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re: Dont let today's fools gold fool you.
Posted on 8/11/11 at 11:54 am to Chad504boy
Posted on 8/11/11 at 11:54 am to Chad504boy
Means absolutely nothing. Look at percentages, absolute values are completely useless. The S&P didn't even reach 800 until 1997.
3
Posted on 8/11/11 at 12:00 pm to kfizzle85
There is some psychological significance associated with say 10,000 DJI, $100 oil, and 1000 S&P. Otherwise I agree with you.
Posted on 8/11/11 at 12:18 pm to kfizzle85
quote:
Means absolutely nothing. Look at percentages, absolute values are completely useless. The S&P didn't even reach 800 until 1997
agree
Posted on 8/11/11 at 12:51 pm to kfizzle85
quote:
Means absolutely nothing. Look at percentages, absolute values are completely useless. The S&P didn't even reach 800 until 1997.
Back in the day, Russian posted a log based chart for the DJIA and I thought he was just being a terd. This board has really helped me understand the financial world a lot better. At a minimum, it has encouraged me to learn more about the subjects with outside learning.
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