The U.S. stock market is poised to end the year with a comeback of historic proportions, with the Dow up 61% from its March nadir and 20% on the year as a whole.
The WSJ says this, with the headline: 2009: Banner Year for Stocks. Within the article, a key line " many mom and pop investors, who were badly burned by the stock market collapse, remain wary. As of the end of November, stock mutual funds had suffered a outflow this year of $4 billion. By contrast there has been a inflow of 2.84 billion into taxable bond mutual funds"
Simply put, this meteoric rise has been done on lesser than volume with the influx of the flight to "safety". This means there is much more money that could go into the market.
Of the many Happy News Years that were exchanged this past Friday, I'd like to share my favorite rant, as it will lead to my concern on the disparity in this country.
I'm at my in-law's being forced to watch the Fox news channel "all american new year show." Its kinda phckd up. It reminds me of watching a cheesy movie from the 90's called Starship Troopers. There's so much propaganda, it's laced throughout the programming. I don't watch allot of TV, so maybe this is just what the media crams down the public's mental throat on a daily basis, but this scht is just bizarre. Call me un-patriotic, but I just get the feeling that I'm being corporately programmed. Some guy was just on there spouting off about how America brought the world everything good, the first freedom known to man. What a bunch if pig-headed buhlschiht. It looks like they have this scrolling marque on the bottom of the screen for people to text message their new years greetings to the world. Somebody felt the need to text some schit about "freedom from arrogant government control."
This country is truly in trouble.
Anyway. Happy phcking new year!
MR
This country is truly in trouble.
Anyway. Happy phcking new year!
MR
It says it all to me. There will be responses that Fox is the only "reputable" news channel, and somehow we've gone from a country united to change, and in desperate need of, over a year ago, to a country that is improving and coming out of recession, but even more caught in in-fighting, lobbying, and stupidity from the 540 in Congress.
