IRAN AND NORTH KOREA DEVELOPMENTS SET THE TONE FOR THE EARLY SUMMER DOLDRUMS

* EVENTS FREEZING SPRING FLING RALLY BONANZA AS WE ENTER THE SUMMER
Astoria, New York
It may have been a dandy of a spring, but now the summer, with wet spring weather carryover in the Northeast, could signal a flattish to bearish pattern for the late June period. As predicted here at the real economist blogspot, the Dow was anticipated to trade in 8000 range finding resistance just below 9000 and support just above 8000. But now dark clouds, and not the ones hounding New York City for several weeks, have loomed and are threatening the markets once again. The two big ones are Iran with a possibility of a revolution destabilizing that country, and North Korea with perceived threat for missile launches in July, perhaps on the 4th. There are other clouds too but for the time being, here I am concerned mostly with the international news front.
The possibility for the Dow to revisit 8000 exists as early today we have fallen below 8500. Stay tuned here at the real economist blogspot for real ideas, not fake ones.

MANY AMERICANS APPLAUD OBAMA'S HEALTHCARE PROPOSALS

*OBAMA BELIEVES HEALTHCARE IS LARGEST ISSUE FOR CITIZENS
*OBAMA LOOKS AT LONG TERM SOLUTIONS AND REVAMPING OF THE INDUSTRY
Astoria, New York
It is a real problem, a problem that has tormented this nation for a while and that is loosing your medical insurance coverage. With Obama beginning to tackle this issue with a speech yesterday from Italy, a nation that has socialized coverage, a glimpse of the future is starting to appear. The United States, the largest economy in the world, was in the brinks of collapsing market and the president has blamed healthcare for that. He said that many corporations like Gm have failed because of the high and always increasing costs of medical insurance. Obama is seeking to revamp the healthcare plague with a different philosophy. The problem is embedded in the healthcare system and it will take time to solve it. Doctors, insurance companies and patients have to do their part in order to go forward. Doctors have to become real doctors and not pencil pushers, Obama said. They have to put the patient first and not their own interest. Insurance companies have to right thing by reimbursing accordingly while patients have to take care of themselves by doing checkups and avoid smoking or eating fatty foods. Obama has also said that he would not likely put caps on malpractice suits. Overall, the president believes that a healthy America will make a stronger America.

MAYOR BLOOMBERG TO JOIN ASTORIA HOMEOWNERS TENANTS BUSINESS ASSOCIATION ON JUNE 11th

ASTORIA HOMEOWNERS, TENANTS & BUSINESS

CIVIC ASSOCIATION

ATTENTION MEMBERS & ASTORIA COMMUNITY: Please attend this important meeting on

THURSDAY, JUNE 11^TH, 2009

7:30 P.M.

St. Francis of Assisi School Basement 21-17 45^th Street, Astoria, NY

SPECIAL GUEST SPEAKER:

THE HONORABLE

MICHAEL R. BLOOMBERG

MAYOR, CITY OF NEW YORK

Come and hear directly from the Mayor about how the city of New York is doing during these difficult economic times

and hear what his vision is

for the future of the city of New York.

•

We will be honoring Mayor Bloomberg with a plaque for his

many accomplishments for the past eight years.

•

In addition there will be an update on other community issues.

PLEASE JOIN US - YOUR PRESENCE AND INVOLVEMENT ARE VERY IMPORTANT FOR A BETTER COMMUNITY!