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  • You can't stop this economic boom [Edit or Delete]1 comment
    Jun 27, 2011 10:34 AM
    Stocks are surging yet again this morning. I'm 100% certain we're gonna have yet another quarter of blowout earnings, a huge q4 rally to SPX 1450, surging commodity prices, and more whining about job loss, pain at the pump, and debt by the usual bloggers and politicians.
    No lessons were learned not surprisingly. Bonuses, leverage approaching record levels
    stocks love it though and its easy to fix failure with a bailout because money is so cheap these days. It's still  a low, low rate world.
    Oil & UGA are massive buys at these levels. Releasing the strategic oil reserve is a drop in the bucket compared to overall consumption. As soon as the stock market begins its next run higher gas and oil will make new highs, too. Oil will go from $91 barrel to $118 in just a couple weeks. UGA rally from $47 to $59 like it's nothing.
    Oh yea and those 10 year treasury yields will rise just slightly despite this massive stock & commodity inflation. 
    The lib libertarians fail to grasp the concept of how the bond market works. If they did they would know the debt binge sustainable and that the odds of a debt default, double dip recession, or euro crisis is essentially zero.
    And despite record profits & earnings there will be no meaningful job creation , housing keep falling, small biz struggling, more poverty, more food stamps, more Sarah Palin in the news, more free market, and 2 big 2 fail.
    It's still an economic boom even if you can't see it. PE ratio for the S&P 500 sill just 14. 
    Go to and here are the top stories:
    • International court issues arrest warrant for Gadhafi
    • Japan moves 'giant step' toward resolving nuclear crisis
    • Los Angeles Dodgers file for bankruptcy, blame MLB
    • British climber finds six dead mountaineers in French Alps
    • Convicted murderer says he believes Amanda Knox is guilty
    • TSA defends search of elderly woman in Florida
    • Nasty tone of South Bay congressional…- L.A. Times
    • Canyon News - 'True Blood's' Sam Trammell…- Canyon News
    • Peter Falk's Death Inspires Memories Of…- Beverly Hill…
    No stories about the economy, debt or Greece because those things just aren't important.
    The TSA screening of elderly woman is bullish for stocks (which is one reason why they are rallying today) because the TSA is defending the free market from the libs that want to undermine it. I still think we need more defense spending, more wiretap, more patriot act.
    No recession where I live. My house keeps going up. stocks will keep going up.economy doing great.
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  • Although this is very insightful, and true observation, what do you propose we do? I have seen many, many anonymous and non-anonymous posts citing all of above in the last couple of weeks, but don't you think its time we stand up and actually DO SOMETHING? Writing about this in blogs, day after day, will change nothing. As much as we want to, to hope for someone to read this and change the world, the simple truth is, change starts with you.
    13 Jul 2011, 03:18 PM Reply Like
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