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C.F.R. Pushes for Three Regional Currencies
Worldwide May 22, 2007
9/11 Debunkers Hide From Undeniable Evidence
of Controlled Demolition May 22, 2007
O'Reilly Still Claims No JFK Conspiracy
Despite Reporting on CIA Connections with Oswald 5-23-07
Bush Declares Himself Dictator Under New
Martial Law Provisions May 23, 2007
GOOGLE INVESTS IN GENETICS FIRM, PLANS PERSONAL
LIFE MANAGING May 23, 2007
Bush
Authorizes New Covert Action Against Iran May 22, 2007
Brian Ross and Richard
Esposito / The Blotter | May 23, 2007
The CIA has received secret presidential approval to mount a covert
"black" operation to destabilize the Iranian government, current and
former officials in the intelligence community tell the Blotter on ABCNews.com.
The sources, who spoke on the condition of anonymity because of the sensitive
nature of the subject, say President Bush has signed a "nonlethal
presidential finding" that puts into motion a CIA plan that reportedly
includes a coordinated campaign of propaganda, disinformation and manipulation of
Iran's currency and international financial transactions…..
Giuliani Confronted by 9/11 Truthers, Lies
About WTC Collapse May 29, 2007
Activists Go Head on With Evil as Rockefeller
Confronted May 29, 2007
Jim Tucker Heads for Istanbul May 29, 2007
UK
Considers Imposing Mandatory Vegan Diet to Fight Global Warming May 29, 2007
Meets Bilderberg While Insider Trading
Charges Mount in TX Buyout May 31, 2007
Giuliani Had Streets Closed Off to Avoid 9/11
Victim's Families Protest May 31, 2007
TEXAS GOVERNOR PERRY INVITED TO BILDERBERG
MEETING May 31, 2007
Cindy
Sheehan: Twin Towers' Collapse Looked Like Controlled Demolition May 31 , 2007
Pakistani Prime Minister Under FBI
Investigation Over TxU Insider Trading June 1, 2007
Giuliani Heckled, Booed By 9/11 Family
Members While Caught in Lie on WTC Collapse June 1, 2007
HPV VACCINE GARDASIL KILLS 3 GIRLS, HAS MORE
THAN 1600 ADVERSE REACTION REPORTS June 1, 2007
Al-Qaeda-Bilderberg
Connection? June 1, 2007
Ron
Paul Not Intimidated by History's Attempts to Stop Patriot Presidents &
Reformers June 2,
2007
UN WARNS: U.S. Debt Could Trigger Dollar
Collapse June 4, 2007
JFK Airport Plot Has All the Hallmarks of
Staged Terror June 4, 2007
G.O.P. Head: We Need More 'Attacks on
American Soil' So Bush Will Be Appreciated June 4, 2007
BILDERBERG
2007 COMES TO AN END June 4, 2007
Breaking: Reporter Arrested on Orders of
Mafiosa Facista Giuliani Staff at GOP Debate June 5, 2007
Experts Cast Doubt on Credibility of JFK
Terror Plot June 5, 2007
COMPLICIT, COWARDLY CORPORATE MEDIA HIDES
BILDERBERG June 5, 2007
What
Was Discussed at Bilderberg? June 5, 2007
Reporter Arrested on Orders of Mafiosa
Facista Giuliani Staff at GOP Debate June 6, 2007
Corporate Media Sidelines Ron Paul Again June 6, 2007
Criminal Indictments Sought Against Police,
Giuliani Staffers for Reporter's Arrest June 6, 2007
Ex-Spy
Thinks Whole Story About 9/11 Hasn't Been Told June 6,
2007
Breaking: Reporter Arrested on Orders of
Mafiosa Facista Giuliani Staff at GOP Debate June 5, 2007
Reporter Arrested on Orders of Mafiosa
Facista Giuliani Staff at GOP Debate June 6, 2007
RON PAUL ATTACKS GIULIANI'S SUPPORT OF NATIONAL
ID CARD June 7, 2007
Ron Paul The Five Million Dollar Man Gains on
Establishment Candidates 6-7-07
Ex-Spy
Thinks Whole Story About 9/11 Hasn't Been Told June 6,
2007
Secret CIA Jails Hosted by
Poland, Romania: Watchdog June 8, 2007
Gov. Perry Signs Addition
Homeland Security Bill June 8, 2007
CIA 'disappeared' seven-year-old children June 8, 2007
Children as young as seven years old were 'forcibly disappeared' by the CIA,
according to report published today jointly by six human rights groups naming
39 people who are believed to have been held in secret US custody and whose
current whereabouts remain unknown.
NY Times: U.S. Arming Sunni Insurgents in Iraq June 11, 2007
Bush Amnesty to Pardon Illegal Alien Child
Molesters, Gang Members & Tax Evaders June 11, 2007
PUTIN CALLS FOR NEW FINANCIAL WORLD ORDER June 11, 2007
G8
False Flag Terror Attack Averted? 'Security Men' With C4 Caught at Checkpoint June 11,
2007
Fed Informer Infiltrates Brown House June 12, 2007
US Army Pushes for Amnesty Bill Fast Track So
It Can Recruit Illegal Aliens June 12, 2007
Man Faces 7 Year Sentence Under
"Wiretapping Law" for Filming Police June 12, 2007
Pentagon
Confirms It Sought to Build a 'Gay Bomb' June 12, 2007
Randy Weaver May Join Browns As Feds Say They
Will Go In June 13, 2007
Iraqis Accuse U.S. of Bombing Shrine June 13, 2007
PRIME MINISTER BLAIR PUSHES FOR GOVERNMENT
CONTROL OF ONLINE PRESS June 13, 07
CNN
Samarra 'Inside Job' Report Now Downplays Second
False Flag on Golden Mosque 6-13-07
The Takeover Boom, About to Go Bust June 14, 2007
NRA, Democrats Team Up to Pass Gun Bill June 14, 2007
New SPP Records Reveal Plans to Bankroll
Mexico Infrastructure & Accelerate Financial Integration
CNN
Samarra 'Inside Job' Report Now Downplays Second
False Flag on Golden Mosque 6-14-07
US Occupiers Complicit in Sammara Blast June 15, 2007
Clintons Selling Off Stock in Murdoch-Owned
News Corp to Avoid Political Damage June 15, 2007
Blair's Plan to Sign New EU Constitution
'Secretly' Provokes Anger June 15, 2007
FEDs
Corner Tax Evader's Home-- Cutting Phone, Power, Internet June 14,
2007
Euro Globalists: Anyone Who Resists EU Is a
Terrorist June 18, 2007
NEGROPONTE BEHIND SAMARRA BLAST June 18, 2007
US Tank Bombs Yet Another Sunni Mosque, Now
in Baquba June 18, 2007
In
2001, Britain Feared U.S. Would 'Nuke' Afghanistan: Ex-Diplomat 6-18-07
9/11 Bombshell: Security Official Details
Early Explosions Inside WTC7 June 19,
