Brentastic Posted July 1, 2010 Share Posted July 1, 2010 Just kidding. Seriously, DOW 8,800ish and S&P 875ish are the next downside target areas, we should definitely get there by the end of the year, probably by fall. Dow 5k might be another year or so away but we're definitely headed there sooner than anyone wants and most likely much lower than that. That's all, I'll see you guys in another month or two. Good luck Quote Link to comment Share on other sites More sharing options...
wiegie Posted July 1, 2010 Share Posted July 1, 2010 Just kidding. Seriously, DOW 8,800ish That figure is actually not outside the scope of sanity. I wish you all the best for the next two months. Quote Link to comment Share on other sites More sharing options...
Atlanta Cracker Posted July 1, 2010 Share Posted July 1, 2010 I am more and more starting to accept the possibility of breaking the March 09 lows. Hopefully it happens gradually so that I can make some money along the way. Mass panic isn't good for anyone. Quote Link to comment Share on other sites More sharing options...
frankf Posted July 1, 2010 Share Posted July 1, 2010 When it gets down there hopefully it stays for a while, so I can get a good average. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 1, 2010 Share Posted July 1, 2010 we are in for a rough ride fellas. batten down the hatches. if you have cash, you will be king. deflationary depression is coming. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted July 1, 2010 Share Posted July 1, 2010 we are in for a rough ride fellas. batten down the hatches. if you have cash, you will be king. deflationary depression is coming. Jesus Christ, don't you ever stop? Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted July 1, 2010 Share Posted July 1, 2010 Jesus Christ, don't you ever stop? Well, the sky is still clearly falling. Clearly I say. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 1, 2010 Share Posted July 1, 2010 Jesus Christ, don't you ever stop? my name aint jesus. dont you ever listen? it wouldve saved you lots of money. dont hate the player, hate the game. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 1, 2010 Share Posted July 1, 2010 (edited) Well, the sky is still clearly falling. Clearly I say. you guys joke about this, but it truly is not funny. you will see soon, i guess. good luck. is the doctor who tells his patient that they have cancer a downer? Edited July 1, 2010 by dmarc117 Quote Link to comment Share on other sites More sharing options...
Brentastic Posted July 1, 2010 Author Share Posted July 1, 2010 That figure is actually not outside the scope of sanity. I wish you all the best for the next two months. I came back quickly to respond to you, my dear friend. 8800 is only the next target - my conviction of dow 1k-3k over the next 6 years has not diminished. We are heading there whether you or anyone else can see it or not. I just didn't want anyone thinking that I'm backing off from my extreme forecasts. Dow 5k which I previously forecasted as happening by the end of this year may not happen that quick but it's around the corner, believe that. That's all folks - good luck, I truly wish you all the best, even all the pricks! Quote Link to comment Share on other sites More sharing options...
Avernus Posted July 1, 2010 Share Posted July 1, 2010 my name aint jesus. dont you ever listen? it wouldve saved you lots of money. dont hate the player, hate the game. you should change your name to Geico Quote Link to comment Share on other sites More sharing options...
Atlanta Cracker Posted July 1, 2010 Share Posted July 1, 2010 my conviction of dow 1k-3k over the next 6 years has not diminished. Dow 5k which I previously forecasted as happening by the end of this year may not happen that quick but it's around the corner, believe that. See, if you could just stick with the Dow 5k as a possibility and not guarantee it happens before year end or go all extreme predicting 1k you'd have a lot more credibility. If Dow 5k is possible then 3k isn't that great a stretch from there but anything below 3k would make stocks cheaper than they have EVER been (Schiller P/E). Apply some logic and fundamental analysis and you will see why people think you're off base. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 1, 2010 Share Posted July 1, 2010 I came back quickly to respond to you, my dear friend. 8800 is only the next target - my conviction of dow 1k-3k over the next 6 years has not diminished. We are heading there whether you or anyone else can see it or not. I just didn't want anyone thinking that I'm backing off from my extreme forecasts. Dow 5k which I previously forecasted as happening by the end of this year may not happen that quick but it's around the corner, believe that.That's all folks - good luck, I truly wish you all the best, even all the pricks! I thank you for your support Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 1, 2010 Share Posted July 1, 2010 NEW YORK (AP) -- The number of buyers who signed contracts to purchase homes tumbled in May, a sign the housing recovery can't survive without government incentives. Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted July 1, 2010 Share Posted July 1, 2010 NEW YORK (AP) -- The number of buyers who signed contracts to purchase homes tumbled in May, a sign the housing recovery can't survive without government incentives. Bull. It is a sign that everyone was motivated to close before the deadline. It will take a couple months before one can say which way things go from there. Quote Link to comment Share on other sites More sharing options...
