the stock market is very high, but words like “terrified” “crash” “looming” and “precipice” show that this piece was written by someone who is not serious.
Not to worry. Obama will print up billions more in monopoly money to further ‘stimulate ‘ something or other and that cash will fuel the market to higher albeit more worthless numbers.
So where do we find a one-handed prognosticator?
wasn’t there an article on TBI just last week or the week before by another writer claiming that the Dow’s rise to 20,000 is inevitable?
Former Fox News guest Gerald Celene kept saying the economy would crash very five minutes. The problem was he kept trying to put a date on things. And that is why he was let go, nothing occurred when he predicted. His Trends Research company was too inaccurate. So while it will happen, I wouldn’t put dates on things.
I would also say the crash will be slow and not as immediate as some people think. Therefore, nobody is sure how it will go. The SHTF Plan site has a bunch of scenarios they post on YouTube videos. It will take me some time to find the links as it was last summer.
Well, in the sense that if you buy today at Dow 14K and sell in 25 years at Dow 100K, this is probably true. If you find yourself in a financial position where you are forced to sell in 2017 at Dow 5K, you might have a very different opinion...
May have already begun, but as we have seen an uncountable number of times in the past couple of years, stocks and markets can remain high (i.e. are deliberately kept high) far longer than any economic laws can explain. Bears could be calling every day a top well into May.
Good for another 500+ on the DOW.
Wall St. is sending a message to Uncle Ben, “yeah, that $90 billion a month you been giving us to pump up the market, you need to double that.”
It seems to me that people with lots of cash (not me) only have a few choices: invest in gold or other metals; let it rot in a money market fund with a microscopic interest rate; stuff a mattress; or buy stocks. I think the low interest rates and undesirable bond markets are inflating the price of stocks. If interest rates went up to a point where an investor could gain 6 or 7 percent a year, stocks would look less appealing and the marked would be lower.