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And you can high-five yourself if you have a 401K or other investments. If you have not aquired any, you can high-five yourself on the cheek, because you should have bought some when they were cheap.
Gee your post has such a familiar ring to it...do the happy dance cause stocks are up and going higher.
Let the good times rolls.
To me this is just another day on Wall Street. I've been in and out of investments several times since 2009. I take my profits when I can and don't rely on riding the wave long term because all bubbles burst sooner or later.
The Dow topped its all-time high, boosted by upbeat economic data from Europe and as China pledged to meet its growth targets.
The Dow Jones Industrial Average crossed above its intraday high of 14,198.10 hit on October 9, 2007. Bank of America and Cisco led the Dow gainers.
"With just 19 trading days left in the first quarter of 2013, U.S. equity markets look like they will be doing their best coiled-spring imitation for the rest of the month," wrote Nicholas Colas, chief market strategist at ConvergEx Group. "For those of you looking for the next potential negative catalyst, it is probably the upcoming two day Fed meeting on March 19-20 along with a quarterly press conference by Chairman Bernanke. The last Fed minutes were, of course, what put the markets in their mini-swoon (along with the Italian elections). A repeat of that dynamic seems unlikely when it is just the Chairman discussing policy, however. The next two weeks should be pretty clear sailing, aided by positive money flows into U.S. stocks and reasonably set earnings expectations for first-quarter 2013."
I sold out at Dow 10,500. No man can predict the future (as I found out in the presidential election as well). Now let us see what unfolds in the markets over the next several years. Perhaps, just perhaps, the increase in the markets has more to do with the money supply than economic fundamentals. Does anyone not find the market rally curious when we have a stagnant, and falling, GDP?
One can, however, invest in things other than stocks. I prefer hard assets, like land. Bernake is not printing any more land.
And? Unemployment is stagnant. Wages are stagnant. Growth is all but stagnant.
These four things do not go together. Wall street does not thrive with these other three happening unless someone is intervening. That would of course be the Fed.
I imagine this post will get ignored just the same as every other time I point this out.
We are looking out for every single need of Wall Street at the expense of main street. The right is good with that and the left refuses to say anything because Obama is in office so it's off to the races for Wall Street. It's good times for them.
Take advantage of it, that's my advice to you. The housing market is coming back too, and my advice is to take advantage of that too. Both, the stock market and the housing market benefit the main street, and it does not have to have anything to do with Obama. I don't know why he is pulled into every single discussion.
Sell to get your profits out and then buy back. That keeps your loss at a min when market forces turn.
Profit in the bank is better than profit on paper.
I don't think it will turn for a while. The housing recovery is going to support the rise for some time.
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Wow
