Dow predictions for today

[Eraserhead]

-700 or so

Hopefully I'm way off.

[Queen Mum Inks.LWC]

-456.78

[opebo]

Off 500+ points.  This will be the norm more often than not for the next year.  Dow should be around 4000 or less by the end of 2009. 

The lack of an auto bailout sets a rather spectacularly bad precedent for policy in this depression.  Just like the 30s, it will take at least a half-decade of misery before people face what needs to be done.

[Lunar]

The bailout would have passed after January 20th, I'm not sure what this is a precedent for besides the lame duck period of the Bush presidency (and Bush even packed the plan).

[opebo]

The bailout would have passed after January 20th, I'm not sure what this is a precedent for besides the lame duck period of the Bush presidency (and Bush even packed the plan).

That's precisely the point - the plan is being blocked by anti-worker right-wing senators, not by Bush.   I have no confidence it will pass after Jan. 20th, and in any case that will probably be too late.

[Queen Mum Inks.LWC]

Off 500+ points.  This will be the norm more often than not for the next year.  Dow should be around 4000 or less by the end of 2009. 

The lack of an auto bailout sets a rather spectacularly bad precedent for policy in this depression.  Just like the 30s, it will take at least a half-decade of misery before people face what needs to be done.

Who's off?  Me or Eraserhead?

[Lunar]

The bailout would have passed after January 20th, I'm not sure what this is a precedent for besides the lame duck period of the Bush presidency (and Bush even packed the plan).

That's precisely the point - the plan is being blocked by anti-worker right-wing senators, not by Bush.   I have no confidence it will pass after Jan. 20th, and in any case that will probably be too late.

It would be too late, but it's hardly a precedent.

It would have passed with an extra 7 Democrats.  It easily passed in the House.

[Eraserhead]

Off 500+ points.  This will be the norm more often than not for the next year.  Dow should be around 4000 or less by the end of 2009. 

The lack of an auto bailout sets a rather spectacularly bad precedent for policy in this depression.  Just like the 30s, it will take at least a half-decade of misery before people face what needs to be done.

Who's off?  Me or Eraserhead?

He means that the Dow will be off 500+ from where it is currently.

[Queen Mum Inks.LWC]

Off 500+ points.  This will be the norm more often than not for the next year.  Dow should be around 4000 or less by the end of 2009. 

The lack of an auto bailout sets a rather spectacularly bad precedent for policy in this depression.  Just like the 30s, it will take at least a half-decade of misery before people face what needs to be done.

Who's off?  Me or Eraserhead?

He means that the Dow will be off 500+ from where it is currently.

That's what I thought too, but then, the second half of that doesn't make sense:

Off 500+ points.  This will be the norm more often than not for the next year.  Dow should be around 4000 or less by the end of 2009.

If being up is the norm, it won't be at 4000.

[opebo]

He means that the Dow will be off 500+ from where it is currently.

That's what I thought too, but then, the second half of that doesn't make sense:

Off 500+ points.  This will be the norm more often than not for the next year.  Dow should be around 4000 or less by the end of 2009.

If being up is the norm, it won't be at 4000.

Jesus christ can you not read man?  Being off over 500 points will be the norm, more often that not, and the net result of these ups and downs, mostly downs, will be a dow at 4000.

just becuase I put a + sign there doesn't mean it will go up, it means that the amount it will be down will be 500+, in other words five hundred or more.

[Queen Mum Inks.LWC]

He means that the Dow will be off 500+ from where it is currently.

That's what I thought too, but then, the second half of that doesn't make sense:

Off 500+ points.  This will be the norm more often than not for the next year.  Dow should be around 4000 or less by the end of 2009.

If being up is the norm, it won't be at 4000.

Jesus christ can you not read man?  Being off over 500 points will be the norm, more often that not, and the net result of these ups and downs, mostly downs, will be a dow at 4000.

just becuase I put a + sign there doesn't mean it will go up, it means that the amount it will be down will be 500+, in other words five hundred or more.

Got it.  Sorry.

[opebo]

Got it.  Sorry.

I'm sorry too - that I snapped at you.  I'm just irritated by the willful plan to destroy the economy by the right wing.

[I spent the winter writing songs about getting better]

Wow, actually up very slightly so far. Maybe people have realized a bailouts going to happen eventually though.

[ChrisFromNJ]

The DJIA is a facade. Please don't microanalyze it too much. It's not worth your time. There are better indications of just how F'ed up our economy really is.

[Eraserhead]

It's up because everyone expects the WH to step in and use TARP funds, which is becoming increasingly likely as the day goes on.

That would be one of the very few epic win moves employed by this White House.

[phk]