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The pimps that have blown this bubble are sitting back and watching the fools that were "on the sidelines" getting hosed.
Quarterly reports have sucked rocks all year. Profits up on down earnings mean, we're selling off and not restocking. "One time write-offs" are severance packages for laid off workers.
It's just now dawning on the fools that bought into this market that Corporate America is not poised "lean and mean" for the rebound, they are hunkering down.
The only "pump priming" is stimulus money, and that can't go on forever.
Real-estate has to get down to affordable levels
Banks need to mark there portfolios to market
People need to get debt down to reasonable levels
America needs to produce those products needed for every day living..stuff like shoes, toasters, pens, computers, dog food.
There will not be a jobless recovery. Keynesian theory only works if we actually produce domestically.
:rant: :rant:
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