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  • techstrategy techstrategy Jan 16, 2013 8:40 PM Flag

    Sybil iz a student of history and haz done mucho market research....

    It's because the market is the one wealth transmission channel left. Poor and middle class people sell what remaining assets they possess. Senior use it to bridge lower incomes. It limits the rapid decline in consumption -- in Benny's mind. In reality, it further weakens consumption by those with highest marginal propensity to consume and accelerates the decline of the real economy. Doesn't have to be this way. If long only funds (supposedly investors) were to crush the disconnect between technicak valuations and fundamental, the speculative premiums would go away and the country could start healing (as the capital markets would again send robust price signals):

    We are at a very pivotal point. Longs will be selling into a vacuum shortly because the fundamentals are declining. They can support real companies that are genertaing real returns or keep pumping money into greater fool scams (which end up destorying jobs, income and wealth...

    Good luck to all in 2013. The squeeze will end soon (and likely abruptly) and it is all downhill from there...

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