So the Dow set a record-high today... | TigerDroppings.com

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JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
17243 posts

So the Dow set a record-high today...


Anyone seen Baylor around here recently?




quote:

In the face of great skepticism and a laundry list of reasons why it shouldn't be happening, the Dow Jones Industrial Average (^DJI) burst higher in early trading today, eclipsing the previous closing high of 14,164 set on October 9, 2007. As it stands, the DJIA is also trading above the record intraday high of 14,198.

While the Dow's move into all-time high territory was not entirely unexpected, it is nonetheless a momentous achievement. Of particular note is the fact that today's record comes just four days shy of what will be the index's 4th anniversary of its low, which was set almost 4,000 points ago on March 9, 2009.



Out of curiosity, does anyone still have a link to Baylor's thread from way back then?



This post was edited on 3/5 at 11:05 am



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TDsngumbo
LSU Fan
Member since Oct 2011
5229 posts

re: So the Dow set a record-high today...


Just wait until those 170 million jobs are lost.





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Projectpat
Texas A&M Fan
Houston, TX
Member since Sep 2011
5787 posts

re: So the Dow set a record-high today...


I'm sure everyone predicted back then that the government would put in an economic prop-up of epic proportions.





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JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
17243 posts

re: So the Dow set a record-high today...


So the government intervening in a historic economy slump was a surprise?





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LSURussian
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Member since Feb 2005
80736 posts
 Online 

re: So the Dow set a record-high today...


quote:

Out of curiosity, does anyone still have a link to Baylor's thread from way back then?




Here is his "I got out of equities today" thread from May, 2011

Here is his "short the market big" thread from August, 2011






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80736 posts
 Online 

re: So the Dow set a record-high today...


quote:

I'm sure everyone predicted back then that the government would put in an economic prop-up of epic proportions.


We didn't have to predict what the Fed or the government was going to do when Baylor gave his advice.

It was already happening....






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JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
17243 posts

re: So the Dow set a record-high today...


Thanks...this is one of my favorites:

quote:

Baylor
Member since May 2009
238 posts

re: Dont let today's fools gold fool you. (Posted on 8/11/11 at 10:26 a.m.)

So the next thing to look for is the 1180 mark, and at the very highest the 1195 mark.

Thats the point where you can expect the next free fall.

He does not see anyway that we can reach 1220 again.

So another words, the new top before hitting absolute bottom cant reach 1220.

So this means we wont see 1220 again for several years.

This is great bumping material for the haters.

Here it is.

You will not see over 1220 reached again until after it goes below 800.

Bookmark that statement.

I cant be anymore clear then that.

That is about as precise of a prediction as you will ever read on a forum board.

Basically predicting it to go up to 1180, but at the same time have no chance of going beyond 1220.

We are only talking 40 points here.
Not much margin for error.

It is possible that the 1180 does not get reached, but it is not possible that the 1220 will get reached.

Not until after we hit absolute bottom.

Good luck






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mach316
LSU Fan
Jonesboro, AR
Member since Jul 2012
1786 posts

re: So the Dow set a record-high today...


I took some profits today..





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: So the Dow set a record-high today...


yet....

1.1 in 6 americans is on food stamps
2.higher taxes for all
3.food and gas costs rising
4.overall inflation not really keeping up with normal wages
5.high unemployment
6.interest rates at 0% still can't jumpstart hiring

overall, its good to be rich, they're the ones who invest in the market, these companies are crazy cheap and I think the market is gonna run run run.....but overall the economy sucks, just companies are more profitable than ever and doing so with less workers.....



This post was edited on 3/5 at 2:32 pm


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21518 posts

re: So the Dow set a record-high today...


quote:

I took a lot of profits today..


Yep. Big time

I've gotta do some research for my next big buying opportunity...



This post was edited on 3/5 at 2:57 pm


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21518 posts

re: So the Dow set a record-high today...


I'm still down pretty big from FSLR purchase last year so I'm not at Baylor's level of market timing yet.





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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
13127 posts

re: So the Dow set a record-high today...


quote:

re: Dont let today's fools gold fool you. (Posted on 8/11/11 at 10:26 a.m.)

So the next thing to look for is the 1180 mark, and at the very highest the 1195 mark.

Thats the point where you can expect the next free fall.

He does not see anyway that we can reach 1220 again.

So another words, the new top before hitting absolute bottom cant reach 1220.

So this means we wont see 1220 again for several years.

This is great bumping material for the haters.

Here it is.

You will not see over 1220 reached again until after it goes below 800.

Bookmark that statement.

I cant be anymore clear then that.

That is about as precise of a prediction as you will ever read on a forum board.

Basically predicting it to go up to 1180, but at the same time have no chance of going beyond 1220.

We are only talking 40 points here.
Not much margin for error.

It is possible that the 1180 does not get reached, but it is not possible that the 1220 will get reached.

Not until after we hit absolute bottom.

Good luck


This is what happens when you listen to Alex Jones all day.






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CamdenTiger
Member since Aug 2009
27204 posts
 Online 

re: So the Dow set a record-high today...


Well, in his defense, you can see what can happen when you borrow 6 trillion dollars. I'm not throwing stones at the guy. Anyone with any sense couldn't predict what kind of hole our gov't would dig to produce such a facade.





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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
13127 posts

re: So the Dow set a record-high today...


quote:

Well, in his defense, you can see what can happen when you borrow 6 trillion dollars. I'm not throwing stones at the guy. Anyone with any sense couldn't predict what kind of hole our gov't would dig to produce such a facade.



He did say he would either be 100% correct or 100% incorrect. The problem is, there were people on this forum that followed his advice and lost money.

If he had started the thread with a qualifying statement such as "This is my opinion/speculation on what's gonna happen in the stock market...............", I wouldn't throw stones at the guy. Had he offered facts instead of "some guy who did well with stock investing since 2008 told me.....", It would be easier to give him the benefit of the doubt. But he didn't, and thus, frick him.









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TejasHorn
Texas Fan
High Plains Driftin'
Member since Mar 2007
3445 posts

re: So the Dow set a record-high today...


I wonder how many Joe sixers cashed out of the market to "invest" in silver and ammo when O was re-elected. I have a few friends/family that didn't go the distance but certainly "hedged" based on political emotion at the time.

Of course they are still awaiting the dissolution of the union and subsequent UN takeover attempt.







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agdoctor
LSU Fan
Louisiana
Member since Dec 2004
1754 posts

re: So the Dow set a record-high today...


Some of us realize that the democrats only talk about helping the poor and middle class but actually sell out to big business.





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kiwitiger
LSU Fan
New Zealand
Member since Jul 2011
10 posts

re: So the Dow set a record-high today...


Well those that did are up nearly 200% in gold and 300% in silver. (if they cashed out in October 2008) They also have anonymity and no counterparty risk.





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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
13127 posts

re: So the Dow set a record-high today...


quote:

kiwitiger


Obvious, alter is obvious.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21518 posts

re: So the Dow set a record-high today...


How can you cash out before an election if you bought after the election?





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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29859 posts

re: So the Dow set a record-high today...


quote:

Obvious, alter is obvious.


That he is even aware of counterparty risk makes me think he might have just been trolling. Maybe.






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