Originally posted by Roscoe
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Dow Jones at an all time high
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At its peak? No way! I do however, practice freelance dentistry and remove gold teeth.
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And that is where faith in the system comes from. I can tell you that I hold more physical assets than I have in a long time partially because the DOW is so high.Originally posted by CJ View PostIt's not about what the economy is going to do, it's about what you THINK other people's opinion of the economy is going to do.
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It's always brightest before the fucking darkness sneaks up and kicks you in the balls.....or some shits.
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Kind of like people partying the hardest right before they go bankrupt.Originally posted by CJ View PostIt's important to realize that the stock market is not a determinant of the economy's health. The stock market is essentially individuals and businesses confidence in the economy on a short term. It's highly volatile right now, which is why you see huge swings from day to day. If you think the economy isn't going to implode wednesday than you buy tuesday, it doesn't mean it's healthy. The stock market crash of 1929 took place in 6 days, and was preceeded by high volatility (like we have now) and congressional legislation was the blamed for the instability (exactly like we have now). So, just keep that in mind - if the stock market were to crash next week, what we're seeing right now is exactly what happened in 1929, just before the biggest stock market crash in history. I'm not saying that is going to happen, I'm just pointing out the absurdity of using the stock market as a determinant of the economy as a whole. The debt this country has is far more important to judge economic solvency.
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It's important to realize that the stock market is not a determinant of the economy's health. The stock market is essentially individuals and businesses confidence in the economy on a short term. It's highly volatile right now, which is why you see huge swings from day to day. If you think the economy isn't going to implode wednesday than you buy tuesday, it doesn't mean it's healthy. The stock market crash of 1929 took place in 6 days, and was preceeded by high volatility (like we have now) and congressional legislation was the blamed for the instability (exactly like we have now). So, just keep that in mind - if the stock market were to crash next week, what we're seeing right now is exactly what happened in 1929, just before the biggest stock market crash in history. I'm not saying that is going to happen, I'm just pointing out the absurdity of using the stock market as a determinant of the economy as a whole. The debt this country has is far more important to judge economic solvency.
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But the Dow Jones is at a high! So that means everything is good! LolOriginally posted by Roscoe View PostThat's my point.
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