PDA

View Full Version : When will the DOW go under 10K?



Original_Intent
09-17-2008, 07:05 PM
Take your best bet.

Also any guesses on how low the DOW will get before year end - not even an educated guess since it all depends on what the bankers decide - but let's wee what you think.

Personally I say it breaks 10K this month.

I will go with this is a true SHTF scenario and the DOW hits 6K before year end.
Austin
09-17-2008, 07:07 PM
Where and when will gold and the DOW meet?
Bruno
09-17-2008, 07:11 PM
Where and when will gold and the DOW meet?

Well, with gold just under $1000, and with the DOW just over 10,000, if they ever do meet, I would think around $5000 would make sense. The dollar and the U.S economy would have to drop quite a bit and they would both counterbalance each other.

I believe this was Schiff's prediction, anyway. I might be mistaken.
Austin
09-17-2008, 07:22 PM
Well, with gold just under $1000, and with the DOW just over 10,000, if they ever do meet, I would think around $5000 would make sense. The dollar and the U.S economy would have to drop quite a bit and they would both counterbalance each other.

I believe this was Schiff's prediction, anyway. I might be mistaken.

Yeah, that's why I asked. :D
noxagol
09-17-2008, 08:05 PM
I think it will go under 10k tomorrow.
Bruno
09-17-2008, 08:36 PM
Yeah, that's why I asked. :D

If that happens, only those holding precious metals come out ahead. Our economy would be in the crapper.


I think it will go under 10k tomorrow.

Probably. And isn't it really just catching up with inflation?
noxagol
09-17-2008, 08:59 PM
If that happens, only those holding precious metals come out ahead. Our economy would be in the crapper.



Probably. And isn't it really just catching up with inflation?

No, it's catching up with market forces. Catching up with inflation would have it going up since each point would be worth more dollars since dollars are worth less (and worthless).
Dorfsmith
09-17-2008, 09:37 PM
When was the last time it went below 10,000?
misericordia
09-17-2008, 09:51 PM
I don't know but I hope you're right Bruno.
Rangeley
09-17-2008, 10:13 PM
When was the last time it went below 10,000?
It looks like October 26th, 2004 was the last day it closed below 10k.
Mark
09-17-2008, 10:43 PM
I've heard the end of the U.S. Fiscal Year on Sept 30th could be disastrous.
I picked this friday on the poll but the end of the month could be mad bad.
kombayn
09-17-2008, 11:06 PM
I give it by the end of the year, no later. The question should be, will it go under 5K? That's when the signs are clear, we're in a depression.
Original_Intent
09-17-2008, 11:10 PM
I was going to post another poll, saying how low will the DOW get this year, but people that go poll-crazy annoy me so I didn't, I just posited the question.
Micah Dardar
09-17-2008, 11:46 PM
today
Original_Intent
10-06-2008, 12:30 PM
Thought I would resurrect this poll seeing as it became pertinent today.

Those who said before the end of the month (September) were close, but those who said before the end of the year were correct.
mediahasyou
10-06-2008, 12:36 PM
shit.
enjerth
10-06-2008, 03:41 PM
Thought I would resurrect this poll seeing as it became pertinent today.

Those who said before the end of the month (September) were close, but those who said before the end of the year were correct.

What do I win?
Knightskye
10-06-2008, 04:07 PM
It just did. Too bad for the poll. :D
Original_Intent
10-06-2008, 04:39 PM
It just did. Too bad for the poll. :D

The poll was posted several weeks ago. ;)