Stockmarkets at record highs - what next?With the economy still in the doldrums - some would say still in recession - stockmarkets are soaring ahead to new highs, so now what do you do? Certainly I'm not buying at these levels, but will there be a pullback big enough to make it worthwhile joining in the fun? Probably, over the next 2 or 3 weeks, so I'll hang on.
According to Warren Buffett, once Bernanke decides to stop the quantitative easing (printing virtual money on his computer screen) then things will start to get 'interesting'. By which Warren Buffett means something not good, in fact not very good at all, so take care out there, but Bernanke is not likely to act any time soon.
The Really Long View on the Stock Market - Wall Street Journal (blog)
The Really Long View on the Stock MarketWall Street Journal (blog)The Dow Jones Industrial Average goes back to May 26, 1896. Richard Sylla goes a lot farther back than that.
... 6 gut checks before the stock market's opening bell - MarketWatch (blog)
6 gut checks before the stock market's opening bellMarketWatch (blog)No need to crack open the hair of the dog just yet. Any hangover from Tuesday's record-high party on the Dow might have to wait another day.
The Stocks the Dow Forgot - Wall Street Journal
NPRThe Stocks the Dow ForgotWall Street JournalBank stocks as measured by the KBW Bank Index are up 27% during the last year, compared with a 12% return for the Dow. But the longer time frame matters most.
#991 03/07/2013 Oscar Carboni Ponders... a Brief Stall in the US Stock Market?