Stock market Hits Record High!
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  1. #1
    Join Date
    Sep 2002
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    2,704

    Stock market Hits Record High!

    http://www.bloomberg.com/news/2013-0...-jobs-ecb.html Stock market hits new highs after jobs report!

  2. #2
    Join Date
    Feb 2009
    Location
    Canada
    Posts
    6,876
    Seems investors have some faith in the economy.
    Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain

  3. #3
    Join Date
    Jan 2001
    Posts
    7,357
    9:14.....pm

    Im going to shower then shave then go to bed.

    Weedeated and mowed some this evening..... not as much as I should of..... but as much as I could.

    Gonna rain tomorrow...... I just hope I can get myself loosened up in the morning in time to get out there and hit it again...

    Normally start about 11 to give the grass time to dry out from the dew... but I really need to start weedeating by about 9 or so...
    "Maybe I am a welfares queen"

    Cliven Bundy.... Patriot ???

    He actually said that

  4. #4
    Join Date
    Mar 2009
    Location
    Spokane WA
    Posts
    297
    Please remember this is all based on the FIAT dollar. Do yourself a favor and invest about 10% of your portfolio in physical Silver or Gold. You need the metal In your hands. The SLV and GLD certificates are only as good as the FIAT dollar!! Real precious metal will always be worth barter for something that you need to survive. Oh, and BTW, buy some bullets... wink... If you can find them..
    They that can give up essential liberty to obtain a little temporary safety deserve neither safety nor liberty.
    Benjamin Franklin

  5. #5
    Join Date
    Sep 2002
    Posts
    2,704
    It is built on company earnings,who are reporting now,The EU starting to come to their senses,and taking the right steps to make a turnaround,Housing turning,the jobs numbers plus the revisions of pervious months.And since silver is used in industrial applications it is not a hedge to your doomsday.Anyone who bought gold in the last few months is down big!

  6. #6
    Join Date
    Mar 2009
    Location
    Spokane WA
    Posts
    297
    Think what you like. Above the ground silver quantities are going down on a regular basis and FIAT currency has proven to fail every time! It is based on nothing.
    They that can give up essential liberty to obtain a little temporary safety deserve neither safety nor liberty.
    Benjamin Franklin

  7. #7
    Join Date
    Dec 2005
    Posts
    3,924
    Gold prices were driven up by speculators and doom and gloomers. The speculators made their money and many have left. There aren't enough doom and gloomers to sustain the price and thats why it dropped and will probably continue to.

  8. #8
    Join Date
    May 2007
    Location
    Atlanta area
    Posts
    2,475
    The two faces of inflation for savers and borrowers

    By Clark Howard (Consumer Advisor)

    Savers are getting the short end of the stick while it remains a borrower's paradise thanks to low inflation and the Federal Reserve's refusal to raise interest rates.

    Normally, a serious bout of inflation would result when you have massive federal budget deficits and the Federal Reserve essentially creating money out of thin air like we have. So far, however, there's not been any real inflation to speak of.

    Over the last year, wholesale prices (excluding food and energy) are only up 1.9%, while the consumer price index was up 1.5%. Both figures are still below the Federal Reserve's 2% inflation goal.

    The Fed, meanwhile, is keeping interest rates low in an effort to try to control unemployment. At its inception, the Fed's original mission was solely to create price stability. But over the years, it also became charged with the duty of doing what it could to help curtail joblessness.

    The Fed's latest move is a clear signal they'll keep inflating the economy to try to bring down unemployment, as it has historically done.

    So borrowing remains cheap and savers are essentially punished with low interest rates. Little wonder then that stocks are riding so high. With puny returns on savings and CDs, people are practically being driven back into the stock market!

    http://www.clarkhoward.com/news/clar...tock-mar/nFDx/
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  9. #9
    Join Date
    Sep 2002
    Posts
    2,704
    Wonder why he did not tell us? That in the 1930's we started out with a normal every day recession,one of the things that happend is they raised intrest too soon.Uncle Ben knows this very well,he was a student of the Great Depression.
    Last edited by coolperfect; 05-09-2013 at 08:18 PM.

  10. #10
    Join Date
    May 2007
    Location
    Atlanta area
    Posts
    2,475
    Gold bugs scatter
    http://www.futuresmag.com/2013/04/24/gold-bugs-scatter

    "Gold is off, S&Ps are up. Fund managers have to move money to performance."

    Gold has been slipping since 2011. With the Fed pumping billions into the economy every month and maintaining artificially low interest rates, the stock market is the only game in town. When the days of Quantitative Easing begin to disappear in the rear view mirror and interest rates begin to climb and Europe starts going into convulsions, gold will pick up where it left off, bonds will gain favor, and there will be a major correction in the stock market.

    There won't be any warning before the correction. Don't get caught with your pants down.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  11. #11
    Join Date
    May 2005
    Posts
    1,347
    i the money thats being printed that lowers the value of the dollar, were to come
    to a hault, what do u think would would happen to the stock market??
    Let's give nukes a chance.

  12. #12
    Join Date
    Sep 2002
    Posts
    2,704
    Nothing because the Fed policy is working!

  13. #13
    Join Date
    May 2007
    Location
    Atlanta area
    Posts
    2,475
    Stock prices would begin to stagnate. Investors will move their money into other markets. Rich people will move much of their money to safe havens. The rest of us will act like deer in the headlights.

    This is why the rich get richer and the poor get poorer. The rich jump out at the top of the wave and hold onto their assets. The poor and middle class get slammed back down by the market and then devastated by higher prices.

    Inflation is the wedge that drives the split between rich and poor.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

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