Saturday, April 11, 2009

FRAUD IN OUR FINANCIAL SYSTEM

http://www.pbs.org/moyers/journal/04032009/watch.html INterview by Bill Moyers with William Black.......and you were angry before?

TEA PARTIES coming up......time to stand up and "we're not going to take this anymore" or will things never change?

A BIG RIGGED PONZI SCHEME NOTHING MORE! I'll keep talking about it, I'll keep trying to keep you safe.

HAS THE MKT BOTTOMED? I personally don't think so, nimble traders DO trade the market so off huge oversold 6500 print...if no collapse there, a worthwhile play....maybe some companies have put their lows in....some countries may outperform, the US isn't only investment vehicle.

MOST LOWS get tested.......looking for maybe 2nd mouse.

From DYLAN RATIGAN INTERVIEW

NEW BULL MARKET...OR SUCKERS' RALLY?

Blodget: Last question. You've been right in the middle of this meltdown day after day, interviewing the smartest people, etc. So is this a new bull market, or is this another suckers' rally?

Ratigan: Suckers' rally. No question. That's not an indictment of the judgement of the market. That's just my perception of the ability of the banks to function in a timely fashion, the ability to create meaningful amounts of jobs in the immediate future, and the as-yet unrecognized meaningful losses to come in commercial real-estate and other asset classes... We've gone through a transition where things were getting bad in a freefall, and now they're just getting slowly worse. So it's a transition from jumping out a plane without a parachute, and now, after a year of free-fall, we've pulled the parachute, which feels a hell of a lot better than the freefall... I think we're dealing with a problem that has a few years in it, not a few months.

D

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