Stocks Set to Drop Again in Monday Opening

[louis c]

At 1:30 AM, the dow futures are down 131. However, using the fair market formula (not on display) the Dow is poised for a drop of 248, as of 1:30 AM EDT. This number is arrived at by looking at the close on Friday of 8,378 and the futures estimate of 8,130. It appears the crisis we face is far from over.

Link:
http://money.cnn.com/data/premarket/index.html

[Skink]

1. It appears the market is realistic.

Since 95 it's been crazy. One Bubble after the next. 8000 is good.

[louis c]

2. 10,571 when Bush took office

That's a drop of 25% in 8 years. Not such a good deal, if you ask me. That means you would have been far better off putting your money in a mattress than investing in Bush's stock market.

[CoffeeCat]

3. Hell no, it's not over...

So many factors are affecting our stock market now.

However, the consumer side of things--has only begun to affect our stock market.

Consumer spending is seventy percent of our U.S. economy. Consumers have tightened their
belts, and they are going to continue to withhold dollars (and opt to save) out of fear.

Furthermore, people are maxed out on their credit cards OR they are paying them off
and refusing to dig themselves deeper into debt. Also, credit-card companies are putting
the squeeze on customers by denying them additional credit and cutting them off.

The spigot of free-flowing credit-card spending has been slowed to a trickle.

When all of this catches up to the bottom lines on these companies--that's when the shineola
really hits the fan.

I predict the Dow at 3,000--and that's my sunny prediction. Furthermore, so many companies
will not survive this. Our economy was propped up on a whirlwind of spending, consumers
using credit cards, and people cashing out their home-equity. That's...all...gone.

When the Dow recovers, it won't be the same stocks rising up out of the ashes. The Dow
will re-emerge as a completely altered and leaner version of its former self.

I see a total disaster with many losing most of their dollars invested in the stock market.

[FrenchieCat]

4. The shit is just beginning.......

Anyone thinking otherwise is in for a rude awakening!

[thewiseguy]

5. Wrong. We are pretty much near the bottom.

The 8400 mark for Dow is pretty much the bottom. The stocks will bounce around that figure for a while, but will not go down much further.

[TheWatcher]

6. ........

:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:

OK.

I guess the thousands of Hedge Funds on the Brink right now are not going to be a factor.

We may see a recovery late next year, but I don't think we're done quite yet. Too Much Bottom Picking Going on. I'm Sure CNBC will have all the Cheerleaders out this week.

If you really think this is going to be over in a few weeks, you may be underestimating the size of the problems.

Besides, It's already Trading BELOW 8400.