Appearing on Fox Business, Capital Wave Strategist Shah Gilani engaged in the age old debate: Bullish or bearish?
Shah made the bullish case, saying the stock market's rising and investors may want to jump in.
"I think you got to be in it to win it," Gilani said. "You got to stay in the market as long as the trend is up."
On the other side was Dan Shaffer of Shaffer Asset Management. He had a decidedly bearish view, warning of a "deflationary depression"
Why I'm Calling a Market Top
Party like it's 1999.
I'm not talking about celebrating the new millennium all over again. I'm talking about celebrating the markets roaring ahead, like they did in 1999.
Just remember: There will be a price to pay. There was then, and there will be again.
Look what happened on Monday morning. We got some weaker-than-expected economic numbers and the Dow cut its gains in half... for about a minute.
Then it was like, oh, wait a minute, those bad numbers are good numbers for the stock market, because the Federal Reserve won't be tapering any time soon if the economy is tapering. And the Dow roared up by about 65 points... in about a minute.
So go ahead and party like it's 1999. But if you get hammered by the coming crash, you've got no one to blame but yourself. And it is coming.
We've all been here before. This time it just looks different, but it ain't.
Stock Market Today: June off to a Guarded Start
The first trading day of June got off to a muted start at the opening of the stock market today.
Shortly before noon, the Dow Jones Industrial Average added 34.66, or 0.23%, to 15,150.23. The Standard & Poor's 500 Index slipped 6.42, or 0.39%, to 1,624,32. The Nasdaq gave back 33.87, or 0.98%, to hit 3,422.04.
Market participants were hoping for a rebound in today's stock market following Friday's steep sell-off.
Jitters over tumbling Japanese stocks and worries about the Fed winding down its market-supportive bond-buying program sent stocks spiraling Friday, the last trading day of May.
How to Find Stock Market Crash Protection for Your Portfolio
Thanks to billions of dollars in quantitative easing from the U.S. Federal Reserve, fears over a looming stock market crash have been put on hold lately.
The Standard & Poor's 500 Index is up 16% this year. The market's outstanding performance has shrugged off weak earnings reports, slowing growth in China, and continued weakness in Europe.
It seems that zero interest rates really do trump all. Even Warren Buffett is unsure how all this ends, telling shareholders at the Berkshire Hathaway (NYSE: BRK.A, BRK.B) annual meeting "it's really uncharted territory. It's a lot easier to buy things sometimes than it is to sell them."
And I recently heard legendary real estate investors who at a conference compared the market to a game of musical chairs where everyone keeps playing because the music - QE - is still going.
Why the Bulls Are Back in the Stock Market Today
The stock market today is off to a strong start with the Dow Jones Industrial Average up more than 150 points around noon.
Right out of the gate, the Dow advanced 107.78, or 0.70%, to 15,410.88, the Standard & Poor's spiked 14.82, or 0.90%, to 1,664.42, and the Nasdaq jumped 40.47, or 1.17%, to 3,499.61.
Boosting the stock market today were accommodative comments from international central banks that the printing presses won't be turned off anytime soon.
The Bank of Japan and the European Central Bank both reaffirmed that their easy money policies will remain intact as long as necessary. The news sent European and Asian markets all up more than 1%, with the momentum spilling over to the United States.
Stock Market Today Reacts to Merger Monday on Wall Street
It was a muted start for U.S. equities when the stock market today (Monday) opened. But by mid-day, the bulls were back and benchmarks marched higher.
Just before noon, the Dow Jones Industrial Average rose 13.41, or 0.09%, to 15,354.40. The Standard & Poor's 500 Index added 2.54, or 0.15%, to 1,670.01. The Nasdaq was higher by 6.42, or 0.18%, to 3,505.39
Year-to-date, the Dow is up 17.17%, the S&P up 16.92% and the Nasdaq 15.88%. Moreover, the number of stocks in the S&P hitting 52-week highs rose to 37.2%, according to Bespoke Investment Group, proof the rally is indeed broad based.
Stock Market Today: Starting the Week in the Red
The stock market today (Monday) paused on news that a U.S. Federal Reserve policy shift may not be as far away as people think.
Just before noon, the Dow Jones Industrial Average was lower by 34.22, or 0.23% at 15,084.27. The Standard & Poor's 500 Index was flat at 1,632.97. The Nasdaq eked out a 0.02% gain, or 1.08 points, at 3,438.12.
Last week, equities continued their seemingly unstoppable climb with the Dow and the S&P closing at records several times. The Dow ended the week up 1%, the S&P 1.2%, and the Nasdaq 1.7%.
Now with all three indexes up 15% year-to-date, many investors have turned cautions.
Why the S&P 500 is Actually Nowhere Near an All-Time High
Celebrations of the S&P 500's recent string of all-time high closes have been premature, as it turns out.
Yes, the Standard & Poor's 500 index set another nominal record today (Tuesday) with a close of 1,625.96.
But that doesn't account for inflation. If you apply Yale Professor Robert Shiller's CAPE ratio, the S&P 500's all-time high was somewhere north of 2,000 back in the year 2000 - some 24% below today's record close.
While that might sound like great news for Wall Street's bulls, Shiller's data - which has proven strikingly accurate at predicting long-term market trends - isn't nearly so optimistic about where the markets are headed over the next decade.
Stock Market this Week: Will Dow Soar Past 15,000?
The Dow Jones Industrial Average hit 15,000 Friday - so will the stock market this week see another new high?
Money Morning Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." program Monday morning to discuss how much higher the market can go. Listen to Keith's take on what's ahead for investors.
Q&A With Shah Gilani: How to Protect Yourself Against the Coming Meltdown
The month of April brought in more than 1,000 comments, questions, posts, shares, "likes," and emails from you and your fellow readers. That's an Insights & Indictments record. It shows that you're thinking, that you're mad as hell about what you see, and you want to do something about it.
First, please keep helping me get the word out about the crimes and lies being perpetrated by our "leaders." Forward these emails; share my articles online. Spread the word however you can. Together, we can make our voices heard. We can make this country better for our kids and grandkids.
Second, at your request, I'm working on something big. I believe this could be the vehicle for the change you all want to see. We're going after the "permanent political class" getting cozy in Washington in a brand-new way. And don't think Wall Street is safe. We're going after them, too. We're going to shake them both up and demand reform.
I saw some brilliant comments and questions from my last two articles - about Congressional term limits and breaking up the too-big-to-fail banks. For today's Q&A, I purposely didn't include those. I want to address them in a different way. You'll see what I mean.
Lots else to cover this month... so let's get to it.