Comments by "Daniel Bradford" (@Falconlibrary) on "Friday's bank stock rally is typical of a bear market rally, says Crossmark's Bob Doll" video.

  1. Watching "business tv" (which targets the top 10% of income earners as its audience, those earning over $200,00/year) is like watching tv from Opposite Earth, where inflation is low, Joe Biden is the smartest man in America, and the economy is booming. These folks think everything's great and is going to get better and better. And for them, that's true. Meanwhile, back to the reality of the other 90% of us--the 9.1% inflation number (which is really 17.1% CPI when you take into account ALL goods and services) was higher than predicted, and this "transitory" inflation that was going to last a quarter or two has gone on for more than a year, with no end in sight. We're already in recession and massive joblessness and defaults on mortgages and auto loans are going to spike, perhaps at a high not seen since the Great Depression. The top 10% won't be affected by any of this. In fact, all this pain for the rest of us is just a whole new set of opportunities for them.
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