Equities For Today And Tomorrow
Dire economic warnings remind me of dire global cooling, global warming, climate change warnings.
On August 31, 2009, Karl Deninger wonders “Is a Crash Impending?”
What did Karl wonder on March 5, 2009 when the S&P 500 was at 682.55?
Just so you have a short list of what’s at stake if Washington DC doesn’t change policy here and now (which means before the collapse in equities comes, which could start as soon as today, if the indicators I watch have any validity at all. For what its worth, those indicators are painting a picture of the Apocalypse that I simply can’t believe, and they’re showing it as an imminent event – like perhaps today imminent.)
I really do not care about the Karl’s of the world.
I care about those that listened to the Karl’s and gave up the opportunity of becoming whole again in one of the greatest Bull Market recoveries.
I supported George W. Bush’s appeal for some form of self directed investments for a persons social security account because US Equity markets have historically offered the best rates of return over the long term.
I believed in the markets then, I believe in the markets today.
US/World Equity markets are captive to no single political party or US President.
That is what makes them great.
The bear market that we just came out of, will become a small footnote in the long term history of wealth creation, as has happened to all bear markets.
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September 10th, 2009 at 5:13 pm
I’ll believe it’s a bull market when it can stay up after the Fed turns off the money printing.
[This is a blog but.., define the index and what stay up means. i.e. Dow 7,000, Dow 8,000, Dow 9,000. Do you mean stay on the projected growth rate? OL]
[Again no offense, but I learned a valuable lesson from Rush and that is to run away from doom sayers. The doom sayers list is many. We have running out food, running out of oil, running out of production metals, global cooling, global warming, climate change, over population and lots more. If a prediction has a whiff of doom I run!! It does not matter what political party is saying it. Thats what I cherish about Ronald Reagan, he was not a doom sayer. OL]
September 10th, 2009 at 5:50 pm
“I believed in the markets then, I believe in the markets today. The bear market that we just came out of, will become a small footnote in the long term history of wealth creation.”
WOW Oakleaf….or should that be Nostradamus?….you mean that the stock market is a good long term investment? First it’s “better than expected earnings for Dr. Pepper” and now this clincher. And I thought Polipundit was just a political site!
Truly, Oak, your grasp of the obvious is under appreciated by your many critics.
[PP's comments further down explain it all. I also share the same opinion and I too could be wrong. I blog on market issues for one specific reason and that is to serve as a balance so no one comes to Polipundit and then says they cashed out of the market because they read it at PP or they went into the market because they read it at PP. Here is the truth of the matter, there were people invested in the market who cashed out because they listened to the political rhetoric. Those individuals suffered tremendous damages. I personally fell for that rhetoric with the election of Clinton and lost out on a lot of growth in his first two years of office. Since then, I consider politics to be background noise when investing. OL]
September 10th, 2009 at 7:43 pm
It amazes me that Oak Leaf is still allowed to post his ridiculous left wing rants here. Why does Poli claim that this site has a “conservative bent”? Oak Leaf’s views are to the Left of Michael Moore. I am so sick of it.
September 10th, 2009 at 7:57 pm
He has a way of sucking the oxygen out of a room.
September 10th, 2009 at 8:07 pm
I’d go check the consumer credit numbers before making proclamations about a new, durable bull market.
I’d also ponder what the bond market is telling you.
Hint: It ain’t what you’re selling.
[You said the same thing at Dow 7,000, again at Dow 8,000, again at Dow 9,000. and now at Dow 9,600. I am thankful I started dollar cost averaging back into the market last fall when I came home and jumped in with both feet in March. OL]
September 10th, 2009 at 10:06 pm
I know a lot of people disagree with Oak Leaf’s take on how the economy’s doing. I disagree too.
So why does he get to blog here? Because I could be wrong.
September 10th, 2009 at 10:46 pm
In Norse mythology, Loki is known as a trickster. He is described in the Prose Edda as a “contriver of fraud”. Although he doesn’t appear often in the Eddas, he is generally described as a member of the family of Odin. Despite his divine or demi-god status, there’s little evidence to show that Loki had a following of worshippers of his own; in other words, his job was mostly to make trouble for other gods, men, and the rest of the world.
Loki is known for bringing about chaos and discord, but by challenging the gods, he also brings about change. Without Loki’s influence, the gods may become complacent, so Loki does actually serve a worthwhile purpose.
September 11th, 2009 at 9:16 am
So why does he get to blog here? Because I could be wrong.
What a shame! People have been asking for months why you let OL post here. Now it’s official. You like what he writes.
Posters told you they abandoned this blog because of OL. You were left with little more than acroso spam and leftist trolls who idolize OL. After OL became somewhat scarce and you started posting more, people were trickling back.
People probably started giving you the benefit of the doubt. Now that it is no longer a mystery why you let OL post here, I think you will see your site continue to decline. Conservatives are fed up with CINOs.
September 11th, 2009 at 9:13 pm
Its not just Oak Leaf’s take on the econom, Poli. He is a left wing Democrat who worships Barack Obama! Please, for God’s sake, ban him from your site! Please replace him with a conservative!!! This site proclaims itself to have “a conservative bent”. What is wrong with you?!!!!!
September 12th, 2009 at 12:55 am
What is wrong with you?!!!!!
Can’t you read?
Because he could be wrong.
Makes sense to me! /sarcasm