2007
What the "Chinese Style" Internet
Will Look Like June 19, 2007
Reaction from the Press Conference: Randy
Weaver Joins Ed and Elaine Brown June 19,
2007
MICHAEL
MOORE: 9/11 COULD BE AN INSIDE JOB June
19, 2007
US, Israel Finalize Iran Strike Plan June 20, 2007
RON PAUL EXCLUDED FROM IOWA FORUM June 20, 2007
Interview with Mike Ryan, a Dying 9/11 First
Responder June 20, 2007
Clinton
Tape 'Captures Commission of Crime,' Lawyer Argues 6-20-07
Eugenics
Hits Austin in Population Connection Society June 21, 2007
Bohemian Grove Member Roster Sent Anonymously
to Infowars Office June 22, 2007
New 9/11 Study Has Direct Links to
Government, Pentagon Black Ops June 22, 2007
CIA To Declassify Decades of Dirty Laundry
and Secret Operations June 22, 2007
Corporate
America's Deadliest Secret June 22, 2007
Cheney and Bush Declare Autonomous
Dictatorial Powers June 25, 2007
Fmr. Soviet Dissident Warns: Stop EU Monster
Before Totalitarianism Takes Over June 25, 2007
GOP RON PAUL RALLY ON EXCLUSIONARY IOWA
DEBATE June 25, 2007
Everyone
We Fight in Iraq is Now "Al-Qaida" June 25,
2007
Norman Mineta Confirms: Cheney Ordered Stand
Down on 9/11 June 26, 2007
Bank of International Settlements Warns of
1930s-like 'Great Depression' June 26, 2007
Giuliani Acknowledged Explosions on 9/11,
Didn't Believe They Were 'Gas Related' June 26, 2007
Dow
Jones-Bidder Rupet Murdoch Flattered Communist Leaders and Did Business June 26,
2007
Norman Mineta Confirms: Cheney Ordered Stand
Down on 9/11 June 27, 2007
'Care' Effigy Taken from Bohemian Grove Just
Before July 15 Mock Sacrifice June 27, 2007
Giuliani Acknowledged Explosions on 9/11,
Didn't Believe They Were 'Gas Related' 6-27-07
AP
Smears and Sneers at Browns Yet Again June 27, 2007
Senate Blocks Immigration Bill, But Can It
Stop Further Assault? June 28, 2007
Ron Paul #1 in Republican Web Traffic;
Hillary Ahead of Obama June 28, 2007
Anti-First Amendment 'Fairness Doctrine'
About As Fair as Patriot Act is Patriotic June 28, 2007
HOW
TO AVOID HIRING AMERICANS: LAWYER ON VIDEO June 28, 2007
British MI5 Had Hand in Previous Car Bombings
June 29, 2007
New York Moves to BAN Public Filming and Video
Taping June 29, 2007
Ex-Reagan Associate Deputy Attorney General
Says Impeach Cheney June 29, 2007
Total
Proof that Bombs Were Planted in the Buildings on 9/11 June 29,
2007
Will the U.S. Be Hit Next as Another UK
Attack Said to be Imminent? June 30, 2007
Era of Gordon Brown Begins With Staged
Terror, Fears at 'Critical' Level June 30, 2007
Ex-Reagan Associate Deputy Attorney General
Says Impeach Cheney June 29, 2007
The
Last Stand of Internet Radio? June 30, 2007
Feds Gear Up for Summer of All Fearmongering July 2, 2007
Iraqi Terror Link a Propaganda Coup July 2, 2007
'Above the Law' Bush Wipes Away Scooter Libby
Prison Sentence July 2, 2007
Small
Device Explodes in Disney World Parking Lot; None Injured July 2,
2007
Globalist Think Tanks Call for Balkanization
of Iraq July 5, 2007
VIDEO: Protesters Turn Lens on Bloomberg's
Office Over NY Film Ban July 5-07
Charges Reduced for Reporter Arrested at GOP
Debates on Orders of Giuliani Staff July 5, 2007
David
de Rothschild Authors Handbook Accompanying 7/7 Global Warming Concert July 5, 2007
Embarrassing: Rothschild Says Jupiter, Saturn Closer to Sun Than Earth July 9, 2007
9/11 Truthers Invade Live Earth July 10, 2007
Military Analyst: West Needs More Terror to
Save Doomed Foreign Policy 7-10-07
Poll Shows New High in U.S. Opposition to
Iraq War July 10, 2007
Karl
Rove: 'I Make No Apologies' For Administration Mistakes, Lies July 10, 2007
9/11
Truth Graffiti Covers Arkansas Court House; Makes Frontpage News 7-10-07
Homeland Security Chair Responds to
Chertoff's 'Gut' July 11, 2007
Thinktank Says Families Should Have No More
Than Two Children July 11, 2007
Bush Administration Prays for More Dead
Americans July 11, 2007
Cheney
Impeachment Bill Gains Yet Another Co-Sponsor July 11, 2007
Sheehan: Distinct Chance of Staged Attack,
Martial Law July 12, 2007
U.S. Intel Warns al-Qaida Has Rebuilt July 12, 2007
Firefighters Rip Giuliani, Call Him 'Urban
Legend' July 12, 2007
RON
PAUL ON TUCKER CARLSON 7/11/07 July 12, 2007
ST911 Scientist to Sue BBC for
Public Deception July 16, 2007
U.S. Intel Warns al-Qaida Has
Rebuilt July 12, 2007
UN Can't Feed the World, it Warns
July 16, 2007
Another Dubious Osama Tape Appears When the Neo-Cons Need
It Most 7-16-07
Dallas 9-11 Truth Wins Push the Truth Video
Contest July 17, 2007
Former Reagan Official: Bush May Stage False
Flag Events to Reinstate Draft July 17, 2007
NEW FOOTAGE INSIDE THE BOHEMIAN CLUB July 17, 2007
Actress
Janeane Garofalo Blurts "9/11 Was an Inside Job" on Conan O'Brien
Show July 17, 2007
Newt: Anyone Who Believes 9/11 Not an Enemy
Attack is "Insane" July 20, 2007
FOX's Alan Colmes Runs Away from Critics July 20, 2007
President Bush to Veto Ban on Mercury in
Vaccines-- And Vaccines Are Not Suspicious Why? July 20, 2007
The 9/11
Documentary that Can't Be Debunked: The Ultimate Con July 20,
2007
FEMA Runs from Confrontation on WTC7 and
Camps July 23, 2007
Bush's Martial Law Plan So Shocking, Congress
Barred From Seeing It July 23, 2007
Total Hypocrisy of New Bush Executive Order July 23, 2007
New
Analysis of WTC Collapse Video Highlights Unmistakable Implosions July 23, 2007
BBC: Bush's Nazi Grandfather Planned Fascist
Coup in America July 24, 2007
A BBC Radio 4 investigation sheds new light on a major
subject that has received little historical attention, the conspiracy on behalf
of a group of influential powerbrokers, led by Prescott Bush, to overthrow FDR
and implement a fascist dictatorship in the U.S. based around the ideology of
Mussolini and Hitler.
