Anyone
who has watched the Stock Market over the past few
years recognizes that it has evolved to a point
where stock prices most often defy logic.
We get a
steady stream of “Oh boy, isn’t this wonderful”
reports from media Democrat parrots who hope to use
the rising Dow Jones Average (DJA) to convince us
“everything is just fine – go back to sleep” when we
KNOW things aren’t “just fine.”
Under
Obama we have learned to mistrust government or
quasi-government statistics including the DJA. We
know that there must be a “catch” to a 13,000 Dow
and we are right. Low trading volume is the answer
that explains our suspicions.
The
daily average trading volume on the New York Stock
Exchange has dropped like a stone under Obama’s
failed presidency. In January 2009 9.42 billion
shares were traded each day. By this past January
the daily average amount of shares traded was down
more than 1/3 to 6.93 billion shares.
So why
has this happened?
”People
seem to be adopting a more cautious tone and really
aren’t looking to do anything,” said the head equity
trader at Wedbush Securities. “It definitely seems
that many more people are observing from the
sidelines. I haven’t seen any aggressive buying or
shorting.”
In this
case “a more cautious tone” is an understatement.
In spite
of the fact that banks are offering interest rates
down around 1% at best; the Fed tells us Americans
have placed EIGHT TIMES as much money in savings
accounts, money market and checking accounts as they
have in the stock market.
Where the
pollsters who keep telling us the confidence of the
American people is steadily growing get their
“data” is a mystery. The obvious reality is that
people are speaking much louder with their
checkbooks. Clearly individual investors, not those
who get paid for filling orders with institutional
money, don’t believe in our Stock Market.
Under
Obama the DJA has become yet another fraudulent
Obama statistic. It has become a report from a
craps table for Hedge Fund managers and the
very wealthy who belly up to the table to
gamble they can survive until Obama is gone.
The American people, however, are sitting it
out and waiting until Obama is gone.
For us
January 20, 2013 can’t come fast enough.
To
contact your Congressional Representative use this
link: http://www.contactingthecongress.org/
Get your
copy of Coach’s new book: Crooks Thugs and bigots:
the lost hidden and changed history of the
Democratic Party at http://crooksthugsandbigots.com
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