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Dow closes at record high

Discussion in 'Off Topic Threads' started by Bisi, Mar 5, 2013.

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  1. Bisi

    Bisi TS Member

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    Dow just closed at a record level. Wow! Isn't that Obama something?

    Even though only a few days ago he was predicting Armageddon because of sequester, he made the tough decisions to turn it around.

    Your predications??
     
  2. likes-to-shoot

    likes-to-shoot Well-Known Member

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    My predication is just what happened last time, tie yourself to something sturdy because the bottom is going to fall out from under us.

    One reason the dow is going up is because the feds is printing more money.
     
  3. timberfaller

    timberfaller Well-Known Member

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    So it hit a high, and that helps the common people how??
     
  4. APrice

    APrice Active Member

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    Common people should know how to help themselves.
     
  5. bigbore613

    bigbore613 Active Member

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    Just wait for thr Friday selloff. Jeff
     
  6. Catpower

    Catpower Molon Labe TS Supporters

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    Get ready for a big "correction"

    History has a nasty habit of repeating itself
     
  7. 635 G

    635 G Well-Known Member

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    Don't trade, invest---just like playing options at big shoots--a sucker bet !!!

    Phil Berkowitz
     
  8. Jerry944t

    Jerry944t Well-Known Member

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    Well I'd rather have a lot of devalued dollars than a few. There will be a minor correction but the stock market has been on a steady rise for quite a while now.

    The common person benefits, Timberfaller, since, assumming they were a bit prudent, their portfolio is more valuable. It's not that complicated.
     
  9. alf174

    alf174 Member

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    can you say "Bubble"?

    No real wealth being generated there, real wealth comes from putting in an honest days work.
     
  10. Bisi

    Bisi TS Member

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    Yeah, there will be a sell off and some profit taking in the next few days, but I think the market will have "legs" for a while. The reason where else is there to put your money? Bank Cds? Uncle Ben B has said he is going to keep interest rates low until unemployment goes under 6.5%. Fat chance of that happening anytime soon.

    Where you going to put your money? Real estate, single family homes? I thought about that, but by the time you pay taxes, insurance, management fees, etc..... It is just simpler to put it in stocks.

    I don't have much faith in the market or the economy, but for now it is the only game that makes sense. As soon as interest rates go up it will be time to exit. Even saying that I don't see a big run up in stocks, and I'm not blindly adding any money at this level.
     
  11. stokinpls

    stokinpls Well-Known Member

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    Isn't the Dow comprised of only 30 stocks?

    Bob Falfa
     
  12. 635 G

    635 G Well-Known Member

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    Real wealth comes from paying your employees an honest wage & they will make money for you. Believe me it works-I retired @ 53 & gave the company to my employees.

    Phil Berkowitz
     
  13. Dougbbbb

    Dougbbbb TS Supporters TS Supporters

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    If you have a few minutes click link above
     
  14. beeper

    beeper Member

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    The DOW will continue to have records highs. Where else will the 1 percent who control 99 percent of the wealth put their money?

    the beeper
     
  15. Gold Medal

    Gold Medal Member

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    The dow-jones industrial average is comprised of 30 stocks representing an across the board sampling of companies who operate in diversified groups. Aluminum, Consumer Finance, Telecommuncations, banking, aerospace, and more.

    Unless you are a holder of all, or part of these stocks, the dow average would have no meaning to your personal wealth.

    Will there be a market correction? Yes, somewhere along the way profit-taking will set in and computerized selling will then cause a correction due to previously placed stop loss orders. This will cause a downward trend for a while.

    Then the traders will start buying again when stocks crater, for a market run up. The cycle starts over.

    The really sharp money fund managers will sell at the top and short the various stocks so as to take advantage of the up and down volatility.

    Simplistic examples;

    Long selling --- buying a stock at $25 and selling at $35. Profit $10.00.

    Selling stock at $35 you don`t own (shorting) and buying it back at $25 to cover your short position. Profit $10.00

    Doing both, easily the trickiest---profit $20

    Most money fund mangers are savvy enough to make money no matter which way the market goes.

    If, as some seem to believe, the market is due to correct soon, then short a stock that is at its all-time high. You could make some money. You could also lose money if the stock price continues upward.

    Therein lies the risk.

    I agree with 635G--don`t trade, invest.
     
  16. CharlieAMA

    CharlieAMA TS Supporters TS Supporters

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    The Private Sector is doing Fine. What else do you need to know?
     
  17. Bruce Specht

    Bruce Specht Well-Known Member

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    Beware the new high as it may well predict a big fall! When I see a big run up i get ready for a bigger pull back. I started putting stop losses in place
     
  18. shot410ga

    shot410ga Well-Known Member

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    Where is the bubble? I don't see any sector in a bubble mode. Sure there will be a pull back, two steps forward one step back. That is the norm. Again, where is the bubble? The market is the only place making any money at all. ERGO: the ramp up. If there is any other place to make a few bucks, even at an inflated rate, please advise......
     
  19. alf174

    alf174 Member

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    Some say precious metals is a bubble, some say same with bonds. Its subjective until it actually happens.

    I don't believe the economy can make a real recovery until the actual unemployment rate is reduced.
     
  20. 100straight

    100straight Member

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    The investors I know are happy about the sequester because it cuts federal spending, albeit by very little, but they see it as a bit of a positive sign, hence a willingness to invest. One of my friends told me that if Obabma hadn't put us 16 trillion in debt, he thinks the markets would have gone over 20,000, maybe even 25,000, a long time ago. He also said if the sequester had been reversed the market would have dropped.

    Mark
     
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