ECON Dow in Striking Distance of 20K

Lurker

Lurker

14
I love it. A bad jobs report and they'll push it up just to say they were there when it hit 20K. Or is that 20M? :D :p


Wonder if they're going to want to be there when it falls.... :eek:

Biggest thing about this run up; every peak has a down slope.
 
H

Housecarl

On TB every waking moment
Lurker said:
I love it. A bad jobs report and they'll push it up just to say they were there when it hit 20K. Or is that 20M? :D :p


Wonder if they're going to want to be there when it falls.... :eek:

Biggest thing about this run up; every peak has a down slope.
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A little earlier it came within one point of 20K...

Yeah, when the down slope does happen, things are definitely going to be "interesting".....
 
B

Ben Sunday

Deceased
My opinion: a 20K Dow is an entirely unsupported and unrealistic peg made by those who shape, theorize and otherwise control the markets. Unemployment is still high. Oil and energy prices are quickly moving higher. The social and cultural framework of the nation is tattered and worn which makes it vulnerable to unrest and upheaval.

I recall being in the market about 35 years ago when a P/E ratio exceeding 10 was considered highly speculative. Now? Sheesh!

When the plunge begins I will be watching. Not until.
 
H

Housecarl

On TB every waking moment
Ben Sunday said:
My opinion: a 20K Dow is an entirely unsupported and unrealistic peg made by those who shape, theorize and otherwise control the markets. Unemployment is still high. Oil and energy prices are quickly moving higher. The social and cultural framework of the nation is tattered and worn which makes it vulnerable to unrest and upheaval.

I recall being in the market about 35 years ago when a P/E ratio exceeding 10 was considered highly speculative. Now? Sheesh!

When the plunge begins I will be watching. Not until.
Click to expand...

Yeah. If it does breech 20K, it will be interesting how long it stays there, moves higher or drops...

Back to 19,992.08....
 
Lurker

Lurker

14
It's flirting with 20 but having a hard time getting those final points. I'm guessing the last 30 minutes of the session will put it over the top.
 
Lurker

Lurker

14
Anyone recall LAST January? When the markets were tanking hard and it was predicted that market doom would be on the table for the rest of the year. Guess not.
 
Ravekid

Ravekid

Veteran Member
dogmanan said:
Hurry and cash out your 4 o 1 kays before it falls.
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I definitely would be moving out of stocks, so long as I haven't been buying at these record high levels. Those who have made some money need to take their gains while they can. Lots of somewhat safer bond funds paying upwards of 2-3% if one just has to be in the market of something. Being more conservative I've been putting our stuff in the bond funds recently. Granted we've missed the opportunity for some gains, but the market can tank by thousands in mere days if something big happens. I know they have a daily cap and freeze everything, but when the open in the future, it will just go down even more. After having a newer home built, we now have debt. Until we are debt free and have significant savings to cover us for a year or two of job losses I just don't want to risk the money in stocks. High stock REITs are already down because there is this belief that interest rates are going to rise. Stock dividends won't be worth the risk if interest rates on CDs and government bonds rises to 5% or so.
 
T

tanstaafl

Has No Life - Lives on TB
Focus too much on the Dow and you missed that the S&P 500 set a new all-time closing high and the Nasdaq set a recent history closing high.
 
AlaskaSue

AlaskaSue

North to the Future
Very interesting to see this ... my sons and I started watching the DJIA for fun back in 1991, and watched it tick over to 3000. Never in a million years would we have guessed we'd be flirting with 20K just 26 years later.
 
I

imaginative

keep your eye on the ball
AlaskaSue said:
Very interesting to see this ... my sons and I started watching the DJIA for fun back in 1991, and watched it tick over to 3000. Never in a million years would we have guessed we'd be flirting with 20K just 26 years later.
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Wow- that was way back in the "irrational exuberance" days!
 
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