I am not going to be a fool and invest my money in the market. There is no way we can have a better economy under socialism, trillions of dollars in wasted money, incoming massive tax cuts, and inflation.
to rosy an article.
Inflation has not hit yet, and it will. That will change everything.
No matter how bad anyone says it will be, it will be a ZILLION TIMES WORSE!!!!!!1!11!!!1!
I see 108% unemployment, and the complete destruction of all matter and energy in the universe.
Then, come the Laser-Wearing Radioactive Robot Cowboy Zombies wot wear JETPACKS.
And then things get tough.
Golly, he’s so optimistic.
But wait... let’s see what an actual member of the NBER Business Cycle Dating Committee has to say on the subject:
Oh. Looks like June 2009 might not yet be the turning point.
Hahaha this guy should work for the government, he doesn’t have a clue.
“I now think this rally will get to 1060 around July 10.”
BS. Squared.
Pie in the sky nonsense. 70% of our GDP is consumer spending, which was largely propped up by people living beyond their means. People were spending ‘equity’ from their inflated home values that they no longer have. Now that the bubble has burst, they are left only with the debt they incurred during the boom.
That state of affairs cannot and will not return. People don’t have the capacity to spend that kind of money, thus consumption will not return to its previous levels.
It would be far better if the ‘experts’ would just deal with reality instead of trying to game everyone into thinking that everything is alright. Jive talk isn’t going to change this situation.
The Recession is over
Good. I thought it would be over around June 2010, but I guess a year earlier is better...lol. Yes I really wish it was over.
US Stocks In Sharp, Broad-Based Decline; DJIA Down 200 Points
(June 15, 2009): The Dow Jones Industrial Average came into Monday's action up almost 23 points for 2009 but recently gave back more than 200 points, trading down 2.3% at 8593.16. All 30 of its components fell. Among the big losers were Alcoa, down 6%; Boeing, down 4.4% and Wal-Mart Stores, down 2.5%. A rebound in the dollar sparked a nearly across-the-board decline in commodities, which are traded globally in dollar terms. The U.S. Dollar Index was recently up 1%, while the Dow Jones-UBS Commodity Index was down 2%. Crude-oil futures fell $1.56 to $70.48 a barrel in New York.
Nah. This is a temporary uptick because of summer.
I bet this guy thinks that CO2 leads global warming too
The result will be that no matter where someone finally buys stocks during the next couple of years, they will make money in dollar terms. The dollars may not be worth much, but at least there will be more of them.
This guy contradicts his entire rosy forecast at the end of the article. He says you'll indeed make money in the stock market, but the money won't be worth anything.
What's this guy's point?
Come into my parlor, said the spider to the fly.