Do you?
yes
No way.
Sure hope not.
ruff ruff
Here is why I think it breaks 7,000 in 3 months: 1. The US and Global financial crisis has no end in sight… None of the data, GDP, manufacturing index, jobs, you name it, points to a stabilization of the economy. 2. The holiday shopping season will be dismal. 3. More and more layoffs are in the work. See Fidelity’s cut today. 4. There is usually tax loss selling in a down year like this. 5. People on CNBC keep touting that the P/E are at historically low in the past 25-30 yrs or so. But where is the damn E?
You should start a hedge fund. I cannot see why investors wouldn’t throw money your way with analysis like that.
Obama needs to raise taxes for high income bracket to 50%+ immideatly. Mortgages needs to be written down ASAP. Hopefully DOW won’t hit 7k by then
EMH, no need to get cynical and personal… buddy.
no way! 8,000’s possible. 7,000 no. you sound like PTTrainerNY with your pessimisticly bearish thoughts… (is that a word? is that how you spell it?)
Wait till people get their 401k & hedge statements this month. Many who didn’t pull out in Oct are pulling out now of 401k & hedges… Booms go up too much and busts go down too much. We haven’t been down enough yet…
do you not think the market discounts quite a bit more negative press? i mean, the equity market went way down before hedge funds reallly started liquidating. any chance people sold ahead of hedge funds and now may be there when they actually sell? i’m a little worried about info vacuum/inaction ahead of obama’s inauguration. but seriously ex-post depression, this is the worst sell-off ever… i think you can make an argument this is the new japan, but i didn’t really see that argument in your post. more like there’s going to be more selling.
Obama is already failing at the job Israel got 35 missiles at it… no statement Russia is putting missiles on the Poland border…no statement Market went down 10% after his election…no statement BUT I SEE HE DID COMMENT ABOUT HAVING A COLLEGE FOOTBALL PLAYOFF…Please As president elect he should say 1. The capital gains tax WILL BE FROZEN due to the economy… THE MARKET WOULD GO UP 2. We will stand by Poland and Israel… Wishful thinking but 3. We will not give failing companies any money. Companies must show they have a viable business to be given any investment… (directed at auto companies)
EMHdenied Wrote: ------------------------------------------------------- > You should start a hedge fund. I cannot see why > investors wouldn’t throw money your way with > analysis like that. Why is it every time someone throws something out on this board some wise ass tells him to go start a hedge fund. How bout something original for once.
This guy started a hedge fund and has 6 months success on 6 figures so he is proven. Leave him be.
credit market is frozen, now banks cannot sell credit card debt, ouch!!! the recent capital injections and money raised by banks only cover the past write-downs wait for the nationalization of the whole banking industry it won’t take too long to go under 7500, remember the market showed that it can drop 5% in 10min…
comp_sci_kid Wrote: ------------------------------------------------------- > Obama needs to raise taxes for high income bracket > to 50%+ immideatly. What the hell would 50+% taxes do to help anything? It would make everything worse. This is just a knee-jerk, socialistic, dimwitted idea. There aren’t enough people making >250K in this country to finance the Gov’t out of this mess even if you taxed them at 90%! And as soon as you do that there will be hardly anyone in THIS country making $250K. Socialism is a cancer on society and it has failed miserably time and time again. Regardless of where the Dow goes, there is no way to argue that Capitalism is a failed idea. The standard of living we enjoy in the developed world is entirely attributable to Capitalism and democratic society. What would it be like today if all of Europe and the US were Eastern Europe over the 60 years? The system we have certainly it isn’t perfect, no man-made idea ever will be. We certainly need improvement starting with more oversight, transparency, and yes tax reform, but we do not need implement a blanket back-breaking tax any class of people.
PtrainerNY Wrote: ------------------------------------------------------- > Obama is already failing at the job > > Israel got 35 missiles at it… no statement > Russia is putting missiles on the Poland > border…no statement > Market went down 10% after his election…no > statement > > BUT I SEE HE DID COMMENT ABOUT HAVING A COLLEGE > FOOTBALL PLAYOFF…Please > > As president elect he should say > 1. The capital gains tax WILL BE FROZEN due to the > economy… THE MARKET WOULD GO UP > 2. We will stand by Poland and Israel… > > Wishful thinking but > 3. We will not give failing companies any money. > Companies must show they have a viable business to > be given any investment… (directed at auto > companies) OBAMA IS FAILING ALREADY??? he hasnt even been sworn in yet!!!
comp_sci_kid Wrote: ------------------------------------------------------- > Obama needs to raise taxes for high income bracket > to 50%+ immideatly. Mortgages needs to be written > down ASAP. Hopefully DOW won’t hit 7k by then What about raising the taxes to 80%. That will bring in more money. With less disposable income, housing values will go up, right? We should tax you 50% and see how much you enjoy it
PtrainerNY Wrote: ------------------------------------------------------- > comp_sci_kid Wrote: > -------------------------------------------------- > ----- > > Obama needs to raise taxes for high income > bracket > > to 50%+ immideatly. Mortgages needs to be > written > > down ASAP. Hopefully DOW won’t hit 7k by then > > > What about raising the taxes to 80%. That will > bring in more money. With less disposable income, > housing values will go up, right? > > We should tax you 50% and see how much you enjoy > it Agreed. The undisputable fact in life is all men are CREATED equal, from there on out personal prosperity and life in general is a function of hard work, perseverance, intelligent decision making, and luck. If you enact laws to force everyone in society to be equal in all aspects of life, everyone will be pegged to the weakest link in the chain.