Are people INSANE?
How many times do people have to be hit in the head with data before they STOP listening to the people whose jobs TOTALLY DEPEND on everyone NOT panicking and moving out of stocks?
Declining GDP (the most blatant con-artists can't deny it now); Argentina (not if, but when does it blow); unemployment (I guess they can still say it HAS been worse -- but just wait!); unemployment claims (not so easy to get a new job anymore, but WILL get worse); consumer confidence (just beginning to affect spending -- weekends are still brisk -- when that dies, the funeral home must be called); manufacturing activity continues to slow (only 15 STRAIGHT BAD months -- I guess this means nothing about future sales???); terrorism (what ignorant doublespeak here -- VP says more Americans will die on US soil than overseas. I guess people take this to mean, "There's no way we will lose more than 5000 soldiers, and the threat here is gone, so let's party on!"); fed cutting more and faster than anytime in history and ending 30-year bonds in great manipulation to try and keep real estate from crashing ("we don't need 30-year bonds anymore" -- WHAT A LOAD OF GARBAGE. DO THEY THINK EVERYONE IS BLIND TO THE SPENDING GOING ON NOW?) while President trying to get stimulus packages going -- this obviously all means NOTHING, right! -- they are SCARED $hi%less; terrorist spending here and abroad will KILL plans for domestic programs, social security help, and GIVE IT UP that talk about a surplus. Can you say DEFICIT, BORROW, DEBT?; and finally, the phrase about "as GM goes, so goes the country" -- if true, then you better catch a boat for some place else right now (don't forget to get your money OUT of the stock market no matter what the people with SELFISH MOTIVES tell you because it might not be there when your boat lands), because with all the 0% car-selling going on, the automobile industry has just applied a tourniquet to stop the bleeding but put it on SO TIGHT that the patient will now DIE from NO blood flow in about 6 months.
Unfortunately, most people who have all their money in the stock market only get information from sources that ONLY exist and function if the markets don't crash, so the die has been cast for most people.
I remain,
SOROS |
