Manage your account
Make YouPolls.com your home page
Society & Religion
Food & Drink
'Teflon Investors': Stocks On The Rise Despite Shaky Economy
Made popular 2605 days ago in
The economy is slowing, the dollar is falling. Wall Street is laying off workers. Defaults by homeowners are rising. Corporate buyouts have lost momentum.
But none of it has rattled stock market investors. Just weeks after the shock of the summer credit squeeze, they are shaking off one bad report after another, sending shares ever higher. Call them the Teflon investors.
On Monday, the Dow Jones industrial average of 30 blue-chip stocks soared to a new high, even as two major investment banks announced that they lost billions of dollars in the credit market turmoil. Then a positive jobs report Friday gave investors an excuse to buy, and the Standard & Poor's 500-stock index, a broader market measure, surged to a record. But even as investors celebrate, the questions hovering over the economy's future are far from settled.
If you're scratching your head about the seeming disconnect between stocks and the economy, you're not alone. The stock market, after all, is supposed to be a leading indicator of economic performance.
"It's the rest-of-the-world phenomenon," said Joseph Quinlan, chief market strategist at Bank of America. "They're growing. We're exporting more. Global growth is allowing the U.S. to work through its soft patch."
Report This Post
Add To Favorites
Are you anticipating a market "sell off" greater than 10% within three months?
This is not a scientific survey,
to learn more. Results may not total 100% due to rounding and voting descrepencies.
You will have 2 minutes to edit your comment.
Add your comments
Obama plan to shield up to 5 million immigrants from deportation
Made popular 10 days ago
If Obama were to do this, would you favor him being impeached?
Meanbot vs Cleverbot
Made popular 12 days ago
meanbot vs cleverbot
Made popular 18 days ago
Has America rejected
Delta Computer Group - Data Center Service
Made popular 21 days ago
Democrats Deal the Race Card
Made popular 22 days ago
Is this dishonest, despicable and evil?
Code of Conduct
Copyright © 2007-2014 YouPolls, all rights reserved. Designed by
, Powered by