DOW 11,000

Rod

Well-known member
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The DOW hasn't seen 11,000 since 9/11. Will it break through today??? As of this writing, we are but only 20 points away.

If it does break through, it may boost investor confidence.

What do you think?

God Bless:^
 
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Rod wrote:
The DOW hasn't seen 11,000 since 9/11. Will it break through today??? As of this writing, we are but only 20 points away.

If it does break through, it may boost investor confidence.

What do you think?

God Bless:^
I agree Rod. Even if the experienced investor wants to bail with some profits. Many more investors may get excited and continue to dive inbelieving that they are about to miss out on the bull ride. Listen to the talk in the work place and on TV. Everyone is now talking up the new Bull market. Don't forget the contrarian view. ;)
 
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This talk of smart money/dumb money is superfluous, to me. There is only money. It is the investor that is smart/dumb. If money flows into the market, prices will rise. If there is a net outflow, prices will fall. Is this too simplistic on my part?

Dave
 
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Dave M wrote:
This talk of smart money/dumb money is superfluous, to me. There is only money. It is the investor that is smart/dumb.
According what I read at http://www.investionary.com/stock-market-terms-d.htm

"Smart money is that invested by experienced investors."

I don't see a listing under `dumb money' ... however ... the logical thing would be the opposite...

I guess the stockmarket analyzers in the mediafind it easier to write `smart money' instead of "experienced investors." I tend to feel there is fine line difference between `smart & dumb investors' and `experienced & inexperienced' investors.


 
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Dave M wrote:
This talk of smart money/dumb money is superfluous, to me. There is only money. It is the investor that is smart/dumb. If money flows into the market, prices will rise. If there is a net outflow, prices will fall. Is this too simplistic on my part?
We are more concerned about future action rather than that day's action. If more money comes into the markettomorrow than goes out, then yesthe market would likely go up. But if it's 100 government employees, plumbers and waiters buying shares of XYZ from a hedge fund manager who is selling, I don't think I'd want to own that stock for very long. As grandma said, "dumb money" is just a crude way of saying less sophisticated investors.
 
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