Dow closes 350 pts down (unemployment, stocks, bailout, economy) - Economics - City-Data Forum

Lulu101 · 10-02-2008, 02:22 PM

Stocks end trading day with another big drop - Stocks & economy - MSNBC.com

jimmyP · 10-02-2008, 05:16 PM

I am predicting bailout or no bailout the Dow will hit 8,500 as a bottom. Right now people are only focused on bailout . The underlying economic numbers are deteriorating rapidly. Wait til earnings reports in 2 weeks. Unemployment numbers were worse than expected.

Not a lot of good news but some golden opportunities for people with cash. There should be some once in a lifetime bargains in the market by end of year.

Clay Lady · 10-02-2008, 06:13 PM

Quote:

Originally Posted by jimmyP

I am predicting bailout or no bailout the Dow will hit 8,500 as a bottom. Right now people are only focused on bailout . The underlying economic numbers are deteriorating rapidly. Wait til earnings reports in 2 weeks. Unemployment numbers were worse than expected.

Not a lot of good news but some golden opportunities for people with cash. There should be some once in a lifetime bargains in the market by end of year.

I think you have it right on every point.