The DJIA Game

[rockgremlin]

If you've been keeping an eye on the Dow lately, it seems that traders are hell bent on driving stocks lower regardless of economic news - good or bad. Many of us grimace as the value of our retirement accounts drops through the floor. Well grimace no more....the purpose of this game is to give back some of what you may have lost.

Here's how to play:

1. Guess what you think the value of the Dow Jones Industrial Average will be at it's close on Friday.

2. Submissions must be made before 3:00pm on Tuesday of that same week.

3. Whoever guesses closest to the actual value will win exactly $1.00 - yes, one dollar.

4. Winners will not be paid until the DJIA rises above 9000 points, at which time the game will be over and all participants paid out.

5. You may play (and win) as many times as you like. If you're good, you might be able to come away with 5, 10, 15, or even 20 dollars -- or the value of what your retirement accounts lost in 2 seconds in this current market. :lol8:

6. You're only allowed one guess per week, and you may not change it once you've locked in a guess -- in fact, I'm considering locking the thread after 3:00pm on Tuesdays.

Cheer up...our loss may be your gain!

Good luck and game on!!

[rockgremlin]

My guess for this week March 6: 6575

[mtn_trsh]

my prediction is 6320

[CrazyFinn]

my prediction is 6430

[Reedus]

6,963

[Scott P]

I hate to be a pessimist, but I

[CrazyFinn]

4. Winners will not be paid until the DJIA rises above 9000 points, at which time the game will be over and all participants paid out.


I guess this means the game will be here for awhile. Use it as a new retirement account. :roflol:

[oldno7]

6914

[rockgremlin]

I guess this means the game will be here for awhile. Use it as a new retirement account. :roflol:

You're correct. This game will probably run for at least a year, maybe two. :popcorn:

[Jaxx]

6820

[RugerShooter]

I will take 7010

[rockgremlin]

The Dow started out the day up, and traders once again found excuses to dump stocks in the afternoon. It is now down to 6726.

Only 30 more minutes till I lock down this thread.

[rockgremlin]

Thread locked

This week's participants:

Rockgremlin: 6575
mtn_trsh: 6320
CrazyFinn: 6430
Reedus: 6963
Scott P: 6305
Oldno7: 6914
Jaxx: 6820
davis_b_1: 7010

[RugerShooter]

I thought this thread was locked ??? :ne_nau: :ne_nau:

[DODGER BOY]

6557

[rockgremlin]

I thought this thread was locked ??? :ne_nau: :ne_nau:

Locked in the sense that you can't make any more predictions for this week. But I left the thread open for discussion/comments/bitching. :mrgreen:


Anyone have any general predictions on just how low this market will go before a turnaround? I think we'll see it get as low as 4750 before we see a significant turnaround. Bad for short term...great for long term.

[CrazyFinn]

Anyone have any general predictions on just how low this market will go before a turnaround? I think we'll see it get as low as 4750 before we see a significant turnaround. Bad for short term...great for long term.

I'm guessing we get a bump up first. Don't know when but it could be 1000 pts higher then down to the area you say. Otherwise known as a bear trap. :naughty:

[stefan]

Thread locked

This week's participants:

Rockgremlin: 6575
mtn_trsh: 6320
CrazyFinn: 6430
Reedus: 6963
Scott P: 6305
Oldno7: 6914
Jaxx: 6820
davis_b_1: 7010


um ... this thread is starting to look like the price is right. are you the bogley bob barker, rock?

[Sombeech]

um ... this thread is starting to look like the price is right. are you the bogley bob barker, rock?

One Dollar. One Dollar, Bob.

[the actual retail price is - ]

[rockgremlin]

um ... this thread is starting to look like the price is right. are you the bogley bob barker, rock?

:lol8: I think I missed my true calling in life. I shoulda been a game show host.

[rockgremlin]

All you optimists are getting PWNED!! :lol8: :frustrated:

[Scott P]

6594.44 this morning. I think Rock is manipulating the market just to win the contest he started. :wink:

[Iceaxe]

This baby going below 6000 before we are done.... :cool2:

[rockgremlin]

This baby going below 6000 before we are done.... :cool2:


Shoot...I had it going below 5000 before we're done. Many of the companies that announced layoffs a few months ago are only starting to let people go right now. Not to mention others to follow.

