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Posted: 1/9/2006 9:34:32 AM EDT
[Last Edit: 1/9/2006 9:36:39 AM EDT by hardcorps1775]
here

i been waiting for this for the last year and a half! i don't know why, but this has seemed like the holy grail to me ever since 9/11 caused the economy/dow to plummet. we are now OFFICIALLY back to where we were before 9/11...

well, seemed like a big deal to me...
Link Posted: 1/9/2006 9:35:23 AM EDT
Go post count go!
Link Posted: 1/9/2006 9:35:43 AM EDT
economy good?
Link Posted: 1/9/2006 9:35:44 AM EDT
About time.

Link Posted: 1/9/2006 9:36:41 AM EDT
Link Posted: 1/9/2006 9:37:02 AM EDT
Sweet.
Link Posted: 1/9/2006 9:44:32 AM EDT
Sweet!
Link Posted: 1/9/2006 9:45:02 AM EDT
it clintons fault
Link Posted: 1/9/2006 9:46:05 AM EDT

Originally Posted By hardcorps1775:
here

i been waiting for this for the last year and a half! i don't know why, but this has seemed like the holy grail to me ever since 9/11 caused the economy/dow to plummet. we are now OFFICIALLY back to where we were before 9/11...

well, seemed like a big deal to me...



Me too- I had high hopes we'd be over 11,000 this time last year but it never happened. That's GREAT news!

I don't know why, it was kind of a "grail" to me too - and I'm not even that big of an investor. I just wanted the economy to be strong.
Link Posted: 1/9/2006 9:46:52 AM EDT

Originally Posted By Illinigunner21:
economy good?

If you ask libs it's horrible. In reality this is the best economy we've had in a LONG time.
Link Posted: 1/9/2006 9:47:44 AM EDT
gas should go up more now. Why. Cause the economy is good
Link Posted: 1/9/2006 9:48:40 AM EDT
You know... I knew something was different when I woke up this morning. I could just FEEL it!

~Dg84
Link Posted: 1/9/2006 9:48:51 AM EDT
More importantly, the NASDAQ and S & P 500 are also up a respectable amount.

Don't forget, the DOW is made up of only 30 BIG Industrial companies, and doesn't always reflect the state of the stock market in general.
Link Posted: 1/9/2006 9:50:55 AM EDT
the 401k looks alot better too
Link Posted: 1/9/2006 9:52:38 AM EDT
My apologies. I did some buying shortly after 09-11.
Link Posted: 1/9/2006 9:52:58 AM EDT

Originally Posted By Cleatus:
gas should go up more now. Why. Cause the economy is good

If you think that you can judge the economy based on one trading commodity then your name is pretty appropriate.
Link Posted: 1/9/2006 9:55:15 AM EDT
lol the dupe of this thread was locked in 1:27. Lordtrader is on his game today.
Link Posted: 1/9/2006 10:06:05 AM EDT

Originally Posted By Dusty_C:

Originally Posted By Cleatus:
gas should go up more now. Why. Cause the economy is good

If you think that you can judge the economy based on one trading commodity then your name is pretty appropriate.



but the dow is pretty indicative, don't you think? especially along with the s&p and nasdaq.
Link Posted: 1/9/2006 10:10:07 AM EDT
The DOW is one of the worst barometers of market activity due to its sample size of 30 companies. The DOW is currently trading at its historic high, whereas the S&P is 18% off its high and the NASDAQ is over 45% off its historic highs.
Link Posted: 1/9/2006 10:18:38 AM EDT

Originally Posted By TheCynic:
The DOW is one of the worst barometers of market activity due to its sample size of 30 companies. The DOW is currently trading at its historic high, whereas the S&P is 18% off its high and the NASDAQ is over 45% off its historic highs.



+1

there are several indicators of the state of the economy, and the DOW is just one. If you take in to account the rest of them, we are still below where we were pre-9/11.
Link Posted: 1/9/2006 10:28:08 AM EDT

Originally Posted By PreMed_Gunner:

Originally Posted By TheCynic:
The DOW is one of the worst barometers of market activity due to its sample size of 30 companies. The DOW is currently trading at its historic high, whereas the S&P is 18% off its high and the NASDAQ is over 45% off its historic highs.



+1

there are several indicators of the state of the economy, and the DOW is just one. If you take in to account the rest of them, we are still below where we were pre-9/11.



Help me out: What are the other indicators if the DOW isn't a good one... TIA (and I'm not being a wiseacre).
Link Posted: 1/9/2006 10:38:45 AM EDT
[Last Edit: 1/9/2006 10:41:21 AM EDT by raven]

Originally Posted By TheCynic:
The DOW is one of the worst barometers of market activity due to its sample size of 30 companies. The DOW is currently trading at its historic high, whereas the S&P is 18% off its high and the NASDAQ is over 45% off its historic highs.



Not really, there's a whole method to it called Dow Theory that works remarkably well.

www.dowtheoryletters

The Dow is kind of a throwback to when the economy and the number of publicly traded stocks was smaller. Of course the NASDAQ is going to be at much lower levels, but that reflects rational reality, the past levels you're comparing present levels to didn't.
Link Posted: 1/9/2006 11:06:16 AM EDT

Originally Posted By doorgunner84:
You know... I knew something was different when I woke up this morning. I could just FEEL it!

~Dg84



Weather's nice, too. Sunny, 50s. Ahhhhh.....
Link Posted: 1/9/2006 11:50:27 AM EDT
YEEEEEEHAAAWWWWW!!!!!!
Link Posted: 1/9/2006 11:54:36 AM EDT

Originally Posted By macman37:

Originally Posted By PreMed_Gunner:

Originally Posted By TheCynic:
The DOW is one of the worst barometers of market activity due to its sample size of 30 companies. The DOW is currently trading at its historic high, whereas the S&P is 18% off its high and the NASDAQ is over 45% off its historic highs.



+1

there are several indicators of the state of the economy, and the DOW is just one. If you take in to account the rest of them, we are still below where we were pre-9/11.



Help me out: What are the other indicators if the DOW isn't a good one... TIA (and I'm not being a wiseacre).



unemployment,new jobs, housing, interest rates, the other markets(NASDAQ,S&P),trade deficit/profit,etc.
Link Posted: 1/9/2006 12:06:28 PM EDT

Originally Posted By PreMed_Gunner:

Originally Posted By macman37:

Originally Posted By PreMed_Gunner:

Originally Posted By TheCynic:
The DOW is one of the worst barometers of market activity due to its sample size of 30 companies. The DOW is currently trading at its historic high, whereas the S&P is 18% off its high and the NASDAQ is over 45% off its historic highs.



+1

there are several indicators of the state of the economy, and the DOW is just one. If you take in to account the rest of them, we are still below where we were pre-9/11.



Help me out: What are the other indicators if the DOW isn't a good one... TIA (and I'm not being a wiseacre).



unemployment,new jobs, housing, interest rates, the other markets(NASDAQ,S&P),trade deficit/profit,etc.



With the exception of the trade deficit, aren't the rest of the things you listed doing quite well?
Link Posted: 1/9/2006 12:45:02 PM EDT
yay! my 401K is up 3.1% as of close of business Friday, I predict I'll be up 3.5% for the YEAR (which is less than 10 days old )
Link Posted: 1/9/2006 12:54:25 PM EDT
What a great day in my portfolio. I think I might cash some out to buy a shiny toy
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