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blahhhhhh
RE: Dow to close 2011 at 13,000 or above 2/27/2012 12:28PM - in reply to oieruowieur Reply | Return to Index | Report Post
More bad news for the GOP? I think they were hoping rising gas prices would slow economic recovery. I don't know - does the dow accurately reflect consumer spending?
What the heck
RE: Dow to close 2011 at 13,000 or above 2/27/2012 12:40PM - in reply to blahhhhhh Reply | Return to Index | Report Post
blahhhhhh wrote:
... I don't know - does the dow accurately reflect consumer spending?


I hope that was not a serious question.
Flagpole
RE: Dow to close 2011 at 13,000 or above 2/27/2012 1:50PM - in reply to Here is the unfortunate truth Reply | Return to Index | Report Post
Guess the truth makes you laugh then brother. Seems odd, but hey, to each his own!

Here is the unfortunate truth wrote:

[quote]Flagpole wrote:

[quote]Here is the unfortunate truth wrote:

Look dude, there is apparently a sizable fraction of the letsrun community that, for financial advice, looks to someone who does not understand how to calculate a rate of return, believes in the mystical advantage of dollar cost averaging, repeatedly makes predictions that do not come true, is unable to admit his errors, and has been caught in a bald faced lie about his own investment returns. Oh yeah, he also believes in Bigfoot.


1) Can I calculate a return? YES.

2) Believes in dollar cost averaging? Not necessarily. I invest that way because it limits RISK, not that it potentially gives you better returns.

3) Unable to admit errors? I do that all the time here. Just for starters, the last two years I made end-of-year calls on where the Dow would be and I missed it both times and fully admitted I had it wrong, EVEN when some last year wanted to say I was right just because I was off by only 16 trading days...I maintained that I was wrong.

4) Been caught in a bald faced lie about my own investment returns? Um...nope. Sorry brother...just because you think I couldn't have gained what I did doesn't mean I didn't.

5) Believes in Bigfoot? The short answer to that is NO. Am I open-minded enough to consider it's a possibility when scientists discover new even large animals all the time and as early as the early 1900s the Giant Panda was thought to be a myth? Yep. I will NOT believe it though until I see it.

Try again brother.[/quote]

Hey, thanks for the laughs.[/quote]
Steve Martin
RE: Dow to close 2011 at 13,000 or above 2/28/2012 8:24AM - in reply to Flagpole Reply | Return to Index | Report Post
Flagpole wrote:

[quote]Steve Martin wrote:

If unemployment does not improve dramatically, that will be

only 4 years
only 4 years
only 4 years
only 4 years


I hate to tell you this (really I do, because I don't like to see people get disappointed), but for your own good, you should just accept now that Obama is going to win a second term; I accepted ahead of time that Bush would win a second term. News out just today that the GOP is so desperate they are looking for another candidate to enter the race. Polls show that Obama would beat either Santorum or Romney if the race were to be held today; by November it will be an even bigger margin.[/quote]

Oh, I agree. However, the election is not today.
Flagpole
RE: Dow to close 2011 at 13,000 or above 2/28/2012 8:31AM - in reply to Steve Martin Reply | Return to Index | Report Post
A major scandal involving Obama would have to happen between now and November for a GOP candidate to win the White House. You should place your hopes and dreams on elections down the road.

Steve Martin wrote:

[quote]Flagpole wrote:

[quote]Steve Martin wrote:

If unemployment does not improve dramatically, that will be

only 4 years
only 4 years
only 4 years
only 4 years


I hate to tell you this (really I do, because I don't like to see people get disappointed), but for your own good, you should just accept now that Obama is going to win a second term; I accepted ahead of time that Bush would win a second term. News out just today that the GOP is so desperate they are looking for another candidate to enter the race. Polls show that Obama would beat either Santorum or Romney if the race were to be held today; by November it will be an even bigger margin.[/quote]

Oh, I agree. However, the election is not today.[/quote]
X-Runner
RE: Dow to close 2011 at 13,000 or above 2/28/2012 3:36PM - in reply to Flagpole Reply | Return to Index | Report Post
Dow finally closes the day above 13,000 for first time since May 2008.

14,200 for an all time high this year?
Magic 8 Ball
RE: Dow to close 2011 at 13,000 or above 2/28/2012 3:46PM - in reply to Flagpole Reply | Return to Index | Report Post
Flagpole wrote:

We'd have to have $5 gas that stayed there in places like the midwest for that to be even close to the case - $5 gas in California though? Nah. I can't discount the stupidity of some voters, and if they think that gas prices would soon go down with Romney or Santorum at the helm, then they've got another thing coming.


Gas could hit $10 in California and it wouldn't matter. Obama only campaigns here to get more money from Hollywood's 1%. California always elects a Dem.

Santorum? Who are you kidding. GOP establishment would rather put a gun to Jeb Bush and make him run than have Santorum.
Flagpole
RE: Dow to close 2011 at 13,000 or above 2/29/2012 9:57AM - in reply to X-Runner Reply | Return to Index | Report Post
X-Runner wrote:

Dow finally closes the day above 13,000 for first time since May 2008.

14,200 for an all time high this year?


That would surprise me. People are still being pretty cautious with 2012, and Bernanke just said 2012 would be a rough year (causing the market to drop).

