dow projections for 10/10/2008

I am wondering where we would find this information? i often hear CNN talking about dow projections before the market opens and was wondering where they get there information. I am concerned that since most of the sell off happend in the last hour or 2 on 10/9/2008 and the aisan markets seems to be tanking right now at openening (10%) if the dow will do somehting similar tomorrow. If noone knows the information feel free to post what you think it will close at tomorrow .

It's a Friday, so it will be down. How much? If I knew that, I'd play a short option.

Watch the DOW futures - they are a decent indicator. It is going to be a rough few weeks at least for the dow. The real economy is only starting to follow suit.

Click here for more information.

Originally posted by Guzzeppi
They suspended shorts dip #! glad you are not on my list of financial advisers.

The ban on short selling was lifted at 11:59 Wednesday night. Didn't you hear?

Linky

[edit on 10/9/2008 by anachryon]

Here is a link to a summary of the current futures markets, which another member kindly provided, and I bookmarked:

Bloomberg.com: Futures

reply to post by anachryon

I didn't know my bad... I stand corrected

There is no real truth to be heard via media. Find your own truth!

reply to post by Guzzeppi


I think an apology is in order towards ProfEmeritus for calling him a name. That wasn't very nice.

They suspended shorts dip #! glad you are not on my list of financial advisers.

That restriction was removed on Wednesday.

reply to post by anachryon

I think an apology is in order towards ProfEmeritus for calling him a name. That wasn't very nice.

LOL!
I have a thick skin, but thanks for the concern.
I think we should reserve our name calling for the crooks on Wall Street and in Congress. The problem is I can't think of a name bad enough for them all. Maybe we could have a contest- come up with ONE word that would describe the bums.

I wouldn't be surprised if it lost another 1000. Do you know why this is happening? Because of the type of people youthat have been brought into this house. They're ditching this system and going back to the desert because there is no profit to be had here. They know that the game is over permanently and they have abandoned you. Nice friends you've got there.

All these threads talking about overthrowing the government, it aint gonna happen and now they know its time to take what they can get and go into hiding.

The stocks aint gonna stop falling until it hits the solid ground, that's how gravity works.

What I think is......... -200 to -500 if it does not tank the last hour before closing. Today, in the last 10 minutes of trading, it took a nose dive for the worst.

But of course in these times expect the worst.

I'll be the first to admit any guess I'll have is probably wrong but, the DOW hasn't had a 4 digit drop yet. It would've been better to have it last August when it was primed and the DOW was much higher, but hey better now than at DOW 6000 right? The near 700 point drop today was as signifigant if not more so than the large drop couple of weeks ago percentage wise.

thank you, thats exactly what i was looking for. i used to think 1000 pts was kind too extreem of a point drop but now im thinking more and more it could happen every day, have a bad feeling about tomorrow as well but who knows the fed may announce somehting that makes them rebound slightly today before dropping again but i think there fresh out of ideas....

The Nikkei just dropped 10% and futures trading was suspended. Overall the Nikkei has dropped 31% in the last 10 trading days. General Motors shares dropped 30% in value today alone! This is amazing stuff happening here.

Actually my prediction is that something will be unwrapped tommorow morning which will end up sending the Dow up to 10,102.008 or somewhere close to that.

Tried to get some clients to buy today but none would. First time they haven't listened to me. Too bad they didn't stop listening earlier, like a year ago. Still cash is not a bad thing.

I did buy some short term call options at the end of the day in my own account on the Q's and a few smallcaps: NUAN, YGE and CHK.

I will never give up. To me optimism is the only true reality. I promise my clients will finally agree to buy about 2000 points higher, which will probably mark a short term high.

Like I said...i've made several correct calls in the past two months. Truth be told, I called the 600+ point drop for Wednesday..but I was a day early. The global rate cut messed up my mojo. If you count that for a half...i'm running 6 for 7 right now. Not terrible.

I've been researching, and the more I do the more worried I get. I think the potential for another Black Friday is *extremely* frickin nigh. Then again, pure unadulterated greed isn't out of the equation.

But...you were asked for a number. Thousand+ down, depending on the HSI and if it comes back online. If it stays off, it'll be more towards the plus side.

Bear in mind, this is all considering information that is available to me at 0145 CST. If the Fed pulls another rabbit out of its hat I don't have a clue what it'll do. They threw my prediction off on Wednesday, so I wouldn't put it past 'em.

don't forget Bush is addressing the nation at 10 Am eastern just after the markets open. every time he does the dow falls at least 200 points. plus we have this

Morgan Stanley, the U.S. securities firm whose shares fell 26 percent yesterday, may have its credit rating cut by Moody's Investors Service on concern the financial crisis threatens earnings and investor confidence.

Moody's put Morgan Stanley's A1 long-term credit rating on review for a possible downgrade, according to an e-mailed statement. The ratings assessor also lowered its outlook for Goldman Sachs Group Inc.'s Aa3 long-term rating to negative.

link

so i'm guessing we'll be down 800-900 points by close.

[edit on 10/10/2008 by Mercenary2007]

Lets not forget that GM posts earnings tomorrow, IIRC. They ain't doing so well lately.

Oh yeah, and as Merc points out...everytime those stumblef@$&s in power open their mouths, the market takes a dump. I was *watching* the other day when Helicopter Ben Bernanke came on for that news conference. The minute he started talking the market started falling. Heck, even that hot lil blonde on CNBC said the same thing I did, albeit 20 mins after the market closed.

So you've got the Nikkei falling and the HSI dropping like a snitch with new cement shoes..yeah. It's gonna be bad.

I'm still standing on 1000+ though. Wish I had some "gut feeling" on how *far* past 1000...but I don't have a clue.

Is it me, or is this a very exciting time? I am so high on the energy around the world and this "crisis". I feel like I breathe it and the worse we do the better. Because it only means we are closer to revolution of our entire way of living.

I live in San Diego so when the October fires hits and SD is surrounded in flames and ash is pouring from the sky I feel so free!!! Work and school stops and we have to engage our family and neighbors as equals.

An explosion tomorrow will distract traders "temporarily" tomorrow. What will seem like a nose dive will be smoothed out.