dow predictions for 10/16/2008.

Anyone have a idea whats going to happen tomorrow? with no good news planed to arrive tomorrow to give the market a boost what will happen? -800 or more? im calling today wacky Wednesday lol. also 1 question, was todays 700+ point drop a larger % point drop than the 777 point drop as the market is worth less now?

So post your predictions!

[edit on 15-10-2008 by tylerc25211]

reply to post by tylerc25211


The Dow futures is currently down another 89 points.

Based on the low tech company earnings, retail decrease, and tomorrow's annoucement of CPI (consumer price index), I wouldn't be surprised if we close down another 300+ points.

I'm not an economist, but do watch Bloomberg and have stayed at a Holiday Inn.

also anyone know when aisian markets open and what there predictions are based on what happend to the dow today? i remember they took a huge plunge based on what happend to the dow a few days ago.

Im thinking, we start out low, we approach 8000 which was about the low last friday (7773). Then we rebound and close about 300 down.

But im just guessing here. Anything could happen.

my guess is a sharp decline at open, around 500 pts and it will start to slowly climb during the day and reach about -300 then in the last hour there will be alot of selling resulting in a loss of about 600-800 pts. my guess.

reply to post by tylerc25211


The asian markets open around 6PM central some later. Im not sure, they open at different times. But i think they will have complete havoc, but m more curious to see what the European markets do later tonight. They open after midnight.

But there fun to watch.

My fun prediction is that my wifes 401k will be worth 0 after the opening bell. I also predict that the market will close around noon because of a massive sell off

I'm waiting paitently to reallocate my retirement fund which has been sitting in US Government Securites for the last year and looking to buy into the bottom. If the Dow gets into the 7500-8000 range, I will be back into Mid caps and capital appreciation funds. Good luck to you all for trying to figure the best time to get back in the market. Those that are still in, it's getting closer to the bottom and there's no reason to bail out and miss the market rally. God bless you all!

All I can say is that it can't be good.........

I predict another 500+ drop.

[edit on 15-10-2008 by k-string]

I predict quite anything is possible based on the current markets' virtually immediate response to the slightest "good" or "bad" news. I believe the "roller coaster" ride of large gains and losses will continue for quite sometime. The market, and people's reaction to it, needs to stabilize itself before any longer lasting trends can be predicted or even anticipated. Strap yourselves in everyone and prepare for the twists and turns and try to remember that this is all largely what the stock market is anyway - anyone's guess from day to day with the hope that one eventually gets more out of it than what he or she originally put into it.

[edit on 10/15/2008 by trek315]

Whatever happens, it's just going to be part of the cycle we have now -

* Big plans get announced

* Market rallies

* The 'viagra effect' of the big plans runs out

* Stocks drop

The Australian ASX is back down below 4000, so all the gains made on Monday's surge have disappeared.

I don't think the Dow is going to 'crash' but it's impossible to predict.

With an Asian stock slump to the tune of 10% plus..

I would say another negative day.. Japanese Automotive where hit hard today, which will carry over into the American markets for sure.

If Toyota and Honda plan a sales slump .. by god GM and Ford better quake in fear.

Oct. 16 (Bloomberg) -- Asian stocks tumbled, driving Japan's Nikkei 225 Stock Average down as much as 10 percent

i just looked a little bit ago and it was down some 900 points

i hope the market crumbles even more tomorrow, im going to make a prediction of -570, possibly more, depending on what kind of news comes out

It's going to gain 125 pts.

If there's no presidential speech or initiatives given before the US opens, im guess another major fall, 500+

People were worried last week, and pulled out.
When the government released details of the bank stock purchasing people grew some comfort thinking that would help.
Then the G7 released statements saying it was dealing with the issue, then people believed a fix would come, so they jumped in, being it was so low and bought up.

Well, when it became apparent that confidence was rash, and the underlying faults hadnt been addressed people pulled back out this last 2 sessions.

It dropped pretty hard last night, 400pts in the last 50minutes.
Meaning that mentality will flow through to the opening today.

I think the people, and the government are going to realise that the fed has done all it can do, with what it has. And unfortunately they are going to have to just let it fall until its hit its bottom.

im guessing 7400-7600 by Friday close.

I think initially it will plummit 360/400 pts, but then rally to -140 but i think Friday will be the BIG day.

[edit on 15-10-2008 by all2human]

Originally posted by robertnesta
i hope the market crumbles even more tomorrow,

Why do you hope that?

reply to post by all2human


Why is Friday the Big Day?
Are you saying you believe Friday will be the crash and if so why?
If it crashes on Friday what happens Monday?
Or are we all bankrupt on Monday?

i hope that because i am sick and tired of the rich white minority in this country who earn their money betting on companies making money and living extravagant lives

i dont have money in the stock market, iv never had a credit card, and i [SNIP] hate the government so anythng that makes rich white people loose their money makes me happy

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[edit on 16-10-2008 by Gemwolf]