Quote:
Originally Posted by Claeren
I can't believe the market spiked yesterday, the world is officially on the verge of being out of ammunition to fight the coming meltdown in the world economy and the market spikes!? haha
|
Yeah, I'll admit I was a little surprised at it too. I guess it had to do with the feds cutting rates, but at the same time, the CPI dropped to its lowest since the 30's (?) or something like that...
And I don't really trust a stock like Apple, especially with Steve Jobs in ??? and their product is basically all on fad items.
With stocks, a different perspective is... if the feds are printing cash to replace credit destruction, you'll probably want to hold stocks which will hold up their value while the value of the dollar deflates... no?
PS : Love this article title:
http://www.streetinsider.com/Corpora...y/4246876.html
Shares of Las Vegas Sands (NYSE: LVS) have spiked intraday on no news. The stock most recently traded at $7.27, up more than 16% from yesterday's closing price.