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Pork and Change
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. You win the non-sec award of the day. |
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