TIME FOR WORDS IS OVER

President gives a speach tonight on Iraq Pullout. We'll leave behind 50,000 or so and now our war efforts are in Afghanistan....a net gain in troops in the region....don't expect that to be mentioned.

What's really on the mind of those who vote is the economy, and jobs.

What I keep hearing is...."we're doing better than last year, the economy is growing and is creating jobs.....not as fast as we like" and "vote for us, not for those who got us here...."

But we ARE going backwards....1st qtr GDP 5.6%, 2nd qtr 2.8%, 3rd qtr 1.6% after hitting low near 400,000 claims now we're back up to 475,000-500,000. Many just worried about return of their money with 2 years breaking .50%....yes that's 1/2%.

Bank stocks appear to have broken down and look like their back in a bear market....maybe never left.

BULL markets in GOLD, WHEAT, and BONDS.

24 90% volume days in just last 5 months. Not sure before uptick rule suspended we had that many last 20 years. I don't know of any precedent where a BULL MKT (that's what they are calling this) has had SO many 90% days and the majority of them have been DOWN VOLUME!
One of the HALLMARKS of BULL MARKETS is the LACK of volatility...at one point between 2003-2007 the VIX hit single digits! It is now in the 20's neat 27.

The governments ready for more FAILED stimulus, the FED is READY TO FORCE BANKS TO LEND (even though their own policies inhibit it), less government, less business regulation, less taxation, government more than ever stands in the way of business.

Speaches make me sick, let's see some action.

D