How Low Can It Go?

dmek25 · 03-04-2009, 06:41 PM

Quote:

Originally Posted by firstdown

Now I hear that Obama is looking into removing the ban on gay's in the military. I hope he spends all his time for the next year working on only that issue.

meanwhile, the whole country goes belly up. good thought process

CRedskinsRule · 03-04-2009, 06:46 PM

Quote:

Originally Posted by dmek25

meanwhile, the whole country goes belly up. good thought process

Please Mister Obama sir, please don't let our country go belly up.

firstdown · 03-04-2009, 06:49 PM

Quote:

Originally Posted by dmek25

meanwhile, the whole country goes belly up. good thought process

No he is not out making things even worse. Hey, I have said the same thing about both parties and the best thing for the US is for congress to be in gridlock getting nothing done. That way they can't screw more stuff up even worse. I believe in smaller goverment so when they are not working they are not passing laws making goverment bigger.

70Chip · 03-04-2009, 07:44 PM

Update: The Dow was up today closing at 6875. The updated predictions are below. If anyone made a guess that I missed, please advise.

jsarno: 6000
Schneed10: 6000
Mattyk72: 6000
SmootSmack: 5800
djnemo65: 5500
GMScud: 5100
redskinjim: 5000
Saden1: 5000 (not out of the question)
FRPLG: 4900
Slingin Sammy 33: 4800
Buster: 3500
70Chip: 3499
Chimpy: 1800
CRedskinsRule: 0
That Guy: < 0 (possibly)

CRedskinsRule · 03-04-2009, 07:47 PM

Hey 70, how about doing this like Schneed does the salary cap, put the guesses in the 1st post, and update occasionally.

Also, if this is for all the money (so to say) can I put a real guess at 4950.

thx.

70Chip · 03-04-2009, 07:48 PM

Quote:

Originally Posted by CRedskinsRule

Hey 70, how about doing this like Schneed does the salary cap, put the guesses in the 1st post, and update occasionally.

Also, if this is for all the money (so to say) can I put a real guess at 4950.

thx.

Godd call.

GMScud · 03-04-2009, 07:58 PM

Quote:

Originally Posted by 70Chip

Update: The Dow was up today closing at 6875. The updated predictions are below. If anyone made a guess that I missed, please advise.

jsarno: 6000
Schneed10: 6000
Mattyk72: 6000
SmootSmack: 5800
djnemo65: 5500
GMScud: 5100
redskinjim: 5000
Saden1: 5000 (not out of the question)
FRPLG: 4900
Slingin Sammy 33: 4800
Buster: 3500
70Chip: 3499
Chimpy: 1800
CRedskinsRule: 0
That Guy: < 0 (possibly)

LOL!

70Chip · 03-04-2009, 08:17 PM

Yes. Chimpy is quite bearish which surprises me. Perhaps it's the Xanax tea.

saden1 · 03-04-2009, 08:22 PM

Quote:

Originally Posted by GMScud

I've said numerous times around here that I don't get into political debate on the Warpath, however I don't hide the fact that I'm conservative.

This is a solid little write up on our new Tax & Spend Commander In Cheif:

Obama Declares War on Investors, Entrepreneurs, Businesses, And More - Money and Politics Blog - CNBC.com

Edit: I'll throw my hat in- since several people are picking 5000, I'll go 5100 for sh*ts and giggles.

I find it comical that those who generally oppose all forms of bailouts are now concerned with the well being of the market and find those who "speak" for the market credible. The irony is quite rich. What a shameless world we live in...you should be ashamed of yourselves Mr. Conservatives

I give you the shameless Larry Kudlow who likes his bailout:

djnemo65 · 03-04-2009, 08:52 PM

Quote:

Originally Posted by 70Chip

Yes. Chimpy is quite bearish which surprises me. Perhaps it's the Xanax tea.

LOL, actually Chimpy's descent into nihilism has been well documented. Did you ever hear about the circus incident in which, at a particularily important show, Chimpy halted his acrobatics mid performance and, in a rage, began yelling at the crowd, "what is it all for!? Flipping for you peasants like a goddamn monkey in a cage, getting some money, only to die at the end! WHY! Money can't save you! There is no god! Burn it all down! Wake up you primates, life is meaningless!"

Chimpy was never the same after that. Some blame the drugs, but I blame the darkness that exists in his soul.

4mrusmc · 03-04-2009, 09:43 PM

Quote:

Originally Posted by dmek25

sorry, but this is ignorance at its best

I'm sorry that you feel that way dmek25. I'm merely pointing out examples of "spreading of wealth".

Buisnessmen and investers alike want to make as much money as they can. I was just pointing out that the specter of the Obama administration, prior, and post election had people taking their money and running.

Remember my friend, there are no free lunches.

Lock me in at 3800.

firstdown · 03-04-2009, 10:55 PM

Are we guessing what it will close at or what it could drop to durn the day?

70Chip · 03-04-2009, 11:15 PM

Quote:

Originally Posted by firstdown

Are we guessing what it will close at or what it could drop to durn the day?