D.C. Madame: "Big Names" May Be On
Client List July 24, 2007
FEMA Runs From Confrontation on WTC7 and
Camps July 23, 2007
DUBAI GOING
NEO-BABEL WITH ESOTERIC TEMPLES OF WEALTH? July 23, 2007
9/11 Victim's Family Member Demands News Coverage July 25, 2007
BBC: Bush's Grandfather Planned Fascist Coup in
America July 24, 2007
FEMA Runs From Confrontation on WTC7 and Camps July 23, 2007
No "Conspiracy
Theory": OKC Mayor Signed North American Union Document July 25, 2007
Colbert Hopes to Join Illuminati in World
Depopulation Aims July 26, 2007
Protester Removed from Fred Thompson Event
after North American Union Question July 26, 2007
Korey Rowe Released from Jail After Phone
Calls Pressure Army Offices July 26, 2007
Military
to Crackdown on North American Union Protesters July 26, 2007
Pat Tillman Clearly
Executed According to New Evidence July 27, 2007
Fox Sidesteps Charge that
Fred Thompson is 'Not a Conservative' to Mock NAU Critic July 28, 2007
PENTAGON PLANNING FOR IRAQ
PULLOUT July 27, 2007
Analysis: Gonzales Testimony Part of Broader Effort
to Conceal Surveillance Programs July 27, 2007
Soltz: Bush Must Clear Up Whether Tillman Was
Killed Over Politics July 30, 2007
Canadian Foreign Minister Confronted About
SPP, Denies 25km Security Perimeter July 30, 2007
Americans Want to Be Surveilled, Suggests New
ABC Poll July 30, 2007
Service
to Bush Now Trumps Service to Country July 30, 2007
Couple Terrorized and Arrested for Flying an
Upside Down U.S. Flag July 31, 2007
9/11/01 CBS Report: Flight 93 Crashed Near
Camp David July 31, 2007
Cheney Says He Is a 'Unique Creature,'
Refuses to Say He Is Part of Executive Branch July 31, 2007
Bush and
Brown Project Unity at Talks July 31, 2007
Pelosi, typical mob/mafia type guinea, Says
"No" to Investigating 9/11, no to impeachment, keep the crimes
flowing says wopelosi since it makes her kindred criminals look ‘par’, Victims'
Families Wanted Bill July 31, 2007
9/11/01 CBS Report: Flight 93 Crashed Near
Camp David July 31, 2007
Cheney Says He Is a 'Unique Creature', ie.,
dead man walking who should be prosecuted with bush et als for war crimes,
etc., Refuses to Say He Is Part of Executive Branch July 31, 2007
Bush and
Brown Project Unity at Talks July 31, 2007
Bloomberg Confronted as Film Restrictions Set
for Enforcement August 2,
2007
9/11/01 CBS Report: Flight 93 Crashed Near
Camp David July 31, 2007
Cheney Says He Is a 'Unique Creature,'
Refuses to Say He Is Part of Executive Branch July 31, 2007
Bush and
Brown Project Unity at Talks July 31, 2007
Reporters Booted Out of Michelle Obama Event August 3, 2007
A Cinematic Look at New York's Police State
and Clash with Daily Life in Mini-Doc August 2, 2007
Law of the Sea Treaty (L.O.S.T.)-- a 2007
Bilderberg Plank-- Now Before Senate August 3, 2007
Die Hard 4:
News is Completely Manipulated August 2, 2007
Fox News Attempts to Smear
Ron Paul After Iowa Debate August 6, 2007
New Law Will Transform
Telecom Into Permanent Spy Architecture August 6, 2007
WILL THE ECONOMY GO BUST? August 6, 2007
Edging Out English August 6,
2007
Fox News Uncovers Ron Paul's Most Shocking
Skeleton in the Closet August 7, 2007
New York Police Must Turn Over Surveillance
Reports August 7,
2007
WILL THE ECONOMY GO BUST? August 6, 2007
Edging
Out English August 6,
THE TIMELINE TO TYRANNY August 7, 2007
Reporter Arrested at
Protest Had Camera Seized, Pressured to Inform on Other Press August 7, 2007
Bloomberg Confronted on
Subways Over Attempt to Restrict Cameras in NYC August 7, 2007
Fox News Uncovers Ron Paul's Most Shocking Skeleton
in the Closet August 7, 2007
9/11 Commission Ignored Firefighter's Account
of WTC Explosions August 9, 2007
U.S.-Canada 'FAST' Trade Program
Grants RFID Fly Over for Borders August 9, 2007
AT&T Censor Anti-Bush Lyrics During Live
Webcast August 9,
2007
World
Stocks Slide on Fresh U.S. Credit Concers August 9, 2007
Extra Pay Incentive for NYPD to Be More
"Aggressive" August 14, 2007
Learn From the Fall of Rome, US Warned August 14, 2007
Newsweek Editor Slams Magazine's Own Global
Warming Coverage As "Fundamentally Misleading" August 14, 2007
ROMNEY
JOKES ABOUT CHEATING IN IOWA POLL, DODGING QUESTIONS August 14,
2007
CFR Stacked With Both Democrat and Republican Presidential Candidates August 15, 2007
China's Tallest Building Catches Fire, Does
Not Collapse August 15, 2007
Credibility of Wikipedia Takes a Dive After
Wired Exposé August 15, 2007
Rove
Going Yes His Executive Privilege Remains August
15, 2007
Economic Expert:
We Are Already In An Engineered Recession
China
Launches New Crackdown on Media
The
Attack on Free Speech Worldwide Arabic
News Regional, Politics,
8/15/2007
Prices for key
foods are rising sharply...
Existing
Home Sales Fall in 41 States...
Four Suicide
Bombings Kill 500 in Iraq...
War Stress Pushing Army Suicides Higher
By PAULINE JELINEK 08.16.07, 6:49 PM ET Repeated and ever-longer war-zone tours
are putting increasing pressure on military families, the Army said Thursday,
helping push soldier suicides to a record rate.
