Crisis or NBD.....................from Rico

Listening to the teleprompter readers and talking heads of the Financial Media, you'd think that last week was a CRISIS in the markets.

- Yeah, last Monday saw a 1,175 point drop, and then a 1,032 point drop Thursday, while Friday was 'saved' just vefore the closing bell by the Plunge Protection Team BUT three days of >500 point drops in a week are hardly a crisis.

 

Consider that 45% of Americans do NOT own any stocks at all, so it's not a crisis for them.

- A large percentage of the 55% of stockholders are 'muppets' however, and they are being manipulated into thinking it IS a crisis. When in panic, when in doubt, run in circles, scream and shout "sell-sell-sell."

 

Then there is the smart money that understands big entities like Exxon are not going to go away any time soon, or even at all (unless you really think the whole system is going to crash and burn).

- While the muppets are being told they're getting crushed, these folks are looking at their calendars and not their watch. They understand that market returns/rolling returns are NOT rolling the dice, but a pretty sure thing over the long haul.

 

The "risk" is being over-hyped, and the "return" completely overlooked by FTV and the MSM.

- Typical of them.

 

It is NO BIG DEAL.