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  • Stock Market Keeps Going Up (and Peter Schiff is still a liberal) [Edit or Delete]1 comment
    Sep 16, 2011 10:50 AM
    Stocks up for a 5th day in a row? This crisis is so painful..make it stop lol. I dunno what I'm gonna do with all this $. I hope the crisis doesn't get worse lol. 
     
    Yes. small biz is sunk, housing is sunk, job creation is sunk, but stocks still will keep going up due to robust fundamentals in the areas that REALLY matter: profits earnings, exports, low rates, consumer spending, and productivity.
     
    You know you are a liberal when you underestimate the US consumer. When everything is a crisis, a bubble or double dip. When you think that the economy should 'reset'. When you would choose a bear market and massive wealth destruction over a painless bailout funded by 0% yielding debt. Even Peter Schiff is a liberal because he doesn't like Bernanke. He wants your assets (stocks, real estate, commodities) to be destroyed in a big bear market and depression so that living expenses for mainstreet will fall. This is another form of 'spreading the weath around' but not though taxation and regulation, but through wealth destruction. The outcome is classic Marxism: the highest net worth individuals get poorer and proletarians feel richer. 

    I don't want that nasally nattering nabob of negativism destroying my wealth. Thank god he lost his senate bid.
     
    Predictably, the Obama job bill is a failure. Look at the timing..2013...either he's out of office or a lame duck. His bill is obviously a half-hearted attempt to drum up liberal support before the election. No one is taking the bait and pundits from both political aisles trashed the plan as being useless, and rightfully so.
     
    Housing, small biz, and job creation wasn't important to Wall St. in 2009, it isn't important now, and probably won't be ever again. This is a winner-take-all, large cap, globalization bull market. It's good to be big. Companies like MA IBM MCD AAPL AZO AMZN will keep dominating. Facebook, twitter, linkedin not a bubble. Housing prices in Silicon Valley wil keep going up. More state budget cuts, more potholes, more premtive war, more food stamps, more buy-all-dips.
     
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    Did you buy the dip yet?
    22 Sep 2011, 11:08 PM Reply Like
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