Educated guesses or predictions only, thanks you.
2007-11-28 07:24:39 · 9 answers · asked by Roller Coaster Know It All 3 in Business & Finance ➔ Investing
Gold and Oil will follow... They are left behind today, so they will have to cach up
2007-11-28 07:55:27 · answer #1 · answered by Mr. November 2 · 0⤊ 0⤋
Well, there might be a little left in the tank to keep it going. The only days the market is down are days where banks report losses, or a noteable company says something about the economy and how it sucks. If there is good news like yesterday and today, then the market will buy. Their are alot of companies still looking cheap but people are waiting to put money into them until they can get a clear sense in where the economy is going.
2007-11-28 07:30:52 · answer #2 · answered by Dippin Dots of East Lansing 2 · 0⤊ 0⤋
It's so hard to say anymore. The news day to day contradicts previous day's news. Good news today, blah blah blah injected liquidity into the markets....bad news, financial company X reported a loss/wrote down debt.
I would have to say that the trend will continue until we see consistent positive financial reports for companies. As long as homes are staying on the market longer, values decline, gas/oil prices are high, less money in the consumer's pocket, etc., the financial reports are going to be unfavorable.
For the long term, retirement accounts are going to bounce around. Short term investors (speculative, that is) are going to try to make money on the day to day news. I say good luck to them because it's difficult to determine which beast will show its head.
Short answer...tomorrow we will see stagnation or a slight decline. Most companies have already reported earnings for the quarter.
Ron, ChFC
2007-11-28 07:43:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If the market soared based on commodities, it'll be a good day to buy USD with Cdn dollars since our dollar is driven by Alberta oil.
If financials pushed the market, I'd still hold tight as the Tories want to look into the effect of the US credit crunch on Cdn banks.
2007-11-28 07:43:20 · answer #4 · answered by banker 1 · 0⤊ 1⤋
It will either go up, go down or possibly stay flat... it took me years of learning to realize its basically a coin flip day to day. I care far more about the long term, tomorrow is just another day.
2007-11-28 07:38:22 · answer #5 · answered by tiescore 6 · 3⤊ 0⤋
what goes up----will go down, it will depend on the greed of the investers. most want to take the profits and run befor the end of the year.
2007-11-28 12:10:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
For tomorrow, a little more up.
2007-11-28 20:36:42 · answer #7 · answered by ZORCH 6 · 0⤊ 0⤋
It might go up or down.
2007-11-28 09:33:19 · answer #8 · answered by Vash the Stampede 2 · 0⤊ 0⤋
it will crash another 2%
2007-11-28 08:20:28 · answer #9 · answered by Anonymous · 0⤊ 1⤋