Big Picture Thinking

[Jelly]

I subscribe to a belief of very bad things developing next year but I also think Bush/Bernake will force things to stay rosy till the results of the elections become clear. The same with China and the Olymics. Operative word is "force".

I loved Cramer saying the loves the little guy and unions to protect them but better to make money out of businesses (auto, tobacco) who will do anything to increase the bottom line. Now that the economy is without borders, the opportunity for greed to prevail is also without borders.

I'm glad I developed a "live for today" attitude, back in the day, a little of which still remains. I wonder if the we will kill the earth or each other in a global civil war first.

............and I'm in a good mood today Hahahaha

[netwrangler]

Originally Posted by Jelly

I subscribe to a belief of very bad things developing next year but I also think Bush/Bernake will force things to stay rosy till the results of the elections become clear. The same with China and the Olymics. Operative word is "force".

I loved Cramer saying the loves the little guy and unions to protect them but better to make money out of businesses (auto, tobacco) who will do anything to increase the bottom line. Now that the economy is without borders, the opportunity for greed to prevail is also without borders.

I'm glad I developed a "live for today" attitude, back in the day, a little of which still remains. I wonder if the we will kill the earth or each other in a global civil war first.

............and I'm in a good mood today Hahahaha

Jelly, I admit to having some of the same thoughts.

Personally, I doubt that Bush/Bernanke will force things to stay rosy. I doubt that Bernanke will exercise the power required to do that. I know that Bush no longer possesses that power. So, I, too, see 'bad things' developing next year.

As to the question of how we will kill the earth first — that's a what forecast. I'm hoping the when that goes with it is far far away.

[theticktrader]

INteresting post...

[madcowdisease]

I would not be surprised to see things go even higher next year. Remember, housing was supposed to topple the markets this year and look where we're going. For a snapshot of where we are now oil is being manipulated out the wazoo, China stocks are on fire, and select tech firms are setting 52-week highs nearly everyday. Reason tells us we need a selloff, and many people I know in various industry sectors say we're in a recession, but seemingly everyday we're going higher. You have a better chance of flipping a coin and getting the right answer.

However, if 2008 is anything like 2004 then we will see the market react unfavorably to the Democrats leading in the polls.

[Jelly]

Well, it's December 8th now. I still haven't changed my mind. I absolutely love being bullish and salivate at reports that Goldilocks will frolic on.

But doom and gloom has a point too. The current housing mess is just icing on the trend for the polarization of the financial extremes. ..........and the stress is showing (shootings/crime and faux disciplinary actions against wall street crooks, outrage over top level compensation; I'm discounting the hyping of bad new by the ever more persistent media).

What really worries me is that, unlike the Japanese, the rest of the world can take advantage of a serious depression, buy up America, and NOT get forced out.

I'm thinking positively for the rest of the year and then the stops will get tighter.

Pssssst......I've got some land in Fla for sale at a steal.