Dow Breaks 7,000, What's Next? Predictions?

[Joshua Dorkin]

I figured we'd create a predictions thread for the stock market after I saw the Dow was below 7,000 for the first time in 12 years.

So . . . anyone have any predictions?

[Mike McKinzie]

I do enjoy predictions and looking back at how they turned out. We are in a very interesting time right now, with high unemployment but a solid DOW/Stock Market.

Although I do not need to work, I have been testing the job market, mostly the Non-Profit sector, looking for a Finance Director Position. ( I enjoy the Non Profit world as it helps the less fortunate of our society). My last interview, the HR Director told me that they had over 400 applications for one job. The one before that, they had over 350 applications for one job. That is a lot of folks looking for work!!

So while there is no "gloom and doom" from me, there is reality. And the reality is, where I live, Gas is still $4.25 a gallon, unemployment is over 12% and foreclosures are still at record highs. I live in a strange economic area (Orange County, CA), investors are over paying for flips and banks are holding back inventory. Go figure!!