I finally get it.
The reason the market has been going up is the following:
1- Markets love high unemployment.
2-Markets love stagnant wage growth.
3-Markets love the fact that home owners wont be able to re finance at lower rates or even get a mortgage at all.
4-Markets love it when the price of Gas is hitting $3 a gallon.
5-The markets are in a love affair with the fact that $500 Billion in credit lines have been taken away for consumers to spend.
6-Markets always love higher long term interest rates.
7-Markets love when personal bankruptcies are hitting an all time high.
8-Markets love it when consumers are tapped out.
MOST IMPORTANTLY-
9-Markets love OBAMA!
Its quite embarrassing to watch the Media's love affair with Obama. I voted for the guy, but come on, didn't the original savior die 2000 years ago?
ReplyDeleteObama is the savior! You don't know that?
ReplyDeleteCult of Personality