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Dow almost 17000! Wow, even my wildest expectations did not imagine this and it seems to be poised to go even higher, sentiment seems to be robust and traders seem to be simply shrugging any negative data. We are a full 16% above pre-recession highs which is simply flabbergasting with further upward momentum At this rate we will reach Dow 20,000 by year end easy.
In addition even the Real estate market in some places like California are almost back to the highs reached during the bubble and continue to escalate. I would not be surprised if real estate prices even exceed their bubble peaks.
MASSIVE bubble that is going to have an astronomical collapse soon or are the good times back for good?
US has trade deficits year after year, yet the stock prices still go up. I don't trust it one bit.
I don't buy it a bit. With all the economic calamity in our country today (for gods sake, our economy grew .1% in the first quarter of THIS YEAR!) there is not a damn justifiable reason for our stock market to be booming. A correction is soon to come and once again the loons on wall street are playing their cards thinking they will pass the bomb to someone else before it explodes on them.
You people are crazy if you think these stock market gains are anything but a bubble fueled by our government pumping billions into the market. It HAS to end sometime and then that bubble will pop.
I don't buy it a bit. With all the economic calamity in our country today (for gods sake, our economy grew .1% in the first quarter of THIS YEAR!) there is not a damn justifiable reason for our stock market to be booming. A correction is soon to come and once again the loons on wall street are playing their cards thinking they will pass the bomb to someone else before it explodes on them.
You people are crazy if you think these stock market gains are anything but a bubble fueled by our government pumping billions into the market. It HAS to end sometime and then that bubble will pop.
I'd wager that Q2 GDP come in much better than +.1 this winter was brutal and greatly impacted consumer spending
The federal reserve created money and effectively created enormous demand for government bonds. They lowered the risk free rate which raised the expected PE multiples for the market, which combined with extremely high earnings has justified market pricing on a discounted cash flow basis. Meanwhile the housing market being stronger reflects the shadow inflation that has become the norm from printing large amounts of money.
Quite simply, there are more dollars per person. The value of the dollar is down, but we pretend we don't have massive inflation because the CPI figures exclude gas/food. Technology is always becoming cheaper which offsets the other price increases. Realistically since wages have not increased the levels will become unsustainable at some point because the portion of society that is being realistically involved is becoming increasingly narrow.
Of course, I didn't move into one of the markets where house values were swinging wildly. When we see a 7 or 8% chance in one year it is considered a very large move.
I've seen this before, markets at an all time high, low volume, up one day down the next. The markets are stalled.
Every time I see this the markets start a long trip down at some point. Yet for 3-6 months all the pundits will say that it's just a 5%-10% correction. When it gets to a 15% correction they will say it will start back up any time. They will continue saying how great this correction is all the way down. That's their job.
This will be a the third time in my life.
BTW, I don't know anyone that has made any real money in the last 3 months, even though the "experts" have declared that this is a great market.
Dow almost 17000! Wow, even my wildest expectations did not imagine this and it seems to be poised to go even higher, sentiment seems to be robust and traders seem to be simply shrugging any negative data. We are a full 16% above pre-recession highs which is simply flabbergasting with further upward momentum At this rate we will reach Dow 20,000 by year end easy.
In addition even the Real estate market in some places like California are almost back to the highs reached during the bubble and continue to escalate. I would not be surprised if real estate prices even exceed their bubble peaks.
MASSIVE bubble that is going to have an astronomical collapse soon or are the good times back for good?
It's been like seven years since the peak, why are you flabbergasted? 16% in seven years is an anemic. Good times back for good? People really do learn nothing, do they?
So far this year, the stock markets have been doing very little. It makes sense that they're taking a break after the 30% climb in 2013.
Actually, I was expecting the markets to go down 10% or more from their peaks but they haven't yet. Instead, they're just holding strong.
Not too far off, the market corrected by about 6% in January.
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