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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (400903)	7/23/2008 1:12:46 AM
From: bentway	Read Replies (2) \| Respond to of 1577893

I short through ETF's, which are all backstopped. Even if I get stopped out, I'll be way ahead from my previous shorting. I just don't think we've "bottomed", or gotten anywhere NEAR a bottom. What you think is a "market turnaround" is the result of truly desperate coordinated efforts by every part of the Bushie government to throw up little ramshackle ledges as we go over the cliff. They are directed by Bernanke and Paulson, who unlike most Bushies, are at least competent. Their latest move is to say that free markets can only be free when the direction is UP. The market celebrates. Another error that will make the inevitable downside even more painful. They are under orders to keep it up until AFTER the election. Ask yourself, have you ever in your life experienced such sustained, protracted bad financial news, or such massive government interventions? I haven't.