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When will the DOW hit 15,000?

Name: Anonymous 2008-03-04 22:46

I'm betting on NEVER.  14,000-something will be the all-time high.  Our grandchildren (if we ever survive long enough to have them) will learn know of this number and its significant association with the peak of capitalist American society.  They won't learn of the aftermath soon after the DOW retreated from 14,000 but will be told none of it was pretty in the coming years.

Name: RedCream 2008-03-09 16:49

>>43
You can produce a child equally well in a house, a condo, or an apartment.  Since all domiciles are "producers" in that fashion, it's a CONSTANT and therefore doesn't apply to this discussion.

In huge contrast, I'm talking about a CAPITAL ASSET THAT PRODUCES A FINANCIAL INCOME.  Houses can only do that by being rented*.  And what are the rental rates in these bubble zones in comparison to the mortgage+insurance+HOA and other so-called ownership payments?  Oh, yeah:  AT MOST 50%.  That just means that those homeDEBTors are actually subsidizing rentals.  That's a GREAT DEAL ... for the renter, that is.

When will you learn that you have frankly wrong biases based upon bank programming?  Keep being a bankslave if you want, but you should also prepare to be PWNT with some regularity when you dare to vocalize your programmed stupidity.

* Note well that houses can also be converted into prisons for White slaves, or into growhouses for marijuana.  I'm sure those fit right into your worldview, you despicable wad of festering goat pus!

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