Let me just say, for the record, the my father in law was correct - the market's taken off since he and I had our little bet, and he won. This just illustrates that I'm too bearish on the market in general, and I'm not taking broader impacts into consideration when analyzing the market.
Let me also say, for the record, that I think we're in for a few more years of essentially zero growth - there's no meaningful job growth in the private sector and there is only going to be job losses on the government side.
One thing I don't quite understand is how someone could think that firing government employees is going to lead to increased job growth - firing people makes jobs? Is this like pro-lifers killing people?