Stock Market at it's highest level in over 6 years
- Thread starter ntdz
- Start date
It's mostly from GM's rise today.
Think about it, ntdz, for once. PLEASE do some critical thinking for once.
Yields keep rising, precious metals keep rising, oil rising, inflation rising and yet the stock market is going up, too? Doesn't make sense.
Think about it, ntdz, for once. PLEASE do some critical thinking for once.
Yields keep rising, precious metals keep rising, oil rising, inflation rising and yet the stock market is going up, too? Doesn't make sense.
Yes NTDZ do some "critical" thinking for once. Everything in the world is automatically bad, and if it isnt on the surface there surely is something underneath that is bad we can piss and moan about.
Stunt
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GM has been on a decline for 6 years, this jump is NOT from GM.
Dividend yields are higher because of higher profits and companies beating estimates. It is quite clear the American economy is doing well with lots of investment in infrastructure and high tech. Inflation is not as high as it has been recently and the American economy is flexable enough to absorb a slowly increasing oil price. Precious metals have no bearing on construction or anything *real* in the economy, other than some who use as a hedge against the US dollar.
A lower dollar makes US manufacturing and production more attractive. I know Canada's manufacturing is suffering a lot with the increasing dollar here.
Get your head out of the sand already. Not sure how many times I'm going to have to say this. After hours trading anyone?
Google First-Quarter Profit rose 60 percent, Shares Rise
OrganizedChaos
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Engineer
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IMO, the market has lagged real fundamentals over the last few years. Corporate profits have soared (Up 21% on average last year) driving P/E ratios steadily down. With the fed possibly at the end of it's multi-year rate hikes and nearly a trillion dollars on the sideline (per CNBC) waiting to be invested (not to mention money cooling from real estate and possibly moving to the equities markets), the market could be poised to make a very solid run over the short haul.
Nice to see the market moving again even if it is just catching up with itself from 2000 (of course, if you bought steadily during the entire period, you're doing quite well!
)
Nice to see the market moving again even if it is just catching up with itself from 2000 (of course, if you bought steadily during the entire period, you're doing quite well!
)What are you talking about? Get your own head about of the sand.
Why don't you do some critical thinking and maybe you'll realize the economy is doing pretty good.
Stunt
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Conjur, the current market cap of the US equities market is 110% of gdp; ~$13.5 trillion.
GM represents a $12.8 billion market cap. (after the rise)
Therefore GM makes up 0.095% of the market.
Edit: Google's rise of 1% represented more money on the market than GM's 10%.
And google is trading +8% in afterhours trading.
GM represents a $12.8 billion market cap. (after the rise)
Therefore GM makes up 0.095% of the market.
Edit: Google's rise of 1% represented more money on the market than GM's 10%.
And google is trading +8% in afterhours trading.
Engineer
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The Fed has signaled (through meeting minutes) that it might be slowing or stopping it's rate increases soon. This usually means that the Fed is confident in inflation and they don't want to slow the economy too much. Of course, rising energy prices and their effects on the general economy aren't fully known. Only time will tell on that one.
On the broader market for equities, decliners outpaced advancers by 17 to 15 on the New York Stock Exchange, and led by 16 to 13 on the Nasdaq.
Yeah...things are going GREAT!
:roll:
Yeah...things are going GREAT!
:roll:
Engineer
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GM was up over 10% today. The article eluded that it was the driving force behind the DOW's gains for "today" which, is what I think conjur meant.
From the article..
However, the general market, IMO, is poised and due for this "correction" to the upside based on strong earnings/profit growth over the last few years, especially the 21% from last year!
Stunt
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Google's rise of 1% represented more money on the market than GM's 10%.Originally posted by: Engineer
GM was up over 10% today. The article eluded that it was the driving force behind the DOW's gains for "today" which, is what I think conjur meant.
From the article..
However, the general market, IMO, is poised and due for this "correction" to the upside based on strong earnings/profit growth over the last few years, especially the 21% from last year!
And google is trading +8% in afterhours trading.
The GM story is just patriotic spin for a horrible company.
Only conjur would try to act like the market is in bad shape WHEN ITS AT A SIX YEAR HIGH. O.M.G. would you just shut up and accept it? Why do you have to try to show negatives in everything?
Stunt
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Was kidding, anyhow was just giving you the typical doom n gloom response that you should be accustomed to by now. Nevertheless, the market is doing quite well imho even in light of higher commodities and interest fears. Hopefully, the train keeps a moving.
Stunt
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