under 6500 means time to buy, that is what I heard a long time ago

[jsamuel]

See the market, got under that, then in the last half hour, jumped 150+ points.

[MrPerson]

1. Gannon knows where the bottom is.

[librechik]

2. yup--looking at Whole Foods

they had to divest of some properties (Wild Oats stores) but closed today at 12.08, cheap--and the demand for pure foods is bound to spring back from the current downturn (methinks)

feh--I'm broke & I can't touch my 401k money. Have at it, investors.

[burythehatchet]

3. There are still a few folks out there who haven't been completely shaken down.

[GentryDixon]

4. I was actually surprised when I checked my

stocks today. A few were down, but after the blood bath of two days ago, I was up, not down. Go figure. I have still lost 40% of my investment. Who knows when to cut their losses?

[lumberjack_jeff]

5. I think it's going to bounce between 6300 and 6600 for the next few months.

Pulled it right outa my butt. Can I haz CNBC job now?

[jsamuel]

6. your hired!

[paulsby]

7. "buy when there is blood on the streets"

oldest truism in capital markets.

fwiw, i am in the process of closing on a house. it's not quite "blood on the streets" but the seattle market is down significantly.

the guy who is selling is taking a 150k loss from just 2 1/2 years ago.

[madrchsod]

8. general electric at 6 and change? buy,buy,buy!

[MercutioATC]

9. A lot of people bought really cheap Bear and Lehman stock...

I agree that there are long-term deals out there, just be careful.

[slackmaster]

10. Yes, a lot of people believe that round numbers have some kind of mystical value

They don't.

[Fumesucker]

11. Five thousand is a much rounder number than sixty five hundred..

For what it's worth, which ain't much.

[slackmaster]

12. Psychologically it may mean a lot

That superstitious behavior could actually determine when the market bottoms out.

[3woodiii]

13. when to buy

Wait until about 4500-5000, I hope I'm wrong but the numbers dont look good.

[burythehatchet]

16. and 0, the roundest number of all.

[BuyingThyme]

14. Jump in at 5.

[TexasObserver]

15. I have long felt that 6500 would be the bottom.

I still do. It's possible we could see the DOW drop below 6000, but I really believe the 6000-6500 range is the floor, and I've been yelling "get out of the equities" to anyone who would listen for the past year.

If the DOW dips below 6000, I will be shocked, so I do think we're going to see a floor in this range. There are a lot of people sitting on a lot of cash right now, and when they think the floor is set, they'll be back into the equities quickly.

[notesdev]

18. I'll make that wager

if you're offering it. The DJI is definitely going to drop below 6000, at one point today it was only 471 points away, which is a minor movement compared to the 7500 point drop since the peak. Last year I predicted it would go to the 5-6k range; after all that has happened since and the continued refusal by authorities at all levels to enforce the law, I now think that a drop to the 3-4k range, and perhaps even lower, is realistic. To match the drop in the 1930s, a 14k DJI would have to drop to about 1500, and even that has to be viewed as possible given our current trajectory.

[notesdev]

17. 100% losses are 100% losses

no matter what number you buy in at.

Until the fraud is purged from the system you are better off in a cash position.