will the DJ drop below 10,000 today?

[nostamj]

following two weeks of decline... the morning is in free-fall so far.

p.s. I know these things happen, it just looks very bad for the insipid chimps constant chattering about the 'great' economy

[still_one]

1. it is more than that

the international events have also created quite a bit of uncertainty which is not good for the market

[swag]

4. Looks like the S&P 500 is getting back into "fair value" range

Falling market: good for long-term investors, bad for White House incumbent.

Several recent studies have demonstrated conclusively that stocks do better under Democratic administrations. Something streeters, blinded by their precious little tax-cuts, always neglect to consider.

[jenk]

2. maybe not today, but sometime during the week it will

remember drudge going crazy when the dow hit 10,000. "bush bump" :eyes:

[Misinformed01]

3. I hope it does

And I don't give a damn what anyone thinks of my "snotty" attitude either---the Wallstreeters and bankers that think the economy=NYSE need a wake up call.

[jenk]

6. for bush the stock market rebound was going to be a big talking point

now that's about to be taken off the table

[librechik]

5. Well, it couldn;t have anything to do with the Clarke book/intv

on 60 minutes. Condi said the charges are absurd!


(notice, she didn't say "untrue")

[AlCzervik]

7. wall street jitters

One big danger sign for wall street that almost no one is reporting is the fact that ceo's and other big wigs are selling off huge amounts of stock, i read a report of late that said selling by corporate big wigs is at a 22 year high. The other whoafully unreported danger sign is all the buying done on margin. If margins begin to get called on think 1929. I dont mean to be a downer but those are the facts.

[Warpy]

8. Bushco will come to the rescue

...and find some funny money to pour into it to make it close a whisker above 10,000. Their whole economic "success" hinges on maintaining the Dow at the inflated level it achieved during the Clinton years. They can't afford to let it drop, not now. That would mean their economic policy is 100% failure.

[HydroAddict]

9. Well, I took a short position Fri afternoon...

And I just closed it. Very handsome profit, I must say. :)

[Misinformed01]

11. Good for you

now hopefully you will have the manners not to brag about it on a public board where so many members have been laid off, and are losing their unemployment benefits.

[HydroAddict]

13. Geezey weezey Misinformed...

I've been out of work for awhile now myself (12 months). Just trading on the side. I meant no disrespect to anyone.

I was just answering the original posters question as to whether I thought markets were going south. And I was correct (pretty rare occurrence).

[Misinformed01]

14. Sorry, didn't mean to sound snippy

I hope you understand that it just kills me to see people on this forum talk about their money when the threads about using food banks are breaking my heart.

Good luck on finding a job if you are currently looking. It's so hard for so many people right now.

[JCMach1]

15. Precisely, I am only able to save, invest

and donate to political campaigns because I have a wonderful job in a boom economy (not the U.S).

[HydroAddict]

18. No offense taken Misinformed.

I understand completely.

My unemployed (for 9 months) SO did manage to find an interesting job recently teaching pre-schoolers how to use computers. Doesn't pay much, but she does enjoy it.

If your job hunting too, I sincerely hope you find work soon.

[JCMach1]

12. Smart move... even my oil stock is down some this morning

a small clean company BTW :)

[JCMach1]

10. Yikes, I am getting hit in the portfolio this morning

:(

Just checked...

[MichaelUK]

16. Cool

Hey, anyone in the UK - Shop til you dropm time in New York. Is the dollar getting hit hard or what?

And Bush says "the economy will grow". Pffftt.

[ProfessorGAC]

17. Correction Is In Order

The market is inflated, again! The speculative aspect of the market drove up prices in the 2nd half of 2003, based upon the questionable reporting of economic data. (Or, the reporting of questionable economic data. Depends upon whom you blame, the economists or the reporters.)

Expecting a TRUE uptick in economic growth and a surge in consumption, profit projections looked rosy, especially since cost cutting (read layoffs) would increase margins before employment costs went up. Since the numbers turned out to be questionable, and then provably wrong, the expected income growth is not materializing, meaning the market speculators drove the indices past their equilibrium. Eventually it needs to be corrected. Maybe that correction is occurring right now.
The Professor

[shimmergal]

19. Hopefully not till after March 31.

That's when they figure the next year's monthly payments for my pension plan, based on the stock holdings' market values as of that date.

Sorry to sound selfish, but I'm definitely not a rich investor. I use this money for living expenses, and it's gone down over 1/3 of its value since Bush* took office. Since health problems (not to mention the bad economy) have precluded me finding another job in the past year and a half, it's pretty important.

After the end of March ... well I don't want to see any other little people hurt, but hopefully any drastic declines will turn around once we get a Kerry administration.