Comments on: Cover to Cover: Dow at 36,000 http://www.behaviorgap.com/cover-to-cover-dow-at-36000/ Exploring the relationship between people and their money. Thu, 02 Sep 2010 20:03:00 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Richard Reyes http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-940 Richard Reyes Tue, 31 Mar 2009 17:25:19 +0000 http://www.behaviorgap.com/?p=915#comment-940 Great comment. So true. Oh. good blog too Carl. Great comment. So true. Oh. good blog too Carl.

]]> By: Richard Reyes http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-223 Richard Reyes Tue, 31 Mar 2009 12:25:19 +0000 http://www.behaviorgap.com/?p=915#comment-223 Great comment. So true. Oh. good blog too Carl. Great comment. So true. Oh. good blog too Carl.

]]> By: Richard Reyes http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-389 Richard Reyes Tue, 31 Mar 2009 10:25:19 +0000 http://www.behaviorgap.com/?p=915#comment-389 Great comment. So true. Oh. good blog too Carl. Great comment. So true. Oh. good blog too Carl.

]]> By: thinkingcarl http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-222 thinkingcarl Mon, 30 Mar 2009 19:58:01 +0000 http://www.behaviorgap.com/?p=915#comment-222 Paul- thanks for your comments. It is the folly of this "preoccupation" with trying to know the future that we highlight in these "Cover-To-Cover" posts. My real point is that it does no good to focus on "investments" and "investing" without making sure that our decisions are made within the context of the "investors" plan. Paul- thanks for your comments. It is the folly of this “preoccupation” with trying to know the future that we highlight in these “Cover-To-Cover” posts. My real point is that it does no good to focus on “investments” and “investing” without making sure that our decisions are made within the context of the “investors” plan.

]]> By: Paul Meloan http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-221 Paul Meloan Mon, 30 Mar 2009 18:28:01 +0000 http://www.behaviorgap.com/?p=915#comment-221 By my crude math, going from 777 in 1982 to 6,500 in 1996 represents an annual jump of about 15%. Using the same growth rate, with the Dow at 7500 as I type this 15% annual increase in the Dow now for the next 15 years would take the Dow to over 60,000! <br><br>Dow 36k seems just as unfathomable to individual investors today as Dow 10k must have looked in the summer of 1982. I agree with your central assertion, that predictions of future values is a fool's errand. Only now perhaps sentiment is as wildly unrealistic as it was for Glassman & Co a decade ago, just in the opposite direction.<br><br>This is not to say we should all be giddy about sinking everything we own into the market. Hardly. It's just to <br>show that our preoccupation with trying to know the un-knowable is an incredibly unproductive exercise.<br><br>Paul Meloan By my crude math, going from 777 in 1982 to 6,500 in 1996 represents an annual jump of about 15%. Using the same growth rate, with the Dow at 7500 as I type this 15% annual increase in the Dow now for the next 15 years would take the Dow to over 60,000!

Dow 36k seems just as unfathomable to individual investors today as Dow 10k must have looked in the summer of 1982. I agree with your central assertion, that predictions of future values is a fool's errand. Only now perhaps sentiment is as wildly unrealistic as it was for Glassman & Co a decade ago, just in the opposite direction.

This is not to say we should all be giddy about sinking everything we own into the market. Hardly. It's just to
show that our preoccupation with trying to know the un-knowable is an incredibly unproductive exercise.

Paul Meloan

]]> By: Neal Frankle http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-220 Neal Frankle Mon, 30 Mar 2009 17:59:03 +0000 http://www.behaviorgap.com/?p=915#comment-220 Great Article! Thanks Carl. Really great perspective. Great Article! Thanks Carl. Really great perspective.

]]> By: thinkingcarl http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-388 thinkingcarl Mon, 30 Mar 2009 17:58:01 +0000 http://www.behaviorgap.com/?p=915#comment-388 Paul- thanks for your comments. It is the folly of this "preoccupation" with trying to know the future that we highlight in these "Cover-To-Cover" posts. My real point is that it does no good to focus on "investments" and "investing" without making sure that our decisions are made within the context of the "investors" plan. Paul- thanks for your comments. It is the folly of this “preoccupation” with trying to know the future that we highlight in these “Cover-To-Cover” posts. My real point is that it does no good to focus on “investments” and “investing” without making sure that our decisions are made within the context of the “investors” plan.

]]> By: Paul Meloan http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-387 Paul Meloan Mon, 30 Mar 2009 16:28:01 +0000 http://www.behaviorgap.com/?p=915#comment-387 By my crude math, going from 777 in 1982 to 6,500 in 1996 represents an annual jump of about 15%. Using the same growth rate, with the Dow at 7500 as I type this 15% annual increase in the Dow now for the next 15 years would take the Dow to over 60,000! <br><br>Dow 36k seems just as unfathomable to individual investors today as Dow 10k must have looked in the summer of 1982. I agree with your central assertion, that predictions of future values is a fool's errand. Only now perhaps sentiment is as wildly unrealistic as it was for Glassman & Co a decade ago, just in the opposite direction.<br><br>This is not to say we should all be giddy about sinking everything we own into the market. Hardly. It's just to <br>show that our preoccupation with trying to know the un-knowable is an incredibly unproductive exercise.<br><br>Paul Meloan By my crude math, going from 777 in 1982 to 6,500 in 1996 represents an annual jump of about 15%. Using the same growth rate, with the Dow at 7500 as I type this 15% annual increase in the Dow now for the next 15 years would take the Dow to over 60,000!

Dow 36k seems just as unfathomable to individual investors today as Dow 10k must have looked in the summer of 1982. I agree with your central assertion, that predictions of future values is a fool's errand. Only now perhaps sentiment is as wildly unrealistic as it was for Glassman & Co a decade ago, just in the opposite direction.

This is not to say we should all be giddy about sinking everything we own into the market. Hardly. It's just to
show that our preoccupation with trying to know the un-knowable is an incredibly unproductive exercise.

Paul Meloan

]]> By: Neal Frankle http://www.behaviorgap.com/cover-to-cover-dow-at-36000/comment-page-1/#comment-390 Neal Frankle Mon, 30 Mar 2009 15:59:03 +0000 http://www.behaviorgap.com/?p=915#comment-390 Great Article! Thanks Carl. Really great perspective. Great Article! Thanks Carl. Really great perspective.

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