Did Domainers Call The Stock Market Bottom?

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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.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. Philip says

    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

  3. BullS says

    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

  4. Ari Shohat says

    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.

  5. windows says

    GREAT REVIEW! I agree with all your thoughts you said in your article, especially at the middle of your article. Thank you, your post is very valuable as always. Keep up the good work! You’ve got +1 more reader of your super blog:)