DJIA: Will Dubya Manage to Get It Below 10,000?

In My Humble Opinion
1

Not a place for arguments, and certainly not a place for “The President has no effect on the economy unless it’s my guy and it’s doing well”.

Just a poll. On Election Day, 2008, will it be below 10,000?

On Inauguration Day, 2009, will it be below 10,000?

-Joe

2

I assume you mean the Dow Jones Industrial Average?

3

Nope for both.

Oil prices continue to fall. Thus, I think you’ll see a rise towards the end of the year. I’m also thinking there will be a rally once the election is over, regardless of who wins. The uncertain factor will be gone then.

4

I hope so, to get corrected it should hover around the 9000 mark if not lower. With the 30 companies represented and 4 of the 30 in banking, or credit areas. It should bottom out.

In my circle there was a shit load of complaints that the DJIA added BoA earlier this year knowing full well the banking crisis was happening and it will drag down the DJIA.

5

Yes, Dow Jones Industrial Average.

-Joe

6

Then why did you create a title that would suggest otherwise? That’s quite annoying.

No, but it will hover close.

Depends on who wins. I think an Obama win could re-energize the economy psychologically, but McCain’s loosy-goosy economic plan wouldn’t do much for it.

7

I also find the title of the thread and the instructions in conflict with each other. The Dow covers a broad enough range of services, utilities and industries that it reflects American consumer activities, not government policies. I understand that some levels of consumer confidence and doubt may reflect policies but I personally wouldn’t blame GWB for the current situation any more than I would give him credit if it were reversed. It has always annoyed me when I hear, for example, that electing Bush in 2000 caused the recessionish conditions. Those conditions were a reflection of unchecked growth on an unsteady market (notably housing, but I’m sure other markets played a factor) and we would have experienced the same conditions if Gore had become POTUS.

But, as you said, this is not the time or place for debate.

With that said I doubt if The Dow will ever dip below 10,000 again. Declining markets, housing, consumer loans, investments, petrolium, etc., may lower the index further than it is now but eventually it will rebound. With luck the rebound will be steady and controllable so we can avoid inflated market bubbles like we experienced in the past couple of decades.