the house is liquid.
check out the big bad breakout on Citigroup. ugh, shudnt have sold that!
the fundamentals of this recovery are bad. i dont see how u can argue it any other way? the institutions that brought the country to its knees last october are the big winners in all of this. Goldman Sachs, JP Morgan, right down to Fannie and Freddie. who wont the govt bailout? CIT.........thats becuase they secure most the loans for 90% of the country. you know, the average guy. if that blows up, and since its a buck 40.........its done! thats real bad for the average american!
still not 1 new job created. jobs still being shedded. revolving debt going higher and higher with insanity like cash for clunkers and first time home buyer credits.
southpark did an episode last yr, that i thought cud have been funny, but i didnt think it was very funny, at first. it was about the economic crisis......long story short. stan gets a credit card and put everyones debt onto his credit card. so he ate all the debt and people started shopping again. maybe bush and paulson were super baked, and watched that and thought "thats a great idea" becuase i swear to god thats what theyve done. and barry didnt CHANGE a thing!
there needs to be an unwinding of debt. but we are adding more, to get the economy going. it worked in 2003, but look at the recoil? if this rally really lasts for more than a yr, can u imagine the next recoil?
i bought some pig flu back after whoring it out premarket on tuesday around 5.
i nibbled on some silver today at 13.85. just for a mark. i want it below 13 to add size.
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