Jim Bob Jones

What's the Fair Value for the Dow Jones Industrial Average?

So, let's all hold long term and give Wall street another chance to drain our piggy? I do'nt think so! Trade short term , follow the trend and protect your wealth unlike the so called knowledgeable banks and brokers.


On Nov 01 07:01 AM apppro wrote:

> What happened this week is just another and perhaps best/final case
> into why we must stop this short-term option trader/traitor mentality
> & trading. I’ll be the first to admit that maybe the DOW and
> S&P have as some have complained, “Gone too far in too short
> a period of time!” Without going back to my original argument that
> they’re basing that moronic statement on a level we should have NEVER
> been at in the 1st place, let’s just say that maybe the markets have
> gone a little higher then maybe their actual worth is based on. As
> to whether the DOW or other indices are fairly valued, I give your
> opinion above worth noting.
>
> For me I take a far longer view. We’ve taken out all the added fluff
> that they say was added with all that leverage since 2004, and actually
> we’re even back to 1999 levels. Fair? Doesn’t sound fair to me, but
> that’s what we allowed to be done.
>
> Just look at this past week’s chart of JPM Chase.
>
> finance.yahoo.com/echa...;range=5d;indicator=vo...
>
>
> Monday and Tuesday were ok and non-events on no news. On Wednesday
> the entire market sold off at the open and never recovered. The news
> again was really a non-event, but some media pundits & traders/traitors
> brought back that ‘double deep’ crappola and fear spread throughout.
> Thursday reality set back in when GREAT GDP and just ok employment
> #’s came out.. the markets recovered, but those traders/traitors
> couldn’t let it go. CNBS had a parade of naysayer pundits on the
> show Friday morning and when basically so-so spending and income
> numbers came out at 8:30 am (These numbers were exactly as expected
> and should have been a non-event.) the short-term option traders/traitors
> had worked everybody up into a sell-off mode and things never looked
> back. 250 points down on the DOW and major levels breached. It was
> a pure disgrace. They tried to blame it on the dollar, on the consumer,
> on anything they could grab a hold of; but when it comes down to
> it, the sell-off was a well orchestrated, end-of-the-month options
> traders/traitors manipulated disaster.
>
> You may ask, “Why should I care? I’m not in the market or I own mutual
> funds, why should this matter to me?” It matters because you may
> be one of those lucky people who still has a job, or one of those
> still trying to find one... all these swings and angst are not healthy.
> They make everyone so full of fear and uncertainty that no one can
> muster up the desire to spend, invest, invent, inspire, etc. And
> don’t make the mistake of thinking that CEO’s of big companies are
> any different. I told you before, you keep bashing someone over the
> head over and over; sooner or later they will break! This is especially
> true of small businesses, the major driver of employment in the U.S.
> Would YOU spend thousands or go into debt to start a new business
> if every 5-minutes someone else is telling you that everything will
> crash in the next 10-minutes? I don’t think so!
>
> Whether you’re a Republican or Democratic, whether you’re a capitalist
> or socialist, whether you’re a ying or a yang; we MUST ALL start
> to agree upon ONE THING and that is this short-term mentality and
> trading MUST END!
>
> STOP THE INSANITY NOW!
>
> Revised Tax Rules:
>
> 1. Capital gains under <6 months - 55% tax on capital gains
> 2. Capital gains 6 > 12 months - 45% tax on capital gains
> 3. Capital gains 1 > 2 years - 35% tax on capital gains
> 4. Capital gains 2 > 5 years - 18% tax on capital gains
> 5. Capital gains 5+ years - 5% tax on capital gains
> 6. Most critical of all — Institute a capital gains tax of 55% on
> ALL short sales not directly tied to a long buy by a licensed hedge
> fund. I'm tired of paying for the pure shorts 3rd vacation home.