Anyone on here telling you how " irrelevant" the hike will be is frightened and optimistic and here is why?
1. The entire rally has been predicated on Fed and Govt sitting on sidelines letting Wall Street come back with infinite 0% rates for much much longer than today
2. The administration is scared after MA. Elections and k ow America understands Wall St has been getting charity at their expense.
3. Obama is at all time low approval ratings
4. There is NO SIGNS of a recovery as evident by today even after all the Billions in stimulus.
5. A record number of incumbents are not running because they cannot win
6. Congress and the Senate are being flooded with Emails asking for a FED audit, Rico charges against banks, Geithner dismissal and Bernanke being reappointed
7. Consumer credit is Dying daily and monstrously
8. Claims are ending
9. Pres. Obama knows if he is going to win in 2012 Wall street needs to suffer and be dismantled
10. Inflation just reared it's head today strongly.
11. Most importantly China just proved they were backing out of auctions which is our lifeblood. The Fed is terrifyied of this.
12. The Teaparty will be a HUGE 2012 threat
13. Glenn Beck is growing in popularity, ratings anf influenece
14. The Internet permits increases transparency
15. Some Average literal Joe CRASHED A PLANE INTO AN IRS BUILDING IN AUSTIN OVER GM and WALL STREET BAILOUTS
16. Greece has riots
17,Fictional Accouting makes banks look solvent
18. Credit card,bk defaults and borrower from the 90s are now beginning to go underwater
19. we have the worst unemployment situation since the Depression
20. We have an entirely Producingless econmomy and all Service economy
21. We did not ship 30% of our jobs overseas to save money in 1930
22. We did not have a welfare, lazy fuhk carry a cane have 5 kids live in the projects for free economy in 1930
23. Leverage from credit was a fraction of what it is today
The markets will collapse from here. Anyone telling you otherwise has been too beaten down by this seemingly unstoppable bull for 9 months and is looking for an easy trade. Therebis no warning bell.
We are worse off than on March of 09
this is a bear market rally
the economy has Never been worse
And FAZ is a triple
understand Wall street will never be the same
Etrade and teir gluttony made th obsolete
their greed ruined them forever
Great post, but most people do not understand what is going on , or they do not want to admit that the "big one" is coming like tsunami. They still live LA LA dreams , BS's from Wall Street, easy money...etc!!!!!
Glenn Beck is growing in popularity, ratings anf influenece
Glenn Beck is growing in popularity, ratings and influenece with people who are not able to think for themselves, eg: sheeple!
thanks for letting me know our economy is in bad shape. Who would of thunk it, I thought as long as we had positive GDP that banks didnt care about unemployment????
I was wondering why there were all of these bank failures, CEO' and board members being fired left and right, why market caps for large banks versus bank assets were at huge historical discounts.
the importance of this thread is astounding.