"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
"You can fool some of the people all of the time."
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
The extreme lows of the last crash (Nov) had been mitigated when the last quarter ended, so many investors looking at their quarterly statements probably never realized just how much they were down at one point.
This quarter is going to end low. Maybe they will paint the tape to try for a less-terrible-close, but at this point they're fighting traffic.
Next time their clients open those envelopes, there's going to be a wave of selling IMO.
Now is a pretty good time to get short I think.
(That ES short and the FAZ I was holding looking pretty good given the futures... ES at 743 right now, down about 10)
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US - GDP (Q4:08) 8:30 AM
US - NAPM-Chicago (Feb, 2009) 9:45 AM
US - Consumer Sentiment (Feb, 2009) 9:55 AM
US - Farm Prices (Feb, 2009) 3:00 PM
Prudence, indeed, will dictate that governments long established should not be changed for light and and transient causes, and accordingly all experience hath shown that mankind are more disposed to suffer, which evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations , pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.