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Morning Market Briefing – Monday- 10/07/2013

Last week, the market slightly sold off on no new news.  The only news affecting the market (or at least getting credit for affecting the market) was the Special Olympics in Washington.  The main event, a government shutdown, ended the first week in a total stalemate.  On one side, you had a president and a Senate fighting for Obamacare.  His opponent, the House, is fighting to remove Obamacare.

Personally, the idea of a health insurance system that covers every US citizen is an appealing one, if that’s what Obamacare is really about.  But the skeptical and cynical public is not buying the story.  What Obamacare appears to be is a law forcing every American to have insurance and removing our FREEDOM to choose.  The bill, just like the government shutdown, is a lie.

Recently, we learned what the government shutdown really was, a paid vacation for those employees who are not deemed essential and shouldn’t have a job in the first place.  In addition to that, the government shutdown is an opportunity to piss off the public.   Small national parks which sightings of federal employees were rarer than Bigfoot sightings had their parking lots closed denying the public access to trails.  Ironically, these small national parks, for the first time were packed with federal employees towing cars parked on side of roads and across the yellow tape.  Weren’t these douche bags supposed to be home?

The saddest news last week came on Wednesday, when government workers who are deemed essential murdered an unarmed mother in front of her child.  I’m sure that the public would have been disappointed if those heroes stayed home that day.  On Thursdays, a Man set himself on fire in Washington, clearly as a demonstration for what happened on Wednesday.  Government employees nowhere to be found as civilians tried to save him.

This morning, the US markets are pointing to a weaker open.  No doubt, most investors are seeing this as a buying opportunity because of the Bernanke put and the government ending the not real shutdown and raising the ceiling.  But as far as a political winner, both parties are now completely covered with shit with damaged reputation.  The only real winners are the public, which learned that their government is non-essential, corrupt and is currently doing more harm than good.  I bet we, Alphas Edge, are not alone when we wish to have our founding fathers back.

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