Anyone remember a book called, "DOW 36,000"? Ha!

[jehh]

Yea, seems kinda silly now, but everyone 2 years ago was talking about how the market would triple within 5 years...

I'd like to see it up 30% in 5 years now...

I'm depressed...

Jason

 

[bigbigsavings]

I remember laughing to my friends how I doubled my money on my "US Index" fund. Should have pulled out at the top, doh doh doh.

Alex

 

[jehh]

<< I remember laughing to my friends how I doubled my money on my "US Index" fund. Should have pulled out at the top, doh doh doh.

Alex >>



Yea...

I've lost more money in the last 9 months than I've earned in the last 3 years...

Had I sold a year ago, I could not work for the next 3 years on the difference...

OUCH, that sucks...

Jason

 

[sandorski]

Hehe, yea I remember that book being promoted.

Somewhat related, though unfortunate, does anyone remember those "surpluses" that recent tax cuts are based on?

 

[calpha]

Yah, I remeber that book.

This has sucked big n!tz for me, but I have learned an important lesson.

Buy good companies, research research research, screw teh analysts, and never, never be afraid to sell.

And don't second guess yourself, that's why I lost so much b/c I was scared to sell, and wanted teh negative profit margin to be less.

 

[StageLeft]

Time and time again its glaringly obvious to us all that very very very very few people really have the first clue about the future. This is why the vast majority of professional traders still can't get a significant edge on the market, and many don't even do as well. There has yet to be an adequate model to predict how the market is going to go because of so many millions of factors (or at least hundreds of major ones).

 

[Logix]

LOL, article printed in the Wall Street Journal on March 17, 1999:

Stock Prices Are Still Far Too Low

Contrary to Alan Greenspan's famous warning -- made on Dec. 5, 1996, with the Dow at 6437 -- investors today are rationally exuberant. They are bidding up the prices of stocks because stocks are a great deal. Dow 10000 is just for starters. How high will the market go? We'll give you a hint: The title of our book, to be published this fall by Times Books, is "Dow 36,000." Using sensible assumptions, we are comfortable with prices rising to three or four times their current levels. Our calculations show that with earnings growing in the long term at the same rate as the gross domestic product and Treasury bonds below 6%, a perfectly reasonable level for the Dow would be 36000 -- tomorrow, not 10 or 20 years from now...

In short, investors' enthusiasm is well founded. The risks of stock investing -- never so great as imagined -- really have declined. In 1952, a New York Stock Exchange survey found that only 4% of Americans owned equities; today, the figure is nearing 50%. It is this broad ownership of stocks that is the most profound evidence that investors have become more rational and that Dow 10000 is only the beginning.

 

[StageLeft]

ROFL!!