Party like it's 1997!

renman95

The Dow is now where it was in 1997.

Same with the S&P 500.

29 March 1999, the Dow past through 10,000 on the close. A "buy and hold" stra-tegery would have lost you 25% (in a linear, vacuum-like, non-inflationary world.) Isn't that what the sheeple were told to do...buy and hold by all the experts. Do you here all these experts today trying to call bottoms?

When are the sheeple going to get a stock bailout for their 30-50 percent loss?

Ren

secondrepublic

When are the sheeple going to get a stock bailout for their 30-50 percent loss

Ha ha... that's a funny one.

coynclecter

Not that thier retirement savings have been halved the sheeple are being told to "save more". This means work harder, spend less and turn more of your money over to the crooks who stole it the last time.

MoneyLA

coynclector wrote: "sheeple are being told to "save more". "

well, not exactly. in this recession, the push is for more spending.

in an inflationary environment savings is encouraged. in a deflationary environment, such as this, spending is encouraged.

Weg

Yep.
Just thinking; now put renman95's 'When are the sheeple going to get a stock bailout for their 30-50% loss, together with MoneyLA's correct 'The push is for more spending.
I didn't do any math yet, but what if those billions going to the automakers, banks...ect, were to be used to cover the 30-50% loss. Would it start more auto sales to bail out automotive. Then what about the banks; if the 30-50 % losses were erased, would it cause more money to float around looking to be spent and invested, which may bailout the banks.

Well maybe not the banks, they were so heavily leveraged with junk, that the amount of money coming in would not be enough to get them out of the hole, created by their meltdown.

jmski52

I don't know why you are so negative on the stock market. It's already up 3.82 pts today.

rgCoinGuy

<< <i>I don't know why you are so negative on the stock market. It's already up 3.82 pts today. >>



lol, that didn't last long....

Updated: 12:00 pm ET, February 19
-53.60(-0.71%)Dow 7,502.03
-10.89(-0.74%)Nasdaq 1,457.08
-3.31(-0.42%)S&P 785.11

57loaded

it was before the .com bust

VC was raining everywhere

rgCoinGuy

Drudge report is going into overload mode. Looks like some CNBC host is calling for a "New Tea Party"!

Johnp

I thinks its up today because of the wind is from the west not because the out look is any better

renman95

<< <i>Drudge report is going into overload mode. Looks like some CNBC host is calling for a "New Tea Party"! >>



I heard about this. I was on the chair lift with my pods in and listening to the radio and heard Rick Santelli of the CBOT rant. His rant, which I liked, was pretty aggressive. He was asking why we should pay for our neighbors mortgage, those losers. He went on that our Founding Fathers, Jefferson and Franklin are rolling in their grave. I need to go find it because I like Rick...He's always dead on. And he's no shrinking violet.

BYW, Dow is down 2,000 points since the election. We are closer to 4,500 than we are to 11,300 (Nov 2007).

Weg, good point. Give the "forgotten man" the money and we will bail everyone out the old fashioned way.

Also, has anyone been asked, polled, focus grouped to go down the road of bailout nation?

Ren

jmski52

Also, has anyone been asked, polled, focus grouped to go down the road of bailout nation?

If you contribute nothing to the common good, you will make out like a bandit under this scenario. What better motivation is there to contribute absolutely nothing, especially when your input is already marginal at best?

renman95

Comrade jmski, you speak of great truth. In mother country we call these people, sheeple-ski.

When i was little comrade i study Fibonacci, is true...50% is 7,150 and next great Fib is 66.6%. That my comrades is no good...4,761.

Comrade Renski

edited for spelling-ski