Quote:
Originally Posted by MJK
I am actually hoping the markets slide again becuase I have some cash lying around and have been waiting a couple months now to invest. I have been expecting the markets to come back down for awhile now and I think there will be some excellent opportunities to buy soon.
I have about 50% of my portfolio in oil stocks and have about 25% sitting in cash waiting for my opportunity to buy.
This is a question to the experts out there...how far can we expect the Dow to drop? Is it unrealistic to get it back down to 8000 at this point? It seems the days of 7000 are behind us for now.
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Hmmm, I think you're going to be pretty lucky if you see 9500 again which I think is quite possible sometime this month if the job numbers are not looking good tomorrow. Much less than that and there would have to be signs that we are heading into another deep recession. The tsx only dipped down to the 7 - 8000 range b/c investors had priced in the possibility of a depression and collapse of the banking system. With those threats bascially gone I don't think you'll see much less than 9500, if even that considering that's 12% below what it's at now.