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Will Dow Jones Hit 13,000 today?

  1. Mighty Mom profile image89
    Mighty Momposted 4 years ago

    It's at 12,900+ right now with a few hours to go in the trading day.

    Ladies and gentlemen, place your bets.
    Lectures about why the stock market is a meaningless measure of anything are expected. Go right ahead.
    I'm just asking for thumbs up thumbs down vote on hitting the 13K milestone again for the second time in 2012 (last time was Feb).

    Thanks.

    MM votes: NO. I think it will end somewhere around 12,800 something.

    1. harrist profile image59
      harristposted 4 years ago in reply to this

      I never try dow jones smile but I do like FX! cause FX are quite easy to analyze! IMHO! smile

      1. Mighty Mom profile image89
        Mighty Momposted 4 years ago in reply to this

        Interesting. There seem to be quite a few FX fans here. You all are more daring and adventurous than I. smile

        DJ seems to be holding steady just above the 13K fold these days.
        FWIW.
        smile

        1. harrist profile image59
          harristposted 4 years ago in reply to this

          hmmm,.. I am not typical  adventurous man! wink cause i think Forex is the safest investment! IMHO (cause I trade 005 lot with 5k Margin)
          lmao big_smile

  2. Cagsil profile image61
    Cagsilposted 4 years ago

    Nope.

    It's all bogus. Wall Street is nothing more than paper shuffling of the powerful and wealthy, while the small/little person tries to get ahead through it.

    1. Mighty Mom profile image89
      Mighty Momposted 4 years ago in reply to this

      Thank you for accepting my invitation, Cags.
      MM

      1. Cagsil profile image61
        Cagsilposted 4 years ago in reply to this

        Well, we were both correct, it finished below 13,000 today. smile

        12,934.36 lol

        1. Mighty Mom profile image89
          Mighty Momposted 4 years ago in reply to this

          Hey yeah. We were both right.
          Let's savor this heady moment, friend!

          Maybe tomorrow to crack the artificial ceiling.
          smile

          1. Cagsil profile image61
            Cagsilposted 4 years ago in reply to this

            Let's see, why not play yet again. lol

            What do you think it will close at tomorrow?

            I'll say that it will break even or be down by at least 25 points, but will not be up. wink

            1. Mighty Mom profile image89
              Mighty Momposted 4 years ago in reply to this

              I agree it will not be up.
              I think it will drop down closer to 12,000 than 13,000.
              I guess so we can claim a winner/loser (which, this being the Hub Pages FORUMS is essential, right lol) I will go with it will close under 12,500.
              Or are we arguing the same thing?
              roll

              1. Cagsil profile image61
                Cagsilposted 4 years ago in reply to this

                You're looking for a 400 point drop tomorrow? WOW!

                Maybe I should gather as much money as I can and short some stocks tomorrow morning. lol

    2. sean kinn profile image60
      sean kinnposted 4 years ago in reply to this

      I agree. Except for the millionaire little old ladies who pass away, the ones who invested in Coca Cola, Microsoft, Google and Apple stock (the safe ones, aye). As in, I like to think of the stock market as a high-speed, low-drag savings account, although I have also been told my economics buffs that it can at times be an economic indicator. And I've ran into people who knew how to play the stock market - but they lost their shirt first (that particular failure is what caused them to have the know-how). These same people could tell you what to do if you had an extra $100,000 lying around: Me, I would pay off my house. Whereas, they would keep paying on their house and invest in the stock market, because of the higher return on their money.

      1. Cagsil profile image61
        Cagsilposted 4 years ago in reply to this

        Interesting. Would you like to play our game for tomorrow on the market?

        It closed at 12,934.36 today. So where do you think it go tomorrow?

        1. sean kinn profile image60
          sean kinnposted 4 years ago in reply to this

          Well, with all the world instability going on, maybe that's why it's so high: Because it just means a lot of people are trading with a certain number of people losing. The DOW is just indicator of trading activity, isn't it? So, with the de-mining exercise happening in the Persian Gulf this week - I would bet for over 13,000 very soon, aye?

          1. Cagsil profile image61
            Cagsilposted 4 years ago in reply to this

            So tomorrow?

            Very soon isn't really an answer. sad

            1. Mighty Mom profile image89
              Mighty Momposted 4 years ago in reply to this

              If it doesn't happen tomorrow then we have to have a new bet for Monday.
              Unless we want to get really daring and predict now it will hit 13,000 on July 24, 2012. I heard or read somewhere that's when Jesus is coming back on that day, too.
              lol

              1. Cagsil profile image61
                Cagsilposted 4 years ago in reply to this

                If you want to bet on that one and I actually thought it would be coming true, the I would think that then biggest decline in the history of the exchange would happen on Monday, such a 10,000 point drop. lol

                1. Mighty Mom profile image89
                  Mighty Momposted 4 years ago in reply to this

                  I don't think Jesus would sanction a mass sell off like that.
                  But then, I don't think Jesus would think much of the stock market period.
                  lol

                  1. Cagsil profile image61
                    Cagsilposted 4 years ago in reply to this

                    Yeah right. Remember what he did to the moneychangers? lol

                    Wall Street is basically the same thing. lol

  3. Mighty Mom profile image89
    Mighty Momposted 4 years ago

    This is why I was an English major and make my living with words not numbers.
    Thanks for catching that, Cags.
    What I MEANT to predict for tomorrow is 12,850.
    I think it will go down but not 400 points.
    roll on self

    1. Cagsil profile image61
      Cagsilposted 4 years ago in reply to this

      Stick to the word then because your math sucks. tongue

      1. Mighty Mom profile image89
        Mighty Momposted 4 years ago in reply to this

        What'd I do now?
        If it closed today at 12,934 and I am saying it will close below 12,850 that's predicting it's going to go down tomorrow.
        Down 84.
        What are you betting, Mr. Math Whiz.
        BTW, sort of kind of related, I'm editing a MATH book.
        lol

        1. Cagsil profile image61
          Cagsilposted 4 years ago in reply to this

          I don't know, what would you like to do? I can tell you what I would like to do, but it would be inappropriate and off topic. tongue
          It's not impossible, considering the single day drop for the market is something like 500+ points downward or something like that.
          I already told you.
          As long as it's only the words you're editing then it's a good thing.....just leave the math alone. tongue

          1. Mighty Mom profile image89
            Mighty Momposted 4 years ago in reply to this

            I know. I usually leave the whole stock market thing to my broker and go by the green or red arrows to know if something is up or down.
            Limited choices. Just like a toddler.

            So I guess for now anyway it's just you and me for tomorrow's bet.
            That's cool. We can leave it open but I think we have to close it as soon as the market opens in the morning.
            Which it will do three hours earlier where you are. So you will be in charge.
            tongue

            1. Cagsil profile image61
              Cagsilposted 4 years ago in reply to this

              Good to know. lol

  4. Mighty Mom profile image89
    Mighty Momposted 4 years ago

    Good morning, Cags!
    Math ability notwithstanding, I feel a certain vindication knowing I am so close in my prediction I just had to capture it. Of course, this is at 10am and the trading day is young.
    May the best hubber win this challenge.

    Off to do some work and actively not pay attention to this until EOD,
    MM

    12855.42 -87.94‎ (-0.68%‎)
    Jul 20 10:34am ET - Disclaimer







    Open:

    12942.68



    High:

    12942.83



    Low:

    12849.63







    Volume:

    83,227,938



    Avg Vol:

    N/A



    Mkt Cap:

    N/A

 
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