Next Stop Dow 11111

DruulEmpire · « **on:** June 06, 2008, 05:35:15 PM »

Some months back, I privately joked that the Dow might fall to 11111. I didn't really believe it, hoping more that the magic sequence 12345 might be the true floor.

But we plummeted through 12345 today, and I rather suspect that more ground could be lost before we finally see any substantial rebound by, say, Thanksgiving.

Since I like to think that may be a definitive rebound, I consider this view long-term optimistic. But remember, if we do keep sinking -- you heard it here first.

gOOber · « **Reply #1 on:** June 06, 2008, 05:56:49 PM »

Brother, can you spare a dime?

DruulEmpire · « **Reply #2 on:** June 06, 2008, 06:40:44 PM »

Eh, I think we'd have to be somewhere back below 10000 for THAT to happen ...

BillN · « **Reply #3 on:** June 06, 2008, 07:26:54 PM »

That reminds me I need to check on my 201K.

Hiram · « **Reply #4 on:** June 07, 2008, 01:56:58 AM »

Personally I think The Dow will come back strongly at some point, it’s the when that is the worry.

The pain before the gain.

With rising prices (inflation) and slow growth, the specter of stagflation is upon us.

In my opinion all the runes are not good

SwitcherX · « **Reply #5 on:** June 07, 2008, 02:47:37 AM »

Everyone, especially the oil traders, are waiting to see if Bush bombs Iran.

AZWolf · « **Reply #6 on:** June 07, 2008, 05:21:54 AM »

Let the Dow rot. What it does in the last few years has been to go up while the economy has been left to suck ass. Let the Bush Class feel some pain.

3deroticer · « **Reply #7 on:** June 07, 2008, 11:29:31 PM »

no need to panic like the crash in the 30's, it will be those that have huge stock in the market that will feel the pain.

pedonbio · « **Reply #8 on:** June 08, 2008, 03:05:50 AM »

Quote:

Hiram said:
Personally I think The Dow will come back strongly at some point, it’s the when that is the worry.

Louis Rukeyser once gave the ultimate market prediction, back in the early '70s (when the Dow was about 1,000): "The market will hit 100 and it will hit 10,000. But I can't say when, or in which order."

DruulEmpire · « **Reply #9 on:** June 08, 2008, 03:42:50 AM »

Luckily, I'd say Rukeyser was wrong about the 100 -- at least, until such time as society may dismantle the Dow Jones altogether.

AZWolf · « **Reply #10 on:** June 10, 2008, 05:23:21 AM »

I'd like to see it hit 111.

DruulEmpire · « **Reply #13 on:** June 10, 2008, 09:30:58 AM »

To keep this all in perspective, I would point out that just ten years ago a thread like this with the title Next Stop Dow 11111 would have been positively cheery.

Re: Next Stop Dow 11111

Re: Next Stop Dow 11111

Re: Next Stop Dow 11111