The American consumer is stronger than ever, buoyed by new money. Shit, you politicians like to ask populist questions, like “are you better off now than 4 years ago?” The truth might scare you. Absofuckinglutely.
This country is rich as fuck, producing more millionaires now than ever before, in the history of man. That money is being spent, reflected in share price advances in TOL, LEN, AAPL, LULU, ULTA, SBH, KORS etc.
Do I need to continue, really?
You called the market wrong because politics was an issue. Obama is nothing more, or less, than a government spokesman. He has zero power.
But the march higher continues, regardless of who is speaking. When Romney gets in, there will be a whole new theme of stocks to buy. Obama was good for biotech. Romney will be good for big business. The EPA will be reigned in, allowing companies like NAK to mine in the 3rd largest copper mine in the fucking world.
Zuckerberg is trying to step up to the plate and assert himself as a leader, by declaring “no insider” sales on his behalf for at least 1 year. At the same time, they issue an 8-k offering tax relief for FB insiders. What a clusterfuck. I’ve never seen anything like that before. If Zuck wanted to regain Wall Street’s respect, he’d oust Peter Thiel now and replace him with someone who gives a fuck about FB shareholders.
It isn’t good enough to say “everyone made money in FB, but the asshole who bought the IPO.”
European stocks are bouncing. The ECB is going to unveil an unlimited bond buying program. Free money forever. Get used to it. #POMO
23 Responses to The March Higher Continues
We will see.
Thanks to a benevolent and caring government I am better off than I ever was or could possibly be on my own pathetic path to obscurity.But, there is another POV: “NONE ARE MORE HOPELESSLY ENSLAVED THAN THOSE WHO FALSELY BELIEVE THAT THEY ARE FREE.” JOHANN WOLFGANG VON GOETHE
Get used to it bitches.
Romney ain’t gonna get in there.
We are WAY better off now than 4 years ago.
In Sept. 2008, the stock market was crashing
(down days of 245, 290, 504, 450 and 778 DJI
points); banks and hedge funds were in crisis, home values were plunging as owners saw
NEGATIVE equity; workers were getting layoff notices, and car sales dropped off a cliff.
Currently, home values are INCREASING,
stocks have doubled since Obama took over,
corporate cash and profits are at record highs, we’ve had 30 months of job and economic growth, Bin Laden is dead and GM is alive.
We are FAR better off now than four years ago.
Lines we won’t hear on Thursday:
“We are not going back to 10000 on the DOW; Forward with Wall Street!
I want YOU to invest in stocks,
When the DOW rises we all rise,
My favorite stock symbol is U–S–A ! U–S–A !”
Your name is PERFECT ‘Riggedgame’. Anyone who thinks bloated asset prices due to QE and the handing over of trillions to banks means the economy is BETTER than it was 4 years ago may have brain damage, The market has been artificially propped up by Obama’s lackeys, but the underlying economy is a DISASTER. Unemployment ios a mess, the US has lost prestige around the world, the ‘islamic spring’ weas a cornerstone of the worst foreign policy blunder of all time, the Constitution has been shredded and the Peresident ios the most charismatic, great speaking liar in the history of the office. Only a FOOL would say we are better off today.
Rigged does have daim bramage, yes.
Inhaled too much smoky union hall beer sweat or something.
GM is “alive” for the next ten minutes, or so….
I think they will disappoint, but i won’t be betting against them.
CLF looks like it’s trying to find a bottom here!
Fuck off Obama lovers.
yeah, Fuck Obamalovers
Heh. The love dart, it wears off, no?
these motherfuckers worried, but we just climbing the wall
If you do not trade this market.. then I don’t think you can say we are better off than 4 years ago.
Attaching a DOW # to how the country is doing.. is so lame (when prez speaks, we have a ticker running on the screen)
Talk about manipulation.
Take away the number are re-ask that question.
Are we better off?
I’d say not much has changed. The same goofs who got us into this mess are still here and the guy in charge is running with the pack.
If you are a trader, then the answer is yes.
If not, I think you have to re-ask given that frame of reference.
Why the fuck should you trade, when simply sitting in index funds has given you a DOUBLE in 3.5 years of Obama?
Thats over 20% return annually, NOT including interest and dividends.
The strategy is simple: By stocks (Index funds) on inauguration day of a Democrat. Sell EVERYTHING on inauguration day of a Republican.
And you wioll be a rich man!
Are you better off if you’re un/underemployed, you can’t afford food or gas, and you’re watching Iran get nukes? Are you better off when you see an approaching fiscal cliff yet Obama promises even MORE spending on Obamacre – a HUGE increase in debt and an intrusion on your right NOT to have to pay for insurance if you don’t want to? Are you better off without your freedom of choice as an American?
One difference is investor confidence.
If the markets rise, but investors do not feel they can commit all resources to equity, it is not helping to build wealth and fund new investments.
For good of the country, a confident market that rises 10% a year, trumps the market we have seen the past 3 years.
Rich in food stamps.
Penny weed stock CBIS has been going Grape Kush since the bell.
Up 40% on monstor volume. Maybe they cured that dude withe the worst ever brain tumor?
Gotta love Yelp. How much can there be left to squeeze out of those shorts?
Kick them Crackboys to the curb!
0 for two tonight … Hahaha