Stock Market will cross 11,000 again by November 15th

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From what I have seen, I don't see any reason why the market won't hit 11K again by the middle of November.

-- jbsmith (joebobsmith@yahoo.com), October 14, 1999

Answers

Other than a sinking U.S. dollar, nervous foreign investors, banks caught up in gold carry schemes that can't come up with the real stuff to cover their shorts, and Y2K fears on the part of everyone, you are probably right.

-- King of Spain (madrid@aol.cum), October 14, 1999.

jbsmith,

Interesting that you chose that date of November 15. Is that because on November 16 the almighty Greenspin will once again enlighten us with His most mystical clairvoyance of our future? What fate will His Omnipotence decide to bestow upon us mere mortals if the almighty DOW hath again attaineth those near-heavenly levels of 11,000? Will He cast us down to purgatory, or even Hell, perhaps? Or will he permit us to continue blindly foward into the darkness of our demonic destruction at the hands of the evil Satan Y2K Bug??

-- @ (@@@.@), October 14, 1999.


King of Lame,

Now why didn't I think of that?

-- (DowGuy@wallstreet.com), October 14, 1999.


Going which direction?

-- Sam (Gunmkr52@aol.com), October 14, 1999.

I think Joe Bob's right: it will cross 11,000 again by November 15th. Of 2002. I always was an optimist...

-- Don (whytocay@hotmail.com), October 14, 1999.


Nope. Not 2002, 1999. It will cross over by then in a positive way.

-- jbsmith (joebobsmith@yahoo.com), October 14, 1999.

jbsmith: November 15 1999, Dow crosses 11,000

OK, you were stupid enough to pick a date and make a prediction.

I'll hold you to it.

best of luck.

-- plonk! (realaddress@hotmail.com), October 14, 1999.


I'll bite as well, jbsmith, although I'm going in the other direction. I say the DJIA crosses 10,000 by November 15, 1999. Of course, that's a downward slide. And I'll go further and suggest it crosses 9,000 by December 15, 1999. And one more step: it crosses 8,000 by January 15, 2000.

I figure what the heck - we're throwing around predictions and dates here.

-- Brett (savvydad@netins.net), October 14, 1999.


This is getting to be way too much fun. Maybe I should dig out some other October 1929 quotes....

"I expect to see the stock market a good deal higher than it is today within a few months."

Professor Irving Fisher October 15, 1929

-- John Galt (jgaltfla@hotmail.com), October 14, 1999.

The answers to my post have been fascinating. To tell the truth, I think it is completely ignorant to make market predictions, as I had pointed out yesterday. From what I can see, the market will probably go lower. Its really hard to take this seriously with the amount of predictions being thrown around in such a careless manner. Its almost like Pat Paulsen running for president again, but on a much more serious note. I, and I am sure that many others on this forum would like to stick to specifics, not old quotes, but what is actually going on today. Its obvious that there is a huge speculative bubble. You would have to be a fool not to see it. The bottom line is that no one knows when. You can only know that the indicators are leading to it.

-- jbsmith (joebobsmith@yahoo.com), October 14, 1999.


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