The Dow touched 10,000... - Dallas Dance Music - Dallas nightlife, music, tickets, and more

DataBass · 10-14-09, 01:40 PM

Economy is all better now.

<---- retires.

Thanks JPM, I wonder how many other banks will follow suit and surprise analysts.

soje · 10-14-09, 01:48 PM

The Tao? It touches all and none.

johnny861 · 10-14-09, 02:01 PM

Quote:

Originally Posted by soje

It touches all and none.

I feel you've just hit the underlying theme of every newscaster covering this story today.

Hey Bubu · 10-14-09, 02:17 PM

Long live the economy!!!

david austin · 10-14-09, 03:07 PM

Ill post back on this later with some funnies...

But on a serious note think about this.

The Dow crossed 10k for the first time about 10 years ago. Most call it 'the lost decade' talking exclusively in terms of gains... When in fact... Your purchasing power has declined by 25%.

So in real terms the Dow is effectively at 7535... in nominal terms of course its ~10k.

xenos · 10-14-09, 03:09 PM

*cashes out 401k before the bottom falls out again*

zcwilly · 10-14-09, 03:41 PM

Yay! Let's print more money!!

david austin · 10-14-09, 05:13 PM

Funnies of the day:

"Let me put on my 'Dow 10k for the 21st time' party hat."

"Is the CNBC circle jerk over yet?"

"Funny how the federal fire hose up every bank in Americas ass can make us all so happy that the recession is over. Go easy pulling out... or else things might get messy"

This day has been full of LOLs.

HomoSexualPredator · 10-14-09, 05:18 PM

Question for DA:

If you're a early thirties guy, leave 401k $$ in stocks or put them in bonds?

I wish I could diversify my 401k $$ with other commodities, like strippers.

david austin · 10-14-09, 05:31 PM

This one of the greatest tipping points in our history. After the mega run we have experienced I would be working my out of long positions.

If America wants to save the dollar then the market will tank. You cant have one without the other. One of the only reasons this market has had the extra rocket fuel is due to the dollars precipitous decline.

The reason the Fed cant let the dollar slip is because they have to support the massive debt loads we have sold off to foreign entities.

The problem is a weak dollar is likely here to stay which could really give us fits.

Counties (read China) will start unloading long term USTs and move to the shorter term notes. This will likely crush the 30 year and cause a big spike in interest rates which would push up back in a recession and likely depression. This probably wouldnt happen immediately so the markets could run much much further... at the cost of our spending power. Much like I posted in another thread... this means that your buying power of your cash would sap all of your nominal gains.

Like I posted above. $1 at Dow 10k 1999 is now .75 at Dow 10K 2009.

Now there is a very real chance that the dollar will experience a huge run up (economic deflation) if there is an event that would cause dollars to be hoarded to pay down actual debt.

Which would tank the market even further (new lows) but keep Ts at a decent yield.

Personally outside of trading in and out based on proprietary analysis I would be in short term high grade Ts and Bonds.

Dont chase the high yield... and stay in the short term. Rest I would keep in cash. I do believe that eventually cash will beat the market (in loses)

david austin · 10-14-09, 05:50 PM

Another fun 10k (21.0)

stat is market cap.

The top 10 market cap in 99 came in at 2.4 trillion
The top 10 market cap in 09 comes in at 1.9 trillion

Thats half a trillion in market cap lost... 21%.

Think about that for a minute.

HomoSexualPredator · 10-15-09, 04:14 PM

How much of that market cap in 99 was lost in 2001 during the tech bubble bursting?

david austin · 10-15-09, 04:20 PM

Quote:

Originally Posted by HomoSexualPredator

How much of that market cap in 99 was lost in 2001 during the tech bubble bursting?

The individual companies cap lost during tech crash doesnt really factor... Companies are placed and replaced all the time.

The overall metric is pointing to the fact that growth isnt really being achieved as a whole even though the market going higher leads us to believe so.

tricky · 10-15-09, 04:25 PM

so the stock market is all bells and whistles? imagine that

Hey Bubu · 10-15-09, 04:37 PM

forget the money and learn to grow your own food, at least fix and mend your old clothes and keep a can opener handy. Pass the beans.

10-14-09, 01:40 PM	#1 (permalink)
DataBass Join Date: Jun 2003 Location: Frass Canyon Posts: 62,644	The Dow touched 10,000... Economy is all better now. <---- retires. Thanks JPM, I wonder how many other banks will follow suit and surprise analysts. __________________ Those pussies are ripe fer fuckin.

10-14-09, 01:48 PM	#2 (permalink)
soje Join Date: Aug 2005 Posts: 774	Re: The Dow touched 10,000... The Tao? It touches all and none. __________________ cydewaze.

