The Good News Economist

Why This Rally Is Unsustainable

>So where is the breaking point? A look into the
>why instead of how of this rally can offer some
>insight. This whole rally is essentially a scam to
>pass off asset depreciation in struggling financials
>to the taxpayer.

Do we really believe this conspiracy theory? The reality is that the market has figured out long before us that in fact recovery is here. Like every recovery before it, depressed equities turn up and do not look back. We are now approaching a 35% uptick. That in and of itself represents the fact that indeed this rally IS SUSTAINED. With history as our guide, if we keep saying the rally is not sustainable long, indeed we will get it right... but not this week...
seekingalpha.com/artic...
and probably not this year...
seekingalpha.com/artic...

GNE

Gloom and Doom Returns to the Markets

Actually one down day does not merit the claim that "Gloom and Doom are Returning to the Markets."

In fact consumer and investor confidence continues to gain huge ground... the last two weeks look like this:
mast-economy.blogspot....

And the Rasmussen report out this morning is even better....
www.rasmussenreports.c...

Those are the best readings since Sept...

Great Depression Not Imminent, But Inevitable

The FED has already indicated that it will do everything in its power to insure credit during this time.

The reason that insurers are moving into the shadows is that in the current environment there is a significantly diminished need for them.

The fewer insurance companies the better.

That's good news.

Good News Economist.