Monday, October 19, 2009

Recent moves in the market continue to indicate that the move left will not have the lasting impact some claim and many fear.

Maket rallies as Federal drug agents told not to pursue pot-smoking patients or their sanctioned suppliers in states that allow medical marijuana, under new legal guidelines to be issued Monday by the Obama administration.

REPRINT FROM 5/07/2009 Major indexes still are not indicating anything more than a very oversold rally at this juncture .New bank "stress tests" seem to be reassuring the market as regulators finally seem to be getting there hands around the problem .Bank stocks have continued to recover as the need for massive mounts of capital seems to be subsiding .Commodities have begun their long slow some would say inflationary climb upward were over regulation and scarcity policies are already putting upward pressure on prices. While at the same time a slow economy exerts a contrary influence .

Recent moves in the market continue to indicate that the move left will not have the lasting impact some claim and many fear.The transitory nature of the current situation continues to push the market slightly higher .Though the main stream media continues to "hero worship" the new administration ,huge increases in many of the contrary news sources such as Fox News or Rush Limbaugh in both earnings and audence size indicate that much of the public simply is buying .


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