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alstry (35.76)

Feeling like a Crash???

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February 26, 2009 – Comments (5)

With analysts like S&P putting out such blatant nonsense like my previous blog, you know  the system is getting desperate to keep this ship from sinking.  Uncle Ben is trying to inject capital in banks at over inflated prices???  We doesn't he give us free capital under similar terms?

Unemployment is reaching critical levels.  Few companies are being spared from the downturn.

Something just doesn't feel "right."

It just seems that the world is living in denial and knows the artificial state can't last much longer.

The technical analysts are trying to justify a reversal using smoke and mirrors.  The fundemental analysts are lying to justify a positive report.  The government is running in circles chasing its tales.

The sooner we purge the debt from the system the better....the longer it takes the greater the liklihood of a result that could shock us all........

You want BS like the prior blog S&P report go someplace else....you want to understand what is about happen....you imput is always appreciated.

5 Comments – Post Your Own

#1) On February 26, 2009 at 12:13 PM, snakeyd (< 20) wrote:

Just look to the shipping industry, one of the major lines has just cut all full time employees to 4- 8 hour days and told all part time help to stay home until further notice. 

Being purposly vague, this was decided last night.

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#2) On February 27, 2009 at 8:55 AM, biotechmgr (58.92) wrote:

The fragile crust may be breaking today. Citi will be virtually nationalized and I still see people talking about buying at a dollar when the common shares can still go to a few cents! The other shoe dropping - GDP revision way down to -6.2%.

I too have been waiting for some weeks for reality to sink in and following the Elliott Wave count, expecting to lead to a new low with possible panic. Today looks like a candidate for that day.

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#3) On February 27, 2009 at 8:55 AM, biotechmgr (58.92) wrote:

The fragile crust may be breaking today. Citi will be virtually nationalized and I still see people talking about buying at a dollar when the common shares can still go to a few cents! The other shoe dropping - GDP revision way down to -6.2%.

I too have been waiting for some weeks for reality to sink in and following the Elliott Wave count, expecting to lead to a new low with possible panic. Today looks like a candidate for that day.

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#4) On February 27, 2009 at 9:17 AM, drgroup (68.41) wrote:

"The technical analysts are trying to justify a reversal using smoke and mirrors.  The fundemental analysts are lying to justify a positive report.  The government is running in circles chasing its tales."

The only truism out there are the markets. They are seeing through the smoke and mirrors and reacting to their perception of reality. The markets reality is painfully obvious to those who have a pound of flesh in the game.

We need to stop the the free fall of the capitalist system and at all cost do not let this government turn into a socialist/facist regime. It looks as if we are the subject of a silent coupe.

It is time for all of us to drop any party loyalty and clearly review what is going on in this country. We stand on the abyss of economic anarchy.

Just a few sunshine thoughts...

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#5) On February 27, 2009 at 9:32 AM, Bkeepr100 (< 20) wrote:

Everybody ready for the barter system?

   The dollar will be soon worthless at the rate the goverment is printing them to pay for Obama's plan.    

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