The Dow tomorrow: Predictions?

#51
#51
droski said:
CSCO just put out a horrible forecast. tech is going to get killed tomorrow. good thing i'm long the QQQs. . .:disappointed:
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Man I miss the good ole days when you didn't have to worry about Mr. Chambers missing or lower est. or anything. Have fun with those QQQs Thrusday. :p
 
#52
#52
look for more downside... I think we see S&P 500 retest the lows around 840 sometime before thanksgiving
 
#53
#53
Bank of England lowered rates 150 basis points to 3% from 4.5% ECB cut 50 basis points

Its a sign that things are really bad

look out below!
 
#54
#54
considering all of the negative news the fact that the dow isn't down much is very bullish IMO.
 
#55
#55
VolsNSkinsFan said:
Bank of England lowered rates 150 basis points to 3% from 4.5% ECB cut 50 basis points

Its a sign that things are really bad

look out below!
Click to expand...
all of that strengthens the dollar, generates flight to dollar denoms, makes our bonds more attractive, shortens our pain, further cheapens fuel and softens the blow.
 
#57
#57
munis are pretty cheap, but look for many municipalities in the coming months to be close to going bankrupt once they see their property tax revenues drop significantly.
 
#64
#64
The Dow has declined 9.7% in 2 days. It is the biggest 2 day point drop on record for the Dow and the largest percentage decline since OCT. 1987. Friday should be interesting with payroll numbers. The street is looking for 200,000 wisper number is around 250,000. GS. put out a report saying around 300,000 today. Should be a fun one, buckle up gents.
 
#71
#71
boy that bounce lasted all of 20 minutes

I am so temped to buy GM under 3 bucks, you know BHO wont let it go BK

All BHO has to do is open his mouth and GM should move really nice.

but I have seen too many get crushed by FRE, FHM, and AIG, etc etc

I am waiting on sp500 860 range
 
#72
#72
VolsNSkinsFan said:
boy that bounce lasted all of 20 minutes

I am so temped to buy GM under 3 bucks, you know BHO wont let it go BK

All BHO has to do is open his mouth and GM should move really nice.

but I have seen too many get crushed by FRE, FHM, and AIG, etc etc

I am waiting on sp500 860 range
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I agree, get in get out...It's a traders market.
 
#73
#73
myrobbins7 said:
I agree, get in get out...It's a traders market.
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I am up 15% in my Roth since october. My regular "main" account with my core positions has taken the beating

Been buying and selling SKF, UYG, DIG, DUG, MER, DIS over and over again

Buy and Hold is O-V-E-R
 
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