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Sunday 9 May 2010

Move along, nothing to see here...

The 'financial media" was just as wrong in 1929 as they are today. So are the 40# brains in government.
Move along, nothing to see here sheeple!

The biggest EVER intraday point drop on the DJIA (9%, 1000 points) taking the Dow below 10k is blithely dismissed as a "glitch," Yeah. Right.
- Well, we 'only' ended the day with a 3.5% sell-off, and the Euro 'only' ended 1.5% below the Dollar. A mere two cents. No big deal. [Ignore gold spot touching $1,200]

...move along, nothing to see here!

The financial media was WRONG in 1929. How do you rate them today?

What happens to "the markets" when the 'Boomers' start to retire and expect to retire on their investments (401K's-IRA's)?
1. They will SELL their equities.
2. Who will BUY them? WHY would they?

Oh Maria (Bartiromo), I need a motorboat!


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