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Old 12-07-2018, 12:34 PM
Boomer Boomer is offline
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I think the pre-crisis DJIA high was in October of 2007.

The big fall was in 2008.

This bull market is usually measured from March 2009.

As the market led up to the fiasco of 2008, I remember thinking that the housing boom was a house of cards. It got downright stupid.

(And then everybody in high places seemed so surprised. I have never understood how some old high school teacher in the Midwest could see it coming but they did not.)

I am not claiming to be some kind of savant or to have any qualifications whatsoever. But for what it is worth, I think our long bull market, post-corporate tax cuts, has been basically a bull$#*% market.

I have a long held comfort zone with making my own market decisions. But I strongly believe that unrestrained greed is not good for the economy.

Back to the thoughts on stock buybacks: I still don't like 'em.

And I sure don't see this current market offering me any buying opportunities. (euphemistically speaking)

Anybody else keeping an eye on the old bull? Thoughts?

Last edited by Boomer; 12-10-2018 at 11:50 AM. Reason: typos