AndrewBaker

Wall Street Breakfast: Must-Know News

Wow, all of a sudden we are out of the recession and spurring back to growth! And if we are careful, everything will be alright.

Great news. Fantastic. Let's have a party!

Trouble is, I don't believe it: it's now obvious that the cure that has been decided upon is one where the rich and powerful first protect their own interests by whatever means they can, which includes ramping up the price of any stocks they hold and then selling them off to the great unwashed (us) at exorbitant cost, then using the money to buy tangibles that will prove inflation proof, as the next bit of this grand cure is to ensure that the value of the dollar drops greatly and inflation takes it toll on the massive debt that's everywhere and can never be paid off with real money It will work, but leave us with worthless investments and assets; but oligarchs and plutocrats will be ok, having first protected their own worth before unleashing the inflation cure upon the rest of us.

Wall Street Breakfast: Must-Know News

So the good news about banks and financials goes on. This one will ride for a good while longer so it seems, so I'll buy some and hope it continues long enough to get out at aporfit when the reversal comes.

Whatever the numbers, the spin will be that it's all good, and more money will be committed to the market regardless, so those selling will not bring it down too much at this time. The trend is your friend, until it's not, so I'll go with the trend for now.

Even bears have horns when needs must.