ALERT

Market may be in early stages of FALLING APART! Reaction to FED isjow obvious, their shell game uncovered,and Katrina $200B debt will not come out of thin air.

Bush agenda destroyed, tax cuts extension SS etc on back burner, NO improvement in Iraq, now new storm way roil oil pipeline. No ONE talking problem with farm production. And think cost of gas bothers the farmer on his tractor? Or products shipped via any mode? Or anything that uses pertoleum (plastics)? Inflation is nascent? My ass it is.

BUT, we have OVERSUPPLY and capacity, so SET INFLATION definition does not apply.

COST of credit rising, more expensive, we need credit expansion to continue orwe get credit contraction and maybe the start of K-winter.

I think we are in a VERY FLUID situation with a shitpile of complacency, VIX up above 20 EMA tho

Duratek