This article is extremely relevant to what we are learning in class with The Great Recession. However, in this case, Wall Street is doing really well right now after the quarterly results were released. The S&P 500 is currently trading at around 17.8 times the expected level, which is the highest it has ever been since 2004. The article reveals many bright spots in the economy with the only negative being that Coca Cola's stock has dropped for the fourth straight quarter. Both S&P and Nasdaq are performing well. The S&P 500 index showed 25 new 52-week highs and no new lows, while the Nasdaq recorded 56 new highs and 16 lows. For more numbers on the rise in investment, check out the link below.
http://finance.yahoo.com/news/wall-st-set-higher-open-130105053.html
This is very good new! To have the S&P 500 have 25 new highs and no new lows is incredible! I enjoy following stocks in the market and it is nice to see the economy put up some good numbers across the board. I wonder how long these indexes will continue to excel? I'm looking forward to watching what happens in the upcoming months!
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ReplyDeleteTo follow off of AJ's point, it will be interesting to see how far the stocks will continue to rise. Looking back in history usually what happened with stocks that were high dropped significantly when they dropped and resulted in many negative things such as recessions.
ReplyDeleteThis is very good to see because of all the hardships the U.S. and global economy has had in the last 10 years. However, this always make me think of the cycles that economies usually take. Of course, 2007-2009 was a low point in the U.S. economy, so I am curious if this recent economic boom is a result of the cyclical nature of economies, or a result of good monetary and fiscal policies set by the fed.
ReplyDeleteThis is very good to see because of all the hardships the U.S. and global economy has had in the last 10 years. However, this always make me think of the cycles that economies usually take. Of course, 2007-2009 was a low point in the U.S. economy, so I am curious if this recent economic boom is a result of the cyclical nature of economies, or a result of good monetary and fiscal policies set by the fed.
ReplyDeleteThis is exciting to see, however I agree with Brad. The bigger the rise usually, the faster it goes back down. It will be interesting to see if history will repeat itself or if we can continue to maintain a stable growth.
ReplyDeleteThe article I was reading just now is talking about the worry of global economy is going into a new depression, and this article reveals a good news. That's really interesting. I would say on the background of the shrink of global economy, especially China is experiencing the great stress of depression, it's really inspiring to see that good policies are taken and positive news come out in America. However, it's true that we should pay attention to the potential danger of a quicker decreasing. I would say at this time, maybe more fiscal policy should be taken to keep the economy.
ReplyDeleteThis is very encouraging news for consumers and others interested in the US economy. In recent months, there has been plenty of talk of another recession, mainly spurred on my international volatility. However, this article shows that the US economy is able to thrive by itself, even when other nations are struggling with their economic health. It is very nice to see such positive numbers regarding the US markets and hopefully it continues to improve.
ReplyDeleteThis is an article that gives the economy hope. After such a struggling beginning of the year on the stock market the market needed this. There was an article at the beginning of the year about how the start of the year and end of year tend to have the same results. This will make the rest of the year interesting to see how it plays out. Most likely will expect the stock market to flatten out and then begin to drop like the start of the year.
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