A Rally Frothing at the Mouth

The 'Helicopter Economics Investing Guide' is meant to help educate people on how to make profitable investing choices in the current economic environment. In addition to the term helicopter economics, we have also coined the term, helicopternomics, to describe the current monetary and fiscal policies of the U.S. government and to update the old-fashioned term wheelbarrow economics.

Our Video Related to this Blog:

Volume was relatively high on Nasdaq yesterday, but the price action went nowhere. Churning action like this is not a good sign and indicates lots of people are selling as other people are buying. As soon as the buyers get less enthusiastic, the selling pressure will drive the market down. This is only one of many hints that the current rally is heading for some trouble. The other obvious ones are the put/call ratio, overextended stocks, gaps, and resistance. There is also plenty of bad economic and corporate news waiting to be released and although the market has been ignoring it lately, at some point it will start paying attention to it again.

The put/call ratio is a contrary indicator and is only significant at extremes. It has fallen into the 0.5's range, not too far above the low for the last year, which is above 0.4. This level of put/calls indicates an excess of bullish enthusiasm and that traders are taking on too much risk. Still it is not impossible for the put/call level to hit a new low for the year and even if it that occurs, it doesn't indicate that the market rally ends the next day. It does mean the rally is getting long in the tooth however.

The market is also full of overextended stocks and there is extensive gapping going on. Once a stock starts to rally (let's define a rally as beginning with the 10-day moving average crossing the 50-day and staying above it), it is important that the price doesn't get too far above the 10-day moving average, nor the 10-day moving average gets too far above the 20-day (after it too has moved above the 50-day). The statistical phenomenon known as reversion to the mean is likely to kick into action when this occurs. The stock price will want to go back to the 10-day or even 20-day moving average (see a 3-month daily chart of HWD for a good example of this). The situation becomes ever more precarious if the stock gaps up while it is becoming overextended. This has happened not just once, but two or three times for some stocks lately. The market likes filling gaps and this adds another impetus for driving a stock's price down.

You need to keep an eye on major resistance areas. The Nasdaq is having trouble going higher because it is stuck at its 200-day moving average for the moment. The Dow and S&P 500 still have a way to go to get to theirs (currently around 9000 and 950 respectively). When they do, the entire market could start having trouble moving up. At the very least choppy action is likely to follow, if not an outright drop in the market (if it doesn't happen sooner, it will happen later).

If you have been in the market for the last month or more, you should have some nice profits. Don't let them disappear. Put stops below your positions or sell them if they have been going up too far, too fast and you have large profits.

NEXT: U.S. Unemployment 15.8%; Grade Inflation on Bank Stress Test

Daryl Montgomery
Organizer,New York Investing meetup
http://investing.meetup.com/21


This posting is editorial opinion. Like all other postings for this blog, there is no intention to endorse the purchase or sale of any security.

NYIM May 5th Meeting; Oil Report; Swine Flu Update

The 'Helicopter Economics Investing Guide' is meant to help educate people on how to make profitable investing choices in the current economic environment. In addition to the term helicopter economics, we have also coined the term, helicopternomics, to describe the current monetary and fiscal policies of the U.S. government and to update the old-fashioned term wheelbarrow economics.

Our Video Related to this Blog:

We would like to thank our guest, best selling author William Cohan for a great interview at the New York Investing meetup last night. The discussion of his recent book, "House of Cards" touched on many of the major issues currently facing Wall Street and the financial system. Cohan was mostly critical of Wall Street during his talk as he was in his book. There was also a talk at the meeting about stocks, oil, gold and silver and where the opportunities currently lie. To find out even more about this topic, we urge everyone in the New York Metro area to attend the New York Hard Assets Investment Conference next Monday and Tuesday. Registration is free and can be done by going to: http://www.hardassetsny.com/. Meanwhile, more news about swine flu is coming out, but the medical authorities are finally being somewhat more responsible about informing the public about what is really going on.

While there are many point of agreement between the New York Investing meetup and William Cohan, some divergences of opinion come out during his interview. Cohan stated quite clearly that he believed significant reform was on the way for Wall Street and that he had high hopes for Timothy Geithner's tenure as Treasury Secretary. While there is certainly a strong movement for reform among the American populace, little has been done so far and anyone who reads this blog regularly knows we are not fans of Timid Tim Geithner. We certainly agree with Cohan's criticism of Congress and the large campaign donations that it accepts from Wall Street has corrupted our system. We don't agree with Cohan's favorable views of TARP, something we vehemently opposed and consider to be one of the biggest wastes of government money ever. Cohan did provide some interesting insight into the failure of Lehman Brothers saying there was really no clear answer why the authorities let it fail other than the timing of its demise (if it had been first, he believes a bailout would have taken place) and it wasn't a favored institution of the government as is Goldman Sachs. We hope to have at least excerpts of the interview out on video shortly.

The weekly oil storage report came out from the EIA this morning and it looked pretty bullish. Oil in storage was up only 600,000 barrels, while analysts has expected a rise of 2,000,000 barrels. Gasoline was down 200,000 barrels and the high demand summer driving season is just about to begin. In the meetup last night we showed how oil was well below its 200-day moving average and predicted it needs to get to that level before the current rally will end. Oil jumped up to a new 5-month high after the inventory report with light sweet crude reaching $55.55 a barrel. There is probably at least $20 more upside to the commodity, if not more, before a 2009 high is hit.

In today's media coverage, the first actual American death of someone who tested positive for swine flu was reported. Read the articles carefully however, they do NOT say that the woman who died on the Texas/Mexican border died of swine flu. Indeed the medical authorities refuse to state that she did and said that she had other 'critical underlying medical problems'. The little Mexican boy who died in Houston also had other significant medical issues. In Mexico, the current count is 42 deaths (still nowhere near the originally reported 160). No medical history is available for most of these people, who were poor and had limited access to health care. It is quite possible all of them had other medical issues as well and swine flu was not the primary cause of their deaths. This would explain why there are no swine flu deaths outside Mexico in places where advanced health care systems and accurate record keeping exist. There is no substantial proof that the current outbreak of swine flu is deadly, nor that it is even a serious disease.

NEXT: A Rally Frothing at the Mouth

Daryl Montgomery
Organizer,New York Investing meetup
http://investing.meetup.com/21

This posting is editorial opinion. Like all other postings for this blog, there is no intention to endorse the purchase or sale of any security.

Market Getting Frothy; Meeting tonight for New York Investing

The 'Helicopter Economics Investing Guide' is meant to help educate people on how to make profitable investing choices in the current economic environment. In addition to the term helicopter economics, we have also coined the term, helicopternomics, to describe the current monetary and fiscal policies of the U.S. government and to update the old-fashioned term wheelbarrow economics.

Our Video Related to this Blog:

The stock market indices were all up over 2% yesterday. Nasdaq crossed its 200-day moving average and closed 13 points above it. We are now at the point where many stocks have had substantial rallies and are moving up sharply. Watch out when this happens! While the average person wants to buy when this occurs, unless you are a short-term trader, selling is the more appropriate reaction. Stocks that are floating 20% or more above their 10-day moving averages should be considered particularly worrisome if the stock has been in rally mode for some time (if it is moving sideways in a base that's another story).

A good general rule of thumb is to sell at least half of your position when you have 100% profits. That way you can't lose. If the stock is also around an important resistance point and the technicals are at overbought levels, you probably wish to sell all of it. Sometimes for severely oversold stocks, especially low-priced ones, the stock can move up 100% and still be in a base and in this case you should NOT be selling (DXO and HWD would be examples of this). The sell rule is only valid for a stock that has been rallying. A lot of money is lost in the market because profits are not taken. Many sell offs take place gradually, so any given trading day doesn't raise an alarm bell. Taking profits is tricky and there is a tendency to sell much too early or much too late. However, don't aim for perfection - this leads to trouble. Your goal should not be to make the maximum amount of profit possible, but a reasonable amount. What is reasonable depends on your time frame. A couple of percent is good for a day trader, but meaningless for Warren Buffett.

An important part of the art of selling is to have a good idea of overall market conditions. We are still in a rally. Currently, there are reasons to think this rally will continue into June. After that, the probabilities are likely to turn against the market. When the market turns down, most stocks will go with it. Oil might last a little longer because of its seasonal trading pattern. There are a few things, like natural gas (UNG), that are still bottoming and haven't rallied yet at all. Gold (GLD) and silver (SLV) frequently trade counter to the market and should be rallying while most stocks are selling off. There are always opportunities in the market.

