Jobs, Wall Street, Main Street and your 401K

Jobs, Wall Street, Main Street and your 401K

Posted: Updated:

Murray Feldman, Fox 2 News-Detroit

WHY HAS THE STOCK MARKET HIT NEW HIGHS?

Because the Federal Reserve has been dumping $85 Billion dollars into the financial markets every month. That does two things. It keeps long term interest rates low, so it'll boost spending, housing,etc and stimulate the economy,. but it also  sends investors into in the stock market looking for higher returns than they can get on bonds.. That's what has lifted stocks.

HOW LONG WILL THE FED DO THIS?

Until they see the economy is growing enough on it's own.

ENTER THE LATEST JOBS REPORT; 175,000 NEW JOBS  ADDED IN MAY.

This is not enough to pull us out of the jobs crisis so it is weak. Wall street loves it. It shows some jobs are being created--but not enough to spur 'real' 'significant' growth, which means the Fed will probably keep dumping billions into the market.

Soooooooo... weak news on Main Street turns out to be good news on Wall Street.

WHAT TO LOOK FOR : Signs that the economy is going great guns. When that happens the Fed will begin to ease out of it's stimulus plan. When that happens the winds will change--and good news on Main Street may mean bad news on Wall Street. Your nice 401-K statements may begin look sad.

HOW LONG TILL THAT HAPPENS: Estimates are that it will happen before the end of the year.

  • Murray FeldmanMurray FeldmanMore>>

  • More than 600 file lawsuit against GM over ignition switches

    More than 600 file lawsuit against GM over ignition switches

    Wednesday, July 30 2014 4:04 PM EDT2014-07-30 20:04:48 GMT
    Another legal bump in the road for General Motors. Now, a lawsuit has been filed by more than 600 people. They say they had GM cars recalled for faulty ignition switches and suffered injures, or are related to someone who died in a crash. They filed the lawsuit because they say they are not covered in the victims compensation program. Their problems came apparently after the bankruptcy. the law suit was filed in New York.The lawsuit filed Tuesday in U.S. District Court names 29 people who wer...
    Another legal bump in the road for General Motors. Now, a lawsuit has been filed by more than 600 people. They say they had GM cars recalled for faulty ignition switches and suffered injures, or are related to someone who died in a crash. They filed the lawsuit because they say they are not covered in the victims compensation program. Their problems came apparently after the bankruptcy. the law suit was filed in New York.The lawsuit filed Tuesday in U.S. District Court names 29 people who wer...
  • Money Monday: Social media safety

    Money Monday: Social media safety

    Monday, July 7 2014 9:31 AM EDT2014-07-07 13:31:18 GMT
    The internet is like an elephant -- it never forgets. While spoken words leave little trace and are quickly forgotten, written words endure in the online environment. Whatever you post, tweet, update, share -- even if it's deleted immediately afterwards -- has the potential to be captured by someone, somewhere, without your knowledge.
    The internet is like an elephant -- it never forgets. While spoken words leave little trace and are quickly forgotten, written words endure in the online environment. Whatever you post, tweet, update, share -- even if it's deleted immediately afterwards -- has the potential to be captured by someone, somewhere, without your knowledge.
  • Money Monday: No one has a crystal ball on the market

    Money Monday: No one has a crystal ball on the market

    Monday, June 30 2014 10:44 AM EDT2014-06-30 14:44:05 GMT
    Jonathan Citrin of Citrin Group talks about how make investments after so-called experts were flat wrong about predicting how the market will perform.Play the video in the player to see his interview with Murray Feldman.Click here to learn more about the Citrin Group.
    Jonathan Citrin of Citrin Group talks about how make investments after so-called experts were flat wrong about predicting how the market will perform.Play the video in the player to see his interview with Murray Feldman.Click here to learn more about the Citrin Group.
  • Local NewsLocal NewsMore>>

  • Two arrested after federal agent shootout in Highland Park

    Two arrested after federal agent shootout in Highland Park

    Friday, August 1 2014 8:38 PM EDT2014-08-02 00:38:26 GMT
    In what started as a traffic stop, resulted in a shootout between federal agents and a pair of men known to have illegal assault rifles in Highland Park.Police say a task force of ATF and FBI agents who had previously set up a meet with two men, known to have AK-47s and AR-15s in their Chevrolet Cavalier, began to move in. The traffic stop was made near Oakland and Victor about 7:30 p.m. Friday. The car rammed the federal agents vehicle and the driver opened fire with a handgun. The agents re...
    In what started as a traffic stop, resulted in a shootout between federal agents and a pair of men known to have illegal assault rifles in Highland Park.Police say a task force of ATF and FBI agents who had previously set up a meet with two men, known to have AK-47s and AR-15s in their Chevrolet Cavalier, began to move in. The traffic stop was made near Oakland and Victor about 7:30 p.m. Friday. The car rammed the federal agents vehicle and the driver opened fire with a handgun. The agents re...
  • New DTE app lets users check their energy use

    New DTE app lets users check their energy use

    Friday, August 1 2014 7:59 PM EDT2014-08-01 23:59:24 GMT
    Joel Miller, a senior strategist with DTE Energy, gave us some insight -- on DTE insight. The new, free smart phone app helps customers see their energy use hour by hour -- or minute by minute."By studying your data and by looking around your home you can discover what things are using energy," Miller said. Then, you make choices -- replace appliances or physically turn off whatever's not needed -- or is wasting energy, and save money on your energy bill in the process."I think for a lot of u...
    Joel Miller, a senior strategist with DTE Energy, gave us some insight -- on DTE insight. The new, free smart phone app helps customers see their energy use hour by hour -- or minute by minute."By studying your data and by looking around your home you can discover what things are using energy," Miller said. Then, you make choices -- replace appliances or physically turn off whatever's not needed -- or is wasting energy, and save money on your energy bill in the process."I think for a lot of u...
  • Backyard Bliss: The Brown family's backyard

    Backyard Bliss: The Brown family's backyard

    Friday, August 1 2014 7:07 PM EDT2014-08-01 23:07:48 GMT
    Living is easy in the summertime, and some of the very best times are often found right in our own backyard.
    Living is easy in the summertime, and some of the very best times are often found right in our own backyard.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices