The Cody Word
  • February 10, 2009 03:28 PM EST by Cody Willard

    TARP II, Stimulus 2.0, and Anything Else They Want Passes; Or, Bull Market Will Return When We Preempt Their Preemptivity

    Seriously, this confiscation of wealth is bad enough. But then to have to suffer through watching these self-serving, self-dealing, power-mongering Republicans and Democrats pretending they have

    a) a clue about

    b) no culpability, much less FULL culpability for

    our economic nightmare of slippery socialism that they've wrought.

    I hate to say it, but I have been warning as loudly as I can that the markets and our economy are doomed with each and every loss of profit-seeking market that they're destroying.

    Remember when I wrote this last week:

    Guys, if the government passes this stimulus bill to further redistribute trillions from you and me to their cronies, we are eventually heading to DJIA 6000 or lower.

    I didn't mean it'd happen the day it passed. But the market's on its way to 6k, IMHO, as the magnitude of TARP and Stimulus Gargantua are just too much for our economy and stock markets to handle. A trillion of stimulus taken out of the private market and losing the 8-10x multiple that wealth would get in the free market...man, this is such a vicious cycle these Republicans/Democrats/Cronies have created. And the bull market and virtuous cycles therein won't ever come back until we get profits and private markets back.

    Guys, this post is actually every bit as much market-related as it is political. We can get a bull market back, and we can get this economy on the right track once and for all. But we gotta stop this madness. And you and I both know these bills they're passing today ARE NOT THE LAST ONES WE'LL SEE THIS YEAR!

    They'll keep promising doom and extorting over and over UNTIL WE PREEMPT THEIR PREEMPTIVITY!

    Preempt their preemptivity!

    Here's one thing we can do to get started -- we'll be heard, if each of you will just march on your own LOCAL TOWN HALL! Make your voice heard locally. If you organize just a few people in your own community to show up at your local town hall on Wednesday, April 1, 2009 -- you'll get local media coverage too.

    In the meantime, say for the next few years guys -- remain cautious, and careful and know that debt is death. If buy stocks you must, buy only stocks that have plenty of cash and no debt at all -- MSFT, PFE, GOOG, AAPL, RIMM are a few.

john

Cody,How about a comment on C.Schumer (D-NY) views on how main street feels about "pork".

February 11, 2009 at 6:09 pm

roger j moore

RIGHT ON MAN:) let the big banks fail! if they screwed up there companys to the point they cant keep there doors open. i am sure that some small bank will walk into there shoes and take over there business. i bet i could bank on that! so why in gods name are these banks to big to fail let them fail i say! to big to fail is straight bs is there not anyone who could walk into the ruins and salavge them and start a new healthy business without taxpayer money is that not what this country is founded on. why must we put the old banks on life support in nature when your old weak and sickly the preditors come in and thin the herd allowing younger healthy animals take over the herd. there is no friends i dont care they are your friends or buddy this is my money this is tax payer money. we are patriotic in the eyes of are vice present we pay taxes. it is a shame his party is above that sort of patriotism and yet they spennd are tax money like water under the brigde! ranting of a really mad man you have a great show and i watch it everyday its llike a never ending horror story take care and have a great day

February 10, 2009 at 7:53 pm

Lemmy_IS_God

1.You should also consider the "real" April Fool's Day....April 15 2.In the end,(pun intended), the American people will be left holding the bag for this looting of our treasury. Greedy bankers will be made whole and the residual effect will be taxpayers servicing the 30 year debt on the bonds that will have to be issued to fund this little exercise. 3.David Walker says we'll be sitting on 50 some odd trillion dollars of unfunded liabilities very soon. How does this complicate the issue of dollar stability? I don't think this has been factored into the equation yet 4.Nice job throwing in a "suck it up" provision for elderly health care. From the Bloomberg article,"Daschle says health-care reform “will not be pain free.” Seniors should be more accepting of the conditions that come with age instead of treating them. That means the elderly will bear the brunt." I get it. Feel free to pay into our system your entire working life, with the false promise that there will be a payoff in the end. Translation: Please die at OUR earliest convenience. http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs

February 10, 2009 at 6:36 pm

J Browning

Cody, you are right on the money with your comments. My greatest fear is this is only the beginning of the madness. if you listened to the questions from people in Ft. Myers, socialism has begun in their minds. Sadly, we will probably have to pay our last dollars to these (citizens)! J Browning

February 10, 2009 at 4:57 pm

ross knight

Cody, you are the only one there in touch with reality. As our country goes down the drain the others sit and giggle. Thank you. Ross Knight

February 10, 2009 at 4:15 pm

mabbott

Great idea, Cody - don't think we can make it to Wsshington on the 1st (assuming my husband and I still have jobs) on April 1. We can post on your website that we'll march on the Coweta County Courthouse in Newnan, Georgia. M Abbott

February 10, 2009 at 4:01 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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