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Featured When will the Dow hit 30,000? 40,000?

Discussion in 'Current News & Events (Articles Required)' started by HTacianas, Oct 12, 2018.

  1. HTacianas

    HTacianas Well-Known Member

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    I remember years ago seeing an article in a newspaper about some financial planner or stock broker or something who owned two cars. He had personalized license plates for each of them. One was DJI 3000 and the other was DJI 4000.

    He had them made because of his belief that the Dow would one day hit 3000 and then go on to 4000. Everyone thought he was crazy for predicting it would ever go that high.

    History proving him right, how long before it hits 30,000? How about 40,000?
     
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  2. mukk_in

    mukk_in Yankees Fan Supporter

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    Plenty of headwinds (tariffs, geo-politics, midterms, interest rates, general fear, and so on). But, if earnings are good then the DOW may hit 30,000 in a year and 40,000 in 5 years. That's not a scientific analysis, just a guess (there are plenty out there calling a 50% correction). With some skin in the game, I'd be the first to be thrilled if my optimism (Proverbs 21:5, 21:10, Ecclesiastes 11:1-6, Luke 14:28-30) were to be true (The Lord's will) :).
     
    Last edited: Oct 12, 2018
  3. childeye 2

    childeye 2 Well-Known Member

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    It's kind of like asking when will the dollar be worth 65 cents.
     
  4. John Bowen

    John Bowen Active Member Supporter

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    The stock market is dressed up gambling where a relatively small investment you can have a great return .The promise that all who play the lottery win the big prize .It goes against the Jesus's parable of the talents what you do God will gladly multiple .It is the modern Tower of Babel of greed it will not last because it is not of Christ.
     
  5. FireDragon76

    FireDragon76 Well-Known Member Supporter

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    Judging by the slide the last few days... not any time soon.
     
  6. Yekcidmij

    Yekcidmij Polymath

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    Technically, an equity is a piece of business ownership. Why is business ownership equated with gambling? I don't get it. I suppose you could treat the stock market as a casino, trade in and out of things frequently without regard to the underlying ownership stake

    God's against investing? How is your argument supported by the parable of the talents? In the parable, the slave who doesn't deposit his money with the bankers, and so doesn't ear interest on his talents is chastised for being foolish.
     
  7. childeye 2

    childeye 2 Well-Known Member

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    I believe the talents are not to be compared with worldly monetary gain. The talents are most likely Love. Hence you cannot serve both God and Mammon.
     
  8. Ancient of Days

    Ancient of Days Well-Known Member Supporter

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    Not anytime soon. Its so over sold its about to correct to the downside at about 50-60 percent. The under lying bond and derivative bubble is about to pop and bring down the house of cards. Move your money into PHYSICAL gold and silver NOW. If you don't hold it you don't own it.
     
  9. Yekcidmij

    Yekcidmij Polymath

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    No, a talent was about 6,000 denarii. A talent was used as a measurement for currency.
     
  10. Phil 1:21

    Phil 1:21 Well-Known Member

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    1. Never take financial advice on the internet.

    2. See #1

    ;)
     
  11. Ancient of Days

    Ancient of Days Well-Known Member Supporter

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    "Phil 1:21, post:
    1. Never take financial advice on the internet.

    2. See #3

    3. Never take advice about taking advice on the internet.

    4. Its better to be out 2 years to early of the stock market than 2 days too late.

    This time there will be no one buying until it hits the bottom.
     
    Last edited: Oct 12, 2018
  12. John Bowen

    John Bowen Active Member Supporter

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    2% own 90 % of all the wealth in America . They are like the kings and noblemen of the feudal societies of Europe of the past . Where the peasants worked the land to support them .We have the same thing today created through the Fed and the stock markets. Where a small elite is reaping the reward off of the workers hard labor .they aren't actually doing the work themselves using their talents they are skimming off the top . The elites own the media that convinces people to invest with their pensions ,savings , to take on the risk so If the elites get scarred they can pull out of the market and leave the common folk holding the bag . They also know the Fed will bail them out as we saw in 08 cause they are The FED and nothing has changed since then where the whole system could have came down. The elites people with billions hundreds billions that have more $$ than they could ever spend or need are only driven by greed their greed will eventually take down the system it will collapse under it own weight what is not built on the rock of Christ will always crumble unless the people wake up and demand change. In a Christ economy the workers would receive a share in the company so when the company did well they would profit like Amazon ,Walmart so they wouldn't be just worker bees robots getting part time pay while the owners shareholders make billions . You wouldn't have to work 30 yrs straight you could take time off to purse other things like going back to school studying the WORD . And what's better for everyone the overall economy If one person has a 100 million dollar house or thousands have a 200 k house which one creates more jobs a better life for everyone ?
     
  13. childeye 2

    childeye 2 Well-Known Member

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    I realize that, but in the parable of the talents, it's a metaphor for God's currency.

    15 But Jesus saw through their hypocrisy and said, “Why are you testing Me? Bring Me a denarius to inspect.” 16 So they brought it, and He asked them, “Whose likeness is this?” And whose inscription? “Caesar’s,” they answered. 17Then Jesus told them, “Give to Caesar what is Caesar’s, and to God what is God’s.”

     
  14. childeye 2

    childeye 2 Well-Known Member

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    Seldom do people see that inflation is actually a decline in the value of the dollar caused through investing and then accruing interest without working/laboring for it. Ten years from now, the dollar I labored for will not buy what it did when I labored for it. Hence it is stealing a man's labor.
     
  15. Basil the Great

    Basil the Great Well-Known Member Supporter

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    Well, I wouldn't worry too much about Dow 30,000 or 40,000, until it at least hits 20,000. By the way, if the National Debt continues to skyrocket, you will see Dow 10,000 before you see Dow 30,000.
     
  16. Phil 1:21

    Phil 1:21 Well-Known Member

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    The Dow is at 25,517.70 this morning. It's been over 20k for quite some time.
     
  17. Yekcidmij

    Yekcidmij Polymath

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    I think stocks may do the opposite, assuming there's any relation at all. In the case of ever expanding debt and deficits, stocks could go higher and stay elevated.
     
  18. Archivist

    Archivist Senior Veteran Supporter

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    Wasn't gold around $1800 an ounce in 2011? It is worth around $1200 an once today. The Dow was around 11,500 at the beginning of 2011. It is over 25,000 today.
     
  19. KernelPanic

    KernelPanic New Member

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    On a long enough timeline, sure, the Dow could go to 30,000 or 40,000. The question though is how many years are you going to wait for that to happen? Generally, any prediction that doesn't give a timeframe of when it will happen is useless.
    This is terrible advice. Most gold dealers will only allow you to exchange gold at 85% of the market rate. And if a doomsday scenario happens, why do you think gold will somehow be of use to you? Gold is a commodity, not money.
     
  20. parousia70

    parousia70 Livin' in yesterday's tomorrow Supporter

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    Not today that's for sure.
     
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