The Dow lost nearly 250 points today (Friday) to wipe out all of October's gains. But what will the market do next?
Register your predictions now. On Monday evening, the winner gets 10 points.
The Dow will close at 9810.
To the above. You said that the dollar is getting weaker. Surely that is a sign of recovery in this world? The United States is the dominant economy of the world and when it is experiencing inflation it's usually seen as a good sign.
The government stimulus may be causing a fair bit of the inflation (assumption) but according to the economic models we use today that's a good thing.as well. You can't tell me that government spending is leading to this kind of wave of confidence which should end soon. Government spending should cause a positive multiplier, which it is doing to sustain a positive atmosphere in the economy.
The Dow Jones isn't going to continue its fall on Monday unless there is a major loss for one of the top US corporations.
It's more likely to be up by 20-60 points. A stale day with mixed attitude I say. Remember we have positive news in Europe, that'll play a big role on the Dow on Monday.
The future of the markets is nearly impossible to predict when there's this much volatility though. I'll go with my hunch based on the news which is around today.
Up 20-60 basis points.
I say it'll drop 300 more points.
Nobody knows of course, but I thing people are beginning to understand that this "The Recession is Over" hoopla is a lot of "happy-talk." The dollar is still weak, profits in business have come from government stimulus money and cost-cutting. The only job-growth has come from the government. The American consumer is not ready to spend yet.
I'll happily be proven wrong.