DISQUS

AMERICAblog: Wall Street pointing towards new lows before end of year

  • SCLiberal · 1 year ago
    The rich, although incompetent, get richer. Meanwhile 691,000 American children went hungry last year.

    Is this a great country, or what?
  • Rob Mule · 1 year ago
    When will William H. Depperman post the Manhattan White Pages in these spaces???
  • boloboffin · 1 year ago
    Bill Poole is on Bloomberg saying the Fed has obviously made a policy shift in allowing the Fed Funds Rate to not try to track Target Rate, but it is unannounced. He didn't disagree with the policy but was shocked that the Fed wasn't announcing such a major policy shift.
  • MaudGonne · 1 year ago
    Cramer predicted 8000 in October. He's usually right....
  • Indigo · 1 year ago
    Another 5% lower by the end of January according to the Wachovia Securities prophecy.
  • Forty2 · 1 year ago
    DJI support breached, but the S&P 500 is a better indicator. If SPX breaks under 818 or worse 800, look out below.
  • Older_Wiser · 1 year ago
    Dow trying to hover around 8190...not doing too good a job, though.

    Also, watch tech-stock heavy NASDAQ...
  • MaudGonne · 1 year ago
    Texas has the most generous provisions for what debtors may keep, far more than other states, said Wayne Kitchens, a bankruptcy attorney with Hughes Watters Askanase in Houston. "We've seen people come in with pensions of over $1 million, and they can't be touched,'' Northrup said. Creditors can't tap Texans' pensions, life-insurance policies, annuities, or properly funded IRA and 401(k) retirement plans. As much as $240,000 per child in a 529 college-savings account can be sheltered, Britt said. Debtors may save a primary residence in Texas of any value, as long as it occupies no more than 10 acres (4 hectares) within a city or 200 acres in a rural area. That compares with a $20,200 homestead-equity exemption for an individual under the federal code. New York and California allow $50,000, while Tennessee and Kentucky grant $5,000, according to the statutes. The Texas exemptions allow a family to keep as much as $60,000 in personal property, compared with less than $40,000 under the federal code.
    http://www.bloomberg.com/apps/news?pid=20601213...
  • AngelaChanning · 1 year ago
    I don't mean to sound like a big ol' know it all but it is really unrealistic to make predictions about where the DJIA will be a week from now let alone in December. The market is spooked, there is crash fatigue and a lot of institutional managers waiting for what they see as the bottom -- who knows where that will be. Mutual fund investors are holding off especially now until dividends and cap gains are declared. No one wants to buy a tax liability. So basically, anyone can pull a number out of their ass and back it up with some statistical analysis. I have heard the DJIA will rally by December. I have seen forecasts of DJIA at 5000 next month. Conventional wisdom is that we are scrapping along the bottom and it could go down a bit more before recovery. Historically, the markets recover before the economy does. So who knows. I think everyone has stopped looking at their 401k balances. Thank you for listening.