Yet the stock markets are partying like it's 2003, when hiring was brisk, real estate was booming, wallets were fat -- and the major stock indexes started a four-year rally that would double their value and push them to new heights just before the financial crisis hit.
Judging from stock prices alone, one would think the economy was poised for a roaring comeback. But the federal government plans to unplug the economic life-support programs that stimulated production, kept interest rates low and placed a thick cushion under the real estate market.
Some analysts see ample reason for caution in equities, with many economists, including those at the Federal Reserve, forecasting tepid growth in the near term.
"The market is as overvalued now as it was undervalued a year ago," said David A. Rosenberg, chief economist and strategist for Gluskin Sheff, an investment firm. "There's a very high degree of complacency."
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JPMorgan, Lehman, UBS Named in Bid-Rigging Conspiracy
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I tell my friends to bail out of the market, mainly mutual funds, as they are getting close to retirement anyway. Have utility stocks with dividends for income, and muni's with a high rating in their state for tax free income. They should be in a credit union MMKT or CD for added income. Anyone younger should have an unmanaged (Vanguard, etc) index fund, (S&P, Int'l, etc), never a managed mutual fund because of the commissions and fees (a rip off).
ReplyDeleteMAN! GET OUT OF EVERYTHING!!! KEEP 6 MOS. TO 1 YEAR IN CASH. EVERYTHING ELSE, BUY GOLD AND SILVER!!!
ReplyDeleteMax Keiser was right, This is Rigged-Market Capitalism as opposed to Free-Market Capitalism.
ReplyDeleteSmart cookie that guy...
I'm just an average Joe with an average job and average wife with average kids.
ReplyDeleteBut when I see the likes of caterpillar laying off 10's of thousands of workers; and the stock leeps on gaining /
Well sir; this average Joe starts thinking - it's time to take my average money elsewhere.
I am all for the fake Empire ponzi economy to keep going and going. No one wants a brutal collapse. Yes, it is all bullshit.
ReplyDeleteIt would be nice if we hadn't turned into the Fourth Reich though and kept to ourselves, not out killing and maiming.
That part won't change after the collapse anyway.
I am a kennel assistant at one of the largest banks in the country. The mounds of crap I have to deal with are staggering to the average person. And the barking is truly nerve-racking. I'm not sure why the customers don't complain about it in the teller lines. Not only does it stink of shit constantly but the dogs are always pissing in the bank vault at night. Yes for some reason people keep coming here in droves to give us their money. I'm starting to think they should bring their pets too.
ReplyDeleteAll the more reason Gold and Silver prices are going to collapse. The stock market is where it's at. It will boom for some time yet before slowing a little. Get rid of gold and solver while you can.
ReplyDelete7:14 thats the worst advice given on this blog! Are you some kind of a mental troll? The market is way over valued as many economic advisors are stating. where do you get this bizarre info? CNN?
ReplyDeleteif you have three or four companies constantly selling to one another to drive prices higher, you don't have a ponzi scheme. you have a stock market being manipulated. when she blows, it'll be a biggun'
ReplyDelete7:14. I hope your right. I'll keep what I have in PM's and buy ALL that I can during this "collapse". This collapse would be a dream for most of us that read this blog, but I wont hold my breathe.
ReplyDeletethe trend is still up ,,and yes the market is overvalued,,s & p valuations are 23pe plus,,the earnings best be great to match current valuations or it's see you later,,technically seems like they're trying to get the market back to the level where lehmen crashed,,nothing wrong with buying some protection here should we turn or tighten up your stops
ReplyDelete