DON"T PUT A PENNY INTO THIS MARKET -- CASH OUT OF ALL MUTUAL FUNDS, ETC
The market is not trading correctly and by that I mean the true valuation of the company they are trading based on ultra loose monetary policy......so when Wall Street decides to pull the plug the stock maket will tank over 50%. The talk is now not what companies are doing but what is the Fed doing? In other words the stock is trading on a Fed sugar high..... Are things better, sure but at what cost??? No one sees the sky high debt as a problem when in fact the US is already bankrupt. So they just keep printing money and putting it into the economy hoping it sticks. And all that money finds it's way into the stock market. Does a healthy market trade like this of course not!!! You don't get 5 and 10%, 50%, 100% moves in companies for no reason. Basically they have made Wall Street into a giant roulette wheel.... roll the ball and if they beat by a penny then +20% for the stock. Take yesterday. TXN announced flat earnings and it jumps 7% to $40??? Hello they announced 0.41 last year and it was trading at $27!!.... Do the math whoever is buying at the top is getting a really bad deal!!