What a day Friday. The market moved right back up to 10.557 by 10.30 a.m. allowing traders to sell out at profits on the open Dec 520P, just in the nick of time.
Job data came in "moderately" good, and Obama has tried to clarify and explain the job situation is not as simple as we Americans think. Much like why we had to bail out banks, not because it's right or normal, but because the situations we've inherited are so severe that the solutions are ones that are not ideal. We as a nation seem to never understand detail.
The position hit the same top we've experienced time after time before beginning a dramatic fall, all before noon. The NASDAQ has now returned all the 40% 2008 losses.
For those that criticize Obama for everything, we neglect to discuss banks that are repaying TARP money, a stock market dramatically up, and corporations downsized that showed good balance sheets.
For those that have forgotten the Emperor Bush deficit, or that this financial debacle began long ago, not on Obama's watch, I have watched in awe as the neo right has used theater to influence the American people that we are becoming socialistic, simply for giving rights to those that have formerly never had rights.
When Glenn Beck, and Rush Limbaugh, and Sarah Palin are the spokespeople for many I know that much of our country is already lost in stupidity, and that more and more are buying guns to "protect themselves." (I'm 59, have traveled in over 79 countries, and have NEVER had a need to use a gun).
Weaving Straw Baskets-Fifty Steps to Understanding
1) Many of us live in a circle of pain, in which we repeat the same negatively dramatic action with a group of others, all interacting within a black comedy drama. And able to be resolved.
2) Most of us do not know really know ourselves. When I ask clients to “tell me about themselves” they tell me about their jobs, their possessions, and lastly their families. They never mention themselves.
3) Most that appears obvious is not. Most that does not appear obvious is.
4) We are all in therapy at every moment. Most of us just don’t admit it, or use it.
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