Economy / Stock Market

Any predictions on where the bottom is?

crazy stuff.  I thought I was in Vegas today.  Within seconds it was jumping 300 points in either direction.

they should close it right now while its up 57.

too late we're down 50...unbelievable...My guess is the low in the Dow was hit today.  Around 7,800...but who knows.

too late we're down 50...unbelievable...My guess is the low in the Dow was hit today.  Around 7,800...but who knows.

it was a perfect V-bottom...you literally had 5 secs to buy down there when the dow was at 7800 within 10 secs we were above 8100.

http://www.marketwatch.com/tools/quotes/intchart.asp?symb=INDU&time=1&freq=9&comp=&compidx=aaaaa%7E0&compind=&uf=0&ma=&maval=&lf=1&lf2=&lf3=&type=2&size=1&txtstyle=&style=&submitted=true&intflavor=basic&origurl=%2Ftools%2Fquotes%2Fintchart.asp

Yeah... its been crazy. Luckly I was smart enough to buy the proshares ultra bear russell 2000 etf 2 weeks ago and sold out today. Made some money back that I lost out in my 401k.

Yeah... its been crazy. Luckly I was smart enough to buy the proshares ultra bear russell 2000 etf 2 weeks ago and sold out today. Made some money back that I lost out in my 401k.

did you buy the SSO or the UYGs? what a rout to the close..

Quote from: Johnny4Life on October 10, 2008, 07:30:30 PM

Yeah... its been crazy. Luckly I was smart enough to buy the proshares ultra bear russell 2000 etf 2 weeks ago and sold out today. Made some money back that I lost out in my 401k.

did you buy the SSO or the UYGs? what a rout to the close..

I bought SKK 2 weeks ago (it shorts the russell 2000). Sold out on Friday before the market went against me. I am glad I got out when I did.