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Market going to test the lows again, bearish GOOG

With some people just not understanding why things could be better with compromise I believe the stock market will crash.  The key to my hope and change to optimisism was the market appeared to be getting it that we are all in it together.   Bill Gates being progressive trying to help the impoverished.  The house introduced a bill to restate the governments responsibility to everyone.   It hasn’t been passed yet.  The can’t move forward if people think the goal is to try and get over on one another. 

The rate cut could make a difference if people have faith in the value of a lower interest rate to banks.  Not sure it will work yet.  Customers may not be as quick as they were last time to go for lower rates.  So the one week effect of rate cuts boosting stock prices as seen in the past may or may not show up.

The smart ass comments back in the mix from CNBC reporters about pure capitalism is the answer and always has been is very concerning.  The world again realizes these guys’ don’t get it and might just never get it.  Until they do get it.   I am staying bearish.  An additional rate cut should make things interesting; but, when used as a tool to get over on people can’t possible be the answer.

  I like a shorts position in GOOG especially http://biz.yahoo.com/cnbc/080125/22841725.html?.v=1   I think Google has very specific to google problems pitching ads for mostly crap, and competition is coming quick.  I have just added the kitchen sink to this trade.  Also shorted BJS an oil servicer with 70% of it operations in the U.S because the United states is running out of oil, and oil should be peaking with Solar stocks taking the lead.  Dubai’s 15 billion dollar emission neutral city could be a sign oil has peaked.  OIH, GRMN, QQQQ, XLF, MSFT, MRK, XL also look like tempting shorts. 

Entertainment purposes only

January 25, 2008 - Posted by | Uncategorized | , , , , , , , , , , , , , ,

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