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Politics : RAMTRONIAN's Cache Inn

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To: NightOwl who wrote (14152)	9/19/2008 11:40:05 AM
From: NightOwl	Read Replies (1) of 14464

Well... I've heard Paulson and I'm still as unimpressed as the markets seem to be. All they've really done to this point is (a) stop short selling going forward for 2 weeks; and (b) bailed out every US based money market fund. The first step is good for people long the stock market... but the second step pretty well prevents any major breakout to the upside due to the uncertainties remaining regarding the so called "solution" to come next week and its impact on every one's wallet. The problem with the American economy is a direct result of the grossly criminal amount of leverage introduced into the system strictly because of the unfettered drive of Broker/Banker types to maintain an unsupportable level of cash flow and profit growth. Simply put... they sold worthless paper in an attempt to maintain their greed in the manner to which it had become accustomed. The worthless crap used as the vehicle for this fraud has been the credit card and mortgage business, but it could and would have been something else... anything else... just as easily. When you raise up multiple generations of "citizens" to (1) hate government regulation; (2) respond to nothing but false sales spin; (3) believe they have the exclusive right to rule the world; and (4) believe that God has decreed their success and riches *if they only believe... sooner or later somebody will sell them a dozen tulips in exchange for their first born. The market is going to look at this and do essentially nothing but cavatate until this plan get's fleshed out. When it does, you will know whether or not it (as well as my escape from this cesspool of a market) has a chance at success if you see one thing: A huge outflow of capital and income from the financial services sector... i.e. Banker/Brokerdom... and into the other sectors of the economy where value is actually produced.* Or to make it as plain as the nose on your face... If I can get at least 20 times the ttm earnings of 0.41 before the presidential moron puts his John Henry on this so called fix... while no publicly traded banker/broker in this country is leveraged at more than 8 times its real assets you will know the world will still be around when The BIG Rock arrives. If either of these things fails to come about... Well... Maybe we can work a deal to get China into NATO. 0\|0

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