hmmm we are in a quagmire war, housing starts are way down, gas is way up. wages are stagnant... so , yes its a good indicator of the way things really are out there.
I wonder how long this will last (meaning stocks up, housing market down). Especially for people buying now with projections for next years housing market looking pretty grave.
if u want to invest in property stock for the next half year, is singapore & malaysia becos of the casino hype.
the world are exploring for the remaining natural resource at the developing countries, like brazil, vietnam, china... for greater returns those countries has more potentials than the US.
the stock market is no longer dependent on the u.s. economy. it's 'diversified' because of the global market so that it can absorb hits no matter where individual countries' economic weaknesses start to drag on it. what happens to us makes little difference anymore.
Couple things to note. The DOW is just 30 major blue chip stocks. The S&P 500 which is a much better indicator of things is just barely above its 2000 high.
Second, if you peg the DOW to the value of the dollar since 2002 it's more like 10,000-11,000. Who cares if your GE stock is up 20% if the dollar it's valued in is worth 40% less?
Wall Street spins the news the same way Washington does.
"Only twice before over the last century has 5 percent of the national income gone to families in the upper one-one-hundredth of a percent of the income distribution — currently, the almost 15,000 families with incomes of $9.5 million or more a year...."
may give you a clue to our budding and prosperous economy and low housing production.
Maybe a more rational explaination is that so many Americans now have 401K's - its like a pipeline right into the market. This never happened before. I for one dont trust it, the market isnt for everyday working people, its for institutional investing IMHO. You pump your salary in so the corp. can get bigger and expand your job overseas or to back office in Omaha. Good for Omaha though...
Dow was just down over 100 pints yesterday. I would be careful abt the casino hype in Singapore. The housing prices are highly artificial because more than 80% of the land belongs to the govt. Now anytime now the govt. decides to let them be 'freehold' could send prices tumbling down...
I have not paid too much attention to the stock market since receiving an e-mail that changed my life.
Apparently, there is a Barrister in Africa that needs my help in securing some funds. I cannot say how much, but let's just say that my commission for doing so is pretty sweet!
The blue-chip index's loss is its third-worst of the year. Heavy selling in Bear Stearns and financial stocks pulls the broader market lower. A mixed jobs report also disappoints investors. Network Appliance shares plunge on a weak forecast.
I don't know if things will get that bad...but that might just be wishful thinking on my part.
I still think that there's some really good deals in tech. and esp. biotech/stem cells. I'm also thinking apple is going to rebound pretty well in sept, depending on the timing of the rate cut and the announcement of new ipods or iphones. But it might just be temporary.
AAPL is already off more than a couple points in pre-market and is currently trading at over 30x earnings. Not what I'd be buying into a recession. If the economy slows the first thing to go will be excess discretionary spending, which Apple thrives on.
Overall I'm not hit too hard. Everything I'm currently holding was bought several years ago either before the tech boom of the 90's or after the bust around 2002-2003. So I should still be up if the DOW tanks to 10k range.
Several of my holdings are income holdings that pay healthy dividends or royalties. Since they are companies or trusts that deal mostly in energy and are quite recession proof I see little reason to dump now for my paper gain. Annual income compounded year after year is worth more than my current paper gains anyway.
Seriously considering bailing on the market. Will wait and see what corporate earning reports are like next week and where the eurozone and China are headed in the next months.
dow 14,000
you never hear about the highs, just the lows, so ..
dow finishes above 14,000
plus this will be a good thread to bump when it all tanks
hmmm we are in a quagmire war, housing starts are way down, gas is way up. wages are stagnant... so , yes its a good indicator of the way things really are out there.
china H share, Baring Eastern Europe, JF Asean, Indian Equity all goes...
up up up..... double my salary + every month for the last 6 months...
... makes u wonder why architecture (that's my low side)
i'm now looking at vietnam funds, it goes up 40% in 3 months...
I wonder how long this will last (meaning stocks up, housing market down). Especially for people buying now with projections for next years housing market looking pretty grave.
apparently it really doesnt mean much because the value of the dollar is so low...
if u want to invest in property stock for the next half year, is singapore & malaysia becos of the casino hype.
the world are exploring for the remaining natural resource at the developing countries, like brazil, vietnam, china... for greater returns those countries has more potentials than the US.
