The Stock Market

[badge]

All very interesting gents

I had a sell signal on UK's ZU0/FTSE 100 last tuesday, which I took, along with UK banks and miners on wednesday, which I didnt take.

edit: I should add the signal is void on either a) a buy signal, or, a move above the previous signal price(5405 cash).

ESX has one at 2845, and I ran it over SPX briefly cos I know your all big traders and prefer the ES, and 1130 cash looked likely.

So in conclusion, FTSE has sell already, other share markets and commods look good for a little more upside first perhaps.

Wonder if the crowd will bay for an inverse Head + Shoulder pattern if a correction in equities ensues?

Edited August 2, 2010 by badge

[badge]

Danger..warning...warning...

Am back to cash except except 1 stock SVL

Will wait to see which way the CROSS pans out before swing trading again

Interesting. I dont put much stock in equity candle patterns though, if you excuse the pun.

[Parvis]

Danger..warning...warning...

Am back to cash except except 1 stock SVL

Will wait to see which way the CROSS pans out before swing trading again

Interesting. I dont put much stock in equity candle patterns though, if you excuse the pun.

It is only the "5 highlighted Doji" you need to be concerned about - The other 4 or 5 Doji - not highlighted - are of no consequence.

Although - your magic marker did it again.

Edited August 3, 2010 by Parvis

[PCA]

It is only the "5 highlighted Doji" you need to be concerned about - The other 4 or 5 Doji - not highlighted - are of no consequence.

Although - your magic marker did it again.

hehehe

[zorro1]

Any thoughts as to how the U.S market managed to claw back from -160 on the dow after woeful job data? somebody buying the dips and dont think its mom n pop..

[Parvis]

Any thoughts as to how the U.S market managed to claw back from -160 on the dow after woeful job data? somebody buying the dips and dont think its mom n pop..

"MORE BUYERS THAN SELLERS".

Edited August 7, 2010 by Parvis

[zorro1]

Any thoughts as to how the U.S market managed to claw back from -160 on the dow after woeful job data? somebody buying the dips and dont think its mom n pop..

"MORE BUYERS THAN SELLERS".

. How old are you Parvis? that was very immature

My bet is that the unsatisfactory employment numbers in USA will bring on more stimulus from govt-

which may be why the DOW kicked up sharply in the last two hours of trade yesterday!

This is a very big deal. Perhaps some of the regulars here may have an opinion

[Abrak]

How old are you Parvis? that was very immature

My bet is that the unsatisfactory employment numbers in USA will bring on more stimulus from govt-

which may be why the DOW kicked up sharply in the last two hours of trade yesterday!

This is a very big deal. Perhaps some of the regulars here may have an opinion

Well apart from generally agreeing with the notion of attributing too much of anything to short term fluctuations in markets is not a great idea, I do have a slightly different view in how I see the economic fundamantals influencing the market in general.

I do think there is quite a lot of cash about and I do think that quite a lot of bad economic news has already been discounted by the market.

More importantly, I think a vague, tepid limp and lukewarm economic recovery is actually the best possible environment for the market. Any signs of a 'V' shaped economic recovery I think would be bad news for equities as people would anticipate interest rates rising sooner and faster and, given they are so low, the market is likely to be pretty sensitive. Obviously if the economy tanks again that would be bad news for equities too but while it is sort of muddling along you are seeing some growth with no signs of rate rises.

If you look at the 10 year UST yield on Friday it fell 10 basis points too 2.81%. It is difficult to be that bearish of equities with short term rates at 0% and longer term rates not much higher. If there was going to be a new stimulus package would rates have fallen? (I dont understand bonds so i dont know.) The markets reflect excess liquidity rather economic fundamentals at the moment.

[Parvis]

Any thoughts as to how the U.S market managed to claw back from -160 on the dow after woeful job data? somebody buying the dips and dont think its mom n pop..

"MORE BUYERS THAN SELLERS".

. How old are you Parvis? that was very immature

My bet is that the unsatisfactory employment numbers in USA will bring on more stimulus from govt-

which may be why the DOW kicked up sharply in the last two hours of trade yesterday!

This is a very big deal. Perhaps some of the regulars here may have an opinion

My dear Zorro - if you have plenty of cash - where would you rather keep it - underneath your mattress? Or would you rather "speculate" to increase your equity? Your answer will all depend on your financial knowledge and/or your ability to assume risk.

