... nothing short of the nuclear destruction of New York City, will prevent the media whores of the financial markets from doing their best to convince Americans to keep sending more of their money to Wall Street. If they cannot obtain it directly, through stockbrokers pitching deceptive investment marketing pitches such as "dollar-cost averaging" and "buy-and-hold," they will turn to the federal government to obtain it for them, either through indirect mechanisms such as the 401(k) or direct transfers of the sort that both the Bush and Obama administration have executed.That should tell you something.
Governments are instituted among Men, deriving their just powers from the consent of the governed, that whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or abolish it, and institute new Government.
Monday, March 16, 2009
Dead Cat Bounce
Read this.It should help anybody understand the stock market a bit better, and why the recent upswing is not worth a tinker's damn.
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