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LSURussian
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9 acres of paradise in Baton Rouge
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On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
Also on that same date Hussss told everyone he knew that a stock market collapse was imminent...


SLafourche07
New Orleans Pelicans Fan
Member since Feb 2008
8004 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
Answer this question honestly:

Has there or has there not been multiple crashes since February 1995?


Exactly.


notiger1997
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re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time


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iAmBatman
USA Fan
The Batcave
Member since Mar 2011
10919 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

Has there or has there not been multiple crashes since February 1995?



True

And yet here we sit today, with that same index over 6.5 times higher that it was in February 1995.


slackster
Stanford Fan
Houston
Member since Mar 2009
71647 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
And the Russell 2000 closed below 255 for the last time ever. *

And the Nasdaq Composite was flirting with 800.

*I’m too lazy to check that officially but the charts would suggest it’s accurate.



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LSURussian
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9 acres of paradise in Baton Rouge
Member since Feb 2005
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re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

Has there or has there not been multiple crashes since February 1995?
None that I know of.

I remember 2 or 3 routine short-term market corrections since then but no crashes with the exception of the flash crash on May 6, 2010 when the Dow Jones lost almost 1,000 points, or 9%, (from a starting point of around 10,500 points) but fully recovered from the dip within 36 minutes. It was caused by some high frequency trading systems that got triggered.

And possibly the 2008/2009 financial crisis market pull back could be considered a "crash" but I considered it the best buying opportunity in my lifetime. I literally doubled by stock portfolio value within 18 months from when the pull back started.

So I know you aren't trying to say a prediction of a market crash made in 1995 finally occurred in 2008, are you?

What crashes do you remember?


deeprig9
Georgia Fan
Member since Sep 2012
42809 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
To be fair, the DJI adds winners and removes losers from time to time. It's not a completely static dataset.


LSURussian
LSU Fan
9 acres of paradise in Baton Rouge
Member since Feb 2005
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re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
Okay, and..??


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21JumpStreet
Texas Tech Fan
Member since Jul 2012
11924 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
On this date in 2017, bitcoin is still crashing.


bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
15122 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
and BRK.a shares were sub 24k dollars.

Now 368k


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lsu777
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westlake
Member since Jan 2004
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re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

True

And yet here we sit today, with that same index over 6.5 times higher that it was in February 1995.


Imagine thinking this is a good rate of return over 25 years


slackster
Stanford Fan
Houston
Member since Mar 2009
71647 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

Imagine thinking this is a good rate of return over 25 years


Is 7.4% annualized bad? From a risk-adjusted standpoint that’s not too shabby.

Eta- 8.2% actually. I just rolled with the 6.5x figure which is incorrect.
This post was edited on 2/23 at 2:11 pm


LSURussian
LSU Fan
9 acres of paradise in Baton Rouge
Member since Feb 2005
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re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

Imagine thinking this is a good rate of return over 25 years
8.6% compounded annually? Roughly 4X the average annual rate of inflation?

My money doubles approximately every 8 1/2 years with a Beta of about = 1.0?

Sign me up for that anytime. I'll take it.


iAmBatman
USA Fan
The Batcave
Member since Mar 2011
10919 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

Imagine thinking this is a good rate of return over 25 years



what do you consider a good rate of return to be?


lsu777
LSU Fan
westlake
Member since Jan 2004
16321 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

what do you consider a good rate of return to be?



well on a risk adjusted basis thats a fine return. if that is your game, so be it.

I play that game too with my 401k.


But as far as good rate? Well i play crypto so i am jaded big time lol.


iAmBatman
USA Fan
The Batcave
Member since Mar 2011
10919 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

But as far as good rate? Well i play crypto so i am jaded big time lol.



you didn't answer the question


slackster
Stanford Fan
Houston
Member since Mar 2009
71647 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

But as far as good rate?


A good rate is a good risk adjusted rate.


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Y.A. Tittle
LSU Fan
Member since Sep 2003
84008 posts
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re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

well on a risk adjusted basis thats a fine return. if that is your game, so be it.

I play that game too with my 401k.


But as far as good rate? Well i play crypto so i am jaded big time lol.


So, all your goofy cackling emojis made zero sense basically. I didn't think they did, but I'm glad you confirmed. Weird flex.


bstew3006
USA Fan
318
Member since Dec 2007
9184 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

On this date in 2017, bitcoin is still crashing.


On this date in 2016, Bitcoin was $438

on this date in 2015, Bitcoin was $251
This post was edited on 2/23 at 2:19 pm


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lsu777
LSU Fan
westlake
Member since Jan 2004
16321 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

you didn't answer the question



for a low risk retirement account 8% is fine.

but yall are celebrating this while shitting on bitcoin for when it did this in way less than 4 years. yet many here called it a scam including some that still shite on it, include slackster.

over any 5 year period, gains in btc would destroy this though at no real risk to lose your money. hell you could say 3 or 4 year period too.


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