The Market System is Working

A fall of 777 points today.  In Las Vegas, those 3 numbers mean winning a jackpot.  The consensus seems to be that the sky is falling.  I see that we experienced a sizable earthquake that has shaken all the financial experts to the core.  This is a meaningful signpost reflecting the readjustment of energy that will allow a meaningful correction to our system and set the way for a healthy reconstruction.  

Using the using the word 'bailout' turned off the ordinary citizens.  Now the world 'investment' is being used to change the psychology of thinking.  Also, the way the FDIC is taking over these large banks like Washington Mutual and today, Wachovia the fourth largest bank, is a big factor in creating the fear energy that is saturating the financial stock sector.  Look at National City Bank that went down over 60% today.  I will not be surprised if they are taken over by the FDIC this week.  After researching the timeline of Washington Mutual, there is reasonable doubt that the FDIC acted in an appropriate manner.  They have been acting in haste without foresight to the ripple effect to the financial system.  In my opinion, these actions are much more damaging to investor confidence than the House rejecting the $700 bailout and are leading the charge in fall of the stock market.

I think that there is more illusion and fear about our financial system than what is real.  So I am optimistic that we collectively can make a difference by acting in our integrity, reducing debt in order to be free from control of the system, and by investing where there are great opportunities.  Our country does have a strong backbone and we will weather through this.