Stock Market

[dr_peeb 10+ year member]

Are you surprised the Dow's been peggin' around 10K lately?

Is it over-priced right now? Is it under-priced right now?

Was it under-priced at its 6,440 low back in March?

Could the economy be recovering?

Are we headed for another huge @ss drop?

Do you give a sh't?

Click to read more...

 

[Ignatowski 5,000+ posts]

the market being up is great......but it's not changing the US economics,

as long as unemployment stays high were fked.....The US as a whole will

never recover as long as people are not spending money and while

the market is up banks are still not lending and wall streeters as well as

people like you and me are just happy to hang on to what they lost last year..

We are in a bad cycle and out govt keep on pulling the wrong strings

if they want a full recovery now they have to help mainstreet,the worlds

largest employer .....They can do that in many ways but so far

they have done SHIT !

 

[Boomintempo 10+ year member]

http://www.google.com/#hl=en&source=hp&q=dollar+to+euro+rate&aq=f&aqi=g10&oq=&fp=25bc3c8069743613

//content.invisioncic.com/y282845/emoticons/crying.gif.ec0ebefe590df0251476573bc49e46d8.gif//content.invisioncic.com/y282845/emoticons/pissed.gif.9f665f96bc89e98e708dabd4580bb591.gif//content.invisioncic.com/y282845/emoticons/rage.gif.0ad8a6e5565b5fddce406566fdd05149.gif

 

[JimJ 5,000+ posts]

Trying to tie the performance of the stock market with the greater economy is mistake #1...

 

[dr_peeb 10+ year member]

Trying to tie the performance of the stock market with the greater economy is mistake #1...

Trying to tie the performance of the stock market to anything is futile.

Interesting to discuss sometimes, but futile.

The news I've heard since the March low would give nobody in their right mind the idea that the Dow would be around 10K right now.

 

[mxer69 10+ year member]

insider hint:if you want to double your money, short BOA right now.

:] not a joke

 

[mxer69 10+ year member]

^^^along with a few others that will be dropping within the upcoming months

 

[JimJ 5,000+ posts]

Trying to tie the performance of the stock market to anything is futile.

Agreed.

I wish I had $3k in "play money" to throw in there right now and see what happens, but trying to use something that's a function of greedy, gullible, and knee-jerk dimwits for something as important as a retirement investment is just plain silly. People shouldn't invest in it without being 100% comfortable of seeing all their "assets" wither away like they were never there.

 

[Boomin_tahoe 5,000+ posts]

Considering the stock market is around 10k doesn't mean all is well. It's not fair to compare that to the economy. Bad loans,(a shitload of them too), greed, and the value of the dollar is what got us where we are in today. Richdad's on the web tells how this day was coming 6 yrs ago or so...I'd like to go to their siminar and find out how they knew but don't wanna pay. I'm no stock market expert but I bet it's gonna drop well below 10k again. Someone needs to talk to an individual and find out what happened and how the US recovered when we got hit by the depression...and what caused it. Hint: must be in their 90's of age or so.

 

[Boomin_tahoe 5,000+ posts]

Agreed.
I wish I had $3k in "play money" to throw in there right now and see what happens, but trying to use something that's a function of greedy, gullible, and knee-jerk dimwits for something as important as a retirement investment is just plain silly. People shouldn't invest in it without being 100% comfortable of seeing all their "assets" wither away like they were never there.

I believe greed is what caused this, and correct me if I'm wrong. Just look at Madoff....he managed to swindle $50M bucks. Why? Greed and just to see how much he could get. There should be a law or something to prevent this from happening again....Obama.

 

[mxer69 10+ year member]

Please don't rely on Richdad to guide your financials... That is a very basic basic basic basic basic approach (should I emphasize that more?) and isn't the most accurate either.

But you are right, yes, the stock market will dip back down below 10k..probably to 8.5k or lower if I might estimate

*people will always be greedy guys.. we can't pass a law to stop that. One of the worst laws just got passed saying that the top 25 executives of companies (that recieved ANY amount of money from gov.) are going to have their salary cut in half. So BLANKING dumb.

 

[dr_peeb 10+ year member]

Considering the stock market is around 10k doesn't mean all is well. It's not fair to compare that to the economy. Bad loans,(a shitload of them too), greed, and the value of the dollar is what got us where we are in today. Richdad's on the web tells how this day was coming 6 yrs ago or so...I'd like to go to their siminar and find out how they knew but don't wanna pay. I'm no stock market expert but I bet it's gonna drop well below 10k again. Someone needs to talk to an individual and find out what happened and how the US recovered when we got hit by the depression...and what caused it. Hint: must be in their 90's of age or so.

Following the advice of anyone claiming they can predict where the markets are going is also futile.

Paying them for it compounds the mistake.

 

[dr_peeb 10+ year member]

Please don't rely on Richdad to guide your financials... That is a very basic basic basic basic basic approach (should I emphasize that more?) and isn't the most accurate either.
But you are right, yes, the stock market will dip back down below 10k..probably to 8.5k or lower if I might estimate

*people will always be greedy guys.. we can't pass a law to stop that. One of the worst laws just got passed saying that the top 25 executives of companies (that recieved ANY amount of money from gov.) are going to have their salary cut in half. So BLANKING dumb.

That's an understatement actually. I read his (Robert Kiyosaki's) Yahoo! Finance articles, and they're cr@p. He predicts this, that and the other, all over the map, then writes another article harping on when he happens to get one right. You can read them here, but I suggest you read but don't act.

If that guy is rich, and he probably is, it's because he's learned very well how to sell advice (whether good or bad), not because he's good at timing markets.

 

[mxer69 10+ year member]

Following the advice of anyone claiming they can predict where the markets are going is also futile.
Paying them for it compounds the mistake.

x2 unless you have inside information.

lol

like I said, kiss BOA's *** goodbye for a while

 

[JimJ 5,000+ posts]

Bringing back Glass-Steagall would not be a bad idea.