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Nothing Can Hold a Candle to Stocks
Despite suffering a decline in the stock market in 2008, my faith in owning shares of businesses is unshakable. Nothing comes close in performance over the long term, with stocks outperforming every other asset class by a factor of two or more. And after a decade of underperformance relative to other assets, stocks are the asset to own for the coming decade.
Sing along! You know the words!
A Huge Trap Is Being Set By A Vigorous Super Bear
Over the last few months the relationship between the U.S. stock market and the U.S. dollar has been totally inverse. The lower the dollar the higher the stock market. Thus, the bear has been luring inexperienced analysts and investors deeper and deeper into his trap. His mission is to get as many investors as possible fully invested and than he will spring the trap door which will make it very difficult for investors to liquidate their holdings.
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The break in the Euro will cause convulsions in the U.S. and Asian stock markets because China’s currency is pegged to the Dollar.
EU business: strong euro could hurt economy
A stronger euro makes European goods more expensive for dollar-based importers in the U.S. and in Asia. EU nations such as Germany depend largely on exports to drive economic growth.
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
15 hours ago
5 comments:
Stag,
From the credits in the roman candle video:
For the First Time No Serious Injuries....I'm thinking .............That and the fact that we weren't lighting 50 roman candles at a time blowtorches...
What fun is that? It's like taking the ponzi out of our (e)CONomy! It's like actually paying for stuff out of savings or incomes.
This kind of thing is never funny until someone loses an eye. ;)
The growth/energy dynamic is always lurking in the back of my mind.
http://www.sciencedaily.com/releases/2009/11/091123083704.htm
mab,
I could go either way on the Global Warming debate (assuming there even is a healthy debate any longer) but...
"If society consumed no energy, civilization would be worthless," he adds. "It is only by consuming energy that civilization is able to maintain the activities that give it economic value. This means that if we ever start to run out of energy, then the value of civilization is going to fall and even collapse absent discovery of new energy sources."
Let's see. Oil was $11 a barrel in the late 1990s. It's now about $75. Dow Jones Industrial Average 100,000 here we come! Woohoo!
(It may need to do a reverse stock split of course.)
Stag,
I could go either way on the Global Warming debate
I wasn't trying to make a point one way or the other on global warming. But I do think that growth and energy are linked.
I used to think that increased energy costs would cause inflation. I don't think that's necessarily the case now.
mab,
"I used to think that increased energy costs would cause inflation. I don't think that's necessarily the case now."
I hear that. It takes a long time to warm up to the idea but I'm finally there it seems. If speculators pushed oil up to $150 on Monday I'd be ridiculously deflationary going forward, just like I should have been last time.
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