View Full Version : Dow closes at all time high, nears 13000
KW4MW
04-22-2007, 12:48 PM
Exxon Mobile up $2.30
Dow nears 13,000 on strong earnings (http://news.yahoo.com/s/nm/20070421/bs_nm/markets_stocks_dc;_ylt=Ai8ebWWNBjuWL1J7UmENSh4T5LI F)
Quote[/b] ]Momentum is clearly in the bull favor," said Joseph Battipaglia, chief investment officer at Ryan Beck & Co, in Philadelphia. "We're in the midst of earnings season. By and large it has come in as expected, and recent economic data keeps suggesting an economy that is slow but not slowing further."
Yes, there will be a very mild correction Monday with some profit taking but I look for the market to remain bullish for the next few weeks
The market has been trending up for about a month now.
I'll repeat what I said when we had that big drop a couple of months back: The market goes up and it goes down. Always has, and always will. One can make money either way.
KW4MW
04-22-2007, 01:13 PM
Yep
kc7jty
04-23-2007, 02:03 AM
"Dow closes at all time high, nears 13000, Where are yesterdays Nay Sayers"?
You're forgeting the dollar is currently worth 6 1/2 cents. The freefall from a tall building isn't the problem, it's the meeting with the ground that has it's drawbacks.
W1GUH
04-23-2007, 02:18 AM
OK, who here is better off that the market's "up?". I'm neutral...neither better or worse. You?
kg4kww
04-23-2007, 02:40 AM
This is why I'm proud to be a Republician. The Republicams made it happen with tax cuts.
That's why John (D Student) Kerry and his "Worst economy since the great depression", is still John (D Student) Kerry.
http://www.capmag.com/articlePrint.asp?ID=3913
KD6NIG
04-23-2007, 03:09 AM
No, the oil companies did it with gas costs.
$3.40 for 87 today. No wonder their stock is so high.
Quote[/b] ]Higher oil prices aided the rally, lifting shares of Exxon Mobil Corp. (NYSE:XOM - news) to an all-time high and boosting shares of other energy companies.
[...]
Crude oil rose on concerns that weekend elections in Nigeria, the world's eighth-largest exporter, could spark turmoil and lead to supply disruptions. Crude for May delivery gained $1.55 to settle at $63.38 a barrel.
Exxon shares rose 3 percent to $79.76, and reached an all-time high of $79.80
Hm, could outsourcing and job cuts be helping this false economic picture?
In recent news a Google of the term "personell cuts" turns up over 2,000 hits. "Outsourcing" gets an additional 9,000 hits. Just in the last month. Don't take my word for it, google it yourself.
While housing is doing slightly better, the same thing happened last year and developers started selling land cheap by June. Time will tell how long this lasts.
AE6IP
04-23-2007, 05:52 AM
Stock market indices are among the worst indicators of the status of the economy.
kc7jty
04-23-2007, 05:59 AM
Quote[/b] (W1GUH @ April 22 2007,19:18)]OK, who here is better off that the market's "up?". #I'm neutral...neither better or worse. #You?
not in the short term but my 90 year old father has lots of oil stock. The nursing home will be very happy.
kc7jty
04-23-2007, 06:01 AM
Quote[/b] (KD6NIG @ April 22 2007,20:09)]No, the oil companies did it with gas costs.
$3.40 for 87 today. #No wonder their stock is so high.
spoken like a true forney 6 lander. $2.75 here.
Quote[/b] (kc7jty @ April 22 2007,18:03)]"Dow closes at all time high, nears 13000, Where are yesterdays Nay Sayers"?
You're forgeting the dollar is currently worth 6 1/2 cents. The freefall from a tall building isn't the problem, it's the meeting with the ground that has it's drawbacks.
I more than doubled my 401K in 24 months, but that is because I stuck my money in foreign funds, which is were the real action is. In real terms, the Dow has been trending steadily lower. It needs to get up around 16,000 to break even during Junior's years.
kc7jty
04-23-2007, 06:13 AM
It's just like going into the casino and placing a bet on roulette. Nothing is guaranteed.
Don't we all feel secure with W's hand at the helm? He might just decide to steer a course directly into the rocks.
Davey, I see your bulb is lit.
Quote[/b] (AE6IP @ April 23 2007,01:52)]Stock market indices are among the worst indicators of the status of the economy.
