dow jones index fund folly

[maladroit]

if i bought a $100,000 dow jones index fund one year ago today, it would be worth $63,000 now

for some reason, my financial advisor has not returned the call i gave him last week...i hope he didn't jump

[maladroit]

the dow futures were showing a 200 point gain before opening this morning and the day ended up with a 680 point loss, leaving the dow jones at the same level it was back in early 1998...the media blamed general motor's credit rating, but i think the end of the ban on short selling had a significant influence too...i wonder if the us government will do another auto giant bailout like it did back in the late 70's...GM and ford are too big to fail!


Chrysler's Crisis Bailout - TIME (http://www.time.com/time/magazine/article/0,9171,947356,00.html)

[killerweed420]

The masters of the universe are saying 8000 on the DOW will be the bottom. Thats what I like about experts, they always have an expert opinion of something they don't know shit about. GM took a huge hit today. It will need a government loan to stay afloat. Its been a terribly run company for decades.
Its a shame for retirees that were planning to retire in the next 5 years because most of there portfolios will have dropped 40% this year.
My hope is that we're headed for a depression and somebody will finally wise up and put this country back of firm financial grounds. Do away with the fiat money system, completely revamp the stock market. Do away with hedge funds and the futures market for a start.

[thcbongman]

^^^

Ah to heck with that! Let's just accelerate the use of natural resources to sustain further growth to the economy, print more money and put more money into defense. Sure we'll destroy the planet, but it's a small cost.

[DaBudhaStank]

People still buy American cars? I can't imagine why. After the third Ford my family bought that ended up being a piece of shit, you'd imagine people would learn....Jap cars all the way man.

[maladroit]

this won't wise anyone up...when they sit down to revamp the stock market, they will have the masters of the universe in there with them as advisors...when the masters of the universe fuck up again, they will stampede back to the US treasury door with their begging buckets and cry that the government owes them *another* bailout...it will be a cold day in hell before i trust those bastards again

[GrinKyle]

People still buy American cars? I can't imagine why. After the third Ford my family bought that ended up being a piece of shit, you'd imagine people would learn....Jap cars all the way man.

I don't know man.... those European cars are pretty bad ass.

[maladroit]

the dow jones index is currently sitting at the same level it was back in july 1997

WAH!

the canadian stock market is also down by a similar amount despite the fact that canada:

- has over a decade of trade surpluses
- paid down the national debt by 20%
- created 100,000 new jobs in september 2008
- has the best rated banking system in the world (according to world economic forum oct/08)
- has a stable real estate market (so far)
- new car sales *still* increased above record levels in september 2008

why is canada taking a beating on the markets?

SPECULATION!