Stock market is acting like it's 1999 all over again...

[rfranklin]

The denizens of Wall Street seems to be taking ever larger doses of mind-altering drugs. By their estimation its blue skies ahead--witness the action today. First there was pre-opening panic when Intel said their numbers were bad. Now, it's like that never happened and they're going to the moon. Could this be the pump for the consequent dump after the expiration of options in two weeks?

Could the exuberance created by Wall Street swimming in extra cash generated by the tax cut for the ultra wealthy and phoney money printed by Greenspan be fueling this madness?

[mslawstudent]

1. Overseas Markets are rolling

Its all good.
Even though we're not the best economy on the planet the rest of the world is doing great and the US is at a discount now.
Also the Intel news is because of competition from AMD not the overall market so it doesn't matter. (except to intel of course)

[Viva_La_Revolution]

2. Intel dropping revenue projections on CNBC

I never watch this crap, but I was flipping channels and caught it.

Losing some market share to AMD, but also seeing demand slow down.


IMHO
Cars were first, starting last year
Housing is slowing
'big ticket' now.. computers, ect, electronics over $1000
next...
:scared:

[Maggie_May]

3. I believe the party is going to crash

With jobs going overseas and the average Joe's wages going down. Right now companies are recording some huge profits and of course it make sense you send your company oversea you pay low wages and little or no health care costs and you have good profits. But I do see the working ants (thats me) are now slowing down on spending which will eventually will affect the economy.

[TahitiNut]

4. Stock market inflation ...

... merely increases the 'ownership share' of the wealth created by labor. I'm inclined to believe that the average 'ownership share' over the globe is well above 80%. In the US it appears to be about 65%.

[louis-t]

5. I heard it yesterday, who said it?

The quote is "Growth is slowing." We had maybe 2 quarters of growth for the bushies to crow about. Beyond a shadow of a doubt: Republican ideas are self-serving and short-sighted, their economic policies don't work for anyone but a few of their friends, and yet they insist they are not delusional.

[On the Road]

6. Early March Was the Peak Six Years Ago

although that may be too long for investors' memories these days.

It certainly is too long for stock trading programs, which comprise the majority of trading now.

[PsN2Wind]

7. Well, the market goes up and

the market goes down. Wall Street still takes its cut. Life is good when people are buying shares and it's good when they are selling.