Lehman Going Under; Stock Market Will Surge Anyway
Reportedly bank of America is no longer buying out Lehman brothers and it is now a very strong possibility the investment bank is indeed going under. Whoop dee doo. I could care less because regardless of the outcome the market is still going to surge higher.
If Lehman does fail its business will be scrapped and more financially stable investment banks such as Goldman Sachs will take over Lehman’s clients. Thats the way free market capitalism works. When one business fails competing businesses with better management fill the gaps. However, should the fed intervene and bail out Lehman the market and commodities will surge and the dollar will fall.
Any pullback in the market tomorrow will be short lived. The buyers will step in upon realizing that McCain will be our next president and that weak dollar, pro growth policies under the Bush administration will be perpetuated. George Bush is a cheap labor republican, unlike Nixon and Herbert Walker Bush, and cheap labor benefits globalist companies and the stock market. No need for expensive American labor when the jobs can be easily outsourced and insourced. As usual stocks that benefit from cheap labor, deficits, globalism, and a falling dollar such as PCX, EWZ, GOOG, RIMM, AAPL, BTU, POT, MA, MOS will lead the market higher.
The McCain rally is real. No need to over analyze when you can just buy and make money.
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