Encouraging Economic News Sends US Stocks Higher! Will this continue or is it just temporary!

LTC Private RallyPoint Member — Wed, 03 Jun 2015 15:30:14 -0400

I pray that this trend will continue for at least the remainder of the year and give us all a bit of a break from the fears of another slide in the Economy. I am encouraged by the numbers and hope for sustainment and growth in our Awesome Country!

http://abcnews.go.com/Business/wireStory/encouraging-job-market-news-sends-us-stocks-higher-31494901

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Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News

Response by SGM Private RallyPoint Member made Jun 3 at 2015 3:30 PM

SGM Private RallyPoint Member — Wed, 03 Jun 2015 15:30:46 -0400

Yes. Should be a interesting year if you pardon the pun

Response by LCDR Private RallyPoint Member made Jun 3 at 2015 3:31 PM

LCDR Private RallyPoint Member — Wed, 03 Jun 2015 15:31:49 -0400

Low oil prices with a strong dollar will continue to stifle the economy for at least a few more quarters.

Response by SGT James Elphick made Jun 3 at 2015 4:20 PM

SGT James Elphick — Wed, 03 Jun 2015 16:20:35 -0400

We are a consumer economy running out of consumers with disposable income, I wouldn't get too excited. Plus, the standard corporate business model is still to drive stock price higher, even if it is overly inflated, to please shareholders even though it is well known this will lead to a crash.

Response by PO1 William "Chip" Nagel made Jun 3 at 2015 4:34 PM

PO1 William "Chip" Nagel — Wed, 03 Jun 2015 16:34:12 -0400

I would love to credit this or that but I think it is just normal cyclic behavior.