2nd round of stimulus discussed on Fox Business this morning! Any rule can, and WILL, change at any time to keep the bulls running. Don't be BEARISH and get SLAUGHTERED!
Cant believe how positive you are about the government and the fed propping up the entire system, things will never get back normal with all this stimulus. I have no idea why anyone is taking this as a positive, even if we get to new highs in the markets over the next 2 years or 2 months its all due to intervention in the market place. The markets could soar 500% between now and 2020 however when reality FINALLLLLLLY kicks in the global market and economies are going to fall harder than ever before. The bulls can have all the fun they want now with the trillions the fed is pumping in, however everyone knows good times do not last long on wallstreet, especially when there are free handouts and bubbles. As always the markets can soar another 100% or 1000% but like everyone has seen in the last 10 years the market has gone NO WHERE, so expect the same thing for another 10 years or better yet expect another LOST DECADE.
CNBC just had a guest correctly pointing out that, no matter what your political views are, you have to follow the money! Imagine being a bear and losing money nearly every day. You then scratch your head wondering how it happened. All of this against the backdrop of the LARGEST economic entity in history saying they will "FORCEFULLY" use "ANY TOOL" to keep the bull running. And you know the bears are aware of this dynamic because they are angry about it! Doesn't make sense!
You're absolutely right. They'll keep the dam plugged until the one day when they can't and the whole world comes crashing down around them. But until then, it is better to follow price, even if it's stupid.
Do not let anger at the government make you lose money! READ it for what it is! The entire resources of the U.S. will be deployed to ensure the bull keeps running! This is the SEA CHANGE that no one is talking about - or if the are talking about it, they then become INEXPLICABLY BEARISH! This BEARISHNESS is hard to get rid of because it SEDUCES you into FEELING SMARTER than the next guy, for when the market magically "turns around". MAKE MONEY instead! It feels better!
Housing benefits extended. Unemployment will also be extended. ANY of "the rules" will change at ANY time in order to keep the economy up and the BULL RUNNING!
Our representatives are treating this country like an amusement park. Just give it time, there's nothing holding this country together for the long term. We sold out many of our much needed jobs(engineering/design work) to other countries, the drop in the dollar - well that's good for exports however we have nothing to export, and inflation which is going to sky rocket and the country will fall flat on its face once again. And then there's the big kicker... credit.