dow predictions for 10/16/2008.

market is basing. that is my opinion.
Dow will end 10/16/08, slightly lower or even up.

you may say speculation - it very well could be
but i believe that bailout works as we are
posting and that banks are dropping worhtless
CDOs onto us, taxpayers, so that their shares
will rise for capitalizations to become possible (again).
the other way of course is a way of complete
destruction and i am not a believer in that camp.

best regards.

I predict an incredibly loud flushing sound as our economies continue to go down the toilet. Especially if LIBOR doesn't pull in.

At least in the cold war it was just the US and Russia that didn't trust each other, now it's the whole freaking world that doesn't trust each other.

Originally posted by robertnesta
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 *deleted* hate the government so anythng that makes rich white people loose their money makes me happy

Do you know what a 401k is?
Do you know how many average Americans - white, black, Asian, Hispanic, etc - have a 401k, and put as much money as they can into it trying to prepare for retirement?
Do you realize you're wishing for all these non-rich, multi-ethnic to lose even more of the money they had planned to retire on? That they'll have to work longer now, maybe work until they drop dead?

What the hell is wrong with you?!?

I think that the worlds uncertainty will continue with a forecast of sequential drops of 300+ until the dow bottoms at 6500

IMO Friday will be a pivotal day,either the economy will have traction with the government incentives or not ,but i would love to say things are just great.


[edit on 16-10-2008 by all2human]

nothings wrong with me, i just want to see the entire established world crumble to its knees and realize that everything they have been doing is pointless in order to wake up and realize life shouldnt be about money

reply to post by robertnesta


I don't think there is any place for such comments on White or Black People on this Thread Robertnesta.
For once in your life can you use your Brain. Even if you don't have investments on the stock market you will be affected by the Crisis as a meltdown will affect the whole economy and ultimately you.

There are many people working very hard out there to earn their living and we should hope everything goes well for their sake.

BTW I am not White

Originally posted by Rockpuck

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

What do you care, Rockpuck? You drive a top of the line Lexus, don't you?


The market will react to news about economy. So, do us a favor: don't say anything and we'll be fine.


The whole package of economic indicators will be available at the end of this month. That would decrease the volatility of the market, which is nervous and looking around for a clue what to do. The market got disturbed by the financial crisis and it could see the grim economic outlook in much darker colors than it would turn out to be. Also, the economists don't agree with each other on how things would go down. That decreases the stability factor in the market tactic equation.

Hey, Rocpuck. Don't provoke any crazy sell-off tomorrow, will ya? Just get your daily allowance $125,000 in the morning and go home.

reply to post by stander


I don't get it dude?

And I drive a Scion.

Let’s just make it clear. This thread is NOT about race. Any further racial comments/posts will be removed.

I am going to call it breaking below 8000 and staying there. No rebound this time. Negative feedback will continue to loop around in a constant cycle of bad news that will drive the Dow south. And every other market with it.
42% of Global Market value has disappeared. Hopefully we might see it bottom(hmmm why do i keep saying that). Hope is all we can do, as the rescue packages are doing nothing or are just too slow for any confidence to be sustained at the moment.

I think its going to drop after the jobless reports come out and open at about -350. It will go up a bit, maybe even positive by noon. 2pm we will have a sell off as usual and the dow will lose again bringing it to about -400.. Maybe a close under 8000.. Just what I think.

Too many negative influences to day for any substantive gains . . . and the growing concern that we're in a global depression is sinking in.

Down 430 at the close.

You've got a large number of people trying to mitigate their losses of last week. Many are hoping for a bounce to recover something and then they'll bail out. We'll see the descending saw-tooth today again. A moderate dip at open. Then the day traders will swoop in and look for deals. Thye market will move up some and then there will be more profit taking (the wounded folks getting out with what they can). This process will continue until we approach the end of the day when there will be alot of profit-taking. I'm guessing 400-ish down at the end.

Originally posted by jtma508
Thye market will move up some and then there will be more profit taking (the wounded folks getting out with what they can). This process will continue until we approach the end of the day when there will be alot of profit-taking. I'm guessing 400-ish down at the end.

You can't kill a pig twice and that's what you say may very likely happen, but I think -400 close is too much.

reply to post by Agit8dChop


That is the problem it has not done everything it can do, they still allowing the fat rats that brought up this mess to run now the fate of the federal reserve and the Treasury department.

And our wealthiest investors abroad are not comfortable with having a bail out to the financial but allowing the ones that made the mess to stay and keep running the show.

That is the problem.

Until the US clean house and new fresh meat comes to take the place of the dirty bastards that cause the crisis the wealthiest investors will keep their money far away from the US markets.

Beside if they stop investing in the US that means that they do not see a future at all in America's economy anymore.





[edit on 16-10-2008 by marg6043]

Market? Let it fall, there is a huge sucking sound from wall street that indicates that investors are being fleeced, taxpayers are being robbed and the smiling jackasses in Washington, District of Corruption really don't give a hoot about their constituency.

Lookie at that - one hour in and it's done it's daily spike already, now for the downhill run.

News just in: Rubbermaid to transfer Vice-Grip manufacturing to China
over 300 people to lose their jobs. At least the Rubbermaid website posts pictures of the fatcats so we can identify them next summer and then tar and feather their bare naked selves.

How about this for a great Executive Compensation Law - Corporate and Business Boards of Directors and Officers shall be limited to an annual compensation of $250,000.00 per year. They shall not be allowed to receive Shares - preferred or common, they shall not be allowed to serve on the boards of other companies. No compensation of any kind shall be awarded other than the ceiling rate of $250,000.00.
Any Company seeking to move operations to a foreign country from the United States shall be subject to Federal Review of all Corporate records, Corporate Officers shall be subject to salary reductions if required to keep manufacturing plants in the United States, if Corporate costs are related to 'bad trades' on the Stock Market then all stocks shall be siezed, nullified and the Corporation made private. Executives ordered to take salary reductions shall be forced to remain in their positions for a period of ten years under threat of Federal Imprisonment and siezure of all assets.
Corporations that show egregious losses due to bad management: Management shall be compensated at a rate equal to the lowest paid employee in the company. Management shall surrender all Degrees, Certificates of Education and Professional Citations. Management shall make public demonstrations daily for their bad decisions.

Lets see how these corporate jerkoffs like those beans, eh?

Oh yeah, you say the 'talent' would run off? Not if they can't find anything else, they'll come back begging.

Originally posted by anachryon

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

Why do you hope that?

Yeah I noticed that too, some people really want it to crash and crash hard. I say it will crash but that doesn't mean I want it to crash. I'm not going to have false hope i'm not blind I see where this is going.

reply to post by SEEWHATUDO


Friday has the potential to be a pretty bad day on the market. The ban on short selling will be lifted on Friday which could result in massive selling and therefore losses in the market.

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