2 MAR 2010, Tuesday (AM)

• SP500 has gone sideways and corrective.  Possible support at 50 day MA (red) in vicinity of late JAN lows (1280 area).  Next level would be the NOV 2010 congestion area (1225-1175).  Perhaps Ben and Da Boyz get the "save" again.  Time will tell.
• And, below, what's all this talk of the deficit and debt...historical perspective.  

• So with all those US treasury bonds that need to be sold, let's for a moment look at who bought them previously, who's buying them now (ie, the Federal Reserve) and then look at who'll buy them next?
• See the problem?

• Where does the money come from for the federal budget and where does it go, below.