John Pseudonym

Welcome to Desolation Row

Bring back the good old Clinton years...yeah right!

Read this Chuck; and if you really want the truth do some investigating on your own and you will find it:

www.marketoracle.co.uk...

Welcome to Desolation Row

Bill Clinton also signed the repeal of the Glass Act which is at the root of of this.

Bush and the Republicans deserve most of the blame as they had the power to stop this long ago, but Clinton was the one that started this mess.

The Long Case for Bank of America

"Disclosure: Author holds a long position in BAC"

That's all I need to know...

Banks are money machines but the fuel for that machine is the average person and businesses; both of which are facing hard times.

There is plenty of time to buy the financials, but now is not the time.

While there will be short term rallies in bank stocks, the real bottom won't be in until the housing market bottoms.

When I see home prices begin to hold steady, then I know where in the bottom area. When they begin to rise on a national basis, then the banks will be back in business and a good long term buy.

Sure, you will have missed the absolute bottom by then, but so what; ride the trend people and buy after the bottom and sell before the top.

Prime Mortgage Trouble Could Accelerate Bank Failures [Housing Tracker]

If you want to understand the root cause of this mess, investigate the repeal of the Glass Act which was written by Phil Gramm and eagerly signed by Bill Clinton.

Then you will see how this all got started and how the Bush administration took the corruption of the Clinton administration into the stratosphere.

Why I'm Committed to the UltraShort Financials ETF

If you want to see a bubble, look at the SKF blow up to 200!

That chart screams correction to the down side.

Not that a bull market in financials is at hand, but we're certainly due for a break from the freefall.

Credit Card Spending Surges, While Retailers Slump

I would own Kohls long before Sears.

----------------

Sears is a bloated bureaucracy. Clogged with dead wood trying to hold on to their overpaid positions.

The roots are well rotted and it's only a matter of time before the tree falls.

Credit Card Spending Surges, While Retailers Slump

"Sears (SHLD) reported an unexpected net loss of $56 million"

"unexpected"? Have you been in a Sears or Kmart in the last 5 years?

The stores are sadly outdated with low selection and high prices.

Sears has on foot in the grave and the CEO is clueless as to how to turn the company around.

There was another article here where the CEO of Sears responded to complaints that run down stores are causing consumers to shop elsewhere.

His reply? I'm not going to invest money in stores that are losing money..what a fool.

U.S. Credit Card Industry Moving into Uncharted Territory

The Fed will jump in and save the credit card companies. Personally, I'm running up as debt as possible with no intent to ever pay it off.

Hey, if they're willing to give me the money, I'm not willing to pay it back:)

Don't worry, keep spending, the government will make it all better.