KSengineer

Why This Rally Will Continue

I believe this rally is mainly about the Fed pumping billions into the stock market to put a positive spin on market psychology. What about the realities of the market? The banks that brought this disaster upon us got off scott free. In fact, they're making billions now. How is it that we have escaped the consequences of the massive theft that took place the past few years?

There are no green shoots. The headline writers continue to write misleading headlines every single day. Many countries, in their back rooms, are plotting the demise of the dollar as the reserve currency. I guess we can push that problem into the future too (it's become the American way). The US debt is already increasing exponentially from severe lack of self control and all our leaders want to do is pile more and more costs on us as healthcare reform and save-the-plant initiatives (then lie about how it'll be cheaper in the future). I feel like I live in the Twilight Zone. Serious problems face the citizens of the US, but what we mostly get is marshmellow news.

What has happened to all the bad loans that caused this problem? Where are they? Who is taking the loss? If you believe the news, they must have simply disappeared. There's no word of them, no sign of them. Yet, forclosures continue to climb at an alarming rate. Perhaps bad loans are just one of those "lagging" indicators that don't factor into the future.

The US is self destructing and we're being lead down that path by the so-called smartest of our society. I've had enough of the brainiaks. Give me someone with common sense for a change. The Fed is in the process of creating another bubble by pushing the problems forward. However, the cost of doing that will be too great for us to bear when the time arrives.