Nasdaq crossed 5000 today

[Coronita]

Wow…That’s didn’t take that much time. Albeit only briefly…

Looks semiconductors company mergers are about to get started… NXP is on fire today.

[spdrun]

Good thing is that it peaked in March of 2001. Here’s hoping for a reeeeePEAT of 2001 in March 2015. Here’s to chaos and reeeeeeeeCESSION!

Today’s data:
Sheepsumer spending — down, babeh, down!
Manufacturing — down!
QE — dead, buried, and in rotting in hell where it belongs.

[The-Shoveler]

For selfish reasons I too would kind of like to see a significant market crash but I just have my doubts that will occur in the next few years (without some catastrophe external to the market itself).

I don’t think it likely for two reasons,
1)Demographics (millennials coming of age).
2)TPTB don’t want it to happen (and I mean they really don’t want it to happen).

[spdrun]

The good thing for us is that crashes generally happen when least expected. As far as (2), I’m not so sure. Why else did they put conditions in place to create high levels of margin debt? Remember, the wealthy are in charge and the wealthy profit most from blessed corrections. A hard correction every few years is exactly what the wealthy want to keep the rabble and schmucks poor and them in gains.

[Anonymous]

[quote=The-Shoveler]For selfish reasons I too would kind of like to see a significant market crash but I just have my doubts that will occur in the next few years (without some catastrophe external to the market itself).

I don’t think it likely for two reasons,
1)Demographics (millennials coming of age).
2)TPTB don’t want it to happen (and I mean they really don’t want it to happen).[/quote]

What do millennials coming of age have to do with keeping the stock market from crashing?

What makes you think TBTB don’t want it to happen? Or that they can really control it? Were you living in a cave when the market crashed in 2001 or 2008?

[flyer]

“The number of U.S. households with a net worth of $1 million or more, excluding primary residence, was 9.63 million in 2014.” According to a new report from Spectrem Group, a consulting and research firm.

A far lower number than I would have expected–considering all of the market “fanfare” of the past several years.

[The-Shoveler]

“millennials coming of age” IMO means that the housing market and the economy in general will stay active as they will be forming households and renting/buying homes (this should keep things going until 2020).
(the housing market like it or not plays a significant roll in the general economy).

IMO TPTB wanted the 2001 and 2008 crashes, but right now they are in a world wide coordinated fight to save the world economy (except bad payers like russia and venezuela) also to save local and fed Gov pensions.

[livinincali]

[quote=The-Shoveler]
IMO TPTB wanted the 2001 and 2008 crashes, but right now they are in a world wide coordinated fight to save the world economy (except bad payers like russia and venezuela) also to save local and fed Gov pensions.[/quote]

That’s an awful lot of faith in the fed and government’s ability to control bubbles and their outcome. I don’t have nearly that much faith in their ability to control things but when the next bubble pops I suppose you’ll always be able to say that’s when they wanted it to pop.

[The-Shoveler]

Out side of significant catastrophic events (like war),

I believe the USA is in a very unique and enviable position to control it’s economic destiny.
We REALLY don’t need anyone else.

[livinincali]

[quote=The-Shoveler]Out side of significant catastrophic events (like war),

I believe the USA is in a very unique and enviable position to control it’s economic destiny.
We REALLY don’t need anyone else.[/quote]

Didn’t we prove the whole control and decoupling thing was a myth 6 or 7 years ago with China and Subprime is contained. They tried everything to contain subprime and they failed miserably. What makes you think this next set of geniuses is going to have everything under control when the bubble starts to pop again.

[spdrun]

The way our economy is set up, we actually do need other countries, like it or not. This isn’t 1954.

The other thing about millennials is that they’re not popping sprogs at the same rate as other generations. Fewer kids, meaning they can either share, live with parents, or rent for longer vs buying property.

[The-Shoveler]

It’s not that we would WANT to, it’s the fact that we CAN.

very few other counties can say the same.

This can go round and round forever so I leave it here,

IMO TPTB knew all about and wanted the whole sub-prime/2008 recession to occur almost exactly like it did.

Anyway this never goes anywhere so I leave it here and agree to disagree.

[FlyerInHi]

[quote=The-Shoveler]
IMO TPTB knew all about and wanted the whole sub-prime/2008 recession to occur almost exactly like it did.
[/quote]

Who is TPTB? Did they want Dodd-Frank?

Did they really want the crash to occur in 2008 right before the presidential elections?

[The-Shoveler]

So at least several people on this board and Warren Buffett were warning of the subprime and derivatives way in advance of the 2008 crash, so tell me with a straight face.

You honestly believe the Fed and prez’s financial advisers did not know what was going to happen?

[FlyerInHi]

They knew a little late, and they couldn’t control the outcome.

Plus they were ideologically bound. That’s why they let Lehman Brothers fail, thinking that contagion could be contained. I think they regretted the decision.

BTW, I agree with you that we are the strongest of the big economies for many reasons. I see a bright future for America, but I don’t think TPTB can control everything.

[Author]

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