icehog3 02:25 PM 07-21-2011
Originally Posted by baddevildog82:
If a deal is worked out, my guess is the Dow rolls past 13,000.
In what time frame?
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baddevildog82 02:33 PM 07-21-2011
about a day! If it was finalized today, I think it would roll past 13000 tomorrow. This is my opinion and I am not a financial adviser by any means, so take it with a grain of salt.
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Apoco 02:59 PM 07-21-2011
Originally Posted by baddevildog82:
about a day! If it was finalized today, I think it would roll past 13000 tomorrow. This is my opinion and I am not a financial adviser by any means, so take it with a grain of salt.
While a resolution of the US issues would cause a large rebound (13,000 within a week of the resolution would seem reasonable to me) - don't expect miracles. We still have Greece/Italy to make people scream "OH TEH NOEZ" and run for risk-averse investments.
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baddevildog82 07:22 PM 07-21-2011
I figure that a day is a good amount of time for people to forget about the other bad things going on. If a deal were finalized tomorrow (Friday), then there would be a whole weekend for people to remember the other bad things and in that case, I don't think it would hit 13000 on the following Monday.
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b.morales99 03:33 AM 07-22-2011
We are very cautious nowadays of the what's happening in the US since it would greatly affect our stock market other than that analyst predict a five year bull run.
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Apoco 08:59 AM 07-27-2011
Been 5 days now. We've seen 2 days of market freefall since then and Exchange rates have dropped quite a bit. The USD has been losing against the EUR for nearly 3 weeks now (keeping in mind that the EUR is also in danger - it is the most realistic comparison to gauge how the world sees the USD debt crisis vs. the EUR debt crisis).
The S&P 500 has gone from 1,345.02 to 1,313.07 in 2.25 days. That's a loss of 31.95 points or a 2.4% drop. Yikes.
The DJIA hasn't done much better - going from 12,681.16 to 12,399.54. That's a loss of 281.62 points or a 2.2% drop.
In short -
OH GOD THE SKY IS FALLING.
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bobarian 09:06 AM 07-27-2011
Invest in cats, the new white meat.
:-)
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Apoco 11:01 AM 08-02-2011
Debt ceiling bill has officially passed through. Still a lot of tension regarding where the budget cuts will hit and what amounts. I'll be watching the stock market today to see what the knee-jerk reaction is.
EDIT: Already spiking up. Look to see what happens on August 2nd, 2011 from 1:00PM (eastern time) and on. A lot of fear regarding imminent melt down has been resolved but there is still the possibility of a downgrade from Moody's and a likely downgrade from S&P (they've stated a $4 trillion budget cut would be required for the US gov't to maintain its AAA rating).
Whether or not the increase will sustain, continue to increase, or resume decreasing is honestly a crapshoot in my mind.
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