He started to lose me with his praise of Keynesian stimulus and the New Deal.
uncle joeI hear ya.Sadly things are so bad that no one has any answers as to how to get out of this.I this forces us to go back in history to look for answers. Unfortunately the only comparable situation to our financial crisis is the Great Depression.I think Obama's 2.5 million new jobs idea is derived from the new deal.The economic leaders of this country our desperate for answers. I am not a big fan of how The Great Depression was handled either. Ultimately it was WOrld War 2 that got us out of this mess.I think some of his ideas like offering equity insurance when you buy a house to protect you from depreciation are really good.
Hello AllBack from the break.I need to turn on the lights in here and warm this place up.I will have something up tomorrow. I hope everyone had a great Thanksgiving.There was no earth shattering news over the break. The Nikkei is behaving pretty well. Its down about 100 points.I am not surprised that we moved north all last week.This rally looks exactly like the Bear Stearns ramp job.We all know how that eneded in May/June.The collapse is immenent folks, but there may be one more bull run based on "hope" that the bailouts will save us.The holiday shopping season will be a major bust and once the data is in the market will head south once again.I strongly suggest that you sell some of your long positions into this rally.You might not get another chance moving forward.
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