Stock market speculation? - Page 2

icehog3 · 07-21-2011, 02:25 PM

Quote:

Originally Posted by baddevildog82

If a deal is worked out, my guess is the Dow rolls past 13,000.

In what time frame?

07-21-2011, 02:33 PM

about a day! If it was finalized today, I think it would roll past 13000 tomorrow. This is my opinion and I am not a financial adviser by any means, so take it with a grain of salt.

Apoco · 07-21-2011, 02:59 PM

Quote:

Originally Posted by baddevildog82

about a day! If it was finalized today, I think it would roll past 13000 tomorrow. This is my opinion and I am not a financial adviser by any means, so take it with a grain of salt.

While a resolution of the US issues would cause a large rebound (13,000 within a week of the resolution would seem reasonable to me) - don't expect miracles. We still have Greece/Italy to make people scream "OH TEH NOEZ" and run for risk-averse investments.
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07-21-2011, 07:22 PM

I figure that a day is a good amount of time for people to forget about the other bad things going on. If a deal were finalized tomorrow (Friday), then there would be a whole weekend for people to remember the other bad things and in that case, I don't think it would hit 13000 on the following Monday.

07-22-2011, 03:33 AM

We are very cautious nowadays of the what's happening in the US since it would greatly affect our stock market other than that analyst predict a five year bull run.

Apoco · 07-27-2011, 08:59 AM

Been 5 days now. We've seen 2 days of market freefall since then and Exchange rates have dropped quite a bit. The USD has been losing against the EUR for nearly 3 weeks now (keeping in mind that the EUR is also in danger - it is the most realistic comparison to gauge how the world sees the USD debt crisis vs. the EUR debt crisis).

The S&P 500 has gone from 1,345.02 to 1,313.07 in 2.25 days. That's a loss of 31.95 points or a 2.4% drop. Yikes.
The DJIA hasn't done much better - going from 12,681.16 to 12,399.54. That's a loss of 281.62 points or a 2.2% drop.

In short - OH GOD THE SKY IS FALLING.
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bobarian · 07-27-2011, 09:06 AM

Invest in cats, the new white meat.

Apoco · 08-02-2011, 11:01 AM

Debt ceiling bill has officially passed through. Still a lot of tension regarding where the budget cuts will hit and what amounts. I'll be watching the stock market today to see what the knee-jerk reaction is.

EDIT: Already spiking up. Look to see what happens on August 2nd, 2011 from 1:00PM (eastern time) and on. A lot of fear regarding imminent melt down has been resolved but there is still the possibility of a downgrade from Moody's and a likely downgrade from S&P (they've stated a $4 trillion budget cut would be required for the US gov't to maintain its AAA rating).

Whether or not the increase will sustain, continue to increase, or resume decreasing is honestly a crapshoot in my mind.
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07-21-2011, 02:33 PM	#22
baddevildog82 Guest Posts: n/a	Re: Stock market speculation? about a day! If it was finalized today, I think it would roll past 13000 tomorrow. This is my opinion and I am not a financial adviser by any means, so take it with a grain of salt.

07-21-2011, 07:22 PM	#24
baddevildog82 Guest Posts: n/a	Re: Stock market speculation? I figure that a day is a good amount of time for people to forget about the other bad things going on. If a deal were finalized tomorrow (Friday), then there would be a whole weekend for people to remember the other bad things and in that case, I don't think it would hit 13000 on the following Monday.

07-22-2011, 03:33 AM	#25
b.morales99 Guest Posts: n/a	Re: Stock market speculation? We are very cautious nowadays of the what's happening in the US since it would greatly affect our stock market other than that analyst predict a five year bull run.

07-27-2011, 08:59 AM	#26
Apoco Nerd with social skills Join Date: May 2010 First Name: Alex Location: Chattanooga, TN Posts: 1,286 Trading: (37)	Re: Stock market speculation? Been 5 days now. We've seen 2 days of market freefall since then and Exchange rates have dropped quite a bit. The USD has been losing against the EUR for nearly 3 weeks now (keeping in mind that the EUR is also in danger - it is the most realistic comparison to gauge how the world sees the USD debt crisis vs. the EUR debt crisis). The S&P 500 has gone from 1,345.02 to 1,313.07 in 2.25 days. That's a loss of 31.95 points or a 2.4% drop. Yikes. The DJIA hasn't done much better - going from 12,681.16 to 12,399.54. That's a loss of 281.62 points or a 2.2% drop. In short - OH GOD THE SKY IS FALLING. Posted via Mobile Device

07-27-2011, 09:06 AM	#27
bobarian Cranky Habanophile Join Date: Oct 2008 Location: Wine Country Posts: 8,869 Trading: (51)	Re: Stock market speculation? Invest in cats, the new white meat.

08-02-2011, 11:01 AM	#28
Apoco Nerd with social skills Join Date: May 2010 First Name: Alex Location: Chattanooga, TN Posts: 1,286 Trading: (37)	Re: Stock market speculation? Debt ceiling bill has officially passed through. Still a lot of tension regarding where the budget cuts will hit and what amounts. I'll be watching the stock market today to see what the knee-jerk reaction is. EDIT: Already spiking up. Look to see what happens on August 2nd, 2011 from 1:00PM (eastern time) and on. A lot of fear regarding imminent melt down has been resolved but there is still the possibility of a downgrade from Moody's and a likely downgrade from S&P (they've stated a $4 trillion budget cut would be required for the US gov't to maintain its AAA rating). Whether or not the increase will sustain, continue to increase, or resume decreasing is honestly a crapshoot in my mind. Posted via Mobile Device Last edited by Apoco; 08-02-2011 at 11:09 AM.