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This is an article from a local publication where they are saying the DOW will hit 30,000 by the end of the year inflating a massive bubble that may or may not pop.
Are these people on crack? Has the DOW ever went up by almost 300% in less than 6 months time?
This is an article from a local publication where they are saying the DOW will hit 30,000 by the end of the year inflating a massive bubble that may or may not pop.
Are these people on crack? Has the DOW ever went up by almost 300% in less than 6 months time?
Makes sense - if the "dollar bill" drops in value by 300%.
Speculators can only "make money" by selling worthless paper back and forth, while the sheeple try to get in on the game.
Speaking of which, the DOW has been on the way back up. Where did all the Obama haters go all of a sudden? When the DOW is down it's the end of America and all Obama's fault. When it goes up then they all run for cover and wait for the next dip.
Speaking of which, the DOW has been on the way back up. Where did all the Obama haters go all of a sudden? When the DOW is down it's the end of America and all Obama's fault. When it goes up then they all run for cover and wait for the next dip.
That's just plain stupid...are you suggesting that the DOW is even going to jump that high... more idiot liberal logic... and to the OP, anyone can say anything... I could say the DOW is going to jump 100k... so take everything with a LARGE grain of salt when someone is talking absurdities like the poster with Obama rhetoric...
The stock market is extremely overvalued. It's ridiculous. It keeps going up and up and the economy hasn't even improved.
First of all, corporate earnings are doing pretty well and that is more important to the markets than the overall state of the economy. Second, you can get a better return from the S&P than you can from Treasury bills. So, obviously, smart money will go into stocks and that is supporting the market as well.
So gold would have to be at 15,000 or 30,000/oz for this to happen.
Hate to tell you, but the concept of a Gold/Dow ratio makes no sense for one reason: the "Dow" has ten times the earnings that it did twenty or twenty-five years ago, but an ounce of gold then is still just an ounce of gold now. One who buys gold for the long haul is like the biblical servant that merely held the gold talent instead of investing it...at the end, the gold talent was still just a gold talent.
I'm just sayin'.
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