Wednesday, October 14, 2009

Truly Remarkable Times

By noon the market hit 9895 on the actual Dow. Now add 40 points to average to the theoretical Dow, and we saw a top at 9935, so far.

I recalculated at about 10.30 a.m., not enough to twitter, at 50 points, but noticed the new pivot was 9850. Hmm, isn't this a number we've seen many times in recent days, as a strong resistance line.
Moves like we saw in trading until 2.30 p.m. were a large yawn, with what seemed a "draw" on what the market would do.

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What a mess. WE are now completely forgetting the trillion plus deficit built on the useless Iraq War, can't figure out how to close Gitmo, argue over what is really right in wrong in "war", all while:
MULLAH OMAR HAS STAGED 'ONE OF THE MOST REMARKABLE MILITARY COMEBACKS IN MODERN HISTORY'

We must remember Obama inherits double jeopardy, and that what was Al Queda is now a giant organization of hate. Obama's worldwide speeches and Nobel Peace Prize, no matter what one may think of the man or he as a President, bring us back a credibility with the world that Bush had lost us.

Truly remarkable times when we consider the statistics of what happened to us, and just how close we came to financial meltdown.

In 2009 about 40% of individual income taxes will go toward debt interest payments.
In 2009 insurance companies, whom we all trust, told Congress that the health bill would RAISE insurance costs.

It is putting all of these pieces of information together with "smarts" that distinguishes our ability to understand what is trying to be done, and the real reasons for why people hesitate to change.

It's up to you to find out how much money Goldman Sachs will make this year. If you can discover this you'll have part of the answer.

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