HOPE FOR A NEW BUBBLE IN STOCKS HAVE HELP SENTIMENT IN THE US...
WITH THE MASSIVE FLOOD OF NEWLY PRINTED MONEY BEING STUFFED INTO GOLDMAN SACHS AND OTHER INVESTMENT BANKS... IT'S NO WONDER STOCKS ARE SOARING...
THE HOPE IS THAT ...YET AGAIN...THE BUBBLE MONEY WILL BE THE "SOURCE" OF AMERICAN CONSUMPTION AND "PROSPERITY"...
AS LONG AS THE WORLD CENTRAL BANKS...BUY INTO THE BIZZARO NOTION...AND DEMON GOLD IS REPEATEDLY BASHED DOWN...BY THE USUAL SUSPECTS.
AND THE DOLLAR HELD ABOVE 140 ON THE EURO...
THE NEW BUBBLE THEORY MIGHT WORK... BUT ONLY FOR A WHILE...
BECAUSE, YOU SEE, THE "NEW BUBBLE THEORY"...IS JUST THE OLD BUBBLE IN NEW CLOTHES... SAME OLD SAME OLD...NOTHING NEW.
THE ISSUE OF "BRINGING BACK" THE SECURITIZATION MARKET FOR BAD DEBT FROM AMERICAN CONSUMERS IS ESSENTIAL TO THIS DISCUSSION...
BUT, THANKFULLY, IS BEING IGNORED FOR NOW AMID THE "JOY OF SPECULATION"....MOSTLY IN BANK SHARES...
CAN IT LAST...?
ANYTHING THAT IS BASED IN SUCH MAGICAL THINKING...CAN NEVER SUCCEED ....
THAT SAID THIS IS THE ULTIMATE LIQIDITY RALLY...WHICH WILL LEAD TO THE ULTIMATE ECONOMIC DISASTER...
ONLY JUST NOT TODAY...
RALLY ON...!
DOW UP 200 POINTS TODAY...
ON HOPE, HYPE AND THE PRINTING PRESS.
