Bears hibernate right? I'm getting to be like a big bear. As in bear market. We've been telling you about all the foolish things this administration has been doing to "fix" things with this crisis. And much like in little league these days where "nobody loses and everyone gets a trophy", the gang in D.C. has decided to act that way towards the economy. Unless of course, you are rich. But what they don't figure out is that small business owners, the "rich" guys, don't hire people when they are taxed to death. And they move to Florida or Arizona and throw their hands up and say "ah I've had enough". So lets go get the rich man some more. and see what happens with unemployment. At the end of the day, the rich man ain't so bad but you would never hear the current administration say that, unless of course they were talking about "communists" like Soros or someone from Hollywood.
Well guess what? The central bank of India just made the biggest purchase of gold for them in over 30 years. 200 metric tons. Now if you went to the regular assclowns in D.C. with that info they'd probably look at you with that arrogant look and say, "so what?" And that's my point. So what? I'll tell you what. I'm happy. Cause I'm going to make (another) killing on this stock market going down. And I'm gonna laugh while everybody complains on these talk shows about what should be done. You wanna know what should be done? Cut taxes. Not raise them. CUT spending. Not raise it. But I'm at the point where I know that aint gonna happen anytime soon. And you can now expect other central banks to sell their dollar assets and buy gold and other commodities too. And I will be on their side of that trade.
It looks like tomorrow our magical charts will give the sell signal on some real nifty stocks. You'll be the first to know. Then I will take my nap. And probably not come out until winter is over. I'm done with the debates on how to fix things. But I will sell things (like stocks) and smile when I make a fortune. No more time for talking. Only time for action and there is no better way then to vote (oh, happy election day!) with your wallet. Now who's comin with me?
Speaking of elections, me thinks that A LOT of people went to the voting both and sent a very nice message that this nonsense that is currently going on is going to stop. Wait until mid-term elections, ass-clowns!!!!
Posted by: mike | November 04, 2009 at 05:27 AM
divvy,
oh GE is on the list pally.
Posted by: richie | November 03, 2009 at 04:05 PM
may i suggest GE at the top of your short list ? they in no hurry to repay TARP and as this ZH analysis points out today ( http://www.zerohedge.com/article/ges-19-billion-and-increasing-toxic-asset-sink-hole ) their Level III asset problem seems to keep growing .
Posted by: divvytrader | November 03, 2009 at 03:40 PM