DOW Jones -2000 in next 10 days?

Discussion in 'Wall St. News' started by talknet, Jan 23, 2009.

Will DOW Jones fall -2000 in next 10 days?

  1. Yes

    5 vote(s)
  2. No

    9 vote(s)
  1. talknet


    DOW fell -325 on USA president Inauguaration day.

    Yesterday Dow fell -125.

    Today DOW is -200 now.

    BBC sources say Microsoft, AT&T, Intel, Motorola will be cutting jobs.

    Falling giant banks & giant companies" are indicators of approaching massive financial catastrophe which is further loss of $1200 Trillion to the world economy

    Too bad there is $1,400 Trillion of wealth left to evaporate and will probably only be about $200 Trillion at current values left when all is said and done.

    The deflationary credit contraction begins.

    Germany has predicted that its economy will shrink by 2.25% in 2009, which would be its worst performance in the post-World War II era.

    The downgraded forecast is much lower than the previous prediction of 0.2% growth, made in October. Germany's economy accounts for about a third of eurozone output. Germany is a export power-house for heavy industrial machinery. This means worldwide giant industries are shutting down

    Goldman Sachs says "0% Interest rate is too high. A new analysis by Goldman Sachs (GS) concludes that the Federal Reserve's cut in the federal funds rate to a record low of zero to 0.25% on Dec. 16 isn't going to be nearly enough to get the economy going again. The report says the Fed would need to reduce the federal funds rate to negative 6% by the end of 2010 to supply the needed amount of monetary stimulus.

    The problem: It's literally impossible to cut interest rates below zero. As a result, "we are entering a world with interest rates that are far too high for the economy's good," Goldman Chief U.S. Economist Jan Hatzius wrote in a Jan. 16 research note.

    All this means is that printing money is inevitable with all the consequences that brings. Once the USA and UK does it by the spring or summer the Dollar and Pound will be worth about the same as a baked bean and the country bankrupt.

    Now the Poll question -: Will DOW fall -2000 in next 10 days because Obama & his team are dancing and having "party time" and making childish decision such as "pay freeze for senior white house staff".
  2. The Dow will be higher in ten days than it is now.
  3. Will almost certainly end today in the black.
  4. tardes


    The market has shown a strong resistance at the 8000 level. We will finish the day at around 8000 or above
  5. You mean strong support?
  6. tardes


  7. MachM


    Today DOW Jones will close -350
  8. S2007S


    Im bearish but a 2000 point drop in the next 10 days isnt going to happen. Give it less than a 0.5% chance.
  9. MachM


    End of the EURO. RIP...

    End of the UK RIP...

    End of the Dollar RIP...

    What does this mean?

    Steel and Mining are the basic indictors of economic growth.

    Yesterday Caterpillar declared 20,000 jobs cut. "Caterpillar" are the manufacturers are "30-feet high giant mining trucks" and other heavy & giant machinery. This means worldwide giant industries are shutting down.

    Mining industry is the base of all giant industries worldwide.

    Yesterday British biggest steel company Corus declared 3500 jobb cuts. Few days back Archelor-MIttal biggest steel company in world also declared 6000 to 10,000 job cuts.

    This means world economy is crashing rock bottom.