Welcome Comrades!

Good evening, today the United States of Communism informs you, as a citizen, that you have certain rights that relate to your party affiliation. Today I will detail those rights and tomorrow your illustrious, and nurturing, party will take good care of you. However, if you choose not to obey the party, we will simply take you outside and shoot your head off. Your body will be emailed to your former family, since as a traitor to the state, you will have no rights and no family. The state IS your family. If you are a short seller, you are automatically wanted for treason and you face a mandatory life imprisonment, with in extreme cases - death by lethal injection, which Comrade Kerkorian will gladly, eh, I mean sadly administer. This is for your own good, it will hurt your country more than it hurts you, trust me! We have now gone over the edge, folks. Trust me, this Fed has set us up for a MAJOR depression that will last for many years. You simply can not have the government basically take over the stock market! Now, before anyone says "oh, he's just short, so he's mad!" No, actually we nailed the EXACT low! I said 10,500 buy it heavily. I am not short ANYTHING and in fact had my best trading day in a long time today. I NAILED the day, as we've been doing for a while. So, I was happy we did what we did. BUT, its all confetti at his point. The Fed is setting up a sick and I mean SICK downturn that they will be unable to stop. Further, the notion of not letting anyone short the stock market is INSANE. Next thing you know they will tell everyone that they can't sell any stocks either. I mean, why not? Why not make it so that you can only buy stocks and never sell them. Then the market will go to 75,000 on the DOW and 25,000 on the Nasdaq within the next year. That'll be great. Of course your money would be worthless, so making it won't matter, it'll be like paying for things in jellybeans. Now, is that enough on that subject? I could go on and on and on, because this is the absolute WORST POSSIBLE scenario. I have spoken about the perfect storm this whole year. Well, this is what happens when you have an election year. OK, OK, I'll stop, but you have no idea how disasterous this is. It once again gives the market a false sense of security that will be completely bashed once again. Get used to it, we live in a communist country now. Do you realize this is what Pakistan did? What Valenzuala has done, what Russia has done? There is absolutely no way this ends well. NONE. And, anyone who plays this for more than another short coverin BOUNCE is going to get CRUSHED. Did I say you have no idea how bad this is or will be? OK, I'm done, but one more thing! I can not believe they are doing this and no one is stopping them. OK, so I'll admit it, I'm NOT done, but I will keep my mouth shut and be a good communist towing the party line! How's this for speaking my mind? Jeez, louise, I can't believe we are this dumb. Well, I'm not but they certainly are. Now, ok, why do I thnk its doomed to fail? That would take a long time to spell out, but suffice to say that the government is basically making YOU and ME stock owners and by doing so they are diluting the shares, thus basically buying bad debt and bad stocks that can't possibly go up, therefore it's like throwing money away. And, who will shoulder this nonsense? YOU AND ME, the American tax payer. And, why? Not because the whole system was going to break down, which is was and still will, but because this is an election year and both parties are so scared of looking like they aren't on top of things. And, unfortunately most people don't care or don't pay attention and just see the headines and the headlines will read tha the government is working in their favor, when in essence it's the complete opposite. This is setting up DEflation, less economic activity and even greater issues longer term. So, as far as the market goes, we'll see what happens, but just remember that the Fed has done dumb interventions several times this year and each time we rallied like we did today, and maybe a few days or a week or so longer and then rolled over to lower lows. I suspect that happens again, but let's see what shakes out. I basically have NO positions at this point. I want to wait and see what plays out, I'd be guessing for tomorrow since the news isn't all out. I would think we gap up and then from there I don't know. My GUESS is that we go higher tomorrow, there are a lot of shorts that still have to cover and its options expiration (triple witching) so volatility is the name of the game. See ya next week, folks, we are ROCKING! We had MS, GNW (went $4+ for us in about 45 minutes on a $5s stock! and many others! We also covered shorts and option Trader ROCKED once again! LM puts were sold at 1000% gain! Yes, you read that correctly, basially a 1000% gain. Might be 900 to 1000% to be conservative!). Wheeee! RULE - WAXIE