Tonight, May 5th, is the monthly meeting of the New York Investing meetup. I will be interviewing William Cohan about his latest best seller, "House of Cards". Cohan will be signing his book after the interview. There will also be a talk on the state of the market. The meeting starts at 6:45PM and will be held at PS 41, 116 West 11th Street.

NEXT: NYIM May 5th Meeting; Oil Report; Swine Flu Update

Daryl Montgomery
Organizer,New York Investing meetup
http://investing.meetup.com/21

This posting is editorial opinion. Like all other postings for this blog, there is no intention to endorse the purchase or sale of any security.

Banks Get Swine Flu; William Cohan at New York Investing

The 'Helicopter Economics Investing Guide' is meant to help educate people on how to make profitable investing choices in the current economic environment. In addition to the term helicopter economics, we have also coined the term, helicopternomics, to describe the current monetary and fiscal policies of the U.S. government and to update the old-fashioned term wheelbarrow economics.

Our Video Related to this Blog:

The long awaited bank stress test is scheduled to be out this Thursday. There have already been more leaks in this government PR gambit than in a sinking ship. Meanwhile, the Swine Flu panic is winding down, with an article by TIME magazine this morning questioning whether all the hoopla was justified (see the Sunday and Saturday entries for this blog for a detailed analysis for why it wasn't). And finally, I will be interviewing best-selling author William Cohan at the New York Investing meetup tomorrow. Whether or not you saw him on the Daily Show with John Stuart or elsewhere on TV, this is your chance to see him in person.

In the news out today, Citigroup and Bank of America are stating that they are going to be raising $10 billion more in capital to shore up their reserves. Didn't both of these banks say they were profitable in the first quarter and planning on returning TARP funds? Something seems to be inconsistent with this story. Wells Fargo and PNC Financial also need more capital. The U.S. banking system is by no means stable yet and if the Fed withdraw all the funding it is providing from its half dozen or so programs, almost every major U.S. bank would collapse immediately.

While it is difficult for the average person to understand how poorly the government has handled the Credit Crisis, it is much easier to see how badly they have handled the current outbreak of swine flu (the 1976 outbreak was bungled as well and had tragic consequences for hundreds of people who participated in the government's vaccination program - there was only one supposed swine flu death). A number of the top government medical authorities made dire warnings of impending tragedy and sounded the alarm bells at top volume in the last two weeks. Not only is there no rising death toll as they warned us about, but there are no deaths at all outside of Mexico. Even the supposed deaths that have taken place in Mexico are questionable. Over a week ago, Mexico claimed 160 deaths from swine flu had taken place, the current claim is 20. Mexico's health care statistics seem to be about as reliable as most U.S. banks financial statements (see the previous blog entry for more about this).

If you are in the New York metro area, you should be coming to the May 5th meeting of the New York Investing meetup tomorrow (PS 41, 116 West 11th Street at 6th Avenue, starting at 6:45PM, for more details see: http://investing.meetup.com/21). I will be interviewing William Cohan about his latest book, "House of Cards", which is about the demise of Bear Stearns (New York Investing was the first major group to predict that this would happen in August 2007). Cohan doesn't make a lot of personal appearances, so this is your opportunity to not only hear what he has to say about the Credit Crisis, but get him to sign of copy of his book for you.

NEXT: Market Getting Frothy; Meeting tonight for New York Investing

Daryl Montgomery
Organizer,New York Investing meetup
http://investing.meetup.com/21

This posting is editorial opinion. Like all other postings for this blog, there is no intention to endorse the purchase or sale of any security.

Pandemic of Government Stupidity Over Swine Flu Sweeps Globe

The 'Helicopter Economics Investing Guide' is meant to help educate people on how to make profitable investing choices in the current economic environment. In addition to the term helicopter economics, we have also coined the term, helicopternomics, to describe the current monetary and fiscal policies of the U.S. government and to update the old-fashioned term wheelbarrow economics.

Our Video Related to this Blog:

The biggest thing to fear from the current swine flu outbreak is the stupid reactions of government officials. While we would like to think that we live in a world where intelligent scientific thought dominates and ignorance and irrational emotional reactions are not the basis for important decisions, the reaction to swine flu indicates otherwise. The global medical establishment, highly trained scientists, have reacted more like voodoo shamans instead of engaging in rational analysis. The mainstream press, instead of acting as a responsible gatekeeper, has had a field day spreading panic. Government officials have followed up by doing some of dumbest things imaginable (in case you don't understand what is going on with how they are dealing with the Credit Crisis -think about how well that's probably being handled).

