Anyone watching the stock market today?

I think part of what kept the market up in the last few years was the expectation that the economy would recover like it had in the past. Even though the "recovery summer", a couple summers ago never happened, there was still the expectaion that it would. Anyone who invests in the market right now is nuts imo. I'll make a prediction right now (something few people are willing to do around here)... if Obama is re-elected, the market will fall below 13000 until next summer and never go over 13500. If Romney is elected, the market will easily go over 14000 by summer and won't go below that unless something major happens (like a major attack or nations collapsing like Greece). And if I'm wrong I'll admit to being wrong even when the extremist libs give me shit.

The only thing keeping the market indices propped up to their current levels is the money supply. Qualitative Easing has drastically increased money supply so, while the markets are near all time highs, the corresponding value is low. Smoke and mirrors.

The stock market is high because it is the only place to put your money other than a mattress. Why people are signing up for .01% bonds or 10% Greek bonds is beyond me.
Wait for that bubble to burst.

From an earlier post, the stock market is forward thinking, when Romney didn't have a chance, the market was going through the roof, but now that he has a chance, are corporations discounting cuts to entitlements? Will we start to see Medicare vendors stocks plummet? (Just kidding!!)

FredHayek wrote: Supply and demand? People can't afford to buy consumer goods because of the inflation in the gas prices and food costs. Household income has fallen 10% since Obama entered office. Obama's stimulant package failed because he doesn't have experience.

weak, very weak arguments

towermonkey wrote: The only thing keeping the market indices propped up to their current levels is the money supply. Qualitative Easing has drastically increased money supply so, while the markets are near all time highs, the corresponding value is low. Smoke and mirrors.

Correct, Bernakes stimulus has done a lot more than Obamas, at least for Wall St. But still, there is lots of money sitting around not being put to work in the economy until future policy is more certain. I read that Bernanke has told friends he isn't interested in another term no matter who is elected. Leave the money printing unwinding mess for someone else.

I watch it every day.

My utility fund is steady, as I'd expect.

My shares in Safeway and Layne Christensen are doing just fine, as well.

I've been focusing more on essentials (food and energy), and less on companies that sell discretionary goods/services.

I'm curious if there are going to be any special one-time Dividend distributions in December before rates go up. I heard some speculation about this, but no news.

LOL wrote: I'm curious if there are going to be any special one-time Dividend distributions in December before rates go up. I heard some speculation about this, but no news.

There was talk of this a couple years ago when they thought Obama would be able to increase taxes. I am betting most corporations will hold onto their money.