Dow finishes above 10,000
Results 1 to 15 of 15
  1. #1
    Bench Warmer
    Points: 9,236, Level: 28
    Level completed: 81%, Points required for next Level: 114
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Aug 2009
    Location
    Norwalk, IA
    Posts
    312
    Points
    9,236
    Level
    28
    Thumbs Up
    Received: 0
    Given: 0

    Dow finishes above 10,000

    The Dow finished above 10,000 for the first time in about a year. This mark is apparently a big psychological milepost for a lot of investors, with some people thinking that there may be a correction at hand, or at least some major profit-taking. Others think this may be the point where people on the sidelines are finally convinced that the rally is real and it's safe to jump back in the market.

    I pulled back a little today, but haven't made any major changes in our portfolio allocations. What do you knowlegdable investors on the board think is going to happen next?



  2. #2
    Addict
    Points: 73,952, Level: 84
    Level completed: 48%, Points required for next Level: 898
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    cytech's Avatar
    Join Date
    Apr 2006
    Location
    Hiawatha, Iowa
    Posts
    6,211
    Points
    73,952
    Level
    84
    Thumbs Up
    Received: 12
    Given: 14

    Re: Dow finishes above 10,000

    Quote Originally Posted by MB4CY View Post
    The Dow finished above 10,000 for the first time in about a year. This mark is apparently a big psychological milepost for a lot of investors, with some people thinking that there may be a correction at hand, or at least some major profit-taking. Others think this may be the point where people on the sidelines are finally convinced that the rally is real and it's safe to jump back in the market.

    I pulled back a little today, but haven't made any major changes in our portfolio allocations. What do you knowlegdable investors on the board think is going to happen next?
    I think we will see another dip in the market before it starts to fully recover.



  3. #3
    Hall-Of-Famer
    Points: 52,036, Level: 70
    Level completed: 64%, Points required for next Level: 514
    Overall activity: 18.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Mar 2006
    Posts
    4,184
    Points
    52,036
    Level
    70
    Thumbs Up
    Received: 145
    Given: 15

    Re: Dow finishes above 10,000

    Don't know how knowledgeable I am, though I did get mostly out of the market a couple of years ago when the prime rate was getting ridiculously low, setting off the borrowing frenzy. But today gave people more confidence that bank profits (and tech profits) are good, and the financial sector often leads a long term market rally. I'm enjoying the ride and staying in, but will be keeping a close eye on the earnings reports now as they continue to roll in.



  4. #4
    Pro
    Points: 36,193, Level: 58
    Level completed: 62%, Points required for next Level: 457
    Overall activity: 7.0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    Oct 2008
    Posts
    3,455
    Points
    36,193
    Level
    58
    Thumbs Up
    Received: 137
    Given: 64

    Re: Dow finishes above 10,000

    The dollar is so weak that is why the DOW is up or at least plays a big part in it. I think we will see a drop again.



  5. #5
    Speechless
    Points: 260,620, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 38.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Apr 2006
    Posts
    16,190
    Points
    260,620
    Level
    100
    Thumbs Up
    Received: 874
    Given: 751

    Re: Dow finishes above 10,000

    I have no doubt it will drop a bit soon. I hope it does. I don't need big money for a while.



  6. #6
    Speechless
    Points: 271,696, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 16.0%
    Achievements:
    Veteran50000 Experience Points
    isuno1fan's Avatar
    Join Date
    Mar 2006
    Location
    Clive, Iowa
    Posts
    17,533
    Points
    271,696
    Level
    100
    Thumbs Up
    Received: 165
    Given: 38

    Re: Dow finishes above 10,000

    I'm rich!



  7. #7
    Addict
    Points: 74,355, Level: 84
    Level completed: 71%, Points required for next Level: 495
    Overall activity: 30.0%
    Achievements:
    Veteran50000 Experience Points
    erikbj's Avatar
    Join Date
    Aug 2006
    Location
    hiawatha, ia
    Posts
    5,682
    Points
    74,355
    Level
    84
    Thumbs Up
    Received: 352
    Given: 90

    Re: Dow finishes above 10,000

    I am just hoping we avoid hyper-inflation in the coming years.

    The market was over sold in march and we experienced a sling shot recovery. I think we will see 12000 on the dow in the next 6 months.....then we will see if the economy is going to turn around and if the govt can figure out the deficet at all.



  8. #8
    Rookie
    Points: 11,084, Level: 31
    Level completed: 77%, Points required for next Level: 166
    Overall activity: 2.0%
    Achievements:
    Veteran10000 Experience Points

    Join Date
    Apr 2006
    Posts
    425
    Points
    11,084
    Level
    31
    Thumbs Up
    Received: 4
    Given: 0

    Re: Dow finishes above 10,000

    I also hope it stays low for awhile. I am continuing to put money into the market while it's low...I'll either be a wise investor a few years from now or my wife will have my kangaroo pouch dangling from an apple tree.


