So, the Dow has been dropping all week. Everything is pointing to a big drop. Obamanomics has proven to be an utter failure and he doesn't care. They just keep spending and spending while dividing the country. So I have to ask, where do you think the botton will be 8000, 7000 or even 6000? Could it drop below 6000? I can tell you I have no faith in the near future. I'm waiting it out on the sidelines. Certainly Dow below 8000 by the end of the year will happen.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
I think 8000 is wishful thinking........i have a feeling it will go somewhere between 5 and 6000........But Hey.........Obama says everything is OK and getting better.........
Location: On an Island in the west coast of New England
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I am not too worried. People are looking to make money and they need to buy to accomplish that. We will go up and down a bit but the trend will be up...at least I hope so. I am so diversified at this point that the DOW actually has little to do with my portfolio.
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Too busy with fishing to spend much time here.
By all rights it shouldnt be as high as it is. However I dont see it going below 9000. Nothing it has done has made sense so I dunno why it would crash now.
There is no help in sight until the November elections. That doesn't mean it could stop Obama's distructive agenda. It only means a chance for a republican controled legislative branch. Then add in if it really happened, what would the Dems do in a lame duck? You have productivity droping last qtr by almost a full point. That's not good, points to a down turn. That is my biggest concern of it all. Housing market hasn't improved. If anything, another crash is on deck. You have government employees earning way too much money without a anyone in DC calling it out. We've just had more bailout for states that are irresponsible. China is getting ready to crash. Their floating the boat is about to sink it.
Sorry, we are going down but by how much, I have no idea. I'm on the sidelines with my money.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
I forgot to add in the tax increases for those earning 200K or more. That's 50% of small biz owners. Small biz is what we need more today than ever for employment. Obama's answer? More welfare. Dow tanking.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Productivity going down means that the current workforce has been pushed to the limits...hence businesses will have to hire. How is the market overpriced? It's trading at about 13-15 future earnings. Also, U.S corporations are sitting on $2 trillion cash with their balance sheets.
The market will probably continue to trade sideways until November, when hopefully the anti-business regime will be blocked. But the chance of another crash is very slim.
I still have no idea why it's above 10,000...so I'm not going to speculate about where it will be in a few months.
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I love Christmas lights. They remind me of the people who voted for Obama. They all hang together; half of them don't work, and the ones that do, aren't that bright.
For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.
A golf course is a willful and deliberate misuse of a perfectly good rifle range.
Productivity going down means that the current workforce has been pushed to the limits...hence businesses will have to hire.
Totally disagree. Productivity drop right now means shifts that were brought back and/or given more hours up to full time to meet the anticipated demand, means the demand has dropped off. You see it in a lot of numbers right now. Earnings were high last reporting. Productivity would have also been up. We are seeing demand drop and workers under worked at the end of the qtr. We also see jobless claims on the rise reflecting that position.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Where is the Dow's next bottom going to be?