As Abrak correctly points out - it is not a question of transient Economic News but rather Real Liquidity and Investors/Speculators ability/willingness to assume risk (and no BS about PPT).

In other words - my dear Zorro "MORE BUYERS THAN SELLERS" - or vice versa - if Market declines.

(But forgive - for hurting your fragile ego).

Edited August 8, 2010 by Parvis

[zorro1]

How old are you Parvis? that was very immature

My bet is that the unsatisfactory employment numbers in USA will bring on more stimulus from govt-

which may be why the DOW kicked up sharply in the last two hours of trade yesterday!

This is a very big deal. Perhaps some of the regulars here may have an opinion

Well apart from generally agreeing with the notion of attributing too much of anything to short term fluctuations in markets is not a great idea, I do have a slightly different view in how I see the economic fundamantals influencing the market in general.

I do think there is quite a lot of cash about and I do think that quite a lot of bad economic news has already been discounted by the market.

More importantly, I think a vague, tepid limp and lukewarm economic recovery is actually the best possible environment for the market. Any signs of a 'V' shaped economic recovery I think would be bad news for equities as people would anticipate interest rates rising sooner and faster and, given they are so low, the market is likely to be pretty sensitive. Obviously if the economy tanks again that would be bad news for equities too but while it is sort of muddling along you are seeing some growth with no signs of rate rises.

If you look at the 10 year UST yield on Friday it fell 10 basis points too 2.81%. It is difficult to be that bearish of equities with short term rates at 0% and longer term rates not much higher. If there was going to be a new stimulus package would rates have fallen? (I dont understand bonds so i dont know.) The markets reflect excess liquidity rather economic fundamentals at the moment.

"More importantly, I think a vague, tepid limp and lukewarm economic recovery is actually the best possible environment for the market. Any signs of a 'V' shaped economic recovery I think would be bad news for equities as people would anticipate interest rates rising sooner and faster and, given they are so low, the market is likely to be pretty sensitive. Obviously if the economy tanks again that would be bad news for equities too but while it is sort of muddling along you are seeing some growth with no signs of rate rises".

Thats certainly a very valid explanation and well put. What Im trying to fathom is whether or not excess liquidity or " more buyers n sellers" as Parvis eloquently stated would be looking for a new home and particularly in last Fridays early dump 'if' there was no possibility of a second stimulus?? its not unusual to have wild swings of late however There was certainly nothing muddling about the reaction to the sorry looking jobs report.

Edited August 8, 2010 by zorro1

[BlackJack]

USA getting ready for another massive injection of quantitative easing to hope against hope of stimulating the US market

In OZ we have a saying or 2

you can lead a horse to water but you cant make it drink and

its like flogging a dead horse

both apply to the USA market

[zorro1]

USA getting ready for another massive injection of quantitative easing to hope against hope of stimulating the US market

In OZ we have a saying or 2

you can lead a horse to water but you cant make it drink and

its like flogging a dead horse

both apply to the USA market

which in turn will start flogging our very healthy oz horses till their dead and then some

oh well...

[midas]

“Curiouser and curiouser !” Cried Alice

ICI Reports 13th Consecutive Week of Massive Domestic Equity Outflows As Banks Start To Panic

The latest update from ICI shows that the week ended July 28 saw a record 13th consecutive outflow from domestic mutual funds.

According to the FT, banks are starting to panic that as a result of collapsing trade volumes, profit target misses and massive layoffs are just around the corner.

“July was a miserable month for trading,” one senior banker said. “If August and September don’t rebound sharply, banks will be forced to cut jobs.

Retail investors have also shunned stocks. US equity mutual funds have been hit by 12 straight weeks of outflows totalling $40.7bn, says the Investment Company Institute.

[midas]

After reading that the poor old banksters aren’t making enough money from stock market trading because of low volume, I have something to say to Abrak and Parvis .

As people who constantly refer to the PPT as bullshit and that it’s a conspiracy theory for – this is like asking an amateur to fight the world boxing champion with one hand tied behind their back ! Because that is another one of the many reasons why a full audit of the FEDERAL RESERVE was demanded but was strenuously fought off .

Charles Biderman, chief executive of TrimTabs Investment Research, is the most credible person ( and incidentally Abrak – you couldn’t call him and idiot ) to directly charge that the Federal Reserve and the Treasury (in league with top Wall Street firms) is rigging the stock market on a daily basis.

So its time time for Fed to disprove PPT conspiracy theory –

i.e. Put up or SHUT UP !

Gosh I feel better now !

[Abrak]

After reading that the poor old banksters aren’t making enough money from stock market trading because of low volume, I have something to say to Abrak and Parvis .

As people who constantly refer to the PPT as bullshit and that it’s a conspiracy theory for – this is like asking an amateur to fight the world boxing champion with one hand tied behind their back ! Because that is another one of the many reasons why a full audit of the FEDERAL RESERVE was demanded but was strenuously fought off .

Charles Biderman, chief executive of TrimTabs Investment Research, is the most credible person ( and incidentally Abrak – you couldn’t call him and idiot ) to directly charge that the Federal Reserve and the Treasury (in league with top Wall Street firms) is rigging the stock market on a daily basis.

So its time time for Fed to disprove PPT conspiracy theory –

i.e. Put up or SHUT UP !

Gosh I feel better now !

Midas,

You are certainly missing the point of what I am trying to say.

Roughly speaking this is your argument.

(1) The stockmarket is essentially a 'rigged casino.'

(2) It is 'rigged' directly by the Fed through its 'near unlimited' control of monetary policy

(3) It is rigged 'indirectly' by the FED through an accomplice 'the PPT' that directly intervenes in the market to influence prices.

(4) And everything might all be 'revealed' or 'disproved' by an audit of the Fed. (Obviously I use the word 'disproved' incredibly liberally on the basis that you could audit Ireland until the cows came home and it wouldnt disprove the existence of little green Goblins.)

Anyway I think this gets to the heart (although is probably a gross simplification of what you are saying.)

Now please understand that there is one salient point in your theory that we can almost certainly agree on. That is that 'the Fed has almost unlimited control over monetary policy of what is actually the central reserve currency.' Errrr.... and they know it....

By that I mean lets be clear what Bernanke has said the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation

Now before you say Bernanke is an 'idiot' or where is the inflation or the Fed does not have this power consider this.... The price of virtually every commodity from oil, to wheat, to gold has gone up.... the stockmarket has actually gone up. House prices may still be falling but who do you think ramped them in the first? And where do you think they would be if short or long term rates were 8%.

Understand there is a second part of your theory which I cannot dispute. The stockmarket is essentially 'rigged' by the Fed who controls the value of money. This is why say BlackJack talks about expectation of renewed QE in the face of poor economic numbers being behind why the stockmarket is not falling on the back of them. It also means that asset prices of everything are rigged to a large extent because the Fed exercises vast control over the value of the denominator.

So please understand, I think the 'PPT' essentially lacks a 'motive'.

And that....

(1) To the extent the stockmarket is 'rigged' does not mean it is a 'casino'. If short term rates were moved to 5%, it will fall.

(2) If you already have the ability to 'rig' markets at no cost you dont need an 'accomplice'

(3) Auditing the Fed is a complete waste of time as you cannot audit the amount of money that it will choose 'to' print or choose 'not to' print in the future. Ultimately that is trying to audit 'little green goblins'.

Finally Midas - the call to audit the Fed, has nothing to do with actually auditing it. People wish to take away its power to 'rig' markets because it doesnt rig them productively.

P.S. If a conspiracy can be disproven, it essentially isnt much of a conspiracy in the first place.

Edited August 8, 2010 by Abrak

[jcon]

I would have thought by now you gentlemen would have figured out that this is all the fault of The Hamburglar.

[midas]

After reading that the poor old banksters aren’t making enough money from stock market trading because of low volume, I have something to say to Abrak and Parvis .

As people who constantly refer to the PPT as bullshit and that it’s a conspiracy theory for – this is like asking an amateur to fight the world boxing champion with one hand tied behind their back ! Because that is another one of the many reasons why a full audit of the FEDERAL RESERVE was demanded but was strenuously fought off .

