Forum Thread

New thought about DOW.

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  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    The DOW is supposed to have an important meaning. The DOW is the actual average of the DOW portfolio divided by a divisor. That result is supposed to have special meaning . Since the DOW is at 25000 and the GDP is almost stagnant I think the special meaning of the DOW is to don't buy stocks. Each time the DOW goes up buying increases and the DOW goes up. The message is to stop buying but the interpretation is to buy more. And the DOW goes up again causing a lot of cheering and more buying . The writing is on the ticker but is it being read wrong. Is it warning to hold or is it cheering to buy more??? I think the D O W is saying stocks are over priced and sell to take a profit now and buy it back after the correction.
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Trump starts a trade war with China and the dow goes down, how's people's 401K's doing. I recall the S&L crisis and my spouse lost more than half the value of her 401 retirement funds.
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    Dockadams Wrote: Trump starts a trade war with China and the dow goes down, how's people's 401K's doing. I recall the S&L crisis and my spouse lost more than half the value of her 401 retirement funds.
    It is hard to grasp how much money has been lost from the retirement accounts.
  • Center Left
    Independent
    Central, FL
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    Trade corrections with China is appropriate but a trade war could lead to empty shelves at Wal-Mart. Obviously an exaggeration because as of yet he's just talking shit.

    It's not your Grandfather's Buick.

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Chet Ruminski Wrote:
    Dockadams Wrote: Trump starts a trade war with China and the dow goes down, how's people's 401K's doing. I recall the S&L crisis and my spouse lost more than half the value of her 401 retirement funds.
    It is hard to grasp how much money has been lost from the retirement accounts.
    Well, during the s&l crisis, my spouse had roughly $16,000 with the company matched portion, when everything leveled out, she lost around $12,000 of it's value. I read a piece doing a bing search and some website stated losses to people's retirement funds were huge.
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    Dockadams Wrote:
    Chet Ruminski Wrote:
    Dockadams Wrote: Trump starts a trade war with China and the dow goes down, how's people's 401K's doing. I recall the S&L crisis and my spouse lost more than half the value of her 401 retirement funds.
    It is hard to grasp how much money has been lost from the retirement accounts.
    Well, during the s&l crisis, my spouse had roughly $16,000 with the company matched portion, when everything leveled out, she lost around $12,000 of it's value. I read a piece doing a bing search and some website stated losses to people's retirement funds were huge.
    The standard mantra is don't worry the market always comes back. That is reassuring and positive. The detail they leave out is the assets come back to the people that had the money to buy at the low point. And that is not the funds of the retirement accounts .
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Here's the bad thing about all of this, the banks can probably write off all of those losses, and ordinary people are left with next to nothing. I don't think I can recall any banking officials being held accountable during the S&L crisis or even when the 2008 banking crisis struck, nobody went to prison, and bank CEOs were given their huge bonuses after the dust settled.
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    Dockadams Wrote: Here's the bad thing about all of this, the banks can probably write off all of those losses, and ordinary people are left with next to nothing. I don't think I can recall any banking officials being held accountable during the S&L crisis or even when the 2008 banking crisis struck, nobody went to prison, and bank CEOs were given their huge bonuses after the dust settled.

    They were outrageous with the NINJA LOANS. I know people that bought a $585,000 house and they paid an additional 3% for another concession. Not sure but think it was the house appraised for less than the advertised price. When they write something off they are socializing debt. They will raise costs on something else.

    They will socialize anything that is self interested to banks and financing in a heartbeat . But then it is the end of the world to socialize healthcare and education.

    Anybody care to challenge that a bank or financial organization writing off debt isn't socializing the debt?