At some point, a BIG uptick will happen when ti is declared that a good economy has finally arrived, but I don't think that's in 2012. Would be cool if it were though.
Sagarin
RE: Dow to close 2011 at 13,000 or above 2/29/2012 10:06AM - in reply to Flagpole Reply | Return to Index | Report Post
Bernanke mastering the obvious yet again.
Sagarin
RE: Dow to close 2011 at 13,000 or above 2/29/2012 10:09AM - in reply to Sagarin Reply | Return to Index | Report Post
Bernanke is a lagging indicator. Still, the market is not the economy. The market has risen in lockstep with the Fed's and global printing presses.
Njiuyhu
RE: Dow to close 2011 at 13,000 or above 3/13/2012 11:20AM - in reply to Flagpole Reply | Return to Index | Report Post
Well over 13k today! Four more years!
Flagpole Fan
RE: Dow to close 2011 at 13,000 or above 3/13/2012 8:07PM - in reply to Njiuyhu Reply | Return to Index | Report Post
13,177

Booyeah!
Mr. Money Baggs
RE: Dow to close 2011 at 13,000 or above 7/27/2012 11:28AM - in reply to Flagpole Fan Reply | Return to Index | Report Post
Its been awhile, but we're back!
X-Runner
RE: Dow to close 2011 at 13,000 or above 7/27/2012 11:34AM - in reply to Mr. Money Baggs Reply | Return to Index | Report Post
People are making all kinds of money selling at 13,000 and then buying back in the mid to low 12's and then selling again at 13.

It's amazing how much money you could make doing nothing and gaining nothing.
clownquestionbro
RE: Dow to close 2011 at 13,000 or above 7/27/2012 11:36AM - in reply to Mr. Money Baggs Reply | Return to Index | Report Post
GE approaching a 52 week high. Getting chummy with Obama pays off.
Mr. Money Baggs
RE: Dow to close 2011 at 13,000 or above 7/27/2012 11:48AM - in reply to clownquestionbro Reply | Return to Index | Report Post
clownquestionbro wrote:

GE approaching a 52 week high. Getting chummy with Obama pays off.


I bought GE at about $16.60. Currently it's up nearly 25%. I just knew it would come back. It's too good of a company.
Flagpole
RE: Dow to close 2011 at 13,000 or above 7/27/2012 1:21PM - in reply to X-Runner Reply | Return to Index | Report Post
X-Runner wrote:

People are making all kinds of money selling at 13,000 and then buying back in the mid to low 12's and then selling again at 13.

It's amazing how much money you could make doing nothing and gaining nothing.


The problem with that is that you never know when the Dow just won't drop again, so if you sell at 13,000 and then it goes to 14,000, you're a bit stuck.

Consider this...you buy all along the way from 14,100 all the way down to 6,400 and then back to 14,100. That's what I have done. By the time the Dow hits 14,100 again, that means that not only was EVERY SINGLE purchase of mine at cheaper than the current price, but I got dividends in there too. When the Dow does hit 14,100 again, the news will declare that people are now just breaking even from October 2007, but that is SOOOOOO far from the truth. Even if you didn't put in a dime from October 2007 to whenever it is again that the Dow hits 14,100, if you had dividends in there, you will have made money.
Magic 8 Ball
RE: Dow to close 2011 at 13,000 or above 7/27/2012 1:27PM - in reply to Flagpole Reply | Return to Index | Report Post
Flagpole wrote:
The problem with that is that you never know when the Dow just won't drop again, so if you sell at 13,000 and then it goes to 14,000, you're a bit stuck.

Consider this...you buy all along the way from 14,100 all the way down to 6,400 and then back to 14,100. That's what I have done. By the time the Dow hits 14,100 again, that means that not only was EVERY SINGLE purchase of mine at cheaper than the current price, but I got dividends in there too. When the Dow does hit 14,100 again, the news will declare that people are now just breaking even from October 2007, but that is SOOOOOO far from the truth. Even if you didn't put in a dime from October 2007 to whenever it is again that the Dow hits 14,100, if you had dividends in there, you will have made money.


You assume everyone has a divested portfolio of dividend paying stocks. The people the news speaks of are 401(k) investors who typically invest in mutual funds. Those dividend payouts are typically very paltry, and can easily be eaten up by brokerage fees.
bangalangadanga
RE: Dow to close 2011 at 13,000 or above 7/27/2012 1:30PM - in reply to Flagpole Reply | Return to Index | Report Post
Flagpole. y u no post in other threads. haven't heard from ya in a while!
Flagpole
RE: Dow to close 2011 at 13,000 or above 7/27/2012 2:08PM - in reply to Magic 8 Ball Reply | Return to Index | Report Post
Magic 8 Ball wrote:

[quote]Flagpole wrote:
The problem with that is that you never know when the Dow just won't drop again, so if you sell at 13,000 and then it goes to 14,000, you're a bit stuck.

Consider this...you buy all along the way from 14,100 all the way down to 6,400 and then back to 14,100. That's what I have done. By the time the Dow hits 14,100 again, that means that not only was EVERY SINGLE purchase of mine at cheaper than the current price, but I got dividends in there too. When the Dow does hit 14,100 again, the news will declare that people are now just breaking even from October 2007, but that is SOOOOOO far from the truth. Even if you didn't put in a dime from October 2007 to whenever it is again that the Dow hits 14,100, if you had dividends in there, you will have made money.


You assume everyone has a divested portfolio of dividend paying stocks. The people the news speaks of are 401(k) investors who typically invest in mutual funds. Those dividend payouts are typically very paltry, and can easily be eaten up by brokerage fees.[/quote]

1) People SHOULD be well diversified with their investments, and that should include dividend-giving stocks (within mutual funds).

2) You are incorrect in your painting of mutual funds. ALL of my stuff is in mutual funds, and if you go with the low fees of Vanguard (most of my stuff is with Vanguard), then you will do well with the dividend payout of those stocks in those mutual funds.
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