Skip to comments.Again! The S&P 500 Hits An All-Time High
Posted on 05/27/2014 7:09:52 AM PDT by SeekAndFind
The markets are higher following the three-day Memorial Day holiday weekend.
The S&P 500 hit an all-time intraday high of 1,908.77.
Earlier this morning, the Case-Shiller home price index posted a month-over-month increase in March that was larger than expected. U.S. durable goods orders also unexpectedly climbed.
(Excerpt) Read more at businessinsider.com ...
So, the Fed pumps $85B/month for 4 years into MBSs and T-bills, then drops to $75/month and continues with no end in sight. Why wouldn’t the stock market love it?
It’s somebody else’s money and the SE gets to make $$ off your children and grand children’s futures. What’s not to like about that?
When this thing implodes, it will change the course of human history.
I would feel more comfortable if the rise in the stock market is really fueled by company profits and not Fed manipulation.
And so has beef, pork, bread, corn, . . .
And this is what caused it:
Balloons can get awfully full of air.
All time high in terms of real inflation adjusted dollars?
What is it when adjusted for inflation?
Yes, we'll have a "correction," maybe a sharp one. But I'm not smart enough to know when. And if it happens this summer, we might have a strong bounce-back if Republicans look poised to take the Senate.
I have become cautious enough to get off margin, and to move my equity holdings into more defensive positions (big, dull, boring multinationals). But I'm still "all in." It has worked well recently.
Soon to crash?
Capital equipment purchases for manufacturing is off 80%. The worst we have seen since 2008.
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