There is a simple reason to buy though - BECAUSE YOU WANT TO BELIEVE THE MARKET CAN MAKE YOU RICH BY SIMPLY BUYING AND DOING NO WORK OR THINKING AT ALL.
Stock Market News
Yesterday on CNBC James Cramer said to buy Facebook stock. On his "Mad Money" show in the evening he suggested that Facebook and other social media stocks will go up for three years.
A lot of people are going to rush in and buy it off the open, because they have been watching it thinking about buying and now will be scared it might go up more without them.
Here is one little scoop for you though - former hedge fund manager William Fleckenstein has been in Davos raising money for a hedge fund that will be designed to short stocks and profit from the next bear market disaster.
The drop is happening because the market peaked out and margin maniacs bought in near the top. So now it dumps.
Once again after the stock market has gone up for twelve months Cramer proclaims on CNBC that people must stop being skeptical of the stock market and buy now.
The reality is the stock market is going up because the Fed is printing billions of dollars of money every month - and we are in a cyclical bull market that began in 2009.
Today Steve Cohen announced that he was shutting down his successful hedge fund.
Video on bullish sentiment that is driving markets and the impact that may have on 2014.
Many of the small players are now getting back into the market and they do not care what price they pay for a stock. They just chase price action and get attracted to hot stories.
Art Cashin on CNBC talks about 2014.
Today's budget deal to increase government spending over the next few years makes it now impossible for the Federal Reserve to eliminate its quantitative easing money printing operation.
I did an interview with This Week in Money over the weekend about my outlook in regards to the stock market and gold for the rest of this year.
Video update on the stock market and gold.
Enjoy the holiday!
The herd has formed.
The HUI gold stock index went into a bear market in 2011 and made a crash bottom this summer. It has since been going through a stage one base which acts as a transition phase between a bear bottom and new bull market.
We have now reached the point where the professionals are no longer using investment techniques to make their decisions in the US stock market.
Today the Drudgereport published a story saying that in just a few weeks Maria Bartiromo is going to leave CNBC to work for FOX.
Yesterday future Federal Reserve Chairperson Janet Yellen introduced herself to Congress and to the world and made statements that helped spur further buying in the stock market.
We have what you can call a cliff hanger chart for the S&P 500. This happens after the stock market runs up for several weeks and sentiment gets extremely bullish. You start to hear people say that valuations no longer matter and YOU MUST buy stocks for whatever new theories they come up with.
Even though the stock market had its dip in the United States thanks to the government shutdown markets all over the world are booming. Europe is taking off.
What we need to think about as investors is where to make money. And you do that by investing in early bull markets or markets that start new bull markets and not ones that are already years into one.
I do not expect the problems to be fixed today or anytime soon. And because of that I made the decision long ago not to expect the government to help me achieve goals in life.
Today I decided to do a video stock market update before the opening bell and show you what is the most dangerous part of the US stock market right now. This is where a bubble has been forming and is growing.
If you ignore the anger and look at what is actually happening today there is no big selling in world markets. Japan is up. A few of the markets in Europe are up and a few are down. But there is no big selling anywhere.
We don't know when the government will open back up or when a deal will be made. All the news was yesterday is that FINALLY after a week the White House and the Republicans in Congress are talking with one another. Up until now all they have been doing is playing to the TV cameras.
I really do not want to say much today, because I don't want to be a part of the TV conversation going on right now. They are all yelling and making partisan arguments, and I really have no interest in being a part of that.
Here is what you need to know about government shut downs. There have been seventeen of them since the 1970's and not a single one of them has caused a crash in the stock market. One of them lasted almost a month.