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I've been away for a while but I just couldn't resist this one. All the bashing of Bush and Bernanke,but they still dealt the short boys a major wedgie! There is a place for shorting the market as it in effect hopefully shortens the life of a mismanaged companies or any company already doomed. When you start controlling the market your going to far. And Im not talking 10 or 20 shares. When you short or dump enough of a companys stock to rock the company it shouldnt be allowed. Remember manipulation!
Is this a bottom or just Bush and Bernanke shafting the shorts one more time for old times sake.Oil and all the commodities and last week the markets were down near 50%. In my opinion as I have said most of this year the commodities and the markets have been minipulated.in this election year. Oil as I said all year was being manipulated as there was never any shortage and oil consumption has dropped for most of the year. And all these oil traders and the media kept saying supply and demand. B.S. Now the market is flooded and gas is dropping as it should. Then all the grains started shooting up in price. Supply and demand. Then do you remember the rice shortage and the price of rice skyrocketing. But the media and the traders got caught in this lie. The next day Thailand and a couple of other Asian countries got pissed and told the press they had enough rice to feed the world a while. And what irked me on the rice was Sams and some of the other clubs started rationing rice. The first time the US has rationed anything since WWII.
The market has reacted much worse than it should have with the current market conditions. We still have a much better situation in our economy than we did in Carters recession. Go back and look at Carters recession and these conditions look like paradise. All of us have talked of the CFs and Pots. These companies have great earnings and people will always have to eat. But,these companies would get knocked down 15 or 20% in 2 or 3 days and then jump right back up 15 or 20%. I cant see any legitimate reason for these companies as stable as they are girating as they have in price.
So,I think with drop in oil and the other commodities will be a great help for the economy. The worldwide push to shore up the banks apparently was well received. I told everyone here a few weeks ago I bought calls on some tech. companies and they were up real nice. The best pick was Cisco,up over 2 points.today.
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