Monday, February 23, 2009

Any Bottom Calls?



Update: Rocky got thirsty:

29 comments:

Casey Serin said...

F I R S T

Dow to 3000. Thanks to me! :-p

Lou Minatti said...

Prechter said it's time to buy. Do you feel lucky?

w said...

Yummmmm!

Now that is the way to start the morning off. Some coffee, some sweet ass...who cares about the Dow.

Aaron said...

Now that 7400 didn't hold whatsoever I think 6500 is our next test. If that doesn't hold....well I think we have more important things to worry about then money in the markets. Gold, guns and ammo come to mind. I have the guns and ammo.

Rob Dawg said...

Is that a "V" shaped bottom or a "UU" shaped bottom? If the girl would move we could probably see the bottom of that pool.

w said...

So Obama says he is going to cut the deficit in half. The market reacts and gold falls......wait....1%.....On what should have been a profit taking day as gold broke $1000 the day before. The man has no credibility.

Rob Dawg said...

Aaaron,
We are starting to get into valuation territory. All we need now is capitulation and a risk discount.

Rob Dawg said...

So Obama says he is going to cut the deficit in half.

The debt is going to finally matter. He needs to preside over the exact opposite of what he believe in. Government will shrink and get flatter.

Property Flopper said...

You know... when investors talk about hitting bottom it is usually a bad thing. Looking at this, I just can't imagine why.

Oh yeah, the market... DOW is bouncing back, might stay above 7k for the rest of the week, wouldn't bet on that though. Definitely see it breaking the 7k mark in the not to distant future.

Hoping 6800 holds, but...

tj and the bear said...

The debt is going to finally matter.

It'll *really* matter once they run out of fools willing to finance it, and IMHO that'll happen before any third-half recovery gives him a chance to seriously curtail stimulus spending.

rocky said...

I was talking about this last night ... in the 6K this year and 5's next

Was commenting just to use the Beer Bottom pic .. but cant use the img tag LOL

http://i445.photobucket.com/albums/qq180/8danney8/beer_holder_babe.jpg

segfault said...

Cut the deficit in half? So if it's 2 trillion this year (counting the bailouts and stimulus package), it'll only be 1 trillion next year?

Rob Dawg said...

According to the administration the debt looks to be:
2009: $2t
2010: $1t
2011: $1t
2012: $550b

Truth
2009: $2.7t
2010: $1.4t
2011: $1.2t
2012: no effin clue

w said...

Rob, I think I am ready to see a "top" in this market discussion. A nice perky top? With a tight range?

Rob Dawg said...

Rob, I think I am ready to see a "top" in this market discussion. A nice perky top? With a tight range?

My financial adviser has strongly suggested I refrain from making excessive projections.

I'll see what I can do when she isn't looking.

Property Flopper said...

Rocky - now that's a nice cup holder!

Bill in NC said...

Weiss says DOW 5,000:

http://www.moneyandmarkets.com/red-alert-major-meltdown-imminent-your-escape-29835

On youtube Glenn Beck has a "worst case" 2014 economic collapse panel discussion with DOW 2,800, all banks nationalized, 15% unemployment.

Property Flopper said...

Oh - can't be gloomy anymore. Bernanke just declared the recession will be fixed this year. It's all sunshine and smiles from here on.

Son of Brock Landers said...

I give bottom 1 the edge over bottom 2. I am surprised that anyone still listens to bernanke after a couple years of off base comments. Wasn't it just a few months ago when commentators were saying bernanke would resign or be replaced early in Obama's admin.

Gov. Mark Sanford is positioning himself for a 2012 run (see his op-eds and tv appearances). He's taking the fiscal conservative, sound dollar route.

Kasey Skala said...

Bottom? We haven't even hit the mid-section yet. Bottom? That's funny.

H Simpson said...

Why chill your honey's thighs with a cold Bud?

Just party down in the local foreclosed home and use their tables.

Best of all, you don't have to clean up after yourself.

http://www.thesmokinggun.com/archive/years/2009/0224091house1.html

h.

Akira said...

Nice ass yet crappy beer.
Ogg's cave has been located.

Mike said...

Sorry Rob, we are more likely somewhere around here:
http://wwwdelivery.superstock.com/WI/223/1439/PreviewComp/SuperStock_1439R-1076089.jpg

Lost Cause said...

6969 is going to be here soon.

Rob Dawg said...

Mike,
Don't apologize. I was looking for exactly that image for a follow up post.

wagga said...

Nah, the markets gonna split, the best-run companies will gain & the rest will loll in the doldrums.

Tyrone said...

DOW: 3800
S&P500: 420

SDS is my friend--a true inflation/deflation fighter!

wagga said...

My very first cross-post... (Baab3)

Shreve speaks out on octomom & the chimpanzee attack.

In each case, here’s one super-hyped media spitwad example of something gone terribly wrong at the hands of an individual who has proven to have made a series of very questionable decisions. This is what gets the focus? What about the countless sane, responsible people doing things quietly, doing things well? Why don’t we focus on them, and learn from them? That’s what I prefer to do.

What would kc do?

Akubi said...

This blog might seem to be on its very last legs, but Mursting will never die!