reality check.........add your thoughts, page-12

I have noticed lately a few odd events which on their own are nothing interesting but viewed collectively strike me as somehow linked and I don’t know why so if anyone can add an opinion please do.

Here are some of them

The Fed must have been well aware of the impeding sub-prime meltdown (they caused it) yet allowed it to unravel whilst publicly proclaiming surprise. We all know this.

The CEO’s of the Powerhouse Wall St Investment Banks where literally so calm and relaxed that whilst completely informed of the imminent disaster befalling their Banks they happily played golf.

Bernanke looked extremely calm on Capital Hill for someone who is responsible for the Fiscal and Monetary stability of the US even though he would be well aware of the impeding turmoil.

The only people coming to the rescue of the US financials are mainly Mid East entities even though the US is actually awash with liquidity.

The Fed made it publicly known that things are clearly going South fast, throw in a useless rescue package and conveniently the US has a long weekend.

President Bush was with his good friends in Saudi Arabia last week. Remember the Saudi's are by far the biggest foreign owner in the US.

I don’t if any of this means anything and granted all these events can be explained on their own so no one needs to explain them individually but I know one thing and that is what is happening right now is no surprise to someone.

I am currently 70% cash with the view of increasing this to 100% tomorrow.