Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dow: Best winning streak since '55 (Hits another record, capping best stretch of gains in 52 years)
CNN/Money ^ | May 2, 2007 | Alexandra Twin and David Ellis

Posted on 05/02/2007 2:51:11 PM PDT by RWR8189

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-31 last
To: RWR8189

“Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929

Those who forget history are doomed to repeat it.


21 posted on 05/02/2007 4:01:20 PM PDT by nomadicone
[ Post Reply | Private Reply | To 1 | View Replies]

To: nomadicone
You mean like this?

...we only need about 10% annual compound growth in equities over the next decade to bring a 30,000 Dow within easy reach. We do a little better, and Dow 40,000 isn't out of the question, he reasons.

By Hal Plotkin
CNBC.com Silicon Valley Correspondent

Jan 23, 2001 06:22 PM

22 posted on 05/02/2007 4:37:40 PM PDT by 3niner (War is one game where the home team always loses.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: 3niner

It’s a function of expectations. Nothing (Iran War called off because SA bought off the USSR) got in the way of people investing according to a tried and true formula. We are in the second term of a two term president in a decade with an election in 04 and 08. Yep the Fed does no harm until politics are decided. Then you can expect the Fed with the full support of the newly elected President to do their worst. No political fallout from crushing us in the first 2 years of a new president’s term.


23 posted on 05/02/2007 4:41:59 PM PDT by kinghorse (I didn't question Nancy's patriotism. I questioned her judgment - Dick Cheney 2007)
[ Post Reply | Private Reply | To 22 | View Replies]

To: 3niner

If the Dow hits 30,000 that’ll mean there’s a Home Depot in my garage and Mcdonalds kiosks in my kitchen. In my bathroom, a Weyland-Yutani Model T3000 robotic Sheryl Crow TP attendant. It’s the future baby.


24 posted on 05/02/2007 4:48:16 PM PDT by kinghorse (I didn't question Nancy's patriotism. I questioned her judgment - Dick Cheney 2007)
[ Post Reply | Private Reply | To 22 | View Replies]

To: kinghorse

If the stock market does end up crashing, I want it to be during Hillary’s first term.

I would like to see her spin her way out of that!


25 posted on 05/02/2007 4:51:55 PM PDT by Deo volente (Thanks, Mr. President, for the tax cuts on dividends and capital gains!)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Deo volente

She wouldn’t have to.

The drive bys will still have BDS. They will find a way to blame it on the unsustainable policies of George W. Bush’s tax cuts.

They’ll cover her ass. Hmm. Poor choice of words.


26 posted on 05/02/2007 5:20:03 PM PDT by rom (17" MacBook Pro. 30" Cinema Display. 1 Happy Programmer.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: RWR8189

when I said 25k, I didn’t mean this month.


27 posted on 05/02/2007 5:26:40 PM PDT by the invisib1e hand (Thank you St. Jude.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 3niner

Wow. I can’t imagine what the price of gas would be if the dow hits 30,000. Scary times that would be! Inflation Hell!


28 posted on 05/02/2007 5:40:11 PM PDT by nomadicone
[ Post Reply | Private Reply | To 22 | View Replies]

To: Argus

That’s what happens when you play the options game and bet against the stock.


29 posted on 05/02/2007 5:54:27 PM PDT by DrGunsforHands
[ Post Reply | Private Reply | To 17 | View Replies]

To: RWR8189

It’s not Bush’s fault?


30 posted on 05/03/2007 8:24:42 AM PDT by Don Corleone (Leave the gun..take the cannoli)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DrDeb
Is hell freezing over — oops, I forgot, that would be impossible given our current problems with ‘global’ warming (gag)!

Hell freezing over is caused by global warming.

Everything is caused by global warming so says our leader L. Ron AlGore.

31 posted on 05/03/2007 8:26:35 AM PDT by NeoCaveman (A proud member of the Frederalist society.)
[ Post Reply | Private Reply | To 7 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-31 last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson