Well, readers of this blog can't say they weren't warned!
Frankly, I see the Dow going to 7000..... The problem is that it's very hard to value paper investments that DON'T have a return built in.
You Know what a bond is worth by IT'S YIELD. Right?
But most stocks STILL don't pay anything like a decent dividend. And any extra cashi, IF ANY, is used for BUY BACKS......which is really a way of supporting the STOCK OPTION OF THE CULT OF THE CEO...who runs the company.
So, money is wasted in BUYING BACK EXCESS STOCK ISSUED UNDER OPTIONS....which means the investor is not the first person in line for the company's earnings....IT'S ALL ABOUT THE CEOs AND THE INSIDERS WHO ARE MOSTLY JUST LOOTING THEIR COMPANY'S NOW.
Exactly what part of that don't you understand.....?
STAY TUNED AND BOOKMARK THIS BLOG...BECAUSE THERE IS A LOT MORE TO COME IN THIS MARKET CRASH....THE THE KORRUPT KONGRESS IS STILL IN SESSION TOO!
THIS IS GOING TO GET VERY VERY INTERESTING........
