Any bets that it’s a bubble?
The 1% is back and on a roll. The DemocRATS are rejoicing! So much for those 99% OWS losers. LOL!
Gee, recovery summer all over again....what a load of rubbish.
Wow, things are going so well the market is back up.
Even unemployment is up!
And so is the number of people who stopped looking for work!
The deficit and national dept are way up!
What a boom! Everything is up!
The author is parroting the socialist meme.
The "virtuous cycle" is a statist concept, originating in Europe and adopted by Bernanke, postulating that government intervention in the economy can create a virtuous cycle of improved economic performance. In a speech given before he became Chairmen, Bernanke adopted the concept and suggested that the Fed could directly cause an increase in equity prices. It is widely speculated that Bernanke has been implementing this intervention in the equity markets through the New York Fed.
This Fed action is already a failure, merely causing equity prices to disconnect from the performance of the balance of the economy.
The DOW is p .8% since I moved my assets into Money market accou8nts to preserve the value vs. worrying about it growing/disappearing. I believe that if I leave it where it is, in 9 months or less, I’ll be much better off due to not losing my shirt (again) when it crashes.
Bump
The guys who trade stocks know as much about the economy as the players in the World Series of Poker. Proof? On the very day - in fact in response to - the latest “good news” jobs report including a Central Committee admission that there are 8.5 million few Americans working now than when the Kenyan came in, the DJ hits a record high. All they care about or know about is what the guy in the next chair is doing or not doing. I have a friend just like this. He makes money on the market by studying trends in trading. He actually told me he believes the economy is turning up! College grad as well!
Nothing to do with the QE4 I’m sure.
Nothing to do with the QE4 I’m sure.