The DOW Jones Index is just a few thousand trades from the 13,000 mark.
As of market close on Friday the DOW sat at 12,949.87. That seems almost impossible to believe considering the financial crisis and Great Recession of just a few years ago. The highest the market has ever closed was 14,164.53 back in October 2007. The S&P 500 is currently trading at a P/E Ratio of 22.74 and the average over the last 140 years or so is around a P/E of 16.
Is the economy finally gaining so momentum and getting on stable feet? Or is this just another run up before another big crash?
As Warren Buffett is often quoted: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
The ultimate question is: are a majority of people out there currently fearful or greedy?
While you’re trying to figure out how everyone else feels about the market so you can know how to be opposite of that, here are some solid reads from this week:
CNN Money | Community banks teams up to fight the megabanks
Get Rich Slowly | Paying for College: A High School Student’s Quest to Stay Debt Free
Planting Money Seeds | Looking for Freelance Jobs?
My Journey to Millions | How I Prepare to Meet my Accountant to Do My Income Taxes
PT Money | How to Start a Web Design Business Installing WordPress Websites
Stupid Cents | Solopreneur? Increase Your Productivity by Narrowing Your Focus
Five Cent Nickel | Are Frequent Flyer Miles Taxable?
The Debt Princess | What NOT to Do: Live Above Your Means
Wall Street Journal | Beware Mutual Fund Share-Class Fees
Small Biz Trends | Small Business Filing Can Be Taxing
Consumerism Commentary | Consumer Financial Protection Bureau to Streamline Regulations
Couple Money | Getting All of My 1099s In
Lazy Man and Money | MonaVie, Are You Hacking My Website?
NPR’s Planet Money | Is China an Economic Miracle or a Bubble Waiting to Pop?
Boomer and Echo | Quick Cash Solutions: A Dangerous Game
Mom’s Plans | Mom’s Dining Out Deals eBook
Bloomberg | How Lowering Taxes on the Rich Can Raise Revenue
Young Professional Finances | Costco American Express Card: My Rewards
Free From Broke was featured in the following carnivals this week:
Self Directed Investing For Retirement Carnival – Valentine’s Edition
FamilyMoneyValues: Totally Money Blog Carnival # 54 – Valentine’s Day Edition
Best of Money Carnival #142 | No Debt MBA
Carnival of Personal Finance #348, The Grammy Awards Edition
Yakezie Carnival, Zombie Apocalypse Edition | 101 Centavos
» Carnival Of Financial Camaraderie #20 » My University Money
The Carnival of Financial Camaraderie- Rain Man Edition