It's over 9000!!!!!!!

[Engineer]

Originally posted by: tboo

Originally posted by: amdhunter
No thanks to Obama.

This

Again, all thanks to Bush for the initial drop. And again, see how that's played? Take it back to P&N. Serious discussions between men/women going on here...no trolls allowed!

 

[mugs]

Originally posted by: SunnyD

Originally posted by: Engineer
By the way, welcome back...to 2003.

Or January. (Briefly)

Or 1998

 

[SunnyD]

Originally posted by: Engineer

Originally posted by: SunnyD

Originally posted by: Engineer

Originally posted by: SunnyD

Originally posted by: JDub02
the market didn't go up, the fed just inflated our currency so much that it looks like the market went up.

keep those printing presses going, boys. pretty soon we'll all be millionaires. too bad a million dollars might not buy a cheeseburger at mcdonalds.

Let me know when the sky is done falling. Not that I'm saying you're totally wrong by any means, but I doubt it's likely to get THAT bad before someone has the balls to stop it.

Currently, the Fed doesn't seem to be worried about inflation for another two years (2011 is when they predict that it will return to normal). They have been more worried about deflation because of the consumer spending and saving habits (which is up to 8% savings rate recently). Of course, YMMV.

They're already talking about raising the rate next sessions.

I've been off for 22 days now and I haven't seen anything about this on CNBC? Fed minutes (which I missed while on vacation)? Last I read they were not concerned and would most likely keep the rate very low for an extended period of time "unless" inflation started inching up.

May have just been a rumor, I can't find where I saw it now. This was from a week or two ago anyway.

 

[Engineer]

Originally posted by: SunnyD

May have just been a rumor, I can't find where I saw it now. This was from a week or two ago anyway.

Click me!

By?BEN BERNANKE

The depth and breadth of the global recession has required a highly accommodative monetary policy. Since the onset of the financial crisis nearly two years ago, the Federal Reserve has reduced the interest-rate target for overnight lending between banks (the federal-funds rate) nearly to zero. We have also greatly expanded the size of the Fed?s balance sheet through purchases of longer-term securities and through targeted lending programs aimed at restarting the flow of credit.

These actions have softened the economic impact of the financial crisis. They have also improved the functioning of key credit markets, including the markets for interbank lending, commercial paper, consumer and small-business credit, and residential mortgages.

My colleagues and I believe that accommodative policies will likely be warranted for an extended period. At some point, however, as economic recovery takes hold, we will need to tighten monetary policy to prevent the emergence of an inflation problem down the road. The Federal Open Market Committee, which is responsible for setting U.S. monetary policy, has devoted considerable time to issues relating to an exit strategy. We are confident we have the necessary tools to withdraw policy accommodation, when that becomes appropriate, in a smooth and timely manner.

 

[Engineer]

Originally posted by: mugs

Originally posted by: SunnyD

Originally posted by: Engineer
By the way, welcome back...to 2003.

Or January. (Briefly)

Or 1998

There's something definitely saddening about watching 14 years worth of 401k contributions (I started in 1995) worth less than the sum of those contributions themselves (In March of this year...not sure if it's ahead yet or not...probably but not by much).

 

[SunnyD]

Originally posted by: Engineer

Originally posted by: SunnyD

May have just been a rumor, I can't find where I saw it now. This was from a week or two ago anyway.

Click me!

By?BEN BERNANKE

The depth and breadth of the global recession has required a highly accommodative monetary policy. Since the onset of the financial crisis nearly two years ago, the Federal Reserve has reduced the interest-rate target for overnight lending between banks (the federal-funds rate) nearly to zero. We have also greatly expanded the size of the Fed?s balance sheet through purchases of longer-term securities and through targeted lending programs aimed at restarting the flow of credit.

These actions have softened the economic impact of the financial crisis. They have also improved the functioning of key credit markets, including the markets for interbank lending, commercial paper, consumer and small-business credit, and residential mortgages.

