It is going to. They’ll probably keep it propped up until after the elections. They don’t want to hurt Hussein Obama’s feelings.
You can’t predict the movements of the market. Yes, stock prices are high and will go down some day, but no one can say when.
However, the end of the taper in October, if that does happen, might provide some impetus. You would think interest rates might start to rise a little.
This looks like an odd sort of bubble which has occurred simply because there's no other place for money to go right now where it is welcome and has things to do other than the market.
Everywhere else, it's either being locked away for safety and a better day or being sucked up by GuvCo junkies like cocaine through a crisp, new rolled up $100 dollar bill they just printed.
As long as the FED keeps printing money it has to go somewhere and the stock market is the only real answer.
The market isn’t high. Due to inflation the numbers are higher, leading some ignorant individuals to think that the market is soaring.
Been reading this crap for decades.
So it is written; so let it be done.
What I find interesting is that I often wonder if their was some bad blood or rivalry between ZH and BI ( I have my reasons ), and here, BI post a ZH article. Hmmmm... That’s got my attention and all the other web-news organizations that have ran this as well, not to mention Beck was all over it today....
No smart investor has had money in the stock market since Obama entered office. Even wiser because of the blatant hanky panky supporting the stock indices through crass manipulation.
So who is supporting the market other than the manipulators?
“Investors are pouring money into Vanguard Group, the epitome of the hands-off approach to investing, flocking to funds that track market indexes and aren’t run by stock pickers or star managers. The inflow has pushed the mutual-fund giant to almost $3 trillion in assets under management for the first time.”
“Investors poured a net $336 billion into passively managed stock and bond funds in 2013. So far this year through July, investors put a net $177 billion into those passive funds, compared with $74 billion in actively managed funds.”
“Pacific Investment Management Co. (Pimco)’s Total Return bond fund now manages $223 billion, compared with $299.4 billion for Vanguard’s Total Stock Market Index fund.”
“BlackRock, the world’s largest asset manager, has about $4.6 trillion in assets under management. State Street Corporation has about $2.35 trillion under management.”
So, the big question is what could compel these corporations to massively sell off stocks? Unless the market manipulators decide to crash the indexes, this seems to be the only way to have a large correction.
bmp