October 15, 2007 - A very quick PSA here. We have started an investment forum on facebook called Crisis Investing that is open to everyone as of right now. Learn how to build an investment fortune quickly from the impending economic crisis that will hit global stock markets. Just register at Facebook and search for and join the Group “Crisis Investing.”
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October 15th, 2007
October 15, 2007 -
I’ve often mentioned that the U.S. stock market can APPEAR healthy even when the underlying economy is in worse shape than an alcoholic on a kidney dialysis machine. And this is just one of those instances right now. As markets continue to climb higher on manufactured, political-agenda serving government statistics and interest rate cuts, rally cries from all the bulls (aka sales people, I mean company men and women) that this is bull run of historical proportions and that you better come along for the ride started already a couple of weeks ago. And how soon people forget the dot.com crash in March 2000 that subtracted trillions of dollars from the personal financial statements of investors. Back then, the exact same statements were being offered to the public masses that will once again be offered in the very near future as the political juggernaut no doubt will try its best to manufacture one last bull run into the 2008 Presidential elections. Remember from the dot.com rally, that irrational movements higher can last an irrationally long time— this, I don’t dispute. I also have no doubt that any rally that is artificially manufactured with loose credit and low interest rates will experience a terrible ending (just look at how the artificially manufactured housing boom in the U.S. is playing out now). Peaks artificially manufactured by bankers are much different than the peaks of normal cycles that occur in the free market. Peaks that are artificially manufactured by bankers will always end up terribly.
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October 15th, 2007