I saw a report yesterday that said that 50% of all homes in Nevada are underwater with their mortgages, and it's almost that bad in Michigan, Florida, California and Arizona.

Homes in Detroit are going for less than 20,000 bucks!!!!

This economy is screwed!

[Iceaxe]

I think a lot of people who are upside down on their mortgages are going to walk pretty soon.... Heck, I know some of the folks who bought houses in my neighborhood two years ago are now 200,000 to 400,000 dollars upside down. It takes a lot of hard work and time to make that kind of coin.... and pretty soon folks are going to figure out they can make that money on paper in one day by walking....

[rockgremlin]

and pretty soon folks are going to figure out they can make that money on paper in one day by walking....


I agree with you. And that will drive us deeper into this recession because it leaves the banks and lenders holding the bag, to bear the brunt of the unpaid debt.

But wouldn't that incur a serious penalty on the credit rating of the homeowner that walked?

[Iceaxe]

But wouldn't that incur a serious penalty on the credit rating of the homeowner that walked?

Depends.... someone like me I don't think it would effect much.... I haven't bought anything on credit for over 15 years. Yeah I have a credit card, but there are ways around that, including the type of card that you preload that they issue to people who really shouldn't be allowed to touch a credit card.....

But here is the real deal.... how much is your credit rating worth? Is your credit rating worth well into the 6 figures? which is the numbers I'm seeing in my hood...

I'm no credit expert, but when I can make more in a day by walking then I can make in several years of hard work I'm going to look at the options....

:rockon:

[Iceaxe]

I remembr hearing about "change".... but now I think about it I can't remember anyone saying it would be for the better.....

http://www.americanthinker.com/071103_obama_vmed_8p.widec.jpg

Market down 15% from his taking office. Down 30% from his election.

I don't make the stats. I hope he does succeed; it'd make my job easier. But the Market doesn't like what he proposes.

:cool2:

[Scott P]

But here is the real deal.... how much is your credit rating worth? Is your credit rating worth well into the 6 figures? which is the numbers I'm seeing in my hood...

It doesn't change the fact that walking out intentionally is stealing. If you take a loan out you have the obligation to pay it. What is the difference between walking out of a loan for 6 figures rather than going and robbing the bank itself for 6 figures? If you lost your job, then that is a different situation though, but you should still try and pay off your loan.

One solution to the problem that would help avoid this situation is to do away with 30 (or gasp) 40 year loans. If people would buy smaller/more affordable houses with 10 to 15 year loans then it wouldn't matter if the value dropped at times because they would have so much equity built up. Personally I don't get why anyone would tie themselves to a 30 year loan? :ne_nau: I did when I was 19 years old, but I like to think I am wiser than that now. Walking out would have to be a last resort.

Hopefully the people losing their houses will be OK and their families will be safe. Let's all hope the economy will improve.

[Iceaxe]

It doesn't change the fact that walking out intentionally is stealing.

Oh yes.... the root of this entire mess....

If they held everyone accountable for the money they have borrowed and the deals they made we would not be in this mess.... but we all know that ain't going to happen.... so...back to reality....

:cool2:

[RugerShooter]

I remembr hearing about "change".... but now I think about it I can't remember anyone saying it would be for the better.....

http://www.americanthinker.com/071103_obama_vmed_8p.widec.jpg

Market down 15% from his taking office. Down 30% from his election.

I don't make the stats. I hope he does succeed; it'd make my job easier. But the Market doesn't like what he proposes.

:cool2:

I knew this was the "Change" that was coming, and I am afraid it's not done yet.

[rockgremlin]

This week's participants:

Rockgremlin: 6575
mtn_trsh: 6320
CrazyFinn: 6430
Reedus: 6963
Scott P: 6305
Oldno7: 6914
Jaxx: 6820
davis_b_1: 7010


As of Friday's Close (March 6) -- 6626

And Rockgremlin for the win!!

