I almost hate to keep pointing out your errors, but gold is up less than 20% this year.
Tell me what stocks have done.
Well, my Altria (Philip Morris) is up about 24%. And it paid another 5% in dividends. What was gold's dividend again?
Posted on 12/27/2005 6:20:46 AM PST by hubbubhubbub
Do not forget to add to this that the factor changes as well. 50 years ago a $1 move in any DOW stock equated to a $1 move in the Dow. Over time that factor has changed so that a .25 move in any Dow stock produces a $1 move in the Dow. If the factor never changed the Dow would be between 1,100 and 1,300
Wrong. If you follow the link in post #65 you'd see that housing is only $10.9 trillion, up $3.6 trillion since 2001, of our $51 trillion in net worth, up $10.4 trillion since 2001.
Not to boot that the savings rate is at an all-time low for the people with the highest net worth.
Savings rate statistics are a joke. They don't count capital gains on the plus side, but count capital gains taxes paid as a negative. They also don't count 401k or IRA contributions as savings.
You don't understand the DJIA. Why am I not surprised? They need to change the divisor every time a stock split otherwise the index would drop just because there are twice as many shares at half the price.
The Dow Jones averages are computed by summing the prices of the stocks in the average and then dividing by a constant called the "divisor". The divisor for the Dow Jones Industrial Average (DJIA) is adjusted periodically to reflect splits in the stocks making up the average. The divisor was originally 30 but has been reduced over the years to a value far less than one. The current value of the divisor is about 0.135; the precise value is published in the Wall Street Journal and Barron's (also see the links at the bottom of this article).
It was at $497 just before Christmas, fell back from $530 or so, according to the commodity prices listed in my local daily. Can't speak for today, but that was the case recently.
Yeah right. This IDIOTIC and JUNVENILE nonsense is not worthy to wipe my butt with. Any source that compared our economy to the 'Hindenburg' and refers to Alan Greenspan as 'Greenbackspan' is a joke. These guys have been calling for the collasps of our economy for the past 4 years. When the stock market dropped to 7500 a couple years back, they were comparing it to the 1930's and telling us the DOW is headed below 5000. I laughed and told them it was going near 10,000 by years end, and it did. Financial Nonsense is nothing by a bunch of tin-foil hat junveniles who sell nothing but fear. If you want to follow what these idiots as gospel, you go right ahead. But it is your intelligence which is in question, not mine.
I'm still waiting for you to utter something intelligent.
Grow up you clown.
One heck of a refute. Typical jevenile mentality.
How would you know if I did? Would your keepers tell you? The daynurse perhaps?
I was reading an article in the WSJ about the bond market and the effect that the drop in the 10 year rate to below the two year rate, had on the stock market. I don't know much about economics, but it sounded so contrived that I am sure some Democrat had a hand in spreading the rumor.
Perhaps babysitter. He acts like a 13-year old.
I suspect he's a ward of the state in one capacity or another.
I am at post 22 and you are doing your "GO PAT GO" rendition. I wonder how many posts I have to go before someone starts blaming the Mexicans for devaluing our "way of life".????
Simple answer. We use them to buy nukes and troop carriers, and then the oil providers will accept it again. See how easy that is?
I traded in the spooz pit when you could SCALP one point moves (not many times, but they existed). A ten point move, especially now that the points themselves are way less than they used to be in terms both of percentage (not much you can do about that!) and in terms of dollar value, is not exactly a cry for mommy. And such a BIG move when almost every trader with any money is out of the markets???? Crap.
These are the times when the bank of Malaysia used to come in and throw their weight around in the stock and currency mkts, (before they decided they could back down the entire interbank market with their precious ringitt), because they knew none of the big boys are playing and they could swing it. Ain't nobody home, and moves don't mean anything this time of year, and anyone who knows anything knows that.
I miss the limit down days on the noodles...limit down shut down -65...
Free fall baby...big red sticks...
Ripping through ticks like a runaway freight train...
What a rush...
It was net down about 13 yest, but what was killer is that it was plus 5 or 6 and then just went into free fall...
I have been short for the last two weeks or so just riding out the chop...so it was fun to watch the open position counter spinning up like the national deficit...LOL
Today was as expected ...narrow range chop fed up by cranks and makers...
Still short a boat load...
Tell me what stocks have done.
I am also long TRE at .84, closed above $6.00 yesterday. But, hey! gold is a relic for making jewlery.
Whatever makes you feel good, Toddster!
I almost hate to keep pointing out your errors, but gold is up less than 20% this year.
Tell me what stocks have done.
Well, my Altria (Philip Morris) is up about 24%. And it paid another 5% in dividends. What was gold's dividend again?
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