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DJIA up 400%
Old 09-21-2018, 08:01 AM   #1
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DJIA up 400%

Since March 2009.

https://www.google.com/search?newwin...4jwSBvI2IDw1:0
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Old 09-21-2018, 09:22 AM   #2
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DJIA up 200%

Since December 2007.
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Spinnin’ Wheel got to go round...
Old 09-21-2018, 09:48 AM   #3
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Spinnin’ Wheel got to go round...

What goes up...
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Old 09-21-2018, 10:11 AM   #4
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Somewhere we have a set of highball glasses that were a gift to my wife after she passed her Series 7 brokerage exam. They commemorate the day that the Dow broke 1000. Yes, the market goes up and down, but the historical trend is very clear. We can only hope that, in this case, past performance is predictive.
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Old 09-21-2018, 10:29 AM   #5
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Yes, the market goes up and down, but the historical trend is very clear. We can only hope that, in this case, past performance is predictive.
Oh, sorry! I thought we were playing the ‘isolated meaningless fact’ game.
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Old 09-21-2018, 10:30 AM   #6
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Yes, I thought it was that game too. Sorry if I was wrong.
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Old 09-21-2018, 11:03 AM   #7
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400% is a good start.
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Old 09-21-2018, 11:06 AM   #8
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I feel better, only 200% instead of 400%.
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Old 09-21-2018, 01:58 PM   #9
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DJIA up 200%

Since December 2007.
And, if you inflation-adjust it, from that peak of around 14100 it hit back in October 2007, it's more like up 55%, in 10 years. Suddenly, it seems kinda "meh", huh?
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Old 09-21-2018, 02:59 PM   #10
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Up is good.

Down is good.

Just needs to go back up.

Wash, rinse, repeat.
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Old 09-21-2018, 06:27 PM   #11
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Recent article from CBS news
The 2008 recession cost the average person $70,000 in lifetime earnings.

https://www.cbsnews.com/news/how-muc...ou-in-dollars/

Quote:
Other signs also show the scars left by the Great Recession, which started in December 2007 as the collapse in housing prices threatened to sink some of the country's largest financial firms. For example, millennials today carry far more debt than Baby Boomers did at their age, data show. The median household income also is the same as it was in the 1970s in inflation-adjusted terms.

Wage growth also remains muted, although that trend long predates the financial crisis. Accounting for inflation, average hourly earnings have fallen in 2018, labor data show.
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Old 09-21-2018, 06:44 PM   #12
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Originally Posted by imoldernu View Post
Since March 2009.
Oh rats. I thought you meant it was up 400% today compared with yesterday.

One can dream!
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Old 09-21-2018, 06:51 PM   #13
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And, if you inflation-adjust it, from that peak of around 14100 it hit back in October 2007, it's more like up 55%, in 10 years. Suddenly, it seems kinda "meh", huh?
5% per annum , after inflation looks good to me add in a little bit of compounding magic and fiscal responsibility and a happy ending is possible .
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Old 09-21-2018, 07:01 PM   #14
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Originally Posted by imoldernu View Post
Recent article from CBS news
The 2008 recession cost the average person $70,000 in lifetime earnings.

https://www.cbsnews.com/news/how-muc...ou-in-dollars/
Sorry but, is it just me who thinks this ‘observation ‘ from the link is meaningless?

The size of the U.S. economy, as measured by GDP adjusted for inflation, is well below the level implied by the growth rates that prevailed before the financial crisis and Great Recession a decade ago," the researchers wrote

It’s like saying, “I would have got there sooner but, I stopped along the way home & got there later than I would have if I’d kept going.”
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Old 09-21-2018, 07:12 PM   #15
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in 2007 i was a financial nobody , and now i can happily declare myself eccentric ,

personal circumstance can change ( both ways ) you have to roll with the punches where possible
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