    Scott L., Yokosuka, Japan

  9. #9
    Addict
    Points: 144,269, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 10.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Apr 2006
    Posts
    8,037
    Points
    144,269
    Level
    100
    Thumbs Up
    Received: 215
    Given: 308

    Re: Dow finishes above 10,000

    Quote Originally Posted by erikbj View Post
    I am just hoping we avoid hyper-inflation in the coming years.

    The market was over sold in march and we experienced a sling shot recovery. I think we will see 12000 on the dow in the next 6 months.....then we will see if the economy is going to turn around and if the govt can figure out the deficet at all.
    12k? Based upon what?


    As far as depth goes though, the combination of White, Woodbury, Olaseni, Basabe, and Uthoff is much better than Niang, Ejim, Edozie, Gibson. Not because of the top 2, but because of the next 2 or 3. -DeanVogs

  10. #10
    Addict
    Points: 87,461, Level: 92
    Level completed: 1%, Points required for next Level: 1,889
    Overall activity: 8.0%
    Achievements:
    SocialVeteran50000 Experience Points

    Join Date
    Apr 2006
    Location
    Hudson, Iowa
    Posts
    8,147
    Points
    87,461
    Level
    92
    Thumbs Up
    Received: 52
    Given: 69

    Re: Dow finishes above 10,000

    It will go up and it will go down...

    I dollar cost average in so really doesn't matter to me.



  11. #11
    All-Star
    Points: 28,247, Level: 51
    Level completed: 64%, Points required for next Level: 403
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    Apr 2006
    Posts
    1,232
    Points
    28,247
    Level
    51
    Thumbs Up
    Received: 0
    Given: 0

    Cool Re: Dow finishes above 10,000

    The time to get back in the market was months ago. If you get back in now it's like buying a car for $15,000 you could have got for $10,000 nine months ago.

    I think the market will continue to go up over the next 6 months, then cool off next summer a bit, but no big drop or anything.


    King James

  12. #12
    Addict
    Points: 177,409, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 6.0%
    Achievements:
    SocialVeteran50000 Experience Points
    snowcraig2.0's Avatar
    Join Date
    Nov 2007
    Location
    Cedar Rapids, IA
    Posts
    7,494
    Points
    177,409
    Level
    100
    Thumbs Up
    Received: 533
    Given: 82

    Re: Dow finishes above 10,000

    Gas prices up 20 cents a gallon in CR. Please let the market go back down!!!



  13. #13
    Speechless
    Points: 261,192, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 8.0%
    Achievements:
    SocialVeteran50000 Experience Points
    BryceC's Avatar
    Join Date
    Mar 2006
    Posts
    16,868
    Points
    261,192
    Level
    100
    Thumbs Up
    Received: 240
    Given: 0

    Re: Dow finishes above 10,000

    Quote Originally Posted by jmb View Post
    12k? Based upon what?
    What is this 10k based on? Lower consumer confidence? BofA continuing to tank? Employment numbers continuing to decrease?

    I don't know much about the market and I don't claim to, but this rally confuses me.

    FYI - this is the 29th time in history the DJIA crossed 10k.




  14. #14
    Speechless
    Points: 407,969, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 62.0%
    Achievements:
    SocialOverdriveVeteran50000 Experience Points
    Wesley's Avatar
    Join Date
    Apr 2006
    Location
    Omaha
    Posts
    61,068
    Points
    407,969
    Level
    100
    Thumbs Up
    Received: 874
    Given: 607

    Re: Dow finishes above 10,000

    Quote Originally Posted by BryceC View Post
    What is this 10k based on? Lower consumer confidence? BofA continuing to tank? Employment numbers continuing to decrease?

    I don't know much about the market and I don't claim to, but this rally confuses me.

    FYI - this is the 29th time in history the DJIA crossed 10k.

    It was crossing today.


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

  15. #15
    Hall-Of-Famer
    Points: 72,206, Level: 83
    Level completed: 45%, Points required for next Level: 944
    Overall activity: 5.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Bader's Avatar
    Join Date
    Jul 2007
    Location
    Ankeny
    Posts
    4,454
    Points
    72,206
    Level
    83
    Thumbs Up
    Received: 66
    Given: 50

    Re: Dow finishes above 10,000

    Quote Originally Posted by Wesley View Post
    It was crossing today.
    Hope it doesn't lose any oxen or extra bullets!



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Mediacom 22
  • HOOPS: Iowa State vs. Drake
  • December 20, 2014
  • 04:00 PM