Dow close to 13,000

[WRESTLINGFAN]

Yesterday the dow closed up more than 150 points. Its at 12,960. Thanks to positive earnings reports from Google and others. The dow can reach 13k by this week. I remember a few weeks back when it tanked more than 400 points the media was saying doom and gloom. Even with $3.00 a gallon gas the economy is still doing well. I know that the stock market is only 1 small part of the overall economy this is always good news when the market keeps setting new records

[MrPink]

I guess that's nice, but is that making you any money? I know I'm not getting anything.

[WRESTLINGFAN]

I guess that's nice, but is that making you any money? I know I'm not getting anything.

My 401k is looking pretty decent. I dont want to get too greedy though. I am going to rebalance it a little and invest in some other funds

[RogerPodacter]

I guess that's nice, but is that making you any money? I know I'm not getting anything.

Its making me a little dinero..

[BLZBUBBA]

It was at 11,000 while Clinton was president. That's 2000 whole points with Bush in office. 2000 points in 6+ years? I'll take the 1992-2000 performance or (the Clinton years) in a heartbeat for my 401K.
I'll go out on a limb but I'm thinking that the Dow went from around 4000 to 11,000 during 92-2000, with records galore.

Go back and track the Dow beginning with 1992 and see just how weak the performance (for the Dow) has been the last 6 years. And my 401k has been pretty decent the last few years "on average" but it's probably because the financial guys handling my 401K stuck the money in oil stocks. It certainly wasn't anything Dow-based.

[WRESTLINGFAN]

It was at 11,000 while Clinton was president. That's 2000 whole points with Bush in office. 2000 points in 6+ years? I'll take the 1992-2000 performance or (the Clinton years) in a heartbeat for my 401K.
I'll go out on a limb but I'm thinking that the Dow went from around 4000 to 11,000 during 92-2000, with records galore.

Go back and track the Dow beginning with 1992 and see just how weak the performance (for the Dow) has been the last 6 years. And my 401k has been pretty decent the last few years "on average" but it's probably because the financial guys handling my 401K stuck the money in oil stocks. It certainly wasn't anything Dow-based.

The Dow tanked to about 7500 in the months following 9/11. A 5500 point gain in 5 years is pretty respectable too

[Yerdaddy]

The Dow tanked to about 7500 in the months following 9/11. A 5500 point gain in 5 years is pretty respectable too

You're going to count from the bottom of the post-9-11 dip til today as a Bush accomplishment? You'd literally suck Bush's dick if you got the chance wouldn't you? You would be his Monica Lewinski.

[BLZBUBBA]

I'm not giving Clinton credit for the DOW nor blaming (or giving credit to) Bush for the DOW. Just want to make that clear.
Looking back at the period consider the following.
It wasn't just 9-11 that caused the market to tank. How about all those scandals? ENRON and the like? I'd wager that hurt the DOW as much or more than 9-11. It certainly hurt my confidence. 9-11 didn't make me wonder if there were crooks running some of these corporations.
I've spread my risk on my 401K more as a result of age than anything. I've added a few lower risk foreign funds (a small percentage) while dropping the riskier of the domestic funds. Age should kinda determine risk. I'm middle-aged and have arranged my 401K risks accordingly.
The history of the market is solid and shows stocks are the best place to invest...longterm. But I worry about some of the variables which will come into play that weren't there the last 50 or so years. Becoming a debtor nation for instance. Can't be a good thing. And this country became dominant by making things and selling them to the rest of the world. That seems to have flipped.

[WRESTLINGFAN]

You're going to count from the bottom of the post-9-11 dip til today as a Bush accomplishment? You'd literally suck Bush's dick if you got the chance wouldn't you? You would be his Monica Lewinski.

