I saw this article on MSN money and thought it was interesting. The article says that the S&P 500 is on track for having the best month since 1974. The article questions if it can stay up because there are several things coming up in November that might have investors scared. The artcile suggests using Stockscouter for reliable clues on what is going to work in the market for November. According to the article “An investor who followed Markman’s 10-stock strategy since it was launched in January 2001 would have realized a gain of 637% through Sept. 30 of this year, according to Gradient Analytics, and had an average annual return of 21.6%.”
The stock market is up, corporate profits are soaring, oil drilling has surged, executive pay is up by double digits. It’s as good as it has ever been other than the 10% of people who are unemployed due to their own choice and laziness. Other than helping the lazy, times are great!
It is funny that this admin has corporations scared poopless, and they are drawing in, becoming ultra-efficient, and sitting on profits (which Wall St. likes). The only one willing to risk capital is the govt...lucky us! If Obama goes down in 2012, it will be a "release the hounds!" moment for business.
You really don’t understand the OWS protesters, do you?
You mean it’s deeper than:
(1) I picked a major that is useless.
(2) It cost a lot of money.
(3) I really, really want someone other than me to pay for it.
(4) I demand a job! Now! Wait, what does this word “entitlement” of which you speak mean?
(5) Rich people have more money than me.
it’s already november 2nd, man. if these trends continue. . . ayyy!
I see your point, it’s practically guaranteed…I mean the OP here told us all to buy Blockbuster didn’t he? What could possibly happen between now and the end of the month?
Actually, for the sake of my retirement, I hope he’s right, very right. I’m not holding my breath, though.
If I were anywhere near retirement no way in hell I’d be in the stock market right now…just sayin’ Hell I’d be loathed to have my money in most of the banks
** It is funny that the media has corporations scared poopless**
Fixed it for you.
**it will be a “release the hounds!” moment for business. **
Perhaps a short one. Under Republican control the economy was going to hell in a hand basket. It’s a fact. Their policies had no ability to prevent the financial collapse nor will they won’t be able to fix it. The Republican two term president in response to implementing a large scale government intervention said “the market was broken”. They have no more answers than the Dems. They do not desire to avoid bubbles through regulation which in part got us here. Pubs returning to office would have little effect on the recovery of the housing market either. Lack of ability to fix those issues will prevent a meaningful boom (bubble). There might be a short term rally in the market but long lived recovery is going to be dictated by the long term issues I mentioned running their course.
Pubs are currently fighting for more income inequality which takes doing nothing, perhaps tax reform, and cuts to programs like SS (or basing them more on the volatile market). I doubt any large/long wars to rally behind will be started in the near future either. I don’t think any of those items will lead to a quick recovery.
The Republicans also desire to kill a large part of the renewable energy industry which employes nearly 10,000,000 people in the US including engineering, manufacturing, management, construction etc. Renewable energy like wind are also expected to bring in billions in revenue in the agricultural industry. All of these efforts are also helping us make progress on the long term process of weaning our country from fossil fuel, a dying and increasingly volatile and expensive energy source. The current Republican stance in this area would set our country back years as compared to the rest of the world.
