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The Dow Jones Industrial Average will dip below 6000 before July 2009
cougar222 ( Score Rank: User did not make predictions in the last 30 days ) cougar222  |  closed on 30-Jun-2009 (144 days ago)
The Dow Jones has dipped below 7000 on March 2, and Warren Buffet is predicting the economy will be in shambles in 2009. Will the Dow Jones hit below 6000 before summer?
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2009-11-21
 
Nov. 21 (Bloomberg) -- U.S. stocks fell, halting a... (more)
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2009-11-21
 
Nov. 21 (Bloomberg) -- U.S. stocks fell, halting a... (more)
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2009-11-20
 
Nov. 20 (Bloomberg) -- Asian stocks fell, dragging... (more)
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2009-11-19
 
Nov. 19 (Bloomberg) -- U.S. stock-index futures fe... (more)
Comments (6)
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  1. gordon gordon 197 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 70% ] Yes
    (more)
    some shoes haven't dropped yet?
    [ reply ]
  2. brosme brosme 216 days ago
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    predicted: [ Most Likely ] [ 50% ] Yes
    (more)
    be around 7500
    [ reply ]
  3. kiwipredict kiwipredict 258 days ago
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    I don't think we are anywhere near the bottom yet, in 1990 the DJIA was around 2800, 18 years later it had peaked to around 13000. In view of the current economic situation and the fact that it will take some time to turn an entire economic system around I believe we are still 12 months off from the bottom. I believe the fall will slow once below 6000 as the market approaches the 5000 that many pundits are predicting as the more realistic value of the Dow in todays economic climate
    [ reply ]
  4. einstin2 einstin2 260 days ago
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    predicted: [ Most Likely ] [ 90% ] No
    (more)
    I think we are getting close to the bottom of the DOW. To go much lower would require buisnesses to fail and the economy to tank fast. No the DOW will stay above 6k for now.
    [ reply ]
  5. poisontongue poisontongue 263 days ago
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    Hey, hows those Reganomics working out for ya now?
    [ reply ]
    1. einstin2 einstin2 260 days ago
      0 vote This is Good This is Bad
      Free-market economics (what people erroniously call Regannomics) has not been in use since... err... umm... about 1928 when Hoover screwed up the economy and FDR made it almost permanent. (Some of his tax hikes were repealed but the vast majority of his policies are still on the books along with johnson's 'great society' attempts and Carter's policies.) Regan couldn't even remove half of these policies before he left office and yet the economy rebounded from 1970's stagflation. So in other words we are still living under Roosavelt's economic theories. So allow me to ask you how THAT is working out?
       
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