How about that DOW

mjarrels · Oct 20, 2006

Closed at over 12,000 for two days in a row. Dang, I think I just made the cost of a brand new Kubota this week on one stock.

mark

LMTC · Oct 20, 2006

It's nothing more than numbers on paper until the day you sell...and the price on that day is the one that counts.

js5020 · Oct 20, 2006

Yep hopefully it keeps going,,,, but I'm sure all good things will come to an end. Just wish the currency markets would get moving, been relatively calm most of the year, but then again if your trading interest rate differentals calm can be a good thing.

Farmwithjunk · Oct 20, 2006

mjarrels said:
Closed at over 12,000 for two days in a row. Dang, I think I just made the cost of a brand new Kubota this week on one stock.

mark

I went on line to have a look at my 401K today. I made up the losses of 3 years ago and then some in the last few days. Dumb luck on my part, and some sound advice from banks agent handling that 401K made me a BUNDLE. Now IF...IF things stay on the level for a while, I'll get to KEEP those gains.

randy41 · Oct 21, 2006

I am also making back some of those y2k losses and it sure is nice.
I think the driving force is interest rates.

LMTC · Oct 21, 2006

randy41 said:
I am also making back some of those y2k losses and it sure is nice.
I think the driving force is interest rates.

Interest rates are a factor, but the market generally goes up when interest rates go down, and vice versa. Interest rates have been, in general, going up for two years. Face it, we're in the midst of a great economy. Unemployment at incredibly low levels. Lots of factors involved.... and don't forget for a second that international stocks have fueled a tremendous amount of growth in the DOW this year. Internationals do better when terrorism is perceived to be a low threat, worse when the perceived threat is higher. From the standpoint of the investors that wield the big $$$, the threat has been lower this year (and NO, I am not going to engage in a debate as to why that is so--it is obvious to me, and we can all have our opinions) and thus international investments are seen as a better buy---and the businesses those investments are in do better when they are not being blown up. I know this is a little simplistic, but it is true in general.