Posted on 11/18/2014 3:13:55 PM PST by SeekAndFind
The stock market rose on Tuesday, sending the Dow Jones industrial average and Standard & Poor’s 500-stock index to new nominal closing highs. Pharmaceutical and medical equipment stocks were among the biggest gainers. A positive outlook from homebuilders and encouraging news from Japan and Germany also helped lift markets.
KEEPING SCORE The Dow rose 40.07 points, or 0.2 percent, to 17,687.82. The S.&P. 500 added 10.48 points, or 0.5 percent, to 2,051.80. The Nasdaq composite index gained 31.44 points, or 0.7 percent, to 4,702.44.
THE QUOTE “The broad equity market is in holiday mode,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. “I don’t see the market moving meaningfully higher or lower in the near term until we get greater visibility on what consumers are going to do in the holiday season.”
(Excerpt) Read more at nytimes.com ...
We are in for such a crash.
The Dow has a predisposition to go higher and not lower.
Good performing stocks are kept in and poor performing stocks are rotated out for other good performing stocks.
So IOW, the Dow will ALWAYS go up. This should surprise nobody.
When the thinking was that Obama would win the Presidency in the fall of '08 the stock market went down, down, down.
Well, there is $12 TRILLION in money sitting on the sidelines, so I wouldn’t hold my breath. I know people around here have a vested interest in a crash, but I don’t see it.
I officially do not know what is going on with the Stock Markets. I am dumbfounded that they have remained so high for so long. I thought they where way over priced at DOW 12,000 based on economic conditions.
As it has since 1929. If you look at a chart of the Dow since 1929 (and I’m not tech savvy enough to post it), you wouldn’t even notice the blips that are the crash of 1929 and 1987. And when you consider that there is still $12 TRILLION in cash sitting on the sidelines? And that Japan is moving down and China is questionable? Well, where will people put their cash? Not in mattresses.
Amen
Since the stock markets for the last five years or so has gone counter to the news of the day, I have no idea. On days when it would appear the Dow would drop 1.5-3% on a given day (at least it would have under any other POTUS), somehow the markets get manipulated into lower losses or even gains. It’s mind boggling.
The market will be going up.
Yep.. I pulled everything I had out at about 17300 the last time (couple months ago) and it’s been sitting in a safe spot at about a 1.8% rate. I gained about 16.8% overall for the year but this looking like nowhere but down to me.
The current stock prices compared to company book value is close to historical average. Currently 2.86 , average 2.75.
Only day traders watch current news for stock prices. Most investors are long term and they usually ignore short term daily affects.
The stock market won’t crash while we have a half black president. That would be rasis don’t you know. sarc/ Now if Ted Cruz were to be elected the next president, the stock market would probably crash the next day.
What do you consider low? The nouveau chic stock P/E ratio is 23, formerly 15.5; reminiscent of generous debt-to-gross income and front-end mortgage lenders. We all know how that turned out.
It is all funny money. The cost of living has risen much, much more than the government will acknowledge. A real CPI adjustment based on NECESSITIES would go a long way toward explaining how high the stock market looks. If you look at the price of gold from fifty or sixty years ago compared to today it makes the official inflation statistics look absurd. In 1950 if you sold fifteen hundred dollars worth of stock you could buy a new Ford sedan and have money left to take your wife out for fine dining and buy her some jewelry. Now you could maybe buy four good tires, take her to Burger King and buy her a pair of cubic zirconium earrings. Fifteen hundred would have rented a decent house in Carolina for three or four years back then, now it would get you maybe two months at best.
Be fair, today there are a lot more necessities than there were back in 1950.....In many places then, you still didn't even necessarily need a car. And the average square footage of a house was probably half of what it is today. Good luck though finding such a sized house today.
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