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Old 03-05-2013, 07:18 PM  
BigRedChief BigRedChief is offline
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Dow Jones hits record all time high

http://www.pbs.org/newshour/bb/busin...ets_03-05.html

Corporate profits at an all time high. Corporate profits up 117% under Obama.
http://www.drudge.com/news/163559/co...-all-time-high

http://www.bloomberg.com/news/2013-0...ma-policy.html
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Old 03-05-2013, 08:26 PM   #31
petegz28 petegz28 is offline
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Originally Posted by Johnny Vegas View Post
funny, it wasn't long ago the same libs were cursing the stock market in 2011 now its a sign of economic growth due to the success of wall street thanks to Obama.
And some kid who has no idea how the market works, who was just telling us the other night how he won't read a chart or a financial newspaper, is telling us what the Traders are doing and what not. I mean a kid in his early 20's that was talking about putting 50% of his money in large cap stocks...which shows he has no ****ing clue about investing.
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Old 03-05-2013, 08:27 PM   #32
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Originally Posted by petegz28 View Post
What we are saying is this: Arm yourself with the facts, some of which may be inconvenient to your stockbroker. Donít try to time the market by jumping in and back out when you think the peak has been hit. And by all means, imitate Warren Buffett and invest for the long term.

http://www.bloomberg.com/news/2013-0...vels-view.html
Read this, pete. You're selling right now because you think the peak has hit.
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Old 03-05-2013, 08:27 PM   #33
cosmo20002 cosmo20002 is offline
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Originally Posted by Johnny Vegas View Post
funny, it wasn't long ago the same libs were cursing the stock market in 2011 now its a sign of economic growth due to the success of wall street thanks to Obama.

Stock market--I curse you! What does that mean?
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Old 03-05-2013, 08:28 PM   #34
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You're a ****ing clueless clown that has no idea of what he speaks. Two nights ago you were telling KC Native and I how you won't even read a chart and now you're going to tell me what Traders are doing???

On top of that you made 3 assumptions in your post that are factually wrong, but ok. Stick to your books.
I don't need to read a chart to know that traders are buying, and that traders buy because people are confident of future earnings.
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Old 03-05-2013, 08:28 PM   #35
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Originally Posted by cosmo20002 View Post
Stock market--I curse you! What does that mean?
occupy wall street. obama increasing taxes on capital gains, to start with.
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Old 03-05-2013, 08:31 PM   #36
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Read this, pete. You're selling right now because you think the peak has hit.
WRONG, you ****ing ingorant little pimple.

#1. Very, very, very few can call the exact top or bottom

#2. Only a fool holds out for the top $

#3. I am "taking profits"...not liquidating my entire position

#4. You make money selling on the way up to dumb ****s like you and buying on the way down from dumb ****s like you who are selling

#5. You have no idea of what the **** you are talking about
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Old 03-05-2013, 08:31 PM   #37
cosmo20002 cosmo20002 is offline
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Originally Posted by petegz28 View Post
Pay attention, you might just learn something...

The stock market, in normal times a reliable proxy for an economyís health, reached record levels this week. And why not? Corporate profits are higher than ever. The housing market is springing back. Auto sales are on pace for the best year since 2007.

At the risk of sounding like party poopers, these arenít normal economic times and the stunning four-year rally, during which almost $10 trillion has been restored to U.S. equities, is both a welcome trend and a reason for worry. Individual investors who are tempted to join the party should take special care.

A rising stock market gives off a rosy glow, and not just because it makes investors richer. It enhances what economists call the wealth effect: When household worth goes up, consumers open their pocketbooks wider. The increase in demand for homes, cars and other big-ticket items in turn leads employers to hire, which lowers unemployment and further drives consumer confidence. Quarterly 401(k) statements reflect the robust stock market, keeping the virtuous cycle going.

Share price increases tend to feed on themselves because they coax more investors into buying. This is especially true of individual investors, many of whom steered clear of stocks after the 2008 financial crisis, and are now piling back in. In January, equity mutual funds, which cater to retail investors, registered an inflow of almost $38 billion, the highest amount in nine years, according to the Investment Company Institute, a trade group. The previous month, investors had pulled almost $31 billion out of these funds.

Illusory Market

Now for the warnings. A rising stock market can be an illusion. This one is soaring largely because other forces are at work (or not working at all) in the political economy. The most important is the failure of lawmakers to use fiscal policy to stimulate demand. The Federal Reserve has been forced to step in.

