How low will it go? DOW - GoFuckYourself.com

kenny · 03-05-2009, 06:12 PM

The fucking DOW is getting hammered

kenny · 03-05-2009, 06:20 PM

I've selected 5500. Just round off to the nearest 500 interval.

LiveDose · 03-05-2009, 06:21 PM

All I know is I'm glad I jumped early...

kenny · 03-05-2009, 06:35 PM

Quote:

Originally Posted by LiveDose

All I know is I'm glad I jumped early...

I knew it was going to fall.. just not this fast/hard

kane · 03-05-2009, 07:04 PM

I read a while back that some economist thing it will bottom out somewhere between 5000 - 5500 before stabilizing some. It makes me wonder if this is where is should have been all along.

kenny · 03-05-2009, 09:13 PM

GFY census isn't looking to hot

tony286 · 03-05-2009, 09:19 PM

Quote:

Originally Posted by kane

I read a while back that some economist thing it will bottom out somewhere between 5000 - 5500 before stabilizing some. It makes me wonder if this is where is should have been all along.

Yeah thats what I read. You got to think its been madness, I had read like yahoo one year was supposed to do 5 bil in revenue and the stock dropped because it was below expectations.That's nuts and it seems if each quarter isnt 100% greater than the next its a loss. Maybe market wasnt meant to be 14000.

BFT3K · 03-05-2009, 09:33 PM

I'd stock up on index funds if the DOW drops below 4,000. At that point your investment will either triple or quadruple within the next 4 to 8 years, or the shit will hit the fan so hard your money will be the last thing you will be worrying about anyway.

Adam_M · 03-05-2009, 09:38 PM

I think the worst is still ahead, but I am up 80% on my trades since November 2008 so happy for the moment.

jmcb420 · 03-05-2009, 10:02 PM

i'm saying less then 4,000. This will not be pretty.

Spunky · 03-05-2009, 10:10 PM

Good time to buy,don't panic

kane · 03-05-2009, 10:39 PM

Quote:

Originally Posted by tony404

Yeah thats what I read. You got to think its been madness, I had read like yahoo one year was supposed to do 5 bil in revenue and the stock dropped because it was below expectations.That's nuts and it seems if each quarter isnt 100% greater than the next its a loss. Maybe market wasnt meant to be 14000.

Yeah it seems like a lot of time there is no rhyme nor reason why a stock is so much. Exxon continues to make record profits in the billions, yet their stock is at $62 but some companies that make little or no profit have stock that is around $200 or more.

When you look at it since 1980 the average household income has gone up a total of $9K a year (adjusted to today's dollars) which is about at 20% increase. Yet during that same time the DOW has gone from from 800 to 14000. It seems like it might be a little bit out of whack. I know average household income is not a great way to judge the dow, but in my eyes it is a good way to judge the overall wealth of the nation since it is the spending of the average household that drives our economy.

xNetworx · 03-05-2009, 10:54 PM

I'm guessing 3500. We are fucked for YEARS

View Poll Results: How far with the DOW drop?
6500 (Current)	0	0%
6000	2	6.90%
5500	5	17.24%
5000	4	13.79%
4500	0	0%
4000	2	6.90%
less than 4000 hello soup kitchens!	16	55.17%
Voters: 29. You may not vote on this poll

03-05-2009, 06:12 PM	#1
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	How low will it go? DOW The fucking DOW is getting hammered __________________ 7

03-05-2009, 06:20 PM	#2
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	I've selected 5500. Just round off to the nearest 500 interval. __________________ 7

03-05-2009, 06:21 PM	#3
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	All I know is I'm glad I jumped early... __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

03-05-2009, 09:13 PM	#6
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	GFY census isn't looking to hot __________________ 7

03-05-2009, 07:04 PM	#5
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I read a while back that some economist thing it will bottom out somewhere between 5000 - 5500 before stabilizing some. It makes me wonder if this is where is should have been all along.

03-05-2009, 09:33 PM	#8
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	I'd stock up on index funds if the DOW drops below 4,000. At that point your investment will either triple or quadruple within the next 4 to 8 years, or the shit will hit the fan so hard your money will be the last thing you will be worrying about anyway.

03-05-2009, 09:38 PM	#9
Adam_M Confirmed User Industry Role: Join Date: Mar 2006 Location: Australia Posts: 3,796	I think the worst is still ahead, but I am up 80% on my trades since November 2008 so happy for the moment. __________________ DiscountedPorn.Com ReviewedPorn.com

03-05-2009, 10:02 PM	#10
jmcb420 So Fucking Drunk Industry Role: Join Date: Oct 2006 Posts: 2,155	i'm saying less then 4,000. This will not be pretty. __________________ I'm funner than AIDS, and easier to explain to your parents.

03-05-2009, 10:10 PM	#11
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,928	Good time to buy,don't panic __________________ *YOUR INFORMATION HERE*

03-05-2009, 10:54 PM	#13
xNetworx So Fucking What Industry Role: Join Date: Jan 2004 Location: Whore Island Posts: 14,445	I'm guessing 3500. We are fucked for YEARS