Comments on: Dow 36,000! http://www.ritholtz.com/blog/2006/09/dow-36000/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 15:05:43 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: New York Real Estate http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25344 New York Real Estate Thu, 22 Feb 2007 19:58:26 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25344 Might be interesting to read the book... I've read all the books by the Motley Fools, and they are really good, highly recommended. I'll have to check this one out. Eric <a href=" http://blog.nationalwiderealestate.com" rel="nofollow">New York Real Estate</a> Might be interesting to read the book… I’ve read all the books by the Motley Fools, and they are really good, highly recommended. I’ll have to check this one out.
Eric
http://blog.nationalwiderealestate.com” rel=”nofollow”>New York Real Estate

]]> By: Kimmunications http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25345 Kimmunications Wed, 11 Oct 2006 14:06:11 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25345 <strong>10-11-2006: Items of interest for the Family CFO</strong> Investing And Retirement In an effort to shore up U.S. workers' retirement savings, the Labor Department has proposed new rules making it easier for companies to automatically enroll employees in 401(k) and other retirement plans. Retirement policy thi... 10-11-2006: Items of interest for the Family CFO

Investing And Retirement In an effort to shore up U.S. workers’ retirement savings, the Labor Department has proposed new rules making it easier for companies to automatically enroll employees in 401(k) and other retirement plans. Retirement policy thi…

]]> By: me http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25343 me Sat, 30 Sep 2006 15:08:47 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25343 Glasman's problem is he shot his credibility with that tome. Who listens to him anymore except CNBC? Glasman’s problem is he shot his credibility with that tome. Who listens to him anymore except CNBC?

]]> By: Mark http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25342 Mark Sat, 30 Sep 2006 10:08:26 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25342 Mr. Perma-Bull says: "Okay, we realize you guys aren't buying off on the Goldilocks scenario and our soft landing theme isn't gaining any traction so we've got a new one for you! The "hard soft landing"! Now can we take the Dow to record highs? Please, pretty please? http://money.cnn.com/2006/09/28/news/economy/bumpy_landing/index.htm Mr. Perma-Bull says: “Okay, we realize you guys aren’t buying off on the Goldilocks scenario and our soft landing theme isn’t gaining any traction so we’ve got a new one for you! The “hard soft landing”! Now can we take the Dow to record highs? Please, pretty please?

http://money.cnn.com/2006/09/28/news/economy/bumpy_landing/index.htm

]]> By: Blissex http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25341 Blissex Sat, 30 Sep 2006 01:48:05 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25341 </blockquote></blockquote>Fixing the wrong closing. Oops. Also, look at these fantastic graphs of house values and debt expansion in the USA in the past few decades, and imagine the S&P compared with the expansion of debt: <b>http://HousingPanic.blogSpot.com/2006/09/we-all-know-how-this-ride-ends-dont-we.html</b> Fascinating coincidences :-). Fixing the wrong closing. Oops.

Also, look at these fantastic graphs of house values and debt expansion in the USA in the past few decades, and imagine the S&P compared with the expansion of debt:

http://HousingPanic.blogSpot.com/2006/09/we-all-know-how-this-ride-ends-dont-we.html

Fascinating coincidences :-) .

]]> By: Blissex http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25340 Blissex Sat, 30 Sep 2006 01:44:00 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25340 <blockquote>«The problem for housing is that prices went up faster than inflation but wages didn't keep up with inflation, and home prices are based on wages (with the exception of bubbles).»</blockquote> Yes and no, it could well be that there has been a permanent transfer of purchasing power from wage earners to asset owners. After all the number of potential wage earners has increased a lot (immigration, globalization) but not as much the number of real estate assets. But I doubt that the <i>whole</i> increase in price will be a straight transfer of purchasing power. <blockquote>«If the so called experts are saying home prices will be flat for 5 years the only explanation would be wage inflation.»<blockquote> That's Bernanke's Choice: shall he apply a harsh Volcker Squeeze to kill the economy and save the dollar, or a nice Greenspan Put to inflate away debt and real interest rates? For now the political situation says the latter.

«The problem for housing is that prices went up faster than inflation but wages didn’t keep up with inflation, and home prices are based on wages (with the exception of bubbles).»

Yes and no, it could well be that there has been a permanent transfer of purchasing power from wage earners to asset owners. After all the number of potential wage earners has increased a lot (immigration, globalization) but not as much the number of real estate assets.

But I doubt that the whole increase in price will be a straight transfer of purchasing power.

«If the so called experts are saying home prices will be flat for 5 years the only explanation would be wage inflation.»

That’s Bernanke’s Choice: shall he apply a harsh Volcker Squeeze to kill the economy and save the dollar, or a nice Greenspan Put to inflate away debt and real interest rates?

For now the political situation says the latter.

]]> By: patski http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25339 patski Sat, 30 Sep 2006 01:02:56 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25339 Look out below..... no, wait, it's opposite contrarian day.... full steam ahead...... Look out below….. no, wait, it’s opposite contrarian day…. full steam ahead……

]]> By: Michael C. http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25338 Michael C. Sat, 30 Sep 2006 00:27:56 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25338 >>>Battapaglia getting cautious in July helped me do some long side trades . . .<<< Freaking Joe B. I missed that indicator. We need to make some kind of Bullwinkle Composite Indicator of Battapaglia, Cramer...who else? >>>Battapaglia getting cautious in July helped me do some long side trades . . .<<<

Freaking Joe B. I missed that indicator.

We need to make some kind of Bullwinkle Composite Indicator of Battapaglia, Cramer…who else?

]]> By: John F. http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25337 John F. Fri, 29 Sep 2006 22:17:44 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25337 Did the Dow really hit 36,000 today? Rats! I knew I shouldn't have gone to the gym this afternoon! Did the Dow really hit 36,000 today? Rats! I knew I shouldn’t have gone to the gym this afternoon!

]]> By: KirkH http://www.ritholtz.com/blog/2006/09/dow-36000/comment-page-1/#comment-25336 KirkH Fri, 29 Sep 2006 21:38:20 +0000 http://thebigpicture.dev.wilder.ca/blog/?p=3358#comment-25336 Glassman may be right. But minium wage will be $120/hour if he is :) The problem for housing is that prices went up faster than inflation but wages didn't keep up with inflation, and home prices are based on wages (with the exception of bubbles). If the so called experts are saying home prices will be flat for 5 years the only explanation would be wage inflation. Glassman may be right. But minium wage will be $120/hour if he is :) The problem for housing is that prices went up faster than inflation but wages didn’t keep up with inflation, and home prices are based on wages (with the exception of bubbles).

If the so called experts are saying home prices will be flat for 5 years the only explanation would be wage inflation.

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