Insult to intelligence

I would like to make one point this weekend as many of you know I have been totally annoyed lately of these idiot people TWISTING the facts into pretzels and then spit them out as reality! As I've said, the IDIOTIC bill that they passed today had NOTHING to do with the market going up or down! NOTHING, NADA, NUNCA, ZIPPO! It is insulting to our intelligence to ram that down our throats as a fear mongering way to try to sway people to vote for it! The stock market is going MUCH MUCH lower, it doesn't matter what bill they pass unless they pass one where the government really decides to nationalize the ENTIRE market! That's what they should do, just pay 3 X's the share price of each stock that it'll go up! Otherwise it's NONSENSE! This was the biggest CON EVER! In the history of this country there has never been such an out and out CON JOB!
So, ok, since even congress was saying "see, if we vote no the market will go down!" and since they passed this LUDICROUS bill, then when do they come out and say "oh, gee, we passed it and the market is at MULTI YEAR LOWS anyway! So, they passed it and the market went DOWN! Frankly, its absolutely stuptifying to me that we elect people who are this ridiculously ridiculous! This bill does NOTHING for main street - NOTHING. They keep billing it as such, but its a LIE. A complete and utter LIE! Period, end of story. It doesn't create any jobs, it doesn't create a SINGLE job! Not one, unless you count some rich dudes who use this to make themselves even richer. It's sickening, truly sickening.

I'm very opinionated but I am here to help people with the markets and as such, not to tear into anyone but this impacts us ALL and we're ALL in this together. You may or may not agree with my arguments but the facts speak for themselves. The notion that this was going to solve the problems that the very people who proposed this DUMB bill helped create was and is and remains utterly ridiculous. Now, you know my obligatory thought - I HOPE I'M WRONG! I really do. I do not want to be right about this stuff, please please, let the market go up 2500 pts from here! Let this bill work and free up the credit markets! The problem is, I think that's hoping against reality here folks. In my opinion, the only thing that's REALLY happening (the rest is HOPE) is that the people who created these issues, these monster problems are being BAILED OUT! That's it,folks. That's reality. Mark to market, buying WORTHLESS distressed assets, and trust me, they are WORTHLESS, what and whom does it help? You? Me? Our families? Nope, not at all. This notion that these assets have much if ANY value is absurd.
Anyone see Bill Gross thursday on CNBC? He spun a pretty different tune today about these assets. Up til now the party line has been that the government doing this was going to create MORE value for them. That's HOGWASH. It's nonsense, and now these people are saying it, now that this IDIOTIC socialistic and downright ATROCIOUS bill has passed you'll see people say "oh, well, I never said it would work! BUT, we had to do something!"
This is a travesty and it makes me sick. I am sure the forefathers of our country are rolling over in their graves, watching the belief systems that we were founded on and that they fought for, are being decimated by rash judgement, and an out and out SCAMMING of the American people. Now, look, the market will bounce, and when it does it'll bounce heavily and then they will all say "we've bottomed" and I will continue to tell you all that it hasn't, that we are headed MUCH MUCH lower and that if you wish to survive this market and this economic disaster, you must be cash rich and pick your spots.
This bill is a travesty for democracy and the abuse that was heaped upon us to get it passed is, at least in my lifetime, unprecedented. And, the pom poms that were out leading up to this, what do they say now? Now that the market didn't just rally, now that we are sitting at multi-year lows? Now that we watched the AG sector get completely destroyed. Now what? Watch the solars, they are next to go, and the financials that have been so strong, they sold off on the news. Again, its unlikely we won't get a HUGE rally soon, we're vastly oversold, but as I've been saying, the market remains VASTLY VASTLY VASTLY overvalued and thus any rally should and must be sold into.

Sorry to rant on folks but I was just went to Sam's clubs and Walmart for my shopping I had to vent because what i saw was very disheartening. A large bottle of vegetable oil cost $30 which I was buying for $13 last year this time ( Anyone know why Oil we cook with is so high now??? I can but that's another rant for another day). Secondly while in Walmart we heard the workers talking about layoffs coming there. GEEZ- tell me how this bill and most importantly the politicians are helping the regular guy tell me? what has your politician done for you lately???? Tell me please. If nothing then stop the whole political partisan crap that is destroying this Nation and making it be a society of the haves and the have not. People are suffering out there and we are making the wealthy more wealthy is just crazy.



Have a great weekend.



MARKETJEDI