TC3013

Seven Reasons Doug Kass Is Wrong About the Economy

This is why the market is going up right now. Clueless idiots like this think that this is just a normal recession and will always recover quickly. The only thing that has recovered (for now) is the stock market. The real economy is still getting worse and about to fall off a cliff again. The consumer is over leveraged and has no buying power. Many states are broke, taxes are going to rise big time to support our socialist president. Our banks are still insolvent with hundreds of billions in bad loans on the books with a new wave of option arm loan defaults hitting next year. No mention of this in his analysis.
Yes we will recover sometime, but it could/will be years from now. Look at Japan, there stock market had many sharp rallies after the collapse and 10, 15 years later it was still lower.

Four Reasons Peter Schiff Is Wrong

1. Stimulus wiil not work the way it is set up. And it is just more debt. You ignore FDR great society.
2. We are making new lows, below November, anything but stable.
3. Yes we have come out of recessions before, but that assumes this is just a normal recession. It is not. It is a burst credit bubble. That is FAR WORSE, and is the main reason we keep going lower despite people like you saying don't panic. The correct thing to do WAS PANIC, last fall and take 100% of your money out of the stock market and go all cash. Remain in cash as interest rates will be double digits within 18 months.
4. Wether Schiff made money off his prediction is irrelevant to me, he is not managing my money.

It is people like you that have failed to see that we have undergone a PERMANENT STRUCTURAL CHANGE and are going by the previous recession playbook, that will lose 80% of your money, while people like me will keep mine, which may not turn out to be as much as I need do to the runaway inflation all this money printing will cause, but I will be far better off than you.

Hedge Fund Deleveraging Could Be Half Over

The amount of cash on the sideline is meaningless. It does not matter if it is $1 billion or $200 billion. If that money goes into the market (buy) an equal amount comes out (sell). There will be the same amount of cash on the sidlines (more or less) after the "buying". Only the owners of the cash have changed.
Only the willingness of investors to bid up stocks move its price up.

This is one of the biggest myths out there that I hear all the time.

Internet Stocks: WebMD, Shutterfly, Monster and Netflix

Wow, what a gold mine. Now you know what stocks to short! Every company this idiot likes!