stock market

[HookdOnASquealin]

If any one else pays attention to the market, did you find it hilarious that after the announcement that GDP grew at a higher rate than expected, the market actually fell? Also, last quarter, GDP was at about 1/4% which is in the top 25 worst quarters ever (the other 24 were all in a recession) and the market actually went way up that day! The reason why the market fell yesterday is because investors were worried that the economy for once may actually be improving and they are afraid that it will be taken off of the government teet. So in reality, what we now have is an extremely over-valued welfare market.

 

[bobhawg]

I don't think the Dow averages have anything to do with the real world. The ups and downs are determined by the managers of those huge billion dollar portfolios and not the average investor. And I think they move the average a lot when they seek safe havens at times and speculate at other times etc. But the little old lady in Omaha who used to clip the coupons for her retirement income is long gone.