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SPDR Dow Jones Industrial Average Message Board

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  • chefster68 chefster68 Nov 3, 2008 2:06 PM Flag

    Here's why DOW will hit 5000-6000 level

    Hey Bigbucks.....what say you?

    Any market predictions post election?

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    • dow 5000-6000 is not off the table. extremely unlikely imho, 1 out of 25 chance. however, if it reaches that i will borrow and rob to buy buy buy buy buy!!! if you look at the 1929 depression i believe the overall market went down 66% over 3-4 years. that would put the dow at 4700. if you aren't highly leveraged every major sell off is a buying opportunity. just don't put yourself in a position where you are forced to sell at the lows. and if it goes to zero, who cares, that would mean the world is near an end or the USA is no more. face it, everybody would be in the same boat: poor. i think dow 10,000 is a great selling opportunity. the volititlity is what will make the trader rich through these uncertain times. you don't even need to be that skilled. just find ranges. buy near the bottom, and wait to sell near the top.

      DO NOT USE STOP LOSS ORDERS. KEEP THE FAITH. WAIT TO SELL HIGHER, EVEN IF YOUR'RE DOWN SIGNIFICANTLY FROM WHERE YOU BOUGHT. LET ONLY BANKRUPTCIES SETTLE THE SCORE. DO NOT WILLINGLY GIVE AWAY YOUR SHARES FOR A HUGE LOSS. THE ART OF THIS MARKET IS THE WAITING. PUKE IF YOU MUST, BUT DON'T CLICK SELL!!!

      the story i keep hearing is how people cashed out their entire 401k's at 8000. not that things have stabalized they want back in at 9500. wow, you simply couldn't teach stupid this efficiently. 1500 point loss and a major tax penalty!!! i fear if it were to go back down they would get out again at 7500. you got to love free markets.

      • 2 Replies to slyfoxx7
      • This person knows what he/she is doing. I agree with them. Who cares if Dow hits 6000? I'm going long over 9000 and if it drops to 6000, guess what? I'll hold what I have and buy more. Sell? No way! Dow goes to 10k by Christmas. Sell at 10k and invest in oil and wait until Summer. Have a good vacation compliments of me.

        Dow goes to 9700 on Obama victory=quick and easy cha-ching.

      • where will all the money go, if not in stocks. bonds suck, money markets suck, commodities are getting attractive at these prices but still suck. if bonds were even a little bit stronger, the markets would plunge. however, everybody's hand is forced to be in stocks. therefore we won't get a major sell off.

        i truly believe commodities are setting up for a takeoff. money is expanding and production is contracting. commodities always soak up the excess. foreign investments might be a good place but many are suffering worse than us. the decoupling theory is blowing up. give it a bit more time and the world economy will not be dependent on us, but for now, we are very much connected.

 
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