Comments on: Does the 1970’s Dow 1000 = 2000’s SPX 1000 ? http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 19:59:24 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Eclectic http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124871 Eclectic Fri, 07 Nov 2008 07:55:48 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124871 "I wonder if SPX 1,000 will become the modern equivalent of the 1970s Dow 1,000 . . ." -- If so, dividends will provide the major component of investment return for some extended period. “I wonder if SPX 1,000 will become the modern equivalent of the 1970s Dow 1,000 . . .”
–

If so, dividends will provide the major component of investment return for some extended period.

]]> By: DP http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124864 DP Fri, 07 Nov 2008 04:45:51 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124864 At what point is everyone so contrarian that being contrarian actually becomes a meaningless double negative? Just asking... At what point is everyone so contrarian that being contrarian actually becomes a meaningless double negative? Just asking…

]]> By: DL http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124861 DL Fri, 07 Nov 2008 04:27:45 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124861 I’m hoping for a bounce tomorrow. It’ll be an opportunity to short something. I’m hoping for a bounce tomorrow. It’ll be an opportunity to short something.

]]> By: Myr http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124844 Myr Fri, 07 Nov 2008 01:46:22 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124844 Good post ohemingway. The market has behaved in ways that have to leave you disturbed because it looks much more like the Great Depression than any other moment in our history. Current notions of "oversold," "overly negative sentiment," and "cheap" need to be radically altered. Good post ohemingway. The market has behaved in ways that have to leave you disturbed because it looks much more like the Great Depression than any other moment in our history. Current notions of “oversold,” “overly negative sentiment,” and “cheap” need to be radically altered.

]]> By: mitchn http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124842 mitchn Fri, 07 Nov 2008 01:17:10 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124842 About time to send a little "huzzah" to Steve Barry, don't you think? About time to send a little “huzzah” to Steve Barry, don’t you think?

]]> By: Steve Barry http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124841 Steve Barry Fri, 07 Nov 2008 01:15:31 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124841 I see NO reason to be long here...many reasons to stay out or stay short. 1) <a href="http://www.nasdaq.com/aspxcontent/shortinterests.aspx?mode=&page=&symbol=QQQQ&symbol=GOOG&symbol=AAPL&symbol=RIMM&symbol=EBAY&symbol=AMZN&symbol=YHOO&symbol=MSFT&symbol=INTC&symbol=CSCO&symbol=ORCL&symbol=DELL&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=QQQQ&FormType=&kind=shortint&Leap=&mkttype=&sel=short&userinput=" rel="nofollow">Short interest is non-existent</a> 2) Bloggers at historic level of bullishness http://tickersense.typepad.com/ticker_sense/ 3) Put/call 10 day MA very tame http://stockcharts.com/h-sc/ui?s=$CPC&p=D&yr=1&mn=0&dy=0&id=p11854858723 4)AAII back to being bullish http://online.barrons.com/public/page/9_0210-investorsentimentreadings.html 5) II survey has had sharp rebound in bullishness http://www.investorsintelligence.com/x/free_chart.html?r=101# 6) Economy has hit a brick wall...dollar rallying, killing the outlook of companies such as Cisco, Costco, Qualcomm, etc. 7) PPT out of play until Obama takes office and turns it back on. I see NO reason to be long here…many reasons to stay out or stay short.

1) Short interest is non-existent

2) Bloggers at historic level of bullishness
http://tickersense.typepad.com/ticker_sense/

3) Put/call 10 day MA very tame
http://stockcharts.com/h-sc/ui?s=$CPC&p=D&yr=1&mn=0&dy=0&id=p11854858723

4)AAII back to being bullish
http://online.barrons.com/public/page/9_0210-investorsentimentreadings.html

5) II survey has had sharp rebound in bullishness

http://www.investorsintelligence.com/x/free_chart.html?r=101#

6) Economy has hit a brick wall…dollar rallying, killing the outlook of companies such as Cisco, Costco, Qualcomm, etc.

7) PPT out of play until Obama takes office and turns it back on.

]]> By: ohemingway http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124840 ohemingway Fri, 07 Nov 2008 01:02:21 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124840 Birinyi Associates via Minyanville “We believe the markets are in uncharted territory with developments and characteristics that are unique in our experience and we can only guess at what might transpire over the next several months. Frankly we don’t know. History provides no clues and anyone who claims to have some insight or strategy cannot do so on the basis of fact and historical evidence.” Birinyi Associates via Minyanville

“We believe the markets are in uncharted territory with developments and characteristics that are unique in our experience and we can only guess at what might transpire over the next several months. Frankly we don’t know. History provides no clues and anyone who claims to have some insight or strategy cannot do so on the basis of fact and historical evidence.”

]]> By: krbecarson http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124834 krbecarson Fri, 07 Nov 2008 00:10:08 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124834 Scholes's Platinum Grove Fund Halts Withdrawals After Losses LOL http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQVwbD5Hfxw&refer=home# Scholes’s Platinum Grove Fund Halts Withdrawals After Losses

LOL
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQVwbD5Hfxw&refer=home#

]]> By: Owner Earnings http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124832 Owner Earnings Thu, 06 Nov 2008 23:52:01 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124832 Everything is going down, especially the people that don't have jobs. Everything is going down, especially the people that don’t have jobs.

]]> By: Mike in Nola http://www.ritholtz.com/blog/2008/11/1970s-dow-1000/comment-page-1/#comment-124829 Mike in Nola Thu, 06 Nov 2008 22:57:59 +0000 http://www.ritholtz.com/blog/?p=8312#comment-124829 Barry, why didn't you tell me this two days ago? :) Barry, why didn’t you tell me this two days ago? :)

]]>