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The S&P Is Crushing It Right Now

Jan. 24, 2013 11:19am Becket Adams

The Standard & Poor’s 500 for the first time since Dec. 10, 2007 is trading above 1,500:

Regarded by many as the most accurate representation of the U.S. stock market, the last time the S&P saw these kinds of numbers it was just before the implosion of the big Wall Street banks and the financial meltdown.

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Comments (25)

right field
Posted on January 24, 2013 at 1:39pm
I now pay more than half of all my income to some form of government in taxes, fees, assessments, user fees, administration fees, government subsidies to those who live off of my efforts – including all government workers and all elected officials and judges and our military. I am not ‘better off’ now than four years ago, or 8 years ago or even 50 years ago. Government keeps taking more, getting bigger and we have no leaders in business, government, higher education, MSM or public education.
Doctors have been shut-up, teachers are radicals, members of our religious community are silent and government and business corruption are beyond description. We The People are frozen in disbelief – We The People are frozen by ‘fear’ of our government.
We are, indeed, “fundamentally changed” and nothing is better for any American – rich or poor, black or white or other, Christian or atheist, man or woman. And the MSM continues to spread lies & deliberately deceive – The media exists to Cover-up and Prop-up and demonize all those who dare to fight back with words, data or opinions.

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woodyee
Posted on January 24, 2013 at 12:17pm
Ooooh! Another chart!

And the S+P is going up because of all the positive numbers that came out of the Christmas sales, and the record number of cars being sold; the record number of people employed and the record amount they are being paid to work; and all the money we’re saving because the deficit is non-existent and our debt is the lowest in history per capita; the recession has been over for 2 years; Benghazi was just much a-do about nothing, Alqaeda has been squashed, there is Peace In Our Time…

Who can argue with the facts?

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john654
Posted on January 24, 2013 at 12:09pm
Message for America and the World: “God Spanks”!

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SamIamTwo
Posted on January 24, 2013 at 12:08pm
I’d not get in stocks right now as it nears higher highs. Buy low, sell high…don’t buy high and try to sell higher. Bound to fall on it face sometime this year…buying into strength takes on a new meaning if you’ve done it in the past and failed. Lessons learned.

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ForMyKidsVA
Posted on January 24, 2013 at 11:52am
The retail investor fled the market long ago. The only individuals I know who are still in the market are those who put all their trust and money into the hands of “caring” stock salesmen who churn and burn their accounts because they are too afraid to make their own monetary decisions. Oh…and idiots who voted Obama and obviously can’t think for themselves and therefor just do whatever the cool kids tell them to do.

The vast majority of what is in the market is fed printed money. It had to go somewhere and the market is its home. Think about it. Billions of dollars being printed every month. Where is it?

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Whatmeworry-never
Posted on January 24, 2013 at 11:52am
Damn the torpedoes, ramming speed, Dear Leader Obama just can’t kill us off yet, he tries and tries so hard. Soros is so pissed at him for not gettingit done, well what do you expect from somone who has never worked for anything but has had it handed to him, no sweat from his brow. Heck study him you will see a flim-flam man at his finest.

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Gonzo
Posted on January 24, 2013 at 11:48am
The markets have doubled since 2008, but the dollar is worth half of what it was…and that’s called progress.

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- barber2
  Posted on January 24, 2013 at 11:56am
  “anti-capitalist progress” aka the Obama Far Left agenda
  
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- brntout
  Posted on January 24, 2013 at 11:57am
  You left out the ives.
  
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- jdtanker
  Posted on January 24, 2013 at 12:14pm
  And we love our gas and food prices now! Under Bush it was unacceptable, but now it’s awesome!
  
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GetPastPolitics
Posted on January 24, 2013 at 11:44am
Ever watch what happens when a “triple top” isn’t broken and confirmed? Take a look at this chart back to 2000. Then watch out below…. http://finance.yahoo.com/echarts?s=%5Egspc+interactive#symbol=^gspc;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

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UNALIEN
Posted on January 24, 2013 at 11:44am
Stock indexes are not the economy… with ZIRP they become a moderate inflation hedge

the Fed is forcing investors to gamble ( in stocks ) as bonds become more risky due to dollar devaluation, inflation driven by massive debt expansion

in other words, investors are choosing risky stocks over bonds as we may be starting to see the largest bubble in history beginning to burst,,, US bonds

stocks give some protection from inflation, bonds get crushed

we are seeing a market shift from a deflationary sentiment to an inflationary one..

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- UNALIEN
  Posted on January 24, 2013 at 11:52am
  the S&P is down around 30% since 2001 when adjusted for inflation,
  
  using a dollar baseline number distorts the real value
  
  the dollar is loosing value and the indexes are denominated in dollars, the gain is not real it is nominal
  
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- UNALIEN
  Posted on January 24, 2013 at 12:07pm
  typo.. “losing”
  
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Fubared
Posted on January 24, 2013 at 11:25am
Silver and lead are looking better and better every day. SupahDupah, why does your emperor not get the whole math thing?

http://www.zerohedge.com/news/2013-01-24/its-official-worst-recovery-ever

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brntout
Posted on January 24, 2013 at 11:25am
And the bubble once again…Bursts. Watch for it.. Watch for it….

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Snowleopard {gallery of cat folks}
Posted on January 24, 2013 at 11:25am
So does this mean the economy, despite the constant efforts of the administration to destroy it, is actually growing or are we on the edge of another disaster?

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- Uncurable wound
  Posted on January 24, 2013 at 11:29am
  Brace for Impact!
  
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- barber2
  Posted on January 24, 2013 at 11:29am
  With the radical Left in the White House , their determination and their Lap Dog Media, I’d bet on crash. The frosting on Obama’s anti-capitalt cake ! Party at Bill Ayer’s house !
  
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- Cavallo
  Posted on January 24, 2013 at 11:30am
  Russian Roulette. The investors are attempting to get their money now before the economy tanks. There is no logical economic model that would cause businesses to be optimistic about future earnings.
  
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- Supah_Patriot
  Posted on January 24, 2013 at 11:30am
  Dow recently hit a 5-year high. Stocks have been doing well for quite some time. Most financial experts agree that the economy is in fact in recovery, albeit a sluggish one. Yes, most financial experts. I’m not including those “experts” that Beck and Rush etc drag out to talk gloom and doom all day.
  
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- Blivit
  Posted on January 24, 2013 at 11:31am
  Thanks to the efforts of the administration the printing of all that spare cash is flowing into the stock market and driving up prices, or perhaps put a different way, the devaluation of the dollar is causing the stocks to look like they are worth more… but in either case its not a good thing that is causing the stock prices to go up even if many people see the results as a good thing.
  
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- txannie
  Posted on January 24, 2013 at 11:31am
  I think we better prepare for a bigger disaster than the last one. I’m afaid this is the calm before the storm and the last one will look like a picnic compared. I hope I’m wrong.
  
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- DoseofReality
  Posted on January 24, 2013 at 11:36am
  Cavallo – you have no idea what youre talking about – corporate earnings are through the roof. Can you guys allow for ANY good news or is everything always spun in a negative way? Are you this negative about every aspect of your life or just your online persona?
  
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- barber2
  Posted on January 24, 2013 at 11:39am
  Crash. Remember the impact of the ACORN pushed ” Affordable ” Housing Act ?! Get ready for the ultimate economic disaster, The ” Affordable ” HealthCare Act. Our radical Democrats have been working on this since the Clinton years…took them a while to destroy the American capitalist economy…
  
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