And the Dow Jones is one of the worst indicators of the market. Anybody who has ever known anything about the maket know that the Nasdaq has traditionally been a more accurate thermometer. But don't tell that to the ditto-heads.
http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
KW4MW
04-23-2007, 11:59 AM
Quote[/b] (n2nh @ April 23 2007,06:52)]Quote[/b] (AE6IP @ April 23 2007,01:52)]Stock market indices are among the worst indicators of the status of the economy.
And the Dow Jones is one of the worst indicators of the market. #Anybody who has ever known anything about the maket know that the Nasdaq has traditionally been a more accurate thermometer. #But don't tell that to the ditto-heads.
http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
But John - wasn't it you who was gleefully reporting the big drop in the Dow only a few weeks ago? #You didn't seem to be too concerned about it being one of the "worst indicators" then.
Methinks you cherry pick your data points.
And that was my whole point in starting this thread - just to see how long it would take for your hypocrisy to shine through. #
Gotcha!
KG6JTB
04-23-2007, 02:03 PM
Quote[/b] (n2nh @ April 22 2007,04:52)]Quote[/b] (AE6IP @ April 23 2007,01:52)]Stock market indices are among the worst indicators of the status of the economy.
And the Dow Jones is one of the worst indicators of the market. #Anybody who has ever known anything about the maket know that the Nasdaq has traditionally been a more accurate thermometer. #But don't tell that to the ditto-heads.
http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
And the S&P is a better indicator of the overall market because it's a broader index.
Unfortunately, there are still people on this board who believe Bush's tax cuts are the stimuli for the economy, when it's the energy sector that is driving the momentum in the market.
The tax cuts allow you to tolerate higher costs at the pump. Unfortunately, all business is affected because oil drives up transportation costs. In the end, you end up cost-neutral. But the government is in a larger hole (debt) and their is a few wealthier oil executives buying vacation homes.
Dave
KG6JTB
Quote[/b] (kg4kww @ April 22 2007,21:40)]This is why I'm proud to be a Republician. The Republicams made it happen with tax cuts.
And as usual, Republicans know zero about economics.
W3MIV
04-23-2007, 03:22 PM
The economy at present is not so strong as some would have you believe. There are lots of clouds on the horizon, and the long-term view is not so sanguine in my opinion. Keep the sword and buckler close to hand if you are heavily invested in stocks.
The markets are rather poor indicators of the state of the economy as others here have noted. The solitary impetus of the markets is simple greed, as Gordon Gecko reminded us long before he reinvented himself as the spokesman for GEICO.
http://www.qrz.com/iB_html/non-cgi/emoticons/wink.gif
The stock markets follow, rather than lead, and they almost always over-react. The major worry in this age is that the small investor is severely handicapped by the fast-trading capacities of the Big Boys. The rules of the exchanges are still in need of some revisions, though they have put some safeguards in place since 1987.
KW4MW
04-23-2007, 03:36 PM
Quote[/b] ] Keep the sword and buckler close to hand if you are heavily invested in stocks.
Or at least maintain your sell stop orders
More from the what the DEMS call "The worst economy since the Great Depression".
http://www.usatoday.com/printed....art.htm (http://www.usatoday.com/printedition/money/20070423/1b_dowstreak23.art.htm)
Quote[/b] (KW4MW @ April 23 2007,07:59)]Quote[/b] (n2nh @ April 23 2007,06:52)]Quote[/b] (AE6IP @ April 23 2007,01:52)]Stock market indices are among the worst indicators of the status of the economy.
And the Dow Jones is one of the worst indicators of the market. Anybody who has ever known anything about the maket know that the Nasdaq has traditionally been a more accurate thermometer. But don't tell that to the ditto-heads.
http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
But John - wasn't it you who was gleefully reporting the big drop in the Dow only a few weeks ago? You didn't seem to be too concerned about it being one of the "worst indicators" then.
Methinks you cherry pick your data points.
And that was my whole point in starting this thread - just to see how long it would take for your hypocrisy to shine through.
Gotcha!
Because Mikey, you always have to find fault with the facts. You want wiggle room because you can't deal with them. So I've started parceling them out so that you can digest them in little tiny bite sized pieces. This isn't even the tip of the iceberg.