[rockgremlin]

This week's prediction (March 13): 6330

[Iceaxe]

This week's prediction

I predict rockgremlin will still be a douche..... :roflol:

:five:

[rockgremlin]

I predict rockgremlin will still be a douche..... :roflol:

:five:


:roll: shouldn't you be out pooching beta somewhere? :lol8:

[Jaxx]

6331 bob

[rockgremlin]

6331 bob


:doh:

[Iceaxe]

6329

[James_B_Wads2000]

6150

http://www.collider.com/uploads/imageGallery/Adam_Sandler/adam_sandler_happy_gilmore_movie_image_with_bob_ba rker.jpg



James

[Scott P]

6506

[Reedus]

6666 bitches

[CrazyFinn]

6400

[rockgremlin]

6329


Great. Cockblocked on all sides now. :lol8:

[mtn_trsh]

6484

[DODGER BOY]

6184

[oldno7]

6175

[rockgremlin]

Will today's bear market rally spark an extended upswing, or is this just a flash in the pan?


A little more than an hour till I shut the gates on this week's contest.

[rockgremlin]

This week's contestants:

Rockgremlin - 6330
Jaxx - 6331
Iceaxe - 6329
James_B_Wads2000 - 6150
Scott P - 6506
Reedus - 6666
CrazyFinn - 6400
mtn_trsh - 6484
luvdedogers - 6184
oldno7 - 6175

[Reedus]

Sweet, as long as she stays above 6,600 I win.

[RugerShooter]

Shoot, I missed this week I was thinkin in my head it had to be in by Wed O, well I will get it in next week

[Iceaxe]

I think a lot of people who are upside down on their mortgages are going to walk pretty soon....

Would you walk away?
By CNNMoney.com
Mar 10th, 2009

With 1 in 5 homeowners underwater, many pundits predict a flood of people walking away from their homes. Five readers talked to us about why they are - and are not - sticking around.

More here: http://realestate.yahoo.com/promo/would-you-walk-away.html

:cool2:

[Reedus]

Looks like I win. Were is my effin money? I need a cheeseburger.

[rockgremlin]

Looks like I win. Were is my effin money? I need a cheeseburger.


:lol8: You don't collect until the Dow climbs above 9000. Read the rulz holmes. :haha:


Whoever saw that coming? I still don't think we're out of the woods. This is probably just a blip on the general downward trend.

[James_B_Wads2000]

6626

[rockgremlin]

7315

I think markets will be mixed this week, but still close higher. I also think that we have probably hit rock bottom, and are starting to slowly creep out of the rut we've been in. I think the recession will end this year, and that the markets will close above 10,000 at this year's end.

We've been living high on the hog for the past decade, and even though these are scary economic times, many Americans find this newfound doctrine called "thrift" to be uncomfortable and annoying. Many more Americans have re-discovered that thing called the savings account, and as saving account balances increase in the next few months, it will bolster consumer confidence, and encourage more consumer spending. This in turn will drive the economy higher, encouraging companies to re-hire, causing unemployment to drop, etc.

(crossing fingers, knocking on wood)

[Jaxx]

7150

[Iceaxe]

7500

[CrazyFinn]

7700

[oldno7]

6931

[DODGER BOY]

7185

[RugerShooter]

6998

[erial]

7412

[Reedus]

7299

[oldno7]

If yesterdays highs hold, there will be 2 key area's of support. If these are taken out it should be new lows.

1st support=7019
2nd support=6889

[Iceaxe]

At noon today the DJIA was dropping faster than a prom dress.....

:lol8:

[Reedus]

Chock another one up for me... DJIA closes at 7278... I guessed 7299.

[erial]

Chock another one up for me... DJIA closes at 7278... I guessed 7299.

Maybe not. Your bid may have come in after the bell. But if Senator Dodd says it's okay; well, what the hay.

[Reedus]

Chock another one up for me... DJIA closes at 7278... I guessed 7299.

Maybe not. Your bid may have come in after the bell. But if Senator Dodd says it's okay; well, what the hay.

