Repsonsible Citizen

Weaker than Expected GDP

I wonder ? GDP - 6% non demand for Nat Gas or Oil , Housing still falling ,, unemployment still rising Who would Invest THEIR Own Money in this economy , probably Nobody , so I figure its money managers and hedge funds driving stocks Up , after all they Get paid Fees on Action NOT on results. So they'll just keep buying till they figure this little partys over then sell like Crazy and get paid MORE Fees on the way down . What a racket !!

Is Dendreon a $360 Stock - Or Is That Too Low?

ROFLMAO , this is the 2nd Time in Three Years this BS was put out ! Stock quadruples in a hour then Crashes 2 weeks later . Theres a Sucker Born every minute . I bought mine at $6 Sold a week later for $21. When will people do there home work ???

Will Bondholders Reject GM's Offer?

Goldman Sacs Got $180 BILLION in US Tax dollars , they got paid 100% on All There Bad CDSs through the AIG bailout so now there in Great shape , hell so would any Company that got $180 Billion of FREE Tax Dollars , GoldMans basically would be INSOLVENT if You take away that $180 Bilion !
Dilan Radigan of CNBC Lost his Job when he promised to EXPOSE this TAXPAYER Rippoff last month .
This sure isnt the CHANGE we voted for Last November !

Mr. Roubini, Please Take a Seat

the only thing thats changed is the Bank Accounting Rules NOW they can NOT count there Bad loans and Worthless CDSs and Just count current profits , which a 1/1000 of the Bad loans and Cds s they own. But The Gov is ignoring that , They Wont let the banks fail , course before its over the Gov wil own 90% of them . But Hey its Taxpayer money so who CARES !! I sold Stocksa almost 2 years ago and Loaded Up On GOLD , and Im sure Glad I did :)

Stress Test Turns into a Snooze

The Stress Tests were Non sense , a red hering thats all. , the Banks are still Insolvent if they hadnt changed the Mark to market rules last month . Some banks are now marking that next to worthless paper including CDSs at 100% value . Its like If You borrowed $1000 to Uncle Billy 2 years ago and hes repaid You $50 so far , but You count that $950 he owes You on Your family Balance sheet at $950? Problem is Uncle Billy is 68 drinks like a fish , smokes like a chimmy and has no life insurance and lives with your brother who is broke . Would YOU REALLY Expect to get that $950 All Back ?? Well thats what then Banks want us to believe that all those Bad loans and Worthless CDSs Will Some How pay off . Mean while there Selling there shares as fast as is allowed . Ya its enough to want to make You buy GOLD ,, lol

Uncertainty Over Bank Stress

GoldMan,, Give back the $180 Billion You got from the AIG bail out !!

Major Buy Signal Now Flashing for Gold Stocks

Best Gold Stock Value --- AUY .
hands down

What If the Stress Test is Just the Opening Act

For me its SIMPLE ,, GOLDMAN got $180 BILLION Tax Dollars through the back door of the AIG Bailout . To Pay Off GOLDMAN at 100% on their BAD CDS s
NOBODY ELSE GOT Paid on them most lost 99% . GoldMan OWES the US Goverment $180 Billion , Maybe with the NEW TARP FRAUD Investagations it will finally be made Public and GOLDMAN will have to PAY Back that $180 BILLION !

BofA's Lewis Confirms: Government Coerced the Merrill Deal

For me its SIMPLE ,, GOLDMAN got $180 BILLION Tax Dollars through the back door of the AIG Bailout . To Pay Off GOLDMAN at 100% on their BAD CDS s
NOBODY ELSE GOT Paid on them most lost 99% . GoldMan OWES the US Goverment $180 Billion , Maybe with the NEW TARP FRAUD Investagations it will finally be made Public and GOLDMAN will have to PAY Back that $180 BILLION !

Krugman's Wrong: U.S. Credit Problems Aren't Similar to Ireland's

You Miss the point Americans are deep in debt , many have had there credit lines cut down or shut off . Most unemployed Americans have NO jobs to go back too . Theres apx 150K Young people coming into the job market every month , were do they finfd work ?? There will be NO REAL recovery any time soon , were years away if ever from those Good Green jobs OBAMA keeps refering to. And then there may only be a few hundred thousand created NOT the Millions OBAMA Claims. The Gurus argue about so many abstract things its much more simple America will NEVER return to the Glory Days of the 90s its time to face reality , but like the Millions of Americans who still havent opened there 401k statements in a year , Our leaders are Terrified to Tell Americans the truth , which is were a Bankrupt Nation that owes Trillions to other countries and Trillions More to Our retirees in Medicade and SS which we will NEVER Pay On . The future is bleak but then again we're ALL Dead in The End anyway .

Global Shipping Industry Sees Long Duration Economic Recession

Yes American consumerism will reset , NOT because people are getting more frugal NOT this Generation No its because they won't have the Plastic to whip out when they see something they WANT , also the Refi Boom will be short lived only 1 in 3 who applies will get a refi loan and thats among those with people 750 +Credit scores , the rest need not apply , got that little tid bit from a Good friend who owns a small bank . The banks DON't Want to Loan out money at 5 % for 30 years on real estate with all the forclosures out there that will keep prices depressed or falling for years and also with inflation looming a year or so from now .And with 600K people losing jobs a month this rescession could be long and deep . So Hold On to Your money , and pray . The Banks wont help You .

