Stocks notch The Worse Performance of an Inauguration; Barack Obama sworn in as the 44th President of the United States of America.

The stock market is down right TOXIC at this point in time.  It is clear as day the stock market is pricing in a cataclismic event for our economy.  Stocks fell better than 5% while volume was mixed it is clear the path of least resistance is DOWN.   Financials once again are proving to be an area that should not be touched!  Although Obama delivers a message of hope and prosperity his means to accomplish this feat will be proven to be wrong.  The stock market is foreshadowing the results of a Liberal Congress and President.

Financials are not the place to be long and strong.  BAC, C, STT, BOH, UMPQ, MS, JPM, and more are all TOXIC stocks.  Do not be surprised that in a matter of weeks, not months that the government acts to Nationalize the banking system.  If this occurs you can all but kiss good bye the equity in these companies, not that they have much due to their assets/liabilities on and OFF their balance sheet.  Stay away.

Its now time for Gold, Silver, and Platinum to run again.  Silver is looking mighty strong coming off its lows as well as platinum.  Gold is a bit more unclear and is very choppy, but it appears it wants upside.   GLD and SLW are a nice way to play, but I think more importantly is to start accumulating Gold, Silver, and Platinum bullion.  Make sure you are accumulating circullated coins as a means to protect you in a catastrophic event.

The market is very uncertain at this point in time, its not the time to be playing the long side with vengence.  Good luck and keep nimble.

MS

No Positions in the stocks mentioned above