{
    "href": "/post/2009/05/12/was-it-a-suckers-rally-wsjcom/",
    "relId": "2009/05/12/was-it-a-suckers-rally-wsjcom",
    "title": "A Sucker's Rally?",
    "author": "pmjones",
    "markup": "html",
    "tags": [
        {
            "href": "/tag/economics/",
            "relId": "economics",
            "title": "Economics",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        }
    ],
    "created": "2009-05-12 12:33:40 UTC",
    "updated": [
        "2009-05-12 12:33:40 UTC"
    ],
    "html": "<blockquote>\n<p>The Dow Jones Industrial Average has bounced an astounding 30% from its March 9 low of 6547. Is this the dawn of a new era? Are we off to the races again?</p>\n<p>I'm not so sure. Only a fool predicts the stock market, so here I go. This sure smells to me like a sucker's rally. That's because there aren't sustainable, fundamental reasons for the market's continued rise.</p>\n</blockquote>\n<p>Read the whole thing at <a href=\"http://online.wsj.com/article/SB124208415028908497.html#mod=todays_us_opinion\">Was It a Sucker's Rally? - WSJ.com</a>.</p>\n<p>I have been saying for a while that I think things are going to get bad again, for at least a short period.  I think we're headed for a \"W\"-shaped curve (two significant drops before the real recovery starts).   I hope I am wrong.</p>\n<p>Indeed, I think that with the record-setting spending from this administration (President *and* Congress), we are headed for even *more* trouble later.  There are only two possible ways to fund that spending: exorbitant inflation, or exorbitant taxation.  Either one is horrible.  And leftist commie socialists wonder why the <a href=\"http://thememphisteaparty.com\">Tea Parties</a> strike such a chord.</p>\n"
}