Socialism means corporate death and the looting of investor assets. When Cuba did it to Americans, America helped investors recover some of the losses. But when Obama does it to Americans even the bond holders go broke. So asking for financial aid from the socialists is the same as asking for corporate decapitation followed by disembowelment and quartering.
No wonder banks are giving us so much good news that they are returning their TARP funds quickly.
Market forces
The market yesterday rose slightly on very low volume.
The rally hangs there as the Obama press does its best now to make the economic news positive even though it shows that Obama’s entire package of socialism is a waste of taxpayer money and President Bush’s actions alone prevented a financial collapse.
Market Outlook
All the signs are saying it is time to cherry pick into a positive market position and the market pull back. Now, during pull backs, is time to look for the new bargains.
Asian shares were up last night with Shanghai (China) up 0.5%, India up 1.5%, Japan down 1.9%.
European markets are currently up in the range of +1.2% to +1.8% mid way through their day today.
US futures indicate the American markets will start the day flat again. All the American equities markets remain extremely over bought. The FED had indicated that the recession is here at least to the end of this year. As the markets decline they will present select opportunities to astute investors seeking value by catching individual stocks that are down in higher value ranges.
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