One of the most outrageous government acts so far has taken place in Hong Kong where authorities have sealed the downtown Metropark Hotel, where a sickened Mexican tourist had stayed, trapping 350 business travelers, tourists and employees inside. Riots have broken out in Egypt when police have tried to fulfill the government's mandate to kill all of the country's pig population - there is no evidence that any of pigs have swine flu there. In Baghdad, the Boars in the zoo were slaughtered even though there is no swine flu in Iraq. The U.S. has closed down hundreds of schools. In Mexico, the capital is totally closed down and will remain so for a few more days. Officials from the CDC, the federal Health and Human Services Department and the New York City Health Department have made irresponsible statements that have helped engender panic. The first two warned of an increasing death toll from swine flu and the latter that there were already hundreds of cases in New York City last week - none of which has turned out to be true.

The source of all the worry about swine flu is and always has been suspect. There have been two competing strains of information that have led to contradictory conclusions. Authorities throughout the world have chosen to believe the unreliable information source over the reliable one. The first strain of information are reports and statistics on swine flu from Mexico - a country with a chaotic health care system and questionable data gathering ability. The second data source is from the developed world, where health statistics are reliable. Based on initial reports out of Mexico, swine flu was a deadly virus. However, even as of today, there have been no fatalities elsewhere - and that's hard reliable data. When you are exposed to contradictory information from two sources with widely varying credibility, which do you believe? In the case of swine flu, it as if the medical authorities chose to believe Star Magazine over the New York Times.

Moreover, it has since been demonstrated that the initial reports on swine flu from Mexico were pure speculation and are not supported by the facts. Over a week ago, there were already supposed to have been 160 deaths there from swine flu in Mexico. The current count has risen to 19. What? Tests for swine flu were not being done initially and now that they have been only 19 people so far who have tested positive for swine flu have died. Whether or not they died from swine flu is not proven and should be questioned considering that no one outside of Mexico dies of swine flu. These 19 could have died from any number of other illnesses and considering there was an epidemic of virulent pneumonia in Mexico, this would be a strong candidate for the actual cause of death. How are the Mexicans handling this rather embarrassing situation? Just today, in a news release, Mexico's Health Secretary said "11 people were suspected to have died from the virus in the previous 24 hours". Huh? While the glaring headline seems to indicate swine flu deaths are increasing, what was meant was that testing has shown the number of supposed deaths from swine flu jumped from 9 to 20 (including the Mexican toddler that died in Texas). Note to Mexico's Health Secretary, 20 is a much smaller number than 160.

U.S. medical authorities are already backtracking and making the case that their highly irresponsible actions were justified. In appearances on the Sunday talk show circuit, it was stated that a vaccine for swine flu is being prepared and after it was created it would then be decided whether or not to order large amounts of it be produced in the fall. Despite their hemming and hawing, it was quite obvious they realized they had screwed up big time. Don't expect an admission of this and don't expect any one of these bozos to be fired. After all, why should the health of the American people be in the hands of competent people.

NEXT: Banks Get Swine Flu; William Cohan at New York Investing

Daryl Montgomery
Organizer,New York Investing meetup
http://investing.meetup.com/21

This posting is editorial opinion. Like all other postings for this blog, there is no intention to endorse the purchase or sale of any security.

Swine Flu Update - Government Scamdemic and the Credit Crisis

The 'Helicopter Economics Investing Guide' is meant to help educate people on how to make profitable investing choices in the current economic environment. In addition to the term helicopter economics, we have also coined the term, helicopternomics, to describe the current monetary and fiscal policies of the U.S. government and to update the old-fashioned term wheelbarrow economics.

Our Video Related to this Blog:

If you thought the U.S. government's handling of the Credit Crisis was bad (and you should), the handling of the current swine flu outbreak is even worse. Both have similar elements and it is those elements that need to be addressed if the financial system is to be righted, the economy is to be put back on a sustainable track, health policy is to be handled responsibly and anything else is in the U.S. is to run the way it should. Otherwise things are only going to continue to fall apart and possibly just blow up spectacularly one day.

