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Dow opens down 1000 points..friday morning (Original Post)
Demovictory9
Feb 2020
OP
greenjar_01
(6,477 posts)1. Trump must be losing his mind
Johnny2X2X
(23,827 posts)2. Just hold tight people
This is going to crash a lot further. It was way overpriced for the last couple years.
Only person I know whose opinion I really trust is an ex software engineer I worked with who left to go start his own investment firm because he developed some really useful software that helps him pick stocks. He's been telling me for over a year that based on price earning ratios and price to free cash flow data he tickles that the DOW should be at about 18-20K.
Doesn't mean you should sell, but just be prepared for things to go pretty low and then stay there for a while.
Zorro
(18,438 posts)3. Oh he'll blame it on the "Do Nothing Dems" and Obama and the "Fake News" media
LizBeth
(11,222 posts)4. So, it closed down a lot of points last night. Opening down a thousand. Is that a new number
or off the continued losing number of last night?
Brother Buzz
(39,702 posts)5. -496 on that pre-market trading thingy
pretty much mirroring what happened they day before.
