Dow 13,000!!!

[joelatti]

For months I have wondered why this market continues to climb?? I STILL have no idea as to why...I thought the correction in March was much needed and warranted......As of Jan 30th I had removed about 30% of my portfolio and diversified into various other implements......If anyone has a valid reason please post.....Otherwise let's continue to make money in this outrageous market and I'll look for answers later!!!

Just remember to ALWAYS take some profits off the table.......

 

[Hope1]

amazing, certainly not complaining. Here in Canada, if 2007 continues as such, this will be 4 straight years of double digit returns. Thank God for the resource sector and commodities.....:lol: ....oh, and China:missingte

dynatec bought out!!!!!!

arty:

......Sherritt on the bounce , they got Dyantec cheap, too cheap for my liking, but i'll take it

its a parade of jr mining buyouts......

 

[TheFalls]

The market has to keep going up to offset the inflation that is taking place.
-These profits are not as real as they seem.

 

[joelatti]

FALLS I understand what you mean, BUT these profits ARE pretty f'in BIG...I can't get my head around it, but I am continuing to roll with this market...AND slowly pulling out some gains for different investment vehicles.....I do not want to get caught with my pants down....I am sure some will make more than me knnow BUT I hope to have a little more WHEN, not if the pullback comes

 

[TheFalls]

There is definately no way but up with zero risk it seems.....it will pull back once EVERYONE thinks this though...trading the trend

 

[Dawoofdaddy]

Joe, weighted for inflation and what dollar has done past several years, where exactly are these returns you are posting about?

 

[SMSullivan]

I am now a believer. I've been listening to Kass for the last month or so waiting for the correction and I've thrown in the towel. Here is a little Koolaid....drink it up.
SMS

http://hedgefundmgr.blogspot.com/

 

[TheCooler]

who is he?...can't find any info

 

[heart222]

Doug Kass runs a dedicated short fund. He also runs a long fund but is best known as one of the bigger bears on wall street. A couple of years ago when the market was choppy and wound up around 10% he was up 100%. His views are mainly fundamental s opposed to technical. His fund has a minimum of 1M to enter. heart222

 

[joelatti]

Market still screaming ahead....WOOF you knonw I respect your opinion and I am still selling portions of my portfolio on a daily basis, BUT this market continues upwards...I never thought I would say this, but DOW 14K here we come....and to ALL who say no way...You were the same ones who said NO to Dow 12 K AND Dow 13K!:money8:

 

[Dawoofdaddy]

Joe, I think you would benefit yourself if youd read about Germanys Weimar inflation years.

A rising market doesnt mean alot when its coupled with double digit annual inflation.

Id like to see some stock picks rather than flaming about indexes going higher.

You are flaming about a market thats still half what it was in 2000 (nasdaq), s/p (has alot to do with oil/energy stocks) thats just now catching up with what it was 7 years ago, and a dow jones that includes 30 stocks.

Weigh it vs inflation and the dollar collapse and what has it really done?

 

[levistep]

Zimbabwe has had the best market this year, I believe. Hmm, I wonder which country has the highest inflation.

 

[joelatti]

Joe, I think you would benefit yourself if youd read about Germanys Weimar inflation years.

A rising market doesnt mean alot when its coupled with double digit annual inflation.

Id like to see some stock picks rather than flaming about indexes going higher.

You are flaming about a market thats still half what it was in 2000 (nasdaq), s/p (has alot to do with oil/energy stocks) thats just now catching up with what it was 7 years ago, and a dow jones that includes 30 stocks.

Weigh it vs inflation and the dollar collapse and what has it really done?

WOOF not meaning to flame...You already know I don't own many individual stocks as I am heavily invested in the Dodge & Cox funds....which have continued to post 15-20% gains and pay High div's...Also I am heavy into Vanguard Emerging markets which I bought around 11.35 a share and are now at 27-28 bucks....And YOU have reccomended SSRI which I got in around 29-30 and it stands at around 38 now......HERE'S one that I like CHT(chinese Telecom) 19.....company has many plans to team up with verizon and bring faster net to the east....Just my opinions....but I see your point about inflation I just don't see how the market continues to climb to all time highs week in and week out, when IMO it should be dropping like a rock......so as I've stated before I continue to take profits and will continue to do so....Also I have been buying up some foreign currencies as I think our dollar is fried...Tha xas always your thoughts are greatly appreciated

 

[Dawoofdaddy]

