What will the stock market / Dow Jones tomorrow?
I do not know much about financial markets, it is not my field, but I was wondering how you all think that the market will do tomorrow? Can it be stabilizing somewhat, ending almost the same that Today, rush, or completely collapse? What is your guess?
December 11th, 2009 at 5:40 pm
the sound you hear is the crash.
80 years ago executives jumped out of windows, now the middle-class will be jumping out of windows.
December 11th, 2009 at 6:37 pm
It will go down farther than it will come up….
December 11th, 2009 at 7:18 pm
Based on the fact that the market ended in the 600s, but settled out post-close at -778, it will likely start down and look for a reason – news regarding the bailout status – to rebound. It will likely make wild swings throughout the day based on the market’s perception of news snippets throughout the day
Markets like this are tough to read on a day or intraday basis, but there is plenty of stored energy for a big rally if/when the agreement is finalized.
Please note that no one jumped out of windows in 1929 – this is a myth. We are nowhere near the level of 29, as long as the Fed takes countermeasures to aid liquidity. We need the bailout for this purpose alone.