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Author Topic: NASDAQ reached a new all-time high this week  (Read 2020 times)
chmod755
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April 25, 2015, 12:40:18 AM
 #1

I didn't even realize that the Nasdaq never surpassed the 2000 high until now (I'm only 25 so I didn't really watch international stock markets in 2000).

Quote
The Nasdaq index closed above 5,056 Thursday, a new record which practically speaking means…. well, nothing. But it is a historical marker, since the tech and growth-stock heavy index marked its last record of 5,048 in March 2000, just before the Internet bubble burst.

I guess it's time for a new rally with COIN (hopefully ready when the BitLicense is finalized) and some Nasdaq companies (MSFT, EXPE, OSTK, ...) accepting Bitcoin.

Source: http://time.com/money/3722539/nasdaq-500-what-the-world-looked-like-last-time/

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shawshankinmate37927
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April 26, 2015, 12:27:21 PM
 #2

And some people say that there's no inflation...

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
AtheistAKASaneBrain
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April 26, 2015, 03:18:30 PM
 #3

We need a proper NASDAQ of Bitcoin, and that is exactly what the Winklevoss brothers are aiming at with their Gemini exchange, which has been in the works for a long time now. When will they release it?
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April 26, 2015, 04:28:42 PM
 #4

And some people say that there's no inflation...

Why are you mentioning inflation here? Inflation is talking about the price level of goods and services increasing - stock price increases because those Nasdaq companies are much bigger now.

And who says that there is no inflation?


Price level of goods and services increasing is not inflation. Its the result of the increase of the money supply, which should be considered inflation!

If you think about inflation this way you can understand the OP's statement.


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April 26, 2015, 07:56:26 PM
 #5

If you were to invest in a stock that benefits from Bitcoin what would it be? Are there any that are legitimate to be trusted?
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April 27, 2015, 01:45:27 PM
 #6

And some people say that there's no inflation...

 Grin - it happens because of the great economy...




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April 27, 2015, 05:00:39 PM
 #7

And some people say that there's no inflation...

 Grin - it happens because of the great economy...





How is this sustainable?

looks like, blow off top pattern to me...

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April 28, 2015, 03:00:58 AM
Last edit: April 28, 2015, 05:00:48 AM by Lethn
 #8

And some people say that there's no inflation...

Why are you mentioning inflation here? Inflation is talking about the price level of goods and services increasing - stock price increases because those Nasdaq companies are much bigger now.

And who says that there is no inflation?

Completely wrong, mainsream economists have been talking about inflation in the wrong context so it's no surprise people keep repeating this, inflation is to do with the currency supply, drastic price rises like what we are seeing in the NASDAQ are a strong indicator of money printing which is the real cause of inflation because of course the banks are getting all that money from the federal reserve and are using it to pump their favourite stocks.

That being said, prices by themselves aren't necessarily the best indicator of inflation, it's far bettre to look at the currency supply and the federal reserve has drastically increased that.

This is from their official site: http://www.federalreserve.gov/paymentsystems/coin_currcircvolume.htm

If anyone tells me that there's no inflation or even hyperinflation after looking at that table, they're either lying or in flat out denial, inflation isn't something that just magically occurs in the markets.
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April 28, 2015, 01:38:00 PM
 #9

this time, It's Different  Shocked

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April 28, 2015, 01:41:39 PM
 #10

I want to jump on this wagon of telling chmod755 he is incorrect.

chmod755- you are incorrect.

It is a fact that inflation of the currency supply is MUCH higher than the 'inflation' reported by governments (inflation in money supply of GBP/USD/EUR is ~10% compared to ~2% RPI/CPI over last decade or so). My understanding is that the difference between these two figures is caused by the 'new' money getting given primarily to the rich. The rich tend to spend their money on financial assets (shares, components of NASDAQ) and houses.

If financial assets and houses were included in the measures of RPI/CPI, then they would approximately equal the inflation of the money supply itself.

Also, this is the primary cause of the increasing wealth gap between the rich and poor in nearly all developed countries. It is an inevitable side effect of fiat currencies.

