Wednesday, December 10, 2008

Wednesday Financial Hump Day Report! 

Once again.

The shyest commodities broker you ever met, Angry Sam!

Neo Communist  Convert Angry Sam Owen says; NATIONALIZE EVERYTHING!!!

You just created a quadrillion dollars worth of phony assets?
Let us help you.

Can't pay your mortgage?
Let us help you.

Your companies products not selling?
Let us help you.

No job?
Let us help you.

No food?

No money?
Let us help you.

Don't worry we have plenty.

We're from the government and we're here to help you.

Washington doesn't have money in hand for any of these proposals. Every penny would be borrowed. Estimates for what the government is willing to spend on bailouts and stimulus efforts for this year reach as much as $7.7 trillion, a full half of the United States' yearly economic output.

"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly, and applying the wrong remedies." - Groucho Marx
Holy shit, hang around with "liberal Progressives" for a while and next thing you know, you're quoting Marx

Looks like we're "Doin' The Dead Cat Bounce"

Stocks rally worldwide. The Dow is at a one month high. Steel, construction equipment, commodities even GM and Ford have surged ahead!

Has Superbama saved the day? Are we out of the woods now?

Everyone is doin' the wave.

Unfortunately it's the Elliot Wave. That's the principle that defines the drive in investor psychology or (crowd psychology) from optimism to pessimism and back again.

6 months after the 1929 crash the Dow was back in positive territory but then proceeded to slide over 89% during the next 18 months.

FDR declared "Happy Days Are Here Again" with a wave of his fedora and criminalization of gold ownership.

"The media and politicians constantly stated the worst was over right from the time of the Wall Street crash itself all the way to the bottom and constantly saying that the economy would soon be like the Roaring 20s again, but sadly they were mistaken as it was only the beginning of the Great Depression."

Investment tip o' the day-
Buy Metals. Specifically lead (high caliber steel jacketed in brass casings).

 - Angry Sam