1/12/11..quandry

…yesterday was a day like all days…headlines say economic growth, stocks rally, headlines bad, stocks slip slightly. So it was yesterday that the market ran up…never mind the global banking situation and bailouts of Greece, Ireland and soon to be Portugal and possibly Spain and Italy. The U.S. is now talking about buying up Portuguese debt to help…wonderful…the wounded helping the terminally ill.

Still the Dow was about 30 points off the high when it closed up 34 on volume of 943 million shares, the second sub-1 billion share day following the fluke five straight 1 billion plus days. New 52 week highs surged to 484!!! while new lows languished at a mere 26. But why doesn’t the market feel better? Advance/declines and breadth were all positive but by less than 1.5x…still…

How about those Wholesale Sales yesterday rising 1.2%…but inventories FELL 0.2%…is this a sign of steady and increasing demand? This will slightly lower GDP but what the heck, right?

TB finds it hard to believe we are in a strong economy with a global credit crisis ongoing, few new jobs and high unemployment…especially if you include those working without benefits! Something has to give, doesn’t it? Oh TB forgot that those employees of Wall Street firms and banks are prospering…while no one else TB knows is doing well. What a juxtaposition. Cause a problem then benefit from it! Is this a great country or what…and let’s keep the taxes down for those poor billionaires while we are at it…and we now have a GOP who says they are going to cut the budget back to 2008 levels…pity what will happen a year from now if they succeed…and then what happens in the 2012 elections? You decide.

. . . - - - . . .    . . . - - - . . . (S.O.S.)

For a balanced view TB watched Hannity on Fox last night. The entire topic was the Arizona shooting but it really was just how the democrats are seizing the opportunity to try to force those with opposing views to keep quiet. It was all about ‘targets,’ ‘sights,’ and Obama’s ‘if they bring a knife we’ll bring a gun.’ But what they managed to do was obscure the issue. Nobody believes that rhetoric caused this deranged man to take action, yet they kept pushing, especially Morgan Brittany (a has-been actress who believes Palin is “smart” – of course she is smart…but is she knowledgeable on facts?). Therein lies the problem: we live in a country that cherishes free speech yet it doesn’t have to be responsible by those seeking power…they can say anything no matter how inflammatory…Limbaugh for one (some evangelist even said that this was brought on by our acceptance of homosexuality).

We have spent the last 10-20 years getting more mean-spirited…cheering when someone says something vile that is in line with our thinking…mindlessly forwarding emails by those who gleefully spread lies…you can say both sides do it but the only ones I ever receive, and sometimes two or three a day come from the extreme right, many of them having been recycled for a year or more and despite snopes researching them they just keep spreading disinformation.

TB has always said he doesn’t want to tell you anything but merely offer another thought…let you decide, not some overpaid person who does not care what damage he inflicts. When there is a rally and someone revs up the crowd to act out that used to be inciting to riot, now it is not only accepted but encouraged. Look at the people with the banners at these rallies…do you want to be associated with them?

Finally, and perhaps this is the new Hannity, he started playing catch with a football…cute…really adds to his gravitas, don’t you think? That’s entertainment…not providing information you can build on.

Let’s hope that people can go back to having discourse rather than jamming their believes down your throat. That is how the internet has empowered us: to shout out our disgust with others but not listen in return. Where have we gone? What have we become?

Hope you all have a terrific day!

TB

Trader Bill thinks it is clear to anyone reading these missives that they are merely commentaries...as he sees it...and do not necessarily reflect the views of anyone other than his own. Information is gathered from sources he has found reliable, but no guarantees of accuracy are implied. These are merely observations of events in the marketplace offering in an attempt to offer a non-mainstream viewpoint. Copyright TBD Capital LLC, January 12, 2011.

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