Have no clue what you are talking about....who is Senator Dodd and what the hell does he have to do with the DJIA?

[Iceaxe]

Chock another one up for me... DJIA closes at 7278... I guessed 7299.

All bids have to be in by the close of business Tuesday.... your bid came in on Wednesday....

You Are Disqualified!!!!

[Iceaxe]

Looks like rockgremlin has it.... he missed by 37, and had his guess in on time.

Now taking guess for next weeks game...

[DODGER BOY]

7899

[James_B_Wads2000]

7278

[erial]

7965

[Iceaxe]

I'm swinging for the fence. :haha:

8000

[Reedus]

7650

[Jaxx]

7543

[CrazyFinn]

7500

[oldno7]

7290

[rockgremlin]

I was out playing in Moab over the past several days. Back just in time to get in another guess.



By the way....you're crazy not to be investing in the stock market right now. Bargains to be had! :2thumbs:


This week's guess: 7850

[moab mark]

7795

My bad thought it was tuesday. :lol8:

[moab mark]

This is the wrong place for this post but, Rockgremlin since you were just in moab did you get some more pics for where is it? :lol8:

Mark

[rockgremlin]

This is the wrong place for this post but, Rockgremlin since you were just in moab did you get some more pics for where is it? :lol8:

Mark


Never again...

[rockgremlin]

Just call me "Nostradamus" :haha:


I think the markets went a little overboard on the bull side and this next week will see only slight gains.

For April 3: 7895

[accadacca]

This sucker is rigged! :haha:

[moab mark]

7795

My bad thought it was tuesday. :lol8:


I think wednesday at 1:42 should count. I could buy a snickers. In need a treat right now.

[rockgremlin]

This sucker is rigged! :haha:


Yeah, that ouija board has been scary accurate so far! :lol8: I should really look into options trading with this kind of luck...

[rockgremlin]

I think wednesday at 1:42 should count.

:lol8: Dang you were sooooooo close this week!

[oldno7]

Alright---Time to end Rocks dominance: 7025

[erial]

7629

[Reedus]

7849

[Iceaxe]

7650

[DODGER BOY]

7888

[moab mark]

7569. :nod:

[moab mark]

Unless North Korea blows up the world today. Rockgremlin is going to win again. :frustrated: :hail2thechief:

[rockgremlin]

Unless North Korea blows up the world today. Rockgremlin is going to win again. :frustrated: :hail2thechief:

:lol8: Man you guys are pessimistic. I think the markets are sick and tired of sitting on their hands. Investors are eager for any signs of good news, and are currently rallying big time today even though unemployment figures are unexpectedly higher.

I think another mini-slump is coming...but not yet. Give it another month or so. I predict the Dow will be over 9000 by the end of this month. :2thumbs:

[Reedus]

Unless North Korea blows up the world today. Rockgremlin is going to win again. :frustrated: :hail2thechief:

:lol8: Man you guys are pessimistic. I think the markets are sick and tired of sitting on their hands. Investors are eager for any signs of good news, and are currently rallying big time today even though unemployment figures are unexpectedly higher.

I think another mini-slump is coming...but not yet. Give it another month or so. I predict the Dow will be over 9000 by the end of this month. :2thumbs:

9000??? I want some of the weed you're smokin.

[Iceaxe]

9000??? I want some of the weed you're smokin.

I'm not betting against Rock until he falters.... I'm impressed with how well he has done.

:popcorn:

[rockgremlin]

Not smokin...just riding the trends. A few weeks ago you'd have said I was high if I claimed the Dow would be around 8000 points today.


Looks like we're poised for another rally today. :2thumbs:

[rockgremlin]

The current rally appears to have some legs under it. I'm still anticipating another mini-slump sometime in the next couple of months, and from there it should rocket.


Next week's guess: 8126

[moab mark]

Rockgremlin,
I Here that fox news has a position open for a market analyst. Could be big $$$$$$$.

[rockgremlin]

Rockgremlin,
I Here that fox news has a position open for a market analyst. Could be big $$$$$$$.

:haha: Why be a Fox analyst when I could be a Bogley analyst?

