Taking yesterday off after all the posting over the past few days, I am back with some of the tidbits of news and events that are shaping our world along with my comments and perspective that you may find interesting regardless if you agree with them.
The Employee Free Choice Act (denial of secret ballot to employees) is on tap for passage after OD (Obama Day) which is the new calendar accounting process. PO (pre-Obama) before that Jan. 20, 2009 event. Have to go with the crazies, right? If you can't beat them with rights then beat them by removing their rights. The loss of secret ballots for union elections should scare every American. Rights under the BHO and SMDC will begin to erode slowly but surely.
The Fairness Doctrine is again being resurrected and groomed to take just Conservative Talk Radio off the air after OD. This is something that many Democrats and extreme liberals are just salivating over since their ideas couldn't compete in the arena of free trade with the failure of Air America, they are going to have the government do it for them. This will be a big thud when it hits the books and BHO will quietly sign it or lose some of agenda support from the rabid leftist in control of Congress (The other 2 of the "unholy 3" as I call them: Pelosi and Reid)
BHO continues to flesh-out his team with ex-Clintonites and saying that "well, Lincoln did it!" If you are a student of history you will remember that it was a disaster for Lincoln, and it will be so for BHO. I predict their will be a large fight between the BHO and Clinton factions of his new administration. You can't have two groups in control.
Market outlook for the next week will be volatile since retail is going come out with numbers that will shock everyone with "Black Friday" this year being one of the worst in tracking history. I predict that other retails will follow Circuit City in Chapter 7, not Chapter 11 (DYH: do your homework).
If the Friday rally fizzles beginning with Sunday evening's future opening at 1800 EST, then next week will most likely be another leg down into new territory of lows. If the rally holds moving back over 800 then next week could be the beginning of the Santa Claus rally which is one of the highest probability patterns in stock market anneals. This says nothing about what happens after the New Year only until the end of the year.
