Economic/Market Review 11/6

Thanks for this great post written in terms that make it easier to understand the implications.

Today’s news is that Bozo will inherit economic problems? Really? Did that just occur to the media?

I guess the markets don’t recognise Obama as the messiah.

Yep! Pelosi, Frank, BO-stinky = inmates running the asylum.

Thanks for the recap. I also heard that retail sales numbers were really bad today.

Yet with all these things Obama is apparently planning a big 7 day INAGUARATION Celebration in DC.

Average costs for an Inaguaration is about 40 million for tax payers and an additional 12 million for DC for security and etc. So if Obama pulls off a Seven Day INAGUARATION Celebration that will probably be about another 1/3 Billion Dollars for What??? Oh and remember that is if Obama doesnt decide to up all the past Presidental inaguarations.

Why do I have a feeling that by the time Obama is in Office less than a month he will have spend over 1 BIllion dollars on more or less Personal type items.
Items such as Seven Day INAGUARATION Celebrations, White House renovations, New staffing and etc.

OT

For your viewing pleasure:

This map is live and shows where the sunlight is at any given time, shows where it’s nightime.

Pretty cool view from space-

But those prepaid VISA cards will sure help November’s numbers, dontcha think? hahahahahah at least for malt liquor and twinkies …. and if I have offended any one … tough sh*t. A girl needs a laugh!

they just want make excuses for him, ladidahh

Chris Dodd should be housed in Guantanamo.

It is my gut feeling for a long time that many business people will be off shoring their assets and liquid funds to better foreign lands where the welfare state does not bleed them dry. Wealth Re-distribution meaning a form of Obama Welfare.

Is there any street talk about this or whispers of Cayman Account setup instructions floating around.

Bread and circuses, anyone? Or, in the words of that great philopsher Marie, “Permettez-eux de manger le gâteau!”

Clearly Obama’s election has inspired investors to sell. ha.

Can Lyndie England be his personal guard?

Thanks BJ. quite the world view. With this URL Obama can see when his arabian towelheads are awake.

I ain’t no fan of B Hussein O.

Agreed. Sometimes the not so flattering comments are just the truth.

Not the least bit offended. Have been there and know what you’re talking about.

Really. During an economic crisis. The emphasis ought to be on spending as little as possible and charging the rich to attend, use the proceeds for those new drapes (the ones MO wears, not the things on the windows).

I couldnt have said it better TY

I made a lot of money by buying inverse ETFs these two days, thanks to president-select Obama.

Bobo doesn’t inspire confidence in the market, that’s for sure.

I do wish our president elect Barack Obama the best of luck governing
>our nation! However his promises of financial aid totaling $850 billion
>dollars a year in additional spending on top of the $800 billion dollar
>annual trade deficit and the trillion dollar a year budget deficit all
>being financed by borrowing from foreign sovereign wealth funds mostly form
>China and Saudi Arabia and other Arab gulf nations. that is 2.8 TRILLION
>DOLLARS A YEAR! ALL DEFICIT SPENDING! our current national debt is 11.6
>billion dollars not including the latest bailout figures totaling $1.010
>TRILLION DOLLARS. WHAT HAPPENED HERE IS AMERICANS STOPPED SAVING MONEY
>AROUND 10 YEARS AGO AND MANUFACTURING DRIED UP! All of our “growth” over
>the last 10 years was funded by a false hyper inflation of real estate
>values which have been the bedrock underpinning our banking system.all of
>the growth was borrowed money from banks based on ever higher appraisals .
>now all of the borrowing power is gone and more that 11 million homes now
>have negative loan to value ratios. In short , everybody is in debt over
>our heads and there is no way out. we can’t work our way out of debt and
>all of these markers are coming due. Obama, in order to raise funds will
>nationalize the banks first in order to access their revenue streams
>followed by nationalizing the energy sector . the combined profit of the
>banks and energy sectors annually is at a maximum $120 billion dollars. The
>real cash cow he will have to take over in order to “save” it will be the
>pension funds and personal 401k retirement accounts .These funds on paper
>total in value approx. $11 trillion dollars. and at the current deficit
>spending rates he will run through all of these funds in less than 5 years.
>He will not be able to TAX his way out of this and all domestic investment
>will be choked off by his socialist economic agenda thereby further
>strangling the Capitalist system that has served us so well over the last
>221 years. in short , he may in a few short years turn us into a 3rd world
>economic basket case while squandering any savings and personal wealth left
>which is desperately needed to fund new business activity. The following
>scenario is not unrealistic is the U.S. defaulting on our foreign debt
>obligations which will have catastrophic effect on our entire planet. His
>socialist model will be the poison that kills the patient. I sincerely hope
>that common sense prevails in congress and the white house but i do not
>have great hope for this. time will tell…

