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SPDR Dow Jones Industrial Average ETF Message Board

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  • lhr0813 lhr0813 Nov 19, 2008 5:13 PM Flag

    Will Dow 8K Hold or will it go to 6k?

    I'm going to go out on a limb here and say what I feel to be true - though it sounds crazy.

    My prediction is that every common stock in the stock market will be trading at $1 or less if the Federal Reserve or Treasury doesn't step in and start buying stock in the open market.

    Because, really, who else in his right mind would buy stocks right now?
    Who cares how undervalued stocks are if they will still go down 40% or more within three weeks of you buying them? Even Warren Buffett has been proven wrong.

    Somebody with REALLY deep pockets needs to start buying and keep buying to stabilize things. Otherwise, ordinary people won't buy stocks again - for at least a generation.

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