FIRE Bernanke Now! Day 2
Sarah Palin Hops onto Varchild / Glenn Beck's Bandwagon
Sarah Palin is offering her voice as an additional voice in opposition to Ben Bernanke's QE2...And for the same reasons and concerns that I have already espoused on this blog (Rising Grocery Prices, Rising OIL and Commodity Prices, artifical stock market prices, and etc).
While investors are all excited over P/E Multiples shooting up due to an influx of printed money going into the Stock Market out of the Treasury's Printing Presses, Varchild2008 doesn't want any of that.
Here's the thing.... While I won't complain about seeing my stock prices go UP instead of precariously down, I want to see those prices go UP for legitamit reasons....having to do with...*ahem*.... GROWTH!!!!
Not Growth of Government buying up stock..... But Growth in Earnings and Sales and Asset Expansion and so on.....Growth in a stock's valuation is much more meaningful than the FED jumping into to artificially inflate the markets.
Sarah Palin is absolutely dead on in her analysis and I encourage you to check out the link.
Bottom line here... Ben Bernanke should have been fired YEARS ago...and yet he continues to stick around playing *Slot Machine* with our country's financial future.
P.S. Stock Tip Of the Week: (FBC) is looking somewhat interesting.....especially at its ridiculously cheap share price and the gigantic amount of insider buying.....hmm....Watch list it at least?