[Money-matters] Money Matters Update Nov 24 2008

Tue Nov 25 01:31:50 UTC 2008

Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than
$7.76 trillion on behalf of American taxpayers after guaranteeing $306
billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the
value of everything produced in the nation last year, are intended to rescue
the financial system after the credit markets seized up 15 months ago. 
The unprecedented pledge of funds includes $3.18 trillion already tapped by
financial institutions in the biggest response to an economic emergency
since the New Deal of the 1930s, according to data compiled by Bloomberg.
The commitment dwarfs the plan approved by lawmakers, the Treasury
Department's $700 billion Troubled Asset Relief Program. Federal Reserve
<http://www.bloomberg.com/apps/quote?ticker=FARBPMDW%3AIND> lending last
week was 1,900 times the weekly average for the three years before the
crisis. 

Marc's Notes:
So its raining money. 
(Going to take this week off so this is it for now)
Use rallies to unload regular mutuals and stocks. We may have a few days
more of it but then the BEAR will emerge once again. It wont be enough.
Like I said, it will take 10 trillion or more. We are almost there now !  At
least they are getting to the figures we mentioned this summer.
Gold is sniffing inflation and up hard. Interest rates are up slightly and
will continue. The US dollar rally will fade as the magnitude of this
insanity reaches the brains of even the brain dead.

Shorts should be re- established in the next few days. Retailers will suck
wind this season. A BIG stimulus package adds more insanity to our now
BANANA REPUBLIC Government. You cannot print your way to prosperity nor
solve a debt problem by creating more debt. But they sure will try! Short
housing and retailers. You may dabble in banks shorts in a day or so but do
not go overboard in this sector.
This week usually is mundane but I warned you it may be not so! And it is
starting out very jumpy!
Use rallies to unload. Don't be fooled by how much money they are throwing
at this. They would need 100 trillion or more of EARNED money, not printed.
Oil rose with gold. Oil is a no brainer with silver, both  with limited
downside. ADD/ Hold both. Add foreign currencies. Most money still in T bill
funds or Cds. There will be a time when we will move from these but the time
is not now.
Have a great holiday and thanks for supporting MONEY MATTERS and our
community stations.
>From my family to all of yours
HAPPY THANKSGIVING
Marc

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