The Industry Standard - Dow Jones falls below 6500 by March 9, 2009? - Comments

@Eric, that was probably

David Kuan — Fri, 06 Mar 2009 18:55:18 -0500

@Eric, that was probably courtesy of the TIS bailout or stimulus or rescue plan!

@David, LOL! Now that you

Eric Hill113600 — Fri, 06 Mar 2009 18:10:09 -0500

@David, LOL! Now that you mention it, where'd that fresh $50M come from in my account? ;)

@Eric sorry about your loss

David Kuan — Fri, 06 Mar 2009 16:55:48 -0500

@Eric sorry about your loss but you ultimately are the administrator the SQL DB and can perform some "magic" :).

Now, onwards to the next prediction . DJIA breaking 8000, I actually had a FOR bet for the 6500 and the 8000 predictions concurrently. Guess I was only an immediate term pessimist but project a recovery to 8000 within 2 week. Will the 8000 prediction be just as exciting?

I had to step away from the

Eric Hill113600 — Fri, 06 Mar 2009 16:33:25 -0500

I had to step away from the computer at the worst possible moment. I could have really scored on this, but ultimately lost over $600k (1/3 of my net worth) due to bad timing. Que sera sera.

Oh man, that's why Edward

Lev Danilov — Fri, 06 Mar 2009 16:32:11 -0500

Oh man, that's why Edward was in and out of the leaderboard these past few days!! That explains it! It was all b/c of the insane volatility!!

@Edward, congrats!! ;-)

@Lev, good job for sticking

David Kuan — Fri, 06 Mar 2009 16:23:17 -0500

@Lev, good job for sticking to your guns on this one. I think Edward B trumped you on the Top Ten with his 888K.

@James, lucky for you that you cashed out right before (and I mean a few seconds before) I flipped the bet from FOR to AGAINST.

@Edward Beckham, you are so darn lucky on this one. You almost lost your shirt AND pants on this one with your yet another all-in bet. But congrats on your 888K win!

This is one of the most volatile prediction thus far. I flipped on this prediction TWICE for a net of S$333,611.24. Had the prediction gone FAVORABLE, I would have net over $1M.

Thanks everyone. That was

Yi-Wyn Yen167771 — Fri, 06 Mar 2009 16:14:00 -0500

Thanks everyone. That was exciting, even though I lost $3K. Gah.

All-in-all, I made 444k on

Lev Danilov — Fri, 06 Mar 2009 16:06:09 -0500

All-in-all, I made 444k on this one. This was one of the best predictions I have had a chance to bet on. Nicely done, Yi-Wyn!

lucky you .... :-/ -

Benjamin Rohe — Fri, 06 Mar 2009 16:02:15 -0500

lucky you .... :-/

- S$39,163.80

whew.... cashed my "for" bet

James Strasler — Fri, 06 Mar 2009 16:01:34 -0500

whew.... cashed my "for" bet out at 78%... about 30 seconds before it dropped to 24%

This is a done deal. Bargain

David Kuan — Fri, 06 Mar 2009 15:58:39 -0500

This is a done deal. Bargain hunters saved the day for the optimists and resulting in the DJIA with a net gain at end of trading day.

this is crazy... just lost

Benjamin Rohe — Fri, 06 Mar 2009 15:57:41 -0500

this is crazy... just lost 45k :(

@David, it's unbelievable

Lev Danilov — Fri, 06 Mar 2009 15:20:25 -0500

@David, it's unbelievable how close this prediction is! I have an "against" bet at 80% on this and a feeling that it will go up before 4p.m.

@Eric, keep that finger on the F5 key! :))

@Chuckjav, I think it's not

Eric Hill113600 — Fri, 06 Mar 2009 15:14:00 -0500

@Chuckjav, I think it's not "damn near" - I think it's right on the money (unless there's a last minute surge). Amazing timing on this one. Can't tell you how many times I've refreshed the markets page on NYT.

Oh! It just popped to 6,502.77!!

Yi-Wyn is the REAL market

David Kuan — Fri, 06 Mar 2009 15:11:33 -0500

Yi-Wyn is the REAL market prognosticator.

Dow Jones falls below 6500 by March 9, 2009?

Yi-Wyn Yen — Mon, 23 Feb 2009 16:07:11 -0500

Judgment made on March 6, 2009: What a nailbiter. Though the Dow Jones Industrial Average fell below 6500 in intraday trading, the DJIA surged above that mark five minutes before the close and ended at 6626.94 for the worst week in trading this year. Last-minute community betters got this right. -- The Industry Standard

Original prediction: The stock market is on a downward spiral with concerns that President Obama's stimulus package won't do enough to fix or save the banks. The Dow Jones Industrial Average has dropped 735 points, or 9%, for the past six trading days since Feb. 13. The bottom seems nowhere in sight.

Prediction: The Dow closes below 6500 by March 9, 2009. The last trading day that will count for judgment is March 6.