Weak dollar, crap housing market. All that money has to go somewhere.
the stock market is no longer dependent on the u.s. economy. it's 'diversified' because of the global market so that it can absorb hits no matter where individual countries' economic weaknesses start to drag on it. what happens to us makes little difference anymore.
what happens to me has never made much of a difference :(
Couple things to note. The DOW is just 30 major blue chip stocks. The S&P 500 which is a much better indicator of things is just barely above its 2000 high.
Second, if you peg the DOW to the value of the dollar since 2002 it's more like 10,000-11,000. Who cares if your GE stock is up 20% if the dollar it's valued in is worth 40% less?
Wall Street spins the news the same way Washington does.
"what happens to us makes little difference anymore."
were you around in 2000 for the .com crash?
"Only twice before over the last century has 5 percent of the national income gone to families in the upper one-one-hundredth of a percent of the income distribution — currently, the almost 15,000 families with incomes of $9.5 million or more a year...."
may give you a clue to our budding and prosperous economy and low housing production.
Maybe a more rational explaination is that so many Americans now have 401K's - its like a pipeline right into the market. This never happened before. I for one dont trust it, the market isnt for everyday working people, its for institutional investing IMHO. You pump your salary in so the corp. can get bigger and expand your job overseas or to back office in Omaha. Good for Omaha though...
caterpillar, google clobber stocks
well it was good while it lasted :(
Dow was just down over 100 pints yesterday. I would be careful abt the casino hype in Singapore. The housing prices are highly artificial because more than 80% of the land belongs to the govt. Now anytime now the govt. decides to let them be 'freehold' could send prices tumbling down...
I have not paid too much attention to the stock market since receiving an e-mail that changed my life.
Apparently, there is a Barrister in Africa that needs my help in securing some funds. I cannot say how much, but let's just say that my commission for doing so is pretty sweet!
just dropped 300 points...
Dow off 281; Bear Stearns' woes sink market
The blue-chip index's loss is its third-worst of the year. Heavy selling in Bear Stearns and financial stocks pulls the broader market lower. A mixed jobs report also disappoints investors. Network Appliance shares plunge on a weak forecast.
:'(
Dow closes below 13,000
If there's a rebound we should revive this thread.
ouch those last two hours :(
I just logged into my etrade account....whimper.
I'm off one third of my yearly pre-tax salary. I went from being up nearly ~24% on the year to date to up slightly under 3%
I knew I should'a sold at the peak and blown it all on hookers and blow.
fingers crossed I can keep from having a negative year.
we're in the money, we're in the money...oh.
nevermind.
I'm down about 1/5 of my yearly gross salary. just hold on to it. it's all you can do. damn mortgage brokers and their greed
I don't know if things will get that bad...but that might just be wishful thinking on my part.
I still think that there's some really good deals in tech. and esp. biotech/stem cells. I'm also thinking apple is going to rebound pretty well in sept, depending on the timing of the rate cut and the announcement of new ipods or iphones. But it might just be temporary.
AAPL is already off more than a couple points in pre-market and is currently trading at over 30x earnings. Not what I'd be buying into a recession. If the economy slows the first thing to go will be excess discretionary spending, which Apple thrives on.
Overall I'm not hit too hard. Everything I'm currently holding was bought several years ago either before the tech boom of the 90's or after the bust around 2002-2003. So I should still be up if the DOW tanks to 10k range.
Several of my holdings are income holdings that pay healthy dividends or royalties. Since they are companies or trusts that deal mostly in energy and are quite recession proof I see little reason to dump now for my paper gain. Annual income compounded year after year is worth more than my current paper gains anyway.
good time to buy
*bump*
It's at 14,044.
doest mean much when the $$$$ is so weak....
don't snow on my parade
Wow. 14000, that was soooo...0000007.
Dow Jones Industrial Average
Dow Jones Indices: .DJI - Oct 10 4:28 PM ET
16,544.10
115.15 (0.69%)
Open 16,654.88
High 16,757.60
Low 16,543.91
Seriously considering bailing on the market. Will wait and see what corporate earning reports are like next week and where the eurozone and China are headed in the next months.
So much volatility right now.
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.