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CategoryMonthly Archive
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September 18, 2009Stock Market Rally Supported by 20% of Consumers with Substantial AssetsThe stock market continues to rise to a disbelieving chorus of many hedge fund managers who are simply along for the ride and a mostly noncommittal investing public. Readers of my blog may know that I am invested in equities, various mutual funds and ETFs, and gold and silver. Continue reading » Stock Market Rally Supported by 20% of Consumers with Substantial Assets | Permalink | Comments (0) | August 10, 2009Economist Richard Hoey Sees Stock Market Climbing a Wall of SkepticismBNY Mellon and Dreyfus Chief Economist, Richard Hoey, elaborated on the potential for a continuing bull market in stocks (though not without corrections) in an August 7, 2009 interview on CNBC. The Dow Jones industrial Average closed at 9370.07 on that date. Hoey stated "we are at a particular cyclical moment." Further, he said that the global recession is over and that the leading economic indicators for every major country in the world are rising. "We are going to have rising real GNP for practically every significant country in the world in the third quarter," Hoey stated. Continue reading » Economist Richard Hoey Sees Stock Market Climbing a Wall of Skepticism | Permalink | Comments (0) | July 28, 2009Is the Stock Market Rally for Real? "Yes," says Richard Hoey of BNY Mellon & DreyfusEconomist Richard Hoey of BNY Mellon & Dreyfus is a veteran forecaster with many prescient calls to his credit. In an interview on July 27th on CNBC, Hoey stated that "the evidence is now clear cut" that the Fed has done enough to stabilize the financial system. He further stated that a "classic recession bottom" is in place and he expects 3 to 3 ½% economic growth in 2010. Continue reading » Is the Stock Market Rally for Real? "Yes," says Richard Hoey of BNY Mellon & Dreyfus | Permalink | Comments (0) |  |
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