MR Cache 2010, Nov 06 – Will The DOW Rally?

November 7th, 2010 by Money Reasons Leave a reply »

Weekly Thoughts:

Since the beginning of the year, I’ve been claiming that the DOW will hit 12,000 by the end of this year. We’ve made some good progress, but to save face at work, I really hope we start to have that Santa Claus Rally soon!

Oh, of course I’ll say, “but the market hit this high point (some number here), and I was so close”.  But it would be much sweeter if it really did end at least 12,000 by Dec 31!

We’ll see…

My Favorite Reads of the Week:

Watson IncDo You Save Instead of Paying Debt?  Shawn provides another excellent article (actually I haven’t been disappointed yet by anything tht Shawn does)!  I feel like Shawn and I are travelling down the same or at least a very similar path.  Check out his post to see if you are too!

TightFistedMiserOctober Investment Income – $96.04 - I like that fact that TightFistedMiser is laying it all out for the world to track, follow, and grow along with him!

TheSavedQuarterYakezie Carnival - I usually don’t list a carnival here, but TheSavedQuarter single-handedly rescued the Yakezie Carnival this week, and I think that deserves to by under her listing rather than a carnival listing.  Still, thanks for the include!

Redeeming Riches: What Sam Walton Teaches Us About Money, Success, and Family post is a great example of why I posted this article: Reasons To Spend Money – I Don’t Want A Coffin Full Of Dollars.  The Sam Walton story is a perfect example of a person who’s biggest regret was not enjoying life with family more fully.  Check it out at Redeeming Riches, it’s a great read!

Grumpy Rumblings of the Untenured:  Totally Random Bullets of Crap - Thoughts on random things, but mostly I like the title!  Not to mention the Pee poem (lol).

Free Money FinanceThe Net Worths of US Presidents - This was an interesting read, especially noting that Thomas Jefferson started out pretty rich, but I remember reading that when he died he ended up owing money instead of owning money!  This just goes to show that every being a genius doesn’t guarantee everlasting financial success.

Everyday Tips and Thoughts:  Thoughts For Thursday: What People Divulge In Public - This one was my favorite from Everyday’s site, I believe others would pick one of the other well qualified post, but this one reminds me how like-minded Everyday and I are!  I would have found it delightful to be in the spot she was in on that day. 

Enemy of Debt:  No Restaurants in November Challenge - This is an awesome idea!  Not only will it save you the money for the month of November!  It also have the potential of breaking your habit of eating out in a set schedule!  This is awesome, and I would highly encourage anyone interested in joining!  Great idea EOD!

Budgeting in the Fun Stuff:  October 2010 Blog Statistics and Income Update  – Crystal takes everything off and reveals her measurements!  It will be fun watching Crystal grow like wildfire!  So if your like me and love to watch stats and growth… Check Crystal out!

My Favorite Post from the Week:

My most popular post of the week on my site was: Pros and Cons of Blogging  I liked it because I able to hash over a year’s worth of blogging!

Closing Thoughts:

Thanksgiving for the U.S. folks is just around the corner!  This year has flown by in a blink!

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14 comments

  1. Whoa Money Reasons,
    Thanks for the include and the kind words!!! These are some really interesting articles.

    I can see that you employed the reverse alphabetical order today. :)

    • You quite welcome. Taking the alphabetic ordering idea from Everydaytipsandthoughts I reverse the order so it’s descending every other week. :)

      Hope your weekend is going great!

  2. Nicole says:

    I just went to a talk with one of B of A’s presidents and she made a pretty convincing case that the market always rallies after midterm elections. I should stop putting off funding those IRAs…

    Thanks for the link! We at grumpy rumblings strive to provide the finest in novel and unique new literature.

    • Hi Nicole,

      I like the diversity of content your site provided. Definitely different from the normal pf stuff!

      I’m thinking of starting to put more humorous/witty links on Saturday’s comics page. So you might see your site pop up on the page more often in the future :)

  3. I would love a rally, but I am pretty happy with how the last few months have been already.

    I was actually going to list in reverse alpha order next week, that is so funny. (I will probably forget anyway.)

    Thanks for the mention!!!! Have a great Sunday.

    • admin says:

      Yeah, I’m happy with the rally these past few months too.

      A big part of the reason I decided to go in Reverse order every other week is so that Shawn’s post are near the top sometimes too. I like the way he thinks… :)

      I like the fairness you bring by ordering your list alphabetically! Brilliant move on your part!!!

      • Nicole says:

        You could alphabetize them by the first letter of the post itself… we’d totally write fantastic posts about aardvarks.

        • admin says:

          lol, but seriously, that’s a pretty clever idea too!

          If I were to do it alphabetically based on the post title, it would have a bit of a randomization naturally…

          Perhaps I’ll join your idea to Kris’s, making it a 4 cycle process… (alpha, reverse alpha, alpha-title, reverse alpha-title).

          I hope I’m not making it too complex. I’ll think about it :)

  4. Hi Money—Good luck with your predictions. You are walking down a slippery slope! Predicting the future is pretty tough.

    • admin says:

      Yeah, It’s a prediction that I made at the beginning of the year (I think I also wrote a comment somewhere on Sam’s site to about it).

      It’s still possible that we could reach or end up above 12,000, but I don’t have any money on it, so it’s still good. I just have my reputation as a profit blemished a bit, no biggy…

  5. Jason @ Redeeming Riches says:

    Thank you for the include!! Much appreciated!

  6. Thanks so much! Your intros to people’s posts almost always make me smile but this week’s description of my stats post made me choke on my water. I laughed pretty hard at how sad some people are going to be when they click on the link and all they see are blog stats, lol! :-)

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