I Eat Bear

The simple solution to this market

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It seems so very obvious how to fix this market, yet so many want to look for the "golden carrot" on the end of the stick. And, as long as that happens, the market will continue to suffer.

So, what is the "golden carrot" right now? Stocks of financial institutions and housing markets.
Because they have dropped so much, people keep getting the idea they can "get in cheap", and things will miraculously get better. So, so very wrong in my opinion.

The only sane action I can see, would be a MASSIVE sell off of anything in those two sectors, and for the market as a whole to stay OUT of them for one year.

Yes, drive those shares down to a pittance maybe. They deserve it. Force them out of business? Gee, I hope so. It sure beats having them ruin the rest of what could be a nicely rebounding market, which is exactly what is happening, and will continue to, as long as people try to bottom feed on these sectors.

OK, inflation is a problem. Since when has a financial institution fixed that anyway. It is the REST of the market that will fix that problem, not banks or government (especially government).

Well, I have been known to make some unpopular statements, and I think it is about time for a new term to be recognized. I think we should simply start calling all politicians what they truly have become. COURT JESTERS, or just JESTERS for short. Yes, the JESTERS are in session again, still,,,,,, darn it!

And, this country thinks a new group of JESTERS will fix the problems? Granted, the head Jester, George Bush, has done a lousy job, but OBAMA would be a DISASTER for the stock market. He is the biggest JESTER of all right now. Even if markets tend to rally under democratic leadership, I have to believe, he will be the exception. I know where he can put his tax increases, and it is not too far from his brains and his wallet (all in the same area I might add).

Sorry. Government and financial institutions are not going to fix this. The absence of them might. No, we don't need more tax relief packages. We pay for those, and more than just in dollars. Who are we kidding? There is no wealth resistribution from the rich to the poor, never was, and never will be. Quite the contrary. The rich get richer, and the poor get poorer.

So, what is the fix? Well, I have two. First, sell anything related to financials. Yes, en masse, ie, all at once. Refuse to get back in them for one year minimum. That may force the worst into bankrupcy sooner, which has to be a benefit.

Secondly, and it is more absurd maybe, but the thought has merit. If you are in ANY way, paying a congressmaN (or congresswoman), STOP IT! They should be PUBLIC SERVANTS, and have become anything but. See how many of them hang around, if they are not being paid? And, if you have too much money, and still want to be a politician, you are likely one of the ones we least want or need!.

OK, no pain, no gain. Yes, it will cause some short term hardship. What is so different from what we have now anyway?

A good beginning would be to OUTSOURCE most of government. Private businesses are notoriously better managers than the government. Without their bumblings, we likely would have a healthy social security system. All they had to do, was leave it alone, and they messed that up.

Yes, take away their pensions, and give them pay cuts. Maybe THEN they will feel what some of the rest of the country does. And, by all means, let's give them UNEMPLOYMENT!
How? Simple! Add a new entry on most ballots! NONE OF THE ABOVE! If it wins, leave that spot vacant, until a decent candidate can be found. Ya know, they just might start working for the PUBLIC that way!

All of this sound a little funny? Maybe it is a bit absurd.

There probably is nothing we CAN do about the FARCE our government has become, because THEY have the POWER. (Unfortunately, the PEOPLE they supposedly represent, don't).

But, you CAN have a private selloff of anything related to finacials.

Will things get better tomorrow, if we do? No! They are not going to as it stands anyway. Will it get better quicker? It has a good chance.

And, if I offended anyone by putting political comments in a stock market blog, well, all I have to say, is I think it would be the best for the market as a whole, and as such, has relavance here.

And, of coarse, this just just MY opinion. You are free to have your own.