Comments on: Weekly Links: Dow 10,000 (Who Cares?) http://www.moneyunder30.com/weekly-links-10-16-09 Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Hal (GT) http://www.moneyunder30.com/weekly-links-10-16-09/comment-page-1#comment-3296 Hal (GT) Fri, 16 Oct 2009 15:39:33 +0000 http://www.moneyunder30.com/?p=3195#comment-3296 I agree, too. There are a mess of factors that are weighing on the economy and I think the markets are just acting oblivious to them. Ignorance is bliss. Until the education comes. Peter Grandich called this a "Melt up" and it's just a lot of hot air basically. Today's move in the markets seem to be suggesting that. For me the best thing is to get out of all debts and into things that retain wealth. I agree, too. There are a mess of factors that are weighing on the economy and I think the markets are just acting oblivious to them. Ignorance is bliss. Until the education comes.

Peter Grandich called this a “Melt up” and it’s just a lot of hot air basically.

Today’s move in the markets seem to be suggesting that. For me the best thing is to get out of all debts and into things that retain wealth.

]]> By: The Digerati Life http://www.moneyunder30.com/weekly-links-10-16-09/comment-page-1#comment-3293 The Digerati Life Fri, 16 Oct 2009 14:15:34 +0000 http://www.moneyunder30.com/?p=3195#comment-3293 I agree, it is arbitrary. But investors, as a whole, seem to care about it. There must be some fascination with certain milestones because we all want to talk about it anyway, and I notice the market hype when certain things happen -- including when "magic numbers" are hit. It's also possible that it's simply the market's behavior that's getting us all talking: we've reached some kind of peak for the year, and with market action like that, people can't help but buzz. Don't think it'll last too long though! :) Thanks for the mention and the great insights! I agree, it is arbitrary. But investors, as a whole, seem to care about it. There must be some fascination with certain milestones because we all want to talk about it anyway, and I notice the market hype when certain things happen — including when “magic numbers” are hit.

It’s also possible that it’s simply the market’s behavior that’s getting us all talking: we’ve reached some kind of peak for the year, and with market action like that, people can’t help but buzz. Don’t think it’ll last too long though! :)

Thanks for the mention and the great insights!

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