DOW sets New Record

Comments: 11

Mike O. Oct 3, 2006, 1:49pm EDT

Why did you have to insult Bush? He had more to do with it reaching new highs than most people realize. As for your little "Zero growth" comment, I would look to congress before looking to Bush, once they repeal the tax breaks that have helped this great move, it will drop, and drop hard. As a trader, I look to get short the market if the Dems win either house. They will only try to impeach Bush and take more from the hard working members of this country.

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Brian L. Oct 3, 2006, 2:18pm EDT

Mike O.

Good idea about going short - if the Dems get in power they've guaranteed the tax cuts will be gone. Why anyone would want this, or be cheering this, is beyond me... I think some people just want to give up more of their income. But then, that's what socialism is about. Of course if they just looked at tax intakes they'd realize the cuts have given them even more money to spend... but that would be looking at reality. As for the Bush comment... libs can't say anything without bashing Bush. It's just part of their DNA.

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Porgie T. Oct 3, 2006, 2:32pm EDT

RoadKing....Actually, I own a sizable amount of stock....sizable meaning more than $500,000 and less than one million.

Doing well is relative...we took a SOAKING for a good 2.5 years before the market started recouping its losses.

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Porgie T. Oct 3, 2006, 2:44pm EDT

RoadKing....those who have money, have FAR MORE than I do. Those who have money, do not have the government limiting how they can access and invest the money they have in their 401's and IRA's. Example...right now, with real estates prices way down, I could buy six rental properties out right, and been earning far more on my investment than I am currently earning on my investments...unfortunately the rules will not allow me to make such a roll over of my money. The early withdraw penalties and tax hit would kill me.

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Bret W. Oct 3, 2006, 3:27pm EDT

Porgie -

Who the hell is your investment counsellor? Ever since a few months after 9/11, this market has been on a tear! It has been almost impossible to lose money, especially in the last 2 years. Just choose a stock - any stock..........LOL.

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Porgie T. Oct 3, 2006, 3:30pm EDT

Bret...last two years....as in say middle of 2004-2006 I am doing fine. However, if I look over all at my investments, factoring in the losses for 2001-2004, the over all gain is not that impressive.

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Barbara B. Oct 3, 2006, 3:45pm EDT

Porgie, you can withdraw a portion of your 401K if you do some paperwork. Check with a financial planner and learn how. I heard of someone we know doing this and it's all quite legal.

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Barbara B. Oct 3, 2006, 3:47pm EDT

Oh, also, you can reap a savings on income tax with the savings you put into your IRA's. The government will reward savers, actually. But, then, it might be the dreaded Republicans that have put that little deal into our tax laws. Dems will take it away since we won't be able to affford to put any into our IRA's after they re-do the tax codes.

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Bret W. Oct 3, 2006, 4:03pm EDT

Porgie -

2001 to 2003 was a short-sell time period. That was where all the real money was to be made. The tech-bubble burst was just the start, then 9/11..........and after 2003 it was an excellent time to pick up bargains.

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CARMELLA X. Oct 6, 2006, 7:52am EDT

bravo on bringing this to the attention of our nation

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DOW sets New Record

Comments: 11

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