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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Turned a Corner or Why Investing In Heroin Ain't An Option
Looks like the Stock Market has retested its lows of 8000 on the DOW and is bouncing off of that low....that ultimatily is good news...we are apparently are in a trading range of 8000 to 8800 on the DOW.
As in every crisis or downturn things over shoot the fair market value and soon return to more of its true value....I think that is largely true of the Stock Market...I would hope that it becomes the Market of choich for investors, when they get over their stage fright. RE, Bonds and Commodities all have had a run....and all have come crashing down off the unrealistic highs that were created.
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01-16-2009, 12:16 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,596
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You a subscruber to Brinker?
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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01-16-2009, 12:17 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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no, but expain his thoughts if you will please.
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01-16-2009, 12:19 PM
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Slackerous Maximus
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,206
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I agree.
People are jumpy, but we do seem to have a rough hover above 8000. Touching the floor would be nice.
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2022 Royal Enfield Interceptor. 2012 Harley Davidson Road King 2014 Triumph Bonneville T100. 2014 Cayman S, PDK. Mercedes E350 family truckster. |
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01-16-2009, 12:19 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Unless something drastic happens I think 8000 is going to be the floor...it has been tested and retested continulousily since November....
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01-16-2009, 12:21 PM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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We ain't through the woods yet.
Much like it is time to sell your RE when "the price never goes down", I don't think we'll start to see a meaningful recovery until we start hearing "there is no recovery in sight".
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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01-16-2009, 12:21 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Quote:
I am aware of the contrarian position...
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01-16-2009, 12:28 PM
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