Showing posts with label Bush. Show all posts
Showing posts with label Bush. Show all posts

Monday, November 10, 2008

Bush and Obama (change is coming the White House)















It seems that they are telling us what they have discussed.....like global financial crisis, Iraq and Afghanistan, etc.  There is a funny episode.  When Obama visited the White House for the first time as a freshman senator, Bush offered Obama hand sanitizer saying "good stuff".  

Here's a funny exchange between Bush and Obama back then:

"Come over here for a second," he said, leading me off to one side of the room.

"You know," he said quietly, "I hope you don't mind me giving you a piece of advice."

"Not at all, Mr. President." He nodded. "You've got a bright future," he said. "Very bright. But I've been in this town a while and, let me tell you, it can be tough. When you get a lot of attention like you've been getting, people start gunnin' for ya. And it won't necessarily just be coming from my side, you understand. From yours, too. Everybody'll be waiting for you to slip. Know what I mean? So watch yourself."

"Thanks for the advice, Mr. President."

Monday, September 22, 2008

Bears are alive...

Well....DOW dived almost 400, wiping out most of the gain on Friday.
As I predicted, bears worked together to take down the market by doing as follows:
- Bumped up oil price (up 15%)
- Attacked week links, homebuilders, retailers, REITS  etc.
- Attached tech sector (most of them have good balance sheet, they are not so related to credit market).

As I was concerned, many people don't understand what Paulson is doing. On the top of it, our President came out looking so puzzled and confused totally killing our confidence.  He got me scared...  So everyone who wanted to get out of the market tried to get out.



SEC is decisively clueless.  All they had to do was to reinstate the uptick rule, not banning shorting financial stocks.  And there is nobody watching oil futures.....many say it was due to option expiration caused the spike....I don't think so.  Get speculators out of oil futures (but leave enough to keep the market liquid).