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Then buy gold. Although if you buy now you are REALLY late to the party. The time to get was when the **** hit the fan in late 2008 and early 2009 when it was about $800 and ounce. Now you are probably going to end up like those people who brought internet stocks in 2000.
When the guy on the street starts talking about the price movement of stocks, commodities, or currencies it's usually too late to capture the biggest gains.
Then buy gold. Although if you buy now you are REALLY late to the party. The time to get was when the **** hit the fan in late 2008 and early 2009 when it was about $800 and ounce. Now you are probably going to end up like those people who brought internet stocks in 2000.
When the guy on the street starts talking about the price movement of stocks, commodities, or currencies it's usually too late to capture the biggest gains.
Ah, so Soros and the uber-rich are going to get burned? While that might make some happy, I doubt that's going to happen.
Gold will just increase every time there is QE. Unlike real estate, it's portable, highly liquid, and one of the only physical safe havens.
Then buy gold. Although if you buy now you are REALLY late to the party. The time to get was when the **** hit the fan in late 2008 and early 2009 when it was about $800 and ounce. Now you are probably going to end up like those people who brought internet stocks in 2000.
When the guy on the street starts talking about the price movement of stocks, commodities, or currencies it's usually too late to capture the biggest gains.
While I have no intentions on stocking gold bullion in my garage, I did "play" the paper gold market for a while.
I bought GLD at $70. But did I hold it ? Nah..since this was my first foray into this area I sold at $85 thinking "wow..nice profit".
Still kicking myself to this day that I didn't ride that puppy longer
Jazzy hit it. As far as the stock indices go, I watch them with the same amount (very little) interest that I pay to "political experts" such as O'Reilly, Beck or Olberman, interesting, but not enlightening.
However, if you want some very good news about a TRUE ECONOMIC INDICATOR, orders for Class 8 trucks is UP. I could go back and look at the article again but I think it was in the mid 20% range.
GM: 183,997, up 6.4 percent.
*Chevy division sold 135,369, up 17.4 percent and behind Ford and Toyota.
*Chevy Camaro continues to be very hot, with 9,150 sold, versus Ford Mustang's 5,145 (- 33.2 percent) and Dodge Challenger's monthly sales record of 3,713 (+42 percent).
*Traverse more than doubled Ford Flex sales. Chevy sold 9,020, up 9.9 percent, to the Ford's 3,876, up 21.5 percent. Dodge sold 4,475 of its smaller three-row Journeys, up 1 percent.
*Malibu was Chevy's bestselling car, up 12.8 percent to 16,536, with Impala off 7.9 percent, to 16,144. Cobalt volume was 13,701, up 28.9 percent.
*Chevy Equinox remains hot, at 11,987, up 190.4 percent. GMC sold 4,404 Terrains and Cadillac sold 3,904 SRXs, its bestseller and up 587.3 percent.
*Buick was up 36.4 percent, to 12,181, led by LaCrosse's 272.7 percent increase to 5,236. Enclave was up 23.3 percent, to 4,599. The lame-duck Lucerne was off 38.1 percent, to 2,346.
*Cadillac CTS fell 15.4 percent, to 3,278, although retail sales rose. DTS was up 22.4 percent, to 1,785 and Escalade was up 29.1 percent, to 1,250.
*GM says it has fewer than 2,000 lame duck-branded models left. It sold 481 Hummers (-47.3 percent), 373 Saturns (-94.9 percent), 52 Pontiacs (-99.5 percent) and zero Saabs.
Ford-Lincoln-Mercury: 162,996, up 25.5 percent.
*Add soon-to-be Geely's Volvo, and FoMoCo sold 167,542, up 24.7 percent.
*Ford division sold 146,589, up 26.1 percent.
*F-Series was again U.S. sales leader, at 40,946, up 42.4 percent, including strong sales of the new Super Duty.
*Fusion sales were up 3.5 percent, to 18,971.
*Focus was up 20.7 percent, to 14,107.
*Escape outsold both cars, at 19,146, up 40.8 percent.
*Edge was up 18 percent, to 9,003.
*Milan (3,101, +36.5 percent), Grand Marquis (3,169, +73.3 percent) and Mariner (2,482, +24.2 percent) helped push Mercury up 19.1 percent, to 9,128.
*All Lincoln models lost sales, except for Town Car, up 67.6 percent, to 1,143 and Navigator, up 159.8 percent, to 938. The brand's sales leader, MKZ, fell 8.9 percent to 1,817.
