is that reasoning not flawed?

sort of like, paulson and bernanke hiring morgan stanley to give them advice on what to do with frannie, freddie, etc.

also, sort of like, taking comfort that this new bailout will be positive for stocks, when the people who created it have been repeatedly wrong on their assessment of the economy and financial markets to date.

i find it shocking how so many people are quick to consider this bailout to be so positive when only 10 days ago none of them saw this crisis coming.

were about to experience the biggest and most expensive legislation in the history of the world and no one can really explain exactly what it is? how its going to help? and why its the best solution.

god help us. we the hard working people of this financially intertwined world are getting royally scammed.

Beginning of the Final Blow-out!

This big picture is a re-enactment of the 1928-29 Spike, which Elliott clearly documented, but Prechter obviously dismissed in “The Elliott Wave Principle”. While we may not see the same 50% thrust in the Dow this time, after just a short pull-back, we will certainly see much more than 50% in Financials, Homebuilders, Real Estate, and China.

By September 2009, the economy will be like a extreme cocaine addict, so numb to the (monetary stimulus) drug that he can no longer get high. Without a regular fix however, he falls into Depression…and so will we, once the Fed and the Treasury realize they can no longer afford to fund the addicted economy. By then, every last fool will be margined to the hilt and Prechter will be right, once again.

Best Regards,

Eduardo Mirahyes

http://www.exceptional-bear-market-letter.com/2.html

These are the quick market stats for the past week: the MSCI World Index up by 0.3%, the S&P 500 Index up by 0.3%, the Reuters/Jeffries CRB Index down by 0.1%, the US Dollar Index down by 1.6% and the ten-year US Treasury Note yield up by 4 basis point…