Posted on 03/08/2009 3:48:15 PM PDT by maccaca
http://www.freerepublic.com/focus/chat/2136635/posts
“Are you looking for a job?”
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I’m looking for that bounce to get out.
Wow, I figured 3000.
I said 5,000 on here two weeks ago....I think it will be July before it happens though.
5000 puts us around the time the housing bubble opened up in 95. I’ve clung to this as the basement for a while now.
It is also when I started working productively.
Awesome returns on my investments.
5000? Are they kidding? It’ll be there by April 15th.
Correctomundo!
This is not a typical bear marker operating in the arena of free ideas and competition anymore. This is something altogether different and very ugly. We have an adminisitration hell-bent on destroying Capitalism and the free market. We have a government starved for revenues and will do anything to access (tax) working capital to funds it’s growing needs. We have an administration which sees this crisis as an opportunity to do it’s social engineering. So it has no incentive whatsoever to alleviate this crisis, fix the banking problems, etc. The longer the crisis the longer the opportunity.
I heave seen many references to the “dead-cat-bounce”, but really do not have a good understanding of what it means. I am smart enough to know that a dead cat will still go back to the bottom, but am not sure why they happen.
Could you explain it for a “non-investor”?
Obama’s policies of increasing taxes and spending has been equivalent to throwing gasoline on a fire. No telling when or where this thing stops at this point, and at these levels every ~600 points on the DOW is another 10%, but if you’ve ridden it down this far it’s probably too late to pull out now, plus we need SOMEBODY to stay in long to help it finally find the bottom.
They are thinking too small. DJIA 3,000 is becoming a serious possibility. That is not even worst case. In the great depression, the DOW lost 89%. From the 14,200 peak, an 89% loss is 1560. That should give everyone something to think about. Anybody who is holding stocks in this market is in for serious losses.
The Dow is bouncing off support at 6,500 if it breaks below this level I think it’s next support level is around 5,400. IMHO as Atlas Shurgges and withdraws capital from the markets we could even reach a Dow 3,000.
Well at least it can’t drop below zero...can it?
The market was down well over 100 points and jumped into the positive in a couple of minutes.
Examining the 30 stocks that make up the DJIA, it can be seen that this jump occurred in a number of them. It was as if there was simultaneous buying in a number of stocks.
Low PE’s don’t mean a thing if the companies can’t get that bling. Do wah do wah ...
At least one financial "expert" believes that the new housing bill will stabilize things because people will be able to stay in there homes.
Beats me. Wall Street is a bunch of people who shuffle paper around to make money. They buy a piece of paper, hold onto it, then sell it an get money.
My original prediction was a 5,000 Dow by the end of 2010, I have now moved up my prediction of a 5,000 Dow by the end of this year. Imagine how the MSM and Democrats would have reacted if there had been such a stock market free fall during the Bush administration ...now their silence is deafening.
nothing more than shorts covering before the weekend
I wonder about that "reserve." It sounds suspiciously like an Algorean "lockbox."
Just about every government in North America has gone through actual or functional bankruptcy over the last two centuries. All made use of Owlgorian Locketbox techniques to prohibit using tax revenues for necessary functions of government.
One of the most egregious examples of this little monster at work is the old Illinois & Michigan Canal (I believe it is/was named).
This canal was given municipal authority to levy taxes and sell bonds. They continue to rent lots for homes, collect taxes on them, and are still paying off the bonds (which I believe are actually uncollectible).
Went out of business a century and a half ago when the state went bankrupt.
This describes the meaning of the term as I understand it.
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