Let's go with the premise that “analysts” are once again wrong – or are “surprised” as the media likes to call it when one their own misses a call entirely – as they often are when reading economic indicators. I'm not an economist, but it seems to me in order for “analysts” to get it wrong as often THEY have, the “analysts” have to be reading the wrong indicators – or are intentionally getting it wrong to try to give the Obama Administration credit where none is deserved.
For the first time since January the Dow closed at over 9,000. The announced reason by “analysts” for this was that the housing market is showing improvement. Now, if you listen to people in the real estate business they say housing is moving because the foreclosures are clearing out of the market and housing prices are so depressed people with stellar credit and first time buyers are able to get "steals" they were not able to get in the last decade when the housing market was moving like a runaway freight train, so they are grabbing houses while they can before the prices go back up. Of course, that is the opinion of people who actually work in business, not the opinion of pundits who work for networks looking for ANY positives to help their president dig his numbers out of the toilet.
MY analysis – which seems to be “on” more often than the paid “analysts” – is that the mood on Wall Street and in businesses is a little brighter NOT because of gurgle in the housing market, but because the Nationalized Healthcare Bill took a beating and was shelved in Congress IN SPITE OF a direct appeal from President Obama himself. MY analysis is that it is the failure of the Obama Agenda that is causing the market to show signs of life.
Let's face it, businesses and investors are following closely what is going on in Washington. They KNOW the Obama Administration HATES businesses and profits of any kind. Profits all fall under his “redistribution of wealth to its rightful owners” agenda. That means he’s going to take as much of them as he can through taxation to do with as HE sees fit. As we went through the Stimulus Plan, the building of the deficit, the CHINESE telling the Obama Administration his numbers are bogus, the takeover of GM and Chrystler and Obama dictating that Washington will decide salaries and compensaton packages for executives - then the proposal of Stimulus II, Nationalized Healthcare, Cap and Trade and a whole host of tax programs designed to destroy Capitalism - the mood of the country and business was EXTREMELY dark.
Now that Healthcare is being shelved until after the August break; Cap and Trade is under assault from all sides; Americans are starting to come out of their post-election stupor to find out this administration is NOT what they voted for and are fighting back with letters, calls and townhall meetings – as well as seeing bi-partisan action AGAINST the Obama Administration giving America its first glimmer of HOPE since this current oppressive adminstration was sworn in – The Market is reacting in a POSITIVE way!
“Analysts” going out of their way to come up with bogus reasons for the Stock Market resurgence to help the Obama Administration is OVERREACHING. Businesses and investors are NOT STUPID. They are looking at the mood of America and seeing signs of the America they know, love and understand and investors are reacting in a POSITIVE WAY!! Go America!!!
For the first time since January the Dow closed at over 9,000. The announced reason by “analysts” for this was that the housing market is showing improvement. Now, if you listen to people in the real estate business they say housing is moving because the foreclosures are clearing out of the market and housing prices are so depressed people with stellar credit and first time buyers are able to get "steals" they were not able to get in the last decade when the housing market was moving like a runaway freight train, so they are grabbing houses while they can before the prices go back up. Of course, that is the opinion of people who actually work in business, not the opinion of pundits who work for networks looking for ANY positives to help their president dig his numbers out of the toilet.
MY analysis – which seems to be “on” more often than the paid “analysts” – is that the mood on Wall Street and in businesses is a little brighter NOT because of gurgle in the housing market, but because the Nationalized Healthcare Bill took a beating and was shelved in Congress IN SPITE OF a direct appeal from President Obama himself. MY analysis is that it is the failure of the Obama Agenda that is causing the market to show signs of life.
Let's face it, businesses and investors are following closely what is going on in Washington. They KNOW the Obama Administration HATES businesses and profits of any kind. Profits all fall under his “redistribution of wealth to its rightful owners” agenda. That means he’s going to take as much of them as he can through taxation to do with as HE sees fit. As we went through the Stimulus Plan, the building of the deficit, the CHINESE telling the Obama Administration his numbers are bogus, the takeover of GM and Chrystler and Obama dictating that Washington will decide salaries and compensaton packages for executives - then the proposal of Stimulus II, Nationalized Healthcare, Cap and Trade and a whole host of tax programs designed to destroy Capitalism - the mood of the country and business was EXTREMELY dark.
Now that Healthcare is being shelved until after the August break; Cap and Trade is under assault from all sides; Americans are starting to come out of their post-election stupor to find out this administration is NOT what they voted for and are fighting back with letters, calls and townhall meetings – as well as seeing bi-partisan action AGAINST the Obama Administration giving America its first glimmer of HOPE since this current oppressive adminstration was sworn in – The Market is reacting in a POSITIVE way!
“Analysts” going out of their way to come up with bogus reasons for the Stock Market resurgence to help the Obama Administration is OVERREACHING. Businesses and investors are NOT STUPID. They are looking at the mood of America and seeing signs of the America they know, love and understand and investors are reacting in a POSITIVE WAY!! Go America!!!
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