Gail's iHub Friends

[SchlumpyStock-Picker]

Good morning all! ACC, CNBC is all drama, I can’t stand to listen to them anymore. I might watch Joe early pre-market, but hat’s it.

It looks to me the stock market needs to come to terms with the money meltdown in Europe. Asia is finally feeling the impact now as well. I’ve learned over the years that the MM’s will use any excuse to sell-off when the market recovers and they need to recycle down when the money churn slows down at the “Over-bought” highs. Now under 10,000 the market is reaching the “Over-sold” low points. I pray them bustards don’t decide to mirror the 1929 market crash. If so, there will be a second leg down further than the first after the rise from government stimulus. Personally, I don’t see it happening with all of the positive news in the US corporate world financials. I wouldn’t mind seeing China taking on HUGE inflation, then maybe we will see jobs coming back to the states.