DOW Betting

[Nastycrow]

Originally posted by: weknowhowtolive
Date: May 06, 2010 at 10:57 PM
Source: https://forum.mmajunkie.com/threads/dow-betting.25335/

After todays giant drop, which it appears was a typo from Million to Billion which caused quite a drop and sell off before it started going up, the line for DOW up tomorrow is +120.
Anyone with a good knowledge of the stock market think this is a good bet?

 

[Nastycrow]

Originally posted by: MikeyHatTrick
Date: May 06, 2010 at 11:01 PM
Source: https://forum.mmajunkie.com/threads/dow-betting.25335/

do a quick forecast
you can do this with excel

 

[Nastycrow]

Originally posted by: Rounder
Date: May 06, 2010 at 11:35 PM
Source: https://forum.mmajunkie.com/threads/dow-betting.25335/

Be Patient my son... Don't short, but hold until the market settles.. We were due for a correction. If you do buy into the market, do so in quality stocks in increments.

 

[Nastycrow]

Originally posted by: weknowhowtolive
Date: May 06, 2010 at 11:49 PM
Source: https://forum.mmajunkie.com/threads/dow-betting.25335/

Just to be clear, this was not buying stocks. This was a bet on 5dimes that the DOW Jones would go UP from todays closing numbers, nothing else.
I talked to my buddy I bet with and we took it because it was hammered quickly and went from +120 to -110 in under 30 minutes. We dropped 1.1 units to win 1, so a .3 unit swing, but we figured we'd get it before it got too much higher.

 

[Nastycrow]

Originally posted by: schmacko
Date: May 07, 2010 at 11:39 AM
Source: https://forum.mmajunkie.com/threads/dow-betting.25335/

It boggles my mind that betting on the DOW ending up or down even exists....
Unfortunately the chances of the DOW finishing up today are prob pretty slim, and chances are next week will be a down one too. It's done almost nothing but go up for the last 13+ months, a significant downside correction is probably overdue... but who knows.