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the stock market went up because people left the bond market due to very low return on investments, and companies are making profits due to limited competition and lowered expenses for things like employee overhead.
I always laugh my ass off at people who think a growing stock is a fantastic sign of the economy.
its like you've never heard of people like Chainsaw Al..
Where did I say the stock market performance was a fantastic sign for the economy? Stocks are not overvalued based on their earnings and expected earnings. Stocks, on the whole, are on the high end of the historic price to earnings range, but they are not extremely overvalued. Stocks are going up because of the earnings have kept pace with the prices. At some point if the earnings do not keep pace with the rising valuations then the stocks prices will stagnate or start to decline.
Yes earnings can rise for reasons that in the long run will not be healthy for the economy.
We've been hearing it for years, how the economy is in shambles because of this great President. The GOP candidate in the last presidential election made this a focal point of his campaign to sucker in support. He criticized President Obama and predicted doom. Well, President Obama is right and the economy is doing great. Time for Republicans to change their strategy, because like everything else they do, it doesn't work. Can you Republicans admit that you were wrong?
keep thinking that. Healthy economy? says who? Just because the stock market is up doesn't mean that a majority of americans are better off. In fact, most polls show that people are still struggling. Did you know that 42.6% of all statistics are made up on the spot?
The problem with the Banks is once they were forced to give a small percentage of loans to low income they realized they could make a ton of money giving EVERYONE a loan.
No one forced the banks to loan out that much money. LOL...
Actually they did. As I stated, the federal government sued them THREE times, they won the first two and due to mounting pressure just threw their hands up and washed them of anything to do with the mortgage bubble. That bubble is squarely on Clinton, Cuomo, and Congress.
Bush signed it (his mistake) but it was led by Nancy & Harry and then they went buck ass crazy when Obama got in the White House and they didn't have to be reasonable with taxpayer monies.
No it was NOT "led by Nancy & Harrry!"
Quote:
The Act was proposed by Treasury Secretary Henry Paulson during the global financial crisis of 2008.
Quote:
The legislation had its origin in early 2008, Secretary of the Treasury Henry Paulson directed two of his aides, Neel Kashkari and Phillip Swagel, to write a plan to recapitalize the U.S. financial system in case of total collapse. The plan, which was also presented to Federal Reserve Chairman Ben Bernanke, called for the U.S. government to purchase about $500 billion in distressed assets from financial institutions.[4]
The original proposal was submitted to the United States House of Representatives, with the purpose of purchasing bad assets, reducing uncertainty regarding the worth of the remaining assets, and restoring confidence in the credit markets. The bill was then expanded and put forth as an amendment to H.R. 3997.[5] The amendment was rejected via a vote of the House of Representatives on September 29, 2008, voting 205–228
You and the rest of the Limbaugh Brigade would love that. Not likely though.
Tell that to companies like MMM and UNP who have PE valuations far over 20.
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