My colleagues and I believe that accommodative policies will likely be warranted for an extended period. At some point, however, as economic recovery takes hold, we will need to tighten monetary policy to prevent the emergence of an inflation problem down the road. The Federal Open Market Committee, which is responsible for setting U.S. monetary policy, has devoted considerable time to issues relating to an exit strategy. We are confident we have the necessary tools to withdraw policy accommodation, when that becomes appropriate, in a smooth and timely manner.

Oh don't get me wrong - I am more inclined to believe just about anyone over anything I may come across. I'm definitely NOT knowledgeable in this category. I was just restating something I either read or heard, likely second hand, within the past couple weeks.

 

[Gothgar]

Originally posted by: Engineer

Originally posted by: tboo

Originally posted by: amdhunter
No thanks to Obama.

This

Again, all thanks to Bush for the initial drop. And again, see how that's played? Take it back to P&N. Serious discussions between men/women going on here...no trolls allowed!

sorry, but none of it is all thanks to any President, if you hate Bush (not supporting Bush at all) so much why are you giving him so much credit?

The Pres of the US has so little pull on what the market does...

 

[yllus]

Okay, I'll be the first to admit it. I thought of Dragonball Z when I saw the thread title.

 

[Engineer]

Originally posted by: Gothgar

Originally posted by: Engineer

Originally posted by: tboo

Originally posted by: amdhunter
No thanks to Obama.

This

Again, all thanks to Bush for the initial drop. And again, see how that's played? Take it back to P&N. Serious discussions between men/women going on here...no trolls allowed!

sorry, but none of it is all thanks to any President, if you hate Bush (not supporting Bush at all) so much why are you giving him so much credit?

The Pres of the US has so little pull on what the market does...

/woooooossssshhhhhhhhh


I'm giving him credit for the drop from 14,000+ to the 6,000 range. That's not a "good" credit!

 

[SunnyD]

Originally posted by: Engineer

Originally posted by: mugs

Originally posted by: SunnyD

Originally posted by: Engineer
By the way, welcome back...to 2003.

Or January. (Briefly)

Or 1998

There's something definitely saddening about watching 14 years worth of 401k contributions (I started in 1995) worth less than the sum of those contributions themselves (In March of this year...not sure if it's ahead yet or not...probably but not by much).

I have to laugh, though bitter-sweet. I just started my 401k when I started this job last November. I do feel really bad for a lot of people that lost their shirts. My sister for example was looking forward to selling her home and moving, but now because of property reassessments and such she's basically stuck in the house or taking a loss on the sale. So many retirements gone, etc.

BUT... personal responsibility needs to come into play here. I started watching the market, even with my limited investments, simply because it's my future I have to look out for. I'm responsible for my investments, and by god at the first sign of a significant market issue I'm going to do what I can to mitigate any losses myself.

 

[AstroManLuca]

Originally posted by: Safeway

Originally posted by: amdhunter
No thanks to Obama.

Troll.

If you just realized amdhunter was a troll now, you're an idiot.

But actually, you're a troll too.

 

[Engineer]

Originally posted by: SunnyD

Originally posted by: Engineer

Originally posted by: mugs

Originally posted by: SunnyD

Originally posted by: Engineer
By the way, welcome back...to 2003.

Or January. (Briefly)

Or 1998

There's something definitely saddening about watching 14 years worth of 401k contributions (I started in 1995) worth less than the sum of those contributions themselves (In March of this year...not sure if it's ahead yet or not...probably but not by much).

I have to laugh, though bitter-sweet. I just started my 401k when I started this job last November. I do feel really bad for a lot of people that lost their shirts. My sister for example was looking forward to selling her home and moving, but now because of property reassessments and such she's basically stuck in the house or taking a loss on the sale. So many retirements gone, etc.

BUT... personal responsibility needs to come into play here. I started watching the market, even with my limited investments, simply because it's my future I have to look out for. I'm responsible for my investments, and by god at the first sign of a significant market issue I'm going to do what I can to mitigate any losses myself.

