Quote:
Originally Posted by delusianne
April 13 (Bloomberg) -- The Standard & Poor’s 500 Index may rise 17 percent to 1,000 in the next three months as government spending boosts bank profits, investor Marc Faber said.
U.S. stocks probably reached their bear market low when the S&P 500 fell to 666.79 during trading on March 6, Faber, who publishes the Gloom, Boom and Doom report, told Bloomberg Radio in an interview from Thailand. Faber Says S&P 500 May Rise to 1,000 on Bank Earnings (Update1) - Bloomberg.com
Also:
In his most recent posting on Yahoo! Finance, Jeremy Siegel reiterates his belief that Standard & Poor’s flawed earnings calculations for the S&P 500 are making the corporate earnings picture look much worse than it really is — and he says he thinks the market did indeed bottom on March 9. Siegel: Earnings “Nowhere Near as Dismal” as S&P Data Suggests « The Guru Investor
Hmmmm..... |
Yup.
I've been saying that since mid-March.
I know there are a LOT of wacko far-Right-Wing posters on the who are desperately hoping that things don't improve - so that Obama looks bad, so that the GOP has better than a snowball's chance in H*ll of regaining power - but that's not going to be the way it is.
There are a several signs that things are improving - and even MORE signs that the downward deterioration that's been underway for the last 15 months or so is AT LAST coming to an end.
In the next few months, the additional money authorized by Obama and Congress is going to begin flowing into the economy (to join the money already approved by Bush for the banks) and when combined with the usual summer upswing, they economy will start rebounding.
Now one can certainly argue whether the long-term impact of the government borrowing all that money is good or not - but the folks on this board who insist on arguing that such monetary influx will not have an impact (or that it won't create any jobs) cleary have their heads buried someplace a lot more pungent than merely the sand. It WILL have an effect in jump-starting the economy - and boosting the creation of jobs (though that will probably not happen until sometime next year). There is no way that much additional money is infused without it having a positive impact (at least in the short run).
Ken
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