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Comments
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stlcharcoal said:HeavyG said:fishlessman said:stlcharcoal said:TN_Egger said:DT loves to take credit for the surge, but the chart below says otherwise. When will it end???
Why is the spacing on that chart the way it is AFTER 2016?? The spacing between 20,000-26,000 (6000 difference) is the same as the spacing between 8000-1000 (2000 difference). They tightened it upt so it would make a nice straight line.
Here's one that actually show the trend line change angles in Nov 2016.
Can everyone just agree this is a GOOD thing?? Doesn't matter who the president is.
Now, of course, many wags are making quite a few predictions - 36K in the next two years, 40K by 2020, 50K by 2020. Who knows.
This guy seems to know tho:"However, Paul Mampilly’s “Dow 50,000” prediction is really catching eyes, and one should pay heed — considering his past predictions have been spot-on.
Mampilly was thrust into the limelight when the hedge fund he managed was named by Barron’s as one of the “World’s Best.” But he became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return … during the 2008 and 2009 economic crisis (without shorting stocks or making risky investments).
Right now, Mampilly says: “Stocks are on the cusp of an historic surge. They could easily hit 50,000. It will be a bull market run that will dwarf the tech boom of the ‘90s. I’ve never been more certain of anything in my career.”
Mampilly says “Dow 50,000” is all but set in stone. It doesn’t matter who wins the presidential election or what happens in the global economy. None of that matters."
***
Of course his prediction recognizes the general irrelevance of who the POTUS is at the moment.
If it turns out that instead of continuing our surge to 50K we may be starting a change in a natural business cycle and the Dow actually drops 10K or 20K by 2025 during The Donalds second term (yeah...as if that will be a thing ) will those who are giving The Donald the credit for the current surge blame him for the plummet?*
Whether the current surge is a good thing remains to be seen. Still seems pretty unclear whether this will benefit the broader society or just continue the trend of concentrating more wealth in the hands of the few.
*Trick question - obviously the answer is "Of course not, it's the dumbocrats fault".
“Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk -
I got a 1.9% cost of living raise approved by the Cheeto in Chief. Ill take itXL & MM BGE, 36" Blackstone - Newport News, VA
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@HeavyG - interesting analysis here:
https://www.washingtonpost.com/news/get-there/wp/2017/12/29/it-was-a-year-of-wins-for-investors-will-stocks-keep-climbing-in-2018/?hpid=hp_hp-top-table-main_markets-405pm:homepage/story&utm_term=.a34a6978a922
"I've made a note never to piss you two off." - Stike -
Not to rain on anybodies parade but I see ever increasing DOW averages as the ever decreasing value of the dollar. Borrow and spend gave way to print and spend with both parties. The question is can it last long enough for the increase in GDP to overtake the deficit. On the other hand in the paper today the unemployment rate is at a 17 year low mark. More people working means a lesser drain on government funded social programs. Deep thoughts when I have a prime Angus sirloin roast on the Egg.
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Gittin' there...
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Spend, spend, spend. For anyone who has never worked with/for the government, the amount of wasteful spending would blow your mind. Staggering amounts of money.
Don’t let them lie to you.XL & MM BGE, 36" Blackstone - Newport News, VA -
Gulfcoastguy said:More people working means a lesser drain on government funded social programs.I think it's time for another beer!
BGEing since 2003
2 Large BGEs
Sold small BGE, 3rd and 4th large BGEs and XL BGE (at wife's "request"....sad face)
Living the dream in Wisconsin -
Wow! And to think that I was just excited to think about closing the year at 25k. IMO, charts are simply charts and can manipulated to support any agenda. Hence why I always need to review the raw data and other stats before I buy into a chart much less draw a conclusion. Also, we are overdue for a correction and when it happens, who will take the blame for it? I would prefer to see a 3% correction with the market at 25k than at 19k. Lastly, let us not forget those that speculated that if DT took office we would see a crash worse than the crash of 1929. Those that didn't pay for the ticket missed the ride. I certainly respect the opinions of everyone here. There is no place better to live than Merica!!!The problem with a problem is that you don't know it's a problem until it's a problem, and that is a big problem.
Holding the company together with three spreadsheets and two cans connected by a long piece of string. -
RajunCajun said:Lastly, let us not forget those that speculated that if DT took office we would see a crash worse than the crash of 1929. Those that didn't pay for the ticket missed the ride.
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A politician rarely makes a good business manager. A very old wise man once told me that if you ever see a successful business owned by a politician, look deep, there's gotta be something corrupt. He was old school, for sure. I just think that politicians having been screwing it up for years. Let's give the businessman a chance to see what he can do before we fault him. Peace out folks!The problem with a problem is that you don't know it's a problem until it's a problem, and that is a big problem.
Holding the company together with three spreadsheets and two cans connected by a long piece of string. -
stlcharcoal said:Remember election night as all the network news anchors wiped their tears and said the Dow futures were DOWN 900 points and going to crash further the next day. Instead it shot up 250 pts the next morning and never stopped.I think it's time for another beer!
BGEing since 2003
2 Large BGEs
Sold small BGE, 3rd and 4th large BGEs and XL BGE (at wife's "request"....sad face)
Living the dream in Wisconsin -
JohnInCarolina said:Lol! You had some of your best years under “Slick Willie,” and you know it!
Location- Just "this side" of Biloxi, Ms.
Status- Standing by.
The greatest barrier against all wisdom, the stronghold against knowledge itself, is the single thought, in ones mind, that they already have it all figured out. -
The Buffalo has ran amuck.
Location- Just "this side" of Biloxi, Ms.
Status- Standing by.
The greatest barrier against all wisdom, the stronghold against knowledge itself, is the single thought, in ones mind, that they already have it all figured out. -
HeavyG said:
This guy seems to know tho:
"However, Paul Mampilly’s “Dow 50,000” prediction is really catching eyes, and one should pay heed — considering his past predictions have been spot-on.Mampilly was thrust into the limelight when the hedge fund he managed was named by Barron’s as one of the “World’s Best.” But he became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return … during the 2008 and 2009 economic crisis (without shorting stocks or making risky investments).
Right now, Mampilly says: “Stocks are on the cusp of an historic surge. They could easily hit 50,000. It will be a bull market run that will dwarf the tech boom of the ‘90s. I’ve never been more certain of anything in my career.”
Mampilly says “Dow 50,000” is all but set in stone. It doesn’t matter who wins the presidential election or what happens in the global economy. None of that matters."
***
Of course his prediction recognizes the general irrelevance of who the POTUS is at the moment.
If it turns out that instead of continuing our surge to 50K we may be starting a change in a natural business cycle and the Dow actually drops 10K or 20K by 2025 during The Donalds second term (yeah...as if that will be a thing ) will those who are giving The Donald the credit for the current surge blame him for the plummet?*
Whether the current surge is a good thing remains to be seen. Still seems pretty unclear whether this will benefit the broader society or just continue the trend of concentrating more wealth in the hands of the few.
Twice in my life I've had a sizable chunk of change to invest in the stock market, and both times the market crashed, badly, immediately after I did. Granted, it's recovered both times and advanced even higher, but just once in my life I'd like to see a drop, then invest, and watch it recover. We were due for a market correction before the election, which hasn't happened (yet). Both the Obama/Yellin low borrowing rates, and the Trump tax and regulation cuts, are designed (we've been told) to allow Big Business to invest in R&D and their workers, but in both cases they are instead buying back their own stocks. Which does cause the market to soar, but for how long?
I'm nervous; don't want to cause another crash for the third time, but don't want to miss out if the market is, indeed, going to explode. Crap._____________Tin soldiers and Johnson's coming...
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Botch said:HeavyG said:
This guy seems to know tho:
"However, Paul Mampilly’s “Dow 50,000” prediction is really catching eyes, and one should pay heed — considering his past predictions have been spot-on.Mampilly was thrust into the limelight when the hedge fund he managed was named by Barron’s as one of the “World’s Best.” But he became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return … during the 2008 and 2009 economic crisis (without shorting stocks or making risky investments).
Right now, Mampilly says: “Stocks are on the cusp of an historic surge. They could easily hit 50,000. It will be a bull market run that will dwarf the tech boom of the ‘90s. I’ve never been more certain of anything in my career.”
Mampilly says “Dow 50,000” is all but set in stone. It doesn’t matter who wins the presidential election or what happens in the global economy. None of that matters."
***
Of course his prediction recognizes the general irrelevance of who the POTUS is at the moment.
If it turns out that instead of continuing our surge to 50K we may be starting a change in a natural business cycle and the Dow actually drops 10K or 20K by 2025 during The Donalds second term (yeah...as if that will be a thing ) will those who are giving The Donald the credit for the current surge blame him for the plummet?*
Whether the current surge is a good thing remains to be seen. Still seems pretty unclear whether this will benefit the broader society or just continue the trend of concentrating more wealth in the hands of the few.
Twice in my life I've had a sizable chunk of change to invest in the stock market, and both times the market crashed, badly, immediately after I did. Granted, it's recovered both times and advanced even higher, but just once in my life I'd like to see a drop, then invest, and watch it recover. We were due for a market correction before the election, which hasn't happened (yet). Both the Obama/Yellin low borrowing rates, and the Trump tax and regulation cuts, are designed (we've been told) to allow Big Business to invest in R&D and their workers, but in both cases they are instead buying back their own stocks. Which does cause the market to soar, but for how long?
