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DOW PASSES ALL-TIME HIGH [Closes under 5 points off record]
Yahoo Finance ^ | Sept 28, 2006 | RobFromGa

Posted on 09/28/2006 6:40:01 AM PDT by RobFromGa

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121 posted on 09/28/2006 8:26:25 AM PDT by RandallFlagg (Roll your own cigarettes! You'll save $$$ and smoke less!(Magnetic bumper stickers-click my name)
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To: FreedomNeocon
FYI.. the "90's economy" was an illusion. It was all about a WAAAAAY overvalued market, with soft and weak dotCom 'offerings' selling for insane prices without having a history, business plan or even product! To say nothing of all the book-cooking that was going on all over the place.

All those 'surpluses' were 10yr projections based on if 'everything continues as it is now, for the next 10 years'. A projection built on a bubble market just BEGGING to blow up.

Anyway, point is it was at this point 7yrs ago, but only as a 'bluff'. Now it is substantial, well reasoned gains.
122 posted on 09/28/2006 8:26:26 AM PDT by FreedomNeocon (Success is not final; Failure is not fatal; it is the courage to continue that counts -- Churchill)
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To: wagglebee

I just did my quarterly weeding of our mutual funds. We got rid of a lot that aren't outperforming the S&P 500 and the yearly interest rate on Fido's money fund.

My only capital investments will be the DIA ETF and SPY ETF next week after the quarterly drop. That will be first ETF investments since May of this year when auto sell orders saved our bacon again with $oreA$$ and MSM panic selling.

If we maintain control of Congress, I have a laundry list of at least 12 ETF funds to buy and about 6 mutual funds, we still have or don't have to buy or invest more money into.

The enemies of America will do anything to harm our economy and country to make the vote go to the Rats. Most elections where we will win, will be a rerun of the Goron's attempted coup in Floriduh after the November 2000 election.


123 posted on 09/28/2006 8:27:33 AM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic lies/wet dreams posing as news.)
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To: Einigkeit_Recht_Freiheit
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.

Twas ever thus.

124 posted on 09/28/2006 8:28:07 AM PDT by SuziQ
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To: RobFromGa

We're Doomed!

Doomed!


125 posted on 09/28/2006 8:28:36 AM PDT by Freedom4US (u)
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To: 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."

You have described one of the biggest stories buried by the left haters of America, the Mediots of the MSN.

126 posted on 09/28/2006 8:29:53 AM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic lies/wet dreams posing as news.)
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To: RobFromGa

I hope you're right. I'm a little worried about the U.S. Treasury spread. It had been showing an inverted yield curve, which points to a recession. Maybe it will hold off until December, 2008 ;)


127 posted on 09/28/2006 8:30:44 AM PDT by mywholebodyisaweapon
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To: BaBaStooey

It would be under 1,000.


128 posted on 09/28/2006 8:31:18 AM PDT by Scotsman will be Free
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To: Eagles Talon IV

Yes, that is a very good fund with a very reasonable expense ratio. Unfortunately, it's closed to new investors.

http://www.dodgeandcox.com/funds/balanced_fund.html


129 posted on 09/28/2006 8:33:11 AM PDT by headstamp (Nothing lasts forever, Unless it does.)
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To: RobFromGa
Still positive for the day, but barely...

At 11:32AM ET: 11,692.36 3.12 (0.03%)


130 posted on 09/28/2006 8:33:31 AM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: RobFromGa

For real estate close to the ocean, check out coastal Georgia. It is booming. We get very few hurricanes and it is generally not overrun by tourists like Florida. If you want to go inexpensive, check out McIntosh or Camden Counties on the mainland. Land on the islands is very expensive.


131 posted on 09/28/2006 8:34:47 AM PDT by GeorgefromGeorgia
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To: FreedomNeocon; wagglebee; george76; RobFromGa; Liz
FYI.. the "90's economy" was an illusion. It was all about a WAAAAAY overvalued market, with soft and weak dotCom 'offerings' selling for insane prices without having a history, business plan or even product! To say nothing of all the book-cooking that was going on all over the place.

All those 'surpluses' were 10yr projections based on if 'everything continues as it is now, for the next 10 years'. A projection built on a bubble market just BEGGING to blow up.

Anyway, point is it was at this point 7yrs ago, but only as a 'bluff'. Now it is substantial, well reasoned gains.

FreedomNeocon thanks for posting this excellent summary of the world of smoke and mirrors re our economy under the Clintoon Thugs. They handled our economy the same way they handled Islamofascist Terrorism.

132 posted on 09/28/2006 8:35:16 AM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic lies/wet dreams posing as news.)
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To: FreedomNeocon

And a lot of the tax surplus predictions were built on impossible capital gains growth projected into the future, as though the stock market could continue the staggering growth...


133 posted on 09/28/2006 8:35:51 AM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: Grampa Dave

I remember when Rubin talked about how they had "overcome the business cycle" and the media reported it as fact. I knew when Rubin resigned that he was trying to get out before the house of cards collapsed.

Back in 1999 and early 2000 when Time and Newsweek were running cover stories on how wonderful the stock market was and that you should just buy any stock with a dot.com after it and wait to get rich. They NEVER reported that many of these companies had ZERO revenue, ZERO profits and no business model that indicated that they would ever be profitable, yet everyone was encouraged to buy them.


134 posted on 09/28/2006 8:36:07 AM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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To: RobFromGa

Another miserable situation for the democrats.


135 posted on 09/28/2006 8:36:37 AM PDT by Preachin' (Enoch's testimony was that he pleased God: Why are we still here?)
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To: Toddsterpatriot; GodGunsGuts
we must kill the greedy kulaks

It's true. See what all this freedom is doing?! The government needs to put an end to all this trading. (unless I'm the one making the profit)

In other news, GGG, contrary to what the financial markets are telling us, is still claiming that the fundamentals prove that economic collapse is just around the corner.

136 posted on 09/28/2006 8:37:31 AM PDT by Mase
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To: Grampa Dave; 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."

Now that would be a story for a financial journalist to really dig their teeth into and do some reporting...Of course his career would be over but it would be a great book. It could be a bestseller..

137 posted on 09/28/2006 8:38:15 AM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: phelix

Germany has unemployement of 10% +. Their economy is growing at about a pitiful 2%. They are going to increase their value added tax a couple of points. That will doom their economic growth to the doldrums, at best. Of course he's a little green.


138 posted on 09/28/2006 8:38:18 AM PDT by Scotsman will be Free
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To: Einigkeit_Recht_Freiheit
The economy is doing well, but certain people in it are not. Ignore them at your peril.

You are correct...but this is always true no matter what the economy is doing or who is in charge. Would you rather have everyone doing poorly so no one is belittled?

Celebrate where celebration is due. Work harder where hard work is due.

139 posted on 09/28/2006 8:40:23 AM PDT by pollyannaish
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To: Grampa Dave

Back in the mid-90s a Worldcom (of Bernie Ebber fame) study showed different case scenarios for the growth of the internet. The absolute best case model had it doubling every six months or so, well there was a short period in the mid-90s where it did double that quickly and many just decided it would remain that way. Worldcom got in trouble because they based their growth and profit projections on this best case scenarios, so when the internet stopped growing and quickly and started leveling out they had to cook the books to meet projections.


140 posted on 09/28/2006 8:41:02 AM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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