The Dow has hit an inter day high!!

Ima saver · #1 (**permalink**) 10-03-2006, 10:09 AM

Yahoo. go, Dow, Go!!

sweeps · #2 (**permalink**) 10-03-2006, 10:21 AM

I miss ol' VJW. If he still was around, he'd be quick to tell us that "Adjusted for inflation, the Dow is 27.2% off its peak in 2000. I would hardly consider that a new high."

(Made up that percentage, I don't know the actual figure.)

Ima saver · #3 (**permalink**) 10-03-2006, 10:23 AM

I would rather have the happy thoughts!!

Broken Arrow · #4 (**permalink**) 10-03-2006, 12:20 PM

Quote:

Originally Posted by Sweepsplayer

I miss ol' VJW. If he still was around, he'd be quick to tell us that "Adjusted for inflation, the Dow is 27.2% off its peak in 2000. I would hardly consider that a new high."

(Made up that percentage, I don't know the actual figure.)

Every village needs their town curmudgeon eh?

greedy4chips · #5 (**permalink**) 10-03-2006, 12:24 PM

Quote:

Originally Posted by Sweepsplayer

the Dow is 27.2% off its peak in 2000.

I never heard anyone worry about inflation adjustments when they sell their house and it turned a profit over their purchase price.

Adjusted for inflation my gas is cheaper than it was in the 70's. Not adjusted for inflation, the interest rate on mortgages is much lower than it was 6 years ago. A high is a high is a high.

Funny thing too is that my investments that I never added to since the "high" in 2000 are higher now than they were then. I suppose that is due to the makets being carried by the dotcom stocks versus the overall market.

Ima saver · #6 (**permalink**) 10-03-2006, 01:50 PM

Well, it closed at an all time high. 11,727! Do any of you watch the stock market on tv?

jmjj215 · #7 (**permalink**) 10-03-2006, 02:08 PM

Starting to read a bit that some 'experts' believe it's now over-valued. I believe I read it in the current Kiplinger's this time. I try and stay away from market talk.

LuxLiving · #8 (**permalink**) 10-03-2006, 02:11 PM

I watch it some Ima, but try to just filter out most of it as it creates those emotional urges that really have nothing to do with my longterm strategy. That said, I'm glad the Dow closed up, overvalued or not!

lgslgs · #9 (**permalink**) 10-03-2006, 02:25 PM

Quote:

Originally Posted by Ima saver

Do any of you watch the stock market on tv?

I don't watch it on TV, but keep an eye on the world indicies on Bloomberg's site: http://www.bloomberg.com/markets/stocks/wei.html

Every day after 6:30 pm, I pull up my fund data at my broker's site, update MS_Money, and update my current $$ in my "If I Never Add Another Dime" Excel spreadsheet. In the morning I do a quick check to see if any more data came in or dividends posted and adjust the Excel sheet if needed.

I like making sure I know exactly what's in the piggy bank, and where it goes.

Lynda

sweeps · #10 (**permalink**) 10-03-2006, 02:46 PM

Quote:

Originally Posted by jmjj215

Starting to read a bit that some 'experts' believe it's now over-valued. I believe I read it in the current Kiplinger's this time. I try and stay away from market talk.

I have mixed feelings about the Dow hitting an all-time high. On one hand, I'm happy that people are getting back into stocks and feeling good about the economy. On the other hand, I'm in for the (very) long term, and the higher the market goes, the less stock my semi-monthly contribution buys.

Mathew Green · #11 (**permalink**) 10-03-2006, 02:54 PM

Quote:

Originally Posted by Ima saver

Yahoo. go, Dow, Go!!

Yawn!!!! The DOW is so UNrepresentative of the market as a whole that I really don't care what it does as long as it's not wildly out of sync with the S&P500 and Wilshire 5000.

WellManicuredMan · #12 (**permalink**) 10-04-2006, 01:13 AM

Quote:

Originally Posted by Mathew Green

Yawn!!!! The DOW is so UNrepresentative of the market as a whole that I really don't care what it does as long as it's not wildly out of sync with the S&P500 and Wilshire 5000.

I agree.

Ima saver · #13 (**permalink**) 10-04-2006, 06:13 AM

Sorry I bored you!

jmjj215 · #14 (**permalink**) 10-04-2006, 07:06 AM

Quote:

Originally Posted by Sweepsplayer

I have mixed feelings about the Dow hitting an all-time high. On one hand, I'm happy that people are getting back into stocks and feeling good about the economy. On the other hand, I'm in for the (very) long term, and the higher the market goes, the less stock my semi-monthly contribution buys.

So I'll assume your horizon is 30 years or something like that.

You want the stock market to go down down down, stay flat flat flat, while you're buying buying buying, and then in the last five years have it just explode...and then you retire?

I'm always kind of bummed when my bi-monthly contribution comes on a day when there's a run-up, even though that's totally short-term thinking

Broken Arrow · #15 (**permalink**) 10-04-2006, 08:07 AM

Quote:

Originally Posted by Ima saver

Sorry I bored you!

Awww. Don't feel bad, Ima. There's nothing wrong with enjoying it.

Here's an internet cookie, if it'll make you feel better.

sweeps · #16 (**permalink**) 10-04-2006, 08:44 AM

Quote:

Originally Posted by jmjj215

You want the stock market to go down down down, stay flat flat flat, while you're buying buying buying, and then in the last five years have it just explode...and then you retire?

Yeah, that's about right.

Ima saver · #17 (**permalink**) 10-04-2006, 12:52 PM

Thanks for the cookie! Just about anything positive makes me happy! The dow is about ready to set another new high today!! (I love cookies)

disneysteve · #18 (**permalink**) 10-04-2006, 04:49 PM

Quote:

Originally Posted by Sweepsplayer

I have mixed feelings about the Dow hitting an all-time high. On one hand, I'm happy that people are getting back into stocks and feeling good about the economy. On the other hand, I'm in for the (very) long term, and the higher the market goes, the less stock my semi-monthly contribution buys.

I'm the same way. I'm 20 years from retirement and dollar-cost-averaging into several funds. I don't need to see highs now. I'd do better if things were flat or even down.

But it's still nice to pull up the spreadsheet and see that our portfolio is up a couple thousand dollars since Monday. Tough not to like that.