The End is Nigh.
This Poll proves yet again what is most important to the safe conduct of Wall St. as a going enterprise. Everything depends on the 'full faith and confidence of the american people'...NOT. The real truth is actually somewhat more Bizarre. Wall St, profits when america is sleeping. Just as I knew it was time to sell my Gold Holdings a month ago when Bearish Gold sentiment hit only 6%, lets give a good look at what the average american is thinking about his stock market....shall we?
This Poll today from MSN Money:
MSN Money poll
Do you think we've seen the worst the recession has to offer?
Yes. 27% No.73%
Do you think the markets have bottomed?
Yes. 35% No. 65%
What do you think poses the biggest threat to our economy?
Falling housing prices. 5%
Job losses. 45%
Lack of credit. 6%
Stock market upheaval. 4%
Please take particular note that while 65% of respondents thought markets have not bottomed, only 4% were concerned about a Stock Market Upheaval. How many times does this dog and pony show have to be held for people to understand that their lack of Vigilance proves fatal everytime??? Twice as many people (8%) thought anything else would be more likely to occur than a 'Stock market upheaval'. Presumably this would include a San Fransisco earthquake, which statistically isn't likely to occur at all. Four times as many people feared 'taxes'??? Eleven times more people were concerned about jobs. Is it that we choose to look the other way from danger or is it that we are Conditioned by the Media to look the other way?
It looks like the 'green shoots' and 'Weapons Grade Balognium' applied by the Press has indeed worked this time around...again. You would think that most people would be more vigilant after losing half their nestegg in the last decline, but apparently I am wrong in assuming that they are, or that they should be.