Posted on 11/08/2009 4:52:39 PM PST by Steelfish
Aging Bull? Stocks May Be In For Rough Ride Experts see powerful rally started back in March may be coming to an end
While the volatility brings back memories of last fall's financial crisis, few analysts are predicting a huge downdraft is coming.
Nov . 8, 2009
Stock market volatility is back, a signal to some experts that the powerful rally that started in early March may be coming to an end.
The Dow Jones industrial average rose or fell more than 100 points in seven of the past 12 trading days, capped by a 205-point advance on Thursday that left the index almost 53 percent higher than its closing level on March 9.
The Dow's muted 17-point gain on Friday masked the fact that it swung nearly 108 points throughout the day after the government reported the unemployment rate rose to 10.2 percent in October.
(Excerpt) Read more at msnbc.msn.com ...
Absolutely.
It was volatile trying to find a bottom... volatile going into the bear trap.
Haven’t you heard? We’re in a jobless recovery.
Sun Nov 8, 2009 7:07pm EST
TOKYO, Nov 9 (Reuters) - Japan's Nikkei average edged down 0.5 percent on Monday, with Canon Inc (7751.T) and other exporters hit by wariness about the U.S. economy after mixed jobs data as well as by a stronger yen. Nippon Telegraph and Telephone Corp (9432.T) (NTT) slipped 1.6 percent after the Nikkei business daily said it will likely report an operating profit of about 630 billion yen ($7.01 billion) for the April-September first half, a drop of 15 percent from the same period last year. [ID:nBNG441244]
The benchmark Nikkei .N225 fell 42.71 points to 9,746.64, while the broader Topix lost 0.7 percent to 868.04.
I am always asking...”Why is the market going up?”.
As for myself, I say it is pump and dump by Soros, Buffet,
GS, and other assorted Obozo puppet masters.
Somewhere, however, it has to end, and some poor fools have to get burned.
The market has come from an alternate universe, and seems to be nowhere close to reality.
I shake my head every morning when I read Yahoo headlines that say “Market heralds an end of recession”, then you read all the REST of the market news, which is ALL bad.
Everyone I know is saying the same thing...while becoming less trusting of banks, government, the media and etc.
And indeed it does. The main "leading economic indicator" in their index is the stock market. Another one is consumer sentiment which is driven by the market. Also consider that the Fed has said in the past that the wealth effect of the market is an important part of economic growth. Also consider that there is a PPT and a massive conflict of interest between the Fed and the companies that generally benefit from the rising market like Goldman Sachs.
The current rally is an figment of an inflationary bubble. It will continue as long as the Fed wants it to continue, When it hits the inevitable correction, the Fed will roll out more quantitative easing mechanisms until it starts rising again. How quickly they do that is a question, but there is absolutely no doubt that they will do it.
My take on this is that the markets hardly ever reflect the real value of anything.
There is too much speculation and get-rich-quick artists.
You are spot on.
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