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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (89265)	7/31/2009 8:29:39 PM
From: ayn rand	Read Replies (1) \| Respond to of 94695

Get ready for another crash...the next leg down of this historic correction...the next kick in the pants...the next moral lesson." .......................................... From Congressman Ron Paul, in his "Texas Straight Talk" column on his House of Representatives website on July 27th: "Free people should be left alone to follow their conscience and determine their own lifestyle as long as they do not interfere with other people doing the same. If morality is dictated by government, morality will change with every election. Even if you agree with the morality of the current politicians and think their ideas should be advanced, someday different people will inherit that power and use it for their own agendas. The wisdom of the constitution is that it keeps government out of these issues altogether. Many say we must reform healthcare and treat it as a right, because that is the moral thing to do. Poor people should not go without healthcare in a just society. But too many forget the immorality of stealing from others in order to make this so. They also forget the morality and compassion that naturally exists in communities when government is not fomenting class warfare with wealth redistribution programs." . . . and from Richard Russell, editor of Dow Theory Letters, in remarks posted on his website on July 29th: "My thoughts on what may be coming up? The difficulty in coming years is going to be in making money; it's going to be even more difficult in coming years to avoid losing money. In other words, the hard part will be to hang on to your money and assets over the next decade. There will be many so-called opportunities to make money, but most of them will prove to be false or very risky. We've experienced 27 years of generally rising prices from 1980 to 2007, in which profits were easily and readily available. However, over time, the markets tend to even out. Therefore, I foresee a long period ahead when the opposite holds true, and in which it will be very difficult to accumulate profits and very easy to lose money. . . . and from Bill Bonner, founder of Agora Publishing, writing in The Daily Reckoning newsletter on July 30th: "The markets are always teaching us...always correcting us...always giving us a kick in the pants. These are moral lessons...in the broad sense. That is, if you do the wrong thing you get punished for it. Step on a rake; it hits you in the face. The purpose of a bear market is to correct the errors of the preceding boom. Most prominent among those errors is to think you can make money by speculating in the stock market. When this idea takes hold, good sense goes out the window. People will buy dotcoms with no business plans...and house builders at 40 times earnings! But that's how we'll know when the correction is over - when people give up on the stock market...when they want nothing more to do with it. Judging by today's news...we're still a long way from there. Get ready for another crash...the next leg down of this historic correction...the next kick in the pants...the next moral lesson."

To: GROUND ZERO™ who wrote (89265)	8/1/2009 10:42:45 AM
From: fred woodall	Read Replies (1) \| Respond to of 94695

Five more U.S. Banks go under. bloomberg.com Also more Banks go on Double Secret Probation List: More U.S. banks put on "probation": report (Reuters) - U.S. federal regulators have raised the number of struggling banks which they have essentially put on probation, forcing them to fix their problems to avoid potential failures, the Wall Street Journal said. Citing data obtained under the Freedom of Information Act requests, the paper said The Office of the Comptroller of the Currency (OCC), along with the Federal Reserve, have issued more memorandums of understanding so far this year than in all of 2008. At the current rate of at least 285, the Fed, OCC and Federal Deposit Insurance Corp are in line to issue nearly 600 of these secret agreements this year, the paper said, compared with last year when 399 such agreements were issued. The memorandums -- which can force financial institutions to increase their capital, overhaul management or take other major steps -- are not bound to be made public by the banks, the Journal said. The OCC, a division of the Treasury Department that supervises national banks, could not be reached outside regular business hours reuters.com