- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Will the Dow go below 5000?
Posted on 3/9/09 at 11:40 am to Bulletproof Lover
Posted on 3/9/09 at 11:40 am to Bulletproof Lover
Jim Cramer says the bottom is 5,320 so all of you can relax now.
1
Posted on 3/9/09 at 11:44 am to Martavius
quote:Did he actually say this? Specifically 5,320; not 5,330 or 5,310?
Jim Cramer says the bottom is 5,320 so all of you can relax now.
Posted on 3/9/09 at 11:54 am to Cold Cous Cous
Yes, 5320..... LINK
Posted on 3/9/09 at 12:01 pm to Martavius
i think 5000 will happen. a lot of big bounces on the there.
Posted on 3/9/09 at 12:25 pm to Martavius
his worst case scenario for the Dow back in Nov/Dev was 8400. then 7400. Cramer's a hack.
Posted on 3/9/09 at 6:09 pm to clamdip
Cramer also thought that Bear Sterns was a good purchase when it fell from $52 to $25 in two days. Of course, the stock went down to $3 a couple of days after that.
However, I think all of the doomsday scenarios with the Dow going down to 3000 are pretty implausible. At some point, the money sitting on the sidelines will decide that stocks are trading at a discount. My guess is that will occur in the next 1000 to 1500 points.
However, I think all of the doomsday scenarios with the Dow going down to 3000 are pretty implausible. At some point, the money sitting on the sidelines will decide that stocks are trading at a discount. My guess is that will occur in the next 1000 to 1500 points.
Posted on 3/9/09 at 6:14 pm to Keys Open Doors
quote:
At some point, the money sitting on the sidelines will decide that stocks are trading at a discount. My guess is that will occur in the next 1000 to 1500 points.
If macroeconomic indicators keep getting worse, which I firmly believe they will for the next few years, then generally it won't matter because firms will keep contracting and earnings will continue to diminish.
Posted on 3/9/09 at 6:19 pm to LSUtoOmaha
7000 didn't surprise me, and I think a break below 6000 is pretty much inevitable (going out on a limb, I know). As bearish as everyone on this board has been for the past year+, myself included, a DOW or S&P getting a 4-handle would actually start to scare me.
Posted on 3/9/09 at 6:22 pm to kfizzle85
Of course, as I type that I read a story about the UK potentially getting a ratings downgrade as early as next week, which I would have to believe is good for several percentage points of loss globally.
Posted on 3/9/09 at 6:24 pm to kfizzle85
I've been out the loop for a week. Did any other countries' debt ratings drop?
Posted on 3/9/09 at 6:25 pm to kfizzle85
quote:
Of course, as I type that I read a story about the UK potentially getting a ratings downgrade as early as next week, which I would have to believe is good for several percentage points of loss globally.
Sweet mercy... do you have a link... that would be a nice big haircut
Posted on 3/9/09 at 6:32 pm to igoringa
Casually mentioned in this post (this has quickly become one of my favorite blogs, dude does some serious diligence), but I don't recall seeing it anywhere else, so he might just be speculating based on RBS, Barclays, and now LLoyds + QE being enacted. I won't be surprised if it happens at all, but I would be shocked if it happened this week or next week since they haven't even been put on watch yet (at least that I can remember, and that's kind of a big thing).
Posted on 10/14/09 at 10:51 am to kfizzle85
Bump for some chuckles....
Posted on 10/14/09 at 10:58 am to LSURussian
holy shite this thread was taking place as the Dow was at its absolute bottom...... so far....
Posted on 10/14/09 at 11:04 am to Cold Cous Cous
Interesting to say the least. Some downright prophetic stuff in there.
Posted on 10/14/09 at 11:05 am to Cold Cous Cous
Yep. Here's my favorite quote in this thread by General Lee:
quote:
10,000 is almost a 40% rally from here. Not gonna happen anytime soon.
Posted on 10/14/09 at 11:09 am to LSURussian
Well I can't fault him for that, it's a rally of absolutely epic proportions. I don't remember the thread, but I do remember the comment about the DOW "going to zero."
Posted on 10/14/09 at 11:14 am to kfizzle85
Well everyone was convinced on March 6 that the market was doomed. And it shot up.
Now it appears that everyone is convinced that the market is unstoppable. The moment we get a "when will the Dow hit 20,000" thread I'm going all short.
Now it appears that everyone is convinced that the market is unstoppable. The moment we get a "when will the Dow hit 20,000" thread I'm going all short.
Posted on 10/14/09 at 11:33 am to Cold Cous Cous
quote:Not so fast my friend! -Lee Corso
Well everyone was convinced on March 6 that the market was doomed.
I was buying stocks like crazy then. I actually started buying after the middle of February after I started a thread on here (Feb. 12) saying it would be time to go 'all in' into the stock market by the end of March. I grabbed my 'nads and went in heavy!
I put my money where my mouth was, too. Yay!!
Posted on 10/14/09 at 11:35 am to LSURussian
Yes we're all well aware of how right you were. I think that point has been made to death.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News