What We Are Told Are Facts Are Usually False

In January 2009 more automobiles were sold in China than in the U.S. In May 2009 President Obama began to put restrictions in to force automakers and the American public to raise emission standards, and force better mileage.

Naturally some autos already achieve these standards, and more naturally many now oppose this as "forced business legislation." Yawn. Whatever it is, when gas is again $4.00 a gallon we better be ready for what it will do the economy NOW, as compared when there was money in our "false euphoria" to pay for it.

Done right, this will re-tool and get cars selling again. And perhaps for once we will begin to see gas consumption standards as a way to moderate our own greed. We do not need to be driving Hummers to the grocery store, pretending to be soldiers, buying our bottled water.

It is obvious that this is a week with little economic data, from the flat lining we've seen, and the discussions on whether Pelosi be impeached, whether the CIA lied, or how the Republican Party can re-group took over more of the newsbites than genocide in Africa, or that up to 940 local anks show potential for a deep hit on commercial property. The WSJ studies show losses could occur up to $100 billion by the end of next year IF the economy's woes deepen.

Couple this with a vastly softened "bank test" that just occurred, and our financial sector is far from renewed, or healthy. Note this as we see the market struggle at key resistance lines , with a top again at 8538 area, and minor whipsaw all day around a flat line. We were able to gain entry to both option recommendations, and some tight profits were available only for traders "catching a moment". We continue to hold the positions.

And the FDIC quietly is weighing a one time fee to replenish its deposit insurance fund that would hit the biggest banks hours.

All is not as it seems. A rock is only hard from the definition we know of the rock, and of hardness. WE do not know what we do not know. And most importantly, what we are told are facts are usually false.