Friday, September 15, 2006

Whee ( ! ! )

The Dow Jones Industrial keeps moving up, close to it's all-time high (albeit not adjusted for the CPI.)

I think it's headed higher and higher.

That would be nice.

More than half of all American now own equities, or bonds, through 401-Ks etc.

That's good for them and good for

Ben

3 Comments:

Anonymous Anonymous said...

I am enjoying your musings very much, Mr. Wattenberg, and the insights into your stream of consciousness...Keep on keepin' on...A fan

September 15, 2006  
Anonymous Anonymous said...

I am enjoying your musings very much, Mr. Wattenberg, and the insights into your stream of consciousness...Keep on keepin' on...A fan

September 15, 2006  
Anonymous tom lloyd said...

Your progam on PBS is one of the best "think" programs on the air. Instead of learning from you, CBS has created "news-lite" with Katy. I am waiting for the lead story to be human interest and that is probably when they pull her off the air and bring in someone like you.

Anyway we don't want you to fall into the category of the Bull appearing on Time's cover, a sure sign the market is about to crash. Even with the DJIA doing well, the Nasdaq is in a bear market and could very well be leading the Dow and the S&P500 down. We are at a tricky juncture this Oct. It is always best to be a contrarian when it comes to the market. "Buy low, sell high." Or "Buy when the blood is running in the Street." At least wait until after October to see how much blood is running! Of course with a 401k you don't have much choice. That cushions the downturns because the money keeps pouring into the market, even in a Bear market. Not like the old days when people went to cash in a Bear market.

September 18, 2006  

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