11/01/2009 "Ticket to Ride"

Now that was some ride! We gave you the ticket. We hope you rode it down and cashed in. We did!

The market has rolled over as expected. The Obama bounce of 2009 is over.

While we all appreciate the attempt of the government to save us from ourselves, once again their programs won't work.

GDP at 3.5% is all smoke and mirrors due to government induced capital. This will be the highest GDP report for sometime.

Each extra cash for clunkers sale cost $24,000 to the taxpayer. http://www.edmunds.com/help/about/press/159446/article.html.

The first time buyers home allowance has now buried new homeowners into their own money pit. Taxpayers are on the hook and the new home has depreciated like a new Chrysler mini-van being driven off the lot.

The only salvation of the economy is business, not government. We could just have a bunch of services like the post office and Amtrak but eventually someone has to pay for it.

While the market should rally this week to once again fool the masses into buying more garbage stocks, it is only setting up the next massive sell-off.

The S & P could make a lower low Monday but either way will most likely rally back to the 1060 - 1075 level at which will provide one of the best long term shorting opportunities of a lifetime.

Stay tuned.