Where's the bottom? (of the stock market) POLL

[Pliablemoose]

I think we're headed to 6,500, if you take out the internet bubble on the graph

98' isn't a fair analogy, because we were watching the Russian economy tank, now it's our blood on the floor...

 

[PsychoAndy]

theoretically, 0

unless investor confidence gets restored.......well, lets say its like vietnam. its bound to get worse before it gets any better,

 

[wyvrn]

Some internet companies are doing fine, so I don't think you can remove the whole Internet bubble. That being said, I think we are about 1 year from a bull market at most. So I doubt the market would get any lower than say 8500, and that's not in your poll.

edit: voted 7000

 

[TallBill]

Originally posted by: wyvrn
Some internet companies are doing fine, so I don't think you can remove the whole Internet bubble. That being said, I think we are about 1 year from a bull market at most. So I doubt the market would get any lower than say 8500, and that's not in your poll.

its at like 7800 right now.. .. :Q

 

[boi]

I really hope it doesn't get any lower =(

 

[wyvrn]

Hehe oh shite, haven't been watching the markets the last couple of weeks. Oh well then 7000 then

Either way, my investments are just fine

 

[Pliablemoose]

Figured since we blew by 8,500 on the 18th I wouldn't include it

 

[wyvrn]

A down market is the best time to buy shares anyway I wouldn't mind if it hit 4000 before it rebounded.

EDIT: I shouldn't say that callously, I don't want too many people to lose their jobs on the way. I have been laid of myself before and it wasn't fun.

 

[LAUST]

DJIA 7784.58 -234.68 Closed

 

[Viper GTS]

The lower it goes the more I can make on the trip back up.

That having been said my 7 month old index fund is taking a beating. Still positive, though, my company contributions have exceeded the devaluation due to stock prices.

:-D

Viper GTS

 

[zephyrprime]

Check out this chart

My own calculations say that if historic averages prevailed, the dow would be at about 6000. But this is a bear market and bears always undershoot historic averages. Who know where the real bottom is.

 

[Evadman]

I voted for 7000, but I think that it could hit 6000 - 5500

 

[glenn1]

My own calculations say that if historic averages prevailed, the dow would be at about 6000. But this is a bear market and bears always undershoot historic averages. Who know where the real bottom is.

Or we could simply trade sideways for a few quarters, or few years. Nothing says we have to experience an overcorrection in order to put the bear back in hibernation. I'd say we're likely going to see another 1000-1500 drop in the Dow and then watch it stay flat for a good long while.

 

[StattlichPassat]

6500

 

[shifrbv]

I also agree with about 6000-6500.

then watch it stay flat for a good long while

Just saw a market historian talking about the bear market of 73-74. After that, the markets didn't move until 1982, 8 years later. I agree that we could be in this for the long haul.

 

[tigerbait]

5000

 

[shifrbv]

Also a Merrill Lynch analyst said on the news that S&P trailing earnings are still at 30 times even with all of the carnage. That signals that we've still got a long ways to go.

 

[Zebo]

Originally posted by: Viper GTS
The lower it goes the more I can make on the trip back up.


Viper GTS

I guess that's one way of looking at it

Annuities for me right now, but I'm letting the stock funds I have ride.

 

[BurnItDwn]

I think the fall is gonna slow down and bottom out around 6500.

Gonna be a Great time to buy soon

 

[Squisher]

I'll say 6500

Why don't I feel so bad having lost $20k in the last three weeks? Because, it's money I never saw and it's much less than I made over the last year.

 

[Pliablemoose]

What's going to hurt is when we test the bottom. All the chicken littles will run again...

 

[amdskip]

This market is killing me and my investments.

 

[Miramonti]

The markets already down a decent amount in afterhours.

Rumor is there's an emergency fed meeting called on bank derivative portfolios. This is some serious sh!t if its true.

I say the bottom is 7000-7300, but it doesn't matter though, the quicker it gets there (or lower) the better buying opportunity. Pain = gain.

This dow selloff is a very good thing for the market in the long run.

 

[brtspears2]

I still say stocks are a bad gauge for anything.

Like I was suppose to believe RedHat was worth more than Microsoft on stock alone, bah.

But, I'd put 6000 for sure, after weeding out all the companies that can't count.

 

[Miramonti]

The new universal brokerage marketing campaign due out soon:

We don't make money the old fashion way, we earn it!