It's DOW 5000 for sure!

I want to go on the record been saying it for months! That would be a little closer to a proper valuation. Shorts must be having fun...

The reason for the downfall today is again the banks, as they are now asking for more money and that do not make the Markets feel any secure, this shows that the numbers been thrown out there are nothing but bogus when it comes at how much money this banks actually has lost.

Deceiving.

Still the Bank of America is now under scrutiny and trying to stop an ongoing investigation in allegations that they gave away bonuses prior to the TARP because they knew they were going to get the money back.

Also is rumors that Wall-street is asking the government to let Citcorp or citigroup collapse or bankrupt as they have waster enough of US tax payer money to fix something that is not fixable.

The best is when she was quoted as saying something like, "The united states has a great financial reputation."

Are you smoking crack Hilary?

Seriously....that has got to be the most ignorant thing I've ever heard. The Chinese had to roll their eyes at that one.

New Zealand and Australia open first so that's the first reaction gauge to watch...


New Zealand
NZX 50 FF GROSS INDEX 2,518.29 -20.00 -0.79% 16:02
NZX TOP 10 INDEX 746.84 -7.68 -1.02% 16:01
NZX 15 GROSS INDEX 4,678.14 -44.95 -0.95% 16:02
NZX ALL INDEX 638.36 -5.17 -0.80% 16:02

and the verdict is in...

NZX 50 FF GROSS INDEX 2,505.20 -33.08 -1.30% 16:14
NZX TOP 10 INDEX 743.68 -10.84 -1.44% 16:12
NZX 15 GROSS INDEX 4,659.33 -63.76 -1.35% 16:14
NZX ALL INDEX 635.97 -7.56 -1.17% 16:17

New Zealand
NZX 50 FF GROSS INDEX 2,499.22 -39.06 -1.54% 16:46
NZX TOP 10 INDEX 743.13 -11.39 -1.51% 16:47
NZX 15 GROSS INDEX 4,648.04 -75.05 -1.59% 16:47
NZX ALL INDEX 635.67 -7.86 -1.22% 16:33

NZX 50 FF GROSS INDEX 2,494.32 -43.96 -1.73% 17:02
NZX TOP 10 INDEX 740.70 -13.83 -1.83% 17:01
NZX 15 GROSS INDEX 4,645.24 -77.84 -1.65% 17:02
NZX ALL INDEX 635.36 -8.17 -1.27% 16:48

sorry...done for now...just posting the lower trend for all to see...

[edit on 2/23/2009 by Hx3_1963]

The bottom will be about 5000

YAY! Burn baby burn!

It's funny that people think the stock market diving is a bad thing. It's funny cause the cheaper the stocks go the better it will be in the long term. Think about people who wish they could have bought into microsoft when it was cheap? Well do you think that the market will be in the toilet forever?

It will eventually rebound and build up again and people will be able to buy into companies for a fraction of what they could previously. When people start throwing their money into the markets again and stock prices go back up people will make a killing.

Course let's look at the short term not the long term.

Originally posted by whatukno
The bottom will be about 5000

YAY! Burn baby burn!

It's funny that people think the stock market diving is a bad thing. It's funny cause the cheaper the stocks go the better it will be in the long term. Think about people who wish they could have bought into microsoft when it was cheap? Well do you think that the market will be in the toilet forever?

It will eventually rebound and build up again and people will be able to buy into companies for a fraction of what they could previously. When people start throwing their money into the markets again and stock prices go back up people will make a killing.

Course let's look at the short term not the long term.

Sorry but it's not that simple. If it were that simple we wouldn't be in this mess. The markets will need major restructuring to regain consumer confidence, I also think we should eliminate the short and carefully think about margins. jmo

its a great time to buy i am sorry

i follow the stock market when it hit 14000 it will agian go up

real estate and stocks are a steal right now-thing is yes it will slide down even more but it will go up it always goes up.

timing and patience...........


altho for it to go up obama needs to be gone that is a fact. when in his own words dont pay attention to the daily "gyrations" of the stock market


i dont get why he hates the rich so much hes rich private plane etc.


i started following gold in 2006 when it was $500 and ounce 2 times since then its hit the $1000 mark.

if your scared about losing money invest in gold it will always have value unlike stock cause i am telling you this gold will never pull a citibank. less than a buck a share