SPX: Flat for the Year

Congratulations!

Your investment returns Year-to-date are = 0.00%

Be sure to thank your friendly "Fed-Model-says-stocks-are-cheap / Sub-prime-doesn't-matter / Valuations-are-reasonable / Buybacks are great / Consumers-are-fine / Earnings-are-great / there-is-no-inflation" perma-bull for all their great advice.

Enjoy your Thanksgiving!

Comments

[rr0710]

Is it only me who thinks Barry is HAPPY about the S&P being down for the year? Let's be thankful for permabulls and permabears and the tug of war they have every year. It's entertaining!

[Sr. Pessimist]

Barry's got something to be excited about. I think he's been right for a very long time about a lot of things. It's not so bad that the market's bearing away. It just gives more opportunity for producers to find it worth their time to apply their skills and make export-worthy products and services in return for globally-competitive wages. But since this is America current time, with the ripely maturing status of capitalism, I don't think an export economy is quite all that we're in for around here.

[Solution]

Although SP is flat this year, Wall Street is still getting $200K bonus on average. What a "blood sucker" !!!

[bearsfullofbull]

Congratulations!

Your investment returns Year-to-date are = 0.00%

Be sure to thank your friendly "Stocks -are- overvalued-by-any-hist... / housing-bubble-burst-w... by-the-second-quarter-2007/Sub-prime-slime will-engulf-the-whole-... Valuations-are-sky-high / buybacks-are-just-a-wa... /Consumers-are-going to capitulate/ Earnings-are-concocted / there-is-rampant-stagf... perma-bears for all their great advice

[NoFate]

Yes bearsfullofbull ...lets kill the messenger.

In fact lets blame everyone who disagrees with you for the problems at hand ...and while we are at it, lets give awards to mortgage brokers, appraisers, flippers, NAR, ratings agencies, Wall street (CDOs, SIVs, etc.), etc. for doing such an outstanding job.

We have had a 5 year bull rally mostly based on FRAUD! And you want to blame the fracking Bloggers?? That's a bit like blaming the school newspaper for losing the football playoff.

Anyway ...you guys don't think this is real? Great! Keep buying on the dips ...and I'll keep selling short on the peaks ...and we will see how this works itself out.