Friday, October 30, 2009
If you can't beat em, join em!
And if you're not short the financials, or short Goldman, or short Wells Fargo, or short Capital One, or short the bullsh*t from Treasury, or Bernanke, or Geither or the stimulus counting job hunters, or this Administration then this market could turn miserable for you.
Stocks are just commodities. Over the short term, it has very little bearing on what the economy is doing. But when the market smacks you around, you need to listen to it. Because if you're getting smacked around, you're on the wrong side--- you don't know how long, or how hard the selling can get.
When the market was ready to turn, it didn't matter what bearish story was floated. The market didn't cooperate. Now the bullish stories are spun, and the market doesn't cooperate for the bulls.
Especially when the HFT's and SLP's have been just playing hot potato with stocks. And especially when they see each other books--and see who is selling!
They see the order book of the selling. And they are front running the sellers!
And just like our Government has been playing hot potato with Government statistics, they have been playing hot potato with your stocks. And leaking that information to others.
You think that they don't know that? This selling speaks volumes.
Here's a perfect example. Go check out where our "stimulus" jobs are being created right here. Supposedly, 640,000 jobs have been saved by the $160 billion that has been spent.
What a bunch of croc.
Play with the website. You'll see it is one of the most inefficient and unwieldy websites that you have ever been on. And it hardly ever works.
Let's look at an example. Port St. Lucie, FL. Here's a contract that the Obama Administration said that gave the City of Port St. Lucie 36 jobs, in the Ardsley Storm Drainage Improvement.
Scroll over FL, then over Port St Lucie, and then see what this administration said. $24 million for 36 jobs.
And then, the press picks it up. 36 jobs! Here it is in the press:
And 36 construction and administrative jobs were retained for a Port St. Lucie drainage improvement project on Ardsley Drive.
What did the City of Port St. Lucie say?
Description of Project: The Ardsley Storm Drainage Improvements project....The City has been forced to lay off over 40 employees within the last year, the design, construction oversight and administrative reporting for this project will help to retain six city employees.
36 by Obama, 6 by the City of Port St. Lucie.
Now use that same math, and do that with the bank's earnings.
Is it any wonder they are selling?
Posted by Palmoni at 6:26 PM