Since it values perception it will probably come crashing down soon.
Posted on 02/12/2013 12:38:28 PM PST by ExxonPatrolUs
Edited on 02/12/2013 2:50:22 PM PST by Admin Moderator. [history]
Stocks held near session highs Tuesday, with the Dow Jones Industrial Average hitting a fresh five-year high ahead of President Barack Obama's State of the Union address later this evening.
With the Dow's move higher, the blue-chip average is now less than 1 percent from its all-time record close of 14,164.53 hit on October 9, 2007. The Dow is up more than 7 percent so far in 2013.
(Excerpt) Read more at m.cnbc.com ...
The markets are so over inflated right now - watch for the balloon to pop....
This bubble is going to make 2000 look like a cake walk.
The Dow is pretty useless as an economic indicator.
Since it values perception it will probably come crashing down soon.
I just need it to keep a slight positive direction to get value for my 401(k)..
“This bubble is going to make 2000 look like a cake walk.”
It sure is!
Yet many people will parrot that, "the market is up" as if they know what they're talking about, or they just hit some sort of jackpot.
The Dow is pretty useless as an economic indicator.
Since it values perception it will probably come crashing down soon.
I just need it to keep a slight positive direction to get value for my 401(k)..
It just means your money is worthless.
The VIX is currently 12.87. Stocks will be somewhat safe to buy when it’s in the mid 40’s. :)
Since it values perception it will probably come crashing down soon.
I believe you are correct. For the same reason the cost of gold is skyrocketing. The value of gold hasn't changed, but the value of our dollars to purchase it have plummeted, thus giving a false indication. The stocks aren't actually increasing in value either, it's just the amount of increasingly worthless dollars necessary to purchase them that makes this whole house of cards a mirage.
VIX is at a 5 year low. Good time for the “buy and hold” investor. If you look to trade the swings not so much...
Complete bull$h!it. 14,164.53 in 2007 money is equal to 15,684 in 2013 money. So this is a lie.
The Obama regime means even more pain at the pump as his toadies continue to place burdensome regulations on domestic energy production.
The 2014 elections aren't really all that far off and Conservatives can leverage the massive unemployment, sky-high prices and the extreme inflation (as evidenced by these whimsical Dow numbers) to take total control of both House and Senate. When Newt Gingrich's Conservative Revolution energized America in the mid-1990s, we enjoyed gas prices under a dollar, full employment and a robust economy. I can foresee 2014 being a repeat of what happened 20 years ago.
Rebellion is brewing! Go Tea Party Go! Take America back in 2014! Drill baby drill! Frack baby frack!
...and leading the charge...
The Bozo stock market is bought and sold In Bozo printed money which is half of what it was when Bush was POTUS.
The 13,999 Dow jones is worth only about 6990 and as Bozo’s presses at the mint keep running the thing gets worse.
The crash coming will have many, many stock experts jumping out windows again. A large pile of them would be fitting!
That's absolutely right. Business travel takes me throughout the country. Once I leave Texas and Oklahoma, I see nothing but despair everyone -- shuttered factories, failing farms, boarded up storefronts and shopping malls nearly empty of retailers. The Obama economy has brought widespread misery to nearly all business sectors.
Of course, there are some (perhaps many?) on Wall Street complicit in the myth-making. A good number of those involved in the markets are manipulating the number to make things appear good for their boy. That's among the reasons why the DJIA may look good but the fundamentals are just plain terrible. It's just like when Government Motors announces its quarterly sales and revenues -- all lies.
Such wonderful timing for the SOTU.
Have a look around April or May again, then fill up on cheaper gas and start your tourism engines! ;-)
Yep...now would be the time to skidaddle...
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