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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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20 comments:
oh man we may get to your 'trading restrictions are in effect' prediction this week - or even today!
Kinda silly to post a 1 day trading price of the NADAQ - a 45 drop is still only about 2%. Better would be a 5 or 10 year chart (but that would show pretty good overall gains...)
MEW
we're down from 2329 on may 1st to 2210 today - nice 119 point nasdaq drop, or 5% for the month of may - erasing all gains for the year
ugly
sell in may and go away like never before
i think a big crash is around the corner. this death by 1000 cuts is solved by the sell button, unlike housing which will take years to crash to its bottom
"Actually, a 5 year chart would show you have made nothing in the last 5 years. Adjusted for inflation you lost a bundle. Going back 10 years you would have made something but inflation would erase your gains. Six years ago the NASDAQ was double what it is today. Where are your "good overall gains", I can't seem to find them in any chart? "
The stock market has an historic rate of return (since 1929) of about 11% per year.
I sold most of my stocks right before things started to go bad a few weeks ago. Then, on Friday, I sold much of what I had left. Whew!!!
I thought about selling Friday. I sure should have!
what month or year will it be safe to get back in - the stock market and the housing market?
2009?
That chart is beautiful.
gold looking a bit ugly huh? or as you say eh? Cheers!
What a great site, how do you build such a cool site, its excellent.
»
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Take a look at Wallstreetwinnersonline.com
RickJ
Informative blog. Thanks.
Regards,
Stock Trader
trading tip
SPOT ON!! - I was searching blogspots on Google and discovered yours. Nice read keep up the fine work.
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»
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