Feb 2 2010
Stock Market Casino Royale – S&P 500 is overvalued by 100 Percent – Earnings do not Justify Current S&P 500 Levels. Financial Markets setting up for Another Correction.
When I look at the S&P 500 like most people do, you would expect that this wide cross-section of companies in the U.S. would reflect an accurate measure of the true health of industries in our economy. Yet the S&P 500 is fully disconnected from any historical measures of valuations. It is startling to see [...]
Jan 12 2010
The Capture of our Government by Wall Street: A 70 Percent Stock Market Rally lines up with an Additional 2.7 Million Jobs Lost since March of 2009. How Wall Street Reflects the Interest of the Corporatocracy and not the Real Economy.
It is a sight to behold that the stock market is rallying since the March 2009 low even though we have officially lost an additional 2,700,000+ jobs since that time. That is right, the system is so upside down right now that somehow nearly 3 million jobs lost is worthy of a nearly 70 percent [...]
