Golden Shower Posted October 3, 2006 Share Posted October 3, 2006 Made a record high the other day, consolidated and now making it's move up. Hope you guys didn't ditch all your pension funds/stocks in a bearish fit. You wouldn't do that, would you? Wall Street, we have lift off. Quote Link to comment Share on other sites More sharing options...
Margret Thatcher Posted October 3, 2006 Share Posted October 3, 2006 I reckon the US "bubble sitters" have decided to pile into the Dow whilst they wait for the US housing market correction. I thought a similar thing would happen here (I sold out of property and invested in stocks and commodities) but like a lot of long termers here I was slightly premature with my timing on the UK housing market. I'd like to think I'm still right and we will see profit taking in the UK housing market being re-invested in the financial markets. I'm starting to understand the psychology of wanting to own a house. The wife’s getting pissed off living in (what I think is pretty nice) rented accommodation even though she agrees the housing market is bananas. This helps me understand why it’s taken so long to correct. I think a lot of posters on HPC underestimate the British desire to own and how strong sentiment is towards property. I guess a few will tell me to slap my bitch up and tell her how lucky she is and miss the point. Sentiment is the key (followed by affordability and availability of credit). Quote Link to comment Share on other sites More sharing options...
Rain'ard Posted October 3, 2006 Share Posted October 3, 2006 I guess a few will tell me to slap my bitch up and tell her how lucky she is and miss the point. I won't I think you should agree to her wishes, when the time is right of course Quote Link to comment Share on other sites More sharing options...
oracle Posted October 3, 2006 Share Posted October 3, 2006 I reckon the US "bubble sitters" have decided to pile into the Dow whilst they wait for the US housing market correction. I thought a similar thing would happen here (I sold out of property and invested in stocks and commodities) but like a lot of long termers here I was slightly premature with my timing on the UK housing market. I'd like to think I'm still right and we will see profit taking in the UK housing market being re-invested in the financial markets. I'm starting to understand the psychology of wanting to own a house. The wife’s getting pissed off living in (what I think is pretty nice) rented accommodation even though she agrees the housing market is bananas. This helps me understand why it’s taken so long to correct. I think a lot of posters on HPC underestimate the British desire to own and how strong sentiment is towards property. I guess a few will tell me to slap my bitch up and tell her how lucky she is and miss the point. Sentiment is the key (followed by affordability and availability of credit). the asset rotation is only just beginning!!!!....some of the smart ones have been shifting for 2 or 3 years now,but the muppets are still focussed on property....just wait until they all head for the same exit!!!!.....the stock market will benefit immensely from all this extra "dumb" money coming in!!!!!! I went long of stocks 3 years ago. Quote Link to comment Share on other sites More sharing options...
MarkG Posted October 4, 2006 Share Posted October 4, 2006 The Dow has finally got back to where it was.... six years ago. In the meantime inflation means that in real terms it's probably around 30% below the 2000 peak. And there's an election coming up shortly, for which Bush wants a 'booming' economy... as if by magic, the Dow rises and oil drops. That said, if people are rushing to the exits in the housing market and dumping that money into the stock market, it could be a good bet for a while. Quote Link to comment Share on other sites More sharing options...
CrashDive Posted October 4, 2006 Share Posted October 4, 2006 Made a record high the other day, consolidated and now making it's move up. Hope you guys didn't ditch all your pension funds/stocks in a bearish fit. You wouldn't do that, would you? Wall Street, we have lift off. It is the muppets who piled into property and out of pension funds/stocks who are being decimated. Try and understand that GS, there's a good lad... Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted October 4, 2006 Share Posted October 4, 2006 Dow Is Taking Off Made a record high the other day, Okay, let me help you: This is taking off : Please not the proximity of shuttle and ground - the lowest point it has ever seen. This is making a record high: Note how far the ground is below said shuttle. Now do you see that it is impossible for the Dow to be both "hitting a record high" and "taking off"? No? Whatever.... Quote Link to comment Share on other sites More sharing options...
no dice Posted October 4, 2006 Share Posted October 4, 2006 Previous DJIA peak was 11,722 in Jan 2000. Assuming inflation of 2.5% PA for 6 years it'll have to reach 13,594 before I'll take the Krug out of the fridge. And anyway the DJIA records just 30 stocks - the S&P 500 gives a more complete picture: a peak of 1,527 in Mar 2000 and at just 1,336 today. Quote Link to comment Share on other sites More sharing options...
bpw Posted October 4, 2006 Share Posted October 4, 2006 One point to note here is who was wrong and who was right! - Dr Bubb on Gold and House Prices? - UnRealisticBear on House Prices and the Markets? And who got it about right? http://www.housepricecrash.co.uk/forum/ind...c=25196&hl= As I sit here with a self appointed laurel protruding from my head and champagne sprayed over my F1 leathers I cant help but be alittle amused at the way predictions are made without assessing the fundamentals. One clear reason for the success of the US economy is their policy of a weak dollar which has boosted the cash coffers of those corportations who deal in international trade. Recall that the dollar was trading at 95c to one Euro just 5 years ago whereas now it is around 1.28. Thats a HUGE advantage. The other factor is their unspoken open borders policy which allows cheap (very cheap) mexican labor to walk across the desert and do work which second generation Americans now feel is unsuited to them. Another HUGE advantage. As for the UK, at some point britains younger generation will start to say enough is enough. At that point emigration will be the only option that allows you to save for your retirement instead of paying for someone elses. Just count the number of people in public service, on benefits or drawing a pension and weep. Perhaps it was inevitable but remember you only have yourselves to blame. Quote Link to comment Share on other sites More sharing options...
Golden Shower Posted October 4, 2006 Author Share Posted October 4, 2006 Okay, let me help you: This is taking off : Please not the proximity of shuttle and ground - the lowest point it has ever seen. This is making a record high: Note how far the ground is below said shuttle. Now do you see that it is impossible for the Dow to be both "hitting a record high" and "taking off"? No? Whatever.... Did your boyfriend sh*g you up the ar$e and not give you a turn around again? Quote Link to comment Share on other sites More sharing options...
DabHand Posted October 4, 2006 Share Posted October 4, 2006 Its called a reach around... gee some hetero's. Quote Link to comment Share on other sites More sharing options...
Cuckoo Posted October 4, 2006 Share Posted October 4, 2006 Its called a reach around... gee some hetero's. oooh, saucy! Quote Link to comment Share on other sites More sharing options...
Golden Shower Posted October 4, 2006 Author Share Posted October 4, 2006 Apologies. For no good reason I feel the need to post pointless and offensive messages from time-to-time. I think I have a form of internet tourettes. Anyway the Dow is +100, although I would agree that it's probably not a great measure of the wider market at all. Quote Link to comment Share on other sites More sharing options...
gordonbrown Posted October 4, 2006 Share Posted October 4, 2006 Anyway the Dow is +100, although I would agree that it's probably not a great measure of the wider market at all. S'cause they are going to cut intrest rates. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.