it is three o'clock...how much worse will it get?

[ProdigalJunkMail]

with the economic indicators out and all looking bleak to downright abysmal, how bad will it get for the DOW and other indexes?

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

sP

[HereSince1628]

1. The worst it can do is go to zero. I don't expect it to go that far

at least I don't expect it to go that far today.

The economy has entered the "fish out of water phase." During this phase expect the market to flop all over the place, sometimes looking promising, often looking bad. This phase can be expected to either become the "dead fish" phase, at which time it will cease flopping around, or to enter the "can you believe it got away?" phase, where it begins to once again behave like a viable entity.

[amdezurik]

4. hell at this point zero would be GOOD

we are so in the negitive it seems hopeless

[HereSince1628]

7. The DOW cannot go below zero.

Stock value cannot go below zero. Zero is the ultimate bottom.

[amdezurik]

11. um, the DOW is a fiction

just like "dollars" are. at some point the DOW is irrelevant when there are no jobs and no manufacturing. keep in mind money is NOT wealth, and ours is backed by the "good faith" of the Bush family...

[HereSince1628]

12. The DOW is certainly an arbitrary construction...but it still cannot go below zero

It is nothing more than the sum of the prices of stocks composing the index. Stock prices cannot go below zero.

Do a google or a wiki search if you don't believe me.

[jakem]

17. if it gets to zero, IM BUYING!

[HereSince1628]

21. Me too. Opportunity for completely "undefined" earnings!!!

[Warpy]

2. I said last January the floor would probably be around 7000

and that we'd reach it by the time Stupid was out of office.

Now I think I was being optimistic.

Just like all the other panics in this country, this one will see us crash through the floor for a while before things start to recover.

The market will recover. Regulation will be re instituted, houses will be cleaned, the riskiest of the hedge funds will go under, and common sense will have a chance to trump ideology for a change.

A few of the more egregious thieves might even see prison.

[spanone]

3. down 498 now

edit -519

[Gman]

5. "Sell on the bell" will drive it down another 300 to about -800 for the day

not to worry, it will rebound +1000 tomorrow. The last time the market was this volatile was in 1932 or so.

Is it "buy on rumor, sell on news" or vice versa?

[ProdigalJunkMail]

6. the whole financial pic is very fuzzy

i was thinking down about 500...but looks like it will be much worse...

tomorrow should be fun as should every day between now and the time Bush leaves office...hopefully the pundits saying recovery will begin mid to late next year will be right...

sP

[Gman]

14. Missed it by -121

they were a little more optimistic than I thought they were.

[HowHasItComeToThis]

8. HAVE YOU ENJOYED THE REPUBLIBUBBLE

FREE MONEY FREE TRADE

[ProdigalJunkMail]

9. from a personal monetary standpoint

i would have to say 'yes' as i made a pretty good killing over the last few years...but i would gladly have never made a penny rather than see the chaos that is going on now and the hurt it is causing people...

sP

[GoesTo11]

16. from a personal monetary standpoint

I'm totally screwed. Been saving like mad and putting it in index funds like they say to do. Would have been better off sticking it in the mattress.

The whole life plan of study, work, save, invest, retire has failed.

Should've just gone with work, spend, have fun, die.

[fla nocount]

20. You can still die, it's never too late for that.

Only half way joking, I cashed out last April and the Rep. at Vanguard said that it was a smart idea...they knew even then that this was coming.

[GoesTo11]

22. I don't have the feel for these things

Didn't cash out obviously. Still haven't cashed out - because I figure if I do, that'll be just the wrong time (in fact, if anyone asks me about investment advice, I say do the opposite of what I do, but I can't figure out how to follow this advice). When would you get back in, if ever?

[fla nocount]

23. I've been unemployed since March, there was no feel involved...

simple necessity for a single Dad with too much house. As for getting back in, I guess one simply starts all over. If you've already lost your shirt you might as well ride it out and see if the monsters in the pantry choose to re-stock it so that they can raid it again...get out before they do. As someone who is behind on all debts, I'm no one to ask for advice though at 58 I've never wanted for necessities and the Universe has always been kind, it hates a void.

Peace my friend, give yourself a hug, we're all going to die. Seventy and happy with few regrets has been my Life Prayer since I was six years old, I didn't think of it, it's a family tradition from the last century and the century before, might be time to raise the bar.

There's still third world countries who appreciate wise old dudes from the West with a Social Security income. I would have to teach this old tongue some new tricks though.

[GoesTo11]

24. Good words. Thanks.

[ProdigalJunkMail]

25. i cashed out in June...

at least the bulk of my reserves...most now held in bonds and currencies and a couple of commodities (metals). I feel ok about the whole situation with OUR money...we can last for years and years on what we have. But, there are so many others out there that got killed in this...just plain caught off guard despite the numerous signs. i warned many of my friends and relatives that were holding most of their moneys in index funds and the like that it was time to shift...but only one listened.

given the situation, i will likely be expanding my current home (space wise) and taking in a couple of friends and relatives...

sP

[Greyhound]

10. I picked a bottom of about 4800. Accounting for inflation & devaluation of the dollar

combined with the excessively optimistic valuations that have become de rigueur since the "greed is good" Raygun phantasm.

[MineralMan]

13. I'm just glad

I don't have any money.

[earth mom]

15. Those fuckers did this to themselves. No pity here.

:nopity:

[Mike 03]

18. Which fuckers?

The pension plan investors? The retirement fund investors?

[earth mom]

19. Wall Street and the financial "geniuses" there.

:puke: