If ANOTHER ASSET BUBBLE IS POSSIBLE IN THE US ECONOMY...AFTER ALL THAT HAS HAPPEN...
THEN STOCKS ARE A BUY...FOR NOW...
MANY ASSUMED...PERHAPS WRONGLY...THAT THE ERA OF BUBBLES ENDED IN SEPTEMBER...
YET BERNANKE AND OTHERS HAVE WORKED DAY AND NIGHT TO "BRING THE BUBBLES BACK"....
MANY THINK THEY CAN'T DO IT... OTHERS...THE BULLS...THINK THEY CAN...AND INDEED THEY ARE...AS THE DOW PROVES TODAY...
THIS IS A GREAT ARGUMENT... BUBBLES FOREVER.
BUT THE BETTER QUESTION IS ...WILL THE TIME BETWEEN THESE "BUBBLE AND BUSTS" BE SHORTENED...?
BERNANKE ALREADY HAS A MINI-BUBBLE IN THE DOW RIGHT NOW...AS OF TODAY...
THE QUESTION IS WHEN DOES IT TOP OUT...AND/OR CAN IT LAST FOR MULTIPLE YEARS LIKE THE OTHER BUBBLES...
IT IS VERY POSSIBLE THAT THE DOW COULD MOVE WITHIN A 2000 POINT RANGE FOR THE NEXT 20 YEARS...
THIS WOULD BE ENOUGH TO SATISFY THE BULLS AND THE BROKERS WHO "MUST" PLAY STOCKS...
WHETHER THE US REAL ECONOMY RECOVERS OR NOT IS REALLY NOT THE POINT FOR SPECULATORS...
THE REAL QUESTION IS "THE ACTION"....
LIKE A CRAPS PLAYER IN VEGAS...THEY ONLY WANT THE DICE TO KEEP ROLLING...THE REAL WORLD IS MERELY A DISTRACTION...
IT IS VERY POSSIBLE...INDEED PROBABLE...THAT THE MARKETS WILL "RECOVER" ON THE FED HYPER-LIQUIDITY...
AND THAT THE LIQUIDITY CAN BE HERMETICALLY SEALED ON THE STREET...AT LEAST ENOUGH TO PREVENT INFLATION IN THE REAL ECONOMY...EXCEPTING OIL AND GOLD.
AND THAT THE REAL ECONOMY WILL SIMPLY LIMP ALONG AT A VERY VERY LOW "NON-INFLATIONARY" LEVEL FOR DECADES...
