Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label rises. Show all posts
Showing posts with label rises. Show all posts

Monday, May 18, 2009

STOCK MARKET'S RECENT RISE MAY HAVE BEEN MANIPULATED BY WISHFUL THINKING OR INVESTORS WHO BOUGHT IN, NEITHER SCENARIO SEEMS CONCERNED ABOUT REALITY.

The link below goes to an article about how the stock market rise may have been wishful thinking by those who desire AND require the stock market to go up.  It appears to me that some people want the stock market to recover even while ignoring all the suffering that is going on specifically caused by unreasonable credit card company actions.

Why is it important for the stock market to somehow rise while credit card companies are charging 30% interest on their credit card lines?  More importantly, HOW can the stock market rise if people's productivity is robbed by these outrageous credit card interest rates that suck out all of the spending money people would otherwise have to buy goods and services in their own community?

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