Dow at the end of the year will be . . . take your guess.
 

Take your guess closest to the close on Dec 31

42

LOL, I should have put that as one of the choices, just for you.

:D

Going with a little over 15k here. You heard it here first. :)

Interesting, 7 out of 10 votes at this time think its going south to way south.

Not yet. I believe the RE market is going to be a huge drag on the economy but it won't really start to hit until maybe 2Q of next year. I foresee housing going WAY lower after that, with corresponding drag on the larger economy including the DOW, but it won't "crash" it on its own.

What could go wrong?

http://forums.pelicanparts.com/uploa...1184372755.jpg

Hey, that graph looks exactly like the one in "An Inconvenient Truth" - you know the one where Al Gore gets in the lift
..... Hmmmmm.
I'll bet that is just a generic graph - one graph fits all.

The market is getting a bit overbought right now--at least in the U.S. There's a lot of money going into the international mutual funds--Europe and Asia, which have been doing very well the past few years. There is still a lot of upside in Asia--and a lot of American Investment there. Maybe that's why the market is bullish. Also, the energy stocks and funds continue to do very well--the carbon emission issue is a great growth area for energy and technology companies.

14500.
So much for my strategy of diversification with a couple of oil/gas exploration investments this year. Back to the known quantity of the market with the next batch of funds.
Jim

Look at that drop in the Dow from 2000 to 2003, before 911. Who says wars aren't good for the economy.

Cool. Who we gonna' attack next?

What do you want, with myopic, illiterate, 'talkin-to-god', fools, (the best that money could buy), runnin' the country? I just hope they don't bring my retirement down with them!

I am re-allocating mine (not all) into cash instruments. I will make no predictions, but I am VERY cautious.

What does Mother say?

Guess what there is only one game left in town. Thats the Stock Market, all the other markets RE, Bonds have had their runs while the Stock Market was in ther doldrums from 2000-2006.

If you notice that the finacnial news can be lousy and the Market still goes up. Back in 2004 if you said Boo the Market went down. The psychology has changed and it will be so until the end of 2008. If the Dems get in then there will be a shock, because the expectation will be that they will raise Taxes.

What the Dems DON"T GET is that a 20% Tax Rate on Capital Gains is the incentive needed for Americans to SAVE their money and not blow it on cheap Asian Goods.

I said 14250...and the Market remains volatile which is what makes Mother in Tucson happier than a pig in *****.

GO CONTRARIAN!!!!!!

14.5+

And you can bet the farm that if I am right I will bring this thread back to life.
I love saying I told you so ;)

All right, 5 weeks left.

Anyone want to revise their bets.

You've seemed a little gloomy lately, Dr. Lechter. What's up?

My estimate at 14250, doesn't seem do able at this point...I would expect a rally as the Market is oversold. So 13,250 - 13750 would be my guess.

I hate to say this, but Americans are tapped out.
The US Dollar is still in free fall.
The US Government spending way more than it takes in.
Oil heading over $100 a barrel.
The signal for recovery will be a US government that decides to balance our budget.
Until then forget about any good times.

The DOW december 31st..............12,250.

Economy SUCKS for most
 

While I, and many of you are doing quite well, I look around and see many, way too many, maxed out on their cards and about to default on their mortgages. If the 'general' public can't be relied upon to shop our economy's way out of this one, I shudder to think what we are in for.:eek:

I suppose I was "irrationally exuberent" with my initial prediction. I'm thinking maybe 12,500 or thereabouts now.

Dow
 

Count me among those at 13500

let me revise my 13,250 downwards....my new target is..... 11,750...followed by steep declines early next year...by the end of 2008 DOW....7500...you heard it hear first.

O Geez PWD says 13,500..his wife is better at it than I am so....maybe I'll go back to my 13,250 to 13,750 range...yeah that sound good...so that is my story and I'm stickin to it.