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Old 26-08-2010, 20:46   #1
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The US Stock Market ?

This may be the most OFF topic of off-topics, but I have been on this site for long enough to appreciate the intellect of a great number of our members. There are so many people here I wish I knew personally. QUESTION: What do you see happening to the Dow Jones in the next twelve months? Are we headed for 500? 1500? Step up to the plate and and give us your best guess...
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Old 26-08-2010, 20:59   #2
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Well this is going to provoke a feeding frenzy!

Buy.
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Old 26-08-2010, 21:09   #3
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Sell!
USA is broke, just like UK and most of Europe....
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Old 26-08-2010, 21:12   #4
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Not really.The members that really know are sworn to secrecy or too drunk to say so.
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Old 26-08-2010, 21:18   #5
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Old 26-08-2010, 21:40   #6
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Markets reflect all news, but news stories are often trotted out like usual suspects to interpret what has already happened in the market.

There are many reasons to sell: fear, cash needs, divorce, death, etc.

There is only one reason to buy: greed.

Money seeks the best return, but playing "follow the money" is a very tricky game.

I know this sounds simplistic, but the reason a market goes up is simply that there are more buyers than sellers, and vice versa.

The US stock market has seen a net outflow of funds month after month for 3 years - even during the rise last year. There is a pile of cash on the sidelines and eventually it will seek a higher return.

If you are looking for a barometer to help you with market timing, check your knuckles. Buy when they are white.
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Old 26-08-2010, 21:47   #7
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Cash is king!
As they say "The fear of missing out, is often greater than the fear of losing".
imo the chances of a double dip recession is real.
$800 billion bail-out/stimulus packages call it what you like....do nothing to solve the now entrenched problem of company's needing ever increasing profits.
If you have positions in profit, your doing better than most, & should consider taking it.
Im a complete layman on the financial markets, but its a very interesting subject.
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Old 26-08-2010, 22:40   #8
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It looks to me like we've still got some of the bubble left to deflate. People tend to buy as much house as they can afford (principal + interest). Given that interest rate has nowhere to go but up, that means principal will have to go down.

I hope I'm wrong though, cause I need to find a job soon.
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Old 26-08-2010, 22:43   #9
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DIVULGE

So, Dow Jones 500 or 1500 in 52 weeks? No winking and no secret handsakes alowed in all this...
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Old 26-08-2010, 23:00   #10
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Folks just a cautionary post here.

We aren't a financial forum. We do allow real estate market threads and financial threads and retirement security threads as relates to boating.

The good threads follow a pattern more along the lines of "Where do I put my nest egg" rather than "What do you think the (democrats, replublicans, torries, labour, etc) are doing to the economy."

Please put some thought into the posts on this thread as you move forward and leave politics, regulations and any comments about your elected (or non elected) representatives out of it.

Thanks folks.

(PS cynical mode on - I don't know too many people successfully getting their medical or financial advice from an internet forum - CAVEAT SAILOR - LOL)
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Old 26-08-2010, 23:47   #11
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OK - to return to boating.

Should I go long or short the market? I need to make a killing so I can buy a larger boat...
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Old 26-08-2010, 23:57   #12
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What will the market do? Fluctuate.

If you need the money in a few years, put it in bonds. If you want to make more long term, keep it in the market. Never get greedy. Speculation != investing.
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Old 27-08-2010, 00:30   #13
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Muskoka, when you make the "killing", I've got a bigger boat for you. Cheers.
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Old 27-08-2010, 02:01   #14
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Blue-water boats by reputable manufacturers have held their value better than most other investments so far this millenium. And boats give you not only a place to sleep, but sometimes a chance to out-run the tax collector.
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Old 27-08-2010, 04:29   #15
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I wouldn't be surprised to see 7,500 on the DJ in 12 months. But the people I feel sorry for are the real estate owners/investors. Can you believe that "0", yes ZERO, new homes over $750K sold last month! There are some really scary numbers in here:

Mish's Global Economic Trend Analysis: Burning Down the House; New Home Sales Consensus 330K, Actual 276K, a Record Low; Nationwide, Zero New Homes Sold Above 750K
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