I am of the belief that any rally the stock market has is a superficial temporary one. Once the financial markets and all the economic indicators look at the unsustainable government spending of this administration, I believe you will see investors leave the stock market in order to protect themselves against the coming inglationary period. Therefore I believe at some future time and maybe not that far away, the stock market will crash and we will enter a true 1930’s style depression unless moral fiscal and financial responsibility and accountability begin immediately by the government including all state governments as well. I believe consumer and investor confidence is flatlining and will probably remain so for a long time. The government is doing nothing to create jobs except in the govenrment sector which is unsustainable over a long period of time because of wages and benefits that must be paid to these individuals not to mention the unions that will guard their governmment jobs for them.
I am of the belief that any rally the stock market has is a superficial temporary one. Once the financial markets and all the economic indicators look at the unsustainable government spending of this administration, I believe you will see investors leave the stock market in order to protect themselves against the coming inglationary period. Therefore I believe at some future time and maybe not that far away, the stock market will crash and we will enter a true 1930’s style depression unless moral fiscal and financial responsibility and accountability begin immediately by the government including all state governments as well. I believe consumer and investor confidence is flatlining and will probably remain so for a long time. The government is doing nothing to create jobs except in the govenrment sector which is unsustainable over a long period of time because of wages and benefits that must be paid to these individuals not to mention the unions that will guard their governmment jobs for them.
Translation = Dow 10,000 next week
bump