After last nite's speech.

Maybe I misremember, but isn't that a metric that mach uses to judge a president's performance?

Probably more to do with the taper.......

I'm not concerned about short term fluctuations of the market. My 401k has made up the loses from the collapse and more over the last few years.

The market, not big fans of Democrats talking.

(01-29-2014 03:00 PM)Machiavelli Wrote:  Probably more to do with the taper.......

I'm with Mach.. I've been waiting to see a slow drop as Bernanke's last act was to reduce the QE numbers.

(01-29-2014 03:00 PM)Machiavelli Wrote:  Probably more to do with the taper.......

Yeah, it's been down lately. Gotta get the market off the crack eventually though.

Yep, the artificial inflation is going to be slowing, so we'll see. once the bloat is out of the system, to some extent, how much of a correction can we expect?

One guy I saw/heard was predicting Dow 6500 or so. Very bearish. I'm not in that camp, but this is probably another bubble and this admin will somehow manage to screw up the one area of growth we've had in this economy, during the worst peacetime recovery in our history.

(01-29-2014 03:33 PM)JMUDunk Wrote:  Yep, the artificial inflation is going to be slowing, so we'll see. once the bloat is out of the system, to some extent, how much of a correction can we expect?

One guy I saw/heard was predicting Dow 6500 or so. Very bearish. I'm not in that camp, but this is probably another bubble and this admin will somehow manage to screw up the one area of growth we've had in this economy, during the worst peacetime recovery in our history.

Market has had a good run this past year so a pull back is to be expected. I'm only in the market for retirement accounts so I just figure I'll pick up some at lower prices. You know, dollar cost averaging, etc.

(01-29-2014 03:19 PM)DaSaintFan Wrote:  

(01-29-2014 03:00 PM)Machiavelli Wrote:  Probably more to do with the taper.......

I'm with Mach.. I've been waiting to see a slow drop as Bernanke's last act was to reduce the QE numbers.

But Dictator Obama's forceful words on future economic growth should have been a driving force to boost investor confidence and push the market higher.

The market should be between 14 and 15, given the P/E multiplier average.

(01-29-2014 03:04 PM)dawgitall Wrote:  I'm not concerned about short term fluctuations of the market. My 401k has made up the loses from the collapse and more over the last few years.

Just in time for another collapse.

http://theeconomiccollapseblog.com/archi...c-meltdown

#1 The looting, violence and economic chaos that is happening in Argentina right now is a perfect example of what can happen when you print too much money...

#2 The value of the Argentine Peso is absolutely collapsing.

#3 Widespread shortages, looting and accelerating inflation are also causing huge problems in Venezuela...

#4 In a stunning decision, the Venezuelan government has just announced that it has devalued the Bolivar by more than 40 percent.

#5 Brazilian stocks declined sharply on Thursday. There is a tremendous amount of concern that the economic meltdown that is happening in Argentina is going to spill over into Brazil.

#6 Ukraine is rapidly coming apart at the seams...

#7 It appears that a bank run has begun in China...

#8 Art Cashin of UBS is warning that credit markets in China "may be broken". For much more on this, please see my recent article entitled "The $23 Trillion Credit Bubble In China Is Starting To Collapse – Global Financial Crisis Next?"

#9 News that China's manufacturing sector is contracting shook up financial markets on Thursday...

#10 Japanese stocks experienced their biggest drop in 7 months on Thursday.

#11 The value of the Turkish Lira is absolutely collapsing.

#12 The unemployment rate in France has risen for 9 quarters in a row and recently soared to a new 16 year high.

#13 In Italy, the unemployment rate has soared to a brand new all-time record high of 12.7 percent.

#14 The unemployment rate in Spain is sitting at an all-time record high of 26.7 percent.

#15 This year, the Baltic Dry Index experienced the largest two week post-holiday decline that we have ever seen.

#16 Chipmaker Intel recently announced that it plans to eliminate 5,000 jobs over the coming year.

#17 CNBC is reporting that U.S. retailers just experienced "the worst holiday season since 2008".

#18 A recent CNBC article stated that U.S. consumers should expect a "tsunami" of store closings in the retail industry...

Expect a big correction over this year. The market is way overpriced. Surprisingly, I like what the new Fed is doing.

(01-29-2014 03:33 PM)JMUDunk Wrote:  Yep, the artificial inflation is going to be slowing, so we'll see. once the bloat is out of the system, to some extent, how much of a correction can we expect?

One guy I saw/heard was predicting Dow 6500 or so. Very bearish. I'm not in that camp, but this is probably another bubble and this admin will somehow manage to screw up the one area of growth we've had in this economy, during the worst peacetime recovery in our history.

I'd say 11,000 is probably about right. Not to say it won't overcorrect and dip below 10k, but that would be a buying opportunity. If it gets to 6500, I'm dumping all my assets into the market.

(01-30-2014 10:38 AM)EverRespect Wrote:  Expect a big correction over this year. The market is way overpriced. Surprisingly, I like what the new Fed is doing.

Old Fed = New Fed. Yellen isn't even Fed chair yet.

(01-30-2014 10:43 AM)EverRespect Wrote:  If it gets to 6500, I'm dumping all my assets into the market.

My thoughts exactly.


EDIT: I've actually been dumping money into a savings account waiting for the bottom to fall out.