Call the Market Until Jan 1

[screwrealestate_IHB]

So with all the bad news of late and strong recovery due to the interest rate cuts, lets play a similar game with the market as the other "call the bottom"

Its a confusing market because as the analysts on CNBC were saying "Investors want bad enough data to warrant a rate cut, but not bad enough to cause a recession".....huh? Like has been written here, I think the rate cuts will help stock prices but will not keep people in their houses or move sales up.

So here is what I think it will close at for the ends of the months:

October (before fed meeting): 13,300 on general poor economic data

November: 13,700 after rate cut

December: 13,100 on weak Xmas sales and continued poor data

If I am right, then good, if I am wrong, then I am the first to claim that I am indeed an idiot.

 

[tourbillon_IHB]

I believe the market will move up and down around the current level until the fed meeting, so something like around 14000 for the rest of the month. The market may go up more if the EU central bank cuts rate. Depends on the fed's action at the end of month, the market may go up even more or it will go into a correction. Either way, we should see a pull back sometime at the end of this year or the beginning of next year. The pull back may actually touch the level we saw back in August, or slightly below that, then it should go up again.

 

[awgee_IHB]

Sorry, I dunno. Seems to me like the indices could go either way. But, if they go up, I would say it will be because the USD will be worth less, not because equities would be worth any more.

 

[reason_IHB]

Let me save you some typing, awgee. Buy gold.

 

[screwrealestate_IHB]

I am going to pick up some gold once I check it out some more... For now I am quite happy with a good chunk of my $$ in Nintendo (NTDOY) but am always lookin...

 

[reason_IHB]

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