Any predictions for the dow today?

It was sad so sad
It was sad so sad
It was sad when the great ship went down
to the bottom of the.......
Husbands and wives, little children lost lives
It was sad when the great ship went down

Another day of deck chair arrangement as we take on water
but the music is nice and it's a clear night

.

My analysis is based purely on the pictures/faces on bloomberg.com. Some days they are smiling. Some days you can see the fear or greed in their eyes. Some days they look like deer caught in the headlights.

Today they look slightly fearful, but more confused that anything. How your dog might look at you if you tried to explain quantum physics to him. If they had little conversation bubbles over their heads, they'd be saying, "I don't get it. Keynes was wrong?"

peace patriots*)

"(Better) to be confused in the search for truth than fully confident and sound asleep in a dream of lies." ~ Michael Nystrom
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/579

I predict that the DOW will drop below 7000 but will close between 7000 and 7100.

But I really think the DOW will be at 5000 by the summer.

Good time to invest? In what- the stock market?! What a joke.

Invest in yourself and your needs. Keep your money close.

I bet it somehow makes its way back positive today. Maybe +75 ish.

This stuff is written for a dumbed down Joe-investor-type. What a crock!

Stocks open mostly higher as governments boost help for struggling banking industry
Thursday February 26, 2009, 10:11 am EST
NEW YORK (AP) -- Wall Street set aside some of its worries about the financial system as governments stepped up efforts to help struggling banks.

http://finance.yahoo.com/news/Wall-Street-mostly-rise-as-apf...

I put a stop on gold to sell at 930, and it sold today. I am afraid gold will go down to 600s as there is a rally coming. It wont be a long term rally.

Nothing goes straight down.

Stocks have been due for a bear market rally. Market sentiment had reached record lows. Recall that there were some big rallies during the other Great Depression.

Conversely, gold and silver bullish sentiment reached record highs last week, even higher than before the March selloff. The GLD ETF reports having record amounts of gold, which means sentiment among ETF buyers has been more bullish than on the metal exchanges.

I exited 2/3rds of my short positions yesterday at the close. I closed the rest fairly early today. I still got hit though, because I did not hedge my precious metals and miners.

It's been an extremely good run lately. Maybe time for a breather.

Maybe not today but overall:

1. Dow will go down to 5000 or less
2. S&P to 500
3. Nasdaq to 900

* Corporate bankruptcies: A chain reaction of Chapter 11 filings or federal takeovers, including not only General Motors and Chrysler, but also Ann Taylor, Best Buy, Jet Blue, Macy's, Saks Fifth Avenue, Sears, Toys "R" Us, U.S. Airways and even giants like Ford or General Electric.

* Megabank failures: Bankruptcies or nationalization not only of Citigroup and Bank of America, but also JPMorgan Chase and HSBC.

* Nationwide epidemic of small and medium-sized bank failures: Outright FDIC takeovers, with little prospect of nationalization.

* Insurance failures: State takeovers of companies like Ambac Assurance, Bankers Life and Casualty, Conseco, FGIC, Medical Liability Mutual, Mortgage Guaranty Insurance, Nuclear Electric Insurance, PMI Mortgage, Standard Life of Indiana and many others. (Our free guide also contains a more extensive list of insurers.)

* Cities and states: An epidemic of defaults by thousands of cities, states and other issuers of tax-exempt municipal bonds.

* Stock market shutdowns: Trading halts on major, big-cap stocks ... plus on-again, off-again exchange shutdowns, making it increasingly difficult for investors to liquidate their holdings at any price.

* Credit market deep freeze: A virtual shutdown in all debt markets except U.S. Treasuries. An avalanche of selling — and virtually no buyers — for corporate bonds, commercial paper, asset-backed securities, municipal bonds and all forms of bank loans.

* Government bond collapse: A steep decline in the price of medium-and long-term government securities, as the U.S. Treasury bids aggressively for scarce funds to finance a ballooning budget deficit.

Shocking? Perhaps. Avoidable? No.

Detective Krum Investigates:
http://victory1project.wordpress.com/
http://v1-p.com/

It will fall, but less than 100 I think.

No idea what the final number will be, but the bottom should be at a place where a person can make an income from the companies' returns. How can you pay $100 a share for stock with dividend of $0.03 per quarter? That is just what has been happening. The market needs to drop until it once again becomes a solid value, not just a speculative value. In that respect, it's not much different from the way people bought houses, not for the value, but thinking they could flip them at a profit in a couple of years.

This nation has been living in a dream world. Time to wake up!

Pat

BOHICA!!