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young_clinton
Joined: 09 Sep 2009
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Posted: Tue Jun 29, 2010 3:37 pm Post subject: The Stock market has finally almost corrected itself |
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It may be soon safe to put money in stocks again. I hope the Dow hits 9700 tonight. |
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Senior
Joined: 31 Jan 2010
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Posted: Tue Jun 29, 2010 3:47 pm Post subject: |
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Wouldn't it have been better (safer?) to put the money in before it went up? How is a higher price safer?
Besides, it's just a re-inflated bubble, there's no guarantee that bubble won't drastically deflate. |
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young_clinton
Joined: 09 Sep 2009
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Posted: Tue Jun 29, 2010 4:02 pm Post subject: |
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Senior wrote: |
Wouldn't it have been better (safer?) to put the money in before it went up? How is a higher price safer?
Besides, it's just a re-inflated bubble, there's no guarantee that bubble won't drastically deflate. |
The Dow is at 9870, I am waiting for it to bottom before it goes up. With the economic problems it should be around 9700. Apple computers, which actually is listed on the NASDAQ and is not a Dow Jones stock, should race up after the stock market correction. |
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jvalmer

Joined: 06 Jun 2003
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Posted: Tue Jun 29, 2010 4:49 pm Post subject: |
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You think the bottom will be at 9700? I figure it has to go at least below that 6500 mark last year. |
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Steve_Rogers2008
Joined: 22 Mar 2010
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Posted: Tue Jun 29, 2010 8:56 pm Post subject: |
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jvalmer wrote: |
You think the bottom will be at 9700? I figure it has to go at least below that 6500 mark last year. |
maybe that's what they want you to think!  |
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AsiaESLbound
Joined: 07 Jan 2010 Location: Truck Stop Missouri
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Posted: Tue Jun 29, 2010 9:16 pm Post subject: |
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I'd like to see 7,500 or 8,000 right now on the Dow. It was that about a year ago. I wished I could had bought stuff then. |
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Jane

Joined: 01 Feb 2003
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Posted: Tue Jun 29, 2010 9:48 pm Post subject: |
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jvalmer wrote: |
You think the bottom will be at 9700? I figure it has to go at least below that 6500 mark last year. |
Yep. At least. |
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riverboy
Joined: 03 Jun 2003 Location: Incheon
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Posted: Tue Jun 29, 2010 10:51 pm Post subject: |
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Quote: |
jvalmer wrote:
You think the bottom will be at 9700? I figure it has to go at least below that 6500 mark last year.
Yep. At least. |
I agree. The stimulus was a finger in a dam about to burst. I'd love to see otherwise, but I think we have not seen the worst of things.
We need to get this monetary mess fixed above all other problems. |
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pkjh

Joined: 23 May 2008
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Posted: Thu Jul 01, 2010 1:59 pm Post subject: |
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Aren't there decent mini-rebounds after it it's an old low? Can't you take advantage of that? |
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rollo
Joined: 10 May 2006 Location: China
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Posted: Thu Jul 01, 2010 2:32 pm Post subject: |
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Any reasons that some think the Dow will go to 6500? About 9700 and then up. Of course if the E .U. goes belly up anything could happen thats a scary situation and have not seen much of an effort to rectify matters. |
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chellovek

Joined: 29 Feb 2008
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Posted: Thu Jul 01, 2010 3:39 pm Post subject: |
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rollo wrote: |
Any reasons that some think the Dow will go to 6500? About 9700 and then up. Of course if the E .U. goes belly up anything could happen thats a scary situation and have not seen much of an effort to rectify matters. |
You mean apart from the trillion Euros they promised to support in case governments are in trouble? or the introduction of severe austerity budgets being implemented accross swathes of the continent now? |
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Juregen
Joined: 30 May 2006
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Posted: Thu Jul 01, 2010 6:40 pm Post subject: |
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young_clinton wrote: |
Senior wrote: |
Wouldn't it have been better (safer?) to put the money in before it went up? How is a higher price safer?
Besides, it's just a re-inflated bubble, there's no guarantee that bubble won't drastically deflate. |
The Dow is at 9870, I am waiting for it to bottom before it goes up. With the economic problems it should be around 9700. Apple computers, which actually is listed on the NASDAQ and is not a Dow Jones stock, should race up after the stock market correction. |
Wow you must have a master brain to be able to KNOW what the stock market SHOULD be. You must be racking it in. |
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rollo
Joined: 10 May 2006 Location: China
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Posted: Thu Jul 01, 2010 11:28 pm Post subject: |
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Yeah the trillion euros which doesnt even begin to cover the amount of debt and austerity programs when they need to be spending. they have done NOTHING except talk and made promises they can not keep. They can not force Greece, Portugal, Italy or Spain to contribute to the trillion euro fund. Italy is on the edge, and it doesnt look good. Its frustrating to read the pure b.s. being spewed from over there.
No one seems to have any numbers just speculation, and some of it seems to be hopeful thinking. Well remember if the U.S. sinks too far, than your home country's economy goes completely under. Thats a fact!
OIl goes below fifty and it could, then Great Britain and Canada are gone economically. |
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ontheway
Joined: 24 Aug 2005 Location: Somewhere under the rainbow...
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Posted: Fri Jul 02, 2010 8:19 am Post subject: |
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Dow 9,665.90 -66.63 -0.68%
Nasdaq 2,090.71 -10.65 -0.51%
S&P 500 1,022.06 -5.31 -0.52%
We're into the second part of the double dip - Second Great Depression - just as predicted nearly two years ago on a current events thread. |
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rollo
Joined: 10 May 2006 Location: China
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Posted: Fri Jul 02, 2010 3:53 pm Post subject: |
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I will say that after I read that the sell of Bank of China shares were suspended yeserday, and that France and Germany were at odds on how to fight the Europeans problems it is depressing. It looks like a long recession world wide. Of course anything coming out of Washington is tripe. Looks like a recession with a lot of ups and downs , bumpy. China is in very very bad shape and could trigger an economic catastrophe. What I see in the U.S is stagnation , rather like japans lost decade. If China takes a really bad fall and it looks likely that they will , then commodity exporting nations would be in deep poo. There is a lot of money sitting around , that has no place to be invested right now. |
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