Wednesday, October 08, 2008
Bear survey: How low the Dow?
In the great tradition of Louis Rukeyser (without whom this blog would not exist), it is time for predictions that cannot be altered. In the comments, predict the month in which the Dow Jones Industrial Average bottoms (e.g., February 2009), and the level at which it bottoms (e.g., 8500). My guess: March 2009, 6800.
Note that I have no special knowledge, and am worse than a dartboard at forecasting these things.
Impale your stake in the comments section.
18 Comments:
By 
, at
Wed Oct 08, 05:59:00 PM:
Obama wins the election. The worst fears of Wall Street affirmed, the Dow steadily drops throughout the course of his presidency. How far depends on the extent and depth of his infallibility. I'll venture to say that's worth an additional negative five thousand points.
4,250 October 2012
By 
Purple Avenger, at
Wed Oct 08, 06:26:00 PM:
An Obama win is being preloaded into the market right now. Bottom between 6-7000
By Larry Sheldon, at
Wed Oct 08, 07:42:00 PM:
Obama wins, takes office in January.
a day later the LSM starts reporting the good economic news and ignores or explains away as leftovers of the Bush years all the bad news.
So the market bottom will be Inauguration-plus-one-business-day, probably around 6000.
By , at
Wed Oct 08, 08:02:00 PM:
By , at
Wed Oct 08, 08:03:00 PM:
Larry, you got that right. Instead of all the good economic news having that big "but" after it, telling us that it's not really good news, once Obama is elected, bad news will now have a "but" after it, telling us it's really good news.
Anyway, bottom at 8100 in November.
By Escort81, at
Wed Oct 08, 09:17:00 PM:
Sirius - you are falling into the old school conventional wisdom that Wall Street is a Republican bastion. Look up (on opensecrets, for example) how much money the employees of Wall Street firms gave to Obama vs. McCain. Hint: many are NYC residents.
I like Larry's timing.
I'll say Monday, January 19, 2009, Dow close of 6,969 (69 has always been a special number for me). It goes up from there following Obama's investiture, er, inauguration.
Why wouldn't this blog exist without Louis Rukeyser? Did the TH father invest using gems of wisdom from the old Wall Street Week show on PBS?
By Who Struck John, at
Wed Oct 08, 09:45:00 PM:
November, 2011. Dow 2600, S&P 275. If you are expecting a panic, never expect a small panic.
By , at
Wed Oct 08, 11:09:00 PM:
Wall Street loves the Dems for allowing and encouraging them to raid every pork barrel without scrutiny, until the barrel explodes. Then they have to live on their stolen goods. Nice job Paulson and Frank. Unfortunate for those paying their fixed rate mortgage or owning retirement securities.
By Georg Felis, at
Wed Oct 08, 11:24:00 PM:
Betting on bottom in January (November Republican retirees dump stocks, December the press can't help but bewail the Oncoming Disastrous Christmas Holiday, January the Crowning of the King becomes the news headline of the day and investors get out of the MSM fueled panic mode they have been running) Probably 8000 or so.
By , at
Wed Oct 08, 11:26:00 PM:
Obama takes the controls, MSM forgets the Market, headlines, Mrs. Messiah and the new decor in the white house, reparations tops list of stimulus package for America, bottom May 08 6600
By stylecounciler, at
Wed Oct 08, 11:31:00 PM:
While everyone focuses the blame on the asset swap, 'err, Bailout, the real reason the markets continue tanking is the markets anticipate a Barry H. Obama White House, and a Demo House and Senate.
DJIA 7559, November 1st, 2008.
By Pax Federatica, at
Thu Oct 09, 02:11:00 AM:
TOMORROW! Both indices drop to ZERO!!!11!!1!!!!111!!!!OMG!OMG!!OMG!!!
Just kidding. ;) My "real" prediction is November 3, 2008 at 6400.
Seriously though, what would happen if the DJIA really did drop to absolute zero? Is it possible for the DJIA to go negative?
By CMT, at
Thu Oct 09, 09:16:00 AM:
I am an optimist at heart so I envision a steady, (but slowing) downward saw tooth to continue through May 2009, bottoming with only another 10-12% getting flushed out... final number 8000.
Just wait til all those refund checks start getting spent!
By , at
Thu Oct 09, 12:24:00 PM:
The bailout will eventually constrain the fall but over the longterm will serve to constrain the recovery as well. I expect to see a bottom between 7500 and 8000 sometime in Dec. However, don't look for a Bull Market for 3 - 6 years later, depending on how quickly socialist tendencies are seen for what they are and conservatives (hopefully real conservatives - not republicans) take back the Congress. Remember how fiscally conservative the Clinton administration became after 1994.
By , at
Thu Oct 09, 10:01:00 PM:
By , at
Fri Oct 10, 08:41:00 AM:
You poor, helpless, fools, no one here can know the bottom because no one knows what day I'll fold under the pressure and decide to dump my stocks.
The day I dump my stocks, they'll go straight up.
I am in control. You are powerless.
By , at
Tue Nov 11, 03:47:00 PM:
It will go up from today 11/11/2008 as the market is the market and operates in its own time. Phil
By , at
Sat Mar 07, 10:30:00 PM:
tigerhawk,
All all I can say is DUDE!!!...LOL.
March 6 2009....6,626.
http://www.google.com/finance?q=INDEXDJX:.DJI
Orange Juice futures could be your next calling ;-)
Keep up the good work.
Regards,
nmewn
