|What a great subject for your first day on SI! Are you looking for short-term predictions or long-term ones? I will venture to guess that tomorrow (Friday) will be an UP day for the market, and Monday will be down.|
Why? Options expiration...stock options expire tomorrow (the third Friday of every month) and the prior day's movement is a often a precursor to the expiration day. When you have a strong 2-3 day move associated with this "witching day", the trend tends to reverse the following Monday.
Long-term prediction? The Dow will be higher 30 years from now, at least in nominal terms. If you are investing for the long-term, it's a much better bet than buying a government bond paying only 3% interest.
Many people (myself included) believe we will see a sizeable spike in inflation in the next 5-10 years...if that's the case, putting your money in precious metals, energy, and commodities is the way to go.