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DJIA 10k on the horizon ?

 
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Blader
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Re: DJIA 10k on the horizon ?
« Reply #15 on: October 14, 2009, 11:20:49 AM »

party like its 1999

Is your investment portfolio better off now than it was two administrations ago?
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Walfredo
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Re: DJIA 10k on the horizon ?
« Reply #16 on: October 14, 2009, 11:27:32 AM »

I agree with MFAWG in that we are seeing a supply side bubble that will someday no idea when burst.  I'm not to worried about it all being young and what not.  

But my father and uncle who have real money in it are scared to death and in full Glen Beck hysteria mode.  They're biggest concern is the continued devaluation of the dollar with all the cash being created and the Fed maintaining low interest rates.  The other shoe will drop.  They saw interest rates rise toward 20%.  Gold prices hit historical highs.  People from Oklahoma know full well what hyper-inflation can do to accumulated wealth.  I mean it's pretty clear this recession was stag-flation.  

Hyperinflation devalues all the govt spending and the gains in the DJIA are not supported at all by extra GDP output in real terms of goods and services.  So we are all getting an inflation tax and have been for quite some time.  This effects the real avg american too since their real wages have remained stagnant or fallen in the last 10 years.  

Becktards think this is being orchastrated by the administration to make the US have no choice but turn to socialism.  This is where they have no credibility.  But the problem is real, has been for some time but the Fed keeps enacting short-term measures to make us happy for now.  To what extent does this blow up and when, I have no idea.  
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Walfredo
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Re: DJIA 10k on the horizon ?
« Reply #17 on: October 14, 2009, 11:28:57 AM »

party like its 1999

Is your investment portfolio better off now than it was two administrations ago?
Well since I was 19 in 1999 it is in the sense that now is better than not having one.  Plus I married into a much better investment portfolio.  Best move I ever made financially. 
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For hither not, I am the stallion.
Come fear, come love, I am the stallion.
You know that I am the stallion, mang.
I am, I am the stallion, mang.
You know that I am the stallion, mang.
I live, I walk, I am the stallion, mang.
Blader
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Re: DJIA 10k on the horizon ?
« Reply #18 on: October 14, 2009, 11:40:56 AM »

Then your efforts would be better spent on lobbying for estate tax reform, rather than imagining we now exist in some sort of weird pre-inflationary hyper-monitized bubble.

I mean, I traveled a lot to Japan in the 90's, enough to have a healthy fear of deflation/stagflation. 
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Walfredo
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Re: DJIA 10k on the horizon ?
« Reply #19 on: October 14, 2009, 11:57:18 AM »

Don't get me started on estate tax reform.  When my in-laws die they better have that all sorted out for the betterment of me. 

I'm far more concerned about "real" wages and the trade deficit than peaks and valleys of the DJIA.  Actually I'm more concerned about local issues like our public school system which I hope to be utilizing soon.  That and whether or not the State legislature will ever get off their butt and make English our official language. 
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For hither not, I am the stallion.
Come fear, come love, I am the stallion.
You know that I am the stallion, mang.
I am, I am the stallion, mang.
You know that I am the stallion, mang.
I live, I walk, I am the stallion, mang.
Blader
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Re: DJIA 10k on the horizon ?
« Reply #20 on: October 14, 2009, 01:14:42 PM »

  That and whether or not the State legislature will ever get off their butt and make English our official language. 

[drink]Here!  Here!![/drink]
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MFAWG
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Re: DJIA 10k on the horizon ?
« Reply #21 on: October 14, 2009, 03:20:34 PM »

Quote
That and whether or not the State legislature will ever get off their butt and make English our official language. 


Wouldn't this be more of a concern for Real 'Merkans as opposed to Average Americans?   Devil
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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