Posted on 10/24/2006 8:43:19 AM PDT by MooseMan
How did you manage that? The Dow went from around 3500 to 10600. That's roughly 15% per year for 8 years. If we'd kept growing at that rate the Dow would now be over 20,000. Instead, it's averaged under 3% per year. And the NASDAQ still isn't back even with the 2800 it was in Jan 2001.
Besides, what does the President have to do with the stock market?
"And the NASDAQ still isn't back even with the 2800 it was in Jan 2001."
Yes, and we have no tech bubble, no worthless companies making 18 year-olds overnight Billionaires, and once again the markets are propelled by profits and market positions.
Sorry, no one will buy into 'toon's faux economy. My assets have quadrupled since President Bush came into office. I struggled during 'toons debacle.
LLS
I don't know which is more impressive:
1) quadrupling your assets when the markets go up only 12% or
2) losing money when the stock market goes up 300%.
Congrats on your new-found investment savvy. Perhaps you'll share some stock tips with us some day.
You act like my situation is unusual. It is not. I don't even know where to begin. Find a trusworthy financial advisor with a company such as Merril Lynch, buy the right stocks and funds, find investments that pay dividends, buy quality and don't sell on a downturn.
LLS
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