Bad to Worse

The market action late last week and Monday is the icing on the cake.  The  market is voting that the Obama White House is not up to the job. Instead the new administration, so says the stock market, is exacerbating our economic problems. The decline of this market is really incredible. And it doesn't appear that it's going to stop. Gosh, we're only 700 points from 6000. My guess is that it stabilizes in  the 5500 - 6000 range into 2010.   I'm a seller. Trying to raise cash and getting out of any positions that I was holding from a longer term perspective. 

The liberals are in charge, for the time being, and it ain't going to be pretty. Also at this early juncture,  the smart money says that, President Obama will likely suffer the same fate as President Carter. One Term. He had his window of opportunity to act early.  The market, looking ahead doesn't like what it sees. You have to take into account that this is after we've already crashed. I wonder what LBJ would be doing now? Probably something similar to the 2009 version of the Great Society. Knowing what we know now, would President Obama win the election if it were held tomorrow? Doubtful. This Tim Geither is just terrible. My guess is he's gone by September. If the Obama miracle thrusts our economy into depression, I think we finally bottom out in the 2500 - 4000 range. Are we in a depression now? Might be. I really don't know. God I hope I'm wrong.