General Question

grayreason's avatar

How far do you think the dow will drop?

Asked by grayreason (91points) October 9th, 2008

We’ve seen in the past few weeks a damn near collapse of investor confidence and Dow drop like a rock. What do you think the dow will bottom out at?

Personally i think it will be around 7k points.

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3 Answers

JackAdams's avatar

I hope it will drop so low, that America will never again elect a Republican to the Presidency.

galileogirl's avatar

From the AP today
The declines came on the one-year anniversary of the closing highs of the Dow and the S&P. The Dow has lost 5,585 points, or 39.4 percent, since closing at 14,164.53 on Oct. 9, 2007. It’s the worst run for the Dow since the nearly two-year bear market that ended in December 1974 when the Dow lost 45 percent. The S&P 500, meanwhile, is off 655 points, or 41.9 percent, since recording its high of 1,565.15.

I think 7K might be a conservative guess.

jholler's avatar

if it drops, it’s because 545 people in Washington WANT it to drop….and most of them are democrats. I’m not wild about bush, but he’s only 1 out of 545, and he’s one of the ten who don’t vote, can’t borrow or spend money, and can’t make laws. The president is a scapegoat for your congresscritters.

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