RACHEL MADDOW – DOW DOWN HEALTH INSURANCE STOCKS UP

Mike Hammer (alias the peasant) — Tue, 18 Aug 2009 14:34:37 +0000

Rachel Maddow pointed out on her MSNBC show last night that despite the Dow being down 180 points yesterday health insurer stocks went higher. Seems the Obama crew showed up on the Sunday news talk shows and admitted that the public option was not vital to their signing off on health care reform legislation. This would seem to mean that the 40 million uninsured people Obama is trying to get on the insurance rolls will somehow be mandated to sign up with a private health insurer like Blue Cross.
Forcing 40 million people to sign up with private insurers will be a boon for this industry and the investment community saw it and jumped all over it. The saying goes the market is always right. What the market is telling us is that Obama is cutting his losses on reform and will settle for getting as many of the currently uninsured covered on private insurance policies as possible. Reform as it applies to the rest of us will have to wait to some far off distance year when it will be too late to save average Americans from financial ruin and destitution.
The problem with this scenario is that it looks a lot like a welfare program. If it plays out this way everyone will be angry at Obama not just the angry screaming lot that have been shouting down the town hall meetings.
We can all look forward to that annual memo we receive about our insurance premiums going up another 10% along with the increase deductibles and co-payments. Many of us will be cutting back on doctors visits, medications, household staples, vacations, even food in order to pay for our insurance.
If the type of reform I’m talking about here passes this year, the number one problem the country will then be faced with is the need for health insurance reform. Obama will be ruined and discredited. The country will be leaderless and the issues that divide us will intensify. The great promise of the Obama presidency will become a farce, and the right wing will rise to rule again.

CNBC BLOOMBERG Phony Market Crash

Mike Hammer (alias the peasant) — Tue, 18 Aug 2009 12:33:16 +0000

The Dow was down 180 points yesterday something I saw coming a mile away. Once the price of oil moves over the $70 a barrel number the big hedge funds and money funds stage a concerted sell off to force security prices down. They then turn around and buy them back at the lower prices. Most of us little investors are forced to sell into the sell off because of the fear of taking more of a loss than we can handle. No coincidence this happened on Monday and the prices were already down before the market opened. That way there is no way you can do anything about it, it has already happened.
It is an easy way for money managers to make a ton of money when the market starts to stall. If there is no catalyst to continue the market up trend they can always resort to this tactic to keep the money flowing in. The financial experts will show up in force explaining the reasons why the market is “correcting”. There will be hours of conversation on CNBC and Bloomberg discussing investor fears and ominous looking indicators, continuing recession, the end of the world, whatever. Everyone will shake their head in agreement. The experts are right; we should have seen it coming just like they did. Right?
Wrong. The money managers who created the sell off will now buy the shares they just sold back at the lower price they created and will now start to talk the market back up. Legions of experts will now show up on CNBC and Bloomberg to tell us how encouraging the outlook is for the rest of the year and now is the time to buy before you get left behind and miss a run up in the Dow.
You fools! You’ll believe the whole speil and follow the advice of the thieves who need you to follow their advice. There is no criminal penalty or federal regulation for thievery at this level. The thieves are Harvard Business School graduates the best and brightest among us. Only their smart enough to understand how the global economy works and therefore when to buy or sell stocks. Or at least they can sound that way.
How much money did you lose in the market yesterday? I started to reduce my energy share holdings last week. I got caught in this sell off scheme last time they pulled it off and it was then that I recognized the pattern. Americans are being robbed. Thieves are respected as shrewd money manages (e.g. Bernie Madoff) and the police are called congressmen or regulators, (personally, I think their all one and the same), and the suckers and victims are called the American People.
Reminds me of a saying my mother use to level at me when I was young and gullible. “Someone will spit in your face and you’ll think it’s raining out”.Tell me friend, was it raining yesterday?

Pitchfork Uprising » BUSINESS NEWS THIEVES AT WORK

RACHEL MADDOW – DOW DOWN HEALTH INSURANCE STOCKS UP

CNBC BLOOMBERG Phony Market Crash