We are guessing where the bottom is for this cycle. In other words, if you were looking to buy shares of an imaginary DOW Index Fund, what would be the number you would give to your broker and say "If it falls to this level, get in there and start buying."

firstdown · 03-04-2009, 11:19 PM

Quote:

Originally Posted by 70Chip

We are guessing where the bottom is for this cycle. In other words, if you were looking to buy shares of an imaginary DOW Index Fund, what would be the number you would give to your broker and say "If it falls to this level, get in there and start buying."

Ok, does anyone know when Obama is suppose to announce any more stimulas stuff?LOL

I'm going with 5700

Monkeydad · 03-05-2009, 10:49 AM

^

Well, he DID say our $13 a week in stimulus money in our paychecks should start showing up April 1.

Comcast.net: Obama: People should see tax cut help by April 1

April 1, huh? How appropriate.

I believe this really IS a joke.

We'll be getting $13 less a week WITHHELD from our checks.

This will decrease the amount WITHHELD, but since they are not adjusting the tax tables for next year (that I have heard), this $13 less a week WITHHELD will result in all of us OWING more or receiving a reduced refund.

My advice, adjust that W-4 so it doesn't withhold this extra money, because your tax liability will not be changing when you file your 2009 taxes in about a year. If you don't you may:

1. End up paying in.
2. Kissing your refund goodbye (which may not be a bad thing since they won't be holding your money for a year, but why risk owing?)
3. Get bumped up to a HIGHER tax bracket since they are withholding less tax and increasing your net income.

We're getting scammed.

Worse yet, since this is a "refundable tax credit", those who fall short of owing less than the $400 or $800/couple in taxes a year WILL GET THE DIFFERENCE REFUNDED with a check. Yes, those not paying taxes will receive free money. It's not a tax credit, it's a welfare spending package.

Welcome to Obamalot

03-04-2009, 07:44 PM	#79
70Chip Playmaker Join Date: Jan 2006 Location: Manassas Age: 53 Posts: 3,048	Re: How Low Can It Go? Update: The Dow was up today closing at 6875. The updated predictions are below. If anyone made a guess that I missed, please advise. jsarno: 6000 Schneed10: 6000 Mattyk72: 6000 SmootSmack: 5800 djnemo65: 5500 GMScud: 5100 redskinjim: 5000 Saden1: 5000 (not out of the question) FRPLG: 4900 Slingin Sammy 33: 4800 Buster: 3500 70Chip: 3499 Chimpy: 1800 CRedskinsRule: 0 That Guy: < 0 (possibly) __________________ This Monkey's Gone to Heaven

03-04-2009, 07:47 PM	#80
CRedskinsRule Living Legend Join Date: Aug 2008 Age: 57 Posts: 21,429	Re: How Low Can It Go? Hey 70, how about doing this like Schneed does the salary cap, put the guesses in the 1st post, and update occasionally. Also, if this is for all the money (so to say) can I put a real guess at 4950. thx.

03-04-2009, 08:17 PM	#83
70Chip Playmaker Join Date: Jan 2006 Location: Manassas Age: 53 Posts: 3,048	Re: How Low Can It Go? Yes. Chimpy is quite bearish which surprises me. Perhaps it's the Xanax tea. __________________ This Monkey's Gone to Heaven

03-04-2009, 10:55 PM	#87
firstdown Living Legend Join Date: Oct 2004 Location: chesapeake, va Age: 60 Posts: 15,817	Re: How Low Can It Go? Are we guessing what it will close at or what it could drop to durn the day?

03-05-2009, 10:49 AM	#90
Monkeydad Living Legend Join Date: Mar 2006 Location: PA Age: 45 Posts: 17,460	Re: How Low Can It Go? ^ Well, he DID say our $13 a week in stimulus money in our paychecks should start showing up April 1. Comcast.net: Obama: People should see tax cut help by April 1 April 1, huh? How appropriate. I believe this really IS a joke. We'll be getting $13 less a week WITHHELD from our checks. This will decrease the amount WITHHELD, but since they are not adjusting the tax tables for next year (that I have heard), this $13 less a week WITHHELD will result in all of us OWING more or receiving a reduced refund. My advice, adjust that W-4 so it doesn't withhold this extra money, because your tax liability will not be changing when you file your 2009 taxes in about a year. If you don't you may: 1. End up paying in. 2. Kissing your refund goodbye (which may not be a bad thing since they won't be holding your money for a year, but why risk owing?) 3. Get bumped up to a HIGHER tax bracket since they are withholding less tax and increasing your net income. We're getting scammed. Worse yet, since this is a "refundable tax credit", those who fall short of owing less than the $400 or $800/couple in taxes a year WILL GET THE DIFFERENCE REFUNDED with a check. Yes, those not paying taxes will receive free money. It's not a tax credit, it's a welfare spending package. Welcome to Obamalot __________________ Not sent from a Droid, iPhone, Blackberry or toaster

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How Low Can It Go?

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