10-14-2009, 11:21 AM | #1 |
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DJIA....9983.06.....and rising...
think we hit 10K today boys??
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10-14-2009, 11:42 AM | #2 |
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already up 106 pts at 9,976. maybe...
If/when it hits 10k, prepare for profit taking.
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10-14-2009, 11:45 AM | #3 |
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yea i feel you man.
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"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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10-14-2009, 01:24 PM | #4 |
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hit 10,000!!! I guess the boys at GS have a ferocious appetite today!!!
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"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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10-14-2009, 03:25 PM | #8 |
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"Another great representation of the amazing loss of purchasing power by the US public are today's oblivious statements about the Dow at 10,000. While in absolute terms the Dow may cross whatever the Fed thinks is a necessary and sufficient mark before QE begins to taper off (Dow crosses 10k just as Treasury purchases expire), the truth is that over the past 10 years (the first time the DJIA was at 10,000) the dollar has lost 25% of its value. Therefore, we present the Dow over the last decade indexed for the DXY, which has dropped from 100 to about 75. On a real basis (not nominal) the Dow at 10,000 ten years ago is equivalent to 7,537 today! In other words, not only have we had a lost decade for all those who focus on the absolute flatness of the DJIA, but it is also a decade where the US Consumer has lost 25% of purchasing power from the perspective of stocks! You won't hear this fact on the MSM."
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"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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10-14-2009, 03:58 PM | #9 |
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10-14-2009, 05:05 PM | #10 |
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he probably had no idea what was going on, hence the post.
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10-14-2009, 07:37 PM | #11 |
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The dollar is getting hammered. We're in trouble if it keeps up... thats all im saying.
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10-14-2009, 08:08 PM | #12 |
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we are already in trouble brother!!! This is a complete farce, this rally is a joke ---predicated on borrowed money from Uncle Ben and Company (money that was never earned in the first place) being pumped into equities and treasuries; giving a slight glimmer of hope that market conditions are actually improving. It is an illusion.....and the ending will not be good.
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"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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