10-14-09, 02:17 PM	#4 (permalink)
Hey Bubu Funky Spunk Join Date: Aug 2002 Location: take a left at the cow Posts: 17,124	Re: The Dow touched 10,000... Long live the economy!!! __________________ "We're so engaged in doing things to achieve purposes of outer value that we forget that the inner value, the rapture that is associated with being alive, is what it's all about." --Joseph Campbell,

10-14-09, 03:07 PM	#5 (permalink)
david austin Join Date: Nov 2004 Location: Dallas Posts: 8,636	Re: The Dow touched 10,000... Ill post back on this later with some funnies... But on a serious note think about this. The Dow crossed 10k for the first time about 10 years ago. Most call it 'the lost decade' talking exclusively in terms of gains... When in fact... Your purchasing power has declined by 25%. So in real terms the Dow is effectively at 7535... in nominal terms of course its ~10k. __________________ -273 = absolute zero. You can only go up from there.

10-14-09, 03:09 PM	#6 (permalink)
xenos Join Date: May 2004 Location: Dallas Posts: 290	Re: The Dow touched 10,000... cashes out 401k before the bottom falls out again __________________ upcoming shows In Girum Imus Nocte (psych/drone/doom metal): Sun Nov. 29 @ Wasted Words Art Collective, Arlington current music projects: Xenos (myspace) (soundcloud) In Girum Imus Nocte Boy Tap the Frenz Tile

night-lifestyle sites clubplanet wantickets newyears nochelatina cooljunkie

10-14-09, 03:41 PM	#7 (permalink)
zcwilly Happiness Consultant Join Date: Nov 2001 Location: Dallas, TX Posts: 2,295	Re: The Dow touched 10,000... Yay! Let's print more money!!

10-14-09, 05:13 PM	#8 (permalink)
david austin Join Date: Nov 2004 Location: Dallas Posts: 8,636	Re: The Dow touched 10,000... Funnies of the day: "Let me put on my 'Dow 10k for the 21st time' party hat." "Is the CNBC circle jerk over yet?" "Funny how the federal fire hose up every bank in Americas ass can make us all so happy that the recession is over. Go easy pulling out... or else things might get messy" This day has been full of LOLs. __________________ -273 = absolute zero. You can only go up from there.

10-14-09, 05:31 PM	#10 (permalink)
david austin Join Date: Nov 2004 Location: Dallas Posts: 8,636	Re: The Dow touched 10,000... This one of the greatest tipping points in our history. After the mega run we have experienced I would be working my out of long positions. If America wants to save the dollar then the market will tank. You cant have one without the other. One of the only reasons this market has had the extra rocket fuel is due to the dollars precipitous decline. The reason the Fed cant let the dollar slip is because they have to support the massive debt loads we have sold off to foreign entities. The problem is a weak dollar is likely here to stay which could really give us fits. Counties (read China) will start unloading long term USTs and move to the shorter term notes. This will likely crush the 30 year and cause a big spike in interest rates which would push up back in a recession and likely depression. This probably wouldnt happen immediately so the markets could run much much further... at the cost of our spending power. Much like I posted in another thread... this means that your buying power of your cash would sap all of your nominal gains. Like I posted above. $1 at Dow 10k 1999 is now .75 at Dow 10K 2009. Now there is a very real chance that the dollar will experience a huge run up (economic deflation) if there is an event that would cause dollars to be hoarded to pay down actual debt. Which would tank the market even further (new lows) but keep Ts at a decent yield. Personally outside of trading in and out based on proprietary analysis I would be in short term high grade Ts and Bonds. Dont chase the high yield... and stay in the short term. Rest I would keep in cash. I do believe that eventually cash will beat the market (in loses) __________________ -273 = absolute zero. You can only go up from there.

10-14-09, 05:50 PM	#11 (permalink)
david austin Join Date: Nov 2004 Location: Dallas Posts: 8,636	Re: The Dow touched 10,000... Another fun 10k (21.0) stat is market cap. The top 10 market cap in 99 came in at 2.4 trillion The top 10 market cap in 09 comes in at 1.9 trillion Thats half a trillion in market cap lost... 21%. Think about that for a minute. __________________ -273 = absolute zero. You can only go up from there.

10-15-09, 04:37 PM	#15 (permalink)
Hey Bubu Funky Spunk Join Date: Aug 2002 Location: take a left at the cow Posts: 17,124	Re: The Dow touched 10,000... forget the money and learn to grow your own food, at least fix and mend your old clothes and keep a can opener handy. Pass the beans. __________________ "We're so engaged in doing things to achieve purposes of outer value that we forget that the inner value, the rapture that is associated with being alive, is what it's all about." --Joseph Campbell,

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