Place your bets: Stock market bottom (Thread from 2009)

Stormin Norman · 03-05-09, 01:36 AM

Where do you think the lowest point of the market will be before it begins to climb back up?

bookworm_020 · 03-05-09, 06:01 AM

Judging by the number of big institutions still going to the wall, or on the verge, it looks like it will get a lot worse before it gets better!

Onkel Neal · 03-05-09, 10:29 AM

Never let it be said, I'm not afraid to make my prediction.

AVGWarhawk · 03-05-09, 10:52 AM

I think it is as low as it will go. In short and you will not hear it from Washington, it has already crashed. If Washington would stop brewing gloom and doom the markets will at least be stable and start a slow climb up. You have seen in the past few weeks, if the Fed farts funny the market takes a dump. Optimism is the operative word here.

EDIT: Todays news shows GM as doubtful in surviving. Markets will react.

SteamWake · 03-05-09, 11:30 AM

Kind of supprised the poll stops at 5300, Im thinking more like 3000.

Espically if Obama doesent get off the doom and gloom platform.

Traders are extremly wary of the stimulous bill and the numbers dont lie.

Onkel Neal · 03-05-09, 11:36 AM

Yeah, the top value has already been renedered moot by today's collapse.

I'm just waiting to see where Skybird applies his predictive powers

Zachstar · 03-05-09, 12:18 PM

6300 but I dont see it lowering under 6000 unless GE,GM, AIG and about 30 other companies fall.

Stock is too cheap to pass up now. Even tho people are worried the chance to make 3-6 times what you invest if a recovery happens makes for HUGE short term gain possibilities.

Small companies wont see much in new investments but GE for instance... That will see some serious buys.

Edit: BTW keep in mind it was the growth of the Internet that got the economy as high as it was. These days getting on the net is easy in comparison. And the networks are allowing for insanely easy communication. So in reality the economy is MUCH stronger than the media likes to say it is.

Aramike · 03-05-09, 12:20 PM

Going down...

You know what could fix the problem? Privatizing Social Security. That massive influx of cash would get investors on board so fast, the market would be back over 10K within a week! And Social Security wouldn't be broke any longer...

You heard it here first, folks.

Zachstar · 03-05-09, 12:21 PM

And last.. Seniors do not want it and I do not want it. Its done gone dead poof third rail or however you like to put it.

AVGWarhawk · 03-05-09, 12:36 PM

Quote:

Originally Posted by Aramike

Going down...

You know what could fix the problem? Privatizing Social Security. That massive influx of cash would get investors on board so fast, the market would be back over 10K within a week! And Social Security wouldn't be broke any longer...

You heard it here first, folks.

Need to go back to stuffing cash in the old mattress

No more company pensions plans out there. We are told to invest in 401K for your retirement. This is a risk as you can see. I have lost over half of my investments. Uncle Sam said it would be a great idea. You are not taxed on it. Not until you are old and gray making the withdrawal. To old and gray to have enough energy to storm Capital Hill after you are taxed to death on your withdrawal that is

Social Security will be zero by my retirement.

So today we see GM burp and utter the word bankruptcy....markets nose dive. What happened to the billions we gave GM a month ago?

Should have closed up shop then instead of prolonging the agony.

SteamWake · 03-05-09, 12:49 PM

Quote:

Originally Posted by Zachstar

6300 but I dont see it lowering under 6000 unless GE,GM, AIG and about 30 other companies fall.

Serious doubt that GM can 'survive'

http://www.foxnews.com/story/0,2933,505130,00.html

AVGWarhawk · 03-05-09, 12:51 PM

Quote:

Originally Posted by SteamWake

Quote:

Originally Posted by Zachstar

6300 but I dont see it lowering under 6000 unless GE,GM, AIG and about 30 other companies fall.

Serious doubt that GM can 'survive'

http://www.foxnews.com/story/0,2933,505130,00.html

The writing on the wall could be read 8 weeks ago concerning GM. Good news though, Walmart sales are up 5%.

China should be happy with that news!

Tchocky · 03-05-09, 12:51 PM

The DJIA isn't the best predictor or prognostic indicator.

It's a snapshot of how a market is feeling at a very specific date and time. Stock markets are traditionally more panicky and flappable than the rest of the economy.

