The Industry Standard - Dow Jones has a +1000 point day by November 7 2008? - Comments

A good way to bounce back

Ziaur Rahman — Sat, 22 Nov 2008 21:18:54 -0800

A good way to bounce back the economy may be to reduce the price of US dollars to revamp exports and tourism. I think this will have ripple effect across the US economy. The banks need to be steadied by attracting foreign capital at higher rates. This will however work to increase the price of the dollar. So a fine balance has to be struck from the government's side to produce a favorably disposed economy. Consumer confidence must be strengthened.

Zia
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Dhaka
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Almost +900pts today.

David Kuan — Tue, 28 Oct 2008 13:12:55 -0700

Almost +900pts today.

It would really depend on

Chris Diamontis — Mon, 27 Oct 2008 12:46:39 -0700

It would really depend on who are President will be to know how high the stock market is going to go. Or maybe it won’t matter who, as long as after Election Day, it will be an emphasis on Bush finally leaving. I’m very excited to find out what will happen, as much as the hundreds of thousands of voters on Predicto.com. This gaming website is having a poll on whether the Dow Jones will close above 9,000 points on Election Day? I optimistically texted yes!

Brace yourself again. Global

David Kuan — Fri, 24 Oct 2008 05:45:25 -0700

Brace yourself again. Global market dives again . Today will be a big down day again. Pre-market limit down hit breaker triggered. DJIA -550 before open.

Brace yourself. Tomorrow may

David Kuan — Wed, 15 Oct 2008 20:05:12 -0700

Brace yourself. Tomorrow may yet be another one for the record book. Asian market plunged again with Japan (-10%), Korea (-7%), Australia (-6%), Singapore (-6%) China (-4%)

http://www.cnbc.com/id/15921552/

Shouldn't come as a

Eric Hill812251 — Wed, 15 Oct 2008 14:15:00 -0700

Shouldn't come as a surprise: Bernanke: Quick economic rebound not in cards.

@David, I was being

Lev Danilov — Wed, 15 Oct 2008 13:56:03 -0700

@David, I was being facetious..

What a day (-738 points)!!

David Kuan — Wed, 15 Oct 2008 13:04:04 -0700

What a day (-738 points)!! In two sessions, DJIA almost lost all of the gains on October 13. I just posted a suggestion for a single day -1000 point loss (http://thestandard.com/predictions/suggestions/dow-jones-has-1000-point-...). Please vote.

@Lev, Jon Stewart was "rounding" up as part of his usual exaggerated sense.

@Eric, if Dow closes bellow

Lev Danilov — Wed, 15 Oct 2008 11:57:32 -0700

@Eric, if Dow closes bellow 500 point today, there might be another chance for it to rebound to a +1000 again! I was a little disappointed with the Monday's gain; but I see there is still hope left, for those few ...nonconformist betters lift in this prediction..

I was watching The Daily Show w/ Jon Stewart, on hulu yesterday, and he specifically said that Dow Jones went up one thousand point on Monday... he is a legitimate enough source for me, I thought.. :))

Man, maybe this should be +

Eric Hill812251 — Wed, 15 Oct 2008 11:24:29 -0700

Man, maybe this should be + OR - 1,000 points. What an intensely depressing situation. -508.23 (5.46%) as of 11:24am PT.

@Bradley, I had to base it

Eric Hill812251 — Mon, 13 Oct 2008 19:51:41 -0700

@Bradley, I had to base it off of something. My main concern was to not have this judged from a range after trading began. For instance, the market could open at 8k, then drop 200 points, then close at +8,800. I didn't want that to be the +1,000 swing.

I chose the open price because, from a layman's perspective, it's what I look at for any given market/stock. Open, High, Low. It's easy to calculate.

What's incredible is how incredibly close we got today. I'm still in a bit of shock. And now, after the Feds have injected $250B into 9 banks tonight, I honestly have no idea what will happen on Tuesday. Will people cash out? Invest (gamble) more?

It all feels like one crazy night at the casino.

Why does this measure off of

Bradley Baker — Mon, 13 Oct 2008 19:35:38 -0700

Why does this measure off of the opening price, rather than the previous-day close?

As this is currently written there could be a 1,000 point gain for the day and still have this prediction fail (today, for example, the market opened at 8,462.42, 9 points above the 10/10 close of 8,451.19. Those 9 points came very close to mattering here).

History be damned. This

Eric Hill812251 — Mon, 13 Oct 2008 13:48:58 -0700

History be damned. This almost happened. Thank you, England (and Europe)!! Let's hope this restores some confidence and the markets settle.

+950 ...

Jeff — Mon, 13 Oct 2008 13:04:37 -0700

+950 ...

Wow! Wow! Wow! It got to

David Kuan — Mon, 13 Oct 2008 13:02:50 -0700

Wow! Wow! Wow! It got to +973! at the very last 5 secs! So very close ....

Dow Jones has a +1000 point day by November 7 2008?

Eric Hill — Thu, 09 Oct 2008 16:13:46 -0700

Between September 10, 2008, and October 9, 2008, the Dow Jones Industrial Average has shed over 2,650 points (-24%). On October 9, the Dow fell over 7% in one day, “posting one of [its] worst days in post-war history.“

Some have argued that fear has surpassed logic.

Let the community decide.

Prediction: Between October 10, 2008, and November 7, 2008, the Dow Jones industrials will rally +1,000 points above the opening mark during intraday trading in a single day. Note: This could close post US election results, assuming 1) a rally does not occur sooner, or 2) the election results are not in dispute at that time.

The Dow does not need to close with a 1,000-point gain, but merely to achieve it intraday in a single day. However, the +1000 points must be above the opening price for that day. An intraday spread (using the daily low vs. the daily high) will not count.

Place your bets below. (AP Image; click image to enlarge)