Hi Eski,
Thanks for the post. I get so tickled at the Econ 101 crowd who would have you believe it is not Economically Correct to be bullish on the markets when if most would look over their shoulder for the last 105 or so years there has been very little impediment to the 20 degree line of ascension on the chart and let's see, were there not several wars in there during this time frame? Well I'll be damned, sho was.
Yep, like Margin Mike says, the Fed and the Houses are just going to let this little old market go right in the toilet without lifting a finger. To hell with our economy and the other world economies and The Houses are all just going to sell out and put all their money in those VERY ATTRACTIVE BONDS. Boy, look at those returns, 6.19%, wow I hope they don't run out of them. Yep, and geez, I almost forgot about the Fed and it's little 25 or 50 basis points. Gee, I can just see everyone selling their Cisco because their borrowing might go up a smidge. Like I have said before, if losing 43 cents a share will not bring Amazon down, I don't think a little old interest rate hike will do it either.
Some people just love to have something to worry about. The worse that will happen even with the eventual rise of 75 basis points is about 4 weeks of the houses selling into strength to take advantage of the little retail investor that believes this crap.
Sho is a shame.
The only thing in here to be alert to is the Time Capsule and the next one begins on Tuesday.
Voltaire |
