Dow falling below 8,000?

[jeninflorida]

last week I was watching the news and one of the "experts" stated that the dow will fall below 8,000 soon. What I remember is that he is a professor at Harvard but I can't remember his name. He's been talking about this for a year and on the news show (think it was cnbc) they dismissed the man saying that he's been crying wolf for a year. Any idea who he is?

 

[epiphany65]

Jamesbjohnson? :d

 

[Selena_Kitt]

Jamesbjohnson? :d

*snerk*

 

[JAMESBJOHNSON]

I predicted 8500, and everyone laughed at me.

The professor youre talking about teaches at a New York University.

 

[epiphany65]

I predicted 8500, and everyone laughed at me.

The professor youre talking about teaches at a New York University.

See... I was only half joking with my comment. I recalled the poll you made but not specific numbers.

 

[JAMESBJOHNSON]

EPIPHANY

We may get to 7000.

Right now institutions are dumping stocks to get cash, and Warren Buffet is grabbing the bargains. When Warren runs out of money the DOW will fall further. 7500 looks doable.

 

[Safe_Bet]

I predicted 8500, and everyone laughed at me.

The professor youre talking about teaches at a New York University.

Ummm, no JBJ. That wasn't why we were laughing at you.

 

[Selena_Kitt]

I predicted 8500, and everyone laughed at me.

The professor youre talking about teaches at a New York University.

I said 8000 or lower.

 

[JAMESBJOHNSON]

SAFE BET

I guarantee you provide me more laughs than vice versa.

 

[Luke's Angel]

The Dow Jones Industrial Average or simply DOW for short is an index of only thirty very large companies. If you don't have shares in those thirty companies you won't have to worry what the DOW does. It's just an index. It will eventually go back up. Granted the other indices are also going down but if you should be diversified enough so that a loss in one holding is offset by your other holdings.

Just make sure if you have direct shares or bonds in a company that said company is in good shape. The economy is sound but most companies and investments are more international now. The most important thing to remember is to be informed about your investments and think about how they are likely to do over the next few years. Do not panic.

 

[rgraham666]

The Dow does not exist, yet all things exist within it / O.K., only 30 stocks exist within it / But it seems like a much bigger deal. - Dow te ching

 

[loganforester]

The Dow does not exist, yet all things exist within it / O.K., only 30 stocks exist within it / But it seems like a much bigger deal. - Dow te ching

That's because it's being used as an overall indicator of the strength or weakness of the stock market as a whole. Depending on the companies themselves, it may or may not be overly accurate as a barometer.

 

[Tanuki]

Rhymes with oww.

 

[only_more_so]

last week I was watching the news and one of the "experts" stated that the dow will fall below 8,000 soon. What I remember is that he is a professor at Harvard but I can't remember his name. He's been talking about this for a year and on the news show (think it was cnbc) they dismissed the man saying that he's been crying wolf for a year. Any idea who he is?

Actually, the DOW was briefly below 8000 a couple of weeks ago. For like a minute. In the grand scheme of things that isn't so terrible. We were at 8000 like 5 years ago.

Also, don't trust Harvard economists. There is an old joke that if you ask 5 economists what to do you'll get five different answers, six if one of them went to Harvard.

 

[JAMESBJOHNSON]

ONLY MORE SO

8000 isnt a problem if youre Warren Buffet and got your stock as an IPO gift. But if you filled your 401K with over-valued stock, you might have a problem. It's all relative. Like buying Montana ranch land; if you pay $100 an acre for land thats worth $1, you might have a problem.

 

[SimonBrooke]

The Dow Jones Industrial Average or simply DOW for short is an index of only thirty very large companies. If you don't have shares in those thirty companies you won't have to worry what the DOW does. It's just an index. It will eventually go back up. Granted the other indices are also going down but if you should be diversified enough so that a loss in one holding is offset by your other holdings.

The DOW is indeed just an index of shares in a small basket of large corporations. But in a world where the whole economy is a basket case, there is absolutely no certainty that it will ever go up again. It may - and we'd better all hope it will - but I have a long-standing bet that I shall outlive capitalism, and I see no reason to revise that judgement.

What's interesting is to guess which major economy will be first to become a sovereign default. Sovereign default by the US would probably be enough to take capitalism out in one blow, but I think it's more likely to be death by a thousand cuts.

This has, of course, nothing whatever to do with either writing or erotica, except to say that a period of sustained recession is likely to give rise to social movements hostile to both writing and erotica.

 

[jeninflorida]

yeah my post had nothign to do with writing or erotica. just very curious as this is, I belive the first time in our history that the goverment has taken vested interest in banks, wall street, and now insurance companies. what irks me is that AIG executives wanted 600 million in bonuses after the bailout

i see your point in that we could easily become the united socialist states of america!

speaking of that, what about russia and how much power they are gaining in the world. soon, the two major world powers will be China and Russia...but with the world market tanking China will be pulled down a little but Russia has a ton of natural resources (oil and natural gas).

The DOW is indeed just an index of shares in a small basket of large corporations. But in a world where the whole economy is a basket case, there is absolutely no certainty that it will ever go up again. It may - and we'd better all hope it will - but I have a long-standing bet that I shall outlive capitalism, and I see no reason to revise that judgement.

What's interesting is to guess which major economy will be first to become a sovereign default. Sovereign default by the US would probably be enough to take capitalism out in one blow, but I think it's more likely to be death by a thousand cuts.

This has, of course, nothing whatever to do with either writing or erotica, except to say that a period of sustained recession is likely to give rise to social movements hostile to both writing and erotica.

 

[trysail]

8000 isnt a problem if youre Warren Buffet and got your stock as an IPO gift...

Huh? Wha?

What stock? ...and what on earth is an "IPO gift?"

 

[rgraham666]

What's wrong with socialism? The U.S. Armed Forces are as socialistic as it gets and nobody bitches about it.

 

[jeninflorida]

Socialism never worked and never will. sure it will work for the military but the military does not have to worry about funding. the major down side with russia was the lack of choices. almost all the resources went to fund the military and the consumer had zero choices. that is why russia is not a leader in creating new products. China has a blend, and an inexpensive labor pool (for the most part). with socialism there is a lack of choice and a lack of motivation. only under fear of war does socialism work

What's wrong with socialism? The U.S. Armed Forces are as socialistic as it gets and nobody bitches about it.

 

[voluptuary_manque]

On the contrary, Rob, there is a small and no longer significant part of the Democratic party that really wants it either disbanded or turned into the National Police Force. Not to worry, their own leadership doesn't even listen to them any more and hasn't since . . . oh, about Grenada, I think.