Well, how does he know what the stock market thinks, since it represents tens of millions of people making dozens of decisions a day? Anyway, that he has no idea what is going on is predictable, since these people saw none of what happened the last few years. But plenty of people did, and do, see what is going on.
Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.
His bottom line is do not bail out on stocks. If I had any stocks left, I would take that advice and reverse it. Get out completely now. Paychecks, property, pensions will be targets the next 30 years, as the government transfers your wealth to private bankers in order to save their system. There is nothing you can do about it, no where you can go. Since we accepted election fraud, torture, illegal war, bailouts, domestic spying, suspension of habeas corpus, you also have to pay for it. Literally. Did you think the banks would pay for all that? No way, they know all that is wrong, so they will not pay for it.
If you think you have negotiated an exemption for yourself, if you think you are an exempt class, then you have not read enough history. The only way to ride this out is to have something to trade, an ongoing business, something you love. Something that gives you joy to work on.
Wednesday, June 1, 2011
Jobs Down, Layoffs Coming, Stocks Jittery
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