The Un-Welcomed Message Board

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SI - Site Forums : The Un-Welcomed

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From: Fiscally Conservative	10/14/2011 4:19:00 PM
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This market has been on tear. The Dow moved almost 1200 pts in less than two weeks. How this could be is questionable at the least and unsustainable at the best. da_cheif™ has place me on Ignore and will not allow me to post on his thread. It seems if you do not agree with his lordship than you get the boot. Btw: da chief has been Bullish on this market since inception over two weeks back. This makes me wonder where his lordship gets his information. I do not believe this market is a Buy here and will stay on the sidelines. In all fairness, I did not believe this market was a Buy two weeks ago while he felt otherwise. I do feel this market is rigged against the average American who wants to invest. The problem,imo, centers around the debt ratio to GDP and the governments inability to orchestrate a sustainable resolve to this mess. In fact, one particular manner of course our elected leaders would rather reduce Social Security tax by 1/3 to allow the working stiff more available spending dollars to play with. Social Security was touted for years now for lack of funding against a backdrop of futures retirees. Hmmm and they feel the need to cut SS so to enable the consumer too more cash.. So today )))) we get the retail sales data census.gov and what do you know...they were up. In the face of this I would like too say that Social Security tax on wages was 6.2% up too $106,500.00 of earned income in 2010 But, in 2011, the Social Securityy tax on wages was just 4.2 % up too $106,500.00 of earned income. Thats a difference of 2% of ones disposal income for the vast majority of wages earners. 2% increase in takehome pay can go a long way to helping with retail sales. Bottom line, they will steal from Peter to pay Paul. The onoy difference is you are Peter and Paul. The debt is still there and will not go away. more later

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