How low will the indices go???

[Rob]

Worried? Scared?

You guys worry too much....

Doug, I ain't scared!

[Lyehopper]

Doug, I ain't scared!

Rockin'Rob..... That picture reminds me of the Bat Boy....jejeje

[Rob]

Batboy

LOL! Lye, Batboy? It looks more like Webs had a love child with Susan Estrich.

But anyway, one of the reasons I ain't scared is because I had a heart-to-heart with Senator Clinton, and she ain't scared either.

[DSteckler]

LOL! Lye, Batboy? It looks more like Webs had a love child with Susan Estrich.

But anyway, one of the reasons I ain't scared is because I had a heart-to-heart with Senator Clinton, and she ain't scared either.

Wish I had seen that picture BEFORE lunch...urrrp........

[peanuts]

smoke em if you got em

These are my bottom predictions for the major indices:

COMPQ: 2068
INDU: 10383
SPX: 1213

When this happens, I don't know for sure but I am estimating that it will happen very close to July 4, 2006.

It's early, but....

COMPQ- low of the day (so far) was 2067... that's it, we rebound from here, but choppy trade from now to October

INDU- well, it looks like Rob's fibonacci retrace to 61.8% @ 10,734.70 is pretty dang close.

SPX- low of the day @ 1222.52... I still think we can see lower like DSteckler and I have stated.

I think we have made a major bottom today!!! This is getting ridiculous already. Hedge funds (yeah, some of you guys) and short sellers are going to feel the same pain that they have been putting on the small guys (me) for the past month.

Historically, the economy booms after resolving conflicts (IRAQ)... from what I understand (and apparantly that's not very much) things are getting much better over there. It is my guess that we will begin to get more and more oil from Iraq now. Can this be bad?

edit: Runner was right on with his strong selling program at SPX < 1245. What will you look to be selling on the bounce?

[New-born baby]

IRAQ ain't done

IRAQ is not yet done. I do believe you when you say things are getting better, but I would say it is far from over now.

[Websman]

I will continue to short the market...

[lemonjello]

blowed it up good, blowed it up real good

Not sure where you're getting the more oil from Iraq idea. As long as somebody in the Middle East is pissed off and uncontained there is always the possibility of pipeline, tanker and refinery bombing in Iraq and most other places over there. This is the 800 lb gorilla in the room that W will never ever ever mention until it happens. I'm sure he's getting briefed on it. Well, maybe. Do you think homeland security is any better than the CIA? They did a great job on New Orleans.

It's early, but....

COMPQ- low of the day (so far) was 2067... that's it, we rebound from here, but choppy trade from now to October

INDU- well, it looks like Rob's fibonacci retrace to 61.8% @ 10,734.70 is pretty dang close.

SPX- low of the day @ 1222.52... I still think we can see lower like DSteckler and I have stated.

I think we have made a major bottom today!!! This is getting ridiculous already. Hedge funds (yeah, some of you guys) and short sellers are going to feel the same pain that they have been putting on the small guys (me) for the past month.

Historically, the economy booms after resolving conflicts (IRAQ)... from what I understand (and apparantly that's not very much) things are getting much better over there. It is my guess that we will begin to get more and more oil from Iraq now. Can this be bad?

edit: Runner was right on with his strong selling program at SPX < 1245. What will you look to be selling on the bounce?

[peanuts]

Do you think homeland security is any better than the CIA? They did a great job on New Orleans.

The CIA, though not perfect, is pretty darn good. We don't get to hear of all the good things they do- normally just the big screw-ups. Homeland Security (LOL), well, they need to keep doing jumping jacks... But I think it was FEMA, not Homeland Security, that screwed up New Orleans.

[IIC]

The CIA, though not perfect, is pretty darn good. We don't get to hear of all the good things they do- normally just the big screw-ups. Homeland Security (LOL), well, they need to keep doing jumping jacks... But I think it was FEMA, not Homeland Security, that screwed up New Orleans.

Why do you think the CIA is pretty darn good???...We don't get to hear of all the good things they do...Can I ask for a coupla examples???

Reminds me of a saying...Those that can... do...Those that can't...teach...Which leads to this...Those that can work... do...Those that can't work...Work for the Government

I find it very hard to believe that the CIA is pretty darn good...Good at what???

[peanuts]

Why do you think the CIA is pretty darn good???...We don't get to hear of all the good things they do...Can I ask for a coupla examples???

Reminds me of a saying...Those that can... do...Those that can't...teach...Which leads to this...Those that can work... do...Those that can't work...Work for the Government

I find it very hard to believe that the CIA is pretty darn good...Good at what???

I'd tell you, but then I'd have to kill you

[peanuts]

These are my bottom predictions for the major indices:

COMPQ: 2068
INDU: 10383
SPX: 1213

When this happens, I don't know for sure but I am estimating that it will happen very close to July 4, 2006.


What are your predictions???

Don't worry, everyone... Peanuts know EVERYTHING!!!! jejejeje IIIIIIeeeeeee he he e eee, hngt hngt hngt



The bottom is nigh. Keep on buying!!!
I've got a giant head. You think I'm lying?

[IIC]

You were the closest last time peanuts...But although I don't know...(Crystal ball is in for a tune up)...I'd say there is a strong possibility of a major drop in the next 2 weeks...Doug(IIC)

[peanuts]

You were the closest last time peanuts...But although I don't know...(Crystal ball is in for a tune up)...I'd say there is a strong possibility of a major drop in the next 2 weeks...Doug(IIC)

Is that just your "feeling" or do you have some data or projections or something else to back it up? I'm just curious, because I based my prediction on several factors... earnings season, the holiday itself, some technical attributes, and I tried to predict general investor sentiment and then determine the best way that the big money would try to manipulate it.

From all accounts that I've read, and my own perception, as well as the perception of EVERY financial advisor in the Pittsburgh area... I think that the infusion of wealth to the baby boomers is going to fuel a long term bull market ending somewhere between 2010 to 2015. The largest gains are just about to be made as many of the baby boomers' parent's wealth is about to be transferred as they die off. I know this will affect many of the members here, and I feel sympathy for them, but these are the facts.

Western PA will see some of the largest transfers of wealth. The elderly population in this area is absolutely ENORMOUS!!!! It's like Florida here... I'm serious. I have an open resume on Monster.com and I continually get offers for inteviews from new and established financial advisors throughout the region. I went to 2 interviews for Ameriprise because I had the free time and I was going with the sole purpose and intent of learning as much as I could from them without committing to a job. The fact of the wealth transfer was brought up many times. The amount to be transferred over a 15 year period is close to 50 Trillion Dollars country-wide!!!! The big money is betting on the market over the next 10-15 years. They are hiring new people at crazy frequency and quantity. I don't know about you, but I think it is wise to follow the big money sentiment.

I am VERY bullish on American stocks for the next 10 to 15 years. The new money in the baby boomers' pockets will either go towards business profits as spending increases (medical care, travel, and computers), or into stocks either directly or through mutual funds and other group investments... The time of high liquidity is coming upon us and now is our opportunity to capitalize on it. Those people ahead of the curve will benefit the most. I have strong beliefs that big money will take the market to levels never seen before.


My opinions, I freely share
I think it's costly to be a bear

[IIC]

Geez...I never thought of Pittsburgh as a hotbed for financial advisors.

I was only speculating on the next 2 weeks based on technical indicators I look at...Doug