The Dow slides again

yaaarrrgg · 10-06-2008

Looks like Dow is still falling. What do you predict this will stop at?

http://chart.bigcharts.com/custom/cn...ze=2&rand=1622

I don't follow the market a whole lot, but my prediction would bottom out around 7,500. That's just based on continuing the line that preceded the steep upward slope. No logical reason why the line would have abruptly changed in rate, that much at that point IMO. Other than collective insanity.

itsreallyme · 10-06-2008

Seems about as logical as the market itself. I think your prediction is about as good as any. Theres no doubt in my mind it falls into 4 figures, but how far is anyones guess.

Thing is that the stock market is not the best indicator for a recession. Traditionally its been new housing start ups but that part of the economy is so screwed up right now that its difficult to gauge. I've been curious since the early 90's when housing start ups would fail as a barometer for the economy. We're running out of room for the housing market to predict this stuff. Now its just paper I guess.

10-06-2008	#1 (permalink)
yaaarrrgg Super Moderator Join Date: May 2007 Location: Indiana, USA Posts: 962	The Dow slides again Looks like Dow is still falling. What do you predict this will stop at? http://chart.bigcharts.com/custom/cn...ze=2&rand=1622 I don't follow the market a whole lot, but my prediction would bottom out around 7,500. That's just based on continuing the line that preceded the steep upward slope. No logical reason why the line would have abruptly changed in rate, that much at that point IMO. Other than collective insanity.

10-06-2008	#2 (permalink)
itsreallyme Super Moderator Join Date: Nov 2007 Posts: 292	Re: The Dow slides again Seems about as logical as the market itself. I think your prediction is about as good as any. Theres no doubt in my mind it falls into 4 figures, but how far is anyones guess. Thing is that the stock market is not the best indicator for a recession. Traditionally its been new housing start ups but that part of the economy is so screwed up right now that its difficult to gauge. I've been curious since the early 90's when housing start ups would fail as a barometer for the economy. We're running out of room for the housing market to predict this stuff. Now its just paper I guess.
	Heres to Ya! My Mother