Believe it: Dow's best week since 2003! - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 13 (permalink) Old 10-18-2008, 05:08 PM Thread Starter
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
Believe it: Dow's best week since 2003!

Stocks declined Friday but held on to solid gains for the week, as investors wondered how badly the economy is ailing, and when it is going to recover.

The Dow Jones Industrial Average remained volatile Friday, swinging in a 563-point range including big gains and losses. A late-day swoon left the blue-chip measure down 127.04 points at the closing bell, off 1.4%, at 8852.22. Caterpillar was the Dow's weakest component on Friday, off 7.2% following a round of downbeat housing data. The average's financial names all finished lower as well, hurt by lingering worries about the credit crunch. Citigroup was the weakest of that group, off 6.4%.

But for the week, the Dow rose 4.8%, its first such gain since the meltdown of Lehman Brothers Holdings set off a global financial crisis in mid-September. The gain was also the Dow's biggest weekly rise in percentage terms since March 2003...

Today's Markets - WSJ.com

Don't believe everything you think
Jayhawk is offline  
Sponsored Links
Advertisement
 
post #2 of 13 (permalink) Old 10-18-2008, 08:24 PM
BenzWorld Elite
 
elau's Avatar
 
Date registered: Oct 2002
Location: Maryland
Posts: 5,392
Mentioned: 0 Post(s)
Quoted: 4 Post(s)
Pitiful.

'95 R129
'04 G35.5 BS
'10 X204
elau is offline  
post #3 of 13 (permalink) Old 10-18-2008, 09:14 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
An analogy I have used before.

If you have only been getting laid ONCE a YEAR, a change to TWICE is a 100% improvement. It still means you are only getting laid TWICE A YEAR.

In other words, when crawling out of a shit hole, celebrating that you are "just" covered in shit is not all that great.

And for the math impaired, the smaller the DOW, the bigger the percentage numbers actually look, though they aren't that big.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #4 of 13 (permalink) Old 10-18-2008, 09:19 PM
~BANNED~
 
Date registered: Aug 2002
Posts: 41,649
Mentioned: 6 Post(s)
Quoted: 1761 Post(s)
I give Jayhawk the award for most consistent human ever. Wow.
Shane is offline  
post #5 of 13 (permalink) Old 10-18-2008, 10:03 PM
DP
Moderator
 
DP's Avatar
 
Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Posts: 64,125
Mentioned: 2 Post(s)
Quoted: 991 Post(s)
Lifetime Premium Member
Actually I am with jay on this one, the bottom has been reached and I hope I am not wrong. Have faith!
DP is offline  
post #6 of 13 (permalink) Old 10-18-2008, 10:07 PM
~BANNED~
 
Date registered: Aug 2002
Posts: 41,649
Mentioned: 6 Post(s)
Quoted: 1761 Post(s)
Quote:
Originally Posted by drewprof View Post
Actually I am with jay on this one, the bottom has been reached and I hope I am not wrong. Have faith!

You are young and presumably in it for the long haul so you should be correct.
Shane is offline  
post #7 of 13 (permalink) Old 10-18-2008, 10:30 PM
DP
Moderator
 
DP's Avatar
 
Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Posts: 64,125
Mentioned: 2 Post(s)
Quoted: 991 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by Shane View Post
You are young and presumably in it for the long haul so you should be correct.
young is relative but opportunities are there if you care to look. Some days we lose some and some others we gain some, just stay the course and take some risks, when we are dead no one else will take them for us.
DP is offline  
post #8 of 13 (permalink) Old 10-18-2008, 10:52 PM
BenzWorld Elite
 
daisound's Avatar
 
Date registered: May 2008
Vehicle: W210.265/2001, W220/S500/2000, Porsche 997 C2S/2006, GMC K1500/1992
Location: DFW, TX
Posts: 2,147
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Drew & Jay is bull and shane & mcbear is bear, but hopefully none of you is pig. Mad money-Jim Crammer said Bull & Bear make money but pig get slaughter. However, I am on the side of Drew, this is the intermediate bottom. The gap from 10K to 8300 has not been filled. Some time next week if one major DOW component make a good earning report in Q3, Dow will goes back to 10K. Then Shane and mcbear should start selling again.

500SEC 1984 retired at 192K
Porsche 928S GT 1984 (euro) retired at 243K
daisound is offline  
post #9 of 13 (permalink) Old 10-19-2008, 09:12 AM Thread Starter
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
Quote:
Originally Posted by Shane View Post
I give Jayhawk the award for most consistent human ever. Wow.
Consistency is good...

Don't believe everything you think
Jayhawk is offline  
post #10 of 13 (permalink) Old 10-19-2008, 09:14 AM
~BANNED~
 
Jakarta Expat's Avatar
 
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by Jayhawk View Post
Consistency is good...

Yeah but being correct at least once out of the last 2 1/2 yrs that you have been told the economy was going to shit and that the economy had a problem would have been nice as well but hey 1 or 2 is good..............
Jakarta Expat is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    2003/04 S55 vs 2003/04 E55 vs 2000 BMW 740IL Handling acung W220 S-Class 7 08-19-2004 12:52 PM
    2003 E55 vs. 2003 Modified Cobra SVT alumar W210 E50 AMG, E55 AMG 4 11-09-2003 03:29 AM
    2003 G500 vs 2003 smaller 3 door ron G-Class 4 07-14-2002 11:37 PM
    I took the plunge. Bought a silver/charcol 320 last week. Awaiting delivery. This week. blau R170 SLK-Class 7 04-03-2002 09:41 AM
    Anybody know when 2003 model year starts? 2003 MY Changes? Guest (MBNZ) W203 C-Class 4 11-12-2001 08:42 AM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome