HAVE'S and HAVE NOTS MEET

*AP
>>The principal focus of attention for markets as the new week kicks off was the meeting of the G-20 world leaders in Washington. Though they provided a symbolic show of unity between rich and emerging nations, few concrete reform measures — aside from a commitment to further monetary and fiscal stimulus and free trade — were announced.

"No one was expecting any miracles out of the G-20 but having said that it was positive to get nations together in the first place," said Richard Hunter, a strategist at Hargreaves Lansdown stockbrokers in London.<<

CITI announces intentions of "laying off 50,000 workers..."

Stock markets have lost multiple $Trillions......homes have lost $trillions in value.....1 in 4 home loans in danger of default....world steel production cut by 40%, BDI has CRASHED...this is where the real DEFLATION IS.

30 day Treasuries yield .005% LIBOR rates have stoped coming down.

If 2000-2003 market action is now seen as a correction to then ongoing Bull Market which began approx in 1980.....the breaking of the 200 month moving avg and other technical data could be seen as we have enterred a true Secular Bear Market.

The bull market grew, and sustained itself with ever growing credit expansion. It took ever increasig amounts of new debt to fuel a $1 of economic growth, now considering the contraction of wealth, destruction we have seen, the $750B bailout plan seems a paltry sum.

Bailout car makers? then auto parts companies too right? Bailout mortgage holders? smaller banks? what other busineses?

Cut Gov spending? 10 yr notes at 3.7%.......

I hope we see a turnaround soon, but the forces behind the current environment may be too hardy for any gov intervention to displace.

Gold in many opinions still in Bull MKT, but correction has been painful, is why STOPS need to be used to protect against losses and in many cases protect profits.

D