Gotta love it...! :D
Yet it's a mixed bag of publicly traded companies expected vs actual performance. Some are doing OK, but many aren't meeting the street's expectations.
U.S. factory orders are in the tank and jobless claims have risen again.
Real estate prices continue to decline in most housing markets and if you're earning anywhere close to 1% on interest-bearing or money market accounts, you're doing well.
Although Greece was just upgraded to a CCC rating, (Big whoop - about the same as an F+) as of the 1st quarter 2012, Spain is formally in a recession. Clearly the U.S economy and the world's economy suck right now...
So what's driving the market? Is it because it's an election year?
Are the movers, shakers and power brokers artificially driving things up? If so, how are they doing it?
What do you think? What's to come? Will it last? How long will it last?
All those with a thought, an opinion, insider knowledge or a crystal ball, do tell...
What do you think is driving the market? What do you think is to come?
8-) 8-) 8-)
Replies:
Posted by: Scan on May 3, 2012, 9:00 pm
The George soros crew is driving it up to make people feel good for Obama reelection
Posted by: sevenout on May 7, 2012, 6:17 am
Two words, inflated currency. After QE1 & QE2 a Dow at 13k in 2012 is worth far less than a Dow at 13k in 2007.
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