Posted on 07/25/2010 9:30:06 AM PDT by Steelfish
A sucker rally. And even if there was an economic uptick, the Regime will find a way to throw a wrench in the works. Everyone must be miserable except the Elites (in this case the upper levels of the Nomenklatura, does not apply to those who really earned it).
There was a memorable article in the NYT about 3 months ago about how the economy was “ready to roar.” LMAO!
I’m certain you’ve heard the belief the stock market is a forecaster of the over all economy six months out. That belief has been destroyed the past couple of years.
Since technicals and fundamentals don’t seem to apply anymore, I think your right. The stock market does seem like a casino....but controlled by whom?
A monkey would have a better record at stock picking than these "anal-ysts."
I ask my nephew how he avoided losing his ass when the teck bubble exploded. He said when he was in New york and a cab driver stated giving him investment advice, he went home and converted his stock to cash. He was head of the foreign exchange section of a major, major bank.
Sorry...”your” should read “you’re”.....
Earnings Per Share are up above estimates, but most companies revenues suck in plain english. That means the level of economic activity is still sickly.
Now the headwinds of the following face the markets:
Obamacare, The sunset of the Bush tax cuts and within raising the Capital Gains rate from 15 to 20% and Raising the Dividend Rate to 39.6%
So tell me how potentially smart money won't be looking for the exit door (non qualified money) before 12/31/2010 given these Obama headwinds to their capital?
No, see post 47....
Obama makes me breakout.....in boils, like Job.
The plague and locusts are right around the corner.
Looking forward to deliverance in November.
Leni
Bagdad Bob of the financial world? Sounds as if he got his fax in from the WH.
Is it too late to short alternative energy?
To the Libs at the slimes losing money is great.
It’s in the Slimes so it must be true.
CCBP did just that a couple days ago.
Consumers are preparing to pay higher taxes in hopes of paying down national debt, to bad Congress never stops spending more than they collect.
Quantitative Easing (QE) simply put is the creation of debt to pay for debt (like interest due on existing debt). This excess debt that is/has been created looks for a decent rate of return while sitting waiting to be invested or is invested via the stock market. Can cause stock prices to rises as this debt piles into stock(s) looking for a return on investment. Unfortunately, even rising stock prices at this point in time gets you no where fast as currency’s overall worth is affected by on going debt obligations.
In other words, the markets could go on to make new highs and it wouldn’t mean much in net worth.
the market, if it is getting ready to jump up, usually calls things 6 mos. early. What it MIGHT be seeing is a Republican congress which could stop Mr. Hopeychangey’s agenda...
I was working at start-up, National Semiconductor, when Applied Materials Technology started-up across the street. I eventually left National and worked at Applied for a while, I eventually retired from TI at the end of 1994.
Not as long as the Internationalist Communist Conspiracy Regime (ie Obama) keeps referencing it as a "success".
CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, HOKU, JASO, SFUN, SPWRA, SPWRB
A move up might occur as more investors see big GOP gains coming in November. I'm in the "buy on the rumor, sell on the news" camp, myself. I'm going to be adding to my positions as we get into late summer/early fall, and then take profits (if any) in October. I'm thinking that even if the GOP takes the House, and comes close to taking the Senate, the market will drop after election day, having previously discounted GOP success. And if the Election Day news is not as good as I foresee, stock indexes won't just drop, they'll tank.
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