Oh no! The stock market went up 900 points in one day, the biggest rally in stock market history. Someone, somewhere, will try to paint this as a Bad Thing. What I find hilarious is the lazy reporting going on saying that the rally occurred because investors were excited about what legislators were doing. Really? I suppose that is why when the bail-out passed, many rushed to take the money out of the markets. They were scared they would lose their money like those bottom feeders did when Fannie Mae and Freddie Mac were ‘bailed out’. But apparently, Washington has declared it would take no further action, meaning the ‘rules’ wouldn’t keep changing, and the bottom feeders began to dive in. Since no one wants to be left out at the bottom, it is no wonder it rallied so large. As high as the market was, imagine how wealthy some people would be if they got in when it was below 9000. Now they see their chance and are taking it before it closes, in their minds, forever.
2016 is my estimate of the Big Bomb of Social Security and Medicare will hit. Their equivalents in other countries will be even more dire. And I have yet to hear any politician interested in doing anything about it. They all know it is coming, but they don’t expect to be in office then. They will kick the can down the road.
Malstrom's Articles News 