Libor Jump Means More Pain for Financials [View article]
I'm a fan of SKF, too. But I'm nervous that all this market nonsense will continue until my SKF is virtually worthless. It makes no sense to me, but this feels like a prolonged rally of sorts, although not a rocket. I just can't see how the market is going up under such circumstances.
I'm a real bear at this point. I can't see how the stock market can keep going up in any short term horizon. What's the good news? But I'm stymied by this, the old saying: "Don't fight the Fed" when it comes to investing. To me, Wall St. is mainly a confidence/shell game. And yet it seems that the Wall St. Wunderboyz keep pulling crap out of their hats and we're all buying it. But once again, I come to the oft prudent warning about fighting the Fed. What do you all think?
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