Submitted by Yi-Wyn Yen02.23.2009
Thunderdome
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This prediction is closed and has been judged.
Judgment made on March 20, 2009: Spring has arrived, but the Dow has yet to blossom. The Dow didn't come close to reaching 8000, closing at 7,278.38 on March 20. The community overwhelmingly got this prediction right.
Fears that the Dow Jones Industrial Average will fall below 7000 for the first time since April 1997 are overrated. This hangover's got to end, and investor confidence will return.
Prediction: The Dow will climb to 8000 or above by March 20, 2009. Adjusted closing dates will be used to judge this prediction.
Price History
Prediction Statistics
| Betting Closes: | Mar 20 2009 | Current Consensus: | 1.71% | Total Bets: | 72 |
| Today's Change: | -0.18% | ||||
| Life Time High: | 73.11% | ||||
| Life Time Low: | 0.78% |
Comments
Dow $3000 by year end 2009.
Remind me not to take financial advice from the media.
A few more days like today (3/10/09) and we would be back above 8000!
Hmm, not sure about that. But at least it's above 7000.
A little over 600 more pts in 3 days and we might have a complete turnaround on this prediction. DJIA closed a little under 7400.
@David, We can all hope for that, but I think that's still too aggressive.
Not overly aggressive. Lots of positive news coming out ....
1) Housing starts shows increase
2) Signs of credit thawing
3) Global equity market is stabilizing
4) DJIA 6500 support was tested and held
5) DJIA now above 7000 support
6) 10 day moving average intersects 20 day moving average (positive signal)
etc etc
and finally, US Economy Is Finally Showing Signs of a Recovery
Awesome. Go for it!
No problem. Only 600 points from today's close. :)
Oh well...just missed it by a little over 700pts :( Dow closed today under 7300.
Wow! I just lost a bunch of $ due to technical bug! :(
Update: Just as I made that comment. TIS had corrected the error. Good job TIS!
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