Stock market closes above 16000

[Native Floridian]

Right now the market is banging on all eight cylinders.

If nothing else it shows investors confidence in the economy as well as the stock markets.

 

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[Treasure_Hunter]

Tell that to all the people on unemployment or who have had their hours cut......

We will NOT go quitely into the night!

 

[UncleMatt]

Those people could all be working TODAY if companies would simply use the many trillions they are sitting on in cash right now to put people back to work. They claim they need lower taxes to hire, but they already have HUGE mountains of cash! Why do they need yet another trillion before they start hiring? What is the "magic number" they need to hold in cash, just so we know up front?

 

[TheRingFinder]

The only one with Mountains of cash is the Government, oh wait, that's mountains of Debt - - - Of our money!!! Great Job!!!!

Nice to see the stock market up - Just wish I had a bunch of dough in there, so i could reap the benefits!

 

[Native Floridian]

I don't have to tell it to anyone. The market is a real time indicator of our economic health. That it is reaching new highs is indicative of not only our health but of our confidence in the future.

During the last 81 years we've had Depression, recession, world war, assassination, impeachment, Nuclear showdown, terrorist attacks, and mortgage meltdown. Everytime the market has gone down, it has come back and gone higher.

The thought process that defies that history, a history that has seen the Dow Jones industrial average climb from 32 to over 16000, keeps people from participating in one of this country's greatest wealth generating engines.

BTW, insurance companies, that according to obamacare detractors are supposed to be out of business within the next year, doing well too!

 

[TheRingFinder]

I don't have to tell it to anyone. The market is a real time indicator of our economic health. That it is reaching new highs is indicative of not only our health but of our confidence in the future.

During the last 81 years we've had Depression, recession, world war, assassination, impeachment, Nuclear showdown, terrorist attacks, and mortgage meltdown. Everytime the market has gone down, it has come back and gone higher.

The thought process that defies that history, a history that has seen the Dow Jones industrial average climb from 32 to over 16000, keeps people from participating in one of this country's greatest wealth generating engines.

BTW, insurance companies, that according to obamacare detractors, are supposed to be out of business with the next year, doing well too!

This might help you - https://online.hillsdale.edu/econ101 < - It's a free course in economics. Your Welcome.

 

[Treasure_Hunter]

I don't have to tell it to anyone. The market is a real time indicator of our economic health. That it is reaching new highs is indicative of not only our health but of our confidence in the future.

During the last 81 years we've had Depression, recession, world war, assassination, impeachment, Nuclear showdown, terrorist attacks, and mortgage meltdown. Everytime the market has gone down, it has come back and gone higher.

The thought process that defies that history, a history that has seen the Dow Jones industrial average climb from 32 to over 16000, keeps people from participating in one of this country's greatest wealth generating engines.

BTW, insurance companies, that according to obamacare detractors are supposed to be out of business within the next year, doing well too!

Tell me something, what was the market doing just before the crash of 1929? What was it doing just before every major correction....

 

[Native Floridian]

This might help you - https://online.hillsdale.edu/econ101 < - It's a free course in economics. Your Welcome.

The "Loser's Bracket" speaks!

 

[Native Floridian]

Tell me something, what was the market doing just before the crash of 1929? What was it doing just before every major correction....

And what has it done after every crash and downturn? Gone to record new highs!

What next? Someone going to tell me OPEC lowered oil prices in 2008 because they were afraid of us?

 

[Treasure_Hunter]

How long after 1929 did it take to return? What did they call the period after 1929?

We will NOT go quitely into the night!

 

[UncleMatt]

The only one with Mountains of cash is the Government!

U.S. Companies Stashing More Cash Abroad As Stockpiles Hit Record $1.45T - Forbes

Companies sitting on cash pile of over $1 trillion

US Employers Sit on Huge Piles of Cash - ABC News

Why Are Corporations Holding So Much Cash?

 

[UncleMatt]

This might help you - https://online.hillsdale.edu/econ101 < - It's a free course in economics. Your Welcome.

What kind of education do you have in economics? Any upper level econ courses from accredited universities? just curious...

 

[Treasure_Hunter]

Sounds like your asking or implying a member doesn't have the education to understand economics which violates our rules.



We will NOT go quitely into the night!

 

[Native Floridian]

How long after 1929 did it take to return? What did they call the period after 1929?

We will NOT go quitely into the night!

How long did it take to come back after 87, 89, 2001, and 2008?

I believe that is the relevant time frame for anyone reading this thread.

Warren Buffet invested in stocks throughout this time period. Warren Buffet is rich!

That people didn't invest in stocks over this time frame neatly explains why they are not rich.

 

[ken(Toronto)]

Here's the puzzle:

The US is is tremendous debt; but so is the EU countries,S America,..etc.........everybody is in debt. So who has the money?

On the other hand, if every country owes every country $zillions of debt, why does it matter? The world will continue to function, no?

 

[Native Floridian]

Here's the puzzle:

The US is is tremendous debt; but so is the EU countries,S America,..etc.........everybody is in debt. So who has the money?

On the other hand, if every country owes every country $zillions of debt, why does it matter? The world will continue to function, no?

AS long as everyone continues to pay the interest on their debt life is good.

A pick up of GDP can bail out everyone of these countries. Though none need a bailout.

An interesting point here is the fact that everyone uses credit. That is, all countries borrow. it is what made the 2008 credit meltdown so insidious.

Many don't get that - without properly functioning bond markets, the good life, as we know it, goes way!

 

[dejapooh]

There are many possible explanations of the stock market. There is confidence in the economy right now (may last, may not). One I find interesting is the fact that there is almost no where else to invest and get any kind of return. If you put money into Government bonds, muni bonds, corp. bonds, etc, your return is just about 0 when taking into account risk and inflation. This is a product of Quantitative easing (printing a shipload of money in order to add liquidity to the banking system), and the Fed buying nearly all long term debt available. With no safe place to park money and get a return, you go to the stock market. You increase risk, but you get a return on your money. As the fed starts to taper off buying long term debt, more safe debt will become available and this will draw some of the foam off of the bubbly market. It is a delicate balancing act. If they taper too quickly, they will ruin the recovery. If they taper too slowly, they risk a return of inflation. Personally, I think they are hitting it just about right...