Link to recent article "coverup" suggests that until we have a full fair investigation and those responsable brought to justice, there can be no recovery and faith restored to the American People in the system!
We do know incredably, that EVEN after the HISTORIC RALLY off the lows of Recession of greater than 60%, and 7 plus months long, and all the MSM and GOV HYPE of "the recession is over" has NOT LURED BACK the individual investor?! WHY?
Maybe this time he is SICK of being the dumb money and no amount of bullshit will lure him/her back in until a FULL accounting and coverup is exposed!
THE CONFIDENCE OF AMERICAN CITIZENS IS SHATTERED!!!
Can you close your eyes for a moment and see all of Wall Street walking up to the podium before year end to pick up their checks on avg $700,000 ???? and can you imagine with me the glee of every out of work American getting wind of the BIGGEST PAYDAY IN WALL STREET HISTORY thanks to all those persoanl phone calls from the Treasury to the insiders alerting them of their upcoming actions? an almost guarantee of profits?
Don't worry you don't lend the money given, just use it to make money for yourselves!!!! And hide in a DARK PLACE ALL THOSE GRUB EATEN MORTGAGES you don't mark to market value.....who cares?
ANd don't ask why the RATING AGENCIES put AAA on the subprime slime? ANd don't bring anyone to justice?
WHY isn't the cry of anger growing in every orifice, and the full understanding that FEDERAL RESERVE POLICY is directly responsable for the bubbles created??WHY WHY WHY
If we didn't have ZOMBIE BANKS then they would be lending? Is there any incentive to lend?
Are there oodles of credit worthy customers lining up?
A fall in umemployed to just over 500,000 Thursday a weekly number is hailed as step in right direction and sign of recovery, friends, that isn't even back to WORST reporting at 2001 highs!!!
Commercial real estate problems not even discussed here......
How does economy,come on....gear up spending and how do companies GROW while more than 7 MILLION are walking the streets? COME ON!
WE BEAT ESTIMATES.....who gives a shit, they still playing that game.....
SO IMHO it seems like the PROS have done everything possible to LURE BACK THE BAGHOLDERS...the dumb money....they are playing with HOUSE/OUR MONEY...have INCREASED THE SIZE OF LEVERAGE AND DERIVITIVES (still unknown and not policed) and playing with themselves.......dangerous game of musical chairs.....if and when the music stops......
If a new bull has been grown from this disaster......well no wonder so many are willing to accept 3% on their money....ASK YOURSELF...does it make sense that from the crisis we have/had and the policies undertaken.....does that equal the largest rally in per cent terms from a recessionary bottom in the history of the stock market and by a MILE!??? ALL THE WHILE another 2.5 million jobs lost etc etc...and if housing has stabilized then WHY the worst 3 month period SINCE CRISIS BEGAN of foreclosures?
I think the AMerican public is SICK OF LIES, MANIPULATION, LIP SERVICE and GOV in general and the mood is ripe for CHANGE...not just in a speach...OBAMA a HUGE dissapointment following that asshole Bush...just more of the same
Maybe this time, we have had just about enough!
Duratek
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2 comments:
Good to see you are bearish as ever.Tell them like it is.
When can we expect a stock collapse? I think soon.
I like you can't wait, it will be great.
I am short and getting shorter, how about you? You must be short.
Thanks, and keep up the good work.
Maybe I should be already, but from my technical side I am waiting for a few things. The VIX coming down to 21 worries me...but not yet a deal breaker....I still think if not a top here, a decent correction is due.
Fundamentally it smells rancid...but timing can be tough....the deck has been stacked...
It could happen suddenly....but let me remind you....it doesn't always happen when you think it should, I have some levels not far from here I charted and posted...from that pt should we make it, more may be known.
The ECRI report doesn't agree with the bear....many think they are right....maybe some things point that way....printed money cant fuel indefinately...and if not now somehwere down the road the piper will be paid for this folly.
I can't advocate a strategy here except be careful....dont bet the farm....shorting is very risky if timing is wrong...GL
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