In the long run, you make money by owning a piece of a profit-making business. The profit represents an actual increase in real wealth. The quintessential example of that was the Philip Morris company
I was in the finger lakes over the weekend. I saw a lot of signs. I would say it was 75 Trump 25 Harris, which surprised me considering the rural area that I was in. I rode back from Erie PA to central Pennsylvania on Wednesday, and it was 95 Trump 5 Harris the whole way.
On another note, I miss Bill talking about his projects, whether on the farm, the circus wagon, rebuilding cottages and walls in Ireland. I know we are all getting older, but if you don't use it, you lose it. Have a great weekend.
I lived alot of my life in Rochester, NY and I would say Western NY is solid republican. THe eastern part (away from NYC) around Albany and Lake CHamplain is more a toss up but not surprised to see Harris signs there.
Ironically one of the DOW30 mainstays Eastman Kodak (HQ in Rochester) was removed from the DOW about 20 years ago and turned teh city of Rochester into a ghetto. The suburbs like Pittsford are still super nice though.
Bill, the fact that you have been out of the Country for an extended period is made apparent in your opening paragraph. Great anecdote (I guess), but the MOOD of this Nation undoubtedly leans toward Trump. People have had it with this Administration and the dimocrat communists in general. The only question at this point is how will Real America (the Producers/those who pay taxes) react when the puppet masters steal the Presidency AGAIN in November. Since you have been gallivanting across the world for so many months, you're excused from being able to read the room.
Still unappreciated by most of us is the OBLIGATORY anti-Trump screed that is in nearly every missive you post, coupled with near silence about the radical, dangerous candidates "nominated" by the other side of the aisle. It appears that you just can't help yourself.
You're losin' it, Alty. I don't agree with killing ANYBODY - except proven traitors and pedophiles. As far as middle ground or "Compromise", been there, done that - for 40+ years resulting in ZERO positive result. "Compromise" is what got us in the F'd up situation we are in, because "compromise" for all those decades has meant ceding our Values and Beliefs to do things the way the leftists demand. Otherwise our "media" insisted from the rooftops that we were racist, bigoted, homophobic, and all the other lame, inaccurate adjectives they would try to hang around our necks. What you call "compromise" NEVER goes the other way, leftardes don't "compromise" jack shit. Therefore, I am DONE with even considering the activity. They have had the gloves off for years - all that has happened is that I have taken off mine. Luckily, millions of my fellow CITIZENS are recognizing the domestic terrorist dimocrat communists for what they are, and finally getting ready to throw off their stolen power.
PS - you are also WAY off about the Trumpet. Praise God that through Jesus I/We won't "get what I/We so dearly deserve." It's been said like this:
God NOT giving me what I deserve is called Mercy; God giving me what I DON'T deserve is called Grace...
PPS - this particular dim-wit knows the word is "lose", not "loose"...
Wallstreet, has changed the companies in the DOW-30, many times (I believe) to always make it look better. I know some companies removed, no longer exist, and some no longer represent very much of anything, but I remain in my belief. How does that fit with the DOW/GOLD, theory?
Yes, buying index funds over time, as the stocks in the indices get "adjusted" by dropping old dead or dying firms and adding new "star firms" is a long-term strategy of buying high and selling low. Doesn't seem very smart.
The eastern UP, upper peninsula of Michigan, a sparsely populated portion of Michigan is 80% Trump and 20% Harris. But some older familiar signs for Trump have come down. Driving across the 90 the north of the US, Michigan to Montana, I think it is significantly favoring Trump, but not drastically.
Flier...I believe it means that if you buy 1 stock of each of the companies in the DOW and then divide the total by the price of gold PER OUNCE that will equal how many OUNCES of gold "bought the Dow."
Bill, "A final straw in the wind". Just maybe the knowledgeable people of America have awoken. Its not world affairs are so important anymore, its our domestic policies (like hurricane damage here) that are more important issues. Which neither Trump or Harris are addressing because the "Deep State" wants to sell arms to the warring factions. Shame on them, their just do will come.
Bill, Tom and Warren all make great points about stocks giving you earnings and not gold thru history. However, if this time is not different then, what the heck do we do with this 35 (plus) trillion dollar deficit and the impending dollar devaluation? Did stock earnings in Argentina off set their currency devaluation for many years? I know I'm old, but what am I missing?
