Fish, there is something I think going on that's not being discussed because so many are part of it. Remember how much money the fed/congress put into the 'system' - which basically means the markets. Money went to the banks to prop them up which they in turn put into stocks as an indirect runaround by the government to stabalize the markets. Strong markets = potentially strong economy due to the wealth effect. Okay, fine and dandy. Seems to have worked somewhat. The problem now is that they - that is, the government/fed - have blown their wad and have no more ammo left. But right at the time the economy is looking to roll over again. All that money that was printed/pissed away is now looking to have not done much.
So, yes, all those headlines are designed to prop the markets, clearly. But look at what happened today- the market opened up big, then sold off. Why? Because the pros know better. Most are actually starting to get it. And I'd say most are actually not buying for the expectation that there is going to be this follow-through selloff. I personally don't know what is going to happen. But I do know that not much is being done from where it needs to be done - DC.
In other words, don't buy into the headlines. Just go with your gut and what you know to be true. All the cheerleading won't change the outcome. It will only delay it.
AI