I watch the markets a lot because I recently got involved in online stock trading. The great thing about this recession is that stocks are dirt cheap, and there's a ton of cash to be had if you buy low and hold. :2thumbs:

[moab mark]

Return on your time may be a little better at fox. Hope your trading is going well. I day trade as my second occupation, it pays for toys and playing.
Mark

[blueeyes]

This is the first time I have poked my head in this thread. This is pretty entertaining. :popcorn: Very impressive Rock!

[moab mark]

8039

[erial]

8240

[Reedus]

8038

[Iceaxe]

7950

[oldno7]

7777

[Reedus]

Is there an echo in this thread........ last two bids are disqualified for being late. Read the rulez, 3pm. :bootyshake:

[rockgremlin]

OMG! I LOOOOOOVE Textron!!!!

WA HOOOOOOO!!!! :rockon:

[Iceaxe]

Is there an echo in this thread........ last two bids are disqualified for being late. Read the rulez, 3pm. :bootyshake:

We're safe.... we were drinking beer on the beach in Hawaii when we posted.

:bootyshake:

[oldno7]

Is there an echo in this thread........ last two bids are disqualified for being late. Read the rulez, 3pm. :bootyshake:

We're safe.... we were drinking beer on the beach in Hawaii when we posted.

:bootyshake:

On the North shore, watching the annual pole dancers naked surfing contest. :bootyshake: :bootyshake:

[rockgremlin]

VERY CLOSE THIS WEEK!!!!!

I was closest (within 43 points), Moab Mark was only one measly point behind me (44 points off), and Reedus was only two points behind (45 points off). That late rally is what won it for me.

Since Wells Fargo shocked everyone with their $3B 1st quarter profit, next week should be higher.

I'm saying: 8410

[Iceaxe]

I just want it on record.... Rockgremlin is a pussy!

[rockgremlin]

I just want it on record.... Rockgremlin is a pussy!


:roflol: :roflol: :roflol:

[Reedus]

I am confused... DJIA closed on Friday?

[erial]

8179

[Jaxx]

$1 Bob

[moab mark]

8096

[rockgremlin]

And the bull run grinds to a screeching halt...

The stock market is more fickle than a 13 year old girl in love. Last week positive news from Citigroup and GE cause their share prices to plummet more than 10%. ??? Shouldn't negative news been the cause for their shares prices to drop? :ne_nau:


This week: 8116

[moab mark]

7980

[erial]

8202

[rockgremlin]

The Dow was sitting right at my predicted 8116 until 15 minutes before the close, and then it dropped dramatically. :frustrated: Damn profit-takers!


The stall in the rally appears to be giving way. Look for a higher close next week as many companies report 1st quarter earnings. I would say let's hope for positive news, but positive news reported by Citigroup, Wells Fargo, and Bank of America backfired last week, leading to a 20 - 40% decline in financials. So who knows... :ne_nau:


Next week: 8265

[erial]

8380

[rockgremlin]

Does anyone else here dabble in the stock market? Geez, at these levels all ya gotta do to make a bucket of cash is buy some stock in solid companies trading at historic lows, and ride it out. Much better than the two bits your crappy bank will give you in interest on the same amount of money in a savings account.

It appears that we're at the bottom of another bull run. Chrysler declares bankruptcy and wall street shrugs it off after 24 hours. Next week look for another modest increase despite what potentially may be bad news from the bank stress tests to be released soon.

Next week: 8372

[erial]

8450

[James_B_Wads2000]

6700

Come on Second Great Depression! :haha:




James

[rockgremlin]

Nice try batateam. Next time try posting without using porn links BIATCH!!!! :nono:


YOU'VE BEEN MODERATED!!!

[erial]

8732

[rockgremlin]

Erial is last week's winner. I'll get the chart updated pretty soon.

I didn't anticipate such a huge rally last week...in spite of James's doom n' gloom prediction of 6700.

I don't see any end to this current bull run anytime soon...next week: 8699

[erial]

8485

[Reedus]

14,768

[coinslab]

for this new week 8118

[erial]

8920

[rockgremlin]

8825