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Ponce
Penny Hoarding Member
Cuba
630 Posts |
 Posted - 09/11/2009 : 20:08:16
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On Sep 11 2001 the stock market was at 9,605
On Sep 11 2009 the stock market is at 9,605
Will it now go down once again???
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"If you don't hold it, you don't own it"...Ponce |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 09/11/2009 : 20:16:29
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Yes, down then up then down then ............ My humble opinion on the stock market is that it is the only (inflation resistant) invesment, other than realestate, that most people can relate too. So if bonds look bad then stock must look good.......right?  Until people realize that it is a whole new ballgame during the 21st century they will feel they really haven't a good alternative than stocks to fall back on.........other than realestate that is.  |
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Think positive. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 09/11/2009 : 20:26:57
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| interesting!!! |
You don't have to be the BEST you just have to be.......SLICK
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 09/11/2009 : 21:58:53
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quote:
Originally posted by Ponce
On Sep 11 2001 the stock market was at 9,605
On Sep 11 2009 the stock market is at 9,605
Will it now go down once again???
WOW! Coincidence or conspiracy!?! Or just chance..?
I was just talking with one of the attorneys I work for the other day, and we discussed the DJIA. The thing is, it is not a valid reflection of the state of the economy. On average over the past 10+ years, 11% of the companies that comprise the DJ change each year. Losers are dropped, and up-and-coming companies are added. Example GM.
I read somewhere several months ago that if IBM stock were to go to zero, the DOW would drop 600 points, but if the five largest DOW traded banks went to zero, the DOW would only drop 300 points. Those banks represent (or used to anyway), far more "value" than IBM, but because of the way they are weighted, IBM gets a bigger share of the average.....go figure.
Personally, I'm done investing in the casino they call "the market", forever. If I don't know the person I'm investing in, or I can't hold it in my hands, their not getting scratch from me.
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Edited by - Delawhere Jack on 09/11/2009 21:59:43 |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 09/12/2009 : 00:30:57
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I for one have never invested in the market....
My philosophy when it comes to money is..."If you don't hold it, you don't own it"... Ponce
I always invested in myself even when I was earning $2.25 per hour back in 66......and now I am sitting pretty and secured. |
"If you don't hold it, you don't own it"...Ponce |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 09/12/2009 : 08:15:59
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quote:
Originally posted by Ponce
On Sep 11 2001 the stock market was at 9,605
On Sep 11 2009 the stock market is at 9,605
Will it now go down once again???
Stock Market Coincidence...
The same thing could be said for the SP 500 low in March- 666... |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Stock Market Coincidence........
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