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No it's NOT "because of QE" - that's a bunch of nonsense that's been debunked here many times - but a lot of people seem to still believe it even though there is pretty much zero evidence (including the P/E of the S&P 500) that the stock market has been propped up by QE.
Now GOLD on the other has taken a beating even at the HINT of QE ending.
Bear this in mind whenever the conservatives start predicting 'the end of the world as we know it'.
These predictions were almost as off base as some of the Romney winning in a romp ones, and the same posters who predicted wrong before keep predicting. After all, past failure...
No it's NOT "because of QE" - that's a bunch of nonsense that's been debunked here many times - but a lot of people seem to still believe it even though there is pretty much zero evidence (including the P/E of the S&P 500) that the stock market has been propped up by QE.
Now GOLD on the other has taken a beating even at the HINT of QE ending.
Ken
Amen. It is largely an appropriate , perhaps undervalued, market as corp profits overall are at record highs. And I do not think they have peaked yet.
A Noble Laureate appears to disagree with you knuckleheads.
Liberals... I have never seen an entire class if people unable to even come up with even a remotely reasonable conclusion based on empirical evidence or subjective analysis.
A Noble Laureate appears to disagree with you knuckleheads.
I'm a fiscal conserv, who is talking from a background in corp America. Great earnings, extremely healthy balance sheets, great cash position = the ability to keep growing, buying corps, etc.
The whole "QE is the only thing driving the stock market" garbage is largely just crap from the gold bugs and the firms that cater to them - and boy are they in for a rude surprise - although it shouldn't be a surprise. It's GOLD that's been clobbered by even the HINT of QE ending, not stocks.
An increasing number of analysts out there DO get it though,
"Based on our analysis, QE has not been the driving force behind rising equity prices in recent years. We found that since 2009, corporate profits have had a more direct relationship to stock prices...
...Instead, the performance of U.S. equities has been driven by the increased profits of U.S. corporations. QE may have had some effect on earnings, but it did not have a significant impact on equity valuations as measured by price-to-earnings multiples. "
A Noble Laureate appears to disagree with you knuckleheads.
Liberals... I have never seen an entire class if people unable to even come up with even a remotely reasonable conclusion based on empirical evidence or subjective analysis.
Opinion are like *ssholes - everyone has one. So what?
Forget all the "theory" - all you need do is LOOK at what's ACTUALLY HAPPENED.
Even the HINT of QE ending has CRUSHED gold - stocks? Not so much.
The whole idea that it's just QE propping up the stock market is just plain WRONG - and it ALWAYS WAS.
What's ALREADY happened in that regard has ALREADY shown that, yet ignorant folks out there (often times these are folks with a financial interest in propping up gold) still cling to that stoooooopid theory.
Furthermore, even your OWN LINK, doesn't make a connection between QE and the stock market, nor does it say ther stock market is overpriced, the "nobel winner" simply says (and I quote) "...sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly". He never even makes the claim that we ARE in a financial bubble, simply that it could LEAD to a financial bubble (which is kind of a "duh" statement that really doesn't claim anything).
Ken
Last edited by LordBalfor; 12-01-2013 at 03:13 PM..
Opinion are like *ssholes - everyone has one. So what?
Forget all the "theory" - all you need do is LOOK at what's ACTUALLY HAPPENED.
Even the HINT of QE ending has CRUSHED gold - stocks? Not so much.
The whole idea that it's just QE propping up the stock market is just plain WRONG - and it ALWAYS WAS.
What's ALREADY happened in that regard has ALREADY shown that, yet ignorant folks out there (often times these are folks with a financial interest in propping up gold) still cling to that stoooooopid theory.
Furthermore, even your OWN LINK, doesn't make a connection between QE and the stock market, nor does it say ther stock market is overpriced, the "nobel winner" simply says (and I quote) "...sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly". He never even makes the claim that we ARE in a financial bubble, simply that it could LEAD to a financial bubble (which is kind of a "duh" statement that really doesn't claim anything).
Ken
LMAO take away QE the entire house of cards falls. Remember about 3-4 months ago when the fed mentioned stopping QE and the market dived? Re-read the article again.. It's over inflated.. If the Feds could stop QE they would have long ago..
You knuckle heads are something else.. Give my business 80 billion a month and I'll show you one hellva profit!
LMAO take away QE the entire house of cards falls. Remember about 3-4 months ago when the fed mentioned stopping QE and the market dived? Re-read the article again.. It's over inflated.. If the Feds could stop QE they would have long ago..
You knuckle heads are something else.. Give my business 80 billion a month and I'll show you one hellva profit!
QE might taper if unemployment drops and/or inflation kicks in significant amounts.
How do you envision QE giving business $80B a month? QE's are asset swaps. And almost all the related money is sitting accumulating dust in the Feds and member bank accounts.
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