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Yep. I went to microcenter today in Santa Clara. CLOSED. Must be that great economy everyone's talkin about.
Raw
2013 Feb 7, 1:28pm
The stock market is probably the best indicator of future economic activity. Right now it's close to record highs, indicating a strong GDP 6 to 9 months from now.
best indicator of future economic activity
Haha. Like in 2000 right? And you need a ZIRP when the fundamentals are strong? What junk do you smoke?
Raw
2013 Feb 7, 1:34pm
best indicator of future economic activity
Haha. Like in 2000 right? And you need a ZIRP when the fundamentals are strong? What junk do you smoke?
What about 2000?
JodyChunder
2013 Feb 7, 2:21pm
The stock market is probably the best indicator of future economic activity.
It really isn't, at least not in the sense that you suggest.
Bubbabeefcake
2013 Feb 7, 2:54pm
The stock market is probably the best indicator of future economic activity.
It really isn't, at least not in the sense that you suggest.
Fundamentals matters. The market is climbing based on few variables. It is ignoring the slow down in manufacturing. The recession will make the market consider the fundamentals...
varmint
2013 Feb 7, 5:12pm
The stock market is probably the best indicator of future economic activity. Right now it's close to record highs, indicating a strong GDP 6 to 9 months from now.
The stock market is high because corporate earnings are high. Corporate cash reserves are at record. Hiring is poor.
I get what you're saying, but I don't think in tracks history.
What about 2000?
http://www.marketvolume.com/info/stock_market_crashes.asp
The Crash of 2000
From 1992-2000, the markets and the economy experienced a period of record expansion. On September 1, 2000, the NASDAQ traded at 4234.33. From September 2000 to January 2, 2001, the NASDAQ dropped 45.9%. In October 2002, the NASDAQ dropped to as low as 1,108.49 - a 78.4% decline from its all-time high of 5,132.52, the level it had established in March 2000.
Causes of the Crash:
Corporate Corruption. Many companies fraudulently inflated their profits and used accounting loopholes to hide debt. Corporate officers enjoyed outrageous stock options that diluted company stock;
Overvalued Stocks. There were numerous examples of companies making significant operating losses with no hope of turning a profit for years to come, yet sporting a market capitalization of over a billion dollars;
Daytraders and Momentum Investors. The advent of the Internet enabled online trading –a new, quick, and inexpensive way to trade the markets. This revolution led to millions of new investors and traders entering the markets with little or no experience;
Conflict of Interest between Research Firm Analysts and Investment Bankers. It was common practice for the research arms of investment banks to issue favorable ratings on stocks for which their client companies sought to raise capital. In some cases, companies received highly favorable ratings, even though they were actually in serious financial trouble.
A total of 8 trillion dollars of wealth was lost in the crash of 2000.
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=9625#.URRjQ2eTKKU