DOW PASSES ALL-TIME HIGH [Closes under 5 points off record]

Yahoo Finance ^ | Sept 28, 2006 | RobFromGa

[RobFromGa]

Previous high 11,722.98 in January 2000

At 9:39AM ET: 11,724.46 35.22 (0.30%)

[Coldwater Creek]

Economy is in the dumper!!!!!

[SmithL]

Missed it by thaaaaaaaaaaaaaaaaaat much.

[RobFromGa]

LOL!

[stultorum]

"Check out the history of the Dodge and Cox balanced fund"

Thanks, I will, seriously.

[dinoparty]

This has always been the case and always will be. I guarantee you, however, that in terms of real standard of living, middle and lower class people are doing better now than they have in history.

[Coldwater Creek]

Poor is a state of mind.

[Grampa Dave]

The Dow may be at the same level it was seven years ago, but the health of the economy is totally different now. In the late 90's the markets seemed to completely ignore corporate profits and focus on things like inflation and the Nasdaq bubble drove the Dow. Many Dow components were trading at 30 to 40+ times earnings then, today it is generally under 20, that is a huge difference.

The rats via Chris Dodd got a bill passed which enabled accounting whores/pimps like Arthur Andersen to bs investors on what was really happening to the bottom lines of many corporations.

That enabled Enron and hundreds of left wing corporations like the Ny Slimes to lie, spin and do anything they wanted to do with their books.

Greenspam knew this was happening and so did a lot of us. In 1999 early 2000 I sold most of our mutual funds in our IRAs and my wife's 401k. Then, I had moved most of our capital investments to ETFs with sell orders recalculated every week. The rest went into bond funds and Fido Money funds.

Those ETF sell orders saved our bacon in May 2000 when the Clinton/Arthur Andersen Bubble broke, and the recession began. We were on vacation for a little over 2 weeks and lost about 8% across the board (my weekly calculation re auto sell orders were based at 92% of the ETF's at close each Friday. We actually were ahead of the game ytd when the auto sell orders hit and ended up with a nice gain in our IRAs. My wife's 401k had been switched to mainly Bond Funds and the money market by April 2000.

We got back into the mutual funds and ETFs after 9/11, and we converted my Wife's 401K to about 90% capital mutual funds. She increased her monthly and yearly 401 contributions to the new maxs.

[TampaDude]

We've got a lot of day yet! We did go above the previous high close though, and we haven't been there for almost 7 years! I'm bullish on the next four to five years in the stock market. I'm waiting for the next buying opportunity to get fully in...

So...if you're a person who just sold off a bunch of real estate late last year for a hefty profit, and have just over $10 million in cash on the sidelines, where would you put it, and when?

[phelix]

To belittle the fact that lower and lower-middle class people are having a hard time is foolish and arrogant. The economy is doing well, but certain people in it are not. Ignore them at your peril.

What does celebrating success have to do with belittling people? That's a lot like scolding someone for being happy about a good check-up at the doctor's office...how DARE you feel good about your health when other people are sick. I guess we should all stay full of gloom and doom since everything in the world is not perfect.

[Coldwater Creek]

The thing about Walmart is that a person cannot tell the poor from the rich.

[BJClinton]

And yet a mojority of working "poor" people in America have cell phones, large TVs, computers, cable and..oh yeah, own homes.

And then there's the obesity problem with poor people. Freund, they ain't goin' without.

[RobFromGa]

I would put however much I needed to fund my desired lifestyle for the rest of my life in something safe, like US T-bonds, and the rest I'd...

Half, I would buy stocks that are going to go up a lot, and I would buy them at their lowest prices. I think the general stock market should be good the next seven or so years...

The other half, I would buy retirement/vacation real estate with lakes and mountain views, not too far from hospitals and civilization, and wait for the boomers to retire in droves...

[Reagan is King]

Wait for the obligatory pullback and then it's buy time.

[Centurion2000]

Man, that bad economy must really be making things too weird. ;)

[FreedomNeocon]

[pepperdog]

I know about these people and I know, pretty much, what their problem is. People who refuse to conform to what the employer wants in an employee will always find it hard to find jobs. I have two in my family, one absolutely refuses to improve education or even seek a better paying job which might require harder work. The other refuses to change appearance altho the appearance is very off putting to employers. I guess the unemployable and working poor will always be with us.

[Coldwater Creek]

And most of the working poor are "driving" themselves into poverty with a high priced vehicle, also smoking and beer take up a large amount of their disposable income.

[wagglebee]

I remember back in 2001 or 2002, the Commerce Department restated a lot of economic data from the late 90's; however, this was entirely ignored by the media. Basically, the Clintonistas did the exact same thing to the American people that Enron and others did to their investors. The Clinton economy was one of the biggest shams in history and the media conspired with them on it.

[Toddsterpatriot]

It will be back to $2.60 soon because of the idiot oil traders. They should be shot.

Da comrade, we must kill the greedy kulaks.

[massgopguy]

401k's are showing a gain of 13.5% for the year.