Word: stockly
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...stock market rallies in the weeks ahead, is there any reason to believe in it? Well, I don't know why there wouldn't be. But I'm interested in the way you phrased your question because it is exactly where the consensus is today. There is absolutely every belief that we could go lower; and while we could rally, the belief is that it won't stick. It just says volumes about where we are right now. It's not just you. Even bulls like myself have that same feeling in their depths...
...there's absolutely no rational reason why a rally couldn't be considered the real thing. I've looked at all of the major stock market collapses that we've had (40% decline, or more) including this one. Since 1900, we've had six others, and two of them were Depression related - one was the beginning of Great Depression and one was in the middle of the Depression era, in 1937. And the other four were outside of that era. When you look at those, what you find out is, off the low of every one of those...
...within one year. So, here's my point. The feeling I get all over Wall Street is that even if we recover from this, it will be a slow and arduous process. It'll take a long time. But history would suggest just the opposite. (See pictures of the stock market crash...
...questions involve what happens to everybody in between. The various federal banking agencies on Monday announced the procedures by which they will convert preferred shares to common stock at troubled banks, and later this week they will begin the promised "stress tests" of the assets of the country's 20 biggest banks. But nobody knows yet how tough those tests will be - and to be honest, nobody knows how tough they should...
...roads, a better national electric grid, new green industries, quality education that is free to everyone, and other infrastructure investments will create jobs and increase our national income, because employed people pay taxes instead of collecting unemployment or welfare. Infrastructure development creates real long-term wealth, not just higher stock prices based on complex unregulated security transactions...