It seems to me that, in general, stock prices have hit a floor and will be supported at around this level, and then start to go up from here. Does anyone feel on the contrary, that stock prices have yet to hit bottom?
stocks hit bottom in march. Dow will go back to 7800 in the next 2 months.
December 1st, 2009 at 4:25 am
If someone could accurately pick tops and bottoms they would be far ahead of the market game. But it certainly looks like a DJIA fall below about 7500 is unlikely.
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December 1st, 2009 at 4:30 am
stocks hit bottom in march. Dow will go back to 7800 in the next 2 months.
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December 1st, 2009 at 4:47 am
Stocks bottomed on March 6th and we have gone up ever since for the last four months. The worst is over. Once the S&P 500 can close above 1000, I think the sky may be the limit. Until then it will bounce between 946 and 1000.
Granted there is always the chance some horrible news comes out which could crash the market but I don’t think we will ever see the S&P 500 close below 880 for many years to come without such news.
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