Tuesday, May 21, 2013

Buying and Selling in a Bullish Stock Market

Despite a flailing economy, the stock market is breaking records.  Economists say many people are benefiting from low Fed rates, the reason for increased investing, buying, and selling, particularly in housing and related industries.  During Obama’s first term, over 1,000 millionaires a day were added to the economy. The ‘new’ rich are buying and selling like no other time in history. 

Has the bullish market created a false sense of well-being?  I recently came across a quote by Arthur Pink, “the greatest self-deception is thinking everthing is OK when it is not.” I think the bullish market is a sign of the times. Before His return, Jesus said it would be like the days of Noah; then adding, “It was the same in the days of Lot. People were eating and drinking, buying and selling, planting and building” (Luke 17).

The days of Noah and Lot have one common feature: people were going about their normal lives as if everything was OK. “When people are saying, ‘Everything is peaceful and secure,’ then disaster will fall on them as suddenly as a pregnant woman's labor pains begin. And there will be no escape” (1 Thess. 5:3).

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