MikesVikes Posted July 1, 2010 Share Posted July 1, 2010 Pending home sales plunge record 30 percent link This is something that I mentioned here earlier this year. It was very predictable, imo. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 1, 2010 Share Posted July 1, 2010 Bull. It is a sign that everyone was motivated to close before the deadline. It will take a couple months before one can say which way things go from there. lol....ok Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted July 1, 2010 Share Posted July 1, 2010 If you take that news as anything other than the government blowout sale coming to an end, you are seeing what you want to see. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 1, 2010 Share Posted July 1, 2010 If you take that news as anything other than the government blowout sale coming to an end, you are seeing what you want to see. our economy is propped up everywhere. its a house of cards, ex. housing. once the govt stops incentives and subsidies, things go bad. that is bad. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted July 1, 2010 Share Posted July 1, 2010 Granny's basement with the police scanner on. Quote Link to comment Share on other sites More sharing options...
TimC Posted July 1, 2010 Share Posted July 1, 2010 If you take that news as anything other than the government blowout sale coming to an end, you are seeing what you want to see. True. Lots of people are in for a shock when the Gubment titty runs dry. Quote Link to comment Share on other sites More sharing options...
westvirginia Posted July 1, 2010 Share Posted July 1, 2010 (edited) Bull. It is a sign that everyone was motivated to close before the deadline. It will take a couple months before one can say which way things go from there. That ought to be easy enough to justify or refute. Does anyone have car sales data month-by-month for the last year or so? Where would I find that? ETA: the most cursory google would indicate doggy might be right, as May was a great month (comparatively) for car sales. I didn't look hard enough for statistics month-by-month for the whole year. Edited July 1, 2010 by westvirginia Quote Link to comment Share on other sites More sharing options...
wiegie Posted July 1, 2010 Share Posted July 1, 2010 (edited) That ought to be easy enough to justify or refute. Does anyone have car sales data month-by-month for the last year or so? Where would I find that? I don't have it at the moment, but I do know that car sales dropped dramatically once the cash for clunkers program ended... but then car sales bounced back up within a few months. Edit: Here you go: http://calculatedriskimages.blogspot.com/2...ay-2010_02.html Edited July 1, 2010 by wiegie Quote Link to comment Share on other sites More sharing options...
westvirginia Posted July 1, 2010 Share Posted July 1, 2010 I don't have it at the moment, but I do know that car sales dropped dramatically once the cash for clunkers program ended... but then car sales bounced back up within a few months. Edit: Here you go: http://calculatedriskimages.blogspot.com/2...ay-2010_02.html So the jury's still out, but irip doggie could very well be correct. Though I don't think it's as black and white as either side is indicating, it could just be a large-looking dip caused by the gov't induced distortion. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted July 1, 2010 Share Posted July 1, 2010 If the cretins that "work" on Wall Street and in exchanges everywhere would stop reacting so violently to every snippet of "news", we (and they) would all be a lot better off. Their reactions to every tiny thing are beyond ridiculous, exposing them for the know-nothing bag of brain dead weasels they really are. Quote Link to comment Share on other sites More sharing options...
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