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All thanks to the toad Yellen who is keeping interest rates artificially low and ignoring inflation.
Yea only the people in a good position can take advantage of that. The people in trouble ... well you missed another boat. And they say Obama is for the poor and working class
Are you saying that inflation is low? And please don't give me government numbers. They just give us core CPI which does not include energy and food, which we know everyone uses. Plus they don't include home sale prices.
No reason it shouldn't follow the pattern it's been following for a long time. It's about time for the "correction." Then it will bottom out and begin inching its way up again. Gold does the same thing. Silver does the same thing. The economy, in general does the same thing. Ad nauseam. Anything new? Nope. About due for another crash. Who cares.
Personally, I'd rather it be in a down cycle as it was in 2008 and 2009. My dollars went farther; prices came down damn fast. Gas. Homes. Food. Etc. Good times. You could buy land for a song and dance. But, it doesn't matter much to me regardless.
A 'correction' is not a 'crash'. I do wish people wouldn't just throw words around.
Yes, the market is a bit over-heated. We likely will have a drop to around 16,500 in the next week, as people take profits and get a little nervous.
Good jobs reports, good earnings reports, consumer confidence, the state of the weather (yes, really), and a few other more or less mystical influences (g) will keep the Dow from 'crashing'. We won't see 7,000 again.
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