Mar
16
David K
I am a licensed Contractor in CA with a C-27 license.
The amount of jobs I am bidding on is 25% of the number I bid last year and those that I am bidding are just checking price and I price at below industry standards. I am driving alot less using much less gas. I am not buying materials (30% of last years amount). That is reflected in the commodity markets. Oil is going down. Why? (Note above) Figure it out? Yet the market goes higher 2 days in a row???
Contractors are certainly not doing the investing.
We are in hibernation hoping to wait it out.
We have no confidence it will turn around soon because we remember the 90’s when it all went flat. Problem is the fundamentals are MUCH worse than we remember in the 1990’s.
Look at the amount of jobs we represent. I am not hiring anyone. Abu Dhabi throws 7 billion at Citicorp??? Means nothing if no one is building or remodeling! And they are throwing the weakest dollar in US history so why in the world are people investing???
When things do improve???
How do you we know that will happen??
We are in debt to other countries much more than we ever have before.
The Euro is much stronger than ever before.
They now buy all the cheap goods from China like we do. China and India buy European goods because the quality is better. I know I only buy Stihl or Husqvarna. We make nothing here in the US.
What reason will the dollar have to strengthen?
Pressure to unhinge from the dollar is stronger than ever before.
7 billion dollars in 5 years will be worth
about 4 billion Euros.
And thats if we are lucky.
Economies like Russia and countries with little exposure to the US economy will prosper.
Russian Rubles are difficult to find to trade in but I have $300 invested in them with a little in gold and silver. I hope to invest more in them but rent is my main expense now. Hard to invest with $2000 a month coming in from small jobs.
I am a licensed Contractor in CA with a C-27 license.
The amount of jobs I am bidding on is 25% of the number I bid last year and those that I am bidding are just checking price and I price at below industry standards. I am driving alot less using much less gas. I am not buying materials (30% of last years amount). That is reflected in the commodity markets. Oil is going down. Why? (Note above) Figure it out? Yet the market goes higher 2 days in a row???
Contractors are certainly not doing the investing.
We are in hibernation hoping to wait it out.
We have no confidence it will turn around soon because we remember the 90’s when it all went flat. Problem is the fundamentals are MUCH worse than we remember in the 1990’s.
Look at the amount of jobs we represent. I am not hiring anyone. Abu Dhabi throws 7 billion at Citicorp??? Means nothing if no one is building or remodeling! And they are throwing the weakest dollar in US history so why in the world are people investing???
When things do improve???
How do you we know that will happen??
We are in debt to other countries much more than we ever have before.
The Euro is much stronger than ever before.
They now buy all the cheap goods from China like we do. China and India buy European goods because the quality is better. I know I only buy Stihl or Husqvarna. We make nothing here in the US.
What reason will the dollar have to strengthen?
Pressure to unhinge from the dollar is stronger than ever before.
7 billion dollars in 5 years will be worth
about 4 billion Euros.
And thats if we are lucky.
Economies like Russia and countries with little exposure to the US economy will prosper.
Russian Rubles are difficult to find to trade in but I have $300 invested in them with a little in gold and silver. I hope to invest more in them but rent is my main expense now. Hard to invest with $2000 a month coming in from small jobs.
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2 Responses to “Why is the stock market up? Ridiculous?”
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to own a part of the american dream when things do improve with the dollar. what will that 7 billion be worth in 5 years.
They invest because America is still attractive, and when our stock market does well, or when the dollar is strong it does not mean that every sector of American economics is doing well, it just means on average across all sectors it is doing well. When stocks are not attractive, bonds are. There’s always something that people want in the stock market so long as it stays strong. I’m sorry to hear your sector isn’t doing well, but that doesn’t mean people are stupid for investing, it just means your sector is not attractive at the moment.