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Old 11-17-2008, 01:39 PM
 
1,831 posts, read 3,626,960 times
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I'm calling it ... buy stocks now when they're nice and cheap. The market is about to turn.

The Dow will bounce between 8-9K for awhile but six months from now the Dow will be over 10K or more.

Just want a record I can refer to in April so I can say I told you so ...


 
Old 11-17-2008, 01:45 PM
 
Location: Keller, TX
1,830 posts, read 2,291,665 times
Reputation: 1177
Quote:
Originally Posted by sheri257 View Post
I'm calling it ... buy stocks now when they're nice and cheap. The market is about to turn.

The Dow will bounce between 8-9K for awhile but six months from now the Dow will be over 10K or more.

Just want a record I can refer to in April so I can say I told you so ...

Six months? That would be middle of May. Why don't you buy some May calls on the DJX at 100? You could do pretty well if it pans out! Triple your investment.

What fundamental information leads you to believe we'll see an 18% increase in six months?

Last edited by Nepenthe; 11-17-2008 at 02:01 PM..
 
Old 11-17-2008, 01:55 PM
 
Location: Derby, KS
3,832 posts, read 8,031,849 times
Reputation: 1563
LOL....well if you can have a 30% decrease in that time frame why not an 18% increase?

yeah...I'm pessimistic. If you look at the DJIA trends over the last 30 years what you see is when there's a bad drop like this it takes time to come back around.
 
Old 11-17-2008, 01:58 PM
 
Location: Some place very cold
5,503 posts, read 14,075,332 times
Reputation: 3941
Quote:
Originally Posted by sheri257 View Post
I'm calling it ... buy stocks now when they're nice and cheap. The market is about to turn.

The Dow will bounce between 8-9K for awhile but six months from now the Dow will be over 10K or more.

Just want a record I can refer to in April so I can say I told you so ...

I don't think so. Stocks are still oversold.
 
Old 11-17-2008, 02:02 PM
 
1,831 posts, read 3,626,960 times
Reputation: 638
Quote:
Originally Posted by Nepenthe View Post
What fundamental information leads you to believe we'll see an 18% increase in six months?
In 2001-2002 the Dow dropped 30 percent from the peak when it bottomed. We're down 40 percent from the peak so I think all of the worst stuff is already priced in.
 
Old 11-17-2008, 02:08 PM
 
1,831 posts, read 3,626,960 times
Reputation: 638
Quote:
Originally Posted by drjones96 View Post
LOL....well if you can have a 30% decrease in that time frame why not an 18% increase?

yeah...I'm pessimistic.
The only time the Dow dropped by another 30 percent on top of the 40 percent drop we have now was during the great depression. I know a lot of people think we're going to have a great depression but, we didn't have the government mechanisms in place that we have today.

I don't expect many people to agree with me but that's the time to buy anyway ... when everybody says "don't buy!"

The darkest hour is before the dawn and I think we're already past that.

 
Old 11-17-2008, 02:26 PM
 
Location: Backwoods of Maine
2,514 posts, read 2,887,453 times
Reputation: 4546
Quote:
Originally Posted by sheri257 View Post
The darkest hour is before the dawn and I think we're already past that.

Good.

When you see the dawn's early light, let us know.

Meanwhile, this bear is going back to his den....
 
Old 11-17-2008, 02:30 PM
 
547 posts, read 1,105,374 times
Reputation: 535
Quote:
Originally Posted by Nor'Eastah View Post
Good.

When you see the dawn's early light, let us know.

Meanwhile, this bear is going back to his den....

Too funny! Thanks for the laugh --- really enjoyed it!! Reps to you!!
 
Old 11-17-2008, 02:44 PM
 
Location: Wouldn't you like to know?
8,521 posts, read 10,379,812 times
Reputation: 3249
Quote:
Originally Posted by sheri257 View Post
I'm calling it ... buy stocks now when they're nice and cheap. The market is about to turn.

The Dow will bounce between 8-9K for awhile but six months from now the Dow will be over 10K or more.

Just want a record I can refer to in April so I can say I told you so ...

Sheri, your last prediction from your crystal ball was back on 11/5 and now we are 10% LOWER than your last prediction (to get into the market).


Do you want us to short stocks after you make a prediction or what?
 
Old 11-17-2008, 03:01 PM
 
Location: Derby, KS
3,832 posts, read 8,031,849 times
Reputation: 1563
Quote:
Originally Posted by sheri257 View Post
The only time the Dow dropped by another 30 percent on top of the 40 percent drop we have now was during the great depression. I know a lot of people think we're going to have a great depression but, we didn't have the government mechanisms in place that we have today.

I don't expect many people to agree with me but that's the time to buy anyway ... when everybody says "don't buy!"

The darkest hour is before the dawn and I think we're already past that.

I was responding to another poster and that was in reference to the 30% drop over the last year. I don't think the market is going to see another big drop like what we've seen. I think it's going to stabilize in the mid-8000's.....but I don't see a big gain in the near future. It's going to be a long road back.

The market needs some optimism so belly up to the bar and throw some money around.
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