Once they go down, it's really in the tubes. Consider that 12,500 in the market has the real value of about 9,000. Even as it stays up and the number of dollars increases, our net VALUE is down.
I agree with you. Anyone who can't understand that the stock markets are in a bubble blown by Ben Bernanke's billions [alliteration anyone?] is beyond hope. Usually, Fed funny money enters the economy through loans to business, but since no one's borrowing or lending, he's had to get it out through the back door.
The only takers have been Wall Street and the government which is thrilled to have Bernanke buy its bonds directly. It takes longer this way, but it eventually does its damage.
>>Consider that 12,500 in the market has the real value of about 9,000.<<
Thank you for the good news. I was figuring it was below 8k by now.