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Market Need More than Words

Pistol Wrote: Feb 08, 2013 7:02 AM
The stock market is a perfect illustration of the fact that our tanking economy does not spread the misery equally. Corporations are maintaining profits on smaller sales volume by reducing costs faster than sales are dropping. Unemployment of college grads is about 5%, even when including the recent spate of grads with junk degrees who can't find a job. Those who have prepared themselves for a basic needed contribution to the economy are just like the corporations. Cut back on fringe extravagance, get a little leaner and meaner, and quality of life continues. The misery is felt disproportionally at the bottom of the economic ladder. If the average unemployment is 8% ( i'll stipulate this gov't joke) and doctors and engineers and nurse
Pistol Wrote: Feb 08, 2013 7:07 AM
nurses are at 5%, some group is above 8%. As things deteriorate, this group(s) will continue to bear the brunt. History indicates when things get bad enough that a large segment has nothing to lose by revolution against perceived grievance, they do revolt.
A single word even may be a spark of inextinguishable thought.
A Deference of Poetry
-Percy Bysshe Shelley

All the pieces are in place, but the market still finds itself stuck in neutral. There is no doubt the rally is in need of a spark, something to push it through the current atmospheric resistance, something to get people to jettison the reality of their own lives and that of too many other Americans, and buy into a frenzy of sorts. In the past, the best spark always came from the monthly jobs report, yet now the best we can get from that data point...