BERNANKE WOULD NOT OPPOSE ANOTHER BAILOUT PACKAGE!!!!!

Good morning,

Our Financial masters would not oppose another bail out package!!!!! Of course they would not.

Only 3 weeks ago the US congress approved a 700 billion USD bailout package. I guess that is seen as not enough to sort the CDS (Credit default swap) debacle the financial world plays out it opening hand.

The market will continue to want more and more incentives and financial assistance from anyone and anywhere to give them their fix on any given trading day. It is like a drug addict in need of a methadone fix. Keep up the steady supply and the receiver can soldier on. Stop that supply and watch out the recepiant jumps up and down and a few other things. In fact act a little badly to get noticed and prey that someone keeps the steady supply again.

We live in a world of quick fixes. Nothing is allowed to fail, which when put in the persepective of the markets does not allow the market to rectify the imbalances brought about be the most recent fix of cheap money created in 2002.

The amounts of capital now being created are mind boggling. The credit markets are now still in a state of suspension with one major Federal Reserve bank being forced to lend on Friday.
When we get some state of market norm whenever that may be there will be so much cash trying to find home which will create the next bubble. Where will that bubble be, my guess is the precious metals market. Another market that has been beaten down for all the wrong fundamental reasons and off course with the aid of the financial press.

Have a good day.

Regards

GSM