We agree on something. We can start with the top 5% Obama supporters residing in the Hamptons and Hollywood.
BO, the conqueror. Just another accomplishment to add to his growing list of flops.
**"If you like your health care plan, you can keep it,".... President Barack Obama**
Politifact: Lie of the Year!
It was a catchy political pitch and a chance to calm nerves about his dramatic and complicated plan to bring historic change to America’s health insurance system.
"If you like your health care plan, you can keep it," President Barack Obama said -- many times -- of his landmark new law.
But the promise was impossible to keep.
So this fall, as cancellation letters were going out to approximately 4 million Americans, the public realized Obama’s breezy assurances were wrong.
Boiling down the complicated health care law to a soundbite proved treacherous, even for its promoter-in-chief. Obama and his team made matters worse, suggesting they had been misunderstood all along. The stunning political uproar led to this: a rare presidential apology.
For all of these reasons, PolitiFact has named "If you like your health care plan, you can keep it," the Lie of the Year for 2013. Readers in a separate online poll overwhelmingly agreed with the choice.
Well it's clear that it is a waste of my time trying to communicate with a jerk! You are not a serious player, typical retail investor.
I know you don't believe that WS has benefited from QE,
but quantitative easing has been exceptionally good for the boys in the Hamptons. Lets review, QE1, the S&P 500 rose by about 300 points. QE2, the S&P 500 rose by about 200 points, and QE3, the S&P 500 has risen by about 400 points. The S&P 500 is now in unprecedented territory. Add to that, what happened to the Japanese stock market when QE was trotted out... rocket fuel
Sooo... what is going to happen when the Fed starts pulling back the monetary stimulus. Each time the Fed has even talked, not implemented a tapper the markets have had a hissy fit. The biggest fallacy going around WS is that the tapering is baked in, no history to back that claim up.
IMO, I think there will be a correction in the first half of 2014 which would take the S&P down to around +/-1200, with the nasdaq and small caps down further % wise. It's way over due, with the equity's being driven by financial engineering rather than top line growth.
Of course I could be wrong, and the greater fool theory could go on much longer than predicted, though the chickens will come home to roost at some point...it's just the natural order of things.
Lets see now. After five years of unprecedented stimulus, 4 trillion by the FED, 3 trillion in new deficit spending by this administration, and 1 trillion stimulus package and we have GDP at 2%....hell of a success story. BTW, you can't seem to separate your politics from your investing, you need to work on that...just saying
I agree mostly what you say, yet the margins shouldn't be the problem for they are not discounting to drive traffic, thus losing out to those that do. (i.e.Macy's)
Just a passing thought. I noticed Nordstrom changing from a family run business to a corporate model once they hooked up with Goldman(were doing gods work) Sachs a few years back when restructuring their debt. They went from employee centric company to a business model of financial engineering to please WS.
**The fed will back out of their QE position in a controlled manner**
Would that be the same Ben Bernanke who assertion that he didn’t see a housing bubble in the works during his confirmation hearing in 2005?
You go on believing what you want, it's your money...c'est la vie!
I regret reporting this with a heavy heart that even the slow witted among us have begun to stir... of course with exception of the dopes on this board who will continue to sit in the stands to support there boy even though the game is over, the folks have left the stadium, and the lights are off.
**Instead, they said that they were ‘disappointed’ with him, and used words like “inexperienced,” “powerless,” “cautious,” “timid,” and “overwhelmed” to describe him**
Whoa! NBC News Focus Group Turns on Obama
Once staunch supporters of the President, former Obama voters are now expressing their disappointment in him, MSNBC’s Chuck Todd reported.
A focus group conducted by Peter Hart, a Democratic Pollster, found that President Obama is losing credibility with his faithful allies.
Eight of the eleven participants in the Ohio group- independents or independent leaners- voted for President Obama in 2012, but not one of them described themselves as “proud” or “satisfied” with him. Instead, they said that they were ‘disappointed’ with him, and used words like “inexperienced,” “powerless,” “cautious,” “timid,” and “overwhelmed” to describe him.
sec, you need to stay out of the market before the boys take you money again...you can't be this lame, But then again, a con only works if the one being conned thinks they are getting something for nothing
Along with record high margin accounts. Don't these greater fools ever learn. They better be using options to take positions. The boys in the Hamptons are at it again, run up the market on Fed cheap money and entice the dopes in after a historic run up. Then... when the markets correct just like before, they will buy back their shares at a steep discount and their houses too.... It's the natural order of things!
"It is the speculators job to recognize the false trend, ride it, and exit before the crowd wakes up....George Soros
As I said you can stick around and continue to believe in the tooth fairy, but even the retiring public union leaches are skedaddling out of California with their pensions because of the high cost of living. As the adage goes they don't want to eat were they sheet....my friend, you need to wake up and smell the menudo.