Succinct Summations week ending November 22, 2013.

Positives:

1. The Dow & S&P 500 rose for a 7th consecutive week, closingd at all-time highs.
2. About 450 of the 500 S&P500 stocks are up this year — the broadest rally in 20+ years.
3. Fed officials expect tapering “in coming months” — suggesting economic improvement

 

Continues here

Category: Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Succinct Summation of Weeks Events (November 22, 2013)”

  1. A says:

    The trend is your friend, until it’s not.

  2. bigsteve says:

    “2. U.S. consumer prices fell last month 0.1 percent; with inflation running at its lowest rate in 4 years, deflation is a possibility.”

    This is what worries me. I think because of the declining rate of labour participation it is hard to get pricing power right now. Unemployed people do not spend money. The government could afford to spend more to stimulate the economy which would get more people working and in general enhance it’s revenue stream which would do more to get the deficit reduce than austerity.

  3. Giovanni says:

    A +1 on “The trend is your friend until it’s not”. At some point all of those things that don’t matter will, and then it will be fugly.