Dow approaching 7300

[tulsa_sr5]

It's easy to blame the crash, but the dow should have never been at 14k in 2007. It wasn't a crash but a bubble. If I hadn't been paying a 40% premium on my mutual fund shares I wouldn't be ticked at the current prices.

[Broken Arrow]

It's easy to blame the crash, but the dow should have never been at 14k in 2007. It wasn't a crash but a bubble. If I hadn't been paying a 40% premium on my mutual fund shares I wouldn't be ticked at the current prices.

Well said! That's what I've argued for some time as well.

Passive investments though, I have changed nothing in my allocations, and therefore have taken the hits in my portfolio like everyone else.

Active trading, I was extremely paranoid, and did quick ninja trades. Last year went well, but this year, I'm trying to slow it down more towards buy-and-hold. Mostly because of the changes in my personal life more than anything. But I'll still fast trade in a heartbeat if I think that's what I think is best at any given time....

[Bernz]

This is really a nervous market we are experiencing. I am still very positive with the idea of buy and hold but this is becoming too stressful to a lot of us and I will be taking it easy in the next 3 months. Especially being tax season.

[srblanco7]

We haven't reached "despair" level yet and I don't think it's going to turn for the better for quite a while. I'll keep buying.

[sweeps]

*SMASH*
Forget 7300. Forget 7200. We're going DOWN.

Major stock market indexes fall to 1997 levels - Yahoo! Finance

"People left and right are throwing in the towel," said Keith Springer, president of Capital Financial Advisory Services.

"The biggest thing I see here is the incredible pessimism," Springer said. "The government is doing a lousy job of alleviating fears."

"There's no where to hide anymore," said Jim Herrick, director of equity trading at Baird & Co.

[GREENBACK]

This rollercoaster only seems to be going down now....Yipppeee!!! I knew this year was going to be fun.

[Snodog]

If we do go down it will be an exciting opportunity to start anew in a brand new world. How's that for positive thinking?

[Snodog]

I'm actually surprised by how well the US economy has held up so far. Its pretty bad here but its alot worse in some other countries.

[disneysteve]

I'm actually surprised by how well the US economy has held up so far. Its pretty bad here but its alot worse in some other countries.

Good point. I think Americans tend to be relatively uninformed about what is happening in the rest of the world (I'm guilty of that myself much of the time) but from all I read, many other countries are going through the exact same stuff - cutting interest rates, bailing out banks and automakers, paying consumers incentives for buying new cars and doing various other things to stimulate their economies.

We live in a global economy, moreso than ever before. What happens here affects other countries. What happens in other countries affects us.