Name:   MAJ USA RET - Subject:   Oh yes... AWESOME! Date:   12/31/2014 10:29:32 AM

Clearly, not all folks understand the DJIA. At the present time it is OVERVALUED… due for a BIG correction. I am planning on it. I’d be willing to bet MM is doing so as well.

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During the prior administration, when the Democrats gained control over both houses of the legislature, unwise financial decisions by Congress led to (justifiably) crashes in certain sectors. Investors began to “hide the cash.” Check the deficit numbers and direction prior to the DEM takeover of Congress immediately preceding the election of the Pretender. Since that time… with DEMs in charge of both legislative and executive branches… the problem has been grossly exacerbated! It happens when one fails to budget.

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When the family learns that Dad is gambling away the household budget, domestic morale takes a dive. In 2007, Congress began spending money like a drunken sailor and punishing the source of the funds (the productive class). They have squandered so much that the debt has become impossible to pay (again, by the productive class). The end result will be smoke and mirrors (RE: Germany, 1935).

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If one believes that the economy is “awesome”… brother, it is… but, NOT in the way you think. The goose is dead.

- - LMF Curmudgeon