Bill Maher Couldn't Keep Quiet About This Woke Issue Anymore
It's Not Hard to See Why NPR's New CEO Dodged This Simple Question...
The Washington Post Wants You to Feel Bad for These People. Don't.
Here's How Iran's Foreign Minister Responded to Israel's Latest Strike
Biden Admin Faces Heat After Announcing Drastic Plan That Fuels Radical 'Climate Change'...
Democrats in This State Want to Become a ‘Sanctuary’ for Kids to Access...
'Repulsive:' MTG Goes Scorched Earth After Massive Ukraine Aid Package Approved
HHS, National Archives Hit With Lawsuit After Being Caught Deleting Emails of Former...
Democrats Wave Ukrainian Flags, Cheer 'Ukraine!' After House Passes $60 Billion Aid Packag...
House Passes Johnson's Foreign Aid Bills, Expected to Be Passed by Senate and...
Planned Parenthood Abortions Is One of the Top Leading Causes of Death in...
California Dems Weaken Bill to Make Buying Child Sex a Felony
Bombshell Testimony Reveals WHO Pushed for COVID Vaccine Passports Despite Knowing They We...
Corrupt Letitia James Asks Judge to Reject Trump's $175 Million Bond
Dem Official Says It's 'Not a News Story' Would-Be School Shooter Identifies As...

The Seduction of a Bear Market

The opinions expressed by columnists are their own and do not necessarily represent the views of

Hallelujah, it’s over. 

We can emerge from the storm cellars and lead a decent life again. 

Housing prices have stopped falling and housing sales are starting to escalate. 


Pretty soon, you’ll be able to place a “for sale” sign on your front lawn, and have twenty buyers waiting to be given a tour of your home. 

Unemployment will reverse dramatically and nobody will have to worry about losing a job ever again.  All those college students living at home can now throw away those Starbucks aprons and get on with their careers in Philosophy, Art History, or Medieval Studies. 

All the worries about Europe imploding or Greece defaulting have been put aside as the German people agree to support the retiring Greeks, Italians, Portuguese, Spanish, and Irish. 

Rumor has it that Tim Geithner will follow in the footsteps of Ben Bernanke, and be named Time Magazine’s Man of the Year for his deft and skillful handling of the European crisis while he recently visited in Poland. 

Finally, the most recent accord reached by Republican and Democratic legislators on the “keeping the government operating” issue will prove to be the first in a long line of bipartisan kumbaya moments. 

Hallelujah, it’s really over! 

How do I know, you ask?  It’s very simple. 

The stock market is going up. 

For the past few days, big quantum leaps have been made, obviously signaling that all is well. 

Why would the stock market go up if things hadn’t turned around? 

I know you’ll throw some confusing ideas at me, like short-squeeze, extra bearishness, or oversold. 


However, I’d like to believe the actions of the President backed up by former President Jimmy Carter’s philosophy “can’t we all just all get along,” (or was that President Jack Nicholson in Mars Attacks!) has finally taken hold. 

I’d also like to believe that things have changed fundamentally and we can emerge from the long day’s journey into night. 

Yes, I’d like to believe it, but I can’t. 

Ben Bernanke tried to convince us if the stock market went up, all is well. 

The past two days have seen a quick uptake, so what else am I to believe? 

Unfortunately, others will believe it also, and wade back into the financial markets believing all of the above was actually true. 

Bear markets have a way of seducing people, and that seduction is happening right now.

It’s not hallelujah, it’s not over, and all will not be well, as much as I’d like to believe it, markets going up, or not.

John Ransom | Create Your Badge

Twitter!/bamransom -See more top stories from Townhall Finance. New Homepage, more content. Be the best informed fiscal conservative.

Join the conversation as a VIP Member


Trending on Townhall Videos