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Showing posts from February 19, 2009

Wall St. versus Obama, Rick Santelli calls for action!

My heart has always been with Wall St. as it represents to me the quintessential free market enterprise. Anyone can participate, rich or poor, you can be in or can be out, all you have is your money and your wit. You can prosper with everyone, be broke with everyone or any combination of the four, the world is your oyster. The market is also a fantastic fortune teller, for it's entire purpose is to predict and anticipate and so far it has been predicting and anticipating the worst for the Obama administration. Sure the market over reacts, is subject to insider trading, corruption, etc, but so is human nature and human nature is precisely what makes the market tick. CNBC is not my favorite station, but it is one of the most popular cable stations for financial needs and though they typically discuss trivialities, they do interview capable and intelligent traders. Every day they also have a segment where they discuss different sectors including happenings in Chicago where the commod