The Ignorant Investor

Ignorance Can't Stand in the Way of My Opinion

Saturday, December 19, 2009

 

Okay, I admit it....

I've watched the market run-up since March with surprise. We've got an economy based on consumer spending, and all the data points to consumers spending less in the future. We can't export our way out of a recession because we no longer have an export-driven economy. So where's all the optimism coming from? Fast money, I suppose, that needs to be put somewhere after the Fed drove down interest rates. There's no money to be made loaning money to the government or corporations. Real estate is still gasping for breath. So no other place to go to get return but the stock market and commodities.

Comments: Post a Comment

Subscribe to Post Comments [Atom]





<< Home

Archives

June 2005   July 2005   August 2005   September 2005   October 2005   November 2005   December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   June 2006   August 2006   September 2006   October 2007   November 2007   December 2007   January 2008   March 2008   May 2008   January 2009   February 2009   July 2009   November 2009   December 2009   January 2010   April 2010   September 2010   October 2010   November 2010   February 2011   March 2011   April 2011   August 2011   September 2011  

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]