Charles Biderman, chief executive of TrimTabs Investment Research, is the most credible person ( and incidentally Abrak – you couldn’t call him and idiot ) to directly charge that the Federal Reserve and the Treasury (in league with top Wall Street firms) is rigging the stock market on a daily basis.

So its time time for Fed to disprove PPT conspiracy theory –

i.e. Put up or SHUT UP !

Gosh I feel better now !

Midas,

You are certainly missing the point of what I am trying to say.

Roughly speaking this is your argument.

(1) The stockmarket is essentially a 'rigged casino.'

(2) It is 'rigged' directly by the Fed through its 'near unlimited' control of monetary policy

(3) It is rigged 'indirectly' by the FED through an accomplice 'the PPT' that directly intervenes in the market to influence prices.

(4) And everything might all be 'revealed' or 'disproved' by an audit of the Fed. (Obviously I use the word 'disproved' incredibly liberally on the basis that you could audit Ireland until the cows came home and it wouldnt disprove the existence of little green Goblins.)

Anyway I think this gets to the heart (although is probably a gross simplification of what you are saying.)

Now please understand that there is one salient point in your theory that we can almost certainly agree on. That is that 'the Fed has almost unlimited control over monetary policy of what is actually the central reserve currency.' Errrr.... and they know it....

By that I mean lets be clear what Bernanke has said the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation

Now before you say Bernanke is an 'idiot' or where is the inflation or the Fed does not have this power consider this.... The price of virtually every commodity from oil, to wheat, to gold has gone up.... the stockmarket has actually gone up. House prices may still be falling but who do you think ramped them in the first? And where do you think they would be if short or long term rates were 8%.

Understand there is a second part of your theory which I cannot dispute. The stockmarket is essentially 'rigged' by the Fed who controls the value of money. This is why say BlackJack talks about expectation of renewed QE in the face of poor economic numbers being behind why the stockmarket is not falling on the back of them. It also means that asset prices of everything are rigged to a large extent because the Fed exercises vast control over the value of the denominator.

So please understand, I think the 'PPT' essentially lacks a 'motive'.

And that....

(1) To the extent the stockmarket is 'rigged' does not mean it is a 'casino'. If short term rates were moved to 5%, it will fall.

(2) If you already have the ability to 'rig' markets at no cost you dont need an 'accomplice'

(3) Auditing the Fed is a complete waste of time as you cannot audit the amount of money

that it will choose 'to' print or choose 'not to' print in the future. Ultimately that is trying to audit 'little green goblins'.

Finally Midas - the call to audit the Fed, has nothing to do with actually auditing it. People wish to take away its power to 'rig' markets because it doesnt rig them productively.

P.S. If a conspiracy can be disproven, it essentially isnt much of a conspiracy in the first place.

And you Abrak are certainly missing my point as well.

This so called stockmarket is just a component of a much bigger Ponzi bubble which

has been re-created time after time to serve the interests of just a few people

and at the expense of the masses.

It’ s irrelevant to analyse the semantics of what an “ audit “ would encompass

in any case it might be more accurate to describe it as an “ investigation “

because buying equities or equity futures could violate Federal law and that

is what the investigators would need to look for . Its obvious they are hiding

something otherwise they wouldn’t have put up such a fight.

The whole Administration are lying, disingenious, incompetent muppets ( as Hugh Hendry quite rightly said ).

Just look at the statements made by some of these people who are supposedly in charge :-

Ben Shalom Bernanke “ There's No Housing Bubble to Go Bust ”

Joe Biden with his “ summer of recovery “

Timothy Geithner just last week “ Hails the Recovery “

What disingenuous ba**ards these people are.

Abrak you have often referred to the Americans watching too much American Idol

and being somewhat apathetic about the crimes their own government officials

are engaging in . But guess what - I think many also had the internet on at

the same time and now they are gradually waking up to this the greatest Ponzi scheme ever.

When i said earlier that i read many other web sites you immediately jumped down

my throat implying I was saying because of that i knew more about stock market

investing. That was certainly not the point because I don’t . And perhaps

I should have added the point I was making is that i spend a lot time also

scanning the “ readers comments “ after each of the article and some cases

it involves hundreds of responses. Ater all if the stockmarket is meant to

based on sentiment ( according to Parvis ) then this at least should be some

measure of how people view the so called stockmarket today . Well i can assure

you Abrak that the sentiment out there isn’t just negative – it’s downright

hostile !! Comment after comment after comment all over the web about taking

their money out of the system entirely because they don’t trust anyone else any

more and many are even preparing for a total collapse– oh and buying guns –

and the lets face it the reported gun sales figures support that this isn’t a

conspiracy theory either !

