How low will it go? DOW
 

The fucking DOW is getting hammered :mad:

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

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

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

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.

GFY census isn't looking to hot :Oh crap

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.

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.

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

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

Good time to buy,don't panic

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.

I'm guessing 3500. We are fucked for YEARS