MSNBC is part of the left's Praetorian Guard. You wouldn't expect them to actually point out how a bad economy actually hurts the stock market, would you? In an election year? That is of course unless they could find a way to blame it on Republicans or the right.
This is just the same old Polly-Anna BS, these Wall Street shills have been saying for a long time. Meanwhile, the US edges ever closer to bankruptcy. What world do these people live in? Folks in you want some grim economic reality, look at what Jim Rogers and Marc Faber have been saying.
Seems like the guy doesn't remember/won't admit that stocks are tied to reality. You just buy them to buy them, right? Like baseball cards and tulip bulbs! It's not like they have any underlying value other than supply/demand, after all.
If you read what the guy says, he pretty much assumes there's going to be tons more bailouts. Given what Mr. Obama's been capable of so far, that's not so bad of a bet.
In a way he's right. Economy tanks, Fed pumps the money, the banks get the money, the banks buy stocks. The value of the stocks doesn't increase, only the number of dollars per share increases. Every dollar spent is worth less and and less.
MSNBC is part of the left's Praetorian Guard. You wouldn't expect them to actually point out how a bad economy actually hurts the stock market, would you? In an election year? That is of course unless they could find a way to blame it on Republicans or the right.
ReplyDeleteWell, it is definitely a contrarian opinion.
ReplyDeleteThis is just the same old Polly-Anna BS, these Wall Street shills have been saying for a long time.
ReplyDeleteMeanwhile, the US edges ever closer to bankruptcy. What world do these people live in?
Folks in you want some grim economic reality, look at what Jim Rogers and Marc Faber have been saying.
Seems like the guy doesn't remember/won't admit that stocks are tied to reality. You just buy them to buy them, right? Like baseball cards and tulip bulbs! It's not like they have any underlying value other than supply/demand, after all.
ReplyDeleteIf you read what the guy says, he pretty much assumes there's going to be tons more bailouts. Given what Mr. Obama's been capable of so far, that's not so bad of a bet.
ReplyDeleteIn a way he's right. Economy tanks, Fed pumps the money, the banks get the money, the banks buy stocks. The value of the stocks doesn't increase, only the number of dollars per share increases. Every dollar spent is worth less and and less.
ReplyDelete