When will it (the market) bottom out?

[Taverner]

Poll question: When will it (the market) bottom out?

Will it be 6,000?

5,000?

Will it bottom out?

[Deja Q]

1. One of those choices sounds dirty.

I'm hip! :evilgrin:

[dweller]

12. and you voted for it, didn't you ?

so did i

:D

dp

[begin_within]

2. Do those numbers indicate the year?

[Taverner]

3. Doesn't matter - if the market ever dips below 2000, we're all fucked anyway

[tangent90]

4. Hey, only a few millennia to go!

:silly:

[ret5hd]

5. I'll go on record...I was the 1st vote for 3000.

(none of that anonymous mamby pamby stuff for me)

[Sanity Claws]

6. Your poll lists numbers, not dates

I don't think this downslide will end anytime soon. It seems that the economy is undergoing severe and rapid changes. Some stocks that now go into the Dow Jones average won't be part of it in two years or maybe less.

[Taverner]

7. So you are saying the market will continue to shrink?

Not sure that's the case - especially with our guys in charge

[Sanity Claws]

10. Yes

I think our guys will do the best job possible but our economic model was based on smoke and mirrors and was totally unsustainable. A lot of restructuring is taking place and will continue to take place for the next several years. A lot of the really large corporations are being hit.
The good part of large corporations getting socked is that smaller companies can get a foothold.
Just my two cents.

[Taverner]

13. Tell you what - lets make a friendly wager over this

Let's take $5 of adjusted cash. That means whatever $5 is worth to us today, it will match to that. If we are all out in the streets, and terminal deflation has occurred, I'll owe you fivepence :)

If the market keeps crashing like this, you win.

If the market eventually finds a hold and just stays there for years, I win.

Or something like that...

[Sanity Claws]

19. You misunderstood my post

I never said we would be all out in the streets and terminal deflation will occur. I think the economy is in flux and will remain in flux for several years.
I don't think the Dow Jones Industrial Average, the number you are looking at, is the only measure of an economy's health.

[Kip Humphrey]

8. I've been predicting 3640 for 2 years now.

[Mike 03]

9. I've given up trying to predict anything. All I care about right now is remaining at least 80% in

cash, with the remainder in a very few selected stocks.

Fear has over-taken logic at this point.

[wtbymark]

11. at 3000 it's only a 15 year correction

if you believe, as I do, that this country hasn't created any real wealth since Ronny boy's tax cuts, well the dow was at 1200 then. Get rid of Ronny's tax cuts, wait a year, and the true value of the market will be around 3000. Keep hoping that we can make all that bad paper work out? It will be worth zero.

[Warpy]

14. I think the true worth is somewhere in the 4000 ballpark

but the market could easily crater under 1000 before confidence is restored by a host of new regulations and the SEC is turned into something besides an old boy's club, nudging and winking at all the massive scammers out there as long as they send in their paperwork.

[zagging]

15. If you knew that, you'd already be a kajillionaire.

Are we kajillionaires yet?

[Taverner]

17. How much more is a Kajillon over a Brazillion?

[zagging]

21. If I remember my math, it's the cube root of one reptilion / f(x).

[SoCalDem]

16. Black Monday 1987

We have basically "gained" little since then..pay has been stagnant..prices outpaced wages.. unemployment figures have been "cooked" since then..

"Wealth & security" have come with the swipe of a credit card and a glance at phony numbers on 401-k statements..

I think this is where we are headed...again:

Geee.... who was president then?..all gains since then have been PHONY...

[depakid]

18. When people start gaining confidence that the banks have stabilized

and that there are numerous well valued companies with sustainable business plans out there that pay a LOT more in dividends alone than they can get from other safe investments.

[roamer65]

20. I am in the Roubini camp.

Another 20% to go.

[notesdev]

22. When people start telling the truth

so don't hold your breath