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Dow Headed To 40,000
myself | 11/5/2021 | Setter

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.


TOPICS: Chit/Chat; History; Miscellaneous
KEYWORDS: dja; dow; inflation; markets; stockmarket
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What are your predictions? I do not know what to think anymore. Market always does well when dems are in power. I think we will have a 2000-3000 correction this year then 40,000 by end of 2022.
1 posted on 11/05/2021 1:26:36 PM PDT by setter
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To: setter

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.


2 posted on 11/05/2021 1:28:39 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: setter

When Trump was elected (the first time) the Dow was about 18000 IIRC.


3 posted on 11/05/2021 1:29:22 PM PDT by Magnum44 (...against all enemies, foreign and domestic...)
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To: Mr. Jeeves

That’s exactly what yesterday’s main story on Zero Hedge said...it’s reflecting an increase in monetary supply.


4 posted on 11/05/2021 1:30:20 PM PDT by packagingguy
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To: setter

Contrarian sell signal


5 posted on 11/05/2021 1:31:57 PM PDT by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: setter

The VXX hit a 52 week low today.

I cannot imagine a straight shot up another 10% without a pullback.


6 posted on 11/05/2021 1:34:19 PM PDT by Vermont Lt
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To: Eccl 10:2

Forty five years ago I was told when it gets too easy, look out!


7 posted on 11/05/2021 1:36:13 PM PDT by abb
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To: setter

all that trillions in printed money has to go somewhere.

ain’t worth a plugged nickel in 1960 money.


8 posted on 11/05/2021 1:36:23 PM PDT by dadfly
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To: Mr. Jeeves

Exactly right. The Dow did quite well under the hyperinflation and unemployment of the Jimbo Carter administration. You can look it up.


9 posted on 11/05/2021 1:40:25 PM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: Mr. Jeeves

That’s true, my account gained a goodly amount the last few days... if that keeps up it might keep pace with BidenFlation.


10 posted on 11/05/2021 1:40:31 PM PDT by Bobalu (Figure out what you like, learn enough to be dangerous, and then start fiddling around)
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To: setter

The numbers must be adjusted for inflation. Since the gubmint started giving out free dollars, the dollar doesn’t buy what it used to.


11 posted on 11/05/2021 1:41:05 PM PDT by I want the USA back (The left hates "Let's Go Brandon!" Plaster it all over. Shout it from the rooftops!)
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To: setter

Well you can’t put your money in ANY bonds.


12 posted on 11/05/2021 1:43:04 PM PDT by cookcounty (Susan Rice: G Gordon Liddy times 10.)
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To: Eccl 10:2

“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.


13 posted on 11/05/2021 1:44:23 PM PDT by irishjuggler
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To: Vigilanteman

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.


14 posted on 11/05/2021 1:44:29 PM PDT by Alberta's Child ("All lies and jest, ‘til a man hears what he wants to hear and disregards the rest.")
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To: irishjuggler

*Well you can’t put your money in ANY bonds.*

Say me why.


15 posted on 11/05/2021 1:45:14 PM PDT by DIRTYSECRET
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To: DIRTYSECRET

Not my line.


16 posted on 11/05/2021 1:45:45 PM PDT by irishjuggler
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To: irishjuggler
It's a great time for silver!


17 posted on 11/05/2021 1:47:49 PM PDT by Bobalu (Figure out what you like, learn enough to be dangerous, and then start fiddling around)
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To: DIRTYSECRET

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.


18 posted on 11/05/2021 1:48:08 PM PDT by Alberta's Child ("All lies and jest, ‘til a man hears what he wants to hear and disregards the rest.")
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To: Mr. Jeeves

“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.


19 posted on 11/05/2021 1:49:35 PM PDT by setter
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To: irishjuggler
And real estate? Also in ridiculous bubble territory.

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.

20 posted on 11/05/2021 1:50:55 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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