Posted on 12/23/2014 11:55:32 AM PST by SeekAndFind
Stocks are pushing further into record territory as the Dow Jones industrial average tops 18,000 points for the first time.
Traders have been encouraged by signs of strength in the U.S. economy and reassurances that the Federal Reserve won't interest rates soon.
There was more encouraging news early Tuesday as the U.S. government reported that the economy powered ahead at a 5 percent annual rate in the third quarter. That was the fastest pace in more than a decade.
The Dow Jones industrial average rose 43 points, or 0.2 percent, to 18,003 as of 9:35 a.m. Easter.
The Standard & Poor's 500 rose six points, or 0.3 percent, to 2,084.
The Nasdaq rose six points, or 0.1 percent, to 4,787.
Bond prices are plummeting.
If the number is not adjusted for inflation, it is not valid.
Even worse, the Dow in no way reflects the economy for individual Americans at this point. The best way to drive a stock price up is to lay off American workers, and the Dow at this point is more an indicator of ASIA’S middle class than ours.
Make use of it while it lasts because when our national debt bubble pops the damage will be devastating.
The chineese were very unhappy after the mid term...then boner made them happy again...
Gold (the only true money, don’tcha know) is taking a dump too.
The banksters will bitch-slap gold at every opportunity. If gold begins to rise, then nervous investors will see an alternative to the printing press risk of stocks and head for the exits.
All bubbles pop. And this Fed-induced bubble will be the mother of all pops.
The stock market should have been allowed to die a natural death in 2008. We would now be in a true recovery with real price discovery. Instead, we have had trillions of printed dollars and zero interest rates that have allowed corporations to buy back their own stocks and boost share prices (while laying off workers). The little guy hasn’t gotten jack out of this ‘recovery’, unless you think having three part time jobs as a burger flipper is a good thing.
Buy physical gold and silver. Junk silver (pre-1965 silver coins) is cheap to acquire.
You hit the nail on the head.
Wait until interest rates start climbing. The price of bonds will head for the basement.
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