.... I've been explaining why interest rates are going to stay low (very low) for decades... Well, except for the fact the all predictions are garbage, this is encouraging news for investors. With low rates, savers have noplace to put their money other than stocks, if they want it to grow. Banks are paying diddly-squat. My bank pays 0.05% and I've told my branch manager that I wished they'd email me the monthly statement and not waste the stamp. The stamps costs more than the interest they pay me.=====================As far a predictions, to go with the "study" that CC linked predicting a 30 to 60 percent market decline ...(Posted on another board, cross-posted here.)http://www.businessinsider.com/henry-blodget-merrills-rosenb..."Merrill's economist David Rosenberg wants to warn you again that this boomlet is all just a sucker's rally. In fact, he thinks the market is headed to startling new lows. Why? .. models .. we know what the risks are to the view. It seems pretty one-sided.""will take the S&P 500 to new lows before the bear market runs its course" "the S&P 500 gravitate in a 475-650 range"Seems pretty firm prediction. 4 bullet-points of why the market will crash soon.Oh. Dated April 2009. When the S&P500 was 900. Instead of the predicted cut-in-half, the S&P doubled. 900 to 2000.All predictions are garbage. Whatever you want to believe, you can find scholarly articles that agree with you.
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