Quote:
Originally Posted by Tron_fdc
Thought I'd bump this instead of posting in the US dollar thread.
There are a few opinions floating around that we're in for another dip in the economy. I've been following a few stocks the last year, and I simply cannot believe the meteoric rise in some of them.....Goldman Sachs, Daimler Chrysler to name a few....these are companies that were on the verge of bankruptcy and are now up and trading at levels close to last summer???? WTF????
Call me pessimistic, but does anyone else think this is really weird? Are we free and clear, or are these companies just grossly overvalued right now?
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As I mentioned in the dollar thread I think people are jumping on the "recession is over" boat a little too quick. As was mentioned it seems as though the markets are a somewhat of a mind boggler as it continues to rise while the volumes, usually associated with rising markets, just don't seem to be there yet.
I have a few friends in the industry and they are hesitant to put to much into it because they do honestly feel that what we are seeing is short term and won't last.