Dow Jones Ind Average set to close at 11+ year low

[Tilted]

Unless we get a significant rally in the last half hour, the Dow Jones Industrial Average is going to close at its lowest level in almost 12 years. On October 9, 2002 it closed at 7286.27. Before that, you have to go back to June 1997 to find a lower low.

Last Friday it closed at 7365.67. It is now trading at 7148.47.

Personally, I'm not that big on the DJIA as a benchmark indicator, but it's the one that most people recognize and pay the most attention to, so, for what it's worth.

 

[itsbob]

Unless we get a significant rally in the last half hour, the Dow Jones Industrial Average is going to close at its lowest level in almost 12 years. On October 9, 2002 it closed at 7286.27. Before that, you have to go back to June 1997 to find a lower low.

Last Friday it closed at 7365.67. It is now trading at 7148.47.

Personally, I'm not that big on the DJIA as a benchmark indicator, but it's the one that most people recognize and pay the most attention to, so, for what it's worth.

Thank GOD Obama is President, can you imagine how bad it would be if he wasn't!!

 

[punjabigyrl]

Unless we get a significant rally in the last half hour, the Dow Jones Industrial Average is going to close at its lowest level in almost 12 years. On October 9, 2002 it closed at 7286.27. Before that, you have to go back to June 1997 to find a lower low.

Last Friday it closed at 7365.67. It is now trading at 7148.47.

Personally, I'm not that big on the DJIA as a benchmark indicator, but it's the one that most people recognize and pay the most attention to, so, for what it's worth.

I think it will go down to about 6500....

 

[Tilted]

Well, it's pretty much a done deal now - 7109.76 with 8 minutes of trading left.

 

[jetmonkey]

In your face, Adam Smith!

 

[itsbob]

The Messiah has spoken..

All is well, pay no attention to the stock market or the little man behind the curtain.

The great and powerful OZ(bama) will take care of us..

 

[Tilted]

Final tally: 7114.78

Last lower close: 7085.65, May 7, 1997

 

[wollybugger]

Change you can believe in ... my 401 sure has changed

 

[kom526]

Wait until he formally announces his tax increase plan to cut the deficit in half...
You cannot tax your way out of a recession, but this dumb S.O.B. thinks it can be done.

 

[Tilted]

Major rally (dead cat bounce) this morning - DJIA is up 98.68. I think it's safe to say that the worst is behind us, and we can expect nothing but smooth sailing from here on out.

 

[Tilted]

Wait until he formally announces his tax increase plan to cut the deficit in half...
You cannot tax your way out of a recession, but this dumb S.O.B. thinks it can be done.

Don't worry, I'm sure the tax increases will only affect the people whose decisions can help to pull us out of recession.

 

[jetmonkey]

Major rally (dead cat bounce) this morning - DJIA is up 98.68. I think it's safe to say that the worst is behind us, and we can expect nothing but smooth sailing from here on out.

That's great news; I'm all in!

 

[theArtistFormerlyKnownAs]

Major rally (dead cat bounce) this morning - DJIA is up 98.68. I think it's safe to say that the worst is behind us, and we can expect nothing but smooth sailing from here on out.

Lets wait and see how everything goes AFTER these investors sell.
I expected nothing less than what happened this morning :shrug:

 

[Tilted]

Lets wait and see how everything goes AFTER these investors sell.
I expected nothing less than what happened this morning :shrug:

Yeah, I was being sarcastic. That's why I made the dead cat bounce reference.

 

[Tilted]

The Dow is gonna open up below 7000 this morning. Are we in the final capitulation phase, or are we going much, much lower?

 

[Jigglepuff]

The Dow is gonna open up below 7000 this morning. Are we in the final capitulation phase, or are we going much, much lower?

I think it will get down to 6K before it starts to turn around. It is going to be a very, very slow recovery for the Markets since we are forced to rely on the spending bills passed this year.

Quick and efficiant are not traits of our government.

They make me want to........

 

[Tilted]

DJIA closed at 6763.29, down from a close of 14164.53 on October 9, 2007. That's a drop of 52.3% in less than 17 months. Even more notably, in my opinion, the S&P 500 flirted with the 700 mark, closing at 700.82.

 

[Pandora]

DJIA closed at 6763.29, down from a close of 14164.53 on October 9, 2007. That's a drop of 52.3% in less than 17 months. Even more notably, in my opinion, the S&P 500 flirted with the 700 mark, closing at 700.82.

:shakeshead: and they are doing another AIG Bailout. This one will have a 30 billion dollar price tag.

All of it makes me sick! And I truly believe we haven't seen the worst of it yet!

 

[MMDad]

DJIA closed at 6763.29, down from a close of 14164.53 on October 9, 2007. That's a drop of 52.3% in less than 17 months. Even more notably, in my opinion, the S&P 500 flirted with the 700 mark, closing at 700.82.

4/25/97 6,738.87

My Dad was complaining about his 401(k) being hit so hard. I thought, but didn't say, "how stupid does a 70 YO have to be to be gambling in the stock market?"

 

[aps45819]

4/25/97 6,738.87

My Dad was complaining about his 401(k) being hit so hard. I thought, but didn't say, "how stupid does a 70 YO have to be to be gambling in the stock market?"