*Breaking* This is the first time in 5 years ... S&P 500 vaults 1,500 as earnings cheer Wall Street http://www.reuters.com/article/2013/01/25/us-markets-stocks-idUSBRE90L0DA20130125 The winning streak is the longest in eight years and left the S&P 500 about 4.1 percent away from its all-time closing high of 1,565.15 on October 9, 2007. The equity market's strong start this year has been attributed to solid corporate results, an agreement in Washington to extend the government's borrowing power, encouraging signs from the global economy and seasonal inflows into stocks. Procter & Gamble (PG.N) shares led the Dow and S&P higher with a 4 percent gain to $73.25 after the world's top household products maker's quarterly profit soared past expectations. The company also raised its sales and earnings outlook for the fiscal year. Sales of new U.S. single-family homes fell in December but rose in 2012 to the highest level since 2009, a sign the U.S. housing market turned a corner last year. "Economic data in the U.S. has been trending higher, albeit modestly. Things are incrementally better," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey. "The market was able to move forward despite deterioration in Apple and that's also a positive." (Read continues in Link)
So when are blowhard right-wingers going to credit President Obama for that. After all... http://www.politicalforum.com/curre...e-stocks-down-5-since-obamas-re-election.html And how is this even possible, when taxes on the wealthy have been raised? http://www.cnbc.com/id/49727523 Oops! http://finance.yahoo.com/echarts?s=...on;ohlcvalues=0;logscale=off;source=undefined; Rule #1: Never take financial advice from a right-wing ideologue.
I'll give him some credit as long as this artificially induced bubble doesn't kill my 401K like the last one. Come on FED - keep jacking up that money supply and buy some more of that debt. It's a great scam as long as you can get away with it. I bet it's got Bernie M's approval.
But, in spite of being pretty much a righty, I hope we zoom off into prosperity like never before. It would be nice to be able to realize some measure of return on my 401K before some new ideologue comes along and wants to experiment with their favorite economic theory.
Label yourself whatever you want but you seem to be pretty reasonable to me! I would suggest being in some kind of balance of assets if you are concerned about an equity implosion. You can buy investment grade bond funds in your 401K. I actually put a friend of mine in some diversified bond funds a few years ago and they have done quite well. I ignored all the hysteria about bond vigilantes.
I hate to be the one who pees in the punch bowl, but with quantitive easing (printing money like it belongs in a Monopoly game), the stock market will rise. A larger money supply devalues the dollars that are already in circulation. If the money's value declines and the value of a company remains constant it will appear to gain. Mind you, I run a business and there is nothing I would like to see more than prosperity, but I also need to base business and economic decisions on reality. Unfortunately, I do not see business ever getting better with Obama in office. We are merely heading into the second half of our lost decade.
Although Barry can affect the market with certain policies related to them...the 40 BILLION the fed is pumping in every month, most likely affects it. You know when the market goes up most stocks follow, does that make them good stocks? When the market was 6000+ and lots of stocks lost 50% of their value, did that make them bad stocks? - - - Updated - - - The market may be zooming but that doesn't mean the economy nor that unemployment is decreasing.
The market may be zooming but that doesn't mean the economy is or that unemployment is decreasing to a normal level. It's the same today as when Obama took office 4 years ago.
The current employment to dow points ratio is the same it was the last two times the dow crashed. Just something to keep in mind...
I did well today. Sucked though for the most part since 2008 like pretty much everyone and it's been a long road to today. I won't attribute todays success to Obama, nor 2008's debacle. A lot of guys walked off with the 2008 money. Maybe instead of complaining about what he enherited, Obama could seak these people out and get some money back. He could take 49% and we probably wouldn't complain: He's happy, we're happy.
Why is this breaking news? The markets have all types of cheap money to play with, thanks to QE. Besides, first quarter earnings just released this week. Some big winners, some big losers. Despite all this, none of these corporations are investing this money in the economy. Especially the Dow Jones and the S&P companies.
That chart is really made up. There really is no such thing as a Dow to Unemployment index. What relationship does the Dow have with unemployment? None.
Its merely a correlation (employment to dow, not unemployment). Its just data. It could merely be a coincidence. Use it, or not.
Exactly. The largest holder of our debt is now our own Federal Reserve. Not the Chicoms. Or the Japs. Our own printing presses are now our main creditors. Up 4-fold in total since Obama-The-Inept took office. And rising. Liberals cannot comprehend the peril there, which is not just a gamble, but rather a guaranteed collapse. Liberals don't care about tomorrow, much less the future of their kids, especially if they aborted them all. And so they follow the piper right off the cliff. To their credit, they live every day like its their last one. To their discredit, they guarantee their own premature demise.
Could be an omen ... as you remember, the Bush Great Depression soon commenced ... (along with the hyper DOW at over 14,000)
It commenced because of the tightening of the money supply and the raising of interests rates. All of this volume didn't filter until 2007. It's the same thing that happened during the Dot-Com crash in early 2000. You probably don't know, but the Nasdaq bubble and the Housing bubble are the same bubble.
He/she should know, since it was the progressive champion Paul Krugman who thought it was such a great idea...
My apologies for some real STUPID, but I think I have the hots for MissJonelyn's avatar. Ok - resume.
