When will we hit Dow 12000?
- Thread starter zxd
- Start date
This market is now being run by The Federal Reserve Bank Of New York, market technicals and fundamentals no longer seem to matter.
Seems like we have been here before, hum.
Seems like we have been here before, hum.
The "sky is falling" crowd cracks me up. I think all throughout history you could find a lot of negative fundamental problems with local and world economies, as well as local and national governments. Despite that, there is money to be made in the market more times than not.
Perma-bears would be much better off if they just handed their portfolios over to financial planer and not checking their statements until retirement.
I think there comes a point (in fact, we're passed it, given worldwide food riots in recent months) where it's really quite sad that people who are work in the finance industry and/or who own stocks make a fortune from ultra-loose financial conditions, while the world's poor are fighting double-digit annual percentage increases in the food they need to survive.
If anyone needs an example of a short idea that has been working in the last 3 months, related to the inflationary effects of ultra-loose financial conditions - just look at a ratio chart of ($XAL or FAA) against $SPX.