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It will continue to slide until the November elections. After that, it won't be all roses, but a lot of the fear will go away.
Agree with that 100%. Once the Democrats lose their majority, we should see it start to slowly claw it's way back. Now is the time to buy big blue chips while they're on sale!
Last edited by treasurekidd; 08-25-2010 at 04:54 PM..
Obama, please resign NOW. Just go away. The sooner you go away the sooner the economy will begin to improve.
It finished above 10,000.
The performance of the Dow has very little to do with Obama, the democrats, republicans, tea parties or politics in general. It is all about the economy and, for those of us old enough to remember, we have been here before. The Dow is trading in a range from around 9800 - 10600 and it is probably going to stay there for the next few months until a more definitive direction for the global economy becomes clear. My own guess is that we will see a gradual recovery which will gather pace over time. I don't expect the Dow or other indices to show major movement upwards (i.e. 12000+) before 2012 or 2013.
My own strategy in this market is to play with covered calls. I got called out of one and had four others expire last Friday. I made a profit on the one I got called out of and have already rewritten three of the other four. That means hard cash coming in and the strike prices are positioned that I cannot make a loss if the market moves up and I do get called out. However, because the market is trading in a a range, there is relatively little risk of getting called out which means I get to rewrite again and again.
The performance of the Dow has very little to do with ... politics in general. It is all about the economy and, for those of us old enough to remember, we have been here before. The Dow is trading in a range from around 9800 - 10600 and it is probably going to stay there for the next few months until a more definitive direction for the global economy becomes clear. My own guess is that we will see a gradual recovery which will gather pace over time. I don't expect the Dow or other indices to show major movement upwards (i.e. 12000+) before 2012 or 2013.
If I recall correctly, after dot.bomb the Dow hovered around 10,000 from around mid-2003 to mid-2005.
However, before dot.bomb, the economy had made real gains in terms of information systems and telecommunications technology. This time around, the real estate bubble added little to real economic value, it may have even subtracted value from the US economy, so the stagnation could last for a decade as the global economy now faces the energy constraint, among other impediments.
At any rate, diversification is the key, across jurisdictions, asset classes, currencies.
Meantime $$ will go into the Bond Market like in the Depression of the 1930's.
Obama's resignation will be demanded for unless something else happens.
The asteroid will be here in 2012 so not much more time to suffer anyway.
No wonder Obama has all his money in treasuries...
I bet most people didn't know that.
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