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Old 02-27-2009, 04:53 PM
 
Location: New Albany, Indiana (Greater Louisville)
9,593 posts, read 20,488,364 times
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If Obama has 8 years it may get to zero
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Old 02-27-2009, 07:56 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,305 posts, read 11,824,291 times
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Quote:
Originally Posted by goodbyehollywood View Post
....So, call me an optimist, but Dow 2500 will never happen, not because it shouldn't but because it can't. There will be an unprecedented global intervention before the world's largest domino is allowed to fall. Dow 5000-- possibly, in time. Dow 6000-6500-- surely, and soon.
It wasn't all that long ago that we were down around 2500 .... that was last in 1991. And it was only about 8 years earlier from then that we were mostly under 1000.

logarithmic chart from http://stockcharts.com/charts/historical/djia1900.html :
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Old 02-27-2009, 08:03 PM
 
Location: New Albany, Indiana (Greater Louisville)
9,593 posts, read 20,488,364 times
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When the Democrats took over the US House/ Senate the Dow was above 12,000. Today it's barely above 7,100.

I think Bush is looking better every day for giving 6 years of a great economy and a record stock market. Obama is looking more like a 2nd Carter term
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Old 02-27-2009, 08:05 PM
 
6,343 posts, read 8,493,784 times
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Please note that the same people "guaranteeing" the market will hit 5,000 are the same people who "guaranteed" that gasoline would be $8 a gallon by January of '09....
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Old 02-27-2009, 10:12 PM
 
Location: Parker, CO
1,037 posts, read 2,643,865 times
Reputation: 1630
Quote:
Originally Posted by censusdata View Post
I think Bush is looking better every day for giving 6 years of a great economy and a record stock market. Obama is looking more like a 2nd Carter term
Oh, please. This recession started way before Obama came into office. He's just inherited the mess.
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Old 02-27-2009, 10:45 PM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,455,493 times
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Quote:
Originally Posted by downtownnola View Post
Oh, please. This recession started way before Obama came into office. He's just inherited the mess.
Obama is making the mess 10 times worse!
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Old 02-27-2009, 10:47 PM
 
Location: Los Angeles, Ca
2,884 posts, read 5,044,357 times
Reputation: 2725
A few books that changed my thinking on stocks...

-Money Game, written about the market of the 60's. A good book to deprogram yourself from todays 24/7 media stock cheerleading. Notice all the hot companies in the book (hot sectors like bowling, airlines, etc). Xerox, Polaroid, those were the mighty giants.

Will make you think twice about blue chip investing. Glad I didnt buy dell, microsoft, cisco.

-Anything by Jim Rogers (Investment Biker). He gives the big picture. Points out obvious truths, like...."the idea that central bankers are gods who can weave magic has only happened in the last 10 years". The DOW bubble was just a little spec of history.

I have zero investments in the S&P or Dow. Don't expect much for the next 5-10 years.

I think everyone that bought after the greenspan bubble years of 94/95/96, will be flat for 15 or 20 years, and sell in disgust at the end. Similar to other investor patterns from the 20's to 40's/50's....60's to early 80's. Japan, 80's to now.
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Old 02-28-2009, 01:23 AM
 
270 posts, read 512,778 times
Reputation: 76
Quote:
Originally Posted by censusdata View Post
When the Democrats took over the US House/ Senate the Dow was above 12,000. Today it's barely above 7,100.

I think Bush is looking better every day for giving 6 years of a great economy and a record stock market. Obama is looking more like a 2nd Carter term

wow you must be a fox viewer,LMAO
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Old 02-28-2009, 09:55 AM
 
Location: Socialist Republik of Amerika
6,212 posts, read 11,460,785 times
Reputation: 1101
Quote:
Originally Posted by lostbuyer View Post
wow you must be a fox viewer,LMAO
You obviously are not. Maybe if you watched a balanced broadcast you'd have something to say other than abusing someone.

Fox news is kicking the teeth out of any competitor, come out of the dark ages of NBC, CBS, ABC and MSNBC.
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Old 02-28-2009, 11:14 AM
 
3,778 posts, read 7,234,679 times
Reputation: 4906
Quote:
Originally Posted by downtownnola View Post
Oh, please. This recession started way before Obama came into office. He's just inherited the mess.
Thanks for this response. It's amazing how easily rumors and myths get started. It's just sour people who can't get over having a Black for President posting nonsense. I am no fan of Obama, but blaming him for the stock market decline is laughable at best.

The DOW began its decline from 14,000 long before Obama took office. Has anyone forgotten that? Anybody who actually trades stocks would understand the progression of a market cycle.

Unfortunately, here we are dealing with internet armchair experts who probably have never traded stocks before.
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