Don't throw up too far, as I've said, it's been known for years that the Dow isn't an accurate indicator. But I'm sure that an extremely well educated scholar such as yourself doesn't need lil' ol' me to tell him that. Like I said, don't tell that to the ditto heads who are so hypocritical, they think the rest of the world is just like them.
And no it wasn't with glee that I mentioned that, but with an eye toward accuracy. Ah, so close but SO wrong.
http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
Quote[/b] (al2i @ April 22 2007,19:07)]Quote[/b] (kc7jty @ April 22 2007,18:03)]"Dow closes at all time high, nears 13000, Where are yesterdays Nay Sayers"?
You're forgeting the dollar is currently worth 6 1/2 cents. The freefall from a tall building isn't the problem, it's the meeting with the ground that has it's drawbacks.
I more than doubled my 401K in 24 months, but that is because I stuck my money in foreign funds, which is were the real action is. #In real terms, the Dow has been trending steadily lower. #It needs to get up around 16,000 to break even during Junior's years.
I"m so glad you said that because that is exactly where my financial advisor said to put it and sure nuff, in 2 months, made about 25k.
K2WH
For all the rest of us that don't know everything like Mikey da scholar does, here's the rest of the story. A scholarly article on the DJIA and why it sucks as an accurate indicator. It brings up the way it performed in the past notably during the mini-crash of '97 and the crash of '87.
* University of Rochester Commissioned Study for the Brookings-Wharton Conference on Finanacial Institutions * (http://schwert.ssb.rochester.edu/bw1297.pdf)
I'll bet Mikey da Scholar knows who was President in '87 without even looking it up.
http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
N3ATS
04-24-2007, 01:42 AM
IS the DJIA based on Blue Chip stocks? Like Exxon, GM, WalMart, etc? The heavy hitters?
Does a higher DJ number really mean that the average Joe is doing better?
KW4MW
04-24-2007, 01:44 AM
Lousy spin attempt John - it took you a while to come up with that pathetic excuse of a reply. #Nice of you to try to shift the blame in my direction though. #Find fault with facts? #When you say one thing and then a few days later you contradict yourself - well yeah I find fault with that particulary when you try to pass off your own biased opinions as facts. #
The fact remains that not too long ago the Dow took a big dip and you were all over it like white on rice, proclaiming it to be a harbinger of worse things to come. #Now that the Dow has reached an all time high you're downplaying its significance. Not even an original post in that regard - you took 6IP's opinion and ran with it.
Student of the market? - you betcha I am and if I wanted to I could probably do a google search to refute Schwert's report - financial guru's like Schwerts are a dime a dozen, look hard enough and you'll find an expert that represents your point of view - much in the same manner as your cherry picked political posts. #Yeah, I'm impressed that Schwert figured out why the market folded 10 years after the fact. #Wow. #It seems that most of the good market analysts had it figured out the next day or two. #Has he figured out why the Colts beat the Bears in the last Super Bowl or is he still gathering data for his research?
The Dow or the DJIA is one of many market indicators. #It does not reflect the broad market range however it has it's merits just much as the NYSE and Nasdaq composites and the S&P 500, Russell and Wilshire Indices. # Anyone that dismisses any of those indicators as unimportant is showing their ignorance.
Sorry Mikey, I have a life. I hope you didn't miss me too much. http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
As far as Dr. Schwert, he is hardly a guru. His qualifications are - Gleason Professor of Finance and Studies, William E. Simon Graduate School of Business Administration, University of Rochester and National Bureau of Economic Research.
He was Commissioned by the Wharton School of Business, the world's first collegiate business school with 31,000 alumni in 140 countries. The Brookings Institution also commissioned this study - more on them HERE. (http://www.brookings.edu/lib/history_hp.htm)
Mikey, I gotta say you must be one heck of a scholar to go against some of the top business colleges and brains in the world. What business school did you get your post-graduate business degree in?
Oh, and just because I'm using facts to refute this futile attempt you are making at being a poor man's inquisition does NOT make it spin, Mikey. It just means you're drowning in the usual talking-points when the facts sink that ship. BTW, the market has yet to close at the 13,000 mark. It has NOT broken the record until it does, but I'll bet smarty a.. pants you already knew that.
Anybody who knows anything about the market knows the DJIA is a very poor indicator of the market. I wish you luck. You've apparently had a lot of that so far playing the market while knowing so very little about the market.
