F. George McDuffee on Mon, 07 May
2012 18:07:48 -0500 typed in rec.crafts.metalworking the following:
On Sun, 06 May 2012 22:01:36 -0700, George Plimpton
wrote:

http://www.latimes.com/business/mone...,5452112.story


The market knows that Socialists are poison for economic growth.
==============

Try to avoid the conflation of inflation of an asset bubble
centered on stocks/securities with either real economic
growth or real economic development (which are entirely
separate items).

While at one time the securities markets *MAY* have had some
correlation with the real economy and indeed in a few cases
supplied the capital necessary for its growth/development,
that was long ago and it appears to be quite separate now

That has been my "animal spirits" understanding for the last four
years. What makes people feel that the market is going to go up? More
importantly, what can they point to which indicates that the economy
is going up?

My own vibe is that a lot of the Stock Market is driven by the
fact that there is no money to be made in Bonds (not with the zero
percent interest/yields)

Arggh , crap shoot in a number of ways. I just hope that when I
get too old to work, I can still afford to live.
--
pyotr
Go not to the Net for answers, for it will tell you Yes and no. And
you are a bloody fool, only an ignorant cretin would even ask the
question, forty two, 47, the second door, and how many blonde lawyers
does it take to change a lightbulb.