Barrackanomics at work.
This is painful.
Smith and Wesson up 0.24 or 2.32%. There is another gunmaker on the DJIA that was up yesterday, too.
I was surprised to see that seven or so of the big ones like Remington are privately owned.
There are always good buys even when the market is tanking. Problem is how to find them.
No worries! Obama said we are in a recover and things are great! Just a bump in the road. It will be better real soon.
and Obama voters don’t care. they think the big white corporate white guys deserve it. they hate wall street remember? they have no clue what this means.
We sold all of our stocks and stock funds back at the end of April 2008. The Dow was sitting at around 13,000 when I sold most of it, a bit higher than it sits at COB today. I’ll let the government and market players screw the other little guys.
Not to worry; Mr. Fixit’s in charge now.
Ultimately it’s about earning expectations, set by current reality.
The magic is gone from Apple, the storms have cut into economic activity, some major miss of expectations and zero implements strangulation of the energy industry.
We’re going down from here, more than likely. Earning multiples are way above historical averages.
Obama’s United States of Socialist America at work
This is intelligent action by those who think. Those able are not only getting out of the market, they are converting their "money" (which is rapidly losing value) into real assets they can use to weather the coming world financial storm.