Dow DEFINITELY looks good to 9000

Quote from rickty:

I don't know whether the DOW will go to 9000 or not in the near future; but according to Warren Buffet in a interview with Maria B. on CNBC (to appear later tonight) he believes that there are going to be better buying opportunities later on. I won't be betting against Warren, especially as I agree with him, in this instance (irrespective of any near term forecast).

Richard
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What I heard was Barfaroma asked Buffett what it would take to buy stocks today.

His response: "Lower prices."

If she had any brains, she would have followed up with:

"If you didn't own BRK.A, would you buy it at this price level?"
 
Quote from rickty:

I don't know whether the DOW will go to 9000 or not in the near future; but according to Warren Buffet in a interview with Maria B. on CNBC (to appear later tonight) he believes that there are going to be better buying opportunities later on. I won't be betting against Warren, especially as I agree with him, in this instance (irrespective of any near term forecast).

Richard
More...

There are two lessons in life one should learn. You do not bet against little old ladies at the craps table and you do not fade Warren Buffet.
 
Be SPECIFIC babak, about your market drop theory.

No one respects someone saying "it will drop", and who continues to say it as the market rallies.

Tell us WHEN it will drop.

Now there's a novel idea.
 
Quote from Jesse J.:

Be SPECIFIC babak, about your market drop theory.

Tell us WHEN it will drop.
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Did you mean for this to be in the Babak's Journal thread? He said it would be at least 1 month before he would claim defeat or victory. Notice how he didn't claim victory after the market dropped initially. You should give him the courtesy of not declaring his defeat til the deadline is up (which would be May 25th or later). I don't think it is May 25th yet.

Note that you specified May 23rd as your deadline date. I could declare you to be "WRONG" this instant since the Dow has not yet reached 9000. But that would be idiotic since the deadline has not arrived.

It will be interesting to see where the market is in late May!
 
if he said a month, i'll give it a month. But his month started a d=few weeks ago.

anyway, We'll see where the market is by May 23rd.

Fair?

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btw, i think the market will drop, but not in may.
 
Quote from Jesse J.:

if he said a month, i'll give it a month. But his month started a d=few weeks ago.

anyway, We'll see where the market is by May 23rd.

Fair?

---

btw, i think the market will drop, but not in may.
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Yes, cool. Looking forward to the result, one way or the other.
 
If you just lose your reputation it will be ok :D

Well well well without any extensive analysis than by looking at my monthly chart I would first wait for the break and before any break it should consolidate and after consolidating perhaps he would be willing to follow the descent path that is showing :D.

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Quote from Jesse J.:

After extensive analysis, I am SURE the Dow will rise to 9000 in the next few weeks.

I am so sure avout this, I am willing to stake my reputation on it.

That's right, I will leave ET if it doesn't happen.

JJ
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Jesse, we are all eager to see your extensive analysis of the Dow to explain your claim for a 9000 target by the 23rd.

Grace us hoi polloi with greatness of your mind, with charts, text, etc.

Don't be bashful in citing sources.
 
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