Mad Market

Dam I can't believe I missed the jump. I thought the bounce was coming, but didn't anticipate that people would react that quickly, especially over the government giving away more money for a failing bank and for Obama doing nothing except to nominate people for positions. If that is the case then these people that he nominated must have more control over the economy than the rest of the billions of people in this world.

This just mean that people are looking for good news and reason to put money back into stocks. Yes some say the market is a 6 month forward indicator or the economy. But that still does not make sense since almost everyone is saying this mess MAYBE over in a year or so. Although no material evidence that signal an improvement in economy, the stock market thinks so nevertheless. That is why I think that the stock market is unfair for the regular traders. There is manipulation there, just that nobody willing to look at it since it brings many people down to equal level. If we were to give equal playing field, then wealth creation gets that much harder for those banks. In my opinion the banks don't get screwed even though it fail. People that worked there makes more money than they should does not get effected by this. But for some reason, the government thinks bailing out one bank equate to saving the economy. Well the last time I checked, there were other banks out there. At one point, Citibank was a small bank. Then why are they getting preferential treatment now as compare to the Lehman or the thrifts that failed? Us, normal citizen will never really knows. But if you look at the background of Obama's economic team then you would see why many of the larger banks may get bailed out or be in favored in the coming future.

With this push up in market over the last two days has led me to believe that a lot of speculation is being put into the market. As such speculation that we say for oil and gas, I got to think that some more volatility is ahead of us. I still believe that the norm should be below 8000 until June. We will see what will happen, since most people would find me crazy for making such predictions. But dam, all that money that I missed out. Especially say bye to that TV and computer that I wanted. Well life can be worse.