Is the stock market climb today...

The national debt is still over 9.4 trillion dollars. I do not expect much of any change. Only on the down side.

Spitzer was hung because they need a distraction
and Spitzer has a ton of enemies. Wall Street hates him. Nothing like a good old fashion sex scandal to distract from the big stuff. Couldn't have happened to a nicer guy, however, it's just a diversion. Timing is everything. Same with the "election." Hell, where's Michael Jackson.

The big story today was that of Fallon. I've had CNN and FOX on all day and not a word.

Defense Secretary Robert Gates said that Adm. William J. Fallon had asked for permission to retire and that Gates agreed.

http://www.breitbart.com/...

Fallon was the subject of an article published last week in Esquire magazine that portrayed him as opposed to President Bush's Iran policy. It described Fallon as a lone voice against taking military action to stop the Iranian nuclear program.

Also add - Top it off with a 200 billion injection by the Fed and and Warren Buffet coming out today - Derivatives the new 'ticking bomb'
Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen - http://www.marketwatch.co...

Hey, the market was up +416 today, let's have a party and drink more Kool-aid. The 200 billion won't cover what the banks are out and it certainly won't get to the consumer.

GM/GMAC is coming up this June, I believe, to the tune of something like 37 billion. Word out is that it can't be repaid. GM/GMAC is not a bank and can not borough directly from the Fed.

I hate to say it, but this looks like an all or nothing situation to me, but what do I really know.

http://www.tradethemarket...

In other news....
Asian Market Update: USD slides in Asia despite Fed's emergency action
The USD benefited from the Fed's emergency action, but failed to hang on to New York gains during the Asian session as some investors feel the Fed's $200B lending program is a short- term fix at best. Markets seem to confirm this skepticism:

"In circuit motorsport, a driver has..."Paul position" when he or she starts a race at the front of the grid."

market needs in order to keep going, then it's like any other junkie. There's a brief high (the period of such "highs" keep getting shorter), followed by the inevitable return to reality, which means in this case the market continuing its downward trend.

People say the FED is looking for anyway to stop a depression. You DO realize that they perpetuated the Great depression, right? Why would they not be up to their own, old tricks? Watch out!

It still isn't as high as it was last Thursday. If this is a rally, we are playing a stock market game of "Chutes and Ladders" with really long chutes and tiny little ladders.

We can never pay ya back. Though you'll get whats coming to ya...

Remember the past as you look forward to today...

I'm a professional trader, and it looked like a short squeeze to me. That means people who made a lot of money shorting (betting the market would go down) started covering their shorts. It was probably institutional funds taking profits who shorted from the obvious top of the market, which was the high in the S&P from year 2000 (most obvious trade I've ever seen). Short squeezes create radical upside moves like this. The market was oversold, and they were just looking for an opportunity to cover their shorts. People who are short get paranoid and cover. It's kind of like market crash emotionally, and just as painful for a lot of people, but on the upside.The Fed move helped trigger it, but so did prospects of Elliot Spitzer resigning, who has been a major enemy of Wall Street and free-market capitalism. Good riddance to him.

The Fed has dumped billions into the economy and cut interest rates multiple times. This has not helped and is killing the currency value of the dollar. There should NOT be a Federal Reserve System (Private Banking System owned mostly by wealthly Europeans). To learn more about the banking scam of the Fed visit this website www.amerocasnewworldorder... and send this link to your network of friends.

if you really want to get a sense of the economy, you look at the S&P, not the Dow Jones.

The S&P is 500 stocks, the Dow Jones is only 30.

Currently, the S&P is only up 1.08% today and dropping fast.

but the fed being willing to buy, magically creating trusting money, $200 billion of mortgage securities is going to result in alot of investors with new found liquidity. They are going to look for investments rather than stick it in a shoebox. Stocks should get a bump.

This is another sign that the fed will do anything to keep depression away and that inflation concerns are off the radar screen. Ironically, central banks tend to create circumstances that make their existence necessary...but like a sun that eventually goes supernova, incorporating all it once nurtured.

The Market rallied from 7 a.m. to 7:15 on the overnight electronic on the 3/4 % interest rate cut. The high was basically the "official" outcry open at 8.

7 is 8 Washington time when the FED announced the cut. It was expected but it was risky to be heavily exposed this morning as the cut may have been less than expected and the market dived.

I think they will start to pump out more optimistic views today and tomorrow and a rally into Aril 1st or 15 will happen.

On a daily chart the downtrend still has not been broken but a low could be made tomorrow.

