Obama and the “change” gang of old have lost consistency in...

Obama and the “change” gang of old have lost consistency in their message to the market, which in turn is dissolving confidence and making the situation worse. One day they blow off comments about bank nationalization and then a few days later are openly talking about. Obama said a few days ago “its gonna get worse before it gets better,” and now he’s changing that stance around. It’s all reeking of desperation, incompetence and desperation. There’s also no financial modeling to prove any of this (money printing) has ever worked in the past, and I’m sure if anything the resulting outcome will be neutral to irresponsible. Nationalization of the banks and the motor industry is inevitable and capitulation on equities will come soon, than we will see more “Quantitative easing”, a equities bottom and maybe in 15 years new highs (in real terms).

Doesn’t mean there won’t be some good ranges to trade going forward.