*Taurus sales rose 99.1 percent, to 6,166, while Lincoln MKS was off 1.5 percent, to 1,160.
Toyota-Scion-Lexus: 157,349, up 24.4 percent.
*About 142,000 of those sales are retail, Bob Carter says.
*Toyota division, at 139,080, was up 23.8 percent.
*Corolla, at 27,932, was up 50.7 percent and slightly outsold Camry.
*Camry, normally Toyota's bestseller by far, was up just 10 percent, to 27,914. The '11 model is launching early, and Carter says Toyota may have reduced '10 production too quickly.
*Prius was up 49.7 percent, to 12,555.
*Tundra was up 45.4 percent, to 8,949.
*Lexus sold 18,359, up 29.3 percent.
*LS was up 54.5 percent to 1,182.
*But Lexus sold just 1,076 HS hybrids. Division chief Mark Templin said Lexus may have underestimated the strength of the Prius brand, and overestimated gas price pressures.
American Honda (includes Acura): 113,697, up 12.5 percent.
*Honda division was up 11.7 percent, to 102,978.
*Accord was bestseller in its segment, at 31,766, up 8.7 percent.
*Civic, at 25,042, was off 4.6 percent.
*Fit rose 14.2 percent, to 4,699.
*Insight was down nearly 10 percent, to 1,880.
*CR-V was up 36.8 percent, to 16,661.
*Acura was up 21.6 percent, to 10,719.
*TSX was up 7.3 percent, to 2,607.
*MDX was up 58.9 percent, to 3,714.
Chrysler LLC: 95,703, up 25 percent.
*Automaker's best year-over-year percentage increase since July 2005, with both Chrysler and Dodge divisions up 61 percent over April '09.
*Minivans were up a combined 68 percent, with the Chrysler Town & Country up 80 percent, to 13,367 and Dodge Grand Caravan up 56 percent, to 10,435.
*Ram pickup barely retained its status as Chrysler's bestseller, with 13,665 sold, down 24 percent.
*Dodge Charger was Chrysler's bestselling car, at 8,944 units, up 90 percent. Dodge has begun a fleet sales push for the Charger cop car.
*Dodge Avenger was up 340 percent, to 6,000.
*Chrysler 300, at 4,127 (+40 percent) edged out Sebring, at 4,053 (+207 percent).
*Wrangler, the bestselling Jeep, was off 11 percent, to 8,327.
*The imminently replaced Grand Cherokee was off 6 percent, to 3,393.
*Patriot, at 2,404 (+21 percent) outsold Compass, despite Compass' 103 percent increase to 1,443 units
Read more: April Sales: GM is On Top, Though Toyota Claims First Place in Retail Sales | Car News Blog at Motor Trend
"The Fed generally claims that it stopped its first Quantitative Easing (QE) program back in March 2010 and that there were no additional debt monetizations between then and the announcement of its QE lite program in August."
"The Fed has continued to monetize Wall Street’s debts EVERY options expiration week since QE 1 ended… proving beyond a doubt that the Fed’s QE program did NOT actually end in March."
WeekFed Action
July 22 -$8 billion July 15+$8.6 billion
July 8 2010 +$1 billion
July 1 2010 -$13 billion
June 24 2010 +$175 million June 17 2010+$12 billion
June 10 2010 -$4 billion
June 3 2010 +$2 billion
May 27 2010 -$16 billion May 20 2010+$14 billion
May 13 2010 +$10 billion
May 6 2010 -$4 billion
April 29 2010 -$1 billion April 15 2010+$31 billion
April 8 2010 +$420 million
April 1 2010 -$6 billion
Just because the Dow hits 11,000 does not mean job increases from unemployed are going to follow.
The future of the economy is still far from certain. Farm payrolls dropped more than expected while private hiring increased, which sends mixed signals.
Being happy about the Dow is ridiculous. It means very little for the overall economy. Besides, it can flash crash back down to 10000 by the end of next week for all we know.
This is very true. I know from experience. In fact, it can fall by a lot more in just a few weeks. Remember when the NASDAQ went over 5,000 in March 2000? Then it fell to 1,400 in 2001. It's still only at 2,400. The market has been unstable for a long time.
It does NOT reward wage earners and won't for the foreseeable future.
My wife and I are wage earners, the current economic conditions reward us every two weeks with nice little piles of money that we can spend on beer or invest. Recent jump in DOW has been great for the net worth too, although I suspect we'll be closer to DOW 10.5k by end of month than 11K.
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