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Stock market researcher, investor
  • In defense of bailouts [Edit or Delete]0 comments
    Aug 4, 2011 12:16 PM
    Stocks still oversold for no good reason
    PE ratio of the S&P 500 now only 12
    80% of S&P 500 companies have beaten estimates for the 11th strait quarter
    Time for a bailout and or QE3 to improve confidence
    Keep in mind that falling yields isn't necessarily bearish, but is instead a sign of abundant global liquidity.

    Dollar for dollar bailouts & rescue plans are perhaps the most effective form of governent intervention. While the Obammi stimulus is regarded as an abject failure by a growing chorus of economists, TARP on the other hand, has been vindicated. It's been nearly 3 years since TARP and still no hint of a relapse, all companies have paid back the money, and the wealth indirectly created via improved confidence and ralling stock markets more than covers the initial $700 billion outlay.
     


     
     
     
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