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09-21-2018, 07:01 AM
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#1
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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DJIA up 400%
__________________
If you want others to be happy, practice compassion. If you want to be happy, practice compassion.
--Dalai Lama XIV
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09-21-2018, 08:22 AM
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#2
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Dryer sheet aficionado
Join Date: Sep 2018
Posts: 37
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DJIA up 200%
Since December 2007.
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Spinnin’ Wheel got to go round...
09-21-2018, 08:48 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Spinnin’ Wheel got to go round...
What goes up...
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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09-21-2018, 09:11 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,308
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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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09-21-2018, 09:29 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by OldShooter
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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Oh, sorry! I thought we were playing the ‘isolated meaningless fact’ game.
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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09-21-2018, 09:30 AM
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#6
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Dryer sheet aficionado
Join Date: Sep 2018
Posts: 37
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Yes, I thought it was that game too. Sorry if I was wrong.
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09-21-2018, 10:03 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Jan 2010
Location: 5-sided building
Posts: 1,183
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400% is a good start.
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09-21-2018, 10:06 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Southern Cal
Posts: 4,032
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I feel better, only 200% instead of 400%.
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09-21-2018, 12:58 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,696
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Quote:
Originally Posted by smoghat
DJIA up 200%
Since December 2007.
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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?
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09-21-2018, 01:59 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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Up is good.
Down is good.
Just needs to go back up.
Wash, rinse, repeat.
__________________
Never let yesterday use up too much of today.
W. Rogers
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09-21-2018, 05:27 PM
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#11
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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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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__________________
If you want others to be happy, practice compassion. If you want to be happy, practice compassion.
--Dalai Lama XIV
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09-21-2018, 05:44 PM
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#12
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by imoldernu
Since March 2009.
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Oh rats. I thought you meant it was up 400% today compared with yesterday.
One can dream!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-21-2018, 05:51 PM
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#13
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Full time employment: Posting here.
Join Date: Jun 2018
Location: Brisbane
Posts: 855
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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 .
__________________
i hold the Australian listed versions of AU ( Anglo Ashanti ) , BHP , and JHG .
You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself.
Samuel Levenson
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09-21-2018, 06:01 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by imoldernu
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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.”
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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09-21-2018, 06:12 PM
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#15
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Full time employment: Posting here.
Join Date: Jun 2018
Location: Brisbane
Posts: 855
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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
__________________
i hold the Australian listed versions of AU ( Anglo Ashanti ) , BHP , and JHG .
You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself.
Samuel Levenson
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