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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:20 AM
Original message
How bad will tomorrow be?
Friday's closing numbers:

Dow Jones 12099.30
Nasdaq 2340.02
NYSE 1325.19


We are set for a tumble, fall or dive tomorrow when the US Markets open. Today, Asian Markets fell 3-6%. Any predictions from the market-wise?

How bad will tomorrow and this week be?
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harun Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:23 AM
Response to Original message
1. 300 to 500 point drop (n/t)
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Aviation Pro Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:25 AM
Response to Original message
2. Relative to October 1987?
I'd say in the 1000 point range. Hey, Mr. Insane President, where the fuck is my $1600 check? Or are you going to welch on that too?
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:27 AM
Response to Reply #2
6. 1000 points is significant.
I've heard a lot about this coming slide, the recession, etc.

I haven't heard anyone mention where the bottom is. I've heard no one talk about any positive on the horizon.

How long do you think the recession will last, and when/how can we pull out of it?
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Dhalgren Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:38 AM
Response to Reply #6
10. I don't think that anyone has a clue as to where "the bottom" is.
All of the models that I have seen (and I will admit upfront that I do not fully understand them) do not take into account the massive daily increase of debt that the war is placing on our economy - it is like they just ignore it. Billions of dollars a month are added, practically "off the books". No previous "slow-down" or "recession" or "depression" or "adjustment" has had this added insanity of millions and millions of dollars being sucked into a black-hole every day. If no one will look objectively at our entire economy, how can we know where we are headed (except for hard times). At this point, I am not even sure if there is anyone out there who actually knows what is REALLY happening in this economy...so...I would say the outlook is rather bleak...sorry...
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:25 AM
Response to Original message
3. I put in a bet that it would go to 11500 by the equinox
on March 20. I think I was being conservative.

There will be a sucker's market after that, as foreign money thinks there are bargains to be had, but the general trend will be down until Stupid leaves office.

At least the interest and dividends are coming in, no matter what the face value of the stock is doing.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:20 PM
Response to Reply #3
25. I think the DJI will drop to/below 11500 by Friday.
I don't think that's as bad as could get, though. The odds are it'll get worse than that.
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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:25 AM
Response to Original message
4. Real bad if the futures are any indication...S&P now -58 points...
It should be a bloodbath if that is any indication.
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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:27 AM
Response to Original message
5. This one has me quite concerned.... we are coming off an extra day of observing foreign markets fall
I don't see any way the market does not take a huge dip.

Sure hope I am wrong .....
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JCMach1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:33 AM
Response to Original message
7. Watch Asia and Europe tomorrow... that would be a bigger indicator...
If the sell-off continues there, it will hit here by the open.

Keep in mind, global markets have held up mostly since the beginning of the year. U.S. stocks have been tanking most of the month.

Even if markets are down, I would suspect a 1-2% drop as opposed to what has happened in Asia.

I am going to be counter-intuitive and say a slight gain or dead cat bounce on any good news.
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:20 PM
Response to Reply #7
12. Europe following Asia's trend.
European and Asian stock markets have both seen sharp declines today.

Investors are showing doubts that the U.S. government's plan to prevent a recession will do the trick.

The benchmark stock index in the U.K. dropped nearly 4 percent. A French stock index fell by 4.5 percent, while Germany's slipped more than 5 percent.

Earlier, in Asia, India's benchmark stock index tumbled 7.4 percent. And the blue-chip index in Hong Kong dropped by 5.5 percent. That's its biggest percentage drop since the aftermath of 9/11. Japan's benchmark index is at its lowest close in more than two years.
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:34 AM
Response to Original message
8. Nobody knows.
:popcorn::popcorn:
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:38 AM
Response to Original message
9. They'll probably suspend trading if things look too bad.
And i'm free, free falling.
Yeah i'm free, free falling.
And all the vampires walkin' through the valley move west down ventura
Boulevard.
And all the bad boys are standin' in the shadows, and the good girls
Are home with broken hearts.
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GreatCaesarsGhost Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:58 AM
Response to Original message
11. who cares? i want more britney!!!
:sarcasm:
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endarkenment Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:48 PM
Response to Reply #11
16. Lindsay Lohan!
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:22 PM
Response to Original message
13. Spain down 7.54 percent
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lpbk2713 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:24 PM
Response to Reply #13
14. That doesn't look good at all.



The BushCo Regime is having a wide reaching impact.



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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:45 PM
Response to Original message
15. A 6% Drop = 726 pts down, close at 11373...n/t
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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:56 PM
Response to Original message
17. who cares?
all gamblers are doomed to lose.

the worst news tomorrow will be the SC primary results.
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:03 PM
Response to Reply #17
18. You mean the SC debate results?
The SC Democratic Primary isn't until Saturday.
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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:11 PM
Response to Reply #18
20. don't you watch corporate TV?
It's already over.
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:12 PM
Response to Reply #20
21. I don't, but I've heard.
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Kip Humphrey Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:03 PM
Response to Original message
19. 529pt drop+-... tip of a very big iceberg...glad to be out of the market.
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bighughdiehl Donating Member (284 posts) Send PM | Profile | Ignore Mon Jan-21-08 01:16 PM
Response to Original message
22. I predict.....
a 400 pt rebound in the Dow tomorrow. I see no reason to believe the PPT doesn't have any more tricks up it's sleeve. There have indeed been rebounds before(on a see of hot air, excess liquidity, and phony econ. statistics) on days after drops in foreign markets while we had a holiday.
Flame away and we shall see.
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:18 PM
Response to Reply #22
23. I think they are running out of tricks.
We'll see soon enough.
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zorahopkins Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:20 PM
Response to Original message
24. What About Lee Mercer?
Does anyone know how Lee Mercer is investing his money?
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