My problem with this rally is that it is based entirely on the printing presses at the Fed. Our government is pumping cash into the markets to devaluate the dollar and support the markets. Its a lot easier to maintain value at Google, IBM, and even JP Morgan when the dollar is shedding value and the entire economy is on the skids. I guess the Fed decided if they couldn't beat China they would join them by devaluating the US Dollar.
Do you remember?
"the dollar is our currency is your problem" (USA couple of year ago)
Europe is saying ;"The EURO is our currency and your problem"
Because at the end and yet already, USA and dollarrelated countries are paying world wide inflation, more then tehy do in Europe and this situation will stay for a while
exemple: Oil is 115 dollars thats almost 4 times the price in dollars of 2000
In Euro's this is only to times.
Thanks Bernanke, that's to Bush
Only the printing presses of the fed...?
What if the news commentator spun this out of proportion and we really aren't in a recession?
I'm not affected and don't see the streets lined with workers.
My question is this, if goog was worth 500 before the dollar was cut in half and now even more money is being printed....why isn't goog at 1k?
When will that inflation and devaluation hit the markets?
<<My question is this, if goog was worth 500 before the dollar was cut in half and now even more money is being printed....why isn't goog at 1k? When will that inflation and devaluation hit the markets? >>
if 52 % of their business is overseas, what makes you think they're doing those transactions in dollars? hmmmmmm! cannot remember for sure, but aren't they reporting in US peso dollars......hmmmmmm!!! with the yen at the feb high yesterday? and now they have had a blowout quarter! looks like our friend Cramer might have even been duped. he's certainly no virgin either...bet he will do better next time!...go figure.
I've always been curious how the gov gets all that newly printed money into the market. They surely don't give it away. I haven't gotten any free Hamiltons from the gov. How does this work. How do I get some of it.
Its that your are not actually winning, you just have a spewed perspective on winning as your dollar is worth less on world markets and the price on commodities are rocketing. We are looking at a repeat of the 70's with inflation consuming long term growth for a short term gain. If the GOP wanted to truly support the economy it would stop bleeding our markets just in the interest of saving face for failed policies.