This would be hilarious in a cartoon, but we are talking the US Senate. Today they voted to investigate what caused the current financial mess. They expect to finish and report sometime end of NEXT year. It just boggles the mind.
During WWII the US population was about 150ish million. Now we are over 300 million. There is no reason to doubt that our population will again double, it is only a question of when. That means more food, more homes, more goods to buy and sell, etc.. This is a given. The long term player recognizes this. The short term player just sees what tomorrow may bring. Tho the bears might win short run, bulls ALWAYS win long run. Dispute it all you want, but long term bulls simply win. The Great Depression? Horrible for those living through it, yet the gains made since then (even in light of the current bear market) are fantastic. Current market? Horrible, but in 20-30 years it will seem as a generational bargain. [more]
I've posted about this before. Not much interest in the topic, however. While 3 month libor did rise quite a bit a couple months ago it has been making a dramatic drop lately; this drop corresponding with the current rally. I can't help but view this at least as a short term positive. Quit possibly the FED policies starting to kick in and unfreezing credit markets. Will this give more legs to the current market rally time will tell, but it very well might. [more]