Posts by Jeff Macke

  • Market at highs belies economic reality: Schiff

    Jeff Macke at Yahoo Finance2 days ago

    The burden of proof for explaining the markets isn’t on the bulls. Time frame matters when it comes to investing so it’s always wise to give a scenario some breathing room to develop, but as of the close today we will be two-thirds of the way through 2014 and the S&P 500 (^GSPC) is up 8%. Over the last 52 weeks equities have gained more than 20%. Over two years stocks the S&P 500 is up nearly 42%

    The horsemen of the apocalypse bears that have been drawing our attention for ages just haven’t been doing their part. Gold (measured by the GLD ETF) is up a respectable 6.7% in 2014 but off 8.7% in the last year. Inflation is almost non-existent as a practical matter. Unemployment is improving. After a choppy start to the year GDP for Q2 came in at a revised 4.2% yesterday.

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