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The Dow is where I called it to bottom at.


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#1 pstall

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Posted 19 February 2009 - 05:22 PM

Lowest level since 2002(where was the panic then?).
I think Zod had an thread before the Huddle's own crash to call the bottom.
I think we are at or near the bottom for the DOW. Not saying the economy but the Dow. Big distinction.
Nice time for a rally for the rest of Feb and early March. :hat:

*Also, read an intresting article in Esquire last night on this subject and finally someone articulated what I have been trying to say in terms of the gloom and doom and so called experts and economists.
He called it recency bias.
http://www.esquire.c...9?click=main_sr

Upon reading Krugman's work, one is hardly so surprised by the current economic crisis. But if this crisis was so foreseeable, how come so few people foresaw it?

These contracts are one manifestation of a phenomenon known as recency bias — the tendency to place too much weight on recent events. Think of the gambler who doubles her bet at the blackjack table because she's won her past couple of hands — her odds haven't changed any, but her perception of them has. FINALLY. Yes to what I have thought.


Happy investing

#2 Davidson Deac II

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Posted 19 February 2009 - 06:25 PM

We need a new story to distract people from the Stock Market and the economy. Do that, and the Dow will begin to recover.

#3 natty

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Posted 19 February 2009 - 10:03 PM

It such an interesting situation. Everyone is waiting to throw their money in the right place at the right time. Everyone thinks "well the dow can't get any lower." Everyone is waiting to make a move, they just don't want to be the first to do it.

#4 pstall

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Posted 19 February 2009 - 11:34 PM

Better to be early than late.
Gold has blown up lately. Oil steadily climbing.
Tons of money flowing OUT of treasuries. Hmm.
Me thinks the DOW is at 8500 before the Final 4. Might be too ambitious though.

#5 Panthro

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Posted 19 February 2009 - 11:52 PM

So I shouldnt have mailed my old gold chains in?

#6 Murph

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Posted 20 February 2009 - 11:11 AM

Down pretty big again this morning. Soon the bargain hunters will swoop in.

#7 Davidson Deac II

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Posted 20 February 2009 - 12:02 PM

I put all my money in pork bellies.

Its all in the belly of my piggy bank. :)

#8 Fiz

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Posted 10 March 2009 - 02:09 AM

wow you were really fuging wrong

#9 Ounce

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Posted 10 March 2009 - 08:39 AM

The bottom is 0 :cool:

#10 MyDrunkardNC

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Posted 10 March 2009 - 09:51 AM

wow you were really fuging wrong


:iamwithstupid:

#11 Matt Foley

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Posted 10 March 2009 - 09:52 AM

:iamwithstupid:


He underestimate Obamanomics, it would seem.

#12 pstall

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Posted 12 March 2009 - 03:20 PM

Better to be early than late.
Gold has blown up lately. Oil steadily climbing.
Tons of money flowing OUT of treasuries. Hmm.
Me thinks the DOW is at 8500 before the Final 4. Might be too ambitious though.


Ya think? :beatdeadhorse5:


But its only 1400 away now. :rolleyes:

http://finance.yahoo.com/

#13 Skew

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Posted 12 March 2009 - 04:43 PM

People are reporting a gain for the market yesterday. It was 4 points. A year ago they would have reported No change in the market.

#14 LiQuiD

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Posted 13 March 2009 - 09:03 AM

4 points is definitely a gain, so it should be reported as such. Despite that fact, I see no reason to expend energy doing cartwheels and backflips.

#15 pstall

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Posted 16 March 2009 - 01:42 PM

Ya think? :beatdeadhorse5:


But its only 1400 away now. :rolleyes:

http://finance.yahoo.com/



:e:rolleyes: http://finance.yahoo.com/q?s=%5EDJI

I hope some listened when I said "beware the RIDES of March"...


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