We are living in a time where there seems to have been a complete suspension of the use of common sense and basic logic among the powers that be. You see this in the Credit Crisis, where it was believed that people who had no jobs and no history of paying their bills, even if they had a job, were considered good prospects for home mortgages. Somehow, there was surprise when large numbers of these mortgages defaulted. Government programs to extend home ownership to the poor (why should someone not own something just because they can't afford it) were at the root of the Credit Crisis and this helped support unlimited Wall Street greed in trying to make money off of these programs. The government is still trying to prop up Wall Street with your taxpayer money in its various bail out programs even though most of this mortgage debt is and always will be worthless.

The same suspension of common sense has taken place with the current swine flu outbreak. A genetic analysis of the virus released yesterday indicates that it doesn't have any elements of the 1918 virus that caused that virus be so dangerous (plus that virus was an avian flu and not a swine flu as was thought to be the case for decades, a rather major point that seems to have been ignored by the medical authorities). Instead of spending tens of thousands of dollars for this study, simple observation of the people with confirmed cases of the disease was all that was necessary. Outside of Mexico, there have been ZERO deaths so far (the one case supposedly in the United States was a resident of Mexico City who had been brought to the U.S. and he had other significant health problems). Anecdotal reports outside of Mexico indicate that many of the people who have had swine flu didn't even bother going to the doctor because they weren't that sick. Most people with swine flu have recovered quickly. If basic logic wasn't enough, you would think having the scientific confirmation that swine flu isn't deadly would be an adequate reason to stop the government's panic reaction to the situation. You would of course be wrong.

From the top all the way down, the government's desire to spend your tax dollars ($1.5 billion has been committed) to save you from a non-existent menace goes on unabated. President Obama himself in his radio address Saturday stated, "This is a new strain of the flu virus, and because we haven't developed an immunity to it, it has more potential to cause us harm. Unlike the various strains of animal flu that have emerged in the past, it's a flu that is spreading from human to human." The ability to pack so much ignorance in so few words is truly a gift (I previously thought George Bush was the master of this art). Flu arises from animals and becomes epidemic when person to person transmission is possible, so this is exactly what has happened in all past flu epidemics. The idea we have no developed immunity to the swine flu is not supported by the mildness of the cases, nor for that matter has there been any random testing to find out if people test positive for swine flu, but didn't become ill (this was indeed found to be the case in the 1976 outbreak).

Neither common sense, nor scientific evidence seems to have phased Dr. Steve Waterman, the head of a team from the Centers for Disease Control and Prevention in Mexico. Even after getting the genetic analysis stating the swine flu virus wasn't deadly, Dr. Waterman warned that more deaths were to come. Dr. Waterman stated his main goal of his CDC team in Mexico (other than to spend the unlimited government funding they have) is to find out HOW swine flu kills. He should be asking IF it kills, not how. Anyone with a wit of intelligence (it is quite possible that no high ranking medical official is in that category) should be immediately suspicious that no one has died of swine flu outside of Mexico. Many days ago, the official Mexican figures were 2498 swine flu cases and 160 deaths. As of right now, viral typing (the only way to accurately know if someone has swine flu, since there are many other diseases with similar symptoms) shows only 397 confirmed swine flu cases in Mexico with 16 of those people having died. There are no medical histories for those people (most of whom seem to be urban and rural poor with limited access to health care), so it is impossible to determine if they died from swine flu or some other disease. There is by no means out of the question, especially since there was an outbreak of virulent pneumonia this winter in Mexico prior to the outbreak of swine flu. To say that Mexican health statistics are questionable and their health care system is a mess would be an understatement to say the least. Yet, they are being given credence while the more reliable evidence from the developed world is being ignored.

As of today (Saturday, May 2), there are 161 confirmed cases of swine flu in the U.S. New York leads the way with 50 cases. Few new cases seem to be appearing in New York even though the head of the city's Health and Human Services irresponsibly tried to panic the public earlier in the week by warning there were already hundreds of cases (so where are they?). More than 430 schools are closed in the U.S. affecting about 245,000 children in 18 states. Has the U.S. Secretary of Education said this is ridiculous and there is no justification for this. Not at all. Even after the scientific study indicating swine flu is not deadly was available, new guidelines were released to keep schools closed 14 days instead of the shorter times that had been planned. How else could we prepare today's students for future government service other than to keep them totally ignorant and uneducated?

Like the boy who cried wolf, the government is playing a dangerous game with swine flu. When a truly serious crisis arises, it is likely to be ignored in the future. Of course, that would assume that the goverment would actually realize a serious crisis existed. It didn't with the Credit Crisis and it still isn't reacting properly to fix it. Don't assume things are likely to be any better in the health arena.