Army suicides on
the rise GovExec.com
US military
suicides at highest rate for 16 years Guardian
Unlimited
Feds Train Clergy to "Quell
Dissent" During Martial Law August
16, 2007
Alex Jones Debates Crony Over Martial Law
Agenda in Televised Interview August
16, 2007
Credibility of Wikipedia Takes a Dive After
Wired Exposé August 16, 2007
Economic
Collapse as Precursor to Open Plan for Martial Law? August
16, 2007
Neo-Cons: Make Bush Dictator of the World August 17, 2007
Bank Runs at Mortgage Giant Countrywide
Financial as Worries Trigger Cash Rush August 17, 2007
Russia Restores Soviet-era Strategic Bomber
Patrols: Putin August 17, 2007
FEAR
THAT FED'S ACTION IS SIGN IT KNOWS OF LURKING DANGER August 17,
2007
Protests Begin Ahead of Montebello Summit August
20, 2007
Partnership Viewed as a Threat to Sovereignty August
20, 2007
Congress Tells Bush to Back Off SPP Agenda August
20, 2007
Establishment Media Ignores Ron Paul Straw Poll
Success August 20, 2007
Local Troops Deployed to Capital in
Washington for Patrol August 28, 2007
Aaron Russo: Champion of Freedom August
28, 2007
US ATTORNEY GENERAL GONZALES RESIGNS August
28, 2007
Market
Crash Forecast May Suggest New 9/11 August 28, 2007
Newsweek: "We Are Going to Get Hit
Again" August 29, 2007
Congressman Ramstad: Friend's Death Proof al
Qaeda Not Demolition Felled Towers August 29, 2007
Gonzales Changed Out Like Bird Cage Liner,
Illegal Spying Stays August 29, 2007
Senator
Craig Next in Line of Hypocritical Republican Gay Sex Scandals August 29,
2007
9/11 Truth Events in New York to Be Biggest
in History August 29, 2007
Upcoming APEC Summit Will Garner Australia's
Largest Ever Security Operation August 29, 2007
Fidel Castro Says a Clinton-Obama Ticket
Would Be Unbeatable August 29, 2007
Global
Stocks in Volatile Trading August 29, 2007
Full Moon Does It Again As Wall Street
Lunatic/Frauds Spur Higher Oil Price Rally – Forget the previous day’s economic
data, at least oil’s going up on lower inventories- Great for the
economy…..riiiiight!
Pentagon Draws 'Three-Day Blitz' Airstrike
Plan for Iran September 3, 2007
Bush Sets Framework for UN Pandemic Power
Grab September 3, 2007
APEC 'Rioters' Plot to Target Bush, Threaten
Violence September 3, 2007
Video:
Ron Paul Rally at the Texas Straw Poll September 3 ,
2007
Protesting Bush Outlawed at APEC September 4, 2007
Dallas Morning News: Don't Fear that U.S.,
Canada, Mexico Will Merge September 4, 2007
Papers Please: Arrested at Circuit City September 4, 2007
10
Indications That the U.S. is Planning Military Action Against Iran September 4 , 2007
Cheney Aide Threatened Terror to Silence DoJ
Lawyer September 5,
2007
List of 9/11 Events in New York September 5, 2007
All UK 'Must Be on DNA Database' September 5, 2007
SYDNEY
'LOCKED DOWN' AS BUSH ARRIVES FOR APEC SUMMIT September 5 , 2007
For criminal America, the song remains the same: Despite reality and
a contraindicated position in Iraq, More lies, deception, war crimes, war
profiteering, fraud, civilian deaths. All objective military personnel and
so-called leaders have been removed. There is no dissent. What remains are the
slugs from the criminals bush/clinton/bush eras. How pathetic. not even one
corruption/fraud-free aspect of americana/institutions, etc., remains. What a
decline/fall for america!
London
Guardian pro-truth piece: 9/11 - the big cover-up?
9/11 Truth In NYC: Photo Album
Arizona:
Dozens Gather for 9/11 Protest on I-10 Bridge
Mainstream
Journalist: I Was Wrong On 9/11 Truth
Establishment
Media Tries To Convince 9/11 Truthers To Give Up
Cuba
accuses U.S. regarding 9/11
9-11-2007,
Massive 9/11 Truth Action in NYC
Painful
9/11 truth
Meigs
& Fox News Attempt To Rescue Flagging Official Story
9/11
Truthers Not So "Out Of Their Mind" After All
9/11
Families Slam Government Over Anniversary
Seed
Of 9/11: U.S. Officials Begin Crafting Iran Bombing Plan
A
9/11 Widow: Disgust, Dismay
Former
Assistant Secretary of the Treasury: "it is impossible to dismiss
skeptics" of government's explanation of 9/11
AP
Poll: Most see Iraq war as failure
Oilman
on Trial in Iraq Conspiracy Case
Oil Hits $80 a
Barrel for First Time...
RECORD LOW: Dollar Fades Against Euro...
2 Soldiers Who Wrote Op-Ed Eliminated By
Mobster Pentagoners in Iraq The Associated Press -
TEXAS CITY, Texas (AP) — Two sergeants who
helped write a New York Times op-ed article sharply critical of the Pentagon's
assessment of the Iraq war were killed in a Baghdad crash this week, and one
grieving mother wants the Army to explain their deaths., , and one
grieving mother wants the Army to explain their ...
Soldiers
who signed anti-war op-ed piece die in Iraq CNN
Soldiers
Killed Wrote Opinion Piece in Newspaper abc11tv.com
Were War Critic
Soldiers Killed To Send Message?The mother of a
soldier who died in an apparent vehicle accident shortly after writing a New
York Times op-ed critical of the war in Iraq is demanding to know the truth
about what happened to her son, while another author of the piece was also shot
in the head in a case that bears a sinister resemblance to the murder of Pat
Tillman.
What’s the next new criminal american bull s**t story underlying the current
computerized programmed trade churn-and-earn fraud. It’s certainly not
economic/security analysis/valuation vis-à-vis the upswings. Then there’s the
grossly understated inflation rate fuel by worthless being printed like
mad…..time to focus on food/energy as well…..just buy a few things at the
supermarket, etc.!
Editorial: Replay of Old Charade 9
September 2007 Washington
seeks to pressure UN inspectors into quitting their search for weapons of mass
destruction. Washington says a terrorist regime is bent upon WMD and poses an
imminent danger to world peace. Washington makes no secret of its belief that
the only option to end the threat is military action. This is how it began in
Iraq and now the whole awful charade is starting to be played out again — over
Iran….
9/11 Truthers Not So "Out Of Their Mind" After All
9/11
Families Slam Government Over Anniversary
Seed Of 9/11: U.S. Officials Begin Crafting Iran Bombing Plan
A 9/11 Widow: Disgust, Dismay
Former Assistant Secretary of the Treasury: "it is impossible to
dismiss skeptics" of government's explanation of 9/11
Six
years after 9-11, Congress still has no emergency plan
Reunited
By 9/11, Giuliani And Kerik Keep Their Distance
A Respectful Tribute?
We Are Change TV: 9/11 Truth
Live At Ground Zero
BBC: Debunked
"Pancake Theory" Caused Towers To Collapse
Reason
Magazine: Geraldo Bolstered 9/11 Truth
AOL Poll: Who Deserves Their Message Promoted? Geraldo or Alex
Jones?
Giuliani walks fine line on 9/11 in White House bid
Hit
Piece: The Ground Zero Grassy Knoll
How Did Human Remains End Up Miles
From Flight 93's Crash Site?
