Will Dow Jones Hit 13,000 today?

1. 75

   Mighty Momposted 12 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.

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      harristposted 12 years agoin reply to this

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

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         Mighty Momposted 12 years agoin reply to this

         Interesting. There seem to be quite a few FX fans here. You all are more daring and adventurous than I.
         
         DJ seems to be holding steady just above the 13K fold these days.
         FWIW.
         

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            harristposted 12 years agoin reply to this

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

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2. 71

   Cagsilposted 12 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.

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      Mighty Momposted 12 years agoin reply to this

      Thank you for accepting my invitation, Cags.
      MM

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         Cagsilposted 12 years agoin reply to this

         Well, we were both correct, it finished below 13,000 today.
         
         12,934.36

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            Mighty Momposted 12 years agoin reply to this

            Hey yeah. We were both right.
            Let's savor this heady moment, friend!
            
            Maybe tomorrow to crack the artificial ceiling.
            

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               Cagsilposted 12 years agoin reply to this

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

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                  Mighty Momposted 12 years agoin 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 ) I will go with it will close under 12,500.
                  Or are we arguing the same thing?
                  

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                     Cagsilposted 12 years agoin 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.

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      sean kinnposted 12 years agoin 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.

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         Cagsilposted 12 years agoin 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?

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            sean kinnposted 12 years agoin 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?

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               Cagsilposted 12 years agoin reply to this

               So tomorrow?
               
               Very soon isn't really an answer.

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                  Mighty Momposted 12 years agoin 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.
                  

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                     Cagsilposted 12 years agoin 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.

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                        Mighty Momposted 12 years agoin 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.
                        

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                           Cagsilposted 12 years agoin reply to this

                           Yeah right. Remember what he did to the moneychangers?
                           
                           Wall Street is basically the same thing.

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                              Mighty Momposted 12 years agoin reply to this

                              I know. That's why he would probably not approve of you and me making bets about moneychanging operations.
                              We will probably go straight to Hell for this, you know.
                              

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                                 Cagsilposted 12 years agoin reply to this

                                 Well hell, at least we'll get to meet.

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                                    Mighty Momposted 12 years agoin reply to this

                                    And we'll be in excellent company, too.
                                    PARTY!
                                    
                                    I'm signing off for the evening.
                                    Nightie night.
                                    Sweet dreams of soaring (but not too soaring) markets tomorrow!
                                    MM
                                    

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                                       Cagsilposted 12 years agoin reply to this

                                       Good night (((((Mighty Mom))))))
                                       
                                       Pleasant dreams and be safe

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3. 75

   Mighty Momposted 12 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.
   on self

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      Cagsilposted 12 years agoin reply to this

      Stick to the word then because your math sucks.

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         Mighty Momposted 12 years agoin 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.
         

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            Cagsilposted 12 years agoin 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.
            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.

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               Mighty Momposted 12 years agoin 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.
               

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                  Cagsilposted 12 years agoin reply to this

                  Good to know.

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4. 75

   Mighty Momposted 12 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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