When will the markets come back? - Democratic Underground

steelmania75

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Mon Feb-23-09 03:15 PM
Original message

When will the markets come back?

It's not looking good right now, and I'm starting to back away from my earlier prediction of the end of the year to the middle of next year...

What do you think?

This worries me because the GOP will be up Obama's ass if the markets don't come back at this second..

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lumberjack_jeff

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Mon Feb-23-09 03:17 PM
Response to Original message

1. 12 months. No sooner. n/t

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bluestateguy

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Mon Feb-23-09 03:18 PM
Response to Original message

2. Time for the Plunge Protection Team to make a house call

Although we can't let ourselves be pushed around by those screaming yo-yo's.

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old mark

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Mon Feb-23-09 03:18 PM
Response to Original message

3. IO think the DOW will go down to around 4,000 and will not get back to

10,000 for years to come.
Maybe 6,000 to 8,000 by the end of Obama's first term, if that high.

Unemployment is now at around 7 1/2%, and will go near or over 10% IMO.
It's not hardly started yet.

mark

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seemslikeadream

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Mon Feb-23-09 03:59 PM
Response to Reply #3

19. yes I was thinking 4800

unemployment over 10%

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AnneD

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Mon Feb-23-09 03:19 PM
Response to Original message

4. When they can be trusted....

by the small investor, the playing field level, and the books aren't cooked.

Roughly, around the 12th of never or another generation-which ever comes first.

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Cerridwen

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Mon Feb-23-09 03:19 PM
Response to Original message

5. If the gop's response is all you're concerned with, then don't

worry about the markets because if the gop can't find something to use to go after President Obama, they'll just make it up.

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TexasObserver

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Mon Feb-23-09 03:21 PM
Response to Original message

6. Yes, they will come back. By this time next year, we'll be above 9000 for the DOW.

Edited on Mon Feb-23-09 03:21 PM by TexasObserver

And that's even if we dip below 7000 the next few months.

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NorCalDem

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Mon Feb-23-09 03:38 PM
Response to Reply #6

14. Wow, that is unbelievably optimistic.

I would bet all my money that at this time next year the DOW is not above 9000, that's ludicrously high...

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TexasObserver

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Mon Feb-23-09 03:55 PM
Response to Reply #14

16. Then you should bet all your money on it.

I'm not sure why your pessimism is so compelling. Is this your first major recession? They don't last forever, you know.

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ThomWV

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Mon Feb-23-09 04:27 PM
Response to Reply #6

21. I think you're right

We're betting on it so to speak too. My son and I have been pooling our money and buying as much as we've been able for the last 2 months. We're down but we expected that. Not to worry - we're doing the right thing.

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depakid

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Mon Feb-23-09 03:21 PM
Response to Original message

7. Not until the banking system is stabilized

and I don't mean with half measures and piecemeal pandering.

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Warpy

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Mon Feb-23-09 03:22 PM
Response to Original message

8. All the bad paper has to work its way through the system

and the bad institutions among hedge funds and insurance outfits need to fail. Banks need to be supported, by outright nationalization if not by other means.

Then customers need to reappear. That means rebuilding our manufacturing infrastructure from the bottom up while empowering workers and protecting their jobs from corporate raiders looking for profit through offshoring.

If they do all the right things, we might see incremental improvement after the next couple of years. If they don't, we won't see anything but a protracted disaster.

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closeupready

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Mon Feb-23-09 03:23 PM
Response to Original message

9. I have no idea now. I used to think I did.

I predicted way long ago that the market would come back in June of this year, but I don't see that happening. Because for one, it hasn't even bottomed out yet. !

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ThomWV

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Mon Feb-23-09 04:30 PM
Response to Reply #9

22. For a while last week I was feeling the same way. No more after today

I think we are either at the bottom or we will see it very soon, no later than mid March.

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closeupready

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Mon Feb-23-09 04:32 PM
Response to Reply #22

23. Hope you're right.

:fingerscrossed:

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ThomWV

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Mon Feb-23-09 04:39 PM
Response to Reply #23

24. There are very serious people taking very serious steps and they are willing to do more

Both here and around the world there are very serious and smart people devoting all the resources available to nations to bring order and stability to the global markets. I can imagine no case in which such effort will not be successful. At the moment we are finishing up the necessary part of exposing the worst of the failures and have already begun on the fixes. That said the future is predictable enough.

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rucky

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Mon Feb-23-09 03:24 PM
Response to Original message

10. Back to what?

This level reflects the true value more than 14K did. I don't see it getting beyond 9K anytime soon.

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tridim

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Mon Feb-23-09 03:29 PM
Response to Original message

11. Some time after someone is punished for destroying it.

Until then I will not be investing a single cent.

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LeftHander

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Mon Feb-23-09 03:29 PM
Response to Original message

12. Not until they hit bottom....2600-2800 pt.

Edited on Mon Feb-23-09 03:29 PM by LeftHander

Then it will take 6-8 years to return...the entire economic landscape will of been completely rebuilt.

I suggest taking up gardening, pottery, wood working and basket weaving...

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NorCalDem

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Mon Feb-23-09 03:34 PM
Response to Original message

13. 2012? 2015?

I'm being serious too. A couple of years at a minimum...

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Clear Blue Sky

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Mon Feb-23-09 03:42 PM
Response to Original message

15. Who knows?

If anyone does know, they can make a fortune in options.

Too much uncertaintly out there - more stimulus packages, regulations, tax rates, etc.

The market doesn't like uncertainty and reacts accordingly by continuing to go down.

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cobalt1999

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Mon Feb-23-09 03:57 PM
Response to Original message

17. Is this the bottom?

http://isthisthebottom.com/

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seemslikeadream

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Mon Feb-23-09 03:58 PM
Response to Original message

18. 10, 15 years maybe

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Fovea

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Mon Feb-23-09 04:24 PM
Response to Original message

20. The Big L

and it will stay there until enough renewable energy capacity and enough concrete and steel stimulus is being spent for roughly five years.
At the end of that, we will be energy independent, and have a new steel industry, a new transportation system, and universal medicare.

At that point, there will be capital accumulation, and actual wealth being produced again, I believe.

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Blackhatjack

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Mon Feb-23-09 04:52 PM
Response to Original message

25. IT will be a Tuesday .....

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emulatorloo

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Mon Feb-23-09 05:33 PM
Response to Original message

26. The market is a drama queen -- it needs to grow up and start acting in a mature fashion EOM

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