stock_creeper's  Instablog

Wall St.  and the free market is laughing at the losers at occupy Wall St. as the major indexes post yet another session of substantial gains.

This is the Q4 rally I predicted would happen

http://seekingalpha.com/instablog/926530-stock_creeper/187679-getting-ready-for-the-huge-q4-rally

It's hilarious how all of Obama's wealth spreading programs to supposedly help the economy and get re-elected have been epic fails. Job creation = epic fail. Health care reform = epic fail. Wall st. & bank regulation = epic fail. The only successful programs are those created by neocon inspired economic policy; bank bailouts such as the proposed TARP for European banks and the 2008 TARP, which three years later has been deemed an overwhelming success by the vast majority of economists. The DJIA is up a whopping 1,300 points since Bernanke unveiled QE3 and it rallied 30% in the three months following QE2 back in 2011. The DJIA is up nearly 70% since TARP.

Like TARP, QE2 , etc the liberals on the blogs like Peter Schiff and Karl Denninger expected it would cause hyperinflation and fail. To the contrary, profits & earnings for S&P 500 companies keep getting better and better quarter after quarter and there is no economic data suggesting even a trace of hyperinflation (except for food and gas prices, healthcare, education, insurance and stuff like that but those things are supposed to be transitory and volatile) 

Can  downward economic mobility, people falling between the cracks, no job creation be compatible with a strong economy? Yes

How much did stocks rally following Obama's job bill? Zilch. How about the original stimulus ? Nil. Not only does credit for killing Bin Laden go to Obama's predecessors, but so does getting the stock market and economy booming again. The American people still believe in American exceptionalism and the infallibility of the free market. We want things like more Facebook, more productivity, more free trade, and de-regulation, not welfare programs for the 99% losers. That's why Obama's polls keep falling week after week. The libs and libertarian's efforts at wealth spreading is failing as asset classes from web 2.0 valuations, tech & commodity stocks, commodities, and high end real estate (such as where I live) keep going up up and away. We're still in the greatest economic boom ever even if mainstreet can neither see or participate in it.

Obama's bank regulation efforts have had unintended consequences as banks have increased fees to compensate. This obviously isn't helping in the polls.

This is an economic boom of epic proportions of limitless wealth creation driven by consumerism, internet technology, globalization, large caps, productivity and exports; not housing or small biz.

 The secondary market valuation of Groupon is 20% higher today than it was just two weeks ago.  The 99%ers are still losers. I'm still long stocks, still making money. My house still keeps going up everyday. 

Congr

finance.yahoo.com/blogs/daily-ticker/whi...;_ylt=AmxnEfzivfxFggFCgPqrAYgp2YdG;_ylu=X3oDMTE2czNtaDNsBG1pdANEVCBJbmRleARwb3MDNDAEc2VjA01lZGlhQmxvZ0luZGV4;_ylg=X3oDMTFpMm9iMzh1BGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANibG9nBHB0A3NlY3Rpb25z;_ylv=3

The Federal Reserve, which has tried everything it can think of over the past two years to resuscitate the economy, is now reportedly telling Congress behind closed doors that it has done all it can and that it's Congress's turn to do something.

Congress, meanwhile, appears intent on not doing anything: Yesterday, the Senate quickly voted down President Obama's jobs bill, which would have been killed in the House.

And then, suddenly, just when it seemed like no one was going to do anything, the Wall Street Journal reported that the Fed is now considering launching a new round of "quantitative easing" designed to bring down mortgage rates, thus making it cheaper to buy and own houses.

The market loves that idea, and stocks rose to start the day on Friday.