Easy with the gay stuff there. Its not a presidential accomplishment that the Dow reaches new highs. It wasnt Clintons fault that the tech bubble bursted in 2000 when the dot coms went belly up The Oval office doesnt control Wall street. And as far as Bush he is mis managing the war, he nominated Harriet Myers for Supreme Court, wanting UAE to control most of our ports, excessive spending and allowing the border situation to get out of control just to name a few are far from accomplishments. He is the reason why I am now an Independent

[WRESTLINGFAN]

I'm not giving Clinton credit for the DOW nor blaming (or giving credit to) Bush for the DOW. Just want to make that clear.
Looking back at the period consider the following.
It wasn't just 9-11 that caused the market to tank. How about all those scandals? ENRON and the like? I'd wager that hurt the DOW as much or more than 9-11. It certainly hurt my confidence. 9-11 didn't make me wonder if there were crooks running some of these corporations.
I've spread my risk on my 401K more as a result of age than anything. I've added a few lower risk foreign funds (a small percentage) while dropping the riskier of the domestic funds. Age should kinda determine risk. I'm middle-aged and have arranged my 401K risks accordingly.
The history of the market is solid and shows stocks are the best place to invest...longterm. But I worry about some of the variables which will come into play that weren't there the last 50 or so years. Becoming a debtor nation for instance. Can't be a good thing. And this country became dominant by making things and selling them to the rest of the world. That seems to have flipped.


Thats the best way to invest, Diversifying is the smart way to go this way you are minimizing your risk, anyone who puts 100% of their 401k just to one fund even though it might be doing good is a complete fucking moron especially after the Enron debacle

[Snacks]

Easy with the gay stuff there. Its not a presidential accomplishment that the Dow reaches new highs. It wasnt Clintons fault that the tech bubble bursted in 2000 when the dot coms went belly up The Oval office doesnt control Wall street. And as far as Bush he is mis managing the war, he nominated Harriet Myers for Supreme Court, wanting UAE to control most of our ports, excessive spending and allowing the border situation to get out of control just to name a few are far from accomplishments. He is the reason why I am now an Independent

yet you defend him every chance you get? The thing that amazes me so much about Bush and Clinton is so many people were so embarressed by Clinton getting a blow job and how he made America look so bad b/c he was such a dirty man. Yet these same people find some many ways to defend Bush after he has made us look so bad and we are so Hated around the World based on his policies and actions.

Clinton got a blow job, his business. Bush has started a "war" that has KILLED AMERICANS, all of our business.

Oh and dont forget all of our freedoms and rights he has been taking away from us or trying to. (patriot act, phone tapping etc.)

[WRESTLINGFAN]

yet you defend him every chance you get? The thing that amazes me so much about Bush and Clinton is so many people were so embarressed by Clinton getting a blow job and how he made America look so bad b/c he was such a dirty man. Yet these same people find some many ways to defend Bush after he has made us look so bad and we are so Hated around the World based on his policies and actions.

Clinton got a blow job, his business. Bush has started a "war" that has KILLED AMERICANS, all of our business.

Oh and dont forget all of our freedoms and rights he has been taking away from us or trying to. (patriot act, phone tapping etc.)


Since when did I become the new Tony Snow? I have been critical of this administration. alot of people on this board who voted for him twice are dissatisfied with Bush. I know I am.

As far as the Patriot act we can also blame all the politicians who signed on to it without reading the damn thing

[RogerPodacter]

The rally during the Clinton administration was partly due to these companies "cooking the books". Not exactly good business practices. So it can go either way comparing the 2 administrations. They really have little effect on the stock market.

[BLZBUBBA]

The market during the 90s was mostly computer driven. And while I didn't vote for Clinton (was sick of politicians even in '92) I do remember almost all computer executives supporting Clinton.
Suggesting entire economy of the 90s was the result of crookery is a way off base. Yeah. The economy boomed. Computers?
And by the way... Dems tried to push through legislation to make corporate books more transparent. Dems also tried to get legislation through to track banking transactions to fight terrorism.
Republicans would have none of it. Anti-business.

I have to go back to the guy talking about blowjobs. That's all Republicans seemed interested in.
And if you really want to continue down the road of who is or isn't crooked let me just add....
It sure is nice when you've done something shady, to have Daddy as President and Daddy's man as head of the SEC. Bush preaching about corporate scandal was a real hoot. Harken Energy? Look it up.
I also hope he enjoyed riding on Enron's jet while campaigning. This despite "hardly knowing Ken Lay".

[BLZBUBBA]

Sorry but I have to double post. I hit Bush and the Republicans pretty hard but to be honest the Dems are bad as well. I'm an Independent and think third parties are the way to go.
Like Bennington said...
"Watching them is like watching wrestling. They fight and scream at each other but at the end of the day they all load up in the same car and go to the next town."

