lucky lenny

Is This Rally Toast?

Dow under 10k & has no where to go but up. Investors don’t really want low-yielding T-bills. They would rather have companies, such as Verzon, which pay reliable 6% dividend. On a macro level, both the Democrat Congress & Bernanke are flooding the market with currency; some of which logically will flow to stocks. The Fed Reserve is buying upT-bills as fast as Barack Hussein Obama can run up $1.5 trillion annual deficits; on top of our $11 trillion debt load. Now, Obama is helping people buy cars, health care, using the gov’t to buy car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... In summary, as long as foreigners continue to honor the US$; and the Fed’l Reserve keeps buying up the T-bills, i can see interest rates staying low, employment going up, & yes - the stock market going to much higher levels.