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To: blam

No one this side of God knows whether the stock market is going up or down. Some of the reasons posted for a crash appear to be pure BS. One example is the 10 year bond being at a higher interest rate than it was 6 months ago. That bond has been fluctuating slightly below and above a 2% yield for many months now, and that rate is absurdly low and will remain so as long as the Fed wants to have easy money.

As for comparing the current market to 4 years ago, we were heading full force into a major recession and hitting bottom. As for the S&P, the Price Earnings ratio is still a good bit below the historical average.

So, I do not buy into this nonsense. Now, if Israel attacks Iran, or if Obama sends US troops into Syria, then the market will drop big time. This market is more subject to the influence of extraneous forces. All that being said, the market could go up or it could go down a little or a lot, or it could go sideways. As Tonto used to say to the Lone Ranger, “Quien sabe?”


17 posted on 03/11/2012 4:11:14 PM PDT by CdMGuy
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To: CdMGuy

“As Tonto used to say to the Lone Ranger, “Quien sabe?””

Only when south of the border there, hombre!


25 posted on 03/11/2012 5:19:30 PM PDT by pingman (Durn tootin'; I like Glock shootin'!)
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To: CdMGuy
I thought Tonto was referring to his boss as chemo sauvé.
29 posted on 03/11/2012 7:03:59 PM PDT by Misterioso ( If any civilization is to survive, it is the morality of altruism that men have to reject. - Rand)
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