America's Number One Collapse Expert
Thought WTC Bombed
9/11 Truth In New York City 2007: News Coverage
Geraldo Gives 9/11 Truthers the Finger
Live 9/11/2007 Blogging
9/11 First Responder Heard WTC7 Demolition
Countdown September 13,
2007
Ed & Elaine Brown Discuss Arrests of
Their Supporters September 13, 2007
Researcher: Bin Laden's Beard is Real, Video
is Not September 13,
2007
General
Tommy Franks: Iraq May Require 10-20 More Years September 13 , 2007
Press for Truth Packs Theater on 9/11 Anniversary September 14, 2007
Rapper Mos Def: Bin Laden a 'Boogeyman,'
Didn't Bring Down Towers on 9/11 September 14,
2007
Were Soldiers Critical of the War Killed to
Send a Message? September 14,
2007
New
York Times: Man Confronts Giuliani at Ground Zero Ceremony September 14 , 2007
Iran: Proxy War Could Soon Turn to Direct
Conflict, Analysts Warn September17,2007
9/11 Truth Saturates The Hague After Previous
Attempts to Stifle Speech September17,2007
Bill Maher is 9/11 Weary: Truthers Need
Professional Help, Not Publicity September17,2007
9/11/07
Footage: March from Ground Zero to WTC7 and Wall Street Sept 17 , 2007
Blackwater
security firm banned from Iraq
Hannity
Lies To War Widow To Push Her Into Promoting His Partisan Agenda
Greenspan:
Euro Gains As Reserve Choice
Syria
warns of US 'lies' over Israel air violation
U.S. Treasury Secretary: Prepare for Prolonged
Turmoil September 18,
2007
Left Cheers Student Brutally Tazered After Asking
John Kerry a Question September 18,
2007
Attorney General Nominee is Pro-Patriot Act and a
Giuliani Campaign Advisor September 18, 2007
Oil Trades
Near Record; Bilderberg Plan to Hike Oil and Ruin Middle Class Ever Closer September 18 , 2007
AP Demonizes Tazered Student as
"Prankster" to Justify Police Force September 19, 2007
Gang of Off-Duty New York Police Assault
Cameraman September 19,
2007
U.S. Treasury Secretary: Prepare for
Prolonged Turmoil September 18, 2007
Oil
Trades Near Record; Bilderberg Plan to Hike Oil and Ruin Middle Class Ever
Closer September 18 , 2007
Schools in Oregon, Texas, California Adopting
Mexican Curriculum September 20, 2007
Ron Paul Confronts Fed Chair on Deliberately
Destroying the Dollar September 20, 2007
Analyst: Mystery Trades Were Profit Scam for
Fearmongers September 20,
2007
Bin
Laden Tape to Declare War on Musharraf After Pressure for Pakistani President September 20 , 2007
Kissinger Admits Iran Attack is About Oil September 21, 2007
Giuliani Mocks 2nd Amendment While
Ingratiating GOP on Gun Rights September 21,
2007
House Prices to Drop Much Lower: Greenspan September 21, 2007
Taser
Incident Draws State Investigation September 21 ,
2007
Publicly Shamed for Intentional Destruction
of Dollar September 21, 2007
Kissinger Admits Iran Attack is About Oil September 21, 2007
House Prices to Drop Much Lower: Greenspan September 21, 2007
Taser
Incident Draws State Investigation September 21 , 2007
Giuliani Confronted for Desecrating 9/11 Dead
September 24, 2007
Minority Report Style Invasive Advertising
Gains Traction September 24,
2007
Disillusioned Public Frighteningly Ignorant
of Basic Public Issues September 24, 2007
Blackwater
Faces Terrorism Charges September 24 , 2007
Bush Quietly Advising Hillary Clinton, Top
Democrats September 25,
2007
George Hunt Reveals Elitist Depopulation
Agenda at '92 UNCED Earth Summit September 25, 2007
FED Projects 4-Year Recession; IMF: Global Financial Crisis Will Lead to
Long Fallout September 25,
2007
MySpace
Censors Anti-War Websites September 25 , 2007
If Humans Are a Virus, Then What is the End
Game? September 26,
2007
Gun Bill Rewrites Law to Disarm More
Americans September 26,
2007
2008 Candidates Load Up On Cash for Final
Push September 26,
2007
British
MPs: EU Treaty Debate 'Must End' September 26, 2007
Ron Paul Calls for an End to the 'War on
Drugs' September 28, 2007
Shocking New Revelations on 9/11 Ground Zero
Cover-up September 28, 2007
Alex Jones' New Film "Endgame"
Changes Minds: Part 2 September 28,
2007
African
Archbishop Says Condoms Deliberately Infected With HIV September 28, 2007
Marvin Bush Bullhorned Over 9/11 Security
Role October 2, 2007
Giuliani Lies About Suppressed EPA Reports October 2, 2007
Alex Jones' New Film "Endgame"
Changes Minds: Part 2 September 28, 2007
Why
the GOP Must Nominate Ron Paul October 2, 2007
New 9/11 Witness Saw Secondary Explosions and
a First Floor Impact October 3, 2007
Giuliani Lies About Suppressed EPA Reports October 2, 2007
Seven Retards Return for War on Terror Show
Trial October 3,
2007
Prince
Philip 'Told MI6 to Murder Diana and Lover' October 3, 2007
Only Two Dozen "Al-Qaeda" Left,
Says Ex-CIA Man October 4,
2007
Secret U.S. Endorsement of Severe
Interrogations October 4,
2007
Report: LA Deputies Held Arrest Contests October 4, 2007
One
in Three Britons Considers Leaving UK October 4, 2007
Browns Were Duped by "Trojan Horse"
Marshals Posing as Supporters October 5, 2007
Ron Paul's Chances of Winning Continue to
Improve October 5, 2007
Qatar & Vietnam Ditch the Dollar October 5, 2007
Peace
Activists Denied Entry at Canadian Border October 5, 2007
UK Green Lights Iran Strike October 8, 2007
Supporters Fear Ed Brown is Being Tortured October 8, 2007
Congressman: Dollar Could Collapse to
Absolute Zero October 8,
2007
Peace
Activists Denied Entry at Canadian Border October 5, 2007
Vicente Fox Admits Plan for Single NAFTA
Currency October 9,
2007
Mexico's former president, Vicente
Fox, made an astounding admission last night on CNN's Larry King Live when he
acknowledged the plan for a NAFTA single currency, a "euro-dollar" as
King labeled it.
