Time to Start Preparing for the Crash of '06('07)?

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Dow Jones hits second straight day of nominal record highs.

NEXT: And Let's Replace the Martini With a Shirley Temple

Brian Doherty is a senior editor at Reason and author of Ron Paul's Revolution: The Man and the Movement He Inspired (Broadside Books).

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  1. Paul
    October.4.2006 at 7:22 pm

    From the department of random musings, despite what Kos says, the market is not the economy. There’s some good analisys that suggests that a sudden rise in the DOW accompanied by a lack of rise in other indeces (which is what we’re currently seeing) is a suggestion of a poor economy. To wit: Investors, nervous about the economy will start dropping dollars into the behemoth ‘old money’ stocks (the DOW) which stay stable and tend to be immune to market volatility in questionable economic times.

    Show a Night Elf some love.

  2. Paul
    October.4.2006 at 7:25 pm

    Ahem, that’s analysis*.

    Just sayin’

  3. Karen
    October.4.2006 at 8:40 pm

    Note to self: sell stock before the end of the month.

  4. Mark B.
    October.4.2006 at 9:54 pm

    Good idea, Karen!

    Frantic stock speculation + falling economic indices = lots of people losing lots of money in a hurry.

  5. Brian
    October.4.2006 at 11:38 pm

    Very odd. Nobody believes in it but it keeps going up. At least it broadened out today and it’s not just the Dow, which are boring defensive stocks you buy because they go down less when everything goes down.

    I guess everyone expected the Sept/Oct correction so this is what we got instead. Maybe the Gnomes have decided to have the Santa Claus rally before the election.

  6. Aresen
    October.5.2006 at 1:11 pm

    Given my investment history, the best stock tip I can offer is to do exactly the opposite of what I do.

    *sniff*

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