The Rubber Band continues to stretch with Equities

the higher we go the more spectacular the fall. I hope we go higher.

Quote from hayman:

You know that the HFT's and Institutional money is going to push the DOW into all-time record territory today or tomorrow. And every day, this rubber band stretches more and more. Heck, we may see DOW 15,000 before the Equity Implosion begins (that is, the Rubber Band snaps). And when it does, it's going to be an explosion that dwarfs 2007.

In all my years, I have never seen a larger disconnect between the actual health of the World Economy and these Equity markets. The markets are impervious to reality, and the only information that equity traders want to hear is the bookie information that Ben Bernanke has been feeding them.

Bubble Ben is a short-term hero to many, but believe me when I say it, he will go down as one of the all-time economy destructors in the modern financial world.
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Quote from oldtime:

wow Daring, you are starting to sound very wise.

Is that your new thing?

Just write short sentences

pretending you know something?
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I actually pretend to know less than I actually know.
 
Quote from Daring:

I actually pretend to know less than I actually know.
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LOL, that puts you in the minority on ET.

Here most pretend to know more than they actually do.
 
Quote from piezoe:
.... Medical and war costs must come down dramatically and the money shifted into education and infrastructure. And we must make certain everyone has access to routine medical care. Competition and free markets must be defended against special interests. When we have done these things, we will gradually experience a dramatic increase in real productivity and citizen well being.
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With respect, the only thing you left out is the fairy godmother to allow this to happen.

question: who is WE ?

answer (I assume you mean): Our elected in the executive & legislative arms of government in Washington D.C. AND/OR the electorate (who bother to vote).

Six years ago I decided the problem is not who is in Washington D.C. They are who they are, continuing to be who they were before becoming elected.

How scary is this: It is the American citizen (who bothers to vote) who is responsible for who is in D.C. It has been for 6 years my conclusion he is in the aggregate very shallow in (1) American history, (2) economics, (3) political spectrum meaning "on the left" or "on the right," and (4) current events. As a result, he votes the party line with the exception of independents who are not removed from the above-cited deficiencies. Or votes his wallet as was an important causative factor for November's election results, sucking off the engorged government tit of free money to him encouraged by the current administration to do so.

It doesn't help that the U.S. ranks in the 20's for level of education, depending on the source. Add to ignorance, complacency, or priorities not allowing him to become more informed.

The Republican party says first it has to get its act together and then put itself on the road to "get the message out." Well excuse me...If there is no receiver of the message, there is no communications. And if a receiver hears the message but cannot process it with a base of knowledge and motivation, the message falls short of its purpose to affect the brain the way it was intended.

Jan 14, 2013.... The Washington Post
"....start not with the politicians but with the people who put them there. The voters, God bless ‘em, do not punish the Jim Moran types but return them to office again and again. They vote for divided government. They are upset about the debt and about every measure to fix it except taxing other people (now we’ve done that) and cutting foreign aid (which is a ludicrously tiny amount of the budget). They self-segregate and tune in only to left-leaning and right-leaning media. They are horrendously uninformed or under-informed (hence the small number of people who can identify prominent government officials, know which party controls the Senate, etc.)
http://www.washingtonpost.com/blogs/right-turn/wp/2013/01/14/no-labels-no-relevance/

Your optimism has first a culture to be reformed piezoe. Neither technology nor hyper-motivation for change (internal economics or threats from outside the borders) are gonna move the needle for constructive change when the headwaters for change comes from the American voter in his current condition that is the poster child of the definition of insanity when he doesn't change the quality of the elected. Certainly not more political demagogues whispering into citizens' ears what they want to hear, and citizens are too dumbed down or bribed to know better or too complacent to want to know better.
 
Quote from piezoe:

Roubini thinks current Fed policy is eventually going to end in "catastrophe". He isn't giving enough credit to our ability to respond to crises and make the changes necessary. In the final analysis the Fed can't do it, but Congress and the administration can. I think, over time, they will, because they have no other choice. It is going to take increased productivity as employment picks up. It's doable! There is more than enough money, but it's in unproductive pockets.

The first step is to stop acting as though we're insane. We must accept the reality that this is not 1950, we are not going to be attacked with a bevy of nuclear war heads coming over the North Pole --nor were we ever!-- and it's a very bad idea to throw everyone we possibly can into prisons and keep them there for years as corporate profit centers. Medical and war costs must come down dramatically and the money shifted into education and infrastructure. And we must make certain everyone has access to routine medical care. Competition and free markets must be defended against special interests. When we have done these things, we will gradually experience a dramatic increase in real productivity and citizen well being.

Entitlements, welfare, abortion clinics, gay marriage, personhood, and the morning after pill have nothing whatsoever to do with deficits. We need to get off those band wagons and get on the fast track to prosperity.
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Spot on you should run the country..
 
Quote from gdtrader:

Spot on you should run the country..
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But have a few fairy godmothers in your cabinet.

".....the problem is not who is in Washington D.C. They are who they are, continuing to be who they were before becoming elected.

How scary is this: It is the American citizen (who bothers to vote) who is responsible for who is in D.C. It has been for 6 years my conclusion he is in the aggregate very shallow in (1) American history, (2) economics, (3) political spectrum meaning "on the left" or "on the right," and (4) current events. As a result, he votes the party line with the exception of independents who are not removed from the above-cited deficiencies. Or votes his wallet as was an important causative factor for November's election results, sucking off the engorged government tit of free money to him encouraged by the current administration to do so.

It doesn't help that the U.S. ranks in the 20's for level of education, depending on the source. Add to ignorance, complacency, or priorities not allowing him to become more informed."

http://www.elitetrader.com/vb/showthread.php?s=&postid=3766023#post3766023

(Well maybe amend that 20-something ranking to America having a 30-something ranking for efficacy of education. The big city of Atlanta has its teachers goosing student test scores.)

http://www.nytimes.com/2013/04/03/us/atlanta-cheating-scandal-jailing-educators.html?_r=0
 
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