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20 minutes to the opening bidding on Wall Street, any speculations

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:13 AM
Original message
20 minutes to the opening bidding on Wall Street, any speculations
...on where the Dow will go and how it will end the day of trading? I've heard some say that another 600 points will be lost today and perhaps much much more. Here is a summary of yesterdays ending Dow:

Dow Jones Industrial Average
10,917.51 -504.48 / -4.42%

Sep 15
Open: 11,111.54
High (day): 11,352.21
Low (day): 10,849.85
YTD%Change: -17.70%
Volume: 418,767,400,000.00
Prev. Close: 11,421.99

http://money.cnn.com/data/markets/dow/

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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:15 AM
Response to Original message
1. Just one,,,,I don't expect trading to be halted early
We'll compare notes afte the closing bell. Got buttermilk? It's great for ulcers.
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WannaJumpMyScooter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:15 AM
Response to Original message
2. Lead Zepplin
Titanic?

Challanger?

And it is a tuesday
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:17 AM
Response to Original message
3. I don't know,
I think it will initially come out and fall off a cliff, down a couple of hundred. There's plenty of bad news out there, MS earnings, AIG collapse, etc. However I don't think that the PPT is going to allow another day of destruction like we saw yesterday. We might see a 150 pt uptick by the end of the day.

But the key isn't the daily variation, it is the long term direction the market is taking, and that's been nothing but down for the last year.
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Vickers Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:17 AM
Response to Original message
4. Well, I lost $5,000 in one of my 401Ks yesterday...
...nothing today will shock me.

:P
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ejpoeta Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:42 AM
Response to Reply #4
12. just take heart in the 'fundamentals'. and our strong economy
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liberalhistorian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:43 AM
Response to Reply #4
13. I don't even wanna look at
mine, or at my tiny Edward Jones account (and I DO mean tiny, lol!).
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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:18 AM
Response to Original message
5. Starts down, FED cuts 0.25%, market rebounds...
Edited on Tue Sep-16-08 08:19 AM by Junkdrawer
The crash AFTER the election becomes more profound...
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BlueJazz Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:21 AM
Response to Original message
6. "Ah..Sir?...There's a 4 ft hole in the starboard side of the Submarine.
"Well...I think we should just all go to McDonald's..."
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godai Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:24 AM
Response to Original message
7. Oil is down to $91 (down $4.71) n/t
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:32 AM
Response to Original message
8. First minute down 105 bases points
Dow Jones Industrial Average
10,812.15 -105.36 / -0.97%

Sep 16 9:30am ET †
Open: 10,889.67
High (day): 10,889.67
Low (day): 10,810.61
YTD%Change: -18.49%
Volume: 14,522,967.00
Prev. Close: 10,917.51

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:33 AM
Response to Reply #8
9. On refresh down 167 points
Dow Jones Industrial Average
10,749.79 -167.72 / -1.54%

Sep 16 9:31am ET †
Open: 10,889.67
High (day): 10,889.67
Low (day): 10,743.03
YTD%Change: -18.96%
Volume: 32,353,148.00
Prev. Close: 10,917.51

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RollWithIt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:37 AM
Response to Original message
10. Based on what the European markets did today, I'll go with a 2.5% loss....
Or somewhere close to 300.
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rug Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 08:39 AM
Response to Original message
11. -1800.
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