Hyperbole

Last Thursday everything was great, but Friday we hit a 270 point drop on consumer confidence, and fear of economic downturn. The amount of hyperbole you will have read by the time you read this commentary will have you in turmoil:

*The Dow could hit 5000

*The turnaround will take a second stimulus

*Things would be better if McCain were in charge

*Obama is anti-business.

*Goldman Sachs robbed America with a 550 million dollar fine for their greed and sins, a small penance for what they have done to our economy. This was yet another example of where Wall Street still runs the government because the government is run by committees run by lobbyists.

*The Apple problem with antennas has only been reported by .55% of the 3 million that have bought the phone. Is anyone suspicious that all smartphones do this (fact) yet Apple hit the press for a small issue, easily fixed over a short time. BTW, I've had each iPhone, ATT the whole time, traveled the world, and had no worse or better service than any other phone I've used.

It is this type of frenzy that creates FEAR days like Friday. For example, please study how irrelevant the consumer confidence index really is, and what it means.

We took no new positions Friday, but profited every other day last week.

There are three issues we cover in Blue Chip Options (www.blueoptions.com) that will influence the market and the world.

1. BP Stock will surprise everyone

2. Apple's frenzy over the antenna will TEACH Amerika NOTHING about how the media leads them, and false facts

3. The short term outlook for GLD and SLV.