ups and downs

The Bear is back. Sorry for the delay.

Let's not waste time, let's get to work. First off, here is a quick link that just repeats everything that I've been saying for the past 2 months.

http://www.marketwatch.com/story/get-ready-to-pounce-on-lower-mortgage-rates

the bottom line is that the Market is crazy. I don't think anyone knows what they're doing and there is no clear answer or direction. It seems that even the people in the Fed that are supposed to be steering the ship are just hanging on to make sure we don't capsize.

I feel that we are in for a drop in the market and for news and REALITY peak its head. I don't know of one person or company that is doing well. I feel for every "good" economic indicator there are even more bad ones that are not talked about as much. For instance today it was said that the number of unemployment claims dropped, the fact is that new claims rose but people currently on unemployment have dropped mainly because their time was up. It's not like thousands of people got jobs last week. Their 12 months or 24 months or whatever the time frame they are under is up. That being said, yes there are less people on unemployment and now more that still don't have jobs and will be getting nothing. This should lead to more problems. Not very "good" after all, is it?

At least we can say, Go Lakers!!! Perfect scene yesterday. Ending the parade at the Coliseum is just like the government did during Greek times. Keep the masses in check by throwing a big party for them to go to. People must be out of work to have 500k+ show up on a Wednesday.