The Rich Are Eating The Rich

Here's a thought. With no private investment banks in the U.S., and the hand of the Government with equity stakes in the biggest of banks. And the rules changing for the brokerage houses. How will the rich be able to hide the money?

My idea the is the rich are scrambling to protect their wealth. Now they won't get much help, if any from those brokers, market makers, traders and most especially those accountants. You see I'm seeing the rules are changing fast and furious. And when this happens, the rich become squirrels on the street. When a squirrel tries to hide those hard earned nuts just laying on the ground. They tend to take a chance of hiding it from the other squirrels. So they cross the street to protect they new found wealth. Oh but look here comes a car(government) right down their path. The squirrel goes crazy. does it keep going or turn back? what happens next is a fifty fifty proposition.

This is one of those little known reasons this recession is going to be prolonged and steep. When the brokerages, banks and other financial s beg for government assistant there are two truths that appear. One, we are in worse shape than the mainstream media espouses us to be. Far worse. And two, the government will find those hoarders that tried to hide those nuts from the other squirrels.

You think the economy looks bad now? It's going to get downright NASTY real soon. My bet is by the middle of January we'll look at the Dow around 6000. Certain;y less than 6500. Then, and only then will I begin to look at the market. After it's not been bloodied but when it's been beaten to a bloody and messy pulp so bad that the Dow will be unrecognizable form today. You see this is a super cycle and these types of cycles are so bad even geniuses become dumbfounded.

Good Luck.