On Feb 10, 2:54 pm, HK wrote:
Frogwatch wrote:
On Feb 10, 2:36 pm, Keith Nuttle wrote:
Canuck57 wrote:
"HK" wrote in message
...
Frogwatch wrote:
The market reacts to the Porkulus bill, down 283 as Wall St realizes
this spending will cause huge problems without producing any stimulus.
"Wall Street realizes..."?
"Wall Street" is deaf, dumb, and blind, and is totally disconnected from
any sort of reality.
If you "believe" in Wall Street, you are a fool's fool.
Funny, in 30+ years of investing I have never seen the market wrong on
economic futures for more than a few minutes. On daily, weekly, monthly it
has a 100% track record in predicting economic outlook in advance of. It
knew in June, July, August, Sept to the October fall. October in fact was
caused by September when government funded itself exclusively on money
creation!
Wall Street is 100% more accurate than government. In fact the debt crisis
started 2 1/2 years ago and the government did NOTHING! But the markets
knew.
You are right with a twist though. Wall Street and the market is deaf,
dumb, and blind to politicial BS. The politicians can talk all they want,
promise all they want, bailout their buddies all they want, it isn't going
to even going to mater. The makrket only sees and listens to real no BS
results.
I assume that this explains why as today when obama talks the market is
stimulated and looses significant. 2:36pm 370 points and still falling.

Quite a stimulus, down 400 as of 2:55 pm EST

Stocks have been grossly overvalued for years. Now they are down closer
to where they belong. There's only so far a corporation can go with
fraudulent bookkeeping.

Consistency is not to be admired HK when it means being consistently
wrong. Clearly, Obama's ideas have driven the market radically lower
causing the loss of billions of dollars in a few hours. Nothing like
a good start to the inept Obama admin. Is it time for pitchforks and
torches yet?