Were will the Dow be be in sixty days ?

I DOWn't know.

Actually, I think this situation could act like a sling shot and pop back in the right direction. Several good things are happening:

1) People are worried about the federal budget.

2) Congress finally made a decision on what to do with the budget.

3) People are still worried about the budget, but at least there is a new deadline with a new cap to

the total deficit, giving us a little more time to get back on track.

4) As the people gain their confidence in the economy, the DOW will return to normal and will

probably even quickly sling upward and stay that way for at least a short while.

With this in mind, a few things could happen in the future:

1) The Good Side: Everyone responsible for the budgets (from the Federal Government down to

the different departments of the city governments) will use this time to gain revenue by:

a) keeping jobs by reasonably lowering paychecks instead of laying off people

b) re-evaluating government purchasing and job benefit contracts. Maybe Congress could issue some

sort of Temporary Emergency Government Contract Act to allow the government to make deals with

companies in order to re-establish the contracts for a lesser amount of money.

c) auditing all payments to detect fraud

d) devise a plan to control the decision of all spending to protect against fraud, extortion, and

any other means costing our country so much money.

e) create jobs

f) the new deadline on the deficit arrives, and that is ok, because we cut back on frivilus spending, we

have located and collected on criminal activity, cut back on salaries - not jobs, created more jobs, re-

evaluated government contracts, located all possible leakage of government money, we have

responsibly accounted for all the money saved, and spent it on the deficit and the healthy growth of our

country and it's economy.

OR

2. THE BAD SIDE. Everyone responsible for the budgets (from the Federal Government down to

the different departments of the city governments) will use this time to gain revenue by:

a) relaxing because the deadline is postponed and deficit cap is raised. "After all, we can take care of

the problem later."

b) people will continue to be let go from their jobs in order to fit everything into the budget and the people

kept in their jobs will probably receive good raises.

c) Contracts will not be evaluated, federal money will be used to build unnecessary establishments,

bridges, or roads

d) Spending records will not be adequately investigated for criminal activity, and some of those that are

actually found may be pushed under the carpet due to some political agenda

e) An inadequate number of dependable jobs will be created

f) The deadline to pay back the amount owed will again arrive and we will be in a worse position than we

were before.

Both sides are to the extreme, but that's my opinion. .... I'm just sayin'

You aren't too far off base if you believe it will be below the 12,000 mark. The stock market reacts based on fear. Today is no different. The fear right now is still the unstable unemployment picture and it is also the fact that the Fed announced yesterday that it will not increase interest rates but keep them low until 2013. That might be good news for those that want to buy, but that is bad news for persons who want to sell homes. Right now the financial picture of the U.S. is bleak. I know that doesn't sound good to hear, but lets face the facts. When your nation's infrastructure is crumbling as we speak, the jobless picture continues to remain pessimistic and at an all time low, in addition to no one knowing what to do about the nations debts, then this is how the market will react. I don't really trust the market, and I wouldn't dare invest in the market right now. The only thing I have heard that is best to invest in is gold. Right now gold values are more than that of the dollar, which is why so many are stock piling to invest in it. But even with that, it is risky. I think the Dow will probably be a bit below 11,000 because I don't expect things to get better any time soon, especially when politicans have no plan to work on these things.

It'll be at my house, getting drunk.

We are all screwed. thirty years of Republican fiscal

policy has doomed this nation.

It's going to dip but then it will rise.

Fear is what's keeping things bad.