I have been waiting for a decent correction for wh
Post# of 65629
Quote:
I have been waiting for a decent correction for what feels like an eternity.
Smart money is tip towing into the market and sitting on cash that makes no interest.
Sounds as though the market is breaking the way you want/expect.
IS it a 'decent correction' yet?
What if reality is a break to the upside because of one corp. profit announcement or another?
Of course the Fed has played it's part.
What if they decide that economic conditions do not warrant further interest rate hikes? Wouldn't that delay what you call the 'inevitable'?
Don't go bat-sh*t on me now, this is just Factcheck.org's
Obama’s Numbers (January 2016 Update)
I'm not an 'association is causation' guy, I just say apply the same standards to numbers regardless of political party.
For example if the numbers below were abysmal, would you not rip the sh*t out of Obama?
http://www.factcheck.org/2016/01/obamas-numbe...16-update/
Quote:
Profits & Markets
Corporate Profits — Corporate profits have soared under Obama. After-tax profits were running at an annual rate of just under $1.8 trillion in the July-October quarter of last year, the most recent figures available. That’s down somewhat from the previous quarter — which was a record. But still 166 percent higher than in the quarter just before Obama entered office.
That quarter’s profits were unusually low, ravaged by the Great Recession. But even compared with the best quarter prior to his taking office, which was the third quarter of 2006, after-tax profits are up 27 percent.
Stock Markets – Stock prices have declined sharply since our last report. The first week of 2016 was the worst opening to a new year on record.
But despite recent losses, stockholders have done quite well under Obama. The Standard & Poor’s 500-stock index was 139 percent higher at the close on Jan. 11 than it was the day Obama took office.
Other stock indexes show similarly robust gains. The Dow Jones Industrial Average has also more than doubled, rising 106 percent during Obama’s tenure, and the NASDAQ Composite index has tripled, rising 222 percent.