haspete's - more upside than down friday, page-11

Big Daddy,

it all sounds Greek to me....

"My rationalle tells me we are haven't had a boom yet so why the bust,"

your rationale hasn't looked at how comparatively close to 2007 highs both the DAX and the DOW shot back up to since March 2009, a level which culminated/became the April 2011 high. March 2009 was an overshoot of where it should have been, so was 2007 high, so was 2011 high when the funnymentals of Govt debt and low productivity mostly in European Cafe's and welfare states (exported job opportunity countries) raised it's ugly head as the last of the economic indicators to get whiplashed by Quantative Easing. So, we are still in the volatility of the 2007 high and the pro's are going to make the most of it this time cos a lot of them missed it in March 2009 cos they were only used to the market going up on their own brand of Ponzi bubbling.

Why didn't Bernanke dish out more choc honeycomb for everyone ? because he didn't have to. (as well as not being able to in reality because he has dished out enough). Companies are making record profits and that will translate into employment eventually so there is consumer demand and ability to pay for their profits. Employment is always the last factor to catch up after a squeeze. Greece is in another basket which they wove for themselves. 25% of the workforce in "guaranteed jobs for life" and the answer is send them home to do zilch on 60% pay. blink... And their reaction is to spit the dummy and strike all public transport on "World No Car Day". Now that is a particularly Greek way of going about things imv.


ifandwhen