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  • I Can't Be Any More Bullish Than I Am Now [Edit or Delete]0 comments
    Apr 9, 2012 1:12 PM

    I can't be any more bullish on stocks, oil, social media, treasuries, and gas prices than I am now. Any dip is a huge buying opportunity because weak job numbers increases the odds of QE. Meanwhile, there's no evidence that the perpetually weak labor market is hurting consumer spending. The economy in terms of profits & earnings, consumption, exports, productivity is still doing better than ever and that's why the huge funds are habitually buying the dips.

    People who go back to college to improve their skills are chumps because no one is hiring and they are only going to increase their personal debt. The high-paying skills that are the most in demand take many years to acquire sufficient proficiency and have cutthroat competition.

    Weekend Headline Roundup:

    CNBC: Financial capitalism is taking over the world and That's a Good Thing

    Bloomberg: the economy is fundamentally sound

    WSJ: Keep buying the dips, Facebook worth $150 billion

    BusinessWeek: Still no recession in Silicon Valley, pain at the pump is transitory, economy doing great

    IBD: Job loss not a big deal, buy the dips, economy doing really great

    SF Chronicle: Facebook worth $200 billion, economy doing really greater and gooder YOY retail earnings

    Wall St. Contributes more to the economy than most industries and main street, with the possible exceptions of web 2.0 and defense spending. Commodities futures modernization act is good for the free market. I agree financial instruments play an important role in the economy even if they aren't well understood. We need more money set aside in case these instruments occasionally fail to keep the damage minimal. Risk taking is an essential part of the economy and the liberals are doing everything possible to punish the risk takers though regulation, taxation, and spreading lies about the economy. Tax payer funded bailouts and moral hazard isn't a big deal because the upside in equities easily covers the cost of the bailout. Tax payers are making back their money in the form of this huge bull market, and furthermore income taxes haven't increased a penny despite record spending. The liberal media and blogs ignored that the treasury has actually turned a profit on TARP. The bond market is giving the signal to policy makers to spend with impunity. Any time Wall St. gets even the slightest whiff of fear treasury yields plunge indicating huge demand for zero percent yielding debt. We have crisis level yields without the crisis and this is a very good thing lol.

    The emphasis should be on consumption, not deficit reduction or job creation. Unemployed people do help the economy by spending more time on facebook, influencing fed policy, and consuming.

    Consumers need to do their part and keep spending as much as possible. Consumers living within their means is a liberal ideal.

    Surging gas and oil prices and weak job growth doesn't pose a threat to the economy or stock market, whatsoever. This ain't the 70's and early 80's. Just because history may rhyme doesn't mean it will repeat. The left yearns for recession, stagflation, oil shocks, gas lines and crisis yet it refuses to happen. Unlike the 70's and early 80's interest rates and taxes are never going up again and we have huge demand for treasuries and massive exports thanks to the BIRC boom. We have companies Facebook, Twitter, Google, Apple and Pinterest that are on the forefront of the inevitable transition to a type one civilization. Exports, high-end real estate, productivity, cloud computing, web 2.0, retail, service sectors is where the growth is. Millennials are uploading millions of pictures a day and composing billions of tweets and status updates. Billions of dollars of transactions are conducted daily with smart phones and social media, colleges seeing record attendance as job seekers try to get an edge in what has become a super competitive job environment, there's no bubble in student loan debt or a bubble in technology. No enough jobs created? Too much debt? Not a problem.

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