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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 09:08 AM   #41
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Re: Dow hits 13,000 for the first time...

Human nature. If people see a coincidence, many will insist there must be some conspiracy, or cause to it.
I love the stories though
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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 09:13 AM   #42
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Re: Dow hits 13,000 for the first time...

Biggest winners as of open today (13100): Open/2006 Close

JSD.V 1.934
MCF.V 1.317
AEN.TO 1.247
ACH 1.240
CA 1.226
AMOV 1.207
AMX 1.205
AAPL 1.197
HTE-UN.TO 1.155
TNC.V 1.133
TIH.TO 1.110
CLL.TO 1.106
using Yahoo symbols. 8)
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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 10:25 AM   #43
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Re: Dow hits 13,000 for the first time...

Quote:
Originally Posted by runchman
Reminds me of my buddy that once bought a lottery ticket and picked the numbers 1-2-3-4-5-6, to which his dad says "What are you some kind of idiot, what are the chances of that coming up?"

- John
My Grampa used to go to the town (rural) dump every day to check out the pickin's and talk to the dump-master. He found a Sesame combination lock that was locked. He spent tens of hours trying to open it, guessing what the combo was. Things like 1963 for the Kennedy assasination and 1066 for the invasion in England. Never could get it to open. Finally, he gave it to my brother to try saying that if he got it to open he could have it. My brother figgered that there could only be 10,000 combinations so he would try them all. Starting at 0000. Click, it popped open. Boy was my grandfather pissed.

Mike D.
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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 11:34 AM   #44
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Re: Dow hits 13,000 for the first time...

Quote:
Originally Posted by MikeD
He spent tens of hours trying to open it, guessing what the combo was.
hmmmm seems that it would have taken him less time, even if he had started at 9999 and worked his way down, then 10 hours. Just an observation.
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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 12:50 PM   #45
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Re: Dow hits 13,000 for the first time...

Cramer says 14000 this year. So its as good as gold! :
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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 03:03 PM   #46
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Re: Dow hits 13,000 for the first time...

I note everyone's talking about 13000, their returns, etc. Makes me want to go to cash.
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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 03:16 PM   #47
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Re: Dow hits 13,000 for the first time...

Quote:
Originally Posted by SoonToRetire
I note everyone's talking about 13000, their returns, etc. Makes me want to go to cash.
It doesn't scare me when people on this board start talking about the market, I figure the investment IQ of this board is way above average.

But last night at a poker game, the market got talked about. When the dealer/host, not the sharpest financial guy around, "you got have your money in the stock market no way it is going down for a long time," I got truely terrified.
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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 03:21 PM   #48
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Re: Dow hits 13,000 for the first time...

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Originally Posted by audreyh1
Well, the thing is, the chances are exactly the same as for any other numeric combination!!! Why don't people understand that?

Audrey

Because people are thinking that they were picked IN ORDER.. which IS a much higher percentage.... now, nobody said they were picked in that exact order so you are right it is the same...

Let me give you another one that I get a lot of people with and some very smart ones...

You flip a 'fair' coin 50 times and get 50 heads... you are about to flip it the 51st time... what would you bet, heads or tails I almost always get 'tails'... I ask why... "Do you know the odds of flipping a coin heads 51 times"... well, not exactly, but who cares.. I am going to flip it once... no matter how much logic you use.. they insist tails is the better odds..
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Re: Dow hits 13,000 for the first time...
Old 04-26-2007, 05:51 PM   #49
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Re: Dow hits 13,000 for the first time...

Quote:
the chances are exactly the same as for any other numeric combination!!! Why don't people understand that?
The lottery is a tax on the mathematically challenged.
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Re: Dow hits 13,000 for the first time...
Old 04-27-2007, 01:30 PM   #50
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Re: Dow hits 13,000 for the first time...

Quote:
Originally Posted by Texas Proud
You flip a 'fair' coin 50 times and get 50 heads... you are about to flip it the 51st time... what would you bet, heads or tails I almost always get 'tails'... I ask why... "Do you know the odds of flipping a coin heads 51 times"... well, not exactly, but who cares.. I am going to flip it once... no matter how much logic you use.. they insist tails is the better odds..
My comment is that a coin doesn't remember if it came up heads or tails last time. However, people do and bet accordingly.
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Re: Dow hits 13,000 for the first time...
Old 04-27-2007, 02:31 PM   #51
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Re: Dow hits 13,000 for the first time...

Quote:
Originally Posted by Texas Proud

You flip a 'fair' coin 50 times and get 50 heads... you are about to flip it the 51st time... what would you bet, heads or tails
I would pull out my trusty six shooter and blast you under the table. It wasn't really a fair coin. 8)
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