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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (14343)	1/12/2009 4:43:47 PM
From: ItsAllCyclical	1 Recommendation Respond to of 50568

Rep. DK. He gets it more than some in congress, but he's still calling for a 2nd New Deal. A study of FDR's history reveals that in many ways FDR's policies might have made the depression worse or at least lengthened it. Money spent on infrastructure is better than other places, but you know there will be waste/fraud not to mention it will not come close to ending the recession/depression. Abolish the Fed? Yes. Put in under Treasury control? Paulson controling the money supply? No thanks. The Fed has done a lot of harm, but I suspect if the Fed were in the hands of congress things would be worse by now. I'm still happy that DK at least admits that the Fed is the problem, not the solution. Market wise nothing really looks that compelling to me yet. I started scaling back into some USO, DXO last friday. Initial positions, no buys today. Still have a few mid cap producers in the gold area and probably 75% cash. I view any rally at this pt an opp. to either raise more cash and/or go short. Right now it looks like the HUI will go to below your lower target for buying. Trying to be more patient this year and wait for opps to come to me. Also preserving what I built up last year. Still early in the earnings cycle. If stocks start ignoring bad news again I may rethink the ST/IT direction. I do think we have at least one more rally higher ST, but it may start from lower levels. It doesn't have to happen, but odds favor it. I'm not looking for anything over 950 and 920 or less may be it (S&P). OT - Took the kids to Disney World for the first time. Kids had fun, but way, way overpriced. We went on the monday after Jan 1st weekend. Less crowded, but still way too crowded. Rides were short and the food was junk. Not many healthy options for adults or kids. One giant commercial for Disney. I think our kids would like NogginLand much better (Dora, Blue's clues, Wonder Pets...).

To: SliderOnTheBlack who wrote (14343)	1/13/2009 6:05:32 PM
From: Northern Marlin	7 Recommendations Read Replies (1) \| Respond to of 50568

Today Bernanke gave a speech at the London School of Economics and fielded questions afterward. I had it on television (CNBC) and turned on the sound when the questions began. Terry Easton, a reporter for Human Events, asked Bernanke his opinion of the Austrian School of economic thought as opposed to Keynesian economics as practiced by every central banker on the planet. Ben had no intelligent response ( youtube.com ). That's the first time I've heard a reporter mention Austrian economics at a press conference of this scope. Keep pounding home the truth. I know you're having a positive effect. Phil