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Market trading up nicely, lol

The market has continued to sell off rallies as of late.  Is this time different?  Is the market a forward looking indicator seeing a brighter future? To dat the market has set lower lows…I think it’s a stock pickers market, and values of different assets need to be adjusted.    Lets see if the rally continues late in the day or fails.   I think stocks are over valued because of  buy outs, and people paying too much for earnings.   I thinnk sustainability and responsibility would be better served if stocks trade lower from here.  The system needs to make adjustments that are best taken care of in a recession.    Bond holders should get paid corporate assets sooner than latter if I am right.  The math has to make sense. Math can not be manipulated.

I am short COF (more than I should be) and long CFC, BA.    I added to my short as the market traded higher on COF.  The company is issuing new credit to grow credit base as people’s deliquencies increase and long term prospects are challenged.  This sure is a competive market with things being repriced every day.   Google after hours I hope will send the market lower; but, some people are buying the calls.  Too much violence in the world, and dishonesty for markets to trade higher in my opinion.   I am hoping foreign investors will sell.  Jobless claims reach post Katrina levels – http://www.seekingalpha.com/article/62506-jobless-claims-reach-post-katrina-levels.    The military is unprepared for a military strike, and their all standing in one place.  We need to start building military bases here, and bring security to all corners of the United States.  BA should do well in any environment.  The world will want lots of carbon fiber plaines  787’s scheduled deliveries starting in 2009.   Government needs to fill the populations needs beyond what business is capable of doing in Bill Gross’s mind.   http://seekingalpha.com/article/62070-bill-gross-stimulate-government-spending-not-consumption need to meet the needs of people around the world. Take a look how bad things could get http://www.populationinstitute.org/newsroom/population-news/?id=82   Government needs to get creative to fix this big debt, reduce environmental damage, and create a positive environment for people to live in.  I think voluntary estate planning to collect death benefits early, and not disruptively to reconcile debts would be very helpful.  Also, government taking small percentage stakes in large corporations to be able to reduce tax rates would also stimulate real growth.  Simple minimum standards of people are not being met around the world.  This makes it more diffucult for people to be comfortable.   Transaction numbers are decreasing.   

Kramer was overly bullish last night. http://madmoneyrecap.com/daily_recap_openingsegment_013008.htm   Cramer see this as bull market.  The two of us are very Bi-polar so we will have to see what he say’s tonight.   Not buying it.  Market said the market is going higher and this was a great buying opportunity.  Cramer talked about a lot of money moving out of bonds or choosing to invest large sums of cash in stocks.  He likes just about anything he was bearish on from his perspective.  I need to see some more hard work from congress , the senate, and the world before I change my opinion.  Too many problems out there for a recession not to be entered.  I don’t mind if I am wrong.  Interest rates have been cut twice to a Federal funds rate of 3%.  We have a chance to choose a new president, and signs of hope in Iraq.  Lets start talking about world goals, and peace.  Then take action, and stocks can be sustainable.  Sustainability is a better word choice for stable stock prices. 

Enertainment purposes only

January 31, 2008 - Posted by | American Politics and Policy Ideas | , , ,

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