Will the Dow fall below 7000 this week?

[cali]

And what does that portend if it does? Will it hamper Obama's agenda?

[MercutioATC]

1. It'll fall below 7000 TODAY.

...maybe below 6900.

[Kurt_and_Hunter]

2. The Dow will open below 7000 about ten minutes from now

(futures indicate...)

[brazos121200]

3. It will fall below 7000 but will not hamper Obama's agenda. As

the economy worsens and people become more desperate for relief, they will begin to DEMAND action, not just go along with it. This will give Obama a unique opportunity to act boldly with sweeping change, including much control of the economy by the government. He must act fast, however, because if these measures don't bear results by November 2010, the repubs could sweep back into power as they did in 1994.

[alex45]

4. It must go down..

I think it remains in 6800

Drug Intervention Colorado

[HughMoran]

5. Shut up!

I'm already on constant puke alert with no job now and investments worth crap on a stick.

:puke:

[Skink]

6. In the year 2000. Triumph the insult comic dog gets into the stock market.

[distantearlywarning]

7. The Dow will fall below 7000 in the next half hour.

[GoesTo11]

8. It has. 3 minutes in.

Doesn't mean much for Obama's agenda. It's just a game at this point.

[Zynx]

9. It has as of this moment. It won't hamper Obama's agenda since this is still

George Bush's stock market.

[MadHound]

10. It just did

Opened up three minutes ago and fell off a cliff. Next stop:shrug:

[Warpy]

11. Will it fall below 6000 this week, you mean

It's on its way to 4000, IMO, and that's if the Obama team does all the right things. It's on its way below 1000 if they don't.

What's happening is that all the funny money that had nothing holding it up but debt people had no hope of paying plus bets on how soon they'd default is evaporating. It's taking the paper value of just about everything with it.

It hurts to watch, but it's necessary. There is no way to sustain an economy on DEBT.

[GoesTo11]

12. 1000 seems kinda low.

Even if the crisis goes on to disaster, and banks and many other companies go under, the rest will be monopolies and making profits because of that. Mark my words, buy at 1000.

[Warpy]

14. Oh, I've got a lengthy shopping list

if I still have any money left to use, that is.

[steelmania75]

13. It already has. This is going to take longer to recover then I thought