Once Upon a Time

Hamilton once said, "to a speculator debts are not to be fully covered when in business. Business is the moving of money." We have seen much of this in a full circle in the past few months as debt, and false financials, were built around a fraudulent stock market, manipulated by those at the top, who have now been bailed out by Paulson and Bush.

NO rules were put in place and the banks have frozen their lending, thus affecting businesses in all ways, while the banks hunker down to protect what is given to them, and what they did to themselves.

The head of the string is frayed and there is no needle.

The economic reports just show us more bad news. The real question is: where has the 700 billion bail out gone? What have the banks done with our money? Do you feel good about paying taxes in when you see this fraud perpetrate on ourselves, as the banks now tell us "none of our business".

Trader JK sent this, which says it best:

Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf.

In the absence of the man, the assistant told the villagers: "Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."

The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.

They never saw the man or his assistant again, only lots and lots of monkeys!

Now you have a better understanding of how the Wall Street BAILOUT PLAN will work !!!

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Higher risk traders only should be trading an OTM call position, for sale no later than Friday. Volume will diminish on the exchange as the week progresses.