Friday, August 12, 2011
Today the market went up 125 pts even though, "Confidence among U.S. consumers plunged in August to the lowest level since May 1980... consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62" - Bloomberg
Really not much to add.. anyone with a brain in their head knows the following:
1) The stock market is rigged and Always in Wall St.'s favor, and any rationales for why it goes up or down in a given day is poppycock (always liked that word)
2) Everyone in financial media, Especially those on TV are hucksters and carnival barkers. Instead of selling magic cure-all elixirs full of alcohol and opium, they sell stocks. And ever notice kids, they will Never EVER tell you to sell. You must Always Buy.. Buy.. Buy...and maybe if the world is crashing, you are advised to 'Hold'. If you're a weak minded person, you will follow their advice
3) If you're investing now, you will be having a mental breakdown by late October when you see where the Dow falls to, and how much of your life savings you lost. I won't say more on this right now.. just know you were warned.
4) The Strength and vitality of America; what makes it a Great and Prosperous nation is not based on Wall St and corporations. That is propaganda you've been fed. They actually are a cancer eating the US from within. The true Strength & Vitality comes from Main St.- small and medium sized businesses, communities, individual entrepreneurs and innovators looking to make their mark...
America embraces Corporation like the Israelites of Moses embraced the Golden Calf, but don't forget this wonderful nation started out as a Republic with boundless promise depending on how hard one worked.
Posted by Susquehanna at Friday, August 12, 2011