Sure, it's only The Voice; but tomorrow it could be American Idol, and by next month, America's Got Talent."
And nothing of value was lost?
That's the joke.
Tablets are a fad in the consumer space which will fizzle out in 2 years
iPads are officially 3 years old now. They certainly might still fizzle out -- netbooks were pretty much replaced by tablets, and tablets could be replaced by something else.You need some kind of rationalization beyond just saying they'll fizzle out, though. There is obviously a market for them (and netbooks before them) that traditional PCs don't fill. Something's going to fill that niche.
Planes have a limited amount of lift (and can only lift so much weight), but before you hit that limit you'd hit another bottleneck -- planes have limited numbers of seats. Assuming that you can only fit x people on the plane and that planes will always be full to capacity (they all seem to be these days), and assuming their weight/fare formula guarantees that each extra pound is profitable for the airline, it's the to airline's advantage to carry non-obese people.
If you have 300 seats, you can fill them with the 6' tall 200 pound people, 1 per seat. If you try to fill it with 5' tall 200 pound people, they will take up more than one seat each. You will make less money filling a plane with the obese people than the overweight people who still fit in one seat.
Assume for a minute that the Dow is a perfect way of tracking what it's intended to track, with no flaws. So it perfectly mirrors the US economy. The reason you buy gold -- rather than invest in the stock market or anything else dependent on a money economy -- is because you assume the money economy may either completely collapse, or at least develop another great depression or something similar. In those cases, even if the Dow reduced to zero, gold should still maintain its value, because it has value that isn't derived from the value of the dollar, unlike the Dow.
So my point is that expecting the Dow to mirror the US economy (or the Dow) on the way up is ludicrous, since the whole reason to invest in gold is because it WON'T MIRROR THE DOW on the way down. The two derive value from completely different things, and in fact, that's the only reason people buy gold.
If you think through your own argument (that the dollar is an arbitrary measure of value), you'll realize you agree with me. The Dow is much more closely tied to the dollar than gold is. If gold is growing at the same rate as the Dow, it has somehow become tied to the value of the dollar and the size of the US economy. That would make it a gold bubble, which is specifically what my post said.
Gold isn't even at historic highs, for that it would have to be 1:1 with DOW, and it's nowhere near
That's not really a reasonable comparison. First, the Dow is a bit arbitrary -- it follows only a specific group of 30 companies that are supposed to represent the US economy. Here are a couple of articles at different times about what would have happened if Apple had been added:
when apple was up: http://usatoday30.usatoday.com/money/perfi/stocks/story/2012-02-15/apple-stock-dow-jones-industrial-average/53109426/1
when apple went down: http://blogs.marketwatch.com/thetell/2013/03/05/apples-not-in-the-dow-thank-goodness/
Basically, that would completely change the value of the Dow and we would all be panicking right now, as the down dropped with Apple stock. On the other hand, around the election, people would have been crowing about the stock market hitting all-time highs.
So apart from comparing an historically trackable value, like gold, to an arbitrary measurement like the Dow, they also track different things. You're comparing gold's value to something which is trying to track the overall US economy. And the US economy is MUCH bigger than it was at the turn of the last century. Gold shouldn't mirror the US economy. If it did, THAT would be a definite bubble.