Timing might have worked well this time but most people can't time the market. I know people who took it out after a huge chuck of the drop and sure, they didn't drop to the bottom...but the market has now recovered to a point "higher" than what they jumped out at. I guess if enough people jumped out it would drop and they would look like geniuses and if they all jumped back in, again, looked like a genius when the market rocketed up.

Besides, nobody ever advised to start looking at all cash unless you were less than 5 years from retirement. Nobody suggested that 14 years worth of gains would have been wiped out in 1.5 years.

I read an article that stated that if you missed out on the 20 single largest days of the S&P 500 during the 90's, not only did you miss the profit, but you would have been negative. (No, I don't have a link, sorry).

 

[nerdress]

Originally posted by: yllus
Okay, I'll be the first to admit it. I thought of Dragonball Z when I saw the thread title.

this. only you aren't the first...i'm pretty sure you're like, the third.

 

[polarmystery]

Originally posted by: nerdress
...only you aren't the first...i'm pretty sure you're like, the third.

That's what she said.

 

[KeithP]

And after this Holiday shopping seasons tanks again because of high unemployment and lack of consumer confidence it will be back down under 6000 in January.

-KeithP

 

[Special K]

Meanwhile, oil marches up right along with the stock market. :frown:

 

[Engineer]

Originally posted by: Special K
Meanwhile, oil marches up right along with the stock market. :frown:

Yes, gas started going up again here (Lexington, KY) too. It had been going down nicely (finally) until the last few days!

 

[SunnyD]

Originally posted by: Special K
Meanwhile, oil marches up right along with the stock market. :frown:

My company's business is directly tied to the oil market. As painful as it is to say - I'm somewhat grateful for rising oil prices - means I get to keep my job.

 

[Engineer]

Originally posted by: KeithP
And after this Holiday shopping seasons tanks again because of high unemployment and lack of consumer confidence it will be back down under 6000 in January.

-KeithP

You should be shorting the shit out of it then!

 

[MiniDoom]

cool, i'm going to go max out all my credit cards now. maybe get a home equity line of credit to spend on hookers and blow.

 

[Engineer]

Originally posted by: SunnyD

Originally posted by: Special K
Meanwhile, oil marches up right along with the stock market. :frown:

My company's business is directly tied to the oil market. As painful as it is to say - I'm somewhat grateful for rising oil prices - means I get to keep my job.

While it may be good for you, I (and many others) feel that oil prices were the straw that broke the camel's back and sent us into full blown recession. Millions of jobs lost (could have happened without the high oil prices but definitely harder recession because of it).

Originally posted by: rdubbz420
cool, i'm going to go max out all my credit cards now. maybe get a home equity line of credit to spend on hookers and blow.

Good. Helps the economy. By the way, what's the return rate on Hookers and Blow these days?

 

[Special K]

Originally posted by: SunnyD

Originally posted by: Special K
Meanwhile, oil marches up right along with the stock market. :frown:

My company's business is directly tied to the oil market. As painful as it is to say - I'm somewhat grateful for rising oil prices - means I get to keep my job.

Yeah, but look how volatile the price has been lately. It hit as low as $33 in December. Then it peaked at ~$70 in June, then it dropped to about $55, now it's back near $70 again.

I wouldn't be suprised if most of oil's recent movement has been due more to speculators rather than actual producers/consumers of oil.

 

[PlasmaBomb]

Originally posted by: Engineer

Originally posted by: AyashiKaibutsu
WHAT? OVER 9000!?

Click the Smiley!

(not mine, the OP's).

Hurry, because it has started falling since the OP posted!

You fail at dragonball...

 

[dullard]

Well I'm going to rebalance today. Move from stocks into bonds. I last rebalanced right at the March bottom (March 5th). Time to reap those nice rewards.

 

[imported_Imp]

Damn. I only dumped some money into mutual funds after the dip two weeks ago. Should have went all in.

Oh, and the Bank of Canada says that the recession is over... I lol'd.