If stocks are an investment and you can buy more stock in the future with the same ounce of Gold than you can today … then it’s not a good investment it’s a great investment especially if you can 3 times the stock (15 down to 5).
My Problem is to go to cash.I would spend a fortune on Capitol gainas taxes.Probably as much as the big correction. And be left without shares. With the big wad of taxed cash... I can then buy back the shares price adjusted downward because of the big loss. I'm gonna end up at roughly the same place.Unless we think the loss is gonna be fifty or greater percent for an extended period of time. It seems like a big gamble in each direction.
My biggest gamble was following this newsletter. My Fidelity advisor and my brother’s financial dude both said two years ago I was going to miss out on a big rally, but I was all afraid of The Big Loss™️ hyped here. Well, they sure have been proven correct. But jumping in now would just be FOMO. Oh well…sigghhh
Another interesting piece of data is that, what is the Dow? All these long-term correlation to the Dow, but yet the companies that are in the Dow, have changed. So what is the Dow?
WF: The Dow Jones Industrial Average is the world’s stock market indexes consisting of 30 of the most influential U.S. companies. It’s considered a bellwether of the state of the US economy. The DJIA was first published on May 26, 1896.
I was in the finger lakes over the weekend. I saw a lot of signs. I would say it was 75 Trump 25 Harris, which surprised me considering the rural area that I was in. I rode back from Erie PA to central Pennsylvania on Wednesday, and it was 95 Trump 5 Harris the whole way.
On another note, I miss Bill talking about his projects, whether on the farm, the circus wagon, rebuilding cottages and walls in Ireland. I know we are all getting older, but if you don't use it, you lose it. Have a great weekend.
I lived alot of my life in Rochester, NY and I would say Western NY is solid republican. THe eastern part (away from NYC) around Albany and Lake CHamplain is more a toss up but not surprised to see Harris signs there.
Ironically one of the DOW30 mainstays Eastman Kodak (HQ in Rochester) was removed from the DOW about 20 years ago and turned teh city of Rochester into a ghetto. The suburbs like Pittsford are still super nice though.
"...𝘼𝙣𝙙 𝙞𝙣 𝙤𝙣𝙚 𝙐𝙥𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬 𝙔𝙤𝙧𝙠 𝙩𝙤𝙬𝙣, 𝙖 𝙥𝙡𝙖𝙘𝙚 𝙬𝙚 𝙖𝙨𝙨𝙪𝙢𝙚𝙙 𝙬𝙖𝙨 𝙏𝙧𝙪𝙢𝙥 𝙘𝙤𝙪𝙣𝙩𝙧𝙮, 𝙬𝙚 𝙨𝙖𝙬 𝙤𝙣𝙡𝙮 𝙖 𝙡𝙖𝙧𝙜𝙚 𝙃𝙖𝙧𝙧𝙞𝙨/𝙒𝙖𝙡𝙯 𝙗𝙞𝙡𝙡𝙗𝙤𝙖𝙧𝙙."
Bill, the fact that you have been out of the Country for an extended period is made apparent in your opening paragraph. Great anecdote (I guess), but the MOOD of this Nation undoubtedly leans toward Trump. People have had it with this Administration and the dimocrat communists in general. The only question at this point is how will Real America (the Producers/those who pay taxes) react when the puppet masters steal the Presidency AGAIN in November. Since you have been gallivanting across the world for so many months, you're excused from being able to read the room.
Still unappreciated by most of us is the OBLIGATORY anti-Trump screed that is in nearly every missive you post, coupled with near silence about the radical, dangerous candidates "nominated" by the other side of the aisle. It appears that you just can't help yourself.
Otherwise, an excellent article today...
You're losin' it, Alty. I don't agree with killing ANYBODY - except proven traitors and pedophiles. As far as middle ground or "Compromise", been there, done that - for 40+ years resulting in ZERO positive result. "Compromise" is what got us in the F'd up situation we are in, because "compromise" for all those decades has meant ceding our Values and Beliefs to do things the way the leftists demand. Otherwise our "media" insisted from the rooftops that we were racist, bigoted, homophobic, and all the other lame, inaccurate adjectives they would try to hang around our necks. What you call "compromise" NEVER goes the other way, leftardes don't "compromise" jack shit. Therefore, I am DONE with even considering the activity. They have had the gloves off for years - all that has happened is that I have taken off mine. Luckily, millions of my fellow CITIZENS are recognizing the domestic terrorist dimocrat communists for what they are, and finally getting ready to throw off their stolen power.
