The Dow closes over 14,000

[ThePresence]

:thumbsup:

On CNN.com right now.

 

[AmpedSilence]

holy cow... so what happens now? ***quickly withdraws money from accounts and stuffs in mattress waiting for the world to collapse.***

but in all seriousness; what does it actually mean?

 

[jpeyton]

Overvalued.

 

[AMCRambler]

Originally posted by: jpeyton
Overvalued.

In a word...yes.

 

[paulney]

Originally posted by: jpeyton
Overvalued.

What do you think it will correct to?

 

[waggy]

Originally posted by: AMCRambler

Originally posted by: jpeyton
Overvalued.

In a word...yes.

that was said when it went over 10,000

 

[fuzzybabybunny]

Yup. A large part of it has to do with huge companies like Walmart and Conoco and Johnson and Johnson buying back huge amounts of their stock, thus artificially overvaluing their stock while actual earnings stay the same.

 

[dullard]

Originally posted by: AmpedSilence
but in all seriousness; what does it actually mean?

It means the news will be all over it. Even though it was an incremental increase.

It means those who are withdrawing from retirement funds now are happy.

It means those who are saving for retirement now will be poorer when we retire.

It means people who are daytraders either are richer or poorer today.

 

[ElFenix]

Originally posted by: fuzzybabybunny
Yup. A large part of it has to do with huge companies like Walmart and Conoco and Johnson and Johnson buying back huge amounts of their stock, thus artificially overvaluing their stock.

how is that artificial? it's all supply and demand.

anyway, there is no such thing as overvalued. just value.

 

[fuzzybabybunny]

Originally posted by: ElFenix

Originally posted by: fuzzybabybunny
Yup. A large part of it has to do with huge companies like Walmart and Conoco and Johnson and Johnson buying back huge amounts of their stock, thus artificially overvaluing their stock.

how is that artificial? it's all supply and demand.

anyway, there is no such thing as overvalued. just value.

I mean artificial in the sense that the increase isn't due to the companies actually earning more. It's higher simply because there are fewer stocks out there now due to the buybacks, and so supply is low, demand is high, and stock prices are becoming inflated.

 

[sao123]

Originally posted by: fuzzybabybunny

Originally posted by: ElFenix

Originally posted by: fuzzybabybunny
Yup. A large part of it has to do with huge companies like Walmart and Conoco and Johnson and Johnson buying back huge amounts of their stock, thus artificially overvaluing their stock.

how is that artificial? it's all supply and demand.

anyway, there is no such thing as overvalued. just value.

I mean artificial in the sense that the increase isn't due to the companies actually earning more. It's higher simply because there are fewer stocks out there now due to the buybacks, and so supply is low, demand is high, and stock prices are becoming inflated.

and dont forget about the ever weakening power of the dollar...

 

[Sinsear]

But I thought the economy sucked...

 

[HeroOfPellinor]

Originally posted by: paulney

Originally posted by: jpeyton
Overvalued.

What do you think it will correct to?

He doesn't have a clue. Doom and gloom about the US is all he's got.

 

[Hacp]

Originally posted by: Sinsear
But I thought the economy sucked...

The economy is good for the richest 5%. It sucks for everyone else.

 

[eelw]

Wonder why the Nasdaq hasn't rebounded yet? Once it hit 6000+, then the bubble just burst.

 

[JohnCU]

my 401k didn't increase that much today, except by $0.02

 

[Adn4n]

Too bad that all manufacturing jobs are still going to China since Mexico is too expensive. Hail to the 5%.

 

[spidey07]

Look at the 5 year line. It's incredible.

 

[JoeyM]

Originally posted by: spidey07
Look at the 5 year line. It's incredible.

What's the 5 year line?

 

[spidey07]

Originally posted by: JoeyM

Originally posted by: spidey07
Look at the 5 year line. It's incredible.

What's the 5 year line?

The DOW over the last 5 years. Look at it from late 2002 till now.

 

[ultimatebob]

Originally posted by: spidey07
Look at the 5 year line. It's incredible.

The 10 year line still looks scary thanks to the "dot bomb" and 9-11, though. It also makes it look like we're due for a massive correction.

 

[spidey07]

Originally posted by: ultimatebob

Originally posted by: spidey07
Look at the 5 year line. It's incredible.

The 10 year line still looks scary thanks to the "dot bomb" and 9-11, though. It also makes it look like we're due for a massive correction.

Meh, this bull is sharpening his horns. The bulls are back in swing baby!

Yeah!

 

[IAteYourMother]

Originally posted by: spidey07

Originally posted by: ultimatebob

Originally posted by: spidey07
Look at the 5 year line. It's incredible.

The 10 year line still looks scary thanks to the "dot bomb" and 9-11, though. It also makes it look like we're due for a massive correction.

Meh, this bull is sharpening his horns. The bulls are back in swing baby!

Yeah!

Too bad the Bear seems to be on the hunt.

 

[everman]

It looks like the Fed won't be raising rates for a while, this makes investors happy.

 

[Imdmn04]

Nasdaq is still sh!t compared to 2000.

Dollar is still pretty weak against Euro.