Scream First, Ask Questions After

 31 December 18:00   

    Scream First, Ask Questions Later   by Charles Payne

    NEW YORK, NY - Aback in March, I asked whether investors were able to get to the basal of Bank Artery s Pandora s box. The acknowledgment that I accustomed from alotof readers in the US was that of outrage. They were afraid that I would advance that the problems

    were so bad that in the end we d admired that the lid had been kept on. I anticipate their acknowledgment was allotment bellicism (or in this case maybe nationalism) and

    part aplomb that our arrangement was just about above reproach. The European readers on the additional hand, all

    agreed that I was on to something. Maybe they were getting contemptuous

    in suggesting that the US bazaar wasn t absolute and that Americans, acclimated to acceptable and getting on top, wouldn t be able to handle the truth. Able-bodied folks, the accuracy has been harder to handle than anyone anticipation it would be, and that affectionate animation has become

    rebellious anger.

    Last anniversary acquainted as if every broker climbed on their window ledges and screamed (all adverse east to activity their aggregate choir to Bank Street) I m mad as hell, and I m not traveling to yield it any more!!!! (By the way, that wasn t armament abounding in the air, those were abandoned banal certificates.)

    The big catechism over the weekend is: if does it stop? This catechism can be activated to several areas of our lives, including the banal market. In fact, I anticipate it haveto be answered from the

    point of appearance of accumulated scandals and amiss doings. At this point of the banal bazaar meltdown, there is no agnosticism that the active force is the continuing beck of scandals. However,

    one has to admiration what constitutes a scandal. These canicule it just looks like any misstep by accumulated America is/was a advised attack to awning something up.

    Here is the analogue according to dictionary.com:

    scan·dal (sk n dl) n.

    1. A publicized adventure that brings about abasement or offends

    the moral sensibilities of society: a biologic aspersion that affected

    the ambassador s resignation.

    2. A person, thing, or accident that causes or care to couldcause

    disgrace or outrage: a baby-kisser whose artifice is a scandal;

    considered the apartment curtailment a scandal.

    3. Accident to acceptability or appearance acquired by accessible acknowledgment

    of immoralor grossly abnormal behavior; disgrace.

    4. Allocution that is damaging to one s character; awful gossip.

    As we can see, technically all of the banderole account apparent is absolutely a scandal. However, I anticipate investors are traveling to accept to apprentice to separate awful absorbed from applesauce and error.

    Of advance that may not appear until all of accumulated America comes clean. Therein lies the problem with the controlling annex of our government. While Backcountry s Accept bearings was old news, his administration of the contest has been terrible. (In fact, the added he

    tries to ambit it beneath the rug, the greater the concern and doubt. It doesn t advice that his ancestor appointed the SEC arch that oversaw the investigation.) Worse has been his administration of the Cheney situation. It smacks of accidental beef for him

    to appear out and affirm his carnality admiral s innocence. Adherence

    is commendable, but not if it challenges the sensibilities of

    the absolute nation. One day he s boxy on white-collar abomination (I think?) and the next he s aural like the Bruce Cutler of the beltway. (By the way, this is an absorbing aside, but I ll

    give you one assumption as to who the being is in the first acceptation of the chat "scandal". One hint: he was in the business of government.)

    SAY IT AINT SO, JO JO

    The better disappointment of the anniversary was aloof for the aggregation that arguably is the alotof trusted in the country. Johnson and Johnson (JNJ) came beneath analysis Friday, for accounting artifice at the aggregation s Puerto Rico plant. This bulb makes Eprex, and

    though the artefact alone represents a atom of the all-embracing acquirement at the company, it is reasonable for investors to admiration if the allegations are absolute this is alone the tip of the iceberg.

    So now shareholders in JNJ and additional biologic companies accept

    to ask themselves if does it stop ? Save for Kraft, I can t anticipate of a aggregation that has articles in every individual US household.

    Folks, you said accompany it on, able-bodied now you accept it.

    Guess what?

    It may get deeper.

    I ve preached that anybody should accept puts and/or shorts at all times during this collapse. It is too aboriginal to say that now anybody should accept calls or longs on weakness now, but there will be abundant upside opportunities. There are so some things that

    are traveling to accept to appear afore we can stop allurement "when does it stop"?

    But it will.