James Levy

Market May Get Cheaper, But Tail Can't Wag the Dog Forever

Good analysis, thanks. I would add that CNBC and the majority of the media outlets are now emphasizing the bad news, and giving little or no attention to any good news (for example, the lower initial unemployment claims) in order to set the lowest possible starting point for the ¨Chosen One¨, President Obama. In the coming months, after Socialists Nancy Pelosi and Harry Reid have increased dramatically the reach of the government into the lives of all Americans, the news flow will become more positive. Articles in the New York Times and The Washington Post will eagerly highlight any and all signs that the brilliant Obama plan is working. Hold on, the left wing media will insure that the Obama Age is perceived to beone of unprecedented prosperity, no matter what the cost in new debt and erosion of individual liberty.