Wow! Would you look at that...an oDUMBER worshiping troll. HAHAHAAA!!! Poor thing...still hasn't gotten over the midterm shellacking the Kenyan & DEMONrats received from the voters.
There was news that Sears may sell some of its stores to a real estate investment trust to raise cash.
Disclosure: I shorted some shares @ 46.58.
I hope not Joe, though I'm starting to get that 'funny' feeling--excuse the pun, in my gut again concerning this market, but we'll see.
You really suck at this, don't you? Must I remind you that you were telling investors yesterday (less than 24 hours ago) that BIDU was going to tank today. I just hope you don't do this for a living because it's pretty obvious you don't have a clue.
And that BIDU will see the 240s post earnings tomorrow.
Priced for perfection + Blahhhhhhhhhh earnings reports = Double S (Snooze & Selling)
I'm hoping it wouldn't, but I wouldn't be surprised if TPTB use it as another excuse to sell-off the sector tomorrow since it's Friday as well as OE.
I hear you Jeff and pretty much what you and Joe said are spot on.
Right now IMHO the Fed is really faced with two equally serious & pressing problems: (1) either stops QE4ever and risk blowing up the stock market, or (2) risk blowing up the bond market if they don’t. Both problems I might add are of their own making and that of lazy, shortsighted politicians whose only interest the past few decades was getting re-elected at any cost… In fact, I would name names but I suspect both you and Joe already know who these parasites are.
But more than that, there’s another problem which few of us are willing to see or even admit exists and that’s the growing problem of wealth inequality due to crony-capitalism/crony socialism in this country.
Just look at the vast array of insider deals, collusion, winners being picked by the central state, too big to fail banks bailed out with taxpayer money, etc. People are increasingly aware the Status Quo is rigged, and that the playing field is tilted to favor the few inside the crony-capitalist castle—what most now refer to as the New Nobility in this Neofeudal economy.
And if this is situation is allowed to continue—fester even further because some individuals like ourselves profit from it in the short-term, what sort of legacy will we be leaving our children & grandchildren in the end? Because as I look out into the world presently all I see is a world increasing chaotic, violent and growing more resentful & hateful with each passing day.
And not only does that concern & scare me, but it also greatly disappoints me since I know that irrespective of present wealth—the only true legacy I will be leaving my children & grandchildren will be a world far less able to cope and increasingly more hostile, a world poisoned by ever growing inequalities and greater hatred for its elites, which if left to fester will do more than merely come back to bite us.
So true Joe, most today—and I include myself within that category believed & felt that way in the past, but that’s no longer the case because this poison and social corrosive force we call ‘wealth inequality’, which for better or worse has gotten worse within America recently thanks to excessive money printing and the reflating of another financial bubble, while at the same time doing little if anything to alleviate the true underlying problems of this economy…other than greatly increase the resentment, distrust as well as foster an ever increasing hatred among the majority of people around the world. So why does it happen, and why do we let it–you might ask? I guess the only true answer to that question is because in this world the inequality that matters most is not wealth, but power. And we’ve been made to believe that we still have that power, but we don’t. Right now most people feel powerful none elective institutions like the Fed & ECB have that type of power, as well as control over their lives. And the longer that version of reality is left to fester & spread the more non-cohesive, distrusting, chaotic and downright hostile our society and this world will become.