Message:

<p>[QUOTE=&quot;PeacePeople, post: 2161628, member: 20082&quot;]If there is or are no other alternatives that are poised to do well, doesn&#039;t that lead to the conclusion that the DOW is overbought?&nbsp; What happens when things get overbought, usually?&nbsp; What if they&#039;re ridiculously overbought?</p><p><br /></p><p>You&#039;re missing the point that is staring at you.&nbsp; Loose money was created to try to ease a financial crisis, and it did in the short term.&nbsp; You could also argue that it actually led to a recovery.&nbsp; The only problem with that, as I see it, is the loose money was used to cover for toxic assets that were in the system.&nbsp; The money to make those toxic assets &quot;disappear&quot; was given to the same institutions that created the toxic assets, basically rewarding bad behavior.&nbsp; It isn&#039;t too much of a leap to believe that those same institutions that were rewarded for creating a bad situation didn&#039;t go and do the same thing over.&nbsp; Why wouldn&#039;t they, they were rewarded handsomely for setting up a crisis.&nbsp; </p><p><br /></p><p>Here is my point.&nbsp; All of that loose money was given to those that created a bad situation.&nbsp; They weren&#039;t punished, they were rewarded.&nbsp; They now have all the liquidity they could ask for, they already know they won&#039;t be punished by creating a like situation, so why wouldn&#039;t they do it again?&nbsp; They did, trust me, and it will be paid for soon enough.&nbsp; Can you honestly tell me that the DOW from it&#039;s 14,000 back in 07, which I&#039;m sure you&#039;d agree was a bit inflated to it&#039;s 18,000 now is due to natural growth of the businesses that are included in the DOW, or is it just a place where a lot of that loose money is stashed?&nbsp; What about the other &quot;assets&quot; that some on here love to crow about?&nbsp; Are those just rising in value naturally, or is there something else causing them to rise?</p><p><br /></p><p>Some of you can crow about recovery all you want, I&#039;m just going to state that there will be another financial crisis that will make 2008 look like a picnic.&nbsp; At that point, I&#039;m sure you&#039;ll state that common sense is still the worst kind of sense to have.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in