I suggest that instead of of a bunch of criminals re- creating bubbles all the

time the American people deserve to make the choice after receiving a thorough

and independent explanation on the advantages and disadvantages of de- leveraging

( not deflation as Rick Santelli quite correctly pointed out ) instead of

some unilateral choice that policy must always be aimed at recreating inflation.

And after people truly understand all the scenarios - put it to a referendum –

i.e. QUESTION to the American citizens - do you want the government on

your behalf to allow deleveraging to occur or do you want the government

to purse further inflationary policies ?

And then lets see what the results of such a poll would reveal !

And by the way,I am not so worried about Ben Shalom Bernanke being an idiot-

I am far more worried that the person making all these decisions on behalf of

the American people is a patholoigical liar.

Edited August 9, 2010 by midas

[midas]

I would have thought by now you gentlemen would have figured out that this is all the fault of The Hamburglar.

I think he should stand in the upcoming mid term elections for Peter Starks seat in California

[badge]

[...]

I had a sell signal on UK's ZU0/FTSE 100 last tuesday, which I took, along with UK banks and miners on wednesday, which I didnt take.

edit: I should add the signal is void on either a) a buy signal, or, a move above the previous signal price(5405 cash).

ESX has one at 2845, and I ran it over SPX briefly cos I know your all big traders and prefer the ES, and 1130 cash looked likely.

So in conclusion, FTSE has sell already, other share markets and commods look good for a little more upside first perhaps.

[...]

Shares and commods traded higher; of the market prices cited, ESX reversed stoutly from 2847(2 points out) and SPX reversed at 1129(1 point out). FTSE is still oscillating, menacingly around the 5405 level, also having previously reversed stoutly.

As added in the original posts 'edit' above, any higher high/buy signal voids.

Naturally how much leeway, or where one puts a stop, is down to ones own judgement.

[BlackJack]

Conspiracy (civil), an agreement between persons to deceive, mislead, or defraud others of their legal rights, or to gain an unfair advantage

I would have to agree that there is a civil conspiracy based on the above

the banks Fed politicians are all deceiving the public by the simple fact that they wont allow any audits and by the simple fact that after they (the big guns) were bailed out they (even bigger guns) made huge financial gains and bought out the little fishes

My take is that people should have some oil shares as when the printing money starts again then the inflation kicks in then oil shares rise.

Also better have some physical gold (make sure you have it in your bank vault and not theirs) as ur going to need it.

Currencys that should be OK are the Aus dollar Can dollar and the Swiss Franc

But Thailand should be OK so no need to worry -

[BlackJack]

Conspiracy (civil), an agreement between persons to deceive, mislead, or defraud others of their legal rights, or to gain an unfair advantage

I would have to agree that there is a civil conspiracy based on the above

the banks Fed politicians are all deceiving the public by the simple fact that they wont allow any audits and by the simple fact that after they (the big guns) were bailed out they (even bigger guns) made huge financial gains and bought out the little fishes

My take is that people should have some oil shares as when the printing money starts again then the inflation kicks in then oil shares rise.

Also better have some physical gold (make sure you have it in your bank vault and not theirs) as ur going to need it.

Currencys that should be OK are the Aus dollar Can dollar and the Swiss Franc

But Thailand should be OK so no need to worry -

this link is an interesting read http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=109470&sn=Detail&pid=92730

see the figures and the options for the cure are not good at all

obviously written by a gold bug - but i understanding what hes saying and its SCARY whats out there and the reputation of the USA is really whats at stake. Loosing the currency of the World is not easy cake to swallow - but swallow they must and then eat humble pie on top of it

oh the pain the pain

[midas]

Algorithmic Crop Circles Redux - Rise Of The Stock Market Machines Part 2

" If the authorities ( SEC ) are no longer willing to enforce the law and provide PROTECTION against theft and fraud, then they can expect the public to begin turning to vigilante justice.

