Author Topic: Will the Dow Jones hit 10K this year or next? (Read 1074 times)

Ripsnort · « **on:** June 17, 2003, 09:52:25 AM »

Analysts are saying this upward (Bull) market trend will probably go thru 2005...I say the Dow Jones hits 10k this year...

ra · « **Reply #1 on:** June 17, 2003, 09:55:39 AM »

IMHO this is just a blip caused by people who hope the market has bottomed and are trying to get in for the ride up. A month from now it will be back down.

Ripsnort · « **Reply #2 on:** June 17, 2003, 09:56:28 AM »

Quote

Originally posted by ra
IMHO this is just a blip caused by people who hope the market has bottomed and are trying to get in for the ride up. A month from now it will be back down.

You do realize that 1500-2000 pts. over 4 months isn't exactly a "blip", don't you?

Udie · « **Reply #3 on:** June 17, 2003, 09:58:03 AM »

I think it will be at 10k in less than 2.5 months....

Sabre · « **Reply #4 on:** June 17, 2003, 10:52:49 AM »

The Democrats must cringe with every point it moves up. A sour economy is about the only issue they have to batter the President with, and it don't seem to be cooperating.

Dead Man Flying · « **Reply #5 on:** June 17, 2003, 10:53:37 AM »

Quote

Originally posted by Sabre
The Democrats must cringe with every point it moves up. A sour economy is about the only issue they have to batter the President with, and it don't seem to be cooperating.

You do realize that the stock market does not represent the whole economy... right?

-- Todd/Leviathn

Scootter · « **Reply #6 on:** June 17, 2003, 11:05:18 AM »

Quote

Originally posted by Dead Man Flying
You do realize that the stock market does not represent the whole economy... right?

-- Todd/Leviathn

No? in what way is it not a direct indication of the health (or lack of) the economy?

As it is the trust of a company’s ability to turn a profit or not that drives the stock market, I think it is the greatest indication of the coming economy there is.

When it is on the way down everyone claims "there goes the economy" why can it not be the other way on the way up?

Please explain your statement to me.

Udie · « **Reply #7 on:** June 17, 2003, 11:06:38 AM »

Quote

Originally posted by Scootter
When it is on the way down everyone claims "there goes the economy" why can it not be the other way on the way up?

Please explain your statment to me.

Because he's a democrat. You have to remember water flows uphill for them....

fd ski · « **Reply #8 on:** June 17, 2003, 11:16:10 AM »

if you bribe me enough, i'll stand up and yell BUY !!!

Scootter · « **Reply #9 on:** June 17, 2003, 11:19:43 AM »

oh .... I see Udie

When people complain about the Pres. lack of leadership on the economy because it is in the tank and its his fault.

So then when he does something about it (what else can he really do other then what he did) and it starts back a bit he gets no credit?

If W was to walk on water the Dems would say, “he can't swim” (with much glee) and show it as another weakness.

Seems the economy runs in cycles no matter what is going on in the world (really are things any different then they were 10, 15 25 years ago). We spend in an orgy of greed and spend the next 3 or 5 years paying for the financial hangover we have created. We as a nation spent like there was no tomorrow in the late 90’s and now are just about finished paying it off. Don’t worry we will have another greed driven spending spree soon, we did it in the mid 80’s and late 90’s due for another mid 2000’s.

Udie · « **Reply #10 on:** June 17, 2003, 11:23:27 AM »

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Originally posted by fd ski
if you bribe me enough, i'll stand up and yell BUY !!!

Does this come with a free video of the event?

Saurdaukar · « **Reply #11 on:** June 17, 2003, 11:24:46 AM »

Guys, guys, guys...

Sigh... here are the rules.

If a Republican is in office, and the market goes up, its not a good indicator of the economy. The inverse is also true; if the market goes down, it is, indeed, a good indicator of the economy.

If a Democrat is in office, and the market goes up, its a fantastic indicator of the economy. The inverse is also true, but with a twist; if the market goes down, not only is it not an indicator of the economy, but its the previous Republican office holder's fault.

I blame my parents.

guttboy · « **Reply #12 on:** June 17, 2003, 11:30:05 AM »

Bottom line from me...... NO

I have kept all my things from Sept 11...<----DUMB ASS

I have not sold waiting for things to come back.

I am investing in commercial real estate (read SLUM LORD)

Better returns...tangible assets...gotta be willing to do that.

Before I put ANOTHER dime in the stockmarket...personally...im waiting a bit....now with that being said my Thrift savings from the Govt is 100% invested in the stock market.

Dead Man Flying · « **Reply #13 on:** June 17, 2003, 11:38:14 AM »

Quote

Originally posted by Scootter
Please explain your statement to me.

The stock market, and particularly the Dow Jones, offer only a small glimpse of the aggregate national economy. For one, Dow Jones (and other stock markets) selectively choose member corporations and routinely delist underperforming organizations. For instance, IEN was delisted when its stock value fell precipitously. Stock markets do not typically delist overachieving stocks.

Second, the corporations included in major stock markets do not encompass the whole width and breadth of the aggregate economy. How can we measure the performance of small businesses through the Dow Jones? How about home sales? The massive service sector? The bond market?

The stock market is just that... one market comprised of stocks that represents one of many markets constituting the overall economy.

-- Todd/Leviathn

lord dolf vader · « **Reply #14 on:** June 17, 2003, 11:39:05 AM »

times are bad getting worse tons of layoffs plant closings ect ect ect. saying sunshine will shine out your bellybutton dont make it so. the stock market is the rich counting the spoils sucked out of the working man.

please please check previous voodoo economics presidents. with 2 trillion in tax cuts weighted to the wealthy minority you ( the republican party )own the economy for good or bad you fail again and there will be no excuses about who is to blame next year. agreed?