Your Questions About What Is The Stock Market Today

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Thomas asks…

What do you think is going to happen in the U.S. stock market today, Aug. 16th?

Justin answers:

The Dow will lose 30 points (give or take), the S&P500 will lose about 5 points, and the NASDAQ will lose 2 or so points.

(When I am eerily correct and you give me “Best Answer”, I’ll tell you how I did that and why it almost always works….)

Robert asks…

What do you think will happen in the U.S. stock market today? Are there any influencing factors today?

Justin answers:

Currently the Dow Jones futures are +173 largely because the last months consumer price index was flat, a better than expected reading. Also after yesterdays drop you should anticipate a bounce of sorts provided there was no more bad news. My guess is that the initial gains will hold and the market goes plus for the day however other factors may come into play as the day proceeds.

Donald asks…

Investing into the stock market maybe?

Is it smart to invest in the stock market today is Feb. 10 2009? If it isn’t is there a time that if will be? If it isn’t smart what about a cd or if you have any other things related to that. Also i am just in High School and don’t know much about it.

Justin answers:

Market’s too jittery right now. I’d look at the dow and set a point of entry either 500 points lower or 500 higher. To get more of a direction. I don’t see anything jumping to the sky right now, other than shorts. So no real hurry to get in a long position for a newcomer.
A cd is smart with your local bank. Not a big %, but safe. Being in high school is a good time to start investing responsibly for the future. Plus you’ll have enough time in case you lose a big portion of your money so young.
What stocks, sectors interest you?
Dia or spy are good for long term holds. Oil’s very cheap by the barrel also.

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