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Author Topic: "Stocks Soar, but Many Analysts Ask Why"  (Read 1373 times)
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WhiskeyGirl
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« on: March 29, 2010, 04:01:38 PM »

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The unemployment rate remains locked in a range that recalls the economic doldrums of the early 1980s. Housing is stuck in a ditch, with foreclosures rising. And consumers are still reluctant to part with the little cash they do have.

Yet the stock markets are partying like it’s 2003, when hiring was brisk, real estate was booming, wallets were fat — and the major stock indexes started a four-year rally that would double their value and push them to new heights just before the financial crisis hit, The New York Times’s Javier C. Hernandez writes.

Judging from stock prices alone, one would think the economy was poised for a roaring comeback....

“The market is as overvalued now as it was undervalued a year ago,” said David A. Rosenberg, chief economist and strategist for Gluskin Sheff, an investment firm. “There’s a very high degree of complacency.”

Quote
“We’ve managed to at least temporarily suspend the financial crisis,” Mr. Roberts said. “The question now is, ‘You’ve gotten past the first act; what’s the encore?’ ”

http://dealbook.blogs.nytimes.com/2010/03/29/stocks-soar-but-many-analysts-ask-why/

What's fueling the surge?  Program trading?  HFT?  Dark Pools?
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

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Edward
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« Reply #1 on: March 29, 2010, 09:23:53 PM »

He gave money to the banks and they bought up the stock market with the free money..

Now they will have a huge sell off and the stock market will drop like a rock and Obama will ???

LOL... He will do what ever he is told by big business interests ..

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