Glad you could take time out of your busy schedule to post, F9. Please keep us informed how the Nuevo Feudalism works out.
Quote from Duref Mudgins:
Easy as pie to be a girl! The following text bingoes 100%:
I write only for you so you understand my feelings for you. I love you unconditionally. I think only of you.
A moment of silence please ... that was an absolutely fragg'in amazing post f9. I have thought similar thoughts, and even expoused them to others (though not so eloquently).Quote from fearless9:
Just watching the markets this morning causes me to ponder.
The idea of granting people their freedom is that they more or less accept their own liabilities whilst selling their labour at an acceptable rate.
In an ideal free market, this enables TPTB to keep the market rate at a level sufficient to maintain the illusion of freedom but low enough to maximise profits.
It is a delicate balance.
This form of economic slavery is much more satisfactory than the physical form where you are totally responsible for the welfare of your slaves.
Lincoln went into the civil war having been well briefed on this point.
Henry Ford pushed it one stage further and the collapse of Bretton Woods laid the way for the third and what I am sure is the last leg..... namely credit borne of credit.
Unfortunately certain hot spots (London and wall Street leap to mind) have miscalculated and have fleeced the sheep too far and now the sheep will not survive the coming winter.
With nothing to lose, they then become a dangerous liability
Hence the stimulus package and other silly ideas of trying to give the poor sheep a reasonable chance of surviving winter and growing a new coat ready for another clip at a future date.
As far as trading is concerned, the market always moves through emotional highs and lows, so it's just seeking a point of being extremely oversold, consolidation and, provided it appears that stabilization is occuring, most likely will be trading in a range bound fashion for the next several years until the next big <strike>fleece job</strike>, er, BULL MARKET occurs.Quote from fearless9:
And so my question beloved ETers is simple.
Is this current market driving down in order to find a base from which to buy into these relief packages, or is the market demonstrating it's true belief in the current vain attempt to plug the dyke.
Your thoughts por favor
'
ps..Plug the dyke' refers to a dam that holds back water.
It in no way infers that we should all 'plug the dike'
saludos
f9
