Stock market is 'surging'. - Polidicks

[IMG]http://i2.cdn.turner.com/money/dam/assets/140818152227-dow-year-to-date-620xa.png[/IMG] [QUOTE] The Dow is on track for its best month since February. It's already up over 1.5% in August. And it's not just "blue chip" American stocks in the Dow that are doing well. The Nasdaq, which is loaded with tech and biotech companies, and the S&P 500 are up even more than the Dow. Few would have guessed this performance surge was coming. August got off to a rough start. Some were even warning that a correction -- when the market drops 10% -- might be near. Related: Can the stock market rally keep going? But U.S. stocks have chugged along, despite the ongoing conflicts in Ukraine, Gaza and Iraq. Consider that CNNMoney's Fear & Greed Index still says "extreme fear," but the reading today is 25 compared to a mere 7 a week ago. There's still trepidation, but not as much. On Monday alone, the Dow is up 175 points -- one of the larger single-day moves this year. [/QUOTE] [url]http://money.cnn.com/2014/08/18/investing/stock-market-surge/index.html?hpt=hp_t2[/url]

Waiting for some politician to tout the America speech about the stock market.

[QUOTE=Aide;45731342]Waiting for some politician to tout the America speech about the stock market.[/QUOTE] The stockmarket doesn't mean anything for the middleman unless s/he has his pension invested, or invested money in it him/herself.

and it'll go down again. One Day, it will.

Southwest Airlines to the moon please

Time to hoard up for the next Great Depression.

SSSSUUUUUURRRRRGGGGGEEEEEEE!!

[QUOTE=Svinnik;45731374]Time to hoard up for the next Great Depression.[/QUOTE] What

[QUOTE=avincent;45731419]What[/QUOTE] people like him buy gold and silver thinking the next great collapse is gonna happen

[QUOTE=LoganIsAwesome;45731433]people like him buy gold and silver thinking the next great collapse is gonna happen[/QUOTE] Well that's probably better than the people who prepare by buying canned foods and dragon dildos

Okay, that's great; when will we see the benefit?

Great! So what's that mean for the average citizen?

[QUOTE=Elspin;45731892]Well that's probably better than the people who prepare by buying canned foods and dragon dildos[/QUOTE] Dragon dildos are going to be a valuable commodity in the post-cyberpocalypse.

Sooner or later this country is going to figure out that ever-escalating boom and crash cycles are not a good way to run an economy.

[QUOTE=LoganIsAwesome;45731354]The stockmarket doesn't mean anything for the middleman unless s/he has his pension invested, or invested money in it him/herself.[/QUOTE] Except for increased job security, chances for growth, overall company morale, and confidence in your local and national financial state.

How long before a crash?

[QUOTE=ewitwins;45732015]Great! So what's that mean for the average citizen?[/QUOTE] Investors are confident, so corporations will have more access to capital, to in turn invest in new operations that create more jobs, which can also positively impact other businesses. Well at least that's the theory, but trickle-down economics is also a theory as well. But generally, the stock market is a decent indicator of the health of the economy. [editline]19th August 2014[/editline] [QUOTE=Used Car Salesman;45732526]Sooner or later this country is going to figure out that ever-escalating boom and crash cycles are not a good way to run an economy.[/QUOTE] Nothing wrong with the business cycle as long as sound macroeconomic policy can dampen the effects of downturns, which Australia did very well in the GFC where we had no quarter without growth.

Stocks are for chumps. In a few decades, my 50 states quarter collection is going to be worth a few hundred millions along with my collection of first edition bionicles and I'll be laughing at you all from my orbiting space fortress

For anyone planning to buy in now, a surge like this means you're too late.

[QUOTE=KennyAwsum;45731357]and it'll go down again. One Day, it will.[/QUOTE] What goes up must come down.

[QUOTE=.FLAP.JACK.DAN.;45734232]What goes up must come down.[/QUOTE] helium

Easy come, easy go.

[QUOTE=Bradyns;45734889]Easy come, easy go.[/QUOTE] HIV

[QUOTE]Stock market is 'surging'.[/QUOTE] [img]http://www.wintersweb.nl/images/jurreroosstijn%202009/maart%202009/bellenblaas4.jpg[/img]

I've made 24% since last week due to this recent surge. :D

[QUOTE=LoganIsAwesome;45731354]The stockmarket doesn't mean anything for the middleman unless s/he has his pension invested, or invested money in it him/herself.[/QUOTE] I believe you meant "middle class" and not middleman... And the answer- if you're a working American mid 20's or older and don't have a 401k I suggest you look into contributing to one. Social security's future looks pretty bleak- and best case there is you don't completely starve in old age. A 401k is simply a retirement account which you deposit money into (said monies are completely untaxed)- usually this is invested in a portfolio of stocks and/or bonds and hopefully makes some nice gains over time. Idea being by the time you retire you can live off the interest.

[QUOTE=H8Entitlement;45736132]I believe you meant "middle class" and not middleman... And the answer- if you're a working American mid 20's or older and don't have a 401k I suggest you look into contributing to one. Social security's future looks pretty bleak- and best case there is you don't completely starve in old age. A 401k is simply a retirement account which you deposit money into (said monies are completely untaxed)- usually this is invested in a portfolio of stocks and/or bonds and hopefully makes some nice gains over time. Idea being by the time you retire you can live off the interest.[/QUOTE] Actually, it would be stupid [B]not [/B]to invest. And yes I am currently saving up money to buy a few stocks.

[QUOTE=Maladroit;45734876]helium[/QUOTE] We're actually running out of that at a rate that isn't even funny.

[QUOTE=LoganIsAwesome;45737050]Actually, it would be stupid [B]not [/B]to invest. And yes I am currently saving up money to buy a few stocks.[/QUOTE] Investing is not without risk though. You could lose lots of that money, especially if it crashes again. Banks might be low interest but at least you have a higher chance of not losing your investment. For every stock market big winner there is at least one loser.

[QUOTE=LoganIsAwesome;45737050]Actually, it would be stupid [B]not [/B]to invest. And yes I am currently saving up money to buy a few stocks.[/QUOTE] Get in on that Vanguard Index 500 action and you'll be in good shape. [editline]19th August 2014[/editline] [QUOTE=mdeceiver79;45737289]Investing is not without risk though. You could lose lots of that money, especially if it crashes again. Banks might be low interest but at least you have a higher chance of not losing your investment. For every stock market big winner there is at least one loser.[/QUOTE] True, but an Index 500 mutual fund is a smart risk because it's investing in all of America's top 500 companies. If one drops off the list you stop investing in it, and another one comes off the list. Historically, taking into account the great depression, this keep excellent pace and will pretty much make you money. it's risky in the short term but in the long run it's one of the safest bets imaginable. Should something happen to all of those funds at once and you lose everything then the only money you're going to need is bottlecaps because America is gone. Unless your company has like a Roth IRA or something and they match money your put into it, in which case you would probably want to leverage that before you leverage your Index 500 portfolio.