Attention Shoppers: 9/11 Truth Blasted Over
Wal-Mart Intercom October 9, 2007
Ron Paul Calls Military Interventionists the
Real 'Isolationists' October 9, 2007
Media
Propaganda Says Lack of Illegals Responsible for Food Price Inflation October 9, 2007
Ron Paul a 'Stranger' in the GOP October 10, 2007
Life Extension Technologies to Facilitate
Elite Technocracy October 10, 2007
Giuliani Initiates Attack on Hillary, Hailing
the Effective End of Scripted GOP Primaries October 10, 2007
NATO,
U.S. Aiding PKK Terrorists In Turkey October 10, 2007
Digg This! New Ron Paul Video #1 On Digg! For
Entire Month October 12, 2007
Hillary Confronted on Bilderberg Involvement
in Oakland October 12, 2007
New Eyewitness to WTC Basement Level
Explosions October 12, 2007
Senator:
WTC7's Report Omission is 'Black Helicopter Stuff' October 12, 2007
Smear Campaign
Against Ron Paul Goes Into Overdrive October 12, 2007
Condoleezza Rice & CFR Usher in
Pan-American Community October 16, 2007
Media Covers 'Ron Paul Revolution' at Austin
Rally October 15,
2007
How to Spread the Ron Paul Revolution to 7
Million Cars Every Month October 16, 2007
Protesters
Disrupt Al Gore Event to Expose Phony-Environmentalism October 15, 2007
'Blacks Less Intelligent' Comments Betray
Dark Mindset of Eugenics October 17, 2007
NIST Admits Total Collapse of Twin Towers
Unexplainable October 17,
2007
Pan-American Community Part of "Greater
America" Vision? October 17, 2007
Protesters
Disrupt Al Gore Event to Expose Phony-Environmentalism October 15, 2007
Establishment Media Finally Admits Ron Paul
Is Top Tier Candidate October 18, 2007
Bush warns of World War III if Iran goes
nuclearOctober 18,
2007
Schwarzenegger Gets Heat For Signing 'Sexual
Indoctrination' Bills October 18, 2007
Paul
leads in donations from military voters, with Obama next October 18, 2007
Sunday
NY Post Blacks Out Ron Paul October 22, 2007
Loose
Change Final Cut Release Date Announced October 22, 2007
Clinton
and Drudge Coordinating Together? October 22, 2007
Kristol:
Iran Is ‘The Only Real Threat’ To Success In Iraq October 22, 2007
Neo-Con Podhoretz Tells Audience to
"Shut Up" After Tough Questions October 23, 2007
Glen Beck Calls 9/11 Truthers as 'Insane' and
'Dangerous Anarchists' October 23, 2007
News Corp becomes largest media empire in the
world October 23,
2007
Sarkozy,
in Morocco, will push a regional union October 23, 2007
Endgame Rips the Lid Off Elite's Final
Masterplan October 24,
2007
Global Elite Fear Growing Chinese Power October 24, 2007
Terror watch list swells to more than 755,000
October 24, 2007
AEI's
Muravchik: 'I Don't Mind If We Bomb Iran Next Month or the Month After' October 24, 2007
Bill Clinton Targeted Again By 9/11 Truthers October 25, 2007
Endgame: Elite's Blueprint For Global
Enslavement Exposed October 25, 2007
Iran "Perhaps Single Greatest"
Security Risk to US: Rice October 25, 2007
Bush offers to bomb Kurds October 25, 2007
Endgame: How Dare Alex Jones Tell the Truth
October 26, 2007
"Thought Crime Bill" Could Ensnare
Peaceful Activists October 26, 2007
VIDEO: Bill Clinton Takes On 9/11 Conspiracy
Protesters October 26, 2007
More
Academic PR Predicting Human Race Will "Split Into Two Different
Species" October 26, 2007
Martin Sheen Questions Official 9/11 Story
October 29, 2007
CFR President: $200 Oil if War With Iran October 29, 2007
Saudi King Accuses UK of Ignoring Tip-Off
Which Could Have Stopped London Bombings October 29, 2007
Ron
Paul Set for Jay Leno & Into Mainstream America's Living Room October 29, 2007
Actor Ruffalo "Baffled" At Collapse
Of Twin Towers October 30,
2007
Gagged FBI Whistleblower Sibel Edmonds Offers
to Tell All to Willing TV Network October 30, 2007
Neocons Dream Up Nefarious Alex Jones - Ron
Paul Plot October 30,
2007
"Battle
For The Republic" Exposes Real Immigration Agenda October 30, 2007
O'Reilly Sends Cameras to Ambush Rosie
October 31, 2007
Gagged FBI Whistleblower Sibel Edmonds Offers
to Tell All to Willing TV Network October 30, 2007
RON PAUL TO JAY LENO: 'I COULD WIN' October 31, 2007
"Battle
For The Republic" Exposes Real Immigration Agenda October 30, 2007
"War Criminal" Ex-MI6 Head Dearlove
Confronted At Event November 1, 2007
Official Statement Confirms Detonations on
9/11 November 1,
2007
Foreign Relations Committee Approves LOST November 1, 2007
Fighting the
Bank Who Foreclosed on Sick 9/11 EMT November 1, 2007
Genetic Advances To Pioneer Super-Human
Elite? November 2, 2007
COINTELPRO Redux: Global Order Targets the
9/11 Truth and Patriot Movements November 2 , 2007
Is The Dollar's Fall Spiraling Out Of
Control? November 2, 2007
Memos
Prove Rumsfeld Directed Psychological Terror Campaign November 2, 2007
Ron Paul on Course to Raise Millions in One
Day November 5,
2007
Former NFL Star Latest To Question 9/11
Official Story November 5 ,
2007
Bill O'Reilly's Real Target is 9/11 Truth,
Not Foundation-Funded 'Loon Left' November 5, 2007
Is This
20-Year CIA Vet Crazy For Saying 9/11 Is a Probable Inside Job? November 5, 2007
Will Ron Paul Be Excluded from the Iowa
Debates? November 7,
2007
1000 Pledges to Donate to Ron Paul Veterans
Day "Money Bomb" November 7 , 2007
State of Emergency: Could Bush Ever
Arbitrarily Declare Martial Law Like Musharraf? November 7, 2007
Whistleblower
Told 9/11 Family Member That Gov't Knew Date and Exact Targets November 7, 2007
The American Empire is Falling With the
Dollar November 8,
2007
Ron Paul Think Tank? November 8 , 2007
NFL Star Considered 9/11 a False Flag From
Day One November 8,
2007
All
Hard-Money Advisors Get Behind Ron Paul - Ask Maximum Client Donations November 8, 2007
Hillary Denies She Attended Bilderberg, But
Confirms Bill Did November 9, 2007
Rick Santorum Emphasizes "Fear" of
Islamo-Fascism November 9 , 2007
Hillary Criticized Bush Admin for
'Suspicious' Approach to 9/11 Investigation November 10, 2007
Ex-Wall
Street Journal Editor: Dollar Collapse Will Cripple European Economy November 9, 2007
BBC To Apologize For 9/11 Truth Hit Piece?
November 12, 2007
Sean Hannity Exposed as Fox Yellow Journalist
November 12 , 2007
Deputy Director of National Intelligence:
Kiss the Fourth Goodbye November 12, 2007
Giuliani
Gave David Rockefeller UN Award, Mentioning CFR, Bilderberg 'Contributions' November 12, 2007
Endgame Gears Up for Amazon Assault November 13, 2007
Wiesenthal Center Presents 9/11 Sites with
Jihadist Sites in Terrorism Hearing November 13 , 2007
Opinion Polls Skewed To Marginalize Ron Paul November 13, 2007
Hillary
Refers to Being President "Again" November 13, 2007
U.S.
National Debt Level at Record High
Russian Military Chief Calls America "Evil" Who could rationally disagree with that
assessment? Based upon direct observation and experience, I wouldn’t!
Did CIA
hand over Pearl murder suspect to be tortured nearly to death?
