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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (9917)	9/8/2008 9:09:42 PM
From: Terry Whitman	1 Recommendation Read Replies (4) \| Respond to of 33421

So JP- Is this the final nail in the coffin of capitalism? The Feds are taking over the mortgage business.. Guess ole Fidel must be chuckling, probably yukking it up with Kim Jong Il. Never thought I'd see the day capitalism truly threw in the towel, but I think we may have just witnessed it. I can't say exactly when the big socialist shift really started, but Easy Al really started that ball rolling with his rescue of Long Term Capital Mgmt. back in 1998. I couldn't believe it was happening then, and predicted dire consequences. Since then, it's been rescue, after bailout, after takeover, and on we go, by the Feds. I fear that on the next down leg, the Fed have to may take over the stock and bond markets. -ng- Anyway, the rescue bounces have been good spots to re-establish shorts. Think this one can last a couple weeks?