Originally Posted By: stlhead
Gave up trying to read all of this.
Are the RWWJ's whining because when GW was elected the dow plunged and when Obama get's in it starts to skyrocket?

The market may be due for a correction but stocks are still under valued as the GW banking crisis drove them into the ground. Another thing driving the market up is the recent change to short selling rules. Under GW you were seeing days where more shares of a stock were bought or sold than existed which should be impossible. Some companies were being driven into bankruptcy because the shares would be short sold into nothingness. You'd see companies come out with quarterly/annual earnings that smashed estimates only to watch the stock plummet. Who wouldn't sit on the side lines when the fox is guarding the hen house which was typical Bushism. As for Gold i'd say it's way over valued and only staying where it's at while the dollar is down and the dollar is down because we want it to be for now.



I especially like the part where you say the stock market is still under valued yet in another thread advocate that "artificial" segments of the economy like "real estate and mega yachts go bye bye."

rofl
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On a long enough timeline the survival rate for everyone drops to zero.