The Industry Standard - Dow Jones drops below 10 year low? - Comments

DJIA managed to stay afloat

David Kuan — Mon, 01 Dec 2008 09:51:27 -0500

DJIA managed to stay afloat at above 8800 at end of November. Unfavorable judgment can now be rendered.

In a stunning turn around,

David Kuan — Fri, 21 Nov 2008 15:59:29 -0500

In a stunning turn around, DJIA up nearly 7% to close above 8,000.

With no economic report out

David Kuan — Thu, 20 Nov 2008 16:31:36 -0500

With no economic report out tomorrow and auto bail out vote pushed to December, tomorrow will depend on pressure from Asia and Europe trading day and potential bargain shoppers (if they have guts). Otherwise, Monday economic reports on existing home sales and housing price index will continue to put downward pressure. With an intraday criteria, this could very well happen as early as at open tomorrow or sometime Monday.

Closed on November 20 @

Eric Hill113600 — Thu, 20 Nov 2008 16:17:41 -0500

Closed on November 20 @ 7,552.29 (–444.99).

This prediction only requires the Dow to drop 266 more points to come true. Considering we have one more week to go - shoot, guys, this could happen tomorrow at this rate.

DJIA is freefalling ... just

David Kuan — Thu, 20 Nov 2008 15:43:29 -0500

DJIA is freefalling ... just dipped below 7600

As I type this, only a 576

Eric Hill113600 — Thu, 20 Nov 2008 12:13:46 -0500

As I type this, only a 576 point difference for this prediction to come true in the next few days. Will the Thanksgiving holiday stop this from coming true? At this point, I don't know what to think. Just a couple of weeks ago everyone was wringing their hands over inflation worries.

Now the economy seems to be so shaky, we're dealing with DEflation. Not good.

Dow went to 7987 intraday.

David Kuan — Wed, 19 Nov 2008 17:30:39 -0500

Dow went to 7987 intraday.

I think the DJIA may

toto — Sun, 16 Nov 2008 02:29:25 -0500

I think the DJIA may actually drop below 02 level because the investor confidence is very low with the multitude of economic problems and predictions of possible economic depression. This time it is not one sector that is suffering, but everyone including financial industry. This is a risky time that could also prove to be rewarding for those who don't get upset when t here are large, very large losses on the table. This will definitely take some time to ride out.... I was at the mall tonight, and almost could not find parking. Here in Midwest, I would not know it is tough economy if it was not for the media/TV. I have also noticed, there are great deals to be had in retail world - true shopping extravaganza.
This may be, coupled with low gas cost, just the catalyst to pull America through. Low stock prices will persist through the end of this year and first part of next year. Then, stock prices should start increasing but the growth will be tempered with the rising inflation.

Another stunning rally ..

David Kuan — Thu, 13 Nov 2008 16:04:04 -0500

Another stunning rally .. swinging nearly 900 points!

Dow is staging a rally since

David Kuan — Thu, 13 Nov 2008 14:19:13 -0500

Dow is staging a rally since dipping below 8,000. Bargain hunters? Speculators failed to heed the warning of "don't catch a falling knife" motto when it comes to stocks. Even the behemoth Google couldn't stop the slide which now dipped the $300 level.

As of right now, we're 100

Eric Hill113600 — Thu, 13 Nov 2008 13:07:34 -0500

As of right now, we're 100 points away from a 12-month low (7,981.75 –300.91). Only 695.48 difference to hit this predictions mark anytime in the next two weeks.

We are now approaching only

David Kuan — Thu, 13 Nov 2008 12:32:58 -0500

We are now approaching only 900 points from 10 yr low. This is becoming more likely now that 2 weeks ago for several reasons ...

1) US auto industry in a shambles (http://finance.yahoo.com/news/Failure-of-auto-industry-apf-13552316.html)

2) US Treasury is changing its intention on use of the $700B bailout (http://www.washingtonpost.com/wp-dyn/content/article/2008/11/12/AR200811...)

3) Foreclosure at spiked to 25% (http://www.msnbc.msn.com/id/27687154/)

4) US retailers are expecting worst holiday season (http://www.nytimes.com/2008/11/13/business/13RETURNS.html and http://www.azstarnet.com/sn/biz-topheadlines/266068)

5) Jobless claims at 7yr high (http://www.msnbc.msn.com/id/27697122/)

6) Treasury notes at 5 year low (http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081112%5CACQDJO...)

7) Global economic condition worsens as countries have confirmed to be recessions (http://www.bloomberg.com/apps/news?pid=20601068&sid=asVhpVLebe1Q&refer=h...)

8) 10 more trading days to go until judgment date

While we're approaching the

Eric Hill113600 — Wed, 12 Nov 2008 12:56:57 -0500

While we're approaching the low for the last 12 months (7,882.51) we still have well over 1,000 points to go to hit this by November 30.

With and endless stream of

eric — Fri, 07 Nov 2008 05:41:48 -0500

With and endless stream of bad news just but every day and a lame duck president and congress..lets not forget that some how all this ¨lose money ; and bailouts injected needs to be payed for....
I see a very real chance we break through the low of 2002..., but it may take longer a little longer then nov 30 2008 to reach that level.

We will have to see how the

David Kuan — Thu, 06 Nov 2008 17:04:40 -0500

We will have to see how the global financial situation looks like in the coming days. 1400 is still a tad far.

Dow Jones drops below 10 year low?

Denis Lafont-Tr... — Tue, 28 Oct 2008 14:13:29 -0400

Judgment on Dec. 1, 2008: While getting scarily close to coming true (see chart below), the Dow managed to keep its head above 7286.27 during the allotted timeframe. Judged at 0% for not coming ot pass. Let's hope this continues to be the case going forward during these tumultuous times. As of this writing, the Dow is down –434.96 to 8,394.08. -- The Industry Standard

Original prediction: In the last 10 years, the lowest the Dow Jones has gone is 7,286.27 on October 9, 2002, when the Internet stock bubble burst.

Predict: Will the Dow drop below 7,286.27 during intraday trading between now and November 30, 2008? It does not need to close under 7,286.27, but merely go below 7,286.27. After hours trading will not be considered for judgment.

Let the community decide. Place your bets below.