I don’t know, but I want some!
The next bubble is about to burst.
I have a few stocks I bought a few years ago that are 50% of their value. Yea its roaring back alright.
Tingling sensations.
Usually when the msm writes glowing reports about stocks, it’s over. It use to be when a story hit the cover of Time magazine it was definitely over.
I just got out today near session highs. Will get back in later this month on a decent pull back.
I try to stay on the sidelines the majority of the time, because reality will come eventually and the sidelines will be the place to be.
My real estate holdings went up nicely in 2012 also.
I’m not saying this to make responders look bad, just saying that there are a variety of outcomes.
Inflation affects stock prices too.
I don’t expect this to last, but for today I am $miling.
Who was the guy who said in the ‘20s “When I start getting stock tips from the shoeshine boy, it’s time to get out of the market”?
Morgan?
Rockefeller?
Virtuous cycle? Looks more like a virtual cycle to me—virtual prosperity fueled by a bubble full of bubbles.
This time around I doubt that the "it's Bush's fault" will hold water.
Party like it’s 1929!
Adjusted for inflation, it’s what?
‘paper wealth’ Most important two words in that entire piece!
This is going to be fun, LOL!
“The population of individual millionaires (as opposed to households) rebounded to its all-time high two years ago. According to CapGemini, there were 3.35 million millionaires in North America in 2011, up from 3.2 million in 2007. Their total wealth in 2011 was just shy of the 2007 peak, at $11.7 trillion.”
‘These selfish b@stards need to pay more in taxes!!’ Said No Conservative Ever
*SMIRK*
Woohoo! It’s the new new economy. Nothing can possibly go wrong!
“Prices for highly prized art, wine, vintage cars, jewels watches and other collectibles are soaring past their 2007 highs.”
I’d equate that to ME stockpiling rice, beans and ammo.
We both know the end is near, we just find different things to be of ‘value’ in our immediate lives. :)
All you nay sayers need to read Ben Grahm’s book or better his disciple David Dreman’s book on contrarian investing.
Us contrarians are setting pretty. The fact you are whining means money is being made
The Vanguard Total Market Index Fund (VTI) is higher now than it was before the crash. It was up over 17% last year and is up more than 5% this year to date. You don’t have to pick stocks and pay fees. You don’t have to be rich to get in. It sure beats the 10 year CD’s at 1%.
Meanwhile, here in the Real World, the US workforce has shrunk to its smallest levels since 1984, wage growth is negative, and interest on savings is less than zero after inflation, which the government conveniently denies is happening.
But the Obama cheerleaders at the Communicate Nothing But Crap network keep waving their pom-poms as though we were living in a new Gilded Age.