NEXT: Pandemic of Government Stupidity Over Swine Flu Sweeps Globe

Daryl Montgomery
Organizer,New York Investing meetup
http://investing.meetup.com/21

This posting is editorial opinion. Like all other postings for this blog, there is no intention to endorse the purchase or sale of any security.

Market At Key Resistance; Scamdemic Update

The 'Helicopter Economics Investing Guide' is meant to help educate people on how to make profitable investing choices in the current economic environment. In addition to the term helicopter economics, we have also coined the term, helicopternomics, to describe the current monetary and fiscal policies of the U.S. government and to update the old-fashioned term wheelbarrow economics.

Our Video Related to this Blog:

While it looks like Chrysler declaring bankruptcy weighed on the market yesterday, the selling from the intraday highs has a technical explanation. During the day, the Nasdaq reached 1753, almost hitting its 200-day moving average of 1756. This is always an important resistance point in any bear market rally. The Dow itself traded as high as 8307, a price where there is significant chart resistance. While some selling should be expected soon because the market usually can't just break through strong resistance immediately, I think the Nasdaq will manage to break above its 200-day after awhile and the current rally will last until the Dow and S&P 500 reach theirs. As of today, the Dow's 200-day is at 9077 and the S&P 500's is at 964 (the S&P's high yesterday was 889). All the 200-day's are falling, so you need to check where they are every now and then.

One thing that has not made the market go down, to its credit, is the mainstream media misinformation campaign about the current swine flu outbreak. While any rational assessment indicates that this is much ado about nothing and this version of flu is probably the least serious that ever existed, health care officials from WHO, the U.S. Health and Human Services, the CDC and the New York Health Department have done everything possible to fan the flames of hysteria and engender panic among the global populace. The media has been a more than willing accomplice in this endeavor. Moreover, this is not the first time this has happened. There was also a major swine flu scare in 1976 created by the U.S. government. That epidemic never materialized.

Having much experience deconstructing investing news for its intent to mislead the reader, it was easy to see immediately that the supposed dire situation with the current swine flu outbreak was all a bunch of hype. Let's examine the actual facts of what is taking place:

1. No one outside of Mexico has died from this disease. The one case of a death reported in the U.S. was for a toddler who was a resident of Mexico City and was brought to the U.S. Furthermore, he had other significant underlying health problems that the medical authorities refuse to reveal. Did he die from those instead of the flu? Quite possibly.
2. As for the supposed deaths in Mexico from swine flu, which is the basis for the pandemic panic, the evidence doesn't support media reporting. Almost from the beginning, the media reported 160 'suspected' deaths (sometimes the word suspected got left out). The figures as of this morning indicate that only 300 cases of swine flu have been confirmed by viral typing in Mexico (less than half of suspected cases turned out to be swine flu). Of these, only 7 people have died. What other medical conditions these seven had that might have contributed to their deaths is unknown and probably will remain so.
3. The danger of contagion seems to be minimal as well. Mexican health workers have so far found only 2 cases of family members of suspected and actual swine flu sufferers who have tested positive for type A influenza (this doesn't mean they have swine flu, but they could).
4. As of yesterday, the CDC had confirmed only 109 cases of swine flu in the U.S. The number of cases plateaued fairly quickly. The average sufferer has had relatively mild symptoms for a case of the flu and has recovered quickly.
5. The U.S. government has committed $1.5 billion of taxpayer money to handle this 'dire' emergency. So someone's getting rich off of it.
6. Based on the actual evidence (not supposition) so far, it looks like you are more likely to be hit by a bus than to get swine flu. Even if you got swine flu, it seems much less risky that the usual varieties of flu that we are exposed to on a regular basis.

While a certain percentage of the public has panicked over swine flu, most people have ignored the hysteria the government officials and the mainstream media are trying to foment. The credibility of both continue to sink - as they should. Perhaps the public is more worried about the gross mishandling of the economy by the powers that be and refuses to be distracted. Unlike swine flu, that's a problem that's not going to go away.

NEXT: Swine Flu Update - Government Scamdemic and the Credit Crisis

Daryl Montgomery
Organizer,New York Investing meetup
http://investing.meetup.com/21

This posting is editorial opinion. Like all other postings for this blog, there is no intention to endorse the purchase or sale of any security.