• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Drudgereport

Latest news from around the world

  • Submit
  • Disclaimers
  • About
  • DMCA
  • Privacy Policy
  • Contact
You are here: Home / How American stocks could continue to climb

How American stocks could continue to climb

I N THE "Society of the Spectacle", published in the 1960s, Guy Debord, a leading theorist in a group of provocateurs known as the Situationists, depicts a culture in thrall to mass media where appearance is more important than fact and representation is preferred to reality. It is an unsettling book and not one that finance types would normally reach for. But after a strange year, the idea of the markets as spectacle has an appealing logic. A Debordian might say that their primary role is no longer capital allocation, or even enrichment, but entertainment. How else to make sense of stock prices driven haywire by social-media mobs or celebrities selling shares in shell companies? A reckoning feels due. And as 2021 draws to a close, markets seem nervy. Speculative assets, such as bitcoin, are down from their peaks. Even habitual bulls agree that 2022 will be difficult. On December 15th the Federal Reserve talked tough on inflation and signalled that it would end its asset purchases by mid-March and then start raising rates. Yet there is an even more troubling possibility: that investors conquer their nerves and bid prices of stocks still higher. America's stockmarket has proved surprisingly resilient…. Read full this story

  • Federal Reserve’s bond plan boosts world stocks and commodities
  • US stock futures retreat slightly following Thursday's rally
  • Stock futures plummet as the election remains on a knife-edge after rising sharply during Trump's strong early results
  • Fauci says Americans could start getting coronavirus vaccines 'very likely before the end of this year' and says he has 'no intention' of leaving his NIH job when President-elect Biden takes office
  • Oil rises on declining U.S. crude stocks, hopes for COVID-19 vaccine
  • US election: Stocks shake off election wobbles, as tech leads big rally
  • Airline, hotel, and travel stocks poised for Monday rally on Pfizer vaccine news
  • Stocks burst higher, S&P 500 at record on vaccine hopes
  • President-elect Joe Biden Cautions US Faces ‘Dark Winter,’ Implores Americans To ‘Wear A Mask’
  • US confirms 10 MILLION coronavirus cases as daily infections surged by 60% over the last two weeks and hospitalizations near the July peak of 60,000 - but average deaths hover below 1,000 a day
How American stocks could continue to climb have 357 words, post on www.economist.com at December 18, 2021. This is cached page on Drudgereport. If you want remove this page, please contact us.

Primary Sidebar

RSS Drudgereport

  • No more tragedies like this
  • Korea’s money supply grows for third straight month
  • Hyundai Motor to recall over 70,000 vehicles over faulty parts
  • Discount shopping coupons offered by government, stockpiles released
  • Emart swings to loss in Q2 on increased expenses, tax

Sponsored Links

  • District CPI(M) to tighten monitoring of members
  • The Speaker who stifled debate
  • Asian Champions Trophy | Dilpreet ’tricks as India wins big
  • AP source: Biden, Manchin sharply divided over $2T Dem bill
  • Biden picks Caroline Kennedy, Michelle Kwan for ambassadors
  • Indonesia’s 2021 human rights record ‘alarming’: Amnesty
  • No move to include Tulu in Eighth Schedule: Centre
  • VHP urges State Govt. to ban Popular Front of India after attack on police
  • Akshaya Patra Foundation to start noon-meal scheme in Jan.
  • In Kerala, the IUML is at a disadvantage
Copyright © 2022 Drudgereport. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story