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Let's watch the Dow...

 
Follower of the Way

User ID: 335844
United States
01/18/2008 10:04 AM
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Re: Let's watch the Dow...
I heard on Headline News this morning that the "Stimulus Plan" is just an advance on next year's tax refund. In other words, IT'S A TRAP. The only sane thing to do with that money is to bank it in whatever you feel is the most responsible way possible so that when they raise taxes next year, you have something to pay the extra burden with (having gotten your refund ahead of time).

I suppose passing out shackles would have been to obvious, huh?
 Quoting: Anonymous Coward 293715


I would actually prefer to get my taxes ALL back for the next 20 years. This way I can elect how I'd invest it vice the government. Also, if it is known or calculated that the dollar will retreat further, I'd buy up other assets with it. This way, the value wouldn't be too dilluted.
Anonymous Coward
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01/18/2008 10:06 AM
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Re: Let's watch the Dow...
well it's not like if you've been a regular viewer of GLP you didn't see a stock crash coming.. you had time to prepare and move your 401k to cash.
Follower of the Way

User ID: 335844
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01/18/2008 10:09 AM
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Re: Let's watch the Dow...
If you look at the past "recessions" you will notice a pattern with the declines. It doesn't decline every day, it'd be too obvious. This past recession (2001 ish) you saw market drops every few days and market rises every few days. In the end, the overall market would decrease, but ever so slightly as to not make people panic.

The key is to understand how recessions work with the market. As of the moment, the DOW has gone from around 14000 to about 12200. Yet they will tell you, oh 10% market correction is normal. You have to look at the long term trend. Today it will be up, perhaps up for two days. The big boys need the smaller boys to increase volume so they can unload their shares on the public.

If there are no bidders, then you can't be a seller.
Anonymous Coward
User ID: 356675
United States
01/18/2008 10:14 AM
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Re: Let's watch the Dow...
captain
2XSecretAgent (OP)

User ID: 134741
United States
01/18/2008 10:15 AM
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Re: Let's watch the Dow...
Now at 12,388.78 - +179.57
Let's agree to respect each others views, no matter how wrong yours may be.
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Anonymous Coward
User ID: 3908
United States
01/18/2008 10:15 AM
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Re: Let's watch the Dow...
up 160+ i stated 210+ at the closing..

Im right again..
2XSecretAgent (OP)

User ID: 134741
United States
01/18/2008 10:16 AM
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Re: Let's watch the Dow...
up 160+ i stated 210+ at the closing..

Im right again..
 Quoting: Anonymous Coward 3908

Don't ya think it's a little early to be calling the game?
Let's agree to respect each others views, no matter how wrong yours may be.
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The OP

User ID: 357546
Bolivia
01/18/2008 10:18 AM
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Re: Let's watch the Dow...
up 160+ i stated 210+ at the closing..

Im right again..

Don't ya think it's a little early to be calling the game?
 Quoting: 2XSecretAgent

I predict less than +200 probably +165
Anonymous Coward
User ID: 304376
United States
01/18/2008 10:23 AM
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Re: Let's watch the Dow...
I am watching market "internals" advancing stocks verses losing stocks. They tell a better story than the DOW, S&P500 & NASDAQ. They are almost negative (more losing stocks than winners.)

Unless a interest rate reduction fairy comes along soon I do not think the PPT can pump this up today unless they buy the heavier weighted index stocks all day.........Ray
Anonymous Coward
User ID: 357422
United States
01/18/2008 10:24 AM
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Re: Let's watch the Dow...
Day by day changes are irrelevant as an indicator of the real economic situation.
Anonymous Coward
User ID: 357549
United States
01/18/2008 10:31 AM
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Re: Let's watch the Dow...
Did Duncan Koonz FINALLY admit that all is not right with the world??????????? Even the ALLMIGHTY BOEING is being affected...their stock is bullshit and their books are cooked MORE than all the other companies combined.They signed contracts with buyers years ago for a set price,now they have to deliver the planes and are going to be paid in DEVALUED dollars which will hit their bottom line hard...doesn't matter though,they will just fudge the numbers and the Government will just give them more no bid contracts!!!!
-=JezaBella=-

User ID: 310964
United States
01/18/2008 10:36 AM
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Re: Let's watch the Dow...
I know many people are concerned about the stock market and will be watching the numbers.
Thought I would start a thread for all those who are interested in keeping up with what happens today.


Would not watching the tele or perhaps the market channels be a wee bit faster to get the hubbub.

Some of us still have jobs and do not have access to a tv. I appreciate hearing what some people here have to say about all this, too. We've been getting a dozen or more threads every morning about what the dow is doing - I thought a preemptive thread might consolidate some of that.
 Quoting: 2XSecretAgent



Thank you Agent.
"Be who you are and say what you feel because those who mind don't matter and those who matter don't mind."
~ Dr. Seuss
Duncan Kunz

User ID: 8107
United States
01/18/2008 10:37 AM
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Re: Let's watch the Dow...
Well, the consumer index is up which is a bit of a pleasant surprise.

Also, our beloved Decider-in-Chief is going to address the nation today to talk about the "principles" of the economic stimulus approach, which could well be the Magic $800 we've been hearing about. It's at 11:50 EST. Here's the alert from my old home-town newspaper:

President Bush plans to announce "principles" of economic stimulus package at 11:50 a.m. ET. To view live streaming video of this event on the Web, go to [link to www.washingtonpost.com]
Where's the EVIDENCE, Jim?
Duncan Kunz

User ID: 8107
United States
01/18/2008 10:41 AM
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Re: Let's watch the Dow...
Did Duncan Koonz FINALLY admit that all is not right with the world??????????? Even the ALLMIGHTY BOEING is being affected...their stock is bullshit and their books are cooked MORE than all the other companies combined.
 Quoting: Anonymous Coward 357549


Gee, it's always great to get additional information from a knowledgeable, well-read, and educated financial analyst such as good old Professor Anonymous Coward 357549.

