HOLY SMOKES : Did i read this right? Dow below 10,000 S&P;1,100 Nasdaq 1500. Is this possible by October?

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Boyle has been consistent in predicting sharp stock downturns this year, and says that by October the Dow will slip below 10,000 and the S&P;will tumble to 1,100 or lower, and the Nasdaq tech barometer is on its way to between 1,500 and 1,600.



Let's get the bulls and bears out here. I sort think that today's rally is sort of artificially optimistic as Gustav did not cause any major damage. Keep in mind there are three more hurricanes right behind Gustav headed our way. Still faced with major credit and mortgage problems behind our back, could this rally be for real, or a simple manipulated dollar prop up without any fundamentals backing it up? I've also heard rumors that the U.S. is ready to attack the Saudis. If they completely cut off our oil supply are we still going to see below $100 gas prices then?



Bulls and Bears. State your opinion.



Panda
 
Just an opinion.



Just like when you had the bull market and Dow 20,000.



Take it all with a grain of salt.



You are very very impressionable and like to jump up and down on anything. :/
 
[quote author="optimusprime" date=1220402733]Just an opinion.



Just like when you had the bull market and Dow 20,000.



Take it all with a grain of salt.



You are very very impressionable and like to jump up and down on anything. :/</blockquote>


I hear ya... Harry Dent from the book "The Great Boom Ahead" lost a lot of credibility when he predicted DOW will be at 40,000 by 2009/2010. I highly doubt that is going to happen. Any Bulls want to make a statement??
 
[quote author="optimusprime" date=1220402875]One more thing..Bill Gross called for Dow 6,000 not too long ago.</blockquote>


The question is by when did Bill Gross predict this? My end of this year ?? I highly doubt it... By 2010 - 2012...?? This may be possible as the DOW was in the 7000 range in 2002. If you bought the DOW at the top of the market in 2000, I think you are still under water eight years later.
 
[quote author="PANDA" date=1220403233][quote author="optimusprime" date=1220402875]One more thing..Bill Gross called for Dow 6,000 not too long ago.</blockquote>


The question is by when did Bill Gross predict this? My end of this year ?? I highly doubt it... By 2010 - 2012...?? This may be possible as the DOW was in the 7000 range in 2002. If you bought the DOW at the top of the market in 2000, I think you are still under water eight years later.</blockquote>


http://money.cnn.com/2002/09/06/markets/pimco/index.htm



You make me want to become a bull again Panda.
 
[quote author="optimusprime" date=1220403341][quote author="PANDA" date=1220403233][quote author="optimusprime" date=1220402875]One more thing..Bill Gross called for Dow 6,000 not too long ago.</blockquote>


The question is by when did Bill Gross predict this? My end of this year ?? I highly doubt it... By 2010 - 2012...?? This may be possible as the DOW was in the 7000 range in 2002. If you bought the DOW at the top of the market in 2000, I think you are still under water eight years later.</blockquote>


http://money.cnn.com/2002/09/06/markets/pimco/index.htm



You make me want to become a bull again Panda.</blockquote>


What is the Dow, Naz, and S&P;in real dollars, (inflation adjusted), compared to 2000?
 
[quote author="awgee" date=1220405743][quote author="optimusprime" date=1220403341][quote author="PANDA" date=1220403233][quote author="optimusprime" date=1220402875]One more thing..Bill Gross called for Dow 6,000 not too long ago.</blockquote>


The question is by when did Bill Gross predict this? My end of this year ?? I highly doubt it... By 2010 - 2012...?? This may be possible as the DOW was in the 7000 range in 2002. If you bought the DOW at the top of the market in 2000, I think you are still under water eight years later.</blockquote>


http://money.cnn.com/2002/09/06/markets/pimco/index.htm



You make me want to become a bull again Panda.</blockquote>


What is the Dow, Naz, and S&P;in real dollars, (inflation adjusted), compared to 2000?</blockquote>


http://www.dollartimes.com/calculators/inflation.htm



I ran $1 in 2000 is worth $1.25 now....so basically all indices in real $$ is worth about 25% less.
 
this thread is basically asking what's already been talked about heavily -- is there still downside to the market? holy smokes reaction seems bit dramatic.
 
