SMOKE AND MIRRORS, UGLY TRUTHS

MORE OBAMA BULLSHIT. And add higher taxes because of the health care plan that doesn't even have the public option!!!!!!!! what a hypocrite! Ask yourself WHY are ALL the HealthCare stocks at or near 52 week highs?????????????? ADD CAP N TRADE??? what a BS plan this is....more MOOHLAH for BANKSTERS like GS who will make a market in this BS? YIKES!

Global warming? 30 degrees in FLA got my buddy scrambling for firewood! I digress.

WHY I THINK THIS RALLY IS BS AND PART OF A SECULAR BEAR MARKET

The (not for profit? nOPE!!!!) FED began lowering interest rates almost 2.5 years ago, normal recoveries after Recession ends (they said it did) show first QTR after GDP averaging above 6%.......after record easing, record stimulus we got 2.2% making it the WEAKEST recovery from recession in history BUT with the STRONGEST STOCK MARKET BOUNCE IN HISTORY....something is wrong.

The housing industry:

Prices have not yet stabilized, sales have not began a meaningful rebound, withback drop of record intervention, home buyer credit, falling prices, lowest interest rates.....a 5% or below rate, tax credits etc can't goose sales? and the comps with last year are weak weak weak!!!!

INVESTOR BULLISHNESS:

I mentioned IIAA polls show almost 3 to 1 BULLS one of the more LOPSIDED surveys taken, with BEARS showing scant 16.9%....a similar reading found near the OCT 2007 top.

JOBS

2.5 years after FED easing began....STILL LOSING jobs at alarming rate......but hey it's getting better is what they say.....I say we're in a downward spiral maybe interrupted by temp help and census hiring....all non permanent. 10% rate surely understated.

SMALL BUSINESSES can't get credit, this is where 90% of job growth comes from and THEY ARE LAGGING any "recovery"

WHY HASN'T EASING WORKED ITS VOODOO THIS TIME? you cannot REFLATE a BURSTED BUBBLE. YOU CAN'T HIDE PROBLEMS, they won't go away (like marking mortgage paper at face value!!!!!!!!!!!! instead of MARKET VALUE)

SO we have seen enemic growth in the REAL ECONOMY, seeing proof of it in declining bank loans and consumer borrowing, FOLKS THAT IS CALLED "CONTRACTION" but the one thing THEY can manipulate is the STOCK MARKET......unintended price inflation in COMMODITIES drains MORE CASH from consumers AKA hiring heating bills from a frigid winter and gas for your car.

Hiring prices in energy may have hit Alcoa results.

In the ISM report only about a THIRD of those surveyed had seen any growth in business. 22% said they were hiring.

We have so many UNDEREMPLOYED there will be little growth until at least they are put back full time.

ALUMINUM used in a LOT of different industries, why Alcoa results important, so when you see revenues miss estimated and fall compared to last yr qtr, one should be concerned.

We are on STIM life support, take any of it away and we are cooked.

ALL this is the backdrop for a SUSTAINABLE RECOVERY????????? hiding losses on the banksters sheets or FEDS with ACCOUNTING RULE CHANGE?????

NOT the backdrop I would think anyone would be very comfortable....ALL IN? LET IT RIDE???? Sounds like Las Vegas...... IT AINT ON YOUR SIDE OF LEDGER UNTIL YOU CASH OUT.

A horrid thought but I must bring it up....what next if it is seen at some point down the road that ALL THIS STUFF HASN'T WORKED????? what do they do DOUBLE DOWN?

Current policies IMHO are HURTING the economy, businesses dont know how health care will effect them on top of all else making them MORE reluctant to hire and expand. CHOPPING HEADS and other overhead has brought some profits back to life, but one companies CHOP is another's customer!!!!!!!

What new meaningful financial reforms? On one knee.....I'll pray.....

Duratek all JMHO