28 May Sell in May

GM last minute ask for more monies from the German government for selling Opel.

money grubbing americans sharing the same DNA as Geithner, Bernanke. Pulling out last minutes demands.

In Asia we have China companies listed in Singapore cooking their books, REITS offering rights issue, companies founders selling into the rallies.

The BEAST is now roaming WallStreet, reaping the souls.

The market dynamics has been the big whales taking profits from the Equities and buying up commodities, crude and gold.

EURUSD seems to have reached its short term peak at 1.4050, while Crude may be completing its at 65.
As the saying goes "Sell in May", it says sell in the whole month of May. And we do see Stock Equities literally stand still at the top and allows the whales to sell into it. Amazing.

It would be interesting to see what happens after Geithner finishes his China trip. Would he play the same tricks and demand more at last minute, which is what GM is literally asking the German government for more monies.

The Isreali is not yielding to Obama. Neither is the North Korean. The US government is significantly weaker than before.

There was a Chinese professor, a renowned figure as the head of public policy institute in Singapore, who claims that the status of USD is unshakeable, bços US has the finest weapons, most consumers, etc.

If US is so great, then it should have done better at Iraq, or the credit crisis would not have happened before. This goes to show that there are still hard core USD fans out there.

I dun know what is so great about US Tech companies, when companies are cutting down IT expenses. Even Microsoft itself is reining in its expenditure on IT and operations. Perhaps it allows its founders, owners, executives to cash out at higher level.

IT is money grabbing mania, at the expense of middleclass who believed that the Green Sprout would bear flowers.

The "Green Sprout" talk would continue to haunt Bernanke and Geithner next yr.

Incidentally, Geithner is always in intervals of a few days, talking up the economy, the banks. And it really sounds fishy.