[quote author="optimusprime" date=1220406224][quote author="awgee" date=1220405743][quote author="optimusprime" date=1220403341][quote author="PANDA" date=1220403233][quote author="optimusprime" date=1220402875]One more thing..Bill Gross called for Dow 6,000 not too long ago.</blockquote>


The question is by when did Bill Gross predict this? My end of this year ?? I highly doubt it... By 2010 - 2012...?? This may be possible as the DOW was in the 7000 range in 2002. If you bought the DOW at the top of the market in 2000, I think you are still under water eight years later.</blockquote>


http://money.cnn.com/2002/09/06/markets/pimco/index.htm



You make me want to become a bull again Panda.</blockquote>


What is the Dow, Naz, and S&P;in real dollars, (inflation adjusted), compared to 2000?</blockquote>


http://www.dollartimes.com/calculators/inflation.htm



I ran $1 in 2000 is worth $1.25 now....so basically all indices in real $$ is worth about 25% less.</blockquote>


Thanks Opti, I guess that means the Dow is about $8,636 in year 2000 dollars, the Naz is about $1,763, and the S&P;is about $958, oil is about $79, and gold is about $606. Does that sound about right? I am having a difficult time finding some ten year charts, so if anybody can do better with the following numbers, feel free. It appears the Dow was about $10,000 in year 2000, the Naz at $5,500, the S&P;at $1900, oil at $15 ?, and gold at $275.


/




And I point out that CDs or US bonds have lost "real" value since 2000.




/




Y'all may consider listening to the Panda.
 
Here's my predication for what this year's lows will be for the markets...



Dow - 10,000

NASDAQ - 2,000

S&P;- 1,100



These are all about 10-12% drops from today's levels.



The price of Oil will go below $90/barrel before year end and gold will go below $750/oz Anything that shot up like a rocket in price is coming back down to earth.
 
[quote author="usctrojanman29" date=1220411837]Here's my predication for what this year's lows will be for the markets...



Dow - 10,000

NASDAQ - 2,000

S&P;- 1,100



These are all about 10-12% drops from today's levels.



The price of Oil will go below $90/barrel before year end and gold will go below $750/oz Anything that shot up like a rocket in price is coming back down to earth.</blockquote>


I don't know about the NASDAQ at 2,000. I am not sure what's up? The tech sector has been taking a real beating lately. It seems like you agree with the number for the DOW and S&P;with the article above. Why Nasdaq at 2000? Any reason?
 
<blockquote>Thanks Opti, I guess that means the Dow is about $8,636 in year 2000 dollars, the Naz is about $1,763, and the S&P;is about $958, oil is about $79, and gold is about $606. Does that sound about right? I am having a difficult time finding some ten year charts, so if anybody can do better with the following numbers, feel free. It appears the Dow was about $10,000 in year 2000, the Naz at $5,500, the S&P;at $1900, oil at $15 ?, and gold at $275.

And I point out that CDs or US bonds have lost ?real? value since 2000.

<span style="color: red;">Y?all may consider listening to the Panda.</span> </blockquote>
Careful awgee, we might start calling Panda "Mini Me." :lol:
<fieldset class="gc-fieldset">
<legend> Attached files </legend> <a href="http://www.talkirvine.com/converted_files/images/forum_attachments/112_wt018gtTSUhJlfwjAyL7.jpg"><img src="http://www.talkirvine.com/converted_files/images/forum_attachments/112_wt018gtTSUhJlfwjAyL7.jpg" class="gc-images" title="mike_myers7.jpg" style="max-width:300px" /></a> </fieldset>
 
[quote author="CalGal" date=1220417508]<blockquote>Thanks Opti, I guess that means the Dow is about $8,636 in year 2000 dollars, the Naz is about $1,763, and the S&P;is about $958, oil is about $79, and gold is about $606. Does that sound about right? I am having a difficult time finding some ten year charts, so if anybody can do better with the following numbers, feel free. It appears the Dow was about $10,000 in year 2000, the Naz at $5,500, the S&P;at $1900, oil at $15 ?, and gold at $275.

And I point out that CDs or US bonds have lost ?real? value since 2000.

<span style="color: red;">Y?all may consider listening to the Panda.</span> </blockquote>
Careful awgee, we might start calling Panda "Mini Me." :lol:</blockquote>


It is an honor for Panda to follow the foot steps of "The Awgee"



CalGal, you cannot deny... this brother understands what's goin down. He's got it.
 
[quote author="PANDA" date=1220418936][quote author="CalGal" date=1220417508]<blockquote>Thanks Opti, I guess that means the Dow is about $8,636 in year 2000 dollars, the Naz is about $1,763, and the S&P;is about $958, oil is about $79, and gold is about $606. Does that sound about right? I am having a difficult time finding some ten year charts, so if anybody can do better with the following numbers, feel free. It appears the Dow was about $10,000 in year 2000, the Naz at $5,500, the S&P;at $1900, oil at $15 ?, and gold at $275.

And I point out that CDs or US bonds have lost ?real? value since 2000.

