Where will the Dow Jones industrials end 2009?

Did anyone see the 60 Minutes story week of Christmas.  More exotic mortages are to reset in 2009: one types with as may as the subprimes and noone is saying a word about these toxic assets,,,You still think the stock market is going higher??????????? Fantasy Land!

I think we will see a slight improvement, but it will be hard to achieve.  Though times are hard, and the economic plight looms over us like a dark cloud, I think its important to try and be optimistic.  It will, I believe will alleviate the burdens many people are facing to some degree.

We subscribe to a quarterly report from a well-known agricultural economist that has been around awhile. He predicts the market will rebound somewhat before dropping once again and eventually bottoming out around 4500 and provides a great deal of data in support of his assessment. I view his prediction as a worst case scenario but during times like these it may be prudent to  "plan for the worst and hope for the best." That is the message I heard many times from my grandmother and others of her generation who lived through the 30's.

By the way.....my grandmother was born in 1882 so she'd been around awhile as well! :-)

dow is going to gallop once americans realize that barack's stimulus package plan under careful supervision/guidance is pragmatic-- specifically,  i am a physician  executive, electronic medical record (emr), will modernize medical care delivery without intrusive bureacrats(insurance companies and government inclusive)-- cost of care  will be reduced and affordable to the payors-- the burden of supporting this program will rest on payers, providers and consumers of health care-- i feel that his team has the will and means to make changes in this essential service-- i.e. quality care at a reasonable cost to all americans

The gaint has come to an end.

The great Gaint has come to a end

I've already lost $8,000 out of my IRA- I've taken that away from the hands of my agent with New York Life, who really does'nt seem to care of my account, seeing it's under $100,000-- the end of 2009--we'll be 7,000 & possibly below-- really does'nt matter what color a President is, they can't perform miracles & now states are talking of letting prisoners go?-- as long as they keep them in thier own states-- this country has a long, long ride ahead--

Right on, old phart you hit the nail on the head!!!

Unless we get back to government actually as the constitution specifies and a national as well as an individual policy of "pay as you go", we're doomed to a long spiral down to third world status as our reality.  

We may be obligated to "free trade" treaties....but we could charge a handling fee on imported goods to pay for 100% inspection of stuff arriving in our ports!

We could also add costs of airport security to plane tickets.  And delete the 100,000 hired for "homeland security" which are actually doing other duties in local governments.

Unless we get to a balanced budget soon, we can all kiss our economy as we know it goodbye.  Maybe learn Chinese, Arabic or German or Indian or Russian...as it they'll be calling the shots more and more often.

I think we'll be over 10,000 on DOW in first half 2009...but we may be BOTH up past 10,000 and down below 7500 during 2009.

Max

If you watched the Presidents News Conference, its easy to see why the country is in the mess(s) we're in today.  Dick  Cheney said he didn't see the economic crisis coming our way. 

President  elect  Obama,  and his administration, are  inheriting  the worst  economic crisis since the great  depression.  Lets hope the economic crisis is fixable and at least  turned around heading in the right direction during  Obama's first  term  in office.  

No government employee should ever be allowed to vote in any election. Do you vote for/against your employer? Stop the insanity. As a public servant, you should voluntarily give up your right to vote or seek other means of employment in the private sector.

There will be no economic recovery without a housing market. This $920 billion stimulus bill should be focused soley on that fact. It isn't the focus because the leadership in D.C. doesn't have a clue as to how to run a business, let alone find our way out of the legislation induced (banking deregulation) economic depression. The homeless don't pay taxes!