Thank-you, I know where and how to get stamps. In point of fact we have Pitney-Bowes.
All of which is totally irrelevant to the issue of the stand-alone stamp machines. It's difficult to believe that you didn't understand the point being made, but oh well.
DJIA now up over 200 on the day, thanks to...VISA!
I suppose, agip, you won't be too happy about that, seeing as how Visa dominates the bogus DJIA.
lol, good gain today. I could have made more than I did by holding out a few more days, but my key is that I'm not greedy. I know how much I need to make, and if I make it, I'm out. Good for others, though, who have different strategies.
I'm coming to believe that the coming US elections won't have any lasting effect on the markets one way or another, unless the Republicans win everything and the Tea Party somehow takes over. I think it was a good move to end QE, and that a new one should not be instituted, and that the markets should use current conditions as their new baseline, new assumptions on which to proceed.
With that said, I now have to consider getting back in, big-time. I now find myself asking whether the markets will hit 19k+ by the end of the calendar year. I'm not kidding.
I comment all the time about equities being overpriced and companies overvalued, but I will tell you, the world sucks, and the USA is looking decent in comparison. I have always said on this board that prices and values are all relative, and other places are having real trouble. Even though the US consumer is no great shakes, he/she is still better than anywhere else, except for the well-to-do in Asia. Many third-world/emerging economy initiatives from past years (at least ones I've heard about) really put themselves out there, unsustainably, and counted on continuing capital inflows. Now that that is in jeopardy, some are having very real problems. Add to that the huge black markets of Asia and the middle east, an overburdened Europe, and a fragmented and corrupt south america, and you are left with north america.
It reminds me of the run-up in prices in collector markets, for instance art, jewelry, cars, furniture, couture--there have been some insane increases in valuation, and the good stuff is now very expensive, and deals are incredibly few and far between...and fakes are everywhere. This same type of thing might happen with equities--there will be runs on the good ones, and people who have them, will tend to hold onto them, and the prices won't come down. For the good ones, that is.
Yes, I could now see the DJIA topping 18k by the end of the year, and reaching 19k in not too long, because these price increases don't take that long to happen, especially when buying is easy, and the supply is there.
I know this is far from a perfect analogy, but the near-universality of market participation at this point, combined with the sorting of equities by "quality", might set up the same basic dynamic as with collectibles. Not exactly, of course, because there are new issues, stock splits, and alternative investments having different characteristics.
Bottom line for me: what will be the next sustained high-water mark for equities, and where will they likely be by year-end?