OK Folks

Ok folks the talking heads claim we are out of the woods but this morning GE, BAC, Haliburton and Sony had much weaker earnings. So I ask where is the recovery???
Bank of America I knew without doing any work they were going to miss earnings why, because I saw a headline earlier this week that they were going to charge yearly fees on their credit cards. That showed me if they needed to do such, definitely meant they would have unexpected weaker earnings in some parts of their business. Now one very very important thing I heard this morning with the GE earnings was that GE will be covering it financial arm losses for 5 years instead of the 3 years previously announced. Now what does that means? means they think the financial segment of their business is much weaker that previously analyzed, simple.
Now where does that leave us. I fear that the FED will be in our business for a longer time with these 2 financial giants showing weakness on their books but then we ask the question for how long and can the FED keep us low on interest rates without causing another bubble somewhere else. I dont know but what I know is that this system of the FED will continually cause bubbles and bust till be get rid of it.

Mattel the toy maker showed sales decline and any idiots can see christmas will not be good for the retailers again.
I have alot I could comment on with the FED etc but I dont want to get hate mail like I did once so I will keep my opinions to myself.

Have a great weekend.

MARKETJEDI