Stock Market Crash of Oct-Nov 2009

The dollar will crash before the market methinks.

Happy Birthday! Glad you're home for a visit. Wish we could all get together like we used to, but life just seems so busy, doesn't it? Don't feel badly about 54...I was 68 on the 7th of October!

A vote for Zimbabwe... Stock prices going up!

No cynicism below-- just sound economic principles.

Don't worry the stockmarket will GO UP, at least the DJIA. And hey, housing prices will go north too. However, it will be a mirage. The government is "printing" (creating numbers on a balance sheet really). More dollars chasing the same goods, but for most Americans, their salaries and earnings will not follow as quickly. We call this condition hyper-inflation.

Most Americans have never experienced it. And I think you do a better job analyzing the real world than most reporters, Andy. I vote for a trip to Zimbabwe, to educate readers as to the on the ground consequences of trying to print away one's problems. From a currency that was stronger than the USD, a quad-drillion can't buy a George Washington.

Wars, socialist programs, Wall Street "moral hazard" bailouts instead of letting firms fail for their stupidity...and the $4 trillion of other spending is going to end up sinking the dollar.

So yes, the DJIA will go up in an hyper-inflationary environment.

Diversify your wealth and sprinkle in several nations.

Gold will crash before either the dow or the dollar. No government in the history of the world has outlived its currency. Those who believe the dollar and dow will collapse are predicting a revolution in the USA whether they realize it or not.

has written 205 comments

You nailed it. But it did take 4 days !

http://www.nbr.co.nz/article/stocks-plunge-wall-street-fears-economy-has-weakened-114269

I'm investing in rice futures.

Gadget from has written 831 comments

A bigger stock drop... Bigger... the Dow Jones went down 300, nice people will go home over the weekend. Maybe they will say,
"Dear, our stocks went down, maybe we should sell before they go down further."
"Yes Dear, this is a good idea, I will put in a sell order on Monday."

Sort of a collective groupthink happens on Saturday or Sunday, I am not a God and for sure do my best to ignore the stock market, but I would say the well is primed to have a big drop on Monday, November 2, 2009.

I live by my wits, my instincts, my understand of the eyes that are looking at me and not talking. Andy Graham HoboTraveler.com

Crash, possible. More likely the next two years to get to 450.

SandP must move above 1100 and stay there to get bullish.

Well, it looks as if this did not come to pass as the dow is trading nearly 1000 points higher than when this post and most of the comments were written. Just goes to show the difficulty in anticipating price movement in the stock market. Sooner or later there will be another crash, but when? One month, one year, or a decade from now?

Gadget from has written 831 comments

The higher the stock market goes, the bigger the boom.

Man, I love being right. Two months later the stock market keeps going higher, the dollar has begun to rally like a champ and gold is getting its teeth kicked in! My prediction going forward? Stock market goes higher first part of next year then dips down some the rest of year. No crash, but down. Regains strength in 2011, before next bear begins in 2012. Dollar continues to strengthen as interest rate increases become imminent and people awaken to realization that obama's policies will be little different than bush or clinton before him. Gold comes back for the last stretch of its bull run, tops at $1500, then begins serious crash. Stay tuned M.F.

Gadget from has written 831 comments

The higher she goes, the farther she falls.
People believe in the stock market, like the next roll of the dice.