The central bankís aggressive bond-buying and record-low interest rates are forcing yield-hungry investors to buy stocks. At some point, the Fed will reverse course by selling assets and raising interest rates. In turn, that will give investors other options beyond stocks, potentially driving down share prices.

Then there are those booming corporate profits. They are less a reflection of a strong economy than an extremely weak job market. With unemployment at 7.9 percent, workers have little bargaining power, allowing companies to keep labor costs down and pass on more profits to shareholders. As a result, the share of corporate profits in the economy has reached new highs: At the end of 2011, after-tax profits stood at 11.7 percent of national income, the highest on record, going back to 1947.

At the same time, the share of labor income in the economy has been hovering around the lowest levels since the mid-1960s. This trend, too, could go into reverse if and when unemployment improves, putting workers in a better position to demand higher wages, crimping corporate profits and lowering share prices.

None of this is to say donít invest in stocks. Nor is it to say a bubble has formed, like the technology boom of the late 1990s and the housing-fueled run-up of the mid-2000s. The evidence may even point in the opposite direction on this score: The price-to-earnings ratio -- what it costs to buy a dollar of a companyís profit -- for stocks in the Standard & Poorís 500 Index is 16 percent below the level at the end of 2009.

The same goes for the Dow, which has more than doubled in four years, yet its valuation is 15 percent below the 20-year average. When adjusted for inflation, moreover, the Dow is still 9 percent below the previous all-time high hit on Oct. 9, 2007. In other words, stocks are still a bargain, historically speaking.

What we are saying is this: Arm yourself with the facts, some of which may be inconvenient to your stockbroker. Donít try to time the market by jumping in and back out when you think the peak has been hit. And by all means, imitate Warren Buffett and invest for the long term.

http://www.bloomberg.com/news/2013-0...vels-view.html
So, to sum up--
The strong stock market is based on a number of factors, some of which may change in the future, and such change would hurt the stock market.

So, how is this unique?
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Old 03-05-2013, 08:32 PM   #38
petegz28 petegz28 is offline
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I don't need to read a chart to know that traders are buying, and that traders buy because people are confident of future earnings.
Spoken like a true ****ing idiot. But that's okay because it's dumb ****s like you that make for easy money.
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Old 03-05-2013, 08:32 PM   #39
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Originally Posted by petegz28 View Post
And some kid who has no idea how the market works, who was just telling us the other night how he won't read a chart or a financial newspaper, is telling us what the Traders are doing and what not. I mean a kid in his early 20's that was talking about putting 50% of his money in large cap stocks...which shows he has no ****ing clue about investing.
you know it when people just use google to find arguments to use in debates such as this. I myself have a good chunk of money in stocks and it never began with putting 50% of my money into large cap stocks. Thankfully I had guidance from my grandfather on how to diversify my portfolio. Always preached never put all your eggs in one basket.
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Old 03-05-2013, 08:33 PM   #40
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Originally Posted by Johnny Vegas View Post
occupy wall street. obama increasing taxes on capital gains, to start with.
Neither of those things = "cursing the the stock market"
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Old 03-05-2013, 08:33 PM   #41
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Originally Posted by cosmo20002 View Post
So, to sum up--
The strong stock market is based on a number of factors, some of which may change in the future, and such change would hurt the stock market.

So, how is this unique?
The underlying fundamentals are weak. We are not seeing signs of a strengthening economy but more a market on Fed steroids. If we were seeing employment significantly increasing and the Fed backing off of their band-aids it would make for a better market fundamentaly.
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Old 03-05-2013, 08:34 PM   #42
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you know it when people just use google to find arguments to use in debates such as this. I myself have a good chunk of money in stocks and it never began with putting 50% of my money into large cap stocks. Thankfully I had guidance from my grandfather on how to diversify my portfolio. Always preached never put all your eggs in one basket.
Anyone who is in their 20's and is investing for the long term has no business putting that much money in large caps.
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Old 03-05-2013, 08:34 PM   #43
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Neither of those things = "cursing the the stock market"
lol thats your opinion.
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Old 03-05-2013, 08:37 PM   #44
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lol thats your opinion.
Well, I'm still not exactly sure what "cursing the stock market" means. You're saying that Obama wanted the stock market to crash?
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Old 03-05-2013, 08:37 PM   #45
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Neither of those things = "cursing the the stock market"
Uh yeah actually they are but ok, you obviously have no idea where your hated 1% makes a lot of their money
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