LET THE GAMES BEGIN

HERE'S ALL THE FUSS IN AFTER HOURS WHERE FUTURES ARE SCREAMING

Alcoa's (AA, Fortune 500) net income fell 75.8% from a year ago to $77 million, or 8 cents per share.Revenue fell 34.3% in the quarter to $4.6 billion, but still beat analyst forecasts of $4.55 billion.

Why isn't the net income data important? beats crap out of me. WHY ISN'T the 34% FALL in revenue more important than THEY BEAT FORECASTS....who is making these forecasts? OH WALL STREET!

Here are some interesting stats to chew on:

THE GOV has to borrow almost 40% of all its spending.
THE WORLD IS PRINTING MONEY especially CHINA as a % of growth.
EXCESS BANKING RESERVES HAVE SHOT FROM NEAR NADA TO OVER $800 Billion!
If you understand velocity of money and how banks hold only 10% of the money they loan....this begins to multiply in the economy when it begins to change hands.....if this were to happen using the normal avg that could chase $6 TRILLION INTO ECONOMY.....is that what GOLD IS SNIFFING?
OUR FED has told us "DON'T WORRY...WE GOT A PLAN TO DRAIN THE SWAMP" so don't worry.....we can trust them right? THE FED would then begin selling their holding of Treasuries and other stuff.....but wouldn't that effect long term interest rates? which would kill any recovery more than likely.
I am pretty sure the FED has been the SOLE buyer of the MBS market and tons of gov debt....so WHO THEN WILL BE BUYER? YIKES I SAY

The FHA is running ads crowing about how you dont need deposit (GOV giveaway tax credit) and probably not even a CREDIT CHECK!!!! WTF this is what screwed the pooch.....they mostly default YIKES AGAIN.

Don;t worry the US TAXPAYER has guaranteed them.....

Market could break out of gate STRONG in the AM.....let's see where this goes.....the greatest rally ever PRINTED......

Duratek