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Anyone get the feeling that the stock market climb is phony?

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Sara Beverley Donating Member (989 posts) Send PM | Profile | Ignore Tue Dec-21-04 04:35 PM
Original message
Anyone get the feeling that the stock market climb is phony?
Since most investors are investing abroad and China is making some interesting advances with its economy, I believe the US stock market hike is phony and has been manipulated to get people to keep investing in it. I think I would pull my money out (if I had any in) right about now.
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shrike Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-21-04 04:39 PM
Response to Original message
1. Yeah -- I have some stock; most of my money is elsewhere
I'm still on pins and needles every day -- should I stay or should I go?
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-21-04 04:40 PM
Response to Original message
2. Yep, there is a bubble being pumped up again
And sad to say, it will be dumped pretty soon. The numbers coming in cannot sustain this illogical exuberance for long. Housing numbers down, unemployment up, a flat or worse Christmas season, PE ratios still too high, all of these numbers and more are pointing to a bottoming out of the market soon. I would say after the first of the year, we'll see a steady drop in the Dow. If the Iraq elections screw the pooch, look for a big drop off.

The stock market is turning into a crap shoot, get out while you're still ahead.

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Kingshakabobo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-21-04 04:42 PM
Response to Original message
3. Bond market

http://finance.yahoo.com/q?s=^TNX&d=1b

The bond market has something different to say. It is forecasting a less than stellar economy due to an anemic job market.
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BurgherHoldtheLies Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-21-04 04:43 PM
Response to Original message
4. Draw the "suckers" in...Reminds me of the Lovitz character
Ya, ya, that's the ticket. The economy is good, I mean, great.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Tue Dec-21-04 04:50 PM
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5. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
jayfish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-21-04 04:52 PM
Response to Reply #5
6. Good For You.
Too bad so many of us are struggling.

Jay
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oneighty Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-21-04 04:57 PM
Response to Reply #5
7. My TIAA CREF
Annuities took a 37 percent drop shortly after Junior took over. It still has not recovered to the point that Clinton left it.

But I suppose if one is skilled in the ways of investing there is money to be made. One can also make a lot of money playing poker.

180
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