I published a poll back on March 7, 2009 asking you to pick the stock market bottom, just about a week before, it hit, what is regarded to be the bottom, (the lowest point hit by the Dow Jones average)
Since the Dow closed about 10K for the first time since, I went back and looked at the results.
Your choices were:
We are at the bottom now
6,000
5,500
5,000
4,000
3,000
2,000
1,400 (which represented 90% of all time high)
Over 100 domainers voted with 31 saying we were either at the bottom or called it at 6,000.
Good job
Only 20 of you thought the market was going to hit bottom at 3,000 points on the Dow or less.
The exact number of voters, 19, each though the market’s bottom was going to be at either 4K or 5K.
The rest 31 of you called the market bottom between 5K-6K.
So around 60% called the market bottom, within 20% correctly.
Probably much better than the street.
We are starting a new poll today, geared directly towards the industry and we will be talking about it in a new post shortly.
I hope you all participate.
I found this page via a Google search for:- Stock Market Bottom.
Coming upon it as a new boy I must say that I wish I had found you a long time ago but yet the prose are not clear in this article regarding the DOW bottom. After reading the article I am still not sure what date and what figure indicated the true bottom.
Please clarify
Phillip
I believe the low was hit on March 9th 2009 at 6,507.
http://finance.yahoo.com/q/hp?s=^DJI&a=9&b=1&c=1928&d=9&e=16&f=2009&g=d&z=66&y=132
I sold all my portfolio before leaving on to the Asia vacation tour in 2007 when the DJ was 14000…whopeeee
Hang on to the cash…as cash is KING and back to stocks in June,2009
Whopeeeeeeeeeeeeeee
Aren’t we a little too quick to judge perhaps, there is no guarantee that the bottom is in yet. During the last 20 years of the Japanese list decades, they had about 4 (four) 50% rallies before the market went even more down. Someone correct me if that us inaccurate, but I think it is accurate. I for one am not putting a party hat on just yet, more like a helmet.
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