FORGET ABOUT PLUNGE PROTECTION...WE DON'T NEED IT ANYMORE...!
WE ARE IN A WHOLE NEW WORLD OF GOVERNMENT SANCTIONED, FUNDED, AND EVEN OWNED ASSET BUBBLES...
THE DOINGS OF THE LAST FEW DAZE CLEARLY SHOW THAT THE GOVERNMENTS OF THE WORLD WILL BACK TOTALLY ANY SPECULATOR OR SPECULATION THAT IS BIG ENOUGH TO MAKE A DIFFERENCE...
WE ARE IN A NEW ERA OF THE "MEGA-BUBBLE!!"
THE ONLY HISTORICAL PRECEDENT IS THE SOUTH SEAS BUBBLE OF 1720 HERE THE GOVERNMENT OF FRANCE BOUGHT INTO JOHN LAWS PONZI SCHEME AND SUPPORTED THE BUBBLE AS A WAY TO FINANCE DEBTS...
I DON'T SEE HOW THEY STOP CURRENCY DEVALUATION AND EVENTUALLY INFLATION... BUT THAT IS A STORY FOR 2009...!!
WE DON'T NEED PLUNGE PROTECTION ANYMORE...
ESSENTIALLY, THE GOVERNMENT OWNS AND OPERATES THE BUBBLE AS A PUBLIC SECTOR ENTERPRISE NOW...!!!
THIS IS TOTALLY NEW...! ITS LIKE A MARRIAGE OF SOCIALISM AND CAPITALISM...!! CALL IT "SOCIALIZED CAPITALISM!!" WE NOW HAVE SOCIALIZED CAPITAL TO THE POINT WHERE NOTHING CAN FAIL...!! MORAL HAZARD IS HISTORY!!
THERE IS SOMETHING NEW IN THE WORLD TODAY... LIKE CROSSING A DOG AND A CAT...!!
THIS PUTS A WHOLE NEW TWIST ON THINGS....A BUBBLE THAT IS FUNDED BY WASHINGTON...DIRECTLY!! AND NEVER IS ALLOWED TO FAIL....
WILL WASHINGTON HAVE TO LIMIT THE SIZE OF THE BUBBLE...OR JUST LET IT RIP LIKE THE NAZZ IN 1999?
LIKE THEY SAY...WE AIN'T NEVER BEEN HERE BEFORE...
IF IT WORKS...WE HAVE DIRECT GOVERNMENT FINANCING OF "SEMI-PRIVATE" CAPITALISM...
IS THIS JUST A BACKDOOR FORM OF SOCIALISM...?
WE NEED TO SEE MORE OF THIS STRANGE NEW "DOG-CAT" ANIMAL TO DECIDE WHAT THE HELL IT IS...!!
BUT WITH ABSOLUTE GOVERNMENT INVOLVEMENT IN THE MARKETS NOW...I SUSPECT THE DOW CAN RISE 1000 POINTS PER DAY ...INDEFINITELY...!!
