How Far Does the Dow Sink

[BigdaddyQH]

Right now I am heavy into fading the Dow, and financial institutions. My question is how far do you think the Dow will drop? Do I reverse course when it hits 9000, or 8500, or lower? Thoughts please.

[rjb1816]

how exactly are you fading the dow? please let us know

[rjb1816]

and please post what your positions are so that we may truly know that you are making money rather than "past posting" your bs all over the mall

[chibob]

There is a solid program here at 5 AM on SCOR radio. The two main guys are awesome. They thought 7500 was very possible.

[Jimmy K]

i believe we will see the dow hit around 7500-7800 and that will be the bottom. we have some factors in play here with the ending of the shorting ban. seems we have a ton of shorts against the market spiders which is causing chaos, combined with shorting of individual corps as well right now. today was scary because volume was light and the dow was down 600, tomorrow should be another light day as we end the jewish holiday and go into columbus weekend, i think next week will be the bottom, you will know it is here when we have huge volume and a knockout punch to the market and i do believe that punch will come next week when all traders are back and can wreak havoc.

lots of names at retarded lows, i am compiling a list of stocks to buy next week, here are a few that i have so far:

qsii, nice, j+j, crs, c, ebay, qcom, cmed, mr, gs, ge, wfc

for you long term investors, remember not to panic, these are the chances every investor waits for, a moment when you can buy at sick lows and let it ride because you will make a killing long term. this has been a great traders market and probably will remain so short-term, however the stars are aligning for some great long term bets.

[revnecro1273]

Originally Posted by BigdaddyQH

Right now I am heavy into fading the Dow, and financial institutions. My question is how far do you think the Dow will drop? Do I reverse course when it hits 9000, or 8500, or lower? Thoughts please.

so why don't you wager on the down option for the dow jones each day?

[Romanowski]

you can short the S&P, thats about the only position i can think of right now

Jimmy nice list, and I agree on 7500. What do you think about EMC?

Quarter after quarter show nice margin

[Jimmy K]

Originally Posted by Romanowski

you can short the S&P, thats about the only position i can think of right now

Jimmy nice list, and I agree on 7500. What do you think about EMC?

Quarter after quarter show nice margin

i love emc as well bro, great company and the margins are excellent, i have them on my radar for the bottom as well.

[BigdaddyQH]

You can short the S & P and the Dow, which obviously would be making you a small fortune, especially over these past two weeks. I will continue to short the Dow until it crashes below the 8000 level, which will probably be tomorow. Then I might get out of the American Market.

Kelsey Grammar, a very good comedian/actor and investor, suggested that if Obama appears to be the winner of the election, now would be a good time to get out, before he, Pelosi, and the other idiot Libs raise the Capitol Gains tax, like they want to do. I certainly respect his thoughts and judgements. I may just step aside for a while until I see how much damage Obama does to the economy and tax structure.

There are other plays that are available, but the market must bottom out. Gm would be a good play if WarrenBuffett continues to dump big money into the company. GM lost 20% of it's value again today. Just an example. But first, the market must bottom out. I hope that I was not the only person fading the market of late. All you had to do was to pay attention to what was going on to know this was coming.

[Bisket]

7,000 will be the bottom

[rjb1816]

who knows when it will hit bottom with the way these numbers are coming out....hedge funds rolling over every day. Once stocks become too valuable to pass up, which we may see in the coming weeks. Me personally, i'm gonna wait about 2 weeks and then put my savings in the S&P

Shareholders took $43.5 billion from stock funds last month and $28.8 billion from bond funds, according to data compiled by TrimTabs Investment Research in Sausalito, California. The exodus continued in the first week of October, with an additional $49.3 billion of outflows.