Also, stop going on about the actual definition of the word 'inflation'. This is just arguing semantics which is always pointless. So, the error that you are making isn't that you understand the word incorrectly, the error you are making is that you are not accepting that the increase in NASDAQ is caused by inflation of the money supply- not by 'the companies getting bigger'.
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April 28, 2015, 01:44:52 PM
 #11

On another note, it seems perhaps bitcoin will be like gold, in that its performance is inversely correlated to the general economy? Stocks are doing great across the western world (plus China) while bitcoin has slumped, as has gold.

Maybe we just need to sit tight until stuff starts going wrong? Like in Greece in a few weeks?
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April 28, 2015, 07:50:13 PM
 #12

it only means the collapse will be louder

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April 28, 2015, 07:55:01 PM
 #13

Oh great, your money is being stolen at even higher rates. This is a great time for a billionaire to become a trillionaire. Or for a normal person to become penniless. 

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April 29, 2015, 01:16:19 PM
 #14

Completely wrong, mainsream economists have been talking about inflation in the wrong context so it's no surprise people keep repeating this, inflation is to do with the currency supply, drastic price rises like what we are seeing in the NASDAQ are a strong indicator of money printing which is the real cause of inflation because of course the banks are getting all that money from the federal reserve and are using it to pump their favourite stocks.

Money printing can be a reason for inflation, but the meaning of the word is: the increase of the price of goods and services. You can try redefining it, but most people will keep using the term as defined by 'mainstream economists'. There are two factors for pricing: supply and demand - money printing only affects the currency supply.

A stock is hardly comparable to goods and services, because companies grow - goods and services don't.

No that's not the meaning of the word, as I said, the actual meaning is to do with currency supply and always will, also, money printing doesn't affect the supply at all, as the supply increases so does the price, because you are having to earn more of that currency in order to pay for the goods and services that you need because the overall currency supply is being increased the stores who provide the services and good are having to increase their prices to match up to the prices of other people who are adapting to the increased money printing.

That's what inflation actually is, while there certainly is a more natural order for prices between supply and demand money printing can drastically affect this depending on how much the overall supply of the currency is changed.
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April 29, 2015, 04:24:01 PM
 #15

Its only a matter of time one of these private companies decide to go public.

And then the average american can invest tradtionally to like coinbase or whatever.
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April 29, 2015, 05:45:46 PM
 #16

Its only a matter of time one of these private companies decide to go public.

And then the average american can invest tradtionally to like coinbase or whatever.

The Winklevoss brothers should bring the BTC equivalent of NASDAQ with Gemini, which would translate into all that big, clueless old money flowing into the BTC market (because they didn't knew how to buy BTC before).
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April 29, 2015, 11:19:30 PM
 #17

Its only a matter of time one of these private companies decide to go public.

And then the average american can invest tradtionally to like coinbase or whatever.

The Winklevoss brothers should bring the BTC equivalent of NASDAQ with Gemini, which would translate into all that big, clueless old money flowing into the BTC market (because they didn't knew how to buy BTC before).

Yeah, but its shame that the whole etf proposal was back in 2012?

And its 2015 now.. so like either they forgot about it, or they just said fuck it lets just make an exchange instead if the etf was failure. There no updates regarding to what I know they informed on with that whole route.

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May 01, 2015, 12:38:49 AM
 #18

Oh great, your money is being stolen at even higher rates. This is a great time for a billionaire to become a trillionaire. Or for a normal person to become penniless.  

Dont worry the government will take care of you  Wink

They will give you welfare and pay you to become poor, isnt that magnificent?

After all socialism is so wonderful, we can all be equal... equally poor, while the fat cats on the top of the pyramid laugh at us how pathetic slaves we are...



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May 01, 2015, 11:06:28 AM
 #19

And some people say that there's no inflation...

Why are you mentioning inflation here? Inflation is talking about the price level of goods and services increasing - stock price increases because those Nasdaq companies are much bigger now.

And who says that there is no inflation?

Your definition is one out of several possible, reflected in the fact that governments produce a whole range of indexes. But you could also define inflation (price inflation) as an index of all prices. It would probably be hard to measure, but such an index would be also be a measure of the value of the money unit. If all prices on average increases by X, the value of the money unit is reduced by X.



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umair01
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May 01, 2015, 04:25:00 PM
 #20

So i guess more rich folks becoming richer overnight, now if we can only get the private companies,banks,financial houses & consumers to sway this side of the BTC,we would have some of the + efect
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