2009 Dow Jones Industrials

[PaulRobert]

FYI - I was one of the two who said 10.5k. Go me!

<--------:yourock:

:great:

 

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[MJ DeMarco]

I voted the last field and unfortunately, I cannot add more fields to accommodate the new lows. My point prediction is 5650.00 by year end.

FAIL!!!!! :smug2:

 

[EasyMoney_in_NC]

Shows how much I'm paying attention, I thought this was a poll for this year 2010

Having said that, my vote (DOW 6500 or less) will stand for this year. I think the second wave of foreclosures is going to hit hard, the BS the networks perpetrate about how companies are "actually showing profits" (especially the auto bus.) has to be crap and is more about cost cutting than profits, and we are going to enter a prolonged time of a general stagnant times (3 years +/-).

I am hoping (not to get off the subject) that the impending foreclosures force an increase in rental rates. Vacancies are more more prolonged lately and it would be nice to be in the drivers seat for a while

Happy New Year everyone!

 

[GlobalWealth]

Only about 30% of stimulus funds have been spent. There is still a lot of govt money that will be spent in '10. With interest rates low, this money will end up in the markets. While I think the policymakers are creating our next bubble, I don't think it will pop for a couple of years, maybe 4-5 years. With interest rates so low, money will eventually flow out of US debt and into something else. The flow of money is like the flow of a river, it must go somewhere, it doesn't just vanish. While the market is overvalued, there are good companies to buy and money will flow into them. With RE values and interest rates so low now, we are likely creating the next housing bubble. For all of you RE investors, keep this in mind. Don't overleverage and make sure you buy right in the beginning. Don't keep chasing the price. RE is a hard asset and as long as the price is right, it is a good place to park capital. We will see volatility in the market, but I think we will see steady gains for '10. At least until the Treasury has to start paying 12% coupons.

 

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[simo]

there is at least another couple of years. ad long as interest rates stay at zero the bull market will be alive and well

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