Quote[/b] (N3ATS @ April 23 2007,21:42)]IS the DJIA based on Blue Chip stocks? Like Exxon, GM, WalMart, etc? The heavy hitters?
Does a higher DJ number really mean that the average Joe is doing better?
A) Not unless he has stocks in a DJIA company that has gone up.
B) Usually the market goes UP when jobs are outsourced or when unemployment goes UP. Why? Because even though a company does less business and is smaller when it downsizes, it still saves money. Saves money outsourcing. What does that do for the average Joe??
C) This particular upswing is being financed with a combination of monies being spent on the war and oil prices skyrocketing. It went up over a buck a barrel yesterday alone. Average Joe are you any richer? Probably poorer. Look at the pump when you go to fill up.
D) Anybody can tell you (including a dozen friends and acquaintances I've known and one girlfriend I've had who were all stock traders) that the Nasdaq and Standard and Poors are much better indicators. Average Joe without stocks yawns.
E) As I've said, don't mention it to the ditto-heads. They get confused by facts. Especially if that fat jerk on their AM radio hasn't told them so. http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
KW4MW
04-24-2007, 11:58 AM
Sorry Johnnie - Dr. Schwert may have credentials as long as my arm - I'm not impressed. #If it took him ten years to come up with a theory as to why the Dow dipped in 87 and in his opinion it isn't #a very good indicator then he isn't very market savvy and I hope that he has all his investments in CD's. #I'd rather get my investing advice from someone who knows today's market instead of some ivy towered academic whose research was 10 years old by the time he got it published and is hopelessly out of date today. #I don't know how long it took for you to google and find that obscure little article to prove your lame point - but good God man - at least use something current. #
I've been investing in the market for over thirty years and I've consistently made money in bull markets and bear markets. #My references for the most part are the online research services offered by my broker and the IBD or Investors Business Daily not some lame advice from some crusty old academically sheltered curmudgeon with tenure.
#
Just remember:
Bulls make money
Bears make money
Hogs get slaughtered
Betcha old man Schwert didn't tell you that. http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
Hm, Schwert has credentials and you have claims that you cannot back up. Sorry scholar Mikey, with the kinds of returns that you're claiming a steel home doesn't cut it.
http://www.qrz.com/iB_html/non-cgi/emoticons/sad.gif
Let me know when you get one of these:
http://i13.tinypic.com/478unh4.jpg
KW4MW
04-24-2007, 01:58 PM
Quote[/b] (n2nh @ April 24 2007,09:24)]Hm, Schwert has credentials and you have claims that you cannot back up. #Sorry scholar Mikey, with the kinds of returns that you're claiming a steel home doesn't cut it.
http://www.qrz.com/iB_html/non-cgi/emoticons/sad.gif
Let me know when you get one of these:
http://img185.imageshack.us/img185/3186/tajla7.jpg
Schwert #<snort!>
Like most liberals you equate degrees of education to intelligence. #Most of those guys couldn't hack it in the real world where you have to make split second decisions. #No they sit in their little ivy towers, supported by like minded minions and procede to tell the rest of the world how things should be run. #Unfortunately you libs, in an attempt to make yourself feel important and to be on a par with their "intelligence" buy into their little theories of how the world "ought to be". #Of course they all have tenure so they can safely run off at the mouth without having to suffer the consequences.
There's a big difference between how the world 'ought to be' and the reality of what it really is - that's the big hang up you libs have, you want everything to go the way you think is fair to you instead of adapting to reality. #
Sorry Johnie - I'll listen to a professional that's active in his field and can give me real time data as opposed to an old phart that can only opine on something that happened a decade earlier. #
But you go right ahead and believe Schwart -er- Schwert and maybe if you google long enough you can find another curmudgeon to support your lame beliefs.
By the way, nice pic. #Probably worth a lot more that a $120 million rathole apartment building that you don't own. # http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
Quote[/b] (KW4MW @ April 24 2007,09:58)]Quote[/b] (n2nh @ April 24 2007,09:24)]Hm, Schwert has credentials and you have claims that you cannot back up. Sorry scholar Mikey, with the kinds of returns that you're claiming a steel home doesn't cut it.
http://www.qrz.com/iB_html/non-cgi/emoticons/sad.gif
Let me know when you get one of these:
http://img185.imageshack.us/img185/3186/tajla7.jpg
Schwert <snort!>
Like most liberals you equate degrees of education to intelligence. Most of those guys couldn't hack it in the real world where you have to make split second decisions. No they sit in their little ivy towers, supported by like minded minions and procede to tell the rest of the world how things should be run. Unfortunately you libs, in an attempt to make yourself feel important and to be on a par with their "intelligence" buy into their little theories of how the world "ought to be". Of course they all have tenure so they can safely run off at the mouth without having to suffer the consequences.
