Current stock market (Nov. 2010) not reflecting reality

Incorrect. The stock market will drop back below 10,000 by mid-March.

Flagpole, did you just read the front page of CNNmoney.com? it looks like you just copy and pasted the points form there. Not that I disagree.

Flagpole's Smarter Twin wrote:

Incorrect. The stock market will drop back below 10,000 by mid-March.

That may actually be true, for lots of unforeseen things can happen between now and then, but I'm not even looking out that far. And even though the market is forward-looking, there isn't anything in the FORESEEABLE FUTURE that would say the Dow should drop below 10,000 by then, thus keeping it where it is now.

Is this all you have to do, blab about the stock market. get a f***ing life you loser.

commmmmmme on wrote:

Flagpole, did you just read the front page of CNNmoney.com? it looks like you just copy and pasted the points form there. Not that I disagree.

Not a cut and paste from there.

currently mentions some bad things too. Home prices falling after several months of gains. Potentially no more benefits for the jobless of 2 years. Federal wage freeze (which could be considered good or bad).

I get my news from many sources, and the only one still harping on the bad is Fox News, and there's only one reason why they do that...a Democrat President.

Flagpole wrote:

Foreseeable foreseeable foreseeable.

Personally, I don't like using the word foreseeable when I trade. If markets are truly efficient, which I believe they are, and if you base your decisions only off of things that are "foreseeable," then you will not make any money. You need to think outside the box and rather than merely "foreseeing," you need to make educated predictions about what is UNforeseeable.

Good! wrote:

Is this all you have to do, blab about the stock market.

Well, no.

1) Earlier today I told a Letsrun poster how to deal with a live-in girlfriend.

2) Also earlier at Letsrun, I simply agreed with a poster's opinion about the RNR deciding to shorten the cutoff limit to 5 hours 30 minutes.

3) Over the Thanksgiving holiday, I was ancillarily (new word) involved in a heated discussion over the effectiveness of Beano.

So, in short, no, the stock market isn't the only thing I blab about.

You are right - it is overvalued

http://www.multpl.com/

If only you knew what you were talking about then you would understand what most investors already know. Here's some hints moron: Hows the dollar trending? Hows the geo-political concerns? Hows the debt and deficit trending? Hows the business uncertainty, ie taxes, health care costs etc?

Ifonly wrote:

If only you knew what you were talking about then you would understand what most investors already know. Here's some hints moron: Hows the dollar trending? Hows the geo-political concerns? Hows the debt and deficit trending? Hows the business uncertainty, ie taxes, health care costs etc?

I'm aware of all that brother. Even with those things factored in, this market shouldn't be this low. Anomalies happen though, and this market WILL stretch back up in time (and by that I mean in the near term).

The market should be much lower. You have selective vision. You only see what you want and disregard anything negative. You live in a fantasy world. The market is moved by a bunch of corrupt billionaires who manipulate the numbers when they chose to. Most people have finally figured that out. But you hang in there. All you seem to care about is money. I rarely see you post anything on running. It's always money related. there's much more to life than money and Letsrun you know. Are you planning on reviewing how your portfolio is doing while you're laying in your coffin?

Dow 15000 by what date?

My opinion (which doesn't mean much to you blokes) as well as a Fortune 50 CFO's oppinion (family member of mine) is that the Stock Market is currently overpriced/inflated and will continue to be volitile with no consistent nor perminent improvements for years.

I hope we are wrong.

The stock market is predicting what is going to happen in 6-9 months. Today's numbers and data such as holiday season numbers predictions are already factored in.

jstajerk wrote:

Dow 15000 by what date?

I don't have a prediction for that at this time.

Ifonly wrote:

The market should be much lower. You have selective vision. You only see what you want and disregard anything negative. You live in a fantasy world. The market is moved by a bunch of corrupt billionaires who manipulate the numbers when they chose to. Most people have finally figured that out. But you hang in there. All you seem to care about is money. I rarely see you post anything on running. It's always money related. there's much more to life than money and Letsrun you know. Are you planning on reviewing how your portfolio is doing while you're laying in your coffin?

Incorrect! with regard to your statements. No! with regard to your question.

In the last couple years I have posted several times that things were bad (because they were). I never discount the negatives. I see them now even. Right now though, the good things should be outweighing the bad, and I'm not the only one who thinks so.

If Obama doesn't allow the tax cuts to be extended before January 1st, the market will get hurt pretty hard.

As a middle class guy, trying to move up in the world, Obama's obstinance on this issue really pisses me off. If the tax cuts don't get extended, I'll have to pay about $200 more per month in taxes - less money I can use to consume and support the economy.

Furthermore, as a responsible American, I try to save money and invest it to grow my nest egg. If the tax cuts aren't extended, the value of my investments will suffer, costing me even more money.

Obama is supposed to be for the middle-class guy, but if he does what he says he's going to do, my taxes go up and my investments go down.

Obama can suck it, for all I care. I earned my money, I want to keep it.

Trying to build up an excuse for the DOW not hitting 12,000 by the end of the year?

No one says the market reflects reality.

But you said it would hit 12,000 and reality is the actual number it hits not what you say it should reflect.

You should catch up on your current events. Obama is in favor of extending the Bush tax cuts for all but the highest earners. Your tax cuts will remain in place for at least one more year, likely longer.