Market Currents
Monday, September 14, 2009
1:54 PM
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Some are taking the Lehman collapse anniversary as a time to go super-bullish. The Dow returning to 14,000, Jon Markman? "In three years? Not a problem. The signs are abundant, if you know where to look: in the corporate credit markets, in employment trends, in consumer credit trends, in government statements and in corporate revenue trends."
This news story has 8 comments:
I'm glad I'm not sitting on the sidelines in all cash.
until it isn't
It has become obvious with these late day saves that you cannot fight the FED, especially when taxpayer money is being used to drive the market higher.
It really is a disgusting joke just how manipulated the market is now.
As much as it makes me sick, I made huge investments around
S & P 700, so it is all gravy right now. I can sit back, ride the wave knowing at some point the profit lock in will be tremendous. I just fell bad for the folks who were waiting to be "told" to get in the market by the likes if Markman, Cramer, et al.
You know what, history is right. Nothing changes. The average American does not make money in the market and psychology has show that most people (not us here on SA I hope) buy the market tops and sell the market bottoms.
It really is just a shame and though i complain about it, the corruption on Wall Street and the financial media, it is apparent that in the end, no one seems to care nor wants to learn from the past.
compdivplan.com
are you kidding? 12-15% and more lay-offs everyday and he sees
that as bullish. consumer credit trends? hello, consumer borrowing fell at a record 21 bill. recently. banks are cranking card rates through the roof while severely pulling back on credit issuance. BKs and foreclosures are rising. our fed is loading its balance sheet with toxic assets and buying back its own debt. soon the US will be its own largest creditor. markman must be looking for a cnbc gig