There's a big difference between how the world 'ought to be' and the reality of what it really is - that's the big hang up you libs have, you want everything to go the way you think is fair to you instead of adapting to reality.
Sorry Johnie - I'll listen to a professional that's active in his field and can give me real time data as opposed to an old phart that can only opine on something that happened a decade earlier.
But you go right ahead and believe Schwart -er- Schwert and maybe if you google long enough you can find another curmudgeon to support your lame beliefs.
By the way, nice pic. Probably worth a lot more that a $120 million rathole apartment building that you don't own. http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
Yet, interestingly, I'm not the one living in tornado bait claiming to have all that money from the Stock Market now am I? At least this place has stood up to an explosion, 3 microbursts of over 100 MPH, and one hurricane. Do you really think doctors and lawyers would live in a rathole? That little lie might make you feel superior, but the reality is that unlike you, I'm not making all these claims that I can't back up. Sorry Mikie your reality doesn't match your claims of grandeur. Too bad you have to take out all that anger on anybody who notices. Go wash some paper plates.
Meltdown Mikie does it again.
http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
n2ize
04-24-2007, 03:42 PM
Quote[/b] (W3MIV @ April 23 2007,08:22)]The economy at present is not so strong as some would have you believe. There are lots of clouds on the horizon, and the long-term view is not so sanguine in my opinion. Keep the sword and buckler close to hand if you are heavily invested in stocks.
The markets are rather poor indicators of the state of the economy as others here have noted. The solitary impetus of the markets is simple greed, as Gordon Gecko reminded us long before he reinvented himself as the spokesman for GEICO.
http://www.qrz.com/iB_html/non-cgi/emoticons/wink.gif
The stock markets follow, rather than lead, and they almost always over-react. The major worry in this age is that the small investor is severely handicapped by the fast-trading capacities of the Big Boys. The rules of the exchanges are still in need of some revisions, though they have put some safeguards in place since 1987.
Well spoken and a very accurate and intelligent synopsis of the basic workings of the economy. See, we actually do agree on certain things.
Quote[/b] (n2ize @ April 24 2007,11:42)]Quote[/b] (W3MIV @ April 23 2007,08:22)]The economy at present is not so strong as some would have you believe. There are lots of clouds on the horizon, and the long-term view is not so sanguine in my opinion. Keep the sword and buckler close to hand if you are heavily invested in stocks.
The markets are rather poor indicators of the state of the economy as others here have noted. The solitary impetus of the markets is simple greed, as Gordon Gecko reminded us long before he reinvented himself as the spokesman for GEICO.
http://www.qrz.com/iB_html/non-cgi/emoticons/wink.gif
The stock markets follow, rather than lead, and they almost always over-react. The major worry in this age is that the small investor is severely handicapped by the fast-trading capacities of the Big Boys. The rules of the exchanges are still in need of some revisions, though they have put some safeguards in place since 1987.
Well spoken and a very accurate and intelligent synopsis of the basic workings of the economy. See, we actually do agree on certain things.
And pretty much what Schwert was saying in the study he conducted. Seems we are all in agreement. Well almost all.
n2ize
04-24-2007, 03:56 PM
Quote[/b] (KW4MW @ April 24 2007,04:58)]Sorry Johnnie - Dr. Schwert may have credentials as long as my arm - I'm not impressed. #If it took him ten years to come up with a theory as to why the Dow dipped in 87 and in his opinion it isn't #a very good indicator then he isn't very market savvy and I hope that he has all his investments in CD's. #I'd rather get my investing advice from someone who knows today's market instead of some ivy towered academic whose research was 10 years old by the time he got it published and is hopelessly out of date today. #I don't know how long it took for you to google and find that obscure little article to prove your lame point - but good God man - at least use something current. #
I've been investing in the market for over thirty years and I've consistently made money in bull markets and bear markets. #My references for the most part are the online research services offered by my broker and the IBD or Investors Business Daily not some lame advice from some crusty old academically sheltered curmudgeon with tenure.
