How lowww will they goooo?

[cska80]

Weeeeeeeeeeeeeeeeeee! The sweet slide into collapse and socialism!

[pacelli]

The DOW is only 30 companies right? Wouldn't the S&P 500 be a more accurate index?

[cska80]

The DOW is only 30 companies right? Wouldn't the S&P 500 be a more accurate index?

Haha. After being enlightened on many issues including economics for only 4 or so years, I still need to learn a great deal more about the markets and indexes. Is my poll possibly a poor choice of an index?

[torchbearer]

Statistics say that it takes a battered woman seven times (leaving) before she is gone for good.

[armstrong]

weeeeeeeeeee !!!!!!!!!

[ItsTime]

I say 450 but thats not a choice
And it is just a guess

[Rhys]

not poor choice.... but the media always cares about the DOW when it is indeed that S&P that matters. It's hard to guess what will happen because markets today like stupidity and the leverage makes the stupidity seem real.

[MelissaCato]

I dunno, but I'd say 700 is time to head outta the cities. That's just me though. :rolleyes:

[pacelli]

Haha. After being enlightened on many issues including economics for only 4 or so years, I still need to learn a great deal more about the markets and indexes. Is my poll possibly a poor choice of an index?

:D I honestly have no idea, I'm learning myself. Besides, with FauxNews (current headline, "Dad charged for leaving 11-year old son at McDonalds after fight"), who needs indexes at all? :eek:

Seriously though, I saw on Bloomberg this morning that while today the markets are going to get nailed, they were expecting a 20% rally by the end of the day. They were saying that Hurricane Ike spared U.S. refineries. Who knows, it all sounds like magical conjuration to me.

[parke]

scary times we are living in.

[Highland]

Hey guys...glass is half full...we will see an adjustment of the actual price of goods and services...just what Dr. Paul ordered! Praise the Lord!

[constituent]

Who knows, it all sounds like magical conjuration to me.

mass manipulation.

die Dow, die.

[Conza88]

I think it will rally, rise.

Shit is irrational these days. Everyone is loopy, and everything is upside down.

[Original_Intent]

Are we talking today only, this week, this month, this year?

I would be niehter suprised to see us hit 10K on the DOW, nor would I be suprised to see 14K. There is no question which direction it should go, but people are stupid.

[cska80]

Good call guys! The majority of us were correct, although I thought it'd be around 300.

[SeanEdwards]

Economic collapse is not something to celebrate.

[Malakai]

Final count is -504.48 or almost 5%.

Worst say since 9/12/01

[fr33domfightr]

Damage not as bad today due to Asian markets on holiday. Watch out on Tuesday!!


FF

[Indy4Chng]

The S&P 500 index is the best index... especially the way they weight the Dow makes it really weird. But the S&P also fell about 5% today (actually as a % more than the Dow). This is very fascinating.

I just closed my account at WAMU, stock to $2, ouch. I know it is FDIC insured but I didn't want to wait on the government for my insurance money.

[MelissaCato]

So like what's gonna happen to our 401K ?

[pacelli]

Damage not as bad today due to Asian markets on holiday. Watch out on Tuesday!!


FF

Ouch, didn't even realize they were closed.

[Rhys]

So like what's gonna happen to our 401K ?

Obama is going to tax them away with capitol gains tax. the fed is going to inflate away what Obama lets you keep. don't count on your 401k to be there.

[cska80]

Economic collapse is not something to celebrate.

It's more like trying to make light of a situation that surely should drive you to insanity.

[SeanEdwards]

So like what's gonna happen to our 401K ?

It's going to become a 200.5k

On the plus side: toxic cat food from China will probably continue to be an affordable meal option in your retirement.