Dow Jones Approaches 15,000 Mark

[AbdiWahab252]

Market closed at 14,839. So fellow investors, are you going to hold your equities or to cash out your winnings ? Do you believe a correction is coming ?

[Kafkaesque]

Why are you playing the stock game, invest in foreclosed houses especially in Michigan, you can get guryo for max $500 dollars, easiest money you will ever make. Everyone realises another crash is coming, so stock up on guryo and sell them off once you get 10x the buying price.

I wished I lived in America, the game is too easy for you people.

[X.Playa]

abdi,

get your money out this is a classic bubble, they are playing the same game shalom bernanke letting his class make money on cheap free money through three phases of so called QE. There is nothing that make sense in dow jones making record ,

1- consumption is all time law.
2- unemployment all time high.
3- housing market is dead
4- discourged workers all time high.
5- americans companies cutting back on investment and hiring all time high.


every single yard stick is at the bottom, what logic there is for these assets to hit record high? simple , its bubble and works this way.

for the last 6 years shalom ben bernanke has been cutting interest rate to zero for the big banks and big boys to borrow money and gamble with assets with zero interest, this money was suppose to be lent out to business and consumers to invest and stimulate the economy that was the pretext reality is non of it was lent and its been used to bit and counter bit and inflate assests its all artificial and it will crush soon.

The Pew report attributes the recovery for the affluent to the rise in the stock and bond markets, but does not say what caused these markets to rise.

The stock market’s recovery does not reflect rising consumer purchasing power and retail sales. The labor force is shrinking, not growing. Job growth lags population growth, and the few jobs that are
created are primarily dead-end jobs in lowly paid domestic services. Retail sales adjusted for inflation and real median household income have been bottom bouncing since 2009.

To the extent that there is profit growth in US corporations, it comes from labor cost savings from offshoring US jobs and from bringing in foreign workers on work visas. By lowering labor costs, corporations boost profits and thereby capital gains for those 7 percent who have large holdings of financial assets. Those in the 93 percent who are displaced by foreign workers experience income reductions. This transfer of the incomes of the 93 percent to the 7 percent via jobs offshoring and work visas is the reason for the stark rise in US income inequality.

Another source of the stock market’s rise is the Federal Reserve’s policy of quantitative easing, that is, the printing of $1,000 billion dollars annually with which to support the too-big-to-fail banks’ balance sheets and to finance the federal budget deficit. The cash that the Fed is pouring into the banks is not finding its way into business and consumer loans, but the money is available for the banks to speculate in derivatives and stock market futures. Thus, the Fed’s policy, which is directed at keeping afloat a few oversized banks, also benefits the 7 percent by driving up the value of their stock portfolios.

The reason bond prices are so high that real interest rates are negative is that the Fed is purchasing $1,000 billion of mortgage-backed “securities” and US Treasury debt annually. The lower the Fed forces interest rates, the higher go bond prices. If you are among the 7 percent, the Fed has produced capital gains for your bond portfolio. But if you are a saver among the 93 percent, you are losing purchasing power because the interest you receive is less than the rate of inflation.

The Pew report puts it this way: Since the “recovery” that began in June 2009, wealthy households experienced a 28 percent rise in their net worth, while everyone else lost 4 percent of their assets.

http://www.counterpunch.org/2013/04/26/ ... recession/

[misterioso]

Why are you playing the stock game, invest in foreclosed houses especially in Michigan, you can get guryo for max $500 dollars, easiest money you will ever make.

It isn't as easy as you make it so. You aren't gonna pay a mere $500; taxes and other fees will make it $25-50K. Then, you've to spend upward $50K to repair, remodel, reconstruct it. You'll also have to annually pay various taxes (including property). Finally, it would be near impossible to find someone who buys or rents it.

[AbdiWahab252]

Xplaya,

The drop occurred today. It looks like its the start of a correction according to this analyst:

http://finance.yahoo.com/video/worse-no ... 00279.html


I am going to offload as soon as it hits 15,000 or am I being too greedy ?

[Kafkaesque]

Why are you playing the stock game, invest in foreclosed houses especially in Michigan, you can get guryo for max $500 dollars, easiest money you will ever make.

It isn't as easy as you make it so. You aren't gonna pay a mere $500; taxes and other fees will make it $25-50K. Then, you've to spend upward $50K to repair, remodel, reconstruct it. You'll also have to annually pay various taxes (including property). Finally, it would be near impossible to find someone who buys or rents it.

The goal isn't to reconstruct, the buyers will want to redevelop, plus sales and property taxes can't be that much can they?

[misterioso]

The goal isn't to reconstruct, the buyers will want to redevelop, plus sales and property taxes can't be that much can they?

You would want to do your homework before you venture into it. You can google all the infos you might need. A cheap house is usually non-livable, requiring extensive cleaning, remodeling, renovation, etc. It's former meth houses, decayed houses, etc. The following 2 topics could help you get an idea:

http://www.city-data.com/forum/general- ... -idea.html

http://www.city-data.com/forum/foreclos ... -home.html

[Kafkaesque]

I don't think you understand what I mean. You are not going to redevelop the house, you will simply buy it and sell it on to any interested redeveloper, own it while it is rotten and pass it on to a person who will make it golden. I've seen many reports on this and seems to work. Housing prices

Housing prices rising -

http://www.voanews.com/content/us-housi ... 52111.html

It's always best to find an area close or at where redevelopment was to take place but was closed down after the 2008 housing bubble.

[misterioso]

http://www.voanews.com/content/us-housi ... 52111.html

Every other day, there are different reports, some similar to the one in your link, others about falling home prices.

Hey, let me know if you sold such a cheap house for $10K.

[Kafkaesque]

I can't, I don't live in America, didn't you read anything I posted, fuck me mate

But I would take the chance as I am a risk taker, a daredevil, a devil in louis vuitton, I am simply awesome.