Tuesday, April 20, 2010

$100 Billion Dollars

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Dr. Evil said, "I want $100 billion dollars" and everyone at the government laughed at the outrageous number. Well today Greece said they now need another $100 billion....Nice.....that is just for their country and where will that come from? Don't forget....America needs/ asks for $100 billion PER WEEK.

Reflections on the latest news challenging Wall Street..

a) Since when does the seller or buyer get a look at who is on the other side of the trade. That is against the law. To suggest that needs to be disclosed is not rational.

b) Since when does material information not be allowed to be disseminated by an orderly process? One of three things happen....information like this is brought out before the market opens or after it closes....or you STOP TRADING the stock/ company during market hours and have a discussion...paring buyers and sellers off for a fair reopening. The SEC is supposed to enforce that one too! But then they even went so far as to have an immediate conference call open to the world on their case.

We have rarely seen such utter nonsense and disregard for the rule of law ..by the enforcers.

A rising stock market is so very important to tax receipts....and bridging government deficits....the "wall of worry" continues to keep trillions on the sidelines.....the money supply continues to work yet higher and the velocity of money shortly will begin to accelerate.

Stocks go up.....hard asset related themes seem to have the most focus right now....on schedule.

Barkly seen here after a big snow storm.