Panic, the human condition of over reacting is well apparent even on this web site as I read the ridiculous comments left by some about the present and future outlook for the markets.
I said that Ben Bernanke will draw us into the very thing he has focused on averting his whole academic life and that is a mood of depression. I said the FED needs to quit with the desperation and the emergency FED cuts now. Quit already will you Ben. You have read too many books and you can not see the forest from those trees.
To stem the panic you must become convinced there is no further need for emergency meetings for one. Emergency meetings imply and program into the herd PANIC, DESPERATION, CONFIRMATION that there is indeed a crisis growing. Ben you and your fellows are feeding the very thing you studied your whole life to avert. You are drawing us toward that focal point of study as I have warned would happened. I have stated on this blog many many times I did not trust you and the main reason was the research I found on you pointed to the greatest area of your weakness. That greatest area was the study of the Great Depression you have under your belt.
We are there now Ben, we are at the place that you have spent countless hours of study on.
It's ironic in a way for those who do not study human behavior but is logical for those who do.
Whether anyone wants to admit it or not or understands what I am trying to convey the fact is we are in a crisis situation. Is it blind luck or bad luck that Ben Bernanke has found himself dead center stage of what he was suppose to be the expert on containing or better put avoiding.
Change your mind set Ben. You bankers know that you must change your mind set to begin to change the mind set of the herd. You must cease with rate cuts and emergency meetings. You must but the fear may be too much for you. The chaos will control you bankers or you will control it, the later has yet to be seen. The chaos is overwhelming the FED and they are feeding it. The world sees this, I see this and one of these days when they feel enough pain the FED will see it.
HOW TO CONTAIN THE PANIC AND THE INCREASING PRICE OF OIL
Stop lowering interest rates.
That was an easy one.
Stop with the panic emergency meetings.
That was easy.
Leave the markets alone to heal Ben. Let the markets go Ben to do their thing. The more the FED gets involved the worse things will become. That is the damn trend already. Good frigging grief it does not take a rocket scientist or PHD in psychology to see the behavior pattern and the result and the conclusion of those behavior patterns. The conclusion is fact, we are here because of all prior behavior and that prior behavior has made this condition fact and it's our present state of being, that being a depressed state of confidence in the markets.
To instill confidence the FED must cease with the desperation and they must state the market will begin to heal itself. It will in the end be the conclusion anyway. The sooner the brain nerds use some damn common sense at the FED the sooner our markets will bottom.
I have stated we are in for a long and protracted recovery because I know the FED will not let this crisis go and it will take us down a road for the next 21 to 32 months as it attempt to play savior before realizing they are the ones who fed the panic and that will take a long time for them to finally realize and they will never admit it. You see people have a hard time admitting fault and so it goes for the FED and so it goes for America. Get use to the pain, the FED will not admit they are over stepping their realm of control and that over stepping is going to make things much worse before they say they can do no more, it's up to the markets to save themselves. That was always the case anyway before we arrived here.
READ BELOW
``This is a serious crisis,'' said David Goldman, senior portfolio strategist at Asteri Capital in New York and former head of debt research at Banc of America Securities LLC. ``Something is systemically very wrong and we're at a very dangerous moment.''
``Facilitating a purchase of Bear by JPMorgan is, in effect, more Band-Aids when the patient needs surgery,'' said Ed Rogers, chief executive of Rogers Investment Advisors Y.K., which runs a fund of hedge funds. ``There is a lot more pain to come.''
Love,
V.
