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Is The Stock Market Rally For Real?

 

Just a few months back in March, the world was coming to an end. The stock market sunk below 7,000; Ford and GM stock were trading at around a buck and casino giants MGM and Las Vegas Sands were ready to shutter their doors.

Fast forward to today and the market is up nearly 3000 points, Ford is up some 800% while MGM and Las Vegas Sands are up some 1000% suggesting people are still buying cars while gambling and visiting Las Vegas.

The $100 question of the day is the stock market rally for real? As you know, the market is a good indicator of the economy 6-9 months down the road. The market is telling us that the recession has peaked and recovery is underway and within 9 months, we will be growing again.

Is it that simply? Is it that easy? The market is never simple or easy. What do you think? Here are your selections:

A. The recession has peaked and recovery is coming within the next 6-9 months.

B. The recession is still here and the recovery will come mid-2010.

C. The market is full of BS and will go back down and we will be in this recession until late 2010-early 2011.

Happy Wednesday!

P.S. ACS personally presented me my own box of cereal, container of cold skim milk and cereal bowl for breakfast today at the Annual Strides event. Now is that thoughtful or what!

This entry was posted on Wednesday, August 12th, 2009 at 3:54 pm and is filed under ACS, Ford, Las Vegas Sands, MGM. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “Is The Stock Market Rally For Real?”

  1. Gary Lincoln Says:
    August 12th, 2009 at 4:12 pm

    The market is full of BS…….Revcovery will be when everybodies 401k plan returns to pre-recession form.

  2. Anonymous Says:
    August 12th, 2009 at 4:54 pm

    I hope its over and still recovering. I just diversified my 401k from stability holdings. It jumped almost 1000$ in a couple days.

  3. CARLY* Says:
    August 13th, 2009 at 8:33 am

    A. The recession has peaked and recovery is coming within the next 6-9 months.

    Optimism is contagious!

  4. eric Says:
    August 13th, 2009 at 5:11 pm

    The market is full of BS. All of the “market indicators”, can we trust them?
    Just like any business, quarterly statements are reviewed and numbers are moved or adjusted to paint a brighter picture. The gov’t is just another business trying to stimulate an economy anyway possible. It’s the gov’t’s way of sparking the economy, all BS