12-13-2006, 07:47 PM
The market is not at its high. I am so sick of people saying that.
The DOW is at its high, not "the market". "The market" is the S&P 500. The high for the S&P500 was somewhere around 1,530; it's at 1,410 right now.
And even if the S&P were at 1,531, I'd still hesitate to say that's "the high", since you have to index (conservatively) for inflation of 3% or (aggressively) for normal RoR of the market of between 8%-10%.
so that's the liberal answer.
The conservative answer is that "the market" was crashing well before Clinton left office (March '00), so to make it seem like The market was booming when Clinton was in office and has shit the bed since Bush has been in office is complete bullshit.
The DOW is at its high, not "the market". "The market" is the S&P 500. The high for the S&P500 was somewhere around 1,530; it's at 1,410 right now.
And even if the S&P were at 1,531, I'd still hesitate to say that's "the high", since you have to index (conservatively) for inflation of 3% or (aggressively) for normal RoR of the market of between 8%-10%.
so that's the liberal answer.
The conservative answer is that "the market" was crashing well before Clinton left office (March '00), so to make it seem like The market was booming when Clinton was in office and has shit the bed since Bush has been in office is complete bullshit.