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11-06-2009, 08:09 PM
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#1 (permalink)
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 25,000+ posts
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 #1 Kalin Lucas
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Do people still believe the Dow somehow parallels the shape of the economy?
I'd say that theory has pretty much been blown to bits over the course of the last 8 months.
__________________
GOD BLESS ERNIE HARWELL.
Quote:
Originally Posted by WBill@
Lots of folks that ridicule the idea of moral victories, don't take the same approach with real wins.
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11-07-2009, 01:19 AM
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#2 (permalink)
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Banned
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Location: Boo Hoo Land, where the little brats go crying to Big Daddy when the mean man hurts their feelings
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The DJIA is one indicator among many which reflects certain aspects of the economy.
It is the closest thing to a daily economic indicator -- other indicators do not exhibit numerical changes on a daily basis.
It ain't a good thing when the Dow loses 100 points a day for 2 straight months.
 
While the DJIA nosing back over 10,000 does not mean everything is hunky-dory, it may mean things are somewhat improved.
"Somewhat improved" is an upgrade over the "uncontrollable power-dive" we had a year or so ago.
Last edited by IGGcitable; 11-07-2009 at 01:24 AM.
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11-07-2009, 02:42 PM
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#3 (permalink)
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Sparty
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THREE - TWO - ONE - BECK! COME ON, FOLLOW ME!
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11-07-2009, 03:12 PM
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#4 (permalink)
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 1,000+ posts
Join Date: Apr 2003
Location: Yuma Michigan
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Only a fool thinks there is a relationship anymore.
Playing the numbers is more legit than Wall Street.
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11-08-2009, 10:33 AM
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#5 (permalink)
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Walk-On
 500+ posts |
Quote:
Originally Posted by Tree Rat
Only a fool thinks there is a relationship anymore.
Playing the numbers is more legit than Wall Street.
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 QFT
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11-09-2009, 04:04 PM
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#6 (permalink)
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Join Date: Nov 2001
Location: Chicago
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Today the run continues as the $USD falls.
First - To say this rally has no volume is an understatement.
Second - Perhaps the Dow will be 100,000 soon, but so will 1 ounce of gold. The $USD will be worth nothing.
Second,
__________________
"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
www.usdebtclock.org
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11-11-2009, 10:00 AM
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#7 (permalink)
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Join Date: Nov 2001
Location: Chicago
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The $USD Carry Trade:
Since the March 2009 lows. Near perfect correlation between a rising stock market and weakening $USD. If the stock market hits all-time highs, expect oil to be north of $300 a barrel and gold to be near $3000. The stock markets(SPX at 150 p/e) has nothing to do with an economic upturn. This won't work to get the economy going. strong economies have strong currencies.
__________________
"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
www.usdebtclock.org
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11-11-2009, 10:36 AM
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#8 (permalink)
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Walk-On
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#8 Kirk Cousins
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Quote:
Originally Posted by ChicagoMark
Today the run continues as the $USD falls.
First - To say this rally has no volume is an understatement.
Second - Perhaps the Dow will be 100,000 soon, but so will 1 ounce of gold. The $USD will be worth nothing.
Second,
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C'mon the US is still the nicest house in a crappy neighborhood.
Quote:
Originally Posted by ChicagoMark
Since the March 2009 lows. Near perfect correlation between a rising stock market and weakening $USD. If the stock market hits all-time highs, expect oil to be north of $300 a barrel and gold to be near $3000. The stock markets(SPX at 150 p/e) has nothing to do with an economic upturn. This won't work to get the economy going. strong economies have strong currencies.
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 our gov't wants a weak U$D.
I hope Oil goes to $300 a barrel this would = alternative fuels
I hope the DOW goes to 100,000
I hope GOLD goes to 3000 an oz
This all works for me, plus I have enough of a backyard to grow veggies and raise chickens.
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