#
Quote[/b] ]
Sorry Johnnie - Dr. Schwert may have credentials as long as my arm - I'm not impressed. #If it took him ten years to come up with a theory as to why the Dow dipped in 87 and in his opinion it isn't #a very good indicator then he isn't very market savvy and I hope that he has all his investments in CD's. #I'd rather get my investing advice from someone who knows today's market instead of some ivy towered academic whose research was 10 years old by the time he got it published and is hopelessly out of date today. #I don't know how long it took for you to google and find that obscure little article to prove your lame point - but good God man - at least use something current.
Who do you think the so called "saavy investors" you admire so much go to when they want to really understand economics and the behavior of the stock market with relation to the economy ? yep they go to the Ivy league academia experts like Schwert, Krugman and others. Who the heck do you think wrote the books that many of todays and yesterdays knowledgeable investors consider the bibles of investment strategy ? Who do you think the big money makes call in to lecture and teach economics and the ins and outs of investment strategies. Sure, there are a lot of guys who can simply follow leads when the market is hot and make money without fancy knowledge and understanding. Many of them also loose their shirts when the market is not so hot and real knowledge and undersatanding is of the essence. Suddenly they are not so smart as they thought they were. Sorry, when it comes to economics and investing there is no substitute for real knowledge.
Quote[/b] ]
I've been investing in the market for over thirty years and I've consistently made money in bull markets and bear markets. #My references for the most part are the online research services offered by my broker and the IBD or Investors Business Daily not some lame advice from some crusty old academically sheltered curmudgeon with tenure.
Good for you. You apparently have a good broker and you have followed online research services that gave you good advice. One day take a look at IBD and other investment research firms and follow the knowledge trail and see where it leads to. Find out where all those guys learned how to understand the market and give you good advice. Chances are it will lead you right back to that Ivory tower academia that you frown upon with such grave contempt.
Quote[/b] ]
Just remember:
Bulls make money
Bears make money
Hogs get slaughtered
Betcha old man Schwert didn't tell you that. http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
No, but I bet a guy like Schwert probably knows a bit moreabout the economy and investing than many ham radio operators. perhaps you can debate him someday.
n2ize
04-24-2007, 04:00 PM
Quote[/b] (KW4MW @ April 24 2007,06:58)]
Quote[/b] ]
But you go right ahead and believe Schwart -er- Schwert and maybe if you google long enough you can find another curmudgeon to support your lame beliefs.
Just to add, you've probably indirectly taken more advice from guys like Schwert throughout your investment career than you even realize.
n2ize
04-24-2007, 04:08 PM
Quote[/b] (n2nh @ April 24 2007,08:27)]By the way, nice pic. #Probably worth a lot more that a $120 million rathole apartment building that you don't own. # http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
Yet, interestingly, I'm not the one living in tornado bait claiming to have all that money from the Stock Market now am I? #At least this place has stood up to an explosion, 3 microbursts of over 100 MPH, and one hurricane. #Do you really think doctors and lawyers would live in a rathole? #That little lie might make you feel superior, but the reality is that unlike you, I'm not making all these claims that I can't back up. # #Sorry Mikie your reality doesn't match your claims of grandeur. #Too bad you have to take out all that anger on anybody who notices. #Go wash some paper plates.
Meltdown Mikie does it again.
http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif[/QUOTE]
Actually I lived in a 100+ year old apartment a number of years ago and I loved it. maintenance costs were factored in. All I did was pay the rent and come and go as I pleased. No need to worry about fixing leaky roofs, rebuilding plasterboard walls, replacing heating systems, painting, etc. The building was sturdy and stood the test of time. It allowed me to focus on the things that I really liked to do.
W3MIV
04-24-2007, 04:11 PM
WSJ just reported that March saw the worst drop in existing home sales in 18 years. The cause seems to have been weather more than anything else, but you can bet your bippy this will impact the markets.
Keep yer eyes skinned, pilgrims.
