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I dumped all my stock in 2000 and have no regrets. There are other more lucrative investments that don't hold near the loss... It's pump and dump alright. Always has been. It's just a question are you doing the dumping or are you being dumped on?
DollarTimes.com | Inflation Calculator
$1 (2013) versus before
$1.00 in 2013 had the same buying power as $0.94 in 2010.
$1.00 in 2013 had the same buying power as $0.73 in 2000.
$1.00 in 2013 had the same buying power as $0.65 in 1995.
$1.00 in 2013 had the same buying power as $0.55 in 1990.
$1.00 in 2013 had the same buying power as $0.46 in 1985.
$1.00 in 2013 had the same buying power as $0.33 in 1980.
$1.00 in 2013 had the same buying power as $0.16 in 1970.
$1.00 in 2013 had the same buying power as $0.13 in 1960.
$1.00 in 2013 had the same buying power as $0.10 in 1950.
....
May 3, 2013, DOW hits 15000 - the equivalent of DOW hitting 1500 in 1950 dollar bills.
(No par value)
DollarTimes.com | Inflation Calculator
$1 (2013) versus before
$1.00 in 2013 had the same buying power as $0.94 in 2010.
$1.00 in 2013 had the same buying power as $0.73 in 2000.
$1.00 in 2013 had the same buying power as $0.65 in 1995.
$1.00 in 2013 had the same buying power as $0.55 in 1990.
$1.00 in 2013 had the same buying power as $0.46 in 1985.
$1.00 in 2013 had the same buying power as $0.33 in 1980.
$1.00 in 2013 had the same buying power as $0.16 in 1970.
$1.00 in 2013 had the same buying power as $0.13 in 1960.
$1.00 in 2013 had the same buying power as $0.10 in 1950.
....
May 3, 2013, DOW hits 15000 - the equivalent of DOW hitting 1500 in 1950 dollar bills.
(No par value)
Truthfully, I think we are in a big bubble. The rest of the world is economically on the brink of disaster and we are closer then you know to what is going on in Argentina, Spain, Greece and Europe in general. I certainly wouldn't be buying stocks these days.
It's all fake money pumped in by the Feds.., in reality 9.5 million people quit looking for work or got out of the workforce and the rich are being made filthy rich by Dear Leader. The moonbats will get pissed sooner or later but later won't come until they start loosing all the freebies.
DollarTimes.com | Inflation Calculator
$1 (2013) versus before
$1.00 in 2013 had the same buying power as $0.94 in 2010.
$1.00 in 2013 had the same buying power as $0.73 in 2000.
$1.00 in 2013 had the same buying power as $0.65 in 1995.
$1.00 in 2013 had the same buying power as $0.55 in 1990.
$1.00 in 2013 had the same buying power as $0.46 in 1985.
$1.00 in 2013 had the same buying power as $0.33 in 1980.
$1.00 in 2013 had the same buying power as $0.16 in 1970.
$1.00 in 2013 had the same buying power as $0.13 in 1960.
$1.00 in 2013 had the same buying power as $0.10 in 1950.
....
May 3, 2013, DOW hits 15000 - the equivalent of DOW hitting 1500 in 1950 dollar bills.
(No par value)
The above may be true ... but remember people are being paid more at their jobs than they were in 1950, so it's all relative.
For example, a service person (plumber, electrician, whatever?) earning $10 per hour in 1950 now earns $100 per hour in 2013. (note my 1950 labor rate is just a guess for illustration purposes)
So if an item cost $10 in 1950, and $100 in 2013, it would still take that service person the same one hour to earn enough to pay for it.
Here's a chart showing how minimum wage has increased between 1955 and today:
So to say the Dow is at 1500 in 1950 dollars ... a person had to work 10 times longer to earn a single dollar in 1950 than they do for a single dollar in 2013.
According to this chart, the Dow was trading at approximately $175 in 1950, while it trades at 15,000 today.
Actually loaf of bread was $2.49 in 2010, and it is $1.89 this year. It is cheaper today.
Milk $2.79 in 2010 and $2.79 today
Sugar (5lb) $3.12 in 2010 and $2.42 today
Grapes $2.97 in 2010 and $1.98 today
I did not find pork chop price. The only thing on your list which has gone up is ground beef.
Not where I live. Grapes would go on sale once in a while at 99 cents a lb.. now it is 1.98 and never on sale.
Milk is $3.69.. even in cheap Walmart the food is up.. Eggs were 1.58 now , 1.88 and rising. Hard to find sales today because when gas goes up the cost of trucking the food goes up and the products have to go up to cover the shipping cost. And that is basic..I don't buy sugar so I wouldn't know what the price is.
All I know is meat is outrageously priced today. Bread is 2.50 and up.
I dumped all my stock in 2000 and have no regrets. There are other more lucrative investments that don't hold near the loss... It's pump and dump alright. Always has been. It's just a question are you doing the dumping or are you being dumped on?
I got out too. Too much of a risk.. the wealthy are well connected with selling at the right time .. the average person in the stock market are usually the biggest losers. Stock market crash is not an obsolete phrase.
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