And the saga continues..

Tomorrow, the House of Representatives will be forced to put there jobs on the line and vote for the $700 billion rescue bill approved by the Senate earlier this evening. Deja Vu? The House members will stroll in at a leisurely 11 am, and then open session at 12 pm, to debate and perhaps even further modify the bill. There was a nearly trillion dollar drop on Monday in the markets, when the House decided to go ahead and play politics and put ideological and partisan interests ahead of the people. In there defense, the representatives did receive countless phone calls from the American public, threatening of course the livelihood of each and every member of the house, saying that a vote for this bill is a vote for your permanent vacation.

Here is the problem: these elected officials are selected by the people supposedly thanks to there leadership and expertise. If they are so influenced in these matters, by a threat that they may not be able to go back to there poshy offices, come next year, then perhaps they are to weak minded to handle the responsibilities of their office. However,could there perhaps be another explanation? There are other interests, that may have had control of certain representatives, and these interests seeing that they could come in at bargain basement prices on some big names if they could cause a market drop, may have bought the representatives tongues. So, ok, from the obvious scenario to the Machiavellian, either which way, the bill WILL PASS by the latest Friday, and the question is, where will you be when it is done?

But Ralph, what happens, if it does not pass, and it is further extended? The reason why I mentioned the second conspiracy scenario, which is not so far fetched, is so that you know that the market, will not ever be so bad, that there will be bread lines and soup kitchens. This is not the 1920's, and we have a lot of very smart piranha out there, who do not want to lose there hard earned fortunes. Watch what the big boys are doing, follow there lead. In my Winners circle, you are going to see two companies, because one, needed to get mentioned, because it was a brilliant move on there part, but ultimately, Berkshire Hathaway will become one of the most stands to gain the most from this. A brilliant and suave move by the Omaha Sage to go ahead and put in a big stake of his money in General Electric. General Electric is another company that has its hands in everything, and with diversified industries of interest that range from aerospace engineering right down to media. If Warren is putting his money in the market, its because he knows that this is the time to buy and get control of these companies, now while the bread is hot.

The economic turmoil by no means is over, but this is a time that makes paupers into Kings, the main thing is to be smart about it. Remember, the worst thing that you can do, is allow yourself to let fear take you over. Don't fear, start looking at the companies, that you thought that you could never afford, and start throwing your weight into it.

Gee, I wish I worked for Berkshire-Hathaway. I wouldn't ask for a salary, just five of there stocks for five years would suffice. ;)