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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.40

+0.5%

Dec 9 4:00 PM EST

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To: carranza2 who wrote (70388)	1/15/2011 1:55:10 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 218314

No wonder my short of JPM isn't doing well over the last couple of months. I had thought that the public's and politician's willingness to transfer funds to JPM and others was pretty well exhausted, but no, it seems JPM and co get another free pass. It's like Calvinball: <Once again, all sense of fair play has been abandoned in the interest of giving a special handout to a set of large banks that are reporting near-record earnings. When, I must ask, is enough enough? The message that I receive from this ruling is that US markets are now hopelessly and irrevocably captive to the behind-the-scenes wishes of the banking class, for which "everything and then some" seems to be not quite enough. Worse, an already-battered faith in the markets has been kicked again. Here's my prediction: Someday the US commodities markets will experience a very painful set of failures, big banks will be caught on the bad end of that experience, and they will simply, once again, lobby to have the rules changed in their favor > Mqurice

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