Pump price
to jump 20 cents next 2-3 weeks: government
Fastest
rise in food prices for 14 years
Output
Rise Not on OPEC Summit Agenda
Ron Paul's "Fringe Views" Are
Supported By a Majority of Americans November 14, 2007
U.S. Dollar Will Get Stronger: Bush November 14 , 2007
Why the Media Blackout of Denzel Washington's
Extraordinary Gift to a Texas Military Hospital? November 14, 2007
Zogby
Predicts Ron Paul Could Get 15 to 18 Percent in New Hampshire November 14, 2007
State Attorney Admits No Law Makes Vaccines
Mandatory November 15,
2007
Feds Raid Liberty Dollar and Seize and Freeze
Everything November 15 ,
2007
Glenn Beck Deems Ron Paul "Domestic
Threat" November 15,
2007
Guantanamo
Manual Leaked on Web November 15,
2007
9/11 Commission Chair Lee Hamilton Grilled
Over Building 7 November 16, 2007
Silverstein's Building 7 Party Interrupted
With 9/11 Truth November 16 ,
2007
Rudy Giuliani Still 'Mr. 9/11' To You November 16, 2007
Ron
Paul Dollars Soar Above $200 on eBay After Raid on Liberty Dollar November 16, 2007
Ron Paul Wins Nationwide Zogby Blind Poll
November 19, 2007
New Poll Shows Majority Want Immediate Iraq
Troop Withdrawal November 19 , 2007
Rudy Giuliani Still 'Mr. 9/11' To You November 16, 2007
Ron
Paul Dollars Soar Above $200 on eBay After Raid on Liberty Dollar November 16, 2007
Zogby Analyst: Ron Paul's Timing "Almost
Perfect" For a Big Move November 20, 2007
Ron Paul Wins GQ Dark Horse of the Year November 20 , 2007
Fox Host Says Dissenters Should Be Tased November 20, 2007
Fox
News Chief Roger Ailes Lectures West Point on ‘The Military And The Media’ November 20, 2007
Zogby Analyst: Ron Paul's Timing "Almost
Perfect" For a Big Move November 21, 2007
ABC News: Ron Paul Will Spend as Much as
Giuliani in New Hampshire November 21 , 2007
Supremes to Decide if Second Amendment Means
What It Says November 21,
2007
Fox's
Gibson: NASCAR Likes Rudy Despite Gun Control Because He "Kicks Butt"
November 21, 2007
Glenn Beck Confronted, Protagonists
Questioned By Secret Service November 26, 2007
They Live Taser Saucer To Become A Reality November 26, 2007
Internet Soon to be “Full,” Government
Solution: More Taxes November 26, 2007
Ron
Paul's growing poll numbers vex mainstream press November 26, 2007
Freddie Mac to sell stock, cut dividend
Record low dollar, consumer confidence down, housing/real
estate/indices/prices down, leading indicators down, record high oil/gold
prices, deficits, fake/false government reports/data, etc., but newest bull
s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere
drop in the bucket relative to the magnitude of the problem), sparks
lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-27-07)
to keep the suckers suckered and computerized commission trade dollars flowing,
while pros/institutions are tip-toeing to the doorway leaving you with their
bag of tricks/fraud/bull s**t! Nothing has fundamentally changed
regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions
to the wall street frauds, the level and percentage of which should be examined
in light of computerization and decreased costs attendant to same especially
since only A Very Small Fraction Of What wall street Does Is A Net Positive For
The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades.
The
time-lines below highlight the four recessions in the US economy since
1980…..While the NBER was only a little late in its recognition of the
recession that began in Summer 1981, they were late to the game in the
remaining three. In fact, during the last two recessions, the NBER did not
officially declare the start to a recession until the recession had already
ended. The u.s. is already in recession, beyond the fake data/reports, with
much higher than reported inflation, etc..
CAN SHE BEAT THEM? New poll
shows Clinton trails top '08 Republicans...
Clinton I
haven't considered possibility of losing Dem nomination
...Putin says USA meddling in
election
NYC Fire Chief: Giuliani 'Not a Hero' 'He Ran That
Day'
Hillary
Takes Cash From Recipients of Husband's Controversial Pardons
UK TV hits Giuliani on 9/11 record
Corrupt mob-connected guinea giuliani and his team continue
to offer conflicting answers to the question of whether he will make public the
names of his pay-to-play “consulting” firm's clients.
Alleged Trainer Of 9/11
Hijackers a CIA Informant
Novak: Hillary's Nixonian
Tactics Against Obama...
Giuliani
shows abortion danger for Republicans
Wells
Fargo to take $1.4 billion charge for bad loans
Iceland best place to live,
Africa worst, u.s. continues to fall: UN Tue Nov 27, 4:22 PM ET BRASILIA (Reuters) - Iceland has overtaken Norway as the world's most desirable country to live in,
according to an annual U.N. table published on Tuesday that again puts AIDS-afflicted sub-Saharan
African states at the bottom, with u.s. finishing lower than previous year in
continued descent…..
World
Anglican leader launches attack on U.S. (Reuters) and condemns war criminal america’s modus
operandi, viz., ….. a quick burst of violent action will somehow
clear the decks and that you can move on and other people will put things back
together again -- Iraq for example.
Economic Expert
Says Global Crash Imminent
Echoes former world bank leader with prediction of
global recession Steve Watson
A leading economic expert has warned that a global crash and
recession is imminent on the back of record highs in real estate, stocks and
energy, combined with a devaluation of the dollar and continued speculative
bubble thinking. Robert Shiller, the Stanley B. Resor Professor of Economics at
Yale University told an audience at the annual Dubai
International Financial Centre (DIFC) Week that a sharp downward correction is
due in the global markets. Shiller stated: Perhaps we have gotten a little too
confident in the global economic growth, said Shiller. The problem is high oil,
stock and real estate prices. I believe that a substantial part is speculative
bubble thinking. We have gotten too confident of the prices in these markets.
