The US government is doing a good job in pumping the market. The media has bought their bull hook, line and sinker. However, the average retail market participant is having none of the nonsense. No one in their right mind is going to put money in this very over bought market. The econonmy is worse today than it was when the S&P went to 666. I love this ETF because it is a guaranteed double within the next 6 months.
QE2 is needed since Tim (Turbo Tax Cheat) and Uncle Ben Bernanke know that this is far from over. You can bet on a double dip recession with the next year with stimulus. If stimulus is not triggered by the Fed, then the double dip happens sooner. That's the truth!
Don't listen to Socialists like Hussein Obama, Tim (I cheat on my tax returns) and Uncle Ben (I studied the Great Depression so I know how to avoid one!) Bernanke.
Oh yeah the tactics that the US is employing failed to work for Japan for 20 years. These are all facts and there is absolutely nothing the lying US government can do about it. I think the hedgies will pull another flashcrash and take some more suckers money real soon. Remember, their in the business to take free money and they will real soon, you can count on it! Within the next 6 months, I'm sure they'll be another hugh market dive. Oh yeah, same SEC answer as before, "we don't know what happened. We'll look into it!" Time goes by, and still no answer funny how that works - isn't it! Caveat Emptor!!!!
“I do believe we are very close to the $hit hitting the fan……..”
The U.S. government posted its second straight annual budget deficit in excess of $1 trillion as lingering unemployment constrained tax revenue.
Attorneys general from all 50 states joined to open an investigation into whether lenders and mortgage companies falsified documents as they sought to repossess homes. MERS is facing class-action lawsuits and civil racketeering suits around the country and their members are being individually named in all these suits. One suit alleges that MERS owes California a potential $60 billion to $120 billion in unpaid land-recording fees.
The U.S. trade gap was pushed even wider in August by a rapid increase in imports spurred by a record trade deficit with the country’s leading trading partner, China, according to The Wall Street Journal. The Commerce Department reported on Thursday that the total U.S. deficit in international trade of goods and services increased by 8.8% in August to reach $46.35 billion, a figure far in excess of the $43.4 billion trade gap predicted by economists. The imbalance in trade growth was driven by a record $28.04 billion trade deficit with China after a $25.92 billion gap recorded in July, with imports from China growing over 6% to hit a record $35.29 billion while exports slipped lower.
Not to mention that 10,000 baby boomers are filing for social security each and every day for the next 18-years. IMO
You are delusional. Step away from the Fox News and attempt some critical thinking. It might just take.
For the last time, the US is not Japan. They have zero population growth, an aged/retired population, a culture of savers (not good consumers), and limited natural resources. Nor do they have the world's reserve currency backing up there economy (well, except for all those T-notes).
Oh yeah, they also don't have the most dynamic economy the world has ever known.