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Old 05-17-2013, 09:00 PM
 
33,387 posts, read 34,646,638 times
Reputation: 20027

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Quote:
Originally Posted by Fiddlehead View Post
https://www.google.com/search?q=Dow+...I7ADRA_enUS483

Seems to just keep booming and booming. What do you think is happening?
Quote:
Originally Posted by BBMW View Post
The market is a leading indicator. It reacts to what it thinks is going to happen in the future, and, specifically, how that will impact corporate earnings.

It must like what it sees.
Quote:
Originally Posted by toodie View Post
The stock market is manipulated by the super elite. It's just Soros and people like him throwing their money around.

Don't be surprised when the bubble bursts.

best,
toodie
i think toodie has it right. low interest rates on bonds, the fed pumping money into the markets daily, an economy that seems to be turning around because of the market bubble, all will combine later this year, or early next year to bring the market back down to where it should be, around 10,500 or so. a lot of people are going to get hurt again. all it will take is a trigger of some sort to burst the bubble. in 2008 it was high oil prices that brought down an over bought real estate market, so what will the trigger be this time? perhaps an increase in interest rates? a government default?

Quote:
Originally Posted by whogo View Post
There has really been a long term bear market since 2001 maybe it is time for investors to start getting a reasonable return. With bonds paying so little equities is the only relatively conservative place to go.
actually since before 2001, more like 1998 when the tech bubble burst.
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Old 05-17-2013, 09:11 PM
 
10,553 posts, read 9,606,171 times
Reputation: 4784
Quote:
Originally Posted by Fiddlehead View Post
In my read of history, the last event is very much like the Great Depression, but with a different government response. Tremendous deregulation and cuts in top tax rates fueled massive bubbles, and the working people felt the full brunt of it. In the most recent case, we (US citizens and our government) felt compelled to bail out the slimeballs at the top, but they felt no need to help out those at the bottom. We left that to the "job creators." Allowing the wealthiest to earn fraudulent profits, then to bail them out on top of it, is basically to support system that robs from the poor and gives to the rich. That seems to be where we are at to me.

That's exactly what's happening and has been happening for decades.

Goldman Sachs for example profited from the last several bubbles. During the housing bubble they sold the mortgage-backed securities like crazy, bet against them in the market, and in order to get $10 billion in TARP funding it immediately converted from an investment bank to a bank-holding company, got bailed out by the government, and then qualified for the loans from the discount window of the Federal Reserve so that could suck up even more taxpayer money. During the collapse their employees made record salaries. Absolute and pure crooks.

Where do you think all the losses of money during the recession went? Straight to the banks and Wall Street financial companies.

In my opinion this latest stock bubble is based on nothing. The economy is not doing that well! The market is being manipulated by financiers like those at Goldman Sachs and I wouldn't buy any stocks at this point.
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Old 05-17-2013, 09:26 PM
 
Location: None of your business
5,466 posts, read 4,403,709 times
Reputation: 1179
sequester is also a good thing
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Old 05-17-2013, 09:30 PM
 
10,553 posts, read 9,606,171 times
Reputation: 4784
Quote:
Originally Posted by eRayP View Post
sequester is also a good thing
are you being sarcastic? The sequester is in no way helping the economy. It's a drag on economic growth and job growth.

"The budget hawks have the sequence backwards. Public outlay for jobs and recovery come first, growth is restored, and revenues follow. Budget cuts in a deep slump lead only to a deeper slump."

http://www.huffingtonpost.com/roger-...b_2769032.html
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Old 05-17-2013, 09:31 PM
 
Location: None of your business
5,466 posts, read 4,403,709 times
Reputation: 1179
Quote:
Originally Posted by ellemint View Post
are you being sarcastic? The sequester is in no way helping the economy. It's a drag on economic growth and job growth.
Oh, you obviously prefer Solyndra and other FAILED shovel ready jobs.
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Old 05-17-2013, 09:42 PM
 
Location: The Republic of Texas
78,866 posts, read 46,355,644 times
Reputation: 18520
380,000 first time unemployment filers per week... Yes, per week average, the last 2 years.
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Old 05-17-2013, 09:43 PM
 
29,409 posts, read 21,920,471 times
Reputation: 5455
Why is the market roaring? Well basically there is no yeild in the bond market so all that dough is getting poured into the market including the 80 billion a month the fed prints up and hands out like candy on halloween. QE I, II, III, and IV have created one giant bubble. Look out below. The problem is this time it will be ten times worse because the fed won't be able to QE their way out of it like they did last time.
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Old 05-17-2013, 09:43 PM
 
Location: SE Mass
144 posts, read 122,540 times
Reputation: 71
I chock it up to QE~forever~*.

* Will not last forever; tighten up your stops.

Quote:
Originally Posted by eRayP View Post
sequester is also a good thing
Hahaha
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Old 05-17-2013, 10:43 PM
 
Location: Where they serve real ale.
7,242 posts, read 7,877,364 times
Reputation: 3497
Quote:
Originally Posted by Fiddlehead View Post
https://www.google.com/search?q=Dow+...I7ADRA_enUS483

Seems to just keep booming and booming. What do you think is happening?
When ever the wealthy get a windfall from tax breaks they slush it into the stock market where ever more money keeps chasing the same number of shares. There are only so many good blue chip companies so the same shares get bid up. No, it doesn't really have any connection to the real economy and, no, the prices aren't really justified based on earnings its just a way to store cash and hopefully make more than putting it into a bank. A decade back the money would have gone into credit default swaps or some other weapon of mass economic destruction or speculating on commodities (to the detriment of the real economy) but right now it is stocks which are in vogue. In a few months it might be something else.

Honestly, the economy would be far better off if we used the tax system to discourage such speculation and instead to prioritize money being put into starting or expanding actual businesses which employ people. THAT is how you build a real economy but that takes effort and individual work so they idol rich avoid doing that especially since most of them inherited their money and never really had to work themselves.
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Old 05-17-2013, 10:48 PM
 
Location: Houston
26,979 posts, read 15,797,985 times
Reputation: 11259
Quote:
Originally Posted by Think4Yourself View Post
Honestly, the economy would be far better off if we used the tax system to discourage such speculation and instead to prioritize money being put into starting or expanding actual businesses which employ people. THAT is how you build a real economy but that takes effort and individual work so they idol rich avoid doing that especially since most of them inherited their money and never really had to work themselves.
The idol rich... I am guessing that is even a lower number than the idle rich. Most rich people have worked for their money and are more demonized than idolized in the class warfare Obama era.
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