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Market Surge Is Misleading

April 1, 2013

Federal Reserve Chairman Ben Bernanke issued a not-so-gentle reminder last week in explaining the Federal Open Market Committee’s decision to stand pat, again, on artificially very low interest rates....

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Apr-01-13 6:49 AM

all false facade. just a matter of time before it crashes like never before.

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Apr-01-13 7:43 AM

So typical of people in this country. Good news on the market basically over the last 18 monhs, good news on the housing front, good news on energy, some good news on manufacturing, and yet knuckle heads like khulum are always doom and gloom. Yes it would be nice if unemployment rate was lower, but blame that on our dysfunctional government where every month, a new fiscal crisis exists because 2 sides can't agree on anything. All I know is my 401K has never looked better, as I am sure the same exists for most. Stop all of the negative talk, and just enjoy the ride for once.

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Apr-01-13 8:47 AM

we can only hope that khulum is correct--another lily dale moment.

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Apr-01-13 9:06 AM

The unemployment rate is always the last indicator to improve in a bad economy. Besides that, the only other talking point is that the housing market needs a little bit of scrutiny. Lots of devil in the details here!

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Apr-01-13 9:29 AM

I agree that in some ways it is misleading, but at least its back to the point it was before the fall.

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Apr-01-13 9:34 AM

so all the hype regarding the "all time highs" was a liberal farce?

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Apr-01-13 11:41 AM

I'm laughing - the paper that would easily constantly deride the Fed and Bernanke on a regular basis if they could is now trumpeting his words?

Weird. Even if the stock market is "misleading", saying an elephant is 1800 pounds when it is 2200 is misleading too. Fact of the matter is, the bull is out.

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Apr-01-13 11:42 AM

Sadly..quantitative easing (all 3) have moved the numbers into false territory. Having said that (no matter how you look at it) the market is back. It helps people's nest egg but far more important: The world (even China and Russia) is 1.) betting on the USA (and yes, Stocks are a form of gambling) and 2.) The US Dollar will remain as the World default currency.. Not bad from where we were in 2008. Dig that

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Apr-01-13 11:43 AM

At the worst, the wealthy shadowy hands are manipulating the market in order to cash out. The vast majority of the stock market is owned by the top 10% of our society.

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Apr-01-13 12:07 PM

@madman -

Your 401k is as secure as the economy it's based-on. Yes, corproations are making money hand-and-fist, but the money is not the result of growth. Companies have just been taking more and paying their workers less.

Does anyone think an economy with a very few wealthy and the rest doing poorly is healthy? How long until the companies can't play the money shifting game, and the economy goes into recession again?

Our growth is already pretty meager, and may be negative if poplation growth and inflation are taken into account.

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Apr-01-13 12:15 PM

On QE and the market -

Let's be honest here. QE has made CDs and bonds nearly worthless as investments. interest rates are near zero.

So the money flees to the market, where returns are higher ... as long as the economy doesn't tank. It looks good for now, but the sequester is having an impact and the ecnomy isn't growing on its own.

Let's see how that plays in the next few months. Based on the last few recessions (thank you Ronald Reagan), employment will never recover to pre-recession levels, and the recessios are now returning every 7 to 10 years. 2007 + 7 = 2014.

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Apr-01-13 1:23 PM

Can u say now is the time to stick it in the money market or precious metals or watch it vanish. It's really that simple. Happens every time. The boys run er up then take your money.

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Apr-01-13 2:28 PM


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Apr-01-13 9:52 PM

Gio did we just agree. Maybe a little bit. U gained my respect with your one line posts yesterday

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Apr-01-13 9:57 PM

Time will tell for my three disagrees you either have something to gain or you have nothing to loose. That's scallywags stock tip of the day.

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Apr-02-13 5:42 AM

DavidVA- I agree with you as far as CD's, Money Market funds and savings accounts not being practically worthless as investments. Bonds are a fiasco waiting to happen. Municipals due to future defaults by cities or states and U.S. Treasuries will be a BIG lser if interest rates start to rise and if you hold to maturity, you'll lose due to the inevitable inflation coming in the not too distant future. But blaming Reagan? Really! The Community Reinvestment Act came along under Clinton. That was the genesis of the housing bubble. And I'm not saying Clinton was the main cause. Most of the blame falls on the Congress as they set the rules.

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Apr-02-13 5:45 AM

I should have deleted not in the second line of my previous post.

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Apr-02-13 8:11 AM

scally--when I find a comment agreeable, I will agree. Your advice had merit.

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Apr-02-13 9:10 AM

@FedUpL8ly - There is only one cause of the mess we're in, and the government only did it as a favor to the well connected. Hint: it has nothing to do with the CRA.

We've given the rich and powerful the keys to the governement. They write our laws determine who pays taxes, and pass out the bacon. Not surprising: they keep most of it for themselves. So the trickle-down concept has now been shown to be the sham it always was.

There are no good options, but the best-bad option is large and sustained governement spending on things we need: infrastructure, renewable and non-depletable energy, and a beter electrical grid ... among others. In short, we need those jobs ... badly.

In turn, taxes on the rich need to go way up, with the special exemptions for unearned income going away first. <RANT>I work for a living, and I can't see why the wealthy get better tax treatment on the money their money earns than I do on the sweat on my brow.</RANT>

'nuf said

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Apr-02-13 12:54 PM

David - they have always had the keys. Nothing new under the sun. New government,old government, no government.

Idealists can't comprehend this. The government is made up of people - the same people who are in positions of high power, corporate power, low power. When low powered people empower themselves, they change the system. Unfortunately, low-powered people today feel the need to live in a dreamworld.

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Apr-02-13 4:45 PM

scally--5 of your pals didn't think your advice had merit....

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Apr-02-13 7:37 PM

scally-timing is everything in the market and luck plays a large role also. I'm standing pat, in hopes we hit 1600.

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Apr-02-13 10:29 PM

Time will tell. The sell button is the one everybody better be ready to jump on. This whole business climate scares the heck out of me. To my band of disagrees I truly hope you can tell me told u so

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Apr-03-13 1:19 AM

DavidVA- For you to say the CRA had no part in the housing bubble is ridiculous. I guess you just can't admit the liberal Democrats you so adore could hold any responsibility for anything lousy. I don't think you even understand what the CRA forced banks to do. If you did, you would know that Barney Frank in the House and Chris Dodd in the Senate were the leading proponents of this law. It forced banks to lend money to people who couldn't afford loans or had poor credit histories. Then, they told the banks not to worry about losses because the Gov't. would guarantee the loans through Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac gave tens of millions in campaign contributions to Obama,Dodd and Frank even while they were losing hundreds of billions of dollars. Franklin Raines was paid almost $100 MILLION before joining the Obama administration. Even after finding out that Raines cooked the books, the Holder Justice Dept. has failed to bring charges.

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Apr-03-13 1:36 AM

Also to DavidVA, you're still calling for more of the same spending that Obama said was going to be in Stimulus 1. Where did that first $900 Billion go? Since then, Obama and his fool academics wasted over $100 Billion on very dubious green energy companies, of which more than two dozen have already declared bankruptcy. That was 2009 spending supposedly for infrastructure and shovel-ready jobs. Obama later admitted in a 2011 speech you never heard on MSNBC, that there were no shovel-ready jobs. The truth is there were many shovel-ready jobs,like the XL Pipeline, that would have resulted in hundreds of thousands of good-paying jobs that Obama and his administration have blocked for no good reason other than to squeeze more money from special interest lobbyists. You and others on here are always bemoaning how our government has sold out to money. Well take a good hard,long look and you'll find that public unions dwarf all other sources.

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