Talk of The Villages Florida - View Single Post - Anyone else preparing for a big selloff?
View Single Post
 
Old 12-18-2024, 01:55 PM
Boomer Boomer is offline
Soaring Parsley
Join Date: Nov 2007
Posts: 5,426
Thanks: 172
Thanked 2,433 Times in 843 Posts
Default

Quote:
Originally Posted by ithos View Post
I understand your criticism. I didn't elaborate since everyone one knows that the overall markets are near record highs.

Growing up the Dow Jones was the primary benchmark but it has long since lost its role as a barometer of stock markets. Today it is a poor reflection of the health of the overall market especially since it is price weighted. But is does show that the rising tide hasn't lifted all boats.

Thank you for your feedback.

These Are the 5 Worst-Performing Stocks in the Dow Jones Industrial Average With 2024 Almost Over | The Motley Fool


Yes. Sometimes I wish for the days when all investors could do was maybe squint at the print once a day in the newspaper and watch a crawl across the bottom of the local television news that showed only local stocks.

Then came cable and me. I would flip on Bloomberg when I got home and revel in the wonders of my dot.com days. Fortunately, even though I was young and dumb then, at least I was not dumb enough to bet the whole farm — just the butter and egg money……..I got burned, but I learned. Made me into a boring investor with a few rules:

1. Know Myself
2. Know What I Own and Why
3. Maintain a Moat of Cash

Btw, you are absolutely right. That rising tide has definitely not lifted all boats. My personal “Tide” has been doing fine but is taking a bit of a hit the past few days. I have watched that stock bubble around within 5 dollar ranges for years. It’s doing it right now. Been testing its recent bottom again. I don’t worry about it. Price goes up. Price goes down. But gives me a raise every May. (Told you I am boring. )

Thanks for that Motley Fool article. Interesting but not surprising. I think I would still let those 5 Dogs of the Dow lie. (Motley Fool keeps it short and simple and is basically kind of entertaining. Not panic inducing or mind-numbingly esoteric or bogged down in useless formulas. Quick reads I like.)

Boomer
__________________
Pogo was right.

Last edited by Boomer; 12-18-2024 at 02:02 PM.