Quote:
Originally Posted by Squirtit
You're pretty bright that's cool! 
I'll explain it to you like you don't know anything about economics
Going here and selecting the 5 year chart you see that since 2006 the market is up 11.23%
This shows a level confidence in the American market that existed before the crash began.
lemming |
QE1, 2, zero interest rates and the endless printing of our dollar have driven the stock market up. 3 out of 4 of those will end in 2 months. Let's see what happens after that.
Unemployment is up; commodities are up; European countries are facing financial distress; US states are running out of money; the fed is now raiding gov pensions to help pay our debt, which is increasing daily. Our dollar is only "strong," as you say, because the Euro is getting weaker. Look at a one year chart, the US index is on a steady decline. 28% of homes sold are foreclosures, 5% is normal. There's a million homes in foreclosure that haven't even hit the market, another surge down. The list goes on and on with problems in almost every arena.
The bear market is near.