"The SBA loan volume plunged 36% in 2009 as banks slammed their vaults shut to small businesses". LINK TO FULL STORY HERE
NOW GRAB YOUR.....seat and ponder this, keep in mind all the damn money we have thrown at THE PROBLEM
"In February, as part of the stimulus package, Congress allocated $730 million for the SBA to bolster new lending incentives." OH they shouldn't have.... we can't even muster a paltry BILLION for small BIZ when we BAIL OUT the crooks with a $TRILLION PLUS???
Wouldn't it have been nice to INSIST banks getting BAIL OUT FUNDS loan a certain amount to struggling small businesses? maybe a FEW who SUR FREAKIN PRISE don't have POSITIVE cash flow.
Is this thing going to turn around tomorrow? forget it....we are already in the hole with time and money wasted on programs ineffective.
TIME IS RUNNING OUT ON AMERICA! WHERE IS THE URGENCY? WHERE IS THE LEADERSHIP?
Aliens are laughing their asses off at us, in their ships...sucking on atersoid dust and through mental telepathy saying....."Let's move on to the next planet, these humans are f'd up!"
They have thrown all their alien probes in the trash because they know what our aholes look like......
'has he lost his mind........"
OH TODAY WAS A 95% DOWN VOLUME DAY for NYSE, and is customary, a SNAP BACK attempt may ensue.....but I am unsure if this retrace is done even after any rally attempt.
IF the market drops down large in the AM....I may be tempted to trade out of my SDS etf and play for pity bounce from Short TERM OVERSOLD conditions....the selling as shown by that has been rather intense....not like before. We also closed near the low of day, not a sign of strength.
OH my pic...I know I shouldn't have had my cap on backwards, just showing PURPLE PRIDE....I had a rather unusual sunburn that day.....
D
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