Economic Derpression of 2001

[ceo]

The old Wall Street adage says: Don't fight the Fed - when the Fed raises interest rates, the market eventually pulls back; when the Fed lowers interest rates, the market eventually advances.

There is typically lag time between when the Federal Discount Rate drops and when the market begins a noticeable and significant advance.

90% of stock market gains since 1950 have occurred while the Fed is easing interest rates.*

*Source: Wall Street Journal

 

[ceo]

To sum all this up:

It's a great time to be in the market (buying). If your local Macy's, Nordstrom, Sak's, whatever is having a "BLOWOUT SALE OF THE DECADE," and "EVERYTHING IS AT LEAST 50% OFF!", what do you do?
Do you hide in your house and say "we'd better not go near that mall!"
No way! You go to the store and get some stuff! You buy all you can! This is the same deal.
Just choose wisely, and get professional help.

Most people who have been investing in the market for a while (say 10+ years), say their biggest regrets were: they didn't start sooner; they didn't put away more; and they didn't seek professional help sooner.

One last thing: READ: THE ROARING 2000'S by, Harry S. Dent Jr.
This is the guy that predicted in 1988 (when the Dow was around 2300 points), that by the year 2000 the Dow would reach 10,000 points. Everybody laughed then. But, 12 years later he proved himself and now they're listening to him.

 

[Hoffmeister]

Damn!

Glad to see the Y2k Doomers have found a new calling. Maybe they can sell off some of those MREs.

Heck, all we need now is Scary Gary North and we'll be all set.

 

[ciscokid1]

Ryan H no matter who is in office this was bound to happen it is called the bursting of the bubble stocks could go no higher strictly based on speculation, and projected earnings for years down the road. And as someone pointed out stocks were slidding big time when George W. took over.

 

[RyanH]

Sure....there's no coorelation to Bush being in office:

Unemployment has now hit a 9 year high.

Social Security Funds must now be tapped.

The surplus has been squandered.

The Stock Market has taken a huge hit.

All of this just so happened after G.W. took office. We all know that Republicans are bad for the economy....see the Reagan era, both Bush eras....

 

[Shrebly]

I guess no one bothered to read the last line of my post.... this was an article posted in the Weekly World News.

 

[crashnet]

Once again Ryan needs to check his facts.


1. The stock market started tanking in March of 2000. It was down 40% by the time Clinton left office.

2. The manufacturing sector lost jobs every month for the last 8 months of Clinton's presidency.


Its obvious that Clinton left Bush a mess. The American people understand that Bush is fixing it and that's why his poll numbers are so high.

 

[ciscokid1]

Ryan, I think I hate you! I disagree with you on 99.9% of views.