I say no matter what bozo will inherit the WH - it is coming. A "Mother of a Bear Market". Typically while the dollar is falling the market will keep up and get propped up artificially (specially in an election year) but next year will be ugly, I am in 40% stocks and 50% cash with 10% fixed income. I am looking to sell any rally and get down to 25-30%... When the dollar bottoms the market usually sells off bigtime.
Next year?? Try as early as October or November.... There is no trust left in this market. There isnt any reason for it to move higher.... The long the bailout plan takes the lower the market goes, and if the market doesnt like the bailout plan 10k is coming EXTREMELY quick.
I agree with you on both points... that both candidates are bozos and that the DOW will sink under 10,000 soon. I would have voted for 7,000, but it wasn't an option.
well I never like to set a target on a move 'cause that is arrogant, I am looking to pick up some cheap stocks next year )later part....
i think a big drop to 10200 is imminent...today was just ugly...dont know if dow will go sub 10k but why would anyone invest in us stocks right now?For financials,retailers,staples?
Something to consider with the Dow, the companies that make up the index today is different than the companies when it first reached it in March 1999. 1999 Components: Alcoa Incorporated AlliedSignal Incorporated American Express Company AT&T Corporation Boeing Company Caterpillar Incorporated Chevron Citigroup Incorporated Coca-Cola Company Du Pont Eastman Kodak Company Exxon Corporation General Electric Company General Motors Corporation Goodyear Hewlett-Packard Company International Business Machines International Paper Company J.P. Morgan & Company Johnson & Johnson McDonaldâs Corporation Merck & Company, Inc. Minnesota Mining & Mfg Philip Morris Companies Inc. Procter & Gamble Company Sears Roebuck & Company Union Carbide United Technologies Corporation Wal-Mart Stores Incorporated Walt Disney Company 2008 Components: 3M Company Alcoa Incorporated American Express Company AT&T Incorporated Bank of America Corporation Boeing Corporation Caterpillar Incorporated Chevron Corporation Citigroup Incorporated Coca-Cola Company DuPont Exxon Mobil Corporation General Electric Company General Motors Corporation Hewlett-Packard Company Home Depot Incorporated Intel Corporation International Business Machines Johnson & Johnson J.P. Morgan Chase & Company Kraft Foods Inc. McDonaldâs Corporation Merck & Company, Incorporated Microsoft Corporation Pfizer Incorporated Procter & Gamble Company United Technologies Verizon Company Wal-Mart Stores Incorporated Walt Disney Company If we compare apples to apples then we need to calculate the average with the same companies as in 1999. I don't know the formula to do that but it would be interesting to see a chart of the same companies over this time frame.