la gente está muy loca wrote:
I believe that in a thread like this, consistency is what is important. Since it started DJIA, it should continue DJIA, and the index under discussion shouldn't be cherry-picked for convenience. A couple of days ago when the SP500 went down more than the DJIA, I didn't switch for convenience.
Whoops! ( accidently hit the post button prematurely). I believe this thread isn't about the Dow per se, but more about the issue of market timing. Klondike5 attributed his withdrawal from the equity market to his alleged superior intuition ( or insight? ) He claims to have avoided most of the drawdowns of 2000-02 and 2008. ( personally it would not shock me to find that the celebrated Mr K was only in HS in 2000-02 and held no equity positions whatsoever ). Others, such as Flagpole advocate buy and hold, or, in opposition to Flagpole, some believe in market timing ( trend following ) using e.g MACD, RSI or other technicals ( coach d, fisky? ); 200 SMA per Meb Faber ( agip ); and the Shiller PE. K5 has not only claimed to avoid the abyss; but he knew when the all clear signal was given in 2003 and 2009. When I asked on two separate occasions what happened in 2011, the SP 500 down 20%; the Dow 17%, he gave no answer.
So this thread IMHO is more than whether the DJIA or SP500 goes up or down, but rather how one positions her(him)self in all markets to best achieve their financial goals. ( excluding all the dissing and trolling )