I was motivated to do this after reading Robert Reich's Facebook comment:
How can the stock market continue to show big gains when the recovery continues to be so anemic? (The U.S. economy grew one-tenth of one percent in the first quarter of this year.) Because corporations continue to (1) reduce pay of most workers (the real median wage is lower today than it was a year ago, and 5% lower than at start of recovery), and (2) borrow money to buy back their shares of stock, thereby raising the price of each outstanding share (Apple has borrowed $30 billion so far this year). But neither of these strategies is sustainable. So when do we see another major stock-market "correction" (i.e. bust)?
Meanwhile, I have been pondering another factor no one seems to want to discuss. What will domestic terror do to influence this? First let's sample the Google result. Read on below please.
The first observation to make is the sources: Newsmax, WSJ, etc. along with Warren Buffet and a denial from Forbes. Could this mostly be wishful thinking from those who want Obama to fail? Hard to say that if Reich and Buffet are on board.
Let's look more closely:
Why the Next Stock Market Crash Will Happen Any Day Now
There is overwhelming evidence that the next stock market crash could strike any day now, and a growing number of investors are turning to a noted economist to prepare for the “unthinkable.”
The message is clear: Despite the Dow hitting pre-crash highs, companies reporting positive earnings, and the financial media saying we are looking at the “beginning of a new bull market,” the stock market is on the verge of another historic collapse.
The evidence is in a group of charts released by some of the biggest names on Wall Street.
Individually, these charts may not mean much. But taken collectively, they are simply too much for any investor to ignore.
Here's another:
Billionaire Warns: Yellen Collapse 'Will Be Unlike Any Other'
Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.
That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.
Grantham pulls no punches when he discusses who he holds responsible for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and said the Federal Reserve all but killed the economic recovery.
He also says that he isn’t putting his clients’ money into the market right now.
You can Google yourself for the rest if you have the stomach. Between Reich and Newsmax's rants it is a very ugly picture. Of course these guys do not have crystal balls for seeing the future. Yet they have some pretty impressive knowledge.
I keep wondering about the Bundy episode of domestic terrorism. Are they going to get away with it? Certainly they tried to contain the unarmed OWS movement with extraordinary haste. What does this all mean?
I especially wonder what a shooting war with domestic terrorists would do to the country, not only the stock market.
There is a lot going on with Global Warming being an even bigger threat. Certainly someone out there is thinking about all this and making plans. Clearly the people are not in on those plans.
In spite of being kept in the dark, the people know which way the wind is blowing and they don't need a weatherman for that.
8:39 PM PT: I am amused by the number of people who seem to be in the market who commented. I have NOTHING to do with this capitalist scam and am proud of it.