Not bad of a year. The major indexes fall about 40%, with most of the selling occuring in brief spurts. The rebound will mirror the selloff. Dow should end next year at 13,000? Sounds feasible.
Silly trolling like this is why this board isn't what it could be. Apparently, the owners are more concerned with traffic whoring. Of course, the apologists will say he's just giving his opinion, but, this is something that can be quantified and compared to the average year.
Hey even John Carter's turned bullish, and last month he was looking for five hundred. Now he's looking for a multi month rally.
The most important econ indicators: unemployment, productivity, personal income, household debt, and consumer spending have only worsened very slightly.
profi traders don't care -- whatever, 13,000 or 300, and they love the moves in 100-500 points per day in either direction... for the rest of the survivors, among investors, these guys are converting to the new religion for them -- options (weapon of mass destruction, so to speak )
Another great day You cant stop this market, as I have said many many times b4. All bad news priced in, so therefore market can only go higher with no risk just like back in 2002-03. If you haven't figured that out yet, you're an idiot. wow the spy just pumped 30 cents higher.. this is nuts..we could open 2% higher I emphatically believe 2009 is gonna go down as one of the best years in wall street history. Nearly ALL the 2007-08 losses will be recovered. Kudlow is right. We're still in a Goldilocks economy of no inflation, and low unemployment. My only regret is being unable to buy more.