Do not get trap by this holiday Bear Market Rally

11/28/08

As usual, holiday rally is in effect for this Thanksgiving Bear Market Rally. Yes, it is just another good Bear Market bounce. Do not get trap on this sucker rally, folks! The most important is 840 for S&P. If this get broken, retest lows is very likely. Do not chase on Citigroup stock "C", government is going to be the biggest stock shareholder. It loses two important reason to own this "C" for long term. Yes, it is rally very good. This is just the MM (Big Players) games. They all fully loaded between $3-$4, sell all to you (small investors) on the way up til $8-$10. I will bet "C" is on going to become $1-$3 stock within weeks. Good Luck. Again, this is my opinion and do not consider this is a recommendation. You should consult your financial advisor.

Another round of wasting our taxpayer money

11/25/08

I am very very very very very very very disappointed about Fed and Treasury have done to us the Americans. Another round of fail program again?! and again?! to inject(steals) taxpayers money away to their piggy bank. Fxxxing Paulson & Bernanke,.... Folks, they are keep pulling yours and mine future credit at risk. America whole country is in very dangerous level of risk. Our government is on going non-stop printing US dollar bills every seconds. The so far rescue package risk amount pile up to 8.8 Trillion and our current national debt is 10 Trillions. By the end of Bush Adminstration, our national debt will way over 20 to 25 Trillions. I cannot think of our future. Government keep bailing out finanicals , then who bail out US government?! New program means new piggy bank for top government personals to take whatever however they wants. Good luck to America and Americans.

Long term look at Dow index

11/24/08
The level last week that Dow has met is very important technically. By looking above chart, you should realize that year 98' and last bear market 02' bottom it retested several times around 7100-7400 levels. Next fib support if 7000 level is broken would be 6000. Are we getting good bounce from here?! I do not know. What if it breaks this 7100 level?! Trading is not just foresee the future. However, trading with technical view will sure increase our chance to win over long run. It helps to manage risk relative to potential reward. And to find the "entry area" of opportunity to min. risk while achieve good reward. Again, I do not say it had hit the bottom yet. However, read the technical charts do help clear people mind on how to read the current market.

Too big to fail?! Again?

11/24/08

With government help package, Citigroup is rescued by wasting our taxpayers money again. Yes, our disqualified government actions have so far failed to contain every problems that we have since year 2007 to present which shaking the financial industry. Not just financial now, it is widespreading to whole entire world economy. This is Sad. Why nobody said and make our Fxxx government stop stealing our hard-earn taxpayers money to put into wall street. When can they stop doing do?! It is wasting every penny with no productivity at all. Do we get any more job out of those silly rescue effort?! None. Citigroup will surely become another AIG, equity shareholders are become worthless on their investments by government injection. Oh, Man! Folks, wake up. None of our current government officials know how to solve these mess at all. Maybe they know, they are just taking our taxpayers money into their piggy bank(share with Wall streets and those officials). What do you think next month that Citigroup would ask for next round of rescue? Another 20 billions?! Geez, I have already said that 700 billions is not going to help at all and the amount it needs is at least 10 or 100 times more to solve these mess. All I wanna to tell is we will see next AIG, Citigroup rescue for sure. Or, the new government start realizing this is silly and non-sense waste of taxpayer money. The tap is higher and higher.