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Stock Market Surges Off Lows. The ‘New Era’ ISN’T Going Away

Oh no head for the hills! Batten the hatches! Hide your money under a mattress and ready the ammunition! Armageddon is here! Bear Stearns is history! The Dow is crashing in the premarket. The S&P 500 is cratering! The end is here!

Or is it? Maybe not. As of 1:PM Eastern time the Dow is down a whopping 40 points. Yup…a whole 3/10 of a percent. I guess the ‘end of the world’ will have to be put on hold. The DJIA still has yet to penetrate the lows made back in Jan 23rd, while the S&P 500 and Nasdaq are just grazing those levels. So for all this negativity, the markets have yet to make any meaningful new lows, which is an extremely bullish sign.

Why did the market rebound so strongly? Wasn’t the Bear Sterns washout a catalyst for a financial meltdown? Why are stock only down a little? Maybe because as I have written last week that the Bear Sterns isn’t a big deal and that we’re NOT in a credit crunch or liquidity crisis. The only ‘credit crunch’ is one created by the pro-Obama, anti-free trade, leftist media. There is HUGE credit and TONS of liquidty.

The main reason why stocks are STILL holding up so well IN SPITE of all the negativity is because none of the negativity is real or tangible. It is all an imaginary distraction created by the pro-Obama, boo hoo hoo leftists. There is no recession or bear market. The S&P 500 is still well above the critical 1552 level and there hasn’t been a SINGLE quarter of negative GDP growth since 2001. Millions of people are still using facebook and myspace. Millions of videos are watched everyday on youtube.com. Students are still attending colleges and maxing out their credit cards. You can’t tell me there is a recession when I can’t see any evidence of one. Nothing has changed between now and 2005. No concrete evidence of substantial economic weakness whatsoever.

The ‘New Era’ is real. We’re in an era of web 2.0, globalism, hyper capitalism, globalism, spendism and consumerism. Job security, retirement, and healthcare plans are a relic of the past, as is the rapidly dissolving middle class. The ‘middle class’ is incompatible with the ‘new era’ which we are living in. ‘The creators’ of the New World Order also known as the ‘Smarties’ are in power, which is why McCain a pro-growth, pro-free trade, pro-globalization, cheap labor politician, WILL be out next president. In the ‘new Wea’ of Web 2.0 and google and ’social networking’ there is no room for such niceties as ‘job security’ and privacy. Nope not anymore. The war in Iraq will continue for decades and the relentless rise in commodities such as Oil, Gold, and Wheat will not subside. Phone lines will be tapped. Consumer spending and creditcard debt will only increase, which is why you MUST buy MA and VISA stock. MA will go to $300 in a year. The smarties are proponents of open borders because more illegals=more profits for multinationals and technology companies, and less jobs for American citizens. But since the smarties are in power this outcome is inevitable.

Since we’re in the ‘new era’ you must also buy GOOG, MOS, GLD, DBA, EWZ, POT, BIDU, AAPL, RIMM and ISRG stock.

Resisting the ‘new era’ is futile, which is why you MUST go long and buy the stocks recommended on iamned.com and hold them.

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