This is being driven by Chinese imports and the promise of cheap foreign labor boosting investor and corporate profits.S&P 500 Index is now 62% above its March low and up 16% from 1 yr ago.
I smell a February correction.
What say you?
I'm moving most all my small retirement account into safe stuff. Don't trust the way things are looking. Took out a chunk for down payment on house a couple months ago, so not alot there. Don't want to see it taxed in the future as has been said .....they are going to have to pay for all this free to everyone stuff..... and it is not going to be off the little I have left in the retirement fund.
I'm really not sure what to make of bitcoin.I agree with the correction call, it will be soon. Buy property, bitcoin, gold & silver. There will be a masive asset boom next year. Prepare to gather your couch change and invest when the market corrects. This may be the last oppertunity for a while. All this Government Money will devalue the dollar more than we can understand. With the rates this low, its perfect for refinancing or purchase a home if you can. Cash makes nothing under your mattress, or the bank......
Exactly. There is no better place in the world to put your money. Until that changes we will not see a major correction.I'm really not sure what to make of bitcoin.
Looks like the dollar has been trending down for a while now and I agree with your assessment about Gov spending. However, last time I thought the dollar was a goner it held up better than logic would dictate because it's the "healthiest horse in the glue factory"