Is the current financial crisis being made worse by “Expert Opinions”?

ust before the presidential election the stock markets looked to
be recovering a bit. Yet now that it has past they have nosedived
again.

Why?

Did all of them suddenly decide that our new President Elect’s
message a hope and change were suddenly no longer valid? I have
noticed that a lot of the so called financial “experts” keep making
dire predictions that only seem to turn into self fulfilling
prophecies as soon as the Wall Street crowd hears what they have
said.

Maybe they have a point and are correct but I do not think it is
necessary for them to continually tell people “We’re f*cked!” so
loud and so bluntly. One thing I have learned over the years is
that the Wall Street crowd are basically a brainless mob when an
“expert” tells them things are one way or the other. And telling
them that the market is about to crash is a great way to get them
help make sure it happens!

I am not saying that they should lie about it. Anyone that buys
food or has bills to pay can pretty much add the numbers up and
figure out that something is rotten in Denmark. Or more correctly
on Wall Street and at The Fed.

What I am saying is that they need to remember that most of the
people on Wall Street are much like small children when it comes
to what the “experts” say. They tend to believe them without
question and will act accordingly. Meaning of course that they’ll
politely piss their knickers and start selling off shares so fast
it makes the market drop like a rock.

I doubt any of these “experts” will ever actually read this blog
but I feel the need to say this anyway…

For heaven’s sake people, think before you go spouting your dire
predictions and try to not make a bad situation worse than it has
to be!

The media drives me nuts…

I noticed that a video clip is making the rounds from Youtube
regarding an increase in gun sales recently. The media, of course,
is showing it’s natural fear mongering bias by pointing out that
some people are, to be blunt, pissing their knickers over the fact
that Barack Obama has taking a strong lead in the presidential race
of late and are a afraid that another “gun grabbing liberal” is
about to be the next US president.

That may be so but the media is the problem here. Historically
speaking, gun grabs have only come after someone has gone nuts
and it made national news; Pearl,MS, Colombime,CO. I won’t say
that there isn’t a chance Obama may decide to try his hand at
gun control but right now some of the media are acting like this
is a key issue in the grand scheme of things. Usually gun grabs
are knee jerk crap designed to make soccer moms feel ’safe” instead
of actually deterring crime.

Personally, I have a hunch that more than a few people are buying
guns because right now, things look like crap from a financial
point of view for most of us. And thus some of them are buying
guns to ensure that they have a chance to retain what they have
from people that are desperate and stupid enough to try stealing
food and other essentials from their neighbors.

I won’t say that there are some that aren’t worried that their
rights to own firearms will be trimmed by the next administration.
Every new president poses that possibility. And it would be there
whether it is a “conservative” or a “liberal”. Under the current
(Conservative!) administration we saw a huge blow to our rights
and freedoms thanks to the U.S.A. PATRIOT act and other laws that
came to pass after 9/11/2001.

So if you watch TV news, take it with a huge grain of salt and
try to see through their load of biased crap.