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Visa Stock Surges 13% to $64/Share; Dow Surges 170 points

It appears Ned is right again. The day after recommending Visa stock upon the IPO, Visa is now up 13 percent to $64/share. When I say it is time to buy it usually is. In addition, the markets have staged a powerful comeback after yesterdays steep sell off with the DJIA up 175 points, the Nasdaq up 29 points, and the S&P 500 up 19 points.

Why is the market up so much? BECAUSE WE’RE STILL IN A BULL MARKET which began on October 2002.

Also, Mastercard (MA) is up 6 percent today to $220/share. Back on March 11th I told my imaginary readers to buy MA stock when it was at $195/share. Had anyone purchased MA on March 11th they would be up about 13 percent while the market is flat in that same period.

Why is Visa and Mastercard up so much while the major indexes are flat? The reason why is because we’re in the ‘new era’ of spendism, paymentism, globalism, and consumerism. We have millions of consumers from all over the world using Creditcards instead of paper currency for purchases. Creditcard companies have also made it easier to extract money from consumers though such means as phone based payment systems, pay pass systems, and other technological systems. The means of which the ‘the creators’ of the new world order use to extract money from people is called paymentism.

But aren’t we in a so called ‘recession’ and a ‘credit crunch’ and ‘liquidity crisis’? Um no we aren’t. The only ‘credit crisis’ and recession is a leftist, populist, pro-Obama media generated one. Consumer spending or spendism is stronger than ever, which directly benefits Mastercard and Visa. If we were really in a recession and or a credit crunch consumers wouldn’t have access to plentiful credit for consumer based spending and stocks like Mastercard and Visa would have sold-off, but they haven’t.

In conclusion, buy Mastercard and Visa stock on any dips and hold for the long term. You will make FAR more money with less risk utilizing this method than daytrading, using ineffectual, cluttered Fibonacci lines, or playing risky options.