Lakewood90712
Thinks s/he gets paid by the post
- Joined
- Jul 21, 2005
- Messages
- 2,223
Place your bets, I mean vote in the poll
Place your bets, I mean vote in the poll
Poll doesn't go low enough
I really don't understand the slavish following of the Dow Jones Industrial Average. It's just 30 companies, albeit large ones.
I guess it's the supremacy of the Wall Street Journal in financial reporting and their PR machine.
I'll stick the S&P 500 as a much broader indicator for the US economy.
7000 x (Average Resale price of a Big Mac)
I have no idea if Big Macs will be $3 or $7.50. I am much more concerned about what inflation is going to do in the next 10 years than I am with what the market will do. I expect the inflation adjusted value of the market to be about where it was 3 months ago.
Could be be higher, could be lower, or between 17,000 and 21,000.
I really don't understand the slavish following of the Dow Jones Industrial Average. It's just 30 companies, albeit large ones.
I'll stick the S&P 500 as a much broader indicator for the US economy.
Poll doesn't go low enough
Really? Why? Coronavirus will have a vaccine long before then and the market should go up pretty quick once we get back to normal.
“The economy, stupid” is a phrase coined by James Carville in 1992. It is often quoted from a televised quip by Carville as “It's the economy, stupid.” Carville was a strategist in Bill Clinton's successful 1992 presidential campaign against incumbent George H. W. Bush.