What is Necessary Now is JOBS

Halliburton is paying 559 million to the U.S. to settle charges that one its former units bribed Nigerian officials during the construction of a gas plant.

Read this carefully. NO mention or "caught" yet on the outright fraud perpetrated in the Middle East as Halliburton rebuilt what we destroyed. I've written about this for years, and it's all coming true.

The vast corruption we've experienced is to the core of our economy, led by our top officials. When I compare Clinton's sexual lies to what have recently occurred, it astounds me. Think back to my alerts this past year of "false facts" abound, of "supply side economics does not work" and to our Blue Chip option subscribers of selling 1/3 of holdings at 14,100, 1/3 at 11,500, and now building inventory.

It's not to brag, but to share what is obvious. What we have experienced in the past 8 years has made us stupid, as we believed all put in front of us, and happily lapped up the debt, the larger homes, the home equity.

What is necessary now is JOBS, and helping small businesses employ people. Credit must flow again. All the corruption will be slowly uncovered, as new corruption begins, and it will not end.

However, with controls, and a nationalized FDR methodology, we can be the first beacon to the world, as we once were, before they began copying our decadence in this past decade.

It is the lack of credit, the utter unending "new bad news" each day on who is discovered to have frauded, that stops us from a market that begins to self correct. Every part of our sell off was necessary, sadly, to put to light supply side economics, and the "betting" that became the stock market. For years I've preached: 1. Banks are stupid and evil (sure proven right), 2. Talking heads lead Wall Street, with babbles to help their bonuses, on instruments that are not even real, or vastly overvalued and 3. Our debts will overcome us.

As you review Floydian philosophy I know that I often articulate with true passion (anger) about the religious right, about neo conservatives, and about all of those that attempt to legislate our morality.

Put up with me, as my "false facts" babbles this past year are proving startling right.

Credit is next. The defaults will be monstrous. The market is far from absorbing the true issues we deal with.

Yesterday the market hit tops at 8451, and traders were able to sell their open Feb400C, bought at 12.50 to 14.50 to highs of 22.00, and all could have sold to our top of 17.40.

This was a highly profitable call for us.

Study our Dow projections carefully, as there is potential for upside, but downside risk we now think stronger, for another correction to a short lived rally.