I got a good piece of my "bullshit" stock when it was around $25 or so. You stick to dumpster diving; I'll stick to stocks and real estate, and we'll both be quite content, I'm sure, with how our finances turn out.
Where's the EVIDENCE, Jim?
Anonymous Coward
User ID: 357560
Belgium
01/18/2008 10:45 AM
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Re: Let's watch the Dow...
Dow going down down down
Anonymous Coward
User ID: 357560
Belgium
01/18/2008 10:46 AM
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Re: Let's watch the Dow...
I got a good piece of my "bullshit" stock when it was around $25 or so.
 Quoting: Duncan Kunz


$25 was probably worth more then, than your $79 today!
Anonymous Coward
User ID: 357563
Italy
01/18/2008 10:47 AM
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Re: Let's watch the Dow...
Dow going down down down
 Quoting: Anonymous Coward 357560


Dow going up up up NOW
Anonymous Coward
User ID: 357560
Belgium
01/18/2008 10:53 AM
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Re: Let's watch the Dow...
Looks like European markets don't have much trust in the rebound ... their markets are down.
Anonymous Coward
User ID: 2901
United States
01/18/2008 10:57 AM
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Re: Let's watch the Dow...
Dow is up all you doomsayers are WRONG again. LOL all this mumbo jumbo abotu stocking up on food. Y'all have no clue really, no one really does. The market wont hit 10,000 again thats for sure, thats just a dumb prediction.
2XSecretAgent (OP)

User ID: 134741
United States
01/18/2008 11:00 AM
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Re: Let's watch the Dow...
Dow is up all you doomsayers are WRONG again. LOL all this mumbo jumbo abotu stocking up on food. Y'all have no clue really, no one really does. The market wont hit 10,000 again thats for sure, thats just a dumb prediction.
 Quoting: Anonymous Coward 2901

+78 now when it was up 167 at one point, after a 300 pt drop yesterday.

I wouldn't look at that +78 with a lot of confidence. +77 now...
Let's agree to respect each others views, no matter how wrong yours may be.
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There are no stupid questions, but there are a LOT of inquisitive idiots.
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Contact: GLP2XSA@hotmail.com
timmeister

User ID: 357555
United States
01/18/2008 11:04 AM
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Re: Let's watch the Dow...
Dow is up all you doomsayers are WRONG again. LOL all this mumbo jumbo abotu stocking up on food. Y'all have no clue really, no one really does. The market wont hit 10,000 again thats for sure, thats just a dumb prediction.
 Quoting: Anonymous Coward 2901


How do you know the Dow won't hit 10,000 again? Donald Trump was on TV last night saying that we are in a recession, which I believe.

The Dow lost over 300 points yesterday, and is currently only at +68.61 which makes it still down from Fridays close.

As of 10:57 AM EST:

Dow Jones Industrial Average
12,227.82 +68.61 / +0.56%

Jan 18 10:57am ET †
Open: 12,159.94
High (day): 12,341.54
Low (day): 12,159.94
YTD%Change: -7.82%
Volume: 170,142,557.00
Prev. Close: 12,159.21
52-Week Range (Low - High): 11,939.61 - 14,198.10
Anonymous Coward
User ID: 4136
United States
01/18/2008 11:07 AM
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Re: Let's watch the Dow...
-350 to -400 at the end of the day
Anonymous Coward
User ID: 357563
Italy
01/18/2008 11:08 AM
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Re: Let's watch the Dow...
-350 to -400 at the end of the day
 Quoting: Anonymous Coward 4136


lol
Anonymous Coward
User ID: 357573
Italy
01/18/2008 11:09 AM
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Re: Let's watch the Dow...
Plese, notice the slope of the DOW. Is edantical to yesterday session.
Maybe dow -250 at the end of the day
Anonymous Coward
User ID: 357577
United States
01/18/2008 11:13 AM
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Re: Let's watch the Dow...
[link to www.jsmineset.com]

Could be a big drop today
Anonymous Coward
User ID: 52170
United States
01/18/2008 11:15 AM
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Re: Let's watch the Dow...
Boeing is unchanged, but has gone from 107 in September to about 79 now. If you owned about two thousand shares, which might be typical for a long-term employee with a 401(k), it means you lost about $56,000 over the past 4 months. Add to that a hit of maybe $30-50 thousand on the value of your home, and if you were within a year of retirement, you might be changing your plans.

I'm planning on retiring in about three or four years. If the stock and the home values don't go back up in that time, I will be p*ssed (and poor).
 Quoting: Duncan Kunz


Do most people have their 401K in Boeing stock? Wouldn't they have it in a diversified fund?
Anonymous Coward
User ID: 357573
Italy
01/18/2008 11:16 AM
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Re: Let's watch the Dow...
Maybe a 0.50%-0.75% rate cut?
Anonymous Coward
User ID: 260371
United States
01/18/2008 11:16 AM
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Re: Let's watch the Dow...
DJIA going RED
LS

User ID: 64943
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01/18/2008 11:16 AM
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Re: Let's watch the Dow...
going down again...
up only 6

[link to www.cnbc.com]
2XSecretAgent (OP)

User ID: 134741
United States
01/18/2008 11:16 AM
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Re: Let's watch the Dow...
Currently 12,191.32 - +32.11

before it posted, dow dropped 20 pt.s


12,171.40 - +12.19
Let's agree to respect each others views, no matter how wrong yours may be.
-------
There are no stupid questions, but there are a LOT of inquisitive idiots.
-------

Contact: GLP2XSA@hotmail.com

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