On Heals of AIG News Markets off to Shaky Start

The News this morning that AIG is going to get even more bail out monies from the Government. To put it mildly, the markets are not reacting too well at all.

Here’s the charts:

Dow Jones:

image

image

VIX:

image

NASDAQ-100:

image

S&P 500 Index

image

QQQQ’s

image

XAU

image

Charts Courtesy of Think or Swim

Others: JustOneMinute, Commentary, Fausta’s Blog,Michelle Malkin,Don Surber, and more via Memeorandum 

Asian Markets Slide

The ripple effect of Government Socialism spreads:

Asian stock markets slumped Monday amid resurgent concerns that a recovery in the global economy is unlikely to materialize until next year and worries about the global financial sector following fresh government bailouts for the insurance giant American International Group and Citigroup.

The Nikkei 225, Japan’s benchmark index, was down 4 percent and the Kospi in South Korea fell 3.6 percent, while the key index in Hong Kong sagged 3.8 percent. Singapore’s stock market fell 3.3 percent, and the markets in Australia and Taiwan dropped 2.8 percent. Stocks in mainland China declined least, falling 0.2 percent by Monday afternoon.

Stock in banks like Mitsubishi UFJ and Mizuho Financial Group were more than 4 percent lower in Tokyo because of fears about the health of the global banking system, after the United States government moved to take a larger stake in the ailing banking giant Citigroup and was set to give an additional $30 billion in taxpayer money to AIG.

And in Hong Kong, trading in HSBC was suspended in the wake of reports that the British bank will announce on Monday that it is tapping investors for about £12 billion, or about $17 billion.

“It’s pretty despondent everywhere,” said Dwyfor Evans, a strategist at State Street Global Markets in Hong Kong. “Okay, there are signs that some of the leading indicators have stabilized to some extent, but it’s at a very, very low level, and we’re not seeing corporate investment picking up, or consumers starting to spend again – in other words, the traditional mechanisms by which economies come out of a recession are absent at this time.”

via Asian Markets Slump in Monday Trading – NYTimes.com.

While Barack Obama might be the President that saved the working class family in America, he might very well go down as the President who destroyed the free market capitalist system in America and around the World. Although, I will admit, that he did have help. Bill Clinton’s polices, along with the inaction of the Republican Congress of 2003, did nothing to stop this mess.

The bad part about is, I and everyone else will be most likely dead before it is all straightened out.

Welcome to the 21 century. 🙄

Afghanistan is not going to be an easy war

This does not look good at all:

Tactically, the U.S.-led night raid in the village of Bagh-i-Soltan was a success. U.S. military officials said the dead man and an accomplice now in custody were bombmakers linked to recent insurgent attacks. They said that they had tracked the men for days and that one was holding an assault rifle when they shot him.

Strategically, however, the incident was a disaster. Its most incriminating version — colored by villagers’ grief and anger, possibly twisted by Taliban propaganda and magnified by the growing influence of independent Afghan TV — spread far faster than U.S. authorities could even attempt to counter.

Worse, it happened in an area where the Obama administration has just launched an expensive military push, focusing on regions near Kabul, the capital, where Islamist insurgents are trying to gain influence. Several U.S. bases have been set up in Logar and adjacent Wardak province, and 3,000 troops have arrived since January. Their mandate is to strengthen security, facilitate aid projects and good government, and swing local opinion against the insurgents.

via Washington Post – Tactical Success, Strategic Defeat.

Folks, I am not and nor have I ever been under any illusion that the Afghanistan War was going to be any kind of a cake walk.  I realize that Pat Buchanan and many other Paleo-Conservatives and Libertarians (like Lew Rockwell) feel that this war is not winnable. The problem with that mentality is this here. It is founded in the notion that; like Iraq, it was unjustified. Well, let me be plain about it here. That line of thinking is just plain bullshit. Unlike Iraq, Afghanistan is very justified, that was the country of origin that the September 11’th attackers came from, most of them anyway. This is where Osama Bin Laden is holed up, in that tribal region.

What cheeses me the heck off, is the fact that these Anti-American, far lefty nut cases and some Paleo-Conservatives, like Pat Buchanan and Lew Rockwell want to see America just say “Oh well, we can’t get Osama!” and just pack up and leave. I am sorry to be the one to say this, but if we do this in Afghanistan, basically the Al-Qaeda terrorists that attacked on September 11’th and the bastards hold up in that tribal region will have won the damned battle. As much as I hate like hell to sound like former President George W. Bush, who when he said this about Iraq, may have been wrong; but when it comes to Afghanistan was and still is absoutely right, if we cut and run from Afghanistan, we will be worse off, than if we stay and fight till we either capture or kill Osama and root out Al-Qaeda in Afghanistan or at least topple the leadership there.

I just hope like hell that the Liberal media and Blogging World does not hand this victory to Osama Bin Ladin on a silver platter and in doing so put our Nation at greater risk than it is already.

(H/T Freedom’s Phoenix)

Trackposted to Buck Ofama, The Virtuous Republic, Blog @ MoreWhat.com, third world county, Woman Honor Thyself, Walls of the City, The World According to Carl, The Pink Flamingo, Leaning Straight Up, , Gulf Coast Hurricane Tracker, Stageleft, and Right Voices, thanks to Linkfest Haven Deluxe.

Linkfest Haven, the Blogger's Oasis

BlogAds Temporarily Removed

It’s times like these that I’m glad that I am a nightowl… 😀

It appears that the server that serves up the ads for BlogAds, which I carry here, has petered out! It was not allowing my Blog to load… The Cock-eyed thing! 🙄 😡

Anyhow, I’ve removed the code, until said server comes back to life, hopefully that will be sometime tonight or by the time, I awake from my slumber later today.

Good thing I noticed the Blog wasn’t loading. Whew.

Update: ….and naterally, the time it took me to go, “Hey! the servers broke”, to thier tech support, remove the code and write a posting about it; that’s right, the damn server recovered! 🙄

All is fine now…. I hope. 😮