JCC

Four Reasons We're Headed Even Higher

It is amazing to watch all of the nay-sayers yelling and screaming as the market rises. So many hate what has happened, and therefore have become emotional automotons. When you let your emotions rule, it prevents logical thinking. As a matter of fact, the emotional reaction that many have is equivalent to lying to onesself.

So yell and scream and point down as the market goes up. Vent your anger at specific companies because they got help, and watch the stock rise. Have a fit over the current deficit, and forget the history of WWII. When we continue to to lie to ourselves, we will not make good investments.

When others reap the rewards we will say it is impossible, because of @*^%#**&^!!!!!!!

Five Reasons the Market Could Crash This Fall

"I am officially going on record now and stating that IF the S&P 500 hits 1,000, we will see a full-blown Crash like last year."

The S&P 500 is above a 1,000. If it doesn't crash, what will be your penalty? Will you admit that your premises are incorrect?

FASB Unlikely to Suspend Mark to Market

It is ridiculous to use Mark-to-Market in lockstep to a crashing market. Perhaps something like a one year moving average would be better. Marking assets down with a crashing market is absurd. Marking them down, when you expect them to stay down is reasonable.

If we get out of this mess, many assets will recover. Mark-t0-Market has caused panic selling and added to the overall decline.