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DOW just went under 8,000. How low can it go?

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No Passaran Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:57 PM
Original message
DOW just went under 8,000. How low can it go?
7,500 today?
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Vincardog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:00 PM
Response to Original message
1. 7666
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:05 PM
Response to Reply #1
6. Just as it was prophecized in the book of Unravelations
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TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:01 PM
Response to Original message
2. Around 7800 today is my guess
Monday is going to be the real scary day.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:05 PM
Response to Reply #2
5. Federal holiday, it's closed
and thank goodness for that
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TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:09 PM
Response to Reply #5
9. D'oh! I forgot all about that! Yes, that holiday can't come soon enough
Tuesday will be interesting in that case.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:19 PM
Response to Reply #9
12. We MAY have time for people to catch their breath
I am hoping at least
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TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:26 PM
Response to Reply #12
13. Yes lets hope. There are some signs of things stabilizing in segments
Particularly in the energy industry, we are seeing some stocks stabilizing and some are even moving up. The companies that manufacture or service the energy sector are also seeing some sign of relief.

However, across the entire market, I'm not certain we've hit the bottom.
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Barack_America Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:02 PM
Response to Original message
3. Technically, zero.
But it won't. And I don't know enough to predict a floor.
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joebreak1 Donating Member (4 posts) Send PM | Profile | Ignore Fri Oct-10-08 01:04 PM
Response to Original message
4. wow
I think I will buy stocks today, if the market recovers, great, but if not, money won't be good anyway, Yikes,
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:07 PM
Response to Original message
7. Probably high 7000 area today
Next week might even see a small rally, but the trend will stay generally downward until Stupid is out of office, even with a possible rally after election day.

I'm hoping the big drops are over and that the market is now where it should have gone 8 years ago before Stupid bankrupted the country to keep it propped up.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:08 PM
Response to Original message
8. zero?
i mean THAT is how numbers work, right...:shrug:
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Occam Bandage Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:10 PM
Response to Original message
10. Well, my guess two weeks ago was 8,000, so...I dunno.
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:10 PM
Response to Original message
11. 7,400
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:27 PM
Response to Original message
14. A couple of weeks ago there were predictions of 7000. I thought they were nuts.
Shows how much I knew.
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