Posted on 06/04/2010 4:48:48 AM PDT by TigerLikesRooster
Wall Street Is Beating a Dead Bull
Adam Lass, Senior Editor, WaveStrength Options Weekly
Thursday, June 03, 2010
tWall Street is drinking its own Kool-Aid when it tells you that the financial markets will jump 27%.
The disconnect would be truly wonderful – if it weren't so truly awful.
We have come to expect the "Axis of Error" – the propaganda colossus that is Washington and Wall Street – to do its level best to obscure the risks an investor undertakes should they choose to buy into this financial market.
From an absolutist's point of view, it's foul, underhanded and morally bankrupt. But then again, it is, after all, their job to sell this pig, and if a little lipstick is required, well, it's the 21st century, and risk is only for the small-minded who don't understand that Wall Street will make money either way.
But there's a funny thing that happens to propagandists. There you are brewing a fresh batch of Kool-Aid, and suddenly you find yourself getting thirsty. Next thing you know, you've absentmindedly drunk down a steaming tumbler of your own poisoned concoction of partial truths, out-of-context statistics, wishful thinking and half-baked economic theories.
(Excerpt) Read more at taipanpublishinggroup.com ...
P!
The markets will continue to decline so long as there is a flaming socialist in the White House and flaming socialists controlling Congress.
In Euro land, too. They are all full of ‘spiteful pride’ even at this time.
” concoction of partial truths, out-of-context statistics, wishful thinking and half-baked economic theories “
Wow - pull no punches and take no prisoners...
Sadly, America has devolved into a nation where the rosy lie is paramount, while the uncomfortable truth is relegated to sleazy back alley ‘gloom&doomers’.....
It ain’t gonna be fun when reality, as it always must, comes roaring forth to reclaim its ascendancy....
Unfortunately, this sentiment permeates over all industrialized countries. Just a difference in degree. insane lies and propaganda in U.S. Same in Europe except that they also have 'spiteful pride' that Euro would never crash. Japan has been that way for 20 years. It had a head start.
China is not far behind.
” China is not far behind. “
China may very well be betting that, should the Korean crisis, or the Middle East quagmire, erupt into open war, and kick over the world’s economic house-of-cards - they will be positioned to rise to the top of the rubble....
They may be right....
It won’t be “fun” for those who own stock, have a 401k or
other investments. Of course there are always those who find “fun” in other people’s misfortunes...
Am amazed that people think putting money into this market is a good idea.
” Of course there are always those who find “fun” in other people’s misfortunes... “
Those who believe that ‘stocks, 401k, or other investments’ are a separate universe, not affecting them, are living in their own fools’ paradise.
However, you can also make a lot of money if you are betting that the market is going down. Most people talk their postions. They may be short the S&P 500, DOW futures, etc. There are also bear market funds that did very well in 2007-2008.
Bah. If your computers are plowing through enough upticks fast enough, and you close out at the end of the day, the profits are still there.
That pretty much sums up the situation.
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