this market makes no sense

[buyStocks]

[davidlosh]

The stock market makes no sense?

It makes perfect sense. Automatic buy and sell orders will wring out every last dime of investor dollars not tied to the very same buy and sell patterns.

It's legal, quick, and effecient. As Martha Stewart will tell you "it's all gambling without inside information."

The Dow will settle down to 6000 before taking it's time to rally again up to 8000. It will float like a feather, moving back and forth with small ETrade Investors trying to catch the logic.

It doesn't have to make sense.

14000 made no sense. There was no corresponding data to support 14000, it was just there, with millions of people dumping in billions of dollars on speculation.

The one thing I learned on the Seattle Bubble was that the financial markets are the engine that drives profits.

So, if credit dries up where are the profits coming from?

The assets for any corporation are Real Estate. Intellectual property not so much any more, tech market is withering while I type.

If credit, and Real Estate are tanking what does the stock market have to offer?

[The Tim]

[buyStocks]

[lamont]

i'd like to see the markets rally back and test their 50-DMA or 200-DMA at some point.

the 200-DMA is up above 11,000 right now, so there's a lot of room for a bear market rally, but i've been waiting for one for awhile...

it looks like we're testing the 8,000 level again, but the rallies keep getting more anemic off of 8,000...

i guess my prediction is that once the whispers start that GM is going to fail in a matter of days that the dow will fall through 8,000

[sniglet]

[rose-colored-coolaid]

The market closed at or below 8,000 pts on the DOW.

I figured it'd take at about another 2 weeks to get here...and I thought I was bearish.

[WestSideBilly]

[buyStocks]

It'll be interesting whether we rally above 8K, I'm predicting no. Let's talk market strategy. I plan on making 4 large buys(simple indexes) for the long term as we go down to avoid missing the bottom. Trying to be disciplined, so chose at 7K, 6K, 5K, 4K since I'm thinking(hoping) we'll bottom in the 4-6K range. Must admit, though, I'm really second guessing my predicted bottom, because of Tim's graph at .
(as a disclaimer, gonna keep most of my surplus assets in cash)

[The Tim]

[lamont]

[deejayoh]

[lamont]

[rose-colored-coolaid]

Yep, and when the auto bailout fails, we'll see an 8000 ceiling that isn't even tested for months.

[WestSideBilly]