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Thank you Dubya (Market is going back up)

Between Friday & today, this is quite impressive.

My 401k is finally above the minimum required for a loan, hopefully it will still be there when the paperwork goes through.

Viper GTS
 
Originally posted by: SaltBoy
I bet the market goes down 400 points tomorrow.

I'm pro-war, but I'm also a realist... 😉
Click to expand...

I bet it will not. Market moves on future, the downward pressure from a war was taken into account weeks and months ago. i think what you are seeing now is a realization that the war will be quick and decisive.

 
This has been predicted for weeks. Unfortunately it will probably only be a temporary bounce, since the economy still stinks and isn't showing any signs of improvement.
 
Originally posted by: CPA
Originally posted by: SaltBoy
I bet the market goes down 400 points tomorrow.

I'm pro-war, but I'm also a realist... 😉
Click to expand...

I bet it will not. Market moves on future, the downward pressure from a war was taken into account weeks and months ago. i think what you are seeing now is a realization that the war will be quick and decisive.
Click to expand...
Oh c'mon, a two day rally means nothing AT ALL. How many times in the past year have people gotten excited about mini-rallies, only to see the market go down further below than the time when the so-called "rally" first started? When the dow gets to about 10,000 again, then maybe I'll perk up my ears. Otherwise, I'll just give the optimism a nice little
rolleye.gif
.


 
Originally posted by: SaltBoy
Originally posted by: CPA
Originally posted by: SaltBoy
I bet the market goes down 400 points tomorrow.

I'm pro-war, but I'm also a realist... 😉
Click to expand...

I bet it will not. Market moves on future, the downward pressure from a war was taken into account weeks and months ago. i think what you are seeing now is a realization that the war will be quick and decisive.
Click to expand...
Oh c'mon, a two day rally means nothing AT ALL. How many times in the past year have people gotten excited about mini-rallies, only to see the market go down further below than the time when the so-called "rally" first started? When the dow gets to about 10,000 again, then maybe I'll perk up my ears. Otherwise, I'll just give the optimism a nice little
rolleye.gif
.
Click to expand...

Hey, for some of us it makes a difference. I've been fighting to get (and subsequently keep) my 401k over the minimum required for withdrawals.

It's nudged over a few times, but has always dropped back below. I'm losing money at a rate greater than 4.5% of my salary.

Woohoo!

Viper GTS
 
Uncertainty is what kills the market. Now that war is certain, fund managers are now gambling that it will be a short war.


The market will go down, once the hype of war is done with, coz ultimately its the real strength of the economy that matters. So people, go out and spend spend spend!


Edit: Typos
 
Originally posted by: NightTrain
I will bump it +250 tomorrow to prove to you that I'm not screwing around here.
Click to expand...
All by yourself, huh? I'll take you up on that bet... 😉

 
Originally posted by: SaltBoy
Originally posted by: CPA
Originally posted by: SaltBoy
I bet the market goes down 400 points tomorrow.

I'm pro-war, but I'm also a realist... 😉
Click to expand...

I bet it will not. Market moves on future, the downward pressure from a war was taken into account weeks and months ago. i think what you are seeing now is a realization that the war will be quick and decisive.
Click to expand...
Oh c'mon, a two day rally means nothing AT ALL. How many times in the past year have people gotten excited about mini-rallies, only to see the market go down further below than the time when the so-called "rally" first started? When the dow gets to about 10,000 again, then maybe I'll perk up my ears. Otherwise, I'll just give the optimism a nice little
rolleye.gif
.
Click to expand...


I took your comment to mean that the market would fall ove 5% based on the war. Is that not what you meant? I didn't say we were in a sustained rally, I said that the talking has finally stopped and this thing will be over soon. The uncertainty has been lifted.

And for a lift to 10K you're talking almost 50% increase in the market. that won't happen for some time.
 
I won't be scoffed at.

I rained out my kid's tball game so I could watch the 12 hours of Sebring. You really don't want to mess with me.
 
Originally posted by: CPA
I took your comment to mean that the market would fall ove 5% based on the war. Is that not what you meant? I didn't say we were in a sustained rally, I said that the talking has finally stopped and this thing will be over soon. The uncertainty has been lifted.

And for a lift to 10K you're talking almost 50% increase in the market. that won't happen for some time.
Click to expand...
Maybe may math's wrong, but wouldn't it require just a 25% increase? 10000/8000 = 1.25? 😕 I admit I don't know everything about the market, but...

 
Originally posted by: SaltBoy
Originally posted by: CPA
I took your comment to mean that the market would fall ove 5% based on the war. Is that not what you meant? I didn't say we were in a sustained rally, I said that the talking has finally stopped and this thing will be over soon. The uncertainty has been lifted.

And for a lift to 10K you're talking almost 50% increase in the market. that won't happen for some time.
Click to expand...
Maybe may math's wrong, but wouldn't it require just a 25% increase? 10000/8000 = 1.25? 😕 I admit I don't know everything about the market, but...
Click to expand...

You are correct, for whatever reason I was thinking the market was in the low 7's meaning a bump of about 3K or so to get it to 10K. ooops.

 
Im keeping all my stocks for a long while. Besides if the market totally crashed and all the businesses just went out....our money wouldn't be worth spit anyway. So what would it matter if the money was tied up in stock or not then?
 
Originally posted by: CPA

I bet it will not. Market moves on future, the downward pressure from a war was taken into account weeks and months ago. i think what you are seeing now is a realization that the war will be quick and decisive.
Click to expand...

An alternative theory I've heard posited is that the potential rebound due to a successful war has already been partially factored into the market, which will blunt the economic effect of a swift Iraq war.

Not that I've changed my investment patterns any, or plan to near or even medium-term future.
 
Originally posted by: XCLAN
my 401k has been at 30,000$ for 2 years now....sux
Click to expand...

Mine has been about 50K for the last two years, but so what? You don't plan on pulling out do you? Look at it this way, you are buying a lot of shares at a low price. As long as the market has an upswing or two before you retire, then you have done well.

 
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