Monday, October 13, 2008

Wall Street UP, 936.42, - FTSE 100 UP, 324.84

The New York Times: Reports on the up swing on the Dow Jones, but points out an important fact that the Credit Market is not open till Tuesday. It seem like a long time ago but the credit that banks would not give to other banks started this mess. But it can be postulated that the Credit Market will start to get to back to business, so if you got the money buy, buy early tomorrow. The Hedge Funds will have started early, but there are still bargain's to be had, so
Buy, Buy.

Buy, Buy, Buy

BBC News: Reports on the bailout of the banks, to the tune of thirty seven billion pounds, our money by the way. This is the time to go heavy in to the market, if you have the cash go in now, avoid the banks but go for companies that have a good record, Oil is always good etc.

NTA Awards - Vote Dr Who

Its that time of year folks, the National Television Awards. Lets all vote for Dr Who folks, the only decent drama on Saturday Night. Lets vote for either David Tennant or Catherine Tate in one category, why ITV have placed the two stars in the same category could be down to the fact that Dr Who always nearly wins Best Actor and Best Actress. In the Best Drama lets vote for Dr Who.

The Last Debate, Obama - McCain

Fox News: Reports that Senator McCain has stated he will beat Obama in the next Debate. The maverick side of McCain has to come out, he has to take Obama apart on tax, on national security, as it was mentioned on one of the networks, Obama would not get a security clearance if they checked his past associations, the domestic terrorist Ayers and Pastor Wright. McCain has to show that Obama is not the change but a reverse back to the past, he is a tax and spend liberal, who would appease Iran, would give up on Iraq and would he really support Israel. This is the last chance for McCain.

Spread the Wealth by Obama in Ohio

I caught Obama in Ohio on Fox News, he was being asked about his Tax Plans, he stated " Spread the Wealth " in other words tax the rich to help the poor. Obama has now won yet, his political handlers need recall that Walter Mondale was defeated as he was seen as a tax and spend liberal. One can see the political ads now, Obama and all the left wingers who have had this view, Mondale, Castro of Cuba. Lets see if the McCain Campaign are quick on their feet and get an Ad out that uses the words of the Senator against him.

Sunday, October 12, 2008

New Gallup Poll

Gallup: Has a interesting poll, with three different versions of the poll, registered voters, likely voters and those voters that are new to the process. The second poll of likely voters feels right and closer to the truth. This Poll finds the following, Obama 50% - McCain 46%. In New Hampshire I was burned, the voters lied to the pollsters. This could be a very close race, a long night, think 2000. I still think Obama will win, a narrow win but he could be drag on the races lower down the ballot. The idea is that the Democrats will win big when it comes to Congress. In 2000 President George W. Bush had the Presidency and Congress, will the American voter want to give all the power to Democrats. It can be postulated that they might vote for McCain for President and vote for a Democrat for Congress or the other way around. McCain needs to step up the attack, when it comes to election, he is already being called a racist, what is there to lose, McCain should start with the Pastor of Obama. Make Obama look like a lier or a fool when he states he didn't know that his Pastor was Anti - American and a Racist to boot. McCain has to understand that the left will destroy him, they don't care they want Obama win.

Market Closed ?

The Times: Reports that the Government will take over the Royal Bank of Scotland and HBOS, the paper of record reports the following " The scale of the fundraising could lead to trading at the London stock market being suspended. " . It could be argued that to preserve the Western Economy, all Markets should be closed down in the USA and Europe, then all banks and financial institutions should be told to give their governments all the information they have on their bad debts. Then the G7 should meet to thrash out a new economic system for the West. It is without doubt that this economic 9/11 will have effect for years on the Western economy. The days of " Greed is Good " are well and truly over, well will look back on those days as shown in the film Wall Street as the good old days. This new world will see the Government in charge of the Western economy and banks, lets recall the 1970s folks, we might one day want to go back to the days of Wall Street, what ever you think of the justice of it, some people are rich and other are not, as JFK once stated, life is not fair! The Western way of business is going to change, what government will allow a business to go under when its given hundred of billion dollars to Wall Street or the banks, Reagan would not be happy, the Government is back in charge.