If you invested in the DOW on Obama's first inaguration day whats your return?

The DJIA is up about 94% since Obama's inauguration. I guess it all depends on whether your portfolio was invested in instruments that mirrored that average.
 
maineman said:
The DJIA is up about 94% since Obama's inauguration. I guess it all depends on whether your portfolio was invested in instruments that mirrored that average.
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Thank you... I have a friend/family member who pulled just over One Million dollars out of the DOW on the day of Obama's inauguration. He was sure our nation was not going exist within 4 years. Now he is sitting on CASH worth just over a Million Dollars. He is sure that we are about to face the second crash any day now due to the debt. He thinks I am crazy for not selling my house and buying a years worth of freeze dried food to bury in the back yard.
 
Jarod said:
Thank you... I have a friend/family member who pulled just over One Million dollars out of the DOW on the day of Obama's inauguration. He was sure our nation was not going exist within 4 years. Now he is sitting on CASH worth just over a Million Dollars. He is sure that we are about to face the second crash any day now due to the debt. He thinks I am crazy for not selling my house and buying a years worth of freeze dried food to bury in the back yard.
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not a blood relative I hope... or I'd start questioning your inbred intelligence. ;)
 
What do you think is going to happen to the market when they stop QE? Do you think the private sector is well enough to sustain 15-16K? It is my OPINION that it is not. I don't invest though, and I don't follow this stuff very closely.
 
callinectes said:
What do you think is going to happen to the market when they stop QE? Do you think the private sector is well enough to sustain 15-16K? It is my OPINION that it is not. I don't invest though, and I don't follow this stuff very closely.
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I dont think they will stop QE until the private sector can handle it, but he agrees with you, that's why he is keeping his assets liquid. I bet he looses the opportunity to make another million dollars before he gets any benefit from being liquid.
 
cawacko said:
How did he come about his million dollars?
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HR at a large company, then laid off with a large severance package... then HR for a real-estate holding company with another large severance package. Basically being in charge of HR for large companies allows you to negotiate yourself a large golden parachute for when they decide to end your employment.
 
Jarod said:
HR at a large company, then laid off with a large severance package... then HR for a real-estate holding company with another large severance package. Basically being in charge of HR for large companies allows you to negotiate yourself a large golden parachute for when they decide to end your employment.
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that's true, but sometimes it bites you in the ass. I once had a totally evil HR director who worked for Energy East (parent company: Iberdrola)... she's been in the news lately... she's in jail for hacking into the company computer system after SHE got let go.

http://www.newsradiowebo.com/?p=21717

I HATED that bitch with a vengeance. Ah... schadenfreude! SO delicious!
 
maineman said:
that's true, but sometimes it bites you in the ass. I once had a totally evil HR director who worked for Energy East (parent company: Iberdrola)... she's been in the news lately... she's in jail for hacking into the company computer system after SHE got let go.

http://www.newsradiowebo.com/?p=21717

I HATED that bitch with a vengeance. Ah... schadenfreude! SO delicious!
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This guy never did anything illegal.
 
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