Finance Related

You guys do realize that the President doesn’t have a magic button which makes the market go up and down, right?

You do realize that every asset class throughout the entire world is severely overleveraged, and must be liquidated, right?

You do realize that commentary – even from the President – has absolutely zero effect on the performance of equities over the long run, right?

You do realize that vast portions of the productive sectors of the US and world economy have been effectively replaced by a debt bubble, crowded out by financial and real estate speculation, right?

Just checking.
Just because Bush was blamed for "everything" does not necessarily mean that "everything" was not his fault.

Investors haven’t driven the market over the last three decades or so – speculators trading on margin have. It doesn’t matter how many investors think value is there – leverage must come down.

I do not deny that Obama’s commentary has had some negative short-run effects. This has no effect on the market’s long term performance, however – which is dictated by macroeconomic conditions.
Michael,

I don’t care what the forecast says, 30-1 (like Bear and Lehman) or greater leverage is ALWAYS excessive and ALWAYS creates instability. Always.

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