A couple of months ago everyone seemed to depressed about the state of the ecomony and especially the level of the D J Index.
From my position (in the middle of the BumbleTown forests) I remember telling Misha that I believed the Dow would recover enough lost ground to close beyond 10,000 before years end. Today it is 78 points off that mark.
What are your thoughts? Care to predict?
Did you invest in Rosche before the Swine Flu Outbreak?
Hey Pearl ,when ya gonna feel brave enough to put ya real pic up.
Just no speedo pics ,ok bro
The UK markets are up too. Its a very positive sign, a recovering stock market is a good indication of economic stability. Perhaps the US, and the UK are over the worst. I sincerely hope so.
My private pension (that makes me sound posh, its only worth £1k) is now up to around 90% of its highest value before the big crash. It has been as low as 65% of its peak value.
So things are certainly looking up. Hopefully a few old timers will wait for their pensions to hit the big 1.0.0, before taking the opportunity to retire whilst they can. In fact, I know that this will happen.... as lots of them are holding off retirement.
Believe it or not, thats going to be a big moment.... we are probably talking a couple of hundred thousand people in the UK retiring on the day that their stocks and funds have recovered fully. Cant be bad for the labour market, especially people my age.
In a way, the stock market is a key part of a slightly broken circle. And my shares are up a fair bit today too
LOL Pearl, improbable things do happen, and there is always a chance of irrational exuberance driving Dow above 10000 again, and even significantly higher. However, chances are this would be a good bye kiss, even if it happens. It's just bailout money inflating the stock valuation again. Draw Dow in gold or stable currency terms, and you'll see we are in severe bear market since mid 90s...
I am not an oracle, but I do think this fall is likely the time for stock market and economy free fall, and the fall is not over yet. And the winter is likely to be rough. Just wait for commercial foreclosures and the second wave of residential ones to kick off...
We live in interesting times
Oh Misha, this is so sad. We've been seeing a turn around in our investments, a nice turn around at that.
I think you are spot on Misha, be carefull folks, we really can not see the amount the bail out monies is inlating this. Still a little to hidden yet.
Here is a link to a post I made on Jan 5, 2009. It calls for the DOW to end the year at 10014. It may or may not be there on December 31st, but the fact is that we are getting close now.
http://www.thefastlanetomillions.com/st … #post75683
Misha's point is well taken. I will admit that it is possible or not. The question I would pose is: What have you done to protect yourself from another downturn? Now is the time to be using put options to lock in profits. I have done this in my 401(k) with GG stock, locking in a guaranteed 15% gain for the year regardless of the outcome. I made 19% in the 401(k) last year.
by ngureco7 years ago
Regarding the current long range downtrend of the stock market, I am one person who does not buy into Elliott Wave Theorists' apocalyptic views of the market. Their views and analysis of the markets may not make sense....
by andycool6 years ago
DOW up 255 points... are you buying stocks today? Buy DOW futures immediately for a target of 11500+ in December... cheers!
by Johnli7 years ago
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He's been uncharacteristically quiet lately. Especially for a Nigerian with an eye patch. Anyone know what's up with him?
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Yeah, I know it's not much, but I'm psyched! That's my best day so far. I had hit $5 a couple of times this month, but not $7 until today. Considering I've only been active with HP since September, I'm happy with the...
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