Are we going to see the collapse this week?

[quadriga]

What are the predictions? Does anybody know? Things aren't looking good.

[ThomWV]

1. It will be just like last week. Up a little at first, down by the end of the week.

[skooooo]

2. except last week ended pretty much even..

..didn't it?

[ingac70]

4. For the week, the Dow had a modest gain...

the NASDAQ had no change, and the S&P dropped.

[ThomWV]

5. I'm sorry, you're right, started at 11,740 and ended at 11,951, up 200+

I should have looked rather than rely on my soggy old memory. Please accept my apology.

[ingac70]

7. No need to apologize to me.

:-)

[Birthmark]

3. Possible.

Keep an eye on the Asian markets in a few hours. They're not necessarily a good barometer of what will happen here but if they drop REAL badly this may well be "it." Frankly, I'm in no hurry. If they can keep it tottering but upright for another six months or so, I'll be a very happy camper.

If they don't, they'll be a LOT of unhappy campers --literally.

[skooooo]

10. What's so important about six months? nt

[Birthmark]

14. I'll just be a bit organized.

I've been planning a move for a while. I'd like to be settled in before the implosion. I don't want to do a Bruce Willis thing from the Fifth Element, driving away with flaming wreckage all around me. :)

So, it's largely personal, though it strikes me that six months would give everyone time to do a little preparing.

[ThomWV]

6. Let me say it this way, its not going to go like a firecracker, it'll be more like a melting candle

Rapidly melting maybe, but its not just going to collapse.

[zonmoy]

15. I disagree.

I figure that it will be close to putting a ton of antimatter in the financial districts of the world.

[Maggie_May]

8. I don't see a collapse but

with another rate cut coming I see oil and gold up. Oil 112 a barrel by the end of the week.

[skooooo]

9. I'd like to research the recession(s) of the 1970s..

..and see if there wasn't similar "panic." We're so given to hyperbole anymore, it's hard to know how seriously to take anything.

[high density]

11. I tune it out and act as if the hyperbole isn't there

I have a defined method of investing and it doesn't change whether or not the market is up or down. Stocks are the only thing I can think of where people hate being able to buy them on sale.

[skooooo]

12. lol...

In other words, you're saying "this too shall pass?"

[high density]

13. Ayuh

That's the only philosophy I can think of following for the next 40+ years when it comes to money. There's no sense worrying about things you can't control.