Here is what Mr. Ryle knows (See Below bold)—–the link is there for you to do your own research and get into the issues of money.
I had a financial guy call me today—wanting to sell me something—not sure what. I told him I was broke and even if I had any money I heard the big boys were selling everything and why would I want to buy, recipe if they are selling, visit web did they (the big boys) know something I should know or maybe you (the guy who just called me) should know.
I said I thought interest rates would be rising and kill the Bond market. He agreed so we scratched bonds—–I said, I thought the stock market was in serious trouble being over heated and rated with inflated value and every risky. He agreed so we scratched the stock market. I ask him why he called me and he launched into his canned sales pitch—-with me cutting him off—with a simple question—how much can I expect to earn with his investment firm—-Now I gave him credit—Without hesitation, He said, 3 —- 4%—I am sure he thought this was some magical percentage that would light me up—with me saying “Yes” to his proposal—-with the 3-4% seeming like the correct return on my money or anyone with money’s might expect for a return. When I said he would take most of the percentage earned in fees and Obama would take the rest—the conversation was over—-even as he said Thanks for my time. I suppose—Me being broke and some kind of wise guy telling him he and Obama would take it all—–of—-the so call profits—–it did not sit well with him and it was over.
And there you have it: a new all-time high for the Dow Industrials Average.
The last time the Dow was this high, gas prices were $2.75 a gallon. Only 6.7 million people were unemployed, compared to 13.2 million today. 10-Year Treasuries were yielding 4.64%, versus 1.89% today. And total U.S. debt was half what it is today, as was the number of Americans on Food Stamps.
Things sure seem worse today than they were in October 2007 (well, except for the fact that the housing market was about to implode and take the entire global economy along with it).
It is ironic that investors were a lot more enthusiastic about the stock market in 2007 than they are today. And it wasn’t just investors. Consumer confidence was 99.5 right before the collapse. Today consumer confidence is just 69.6.
Of course, we knew this day was coming. The signs have been there for months, ever since the last-minute deal to avoid the tax impact of the fiscal cliff.
So the question is:What happens next?
Will stocks continue higher… or is it time to sell?
-Briton Ryle, http://www.wealthdaily.com/articles/new-highs-new-crisis/4043
March 6, 2013
The statistical number that caught my eye was—–the confidence number—-it would be interesting to know what that number will be—–say this time next year. Why—–because everyone calls me “Mr. Negative” and I say today—-unless something changes radically—-we will not and can not escape this death spiral we are in—with confidence going to Hell in a hand basket—-and at some point things start to unravel with no confidence in the system. When and if that will happen—no one knows but if the confidence number drops below 50% pay attention—-things are at the unraveling stage and it is about to start.
Did you know that in 1815, the average age of criminals in the United States was 45—-in 1960—19. Anybody have any questions what direction we are going and/or what path we might be on?
WE SHALL SEE—don’t you think? Shortly