Dow Below 10,000

[DisgruntledVirus]

Originally posted by: Ferocious
One theory is that the excessive bullishness that began a few years into Reagonomics needs to be completely undone before we continue upwards again. The first few years of the 80's bull market was justified, but not what has ensued after that.

What does that correspond to in DOW terms?

Dow should roughly be in the upper 7000 range today.

You think we will lose 2k+ on the DOW in a day? I *highly* doubt it will be that bad. I hope I am not wrong, but if I am a very painful short term would be preferable to a less painful drawn out deal.

 

[Specop 007]

Originally posted by: DisgruntledVirus

Originally posted by: Ferocious
One theory is that the excessive bullishness that began a few years into Reagonomics needs to be completely undone before we continue upwards again. The first few years of the 80's bull market was justified, but not what has ensued after that.

What does that correspond to in DOW terms?

Dow should roughly be in the upper 7000 range today.

You think we will lose 2k+ on the DOW in a day? I *highly* doubt it will be that bad. I hope I am not wrong, but if I am a very painful short term would be preferable to a less painful drawn out deal.

I dont know if we can lose that much in a day. I believe market closes at -20% but I dont know what that equates to points wise.

 

[TheSlamma]

Originally posted by: Specop 007

Originally posted by: DisgruntledVirus

Originally posted by: Ferocious
One theory is that the excessive bullishness that began a few years into Reagonomics needs to be completely undone before we continue upwards again. The first few years of the 80's bull market was justified, but not what has ensued after that.

What does that correspond to in DOW terms?

Dow should roughly be in the upper 7000 range today.

You think we will lose 2k+ on the DOW in a day? I *highly* doubt it will be that bad. I hope I am not wrong, but if I am a very painful short term would be preferable to a less painful drawn out deal.

I dont know if we can lose that much in a day. I believe market closes at -20% but I dont know what that equates to points wise.

20% of 10,300 = ________

 

[StageLeft]

Originally posted by: DisgruntledVirus
Dave's law: As an Anandtech P&N discussion grows longer, the probability of Dave saying he predicted it or America will collapse approaches one.

Yes, Yes, yes!! I love it, disgruntledvirus!

 

[shocksyde]

Originally posted by: Skoorb

Originally posted by: shocksyde
Buy Buy Buy!

Haven't you said that before?

Haha no, I haven't.

 

[freegeeks]

Originally posted by: Dari
I'm not sure when is a good time to buy. I remember earlier this year the vulture funds thought it was a buyer's market in January and they ended up losing their shirt.

buy when they start jumping out of the windows in Wall St. Traders committing suicide is normally a good indicator that we have hit rock bottom

 

[ZaneNBK]

Originally posted by: dmcowen674

Originally posted by: TheSlamma

Originally posted by: dmcowen674
10:43am -573 9747 and dropping fast

We all have access to Yahoo Finance dumbass

10:46 am below 9700 and dropping fast

Hmm... finance.google.com has 9738 listed as the day's low and it's currently back up 150 since that point.

 

[Specop 007]

Originally posted by: TheSlamma

Originally posted by: Specop 007

Originally posted by: DisgruntledVirus

Originally posted by: Ferocious
One theory is that the excessive bullishness that began a few years into Reagonomics needs to be completely undone before we continue upwards again. The first few years of the 80's bull market was justified, but not what has ensued after that.

What does that correspond to in DOW terms?

Dow should roughly be in the upper 7000 range today.

You think we will lose 2k+ on the DOW in a day? I *highly* doubt it will be that bad. I hope I am not wrong, but if I am a very painful short term would be preferable to a less painful drawn out deal.

I dont know if we can lose that much in a day. I believe market closes at -20% but I dont know what that equates to points wise.

20% of 10,300 = ________

Thanks, I know its 20% of X, but I mean I dont know how X is figured. Is it simply what the market opened at? Is it some average of some period of time (Say last weeks average) or is it some high mark for some period of time, such as figured from the high of the past 3 months etc etc.

I know there is a market close point but I dont know the specifics of it enough. Regardless, I know it'd be a bloodbath of a day if we hit it.

 

[StageLeft]

Originally posted by: ZaneNBK

Originally posted by: dmcowen674

Originally posted by: TheSlamma

Originally posted by: dmcowen674
10:43am -573 9747 and dropping fast

We all have access to Yahoo Finance dumbass

10:46 am below 9700 and dropping fast

Hmm... finance.google.com has 9738 listed as the day's low and it's currently back up 150 since that point.

