The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

DJIA going to 8400

October8

I have been hinting in prior Blog posts that the DJIA is heading for 8400. /1

This is about where it was seven years ago before a great bull run. 

So, maybe this means we have an opportunity before us. 

Here is what I am thinking…

Oddly, oil is dropping – which means the US dollar gets stronger.  Ironically, this means foreign currencies get depressed – which in turn make it difficult for us to borrow from world banks to float the “Rescue Plan (aka Bailout)”.  NOTE:  It looks to me like the Fed, through Fannie Mae) wants to buy bad debt from the banks (with other people’s money), and then let Fannie Mae start with a clean sheet. So, when property values go up, Fannie Mae (the government benefits.  

Ha!  How contrived.  But, also rather slick.

But, our foreign allies don’t care for the notion of us borrowing from them to float bad paper (the nerve).

Never mind.

Meanwhile, both McCain and Obama seem to like the idea of reinitializing (my word for the process) mortgages.  They both brought it up during their “Apple Chunks”.

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What’s All This About?

"What am I looking at?", you might wonder.

Lots of stuff.

Meanwhile, here, I discuss events, people and things in our world - and, my (hardly simplistic, albeit inarticulate) views around them.

You'll also learn things about, well, things, like people you need to know about, and information about companies you can't find anywhere else.

So, while I harangue the public in my not so gentle way, you will discover that I am fascinated by all things arcane, curious about those whom appear religious, love music, dabble in politics, loathe the media, value education, still think I am an athlete, and might offer a recipe.

All the while, striving mightily, and daily, to remain a prudent and optimistic gentleman - and, authentic.

brian cork by John Campbell





photos by John Campbell

 

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