This stock marke is a total manipulation. Almost everyone's business is worse than last year, but it keeps going up. Isn't this a government manipulation to make people relax for the holiday seson and make them spend more? I strongly doubt that trick will work because the unemployment is so high that people simply have no money to spend for junk stuff. Everyone (almost) is spending money on food, rent and other necessary things. In order for the people to start spending money there must be more JOBS CREATION. It is happening the oposite right now. Only 16% of the stimulus package are spend right now, that's very little. With false info they can keep the market only for a certain time ..... than the institutions will unload their stocks and many won't see what hit them when the market makes the U turn. I wish I could be wrong, but faking growth when there's really none will hurt the small investor.
Actually if you think about the underlying fundamentals there is every reason for stocks to be doing well. The corporate world has laid off scads of people and the work is still getting done by the remaining guys. Lower level employees especially are aware that there are 10 people waiting for their job if they balk at doing the work of 5 people, working unpaid overtime, taking work home, etc. They've been told there "just isnt money for a raise" and in fact they may have to take a paycut and tighten their belt. Then of course the board of directors declares bonuses for themself and a dividend for stockholders. Classic seller's market. So no, the information isnt being manipulated, it just doesnt have the relationship to good overall financial health that the news seems to think is there. They know how to read the numbers, they just dont have a clue what they mean.
conditions are definitely better than what they were a year back. In last few months of 2008, the credit markets were nearly frozen and the world was facing a possibility of collapse of the financial system. and then it is not just the US markets. stock markets all over the world are rallying.
I agree, conditions are better, but not for everybody. Better for those who got bail out money..... What I see is more and more store are closing, more and more car dealerships are closing, restorants and etc.... There is noi job creation,
You are absolutely correct , many companies are saving billions of dollars by laying off 20%-30% of their work force , and forcing remaining people to work 18-20 hours to take care of the work of people getting laid off, and they are on a shopping spree to buy lot of companies , I do not know when will this horrible madness for more and more billion dollars will end , where as employees are loosing their family, childrens, health , peace of mind , just because some idiot wants to make more and more billions at the cost of his employees.
Wow, you just described my work environment to a tee. But, you left out the part where the boss runs around screaming at everyone because we have SO much to do, it's not all getting done the way he wants, or how fast he wants it. Excuse me while I go bang my head against a wall now......
"Almost everyone's business is worse ... " anyone on the other side? Plenty of people have made money ... it has not only gone FROM somewhere, but it WENT somewhere!
Yay free market capitalism? I shall quote myself: We can't all be rich but we can all demand not to be taken advantage of. People selling you the idea that if we just let free markets be free then everything will be glorious with money and jobs trickling down like snowflakes and no one being taken advantage of are worse than make money online ebook sellers. And it takes one to know one The people at the top depend on keeping the people at the bottom on the bottom. But even worse they try even harder to keep the people in the middle from reaching the top because they are the closest. The middle class are the ones shuffling through life at a 9 to 5 making good middle class income and thinking they've got it made and are in control of their destiny. Little do they know they are often one corporate decision to cut costs away from having that all come crashing down. Whether that be their own company firing them or an insurance company deciding not to pay their claim and saddling them with 6 figures in medical bills.