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Sunday, November 23, 2008

When The Shit Really Hits The Fan

WHEN THE FED DOSENT HAVE THE MONEY TO PAY DEPOSITERS THE $100,000 insurance on their savings. If enough banks go under that could happen. Saudi Arabia our close ally and friend is holding tens of trillions of american dollars. Woundnt it be nice if they gave us 2 or 3 of those trillions for the sake of friendship. After all if the U.S. is forced to default on its debt obligations all those American dollars the Saudis are holding would become worthless.
OBAMA'S PACKAGE FOR THE AUTOMOBILE INDUSTRY WILL DEFINE THE REST OF HIS PRESIDENCY
Can he get the industry going again? If his plan is heavily slanted towards management it will fail. Gm's management must be removed.
THE BROKER We recommended two positions last week The Swiss Frank and Corn both on the Long side. The Swiss government in a surprize move lowered interest rates which is bad news for bulls. But I still believe its a good trade and traders who followed my advice will be able to scalp it. Corn those that bought it on Friday as I suggested had a chance to pay 25cents less then on Thursday. Its a good trade hang onto it
HAVE A GOOD WEEK GOOD DAY