Thursday, November 15, 2012
Oh nothing really.. Just something about Senate Majority leader Harry Reid (D) stating that Social Security was off the table in terms of the Republicans seeking to slash and burn the program during the 'fiscal cliff' negotiations..
And.. something else.. hmm.. oh yes.. President Obama reaffirming his commitment that tax breaks are for those making $250k per year or less, and not for the very wealthy and that capital gains and stock dividends taxes would likely increase...
So more rats and roaches sold off their shares in protest...
Remember how the super-wealthy view themselves: As victims. Whatever taxes they are forced to pay, they never see any direct benefit, thus they want to be as little as humanly possible.
They make too much money to receive Social Security and Medicare and obviously do not need welfare, unemployment or food stamps to survive. They don't take public transportation, don't send their kids to public schools, etc and thus take a 'woe is I' mindset to taxes.
Anyways, back to the market..
Its kinda humorous-- for all the big sell-off that we've seen within the month, we're still nowhere near the 12 month low for the market which was on Nov 25th of 2011 when the Dow closed at 11,254.
Now That's the Power of Federal Reserve stock market manipulation!
And we wonder.. idiots like CNBC's Jim Cramer must be peeing in their britches in fear and concern over this dramatic drop in stocks in such a short span of time, right?
'Jim Cramer: How to Play a Selloff' (The Street)
3 Winning Trades Likely Missed Due to 'Fiscal Cliff' -- "Concerns of a drawn-out battle over the "fiscal cliff" is distracting investors from making money, Jim Cramer said Monday." (CNBC)
But we find what Cramer and other vermin like him in nice expensive clothing does to be despicable.
Even in a highly manipulated and outright Fixed stock market like the one we see today, the idea that every trading day is a 'golden buying opportunity' is an outright L-I-E LIE! There are times when the the best and most ethical advice is to tell someone to Sell their stocks... cut the losses... stop the hemorrhaging...
But you never see that on CNBC, Bloomberg and Fox Business do you? Never ever hear tell anyone to sell... Its either 'Buy!' or 'Hold' as in ride out the wave of terribleness. Then again, why would they??
So the business model is solely dependent on hooking the viewer into pursuing the next best trade... the next best thing.
And ultimately, if you invest, its not our concern. You're not going to be losing our life savings. But we at A&G have good hearts and just hate seeing people taken to the proverbial cleaners because they put their full faith and trust in soulless monsters like Jim Cramer who doesn't give two bleeps about you.
We can also see a scenario in December where the market tanks purposely and in dramatic fashion like it did in October 2008 when it scared the pooper-scooper out of a cowardly Congress to pass TARP by having the market drop in 700-800 daily increments.
The goal of course being to scare Obama and the American people into backing off this adamant stance that they pay more taxes. Now we don't sense a re-elected and re-invigorated Obama giving a damn by this act of financial sabotage and change course in any way..
But desperate people do desperate things for selfish gains and/or for ideology with no concern for how it adversely affects others...
Its really no different than the mindset of terrorists, is it?
Posted by Susquehanna at Thursday, November 15, 2012