ALso check adjusted monetray base much different picture painted here.....far off the peak and not growing.
What you see lately in the US stock market is not the votes of Millions of Americans, I believe it is the votes of massive black computer boxes.....and if the wierd action, HFT, lack of real FINREG (not lame shit they passed off), people are catchng onto the stock market game....and losing faith and interest...and in the end the stock market IS NOT a place where we all can win......where we can ALL make money, all retire off of, count on 8% yearsly gains.....it has been exposed as one big ponzi scheme and if you don't get in early enough the risks rise greatly you will get screwed.
Does the stock market always reflect economic reality? I don't think so, we have eroding financial and economic data.....jobless "recovery" contracting, deflating data....they cannot afford to let the main US asset stocks deflate TOO! and I DO believe that some ATLAS is under this thing.....and the putrid weak, limpass volume is ratting it out.
The stock market is a game of MUSICAL CHAIRS of sorts, yes it has avoided collapse for now, it appears it doesn't want to correct or resume its Bear Market......until its sure.....only the are out safely and don't see what is coming....the chairs will be on fire...the door will be a-closing.....people will run like they did on the TITANIC to one end as the boat shifts...one end sinking as the other end lifts high into the air....and then it all goes down! damn Im cheery
I don't know what others are looking at.....but at this juncture in the scheme.....I need more than JUST rising prices not to get happy feet....NOPE, I'll sit this one out, on the sidelines....and scratching my head why more are not talking about the 2.82% YIELD ON THE 10 YR BOND...holy cow!
D
4 comments:
http://globaleconomicanalysis.blogspot.com/2010/07/ecri-wli-in-negative-territory-8.html
Seen the weekly leading indicators lately? Big boys are certainly watching and parking money in treasuries. Sheeple on the other hand will be taken to the woodshed.
http://www.gallup.com/poll/141692/Wells-Fargo-Gallup-Small-Business-Index-Hits-New-Low-July.aspx
And heres your job creator. Small business. They have lost all hope and are depressed beyond anything in recorded history.
Did you hear FRIDAY that COngress couldn't agree and pass a bill to AID small business? They'll take it up again in September!!!! I have a small business, been going for 30 years! for a mere gov loan of $25K an employee (vs $115K it takes stim to create or save job)I could guarantee 20 plus jobs...assholes! banks wont lend to me unless I put my HOME up as collatoral..no thanks!
not a bleepin clue, DO THEY HAVE AND THAT IS THE TOUGHEST THING to come to grips with..a primary up move in the face of ugly raw data!
I understand your frustration. Banks cannot lend to you now. We have passed "peak credit". There is more debt outstanding than can be paid back. So you can forget about bank lending.
Parties supporting small business? You are hallucinating. They never have and never will. Republicans need corporations to pay their campaigns and thats why we are fighting wars we dont need to. This enables corporations in the military industrial complex to fund their campaigns. The democrats use their spending prowess to fund the unions and keep paying obscene benefits to the government sector. Read up on Mishs blog about the benefits and salaries the government sector gets at your expense. Neither party will help you my friend.
Cynical but probably true. And this end to loan creation and its contraction vs expansion is one reason I think the K winter is a reality and can be 70 yr cycle...stocks and real economy don't have to bottom at same time.....I have always felt the march bottom had not but needed to be tested.
NOTHING in our experience (tarp?)and data suggests a V shaped recovery....we got a V shaped bounce. 2.8% 10 yr yields speak of caution.
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