Fool! Dave sees the future, he's talking about tomorrow.

 

[PingSpike]

Originally posted by: aldamon

Originally posted by: Dari
I'm not sure when is a good time to buy.

If everyone waits, the market will go to 0. So much money on the sidelines right now. It's masochistic.

You first.

 

[ZaneNBK]

Originally posted by: Skoorb

Originally posted by: ZaneNBK

Originally posted by: dmcowen674

Originally posted by: TheSlamma

Originally posted by: dmcowen674
10:43am -573 9747 and dropping fast

We all have access to Yahoo Finance dumbass

10:46 am below 9700 and dropping fast

Hmm... finance.google.com has 9738 listed as the day's low and it's currently back up 150 since that point.

Fool! Dave sees the future, he's talking about tomorrow.

Sometimes I forget that dates and times loose all meaning when you're swimming in the flow of time.

 

[Capitalizt]

WOW...Check out the cover on this week's "The Economist"..

http://www.nystocktrader.com/Economist.jpg

 

[BoberFett]

Originally posted by: DisgruntledVirus

Originally posted by: dmcowen674
General Electric taking the worst of it.

Goodbye NBC and a whole lot of America

Like I said way back almost 2 years ago this crash will make 1929 look like a walk in the park.

Ah and there it is. Dave "predicted" it all.

I vote we make a "Dave's law" to go along with Godwin's law...

Dave's law: As an Anandtech P&N discussion grows longer, the probability of Dave saying he predicted it or America will collapse approaches one.

LMAO

 

[BoberFett]

Originally posted by: Moonbeam
Hey, maybe we will have a total world collapse of economies and we'll all get to know what it's like to live as any self hating person unconsciously wishes. We all seek disaster because we were formed by trauma. Anything good we have to destroy.

Heard on the radio this morning a guy voting for McCain because Obama perfectly answers questions and it scares him.

People who love themselves don't require an economy to be happy. People used to be happy as farmers you know. When did you become so materialistic Moonie? Why do money and things mean so much to you? Perhaps it's your self hate trying to mask itself in worldly goods.

 

[NoStateofMind]

but....but....the bailout......

 

[Dari]

Originally posted by: PC Surgeon
but....but....the bailout......

It's working.

http://www.bankrate.com/brm/ratewatch/other-indices.asp

 

[Engineer]

Originally posted by: Capitalizt
WOW...Check out the cover on this week's "The Economist"..

http://www.nystocktrader.com/Economist.jpg

Thanks! :laugh:

That at least brightened my day just a bit!

 

[Pliablemoose]

Holy shit, below 9.9K

 

[Schadenfroh]

Damn... Russia's (RTS) stock index was down nearly 20% on Monday. Hope the Dow does not do the same.

 

[dmcowen674]

Dropping fast again.

Back down -500

100 point swings for first half of the day.

 

[DisgruntledVirus]

Originally posted by: dmcowen674
Dropping fast again.

Back down -500

100 point swings for first half of the day.

Your sig speaks volumes about how "educated" you are....

"David McOwen - The most educated American on the internet"

Proof? I'd bet Palin is more educated than you are, and she's pretty low on my "educated" scale as of late....

 

[Martin]

Originally posted by: shocksyde

Originally posted by: Skoorb

Originally posted by: shocksyde
Buy Buy Buy!

Haven't you said that before?

Haha no, I haven't.

Perhaps not you in particular, but people like you have been blaring "BUY BUY BUY" since the talk of the credit crunch started last year (just search through any stock market thread).

 

[Harvey]

Originally posted by: DisgruntledVirus

"David McOwen - The most educated American on the internet"

Proof? I'd bet Palin is more educated than you are, and she's pretty low on my "educated" scale as of late....

I post with Dave McOwen. I know Dave McOwen. Dave McOwen is a friend of mine.

DisgruntledVirus -- You're no Dave McOwen. :laugh:

 

[Zenmervolt]

Originally posted by: Martin

Originally posted by: shocksyde

Originally posted by: Skoorb

Originally posted by: shocksyde
Buy Buy Buy!

Haven't you said that before?

Haha no, I haven't.

Perhaps not you in particular, but people like you have been blaring "BUY BUY BUY" since the talk of the credit crunch started last year (just search through any stock market thread).

It's not time yet. When the market gets down around 8,000, then it will be time.

ZV

 

[brencat]

Originally posted by: Capitalizt
WOW...Check out the cover on this week's "The Economist"..

http://www.nystocktrader.com/Economist.jpg

I just saw this now. LMFAO! :laugh: