The Global Problem - Greed

The world is criminal filled with "Greed": As the Bible says, "Greed" is the root of all evil, and we are seeing the effects around the world - the End of the world. http://beautifulbible.blogspot.com/2009/10/god-vs-mammon.html

After literally stealing trillions from Americans, we are still hearing noise and decoy about the housing markets. While it is easy to manipulate financial markets, R.E. markets will take decade to reoccupy and to regain the level prior to the bubble crash.

• MBS Buyback Program Should be Extended: Fed's Bullard

  A senior U.S. Federal Reserve official said its mortgage-related assets purchase program should be extended to help the economy recover from a painful recession. Mortgage Applications Drop Even as Rates Fall

• Russia has now turned into a "criminal state", according to the man who was once its leading foreign investor.

  Bill Browder of Hermitage Capital was reacting to the news that his lawyer had died in prison in Russia after being held for a year without charge. He told the BBC that his lawyer, Sergei Magnitsky, had effectively been "held hostage and they killed their hostage."

  Through Hermitage Capital Bill Browder campaigned against corruption at some of Russia's largest companies. http://news.bbc.co.uk/2/hi/business/8372894.stm
  

The problem which we are facing is not "size" of banks, for example, but THE REAL PROBLEM is GREED. When we control "greed", we will be heading to right path which will promote integrity, security, world peace, and other benefits of being fair and just.

Buffett noted "Greed will always exist" during the interview at Columbia University -- and as I noted before, he is a part of the world problem associated with Greed as we can see it in the world history. We need to control greed to fix long term problems around the world. To control "greed", we must see "effect regulation" as greed is a root of all evil, corruption, immorality, and all ill-wills around the world.


http://trend-signals.blogspot.com/2009/11/how-to-fix-america-and-world.html

While Bill Gates is certainly genuinely brilliant and generous, Buffett is inconsistently hype continues, for example, he is saving pennies while he is puffing up Americans to spend until going bankrupt. His giving away money to Gates is exceptional even though the means which he gained the money is ruthless.

• Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University http://www.cnbc.com/id/34096786
  

To Buffett: Don't fool around with Eternity.

• Buffett: Don't 'Fool Around' With the Fed's Independence

  In an exclusive Web extra, Warren Buffett tells CNBC he doesn't want Congress to "fool around" with the Federal Reserve's political independence, because it could lead to "a lot of mischief."

Gates & Buffett

Interesting interview : Gates is a genuinely brilliant and lucky man. Buffett is a ruthless businessman and Ben Graham is his only hero and god. Buffett frugality is certainly a good model. He asked his donation refunded from the Bill Gates foundation, but it seems that he again donated the billions?

• Warren Buffett's contribution of about $1.5 billion a year to the Bill & Melinda Gates Foundation will be used to seek cures for the world's worst diseases and improve American education, Bill Gates said Monday.
  http://www.usatoday.com/news/nation/2006-06-25-buffett-charity_x.htm

http://www.cnbc.com/id/33940689

Market Signals 080621

~~ DOW ~~ Cycle & Triple bottom near at DOW 11842 Weekly 200 ma support 11680 +/-. The 11800 +/- is also LT symmetrical triangle formation noted on previous posts.

FOMC meeting is on Tues/Wed. Rate decision on Wed.

Next week is a pivotal week as noted on (Bd 8800 ~ posts 8728, 8416)

With record high short and oversold market on daily, we will likely have a sharp rally.

6/27/2008 +/- is a turn date.

On weekly price action, favorable outcome is that markets consolidate in the LT triangle formation with wave C instead of breaking the lower sym triangle formation to lower target 10780 +/-. Nevertheless, we will likely see a bounce from the lower TL support after the recent pull back. For DOW, it is 10% pull back in one month in symmetry price actions from Mar 2008 low.

Good luck





~~ OEPM ~~ Qs -7%, SPY -9%, DIA 10% during the Jun OE