Announcement

Collapse
No announcement yet.

Dow Jones at an all time high

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Sean88gt
    replied
    Originally posted by Roscoe View Post
    Buy gold!
    At its peak? No way! I do however, practice freelance dentistry and remove gold teeth.

    Leave a comment:


  • Roscoe
    replied
    Originally posted by Sean88gt View Post
    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.
    Buy gold!

    Leave a comment:


  • Sean88gt
    replied
    Originally posted by CJ View Post
    It'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.
    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.

    Leave a comment:


  • Baba Ganoush
    replied
    It's always brightest before the fucking darkness sneaks up and kicks you in the balls.....or some shits.

    Leave a comment:


  • CJ
    replied
    Originally posted by Sean88gt View Post
    Kind of like people partying the hardest right before they go bankrupt.
    It'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.

    Leave a comment:


  • DON SVO
    replied
    Originally posted by naynay View Post
    i simply asked everyones thoughts, i dunno why all the personal attacks?!
    because you troll worse than a drunken wing man @ 2am in a club full of fat chicks.

    Leave a comment:


  • Sean88gt
    replied
    Originally posted by CJ View Post
    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.
    Kind of like people partying the hardest right before they go bankrupt.

    Leave a comment:


  • CJ
    replied
    Originally posted by naynay View Post
    i simply asked everyones thoughts, i dunno why all the personal attacks?!
    I'm not attacking you, I'm just giving you an explanation for how the stock market is not the best way to gauge an economy.

    Leave a comment:


  • naynay
    replied
    Originally posted by CJ View Post
    ^^ read that, you might learn something.
    i simply asked everyones thoughts, i dunno why all the personal attacks?!

    Leave a comment:


  • Cooter
    replied
    ain't naybody got time fo' dat!

    Leave a comment:


  • CJ
    replied
    Originally posted by naynay View Post
    the heat is on!
    ^^ read that, you might learn something.

    Leave a comment:


  • naynay
    replied
    the heat is on!

    Leave a comment:


  • CJ
    replied
    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.

    Leave a comment:


  • Roscoe
    replied
    Originally posted by Broncojohnny View Post
    But the Dow Jones is at a high! So that means everything is good! Lol
    12.22% return so far today, so I'm happy...

    Leave a comment:


  • Broncojohnny
    replied
    Originally posted by Roscoe View Post
    That's my point.
    But the Dow Jones is at a high! So that means everything is good! Lol

    Leave a comment:

Working...
X