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Townhall
Finance
It's
Not a Miracle - It's America
by Charles Payne
The
Mughal's nature is such that they demand
miracles, but if a miracle were to be performed by some upright
follower of our
religion, they would say that it had been brought about by magic and
sorcery.
They
would strike him down with spears or would
stone him to death.
Antonio
Monserrate
The
stock market continues to endure its
toughest week of the year with intermittent flashes of resolve, even as
the
economic backdrop is proving too difficult sledding. When a rally is as
hated
as this one has been any signs of weakness creates its own kind of
optimism.
Yes, the market is up more than 100% from the low of a few years ago, a
move
that if asked at the time virtually everyone would have said
impossible. If you
told investors back then the Dow and S&P would rally back to
reach new
all-time highs this fast they would have had a one word answer: miracle.
That
was then and this is now and the rally has
been impressive, but that one word answer has changed, and the
selection now
includes magic and sorcery and some words I can't type out loud.
Because of the
palpable disdain for the rally, this week's stumbles have actually
elicited
joy. I think it's a huge mistake and urge anyone that had their nose
pressed
against the window on the outside looking in - don't go away.
You
missed a lot, but it's not over, so be
ready to step up this time.
The
Dilemma
Economies
are in a bind. Europe remains a mess
and the best cautionary example of why its nuts to remain on this crazy
path
that has the administration so enamored. But we are on this shaky path
that
will see new regulation including the healthcare law upset economic
progress.
Already we hear more and more businesses talk about the new definition
of
"full time" employment, and it ain't good. Because the most onerous
aspects of Obamacare kick in at 30 hours a week, more and more people
are going
to be pared back, and already some are saying take this job and shove
it…
Read
the rest of the article at Townhall
Finance
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