More on Gold Sentiment and Gold's Relative Picture

Glad I own some Gold on days like this :)

Weekly ETF Rewind: 'Bearish' Mechanical Signal Intact

Well now we will have Smart Grid , this is the same kind of NON SENSE they promised with Cold Fusion works in the Lab sometimes but doesnt transfer to REAL LIFE Applications ! OF Course now just coincidently there Bringing Back the Cold Fusion Idea under NEW names Like The Nuclear efffect. Its still the same IDEA, FREE CLEAN UNLIMITED ENERGY didnt work 20 years ago doubt they can make it work now , but hey it keep 1000s of scientists employed by mostly YOUR TAX Dollars The Only part of "Smart Grid " thats ready to roll is smart meters they'll Roll them out in Miami this week to much media hoopla they really WON'T Change ANYTHING but it will Make people FEEL GREEN , lol The rest of the Smart Grid technogy is still in various stages of developement , Kinda like GMs Volt At $50K a copy and a range of 40 miles on one 8 hour charge that will COST You depending were You live between $2.00 cents to $ 2.50 to charge it,, NO folks Electric cars arent FREE to operate Sorry folks. Once You used your 40 miles its back to good old gasoline , they havent said what kinda of gas mileage the Volt will get . Course You can Plug back in WAIT another 8 hours to continue driving on Battery power. Its All Part of the GREEN agenda , Its All BS is what it is . 20 Years from now this country will still run 90% on Coal Fired Electrcity and 85% on Gasoline cars . By Then Golbal warming will be debunked again . But I'll bet some orgamzation still wants to save some snail somewhere , its what those kinda people do . !!

Crude Prices Should Hang Around $50 While Gasoline Prices Likely to Rise

Well now we will have Smart Grid , this is the same kind of NON SENSE they promised with Cold Fusion works in the Lab sometimes but doesnt transfer to REAL LIFE Applications ! OF Course now just coincidently there Bringing Back the Cold Fusion Idea under NEW names Like The Nuclear efffect. Its still the same IDEA, FREE CLEAN UNLIMITED ENERGY didnt work 20 years ago doubt they can make it work now , but hey it keep 1000s of scientists employed by mostly YOUT TAX Dollars The Only part of "Smart Grid " thats ready to roll is smart meters they'll Roll them out in Miami this week to much hoopla they really wont Change ANYTHING but it will Make people FEEL GREEN , lol The rest of the Smart Grid technogy is still in various stages of developement , Kinda like GMs Volt At $50K a copy and a range of 40 miles on one 8 hour charge that will COST You depending were You live between $2.00 cents to $ 2.50 to charge it,, NO folks Electric cars arent FREE to operate Sorry folks. Once You used your 40 miles its back to good old gasoline , they havent said what kinda of gas mileage the Volt will get . Course You can Plug back in WAIT another 8 hours to continue driving on Battery power. Its All Part of the GREEN agaenda , Its All BS is what it is . 20 Years from now this country will still run 90% on Coal Fired Electrcity and 85% on Gasoline cars . By Then Golbal warming will be debunked again . But I'll bet some orgamzation still wants to save some snail somewhere , its what those kinda people do . !!

Monetary Policy Response to Inflation Is a Fool's Journey

Ben has been 100% Wrong at every major moment in the Crisis why should last week be any different . With over 40 years experience in the markets , and having preserved 90% of my Investments through this last few years I feel pleased but its no secret I bought Gold 2 years ago and started getting into Cash 2 years ago once the market got over 12,000 I got Nervous and 'I've still LOST 10% over the last 3 years .
I'll keep my Gold 25% of my holdings even though I think it may see $700 a ounce before years end. The Risk of the Dollar Crashing is just too great . Im 65% in cash at 2.8% interest and 10% in Bio Tech stock . I probably wont make much money but I sure Sleep good ;)
My honest opinion , Unless the Current adminstration can Reserverse the Laws of Finance , Its going to get alot WORST! 15% to 20% unemployment isnt out of the question by next year at this time. And the really bad part is that 80% of the jobs lost in the last 2 years are GONE Forever !!
Either shipped over seas , permanetly eliminated through downsizing or the companies are out of business. That Does NOT Bode Well for any kind of recovery . It s going to be a different kind of world and maybe thats not all bad.
Who really needs 3 cars in the drive way or 2.5 bath rooms for 2 or 3 people ?? Who Really NEEDs to Pay $24.50 for a Box seat behind first base . Or Needs to Pay $6.50 for a fancy cup a coffee ? Or $65 for a dress shirt .
Or $75 for a seat at a NBA game. Ive NEVER did any of those things maybe thats why I've got a few bucks ?
My point is America Used to have real values and a man wasnt judged by how much money he had . Hard work, dilligence and patience were what was valued but that was 40 or 50 years ago . In My hey day I take a gal for a walk in the park , stop buy her a hot dog or ice cream and I was a swell guy ! Course In My day a ice cream cost 20 cents , lol and the walk was free. If I really Wanted to impress a gal I take her to a dinner and show , blow $15 or $ 20 with cab fare. Today people Hook Up meet somebody and 2 hours later there in bed. If All goes well 2 years later there married and a couple years after that dirvorced! Heck we met someone of we clicked usually we were married 6 months later. And if a dirvorce did come it was 15 or 20 years later ! Cause people stayed for the kids and I know cause my folks got dirvoced after 22 years I never had a clue I had the perfect childhood.I apologize for the personel rant but thats what us old farts do. Any my advice is Duck , dont get sucked into this phony rally it will reverse in week or two we could be back at 6500. And All these Profits All as Real as the CDSs that were sold . There vapor NOT really there but the Gov , Media , and especially the Investment community have gotten together to put a great face on this disaster . Its going to be fine go spend , invest, be happy , dont fall for it . Hold on to Your money , Buy ONLY what You NEED . Good luck