Why is the stock market rallying, when US banks are failing, the eurozone is in a mess, and China is tightening?
Our leaders, like all bureaucrats, do not have the capability of preventing crises. They are the ones who create them. Look at what happened to banks, Ginnie Mae, Freddie Mac, and the housing sector. Now they have nationalized them and are adding, on top of all that, the student loan business. The excuse is to cut costs and encourage good education. Can governments be so efficient? Or, is it social engineering?
One thing they know. Print money because this is the only thing rallying the market – liquidity. This is the only real reason.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
No comments:
Post a Comment