Posted on 11/23/2013 1:15:05 PM PST by Kaslin
Unicorns, skittles, rainbows and a Dow above 16,000.
You’d be in the black too if the Fed was funneling $85 billion per month (~50/50 split) between buying US Treasury T-bills and stock equities using funny electronic scrip.
The market reflects confidence, and business is the only thing anyone with money to invest has any confidence in.
Well don’t expect me to cheer the stock market as long as this economy doesn’t have a job for me.
Everyone knows this is a BS rally.
I really like Charles Payne.
Made some money on his picks too.
“Well dont expect me to cheer the stock market as long as this economy doesnt have a job for me.”
The Dow broke 16K BECAUSE there are no American jobs in it; the best way for a company to drive up its stock is to lay off American workers, and when everything is priced in inflated dollars the number itself becomes meaningless.
Asians are celebrating this; they have the workers and increasingly, the shareholders. Companies listed on our stock exchanges aren’t American companies; they are international companies, initially selling products made here overseas, now selling products made overseas all over the world. When the two largest countries in the world have over a billion people each (nearly a third of the global population), countries like ours are miniscule in a consumer-driven economy; this becomes especially pronounced when we no longer have anything to buy anything (since we don’t have worthwhile jobs which afford us discretionary income)
That is the gist of it.
T-Bills or CDs? Nope.
Keeping your money in the bank (with its 0.1% interest, and uncertain 'health' of the dollar)? - Nope.
Real Estate? Knowing that it has been on a bubble and the Government can raise property taxes at a whim (California has had Proposition 13 in its Gunsights for nearly a decade... They will come up with some excuse to void it - in order to fund their over-promised and overdrawn pension funds)? - Nope.
Gold? - A good case could be made - but it already had a good run, and there is so much one can easily keep without being exposed to major theft. - So, Nope.
I agree - as shaky as it is - investing in businesses (stocks) is the least of the available evils...
Well there is one better. An investment that will never let you down...
Matthew 6:19-20 Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
When the “How to Day-Trade” books start coming out again, we’ll know were in the end days.
When I was a young man, they built big buildings called factories, filled them with machines, and manufactured stuff.
When I was middle aged, they built big buildings called warehouses, and filled them with goods from overseas.
Now that I’m old, they don’t even build buildings.
There was no fanfare because Bernanke and Obama don’t want anybody looking into why the market is doing so well when the rest of the economy is tanking.
Well put; the new construction around me is condo/apartment complexes and self-storage units - all to transition Americans to our “new normal” low standard of living where home ownership and stable communities of taxpayers are things of the past. Our new businesses are tattoo parlors, hair salons, Hispanic fast food joints (for Hispanic clientele), a pawn shop, and pet grooming places (for American clientele - the last generation of Anglo-Americans in NJ).
But of course we're still making dollars.
There were plenty of crowds and confetti when the Titanic made history...More people will be destroyed when the market finally has to “correct” than were destroyed with the Titanic.
Carlyle (probably the most politically connected private equity outfit in the US) is buying trailer parks. That’s great insight into the future of the USA.
http://www.zerohedge.com/news/2013-10-18/carlyle-group%E2%80%99s-latest-investment-trailer-parks
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