Quote:
Originally Posted by reckless
Needless to say, we've been overwhelmed beyond boredom about Bitcoin, etc. these past many months, especially when that price started racing towards $20,000.
But, one week ago January 7, 2018, the Dow Jones Industrial Averages hit 25,000 ... and just this morning, only one week later, the Dow has crossed 26,000!!
Yet, very little commentary on here about the stock market, especially the Dow ... not just in recent months but since... let's say 11-2-16, 8,000 + points ago! Yet, very little commentary on here about the stock market, especially the Dow ... not just in recent months but since... let's say 11-2-16, 8,000 + points ago!
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It’s not just very little commentary. What little commentary there has been is largely about how overvalued the market has gotten. Not just since 11-2-2016 (or 11-8-2016) though. It’s been true throughout the rally which started in March 2009.
You can own part of a company that generates a profit and shares it with you or you can spend time watching one minute ticks and trying to guess which direction the next one moves. I can’t imagine putting that much effort into something when there is such an easy alternative for generating capital gains and income.
Of course, you might not want to own a portion of the greatest capitalist economy in the world. You could always buy some shiny rocks instead. Plenty of people have made that choice despite the fact those rocks have consistently lost value vs. equities on any long term horizon.
There is just no accounting (I mean that literally) for the choices many make with their money.
