As I've believed for some time now......many "companies' earnings are a "mirage," fueled more by low interest rates than strong management." Companies are still sitting on large cash reserves because they don't feel comfortable with what's going on in the country......therefore, they are not expanding, investing in growing their own companies....they are simply coasting. They need something to make them feel positive about the direction of the country. The feds can't keep propping up the stock market forever. "NEW YORK U.S. stocks dropped to session lows in afternoon action Monday after bearish comments on the market from well-known investor Carl Icahn, leaving the Dow industrials below 16,000 and with its gains erased. Icahn reportedly said he is "very cautious" on equities, and the market could have a "big drop." He also said many companies' earnings are a "mirage," fueled more by low interest rates than strong management." http://www.reuters.com/article/2013/11/18/us-investment-summit-icahn-idUSBRE9AH11720131118
I'm sure a lot of that is true. Every time the fed acts like it might start tapering the market goes down...having said that a lot of American companies get most of their earnings from overseas...but yes eventually it will go down. Stocks move 3 ways up, down and sideways. Not a new phenomenon.
The reason there hasn't been a huge drop is because the government is propping everything up. Obama has done nothing for real progress to take place.
Well I will say Obama has the unique distinction of picking the worst possible candidate for a job...in this case Yellen.
Exactly. Its all monopoly money, with no where else to go. Obama is all smoke and mirrors, and his economy a house of cards. Obamanomics. All a ruse.
Lol, based on your guys track record of predicting things... it's probably time to put more money in to the stock market. How's that gold going for you?
Nothing wrong at all. Just like nothing wrong holding some stocks. I however would rather have been holding stocks the past year than gold. Gold owners have taken a beating. I was told by them all it was going to go to $3,000... lol.
Careful you are going to going to induce a rant about gold bugs followed by the random Lol and being told he would teach you but you wouldnt understand. Throw in the random "blogsphere" perhaps mention the right-wing lol again and move on...
Talking physical gold not paper gold. Maybe like my brother, you think it will go to $50. Plus remember it ain't over yet.
Talking physical gold myself. I don't think it will go to $50. But anyone who has bought gold in the past year has taken a blood bath.
But see if you have physical gold it doesn't matter. It's not the price, it's having it for a possible need to barter, same as silver. I have both plus guns, food and ammo.
Beats the (*)(*)(*)(*) out of "Yes we can". I wanna see Obama knee-pads buy a can of beans .............. cause they won't
The stock market is due for a correction, but, like Icahn, there is a lot of fear, too much for a real bear market to be likely. By the way, the article quoted by the OP was 11 days old, the S&P 500 closed at 1805.81 Friday, and Apple closed at $556.07. The next bear market will be caused by something that is not even on anyone's radar screen, but comes out of left field.
Gotta love these ironic statements from the Right! Unlike our decade of Republican-nomics that cut stock market in HALF!
And this might be the first indication that the stock market will tank again... Holiday Sales Down. Thanks Obama!
Facts are facts. Pumping up the stock market with voodoo economics is a dangerous thing. Just like the dems destroying the housing market by trying to make housing "affordable".
Not that I'm complaining, but the market is way over-valued and is long overdue for a correction. This might help contribute to one: $3 trillion headache on the way for corporations http://finance.yahoo.com/news/3-trillion-headache-way-corporations-140000466.html
