Saturday, July 25, 2009

Where is Madoff’s money?

This is really funny. Nobody is interested where Madoff’s money is. Look, there are billions of dollars missing and American authorities pretend that’s fine. This is absurd or something fishy in the air.

Is there any person who can ask such a question?

Can SEC and other guys answer it?

I agree that it was a Ponzi scheme but someone very influential (I guess quite a nice bunch) keeps those billions of dollars and is laughing at American taxpayers who seem to be indifferent.

Really strange.

I asked this question in June and still there's no answer so where is Madoff's money, Mr Obama?

How long will stocks go up?

Everybody wonders how long the stocks will go up and I’ll tell you: ask Goldman and Morgan.

No, just kidding but in fact now we see a big speculation everywhere. It’s hard to predict anything so the best idea for me is to follow big money and keep stocks until they say we’re done.

For S&P500 the support level for me is now 930 and 880 to buy more stocks.

I don’t buy American stock because I don’t trust your currency.

Unfortunately, neither do Chinese or anybody else with money.

So, coming back to the first question. I don’t care much just keep stocks and wait till it’s over.