STORM2K

When do you think it will finally reach that mark again?

Probably sometime later this week.

It just topped 11,000...

The last time the Dow closed above 11000 was June 7, 2001. That is a long time to make it back, but a lot has happened since then. Let's hope things are really looking up now.

As long as people don't go crazy and overvalue corporations to insane levels again. Which I have no reason to believe they won't. People forget too easily and jump into cheerleader mode with ease.

Well, it just closed above 11,000 for the first time since June 2001....before 9/11.

We've come a long way!

southerngale wrote:Well, it just closed above 11,000 for the first time since June 2001....before 9/11.

We've come a long way!

Yes we have!

I knew Dow's gonna top 11,000; I just don't know when.

kevin wrote:As long as people don't go crazy and overvalue corporations to insane levels again. Which I have no reason to believe they won't. People forget too easily and jump into cheerleader mode with ease.

It will happen over and over again until the end of capitalism, whenever that happens. It's human nature. (and no, I'm not advocating an end to capitalism!)

The key to being a successful investor is to recognize this, and to understand and get a few steps ahead of trends in the marketplace. That and most importantly don't be greedy. Set reasonable goals and pull out when you reach them or immediately when it becomes clear that you won't reach them. As Jim Cramer likes to say, "Bulls make money, bears make money, but pigs get slaughtered".

yeehaw! my retirement account is making $1000 a day!! Keep it up, boys!

alicia-w wrote:yeehaw! my retirement account is making $1000 a day!!

Ahhh, you gotta love compounding gains.