Wow! the Market just closed with the Dow under 8000

[MindPilot]

7995
Nasdaq under 1400

[Name removed]

1. Deleted message

Message removed by moderator. Click here to review the message board rules.

[goforit]

2. And if Obama keeps picking his conservative staff it will fall below 6000!!!

[MindPilot]

4. As much as it hurts, I have to agree with you!

:nuke:

[Freddie Stubbs]

5. Which conservatives has he hired?

:shrug:

[MindPilot]

6. Let's just say people who are not as progressive as we'd like

[Bake]

11. That doesn't make them conservatives.

Some people here want only appointees to the left of Dennis Kucinich.

Bake

[Two Americas]

20. not so

That is unfair to say that "some people here want only appointees to the left of Dennis Kucinich." But even if true, so what? There are also people here who would object to Kucinich. Again, so what?

I don't think this has to do with the left-right paradigm your post implies. People are looking for two things - an administration that reflects the massive swing to the left that is happening with the general public; a rejection of those who have compromised and rolled over for the right wing and who hold some promise of taking a more aggressive stance and utterly repudiating the Bush doctrine on foreign policy, the growing police state, and the influence of corporations over the government. That is not necessarily "far left" or fringe as you imply with your Kucinich remark.

Those expectations are entirely rational and legitimate, and are completely in keeping with the implicit promise of the Obama campaign. Dragging out the Kucinich red herring is a tactic to discredit and trivialize legitimate and well-founded criticism.

[TahitiNut]

3. Settlng at about 7998.

:shrug:

[JuniperLea]

7. The sooner it hits its actual support level, the better for all concerned

This has nothing to do with Obama... that is completely ridiculous. It has nothing to do with his being elected, nor has it anything to do with his choices in cabinet members. This has solely to do with an over-inflated market trying to get back to normal. Nature seeks a balance, and so does the stock market. The numbers were so high, so unreal; there's no way it could last because it wasn't based in reality.

Since we've hit the high water mark of 8400, and it's still dropping, it's likely we won't see it settle down until it reaches 7900 - 7400... that's just reality, folks.

Now, let me count the eyes on my potatoes so I know how to buy in the futures market... I kid!

[MadrasT]

8. Nothing at all to do with Obama

And I think your 7900-7400 range is optimistic.

[JFN1]

9. It depends

we've been so long under-regulated, we really and truly don't know how bad it actually is out there. I think 7000 or below is feasible.

[tama]

12. Bottom

at least temporary one, might be seen somewhere between 2000-4000.

[lib2DaBone]

14. I agree... we could see 3,700 to 4,500 before it bottoms......

[lumberjack_jeff]

16. I'm predicting 6800. I hope I'm right. n/t

[JuniperLea]

18. I heard 7200 yesterday

From someone at the Milliken Institute. They've been fairly accurate in their assumptions lately. I can see the need to rework numbers as things change.

[onethatcares]

10. msn news says

"Fed lowers expectations for economy". Wonder what their first clue was?

[opihimoimoi]

13. The Bush Depression has Begun....he is the Grinch that is stealing Christmas this year

Bush went and fucked our economy and our Christmas this year will be ruined...

He is the Cause of our Depression....asshole he is...

[JuniperLea]

19. I think we need to keep calling it that

The Bush Depression... his legacy to America.

[Skwmom]

15. Solution: We need to appoint the same people that pushed for the deregulation that gave us this.

I mean it's really a no brainer. They are called brilliant by so many. I mean it takes really, really, really brilliant people to screw things up this bad. It's not like people didn't warn them, but why would anybody have listened to those stupid people.

These are strange times we live in.

[MazeRat7]

17. Yes and I'm buying...

Talk about a fire sale... I started buying @ DJIA=8200 and plan to do so all the way down to increase my position on those US lag caps, with global exposure, that pay dividends.

I'm also picking up some tech's and materials @ like 50% off.... there are a lot of undervalued companies right now... pick wisely.

We have tested the lows... yes there will be more, but limited downside, then its back to under 12k in the next 18months... IMHO.

Peace,
MZr7