Any wagers on the dow falling another 500 to 600 points this coming week?

Question

I smell several scandals getting ready to come to light. This is going to be big!!!!!

I have been watching the numbers. I'm not impressed. Something seems hollow about it. Marketing can only get you so far before realization finally catches up. Once it does, look out!!

Anonymous: I don't think so.

poof!! here and gone. lol.

Answer 1

Considering that the Dow did hit the 14000 points not long time ago, I guess those big fishes are trying to capitalized on gain until it reaches a certain level... And my guess, is that this level is far from being reach yet!! In my opinion better invest in futures... Metals would worth raised as fast as oil in a decade or so...

Answer 2

The market is falling because of a lot of factors. At first it was mear scares of the sub-prime market.

However this past week has been a nightmare on the street because of a statement that loan defaults were spreading further than just the sub-prime market, oil prices soaring, and worries about corporate buyouts that were planned, not occuring, and mixed 2Q earning reports - amoung many other various factors.

This week's news has put investors into a bearish frenzy and personally I think they are over-reacting. This is a short term problem and will pass fairly soon. Be very cautious coming into the next week though as I don't believe it's quite over yet.

I see the DOW hitting 12,500 or so before it goes back up. Nobody really knows what is truly going to happen, but the money is there to back it up! Company's for the most part are showing increasing net profit and sales, especially in foreign markets, however they are being brought down because of the US market.

Once the market corrects itself, I believe the market will climb at record numbers! I myself invested Friday as well, it may be a bit soon but atleast I know I got a good buy :)

Here's a few of the major factors, which I can show will correct themselve's in the coming weeks...

Google (GOOG) - Google took its toll on the market this week because of Microsoft's new "Club Live" a free game system which gives out free prizes, but uses a search mechanism in each game's "answers" taking 13% of the market share of all search engines. Once this is factored in, people will realize that Google is still producing the same numbers it has been...

Netgear (NTGR) - A large home and corporate networking solutions company reported mixed earnings. Although their sales were up appx 6% they showed a slight loss because of increased R&D funding for their new state of the art products to be released in the 3Q and more funding for marketing/advertising of their new products. Netgear lost 26% on Fri, but will skyrocket in the 3Q!! BUY BUY BUY!!

The housing market is another sector to question, although sub-prime mortgages aren't doing well - mid-upper class is doing extremely well, and more importantly the extreme high end ($50M+) housing market is at an all-time high! This tells me that our economy is so strong that people are simply buying bigger!

Nearly all world markets took a bad hit last week, but the money is there. Analysts are over-reacting - need to throw back a bottle of Zanax - and really dig deeper into the numbers. Once they realize how great the economy really is, things will go up, and fast!

I could be wrong - NO ONE really knows what is really going to happen, but everyone can take a guess and from what I have seen this is an over-reaction and market correction.

...and a perfect time to buy!


Just curious, what scandals would you be referring to? I'm not a huge investor, but I have a 2 great advisors - both have basically told me the same things. Is there more going on that I'm un-aware of??

Answer 3

Sell, sell, sell!

Big oil will hold up the DOW enough to prevent that kind of fall in the next week.

PE is only at an average 18 or half the last collapse.

People are running scared and big investors like contary investing. You sell and they will buy.


I do not see 500 or 600 more because greed will over come fear and those seeing a correction will attempt to get in before everyone else.

Answer 4

Just look back in history and see how many times out of the past almost 100 years has the Dow ever been down for an extended period of time? Not many...


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Answer 5

No the buys are irresistible now. I put in a buy order Friday when I didn't even plan to buy anything.

Answer 6

HI,

Its possible but not likely. wait for a double top and a
new wave of suckers .

Rgds..................

Answer 7

Nah, buyers will come back.