11 March Spitzer vote

Would today mark the fateful day when SPX, INDU would plunge into the abyss ?

CNBC still hosts people talking about whether it is a Recession or not, when Stock market has already crashed more than 19% from its top.

For SPX 1259 holds the key to deciding if 20% has been exceeded. hence the drop from 1575 would reach 20% at 1259. For INDU it is 11362 (Monday low 11731)

Then would Equities form a double bottom ? or the beginning of the plunge into 1190 ?

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Fed is pondering "wasting" several hundred billions to bby the debt of mortgage firms directly, and lending to hedge funds instead of via the Banks. Considering the financial markets at large is in Trillions.

This is indeed negative for US and USD in the long term, as the FED would be printing monies for the masses. Like when it bailed out LTCM, Amaranth, it is now bailing out the mortgage firms.

Literally, Ben is throwing monies out of the helicopter onto the masses.

If he manages to avert Deflation, he would be remembered in history as the Bravest Fed Chairman in history. Then Volcker, Bernanke are the heroes, while Greenspan is the Villain.

Nonetheless, the movie "10,000 BC" has given us a clue. Human Beings have lived through the Ice Age and survived. Would Bernanke be the GOD who would avert the next Kondratieff Winter ?

For those who have been following my blog, you would have saw my DXY, SPX projection. A low of 60 is never in doubt, now at 72. Then 40.

The cost of averting the Winter has its cost, Dollar is going to pay.

Spitzer
I would like to support Spitzer, anybody who try to save the US from subprime crisis deserve some support. He was trapped by the IRS. Which guy would not resist a beautiful petite blonde ? (if any of you has anything to offer, pls email me).
It is a problem between him and his wife.

Those who support Spitzer, pls click on the Google Ads on the right.