Earnings 7 cents versus 5 cents next quarter, fwd P/E 391, so Greenspammed again!!! 30 YR Bond over 6% as Greenspan tells us how bad we are since the market is bigger than the economy...the alternative is to land all this money, is that what he really wants? 7 to 5 cents is indicative of Greenspan pessimism. Here we sit again with no inflation, low gold prices, a TAX SURPLUS!!! and they keep printing high interest 30 year treasuries, and Fed Reserve notes all to "Sponge in the excess dollars"? You can not truthfully say the economy is overheated and there are not enough jobs for the job market and that productivity will not last, and they recommend that we PUSH it ALL OFF ONTO the future economy 30 YEARS ON THE ROAD AHEAD!!! You can not grow the future without growing the present, and Greenspan has forgotten this fundamental rule of nature and economics because they are all so worried about the short term good life of asia and asian exporters importing into the USA. Time for a change I think. Or we can all say this is all good, and no matter how good GNET earnings are, well what the hell, we deserve to take a few whacks on the head, even when we outperform? With incentives like this, bring back welfare or socialism, since it sure isn't capitalism or free enterprise. I did not complain earlier, because like all capitalists, I guess I did not mind watching the masses get exploited so I can buy up everything cheap.
I am,
Truly yours,
-Crystal ball |
