The dow is going to tank tomorrow

[hjmick]

So much for TM's "tank" - the DJ finished up over 300pts today.

Yeah, I saw that. Unless there is a new definition for the term "to tank," I'm going to have to say that TM's prediction was a tad off.

[jimnyc]

Well, just make it the 3,157th time she was wrong on this board. (look at her post count)

[truthmatters]

No where near as bad as I thought it would be.

That surprize .75 basis points helped save the day.

It was down near 270 today and is about 7+ percent on the year.

I really dont think it will recover by next week.

[jimnyc]

TM, you said "The dow is going to tank tomorrow". The Dow is actually UP since you made that statement.

Repeat after me and say it proudly - "I, truthmatters, was wrong"

[truthmatters]

Jim I said that on monday , his is wensday.

The dow was down @ 130 on tuesday and then @260 today.

At the opening on Tuesday is went down 460 in a very short time.

It fought its way back to only 130 down. Is 130 down a good day in the market?

[jimnyc]

Jim I said that on monday , his is wensday.

The dow was down @ 130 on tuesday and then @260 today.

At the opening on Tuesday is went down 460 in a very short time.

It fought its way back to only 130 down. Is 130 down a good day in the market?

A good day? No. Is it considered "tanking" - not even close! And within 48hrs of your declaration it not only recovered but made a gain. You were wrong.

[truthmatters]

A good day? No. Is it considered "tanking" - not even close! And within 48hrs of your declaration it not only recovered but made a gain. You were wrong.

Made a gain?


where did it make a gain?


I dont recall saying it would end at an historic low or anything but I do recall saying it would tank and I think most people would see 460 in early trading a tanking.



truthmatters
Senior Member Join Date: Aug 2007
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The dow is going to tank tomorrow

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The sub prime problem is coming at us from all sides.




Yeah that is what I though I said.



Jim I already said it ended better than I expected and everyone was pretty surprized Bernake did a 3/4 basis point and that did help because it was bigger than expected.

[jimnyc]

Made a gain?


where did it make a gain?


I dont recall saying it would end at an historic low or anything but I do recall saying it would tank and I think most people would see 460 in early trading a tanking.

It finished 162 down yesterday and over 300 up today - that is a GAIN since you made your comments. And early trading isn't the entire day is it? 162 down for the day isn't rosy but hardly even close to being considered "tanking". You stated it would happen yesterday, it didn't, you were wrong.

[truthmatters]

Man oh man !

the last I looked at it it was almost 300 down and that was not to far from the bell.

You are right. I took the dog to the vet and things completely changed.

Sorry I really thought it closed down like 260.

Damn I may even look at my 401k tomorrow. I was trying not to look.

[jimnyc]

We're not out of the woods yet so don't get excited. This problem might take awhile to fully be recognized by our entire economy, but I think the Feds cutting the interest rate and the bi-partisan stimulus package is what started things back up on the continued trend through today.

[truthmatters]

The really tough one is that there is a whole stink load of Subprimes ready to reset in the coming year.

[Psychoblues]

I think it waited until today to tank. But you were correct, it did tank eventually.