Crazy morning again

we have lost 20 S&P POINTS IN JUST 40 MINUTES with the EU news and the market is not even open yet. Crazy - Just too crazy for me

Layoffs

so Citibank announced layoffs yesterday and today BAC starts their 30k layoff process, so if the banks are so much in a better state and the unemployment now down to 8.6% why are we having this news?? It is all garbage!!! Last week I read that the FED secretly loaned big banks the same banks that got 700 million TARP money over 7.7 TRILLION of funds at zero percentage after. Now just think about it the public almost over threw the politicians for passing the TARP giving 700 million but the FED loaned over 10 TIMES that amount after the distribution of TARP funds, AMAZING how no one thinks the FED doesn't run the state of the economy. The FED is the most powerful institution in the world and I will continue to say that. In the meantime I think banks will get smaller because their is just not enough risk out there for them to make super abnormal profits like once upon a time, why do you think they want to charge $5 a month for debit cards. It is obvious the banks are struggling to make money especially the investment banks just not enough to spread out these days..... If it is tough for the banks what about the rest of us!!!!

Downgrades

S&P Put Europe's AAA Countries (Germany, France, Holland, Austria And Luxembourg) On "Creditwatch Negative"

MOnday

volatility has being sucked out for the market right now. Can't fight the trend and the breadth here but boy oh boy do we look boring

Really

unemployment rate now 8.6% really!!!! Another new way to calculate the number and we get a lower reading is NOT real- The fabrication continues

This is HUGE

So folks the reason why their was a coordinated effort by central banks overnight was because a big European bank failed. This is trouble because why we are led to believe everything is fine we are actually crumbling. Something deep and big is brewing and 2012 will be the year the powers that be can't keep it up and we sell off hard. Remember I have a multi year cycle low coming late next year into 2013, that is something to really watch out for could be a real shocker but a great buy and hold when it happens

WOW

I guess the banks were on the brink again - for this intervention to come as a join effort is amazing. Hard to trade with this news driven stuff