Joey Buttafueco Jr Posted October 14, 2009 Share Posted October 14, 2009 Confused Quote Link to comment Share on other sites More sharing options...
stonethecrows Posted October 14, 2009 Share Posted October 14, 2009 Confused Experts you say? On HPC forum? DONT MAKE ME LAUGH!!! Quote Link to comment Share on other sites More sharing options...
R K Posted October 14, 2009 Share Posted October 14, 2009 Confused You must be if you see 10001.58 as 'blasting through'. Nosh. Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted October 14, 2009 Share Posted October 14, 2009 Confused Did they? I have posted several times that the 1929 stock market curves are not relevant because the last credit bubble did not go into stocks but went into property. I expect equities to correct but not to tank as currency weakening means that there will be steady upward pressure on equities. So I see them as a hedge against inflation rather than a screaming buy. Quote Link to comment Share on other sites More sharing options...
Minos Posted October 14, 2009 Share Posted October 14, 2009 Experts you say? On HPC forum? DONT MAKE ME LAUGH!!! Well, you should know. Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted October 14, 2009 Author Share Posted October 14, 2009 You must be if you see 10001.58 as 'blasting through'. Nosh. I just wish I had bought puts when the FTSE was at 4300. HAAHAHAHAHAHAHAHAHAHAHAHAH Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted October 14, 2009 Author Share Posted October 14, 2009 Did they? I have posted several times that the 1929 stock market curves are not relevant because the last credit bubble did not go into stocks but went into property. I expect equities to correct but not to tank as currency weakening means that there will be steady upward pressure on equities. So I see them as a hedge against inflation rather than a screaming buy. "I have posted several times that the 1929 stock market curves are not relevant " I've no idea why they would be relevant except for people that are into T&A. Which is nosh. Grade A nosh. Quote Link to comment Share on other sites More sharing options...
Alistair darlings mole Posted October 14, 2009 Share Posted October 14, 2009 Did they? I have posted several times that the 1929 stock market curves are not relevant because the last credit bubble did not go into stocks but went into property. I expect equities to correct but not to tank as currency weakening means that there will be steady upward pressure on equities. So I see them as a hedge against inflation rather than a screaming buy. I have my party hat out. The Dow could be at 20k i still wouldn't give a toss. Quote Link to comment Share on other sites More sharing options...
Bobbery Pack Posted October 14, 2009 Share Posted October 14, 2009 The Dow is going to 20k and above, where else is anyone going to put their cash. Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted October 14, 2009 Share Posted October 14, 2009 The Dow hasn't risen. The dollar has merely fallen. Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted October 14, 2009 Author Share Posted October 14, 2009 The Dow is going to 20k and above, where else is anyone going to put their cash. Leverage property in certain areas of Lahden tahn. Quote Link to comment Share on other sites More sharing options...
Alistair darlings mole Posted October 14, 2009 Share Posted October 14, 2009 The Dow hasn't risen. The dollar has merely fallen. what are the current returns from dow? Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted October 14, 2009 Author Share Posted October 14, 2009 The Dow hasn't risen. The dollar has merely fallen. The DOW is measured in dollars, and I bet the vast majority of constituents are dollar based. Quote Link to comment Share on other sites More sharing options...
200p Posted October 14, 2009 Share Posted October 14, 2009 (edited) Looks like a re-run of the 90s NOT 30s so far. The devalation of the dollar is key, where as the dollar was backed by gold in 1930. DOW looks like a long term buy, as well as gold. Check this out deflationhyperinflation2008.blogspot.com Edited October 14, 2009 by Lord Rich 7 House owner Quote Link to comment Share on other sites More sharing options...
Alistair darlings mole Posted October 14, 2009 Share Posted October 14, 2009 Looks like a re-run of the 90s NOT 30s so far. The devalation of the dollar is key, where as the dollar was backed by gold in 1930. DOW looks like a long term buy, as well as gold. Check this out http://deflationhyperinflation2008.blogspot.com/ interesting Quote Link to comment Share on other sites More sharing options...
Bobbery Pack Posted October 14, 2009 Share Posted October 14, 2009 Looks like a re-run of the 90s NOT 30s so far. The devalation of the dollar is key, where as the dollar was backed by gold in 1930. DOW looks like a long term buy, as well as gold. Check this out http://deflationhyperinflation2008.blogspot.com/ Agree totally. Lots of cash still on the sidelines waiting for a big pull back that will never happen. When this wall of money hits the markets we go to 20k Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted October 14, 2009 Share Posted October 14, 2009 What is this based on? What is driving it? Is this government buying with QE money? Is this bubble mania again? Where are the fundamentals in Western economies to back this? Quote Link to comment Share on other sites More sharing options...
libspero Posted October 14, 2009 Share Posted October 14, 2009 I'll put my hands up and say I thought it was gong to run out of steam last week. I thought I had done well enough and didn't want to push my luck.. especially since the money I had put in was for my deposit. Better safe than sorry and all that. This rally really suprised me.. people gripped with fear of rapid inflation? or really just the US numbers looking slightly better than expected. Quote Link to comment Share on other sites More sharing options...
Alistair darlings mole Posted October 14, 2009 Share Posted October 14, 2009 What is this based on? Where are the fundamentals in Western economies to back this? J P Morgan gambling. Quote Link to comment Share on other sites More sharing options...
Mark Uttley Posted October 14, 2009 Share Posted October 14, 2009 Whoops! DOW fallen to 9991. Looks like the experts were right after all. Quote Link to comment Share on other sites More sharing options...
IMHAL Posted October 14, 2009 Share Posted October 14, 2009 What is this based on? What is driving it? Is this government buying with QE money? Is this bubble mania again? Where are the fundamentals in Western economies to back this? Fundamentals are soooooo yesterday. What need for fundamentals when Bernanke has fanchised his printing presses. The stockmarket is just a rush to tangibles. My question is what will the authorities do when the DOW gets to 15k or 20k and the FTSE to 10k and beyond......and then crashes? If they try to prop that up with more buying and printing then its goodbye Viena and hello hyperinflation - because at that stage we will have an obviously rigged stock market on top of a rigged housing market on top of subsidised consumer spending on top of unsustainable public sector debt on top of unsustainable private sector debt. Not much further to go befor it blows up entirely. They are doing a good job of killing the system. Quote Link to comment Share on other sites More sharing options...
200p Posted October 14, 2009 Share Posted October 14, 2009 1987, 1929, 2009 so far. I can't see Obama standing by to let the stock market go to nothing -they'd rather hyperinflate. Just look at the Agentine and Mexico stockmarkets after their currency devaluations [google]. Japan is an exception - the Yen index appeared to strengthen in the 90s, causing stocks and property to go down. Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted October 14, 2009 Share Posted October 14, 2009 Can I remind everyone what our old friend Financial Planner said . . . DOW to go to 15,000 (within this sort of time frame). Quote Link to comment Share on other sites More sharing options...
Minos Posted October 14, 2009 Share Posted October 14, 2009 Whoops! DOW fallen to 9991. Looks like the experts were right after all. You mean DOW blasts back down through 10,000. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 14, 2009 Share Posted October 14, 2009 Gold is the red flashing light. Things are badly wrong. Expect to see fracturing and slow destruction of conomic system over the next year or two (as I've been saying all along). Quote Link to comment Share on other sites More sharing options...
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