Investors are looking in every direction for a place to put their dollars. I suggest something with real value.

can you say profit taking?

thought that I would see Wall Street celebrate such a blatantly communist move.

I believe the Dow Jones will be in the red by closing time Wednesday.

if the stock market is doing great that means the FED is tinkering with the numbers ... so don't panic ...everytime they tinker ... it eventually comes back down because most people know whats going on

I dont think Gold will go back down much farther ... i think it will not go lower than 900 ... however last time i checked it was 970 ... that would be a really steep slide .. but i dont think that will happen

silver is around 19.50 ... silver is more volatile and possibly could go below 19 ... we saw in the last few days it went up about 1 whole dollar in a day ... and was almost 21.00/oz ... i don't see silver going any lower than 18.50 and that is being very pessimistic ... if anything 19.00 is what i think it will stay at

Ron Paul is leaving it up to us folks! So put your creative energy behind the Revolution. We talk about not wanting government in charge, well Ron Paul is giving us a chance to demonstrate how this is done. Don't look to Ron Paul to do all the work, and just throwing money at the problem isn't going to work either!

Be in Washington on the 21st of June as requested by Ron Paul.

If you can't be a delegate, then volunteer at the convention, you will be able to influence undecided voters.

http://www.gopconvention....

http://msp2008.com/volunt...

I'm telling you, and I never realized this until my friend told me, that the easiest way for the politicians to escape their unreasonably irresponsible spending habits is to simply inflate their way out of debt. Hold social government spending to say, 2008 levels, and then inflate the currency 100%. Suddenly the "debt" they incurred is worth only half as much as it was. Then they can just ramp up spending again to meet the new "debt ceiling." I think they could play this game for awhile :( Sure, your social security payments will get you a loaf of bread and a bus token, but that's not the politician's fault. It was just a "bad run" of the economy, which they could do nothing about.

I would be surprised if it made the day.
Profit taking typicaly sets in just before the traders break for lunch.
The dollar will resume its dive shortly and take equities for the ride.
What is new about this bail out?
The fed will now loan banks money they do not have AND as a kicker they will take the dreaded sub prime mortgages as collateral.
That is code speak for we just ate the bad loans that the bankers got rich packaging.
Now they will get richer loaning you the money the fed is going to give them in return for us taking out their garbage.
Whoo - hoo.
No financial market is stupid enough to view this as a positive for the overall economy ..

The Fed has infused the financial market with $200B of "new" money that is created out of thin air. Hmmm, maybe they just diluted the $$$ that were there already? Are they TRYING to finish off the dollar? Sure looks like it to me.

The greedy little bastards are laughing all the way to the bank - literally! They've gone into their back room, while America's Wall Street bangs on the door, asking for "action, action". So, with much arm twisting, and touge in cheek sneering as if in public demand, the Fed boys start cranking up the printing press, as they toast the brandy glasses for another "brilliant" performance on the world stage. They just made $200 billion for themselves from thin air, and the public thinks they've been "rescured". Oh, sure, they'll have to wait a few years to collect it, but what the heck! Today, it Bonuses all around!

Could the new scenario based on this article go something like this : the Feds out of the kindness of their heart will continue to print free money for as long as it takes in exchange for private mortgage-backed securities as in ownership of our homes [if debt still owed], and eventual ownership of banks, like what was done recently with Northern Rock of England. Or am I missing something ?

What the Fed is doing is only prolonging what has to happen, and will happen. It is a temporary thing, but some are making profit on it, by next week we will see the dollar plunge again, and the precious metals will surge, remember that is only my guess, but I think I may be right.

What kind of heading is that... 'Is the stock market climb today?'

Seriously, proofread before publishing.
Ron Paul 2008!

However, we will owe this money back to the lending countries. The US financial system was about to collapse and the banks around the world stepped in to try and stop it. Because the way the world works now, if the US goes under, we take most of the developed countries with us.

But this is just a patch and only temporary. This does not fix the liquidity problem. Unless the gov't drastically cuts spending and starts buying gold, the dollar is doomed and no country can stop it.
___________________________________________________
A perfect God is not made imperfect by imperfect people.

All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.
Arthur Schopenhauer

The fickle NYSE is pleased right now, but we had to borrow or print that $$. It may stave off the inevitable for some, but the bottom line hasn't changed. We are delaying one crisis (delaying pain), to add to another crisis (weak dollar, US debt). More bad news will come, and the markets will head down again....

http://www.dailypaul.com/...

I am bent over, have my shorts around my ankles and am awaiting insertion.... {:o|

Tim
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200 million.....200 BILLION!