So much for Suze Orman's perceived "market bottom" (said 8200 would be floor)

[Unsane]

So, it's all up from here Suze?

[BlooInBloo]

1. People listening to and quoting from her and Cramer are fools.

[GOPNotForMe]

2. Don't hate on Suze. It was just an educated guess. nt

[livetohike]

3. Suze Orman gives good advice about saving money and

keeping out of debt, but she is not an expert on financial markets. She's personable and an entertainer on TV.

[TexasObserver]

16. That's right. She's OK as Dear Abby to the unsophisticated investor.

She is good at understanding and explaining a family port folio, and good at advising people in ordinary circumstances about keeping some liquidity, buying safely, and not getting too much in any one stock or investment vehicle.

The DOW has yet to END the day with under 8200, and I suspect that is the measure of her prediction, not the dip well below that number.

I think we could end up with 7500 as the floor, but that might take a while to happen. Even with the Plunge Protection Team and today's rally, the day ends with the DOW down -128, finishing at 8450.

Next week? Probably going further south before it settles in and establishes a real floor.

[shireen]

i love Suze

she gives good advice. i would not judge her too harshly for making a wrong call -- i don't think anyone understands WTF is going on in the markets.

[shireen]

4. sorry, dupe

[CoffeeCat]

5. Suze Orman is not to be trusted...

She is inside the corporate elite circles, giving really bad advice to people.

Instead of advising people that credit-card companies are bad--she advises
people to stay in the game and move credit around from card to card.

She also did ads for GM--further solidifying the pro-corporate mentality--that people
must go out and purchase new, expensive $50,000 cars and finance them for several years.

She's a sell out.

Yes, some of her advice is just fine. However, if you really want to listen to a financial
adviser who will tell you the truth--listen to Dave Ramsey and buy his book "Financial Peace."

Ramsey is the Michael Moore of the finance and money management world.

[Unsane]

6. Did you see that predatory lending doc on TV the other night?

Suze Orman basically works for the credit card people.

[CoffeeCat]

12. I didn't see it...but she really is a total joke...

...isn't she.

Suze Orman and Chatzky--as well as many others--serve the credit card companies.

It really is a crime. A very sad crime.

Americans have been so conditioned to believe that they MUST have credit cards. Their
advice always centers on telling people to call the credit card companies and negotiate
a lower interest rate. I just want to scream! If these people really wanted average
folks to save money, they would tell people to cut up those cards and live within their
means--instead of paying 20 percent interest on things that they've bought.

It really is a travesty, and it drives me nuts.

The credit card people have the lawmakers and lobbyists on their side. They don't need
talking heads, posing as financial advisers, in their column either.

[irish.lambchop]

14. Thank you for the recommendation of this book.

I'm going to look for it this weekend.

[gravity]

7. She could be right

The market dipped below that today, but there is no reason this can't be the bottom

[MadBadger]

8. Maybe its 8,000

[rufus dog]

9. to be fair she said 8200 or maybe 8000

As of right now she looks pretty damn good, it has rebounded to 8500.

[Submariner]

10. Orman lead investors to believe she was an all-in investor

Within the past year she admitted she only used a tiny part of her wealth, about a million, for the investing she recommends. The rest of her dough is in safer investments.

She has no skill in the investment community, and to me she is deceitful, if not an outright liar.

[msallied]

11. It's sitting at +85 right now. Dunno what just happened.

The market is officially bipolar.

[vaberella]

13. Don't listen to her. It went near 8100. She just lost all her money in stocks.

So she's up set. I've seen the way she tells people to invest and she follows a lot of her own preaching. Not only have those people lost all their money from her advice but she's lost it too. You could tell why she was so angry and pushing the Bail out a lot. She lost millions.

[Abacus]

15. 8200 was never going to be firm support

Looking at the last 11 years of Dow data, 7500s is clearly going to be our best shot at turning this around in the near term. Today's candle implies green on Monday, absent any weekend collapses, but Monday's gains will be short lived.

[TheDonkey]

17. She was very close. The market dipped below 8,000 but there was support to bring it back

to 8,500. It's hard to believe the market will actually grind to a halt at anything below 8,200..