Thursday, November 02, 2006

Economic Fears Spook Stocks

What a bunch of absolute crap - if you believe that for an instant you are as big a moron as the moron who wrote it. I know, I know they're just doing their job - but boy it would be interesting every little once in awhile to see some semblance of truth - the market is way way way oversold - it must rest.

Here is the facts jack - the reports are of times past - I.E. the bottom of the economy was months ago - we are now in the recovery - the stock market is not the economy. How many times do you have to hear that before it sinks in - the stock market is a discounting mechanism - all the news is in the market 6 months before you hear about it. So what happened six months ago - the stock market went down. Then it started to go back up again. Now it must rest because it went up so far and so fast (in anticipation of a Democratic win in the House and Senate I might add) it needs to catch its breath and take a rest. It truly is that simple - 10 or 20 days from now it will resume its progress upward again and all will be right with the world.


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