Quite an interesting episode ..

Andrew

Andrew

Today, the rules are bend to avoid a cascade of bankrupts… waiting for … whatever

At the end, for the benefit of all, It may be better to avoid a spread of the crisis… lasting until all burns out and taking decades to recover

Of course, with these measures, the weakest companies are going to receive more "benefits" (and whom can take advantage of that)

A

Agreed, one way or another, but one way will create a market with a solid floor, the other is a sinkhole

A

Therefore, their allegiance is to protect them and not the citizens. So, people need to wake up and realize that banks don't produce anything but merely put the citizens who actually are the work force and producers deep into the bondage of debt.

People can take control of their lives by getting and staying out of debt. Oh, and buy the financials like the XLF and UYG as they successfully test swing lows and you'll make money off the scoundrels.

I really enjoy Mish because he's an economist who actually trades the market so he has an in depth understanding and not just an academic view.

Some of Tyler's info was a bit hard to understand the first time around but after replaying it I grasped it a lot more. As long as there's a market there will be greed, abuse, manipulation, an someone on the inside always knows a piece of info and will seek to exploit it.

No doubt, we have to stay flexible in these markets. I'm back to almost 100% cash at the moment. That was a great run from the S&P 666 level and we hit the $825>$843>$875 price targets I was looking for. I'm just not sure if we can hit the $903 on this run so I'll watch for a good entry on the next retracement.

One point where I differ from you and Mish is that you guys seem to think the S&P was still overvalued at $666 with Mish calling for the $500 level. Even if the Dow was overvalued at 14k, It seems to me that a 55% drop was plenty if not a bit extreme. Nevertheless, I respect your work and never discount it even if I disagree with a point.

In the other hand, to reach the meeting point, the fundamentals can be adjusted to justify a market…. e.g. inflation, creative accounting, indexes manipulation, etc.

So, the crisis may be ending "sooner".