View Full Version : Dow 13,000???? - will it hold?
Dow touched 13,000 today. will it hold and close above 13,000??
been a pretty good first 7 weeks of the year.
Irrational exuberance
:leaving:
Stangkiller
02-21-2012, 1:44pm
Nope! With increasing gas prices, Q1 & Q2 will result in lowering expectations for 2012 & 2013, and the market will dive all over again. These unemployment numbers do not give a reasonable picture of our current state of economy, as the current administration would like you to think.
DaveK88
02-21-2012, 2:33pm
Nope! With increasing gas prices, Q1 & Q2 will result in lowering expectations for 2012 & 2013, and the market will dive all over again. These unemployment numbers do not give a reasonable picture of our current state of economy, as the current administration would like you to think.
Oh Man Your a Buzzz Kill :shots: :datawiz:
Stangkiller
02-21-2012, 2:36pm
Oh Man Your a Buzzz Kill :shots: :datawiz:
I work in the construction industry. you think I don't see the market forecasts? These gas prices won't help anything.
(Disclaimer: I refer only to public publications, and nothing specific to my company)
Mirroredshades
02-21-2012, 2:50pm
Irrational exuberance
:leaving:
This.
onedef92
02-21-2012, 2:52pm
Myopic opulence. They gots it (and shit).
Nope! With increasing gas prices, Q1 & Q2 will result in lowering expectations for 2012 & 2013, and the market will dive all over again. These unemployment numbers do not give a reasonable picture of our current state of economy, as the current administration would like you to think.
:iagree: Take your gains and wait for it to crash again and reinvest. That's the only way going forward to truly make money in the market. Sitting on stocks will only get you back to square one...
American Made
02-21-2012, 4:03pm
Eventually, maybe tomorrow. Funny, I always look at the Value Line chart of the Dow from 1920 to 2011 and we have missed their target range of between 15,400-20,600 for 2010-2011 :lol:
CertInsaneC5
02-21-2012, 4:07pm
Nope! With increasing gas prices, Q1 & Q2 will result in lowering expectations for 2012 & 2013, and the market will dive all over again. These unemployment numbers do not give a reasonable picture of our current state of economy, as the current administration would like you to think.
Spot on. :seasix:
The stated figures for inflation are also BS. You can't leave food and fuel out of that percentage. Yet that is just what is done so the numbers are useless. Just go to the store and gas station and compare what you paid last year for the same things. That gives the true picture.
Speculators are going to drive the price of fuel as high as they can. Which drives up the cost of EVERYTHING ELSE. It will only get worse. The excuse of Iran's oil is just a ruse. We do not and have not bought any of it in decades. Europe can do without it, and is for the most part now. So economies like China, India and the Soviet Union will buy it. Freeing up capacity in countries we do buy it from. All this amounts to is a reshuffling of contracts. There is still just as much oil on the market today as last month. But the price will still go up because the speculators are allowed to do it. If prices do go to the levels I have been hearing about this summer. It won't be long before another recession begins.
Olustee bus
02-22-2012, 5:35am
With the gas prices on a steep rise, the inevitable bankruptcy of Greece, I don't see it staying there.
Jeff '79
02-22-2012, 7:36am
As of Thursday's closing prices @ 4:30, my entire 401k will be in money market.I'll take my 14.5% and sit on it for a bit.... My stocks were sold last week.....
I don't think we'll hold this level, for the reasons stated above.
I hope the market cranks today and tomorrow......:D
Jeff '79
03-06-2012, 5:26pm
As of Thursday's closing prices @ 4:30, my entire 401k will be in money market.I'll take my 14.5% and sit on it for a bit.... My stocks were sold last week.....
I don't think we'll hold this level, for the reasons stated above.
I hope the market cranks today and tomorrow......:D
Ohhh, I'm feeling much better now.....See you at S&P 1200....I'll reassess then, for a possible drop to 1100, but that's a bit remote right now, but certainly not out of the realm of possibility.
I locked in 14.5% for the year so far....If the drop happens like I plan, I'll grab another 10% before year end......I love this chit !!!:D
Admiral Blue
03-08-2012, 12:03pm
Nice work so far this year. Why don't you risk some of that 14.5% and buy an inverse S&P ETF...or leveraged inverse ETF? :dance:
Jeff '79
03-08-2012, 7:04pm
Nice work so far this year. Why don't you risk some of that 14.5% and buy an inverse S&P ETF...or leveraged inverse ETF? :dance:
I have no clue what those are......That's prolly why...:D
Tomorrow's close is key.
If the S&P closes below 1366, then a downward bias will have started...It's sitting right on that, at today's close.....It's wild how they plat this stuff so close...:dance:
I have no clue what those are......That's prolly why...:D
Tomorrow's close is key.
If the S&P closes below 1366, then a downward bias will have started...It's sitting right on that, at today's close.....It's wild how they plat this stuff so close...:dance:
they are just trying to drive you nuts.
still invested in the market, intend to stay that way too. up a little today :hurray::hurray: hoping one of my mutual funds gets back to our basis, would then likely sell a bit, generate no tax bill, and have some cash for stuffs.
Entropy
03-08-2012, 11:23pm
The wife and I just dumped some money in since no one is being rewarded for saving money. Ideally we should have done it last year, but so it goes. Put it in for the next 30 years, watch the market and hope for the best.
Admiral Blue
03-09-2012, 11:55am
Really? Check out SPXU, for example, BUT do NOT hold me responsible for any moves you make. These are extremely volatile and should be used with extreme caution and with safety nets in place.
How confident are you in the 1200 number? All I was saying is if you are 90%+ confident in a correction, you could use a leveraged bet to increase gains. Again, be careful out there...as you know, the market shows no mercy. :seasix:
the market can stay irrational a lot longer than you can stay liquid.
dwjz06
03-09-2012, 12:58pm
Spot on. :seasix:
The stated figures for inflation are also BS. You can't leave food and fuel out of that percentage. Yet that is just what is done so the numbers are useless. Just go to the store and gas station and compare what you paid last year for the same things. That gives the true picture.
Speculators are going to drive the price of fuel as high as they can. Which drives up the cost of EVERYTHING ELSE. It will only get worse. The excuse of Iran's oil is just a ruse. We do not and have not bought any of it in decades. Europe can do without it, and is for the most part now. So economies like China, India and the Soviet Union will buy it. Freeing up capacity in countries we do buy it from. All this amounts to is a reshuffling of contracts. There is still just as much oil on the market today as last month. But the price will still go up because the speculators are allowed to do it. If prices do go to the levels I have been hearing about this summer. It won't be long before another recession begins.
This plus the real estate crap. Waiting for the drop:sadangel:
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