Look at the history of the market in the 30′s and 70′s, and other times of deep economic trouble. There have been at least 3 and possibly 4 times in US history where the market failed to beat inflation for a decade. (It has been worse in other countries. You might examine the markets in Russia around 1915 to 1925, just as one example.)

And those times of trouble in the U.S. were NOTHING compared to what The Moron has in mind.

Yes, we all hope, pray, and intend that he doesn’t succeed, but personally, I find the risk unacceptable. Douglas is fallling into the trap that they want him to fall into, which is that they want us to think that “it is nothing out of the ordinary”. Well, it’s way way way out of the ordinary, imho.

Rush said it all today in the clearest possible fashion although he wasn’t specifically addressing the markets. A lady asked him what is driving the lunatics. Rush didn’t have enough time to answer in depth, so he spoke the truth in one word.

Revenge.

“Give Us Our $$$$$ Back”

Careful. I assume you’re talking about giving American taxpayer money back, but that could also be interpreted as wanting Soros’ money back from Obama.

“Where Is Our Money?”

When you’re done with your fake protest your john Mr. Soros will compensate you for services rendered.

I’m not in the market for the next week or even the next year. I’m in there with a 20 year horizon and I’m making the assumption that the US will sober up at some point. It did after the 30s and after the Carter years and in 30 years, this hangover will have been forgotten and things will be getting out of control again.

Yes, I’ll get jerked around as the Obama admin changes the rules on a day by day basis but the underlying value will still be there.

Actually, it will be quite funny to watch as the months progress and GM produces “The Homer”..if you remember that episode of “The Simpsons” where Homer gets to design a car. Of course, it’s a complete failure.

But yeah, the people who are constantly pointing the fingers at those who allegedly “do it wrong” and I can say with complete certainty how much worse it will all get. Liberals make great critics. But when asked how they would do it differently they ALWAYS struggle to find an answer. Especially if you present them with the logical, practical side of things. But…they will throw caution to the wind and create several multi-headed monsters that cannot be killed very easily.

One reason will be because of all the bureaucracy that they will create. Heck, if one is stupid enough to go to a GM dealership the red tape to just test drive a car will be enough to make one not want to buy it.
Customer: Hi, I’d like to see a brochure on the 2010 models, please

Car Salesbureaucrat: Very well, we will need you to fill out this form.

Customer: Why?

CS: So we can best assess your driving needs and show you the best car we think you should have

C: But I like that one

CS: You can’t have that one

C: Why not?

CS: It’s for special needs families only…are you a special needs family?

C: No, I live alone

CS: Then you can look at and MAYBE test drive our new microdot…

C: Microdot?

CS: Yes, the 2010 Microdot…goes from 0-60 in two days and uses no petroleum products

C: But I want a car

CS: It is a car

C: That? That’s a bicycle with a plastic shell around it

CS: Not all of them come with shells, they cost extra.

And on and on. You can see how much fun it will be to shop at GM. Not.

If a thug like Obama can come along and willy nilly fire executives, force loans, give money or take money away; and since he has made it 100% clear that, although he is “in favor” of capitalism, he and only he will be saying how much profit any company can make………what makes you or any investor think that you will be able to make money, unless you know for an absolute fact that the business you are investing in has prostrated itself at the Messiah’s feet.

Anybody who thinks it will be business as usual in a few months or years is very foolish.

Another way to think about it is even simpler…….stock market gains, ultimately, are linked to profits…..do you think these thugs are going to allow profits when they have their own constituencies to pay off? not to speak of a national debt they have tripled in 90 days.

I’ve owned stock in TCF bank since they went public. I’ve been quietly buying stock recently. A hundred shares here, a hundred shares there. I’ve met Bill Cooper and I know that bank doesn’t make loans to deadbeats. They signed up for TARP under Bush when it was supposed to be a sign that a bank was healthy and now they’re trying to extract themselves from Obama’s tar baby.

Of course Obama wants to keep control of the healthy banks. What’s the point of nationalizing a failed bank?

And yes, I’m really annoyed, but I’m pretty sure that TCF will eventually pull themselves out of this.

And for those few who momentarilly lost sight of the the superiority of the worker’s nirvana, a wall here and a machine gun nest there served as gentle reminders of the decadence they were contemplating joining.

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