Dow Under 10k!!!!!!!

Wow, Dow finally broke the 10k important psychology level. At the moment, Dow drop 474 point to stand at 9850 point and s/p 500 at 1042 point after tank 57 point. Last time Dow below 10k was October of 2004!

Everybody on CNBC and Bloomberg screaming about fear and recession including the "famous" jim Cramer. However as we all know, we should be greedy when everybody is fearful. That's why some real expert beginning telling people to buy. Even Don Harrold start telling you it's time to consider buying, and warren buffet already opened his check book.

Just as everything looks right to buy, Fed again pump in more money into the system. This time around, Fed extend its loan to banks to 900 billion. Furthermore, some even scream for another round of rate cut.

Let us all ask ourself a simple question: Who Federal Reserve and Department of Treasury want to save, the US economy or Wall Street?

World stock market plunge today but so what? Stock market all over the world has been rising since 2003 until 2007 and investors earn millions of dollar. Everybody is happy during that time. Federal Reserve and Treasury Department never come out and say it's enough but when stock market plunge back to 2004 level everybody is screaming for help. Amazingly Federal Reserve and Treasury Department really trying to help them.

I said it time and time again if Fed and Treasury continue their style of managing US economy like that, Stock market and Dollar will plunge. Although dollar is still amazingly strong, let us just wait for trend reversal and starting shorting it against all major currency in the world except for pound.

For those short term investor, consider start buying when the trend of Dow and S/p 500 change and i truly believe that will happen because of bargain hunter, US pension fund, Fed, foreign government and "stupid traders".

For long term investor, ask yourself a question: Is US in the recession yet? if no, then do you think US will be in recession, if yes then why buy now???