Market Reversal for March?
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- Michelle_Farrar
- added this
"California is deeply in debt. You could say that it's bankrupt," Attorney General - and presumptive Democratic gubernatorial candidate - Jerry Brown told a group of young Democrats earlier this month, as quoted in SF Gate. California's getting incredibly nearer to insolvency, and it's says a comprehensive Feb 22nd article in the Gate.
In fact, the state comptroller and other officials were warned by a credit rating agency to not publicly discuss the insolvency threat, or the agency would begin the process of a possible downgrade right then and there, says the paper. California is the eighth largest economy not in the country but in the world.
Cali has passed an emergency measure to sell billions of dollars in bonds on March 11. Essentially, they're applying for a new credit card to pay the old. The outcome will affect the American economy MUCH more than the 10% drop in one week in the European markets recently caused by the recent Greek 'tragedy'. Time for Californians to get their state income tax refund before they risk getting paid in IOUs (registered warrants) again.
The three options.- raise taxes, kill services, or issue ious all equal belt-tightening. With the lowest credit rating of the 50 states, Cali now pays the highest interest rates; if they are downgraded again to junk bond status, some lenders would no longer be able to do business with the state.
In a Marketwatch assesment on a decades-long downtrend of relative credit-worthiness, Kurt Brouwer writes, 'The three rating services [shown on the page] have slightly different grading systems, but the message is clear, California bonds are on a slippery slope heading south.''
Coincidentally, Western astrologers are predicting the month of March (specifically March 3-25) as a time of changes in a generally uptrending 2010. While some see astrology as evidence of ignorance or fatalism, others take the position of the stars as a cosmic clock, indicating a calendar for events originating on another plane. Either way, the predictions can be fun to prove or disprove. The charts see debt as the catalyst this time. Astrologers believe this might be the U.S. debt, of which the government of China is the second-largest creditholder, and which has increased around 50% in the last six months.
This would then a signal a time of wealth transfer, from the entrenched leisure class, maybe even the Western worldto the newbies who are first entering the market and buy at the 'going-out-of-business-sale' prices.
As Mr. Ben Stein once pointed out in his book, "Yes, You Can Time the Market", the Great Depression was the best time to buy stocks in the history of the American marketplace. The Great Recession similarly erased wealth for the generations of families who lived off of capital gains and its lower tax rates, but represents a buying opportunity for the new kid on the block.
And another opportunity to turn to the BEST things in life -they're free.
http://www.bondbuyer.com/news/-1008800-1.html
http://blogs.marketwatch.com/fundmastery/2010/01/27/california-muni-bonds-downgr...
http://www.yesyoucantimethemarket.com/
http://www.mmacycles.com/weekly-preview/comments-for-the-week
http://articles.sfgate.com/2010-02-22/news/17950763_1_bankruptcy-treasurer-bill-...
In fact, the state comptroller and other officials were warned by a credit rating agency to not publicly discuss the insolvency threat, or the agency would begin the process of a possible downgrade right then and there, says the paper. California is the eighth largest economy not in the country but in the world.
Cali has passed an emergency measure to sell billions of dollars in bonds on March 11. Essentially, they're applying for a new credit card to pay the old. The outcome will affect the American economy MUCH more than the 10% drop in one week in the European markets recently caused by the recent Greek 'tragedy'. Time for Californians to get their state income tax refund before they risk getting paid in IOUs (registered warrants) again.
The three options.- raise taxes, kill services, or issue ious all equal belt-tightening. With the lowest credit rating of the 50 states, Cali now pays the highest interest rates; if they are downgraded again to junk bond status, some lenders would no longer be able to do business with the state.
In a Marketwatch assesment on a decades-long downtrend of relative credit-worthiness, Kurt Brouwer writes, 'The three rating services [shown on the page] have slightly different grading systems, but the message is clear, California bonds are on a slippery slope heading south.''
Coincidentally, Western astrologers are predicting the month of March (specifically March 3-25) as a time of changes in a generally uptrending 2010. While some see astrology as evidence of ignorance or fatalism, others take the position of the stars as a cosmic clock, indicating a calendar for events originating on another plane. Either way, the predictions can be fun to prove or disprove. The charts see debt as the catalyst this time. Astrologers believe this might be the U.S. debt, of which the government of China is the second-largest creditholder, and which has increased around 50% in the last six months.
This would then a signal a time of wealth transfer, from the entrenched leisure class, maybe even the Western worldto the newbies who are first entering the market and buy at the 'going-out-of-business-sale' prices.
As Mr. Ben Stein once pointed out in his book, "Yes, You Can Time the Market", the Great Depression was the best time to buy stocks in the history of the American marketplace. The Great Recession similarly erased wealth for the generations of families who lived off of capital gains and its lower tax rates, but represents a buying opportunity for the new kid on the block.
And another opportunity to turn to the BEST things in life -they're free.
http://www.bondbuyer.com/news/-1008800-1.html
http://blogs.marketwatch.com/fundmastery/2010/01/27/california-muni-bonds-downgr...
http://www.yesyoucantimethemarket.com/
http://www.mmacycles.com/weekly-preview/comments-for-the-week
http://articles.sfgate.com/2010-02-22/news/17950763_1_bankruptcy-treasurer-bill-...
