Now you understand, Bing. Now you understand.

It’s called buy the rumor and sell the news.

Does that make you feel better?

No.

Ok, try this one, imagine what the market would have done if they had not passed the bill today.

It’s not my quote, I’ve heard it a few different places, and it summarizes the situation nicely.

Privatized Profits, Socialized Losses.

The new American way.

http://tradingcrude.blogspot.com/

Playing in a game without real money is just a game, Bottom line Wall street and the banks aren’t broke, America is Broke period.

Next week Congress and the House of Reps and the rest of the Big brains will be standing around trying to figure out why a corpse cannot walk and talk. Duh did anybody check his pulse before we gave him the heart transplant.

Joke of the week, What’s the difference between a bag lady and an American tax payer?

Ans:The bag lady has fewer debts. and a brighter future.

Of course they’re nuts, they were nuts even years ago when things were good. I’ve read some interesting interviews over the years with this guy http://www.catsg.com/aboutus.asp who makes a buck off counselling them. Apparently they are more likely to be alcoholics with anger issues, no hobbies, and dissociative personality disorders. And then we wonder?

Like most people, I sssooo want this to be over with and for things to settle down.

Interesting…like a Poke Game. That’s a creative way of putting it.

Well said, Bing.

I would like to comment on the anger you have mentioned in your prior posts, and possibly what you view as the selfishness of those who don’t see the connection between the jobs lost and the money lost by “Wall Street.”

I know for myself, I am very angry and did not want the bailout passed. I understand that it will cause difficulty for many – it would have caused difficulty for myself. I work at one of these financial institutions (not a trader!) and would most likely be out of a job. But I think I am willing to make that short(er) term sacrifice to see this country brought back to some kind of sanity, rather than more fake money tossed around to create the illusion of wealth and good times. I think many of “us” are coming around and saying, “Yes, I am willing to do more with less, in order to make sure this does not happen again.” Unfortunately, that option just went out the window.

Stan, the message seems to be that the $700 billion give away is a signed done deal.

The toreador conquered the bull, the fight is over, the crowd goes home. Was it all a show? Maybe?

Is there any difference in the economy, at the moment, between A.M. and P.M.? No.

The American dream is more like the impossible dream at the moment.

Ivan from Washington is smiling because he has his sights set on the paycheck the give away may have for him.

We, the citizens, must account to the U.S. Treasury by April 15, annually of how much we earned, what our expenses were, and swear under the rules of perjury, that our tax return is accurate.

What accounting do we, the citizens, get for the tab we are mandated to pay under penalty of the I.R.S. regulations?

They said the give away was more for Main Street than Wall Street.

When money was short in the big depression, the WWI Veterans marched on the Capitol for a bonus for fighting the big war.

Since Reagan, trickle down economics has been in vogue, how much do you think will trickle to Main Street? How many more street people do you think will result?

The beat goes on and the beat goes on.

To see photos of The Speaker of the House and assorted other bi-partisan Congressional “leaders” with big grins on their faces after plunging us into a trillion dollars’ new debt is a repulsive sight. They should all be under arrest for criminal negligence. They should hang their heads in shame.

Wall Street was so jubilant after passage of the bill that the Dow took another nosedive. So much for a solution to the problem.

Regardless of political persuasion, we must all recognize that we are now living in a “New & Improved” USA. Money problems are resolved by throwing tons of worthless dollars onto the fire, hoping to smother the flames, and with plenty of gimmees added to this “urgent” legislation.

If we are truly standing on the precipice, about to fall, how will this sickening government interference and assumption of powers not found anywhere in the Constitution prevent our demise? If we were so desperate to make this move, if the word economy was in the balance, what happens now?

Are we saved?

What’s the plan, other than to watch the Treasury Secretary (who is among those culpable for this mess) dole out billions to…whom?

Keep an eye on the Dollar and on Inflation. And, oh yes, the Presidential Race, which has pretty much lost any semblance of a contest of ideas. Public Relations and advertising rule the day. Sanity is on holiday.

As citizens, we have a great deal of work to do. Roll up your sleeves.

You got that right Bing! It’s a big crazy poker game. They gamble, we watch. They risk, we pray. They’re out, we’re in…picking up the tab. Oh I almost forgot. The win, it doesn’t matter, we lose the same.

The Mayans were right. Some time in 2012 it all comes to an end. As for me it’s large quantities of pizza, beer and big beautiful Maduros.

People, stop being losers.

I see no purpose on blaming others for your lack of financial savvy. Real money getters know how to make a buck whether the market is up, down, or sideways.

Your abundance of jealousy and lack of financial intelligence is your only liability in life. There is no politician, Wall Street analyst, corporation, or anything else that should stop you from getting money. There is still a ton of money to be made out here. Stop blogging and start studying what is happening in the world.

The money is out there. What are you doing to get it?

Stan, I’m trying to be lucid and reasonable, but looking at the pre market numbers, what in this creation is happening?

I know we must give the give away a shot at the pathetic financials markets, but the dominoes keep falling!

I tend to feel that our experimental atom smashers created a black hole at the end of the rainbow.

California and Massachusetts seem to be two dominoes in the pack.

They keep feeding the financials down that proverbial rainbow slide.

Oddly enough, I think that French president Sarkozy got it right when he talked about returning to a capitalism of entrepreneurs, instead of a capitalism of speculators. Wall Street has been nothing but a gambling casino for a whle now. Time to return it to being truly about investing. Until that happens, it would be wise to find somewhere else to put one’s money, and not to play the rigged games.

The market is always right. It’s often crazy, often misguided, but it is always right, because it cannot be anything else. This is because a thing is only worth what someone will pay for it, and nothing more.

The poker game is not the market. The poker game is the people trying to convince other people as to which way the market will move.

That’s why it’s best to simply play one’s own hand.