McClellan broke downward today. Who knows if stuff will get ramped tomorrow for POMO to reverse this trend. I don't really care. The days are numbered.
I personally think the globalists (those who support building a bureaucratic empire, taking from one to give to another, and making "the good of society" become the purpose for any individual's life) are more incestuous with Wall St. than the Republicans. Of course, this is not true in all cases - just look at McCain or any other statist. No, I'm not hinting at outright premeditated evil by these folks. In fact, the opposite might be true. Unfortunately, as history has shown, spoiling people ruins people. "The road to hell is paved with good intentions."
Rallying the market has tried to be the daily "Dancing with the Stars" to distract the public from the fact that they are being fleeced through higher prices and joblessness to keep the establishment from changing. Since that hasn't worked, Republicans will win most seats, and the markets will likely get hammered. QE2 - 9000 might slow it, but those effects will have diminishing returns eventually as well.
I strictly adhere to neither party because I think the system is a farce. However, I do vote for individuals that share my belief system.
Lot's of big name people (Gross, Grantham, Orszag) appear to be catching on that monetary policy manipulation only changes the leverage of an economy and doesn't actually improve it. Interesting development.
Silver manipulation charges are finally being brought to court. This is something I brought up almost a year ago and a lot of others did before me.
Update: dollar hit most recent high and has reversed slightly as of 2236 EDT. That high needs to be taken out.
Best of luck.
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