With billions being spent (wasted) on futile attempts to prop up the credit market, I think they may be running out of powder. http://globaleconomicanalysis.blogspot.com/2008/04/fed-is-terrified.html Mish has been in the deflation camp for some time. The more of his work I read the more I think he's correct.
Feds and Treasury department never run out of cash or dollar bills. You know Henry Paulson signs your $5 bills, just pull one out of your wallet and see his signatures, I mean a recent one. These people own the Casino, they are the house, the owners and you are just allowed to come in and place your bets. If you get out of line they will boot you. SPOOZ will stop on a dime at 1270. They will hijack and manipulated the game, however unfair that might be to you, but they won't let your destroy US financial markets. Read my original post and how all these agencies work in concert. The PLUNGE POTECTION TEAM is like US financial Navy Seals, you can't pick a fight with those guys, are you some kind of a blazing idiot?
Thank you very much for your viewpoint. The problem is these knuckleheads are not at my level and profession. The scalp and day trade and run to the hills. They make few bucks just enough to buy Jim Beam and roll in their pukes on a Saturday night. Occasional they get a red lipstick hooker and she also rolls with them in their combined puke orgy. I should not be reasoning with them and you are right.
Your level? I get the impression that you, as an investor, are the guy who buys the top. You ever think that maybe, just maybe, a trader might be the guy on the other side of the trade when you want to exit your long? But I guess you never want to exit. Reading your posts indicate a stock should never go down. Just for the record, on Friday, my single long investment (and my last) took yet another beating, and yes, it is currently heavily shorted. I am not crying about it. I believe in the company. The shorts will cover at some point, and when they do, the stock will move up nicely. In my other account, I intra-day shorted the down moves, covered and scalped the long bounces, and shorted again. Bet that drives you mad. I made money doing that all day, just enough to cover my sorry ass investment. You will never beat the game as long as you think it is a one way street. You might want to reevaluate your buy and hold strategy, as those days may be gone for good. Never too late to start trading. You're in the right forum. Why don't you try trading instead of beating on the ET traders all day? Shit, you might make a buck and like it. Best part about trading: Hope is not in the equation. Lying CEO's are not a factor. You don't need the fed or the pundits to pump your stock. Earnings? Who cares? It's warm in here. Purely technical. Come in out of the cold, or do you just like being miserable?
At this very moment, the Rebel Alliance has entered a vulnerable thermal exhaust port and is deep within the bowels of the Death Star and taking aim at the reactor....the Empire is in trouble.