Wednesday, October 03, 2018

This is insanity...Dow closes in on 27,000????

via Reuters.
At 13:04 p.m. EDT, the Dow Jones Industrial Average .DJI was up 158.12 points, or 0.59 percent, at 26,932.06, the S&P 500 .SPX was up 12.98 points, or 0.44 percent, at 2,936.41 and the Nasdaq Composite .IXIC was up 49.23 points, or 0.62 percent, at 8,048.77.

The Dow is closing on the 27,000 mark and the S&P is mere points away from its all-time high.
This is batshit crazy!

I'm not even an economist and I can see that this market is so freaking inflated that the correction is gonna WRECK things.

Gotta research some stuff but it seems like the predictions of a major recession coming soon HAVE TO BE right.

27K stock market with the economy we have?  This truly is voodoo economics!  In a normal economy with it reaching 27K we should have almost 10 percent growth, real deal full time employment, record profits, low energy costs, low labor costs so on and so forth...

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