[quote=Allan from Fallbrook]Partypup: In all seriousness, you cannot equate the gyrations of the stock market with anything happening in the larger economy.
The stock market is completely disconnected from any sort of reality right now and the momentum shifts and surges underscore this point.[/quote]
Yes, I know you’re right, Allan. It’s just that the cognitive dissonance has become so deafening that I am surprised ANYONE even buys this b.s anymore. But yet, they do. I just had breakfast with an unemployed lawyer, formerly a vice president at my company – out of work for 9 months with absolutely no prospects in sight – and she is burning through her savings…which happens to be 100% in the stock market. Now, if you are literally clinging to the last and only assets you have, why in God’s name would you put them in a gyrating stock market that is clearly being manipulated or artificially stoked? Why take the chance? Why not be in cash?
Like a gambler in vegas, she tells me that she’s already lost 50%, so she can’t walk away.
