GZ,
I'm not focusing in on you....don't interpret my comments that way...even though I posted to you.
I'm so frustrated at market sentiment it kills me. I remember the exuberance this spring...then this summer and that's where my frustrations comes from.
now, suddenly valuations are too high for investors...BS, this mentality will drive us into the abyss. So, what happens now...if we continue this mindless mindset...we drag the globe into a severe recession....no one will buy oil and people will eventually lose their jobs for what? stupidity....oil isn't a factor...it's supply /demand...demand will be reduced once people decide consuming it at these prices isn't worth it...we won't go broke...poorer nations will suffer...we will create real crisis because of the strength of the Dollar...you want to see real trouble ....if we keep on this course it will be a self-fulfilling prophesy...a REAL BEAR market will happen. We won't be hurt much...the global economy will, we will be able to afford all the new technology, but not many others will...our corporations will will hurt as a real bear market stops growth...for what? fear...not war...stupidity...if the dollar weakens on this the world suffers, productivity gains ends, and our glorious future is at risk....government spending...LOL, forget about it...debt reduction? forget about it....
yes, I'm beginning to get excited, this crap feeds upon itself. Where does it end? Why would we start a death spiral? A need for failure? I doubt it....you want double digit inflation, double digit interest rates? This is how you get there. What started this? Oil consumption? I don't think so.( excessive interest rate hikes got us here, tied to inflation risks, no excessive growth and prosperity?)At what point does the economy slow too much? 2-3 percent?
...somewhere, in this rambling I have a point....no more senseless than this market sentiment
I suggest everyone listens very closely to the presidential candidates tonight....do you want investment? do you want government spending, do you want tax cuts? Foreigners better pay attention also...your prosperity is at risk also....our future prosperity will decide your fate as well.
OPEC...you better take serious consideration also in the future growth of nations....are we at a crossroads?
Economic expansion is necessary....expansion w/ minimal inflation is good. Kill the expansion and you got trouble...If the rest of the world can't pick up the slack you got trouble....yes, the artificial interest rate level plays a role. Since Europe/Asia has stalled the USA MUST lower it's rates. And soon. The dollar is strong because our economy has made it strong. Our leadership position requires we have the correct policies. Intervening in the Euro and Oil markets aren't my ideas of correct policies....sorry I'm so opinionated. But, something seems to be out of wack here in Denmark<g>
...frustration speaks, my points are to the extremes occurring out of our control....my rational goes out the window also with this. I know what recession is, I know what a bear market is...I don't want to see it unnecessarily...if I sound crazed so be it. Lets turn before confidence and wealth IS broken or past a point of return...it can happen. I certainly wish I could express these thoughts in a more smoother manner....I could be very wrong and we've been in a bear market for the last 8 months already. Some people believe this is normal...but in a growing economy at approx 5 percent and minimal inflation I have a problem when the markets are in the red.
sorry to ramble...I hope I expressed more than stupidity. back to my silent mode. |
