The New Bull Market
- Thread starter Wallace
- Start date
jeeze, Tsing Tao, how long have you been waiting to use that one
as I said in the first post, I'm late coming to this, and it's actually a bit of a rant
cnbc is repetitive beyond belief and one of their mantras has been 'when are the
retail investors going to come into the market ?'. now they're into 'is this the top yet ?
is this the top yet ? is this the top yet ?' so I've been influenced a bit by that
when the downside was going new posts/threads in this forum were running to two
pages and sometimes more, but since then and perhaps the beginning of the year
new threads have barely gone half a page
so all in all it is a bit surprising that there hasn't been more 'Buy ! Buy ! Buy !' threads
being posted, and is I suppose, all I'm saying
as I said in the first post, I'm late coming to this, and it's actually a bit of a rant
cnbc is repetitive beyond belief and one of their mantras has been 'when are the
retail investors going to come into the market ?'. now they're into 'is this the top yet ?
is this the top yet ? is this the top yet ?' so I've been influenced a bit by that
when the downside was going new posts/threads in this forum were running to two
pages and sometimes more, but since then and perhaps the beginning of the year
new threads have barely gone half a page
so all in all it is a bit surprising that there hasn't been more 'Buy ! Buy ! Buy !' threads
being posted, and is I suppose, all I'm saying
the problem is all the people talking on tv make a pretty good living. there is a disconnect because they don't have a job paying 70k that they can replaced for 30k. you have people seeing the stock market at highs that's it. they don't care if someone is making 70k or 30k because all they see is a ton of free money. when you have a bull market at some point you need to have workers making money to spend it but this an economy for the rich only and i don't understand how you will see sales growth without decent paying jobs. earnings means nothing if you pay people a lot less to worker because who is going to spend the money to grow the economy. ben did not do one thing to help average americans he only gave the rich people all there money back.
just wanted to add one point here.
America has tens of millions of workers making say 30-40-50k a year. I don't know the data but say American average income for workers has stayed the same over last 5 years or maybe has declined by 5%.
India and China has hundreds of millions of workers who used to make 5k-7k-9k a year, but now have started to make 10k-12k-15k a year. So, average worker income in India, China, Brazil, Russia etc. has gone up 20-40-50% over the last 5 years. So, if you see a disconnect between stock market performance (big multinational companies) vs average American worker living conditions, its explainable by the developments happening across the globe.
Above is what I think could be a reason. I could be completely wrong though!
About 50% of S&P 500 revenue and profits are earned outside the US. Emerging markets with fast growing incomes providing most of the growth.
Since the US is less than 5% of the world population, ultimately the economies outside the US can drive the US stock indices (composed largely of multinational corporations), which can become completely disconnected from the US economy. Same thing with the FTSE in England.
that's totally on the money but my point is its not in the american workers hands to spend. you think american companies are selling products to people making 10k a year in china? they are just the cheap labor but that won't make sales growth for US companies. there is no sales growth in years its all cost cutting.
i would just like to know where these good paying jobs will be for the amazing economy people talking is coming. in the late 90's temp jobs where paying 70k a year.
i would just like to know where these good paying jobs will be for the amazing economy people talking is coming. in the late 90's temp jobs where paying 70k a year.
Quote from gmst:
just wanted to add one point here.
America has tens of millions of workers making say 30-40-50k a year. I don't know the data but say American average income for workers has stayed the same over last 5 years or maybe has declined by 5%.
India and China has hundreds of millions of workers who used to make 5k-7k-9k a year, but now have started to make 10k-12k-15k a year. So, average worker income in India, China, Brazil, Russia etc. has gone up 20-40-50% over the last 5 years. So, if you see a disconnect between stock market performance (big multinational companies) vs average American worker living conditions, its explainable by the developments happening across the globe.
Above is what I think could be a reason. I could be completely wrong though!
It's all about market cycles, no cycle, lasts forever, identify them correctly using long term charts and avoid calling tops and bottoms.
The rest is money manegement.
The rest is money manegement.
The Nikkei is in a crazy bull market. Its up nearly 2000 points in about a month....every single night its up 100-400 points.
Crossed 15k tonight. Almost higher than the Dow and just to think it was under 9000 last year. Up almost 100% in one single year. This is what irrational markets look like here and around the world, like I said asset bubbles are everywhere.
Crossed 15k tonight. Almost higher than the Dow and just to think it was under 9000 last year. Up almost 100% in one single year. This is what irrational markets look like here and around the world, like I said asset bubbles are everywhere.