Posted on 06/01/2011 2:03:20 PM PDT by Biggirl
Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.
"What we’ve got right now is almost near panic going on with money managers and people who are responsible for money," he said. "They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.
(Excerpt) Read more at cnbc.com ...
That explains a lot.
If they are clueless , makes it amazing they make 75% of all profits on the racket
What took them so long?
Must be that ivy league smugness of g peoples we b puzzled as y’all common folk
POTUS Obama and his Democrat Party have killed the goose that lays the golden egg, just as he has planned all along. The American people have done this to themselves, so.....please no complaints from the peanut gallery!!!
People will eventually realize (hopefully before Nov 2012) that Obummer is a no good, rotten POS that should be hog-tied and hung upside down for the traitor that he is!
You can keep your worthless stocks.
In hindsight, if they were going to bail out the banks, they should have just bailed out individual homeowners - bails out the banks, but keeps property values up because they are occupied. No one wanted to do that because they didn’t want their neighbor getting a free house. Well now the bank got the money anyway, the home owner couldn’t pay and lost the house anyway.
I find it hard to believe that "Wall Street", et. al., can't figure out why the economy is sputtering. It's the commies, stupid!
Wall Street baffled by slowing economy?....They don’t know what to do with your money?....Oh! Oh!....I wonder if they knew what to do with all the taxpayer money they were handed. I think so. I wonder who will be left holding the bag? (sarc. extreme)
“Baffled”, huh. Really?! LOL
The problem is obvious as is the solution. We clearly need more smoke and bigger mirrors.
Mainstream media baffled by unexpectedly slowing economy, call for more socialism and bigger government.
There must be some real dipsh*ts that work on WS these days. There was a time when WS was considered conservative.
“Wall Street is having a hard time figuring out what to do...”
Its really quite simple. Part of the problem is the misconception that “Wall STt” really has, or for that matter, should have anything to do with it.
Main St is the American economic engine. All Wall St can do is help or hinder Main St. Wall St is in bed with the Feds, the single biggest impediment to Main St.
Until Wall St figures out their bread and butter is on Main St...and joins forces with Main St to be sure the Feds detax, deregulate and get outta the way...nothing happens in the USA.
They’re not baffled, at all.
The reporters, however, are baffled.
Baffled? Wall Street has become increasingly divorced from reality over the past 20 years. Market movement today has little to do with long term investment and everything to do with the mood of the moment. Investors have taken a back seat to traders who don’t seem to notice or care that the vast majority of main street Americans are not doing well at all.
In an economy where 60-70% of our output goes to support our government and banking/finance sectors, what should be truly baffling to Wall Street is that we still manage to have an economy at all.
Welcome to the fiscal zombie apocalypse.
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