Friday, May 01, 2009

The Market On Friday


Souter is expected to retire. This gives Obama a chance to appoint a new Supreme Court justice and thank the fates that it is not Bush appointing another Federalist i.e. wacko. Roe vs. Wade would be history, the unitary presidency would re-arise, the rights of the individual would continue to recede, and on and on. The unholy quaternity of Alito, Scalia, Roberts, and Thomas are holding down wingnuttery, salivating for a fifth to complete the five pointed star of the dark side.

Souter was appointed by Bush 1. There is an alleged greening effect that takes hold of many Supreme Court justices particularly someone like Souter. Souter was a bona fide conservative. Over time he shed his skin and evolved to the light side. How about that.

Futures are up. Go figure. The big question everyone wants to know the answer to is this - will the April rally hold or are we heading south for the summer? I still maintain it is a bear market rally.

I predicted one rally day this week. Technically I am correct so far. I hope I'm wrong.

Reuters: Index futures point to higher Wall Street open
Chevron, the second largest U.S. oil company, is expected to report earnings of 83 cents per share, down from $2.48 a year earlier, according to Reuters Estimates.

3 comments:

Glynn Kalara said...

"The unholy quaternity of Alito, Scalia, Roberts, and Thomas are holding down wingnuttery, salivating for a fifth to complete the five pointed star of the dark side." Black magic indeed. The BV$H coven sure knew Alito and Roberts were 1,000 % pure nuttery didn't they? I'm sure they waterboarded these two before they got the nod ;) Were stuck with these bastards for the next 40 yrs. if the devil has anything to say in the matter. So, keeping a rational person in power is job 1 for the left for the next 40 yrs! Tough assignment given the right has most of the $$, guns and will to do evil whenever possible.

Jim Sande said...

Did you read where some people think Roberts might be a candidate for turning green just like Souter did. The thing is Roberts is no longer isolated with a purely Federalist bunch, he is going to have to argue against very sharp liberal minds. Scalia and Thomas are hopeless cases. Alito probably is too.

Glynn Kalara said...

I'll believe it when I see it. I think Roberts is just a s much a wingnut as the others. Friggin Thomas is scary and has no business being a judge period. Scalia is an egotist and open fascist. Alito is a federalist like Roberts. They are all the spawn of Bork( the devil).