DOW 11,000.00!!!!
After the 2000-2002 brutal bear market, the Dow Jones Industrial AVG appears to be within days of breaking 11,000.00 for the first time since 2001.
This would confirm the bull move of its counterpart index the Dow Jones Transportation AVG which already is hitting ALL TIME HIGHS daily. If the transports are firing on all cylinders then the Industrials are probably too, that's the old adage on Wall Street.
Once again its proven that the USA stock markets are from the best investment vehicles out there.
Good Trading!
Happy days are here again!
posted by Y.Y. @ Tuesday, November 29, 2005
12 Comments:
can you do me a favor and speak in english??
I mean.. I know you cant help it but ..
fuck If I understand a word you just said..
Told you Y.Y.,
Most people are not smart enough to understand the stockmarket.
the DOW might be at 11,000 but its not all roses. the large deficits in trade and current account could cause problems in the medium term. any other nation with running a deficit of 6% of GDP would be held up as an example of a banana republic.
the fed seems intent to raise interest rates to dampen any inflationary pressure in the economy. this is strengthening the dollar at a time when the trade deficit is at record levels. something has got to give. either the dollar devalues, or growth and consumption slows. either one of these events is not bad if it is at a measured pace, but any sudden correction and the days of 11,000 will be over like they were in 1999. also if the likes of china and japan and others reduce their massive buying of treasuries, the US will have some serious difficulties in financing the huge deficit.
there is a great empire rising in the east, of the like that has not been seen since industrialisation in the west a century ago. the rules of the game are slowly changing.
noname
you make me laugh the bears have made this argument for years now and meanwhile the market just doesnt care
the trend is your friend!
yeah, but the market does care. it cared in the 1930's and it cared in the 70's and it cared 5 years ago when the nasdaq was over 5000 points and is now at around half that. the dow was higher in 1999 than it is now.
these might be dismissed as cyclical events, but i think there could be some fundamental indicators that could be cause for concern now.
deficit of 6% of GDP should be a concern. aging population, social security costs, double digit house price inflation, individual saving rate at historical lows and a ballooning government budget will have some effect. the growth and stability of the last couple of years has been funded by selling debt and by cheap credit and loans . i am not sure if it is sustainable indefinitley and the fed has started raising rates aggressivley. they are trying to slow things down because they can see danger ahead if it carries like this.
the US is the engine room of the global economy but that does not mean it is entirely exempt from the laws of good economic practice.
lost....
noname
the market already discounted all your concerns corporate profits gained 20+% for the past few years noone is saying it will go up forever but for now why should i short the market if it goes up daily i wanna make money
the trend is your friend until it ends!!!
meanwhile the trend is up!!!
Here are some links that I believe will be interested
Here are some links that I believe will be interested
Your are Nice. And so is your site! Maybe you need some more pictures. Will return in the near future.
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Your are Nice. And so is your site! Maybe you need some more pictures. Will return in the near future.
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