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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (95614)	3/23/2009 3:16:25 PM
From: roguedolphin	2 Recommendations Respond to of 116555

re:["The bigger the potential taxpayer giveaways to fraudsters and looters the more the market likes it."] Message 25516138 To: Crimson Ghost who wrote (16480) 3/23/2009 3:03:21 PM From: SliderOnTheBlack 1 Recommendation of 16482 re:["The bigger the potential taxpayer giveaways to fraudsters and looters the more the market likes it."] You bet. They should have made CNBC's Bob Pisani wear a dress and wave pom poms today, they way he was cheerleading. I think he may have wet himself. It's shameless, but expected. Wall Street makes it's money by speculating with other peoples money, and they need to keep the sheep in, and in this case, hopefully get them back in... for one final shearing. Every single day, more and more people are seeing the looting for what it is. I talked about how they're looting and literally stealing the earnings from sound, local, community banks to fund the FDIC handoff to the looters. Hussman see's it as the road to the FDIC's ultimate bankruptcy... "This is not only an invitation for rampant moral hazard, as it would allow the financing of largely speculative and inefficently priced bids with the public bearing the cost of losses, but of much greater concern, it is a likely recipe for the insolvency of the Federal Deposit Insurance Corporation, and represents a major end-run around Congress by unelected bureaucrats." And on the subject of "unelected bureaucrats"... is there anything scarier than that slip of the lip in Munich, Germany by Obama's National Security Advisor? Like I said, they're done writing people. cfr.org Remarks by National Security Adviser Jones at 45th Munich Conference on Security Policy Published February 8, 2009 Speaker: James L. Jones U.S. National Security Adviser Jones gave these remarks at the 45th Munich Conference on Security Policy at the Hotel Bayerischer Hof on February 8, 2009. "Thank you for that wonderful tribute to Henry Kissinger yesterday. Congratulations. As the most recent National Security Advisor of the United States, I take my daily orders from Dr. Kissinger, filtered down through General Brent Scowcroft and Sandy Berger, who is also here. We have a chain of command in the National Security Council that exists today.... ------------------ And some here doubted the significance of having Henry Kissinger, and then Sir Evelyn de Rothschild both appear live on the floor of the NYSE, during the market meltdown in October thru December. youtube.com youtube.com Fwiw, They were claiming "Mission Accomplished." S.O.T.B. PS: America needs a Hail Mary, but I don't even see a QB on the field that's on our side...

To: MythMan who wrote (95614)	3/24/2009 5:28:21 AM
From: westpacific	4 Recommendations Read Replies (2) \| Respond to of 116555

Game far from over...dollar filled its downside gap. Oil trying to breakout above key $54 area. Short term charts look rosy, take a look at a monthly chart and this rally looks like a joke! Me thinks they are taking us up, ahead of some nasty stuff to go down in April. You just do not create this kind of bailouts unless things are beyond a mess. Meanwhile been a nice trade in safer bets like crude oil, industrial metals are related...ride the trend. 1932 and 1935 has some massive rallies in the market, short covering adds to the fuel. If FED is buying there own paper, maybe they are buying securities as well - who knows what fiat is buying to keep the game alive. Qs have still not broken out of bearish channel, INDU still has some technical room above with doing no damage to the bear case and this week ends green, sets up the three green candlesticks - if so, expect next week profit taking. Waiting to see if TRAN/UTIL can confirm this rally, so far they have not. Game far from over... June call for 4000 remains in play as of today, next week could that change, of course. And thank you for your post, it is very nice to see you follow my posts and read my thoughts! That is very much a compliment. West