KW4MW
04-24-2007, 06:28 PM
To all: #I'm not denying the underlying research on which a lot of today's market sense is based. #
But for someone to to drag out a report that was written a decade ago on an event that occured two decades ago and then claim that it is germane to today's financial market is just to much to swallow. #However that was the best that the n2nh link-o-matic could come up with. #
In re: Quote[/b] ]Yet, interestingly, I'm not the one living in tornado bait Now Johnnie, if you'll page back a few threads you'll discover that it was you that began the insults regarding our QTH's stemming from your bigoted view of 4 landers all living in trailers. #I had not said a darn thing about your QTH until then. #Now you want everyone to pity you because I trashed your place of residence in return. #Sucks doesn't it? ##Same old lib double standards again EH? #You believe that you have the freedom to insult my home and when I respond in kind you get all puffy and start to cry - typical lib knee jerk reaction. #I guess it's all that bottled up anger from always being chosen last at dodgeball. Quote[/b] ] . . claiming to have all that money from the Stock Market now am I? #Another exaggeration on your part. #I said that I've done quite well in the markets. #Quote[/b] ] At least this place has stood up to an explosion, 3 microbursts of over 100 MPH, and one hurricane. #Oh - like you're at ground zero #- right! #My house has gone through three hurricanes and all I lost were a few shingle tabs. #Sorry - I think a hurricane at this latitude is more significant then it is at yours. # Microbursts - hang around here during the next thunderstorm laddie if you want to see microbursts. Quote[/b] ]Do you really think doctors and lawyers would live in a rathole? #That little lie might make you feel superior,They live in NYC and by using the same kind of bigoted reasoning that you've used toward my QTH #- #they live in a rathole. #
As far as lies are concerned I have absolutely no idea what you are talking about unless you feel it's unfair for me to return your insults. #
Fire up the n2nh Link-o-matic machine and find me a current article on the DJIA and I might begin to have some respect for you. #It seems that you are one of the lads on here that doesn't mind blasting anyone else that posts an out of date topic but again - the liberal double standard applies.
AE6IP
04-25-2007, 12:19 AM
Quote[/b] (W3MIV @ April 24 2007,08:11)]WSJ just reported that March saw the worst drop in existing home sales in 18 years. The cause seems to have been weather more than anything else, but you can bet your bippy this will impact the markets.
Keep yer eyes skinned, pilgrims.
The drop is nation wide, and some parts of the country, such as here, had unusually mild winters, while others had fairly severe.
I'm afraid I'm with you on this one Albert and it has nothing to do with the weather.
I fear that like the savings and loan debacle those of us who are frugal and careful will be stuck bailing this one out as well.
WA3WDR
04-25-2007, 12:21 AM
Time to buy gold. The dollar's a-gonna drop.
Quote[/b] (KW4MW @ April 24 2007,14:28)]To all: I'm not denying the underlying research on which a lot of today's market sense is based.
But for someone to to drag out a report that was written a decade ago on an event that occured two decades ago and then claim that it is germane to today's financial market is just to much to swallow. However that was the best that the n2nh link-o-matic could come up with.
In re: Quote[/b] ]Yet, interestingly, I'm not the one living in tornado bait Now Johnnie, if you'll page back a few threads you'll discover that it was you that began the insults regarding our QTH's stemming from your bigoted view of 4 landers all living in trailers. I had not said a darn thing about your QTH until then. Now you want everyone to pity you because I trashed your place of residence in return. Sucks doesn't it? Same old lib double standards again EH? You believe that you have the freedom to insult my home and when I respond in kind you get all puffy and start to cry - typical lib knee jerk reaction. I guess it's all that bottled up anger from always being chosen last at dodgeball. Quote[/b] ] . . claiming to have all that money from the Stock Market now am I? Another exaggeration on your part. I said that I've done quite well in the markets. Quote[/b] ] At least this place has stood up to an explosion, 3 microbursts of over 100 MPH, and one hurricane. Oh - like you're at ground zero - right! My house has gone through three hurricanes and all I lost were a few shingle tabs. Sorry - I think a hurricane at this latitude is more significant then it is at yours. Microbursts - hang around here during the next thunderstorm laddie if you want to see microbursts. Quote[/b] ]Do you really think doctors and lawyers would live in a rathole? That little lie might make you feel superior,They live in NYC and by using the same kind of bigoted reasoning that you've used toward my QTH - they live in a rathole.
As far as lies are concerned I have absolutely no idea what you are talking about unless you feel it's unfair for me to return your insults.
Fire up the n2nh Link-o-matic machine and find me a current article on the DJIA and I might begin to have some respect for you. It seems that you are one of the lads on here that doesn't mind blasting anyone else that posts an out of date topic but again - the liberal double standard applies.
