Posted on 09/28/2006 6:40:01 AM PDT by RobFromGa
Previous high 11,722.98 in January 2000
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.
Twas ever thus.
We're Doomed!
Doomed!
You have described one of the biggest stories buried by the left haters of America, the Mediots of the MSN.
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 ;)
It would be under 1,000.
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
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.
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.
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...
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.
Another miserable situation for the democrats.
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.
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..
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.
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.
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.