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Saturday, February 28, 2009

Day trading, accelerated declines and the dollar.

Tested the floor 738.50 and we closed underneath. This really isn't capitulatory volume. Would expect to see the volume to increase to at least 3 million shares.

We have lower highs and lower lows coming on.
News is not the best.

Universal Health care is a benefit bestowed upon a nations citizens when the economic environment is good.

The first two nails in the economic coffin of Real Estate and Banking (including financials) have already been driven in firmly. If we add to that Universal Health Care, Bonds, Insurance and Financial Derivatives, this year looks like it could drive our recession further.

How long will the Dollar hold and Deflation work to our benefit? This is the point of accelerated declines in the market.



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Communism and socialism are jealous of the US

Nationalization, funny how the communists, socialists and the rest of the worlds capitalistic bad guys are critisized for controlling their markets and exploiting their citizens. Shame on them.
It is intresting to take a look at this bear market compred to the previous. Not that past performance is indicitave of future performance….especially when there is social unrest and an inability to have good safe borders. We all know the Canadian side is fine.







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Day trading S&P 500 and Citi bank not nationalized, majority ruled

Citibank 1.6 billion Shares traded. This is a capitulation, the death throw of a corporation.



Well, we aren’t going to nationalize it but the Treasury will take 75% stake in Citibank knocking the investors value out the window.
Taking common equity. This basically gives us a value of 0 for the common stock. Preffered stock has no dividends, it is over.

Old Soviet Union is jealous.




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