13 March 2009

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.

09 March 2009

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.