Market Surges Off Lows

By iamned - Last updated: Monday, April 27, 2009

Yesterday evening when the S&P 500 futures were down two percent I blogged and posted on Seeking Alpha about how the swine fears were overblown. Being the third wisest human in the world, it came as no surprise that I was, a matter of fact, right again. As of 9:30 AM pacific time the markets are surging having brushed off the imaginary pandemic fears. It’s so fun being smart and right.

The chart below illustrates the panic selling last night on unfounded flu fears. As I predicted, buyers promptly stepped in.

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Swine Flu Fears Nothing But Hogwash

By iamned - Last updated: Monday, April 27, 2009

United States futures dipped modesty lower on Sunday evening over fears of a potential swine flu pandemic. The swine flu has already killed dozens of people, all of whom resided in Mexico. So is there anything to fear? Short answer: no. All of this doom and gloom is overblown. There will be no pandemic, no body bags and corpses littering the street, no witch hunts, no burning at the stakes, and houses won’t be boarded up.

This outbreak is analogous to the SARS epidemic of 2003, in which a disproportionate amount of public panic ensued relative to the economic toll inflicted. Within a few weeks it was over.

This is no different. Ignore the media doom and gloom regarding the imaginary pandemic, and just keep buying the dips. The rally will resume. I guarantee within a month these chicken littles will have to go back to the drawing board to conjure up a new doomsday scenario that they can pin their hopes on in which to cover their underwater short positions.

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Stimulus Does Work According to Bloomberg

By iamned - Last updated: Saturday, April 25, 2009

Bloomberg has reported that China’s nearly $600 billion dollar stimulus has been more effective than anticipated with regards to improving investor confidence, and reviving growth in the Chinese economy.

“China’s rapid reaction in rolling out the stimulus package has resolved some prominent problems in the economy, strengthened market confidence and stabilized people’s expectation,” Wen said today at the Boao Forum in southern China’s Hainan province.

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But these boo hoo hoo, woe is me, knuckle dragging Ron Paul supporters and Greenspan and George W Bush detractors still insist that stimulus and bailouts don’t work, despite empirical evidence that you can, in fact, inflate your way to prosperity. It worked in the early 80’s with Reagan’s tax cuts, and in 2003 with regards to Greenspan’s quantitative easing, and George W Bush’s tax cuts. Printing money to fund the War on Terror and occupation of Iraq was also beneficial to the US & global economy because it drove the dollar lower, hence benefiting exporters.

What you have to understand is that the vast majority of these Ron Paul and welfare-liberal Krugman supporters don’t actually have money in the stock market, and or either long the dollar or short equities. Therefore, they are beneficiaries of economic instability, which explains why they so vehemently oppose stimulus, bailouts for banks, and tax cuts for the rich. Because deep down they KNOW they work, just as they did for China.

Paul Kurgman and Iran’s Mahmoud Ahmadinejad have a lot in common; namely a desire to see the US economy fail, as well facial features.

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If anyone here reading this works for TSA, don’t let either of these people board an airplane…lol

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Behold My Greatness

By iamned - Last updated: Friday, April 24, 2009

Nasdaq closes higher for the 7th week in a row…I was right when I told people to buy on Tuesday following Monday’s plunge

I am the third wisest human in the world

I know almost everything about economics and finance

Read my blog and make money or sit on the sidelines like a Huntington reading loser. Or a Ron Paul economics knuckle dragger. Fiscal conservatism isn’t compatible with making money in the stock market. You can inflate your way to prosperity. It worked in the early 80’s with Regan, it worked in 2003, and it’s working now.

As a disclose I own GOOG MA and POT (which are surging)

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