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Will the Dow Stay over 7000 in 2008?

Settled as Yes

DJIA never dropped below 7000 during 2008...

Lowest point was:
Open High Low Close
20-Nov-08 7,995.53 8,187.40 7,506.97 7,552.29
and
21-Nov-08 7,552.37 8,071.75 7,449.38 8,046.42

Background:

Another question asks if the Dow will drop below 7000, but suspends in a few days. This question looks at the same topic in the opposite way and will take us through December. The Average only has to dip below 7000 on an intraday basis for this question to be settled as NO. It does not require the market to close below 7000.

SUSPENDS on December 24th.


Settlement details: As reported by <a href="<a href="http://www.marketwatch.com/">http://www.marketwatch.com/<;/a>"><a href="http://www.marketwatch.com/<;">http://www.marketwatch.com/<;</a>;/a>

 
Forecast history, %
   Zoom in

Settled

Yes
94%
No
6%
Activity: H$192,073
Settled as Yes on last Thursday 9:02am PST

Suspend date: Wed 24th Dec 2008 6pm PST Settlement date: last Thursday 9:02am PSTPrediction cut-off: Predictions on this question after Wed 24th Dec 2008 6pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 53%

Action history:

Created Sun 23rd Nov 2008 9:21pm PST by drzinternet
Changed Suspend date Mon 24th Nov 2008 4:02am PST by bayoubear[Admin]: was: "2008-12-26 07:00:00"
Suspended Tue 25th Nov 2008 8:23am PST by bayoubear[Admin]: Suspend until the other form of this question suspends on 11/30/08. This one will reopen on 12/1/08 and run until its suspension date.
Unsuspended Mon 1st Dec 2008 11:22am PST by bayoubear[Admin]: Previous market has suspended...this one is now reopened.
Suspended Wed 24th Dec 2008 6pm PST : Suspend date reached
Settlement requested last Thursday 1:56am PST by orlin: No.

http://finance.google.com/finance/historical?q=INDEXDJX:.DJI
Settlement requested last Thursday 7:25am PST by crowe: please settle as yes. DOW did not drop below 7,000 since creation of market.
Settled as 'Yes' last Thursday 9:02am PST by bayoubear[Admin]: DJIA never dropped below 7000 during 2008...

Lowest point was:
Open High Low Close
20-Nov-08 7,995.53 8,187.40 7,506.97 7,552.29
and
21-Nov-08 7,552.37 8,071.75 7,449.38 8,046.42

Suspend date: Wed 24th Dec 2008 6pm PST Settlement date: last Thursday 9:02am PSTPrediction cut-off: Predictions on this question after Wed 24th Dec 2008 6pm PST have been voided because they were made after the question could be settled
more info...

 

Predictions (192)

192 predictions

1 week ago
bobdevine predicted Yes (H$5,555 at 94%)
1 week ago
oppugner predicted No (H$20 at 7%)
2 weeks ago
opie predicted Yes (H$50 at 93%)
2 weeks ago
hoernla predicted Yes (H$900 at 95%)
2 weeks ago
vaha829 predicted Yes (H$100 at 92%)
more

Comments (8)

  1 bayoubear[Admin]
We're going to suspend this one until the other similar question reaches its suspension date, which is this Sunday night.

This one will reopen on Monday, Dec. 1, and run until its suspension date in late December.
posted 6 weeks ago
WHY?
posted 6 weeks ago
This site really sucks. I really can't stand the way you make up the rules as you go along. First you personally approve this then do an about face and suspend it. What are the complaints, and what is it hurting by being open??? I've been wasting too much time with this crap anyway. Good excuse to call it quits.
posted 6 weeks ago
  4 bayoubear[Admin]
Sorry you feel this way, but after some comments directed to me, it did seem as if this question did duplicate the other one a bit too much to be active at the same time. To preserve this question I made the decision to temporarily suspend it until the other question had suspended at its designated time. Perhaps I shouldn't have allowed it at first, but I didn't want to void the version you'd created. It is a good question and should get a great degree of interest during the month of December while the other one is suspended.
posted 6 weeks ago
It is a shame the question has been suspended, as it offered some easy arbitrage pickings! Oh well...
posted 5 weeks ago
  6 bayoubear[Admin]
@Capt...it's only suspended until December 1...there's another similar question out there that suspends on 11/30, so once it does, this one will open up again...you'll be able to place additional wagers or cash out those that have already been made....

Welcome aboard Captain!!
posted 5 weeks ago
  7 bayoubear[Admin]
Thanks for the reminder...this market is now reopened as the other question has suspended...
posted 5 weeks ago
  8 dieseldog
looks like guido got this one wrong.
posted 2 weeks ago

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