<span style="color: red;">Y?all may consider listening to the Panda.</span> </blockquote>
Careful awgee, we might start calling Panda "Mini Me." :lol:</blockquote>


It is an honor for Panda to follow the foot steps of "The Awgee"



CalGal, you cannot deny... this brother understands it. He's got it.</blockquote>
Awgee and I do not agree on everything.

But that's what makes this blog interesting - a variety of opinions.
 
http://www.huffingtonpost.com/dan-kovalik/the-october-surprise-may_b_123222.html



OMG!!! Is U.S. really going into war with Iran?? If this really goes down... USC Tojan, I am not so sure that your prediction of the price of Oil will go below $90/barrel before year will come to pass.. We may be seeing $180 if Iran really screws us by cutting our supply of oil? What if Iran teams up with Russia?



We have credit problems, we have mortgage problems, and now we may be going into war with Iran. What the Heck?? What is George Bush smoking???? Where is all this money going to come from? From the U.S. citizen's butts?? Does he not care about us? Will someone tell me what's going on???



The U.S. is planning to attack Iran "within weeks."



Is The source for this information, as noted in the article, is the Dutch intelligence service (also known as the AIVD). According to the article, the AIVD has called off its ongoing spy operation in Iran, and pulled out its intelligence operatives, "due to an assessment that a US attack on the Islamic Republic's nuclear program is imminent . . . ."



This article also reported that Iran has warned that if such an attack went forward, "it would be the start of another World War."



This is all stressing me out.. It is time for Panda to take a nap.
 
[quote author="PANDA" date=1220420490]http://www.huffingtonpost.com/dan-kovalik/the-october-surprise-may_b_123222.html



OMG!!! Is U.S. really going into war with Iran?? If this really goes down... USC Tojan, I am not so sure that your prediction of the price of Oil will go below $90/barrel before year will come to pass.. We may be seeing $180 if Iran really screws us by cutting our supply of oil? What if Iran teams up with Russia?



We have credit problems, we have mortgage problems, and now we may be going into war with Iran. What the Heck?? What is George Bush smoking???? Where is all this money going to come from? From the U.S. citizen's butts?? Does he not care about us? Will someone tell me what's going on???



The U.S. is planning to attack Iran "within weeks."



Is The source for this information, as noted in the article, is the Dutch intelligence service (also known as the AIVD). According to the article, the AIVD has called off its ongoing spy operation in Iran, and pulled out its intelligence operatives, "due to an assessment that a US attack on the Islamic Republic's nuclear program is imminent . . . ."



This article also reported that Iran has warned that if such an attack went forward, "it would be the start of another World War."</blockquote>
Panda, I think you thrive on drama.

It's getting old.
 
[quote author="CalGal" date=1220420862]Panda, I think you thrive on drama.

It's getting old.</blockquote>


But he is proving to be very resilient in the face of oft-times scathing comments and criticism. I don?t see how he keeps it going.

<span style="color: white;">

.

.

.

.</span>Edit: Check it out. With this post I am now <strong><span style="color: blue;">Living with Parents</span></strong>.
 
We don't get oil from Iran. We boycott their goods.



We won't attack the Saudis. Bush's dad and the Carlyle group would not approve.



The Saudis do not produce a lot of light sweet crude, which is used for fuel. Heavy crude is used for other products like plastic. If we ever did attack it would screw China 10 times more than us. Again, we won't attack the Saudis.



BTW, how has the dollar done the last two weeks? How did it do today?
 
[quote author="graphrix" date=1220422020]We don't get oil from Iran. We boycott their goods.



We won't attack the Saudis. Bush's dad and the Carlyle group would not approve.



The Saudis do not produce a lot of light sweet crude, which is used for fuel. Heavy crude is used for other products like plastic. If we ever did attack it would screw China 10 times more than us. Again, we won't attack the Saudis.



BTW, how has the dollar done the last two weeks? How did it do today?</blockquote>


Graph, you seem to be a very smart guy. Yes, the dollar did rally from its bottom for the past three weeks and yes, it did rally today crushing Commodities, Euros, Swiss Francs, and the London Pound. Let me ask you question? What do you believe are the true fundamentals allowing this dollar to rally? What economic factors are causing this rally in our dollar? Do believe it is happening naturally or there is some manipulation happening behind the scenes? It is interesting that several banks took big stakes on shorting gold all around the same time in August when gold made a significant drop. Was this luck or was this manipulation?



You have reminded me many times not to bet against the dollar. Why do believe that dollar has now finally come off the bottom and now it will rally against all commodities and other strong foreign currencies in the next 5 years?



http://www.marketwatch.com/news/story/big-jump-gold-sale-spurs/story.aspx?guid={25D66623-29F3-434B-9B7A-5CE76D3C38F9}&dist=hpts
 
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