Wednesday, August 20, 2008

Floydian Facts

Recent oil spills forced McCain to cancel a photo op to promote "safe" offshore drilling.

This is a Floydian fact.

FEMA is seeking immunity for housing Katrina evacuees in toxic trailers. Another Floydian fact.

And another: in McCain's tax policies corporate American will save $175 billion a year.

The decision now must be made by the American voters whether this is truly good for their pocketbooks and for the overall economy. Often we are misled by the obvious, while the less obvious is much more important.

This is true in the stock market also.

1 of very 43 homes in the State of Nevada is in foreclosure.

And from a FOX News push poll: "Some people believe Barack Obama, despite his professed Christianity, is secretly a Muslim.

What do you believe-is Obama a Muslim or a Christian?"

Read this twice. This is how false facts are created. We believe in what we think, and make it real.

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The market hit bottom yesterday, hitting a theoretical Dow bottom at 11,278 (We had suggested 11,270 in our pre market alert).

It is now very likely for a 550 overall rise, over a short period of time, creating a new trading range.

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