tag:blogger.com,1999:blog-6616959642391988608.post6600786225158769835..comments2024-03-19T02:45:37.685-07:00Comments on Calafia Beach Pundit: Gasoline price relief coming soonScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-39007930664368057682011-05-20T08:56:22.381-07:002011-05-20T08:56:22.381-07:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62734547540164397812011-05-17T20:19:35.973-07:002011-05-17T20:19:35.973-07:00William and Bill-
I enjoy both your comments.
Ho...William and Bill-<br /><br />I enjoy both your comments.<br /><br />However, the DJIA also hit an all-time high 14,164 in 2007. We are still below that high also. So, in real estate and in equities, we are well below recent highs, and treading water. 10-year Treasuries are offering 3.11 percent, and have been going down (in yields).<br /><br />Until QE2 ended, and the results started coming in, Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78247261457100412002011-05-17T18:36:53.064-07:002011-05-17T18:36:53.064-07:00Benjamin and Bill, you both make some good points....Benjamin and Bill, you both make some good points. After a bubble peak in NASDAQ or in real estate, it is not unusual at all for the prices of those asset classes not to exceed their old peaks for 15 years or more.<br />For example gold at $880/oz in 1980 which was not exceeded until 2010. Or IBM's peak in 1969, not to be exceeded until the early 1980s.<br /><br />But those examples certainlyWilliamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77035734686074450202011-05-17T16:48:43.193-07:002011-05-17T16:48:43.193-07:00Bill-
No doubt you make a good point.
The market...Bill-<br /><br />No doubt you make a good point.<br /><br />The market was frothy in 1999 (I don't like attributing every bubble to the Fed. The Fed is like a bartender--but still the patrons are responsible for their consumption. If investors like dot.com stocks, or houses, or commodities, and place bets--is that all the Fed's fault?<br />Conversely, should we continually suffocate our Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7082688766805054332011-05-17T14:57:02.037-07:002011-05-17T14:57:02.037-07:00Benjamin,
You keep refering to today's stock ...Benjamin,<br /><br />You keep refering to today's stock indexes trading at the same levels 10-12 years ago. True, but implicit in your comment is that the value of those indexes 10-12 years ago was priced correctly. I'm not the expert, but it seems to me that the Fed was pumping dollars into the economy to stave off the Y2K "calamity" and therefore may have helped to pump up Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24370334033175349932011-05-17T10:13:09.614-07:002011-05-17T10:13:09.614-07:0010-year US Treasuries down to 3.15 percent.
If in...10-year US Treasuries down to 3.15 percent.<br /><br />If investors fear inflation, it is not showing up in bonds or real estate. <br /><br />The commodities have topped out--as they had to. The price signal works. We may even see gluts down the line.<br /><br />Unless we go to QE3, we may become the United States of Japan. <br /><br />The S&P500 is below where it was in 1999. Real estate Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com