Jan

1

One finds it absurd that the lawmakers are "risking a stinging rebuke from financial markets" unless they agree to the increased taxes on the upper class without any spending cuts. Thus, a somewhat unusual feedback circuit is built with the financial markets trying to influence the politics an the politicians anticipating the financial moves —- all without gravamen of testing.

Anatoly Veltman writes:

Doesn't it point to the charade that stocks have become? Are you still a confident investor?

Jim Lackey writes:

One would think the opposite. Commodity ETF's and the ilk are the sham. Individual stocks, low vig, no cost of carry, hold forever. It's the best deal outside of private where one must be on the job 24/7 or have a trusted one.

Vince Fulco adds:

Except for the self dealing of mgmts providing themselves with bonuses regardless of actual corporate perf, making operations appear horrible just before an LBO, padding staff & BOD with friends and family, diluting outside shareholders with every kind of option available.

 


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