How low will she go?

#1
lawgator1

lawgator1

Senior Member
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Aug 8, 2005
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#1
No, this isn't about Palin. Its the Dow. As of right now its down around 8700. My prediciton is that the bottom is 7,000, or roughly 50 % down for the year, and is reached on Wednesday of next week.
 
#2
#2
lawgator1 said:
No, this isn't about Palin. Its the Dow. As of right now its down around 8700. My prediciton is that the bottom is 7,000, or roughly 50 % down for the year, and is reached on Wednesday of next week.
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the chartists are speculating 8200.

I can tell you that I am about to go all in on some BofA.
 
#3
#3
We haven't had the volume to mark a bottom. Wasnt going to happen today with the Jewish Holiday. We have had all the other signs of a bottom, just not a huge volume day

and yes BOA is a survivor
 
#4
#4
better to buy MER and get the arb spread.

if this isn't the bottom than i don't know squat about the capital markets.

my buy list:
CX
CSCO
OXY
COP
MER
C
GDP
ISRG
GE
QLD
 
#6
#6
droski said:
better to buy MER and get the arb spread.
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good point. Same difference, cheaper price. BofA just bought up some really cheap operating cash flow for the long run and are massively undervalued today, especially if RE bad debt gets massively reduced.
 
#9
#9
how much of this can be considered a correction to make up for the housing market crashing back to earth?
 
#11
#11
MG1968 said:
how much of this can be considered a correction to make up for the housing market crashing back to earth?
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no one will convince me we are 35% worse off than we were 10 days ago when everyone was going bankrupt.
 
#15
#15
droski said:
no one will convince me we are 35% worse off than we were 10 days ago when everyone was going bankrupt.
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intrinsic value is what it is and there is no way in hell that current pricing reflects it. Anyone wanting to just by some SPDRs can make great money over the coming weeks.
 
#16
#16
If I weren't so concerned about my job situation I would go invest all the cash I've been storing against the eventuality that my company goes under.
 
#17
#17
UT IE 95 said:
no lending = market tumble
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no lending = no earnings for the banks. when these loan officers start realizing their bonus is going to be zero wel start seeing people lend.

another inverse sign is all the closed end funds at 40-50% discounts to asset value.
 
#18
#18
droski said:
no lending = no earnings for the banks. when these loan officers start realizing their bonus is going to be zero wel start seeing people lend.

another inverse sign is all the closed end funds at 40-50% discounts to asset value.
Click to expand...


Can't I basically get the same information on the economy by burying a lock of hair with three turnips and something blue under the willow during a full moon?
 
#19
#19
lawgator1 said:
Can't I basically get the same information on the economy by burying a lock of hair with three turnips and something blue under the willow during a full moon?
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that's the Obama plan. It doesn't work worth a damn, but lots of idiots will believe it works.
 
#20
#20
rwemyss said:
If I weren't so concerned about my job situation I would go invest all the cash I've been storing against the eventuality that my company goes under.
Click to expand...

Dont step in right now, dont try to be a hero. Thats Gambling. The market is parabolic and I wouldnt be a buyer until we break that pattern, when we do find support and the market is no longer in free fall, then you can buy, thats investing
 
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