Blogforce One

Looks like Obama is another….go shopping guy…
The country is in financial turmoil and people
can’t pay their bills and are losing their houses and he is throwing a seven day party extravaganza.

I got my high colonic when the market got battered for 900 the first time. My 401K is now just an 01K … So at least I can comfort myself that the sleeze ball is too late to take any thing from me.

The black widow outfit? Anyone know how much that cost? America needs to know!

Commie Dearest puts the gulag in fashion, doesn’t she?

What will all those designers do with all the blouses that fit eleven year olds they sell for 500.00 with a recession – dare we call it a depression – going on?

Anyone who has any money is the stocks that needs that money soon is taking it out, financial advisors have been telling their clients to get out now. We did. Even if you don’t need it right away we were told that it would be better to take it out and put it into something else, like under our mattress,
BO is destroying our markets. Everyone knows that he plans to raise taxes so they are putting their money where he and the dems cannot get it.

Susan1968, When they read that Obama is as crooked as Bush. TIME TO BAILOUT:

“http://www.newsmax.com/insidecover/obama_illegal_donations/2008/10/19/141979.html

Obama’s Secret Campaign Cash:
Has $63 Million Flowed from Foreign Sources?

Sunday, October 19, 2008 6:28 PM

By: Kenneth R. Timmerman …”

Yes, I was just wondering this am how much The Precious would spend on his blow-out inauguration day week celebration, not to mention the basketball court he is thinking of building at the White House.

The show just gets better and better…how many days now has it been since he bought the election?

The designer’s rags sell for up to $8K … what you bet it is the Rezko fashion quid pro quo and that its just the dress that keeps on giving?

And gee, the Democraps were so intent on holding the line on that budget thingy …. botox before the first ball, anyone?

Perhaps Commie Dearest had to mortgage her little strip of land to buy the black widow Halloween costume.

That dress should be up for an academy award or a raspberry – whatever comes first.

Just proves you can’t take the ghetto out out of da girl.

All the time. If you have any cash you don’t want that Obamascum stealing get it out of here, or put it somewhere you know he can’t get it. I did.

A friend who voted for McCain send me a funny email that said since B0′s half black and half white, he must be Puerto Rican … the orignal sender was PR by the way. Don’t know about B0, but the dress is a little too chica for most tastes imho.

My sister said Commie Dearest’s dress killed Mr. Blackwell. LOL

There was an article in the Chicago Tribune about Michelle’s dress. It came from some designer in New York right off the runway and was meant to be sexy and slinky but Michelle had it redesigned so it would look more First Lady. She then decided to wear a sweater around her shoulders. The designer was really unhappy because it ruined the design of his dress.

Basketball Court!!!!

I heard around the Office Coffee Machine that MicHELLe is going to tear out the Rose Garden and plant a Watermelon Patch, and some space for Collard Greens etc etc . lal (laugh a little)

Emily’s list must be feeling the pinch.

Got a robo call from them two days after the obot erection. (Any thoughts as to whether barky is renting out the list? Can Edwards be far behind looking for money for the kid?) It gave me tremendous though fleeting pleasure to laugh at the recording and hang the phone up.

Has this not been the damnedest two years? Who would have thought that all of this time we were faithful Democrats we were being used?

Two years of the Obama Recession and we’ll be looking at today as “the good old days.”

Just like Commie Dearest to ruin everything she touches. Will the White House survive leopard print drapes with tiger teeth tie backs?

I would imagine that President Elect Precious is hoping that any major drastic drops in the market occur on Bush’s watch before he is sworn in. If we are way down by then, he can bask in the glory of any uptick at all. It would look worse if major drops occurred during his first quarter in office.

If you’re a woman, put it some where he’d never look … inside your bra … hahahahahhahahahahha

Sorry I am being so silly tonight. I feel like I am breaking out of my deep sorrow and remorse for John, Cindy and Sarah. Three wonderful, wonderful people who love this country and its people.

Well, being a native Southerner myself, that’s an addition I could get behind…yum, watermelon and collard greens.

Yes, those Emily’s list traitors don’t deserve a penny after what they did to Hillary.

It is highly unlikely that the last two days on the market have anything to do with Obama’s election. If that’s the case, then everything I’ve ever read about markets discounting news in advance goes right out the window. On the other hand, I was expecting the market to go up these last couple of days, because markets tend to trade on mood rather than fundamentals, and to read the papers and listen to the TV we just elected the next JFK.

Perhaps it is the realization that we should sell now and pay capital gains at the 2008 rates because it could go way up. If that’s the case then December is going to be dismal. Me, I’m gonna add to my gun collection since he’s liable to outlaw those as well.

I am sure his buddies in the NBA will pay for the court.

Yes, I’m watching the HBO series John Adams tonight to brush up on my American history lessons.

What are you talking about…..arugula!!!

I just realized something and I hope these fears do not hold true.

The White House is full of history…..History from the time our country was first started, some good and some bad for any type of cultural, racial, religious, or gender orientated group. The walls of the White House are filled with the portraits of the men and women who made America the country it is today. A good percentage of our history and the men and women who made that history, especially white house history could be considered quite bigoted to certain people.

30% or more of our political and White House history involves people who were slave owners, segregationists and had personal and public records that were not the greatest when it came to African Americans.

Just off the top of my head I think 75% or more of our presidents up until the Civil War were slave owners. Up until around the mid 40s and 50s most of the presidents turned a blind eye to or even supported many causes that were detrimental to African Americans, including things like segregation, decent jobs, homes, being in the military, eduction, and the list goes on.

Since the First Lady can rearrange the White House as she sees fit, I am wondering if there could be some tossing of our artifacts if the new First Lady felt that they were anyway indicative of racial discrimination/intolerance.

Just a thought……

Remember guys a lot of the world’s historical artifacts has been lost to people who felt that it was detrimental to their cause.

Narciso Rodriguez dresses go for 1500-3000 as a rule.

Yes, I suspect that BO and MO don’t know nothin’ about real Southern cookin. A mess of collard greens, field peas, hot cornbread with butter, biscuits, sweet potatoes, fried chicken and hot blackberry cobbler with home churned vanilla ice cream for dessert. And sweet tea to drink.

Mighty fine!

Democraps- love it!!

Uh, what’s an inverse ETF?

Like the buying up of the “Little Rascals” film rights just to bury “Buckwheat” for all eternity? I could see this happening.

I Pray Not!!!!! But I at the rate Obama seems to be going I think we will be 3xs further in the hole in less than 2 years.

Yes, us po’ folks want to know!

I thought the tanking markets were good news for obama?

I think they just ship them off into storage or whatever. I vaguely recall Jackie pulling some stuff out of the back room at the Smithsonian, etc., no one is going to let them toss it on the junk heap.

…hot blackberry cobbler with home churned vanilla ice cream for dessert.

OMG! That sounds scrumptious! Gotta go get a snack now!

Well they were good news for him until the time he bought the election, but now if the markets were confident in their man’s ability to get the economy back on track in the coming months, they should have gone up, not down.

This is bad news for BO.

Love that series but can’t get the DVDs back from the relatives. They just keep watching it over and over – and are pretty Pizzed off about the death knell Obama represents for the country.

John Adams, where are you?

One of my favorite Disney movies as a kid in the 50s was “Song of the South” the Uncle Remus stories.
I finally found out a couple of years ago that it would never be released in America.
It is actually sad because they are revamped African tales by African Americans. They have a lot of unlaying meaning if you read them and lots of underlaying African American history.

An exchange traded funds like a mutual fund that mimics the folders for the Dow Jones, the S&P, the FTSE or whatever market index you choose. So if the S&P goes up by like 5%, it pays 5%… so the inverse means that the money is moving to all the exchanges going down instead of up … it’s basically saying all the major indexes haven’t found the bottom yet.

not exactly a vote of confidence

Only when he was running against McCain. Now he has to actually find a solution for it and not just say bbbbbbbbbbbbbbbbbbbbbush.

Netflix is the answer to that!

John Adams was pretty wise… as were many of the founders.

But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever.

Democracy never lasts long. It soon wastes, exhausts and murders itself. There was never a democracy that did not commit suicide.

and maybe the most timely of them all

Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.

Makes one wonder about the state of our higher education systems today. We have few leaders with the common sense of John Adams. But when the professors today are mostly all progressive activists… what do we expect?

Peter’s new investment strategy…

http://www.outbike.com.au/Bike%20Wheel%20Web%20Photo%20Gallery/Images/Day%205%20-%20Peter%20digging%20the%20pit%20for%20the%20camp%20ovens%20(Medium).JPG

Actually, the original French is “Qu’ils mangent de la brioche“.
Also, just for the record, while the phrase is commonly attributed to Marie (Antoinette), the phrase was written by the (real) philosopher Rousseau in his Confessions, in which he related a tale of a great princess. The only trouble is he couldn’t have been writing that of Marie Antoinette, as Rousseau’s words were actually published in 1766, some four years before Marie Antoinette set foot in France. There are some who believe that an earlier Marie (Marie-Thérèse) uttered something similar and that she may have been the princess of Rousseau’s tale.
I’m also not sure why people continue using the expression anyway. Unless you’re talking about a single little cake (such as something from Little Debbie or Dolly Madison or Hostess), cake is more expensive than bread. (I can buy a whole loaf of store-brand bread for less than the cost of a single slice of cake from an in-store bakery.)

The figures that i’m most interested in this month is what’s going on with the current account. i want to see if foreign investors are dumping US assets and taking their funds some place else. If that’s going on in November, we should really find out what the rest of the world thinks of this –not the leaders who have to say something diplomatic or the fruitcakes they pick up in the town squares to interview … that’s going to tell you if they still think we are worth investing in …

also, see if they’re still buying up t bonds and t bills … if they’re worried about a banana republic looking trade deficit, they’ll head for Eurobonds or some thing else

Now that abortion will be legalized up to when the kid is three years old, why do we need good ole’ Emily’s List to “save our rights”? Buh bye Emily, and Naral and Planned Parenthoood. Ooops you ran over the woman who made you sorta viable. Who needs you now? I am pro-choice, but I am pro-woman first. Maybe they can start a Stepford Wife PAC.

349 = BO’s electoral votes
-929 = DOW’s post-election losses

Seems Wall St. isn’t showing BO the love… OR THE MONEY.

Seriously, I am going to get shortwave radio so that I can get unfiltered world news. We are not there yet, but it isn’t looking good.

The conservatives all said exactly the same type of thing when Andrew Jackson was elected in 1828. The country survived.

Dont forget some of the islands and I think there are a few good south american countries.
But right now most of the very rich are already taxed about as high as Eng, France and etc….
So if their taxes are upped more just to have a welfare type state I wouldnt blame them.

How could BO and MO know anything about real Southern cooking? Neither of them is from the South. She was born and raised in Chicago and he was (allegedly) born in Hawai’i and raised almost everywhere BUT the South.
Incidentally, while I’m a Southerner, you can’t pay me enough money to eat collards–tried ‘em once and nearly gagged, and that was mostly just from the stench (I thought that cabbage cooking was a horrid smell until I smelled collards cooking). I don’t eat chicken but I can most definitely get behind the rest of that menu.*

*Just as long as there’s plenty of sweet tea to go along with it.

not the last two days … basically, there’s usually a post election rally because there’s less ‘unknowns’ out there because they know who is going to be prez … less uncertainty means they can predict what future earnings will look like …

that’s the largest post-election drop in history on Weds .. a drop is unusual enough, but the size of it is basically a vote of noconfidence by the investment community …

not good

Love the earth map. Thanks for posting.

Cool link BJ. Thanks for sharing.

A President in 1828 didn’t have the world power a President has in 2008. The world also didn’t have the capacity to annihilate itself. That being said, I think Obama will just accomplish so much as to grossly overreach and spoil the democratic brand. At least Cheney thought so when he endorsed McCain immediately before the election.

Okay, now wasn’t there something about “cake” actually referring to some nasty type of hard as a rock cheap biscuit?

It’s the market reacting to Obama’s planned spending spread. He will make dollar worth less than Bush and higher long term interest for all. Refi your mortgage to fixed rate if you haven’t already.

“cake is more expensive than bread”

that’s the point.

ld, looks like you’re about the only person saying it looks like rates will be going higher, I had to scrounge all over town to get a crummy 4.1% with 4.4 apy on a CD & even getting it was about as much fun as a root canal, you’d think I was asking for a loan. I love the little box where I get to check am a “U.S. Person”. Soon it’ll be “Global Citizen”. I’ve liquidated so much, rather pay big under GWB’s tax digest than risk what’s coming. I don’t want to buy real estate anymore unless it’s just land & even that scares me, decades of property management has left me with very little patience. Thanks Bill Clinton CRA, Greenspan 3% & GWB, thanks to the comptroller of the currency, yeah thanks Phil Graham et al.I want to believe we “can work our way out of this”, just can’t see it happening in my lifetime. Even if Obama leaves the death tax around 3.3m afraid the states will just suck up 40% of anything we have left. Maybe it’s time to start giving the kids max allotments every yr. Dylan Rattigan (Fast Money CNBC) goes to DC tomorrow to demand transparency. Good luck. Maybe the poster playin’ “inverse ETFs” ie Ultra Short??? is onto something, but it’s too risky for me, I’ve lost my mo jo. I’m too bummed out to even get angry & that’s what is really pathetic, because if people don’t really get angry (in a controlled & organized manner)these clowns are going to peck us dry to the bones.

Qatar? Why Qatar?

The state of CA announced 2 billion in cuts in K-12 education, 5% of the my towns school districts budget right out of the general fund.

Public sector financing on the State level is headed for the deep end of ditch. (x 57 states). That amounts to Trillions of general obligation bonds that are looking for rescue.

From a National Security / Homeland Security (I hate that term) the first responders are the on the front lines of the economic FUBAR.

I tried to tell a Obama co-worker who was checking his stocks and lamenting that he should not do it, because it stresses him out…

I taunted him… saying “We are so screwed”….( we are already, but I feel know obligation to spare anyones feelings in my shop since they all voted for “the one”…ya know no that they are going about “sharing the wealth” and cracking really disgusting jokes a Palin. (Still)

He said… “you know…a lot of people are real exited about Obama and you shouldn’t rain on their parade..”

That’s is BO’s job now and he will do it from great hieghts on Mt O lympus.

Blogging on this site 18 months ago many people hear saw this meltdown coming. Most of the people we elected knew it was coming and they did nothing.

LD;
What do you think of peer to peer lending?

Please keep the info coming.

How’s General Foods’ stock doing? It should be going through the roof.

They make Kool-Aid.

That dress was neither sexy nor sleek on her or the original model who paraded it down the runway. When I saw MO wearing it, I was aghast, not because it’s unfashionable but because quite simply, The First Lady-elect is fucked in the head to pick that kind of outfit. What the hell was she thinking? Does she not realize the subconscious angry imagery it portrays???? I read several blogs where posters thought the dress reminded them of:

black widows
aborted fetusus
paint splatters
gunshot wounds
communism

and a host of other negative imagery. Only someone who is completely oblivious or just downright mean and hateful would pick this particular outfit to represent the U.S. I rarely pay attention to clothing choices but when it’s this garish and symbolic on a future “statesman,” it stands out as ominous indeed.

There has been only one time I think I have seen Michelle look nicely dress and that was on the view.
Im not sure who is helping her out on styling but I think she needs to find someone else.
Michelle isnt a glamorous by many standards, but I think with the right makeup and apparel she could be quite pretty.

Fool me once only. He lied and he isn’t trustworthy. For that reason he may have to act in a dictatorial fashion. He’ll have no option but to take over bank assets.

Witzend, Wall Street has already shown Obama plenty of luv

Yep, do the maximum allotment every year. It’s 20 grand they can use now to pay their mortgages or car payments or whatever. That’s much better than keeping it and having them watch the government grab it all after you are gone….

My aunt is a speech therapist in CA, has been for decades. I’ve tried to talk her into moving to a different state for years. She always says “but CA has the best teacher pension plan.”

good luck to her ever seeing much of that pension she has earned. She needs to just take what they will give her right now in a cash lump sum, IMHO. And then move to TX or somewhere solvent and use it to pay for a nice little house.

Did you hear Barky has a 51% approval, and hasn’t done not a damn thing. Oh wait he played hoops, gave a speech and took his daughters to school, but is not going to Hawaii to honor his Toot until December.

God gave us McCain Palin but we rejected what he gave us.

Did they really say they are going to have an inauguration WEEK? or are you just kidding?

Teakwoodkite, if you think the GO bonds are going a beggin’ how ’bout the revenue bonds? But you can’t blame Obama for all this despair, he’s a newbee. California: read Los Angeles County pays 37m every month just for immigrant health & food stamps, that doesn’t count education or incarceration & yet for both McCain & Obama the answer is more immigrants. I’ve met people from Africa who went to little missionary schools, some with dirt floors & scarce books, who spoke fluently in 3 or more languages & were highly proficient in math & had the queen’s manners to boot. Education in this country sucks because of a lack of discipline & an over abundance of political correctness, not because of a lack of money.

Fool me once. He lied and the markets know it. He is untrustworthy. He’ll have to do things by decree or force. No pleas or please will move anyone.

He is untrustworthy so the uncertainty remains.

Yep.

LD:

Last week there were rallys and then I heard that this week people that bought sold it off just before/around the election.
(Monday the markets remain essentially flat if memory serves me)

Now, some of the news you list must have been expected /known to the investors. So why the game: rally last week/sell off this week?

Is the finality and/or the outcome of the election a factor at all on these 2 days slumps?

Someone said today that if BO names his Sec of Treasury and economic advisors soon that might calm the markets. What do you think? Does it matter whether
the main choices are from WallStreet or not?

What’s your view of Larry Summers as returning to be Sec of State? I know he was w/WJC but he succeeded Robert Rubin after serving under Rubin for a while and after Rubin had put in place many of the measures and things were relatively well. What do you think?

Thanks.

I agree TeakwoodKite: we didn’t know but the major candidates, many in Congress (in specific committees) like Dodd & Frank and Pelosi and Reid & the Bush Adm. THEY KNEW this was coming for a while.

This teacher tells one her students that John McCain wants her father who is in Iraq to be there for 100 years…

http://www.youtube.com/watch?v=kDEAYgm0Dv8

Yet with all these things Obama is apparently planning a big 7 day INAGUARATION Celebration in DC.

And on the seventh day he rests, right?

Yep. Seven days. Like in the bible.

Andy, Robert Rubin???…HAW HAW, yeah he did a great job, unregulated derivatives, what a great idea for a ponzi scheme & then he went over to City & ran them into the ground…Grouchy gloomy Marvin Weiss was right about all these clowns, Greenspan, Rubin. Why would anyone ever want them back?

Mind you, I think that longer term rates will head higher first due to massive borrowing needs and an expected pickup in inflation. From there I think the Fed will be forced to increase short term rates. My time horizon for long term rates is throughout 2009 while short term rates will head higher after that.

Putting money into a short term CD right now is a good spot to wait and be patient.

In regard to peer to peer lending?

1. How well do you know the individual’s credit situation?

2. Will the borrower post collateral?

3. I am ALWAYS relauctant to do business with friends or family.

4. What rate and how do you determine that rate?

I view it as fairly high risk. I would be more inclined to do it with small sums across a divesified pool of borrowers. I would also want to knwo who the intermediary is. How reputable is the individual/group?

