This tight range we have been in the last couple of days drives me crazy, and feels like something big is brewing...in your opinion, do you think the general market is going up or down over the next few weeks? And why?
2006-09-29 05:30:59 · 8 answers · asked by jazzzame 4 in Business & Finance ➔ Investing
Well, regardless, I bought some protection for my longs......
2006-09-29 09:10:42 · update #1
down it goes....
2006-09-29 05:37:54 · answer #1 · answered by Slutlana 4 · 2⤊ 1⤋
THIS IS THE MARKET REVIEW
Still a basically unchanged market with not much to move the indices heading into the afternoon session. Oil prices continue to trade near session lows below $62 a barrel, but the absence of leadership from Energy continues to offset attempts by Financials, Tech and Health Care to hold onto modest gains. DJ30 -2.72 NASDAQ +1.17 SP500 -0.69 NASDAQ Dec/Adv/Vol 1445/1412/854 mln NYSE Dec/Adv/Vol 1575/1501/582 mln
Like Fed policy being "in a range that can be considered neutral," as noted by St. Louis Fed President Poole earlier, so too are stocks stuck in a rut midday still vacillating around the unchanged mark.
The sense of reserve on the part of investors is largely attributed to concerns about the sustainability of a stock rally that has the Dow above its all-time closing high and the Nasdaq poised for its best September since 1998 to mixed economic data. To wit, while the core-PCE deflator rose just 0.2% in August, matching economists' forecasts and reflecting a slight moderation from the previous trend, the data also leave the Fed's favored inflation gauge at an 11-year high while personal spending rose at its slowest pace (+0.1%) this year.
That report, coupled with an unexpected rise in Midwest manufacturing and candid comments from Poole concerning inflation and "pretty stable" growth, have fueled further consolidation in Treasuries and lifted yields across the curve -- another issue being used as an excuse for stock investors to lock in recent gains. With growth concerns being the market's pre-occupation of late, the Chicago PMI checking in at 62.1 in September -- its best reading this year, has trumped last Thursday's disappointment from the Philly Fed and eases concerns that manufacturing activity
2006-09-29 12:36:57 · answer #2 · answered by Anonymous · 1⤊ 1⤋
As I am the ONLY psychic ever to predict the market accurately 100% of the time. And I have never been wrong. I tell you, with 100% certainty that in the next few weeks, the market will go up and down and up and down and up and down, then down and up and down and up....
2006-09-29 13:25:36 · answer #3 · answered by Anonymous · 1⤊ 1⤋
my opinion is not worth anything on that subject. Any number of external events might cause the market to go one way or the other. For example if some terrorists would blow up the major Saudi oil terminal, you would see the market crater.
2006-09-29 13:04:08 · answer #4 · answered by Italian girl 4 · 0⤊ 1⤋
If it doesn't go up, it will definitely go down. Either that or it will stay the same.
Seriously, nobody can predict the market. Even the experts just look at a bunch of numbers and then guess.
2006-09-29 12:35:01 · answer #5 · answered by rainfingers 4 · 0⤊ 2⤋
Up
It's close to highest ever.
Market conditions are far better than it used to.
It currently testing the max record.
2006-09-29 12:33:47 · answer #6 · answered by Classy 7 · 0⤊ 2⤋
I'm an optimist not a prognosticator. But I keeep mine in mutual funds so I don't have to follow it so closely.
2006-09-29 12:38:59 · answer #7 · answered by snvffy 7 · 0⤊ 2⤋
consumer confidence is up blah blah blah
2006-09-29 12:33:00 · answer #8 · answered by stocketrader24 3 · 0⤊ 3⤋