Dow 9500 ... Where we go from here...

Page 5 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,402
8,574
126
Originally posted by: ElFenix
Originally posted by: Perry404

If you don't know what I'm talking about then you have bought into the distraction that is the two part system that has you wasting so much time thinking about abortion, gay rights and creationism vs atheism that you haven't been paying attention to the real power shifts in our nation. .

Where do I get this stuff?
Study history.
Dang you have a high post count.:D

what in the federal reserve's history suggests that its goal is to eliminate national currencies?

still waiting
 

PingSpike

Lifer
Feb 25, 2004
21,758
603
126
Originally posted by: Jaskalas
Where?s that damn kitchen sink?! We need to throw it down the rabbit hole too, that?ll plug it up for sure. Just like our 2 TRILLION did.

LOL! Well said.
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Originally posted by: RightIsWrong
Title: Dow 9500 ... Where we go from here...

Answer: 8800s. :(

Touched the 8,700's....still going?

This is just fucking insane...

Edit: 30 seconds later...going toward the 8,600's....down well over 500 points.
 

shira

Diamond Member
Jan 12, 2005
9,500
6
81
Originally posted by: Pliablemoose
Unless the credit markets straighten out we're looking at 7500 levels...

The market could go much, much lower than that. 6000, 4500, 3000. Pick a figure. Those absurdly low numbers may seem impossible right now. But remember when everyone griped when gasoline hit $2 a gallon?

The problem is too complex. No one even remotely conceptualizes the entire picture. Everyone is guessing.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Wow look at it go. With some friends I said I thought it might even finish up today or no more than 100 down.
 

wwswimming

Banned
Jan 21, 2006
3,695
1
0
WoW F'inG Wow.

i did the first part of a Flash class online. then they moved to the computer lab, so i drove to the JC
to learn some more Flash. when i left, the Dow looked like it was having a recovery day.

and now this. well there's still a half hour for the Dow to close up for the day.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Originally posted by: shira
Originally posted by: Pliablemoose
Unless the credit markets straighten out we're looking at 7500 levels...

The market could go much, much lower than that. 6000, 4500, 3000. Pick a figure. Those absurdly low numbers may seem impossible right now. But remember when everyone griped when gasoline hit $2 a gallon?

The problem is too complex. No one even remotely conceptualizes the entire picture. Everyone is guessing.
Yep total guessing. In 1929 it went down 93%, so we'd be looking at under 1500, there is just no way to know.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Hell... I can't decide if this is the greatest stock buying opportunity of all time, or if I should just dump everything I have left and buy hard assets like gold for the upcoming economic depression!

Oh well... if I was going to sell everything, I guess that I should have done it three weeks before my portfolio dropped 35%. Too late now, I guess! :|
 

HeXploiT

Diamond Member
Jun 11, 2004
4,359
1
76
Originally posted by: ElFenix
Originally posted by: ElFenix
Originally posted by: Perry404

If you don't know what I'm talking about then you have bought into the distraction that is the two part system that has you wasting so much time thinking about abortion, gay rights and creationism vs atheism that you haven't been paying attention to the real power shifts in our nation. .

Where do I get this stuff?
Study history.
Dang you have a high post count.:D

what in the federal reserve's history suggests that its goal is to eliminate national currencies?

still waiting

This is not something I've seen discussed often but is a theory and history moves in this direction. Doesn't really seem like something that would require a lot of research aside from the basic study of money and banks. Just look at how currencies have been conglomerated over the centuries. The Euro was a huge step for private central banks.
As the currencies combine the central banks become more powerful.
In my doomsday thread I linked to The Money Masters. It is extremely long(3+ hours) and very boring according to some but it is loaded with details on banking history.

Also a good book is The creature from Jekyl island.
I will ponder some more sources for you if you are truly interested.
 

PingSpike

Lifer
Feb 25, 2004
21,758
603
126
Originally posted by: wwswimming
WoW F'inG Wow.

i did the first part of a Flash class online. then they moved to the computer lab, so i drove to the JC
to learn some more Flash. when i left, the Dow looked like it was having a recovery day.

and now this. well there's still a half hour for the Dow to close up for the day.

Heh...I went to CNN and the business market headline was "stock market rebounds" and on the same page I looked over at the ticker and saw it said the dow was under 9000 and I was thinking "The dow was under 9000 yesterday?".
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Originally posted by: ultimatebob
Hell... I can't decide if this is the greatest stock buying opportunity of all time, or if I should just dump everything I have left and buy hard assets like gold for the upcoming economic depression!

Oh well... if I was going to sell everything, I guess that I should have done it three weeks before my portfolio dropped 35%. Too late now, I guess! :|
It is too late. Unless it drops another 2000 points in which case you still have time. But nobody knows.

I have enough money to scrounge in the soup isle if a depression kicks in. Otherwise, I have to believe that this will bounce back as they always have for over 100 years or longer and if that's the case, I would be a maniac to cash out anymore at this point, because if I lose some of the upswing, it will have a catastrophic effect down the road. I sure am jealous of people who went all into bonds earlier this year, though.

 

Cattlegod

Diamond Member
May 22, 2001
8,687
1
0
A key measure of investor fear hit an all-time high. The CBOE Volatility index, or the VIX, topped 60.

Anyone have more info on this VIX?
 

brandonb

Diamond Member
Oct 17, 2006
3,731
2
0
I'm sure glad we bailed out all the banks to help the numbers go down. I'm sure they were banking on it.
 

ranmaniac

Golden Member
May 14, 2001
1,940
0
76
I hope the fire dept. is on standby. There's already one investor arrested after threatening to blow up his bank, and I suspect we'll see more stories.
 

RightIsWrong

Diamond Member
Apr 29, 2005
5,649
0
0
Thankfully, my wife (does daytrading) has been buying puts over the last week or so. We've been able to make some coin from this economic train wreck.

We were just talking about the huge rebound that is going to take place tomorrow if the shorties are allowed to play tomorrow (ban ends tonight at midnight). If they extend the ban another 10 days, buy a couple of puts. This thing is only going down even more.