-500 today. How many tomorrow?

[Rochester]

I'm feeling rather cynical today, so I'm betting on -650 to -700 and maybe trip the "circuit breakers".
What say you guys?

[originalpckelly]

1. WTFK?

Who the fuck knows?

[banned from Kos]

2. Down 100 on the Dow and 20 on the S&P

Oil closed at $86 - will get back to $89 and pull up all the energy companies.

VIX was up 30% today - that says the market is real nervous though.

[MineralMan]

3. Sufficient unto the day is the evil thereof.

Tomorrow's another day. We'll see what transpires. As far as the stock market is concerned, today is over.

[valerief]

4. They'll break 1000 tomorrow with our luck. Maybe 2000. What does it matter?

They're going to take away ALL our social safety nets and let us rot and die, because that's what they do. And men with guns let them do it to us.

[jpak]

5. It depends on the jobs numbers to be released tomorrow

yup

[Poll_Blind]

6. Oddly, I'm thinking there's a possibility of a bear morning and bull afternoon.

That's mostly because I'm not seeing where this liquidity is flowing to- even gold is down. I think they're likely taking profits now, wheedling out the fearful/gullible and then snapping up late in the day.

None of this implies faith in the market or anything like that- I'm just not seeing where all of this is going to flow to. Not to land, not to treasury notes, not to gold, etc. I think a few hours before close tomorrow some of that is going to come back.

PB

[DJ13]

7. At least similar to today unless Italy/Greece blow up the EU

Then all bets are off.

The unemployment numbers come out in the morning, and those by themselves could be bad enough to knock off a few hundred points after the open.

[Skip_In_Boulder]

8. Could depend on the jobs report that comes out tomorrow

At 8:30 tomorrow morning, the July jobs report will come out, and it’s almost certainly going to be pretty miserable, with headline employment growth of maybe 100,000 new jobs, significantly less than needed just to keep up with population growth. The jobs report is rightly renowned as the most market-moving of all economic indicators, and so market action in the immediate wake of its release is closely watched.

http://blogs.reuters.com/felix-salmon/2011/08/04/what-does-the-stock-sell-off-mean/

But if they are negative, which seems to be the expectation, it could be another day of sell offs.

[JoePhilly]

9. Cool.

When the DOW hit 12,500 I converted gains to cash so I'd have cash ready in case there was a GOP created panic during the debt fight.

And I almost jumped in today. But I'm going to wait.

The DOW was ~9800 this time last summer. So we are still way above that.

It was 6500 in March of 2009 ... we are WAY above that.

And so, while I have cash on the sidelines, I'll wait. The DOW shouldn't drop under 11,000. But in a panic, it definitely could. I could see us hitting 10,500. Of course, the GOP wants to tank the economy, and so we could see more short term drops. More panic selling. And so we could drop to 10,500.

If you have cash at the ready ... buy back in each time we fall below a 500 point level. Spread out those investments.

The rich get rich in part thanks to "fire sales", in which the suckers sell after a crash, and the rich buy from the suckers.

On edit: Never take investment advice on DU. And definitely not from me. Make your own decisions.

[blueclown]

10. Up 1000 points.

Higher unemployment means higher corporate profits.

[cbdo2007]

11. I hope we're up 100 points tomorrow, just to hear everyone's "reasoning" behind

the recovery. hahaha.

That is the best part, on up days and down days is to find the spin when usually there is no real spin, just speculation.

[DCBob]

12. I think it stabilizes eventually.. there is really no place else for investors to go..

this is a modest correction.