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+--- Thread: Why is the market surprisingly high during right now with the fiscal cliff thing going on? (/thread-54827.html)
Why is the market surprisingly high during right now with the fiscal cliff thing going on? - Lois Griffin - 01-16-2013 12:00 PM
- Go with the flow - 01-16-2013 12:08 PM
Maybe companies are making money by laying off people.
That's what I hear on the news almost every day.
Or, they are just avoiding full timers to avoid paying benefits.
Part timers are cheap and you can hire more of them.
I hope that investors are not expecting super inflation in the future.
- raysor - 01-16-2013 12:08 PM
The market looks ahead (maybe 6 months or more).
- David - 01-16-2013 12:08 PM
Markets love to climb a wall of worry.
The fiscal cliff thing is just another flash in the pan of gov't stupidity. The markets are "high" right now because of the infusion of QE1, QE2, QE3, Operation Twist, bailouts, handouts of more free money, more food stamps, etc.
There is no fundamental reason for the markets to be at all-time highs; all hocus-pocus of debt creation--your gov't at work.
Debasing the value of money by creating more of it is nothing new or esoteric. Irresponsible governments have done this, not just for centuries, but for thousands of years. It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.
"Do not blame Caesar, blame the people of Rome who have so enthusiastically acclaimed and adored him and rejoiced in their loss of freedom and danced in his path and given him triumphal processions. Blame the people who hail him when he speaks in the Forum of the new wonderful good society which shall now be Rome's, interpreted to mean more money, more ease, more security, and more living fatly at the expense of the industrious." --Roman philosopher and statesman Marcus Tullius Cicero (106-43 BC)
If the American people desire to emulate the social-democratic polices of Europe, then they must either pay for it or follow these same nations over the fiscal cliff into financial and societal chaos.
- Paul Burruezo - 01-16-2013 12:08 PM
it;s all based on news speculation, and right now the people are worried about the fiscal cliff, but they still have some hope a deal will pull thru thats why markets are doing well for now.
- Adithya - 01-16-2013 12:08 PM
there is a strong hope that this fiscal cliff will be avoided, leading to strong dollars and hence market and equities..