President Barack Obama Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sr K who wrote (119636)	9/1/2012 1:15:25 AM
From: RetiredNow	Read Replies (1) of 149317

Day to day stock market movements mean nothing. I know that Bernanke has thrown some magic pixie dust around and that has many Americans believing that as the stock market goes, so goes our economy, but that is only true in a free market. What we have now is a highly interventionist Fed that is actively manipulating both the bond and stock markets. Those markets are not representing underlying fundamentals of the economy anymore. That only happens in free markets where price discovery is a function of supply and demand and risk and reward. Right now the bond and stock markets are simply a function of what people think the Fed will do next. Meanwhile, the real economy is deteriorating by many macro measures. You'd think that as smart as Bernanke is, he'd one day wake up and wonder why his policies of the last few years didn't create a sustainable recovery, or a recovery at all. The only thing his policies did was buy us time, which Congress squandered. Now the stimulative effects are wearing off and Bernanke doesn't have much more ammo. Uh oh.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next