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Re: S&P 500 May Plunge 21%, Bank of America Says: Technical Analysis 

By: ribit in FFFT | Recommend this post (2)
Mon, 12 Sep 11 9:06 PM | 42 view(s)
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Msg. 33364 of 65535
(This msg. is a reply to 33358 by clo)

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clo
...interest rates are at record lows and people / businesses still don't want to borrow money to expand. That should tell you that interest rates are not what's keeping people / businesses from borrowing for growth.

...Earnings are at a record high, but Earnings and Profits are only superficially related. You can have earnings and not have profits. Businesses and people in that top bunch that makes you angry don't know what their level of taxation is going to be or what Goofy azz obama plan they might be called on to finance next. They aren't going to put their bets on the table until they know what the rules of the game are.

...Obama promised a "fundamental change" to America. You are now seeing the results of the implementation of that change.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: S&P 500 May Plunge 21%, Bank of America Says: Technical Analysis
By: clo
in FFFT
Mon, 12 Sep 11 8:45 PM
Msg. 33358 of 65535

ribit,

I don't understand that logic?
Interest rates are at record lows, businesses get to use money for pennies.
"Earnings" are at record highs.
So, what' their problem? clo


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