[Snacks]

The market during the 90s was mostly computer driven. And while I didn't vote for Clinton (was sick of politicians even in '92) I do remember almost all computer executives supporting Clinton.
Suggesting entire economy of the 90s was the result of crookery is a way off base. Yeah. The economy boomed. Computers?
And by the way... Dems tried to push through legislation to make corporate books more transparent. Dems also tried to get legislation through to track banking transactions to fight terrorism.
Republicans would have none of it. Anti-business.

I have to go back to the guy talking about blowjobs. That's all Republicans seemed interested in.
And if you really want to continue down the road of who is or isn't crooked let me just add....
It sure is nice when you've done something shady, to have Daddy as President and Daddy's man as head of the SEC. Bush preaching about corporate scandal was a real hoot. Harken Energy? Look it up.
I also hope he enjoyed riding on Enron's jet while campaigning. This despite "hardly knowing Ken Lay".

but the republicans had no problem listening in or spying on regular americans with the patriot act. But when it comes to the rich and big business then its not right off limits. I hate hypocrites

[Snacks]

Since when did I become the new Tony Snow? I have been critical of this administration. alot of people on this board who voted for him twice are dissatisfied with Bush. I know I am.

As far as the Patriot act we can also blame all the politicians who signed on to it without reading the damn thing

your partialy right about this. After 9/11 the dems biggest mistake was allowing bush to do as he pleased without qustioning him. It was b/c America was trying to be together as 1. Bush took this unity and used it for his own agenda. By the time everyone started to realize how he was fucking over the country it was too late.

When the patriot expired, didnt the dems want it not to be renewed? Hasnt it been extended or renewed?

[Recyclerz]

The rally during the Clinton administration was partly due to these companies "cooking the books". Not exactly good business practices. So it can go either way comparing the 2 administrations. They really have little effect on the stock market.

Partially true but while Bentsen, Rubin & Summers were running the economic policy for the Federales, the country was acting responsibly fiscally by being good Keynesians and paying down Reagan era debt with the tax windfalls and not going nuts with new spending programs, allowing more capital to be invested privately. Now many give the credit for that to the Republican-led Congress but that same Congress went batshit crazy with spending programs from 2001 to 2006 so I don't think trying to portray them as good custodians of the peoples' tax dollars is going to work with honest thinking people.

[Bulldogcakes]

Partially true but while Bentsen, Rubin & Summers were running the economic policy for the Federales, the country was acting responsibly fiscally by being good Keynesians and paying down Reagan era debt with the tax windfalls and not going nuts with new spending programs, allowing more capital to be invested privately. Now many give the credit for that to the Republican-led Congress but that same Congress went batshit crazy with spending programs from 2001 to 2006 so I don't think trying to portray them as good custodians of the peoples' tax dollars is going to work with honest thinking people.

Pardon the pun, but right on the money Recyc. Its a great argument for divided government, whichever party gets the top spot. Clinton was great at proposing a slew of little programs (which sounded like he was doing alot and pleased his base) but didn't add up to much $ wise. Clinton however did propose National Health Care in his first term, which would have effectively nationalized 1/7 of the US economy. Now thats balls right there, and not the good kind. So while his record was better afterwards and I give him credit overall, its tough to argue Clinton was a fiscal conservative at heart either. But you're absolutely right in saying the Republicans did no better, and perhaps worse in some areas. Neither party can be trusted to mind the store.

"Giving money and power to politicians is like giving a bottle of whiskey and the car keys to your teenage son" -P.J. O'Rourke

[FUNKMAN]

Yesterday the dow closed up more than 150 points. Its at 12,960. Thanks to positive earnings reports from Google and others. The dow can reach 13k by this week. I remember a few weeks back when it tanked more than 400 points the media was saying doom and gloom. Even with $3.00 a gallon gas the economy is still doing well. I know that the stock market is only 1 small part of the overall economy this is always good news when the market keeps setting new records

stock market only 1%? I would say it is at has at least a 90% affect on the world economy...

[BLZBUBBA]

I've hit this before but the medicare drug program? That was a Republican baby. They gave up the right to negotiate price. They effectively made the govt. the largest purchaser of drugs, and said, "Hey. Charge us whatever you want." How long would anyone keep their job in the private sector if they did that?