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View Poll Results: Where will the DOW end 2006 | |||
Up more than 20% (12,860 or higher) | 2 | 11.11% | |
Up 10% -20% (11,788 - 12,859) | 2 | 11.11% | |
Up 5% to 10% (11,252 - 11,787) | 6 | 33.33% | |
Flat - right around 10,700 (less than 5% either way) | 3 | 16.67% | |
Down 5% to 10% (9,645 - 10,181) | 1 | 5.56% | |
Down 10% to 20% (8,574 - 9,645) | 2 | 11.11% | |
Down more than 20% (8,573 or lower) | 2 | 11.11% | |
Voters: 18. You may not vote on this poll |
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#1
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Stock Market Sentiment 2006
OK, I do this every year, so I hope you're not getting bored of it yet. The Dow had an interesting year, coming down about 65.5 points in 2005. When we did this last year, 74% thought the Dow would be up over 11,340 at the least, with 52% putting their money on the Dow rising over 11,881. 24% thought the Dow would be beneath 10,260 by now, with 15% thinking we would be down below 9,720. Interestingly, nobody voted for a Dow that did between -5 and 5%. (Maybe not too surprising because since 1901, the Dow was more than twice as likely to have "extreme returns," either below -10% or above +10% than to have come in between -10% and +10%.
We closed 2005 at 10,717.5. The question is now, where do you see it at the end of 2006. Commentary is also welcomed. Thanks for the input.
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Jason Priest 1999 E430 1995 E420 - retired 1986 420SEL - retired |
#2
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Ahh I really dislike the stock market, way to many people with tons of money in it that are not investors.
I think it will go up a few percent a year for the next couple of years. Until the baby boomers start sell stuff from there 401k's. Then all bets are off, probably a massive downward spiral.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#3
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Well, I make no predictions for a percentage gain in 2006, but, sooner or later the big growth stocks (GE, Cisco, etc.) that have been basically flat for the past 2 years will have to move upward one of these days. The P/E's are becoming more attractive every day.
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