WOOF not meaning to flame...You already know I don't own many individual stocks as I am heavily invested in the Dodge & Cox funds....which have continued to post 15-20% gains and pay High div's...Also I am heavy into Vanguard Emerging markets which I bought around 11.35 a share and are now at 27-28 bucks....And YOU have reccomended SSRI which I got in around 29-30 and it stands at around 38 now......HERE'S one that I like CHT(chinese Telecom) 19.....company has many plans to team up with verizon and bring faster net to the east....Just my opinions....but I see your point about inflation I just don't see how the market continues to climb to all time highs week in and week out, when IMO it should be dropping like a rock......so as I've stated before I continue to take profits and will continue to do so....Also I have been buying up some foreign currencies as I think our dollar is fried...Tha xas always your thoughts are greatly appreciated

Ok, there is no point going back and forth about this, but reading what you have posted Ill reply with this:

I have no idea the composition of Dodge & Cox funds. The dow jones is only 30 stocks, so Im sure they own other things.

Also, what I do see is you have made some gains via overseas emerging markets, so why are you boasting about the dow jones? The US market has been among the weakest markets the last several years.

Again, opinions are like you know what. Too much vague thinking has cost more stock market gamblers (call it investing if you choose), so unless you are managing your own money, leave the thinking for those that do.

Relatively weighed to the real inflation data, the US market is NOT rising. Again, you state that I(your)YO, the market should be dropping like a rock. The market does not give a damn what you or anyone else thinks or any of our opinions.

Yes, nominally speaking, people recently in us blue chips have made some money. However, the past 7-10 years relatively weighed vs. inflation, vs most markets in the world, vs most commodities, the US major stock has been lagging.

Not sure you and I are debating similar points and hope this post helps to clarify.

Im glad to see you and everyone else posting in this forum as reading other peoples thoughts helps.

I do believe you would benefit from a greater understanding of inflation and using it to relatively weigh it vs. your investment returns.

Good luck with whatever investments you choose to own.

 

[Karl_bennt]

Dow Jones consists of money that does not exist, easy as that.

 

[SteamDaddy]

For months I have wondered why this market continues to climb?? I STILL have no idea as to why...I thought the correction in March was much needed and warranted......As of Jan 30th I had removed about 30% of my portfolio and diversified into various other implements......If anyone has a valid reason please post.....Otherwise let's continue to make money in this outrageous market and I'll look for answers later!!!

Just remember to ALWAYS take some profits off the table.......

Actually the Dow is doing very poorly over the past several years.

It is down big against gold, silver, oil, Euros, CND, copper, industrial metals, food, etc.

Adjusted for inflation (the bogus numbers reported to us), the Dow is actually below the VALUE established back in the year 2000. The Dow would need to exceed about 14,500 just to break even.

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o>Every currency in the world is about to move up versus the dollar. It is plain to see the dollar is headed lower. It is planned by the ruling elites to bankrupt the dollar and distroy America. </o><o>I wish it was different, but I'm afraid it is only a matter of time. The pretty men on FOX, CNN and like will tell you everything is fine and mislead you by repeating the Dow is at a record high. They are either morons or deliberately lying to you. Bernake will drop trillions from helicoptor</o><o>s </o><o>to try and </o><o>keep the scam going a year or two longer if he can and </o>
<o>suck more in and make the pain worse when the bubble bursts.</o>
<o></o>
<o>Household deficit is at an alltime high and headed straight down. The ARM (Adj Rate Mortgage) </o><o>schedule will be at its alltime high (esp subprime) from now </o><o>u</o><o>ntill next Feb and remain high for the next 5 years. With higher interest rates, a collasping dollar, worsening economy, this spells disaster for the housing market and American and wo</o><o>rld </o><o>wi</o><o>de economies has a whole.</o>
<o></o>
<o>Thats the good news, </o><o>now for the bad....</o>
<o></o>
<o></o><o>On May 9, 2007, y</o><o>our president signed a National Security Presidential Directive – an unconstitutional piece of paper – which gave to himself the powers of total dictatorship over the entire nation (NSPD-51) and CONgress has no say so whatsoever. He now has the power to declare himself a dictator in control of all aspects of military, food, utilities, roads, internet</o><o>, state and local governments under any situation that he sees as an emergency.</o>
<o></o>
<o>This </o><o>is most likely </o><o>a plan to induce Martial law by a false flag operation and install King George as dictator. Those who resist will be halled away to the FEMA work, detention and concentration camps.
</o><o> </o>