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Ayoob_Reloaded
Heavy Crude
Joined: Dec 07, 2004
Posts: 383
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 Posted: Sun Jun 05, 2005 10:44 am Post subject: DJIA still below its peak from seven years ago |
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| Remember, folks, the stock market doesn't always return 7-12% every year. If that was always the case, we'd be at 18,800 or so right now and our investment dollars would have doubled. Instead, we're about where we were in 1998 and inflation has ripped the value of that money almost in half during that time. |
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RiverRat
Heavy Crude
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Joined: Mar 16, 2005
Posts: 210
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| Posted: Mon Jun 06, 2005 8:56 am Post subject: |
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How about this HIGH FLYIN' Nasdaq poster child of excess
JDS Uniphase
2000 - $138.00 (one hundred thirty eight dollars)
2005 - $1.60 (one dollar and sixty cents)
watch out below !!!
_________________
If ...'If's' and 'But's' ... were Candy and Nuts ... we would all be happy and fat ! |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4230
Location: Southwest WI
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| Posted: Mon Jun 06, 2005 9:01 am Post subject: |
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| good reminder...glad i never bought into the hype...or any hype for that matter...:0 |
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pstarr
Expert
Joined: Sep 27, 2004
Posts: 7063
Location: Behind the Redwood Curtain
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| Posted: Mon Jun 06, 2005 9:20 am Post subject: |
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same thing now. houses.
pete
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ubercrap
Heavy Crude
Joined: Apr 27, 2005
Posts: 318
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| Posted: Mon Jun 06, 2005 9:28 am Post subject: |
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| pstarr wrote: | same thing now. houses.
pete |
Some overvalued by about 100x? That sounds about right in line with the stock value drop mentioned above... |
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MD
Community Manager
Joined: May 02, 2005
Posts: 3249
Location: One more question...
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| Posted: Mon Jun 06, 2005 9:30 am Post subject: |
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Oh but wait. In time it will be fine, just fine. 
_________________
"Don't ever become a pessimist... a pessimist is correct oftener than an optimist, but an optimist has more fun, and neither can stop the march of events."
Robert A. Heinlein
md@peakoil.com |
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aahala
Intermediate Crude
Joined: Feb 03, 2005
Posts: 954
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| Posted: Mon Jun 06, 2005 9:57 am Post subject: |
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Disclaimer - past performance is no guarantee of future results, yada,
yada, yada.
The DJIA peaked in 1930 and in a little over 2 years dropped nearly
90%. The average first returned to the 1930 peak about 1954. |
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RiverRat
Heavy Crude
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Joined: Mar 16, 2005
Posts: 210
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| Posted: Mon Jun 06, 2005 10:12 am Post subject: |
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| frankthetank wrote: | | good reminder...glad i never bought into the hype...or any hype for that matter...:0 |
Unfortunately, I got slaughtered like the ceremonial PIG …
My 401k lost about 65% of its value during the ‘internet bubble’. It was my own young stupidity (along with all the talking heads pumping the sh*t until the very end).
I learned a valuable lesson during that time … learn all you can and have some critical thinking.
_________________
If ...'If's' and 'But's' ... were Candy and Nuts ... we would all be happy and fat ! |
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