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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (56376)	10/7/2008 2:00:10 AM
From: Jorj X Mckie	1 Recommendation Read Replies (2) \| Respond to of 57110

ok, so my bitching today is about political hypocrisy. I was over on Pitera's thread and saw this gartman report: Message 25035737 Thus to begin, we say here this morning, mincing no words whatsoever, we are more frightened now for the future of the global capital markets than we have been at any time in our thirty+ years of watching, commenting upon and taking part in them. We are fearful... and we mean this fully... that we have passed the tipping point; that things are now spinning out of control; that forces have been unleashed that cannot be stopped without some truly massive, truly strong-handed, governmental action including the closure of markets and limits upon bank withdrawals, et al. These are troubling times, and our fear is palpable and growing. Worse, these concerns are giving rise to the likelihood that the Left shall be in ascension, and that manifestly left-of-centre, interventionist government lies ahead here in the US and in Europe. Higher, rather than lower taxes will be the end result. Greater... indeed very much greater... intervention in the capital markets lies ahead. Trade and act accordingly. ok...so what's wrong with that? On one hand they are pro government intervention to stop the spiraling economy. And on the other hand, it is speaking negatively about a lefty government being interventionalist. On another thread the the threadhead talks about the "crats" ruining the economy and has consistently argued against government intervention. Yet he is also in favor of the recent bailout plan. Or at least he is mealy mouthed enough about it and talks in circles such that it certainly seems that he supports the government (and fed) intervention. So my point...government intervention is right or wrong whether or not it is supported by republicans or democrats. Personally, I think that government intervention in the markets is a bad idea. I think the unintended consequences will be felt for years. Government intervention will just prolong the pain and delay the economic recovery. This is what I expect finance.yahoo.com^n225;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined Japan is going on it's 18th year of milling around. My guess is that the US markets will too.