Never as Good nor Bad as They Say.....

Steve_A · 03-14-2009, 09:12 AM

Hi Everybody,

Over the past week the DOW seemed to be perky on the backs of comments made by Citibank and GM (despite them having to recall faulty cars at the worst possible time) CEOs claiming that they have enough funds to keep operating without the use of Federal Bank money.

Seems hunky dory really, some could be forgiven in seeing some light at the end of the tunnel. But be careful. I could be a freight train coming at you in the opposite direction.

I say this for four reasons:

Barak Obama at a recent roundtable meeting said, amongst other things, "I don't think things are ever as good as they say, or ever as bad as they say."

http://news.yahoo.com/s/ap/20090312/.../obama_economy

Just that means that 'they' could be trying to paint a too rosey a picture. It could be that behind the scenes they were told that enough is enough and there will be no more public money coming their way, so they would need to try and get funds the conventional way from investors. Also over the last five days, several times Barak Obama has been encouraging 'long term investors' to return to place their bets.

George Green is an excellent source for financial information and predictions, which brings me to my second reason. In a recent interview between Project Camelot and himself, he predicted a temporary rebound in the market after comments would be made. So far he is spot on.

http://www.projectcamelot.net/audio_interviews.html

The most recent reason was the brilliant interview that I saw between Jon Stewart and Jim Cramer where it was exposed that hedge fund managers can manipulate the DOW index at will.

http://www.thedailyshow.com/video/in...ited-interview

Keep the hedge fund managers out and the DOW will take its' natural course. But as we saw how easy it is to get duped, including by planting false information, we need to look twice before stepping out in front of the moving car.

http://thestockmasters.com/cramer-fi...-03132009.html

Finally of course, we can't forget that the Chinese are getting a little edgy about the state of the US and its' finances. If the Chinese were to sell US bonds, the whole thing will fall down around Obamas ankles.

Best regards,

Steve

03-14-2009, 09:12 AM	#1
Steve_A Project Avalon Moderator Join Date: Sep 2008 Location: Northeastern Brazil Posts: 1,259	Never as Good nor Bad as They Say..... Hi Everybody, Over the past week the DOW seemed to be perky on the backs of comments made by Citibank and GM (despite them having to recall faulty cars at the worst possible time) CEOs claiming that they have enough funds to keep operating without the use of Federal Bank money. Seems hunky dory really, some could be forgiven in seeing some light at the end of the tunnel. But be careful. I could be a freight train coming at you in the opposite direction. I say this for four reasons: Barak Obama at a recent roundtable meeting said, amongst other things, "I don't think things are ever as good as they say, or ever as bad as they say." http://news.yahoo.com/s/ap/20090312/.../obama_economy Just that means that 'they' could be trying to paint a too rosey a picture. It could be that behind the scenes they were told that enough is enough and there will be no more public money coming their way, so they would need to try and get funds the conventional way from investors. Also over the last five days, several times Barak Obama has been encouraging 'long term investors' to return to place their bets. George Green is an excellent source for financial information and predictions, which brings me to my second reason. In a recent interview between Project Camelot and himself, he predicted a temporary rebound in the market after comments would be made. So far he is spot on. http://www.projectcamelot.net/audio_interviews.html The most recent reason was the brilliant interview that I saw between Jon Stewart and Jim Cramer where it was exposed that hedge fund managers can manipulate the DOW index at will. http://www.thedailyshow.com/video/in...ited-interview Keep the hedge fund managers out and the DOW will take its' natural course. But as we saw how easy it is to get duped, including by planting false information, we need to look twice before stepping out in front of the moving car. http://thestockmasters.com/cramer-fi...-03132009.html Finally of course, we can't forget that the Chinese are getting a little edgy about the state of the US and its' finances. If the Chinese were to sell US bonds, the whole thing will fall down around Obamas ankles. Best regards, Steve Last edited by Steve_A; 03-14-2009 at 09:55 AM.