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DruulEmpire

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Re: Next Stop Dow 11111
« Reply #15 on: June 11, 2008, 03:13:01 PM »
As of today (Wed 11 June 2008, DJIA 12083.77), less than a thousand points left to fall ...

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DruulEmpire

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Re: Next Stop Dow 11111
« Reply #16 on: June 20, 2008, 03:09:34 PM »
Aaaaand -- today (Fri 20 June 08) it hit 11842.  Less than 800  points left to sink ...

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DruulEmpire

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Re: Next Stop Dow 11111
« Reply #17 on: June 24, 2008, 03:45:58 PM »
Closed today (Tue 23 June 2008) at 11807.  Less than 700 points left to fall.

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Hiram

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Re: Next Stop Dow 11111
« Reply #18 on: June 26, 2008, 10:56:45 AM »
Looks like a bad day today on the dow - down 200 points so far!
Lipsmacking, thirst quenching, ace tasting, motivating, good buzzing, cool talking, high walking, fast living, ever giving, cool fizzing... #BOOBs

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DruulEmpire

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Re: Next Stop Dow 11111
« Reply #19 on: June 26, 2008, 03:23:11 PM »
Good point, Hiram -- it lost over 300 points and closed today (Thurs 26 June 2008) at 11453.

Personally, I was just keeping track of it falling below 11723.  Why 11723?  Because that was the "Clinton bull high," the all-time record high as of January 2000, from which point the Dow proceeded to fall, then hit 9-11-2001 and fell further.

The past eight years have indeed seen new highs, but they weren't able to kick in till late 2006.  Now we've dialed all the way back to the record highs of the dawn of 2000.

This also means that we are within a mere sixty points of going back to the record highs of 1999.


I sort of expected this (note this thread's title) -- but admittedly not quite so fast ...

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mastert

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Re: Next Stop Dow 11111
« Reply #20 on: June 26, 2008, 04:02:28 PM »
Let's change the name of the thread from 11111 to 9999.

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DruulEmpire

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Re: Next Stop Dow 11111
« Reply #21 on: June 26, 2008, 04:14:24 PM »
I'd rather not.

I swear by aesthetics.  About a year ago I cashed out at 13950, simply figuring "No way are we sailing out of the 13000's without a struggle."  My instincts served me before, so I'm betting they will again.  But if you want to start your own thread, knock yourself out, and we'll see who gets closest.

'Sides, I'm hoping it won't even quite hit 11111.  Realistically, I'm rooting more for 11114.

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pedonbio

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Re: Next Stop Dow 11111
« Reply #22 on: June 26, 2008, 08:42:08 PM »
I admire your optimism, DE. Recent bear markets have been short but painfully steep, and they don't turn until fundamentals turn. Part of the problem is that we geezers have memories. In 1973 the price of crude oil doubled (from $2 to $4) in a week, then trickled up to $5 over the next year. Everybody paid attention to the shortages caused by the Saudi boycott, but not the price change. The price change had no significant effect for about two years, until late 1975, when inflation suddenly jumped and kept steaming upward until 1981 or 82. What had happened was something that would take an economist to explain, but for the first couple of years the first-line companies ate the losses until it appeared that the higher price was here to stay.

It wrecked the presidencies of both Gerry Ford and Jimmy Carter, and kicked a hole in the economy until 1984 or so.

What the market is seeing is that inflation has started to pick up, exactly two years after the price of crude started to jump. What that means is that we're looking at a shitstorm of very high interest rates, high unemployment, and dropping corporate profits.
Someday, chi1dren, this entire fuck-up will be yours.

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gOOber

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Re: Next Stop Dow 11111
« Reply #23 on: June 26, 2008, 09:24:51 PM »
So what are we going to do about it?
....rejoicing in the fullness thereof....

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SwitcherX

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Re: Next Stop Dow 11111
« Reply #24 on: June 26, 2008, 11:48:08 PM »
The supreme court struck down DC's gun ban.....
Switcher X
A.K.A. Tina Fey Eichmann

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-- Mammeister


"SwitcherX, you were always Mammeister's favorite...you bastard."
-- Notty

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pedonbio

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Re: Next Stop Dow 11111
« Reply #25 on: June 27, 2008, 12:25:23 AM »
Quote:

gOOber said:
So what are we going to do about it?




I'm gonna spend more time studying boobs, and less time on the business section.

What you got planned, gOOber?
Someday, chi1dren, this entire fuck-up will be yours.

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Hiram

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Re: Next Stop Dow 11111
« Reply #26 on: June 27, 2008, 01:39:15 AM »
Quote:

pedonbio said:I'm gonna spend more time studying boobs, and less time on the business section.


Very wise advice, something I shall take heed of myself.
Lipsmacking, thirst quenching, ace tasting, motivating, good buzzing, cool talking, high walking, fast living, ever giving, cool fizzing... #BOOBs

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Hiram

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Re: Next Stop Dow 11111
« Reply #27 on: June 27, 2008, 01:49:54 AM »
Quote:

pedonbio said:What that means is that we're looking at a shitstorm of very high interest rates, high unemployment, and dropping corporate profits.


I saw some of this coming some time ago, its partly why I deleveraged most of my assets.

The need to have no debt and be cash rich, I think is the key to the next few years of financial personal health.

Edit:  Sell at the top, buy at the bottom.
Lipsmacking, thirst quenching, ace tasting, motivating, good buzzing, cool talking, high walking, fast living, ever giving, cool fizzing... #BOOBs

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gOOber

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Re: Next Stop Dow 11111
« Reply #28 on: June 27, 2008, 02:29:56 AM »
 
Quote:

 What you got planned, gOOber?  


I'll sing them ol' hard time broke down blues.

 
....rejoicing in the fullness thereof....

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Hiram

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Re: Next Stop Dow 11111
« Reply #29 on: June 27, 2008, 03:26:11 AM »
Quote:

gOOber said:
 
Quote:

 What you got planned, gOOber?  


I'll plant more potatoes


Lipsmacking, thirst quenching, ace tasting, motivating, good buzzing, cool talking, high walking, fast living, ever giving, cool fizzing... #BOOBs