Originally Posted by dellinger63

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when the government gets its hands on private sector businesses there's a huge problem. Case in point our mailman at the office who does 8hrs of work in 2 hours, sleeping or playing talk show host during the rest of his 6 hrs. Then he needs a shrink cause he's overworked? And he's one of the star employees hence the one office complex delivery per day. Schools in our area who dare mention God are far superior to anything public at a fraction of the cost per student. So what happened?

Originally Posted by Rupert Pupkin

There is a very bright economist named Harry S. Dent that I have followed for years. He is a Harvard MBA. He wrote the book The Great Boom Ahead back in 1992 where he predicted that the Dow, which was around 2000 at the time, would go up all the way to 10,000 or higher. Then he wrote the Roaring 2000s in about 1998. In that book he updated his estimates and predicted the Dow would probably go up to 20,000 and possibly as high as 30,000 which turned out to be overly optimistic. In both those books he predicted that we would have a huge boom period that would last until approximately 2008 or 2009. But he always predicted that the prosperity would come to an end sometime around 2008 or 2009 and that after that we would go into a terrible depression that would last for years. And back in around 1990, he predicted that the Japanese economy would collapse and would not recover for more than 20 years.

His predictions are based mainly on demographics. His numbers are never going to be perfect. He can't tell you exactly how low the Dow will go. The low could be 3000 or it could be 4500. Nobody knows exactly. And there can be unforseen short-term events that can throw things off course temporarily. But in terms of market direction on a long term basis, I think Dent has been very accurate. He says that the next boom period will not start until somewhere between 2020 and 2023. By the way, he also accurately predicted the housing crash. His timing may have been off by a year, but all the way back in 1998, he warned something to the effect of, "Don't be buying your $10 million dream house any time around 2007, which will be the top of the housing market, because you will see the house lose around 70% of its value.

Anyway, Dent's new book is called The Great Depression Ahead.

Originally Posted by Smooth Operator

Super week for the broad index


Predicting a 10-12% return by year's end




Sure hope Pants is around in 2035 to help me load that U-Haul. :cool:

Originally Posted by Smooth Operator

We'll talk in early Jan, geeker


In the meantime, keep all your money in that 0.50% savings account.




Let the big boys test the markets :cool:

Originally Posted by geeker2

I keep mine in a checking account - that way I can spend it faster.

Originally Posted by Antitrust32

:tro:

Originally Posted by Smooth Operator

Be greedy when others are fearful -- Warren Edward Buffett





No fear :cool:

Originally Posted by dalakhani

Mr. softy and amex are getting throttled after market.

Originally Posted by gales0678

the stock market is acting as though the health bill is not going to get through , it acted the same way right before hillarycare failed back in '93

Originally Posted by Rupert Pupkin

Not to mention AMZN. Amazon is down about 6 bucks in the after-market. If nothing changes overnight, the market looks like it's going to open down quite a bit tomorrow.

Like a moron, I covered alot of my shorts before the close. My only saving grace is that I am short a little AMZN.

Originally Posted by dalakhani

My friend, what the hell does this have to do with the health bill? Where do you come up with this stuff?

The market has been range bound for the last few months after we got off the lows. Today we broke through the range only to have a couple of big boys throw some nasty cards on the table after hours. Tommorow the market will most likely get smacked and will retreat.