Hello Greece
What is the stock market telling us?
It is a bit of market folklore that bull markets climb a wall of worry. Put another way, when everyone realizes the news is good and the economy is humming the chances are excellent it is late in the game on Wall Street.
Over the last year we have had a long string of experts tell us it is a bull market, buy, buy, buy. This great bull market we are told is due to a recovering economy. Unemployment rates are at multiple decade highs, and consumer spending has been acting like an overloaded airplane attempting to clear a tree line at the end of the runway. Where is the recovery?n
Today we see Caterpillar release good earnings on lower revenue. Much of the good earnings news has been based on cost cutting rather than revenue growth. Economists are headed for the administration wood shed because they admitted in public that the stimulus programs have not worked. Obamacare we now are told will not reduce costs and will likely increase premiums. A newsflash that would be obvious to any thinking humanoid.
This plus almost certain tax increase to pay for the stimulus programs, Medicare, Medicaid, Social Security, and the national debt make for a really lousy stock market incubator.
Since March 2009 stocks have rallied strongly on easy money, low interest rates, and unfettered optimism by Wall Street and media shills. Now short interest is rising, oil dropping, and insiders are likely easing toward the sidelines.
Who knows what will trigger a market break and test of the March 2009 lows, but until they are tested, hold, and a new rally begins, we have had a splendid bear market rally, not a bull market. Investors beware.
manners r not us
Several of the folks I follow on Twitter have commented recently about rude tweets and a general lack of manners on the web. I feel their anguish, would that something could be done about it.
This is part of what is generously referred to as a coarsening of civility in society. Everyone feels free to act like the poor relation that shows up for the family Thanksgiving celebration, gets drunk and obnoxious to the point of ruining the holiday for everyone else.
Unfortunately, our society has lost the means of disciplining or correcting those who stray from civility. In times past these corrections might have ranged from remonstrance by an elder, to a trip outside for harsher measures. Now, for a variety of reasons, those mechanisms are gone.
As a result, there are all to frequently no ‘consequences’ for anti social behavior save internal discipline which is very short supply these days. So, what to do? There is no silver bullet solution, but there are a few steps that we as a people can take, such as:
Take responsibility for your actions. The devil did not make you do it.
Take the ‘law’ into your hands. We can, we must as others may not do it for us.
Do not excuse or laugh off uncivil actions. Say something!
Think before acting. If an action would offend you, it will offend others.
Reward civil behavior, even if only with a ‘thank you’.
A return to a more civil society will be difficult, but with a personal commitment from all of us it can be done!
Laus Deo
What is Wrong with NO?
Absolutely nothing! Some people believe that a positive message is a requirement for success at the polls. Well, look where YES has gotten us. Obama and liberals for generations have campaigned on warm, fuzzy, look what great things your government is going to do for you if you vote for us and ignore those rascally republicans.
That is precisely what got us into this fix in the first place! Of course, we all remember “Yes you can!” Yes brought us big government, high taxes, lousy service, and overwhelming ambition of those whoo exist to promise us more “Yes” if they stay in power.
I suggest a platform of NO that will win in November.
NO socialized medicine
NO tax increase for anyone
NO big government
NO Arab oil
NO Washington NO, not with our money
NO Jihad
Let’s teach politicians to say NO!
Turning Point?
Economist and CNBC commentator Larry Kudlow published a column reversing his thinking that the economy was not in recovery mode but merely marking time. Based on recent employment and retail sales numbers, he now believes corporate earnings will be strong and push the market higher. I am not convinced. He is the guy on TV, I am the unknown blogger, but I think the numbers are misleading. Earnings have been good, but those results are based more on cost cutting rather than revenue growth. Bull markets are born of optimism, loose money and low interest rates. We have had loose money and low rates. We have had a tremendous rally off the lows. It is time to take profits or raise stops to protect profits. World debt levels are worrisome, government spending is going to force tax increases. Interest rates must rise to sell bonds. This is not a bullish environment. Investor beware.
A few thoughts about guns!
I received an email recently with these and other images that cover many of the reasons one should consider being armed. The best reason is one taught by our founders. Armed citizens are the final guarantee of a free people. Free people are the militia mentioned in the second ammendment. The liberal idea that a government owned and operated national guard is the militia referred to is so obviously wrong that the founders would be speechless.
So the choice is yours be an armed citizen or be a serf.

When nature doesn't cuddle back

Peace lasts longer when you are well armed

Chose to fight fear

The last view of the deserving
Clock ticking on Keynes?
Last month I opined that Keynes and his economic theory may be hitting a brick wall again. Here is Zerohedge looking at Japan and it’s Keynesian public stimulus/finance program.
The day of reckoning is coming for government debt spending. Central banks may keep the party going for weeks or months, but the clock is ticking.
Taliban justice for women
Here are women’s rights are under the Taliban and radical Islam.
The womens’ movements in the west should be in the forefront of the struggle against this medieval barbarism, but they are silent. They are conspicuous in their absence. Which tells you all you need to know about their true motives, mission, and aspirations.
The women’s movement as represented by western liberals is not about women it is about goverment change. It about anti freedom, anti enlightenment, anti everything western tradition stands for.


