« previous next »
Pages: [1]   Go Down

Author Topic: DOW Breaks 11,000  (Read 431 times)

0 Members and 1 Guest are viewing this topic.

Offline teamnelson

  • Trade Count: (30)
  • Senior Member
  • *****
  • Posts: 4487
  • Gender: Male
DOW Breaks 11,000
« on: April 12, 2010, 01:22:18 PM »
"On the eve of earnings season, the bulls ended their long battle for Dow 11000 on Monday as the blue chips broke that psychological barrier amid high hopes for robust earnings and new details of a possible rescue for debt-ridden Greece."

Note, this is "psychological" based on "high hopes" and "possible rescue," neither of which is tangible. Think about it, our stock market is tied to debt in Greece (Isolationists take note.), and regulated by emotion. "Confidence" makes the numbers go up, while "fear" makes the numbers go down (as is guns & ammo). They don't have to even be based on real numbers - just "hope" in "possibilities."

So everyone just "hope" that things will "change" and it'll all be better!  ;D
Logged
held fast

Offline Old Fart

  • Intergalactic Moderator
  • Moderator
  • Trade Count: (77)
  • Senior Member
  • *****
  • Posts: 3851
  • Gender: Male
Re: DOW Breaks 11,000
« Reply #1 on: April 12, 2010, 04:42:40 PM »
Well they were predicting it.
Don't know if it's good news or bad anymore....... :P
Logged
"All my life I've had a bad case of the Fred's. Fredrick Vanderbilt taste on a Fred Sanford budget." CR
Lifetime/Endowment/Patron NRA Member.
Second Amendment Foundation, www.saf.org - Life Member

Offline myronman3

  • Moderator
  • GBO Supporter
  • Trade Count: (1)
  • Senior Member
  • *****
  • Posts: 4837
  • Gender: Male
Re: DOW Breaks 11,000
« Reply #2 on: April 12, 2010, 05:00:59 PM »
and in a day or two it will fall again.   
Logged

Offline Victor3

  • GBO Supporter
  • Trade Count: (22)
  • Senior Member
  • *****
  • Posts: 4241
Re: DOW Breaks 11,000
« Reply #3 on: April 13, 2010, 01:41:02 AM »
 On the bright side, during a period when many believe that paper = money, you have a window of opportunity to trade your paper for something of substance.
Logged
"It is a capital mistake to theorize before one has data. Insensibly, one begins to twist facts to suit theories, instead of theories to suit facts."

Sherlock Holmes

Offline billy_56081

  • GBO Supporter
  • Trade Count: (5)
  • Senior Member
  • *****
  • Posts: 8575
  • Gender: Male
Re: DOW Breaks 11,000
« Reply #4 on: April 13, 2010, 02:32:27 AM »
Well boys I think it's time to jump back out of the market and put her back in fixed interest.
Logged
99% of all Lawyers give the other 1% a bad name. What I find hilarious about this is they are such an arrogant bunch, that they all think they are in the 1%.

Offline myronman3

  • Moderator
  • GBO Supporter
  • Trade Count: (1)
  • Senior Member
  • *****
  • Posts: 4837
  • Gender: Male
Re: DOW Breaks 11,000
« Reply #5 on: April 13, 2010, 10:31:43 AM »
i am out and staying out until uncle barry is out of office. 
Logged

Offline MGMorden

  • Trade Count: (3)
  • Senior Member
  • *****
  • Posts: 2093
  • Gender: Male
Re: DOW Breaks 11,000
« Reply #6 on: April 13, 2010, 12:02:32 PM »
Heh - I'm hoping that the housing market won't bounce back QUITE yet.  I'm in the market and it's a heck of a time to be buying a house.  The one I'm looking at now last sold for $110,000 4 years ago.  That's before the last owner did a ton of renovations to the place which normally would have increased the value.  Current asking price is $60,000.  Just lemme lock in the payments before prices go back up please!!! :D
Logged

Offline gypsyman

  • Trade Count: (1)
  • Senior Member
  • *****
  • Posts: 4852
Re: DOW Breaks 11,000
« Reply #7 on: April 14, 2010, 02:52:11 AM »
Suckers market. Just trying to get new blood into it, before it heads back down again. gypsyman
Logged
We keep trying peace, it usually doesn't work!!Remember(12/7/41)(9/11/01) gypsyman
Pages: [1]   Go Up
« previous next »