The Market Plunge

The market plunge yesterday is quite intriguing, and for several reasons:

1. AIG is a heavily lobbyied insurance fraud company. This means they have CREATED fraud in their false financials, their lobbying of Congress, et al, and we as tax payers will now foot an 85 billion dollar bail out.

2. This fraud should have been noted several years ago when their slimey CEO got caught.

3. Unlike other times in the market, such as earlier in the week, the market saw the government bail out as "the end" and a 449 point turndown occurred.

Analysts and investors are now studying "the end of the world" and "market conditions that could lead to a depression".

Yawn. Nothing has changed fundamentally from two weeks ago, except our mood.

We made two buys to the call yesterday, and will hold this position for a tight profit, or stop loss, and will NOT recommend a new buy at this time.

This is a market Floyd believes truly is unreadable.

This is what we should worry about:


NEW YORK (MarketWatch) -- One of the original and largest money market funds has put a seven-day freeze on investor redemptions after the net asset value of its shares fell below $1, in a rare instance in the fund industry of what is called "breaking the buck."


13 Middle Eastern Nations have announced plans to pursue nuclear power since 2007. It's not just "Iran."
World war, or try for world order?

Citigroup (C), we told you earlier this week, made 18% of its profits from credit cards in 2006. The percentage in 2007 was 79%.
Want to know what bubble will burst next?

Yep, it's a "sound economy" as the politicians tell us:)



"I have greatly enjoyed your commentary on the US economy and the reflections on the campaigns. It is amazing to me how incredibly gullible the public can be. I almost think the republican party want our schools to fail so that there is no intelligent conversations in this country to contradict the lies and propaganda they feed the general public. It is truly amazing to me. I also cannot fathom why we would stand by and allow a person( Bush ) to have trampled on the constitution and also led to the deaths of many Americans and countless other peoples to go without even impeaching him. We do really live in very sad times for the US. I am afraid that the beacon of hope we once were is fading quickly and if we do not wake up soon we will eventually wake up to disaster"