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[nimblebear]

This isn't the prettiest of months in the markets, and hardly just a wall of worry. To Wit: 1) The BP Oil mess is now officially an environmental disaster of all proportions. Every media outlet is either slamming Obama or BP, but both are getting tarred and feathered with absolutely nothing going on but finger pointing and a total lack of leadership. 2) Greece has clearly spilled over into the PIIGS, and in turn the EwwwRo is getting trashed as it has been predicted by many for some time now. The debt can't be managed, and the country's that are in trouble simply can't "grow" out of their problems with the world economy teetering on the bout of another debt ridden deflationary cycle. 3) Thailand is showing us the tyep of riots that are becoming more frequent (most recently GReece) as the sheeple across many countries recognize the world leaders do nothing to really benefit anyone or protect anyone except the ultra rich. 4) Gold stays up high even as the dollar keeps on rising (safe haven play rush into the dollar since other currencies provide no haven at all.) 5) The stimulus wad has been shot, so now people are wondering how much worse Stimulus II will be, in terms of putting us into soo much debt the US government finally gets downgraded as it should have been months ago. Stimulus II and Quant Ease, will take us into the $25 trillion in debt territory. (not including unfunded liabilities such as medicare and ss) 6) Oil prices dropping indicating a true economic picture that is heading downward in terms of world consumption, brought on by more contraction. 7) 33 US states have to borrow for paying unemployment checks from the Fed, and 32 are essentially insolvent. More Bailouts ? Where does that money come from ? Can the consumer/retail investor not see this too coming ? 8) Afghanistan and our military are sinking us big time, obama is ignorant of this, and the war is causing so much damage to our military capabilities, that even Gates is telling us all we need to cut WAY BACK on our military and the spending and cease the hemorraging. Our $600 billion per year funding of a military spend that is 10 times larger than the next 13 countries combined just isn't sustainable. So he says cut it in HALF !!!! Gates is urging this. Meaning the military is stretched so far and so thin and so wide, that its so obvious that even $600 billion can't sustain it, that it must be cut in half immediately. This means we are in big big trouble folks. 9) The fed mindessly keeps ZIRP policy in place, which is causing so many dislocations in the financial infrastructure that good decisions for the long term are simply off the table. People just have no clue how damaging ZIRP has been and continues to be. The party IS over folks. If they stop the silliness and propping of the indices, then MAYBE people will get a CLUE that ZIRP is bad, and that whats really needed is a fiscal conservativeness, and exactly the same medicine everyone is imploring Greece to swallow. 10) Exports are dead. We have few to export to who can afford our goods. 11) 40,000,000 of Americans are on food stamps. What part of that is not clear to you that this country is not in a recovery ? 12) MORE THAN 50% OF our population is attempting to live on income of less than $46,000. Thats 55,000,000 Households. The national median price of a home is $200,000, and that means that these people earning that IF they are in a home that cost that much are spending 47% of their income JUST on the mortgage payment. How can they live, eat, survive, let alone save for retirement ? A: there is no retirment savinsg going on with these people, which means that SS will be their only lifeline, IF it can even exist until they need it. 13) Dual earning families ONLY take in $67,000 on average. DUAL EARNING families folks ! 14) 775 banks are on the problem list, which means those banks likely will fail, since the problem list tends to understate the real problems banks have. THE FDIC which insures depositors in these banks is in the hole to the tune of - 20 billion. ooops. Thats more bail out money needed from teh FEd. The Fed must be this amazing thing to keep having the money to lend to states, corporations, countries, and banks. Oh wait. Thats YOUR money, that you dont have, in the form of future taxation that will go through the roof. Or watered down US dollars, that will cause an inflationary spike so high it will make zimbabwe look like a swiss bank. It will be either printed or borrowed since we dont have it, and since we are on borrowed time with the foreign lenders out there, looks like we will have to borrow from the future via exponentially higher taxes. And huge government entitlement spending cuts. They HAVE to happen. And it looks like all the incumbents who got us in the hole we are in now, will all be voted out so the tea partiers will have to do the dirty work once they are elected. Neither the dems nor repub's want this task so they keep pushing it off to the future. 15) Thus this "safe haven" called equities has been the last bastion of pillaging for the massive banks and hedge fund managers before everyone starts bolting for the exits prior to this next rout of selling. We will see SNP below 450 before its all over. Mark my words.