Posted on 11/05/2021 1:26:36 PM PDT by setter
I remember when it crashed down into the 7000's back in 2009 the pundits swore it would take 30 years to get back to it's 2008 level because massive amounts of people got burnt and they would never get back into the market.
So much for that.
The Dow is measured in US dollars and inflation is just getting started. It can go to 100,000 and leave with you with a lot less real value in your retirement accounts than you have today.
When Trump was elected (the first time) the Dow was about 18000 IIRC.
That’s exactly what yesterday’s main story on Zero Hedge said...it’s reflecting an increase in monetary supply.
Contrarian sell signal
The VXX hit a 52 week low today.
I cannot imagine a straight shot up another 10% without a pullback.
Forty five years ago I was told when it gets too easy, look out!
all that trillions in printed money has to go somewhere.
ain’t worth a plugged nickel in 1960 money.
Exactly right. The Dow did quite well under the hyperinflation and unemployment of the Jimbo Carter administration. You can look it up.
That’s true, my account gained a goodly amount the last few days... if that keeps up it might keep pace with BidenFlation.
The numbers must be adjusted for inflation. Since the gubmint started giving out free dollars, the dollar doesn’t buy what it used to.
Well you can’t put your money in ANY bonds.
“Contrarian sell signal”
Agreed. Anyone who’s putting new money into the market at this point is crazy. To me this feels a lot like ‘99-’00, where it wasn’t unusual for the Sun Microsystems, the Yahoos etc to be putting up the kind of daily gains we’re seeing now from Nvidia, Tesla, etc., hell even Costco!
I’m not really selling yet, but I’m tempted to take a fair amount off the table next week. The problems with selling: taxable capital gains and where to put the proceeds. Cash is trash at the moment, as inflation means real interest rates negative. And real estate? Also in ridiculous bubble territory.
Not exactly. The DJIA was at about $4,500 when Carter took office in January 1977. It was below $3,100 when he left in January 1981.
*Well you can’t put your money in ANY bonds.*
Say me why.
Not my line.
Investing in U.S. Treasury bills paying 1.6% when the REPORTED inflation rate is 5% or higher (which means the actual rate is even higher than that) is one of the dumbest investments an ordinary American investor can make.
“The Dow is measured in US dollars and inflation is just getting started. It can go to 100,000 and leave with you with a lot less real value in your retirement accounts than you have today. “
My mutual funds are way outperforming the inflation numbers.
Real estate is actually nowhere close to its all time high - measured in gold, or oil, or against a basket of commodities. It only looks overpriced in US dollars. Watch Jason Hartman on YouTube for a full explanation. Because of its tax-advantaged status, residential rental real estate is the best option investors have left - at least until the Biden Administration starts taking those advantages away.
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