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 Johnli 9 years ago
On 9/22/09, Nasdaq went up to as high as 2150, which could be important top. $SPX is very close to test the long term downtrend line.Today's high could be important top. If not, we are just a few points away from the important top. Bulls got to be careful!The US stock will start a big correction...
by Susan Reid 6 years ago
It's at 12,900+ right now with a few hours to go in the trading day.Ladies and gentlemen, place your bets.Lectures about why the stock market is a meaningless measure of anything are expected. Go right ahead.I'm just asking for thumbs up thumbs down vote on hitting the 13K milestone again for the...
by Jack Lee 4 weeks ago
He said on Oct. 30, 2018 -If you want your stocks to go down, I suggest you vote Democrat...
by ngureco 9 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. Never, never.One such Elliott Wave Theorists is Robert Prechter Jr. In his...
by ngureco 4 years ago
Which Are The Best Trading Strategies In The Stock Market?
by Jack Lee 17 months ago
The DOW is at an all time high of over 22,000. That is great news for people who are investing...The question is, what percent of the population is in the market and reaping the benefits?Not everyone buys individual stocks or trade on daily basis. Some are indirectly invested based on their 401K or...
|HubPages Device ID|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Google Analytics|
|HubPages Traffic Pixel|
|Google Hosted Libraries|
|Google AdSense Host API|
|Conversion Tracking Pixels|
|Author Google Analytics|
|Amazon Tracking Pixel|