The Stock Market Is Maddening!!!

[strikeeagle]

The DJIA (Dow Jones Industrial Average) first crossed the 10,000 mark on March 12, 1999, 5 years and 4 days ago.

The NASDAQ first crossed the 2,000 mark on November 27, 1998, 5 years, 3 months and 20 days ago.

Guess where the DJIA and NASDAQ are today?

Everybody keeps saying things will get better, but W-H-E-N?

You watch - years from now the know-it-alls will mark the late 90's as the beginning of the end for the market as we know it. Something has fundamentally changed, but they're just not smart enough to see it. One thing they can't dispute, making absolutely nothing on your money (were you so fortunate) for more than 5 years isn't smart.

 

[bishir]

That's why I used my money to improve my house and buy cars that will at least hold their value while I enjoy them. When things start to look a little better I'll take a gamble.

 

[CPAKCP]

What may be changing is the concept of buy and hold. Market timimg may become necessary for all of us. I don't kow about you, but I'm tried of riding a falling market.

 

[AirBuick]

If you think 5 years is a long time, get yourself some long-term historical charts of the Dow and look at the period between 1966 and 1982. During this period, the Dow fluctuated between 600 and 1000. For 16 years, it went essentially sideways. Who knows, we could be in for another one of those periods. In the last 5 years, we've seen some extremely overvalued stocks that could take a long time to get back to those levels.
Buying low and selling high is one of the toughest things to do consistently. You have to be able to buy something when everyone else hates it. Successful market investing is hard to do. The old stock market adage says: if there was any easy money lying around, no one would be shoving it into your pockets.

 

[John Larkin]

There is no "investing". It's all gambling, edjucated guesses, and short-term trading. Don't even think about reading commentaries. It's all derived from knee-jerk reporters who are paid to write for the purpose of filling up space.

One thing is true though: the DJIA has never gone negative from October to April in the last 14 years, probably longer. From May - September it has. You can look it up. NASDAQ has stumbled during Oct-Apr so keep that in mind.

 

[Drew L]

The comparison to a few years back can be made and when it was that high is when one should have sold because it will be a long time before it gets back there. It was a false reflection on reality. Take a look at the dot.commers...........come and gone just like the highs of the stock market ...come and gone. Besides, the stock market is legalized gambling. Happy St. Patricks Day Drew