Thursday, August 8, 2013

The Stock Market Makes Perfect Sense...

...if you are a card-carrying bankster, politician or broker-dealer.

Otherwise, when every available Fed Governor is squealing at the top of his or her lungs that the Fed is going to taper its bond-buying in September yields should rise.

They keep going down...

And the stock market indices are sitting near all-time highs, or, in the case of the wildly-inflated NASDAQ, 13-year highs.

If you really believe the real estate market is is god shape, unemployment is really 7.4% and that ObamaCare is going to lower premiums and provide for better medical care nationwide, then the stock market at these levels makes perfect sense.


(The preceding message was brought to you by people who remember when the economy was functioning, when America was a net EXPORTER, and when the federal debt was below $4 billion - which wasn't all that long ago.)

For those of you in your teens and 20s, carrying, or about to embark upon college and student loans, you are toast, debt slaves and completely hoodwinked by people who could care less about your future or the future of this country. Good luck with that four-year degree when you're asking "do you want fries with that?"

That's enough for today. Anybody who can't stand the current economic climate (of uncertainty), post a comment. Or don't. We here at Money Daily don't really care.

BTW: Silver closed above $20 per ounce for the first time since July 29. Will it hold this time? Bear in mind that the London Fix was at $31.75 on February 7 (again, not that long ago). Since then, it's been straight down to around these levels, with a low of 18.61 on June 27. It's still a bargain all the way back to $23 an ounce, and, it's still REAL MONEY.

Dow 15,498.32, +27.65 (0.18%)
NASDAQ 3,669.12, +15.12 (0.41%)
S&P 500 1,697.48, +6.57 (0.39%)
NYSE Composite 9,634.47, +66.21 (0.69%)
NASDAQ Volume 1,641,758,375
NYSE Volume 3,475,672,000
Combined NYSE & NASDAQ Advance - Decline: 4175-2345
Combined NYSE & NASDAQ New highs - New lows: 270-112
WTI crude oil: 103.40, -0.97
Gold: 1,309.90, +24.60
Silver: 20.19, +0.685

No comments: