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.

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.

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/

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.

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…

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 …