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210, 2,100 or 21,000 - who cares. Pay attention to what your companies are doing, not what the market is doing. Buy quality stocks at the right prices, keep up with the happenings at your companies, reinvest your dividends, and over the long term, you'll do just fine.
210, 2,100 or 21,000 - who cares. Pay attention to what your companies are doing, not what the market is doing. Buy quality stocks at the right prices, keep up with the happenings at your companies, reinvest your dividends, and over the long term, you'll do just fine.
Yes, but in the stock market, a rising tide lifts most of the boats. About 75% of individual stocks rise and fall with the broader market. So, it's definitely beneficial for it to keep uptrending.
The S&P 500 is currently in the 1640s, somewhat down the past couple of days. However, the long-term prospects for the stock market are looking bullish according to Goldman Sachs because of improvements in the outlook for the economy, private investments and other factors.
Maybe, but if they are really right they would be in the top 100 richest people in the world from market moves and not making money selling their "predictions" of the future economy.
What gets me is everyone who thinks they know the future is not rich by predicting the future. The few that are wealthy are by selling their ideas to gullible people.
For fun, I've kept a collection of contrarian Business Week Cover stories as .jpg files. From the middle 90's to now.
This is what happens if you pay attention to "conventional thinking", or give it any kind of credence.
-The "New Business Cycle". March 31st, 1997.
-The "Boom" (in green dollar sign letters). Feb 14th, 2000 (correlates nicely to the Nasdaq top).
-The "Tech Slump", Dec 2000.
-The "New Economics of Oil", Nov 3rd, 1997. Very bearish outlook on oil, right at the bottom! Oil was $20 a barrel. Before a 13 year commodity super cycle, hmmmmm.
If the experts were as smart as they think they are....they'd have all the money in the world by now many times over.
Most people on here (and many "experts" thought equities would go down if Obama was reelected....)
Many people don't like to admit it, but they were wrong, wrong, wrong.....
That's why I don't really put faith in forecasters, or people who try to make predictions....
If someone can consistently predicts the future, he will be the richest in the world within a couple of years,lol.
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