Lots of questions …

Andy….Markets never move in a straight line. During October we closed down 14% but be mindful we were down 24% at the lows. For short term traders who had actually established enough of a short base (got short the market)that provided some support.

We got a nice bounce off those lows but again the bounce was on relatively light volume.

We are down this week due to a number of reasons:

–more bad earnings reports
–Obama’s election and the size of the victory which will make him feel like he has a mandate…
–Congress solidly in Democratic control, although not filibuster proff…
–employment situation getting worse eevryday with more nad ore companies reporting layoffs…

Even if Obama announces appointments soon there is little that any individual can do. Be mindful the banking system still has hundreds of billions in embedded losses nad it will take time for the banks to generate revenues to write those lossess off. Jamie Dimon at JPM has told us all we need to know…that is, no economic turnaround until 2010.

Summers is credible as is Volcker, Buffett et al and any of these announcements may give the market a “bounce” but ultimately it i sall about the strenght of the economy and it is very weak and will be for a while despite all of the government support. In fact I think you could make the case that the market is “artificially” high because of these supports. What happens if and when the government wants the money back or wants to ease out of these companies.

DOn’t get overly focused on the day to day market movements…

Well the US gov has already started going after swiss bank accounts. If they get those the rest will fall in line.

Are you going to play the latest stock market game? I mean this is a real game with fake money to win real cash. Its at CNBC and starts the 17th.

The designer Rodriguez’s dresses start at $1000.00.

We all should buy some non hybrid seeds. I am serious here. You can still go online and find heirloom seeds or open pollinated.

I have spent hours upon countless hours building a library of medical herbs. How to grow them, what they are used for and how to process them. As well as purchased the seeds or plants.

If they open up a thread about being self sufficient I will post some links or information.

You make a very valid point. Here in Jax they tried to change the name of a school, because they said it was named after a KKK member. If he was that I do not know. What is know is he was a general in the Civil War. Blacks are using the same methods that Islam is using in Europe.

This petition is gaining signatures rapidly. We must try at least to stop Barack Obama from the presidency, soon it will be to late if it isn’t already.

Stop the Obama Constitutional Crisis
Sign the Petition : 78,264 Letters and Emails Sent So Far

http://www.rallycongress.com/constitutional-qualification/1244/

Yes, and Larry Summers was right there WITH Greenspan and Rubin in 1999, pushing Congress to de-regulate derivaties for the financial industry.

THAT choice gave us the fraud of Enron cooking their books, and Fannie Mae & Freddie Mac doing the same.

Larry Summers is NOT acceptable as Treasury Secretary. He was part of the problem.

Not only KNEW it but brought it about. It was a plan all along.

Do not forget his gym. The Secret Service took him to it today. Our tax dollars at work.

If he chooses Warren Buffet that will be like the fox guarding the hen house. In addition Buffet is great friends with Soros.

CAPITLSITS VOTE ON SOCIALISM WITH THEIR MONEY!!!

Dow down 486 pts. on Nov 5th. Dow down 443 pts today Nov. 6th, 900+ in two days since election. Who is going to give those poor people who voted for Obama a job now.

Capitalists “the rich” vote every day in the stock market with their money. This sell off after the election is a referendum on exactly what Obama has said about taxing the rich and implementing Socialist policies. They are saying back, “We have tried this crap before and if you don’t like us and our money, we can take it elsewhere!” Don’t be fooled, (again)!! I have watched MSM for the last 2 days come up with every reason other than Obama (as usual), for the sell off. There is plenty of evidence that points exactly to Obama.

FYI: This evening 5pm EST on CNBC: Dylan Rattigan, broadcasting from The Daughters of the American Revolution Hall in DC (in the area? stop by, its open to the public) his DEMAND for transparency. This ought to be good. My gut tells me Dylan lost a boodle on 10/10/08 & he’s angry & is trying to use his tv platform to insure some remedy is put in place. I think he’s trying to do something very important & I wish him well. He claims he’ll have thousands of people with him. We’ll see.

Thank you LD !!

Really? I didn’t know Buffet and Soros were friends… However, they don’t seem to share the same “philosophy” at least Buffett doesn’t seem to be at the extreme Soros is.. Don’t you think?