Posted on 09/28/2006 6:40:01 AM PDT by RobFromGa
Previous high 11,722.98 in January 2000
Yeah a rallying cry. A recruiting tool.
Worst terrorist attack and natural disaster on American soil and the dow still hits an all time high. GW must be doing something right. Go GW!
There's more to life than the Dow Jones Average. I was diversified in the 90s with a mix of growth and income producing securities. I didn't get the big run up, but I didn't get screwed out of my nut when it crashed. Now I'm poised to enjoy the fruits of a bull market. Go Dow Go!
Around here, we call those people LAZY! (or European).
Even our mexican problem is far more about security than it is about economics.
And just when and where was that not true? Sheeze, talk about finding a dark lining behind every silver cloud!
If nothing else, this new high water mark should provide a psychological boost to investors and help raise the level of confidence in the overall economy that is needed to keep the ball rolling. And a stronger, healthier economy will alleviate much of the poverty you're concerned about. Don't forget the old saying, "a rising tide lifts all ships".
Isnt that an insult to sixth grade public education everywhere?
October will probably have a lot of "back and forth" leading up to the elections. Depending on how the election goes, November and December could get "interesting." As long as the GOP retains at least one house of Congress, it will be okay, if the 'Rats get both it could get ugly.
Bush's fault.
If Carter had been president during 9/11, we would probably all be dead now.
That won't happen.
"Tomorrow is the last day of the quarter (and of the fiscal year for some), it wouldn't shock me to see a pull-back of a couple hundred points between today and tomorrow as traders try to lock in profits. Don't get me wrong, I still think we are going to see the Dow in record territory, but it will probably be a few weeks away."
George $oreA$$ and his anti American hedge fund gnomes will invest a lot of hedge monies to keep the Dow below 12,000 before the November Elections. They will try to prime the oil futures market as well.
Left wing mutual fund managers will help to keep the Dow below 12,000.
If we maintain our control of Congress, the Dow should be past 12,000 before the end of the year. It will pull the other indexes with it.
One way we can help counter the fortunes of $oreA$$, Burkle and other left wing billionaires is to buy some DIA, the ETF fund for the Dow. I will be doing that on the next short term dip. Which will probably come next week after this quarter ends.
As long as a person is of average intelligence, they can succeed in this country AS LONG AS THEY ARE WILLING TO WORK. I'm not saying everyone can become rich (although most can if they really work hard), but a comfortable middle class lifestyle (i.e. two cars, a nice home, money in the bank) is well within reach of almost every American.
Of course it's never been that way in Europe, and that is why so many Europeans have been coming to America for the past 500 years. It's not by accident that you never hear about "the European dream."
No ignoring the lower income people. But there are far more factors involved in the "having a hard time" equation. People want more, and more is considered "basic needs" than years ago.
I know some people who live well with significantly lower than "poverty" income. They just don't focus on what they don't have, and they prioritize their spending on true necessities. And those same-said people are also regular givers to charity and the church.
I also know people with a respectable income who are "having a hard time" because their income just doesn't match their "wants".
And at a time when unemployment is amazingly low, and the economy overall is growing, the number of people who are "having a hard time" because of the economy are dropping.
At some point, people have to realize that what they are doing isn't cutting it, and must move on to something more productive.
And society will always have a certain percentage of people who just cannot or will not support themselves. But where do you think the money comes from to help those people? The economy.
Well, that didn't last long now, did it?
I have some money that I need to put somewhere by the end of the year, I will probably put about half of it in the market next week and the rest after Election Day.
I half a feeling that Soreass may have lost a ton of money lately on the drop in oil prices. I always thought it was funny that nobody in the media EVER suggested that there was a "bubble" in oil and fuel prices and that it was just as likely to burst as any other bubble.
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...
Me too.
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.