Ha! I've been to DU and it's official, dims do not want the economy to rebound. Look at this lament!
Why is the market going up SO DAMN MUCH???!
Ok, maybe I'm just p!ssed because I pulled 95% of my cash out of the market 6 months ago..I just have absolutely NO CONFIDENCE in this administration to manage the economy...In retrospect however, I see how I probably made the biggest mistake of my life. All of my co-workers 401k accounts are up dramatically, wiping out pretty much all of the losses of the past two years, and I sit here in a crappy money market earning less than 1% during the same time period. The DOW and S&P are up 30% and the tech stocks are up 50% over the past 6 months. So what do I do? With 6% unemployment, how the **** can stocks be up??? This proves beyond a doubt to me that big business is NOT on our side. These corporations are able to inflate their stock prices endlessly by firing workers...wall street thrives on this. The reason I posted this is because I'm trying to get some perspective, and I'm worried that if this continues, our hopes of winning next year go out the window. Big business is obviously doing whatever they need to do to prop up their stock prices in time for dubya's re-selection campaign next year, and there isn't a damn thing we can do about it? Should I buy now and put my money to work for dubya?? HELL NO!!! Besides, I can't bring myself to buy the same mutual funds I sold at such a higher price.. responses aren't much better...
Hint for the morons, the president doesn't control the stock market. What a bunch of maroons.