Hopefully it will go down to a fair value of something like 18-18.5k. Lots of jerks in the markets.
Heck i might consider buying some bonds as yields rise. This could be it for me, hopefully i can just assemble a dividend portfolio and call it a day. Looking at energy tonight
Target 18 000. Joke. Nobody knows
Yup. I would still like to see it...or better, of course. But i still am mot convinced this is the one. Fed will be critical
Closes wrote:
Wutz wrote:
What will be the bottom of this "correction".
May dip below 24,000 (Dow) by close today.
Where will we be on say Friday, 2/16 (8 days from now)?
We are nearly already beyond a correction. With a high of 26,616.71 and Dow currently at 24,011.69 the dip is already at 9.8%.
Will we soon hit a 20% "correction"? Tumble below 20,000?
Closed day at 23,860.40. Down over 1,000 points today after being down nearly 1,2000 points on Monday.
You guys still feel good about this?
We are in correction territory, so I'm fine with it. Honestly at this point for me it doesn't even really matter. I have more than met my retirement goal, and I plan to work for 4-8 more years still. How the market does the rest of my life now just affects how much I give to charity and leave to my kids. I never freak out due to a falling market. 2008 didn't freak me out, so likely nothing will.
Yup. But if you can position yourself to take advantage of opportunities, things are still exciting.
BTW i have avoided this drawdown as well, and this was the closest timing ever, i was only about 11 days early—yes after missing out on some rise.
I would love to have a portfolio that i would never have to even consider. I like the rising dollar, good for me.
Maserati wrote:
Just hold on a second, i just tried to pick the latest date so that i would be closest, and then after-the-fact Mellon entered.
In actuality, I would have put a much later date...but in honesty, not as late as Dec 2018.
You can look back, but I think I put in pretty early in the contest. But it could have been after you.
I never did agree that there was no time frame on when people could get in.
With that being said, go ahead and claim the win. I have no problem with that. Clearly, I missed the call.
Maserati wrote:
Just hold on a second, i just tried to pick the latest date so that i would be closest, and then after-the-fact Mellon entered.
In actuality, I would have put a much later date...but in honesty, not as late as Dec 2018.
You are correct. You made your prediction on 1/6/2017 and I made mine on 1/7/2017.
I say the DOW bottoms out at 14k. Any other predictions?
LOL! wrote:
Takens wrote:
My model predicts a sharp drop in the market starting on the week of 2/5.
Good call, Igy.
I'm not Igy. And it was a good call.
From the 2nd post in this thread:
Try 7000.
Treole wrote:
Is Iggy a real person or a chatbot programmed to spout effluent about stocks going down?
He obviously is a troll. Notice how how he keeps quoting known losers like Durden, Hussman, and Stockman.
Bot: Markets in turmoil
ghost of 29 wrote:
I say the DOW bottoms out at 14k. Any other predictions?
Three weeks from now or maybe even sooner the market is up to 26,000 again.
Sally Vvvvv wrote:
ghost of 29 wrote:
I say the DOW bottoms out at 14k. Any other predictions?
Three weeks from now or maybe even sooner the market is up to 26,000 again.
?Yeah...right.
Big Dog Investments wrote:
Big Dog Investments wrote:
I propose another DGTD prediction contest: PREDICT THE CORRECTION.
Here are the rules:
1) Give the exact date that the Dow will reach 10% below its high.
2) Your prediction must be made before the Dow has fallen 3% from its high.
Closest to the actual date wins with the winner receiving one genuine "attaboy" as prize.
Will it happen before the end of 2016? After the inauguration? Groundhog Day?
Let's hear what you think.
Congratulations to Mellon for winning the contest. With the correction yet to be realized, Mellon is the only one remaining in contention and thus captures the trophy. ATTABOY!
The prediction pool:
Igy: January 9, 2017 - ELIMINATED
Big: January 13, 2017 - ELIMINATED
Econ: Feb 8, 2017 - ELIMINATED
agip: March 4, 2017 - ELIMINATED
Ghost of 29: May 15, 2017 - ELIMINATED
Maser: June 17, 2017 - ELIMINATED
Mellon: December 31, 2018
It remains obvious that most of us were not bullish enough.
Current data (as of 2/8/18, 1:54 PM ET):
Dow high...26, 616.71
Prediction goal...23,955.03
Well done, mellon.
algo dude wrote:
Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy Iggy called it!
Takens wrote:
LOL! wrote:
Good call, Igy.
I'm not Igy. And it was a good call.
Very good call, so obviously not Igy.
[quote]Flagpole wrote:
Honestly at this point for me it doesn't even really matter. I have more than met my retirement goal, and I plan to work for 4-8 more years still. How the market does the rest of my life now just affects how much I give to charity and leave to my kids.
Really? If the market drops 60% like it did in 2008-2009 and you are 60% in equities and so lose 36% of your liquid investments this will not affect you?
How about like in 1929 when it was nearly a 90% drop? No problem for you.
You guys need to wake up
