[Money-matters] Money Matters Update March 11 2009

Thu Mar 12 03:10:07 UTC 2009

Marc's Notes:
Markets got a POP rally yesterday on news CITIBANK said they made money if
they don't count what they lost.. WHAT??????????????????

Really, that's what they said. They claimed a PROFIT ~  Then why the hell
did we GIVE THEM MONEY????  OF course their "profit" was only if they didn't
count their losses on subprime. Wish you and I could not count our losses!

I think the rally was a one day wonder and was overdue anyway. We will see
if it holds. 

The mortgage giant FREDDIE MAC asked for 30 billion more tonight. As I said-
"It wont be enough".

News is hitting the wires daily on bailout after bailout. It's a daily event
now, totaling TRILLIONS. When they do finally succeed in getting the banks
"lending again", you will see inflation rear its ugly head, and in a big
time way. For now, the market is still vacuuming up money; make sure it
doesn't get yours.

Market bias is still negative until we see otherwise. If it starts to break
down again, expect a retest of the 6500 level, on its way to 6100, possibly
5850. ( YIKES)

News on MARK TO MARKET is out, as I said it would. It will be changed to
"mark to market"  to "Mark to make believe".  In plain English, the banks
will put lipstick on a pig and say their subprime loans are worth more then
the market is willing to pay for them..

Barney Frank (remember him? He was in control, or non control) when all this
happened, Anyway, Mr. Frank now wants to reinitiate the UPTICK rule, which
states short sellers cant short sell a stock until it ticks UP first. They
just suspended this rule a year ago. But now since the markets aren't going
the way they want them to go, they change the rules. 
THIS IS PART OF THE PROBLEM. Since market participants don't know the rules
since they are changing so much, they don't want to participate. The FEDS
don't realize that their incessant meddling is making things worse. 

Mortgage applications rose today, a sign people are refinancing again. More
of the same. Well, if you can get a cheaper mortgage, why not right?

People are asking me if they should stop paying their mortgage to get a
better rate. You CANT get much help unless you show them you are a deadbeat.

Soooooooooooooooooooooooooooooooooooooooooo... I cant in good conscience
tell you to default but cant blame you for wanting to. After all, if you're
not on the receiving end of all this free money, brothers and sisters, you
are on the paying end.  Your call. Now even normal people are thinking about
"wheres' mine?"   I cant blame you.

It's the result of a world gone mad where successful people pay for the
failures of others. Its called THEFT, also known as socialism.
Keeping men and women from the results of their folly will fill the world
with fools.

Keep an eye on the news. It will be the market mover for the next few weeks.

What's coming:
You can count on MORE FREE MONEY TO DEADBEATS as the losses mount. Remember,
by keeping people in their houses, the BANKS DON'T GET THEM BACK! The truth
of the matter is BANKS DON'T WANT THEM BACK AS THEY GO DOWN!  They want YOU
to take the hit. Then when they hit bottom, THEN THEY WILL TAKE THEM BACK,
but for now, they are not dumb. Let's figure a way to keep the people in the
losing asset!  
Hummm., didn't think of that one did you? And if you don't default, they
don't have to write down the loss..................YET. 
So it saves their balance sheets some pain.   And of course the government (
YOU ) will pay for it.
Estimates for our newest bailout is 70 billion. BAH!     You know what their
past record is of forecasting budgets. Try 700 billion. And then....

IT WONT BE ENOUGH!

Holdings:
No change but I will reiterate past recommendations again.

For now, and for the last 2 years, you should have most of your money in
what I call "NO RISK" models.  Bank CDS     FDIC INSURED  T BILL FUNDS
Continue to hold or add. There will be a time to bail but it is not here
yet.

Gold and Silver in possession and in funds and stocks. SLV is moving again,
up from about 10 where we said "GET IN"  back in December. We suggested
large holders SELL some when it hit 14 and change and wait for the pullback
which took place. You can establish new positions anytime. Physical gold and
silver has a longer wait now for delivery but still ADD.
UNWPX is a fund to play this. DGP is a leveraged 2 times fund and is more
dangerous but will make more if gold goes up.

Oil- Moving now and will follow inflation which is now heating up. DXO
USO  moving nicely, Also USL is another you can look at.

Dividend Payers-  Some are reducing but not cutting dividend altogether.
(except 2 on our list so far and we sold those and you should have too) . A
lot of these are energy stocks and that will soar with inflation. HOLD     (
I was asked when I will update the Dividend Payers list- We JUST DID but the
markets are moving so fast I have to again- It will be available on the new
website).

Hedging- Hold contrary stocks and funds as suggested to offset these stocks
and any stocks you have elsewhere. BEARX for those who have it. It is now
loaded, so if you don't own it already, use others like DOG  SKK  SCC  etc .
There are many. These are "contrary or bear"  funds. They usually move
opposite the market and are screaming upwards with market falls.

Foreign currencies- You should have SOLD all FXE ( or Euro ) positions per
our email  3 months ago. Europe is in turmoil. If a smaller European country
pulls out of the Euro for financial reasons, there is a chance it will be in
serious trouble- SELL all Euro positions.    Continue to hold YEN    AUSSIE
and CANADIAN positions.

Swiss Annuities; HOLD /ADD      Email me for free booklet.

Retailer shorts- SCREAMING UPWARDS    RIDE SALLY RIDE.   Take profits all
the way down to DOW 2500. Go on vacation~

Interest rates funds: RRPIX    ADD    protect against a falling dollar.
Slowly rising from the ashes.

New Position- TBT  - Shorts US treasuries 20 year.  We may ease into this
over time. This protects against a falling US dollar like RRPIX but is a 2
times fund.  Moves quicker and is more volatile. This fund will move DOWN if
the US dollar rallies, which it may. This is a long term protection against
the falling dollar as they print trillions.

Upcoming Show:
Tomorrow at Noon-  Obama vs. FDR.  Learn all about it~
Also market coverage. The Dow is down 1000 plus points since the last show.
Holy cow! Keeping up with this is mind boggling~ You need to TUNE IN.
Don't miss it.

Website:
Almost finished. Look for newspaper ads and other announcements when we
launch it.

All for now, shoulder soar again. Sorry these are short.

Marc

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