CTMike

Wednesday Outlook: Commodities, Global Markets

It's beginning to seem like the half life of major events such as the Fed buying treasuries is not much more than a day; after 1 day the impact is 50% diminished, 2 days 75% diminished, 3 days 87.5% etc. This clearly says the market is without direction and the next piece of news will whip it in another direction. Also, makes the market incredibly susceptible to short term manipulation. Unless you have the inside track on the next piece of news, you have a 50% chance of winning/loosing in the short term. I'm with David, might as well go to Las Vegas than invest in this market.

The next collectors book will be "The Great Financial Crises of 2008-2010; How the Public Was Fleeced in the Greatest Con Game In Human History". Do you really think the world would come to an end if some of the super banks disappear. I've never seen a vacuum last more than a few nano seconds. The vultures and local banks would immediately step in and pick the carcases of anything of value and let the toxic assets rot as they should. My local small town bank does a great job at supporting the community the old fashioned way - nobody on the payroll makes 7 digits and they don't even know what a financial engineer is. (AND, when GE money market recently put a 21 day hold on a credit union check even though it cleared after just 3 business days, my local bank worked with me to avoid problems.)

Waiting patiently for reality to come back.