I'm nervous; don't want to cause another crash for the third time, but don't want to miss out if the market is, indeed, going to explode. Crap. -
Don't remind me of the Dot Com bust, I lost my a$$ & a good chunk of my retirement cash.
Not to get technical, but according to chemistry alcohol is a solution...
Large & Small BGE
Stockton Ca.
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Botch said:HeavyG said:
This guy seems to know tho:
"However, Paul Mampilly’s “Dow 50,000” prediction is really catching eyes, and one should pay heed — considering his past predictions have been spot-on.Mampilly was thrust into the limelight when the hedge fund he managed was named by Barron’s as one of the “World’s Best.” But he became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return … during the 2008 and 2009 economic crisis (without shorting stocks or making risky investments).
Right now, Mampilly says: “Stocks are on the cusp of an historic surge. They could easily hit 50,000. It will be a bull market run that will dwarf the tech boom of the ‘90s. I’ve never been more certain of anything in my career.”
Mampilly says “Dow 50,000” is all but set in stone. It doesn’t matter who wins the presidential election or what happens in the global economy. None of that matters."
***
Of course his prediction recognizes the general irrelevance of who the POTUS is at the moment.
If it turns out that instead of continuing our surge to 50K we may be starting a change in a natural business cycle and the Dow actually drops 10K or 20K by 2025 during The Donalds second term (yeah...as if that will be a thing ) will those who are giving The Donald the credit for the current surge blame him for the plummet?*
Whether the current surge is a good thing remains to be seen. Still seems pretty unclear whether this will benefit the broader society or just continue the trend of concentrating more wealth in the hands of the few.
Twice in my life I've had a sizable chunk of change to invest in the stock market, and both times the market crashed, badly, immediately after I did. Granted, it's recovered both times and advanced even higher, but just once in my life I'd like to see a drop, then invest, and watch it recover. We were due for a market correction before the election, which hasn't happened (yet). Both the Obama/Yellin low borrowing rates, and the Trump tax and regulation cuts, are designed (we've been told) to allow Big Business to invest in R&D and their workers, but in both cases they are instead buying back their own stocks. Which does cause the market to soar, but for how long?
I'm nervous; don't want to cause another crash for the third time, but don't want to miss out if the market is, indeed, going to explode. Crap. -
RajunCajun said:A politician rarely makes a good business manager. A very old wise man once told me that if you ever see a successful business owned by a politician, look deep, there's gotta be something corrupt. He was old school, for sure. I just think that politicians having been screwing it up for years. Let's give the businessman a chance to see what he can do before we fault him. Peace out folks!"I've made a note never to piss you two off." - Stike
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@JohnInCarolina , Happy New Year to ya, brother! I don't think we really know all of what transpired with that deal....nor does the liberal media truly inform us in a factual and accurate fact manner....rarely if so. Regardless of how controversial we make this conversation, everyone is entitled to his/her opinion and I'm cool with it. It's part of what makes America the best place in the world to live and I'll drink to that. Cheers!The problem with a problem is that you don't know it's a problem until it's a problem, and that is a big problem.
Holding the company together with three spreadsheets and two cans connected by a long piece of string. -
RajunCajun said:@JohnInCarolina , Happy New Year to ya, brother! I don't think we really know all of what transpired with that deal....nor does the liberal media truly inform us in a factual and accurate fact manner....rarely if so. Regardless of how controversial we make this conversation, everyone is entitled to his/her opinion and I'm cool with it. It's part of what makes America the best place in the world to live and I'll drink to that. Cheers!
I don't think him paying $25 million to settle the issue is a strong indication of his innocence.Stillwater, MN -
StillH2OEgger said:RajunCajun said:@JohnInCarolina , Happy New Year to ya, brother! I don't think we really know all of what transpired with that deal....nor does the liberal media truly inform us in a factual and accurate fact manner....rarely if so. Regardless of how controversial we make this conversation, everyone is entitled to his/her opinion and I'm cool with it. It's part of what makes America the best place in the world to live and I'll drink to that. Cheers!
I don't think him paying $25 million to settle the issue is a strong indication of his innocence."I've made a note never to piss you two off." - Stike -
And six days later, it did.The problem with a problem is that you don't know it's a problem until it's a problem, and that is a big problem.
Holding the company together with three spreadsheets and two cans connected by a long piece of string. -
Quite interesting...The problem with a problem is that you don't know it's a problem until it's a problem, and that is a big problem.
Holding the company together with three spreadsheets and two cans connected by a long piece of string.
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