overtaxed42long

Friday Outlook: Commodities, Global Markets

It really damaged a lot of folks when this admin. allowed the complete fraud it has unleashed on the market. Changing M2M to mark to whatever you want, allowing all the cash we pay in taxes go to anything financial(banks and insurance co's.), and at the same time forcing the big producers of actual items that are tangible to go into bankruptcy. The tangibles? Auto manufacturers and the downline of suppliers. Dominoes into the repairs and aftermarkets supply chain. All of that of course slows the trucking and rail industry. And the whole show together will slow oil demand and production much more than it is now.
All that bad paper being presented as worth something will not be picked up by anyone except of course Obama and co. Aptly named a co. since we are headed more toward facism than socialism. Of course a few poor sops will buy into it only to be the new bag holders. I just don't see that many who will be fooled into thinking a dressed up turd is more than a turd. Add to that a massive injection of new capital and we can't avoid inflation. Will it stop at that or begin to stagflate is the question I wonder about now.
Bear market rally, resistance levels, a bubble...they all are one in the same this time. This past six months have seen manipulation in the markets at unprecedented levels. All geared at transferring the capital of individuals into the hands of the bankers and the ones who regulate. And it is so openly brazen this time. Usually we have to wait months for the shenanigans to come to light. Now we are told that companies unable to survive are too big to let fail. It is my opinion these companies are too big to not let fail. I think I liked it better when the fraud was hidden and tried to be kept under wraps. At least that way we all could judge better which way the markets would run or if not, have time to cut losses to minimum.
May we come out on top.