More proof that I don't understand the stock market
I check the headlines just about every day and I really should be recording my thoughts each day about what I see. Things seem busy for me now so I'm lucky when I can a blog post done.
I couldn't let this one pass though.
Stocks are up because people are spending more money.
Why are they spending more money? Everything costs more. Inflation is forcing people to pay more for things they have to buy. Trivial things like food.
I read an article quite a while back that stated that the Fed is always trying to create *some* inflation. They always want costs going up so that businesses think they are making more money. Seems stupid to me but there it is.
Anyway, that theory has kicked into overdrive with the current inflation rates. Companies are bound to see record sales in dollar amounts because the dollar is worth less. The whole thing seems like a game to me and the people being hurt by it are the ones that can't afford to play.
Speaking of which, I was just paid 68 cents in dividends on my stocks. Watch out Buffet, I'm on my way.
68 cents??? Holy shit! Send a lil my way would ya?
Posted by: Cherise | May 02, 2008 at 11:26 AM
In checking with the Investor's Code of Ethics book, I find that I can't send you any money because than I won't have as much to reinvest in the next bubble.
Posted by: Success Warrior | May 02, 2008 at 11:42 AM
Also more proof that you don't understand your own blog's posting schedule . . Sword Point Saturday?? Hello?
Posted by: CV Rick | May 04, 2008 at 10:47 PM
The dog ate my blog.
Posted by: Success Warrior | May 06, 2008 at 08:24 PM