Keep going. You're the poster child of the sub-70 IQ, "yes we can (take your money so we don't have to work," moronic Obama drones. Like your teleprompter-messiah, you couldn't engage a real argument if it slapped you in the face. Of course you're not a real trader. I'm guessing you just got a job in Arizona's mythical 15th Congressional district--yet another total fabrication from Maobamo's cult: http://www.azcentral.com/members/Blog/LaurieRoberts/67689
The price of a gallon of gas is $2.63 a gallon, according to the latest AAA survey. That's well below the 2008 peak of $4.11 -- but up 25% from a year ago and 63% above last December's low. What's more, the factors behind this spike seem apt to persist for some time. They include a pickup in global economic activity fueled by massive government spending, a decline in the purchasing power of the dollar as the U.S. holds interest rates near zero, and lack of new oil supplies coming online to meet future demand. While those trends hardly ensure rising fuel prices, they seem to have been doing their part so far, putting gasoline within striking distance of $3 a gallon. Every recession since 1972 has been associated with an oil price surge that took U.S. oil consumption past 4% of gross domestic product. Today the magic number to get there is $80.
The optimists of this thread are correct, but I disagree with the implication from the title that Obama is causative.
there is no point even if the market is up 1000%, there is simply no liquidity to trade. You will be happy if you are a retiree investor, but for an active trader, this year ranks as one of the worst ever
Correct for now, but for how long? You could be cautiously optimistic just before Dot-Bomb and during most of 2006-2007, too. Again, much of what we're seeing now could just be mean reversion and reaction to short-term stimuli that are harmful in the long-run. Massive stimulus spending, artificially low interest rates, increased entitlement programs and (almost certainly) increased taxes down the road--is this a formula for healthy economic growth in the coming decades? While I'm not predicting another Great Depression (or anything else for that matter), you should read the headlines after stocks recovered 50% of the initial drop that started in 1929. They're almost identical to today's.
Well, keep it on the QT, but the US is being quite clever right now. The stimulus money is not even half spent, and we are watching the rest of the world spend theirs like crazy. Our manufacturing and freight sectors are heating up in response. It's quite possible that on the far side of this the US economy will have benefited more from the world's stimulus spending than from its own stimulus spending, and it is they who will have the bigger tax bills. So, I remain an optimist for quite a bit longer.
Stocks are up because if the Dollar implodes only stakes in companies would have value. Would you rather have 100 bucks of fiat or 100 bucks in a company with assets and sales to the world? The rally is more of a dollar is shit rally.
You are a frikkin loser...dont blame your ineptitude on liquidity...that is one of the most retarded statements ever.... Market has been hugely volatile both up and down...if u cant trade this you suck and should flip burgers. Market is up 40% and you losers complain.Classic bozos -only on ET can you find such a bunch of right wing whiners.Actually right wingers are whiners in general.