Hey Techweenie - How About that Dow!

[RickM]

Originally posted by Rich76_911s
The three top headlines on yahoo finance this morning were:
1. Worst addition of jobs since October
2. US consumer confidence hits a new low
3. Crude is over $72 a barrell

I am honestly just wondering why people love the market so much right now.

...and after a few hours (or perhaps a day) the headlines will read the opposite. The news outlets sensationalize each indicator as if they are the sole bellwether for the health of our economy. I liken Yahoo headlines to watching a tennis match.

"Dow Jones surges close to all-time high"
"Jobs Data Send Dow to New 6-Year High"

[techweenie]

Originally posted by SoCal911SC
So the recession ended 6 months ago?

I guess you didn't read the first sentence of the post you responded to. I suggest you go back and do so and you won't have to keep trying to invent things.

[turbo6bar]

Let's not worry ourselves about the last recession. Worry about the upcoming recession.

[lendaddy]

Originally posted by techweenie
I'll take that bet.

You can make that $20 check out to the ACLU.

http://www.the-privateer.com/chart/dow-long.html

I'm still trying to figure this Australian website out, but it appears you may win this round evil one.

Do you take personal checks?

[island911]

Hey, I added in some of the missing "Long term projections"





"just the facts" sheesh tech.

[techweenie]

Originally posted by lendaddy
I'm still trying to figure this Australian website out, but it appears you may win this round evil one.

Do you take personal checks?

Of course. You can PM me for a mailing address.

[techweenie]

Originally posted by SoCal911SC
LOL. That's exactly what I've said. That not only had the last recession ended (years ago), but we're likely not that far away from the next one.

Tech has been waiting the past few years for the recession to end (or *really* end), I was just concerned that he was going to sit on the sidelines during these years of recovery and expansion, only to find himself at the precipice of the next recession!

I told him not to miss the train, but his response was that this particular train "wasn't shiny enough!"

Anyways, Tech, hopefully your portfolio's done ok the past couple of years.

My portfolio is worth almost exactly what it was 2 years ago, unfortunately. But that's not where I've been putting my money. It's gone into 'colectibles' and has done quite well, thanks for your concern.

My net worth took a $3.75 million hit from '00 to '03, so I don't have a ton to worry about at the moment. But I've been building several companies in the meantime, so don't imagine I've been 'sitting on the sidelines.'

[Moneyguy1]

Just a old timer's rule of thumb:

Depressions are national.

Recessions are local.

That is, the "economy" may be great for specific income brackets, industries, or for specific geographic areas.

So as far as the current economic situaiton, it is a point of view situation.

As to why the runup? Partly due to real estate no longer being quite as attractive. But just watch. The market indices will do what they always do...

Change.

[techweenie]

Originally posted by SoCal911SC
Oh, I thought you had spent the past few years "peddling porsches until the recession ends."

I musta been thinking of someone else, never mind.

You're doing a heckuva job, Techie!

This may amaze you, but some people can do several things at a time!

[techweenie]

Originally posted by Moneyguy1
Just a old timer's rule of thumb:

Depressions are national.

Recessions are local.

That is, the "economy" may be great for specific income brackets, industries, or for specific geographic areas.

So as far as the current economic situaiton, it is a point of view situation.

As to why the runup? Partly due to real estate no longer being quite as attractive. But just watch. The market indices will do what they always do...

Change.

;-)

A recession is when your neighbor loses his job. A depression is when you lose your job.

This may be a rough week for the Dow...

[RoninLB]

mid yr election often coincides with a 10-40% stock mkt drop directly followed by a steep over previous high increase for about 1-2yrs. It's happened about 8 times since WW2.

based on above possibilities it's not exactly the time to sell, but it's not exactly the time to toss in new $ either.

[techweenie]

Originally posted by RoninLB
mid yr election often coincides with a 10-40% stock mkt drop directly followed by a steep over previous high increase for about 1-2yrs. It's happened about 8 times since WW2.

based on above possibilities it's not exactly the time to sell, but it's not exactly the time to toss in new $ either.

Definitely not the time to throw $$$ in.

11,2XX

[techweenie]

Originally posted by lendaddy
I'm still trying to figure this Australian website out, but it appears you may win this round evil one.

Do you take personal checks?

LOL.

Still laughing over the way you paid your debt on this, Len.

But the important thing is that you are a man of your word.

[lendaddy]

Originally posted by techweenie
LOL.

Still laughing over the way you paid your debt on this, Len.

But the important thing is that you are a man of your word.

He looks good don't ya think? Seriously, that was fast all the way to Cali. Mail guy must be a liberal friend of yours

[Jim Richards]

details!

[lendaddy]

Originally posted by Jim Richards
details!

Nothing too strange, I taped the cash to the back of a 8" X 10" portrait of Bush. I considered warning him of this incase he destroyed it with fire or something, but I figured that in itself would be worth another $20

[Jim Richards]

good on ya'

[techweenie]

(sound of crickets...)

[techweenie]

Originally posted by SoCal911SC
Oh well, I guess the great economic recession of 2002 to the present is back on again.

Some day we'll pull out of this receeding economy we've been having the past few years, darn it.

All I'm saying here is that the signals are mixed at best.

Bush supporters were all excited about 4.6% unemployment until that pesky press mentioned that it was the lowest rate since July '01 -- you know, the Clinton Recession.

And all the unemployment stats are pretty much inventions, anyway in that they under-count the self employed, fail to take in a booming underground economy and have no mechanism for dealing with skilled workers forced to take unskilled jobs...

I hated Economics in college because there were never enough axes to account for all of the influences.

[Nathans_Dad]

My investing life got much easier when I stopped trying to time the market and worrying about daily changes. Multiple authors have asserted that market timing is nearly impossible and doesn't actually increase your returns all that much either, especially if you happen to miss a few of the big gain days by being out.

Stick yer money in the market and fergetaboutit.