The Big 3: Bailout, Frank, and Consensus

1. Bail Out Will Cause A Crash

2. Frank and Frank: Liar and Idiot

3. Winners Fade the Consensus View!

1. We probably hit DJIA 10,000 in a heart beat if we don’t pass this bill. We probably spike 500 or 1000 points in the near term if we do pass this bill….and then we’ll eventually see DJIA 9,000 or lower because central allocation of capital is always politically-driven and not profit-driven…and only profits make stocks go up.

2. Actual quote from Barney Frank just a couple years ago as his friend Frank Raines was taking home tens of millions while lying about the fundamentals at now nationalized Freddie Mac – “"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis" But now he wants me to believe he’s right about impending doomsday if this extortion doesn’t pass?

3. Markets have a way of surprising the most amount of people the most amount of the time. Somehow I’m supposed to believe these idiots in Washington and the cronies they listen to are RIGHT about what will happen to these markets? If they weren’t stealing my money I’d be a buyer against their bearishness.