GoFuckYourself.com - Adult Webmaster Forum - View Single Post - They say the economy will turn around by the end of the year

kane · 03-10-2009, 03:59 PM

To me the economy making a recovery and the stock market getting back its losses are two different things. Chances are the stock market was grossly overvalued and it could take year and years to get back to where it was just a few years ago. That said the economy could stem job losses and start creating jobs and turn itself around and the market could still not be back where it once was.

When I hear some experts saying by the end of this year things will start to turn around and improve I don't think it is a crazy idea. But just because that happens doesn't mean that the dow will make it back to 14K any time soon. Maybe it won't for a decade or longer.

The dow hit 500 around 1960. It took until 1996 for the dow to then hit 4,000. It then went from 4,000 to 11,000 in five years and from 11,000 to 14,000 in another 4 years. That is crazy growth and when you look at the history of the dow it is way out of proportion. Maybe it should have never been this high. When it takes 36 years to go up 3,500 points then it only takes another 9 years to go up 10,000 points it seems pretty clear that something is out of whack.

03-10-2009, 03:59 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	To me the economy making a recovery and the stock market getting back its losses are two different things. Chances are the stock market was grossly overvalued and it could take year and years to get back to where it was just a few years ago. That said the economy could stem job losses and start creating jobs and turn itself around and the market could still not be back where it once was. When I hear some experts saying by the end of this year things will start to turn around and improve I don't think it is a crazy idea. But just because that happens doesn't mean that the dow will make it back to 14K any time soon. Maybe it won't for a decade or longer. The dow hit 500 around 1960. It took until 1996 for the dow to then hit 4,000. It then went from 4,000 to 11,000 in five years and from 11,000 to 14,000 in another 4 years. That is crazy growth and when you look at the history of the dow it is way out of proportion. Maybe it should have never been this high. When it takes 36 years to go up 3,500 points then it only takes another 9 years to go up 10,000 points it seems pretty clear that something is out of whack.