How does stimulus help?

[dryheat]

Carl Icahn, billionaire investor and chairman of Icahn Enterprises, said Thursday night these measures have been “very effective” for the economy and the market.

“If you look at stock prices, I think some of them are ridiculously high but going short on them proves to be a very, very expensive operation,” Icahn said at the 13D Monitor Active-Passive Investor Summit. “A lot of those stocks you believe are tremendously overpriced just keep going up. So basically, I think the stimulus is doing the trick.”

Great trick. I like to make a little money in the market too(it's darn little) and I'm retired. Great for little ole me and some others.

[Vern Humphrey]

Carl Icahn, billionaire investor and chairman of Icahn Enterprises, said Thursday night these measures have been “very effective” for the economy and the market.

“If you look at stock prices, I think some of them are ridiculously high but going short on them proves to be a very, very expensive operation,” Icahn said at the 13D Monitor Active-Passive Investor Summit. “A lot of those stocks you believe are tremendously overpriced just keep going up. So basically, I think the stimulus is doing the trick.”

Great trick. I like to make a little money in the market too(it's darn little) and I'm retired. Great for little ole me and some others.

Those who worked hard, scrimped and saved, and denied themselves luxuries that others had, are in a position to profit from this market.

[Roadkingtrax]

Adds to the National Debt, when there is no requirement to return it with interest paid to the tax payer.

Ol' Carl is padding the ponzi scheme, and runs counter to Vern's earnings drum.

"Carl Icahn made his fortune through gaining controlling positions in companies and either forcing them to buy back their stocks at premium prices or manipulating company decisions to increase shareholder value."

"Icahn is more into trading than investing. Carl Icahn also focuses on Corporate Governance of the company whose share he buys. His philosophy is more based on short term profiteering rather than long term value investing."

[togor]

A lot of the last stimulus ended up in the bank accounts of people who didn't really need it. But politically that's the kind of payout that Republicans are comfortable with--free money with no strings attached to people (corporations) that don't really need it, because in theory no "cycle of dependency" is involved. In other words it's not welfare if you give free money to a rich guy.

Except that now you have a stock market that is dependent on free money from the Federal Reserve to prop up demand. Funny how things go.