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Dow

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Comments

  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    eek. It's Graph Vader.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Dow breaks 10k, first time in a year.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Dow breaks 10k, first time in a year.

    http://www.businessweek.com/1999/99_39/b3648125.htm

    Anyone remember these articles? 10 years feels like a very long time ago in stock market terms:
    [FONT=TimesNewRoman,Times,Serif]Charles W. Kadlec, author of Dow 100,000: Fact or Fiction, is not making all that much bolder of a prediction. Kadlec, chief investment strategist for Seligman Advisors Inc. (and a onetime BUSINESS WEEK correspondent), puts the Dow at 100K in 2020. To jump that hurdle, the market need only gain an average of 11.1% a year, which is just slightly above what large-company stocks have done during the past 70 years.[/FONT]
  • turbobob
    turbobob Posts: 1,500 Forumite
    Generali wrote: »
    http://www.businessweek.com/1999/99_39/b3648125.htm

    Anyone remember these articles? 10 years feels like a very long time ago in stock market terms:

    Yes, a long time ago. I wonder if they released revised editions of their books? A few interesting letters in response to the article, and considering when it was written, Peter Cooper from London seems to have hit the nail on the head.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 15 October 2009 at 5:34AM
    It could still happen it just wont mean as much as we thought it would.
    I remember the first time ever dow crossed 10k and it made the news and I thought then what the hell was up with that because it was way too high.

    A similar prediction is in play right now but for the Indian index not the Dow.
    Sensex is at 17k today and predicted to make 100k in 15 years
    http://www.youtube.com/watch?v=t1eRaWpRi78

    Seems possible since they do have much higher inflation and growth, they just need to stay stable for that time which is the most unlikely part.


    mewbie wrote: »
    eek. It's Graph Vader.

    Thats the other reason Im called Sabre, join the short side :p
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Dow at a 12 month high, they knock it down but it gets up again :beer:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    StevieJ wrote: »
    Dow at a 12 month high, they knock it down but it gets up again :beer:
    Notably the S&P 500 is not at its high. The foreign-trade-centric Dow has been nominally boosted thanks to the continual devaluing of the dollar.
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Dow at a 12 month high, they knock it down but it gets up again :beer:
    HSBC shares yield 3.99%, the HSBC Online Bonus Saver yields 0.75% if you don't actually want any of your own money back out.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Generali wrote: »
    HSBC shares yield 3.99%, the HSBC Online Bonus Saver yields 0.75% if you don't actually want any of your own money back out.

    Surely you are comparing apples and oranges here?
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Jonbvn wrote: »
    Surely you are comparing apples and oranges here?

    My point, obliquely made, is that a large part of the reason shares have been going up is because interest rates are too low to keep money on deposit.
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