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 I just came into 70k which is all in the stock market..What should I do?
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Additional Details
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matthew.oller7
What is DOW going to reach in 2009?
DOW Jones is pretty low right now and some people are predicting that it might reach 18000-20000. I just want to know how high it would go if at all.
Additional Details
That was not my prediction of course but what is a random guesstimate?
                     
 




Net Advisor
not in your lifetime.

==========================
edit:
Low compared to what? Where the Dow is means nothing. What the underline companies are doing in the over all market and the economy matters. Market prices are reflected accordingly.

edit 2:
For the Dow to hit 10,000 in 2009 from where it is now, (8200) that would be a 22% increase. Not going to happen.

To reach 20,000 from 8200, that is a 144% increase. That would be an 8% a year return for 18 years with no down years. Not going to happen in this decade, or next and prob not for another decade after that.


Gem
eighteen THOUSAND?

Who are these people?

How much do they make off selling stock?

Here is reality:

Our banks are failing
Our credit is gone
Our jobs are gone
Our government is taking every available dime for themselves and spending 10x the amount they can borrow.

It will be a long, long time before we ever see 14,000 again, let alone 20k.

Bankrupt companies with no customers do not post record high stocks, except right before the bubble bursts yet again.

I do not think we are even close to bottom.

More layoffs mean fewer and fewer customers. More government debt means less money we can use to buy things.

Nothing is going to change about that for a long, long time.


Jag
Rating
Dow is not going to go back to 14000 anytime soon, let alone 20000. It will trade between 7500 and 9500 this year. First, we will go into deep depression, correct our monetary problems by going back to producing goods, establish industry, export goods, cut back on military spending, save more and spend less, payoff the trillion dollar loans and then Dow will start becoming strong again. I do not see this happening for another 20 to 25 years. I transfered all my retirement money in International Mutual Funds.


the d
Rating
oh no way, maybe like the year 2015, seriouslely maybe 2015 or after it will be at those kind of numbers, maybe even later than that.


tiu9you
Rating
9800


NextMove
Rating
Those figures are ludicrous for now. The DJIA will probably reach that by 2020 or 2025. I highly doubt it will be able to reach number like that by 2015 though. Economic growth is going to be harder to sustain in the future as commodity prices become more and more volatile with NIC's coming into the scene and demanding so much Crude.

Those figures are not realistic for now, of course im no analyst so I can't make a valid prediction about what I expect the DJIA to be soon nor do I know when it will reach those numbers but if world growth continues the way it is now then the most likely time will be 2020 to 2025 and by this time China will be competing with the USA as the strongest country in the world so i'm guessing that competition will fuel the next generation of innovative technologies and allow both of the countries indexes to rise substantially.


Frank112
Rating
If it ever hits 10,000 this year, we'll be lucky.

Things are getting worse now, the snowball is getting bigger unfortunately.


Space Invader101
In regards to “Net Advisors” opinion:
”For the Dow to hit 10,000 in 2009 from where it is now, (8200) that would be a 22% increase. Not going to happen”, I do actually think that 10,000 is possible. However I do agree with everyone that in one year 20,000 is unrealistic.

I think the market bottomed at around 8000

In regards to “Next Move” opinion:
“Economic growth is going to be harder to sustain in the future as commodity prices become more and more volatile with NIC's coming into the scene and demanding so much Crude.”

Ford, GM and Toyota are in the race to build electric cars and have them on the road between 2010-12. What do you think that’s going to do for oil demand?

Things may get worse in early 2009, but how much of this is a reflection of 2008? For example if it’s reporting season, the market may be reflecting the damage of 2008 rather than the forecasts of 2009?

Also, what happens once job cost cutting in major companies has been factored into the market? Wouldn’t the increasing rate of unemployment lose momentum? Barack Obama’s stimulus package claims to be able to create 3 million jobs. Would that help?

I don’t have a crystal ball, but I just think people are jumping to quick conclusions.


jessi
Rating
It would be economists biggest nightmare.
When the DOW goes up, people jump in. The price itself is the most convincing data that people follow, not the underlying economy. When Dow hits 9500, people will put their money in and big funds will cash in. Middle class lose yet again!


JWilly
Rating
How high will it go in 2009? Certainly not 18,000. Just look at the components: GM, JP Morgan, Home Depot, Boeing, Verizon, etc. An increase to 10,000 from today's 8,246 means a 21% increase this year. Do you think any of these companies can do that? Not on your life!

It closed at 8,634 on 12/31/08. So it's already heading down. We would need to enter into another bubble this year and that is not going to happen. I would think 8,800 is realistic for this year.

Your question is a joke, right? You didn't really hear that, did you? I would love for you to reveal your source.


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