[KevO]

WOW!
We are so lucky.
the economy has never been so good.
Celebrate people we are at the peak of our civilisation.

Loads of oil left, 100 years some say. Global warming is a myth some say. the ice caps are fine some say and SUV's are here to stay, so some say.

Have a nice day


BBC ARTICLE

The Dow Jones stock index is within touching distance of a record high, as easing US inflationary concerns have boosted market prospects.

Falling oil prices and signs that US interest rates may have peaked have encouraged investors.

Hooray for GW!
VOTE REPUBLICAN.

[EnemyCombatant]

[FoxV]

09/27 inflation worries down - stock market up
09/27 economy worries up - stock market down
09/28 economy worries down - stock market up
09/29 inflation worries up - stock market down
09/30 We announce the opposite of yesterday - stock market up
10/01 we announce the same as yesterday - stock market goes down

Does anybody actually believe these half sentence explanations of the stock market.

let me save you all a lot of time by paraphrasing the buisness headlines for the next three months.

mm/dd Smart money moves out of the market - stocks down
mm/dd+1 Dumb money moves into the market - stocks up
repeat untill all smart investors our out and all dumb investors are in

[Dreamtwister]

Who was it that suggested that the dow might never crash, due to the rate of inflation?

What I find interesting is that as I was listening to the economic news yesterday (I never thought I'd hear myself say that), the guy was saying that the Fed would have to lower interest rates in the next 6 months.

Excuse me? Lower interest rates?

[Free]

Where is my recession?

And I don't mean my own depression!

I want the Dow
to fall in the fall and I want it now,
because otherwise there will be a cow tow -
to the neocons and their ilk.

This poem is bad, so I will go drink some milk.

[Armageddon]

The stock market is artificially propped up by illegal drug money that the CIA invests to make the american economy appear strong. Nothing more, nothing less.

[rwwff]

Its fun being on the winning team all the time!
Yall should stop feeling guilty and enjoy the ride.

The Apocolypse will be along soon enough.

[Texas_T]

$this->bbcode_second_pass_quote('FoxV', '0')9/27 inflation worries down - stock market up
09/27 economy worries up - stock market down
09/28 economy worries down - stock market up
09/29 inflation worries up - stock market down
09/30 We announce the opposite of yesterday - stock market up
10/01 we announce the same as yesterday - stock market goes down

Does anybody actually believe these half sentence explanations of the stock market.

let me save you all a lot of time by paraphrasing the buisness headlines for the next three months.

mm/dd Smart money moves out of the market - stocks down
mm/dd+1 Dumb money moves into the market - stocks up
repeat untill all smart investors our out and all dumb investors are in

[Niagara]

$this->bbcode_second_pass_quote('Texas_T', 'I')t really IS amazing..."the stock market soared today on news that the economy is cooling". So the stock market soars on news that the economy is cooling....because the cooling economy means a pause by the Fed in interest rate hikes...because the interest rate hikes would...cool the economy.

"The market soared today on news that the market was soaring"....."Traders were optimistic due to the high degree of optimism among traders......"

[Colorado-Valley]

So Niagra ... Are stocks high or low right now?

[FoxV]

btw, the last time the DOW hit an all time high (last may), it dropped by 10%. I wonder how much of this drop was due to people finally "breaking even" since the nasdaq bubble popped and getting out of the market.

I also wonder if there will be a similar pull back this time as well

[Niagara]

$this->bbcode_second_pass_quote('Colorado-Valley', 'S')o Niagra ... Are stocks high or low right now?

[o2ny]

Right now there's a poll on the yahoo finance page asking whether we'll see further gains on the Dow between now and year end.

64% say 'further gains'

The poll

So taking the contrarian approach, I guess you could say we're about to take a dive.

Even if I was bullish right now, I'm not sure how much more there is to gain by buying in now... seems like a good time to short or flee to cash, and then maybe get back into oil & gold as the elections wrap up.

Anybody have an opinion on BEARX (the bear market index)? I'm not sure how it works. Looks like mostly mining shares.

[qwerty]

Everyone should quit their jobs and become a daytrader.
We can build a great society and perfect civilization if everyone just
quit there stupid dead end low paying jobs and traded stocks on the internet. We would all be MILLIONAIRES and living up the AMERICAN DREAM! The market is soaring higher than superman, the stocks are all up, oil is down, life looks good, great outlook, America is winning the war on terror! Vote Republican!

[Peakprepper]

I think you will find that tomorrow (Friday 29th) it will hit or exceed the high going back to January 2000, catch all the other traders' stops, then tank at some point next week.

[Tyler_JC]

It did not surge to an all time high, fools.

It crossed over the all time highest close but quickly fell back down.

Just like shares of WEL (the company that cleans up oil rig fires) soared 200%+ on the day the Iraq War started...but they didn't close at that level.

Intra-day trading is interesting but not an indicator of real market strength. At least not when compared to closing prices.

Moreover, the NASDAQ is still down 50% from its all time high.

The S&P is also significantly below its peak.

30 stocks are doing well, at least the 30 that they picked to put in the DJIA. The rest of the market is still below its peak of 2000 and way below the inflation adjusted peak.

The idiots we are forced to live next to may consider today's news to be significant for the economy, but we know that it's only significant for the psychology of the average person on the street. (But maybe that is all that matters).

[KevO]

Well, things are all shiny and looking up.
House prices in the UK are still rocketing. My home was £38000 only 14 years ago. It was valued last week at £220,000 and that's for a 3 bed terrace!!
That's £15,000 ($25,000) a year!

And apparently it is set to double that within another 6 years!!
If you want to be rich by 2012, buy a house in the UK, particularly the South West.

Of course, we're all waiting for the buuble to burst which will happen in 2003..2004..2005...2006...maybe never?

Well all this growth and drop in oil prices has everyone saying to me that they may as well keep the big SUV they were thinking of selling.
And more loans thay are getting.

Look out Weasal

[lorenzo]

$this->bbcode_second_pass_quote('KevO', '
')Celebrate people we are at the peak of our civilisation.

Loads of oil left, 100 years some say. Global warming is a myth some say. the ice caps are fine some say and SUV's are here to stay, so some say.

[FoxV]

$this->bbcode_second_pass_quote('Tyler_JC', 'M')oreover, the NASDAQ is still down 50% from its all time high.

The S&P is also significantly below its peak.

[mekrob]

$this->bbcode_second_pass_quote('', '
')Don't sneak Peak Oil in there. Global warming is real. Peak Oil is not.