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POTC warned of this day several weeks ago, please verify the blog archive on October 6th and 7th. Our team feels vindicated as equities sold off and lost most of their October gains on the same exact day the "Golden Cross" occurred. Yet many CNBC talking heads continue to blow their bull horns as if pending anti free-market legislation did not matter.
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Shame on Jim Cramer and everyone who is turning a blind eye to the increased regulations and controls on the horizon. The insistence of the Obama Administration that government is the solution to all our problems is troubling and only developing, as the donkey majority is behaving very aggressively in favor of a centralized government model.
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Every private sector is at great risk of having to change their business models as a result of higher taxes and government fees. Whether Public Health Care, Energy Cap and Trade, Autos, Banking, Insurance, or Employee Free Choice Act/Card Check (EFCA), POTC agrees with Larry Kudlow's blunt admittance on Thursday, Oct 22nd: "I Cannot be a Long-Run Bull on the Stock Market".
http://psychologyofthecall.blogspot.com/
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10 comments:
I like Kudlow a lot.
Jill K.
Gold will fall and stock will rise, Obama is a good president for the world.
Watch CNBC only because of Larry Kudlow.
Larry
Agree, stocks will not rise as long as the fear surrounding Obama are in the news.
Jessie in Arizona
How is it that you guys have nothing to say about America's military spending which is greater than the rest of the world combined? It is EIGHT times that of the next ranked China.. Ponder over it and then answer this question - what deserves a higher priority - defense against imaginary WMDs or affordable healthcare for the poor?
First of all, do you know anything about U.S. GDP compared to other countries? Second, do you know anything about how precious freedom is? Third, where in the Constitution does it say the government has the duty to provide the poor with health care? Lastly, ever hear of the Kurds being murdered/poisoned with Saddam Hussein's WMD bombs?
Bob
-Yes, I do.. It is certainly not more than the rest of the world combined. ($15 trillion compared to $46 trillion)
-Yes, freedom is precious. But then that doesnt mean we spend a trillion dollars to defend us against some imaginary alien living on Pluto. There is no disputing the fact that no WMDs were ever found in Iraq. And that was the premise of the war. Why should the GOP govt be not held accountable for duping the American taxpayer into financing a war based on lies?
I wont deny you the right to question the govt's intent, but when that urge to cross-examine the govt becomes one based on prejudice, thats when it starts getting troublesome. Anything that the GOP did/does/will do is acceptable and righteous and constitutional, but anything the donkeys will do is all wrong, unconstitutional, immoral, socialism...
And what source do you believe regarding China's military spending budget being 8X less than U.S.? Because IF you believe what China is spending on military, I have some ocean front property in Arizona for you, cheap. Ponder that (your words). Have you NOT heard of the Kurdish annihilation like Hitler did to the Jews? What is it you don't understand about history repeating itself and rogue dictators like Saddam Hussein? Do you realize Saddam used WMD's on the defenseless Kurds in Halabja:
http://en.wikipedia.org/wiki/File:Chemical_weapon2.jpg/
"The incident, which some define as an act of genocide, was as of 2009 the largest-scale chemical weapons attack directed against a civilian-populated area in history".
Do you think that was fair in the 21st century? A government should be powerful militarily, no doubt, but when the leader is a murderer, like Hitler, Saddam, Stalin, or Ahmadinajed (Israel must be wiped off the map, is that a humane statement? fair?). In these cases, world military powers like the U.S. must destroy that danger immediately with brutal force. What is it you don't understand? The government collects taxes to protect our sovereignty/liberty, NOT to pay medical bills of people who chose to smoke and do drugs, or people who were born with bad genetics. This is the land of the free, perhaps consider moving to Cuba if youy want to stand in a medical line for a handout. Make sure you're happy with a loaf of bread, some sugar, flour, and a couple roles of very course/hard toilet paper. I remember, I am
writing from experience. Oh yes, coffee only once a year if you're lucky. What is it you don't understand about the priviledge of living in the United States? It is NOT some bureaucrats job to control every aspect of our lives, yet it is their duty to protect our sovereignty through a super powerful military. You need to re-read the Constitution and all documents signed by the Founding Fathers, they make great sense.
So then there is no limit to how much the US should spend on defense? If tomorrow the govt decides to build 500 aircraft carriers and awards contracts for the same to private contractors, you would be super happy that you are now safer?
You wouldnt care if 45000 Americans die becuase of inadequate healthcare, but you do care that the evil terrorists kill 450 Americans by crashing a plane into a building.
All I ask is to put a value on human life. If you think its ok to spend a trillion so prevent the terrorists from killing 450 Americans, why is it not ok to spend 250 billion to ensure that 45000 dont die due to lack of basic healthcare? That is a question for you to ponder. Why is it that fighting one enemy is ok, but fighting the other is not?
Anyways, I dont think there is an end to this debate. When humans lose their humanity, the end is near.
War is the seed of Peace just as Peace is the seed of War. Soc or Plato said that. Yet IF we allow dangerous dictators and countries like Iran to have a nuclear bomb, you're right, the end is near. I think the debate here should be about technology, and we went off on whether poor people should be helped by the U.S. Gov't, which I still say no. U.S. success hinges upon innovation and entrepreneurship, what is it you don't understand? Did Einstein develop his theories from the backing of some bureaucrat? Did Henry Ford develop the automobile by the backing of some bureaucrat? Uh uh, they did it because of their individual genius was unleashed. Anyway, I respect your opinion, and I see you respect mine, that's what makes this country the best place to live. We wouldn't be able to have this discussion in China for instance, and ask yourself WHY the Chinese are 90% against Obama? PLZ go anywhere they have socialized medicine, and you'll soon find people are VERY unhappy with the lines, bureaucracy, red tape, and most importantly the quality of health care professionals. Ever get an attitude at your local DMV or post office? Those employees could care less about competition, as they know you have no choice. PLZ wake up to my love for the free-market model. Defense spending contributes to GDP and employment by the way. Every world power must keep up with military spending, it's the ugly nature of people we agree on. The nuclear age has changed the entire paradigm of war. Definitely do not want any American soldiers dying in vane, agree, but the man you voted for has extended Bush's policies. Did you get the change you wanted?
Let's agree to disagree, I respect your arguments.
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