the 1% (2)

Admin

What Are The 1% Investing In Now?


"The market is not cheap but it is not especially expensive either," writes Laszlo Birinyi, calling for the S&P 500 to take out 1,970 between now and the end of September.

Lackluster economic data, so-so corporate earnings, and blowups in many Internet, social media, and biotech names aren't a concern, but instead a positive.

"The overall market is shrugging off the tech and biotech problems, and that’s important ... [it's] “the last stage of a great bull market. It’s the exuberant phase.”

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Admin
Interesting today was the Janice Yellen addressed the distribution of wealth and the effect that Fed policy has has on income inequality. Mentioning the Koch brothers at least three (3) times and that continuance of same not only affects taxpayers ability to influence democracy but can affect social stability. This is the first time I've EVER heard any Fed member address this and it will be interesting to see if such "speak" continues going forward.

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