SPDR Dow Jones Industrial Average Message Board
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dow 4000 is my target
believe it!!!
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LMAO!!! You telling the dow where it's headed???? Look at the chart.... A close below 12,700, going to 12,000, next stop... Nothing goes straight down, up, only when feds are pumping..
- 1 Reply to inc6588
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Remember "flash crash"? I saw alot of things go straight down on my screen; but sat there like a rabbit in front of headlights. Homespun rules like "nothing goes straight up or down" don't always apply. It just takes alot of people thinking the same way, unexpected news or one crazy hacker.
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DJIA ~7000 maybe, but not 4000.
A little more than three years ago, on Armageddon Friday, 6Mar2009, the DJIA traded for roughly 21 times the trailing 52 week dividend (intra day low of $6,469.95 divided by $309.91).
The dividend hasn't grown much since (according to BARRON'S the T52W dividend as of 11May2012 was $330.43) but it is a little higher, so ~$7,000 seems about right.
The dividend should backstop the price.- 1 Reply to jad1148
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If it happens, it should be July when Banks are stopped from speculating. Good luck...it has nothing to do with logic.
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idiot
- 2 Replies to inc6588
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village idiot to be correct
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all stocks are overpriced scams. DOW 4000 is coming as the fraud comes out of the system.
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