Citigroup: Market Gains to Continue Until Individuals Jump Back In [View article]
>>Lol, that is funny. Yes, get the retail guy in and clock him with a >>massive decline. What a sordid game.
Yup, that is the way wall street works. Atleast the guy is being honest and not mincing his words. If individual investors do step in to this market after pronouncements like these, then it is their fault. Can't say they have not been warned. But it does look like the so called dumb money has wised up some, and staying out of this Casino where house/street is rigged to win.
Is There Any Limit to Bank Arrogance? [View article]
what else can you expect from these rogues that we have elected. polictics, and getting elected is their 'job' and the influence they have, bribes the get are the 'payment' for their services. there are very few government programs that are not a rape of the tax payer. Like the 2nd law of thermodynamics, that is the unalterable truth, whatever the political structure may be - capitalist/socialist/c... Smart individuals find their way to the powers that be and get laws enacted in their favor. Hats off to the banks & banksters. They are the creme de la creme of our society.
>>One drawback of a relatively free and prosperous society is a lot of stupidity can survive amongst the plenty.
Could not agree more, Jasper. Take any big company, even the well run ones. There is a lot of chaff that rides on a few productive workers. You can get rid of a quarter of the workforce and the 'real' value added will not decrease. What keeps them there is the usual mediocrity that is rife in big organizatons. Few managers & CEOs have the vision/drive for continuous improvement.
Help your country, Jason? You can do so by organizing lynch mobs around Wall Steet. Strike some real fear into whoever wants to work on wall street, for the benefit of future generations.
8 Candidates to Blame for a Frightful February [View article]
Scratch #1 off this list. Market was cheering all the way up through the build of the credit bubble, loose/no regulation & easy money policies. Market is a poor indicator of the correctness/effectiven... of policies. Some policies are required even when nobody likes them. Just like a bitter medicine. The economy/public/market that were zombied out on easy money need to take some medicine & learn some tough lessons. Don't write off Obama just because the market went down this month.
Citigroup: Market Gains to Continue Until Individuals Jump Back In [View article]
Yup, that is the way wall street works. Atleast the guy is being honest and not mincing his words. If individual investors do step in to this market after pronouncements like these, then it is their fault. Can't say they have not been warned. But it does look like the so called dumb money has wised up some, and staying out of this Casino where house/street is rigged to win.
Is There Any Limit to Bank Arrogance? [View article]
A Junk Stock Rally [View article]
Could not agree more, Jasper. Take any big company, even the well run ones. There is a lot of chaff that rides on a few productive workers. You can get rid of a quarter of the workforce and the 'real' value added will not decrease. What keeps them there is the usual mediocrity that is rife in big organizatons. Few managers & CEOs have the vision/drive for continuous improvement.
The Road to Economic Hell [View article]
Making Sense of New Market Lows [View article]
8 Candidates to Blame for a Frightful February [View article]