Cheerleaders Will Face Reality, Eventually

[flashl]

When listening to the typical, television-based, Wall Street cheerleader work themselves up into a bull market frenzy, one is tempted to wonder if they ever bother to compare the movie that is rolling along in their heads to the one that is occurring in the outside world. Perhaps for those living in a media bubble, the only reality that matters is the one reflected in the camera lens.

Over the past nine months, we have seen increasing signs of economic contraction and falling corporate earnings in America. Although the financials, airlines, auto manufacturers, and retailers have grabbed the headlines, few American sectors are immune from the pain. Meanwhile, the cheerleaders and market pundits have advised that recession fears are overblown and that investors should buy ”unnecessarily” beaten down American stocks. Their advice is founded on some shallow mantras.

We have all heard the droning:

“If you exclude the sub-prime, or the financials, things look good.”

“If you strip out food and energy, inflation is not a problem.”

“You can never underestimate the resilience of the American consumer.”

“The earnings are way down, but the earnings are above Wall Street estimates!”

The cry that “stocks are cheap” has been repeated almost daily. But surely, the price of any item is only cheap when the outlook is for the price to rise, not just because it has eroded. Investors who heeded such advice to buy the financials have been crucified.

Euro Pacific Capital

IMHO, the cheerleaders are paid to entice, if there are investors making financial decisions based on the cheerleader's 'advice', they need the reality check.

[gristy]

1. The cheerleaders need only hang on until November or January (at the latest)

at which point, it will all be Obama's and the Dem Congress supermajority's fault. As certain as the sun comes up in the morning.

[fascisthunter]

2. A Monument Should Be Erected to Commemorate Their Idiocy

I'll have to work on a few concepts are design it.

[CountAllVotes]

3. buy buy buy buy buy !!!

:sarcasm:

:kick: & recommend

[OwnedByFerrets]

4. They left out my favorite.....

PRODUCTIVITY IS UP!!! Its up fuckwads because we are having to work longer hours at less pay.:mad:

[northernlights]

5. don't forget unemployment

isn't up, only because so many of us fell off the rolls a few years ago and have yet to find a way back on.

Your choices are work a million hours/week for less until your body gives out...or don't work at all. Well isn't that just craptastic.

[OwnedByFerrets]

6. Or take lesser paying jobs...nt

[PassingFair]

7. The new bankruptcy laws, deregulation of banking, and credit card TRICKS...

have killed the happy American Consumer.



Personally, I've paid off nearly all my credit card debt...
and I don't plan on buying anything I don't absolutely need
(which is STILL a bit, since I have two teenage daughters...)

[nadinbrzezinski]

8. They are starting to, MSNBC today was funny to a point

really...

What is that german word?

Starts with an S