You can't stop a train with your super x-ray vision!

The other day I was trading away feeling like superman as usual. Then something happened. The market started going the wrong way! I was stupefied! All of my signals were in line. It was supposed to go my way. I was margined to the hilt because I was so sure of myself. Then the unthinkable happened. It kept going the wrong way. I sat there staring at the screen, trying to will the market to come back. It wasn't working. That's when I started using my super x-ray vision. It still didn't work.


Now I've long thought of the market as a freight train. It's momentum is hard to change. Think of 10,000 tons of steel, grain, cars, coal and all of it coming right at you. It's better to just get on the train and ride it than to try to turn it around. Trains have to plan their stops for miles. It even takes about ten seconds after the engineer has hit the brakes for the brakes in the rear of the train to respond. So what I'm saying is look hard before you bet everything on a reversal and don't get so attached to a position that you can't give it up.

A letter to Mr. Bernanke; sub-prime debacle

Dear Mr. Bernanke,

I have come up with a simple plan to solve the current sub-prime mortgage lender fiasco. I noticed that you pumped 76 billion into the short term market last week and I think I have a solution. Instead of pumping all that money into a market that doesn't really know what to do with it all why don't you just give it to the people who need it. Here's a plan that won't get you into trouble.

According to recent numbers there are 2.1 million people that are at least one month behind on their mortgage payments. These are the people that need the money. Why don't you create a sweepstakes company that sends checks out to the people that need the money. The company name can be a bit surreptitious so as not to reveal the source of the cash. How about Bernanke's Billions, or FedCash Cow, something like that.

Okay, you're going to need to send them a check for approximately six months mortgage payments in order to turn this thing around. Let's say the average mortgage payment is about $1300 a month. That would cover mine at least. That means you will need to make out a lot of checks for $7800. I did the math and this amounts to a mere 2 billion 730 million dollars. Now you and I know that everyone is not going to plunk all this money down on their mortgage so this will amount to an instant shot in the arm for the economy. Necessary items like beer, used cars, WalMart, etc. will experience an immediate boost. Wall street pundits will breathe a sigh of relief and business will go on as usual. Don't worry about the stock market. We are the work dogs that power the national economy and the stock market.

Oh yeah, you're going to have to get started on this right away! I have another mortgage payment due this week.