10k on Tuesday October 20th, 1987 worth $133,000 today.

[balda]

in 1994 I paid $0.95 per gallon.
in 2008 I pay $3.50 per gallon.

in 1994 spend about $600 per month on food
in 2008 spend about $2000 per month.

In Sherman Oaks (Los Angeles) area you could rent 2 bed apartment for about $800 today $2000

 

[der_kommissar]

Quote from storm121:

hey.

show me one time when the US stock market gapped down by 5% or more and that didnt start a long term bull market.

show me.

enough said.

enough said, come again?

Let me guess, you're another dipshit who thinks the world began in 1982.

 

[der_kommissar]

Quote from Daal:

what about 1929, took a few decades to make your money back in real terms. I dont think stock_trader is willing to wait that long

We've had 25 years of near constant asset inflation (in one form or another). That's a generations worth of "conditioning". You'd be hard pressed to find a significant percentage of people under the age of say 50 who don't believe in this same drivel that Blackguard is spewing.

Then again, hardly anyone remembers the 1970's either.

 

[Businessman]

Quote from S2007S:

As the weak housing market and a credit crunch unsettle today's stock market, it's worth looking at the real costs of Black Monday. Consider this: If you had a strong stomach and invested $10,000 on the Tuesday after Black Monday in 1987, you'd have roughly $133,000 today. Yet even if you had terrible timing and invested $10,000 on the Friday before Black Monday, your investment would still have grown to $98,000.

How do you calculate this?

The S&P is up 6 fold since the bottom of the crash.

Thats 10k to 60K. The dividend yield on the S&P over the last 20 years has averaged about 2%?? Cant see the divis making the difference upto to 133K.

 

[Pekelo]

Quote from Businessman:

How do you calculate this?

By multiplying the results by 2, so it would look better.

If we take Balda's post of inflation being 300% since then and the stockmarket up 600% it is much less impressive immediatelly...

 

[bgp]

thats nice , but now just ride it back down.

bgp

 

[storm121]

Quote from Daal:

what about 1929, took a few decades to make your money back in real terms. I dont think stock_trader is willing to wait that long

comparing 1929 to 2008 is like comparing apples to oranges.

computers were not around in 1929
cp's were not around
the internet was unheard of
quants were unheard of
black box trading models were unheard of
etc........

so,

let me as my question again.

when has a US market gapped down 5% or more and not started a long term bull rally?THIS IS A MAJOR BUYING OPPORTUNITY.

enough said.

blackguard

 

[Trendytrader]

True. But has human greed & fear physcology changed between 1929 and 2008?

 

[Cxinvest]

Quote from storm121:

comparing 1929 to 2008 is like comparing apples to oranges.

computers were not around in 1929
cp's were not around
the internet was unheard of
quants were unheard of
black box trading models were unheard of
etc........

so,

let me as my question again.

when has a US market gapped down 5% or more and not started a long term bull rally?THIS IS A MAJOR BUYING OPPORTUNITY.

enough said.

blackguard

So buy it up and lose your ass. I'm sure there are plenty of shorts that would love to spend your savings on cars and gold chains.

~Cx