AVGWarhawk · 03-05-09, 12:55 PM

Quote:

Originally Posted by Tchocky

The DJIA isn't the best predictor or prognostic indicator.

It's a snapshot of how a market is feeling at a very specific date and time. Stock markets are traditionally more panicky and flappable than the rest of the economy.

True but look at the series of snap shots.....trending downward for quite sometime now. Looking at the series of snap shots, it is a very good indication were the economy is and is heading.

Aramike · 03-05-09, 01:01 PM

Quote:

Originally Posted by Zachstar

And last.. Seniors do not want it and I do not want it. Its done gone dead poof third rail or however you like to put it.

Yeah, you're right. Why bother helping to fix the economy and build wealth when we can just put our future generations more deeply in debt.

Hmm, why don't you want it? Oh yeah, because Bush liked the idea.

View Poll Results: The market bottom will stop at:
6800	0	0%
6300	5	18.52%
5800	4	14.81%
5300	5	18.52%
below 5300	13	48.15%
Voters: 27. You may not vote on this poll

03-05-09, 01:36 AM	#1
Stormin Norman Watch Join Date: Nov 2005 Posts: 25 Downloads: 0 Uploads: 0	Place your bets: Stock market bottom (Thread from 2009) Where do you think the lowest point of the market will be before it begins to climb back up?

03-05-09, 06:01 AM	#2
bookworm_020 Navy Seal Join Date: Aug 2005 Location: Sinking ships off the Australian coast Posts: 5,966 Downloads: 1 Uploads: 0	Judging by the number of big institutions still going to the wall, or on the verge, it looks like it will get a lot worse before it gets better! __________________ "There is always one person in any organization who knows whats going on, That person must be fired"

03-05-09, 10:29 AM	#3
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,383 Downloads: 541 Uploads: 224	Never let it be said, I'm not afraid to make my prediction. __________________ SUBSIM - 26 Years on the Web

03-05-09, 10:52 AM	#4
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,253 Downloads: 90 Uploads: 0	I think it is as low as it will go. In short and you will not hear it from Washington, it has already crashed. If Washington would stop brewing gloom and doom the markets will at least be stable and start a slow climb up. You have seen in the past few weeks, if the Fed farts funny the market takes a dump. Optimism is the operative word here. EDIT: Todays news shows GM as doubtful in surviving. Markets will react. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road Last edited by AVGWarhawk; 03-05-09 at 11:29 AM.

03-05-09, 11:30 AM	#5
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	Kind of supprised the poll stops at 5300, Im thinking more like 3000. Espically if Obama doesent get off the doom and gloom platform. Traders are extremly wary of the stimulous bill and the numbers dont lie. __________________ Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648

03-05-09, 11:36 AM	#6
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,383 Downloads: 541 Uploads: 224	Yeah, the top value has already been renedered moot by today's collapse. I'm just waiting to see where Skybird applies his predictive powers __________________ SUBSIM - 26 Years on the Web

03-05-09, 12:18 PM	#7
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	6300 but I dont see it lowering under 6000 unless GE,GM, AIG and about 30 other companies fall. Stock is too cheap to pass up now. Even tho people are worried the chance to make 3-6 times what you invest if a recovery happens makes for HUGE short term gain possibilities. Small companies wont see much in new investments but GE for instance... That will see some serious buys. Edit: BTW keep in mind it was the growth of the Internet that got the economy as high as it was. These days getting on the net is easy in comparison. And the networks are allowing for insanely easy communication. So in reality the economy is MUCH stronger than the media likes to say it is. __________________

03-05-09, 12:20 PM	#8
Aramike Ocean Warrior Best of SUBSIM Chairman Join Date: Dec 2008 Location: Milwaukee, WI Posts: 3,207 Downloads: 59 Uploads: 0	Going down... You know what could fix the problem? Privatizing Social Security. That massive influx of cash would get investors on board so fast, the market would be back over 10K within a week! And Social Security wouldn't be broke any longer... You heard it here first, folks.

03-05-09, 12:21 PM	#9
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	And last.. Seniors do not want it and I do not want it. Its done gone dead poof third rail or however you like to put it. __________________

03-05-09, 12:51 PM	#13
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	The DJIA isn't the best predictor or prognostic indicator. It's a snapshot of how a market is feeling at a very specific date and time. Stock markets are traditionally more panicky and flappable than the rest of the economy. __________________ [SIGPIC][/SIGPIC]