This makes no sense... why would futures fall? Hopenchange Part Deux is nearly upon us. Happiness! Unicorns! Skittles!
Stocks don’t get confused about whether Obama’s economic plans are working. And they do not really care about important “culturally progressive” progress.
The United States and the EU have squandered enormous amounts of capital with all the financial gimmickry, bailouts and loan guarantees. essentially three generations of deficit spending, unsustainable debts and unfunded entitlements have weakened Western economies. The coup de grace has been leftist political policies that have severely inhibited productive capitalism. Instead of austerity and a somewhat painful course correction, financial gurus are simply diluting currencies and creating even greater debt.Economies will contract further. Things will get ugly.
All the ChiComs have to do is call Helicopter Ben. He can fly over Beijing and dump out tons of worthless dollars to fix their problems. (When gas costs $4/gal. and bread is $2.85 a loaf, you know it’s rapidly losing its value now.)
The other day when Fox showed the L.A. car chase where the robbers threw cash out of the car windows, I suspected Bernanke was involved.
If the stock market falls 2000 points by election day, I think Romney will win in a landslide.
About time I’ve been wanting to buy some bargains. lower please today.
Where do they come up with the phrase “on signs of” when reporting financial news? They presume to know the reason for the news instead of just reporting the news. Why would they know the reasons causing a trend? Did they poll the traders?