Federal Mishap

Can anyone doubt that there is some serious pain coming the way of government employees -

When it comes to pay, federal workers receive benefits that averaged about $41,791 in 2009. When you factor in salaries and those benefits, which include pensions, federal civil servants earned about $123,049 in 2009.

By comparison, private workers made $61,051 in total compensation, according to the Bureau of Economic Analysis.

The Real Effect
So Federal workers make more than double their private counterparts? Federal bubble anyone?
Predictably, they offer up the tired excuse of 'Well, we're more specialized and technical.' (Read as, it takes more BS to get our "statistics" out.)

On a semi-related note, as of 8/10 the Dow has given up 1519 points (13.56%) since April 26th to it's low of 9686 on July 2nd. Since then, through HFT trading shenanigans, (den) market interventions and loose fiscal policy, it has managed to claw back 95.5% of that loss.

Watch for the Dow to crash through support levels at 10,636 then 10,366 before it meets some resistance at 10,098 with a slight bounce around mid-September. Then all hell breaks loose as it violently crashes through any support that is offered realizing 300-1000 point drops as it rejoins the downward trend in October before finally meeting firm resistance at 9686. When that resistance finally gives way, say around November, look for increased panic as assets are sold off left and right to meet the dread margin calls as foolish investors get scalped.

Now any person with half a brain in their body realizes that when you let the cannibals into the house, eventually they start feasting on themselves. Indeed we have reached that magical place in the markets where actual trading has become divorced from any modicum of common sense and is a desolate wasteland roamed by bandits and murders intent on stripping any form of wealth from any who dare venture out.