Mapping Unchartered Territories

Speaking of movies while I was on vacation in Destin,Florida,I went to the Destin Commins lifestyle Mall and thier stadium cinema Rave Motion Pictures. I saw Angelina Jolie in WANTED in digital sound and digital picture. It was so real and if u listen close enough u could the background acustics. Comparing this cinema to the now closed Pemberton 4 the old Dolby stereo sound counldn't compare to this. Also the mall cinema multiplexes aren't so profitable as they use to be. Stadium Cinemas are now the norm and I experince my first stadium cinema in Houston,Texas over 11 years ago. As for Vicksburg Ms getting a cinema there isn't no word on the issue yet. I honestly believe the local officals are quiet to hide the fact they failed in bringing in one. Now the closures of cinemans,dvds and internet downloads has have a tremendous affect in my opinion. In the past when there was summer blockbuster the numbers would be billion but I notice it has dropped in the millions. I wonder how the CEOS of Cinemark,AMC,Regal Entertianment would explain themselves. I wouldn't mine seeing the issue of closing mall cinemas addressed sometime becouse I sincerely believe it affects the box office. Here's a headsup I picked up on yesterday CEO Summer Redstone is going to buy back his daughter's stock in National Amusements. Just thought I pass it on as an FYI.

The Finacnial sector is in the UNDISCOVERED COUNTRY as Shakespeare would phrase it. For instance I've been thinking about the problems of Frannie Mae and Freddie Mac. It makes wonder these two entities are part goverment and part private sector. Honestly I can tell you the taxpayers are reaching to breaking point. I don't like the idea of this buyout of both. Paulson and Treasury don't have all the answers. But look at both mortgage banks problems: nepetism,corruption. I suspect that both Freddie Mac and Fannie Mae exposed thier mortgages to the global marketplace. But Treasury Sec Paulson needs to be more open to congress on how deep the problem. Still I can't help think that these two banks played with customers' mortgages in the open marketplace like Bear Sterns. But nepetism,thier lobbyist,corruption of both fincianal entites needs to be rooted out. Further both banks need a top down management reviews to both banks need to reinvented and adjusted to the new global marketplace and realities. As for the SEC investigatiting rumors it's going to be hard to prove who spreads rumoors on Wall and Broad which spooks the marketplace. Rumors have existed in the market and sometimes a rumor turns out to be fact later on. Now Vicksburg is bad about rumors and gossip. Case in point if some of the citizens of Vicksburg ms were investigated by the SEC on rumor mongering; they would flatly deny the they spread it and some on Wall and Broad would do the same. Locally what irks me the most and pardon my biases here,is when one of the local realtors who is the cohost of the local am talk show which doesn't get no phone calls runs his mouth on the fact that Vicksburg has affordable homes. But reality is the homes aren't selling and locals are pulling thier roots to live someplace much better than this podunk. At the realtor cohost didn't see reality and as of this morning he admited the fact there are a high inventory of homes here which haven't been bought. He has confirmed the fact the housing bubble has hit home. As for the finincial ripple effects I can't help speculate if the local banks like Kootz,Trustmart and Regions are in trouble due to the credit crunch or bad mortgage exposures. I was please to see your report this morning on the local and regional banks as well.

What was the reason behind removing the uptick rule? Anybody could have told whomever changed the rule this would give an uneven advantage to the short sellers giving the power to manipulate and destroying companies as witnessed lately. I'm with you, bring it back for all and bring it back now. No 3 month discussion, NOW!!! Chuck M

Thanks Alexis. I'm not sure what the answers are with the markets in such poor shape. I agree with what you have written, but don't forget about the dollar as well. I don't see much hope coming from our elected politicians either, as our two presidential candidates seem as lost as the current one. We need elected leaders that actually understand our markets. Perhaps you should run for office. You'd get my vote! Thanks again.