Time out for Obama

Well before we talk about where the market may be going I just have to talk about Pres O for a sec. I read this am that he said he couldn't bowl and he was like the special olympics. I thought it was rather funny...something I would say.

But now all the people are making a big deal about it...like he offended the world on purpose. Give me a break. All these people are so screwed up in the head to make a big deal about nothing. This whole world is so messed up.
So for all the people who think the big O said something really bad...

STICK IT UP YOUR FUCKING ASSHOLE

Rally?

So what is this I see? The stock market actually went up? Yes...this is not a mistake nor a misprint. The market actually went up. First time in...well.... a long time. So. What does it mean? Well it means your portfolio went up a little and up is good. We are now where we were 2 weeks ago so getting super excited is not realistic.

What realistic is what this rally is showing...which is different than most of the other rallies over the last 12 months or so.

Next time...how this rally is different....what 3 things may occur...and what is leading the market up--which may surprise you.

CDS

Well if you haven't already looked up CDS's.....they stand for Credit Default Swaps. These made up imaginary unregulated "things" that almost brought down our financial system. And it did make a lot of people an awful lot of money. And it it bankrupt a lot of companies. And it has cost taxpayers about $2 trillion so far that we will never see again.

So how do you like your tax money to go for that? Cool huh?

Fuck them all.

CDS

CDS---Know what that is? I'll tell you. It is one of the major causes of the breakdown of the worlds financial system. It probably is the major cause of AIG going under...of Lehman going under...of Bear Stearns going under....of Merrill Lynch almost going under....Of Wachovia almost going under....of GE now at $6 a share....of Berkshire losing 60% of its value.

It all started 10 years ago....a "thing" made up by JP Morgan Chase...a fucking bank...with no regulation....no oversite...and now we are all paying for it.

Now there are $47 trillion worth of them out there and the people who own them make more money by wanting and forcing the companies to go bankrupt. Way to go fuckers!!!

Tomorrow we will talk about CDS's.

New Lows

Well another week is gone and the markets have hit another new multi-year low. Somewhere between 12-13 years. That my friends is a long time. In fact, for every 10 year rolling period in the stock market....in the history of the market....like in forever....the last 10 years has been the worse ever in history. The average return for the last 10 years is (-2.5%) per year.... for the last 10 years.

YIKES!!!!

OUCH!!!!

MAMA!!!!

HURT ME!!!!!

Time for a t-sunrise and some mellow music. The weekend is here and the market is closed.

See you Mary.

Obama says to buy

So Pres Obama says to buy stocks. Well you know what I think about that?

Fuck You Obama. You don't what the hell you're talking about.

On a technical basis there is no bottom set in the market. It can and probably will go lower. But what the hell do you know. You spend money we don't have. You allow 8000 earmarks in a bill when you said you wouldn't allow any. In a few years inflation will become rampant. You are socializing our country to no end. You allow tax cheaters to run our country. And I could go on and on..but I won't.

SO FUCK YOU

Maybe tomorrow we will talk about technicals...unless something else comes to my mind.

A thought

I was thinking last night and thought about how the markets have changed. How the dynamics have changed this last year. The largest investment banks are gone. Goldman Sacs is gone...now a regular bank. Lehman Bros. is gone...bankrupt. Morgan Stanley is gone....now a bank. Merrill Lynch is gone...if it hadn't been bought out at a couple dollars a share it too would have been bankrupt. Wachovia is gone..if it hadn't been bought out for a couple dollars a share it would have been bankrupt. Citibank Bank got rid of Smith Barney or it would have been bankrupt..it still may go under. AIG....forget them. And the one that started it all...Bear Stearns...gone and bankrupt and taken over.

Absolutely amazing...how the landscape has changed. How the world has changed. All this started because of the subprime loans and leveraging and derivatives. In a nutshell I guess.

And the most amazing thing? We're still in a fucking war and everyone seems to have forgotten about that.

Maybe more about the portfolio tomorrow.