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Predict where the Dow Jones will end up on 12/31

Discussion in 'Anything goes' started by Captain_Kirk, Oct 3, 2007.

  1. Captain_Kirk

    Captain_Kirk Well-Known Member

    A little Wall Street contest for everyone. Predict where the Dow Jones average will end the year. Right now, it's hovering around 14,000, but over the past year, it has ranged from 11,600 to 14,100.

    You've got some signs of positive economic growth, but you've also got warning signs in the mortgage loan industry, home foreclosures, etc.

    Winner gets the book, "600 Ways to Go Bankrupt" by MC Hammer.

    If you come within 100 points, you may want to start rethinking your career choice.

    The Captain's call: market is overvalued right now and I'm selling short. 12,689 at year end.
  2. KYSportsWriter

    KYSportsWriter Well-Known Member

    I'll go 11,835.
  3. John

    John Well-Known Member

    Considering I used to work for Merrill Lynch, with my father and brother, I should have a good answer for this. But I don't.

    I think we'll finish around 13,000, but who the hell knows. This is a damn tough time to be in the investment business.
  4. Pastor

    Pastor Active Member

    Another Fed rate cut is on the way. The DJIA will finish up at 14,200.

    Before that comes, I see the DJIA dropping to 13,500.
  5. EStreetJoe

    EStreetJoe Well-Known Member

    What's the deadline?
    Can we wait until the Consumer Confidence Index gets released at the end of October or do we have to make a prediction in the next week or so.

    If I have to make a prediction now, it will be 13,269.. yes, that will be my final answer. 13,269.
  6. Captain_Kirk

    Captain_Kirk Well-Known Member

    Sorry, deadline is gonna be quick: this Sunday night at midnight YT (your time).
  7. Armchair_QB

    Armchair_QB Well-Known Member

  8. Simon_Cowbell

    Simon_Cowbell Active Member

  9. expendable

    expendable Well-Known Member

    I'll say 13,767. It seems like a nice round number. :D
  10. BigDog

    BigDog Active Member

    I'm going 14,458.
  11. Chi City 81

    Chi City 81 Guest

    I'll bid $1.
  12. KYSportsWriter

    KYSportsWriter Well-Known Member

    What was the last bid?
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