Mikey, you're the one here who has been saying that you've done quite well from the stock market. I guess I gave you too much credit. So, you really don't know as much as you have alleged? Why am I not surprised? Maybe it was the house?
Dude, you're having enough trouble with this thread to go into all the other meltdowns that you've had. And as far as bigoted view of 4 landers, I never said anybody else lived in a trailer. Just you. And you're the one who told me. What's your problem?
Open your door and say hi to Wally-gator for me.
ROTFLMAO!
http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
n2ize
04-25-2007, 03:04 PM
Quote[/b] (n2nh @ April 25 2007,06:54)]Quote[/b] (KW4MW @ April 24 2007,14:28)]To all: #I'm not denying the underlying research on which a lot of today's market sense is based. #
But for someone to to drag out a report that was written a decade ago on an event that occured two decades ago and then claim that it is germane to today's financial market is just to much to swallow. #However that was the best that the n2nh link-o-matic could come up with. #
In re: Quote[/b] ]Yet, interestingly, I'm not the one living in tornado bait Now Johnnie, if you'll page back a few threads you'll discover that it was you that began the insults regarding our QTH's stemming from your bigoted view of 4 landers all living in trailers. #I had not said a darn thing about your QTH until then. #Now you want everyone to pity you because I trashed your place of residence in return. #Sucks doesn't it? # Same old lib double standards again EH? #You believe that you have the freedom to insult my home and when I respond in kind you get all puffy and start to cry - typical lib knee jerk reaction. #I guess it's all that bottled up anger from always being chosen last at dodgeball. Quote[/b] ] . . claiming to have all that money from the Stock Market now am I? #Another exaggeration on your part. #I said that I've done quite well in the markets. #Quote[/b] ] At least this place has stood up to an explosion, 3 microbursts of over 100 MPH, and one hurricane. #Oh - like you're at ground zero #- right! #My house has gone through three hurricanes and all I lost were a few shingle tabs. #Sorry - I think a hurricane at this latitude is more significant then it is at yours. # Microbursts - hang around here during the next thunderstorm laddie if you want to see microbursts. Quote[/b] ]Do you really think doctors and lawyers would live in a rathole? #That little lie might make you feel superior,They live in NYC and by using the same kind of bigoted reasoning that you've used toward my QTH #- #they live in a rathole. #
As far as lies are concerned I have absolutely no idea what you are talking about unless you feel it's unfair for me to return your insults. #
Fire up the n2nh Link-o-matic machine and find me a current article on the DJIA and I might begin to have some respect for you. #It seems that you are one of the lads on here that doesn't mind blasting anyone else that posts an out of date topic but again - the liberal double standard applies.
Mikey, you're the one here who has been saying that you've done quite well from the stock market. #I guess I gave you too much credit. #So, you really don't know as much as you have alleged? #Why am I not surprised? #Maybe it was the house?
Dude, you're having enough trouble with this thread to go into all the other meltdowns that you've had. #And as far as bigoted view of 4 landers, I never said anybody else lived in a trailer. #Just you. #And you're the one who told me. #What's your problem? #
ROTFLMAO!
http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif #http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif
Quote[/b] ]
Open your door and say hi to Wally-gator for me.
Seee ya later wally gater... In a while crocodile.
http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
kl7aj
04-25-2007, 06:11 PM
Quote[/b] (KW4MW @ April 22 2007,05:48)]Exxon Mobile up $2.30
Dow nears 13,000 on strong earnings (http://news.yahoo.com/s/nm/20070421/bs_nm/markets_stocks_dc;_ylt=Ai8ebWWNBjuWL1J7UmENSh4T5LI F)
Quote[/b] ]Momentum is clearly in the bull favor," said Joseph Battipaglia, chief investment officer at Ryan Beck & Co, in Philadelphia. "We're in the midst of earnings season. By and large it has come in as expected, and recent economic data keeps suggesting an economy that is slow but not slowing further."
Yes, there will be a very mild correction Monday with some profit taking but I look for the market to remain bullish for the next few weeks
Where are yesterday's naysayers? Ask them tomorrow. http://www.qrz.com/iB_html/non-cgi/emoticons/smile.gif
MAJOR MELTDOWN ALERT, MAJOR MELTDOWN ALERT IN 3…… 2……. 1…….! http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif