Stock market hits record high

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#1 Posted by nocoolnamejim (15136 posts) -
The stock market hit a record high today.

Associated Press Link However, not all is rosy. Apparently, all of those huge amounts of corporate profits are going to the richest among us. [quote="Think Progress"] In fact, the richest 1 percent of Americans have captured 121 percent of the income gains achieved during the current recovery, meaning everyone else has actually lost ground in terms of income since the economy bottomed out.

Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that! But, apparently, Job Creators aren't creating jobs despite record profits because, well, they can make more money just keeping the extra worker productivity and working them harder. [quote="New York Times"] The path charted by United Technologies, an industrial giant based in Hartford that is one of 30 companies in the Dow, underscores why corporate profits and share prices continue to rise in a lackluster economy and a stagnant job market. Simply put, United Technologies does not need as many workers as it once did to churn out higher sales and profits. Right now, C.E.O.s are saying, I dont really need to hire because of the productivity gains of the last few years, said Robert E. Moritz, chairman of the accounting giant PricewaterhouseCoopers. At 218,300 employees, United Technologies work force is virtually unchanged from seven years ago, even though annual revenue soared to $57.7 billion in 2012 from $42.7 billion in 2005. The relentless focus on maintaining margins continues, even though profit and revenue have never been higher; four days after the companys shares soared past $90 to a record high last month, United Technologies confirmed it would eliminate an additional 3,000 workers this year, on top of 4,000 let go in 2012 as part a broader restructuring effort.

Trickle down economics at work? More like trickle down onto your heads. Discuss.
#2 Posted by Storm_Marine (11575 posts) -

The stock market hit a record high today.

 Apparently, all of those huge amounts of corporate profits are going to the richest among us. trickle down economics at work? More like trickle down onto your heads. Discuss. nocoolnamejim

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

#3 Posted by Lockedge (16794 posts) -
I've never understood why people trusted business to create more jobs if they had more money. They're not charities. Rich people stay rich for a reason...they're cheap when they can afford to be. Why pay workers more, why hire more workers, when you're pushing your current workforce hard and increasing productivity and meeting your standards of production at a more affordable cost? Why hire more for a decent wage when the demand for jobs is so high that people are so desperate that they'll take work for a fraction of what the pay used to be. Doesn't make sense. Anyone who thinks that actually happens is a fool, and I really hope they're in the upper income brackets, because otherwise, they're going to be in for a rude awakening if they ever have to go job hunting. It's not fun out there.
#4 Posted by DroidPhysX (17093 posts) -
Corporations receiving large sums of money through tax cuts have no incentive to hire when the demand isn't there. This shouldn't be hard to understand.
#5 Posted by nocoolnamejim (15136 posts) -

[QUOTE="nocoolnamejim"]The stock market hit a record high today.

 Apparently, all of those huge amounts of corporate profits are going to the richest among us. trickle down economics at work? More like trickle down onto your heads. Discuss. Storm_Marine

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

I'd recommend "Statistics for Dummies" for you. Start with the section that talks about sample sizes. It'll help you understand that a sample size of 1 person (you) is not statistically viable in a nation of over 300 million.
#6 Posted by Netherscourge (16328 posts) -

So the rich are getting richer, but yet, they don't want to pay extra taxes to help the economy get better.

 

Got it.

#7 Posted by Storm_Marine (11575 posts) -

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"]The stock market hit a record high today.

 Apparently, all of those huge amounts of corporate profits are going to the richest among us. trickle down economics at work? More like trickle down onto your heads. Discuss. nocoolnamejim

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

I'd recommend "Statistics for Dummies" for you. Start with the section that talks about sample sizes. It'll help you understand that a sample size of 1 person (you) is not statistically viable in a nation of over 300 million.

Clearly I'm doing something smart then. If the rest of the 99% is doing so crappy.

#8 Posted by DaBrainz (7687 posts) -
Democratic corporatism at its finest.
#9 Posted by Lockedge (16794 posts) -
[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"]The stock market hit a record high today.

 Apparently, all of those huge amounts of corporate profits are going to the richest among us. trickle down economics at work? More like trickle down onto your heads. Discuss. nocoolnamejim

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

I'd recommend "Statistics for Dummies" for you. Start with the section that talks about sample sizes. It'll help you understand that a sample size of 1 person (you) is not statistically viable in a nation of over 300 million.

Also, most people in lower income brackets can't afford to invest, because they have to spend all of their money to pay their bills, pay for food, etc.
#10 Posted by Lockedge (16794 posts) -

So the rich are getting richer, but yet, they don't want to pay extra taxes to help the economy get better.

 

Got it.

Netherscourge
It's a bit odd, eh? They're making all these profits, but if the government increases taxes, or does away with tax cuts, they threaten to have to lay off more workers, or that they won't be able to hire anymore. Well, they're not hiring anyway, and eventually, if they lay more off, they could wind up with a toxic corporate culture and turnover could be rather costly...
#11 Posted by Slow_Show (2153 posts) -

The issue isn't so much that these corporations are making record profits with a more efficient workforce, it's that they're making these record profits and then just sitting on them instead of reinvesting or simply returning the cash to stockholders. At this rate it seems like the only solution would be to start taxing retained earnings at some ludicrous rate (which would have the added bonus of probably solving the deficit issue, too). 

#12 Posted by nocoolnamejim (15136 posts) -

[QUOTE="nocoolnamejim"][QUOTE="Storm_Marine"]

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

Storm_Marine

I'd recommend "Statistics for Dummies" for you. Start with the section that talks about sample sizes. It'll help you understand that a sample size of 1 person (you) is not statistically viable in a nation of over 300 million.

Clearly I'm doing something right then.

Congrats. You've successfully bragged about your portfolio and dodged any sort of substantive reply to the points in my original post. 1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? Your posts have dodged every one of these questions from the original post.
#13 Posted by Storm_Marine (11575 posts) -

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"] I'd recommend "Statistics for Dummies" for you. Start with the section that talks about sample sizes. It'll help you understand that a sample size of 1 person (you) is not statistically viable in a nation of over 300 million. nocoolnamejim

Clearly I'm doing something right then.

Congrats. You've successfully bragged about your portfolio and dodged any sort of substantive reply to the points in my original post. 1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? Your posts have dodged every one of these questions from the original post.

Lol, trying to bait me into an Obama discussion. Nice try.

#14 Posted by nocoolnamejim (15136 posts) -

[QUOTE="nocoolnamejim"][QUOTE="Storm_Marine"]

Clearly I'm doing something right then.

Storm_Marine

Congrats. You've successfully bragged about your portfolio and dodged any sort of substantive reply to the points in my original post. 1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? Your posts have dodged every one of these questions from the original post.

Lol, trying to bait me into an Obama discussion. Nice try.

You're in this thread, and that's what this thread is about. Not my fault if you can't rebut any of those points with anything other than anecdotal "hey, my stock portfolio is doing fine".
#15 Posted by Storm_Marine (11575 posts) -

Are high American profits even what's pushing the market up in the first place?

#16 Posted by Storm_Marine (11575 posts) -

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"] Congrats. You've successfully bragged about your portfolio and dodged any sort of substantive reply to the points in my original post. 1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? Your posts have dodged every one of these questions from the original post.nocoolnamejim

Lol, trying to bait me into an Obama discussion. Nice try.

You're in this thread, and that's what this thread is about. Not my fault if you can't rebut any of those points with anything other than anecdotal "hey, my stock portfolio is doing fine".

The news article is about the stock market, can we not have a casual discussion about our personal experience in it without getting all upset about Obama and politics?

You seem upset.... Did you pull out of the market a few months ago or something?? :(

#17 Posted by nocoolnamejim (15136 posts) -

Are high American profits even what's pushing the market up in the first place?

Storm_Marine
Record Profits Seems a pretty safe assumption given that American Profits are at all-time highs.
#18 Posted by Storm_Marine (11575 posts) -

[QUOTE="Storm_Marine"]

Are high American profits even what's pushing the market up in the first place?

nocoolnamejim

Record Profits Seems a pretty safe assumption given that American Profits are at all-time highs.

And I was worried it was all just hype, good to see there are some strong earnings to back it up!

#19 Posted by KC_Hokie (16099 posts) -

Stock market is inflated due to Federal Reserve throwing $40 billion a month at the economy driving interest rates to record lows.

Bull market has never lasted this long. Interest rates have never been this low for this long. It's an artificial bubble.

#20 Posted by nocoolnamejim (15136 posts) -

[QUOTE="nocoolnamejim"][QUOTE="Storm_Marine"]

Lol, trying to bait me into an Obama discussion. Nice try.

Storm_Marine

You're in this thread, and that's what this thread is about. Not my fault if you can't rebut any of those points with anything other than anecdotal "hey, my stock portfolio is doing fine".

The news article is about the stock market, can we not have a casual discussion about our personal experience in it without getting all upset about Obama and politics?

You seem upset.... Did you pull out of the market a few months ago or something?? :(

Nope. But you seem determined to try and avoid discussing the actual subjects of my thread. [quote="The guy who knows what the topic of his own thread is"] Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that!

Sorry Storm...but you couldn't find my sensitive spots if I gave you a century to do it. I know you'd prefer to continue trying to dodge the proof that Obama and Democrats aren't crushing corporate America and Capitalism, but I'm not going to let you derail the thread. I've given you three questions. Address them please. [quote="nocoolnamejim"] 1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever?

#21 Posted by Storm_Marine (11575 posts) -

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"] You're in this thread, and that's what this thread is about. Not my fault if you can't rebut any of those points with anything other than anecdotal "hey, my stock portfolio is doing fine".nocoolnamejim

The news article is about the stock market, can we not have a casual discussion about our personal experience in it without getting all upset about Obama and politics?

You seem upset.... Did you pull out of the market a few months ago or something?? :(

Nope. But you seem determined to try and avoid discussing the actual subjects of my thread.
Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that! The guy who knows what the topic of his own thread is
Sorry Storm...but you couldn't find my sensitive spots if I gave you a century to do it. I know you'd prefer to continue trying to dodge the proof that Obama and Democrats aren't crushing corporate America and Capitalism, but I'm not going to let you derail the thread. I've given you three questions. Address them please.
1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? nocoolnamejim

what is this? School?

#22 Posted by Storm_Marine (11575 posts) -

If I write a 5 page essay on how we should tax the hell out of everyone and use that money to build roads and bridges will I get full marks professor?

#23 Posted by tocool340 (20580 posts) -
And yet, no one but the rich will profit from it...
#24 Posted by Storm_Marine (11575 posts) -

And yet, no one but the rich will profit from it...tocool340

I must be the 1% then.

#25 Posted by Zlurodirom (744 posts) -

My investments are near their all time high, just like Storm Marine. Our anecdotal evidence clearly is superior to stratified statistical sampling, randomized sampling, or quadrant sampling that is performed in those articles.

#26 Posted by nocoolnamejim (15136 posts) -

[QUOTE="nocoolnamejim"][QUOTE="Storm_Marine"]

The news article is about the stock market, can we not have a casual discussion about our personal experience in it without getting all upset about Obama and politics?

You seem upset.... Did you pull out of the market a few months ago or something?? :(

Storm_Marine

Nope. But you seem determined to try and avoid discussing the actual subjects of my thread.
Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that! The guy who knows what the topic of his own thread is
Sorry Storm...but you couldn't find my sensitive spots if I gave you a century to do it. I know you'd prefer to continue trying to dodge the proof that Obama and Democrats aren't crushing corporate America and Capitalism, but I'm not going to let you derail the thread. I've given you three questions. Address them please.
1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? nocoolnamejim

what is this? School?

No. A thread you're voluntarily participating in. The price for participation is addressing the topic of the thread.
#27 Posted by Yusuke420 (2793 posts) -

If I write a 5 page essay on how we should tax the hell out of everyone and use that money to build roads and bridges will I get full marks professor?

Storm_Marine

Stop being passive agressive and answer the TC's questions. It's not that hard to actually comtribute to a topic, I'll demostrate for you since you seem to be one of those people that need a good example to follow. 

It's not surprising the stock market is booming, but there's another crash on the horizon because instead of bad housing debt, it's ba student loan debt that the fat cats are packaging and selling at a high profit. This bubble will pop soon enough and that will be when the real investment opprotunities will begin. 

#28 Posted by Storm_Marine (11575 posts) -

My investments are near their all time high, just like Storm Marine.

Zlurodirom

Hello fellow One Percenter!

#29 Posted by Serraph105 (28302 posts) -

 

The stock market hit a record high today. nocoolnamejim

Great! Now that the people at the top are clearly happy due to being richer than ever that trickle down theory will really kick in in the form of a lot more jobs, and.....

 But, apparently, Job Creators aren't creating jobs despite record profits because, well, they can make more money just keeping the extra worker productivity and working them harder. nocoolnamejim

oh-okay-thumb.jpg

damn

#30 Posted by Storm_Marine (11575 posts) -

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"] Nope. But you seem determined to try and avoid discussing the actual subjects of my thread. [quote="The guy who knows what the topic of his own thread is"] Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that! nocoolnamejim

Sorry Storm...but you couldn't find my sensitive spots if I gave you a century to do it. I know you'd prefer to continue trying to dodge the proof that Obama and Democrats aren't crushing corporate America and Capitalism, but I'm not going to let you derail the thread. I've given you three questions. Address them please.
1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? nocoolnamejim

what is this? School?

No. A thread you're voluntarily participating in. The price for participation is addressing the topic of the thread.

The topic is the stock market, you wrapping it up with political flamebait doesn't change that.

#31 Posted by jimkabrhel (15422 posts) -

We need to remove that crazy socialist Presi... wait a minute...

#32 Posted by KC_Hokie (16099 posts) -

We need to remove that crazy socialist Presi... what a minute...

jimkabrhel
He doesn't control the Federal Reserve and all the quantitative easing.
#33 Posted by nocoolnamejim (15136 posts) -

The topic is the stock market, you wrapping it up with political flamebait doesn't change that.

Storm_Marine
[QUOTE="nocoolnamejim"] Nope. But you seem determined to try and avoid discussing the actual subjects of my thread. [quote="The guy who knows what the topic of his own thread is"] Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that!

Sorry Storm...but you couldn't find my sensitive spots if I gave you a century to do it. I know you'd prefer to continue trying to dodge the proof that Obama and Democrats aren't crushing corporate America and Capitalism, but I'm not going to let you derail the thread. I've given you three questions. Address them please. [quote="nocoolnamejim"] 1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever?

That's been stated and responded to previously. If your next post isn't on-topic and non-disruptive I'll remove you from the thread so that those of us who want to participate in it can.
#34 Posted by Zlurodirom (744 posts) -

[QUOTE="Zlurodirom"]

My investments are near their all time high, just like Storm Marine.

Storm_Marine

Hello fellow One Percenter!

If I am the 1% I feel terrible for the bottom 99%, I don't even have a car.

P.S thanks for taking my statement out of context!

P.P.S I recalculated, I am in fact at an all time high.

#35 Posted by jimkabrhel (15422 posts) -

[QUOTE="jimkabrhel"]

We need to remove that crazy socialist Presi... what a minute...

KC_Hokie

He doesn't control the Federal Reserve and all the quantitative easing.

He's also not a socialist. 

#37 Posted by nocoolnamejim (15136 posts) -
[This message was deleted at the request of a moderator or administrator]Storm_Marine
It is.
#38 Posted by KC_Hokie (16099 posts) -

[QUOTE="KC_Hokie"][QUOTE="jimkabrhel"]

We need to remove that crazy socialist Presi... what a minute...

jimkabrhel

He doesn't control the Federal Reserve and all the quantitative easing.

He's also not a socialist. 

He has nothing to do with the stock market which is the topic.
#39 Posted by nocoolnamejim (15136 posts) -
[QUOTE="jimkabrhel"]

[QUOTE="KC_Hokie"] He doesn't control the Federal Reserve and all the quantitative easing. KC_Hokie

He's also not a socialist. 

He has nothing to do with the stock market which is the topic.

Stock market is only part of the topic. The question is asked in the original post how the stock market and private enterprise can be performing so well if Obama and the Democrats are pursuing socialist policies that attack the rich and punish success.
#41 Posted by Storm_Marine (11575 posts) -

[QUOTE="KC_Hokie"][QUOTE="jimkabrhel"]

He's also not a socialist. 

nocoolnamejim

He has nothing to do with the stock market which is the topic.

Stock market is only part of the topic. The question is asked in the original post how the stock market and private enterprise can be performing so well if Obama and the Democrats are pursuing socialist policies that attack the rich and punish success.

so you admit it's part of the topic?

#42 Posted by Yusuke420 (2793 posts) -

Why were the rich complaing about paying more taxes again?

#43 Posted by KC_Hokie (16099 posts) -

[QUOTE="KC_Hokie"][QUOTE="jimkabrhel"]

He's also not a socialist. 

nocoolnamejim

He has nothing to do with the stock market which is the topic.

Stock market is only part of the topic. The question is asked in the original post how the stock market and private enterprise can be performing so well if Obama and the Democrats are pursuing socialist policies that attack the rich and punish success.

Federal Reserve is on to quantitative easing #3 pumping $40 billion into mortgage-backed securities causing this stock bubble.

Policies of President are dwarfed by the Fed.

#44 Posted by nocoolnamejim (15136 posts) -

[QUOTE="nocoolnamejim"][QUOTE="KC_Hokie"] He has nothing to do with the stock market which is the topic.KC_Hokie

Stock market is only part of the topic. The question is asked in the original post how the stock market and private enterprise can be performing so well if Obama and the Democrats are pursuing socialist policies that attack the rich and punish success.

Federal Reserve is on to quantitative easing #3 pumping $40 billion into mortgage-backed securities causing this stock bubble.

Policies of President are dwarfed by the Fed.

$40 billion into an economy of our size isn't a lot. Are you saying $40 billion per month? Can you give me a link?
#45 Posted by KC_Hokie (16099 posts) -

[QUOTE="KC_Hokie"]

[QUOTE="nocoolnamejim"] Stock market is only part of the topic. The question is asked in the original post how the stock market and private enterprise can be performing so well if Obama and the Democrats are pursuing socialist policies that attack the rich and punish success.nocoolnamejim

Federal Reserve is on to quantitative easing #3 pumping $40 billion into mortgage-backed securities causing this stock bubble.

Policies of President are dwarfed by the Fed.

$40 billion into an economy of our size isn't a lot. Are you saying $40 billion per month? Can you give me a link?

It's a significant increase every month which keeps interest rates at historic lows creating this artificial bull market which is over due for correction.

http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm

#47 Posted by nocoolnamejim (15136 posts) -

[QUOTE="nocoolnamejim"][QUOTE="KC_Hokie"] Federal Reserve is on to quantitative easing #3 pumping $40 billion into mortgage-backed securities causing this stock bubble.

Policies of President are dwarfed by the Fed.

KC_Hokie

$40 billion into an economy of our size isn't a lot. Are you saying $40 billion per month? Can you give me a link?

It's a significant increase every month which keeps interest rates at historic lows creating this artificial bull market which is over due for correction.

http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm

Interesting. Why do you think it is overdue for a correction? After all, stock market is based largely on the expectation of future earnings. You're betting against the consensus of the market, including a lot of pretty smart people, in saying that we're due for a crash. I'm not saying you're wrong since this is probably a bit over my head at this point, but I haven't read a lot of news articles warning about the possibility of an upcoming crash. If anything, the consensus view seems to be pretty rosy at the moment.
#48 Posted by comp_atkins (31609 posts) -

.

thanks-obama-01.gif

#49 Posted by KC_Hokie (16099 posts) -

[QUOTE="KC_Hokie"]

[QUOTE="nocoolnamejim"] $40 billion into an economy of our size isn't a lot. Are you saying $40 billion per month? Can you give me a link?nocoolnamejim

It's a significant increase every month which keeps interest rates at historic lows creating this artificial bull market which is over due for correction.

http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm

Interesting. Why do you think it is overdue for a correction? After all, stock market is based largely on the expectation of future earnings. You're betting against the consensus of the market, including a lot of pretty smart people, in saying that we're due for a crash. I'm not saying you're wrong since this is probably a bit over my head at this point, but I haven't read a lot of news articles warning about the possibility of an upcoming crash. If anything, the consensus view seems to be pretty rosy at the moment.

Economy in terms of GDP, employment, etc. is stagnant. Ditto with the Eurozone and Japan. China, Brazil, India are flat.

People put their money into stocks because there was no where else to put your money when interest rates are so slow with precious metals hitting records.

The Federal Reserve has created an investor bubble in the stock market because of their quantitative easing policies. And the economic indicators simply don't support the notion the worldwide economy will continue to grow.

#50 Posted by Serraph105 (28302 posts) -
[QUOTE="KC_Hokie"]

[QUOTE="nocoolnamejim"] $40 billion into an economy of our size isn't a lot. Are you saying $40 billion per month? Can you give me a link?nocoolnamejim

It's a significant increase every month which keeps interest rates at historic lows creating this artificial bull market which is over due for correction.

http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm

Interesting. Why do you think it is overdue for a correction? After all, stock market is based largely on the expectation of future earnings. You're betting against the consensus of the market, including a lot of pretty smart people, in saying that we're due for a crash. I'm not saying you're wrong since this is probably a bit over my head at this point, but I haven't read a lot of news articles warning about the possibility of an upcoming crash. If anything, the consensus view seems to be pretty rosy at the moment.

just seems that the rosy view will not be manifesting in the form of new jobs.