Next stop: Dow 30,000?????? (speech, states, 2013, percent)
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Nah, not crack, crack does not make you hallucinate.
These guys are trippin, they are doing some serious acid.
Mushrooms I'd say but I don't know from first hand. But... The fed has printed A LOT of money. If that money starts moving then the Dow could hit 30,000. But...
I don't hate stocks at all. FAZ has been making me money hand over fist.
How's that ratio going for you so far?
Aren't you worried that we are on the cusp of the end of the world because of the Europe implosion, and gold can't get back up to its recent highs? Treasuries hit a 60 year low yield, and gold can only go up a buck or two? Gold jumped the shark. Might be all down hill from here.
And the bet is European style, remember? Volatility between now and the expiration date doesn't bother me a bit--nor does volatility in the stock market. The price of stability has never been higher; perhaps the rewards for enduring volatility will also be high.
I think "gold as a store of value" will lose some allure when it hits $1200/oz on the way lower.
Summers, you are shrewd. You win on a drop from 6.41 to 5, but I don't win on a rise from 6.4 to 9? You are stacking the deck.
If the ratio is below 6.41 on 8/31/2012, you win. If the ratio is above 6.41 on 8/31/2012, I win. If you want to call the range of 5.91 to 6.91 a draw, that is fine with me.
If the loser misses by more than two full points, the unconditional apology post must include the phrase "You truly are a genius, and I am a fool."
In or out?
Hmmmm....the Dow is at 11110 and gold is at 1601.90. Looks like the Dow/Gold ratio is....6.93. Looks like I am winning.
Hmmmm....the Dow is at 11110 and gold is at 1601.90. Looks like the Dow/Gold ratio is....6.93. Looks like I am winning.
Margin requirement hikes have a temporary effect on prices of gold and silver. Short of making it illegal to own, they will resume their movement upward. In fact, making gold illegal is the best way to have it worth 10x it's current value. Anywho, once the Greece deal falls apart or some more riots occur there or elsewhere, we'll see what happens to the Dow.
Summers, you are shrewd. You win on a drop from 6.41 to 5, but I don't win on a rise from 6.4 to 9? You are stacking the deck.
If the ratio is below 6.41 on 8/31/2012, you win. If the ratio is above 6.41 on 8/31/2012, I win. If you want to call the range of 5.91 to 6.91 a draw, that is fine with me.
If the loser misses by more than two full points, the unconditional apology post must include the phrase "You truly are a genius, and I am a fool."
In or out?
SO back in August, we bet on the Dow/Gold ratio for 8/31/2012, then 6.41. I said it would go up, i.e., the Dow would do better than gold.
11900 Dow divided by $1574 gold equals = 7.56 today...hmmmm.
Summers, you are shrewd. You win on a drop from 6.41 to 5, but I don't win on a rise from 6.4 to 9? You are stacking the deck.
If the ratio is below 6.41 on 8/31/2012, you win. If the ratio is above 6.41 on 8/31/2012, I win. If you want to call the range of 5.91 to 6.91 a draw, that is fine with me.
If the loser misses by more than two full points, the unconditional apology post must include the phrase "You truly are a genius, and I am a fool."
In or out?
Summers, are you out there? Looks like the Dow/gold ratio is at 7.87; I'm in the money with four days to go. Will be looking for your apology post. More importantly, I've made a boatload of money since 8/31/2011. Hope you haven't hurt yourself too badly.
Right now: 11,710 Dow, $1825 Gold, per CNBC. Dow/Gold ratio is 6.41.
On 8/31/2012, I bet the ratio is higher.
On 8/31/2021, in a decade, I think it will be somewhere between 15 and 25.
I had the real estate bubble pegged in real time, wasn't buying homebuilders or mortgage companies or REITS. But that was a great example of a classic bubble, much like gold is today.
... tick tock ... tick tock.... one year later:
Quote:
Originally Posted by marcopolo
Summers, are you out there? Looks like the Dow/gold ratio is at 7.87; I'm in the money with four days to go. Will be looking for your apology post. More importantly, I've made a boatload of money since 8/31/2011. Hope you haven't hurt yourself too badly.
Well I guess this is officially settled... your move summers73.
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