Dow closes at another all time high

[rbaker]

Dow closes at another all time high of $14334.67. How sweet it is!

[CCGREEN]

Which brought my Harley Davidson stock up also.............sweeeeeeeeeet

[Johns]

I sold all my stocks yesterday. I'm sitting out for awhile, as I feel a MAJOR correction is coming. I'd rather miss a bit in the next few months on a possible continuation of the climb than lose all the gains from the last 2 quarters.

[rbaker]

Of course a correction is coming, it always does, particularly when you cut and run. However, the stock market is a long term investment. And, don't forget the other very important component of your portfolio - stock dividends - the gift that keeps on giving.

[Johns]

Of course a correction is coming, it always does,particularly when you cut and run. However, the stock market is a long terminvestment. And, don'tforgetthe other very important component of your portfolio - stock dividends - the gift that keeps on giving.

Dividends? Not in my portfolio...not yet. I know Apple is flush with cash, but I bought it (and sold it and bought it again) not for dividends, but for growth. Same with Netflix. I was looking for breakneck growth, and got it. (Yes, I know Apple paid a small dividend last year, and is scheduled to pay again, but as small a it is, it's not worth mentioning)

[MikeAurelius]

All caused by Obama the Socialist. Damn him! /sarc

[fjpod]

All caused by Obama the Socialist. Damn him! /sarc

I was about to say the same thing...you trouble maker, you.

But seriously...I am 58 years old. In my lifetime, I can never remember people or politicians saying, or the news media saying, "hey, we are in flush times. The economy is good. We all have two chickens in every pot." Economic news is always reported as dire, falling off the cliff, on the edge of disaster, shut down the government and the hospitals, etc.

after 58 years, I am still waiting for somebody to report that we are in relatively good times, or even just OK times. Oh, sometimes they will report that in the past we had relatively good times, but no one ever reports that we currently are in or entring a period of economic bliss.

Yet the Dow is at an all time high, which recovered from one of the worst lows since the crash of '29, and all undr Obama....well the crash in '08 happened after 8 years of Bush.

but if you listen to the capitalists, a flourishing stock market is supposed to be good for everybody. Is it??? Although my politics tends to be a little left of center...I suppose it is, but one has to be educated and ready to take advantage of what the current economic situation has to offer...and I don't mean just buying stocks.

Ok...stepping down from my soap box.

[Johns]

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But seriously...I am 58 years old. In my lifetime, I can never remember people or politicians saying, or the news media saying, "hey, we are in flush times. The economy is good. We all have two chickens in every pot." Economic news is always reported as dire, falling off the cliff, on the edge of disaster, shut down the government and the hospitals, etc.

after 58 years, I am still waiting for somebody to report that we are in relatively good times, or even just OK times. Oh, sometimes they will report that in the past we had relatively good times, but no one ever reports that we currently are in or entring a period of economic bliss.
.

If you read the papers in the 90's, they were reporting that we were in a robust economy. Of course, much of it was propped up by bad loans, but there was no mistaking that things were good, and most of us knew it.

The big number in the stock market is no indication of how good the economy is. Ground beef is almost $5 a pound, milk is more than $3 a gallon, and nobody is even talking about the price of gas. These are good times?

[Randle Tibbs, ABOM]

Let's not forget that one reason the market is soaring is because the Fed is printing money with nothing to back it and pouring it into the economy

[MikeAurelius]

Let's not forget that one reason the market is soaring is because the Fed is printing money with nothing to back it and pouring it into the economy

Actually, a better reason is because of the sequester.