WHO IS RIGHT?

Timmy Geithner (SEc of TRES) " the danger is in doing TOO LITTLE, not TOO MUCH"

OR

Peter Schiff

President Obama and the majority of our leadership on both sides of the aisle are confident that the right mix of monetary and fiscal policy can restart the spending party that defined America for a generation. And as the bleary-eyed revelers wisely reach for a cup of black coffee or stumble into a rehab center, Obama is pouring grain alcohol into the punch bowl hoping to lure the walking zombies back onto the dance floor. Europe and Asia fully understand that Obama will ask them to lend the booze.Washington is telling us that our problems result from a lack of consumer spending. Therefore, the solution is for government spending to pick up the slack.

However, if Americans are too broke to spend, then how can our government spend for us? The only money they have is taken from us through taxation. To postpone immediate tax hikes (adding interest for good measure), Washington plans to borrow more from abroad. However, if our foreign creditors refuse to pony up, much of the money will simply be printed instead.

THIS FROM USATODAY.COM

By Christine Dugas, USA TODAY
The current financial crisis is all-inclusive; our path to prosperity or even simple financial stability seemingly obliterated.

With every furlough, layoff or stock market drop, Americans of all ages and backgrounds are seeing their incomes dwindle, bills pile up and financial options disappear.

The number who are suffering has increased by 3 million the past year, according to a recent Gallup-Healthways survey. Some 37% of us said we were worried about money last week. Last year, 3.2 million consumers contacted the National Foundation for Credit Counseling, up from 2.2 million in 2007 and 1.4 million in 2006.

"What's happening to families is a perfect storm," says Bob Manning, a finance professor at Rochester Institute of Technology.

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Is the BEAR MKT RALLY OVER? I think a close BELOW SPX 800 (more importantly on weekly basis) might signal so.

The horse isn't NEAR the water....in fact may not know how to swim.....where in the ANALS of history is the disease a cure for THE DISEASE?

Duratek