WASHINGTON – "A healthy economy needs bustling Main Streets and a thriving middle class even more than a healthy stock market, President Barack Obama said as he reaffirmed his commitment to work hard for America's hardworking men and women."
"But Obama said that, for a decade, middle-class families have experienced stagnant incomes and declining economic security while tax breaks were given to companies that shifted jobs overseas and Wall Street firms reaped huge profits." *(not wall street friendly)
"But Obama said that, for a decade, middle-class families have experienced stagnant incomes and declining economic security while tax breaks were given to companies that shifted jobs overseas and Wall Street firms reaped huge profits." *(not wall street friendly)
Over regulated, over taxed small businesses can barely sustain let alone thrive and create jobs.
AAII investors poll shows BEARS above long term average, good chance this will get corrected before decline can continue, that said.......the market is RULES by COMPUTER trading and I'm not so sure how important the individual sentiment is anymore.
Stocks are below levels of 10 years ago!.....so if retirees are to live off their retirement funds more than not will have to liquidate assets as living off YIELD or RETURNS not possible....so principal may be sold.....also cannot easily sell homes to downsize as planned.
AT BEST IMHO this puts stock into a longer term to IT term range bound area that WILL dissapoint....mindlessly running into bonds may also bring pain.....few options remain.....older Americans perhaps remaining in workforce longer than planned.
I showed that Consumer sentiment polls remain BELOW previous recessionary levels.......Consumer sentiment has always been a good indicator of future spending trends.
8 MILLION or more out of jobs....stopped paying mortgages and dropped life insurance......this supporting spending....for now.
If Banks are not required to have ON BOOKS REALISTIC VALUES of mortgage paper they hold, then how can they state REAL EARNINGS? which IMHO are INFLATING S&P 500 earnings reports which make stocks look more reasonable then perhaps they are.....
WILL going into next year the BUSH tax cuts expire? IS that not Obama's intentions? HOW will stocks react if that seems inevitable? STOCKS that pay dividends will be LESS ATTRACTIVE.
Service said to produce jobs, yet ISM Services index fell!!!???? DAMNIT a rally based on BS is doomed to fail and on LOW volume......and in the market is mostly institutions and big financial trading houses.....2 ugly bears, FAILED GOV and FED policies that led to the manias and bubbles which bursting caused the crisis......the FOX is STILL in the HENHOUSE.
Duratek
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