Posted by
Message
LSURussian
LSU Fan
Member since Feb 2005
110989 posts

On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
....over 2,000 closing at 2,005.91.

There are unconfirmed reports that some stock experts on that date predicted the DJ was about to crash and would never go over 2,000 again.



Hussss
Auburn Fan
Living the Dream
Member since Oct 2016
3901 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...


Replies (0)
Replies (0)
25
timdonaghyswhistle
Member since Jul 2018
1634 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
I was in high school in 1987. I remember our government/civics teacher telling us about stock brokers committing suicide over Black Monday, so your statements about dire predictions are very accurate.
This post was edited on 1/8 at 11:39 pm


TheIndulger
LSU Fan
Member since Sep 2011
18101 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
Does this mean we'll be over 200k in another 30 years?


LSURussian
LSU Fan
Member since Feb 2005
110989 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
quote:

I remember our government/civics teacher telling us about stock brokers committing suicide over Black Monday,
Your teacher lied to you.


Hussss
Auburn Fan
Living the Dream
Member since Oct 2016
3901 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
Yeah the teacher must have been thinking of the Great Depression where bankers were jumping out of windows.


LSURussian
LSU Fan
Member since Feb 2005
110989 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
quote:

Does this mean we'll be over 200k in another 30 years?
Warren Buffett predicted a few months ago that the DJ will hit 1,000,000 within 100 years so I guess 200,000 in 30 years is doable.


Hussss
Auburn Fan
Living the Dream
Member since Oct 2016
3901 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
Is he your God?

That is ludicrous!


buckeye_vol
Ohio State Fan
Member since Jul 2014
30447 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
quote:

so I guess 200,000 in 30 years is doable.
That translates to about a 7.3% annualized gain over that time frame. So that wouldn’t be surprising at all.


Replies (0)
Replies (0)
70
LSURussian
LSU Fan
Member since Feb 2005
110989 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
quote:

Is he your God?
No, but he has a whole lot more credibility about investing than you ever will.
quote:

That is ludicrous!
For the Dow Jones to go from its current 23,900 to 1,000,000 in 100 years only requires a compounded annual rate of growth for the Dow Jones of 3.85%.

The Dow Jones over the last 117 years has increased at an annual compounded rate of 5.50%.

So why is it ludicrous?

Maybe math and shite just ain't your thing....
This post was edited on 1/9 at 3:21 pm


TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
Hussss
Auburn Fan
Living the Dream
Member since Oct 2016
3901 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
Markets have to have credit expansion and debt creation in order to rise. They have had this perfect recipe to do so when demographics called for this. We are headed to the other side of the mountain now.


Replies (0)
Replies (0)
09
notiger1997
Metairie
Member since May 2009
39825 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
Being nuts and/or trolling is his thing


Hussss
Auburn Fan
Living the Dream
Member since Oct 2016
3901 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
Let’s hear your investment thesis.

What are you buying?

What are you selling?

How are you positioned and why?

Come on. I came here for substance and besides Doc Fenton I have found NONE.


notiger1997
Metairie
Member since May 2009
39825 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
You came here to preach doom and gloom and try to act like you knew something. Russian has made you look dumb.


Hussss
Auburn Fan
Living the Dream
Member since Oct 2016
3901 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
Russian? Yeah right. That 3rd grader doesn’t know his elbow from his a s s h o l e.


TheIndulger
LSU Fan
Member since Sep 2011
18101 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
Dude, a 3.8% average yearly gain for the market isn't shite. How could you possibly argue against that?


LSURussian
LSU Fan
Member since Feb 2005
110989 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
quote:

TheIndulger
Careful. You're about to be accused of being my alter.....


Replies (0)
Replies (0)
33
EA6B
Navy Fan
TX
Member since Dec 2012
8716 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
quote:

Yeah the teacher must have been thinking of the Great Depression where bankers were jumping out of windows.


Another common myth, there is no death record or first person witness of any brokers or bankers jumping out of windows in 1929.

LINK


Replies (0)
Replies (0)
40
Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
64140 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
quote:

For the Dow Jones to go from its current 23,900 to 1,000,000 in 100 years only requires a compounded annual rate of growth for the Dow Jones of 3.85%.

The Dow Jones over the last 117 years has increased at an annual compounded rate of 5.50%.

So why is it ludicrous?

Maybe math and shite just ain't your thing....





I think the S&P over the past 91 years averaged a little over 11% with dividends reinvested, adjusted for inflation that's a real return of around 7-8%.


But let's listen to Husss, he found a penny stock that returned 300% that one time.


Replies (0)
Replies (0)
90
LSURussian
LSU Fan
Member since Feb 2005
110989 posts

re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...
quote:

must have been thinking of the Great Depression where bankers were jumping out of windows.
As the other poster pointed out, that's an urban legend that never happened.

You're something like 0 for 5 just today.

But by all means, please teach us about investments. How else can we ever learn???


first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram