The Ow Jones Industrial Average

smileyman · 10-06-2008, 03:59 PM

I renamed it...Coulda been the Down-Jones Industrial or the Wow - Jones Industrial. How far does it go from here? Will this be a "Great Depression" a national "Dustbowl"? Will we be reusing toilet paper and growing our own food?

I am thinking of putting all my extra cash into a stockpile of booze and guns...That way no matter the outcome i will be entertained and somewhat solvent...

ontwo · 10-06-2008, 04:58 PM

First time under 10 in 4 years. Ouch!!!

the chi · 10-06-2008, 05:12 PM

Quote:

Originally Posted by smileyman

I renamed it...Coulda been the Down-Jones Industrial or the Wow - Jones Industrial. How far does it go from here? Will this be a "Great Depression" a national "Dustbowl"? Will we be reusing toilet paper and growing our own food?

I am thinking of putting all my extra cash into a stockpile of booze and guns...That way no matter the outcome i will be entertained and somewhat solvent...

Thats the funniest thing I have read all day!! I think I will be practicing the pink elephant game...if theres an elephant in the corner but I dont acknowledge it, its not really there, right??

(kidding people...i wish I could tho!)

smileyman · 10-06-2008, 05:35 PM

Some folks get by with gorillas, others with pink elephants, some even have evil penquins...Whatever works for ya! Really now is a great time for me as far as economic crashes go...I am to poor to tell! I measure my net worth with my fuel gauge and even then I have to look at it as if "is the tank is half empty or is it half full?" Depends on your mood and whats on the radio!

the chi · 10-06-2008, 05:45 PM

Quote:

Originally Posted by smileyman

Some folks get by with gorillas, others with pink elephants, some even have evil penquins...Whatever works for ya! Really now is a great time for me as far as economic crashes go...I am to poor to tell! I measure my net worth with my fuel gauge and even then I have to look at it as if "is the tank is half empty or is it half full?" Depends on your mood and whats on the radio!

I'm right there with ya man!!!

Captain Morgan · 10-07-2008, 01:28 AM

Yeah, today was so much fun for me. I watched it all day long on one screen, with accounts up on the other screen as the calls kept rolling in. Personally, I was pretty sure it would rally near the end of the day, and I was right. I thought it would close above 10k, which it just barely failed to do. I wouldn't be surprised if the bottom is near 8800 or maybe even as low as 8300. I certainly don't want it to get that low, but looking at a monthly chart of the dow, it's not exactly unreasonable for that to happen.

The Dow climbed at a reasonable pace for many years, then suddenly started climbing much faster in 95. It dropped down in 2001 and 02, then picked up again in 03 at a fast pace. It appears to be coming back down to the trendline that actually started back in 90 and went through 95. Personally, I know the market goes in cycles. I'm not worried. I just keep on keepin on.

smileyman · 10-09-2008, 06:04 PM

http://money.cnn.com/?cnn=yes

Down again: Dow tumbles 7%
Falls below 9,000 for 1st time since '03 - on 1-year anniversary of all-time high. more• Investors pull $43B out of stock

Maybe this guy is on to something...

http://www.cnn.com/2008/POLITICS/10/...ion/index.html

10-06-2008, 03:59 PM	#1
smileyman White Trash Hero Join Date: Mar 2008 Location: NW Arkansas Moto: Buell 1125R Porco Rosso Edition Posts: 4,895	The Ow Jones Industrial Average I renamed it...Coulda been the Down-Jones Industrial or the Wow - Jones Industrial. How far does it go from here? Will this be a "Great Depression" a national "Dustbowl"? Will we be reusing toilet paper and growing our own food? I am thinking of putting all my extra cash into a stockpile of booze and guns...That way no matter the outcome i will be entertained and somewhat solvent... __________________ Arkriders.com To be the best you must first be willing to risk the worst!

10-06-2008, 04:58 PM	#2
ontwo Designated Drinker Join Date: Jul 2008 Location: shitville Moto: 2009 ZX6R Posts: 1,661	First time under 10 in 4 years. Ouch!!! __________________

10-06-2008, 05:35 PM	#4
smileyman White Trash Hero Join Date: Mar 2008 Location: NW Arkansas Moto: Buell 1125R Porco Rosso Edition Posts: 4,895	Some folks get by with gorillas, others with pink elephants, some even have evil penquins...Whatever works for ya! Really now is a great time for me as far as economic crashes go...I am to poor to tell! I measure my net worth with my fuel gauge and even then I have to look at it as if "is the tank is half empty or is it half full?" Depends on your mood and whats on the radio! __________________ Arkriders.com To be the best you must first be willing to risk the worst!

10-09-2008, 06:04 PM	#7
smileyman White Trash Hero Join Date: Mar 2008 Location: NW Arkansas Moto: Buell 1125R Porco Rosso Edition Posts: 4,895	Dow drops below 9000 http://money.cnn.com/?cnn=yes Down again: Dow tumbles 7% Falls below 9,000 for 1st time since '03 - on 1-year anniversary of all-time high. more• Investors pull $43B out of stock Maybe this guy is on to something... http://www.cnn.com/2008/POLITICS/10/...ion/index.html __________________ Arkriders.com To be the best you must first be willing to risk the worst!

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10-07-2008, 01:28 AM	#6
Captain Morgan Let's do another U-turn Join Date: Feb 2008 Location: Indiana Moto: 2009 V-Strom Posts: 3,816	Yeah, today was so much fun for me. I watched it all day long on one screen, with accounts up on the other screen as the calls kept rolling in. Personally, I was pretty sure it would rally near the end of the day, and I was right. I thought it would close above 10k, which it just barely failed to do. I wouldn't be surprised if the bottom is near 8800 or maybe even as low as 8300. I certainly don't want it to get that low, but looking at a monthly chart of the dow, it's not exactly unreasonable for that to happen. The Dow climbed at a reasonable pace for many years, then suddenly started climbing much faster in 95. It dropped down in 2001 and 02, then picked up again in 03 at a fast pace. It appears to be coming back down to the trendline that actually started back in 90 and went through 95. Personally, I know the market goes in cycles. I'm not worried. I just keep on keepin on.