I am just going to make several quick comments about this prediction and about what companies are reporting as their sales figures that has jarred the increases on the stock market. I found two things of interest. First, wasn’t it Morgan Stanley that needed to be bailed out, either directly or indirectly? The second thought is that the stock market is not a valid indicator on how well the economy is doing. How can any of us trust any corporation and what they report as real earnings? The idiots on Wall Street want us to believe that they know what is going on in the economy and ring their bell when they convene like a Pavlov’s dogs. Does anyone believe this B.S. anymore?
I don’t know about you but I believe our economy is in worse shape than we know and that all of this hype about the iPad, Morgan Stanley predictions and the stock market increases are all smoke and mirrors.We can not spend our way out of trouble forever and one day the piper will need to be paid.
Just my 2 cents.