View Full Version : Dow End of 2010?
August 04, 2010, 18:27
Today the Dow closed and 10,680. Where do you think the dow will be towards the end of 2010 - Below 8,000, above 13,500, close to today's level of 10,500?
I'm going to say around 13,500.
August 04, 2010, 18:33
I predict the DOW will be at 12,100.
August 04, 2010, 19:02
I'm thinking DOW about 9,500 +/- and goin' down steadily. I'm guessing down 2-300+ points per week. (...after week, after week, after week...you get the idea.)
August 04, 2010, 21:43
Yeah 7. Uncle Ben and the pump monkeys will try and keep the DOW up to build confidence and bolster moral.
But Mr Gold will tell the tale. :rofl:
August 04, 2010, 21:48
or only the black boxes know - which is the truth!
August 04, 2010, 21:58
Right where it is now... or within a slightly higher range until we get through November. Word is that institutional trading algorithms are being used to trade between firms so as to not rock the overall boat. Conspiracy theory type stuff... but big minds think this is being done. How do you think they are using all that surplus money? When 50 BILLION dollars of mostly privately held mutual fund monies move out of the market (that's YTD by the way) and nothing moves much, you better believe the "fix" is in. It has to be getting replaced by something to keep the equity in the markets! Retail is DEAD and the savings rate is lower than you think because they include debt service (paying down credit cards) as savings. Yeah, I know... makes no sense. But in essence it does mean that people are not actually "saving". People have to stop spending (DONE), pay off their debts (DOING THAT) and THEN save (NOT THERE YET) before retail spending will kick back in and push the economy forward. That is going to be quite a while folks...
I would not put a DIME in this market unless you are working off of purely volatile speculative plays.
What to put it in? Your guess is as good as mine.
August 05, 2010, 06:02
Place your bets here:
August 05, 2010, 06:31
August 05, 2010, 10:03
Originally posted by ostrobothnian
Isn't that the answer to the universe?
August 05, 2010, 10:52
Bring a towel...
August 05, 2010, 13:46
I could see more stimulus $$$ coming into the pipeline and giving a bounce to the market. Also, the R's taking control of the House in Nov would be good for maket.
As an aside here is a stock you might want to watch - US Gold Corp (UXG), trading around 5.0. GLTA.
August 05, 2010, 15:37
While not directly related to the stock market, O's new pet project may speed along new problems. Probably have to give the Banks another stimulus to make up for the hit they take with letting mortgages slide.
August 05, 2010, 16:35
The end of the year will be a blood bath. The Capital Gains Tax increase will
cause circuit breakers to trip on the NYSE for many days as sellers panic to
sell before their stocks become worhtless. It will seem like the end of the world
Goldman will file for bankruptcy..............................
August 05, 2010, 17:24
From YOUR lips to GODS ears brother:-)
August 06, 2010, 08:44
holy crap Gary... Thanks for that tidbit... You probably just saved me a couple grand.
August 07, 2010, 11:12
A brief and concise explanation of the capital gains tax increase of 2011 and its implications for investors in equities -->
I doub't this effects 401K holders in equities?
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