Did U Think The Ponzi Scheme Would Last?

This Rally May Have Legs - Bespoke

A lot of people have been predicting a big rally off an oversold market, and so we have one. And the rally could get stronger before it dies out. But it is not clear thinking to believe that this is anything but a bear market rally as jobs continue to evaporate, housing continues to plummet, deflationary effects abound, commercial real estate is headed for a major tumble along with credit card debt.

Once enough hopeful sheeple pile into the market, the bottom will fall out again.

Five Laws That Government Should Pass

"There is sdefinitely an accountability issue that has been lost in this country."

The only missing accountability of import is the one regarding our currency. Return to honest money and all the other issues go away because the system would no longer allow "financial innovation" as exists today. Financial innovation really = accounting shell games. Fix this and everything else fixes itself because it cannot break in the first place.

"It really grates when I hear Barney Frank lecture the bank presidents when he is as culpable as they are for not enacting the laws and holding the regulators accountable. There should be mass firings."

This is just a show for the sheeple. They rape and pillage our financial system, and their punishment is a public tongue lashing. Were only it so easy for the common man. I agree with you-jail time is the only deterrent. The only problem is that we encourage cheating. Look at all the tax evaders in Obama's cabinet who were told to come clean if they wanted a big job. What a joke - anyone who evades like this should be barred from public service for having failed a basic fitness test of the job.

"A mistake can be worse than a crime and between our banks and investment houses, the Fed, elected members of Congress..."

This is where American's need to wake the Hell up. There are no mistakes being made. THEY DID IT ON PURPOSE because it was profitable for them. Stop treating them like hapless fools. These are some of the smartest guys on the planet when it comes to money. Their crime is that they had no problem blowing 5 billion of OPM if it meant that 5 million would stick to their dirty fingers. Do you really think Greenspan did not understand that he was blowing up the housing bubble? Puhlease!!!! THEY KNOW EXACTLY what they did. It was a criminal act wrapped in enough implausible deniability that they could escape prosecution because sheeple don't recognize a fraking CON JOB when they see it.

WAKE UP America. Stop being the patsy in this monetary Ponzi scheme.

Five Laws That Government Should Pass

Here are my 5 laws:
1) Abolish the Federal Reserve, fiat currency and fictional reserve lending. Before the Fed is disbanded, demand a full and detailed accounting including how much gold the USA really has on reserve. Return to some form of honest money, preferably based on commodities like gold and silver.

2) Abolish Keynesian thinking in the government. Return control of the markets to the markets. Allow failures to actually fail and thus stop competing with the winners.

3) Make politicians legally accountable (jail time) for gross negligence and corruption. Start by indicting Bush and Cheney and Greenspan. Set a good example here and we will have a much better behaved government for a very long time.

4) Jail time for CEOs who have lied to shareholders in material ways about the prospects for their business.

5) Demand a balanced budget at state and government levels. Disallow CA from handing out scrip for that is just another way of counterfeiting. If you can't pay your bills you must cut back on spending. The resources will eventually be redeployed productively. Gov't cannot mandate prosperity. All it can do is perturb the normal workings of the free market until a massive dislocation occurs. Excess gov't spending is a major cause of the problems we have.

The IBM Industrial Average

Desperate spammers on SA. Everyone is an expert now. This will end badly.

If Only Hope Were an Investment Strategy

I am constantly amazed when I hear that people are amazed about this economy tanking. Everyone knows the economy was juiced by low interest rates, a housing bubble, the yen carry trade and a variety of other financially manipulations from Greenspan et al. including repealing of Glass Steagal, money market sweeps to get around reserve rules (so that more leverage could be used), vendor financing of the US economy by China, use of artificial home equity as an ATM...

AND THE LIST GOES ON AND ON AND ON.

It is an incredible list of fake, unsustainable economic stimulus that is unmatched this century, and perhaps in all time. And now when the bubble has popped, people cannot grasp what the unwinding must mean to the stock market and to the economy. There is no fixing this, people. Bernanke (who we never even hear from anymore if you haven't noticed) can't fix it. Paulson (who is preparing to exit stage right if you haven't noticed) can't fix it. And Obama certainly can't fix it, in fact it is very likely he will make it worse with more unwise spending programs.

The market hasn't even started REALLY collapsing folks. Get used to it. The party is OVER. Did you REALLY think the Ponzi scheme would last forever? Really???

A Buy & Hold Forever Dividend Stock Portfolio

Yes let's talk about buy and hold going into a greater depression. Let's buy MMM which hasn't crashed YET but which will certainly crash soon because that's what happens when a credit bubble bursts.

Forget dividends until we hit bottom and then start picking through the survivors for a buy and hold portfolio.