Sunday, February 17, 2008

Optimists are out in force

In the last ten days, 13 more people have voted in my online poll, and 12 of them (92%) think the Dow won't dip any lower than 9000. This is more optimistic than the first 16 voters, as only 11 of those (69%) made the same prediction. If this small sample is representative of investors generally, then the market mood has become more optimistic, and this makes the market more vulnerable to further drops.

3 comments:

moneythoughts said...

Take a look at Moneythoughts, as someone interested in investing, you might like what you read.

Cathy said...

It's going to be so interesting to see where this goes. I wonder if there's a correlation between sunspot minimum and dives in the stock market. (Just kidding. Maybe)

moneythoughts said...

Hi Jody,

Thanks for your comments, I found them well thought out, and I agree, you can't give everyone a new car. I hope you will continue to check in with me from time to time and read my blog.

Fred