$Market Closer$ 394 Points Down>8th largest Drop

394 Points Down.........that is one long elevator shaft.

This was what we have been waiting for while CNBC picks up their cheerleading outfits from the dry cleaners!

Was it the jobs report, that was by JP Morgans account, misunderstood by the entire Market? Or was it the fact that the Israeli sabre rattling had oil triggering Limit Up shortly after Heating Oil went Limit Up.

The USO, SKF, and the SDS, were all on fire for the ETF corner.

The commodity trend is looking very good right now....watch the DBA.

This feels like last year all over again with the help of unemployment, and no equity left in the residential sector. Yet we do know that the Fed will bail out if needed. And while it looks as if they will surely be tested in the next 3 weeks(June 24th) until the Bernanke rate talk, it looks as if holding rates steady, might not be exactly what the Market is wanting to hear.

The Investment Banks are facing new legislation governing their practices, which will surely have unintended profit constrictions(outside of the constrictions caused by higher interest rates).

The term "Lame Duck" doesn't really mean that we have to eat from the duck that will be served to us in the next election does it?

This trickle down to a possible Dow of 11700 is starting to feel like an old pair of blue jeans.

Good Fortune from Trade-Equity!!!

Are They Joking? $500 Sweet Crude to You!!!

In imaging I thought this was the issue as a Politician, that I should really throw my weight behind and tackle, here are a couple possible scenario solutions that I see being proposed:

1. Define and Regulate speculation. Try to stop it, so the Gov could provide the liquidity the market would need. Then raise taxes to pay for the "puff"(as in Puff the Magic Dragon) liquidity. .

2. Tax It to Death. Tax the speculators so they wont want to do it any longer. This is a great idea! This way we can see $500 per barrel oil before July 4th, 2009.


Soros is like Zoro. Whatever mask he wants to wear is what he wears that day.
His motivation to appear with these people is beyond comprehension.

We would like to here your best scenario for the US Government manipulation and "intervention" in the Oil Markets.

If yours is chosen as the best possible GOV/Oil Scenario, you will win a gallon of sweet crude that might be worth $500!