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Yeah, if it makes 6% it would only get to 94,000 on the Dow.
Here's my rule of thumb (don't take it too seriously): we had major corrections at Dow 1,000 (70s), Dow 10,000 (2000s) and the next major correction will be around Dow 100,000 (2040s?).
the market gods always have a way of leveling things out.
think about this ,while the last 30 years were excellent the problem is the time frame leading up to those great years in the early 1980's was one of the worst in history.
20 years of stagnant markets and then boom , hit with double digit inflation.
not only was it hard to accumulate money but even if you did it went no where things were so bad.
so here comes the great markets of the 1980's and few except the wealthy had much savings to benefit from.
so you had great gains on little money.
if you did accumulate a nice nest egg in the 80's that money hit a wall in 2000 and in real return iis barely ahead of where you were 14 years ago.
the market gods must have some laughing party at our expense.
mathjak, isn't that why you and I find it so entrancing? Like a mosaic with a thousand pieces, each one changing every minute. And Mr. Market trying to confound the greatest number of people at any given time.
And just to keep it interesting, we use real money.
People are waiting to see if more Ebola cases pop up.
Don't miss the bounce though. Some of the biggest stock gains have occurred in one or two days. If you're selling now, you already missed your chance. The idea is to sell high, buy low. S & P zero gains for the year. Might be a buying op.
People are waiting to see if more Ebola cases pop up.
Don't miss the bounce though. Some of the biggest stock gains have occurred in one or two days. If you're selling now, you already missed your chance. The idea is to sell high, buy low. S & P zero gains for the year. Might be a buying op.
I actually bought five Ebola stocks that I thought might see a flood of buyers if more Ebola cases come out.
NLNK
CMRX
SRPT
INO
BCRX
I've made double digit gains on all of them, but I only bought a "drop in the bucket" amount since these things are so risky. I was too late to buy the hazmat maker that has gone viral.
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