Market doesn't know which way its going day to day, its funny, I keep hearing from these guys who say we are in a "bottoming process" but really the only thing holding this market up from a MAJOR carnage down to below 5000 NOW is the HOPE that Obama and co will save it.
That's it, thats the only thing it has going for it. Otherwise it would already be down to 4000s.
Guitner should not be anything other than a garbage collector, anyone who lies that much has no ethics and supposedly thats what the new administration is about, or one of them. The guy is bad news. The idea that we need to confirm him because we're in a rush is the same total BS we were fed about the BS bailout. Please, stop the insanity and the lies already! ENOUGH IS ENOUGH! Everytime they want to put through their ridiculous agenda's, what do they say? WE MUST DO IT NOW! The world will fall apart if we don't do this NOW!
What total rubbish, its so disgusting, its blackmail, its worse then blackmail! Since when did we get so lazy as a nation that we would confirm a guy who CLEARLY is a lying tool? Since when did it become more important to put through agenda's and "look good" then it was to seek truth and justice? The guy is bad news, does anyone dispute that? Besides the fact that he's CLUELESS and been front and center in the middle of all this mess, but now its revealed the guy is ethically and morally corrupt and basically a tax cheating criminal.
It's unreal, if you or I did what he did we would be fired, or perhaps go to jail, but this guy goes it and you have people saying "we want to give the new President the tools he wants" and other total horsebleep! Man, it is just such an abuse of power, and of the system.
I got a comment here, which I appreciate, and which I posted, and which I must say I agree with much of. The new president is going to have to admit when he is wrong and he is dead wrong on this guy. This guy is bad news, very bad news, it would be much better to admit he was the wrong guy and move on then to somehow view it as a black eye on a new administration just because they made a bad choice. We all make bad choices, that's not a crime, the crime is in making a bad choice and not changing it when you have the ability to do so. I make lots of mistakes and lots of bad choices as a trader and in life, thats part of the whole deal, but the key to evolution and survival, or at least one of them, is the ability to recognize when you have made these mistakes and to take actions to correct them.
Tim Guitner is bad news, folks. Bad news usually spells bad choices and we can ill afford bad choices with the way things are. I think having a liar in that position is a VERY poor choice and shows very poor judgement on the part of our new president. Hopefully its not a warning sign, G*d help us if it is and its not being heeded.
Market I can't even discuss rationally other than to say once they announce their master plan we will probably see new lows and beyond, if not sooner. Buyer beware, you are nuts to buy this market for more than an intraday trade at this point, its a cancer and its spreading like wildfire. Bottoming process? Really? Is that what you call it when there's no way we can really rally very far?
Must be, cause thats what I see. I don't see any bottoming processes. We'll rally alright, on news and such, but we certainly are not going very far until there is something real and substantive that proves its safe to go back in the water. For now, choppy is the word and one day up, one day down is the state of mind!