Posted on 06/03/2015 6:00:44 AM PDT by expat_panama
In my decades in the investment business, I've never seen a market with no inclination to decline in the face of numerous potential adverse outcomes and strong secular headwinds. (I recently highlighted 13 big-picture factors that could weigh on markets and the economy and markets in "Short in May and Go Away.")
As Jim "El Capitan" Cramer wrote in "Gulf Widens Between Haves and Have Nots": "The dichotomy between what is working and what isn't working has grown gigantically." The rotation within groups and sectors is fast and furious -- maybe the most vicious I've seen in my investment career.
Today the market is like the anecdote about a duck. It looks serene gliding across the pond, but underneath the surface it's furiously paddling. The market is like that: you look at the price chart of the S&P 500 (SPY) and it just keeps gliding higher, while underneath the surface there's massive turmoil.
Consider:
This paddling of the market's feet under the water's surface is typically a sign of a maturing market, but there's nothing typical about today's market. A market without memory from day to day...
(Excerpt) Read more at thestreet.com ...
What I see is for virtually all of history (including now) that is precisly something that's not happening but it's what most post people say is what they're seeing. It's a myth borne of an over inflated belief in the power of governments and a blindness to the awesome power that of all of us exert without even thinking about it.
The investor ping? Done!
But I wouldn't buy any.
Thanks
We’re a people who have forgotten history, no wonder are markets have no memory!
Unless interest rates rise there won’t be any improvement in the economy. Artificially low rates are causing the problems.
280,000 jobs. At this rate interest rates will be at 12% by next year.
Yikes! Futures have metals and stocks down -0.4% and I'm missing opening bell while running out to the airport. Again. Please someone make sure everything eomes out ok...
This is madness, we can't go on meeting like this --no wait, that's what you say when you're doing something else...
OK, I’ll step in. I’ve read the Book and know how this story ends. Jesus comes and that morning, the morning of the first resurrection, is a joyful day.
I'd like to help you -- but I'm just stepping into the shower.
Dang, you ruined the ending! I was just over half way thru the book but now I'm so disgusted I'm setting it aside. Next time please warn for spoilers.
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