The Stock Market Is Artificially High.
By elmiko
@elmiko (6630)
United States
June 17, 2010 5:22pm CST
Seeing how unemployment numbers are still really high,many drawing unemployment,foreclosures still being high, and banks still being seized by the feds way too much the Stock Market just isn't on the same level with how bad the economy really is. Its like its artificially high. Its more ideal now with the overall economy since its dropped off so many points over the past month, but still even with the Dow being over 10,000 still seems too high with how bad the economy really is. The average investor hasn't gotten back into the market due to uncertainty and simply not being able to afford it. Also before the financial collapse the Dow was over 14,000. I figure if the economy gets back to where it use to be the Dow will surpass 15,000. That's years away however since 250,000 jobs would have to be added to the economy each month for the next 5 years to get the economy back to where it was.
2 responses
@magtibaygom (4856)
• Philippines
17 Jun 10
You mean to say, another bubble is brewing up? Or, maybe many investors are now getting the cue that if you jump early in the stock market before the majority of the investing population get in, you will be positioning yourself to benefit for every possible boom that might happen ahead? What do you think?
@elmiko (6630)
• United States
21 Jun 10
people have already benefited after the market plunged in 2008. just about every stock was 50% off compared to what it was before the market plunged. the boom of the last year and a half has already happened. as far as another boom occuring only time will tell.
