Wednesday, July 27, 2011

6 MONTH TRADING ZONE

They will, they won't they might, big deal. Fact is this county owes $14.5 T and it will keep growing no matter what.

The private work force keeps shrinking, the government workforce keeps growing. Stimulus, ZERO % FED funds rate, gaming, have helped buoy stocks, done little for employment, housing and general economy. I won't say we shouldn't have done something, I am saying it hasn't been effective and money flowed to places not desired, like commodities, putting the breaks on consumer spending and some corporate profits.

I DO NOT SEE STOCKS AS A BARGAIN HERE. So pass a debt ceiling deal or not, that is short term stuff, long term......we got a shitload of problems and issues no one seems to want to tackle

D

No comments: