unblock
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Wed Mar-30-05 06:10 AM
Original message |
sideways stock market. what is it, now, 6 years without a new high? |
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i think it's been 6 years since the dow peaked late in the clinton years. i'm actually impressed how the dow has stayed in such a comparatively narrow range for such a long time.
when was the last time the dow has gone that long without setting a new record? my guess is the carter years, probably around 1976-1982?
any comparisons between shrub and carter would be welcome. all an insult to jimmy, who doesn't deserve it, but a useful smear on shrub nevertheless.
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The Devils Advocate
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Wed Mar-30-05 06:39 AM
Response to Original message |
1. 1929-195? is the longest between new highs. |
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And when you look at the drop in the value of the dollar, the market gone down in real value, not sideways.
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Wed Mar-30-05 08:48 AM
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w4rma
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Wed Mar-30-05 09:33 AM
Response to Reply #2 |
5. NASDAQ has lost 10% to 20% of it's total value since Shrub got into power. |
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Moving from the DOW to NASDAQ won't help you.
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spooky3
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Wed Mar-30-05 10:05 AM
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11. link? All the index funds use it or a related fund (eg, S&P) |
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and many other mutual funds invest in many Dow stocks. If we're talking about US residents and include their retirement funds, 401ks, etc., they are very much affected by this.
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grumpy old fart
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Wed Mar-30-05 08:54 AM
Response to Original message |
3. Just wait for the trickle down from the tax cuts....yeah, right! |
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It's gonna hit the BIG dip sometime in the next decade if we keep on our reckless course...
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newportdadde
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Wed Mar-30-05 09:02 AM
Response to Original message |
4. Actually its worse then just flat. |
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Once you take into account the dollar is down something like 30% against the euro etc it really only at around 7500 in real buying power.
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unblock
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Wed Mar-30-05 09:35 AM
Response to Reply #4 |
6. well, just looking at the dow is simplistic in a number of ways |
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it also ignores inflation, and, on the flip side, dividends.
nevermind that the dow index of 30 big stocks, with its occassional adjustments, is not the ideal indicator of the stock market as a whole. it's merely the most popular and visible one.
nevertheless, broadly speaking, and without looking, i'd bet that we're also about 6 years removed from a new high in the s&p500 or the value line indexes as well.
again, when was the last stretch of 6+ years without a new high? am i right in thinking it was the carter years?
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Zynx
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Wed Mar-30-05 10:26 AM
Response to Reply #6 |
13. S&P 500 is a long way from 1550, its all time high. |
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Wed Mar-30-05 09:49 AM
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rockymountaindem
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Wed Mar-30-05 09:52 AM
Response to Reply #7 |
8. But the trade deficit continues to grow. |
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What you say is technically correct, but it doesn't look like it's working for us yet. How far are you willing to let the dollar slide for the reasons you enumerated even as the trade defecit grows?
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Wed Mar-30-05 09:54 AM
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Kathy in Cambridge
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Wed Mar-30-05 10:05 AM
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10. It would help if you continued the discussion, or are you afraid |
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that you may learn something?
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Tempest
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Wed Mar-30-05 10:34 AM
Response to Reply #10 |
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I was reading his posts in other threads and the countdown began.
He disrupted poorly.
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Kathy in Cambridge
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Wed Mar-30-05 10:35 AM
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rockymountaindem
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Wed Mar-30-05 11:59 AM
Response to Reply #10 |
16. What did he say to me? |
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I'd be interested to know. Send me a PM.
I saw him right after in another thread and alerted on him. Score one for me!
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Zynx
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Wed Mar-30-05 10:25 AM
Response to Original message |
12. The Dow went from 1972 to 1982 without setting a new high. |
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Edited on Wed Mar-30-05 11:07 AM by Zynx
I could see the S&P 500 going that long to hit 1500.
I personally haven't done badly during this period. I got out of my large cap mutual fund in September of 2000 when the Dow was still over 11,000 and got into Procter and Gamble when it was beat up. Since that time it is up about 75%.
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Sat May 11th 2024, 09:24 AM
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