Any Guesses As to What The Dow Will Do Tomorrow?

Dinger

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Thu Dec-11-08 11:46 PM
Original message

Any Guesses As to What The Dow Will Do Tomorrow?

Edited on Thu Dec-11-08 11:46 PM by Dinger

It's not looking good. 1,000 point+ drop?

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CK_John

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Thu Dec-11-08 11:48 PM
Response to Original message

1. Close 7700 give or take a few points. Monday will be worse, down to 6600. n/t

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liberalmuse

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Thu Dec-11-08 11:48 PM
Response to Original message

2. Let's take some bets.

I suck at this, but I'm going for 1,000 down, Alex.

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Dragonfli

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Thu Dec-11-08 11:50 PM
Response to Original message

3. Unfortunately, a large drop

Hard to say how much, but I fear your thousand plus estimate is far from an unrealistic expectation.

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Ikonoklast

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Thu Dec-11-08 11:50 PM
Response to Original message

4. It will drop 880, finish 650 down.

I hope it's only that bad, but I actually fear it will be worse.

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Connie_Corleone

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Thu Dec-11-08 11:50 PM
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5. It depends on what that dummy in the white house will do.

People will be waiting to see if the drooling monkey will use the TARP funds to help the automakers.

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Double T

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Thu Dec-11-08 11:53 PM
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6. 4000-5000 in the next 60 days and that still isn't the bottom.

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Warpy

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Fri Dec-12-08 12:31 AM
Response to Reply #6

10. I don't think so

I think it'll be three steps back, one step forward. I predicted 7000 by the time we get rid of Stupid and I'm sticking to it.

I don't think the big egg will get laid on Wall Street until the Xmas sales figures come in.

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Zynx

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Thu Dec-11-08 11:53 PM
Response to Original message

7. The circuit-breakers kick in at some point to stop that from happening.

It used to be at 10% the market shuts down for an hour. I don't know what the cutoff is these days. The number seemed to vary in ways I wasn't aware of.

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Newsjock

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Thu Dec-11-08 11:55 PM
Response to Reply #7

8. Current first-level circuit breaker is 1100 points on the Dow

Edited on Thu Dec-11-08 11:55 PM by Newsjock

The number is adjusted quarterly and is 10% of the previous quarter's value. There's no readjustment to reflect the recent collapse, so the number is very high in percentage terms.

http://www.nyse.com/press/circuit_breakers.html

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Zynx

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Thu Dec-11-08 11:57 PM
Response to Reply #8

9. I recall that they didn't let the number float on a daily basis.

Thanks. I guess it is possible and with this news after expectations being so high I would not be stunned.

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