Tuesday, April 7, 2009
Even if Obama, Geithner, and Bernanke execute their ideas perfectly, stock prices will drop as much as 95%, because as bankers, they are earnings-focused instead of market-focused.
Earnings only make up a tiny portion of a stock's price, the vast majority is investor confidence in the free market.
Like the horrible depressions that resulted from the same, misguided "steal to prop earnings" strategy, they will have no idea why they caused prices to collapse.
That is why bankers are the least qualified people on earth to orchestrate a desperate plan to avert imminent banker failure. But that is obvious, isn't it?.
Posted by fdralloveragain at 12:08 AM