Morally, what these HFT brigands are doing is no different than breaking into your house or business and stealing your valuables. Under such circumstances, the right to self-defense and protection of property is universally acknowledged."

http://www.zerohedge.com/article/algorithmic-crop-circles-redux-rise-stock-market-machines-part-2

[midas]

some examples of what the new style " stockmarket " looks like

KEY :- Picture # 1 08-09-10

NASDAQ "Broken Highway". 20,000 Quotes in 8.5 seconds , cycling the sizes, effecting the best bid and best ask through the entire sequence.

Picture # 2 08-09-10

NASDAQ "Landmine". 9000 quotes in 3 seconds from NASDAQ, each effecting the Best Ask. Although you can't see it in this block of 9000 quotes, bid and ask sizes were cycling during the block.

Picture # 3 08-05-10

"City Under Siege". Example of how a BATS price repeater (from the price to 0.0) reacts to other exchanges quoting.

Edited August 10, 2010 by midas

[chantorn]

Just buy low, sell high. And nothing will go wrong. Believe me.

[badge]

Algorithmic Crop Circles Redux - Rise Of The Stock Market Machines Part 2

" If the authorities ( SEC ) are no longer willing to enforce the law and provide PROTECTION against theft and fraud, then they can expect the public to begin turning to vigilante justice.

Morally, what these HFT brigands are doing is no different than breaking into your house or business and stealing your valuables. Under such circumstances, the right to self-defense and protection of property is universally acknowledged."

http://www.zerohedge...machines-part-2

Scaremongering/conspiracies from zeropleb.com to give the uninitiated an excuse for losing or a reason to wet the bed, how refreshing.

As has been detailed before, HFT are nothing more than incredibly fast trades that make barely a fraction of a ticks difference; they're trend neutral, so do not move prices in any direction.

That said, perhaps it could be conceived that HFT could marginally exacerbate a trend, very marginally, but so can anyone placing orders, always have, always will. In that article there are a few instances of stocks order books being moved..... a tick. Note this is the order book(bid/offer), and not actual trades being executed.

HFT provides liquidity/volume.

HFT could in ones wildest dreams only possibly be noteworthy to scalpers. Whos scalping? How has it affected you?

[badge]

Just buy low, sell high. And nothing will go wrong. Believe me.

I believe you

Be sure to let us know whens 'high', and whens 'low'. Preferably in advance.

Thanks.

[Abrak]

I suggest that instead of of a bunch of criminals re- creating bubbles all the

time the American people deserve to make the choice after receiving a thorough

and independent explanation on the advantages and disadvantages of de- leveraging

( not deflation as Rick Santelli quite correctly pointed out ) instead of

some unilateral choice that policy must always be aimed at recreating inflation.

And after people truly understand all the scenarios - put it to a referendum –

i.e. QUESTION to the American citizens - do you want the government on

your behalf to allow deleveraging to occur or do you want the government

to purse further inflationary policies ?

And then lets see what the results of such a poll would reveal !

To some extent this question or something fairly similar has already been asked. The responses certainly surprised me. BTW the actual response also seems to change if you rephrase the same question in a different manner.

http://www.pollingreport.com/budget.htm

[BlackJack]

Just buy low, sell high. And nothing will go wrong. Believe me.

I believe you

Be sure to let us know whens 'high', and whens 'low'. Preferably in advance.

Thanks.

DITTO

[BlackJack]

Can someone tell me if funds are taxed here in THailand?

For non traders it might be worth getting into a fund consisting of THai stocks - one small cap funds is doing extremely well 57.5% PA even with the 2% in fees and plus tax.

Does anyone know

tax could be 15%

but is this to be paid or with held?

check out Aberdeen as Thailand is strong and looks like getting stronger

[Parvis]

midas

Vote #1 - as American Citizen I prefer leveraging rather than deleveraging - modest inflation rather than ANY deflation ANY TIME.

I take offence of any non-citizen calling U.S officials abusive names - indirectly claiming that their opinion/experience is superior to elected officials. I may disagree with some - or even many actions by my Government - but this does not give me or any one else the right to be abusive. As American Citizen I can make my judgement count at the next elections - or writing to my Congress.

If you are not American and do not have a Phd in Economics - KINDLY SHUT UP..

Edited August 11, 2010 by Parvis