Don't know about the onion… "0" is just that zero with all its hate the Fed, hate the Gov, hate happy.
Years of misleading News and Doom bias.
Agree… Both. And do agree the Fed staved off a catastrophic collapse. However the Fed itself may have been a contributor to a potential collapse.
Both of these rags main premise is
How will the FED explain itself?
When the real Question is How will these rag sheets explain themselves when Silver goes single digits?
Sorry man…. no way for a Real Estate buckle.
!). Inventory shortage continues.
2). Interest Rates are going no where.
3). Rents are starting to make housing look like housing the cheapest way to go.
Maybe Tech might be a good Short but only if the strong Dollar continues.
Again, today… CNBC pundits failed to blink with the announcement of a 0.7 First Quarter contraction.
Some Pundit woe'd over the fact that he had to deal with Retail Investors and Retail Investors were not investing. Too Funny.
FED won't and can't raise Interest Rates.
Short Term Bearish. Long Term Bull. Which means Buy.
But don't listen to me… because my REAL name is Alfred E. Neuman.
Today Bad News is actually Good News because it increases the likelihood that the FED won't raise Interest Rates
Today unemployment claims are up and exceeded estimates and consumer confidence swoons to 2008 levels.
Think you are right. Market downturns are a hum hum event.
Only the old pundits like Art Cashin might register concern.
All of them talked over the pullback, ignored it and just said….. BUY FOREVER, BUY EVERYTHING!
Wake up people… Thats about the biggest Buy signal ever.
It shouldn't take a bulldozer to get that message across.u