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Originally Posted by Texpat  Quote:
Originally Posted by Butterfly we will hit bottom when the Dow starts trading at 6,000 not 12,000. | Ended the week at 12,892. Going the wrong direction, eh Butterfly?
And to think I redeemed all my shares based on your prediction.   |
I hope you are joking, but basing your investment timing on the DOW is not very smart. First you have to understand that thee DOW30 is one of the worst index out there, it's very biased, that's why it never seems to go down, they remove losers from the Index and replace them with momentum stocks. I am sure if we had to go back 4 years and keep the same stocks in the DOW, the index would be around 8,000 now, not 12,000
For your information, NASDAQ index is still 50% down from 2000, and hasn't recovered yet, even after nearly 10 years. It will probably take 15 years to recover now.