PS - you are also WAY off about the Trumpet. Praise God that through Jesus I/We won't "get what I/We so dearly deserve." It's been said like this:
God NOT giving me what I deserve is called Mercy; God giving me what I DON'T deserve is called Grace...
PPS - this particular dim-wit knows the word is "lose", not "loose"...
Wallstreet, has changed the companies in the DOW-30, many times (I believe) to always make it look better. I know some companies removed, no longer exist, and some no longer represent very much of anything, but I remain in my belief. How does that fit with the DOW/GOLD, theory?
RALPH W.
Yes, buying index funds over time, as the stocks in the indices get "adjusted" by dropping old dead or dying firms and adding new "star firms" is a long-term strategy of buying high and selling low. Doesn't seem very smart.
I think Bill has tds ,for me toledo to Detroit at least 80%Trump.
The eastern UP, upper peninsula of Michigan, a sparsely populated portion of Michigan is 80% Trump and 20% Harris. But some older familiar signs for Trump have come down. Driving across the 90 the north of the US, Michigan to Montana, I think it is significantly favoring Trump, but not drastically.
"If you had invested $1,000 in Phillip Morris a hundred years ago, you’d have $250 million today.”
Yes, you would be very rich and look like Jimmy Carter did at his birthday party this week.
Someone help me out here: what does "but the Dow" mean? How do you compute the value of the Dow?
I thought “The DOW” meant the Dow Jones Industrial Average.
Kam..it does.
Flier...I believe it means that if you buy 1 stock of each of the companies in the DOW and then divide the total by the price of gold PER OUNCE that will equal how many OUNCES of gold "bought the Dow."
Thank you. I thought that was it, but when I tried it didn’t work. Maybe I was using out of date data.
Save time and work: The DOW number is posted all day and every day that the market is open.
Bill, "A final straw in the wind". Just maybe the knowledgeable people of America have awoken. Its not world affairs are so important anymore, its our domestic policies (like hurricane damage here) that are more important issues. Which neither Trump or Harris are addressing because the "Deep State" wants to sell arms to the warring factions. Shame on them, their just do will come.
Suburban NC here. 95% + Trump signs. Very little enthusiasm for Kamala.
In stocks below 5 and in gold above 15 but what do u do between 5 and 15?
Great little primer on a lot of info. Thanks
Bill, Tom and Warren all make great points about stocks giving you earnings and not gold thru history. However, if this time is not different then, what the heck do we do with this 35 (plus) trillion dollar deficit and the impending dollar devaluation? Did stock earnings in Argentina off set their currency devaluation for many years? I know I'm old, but what am I missing?
Bill, C'Mon Buddy, It's spelled FLAK!!
Cheers, M.
If stocks are an investment and you can buy more stock in the future with the same ounce of Gold than you can today … then it’s not a good investment it’s a great investment especially if you can 3 times the stock (15 down to 5).
When the market is ready to do a true turn, it does it better if the crowd on board is relatively small.
Leonard Hartman
My Problem is to go to cash.I would spend a fortune on Capitol gainas taxes.Probably as much as the big correction. And be left without shares. With the big wad of taxed cash... I can then buy back the shares price adjusted downward because of the big loss. I'm gonna end up at roughly the same place.Unless we think the loss is gonna be fifty or greater percent for an extended period of time. It seems like a big gamble in each direction.
Bill: I think your biggest gamble is going to cash. I read all the time that cash will be dead soon. Say it’s not so.
My biggest gamble was following this newsletter. My Fidelity advisor and my brother’s financial dude both said two years ago I was going to miss out on a big rally, but I was all afraid of The Big Loss™️ hyped here. Well, they sure have been proven correct. But jumping in now would just be FOMO. Oh well…sigghhh
Another interesting piece of data is that, what is the Dow? All these long-term correlation to the Dow, but yet the companies that are in the Dow, have changed. So what is the Dow?
WF: The Dow Jones Industrial Average is the world’s stock market indexes consisting of 30 of the most influential U.S. companies. It’s considered a bellwether of the state of the US economy. The DJIA was first published on May 26, 1896.
Thank you, Dorothy, but that was a rhetorical question… I know what the Dow is.
My point was as the stocks within the Dow have changed over the years, and every time it changes it starts fresh.
There’s no correlation from the Dow when it originated, to the Dow today.
WF: You are right! Time changes everything…it’s just a lot of people don’t notice early enough.