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This room is for the discussion of current events,cultural issues and politics especially in relation to Catholic values.

Saint Thomas More was martyred during the Protestant Reformation for standing firm in the Faith and not recognizing the King of England as the Supreme Head of the Church.
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The economy really is not in good shape. Housing is doing better, but not that much better.

The stock market usually reflects the mood of the country. I don't think the mood of the
country is so good right now. The National Debt is sky high. We have the uncertainty of
Obamacare and its unanticipated costs. We have an ongoing war in Afghanistan. We have
victims of Hurricane Sandy still displaced. The Gun Battle in Congress is not settled. Taxes
have just risen on our income earners. Blacks are still living in the ghettos in NYC. Obama
just endorsed a new candidate for 2016 with Hillary. And America has turned the corner
to socialism, but good this time.

So, why is the market going up?

Jan 29th 2013 new

(Quote) Marianne-100218 said: The economy really is not in good shape. Housing is doing better, but not that much better.
(Quote) Marianne-100218 said:

The economy really is not in good shape. Housing is doing better, but not that much better.

The stock market usually reflects the mood of the country. I don't think the mood of the
country is so good right now. The National Debt is sky high. We have the uncertainty of
Obamacare and its unanticipated costs. We have an ongoing war in Afghanistan. We have
victims of Hurricane Sandy still displaced. The Gun Battle in Congress is not settled. Taxes
have just risen on our income earners. Blacks are still living in the ghettos in NYC. Obama
just endorsed a new candidate for 2016 with Hillary. And America has turned the corner
to socialism, but good this time.

So, why is the market going up?

--hide--


I have the same question, Marianne. It does not make sense to me, which leads me to think that it is artificially propped up which to me would mean that at some point it would collapse again (and I have heard some financial consultants on the FOX Business Financial Shows say just that). I would truly like to hear from any financial/economic experts on this site!

Jan 29th 2013 new

From one of the economic blogs I found:

The DOW's rise was due to it being the investment of last resort. Gold has been flat. Bonds and CDs yield nothing. So, people have been going with equities and what you're seeing lately is the entry of little guys into the market just before another "shearing" effect. In reality, there is still no underlying economic growth to justify the market's rise. GDP continues to be stagnant and will be zero or negative by summer. Unemployment is persistent and high. Consumer confidence is terrible. Companies will use 2013 to trim employee levels for Obamacare - this may help their stocks in the short term but really signals more contraction. If you're buying into market at this time, you're a fool.

This makes sense to me and jives with what I've been following. Don't worry, it will crash in March like usual.

Jan 29th 2013 new

Interesting choice for S E C Chair.... www.theblaze.com


Would be interesting to hear Peter Schweizer's reaction. ( www.amazon.com )

Jan 29th 2013 new

(Quote) Elizabeth-384374 said: From one of the economic blogs I found:The DOW's rise was due to it being the...
(Quote) Elizabeth-384374 said:

From one of the economic blogs I found:

The DOW's rise was due to it being the investment of last resort. Gold has been flat. Bonds and CDs yield nothing. So, people have been going with equities and what you're seeing lately is the entry of little guys into the market just before another "shearing" effect. In reality, there is still no underlying economic growth to justify the market's rise. GDP continues to be stagnant and will be zero or negative by summer. Unemployment is persistent and high. Consumer confidence is terrible. Companies will use 2013 to trim employee levels for Obamacare - this may help their stocks in the short term but really signals more contraction. If you're buying into market at this time, you're a fool.

This makes sense to me and jives with what I've been following. Don't worry, it will crash in March like usual.

--hide--


Thank you for that information. That was a good blog. Well, now we have the January effect, then comes the
March changes.

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