Wednesday, June 10, 2009

Now I Understand...

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!

2 comments:

  1. 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?

    ReplyDelete
  2. Obama is the savior! You don't know that?
    Cult of Personality

    ReplyDelete