Fake News and Propaganda: Shaping Our Reality
Rudy or Hillary: Pick Your Poison November 28, 2007
We Are Change Ireland Attempts to Confront
Bill Clinton November 28,
2007
Consider a continental currency, Jarislowsky
says November 28,
2007
Hillary
Interrupted: 20+ Years of Dynasty Is Enough November 28, 2007
McCain, a man with a false “war hero” history
of his own (was referred to as the songbird by his fellow american war
prisoners for trading information for better treatment), Peddles False History,
Takes Cheap Shot at Ron Paul November 29, 2007
Naomi Wolf: America's Fascist Coup Owes
Legacy To Bush's Nazi Grandfather November 29, 2007
New Bin Laden "Confession" Tape:
Fake Like The Rest? November 29, 2007
GOP rivals
tussle over immigration, the Word and Hitler in YouTube showdown November 29, 2007
Ron Paul to Top Giuliani's 3rd Qtr. Ceiling
at 2 Month Mark of 4th Qtr. November 30, 2007
Deluded McCain Thinks Americans Believe 9/11
Hoax November 30, 2007
Giuliani Will 'Hear No Evil, See No Evil'
About His Own Corruption November 30, 2007
CNN:
Does Ron Paul Believe in a Conspiracy to Form a North American Union? November 30, 2007
Paul: Republicans Face Certain Defeat With
Pro-War Candidate December 3, 2007
Handcuffed Woman Tased in Police Station December 3, 2007
CNN Hack Claims NAFTA Superhighway Figment Of
Ron Paul's Imagination December 3, 2007
Florida
GOP Official Threatens Ron Paul Straw Poll Voter with Violence December 3, 2007
Ex-Italian President: Intel Agencies Know
9/11 An Inside Job December 4, 2007
Young Pakistanis: Bin Laden Is A CIA Creation
December 4, 2007
Man Tased 15 Times and Dragged Out of Vehicle
December 4, 2007
Ron Paul
Charms The
View December 4,
2007
Ex-Canadian PM Next 9/11 Truther? December 5, 2007
Mall Security Demands ID From Truthers Under
Patriot Act December 5,
2007
San Francisco GOP Group Cancels Straw Poll
After Ron Paul Supporters Pour In December 5, 2007
Podhoretz’s
‘Dark Suspicion’: Intel Community Trying To Sabotage Bush With NIE December 5, 2007
Ron Paul Spambot Caper: Political Sabotage
and Dirty Tricks? December 6, 2007
The Unknown Dangers of Nanotech December 6, 2007
Ron Paul Slams Global Warming
"Fearmongering" December 6, 2007
Another
Shooter With A History Of Anti-depressant Use December 6, 2007
Is the North American Union Conspiracy Theory
Really Real? December 7, 2007
Cartel Heads Greenspan and Welch Confronted
Over Grossly Concentrated Power December 7, 2007
Baer Suggests Saudis Could Stage Terror In
America to Instigate Iran Attack December 7, 2007
Post-Pearl
Harbor 'Jap Hunting License' All Too Similar to 'Terrorist Hunting Permit' December 7, 2007
Chretien Loses Patience With Questions On
9/11 Truth, NAU December 10,
2007
Elite Depopulation Agenda Gains Ground December 10, 2007
O’Reilly: Fox News Turned Down
Pro-Constitution Ad Because It Was ‘Anti-American’ December 10, 2007
Ambassador
Dennis Ross Confronted on Bilderberg Ties and Brzezinski Warning December 10, 2007
Londoners Interrogated Over Journey Plans
December 11, 2007
Consensus Shattered As Major Scientific Study
Says Global Warming Is Natural December 11, 2007
Beijing Olympics Will Use IBM High-Tech
Surveillance System December 11, 2007
9/11 Truth
on the Underground December 11,
2007
Londoners Interrogated Over Journey Plans
December 11, 2007
Consensus Shattered As Major Scientific Study
Says Global Warming Is Natural December 11, 2007
Beijing Olympics Will Use IBM High-Tech
Surveillance System December 11, 2007
9/11 Truth
on the Underground December 11,
2007
The Ties That Bind Rick Perry & Rudy
Giuliani December 13,
2007
EU Chaos as Heckling MPs Chanting
'Referendum' Ordered to Leave Parliament December 13, 2007
Neocons Revise WMD Entry on Wikipedia
Propaganda Portal December 13, 2007
Ron
Paul Warns Middle Class Being "Wiped Out" In Final Debate December 13, 2007
Estulin: Elitists Consider Assassinating Ron
Paul December 14, 2007
The Ties That Bind Rick Perry & Rudy
Giuliani December 14, 2007
7/7 Terror Exercise Manager Peter Power
"Grins and Bears" Tough Questions on False-Flag December 14, 2007
Over
100 Prominent Scientists Challenge UN Move For Global Carbon Tax December 14, 2007
Ron Paul Smashes Record With $6 Million Plus
Haul December 17,
2007
Secret Service Agents Pressure 9/11 Truther
to Stop Confronting Clinton December 17, 2007
Ron Paul Surpasses Fund Raising Record Held
by John Kerry December 17,
2007
Texas
Readies Police State Tech for Possible Hurricane Evacuees December 17, 2007
Daddy Bush Makes Skull and Bones Pilgrimage
December 18, 2007
More Hiring and Advertising Ahead for Paul
Campaign as the Donations Pour In December 18, 2007
Forbes: Bloomberg to Spend Big Bucks to
Derail Ron Paul December 18,
2007
Bill
Clinton: George H.W. Bush will help President Hillary December 18, 2007
Beck
Complains Of Threats, Yet Wanted To "Kill Michael Moore" December 19, 2007
Rockefellers
"Joked" About Controlling The World December 19, 2007
Ron
Paul Doesn't Rule Out Third Party Run December 19, 2007
NASCO:
Ron Paul Is "Confused" About NAFTA Superhighway December 19, 2007
Karl Rove Worried About Ron Paul
"Momentum" December 20, 2007
2,600 Pages of Clinton Records Withheld December 20, 2007
Report Says Tancredo Plans to Drop Out December 20, 2007
Ron
Paul on MSNBC: Are His Supporters Even Represented in the Polls? December 20, 2007
Ron Paul Racist Propaganda Exposed December 21, 2007
Gun Owners Group Condemns
"Treacherous" Legislation December 21,
2007
Huckabee's Copy Cat Money Bomb... a Dud? December 21, 2007
Former
US Intelligence official: Israel will attack Iran December 21, 2007
Edgar J. Hoover Planned Mass Jailing in 1950 December
23, 2007
Ron Paul Shines On Meet the Press December
23, 2007
Ron Paul Tied for Third in Iowa December
23, 2007
NORTHCOM:
Constitution Not Important December
23, 2007
Aldous Huxley Suggested Mind Control to Make
Insane Blissful December 25, 2007
Ron Paul Shines On Meet the Press December
23, 2007
Ron Paul Tied for Third in Iowa December
23, 2007
NORTHCOM:
Constitution Not Important December 23, 2007
New York Times Retracts Ron Paul Racist Smear
December 27, 2007
Former Pakistani PM Bhutto 'Killed in Blast' December 27, 2007
War Costs $15 Billion Per Month, GOP Senator
Says December 27, 2007
Murdoch
& Other Bush Associates Further Consolidating U.S. Media Holdings December 27, 2007
Woe
to americans who Are All Prisoners Now All Americans are now imprisoned in a world of lies and deception
created by the Bush Regime and the two complicit parties of Congress, by
federal judges too corrupt, timid or ignorant to recognize a rogue regime
running roughshod over the Constitution, by a bought-and-paid-for media that
serves as propagandists for a regime of war criminals, and by a gutless,
ignorant public who have forsaken their self-respect.
CHEER: Ambrose
Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'...
Alexander Tytler: "The average age of the
world's greatest civilizations has been two hundred years JonesReport.com |
12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from
bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler
Andrew Jackson:
"There are no necessary evils in government. Its evils exist only in its
abuses."
AP: TOP 10 NEWS STORIES
'07...
Former
CIA Interrogator: We Carried Out Torture Because The White House Told Us To
Fire
out at building next to White House
FBI
agent threatened to arrest CIA interrogators in 2002.
Countdown:
Bushed! Countdown's list
of the top three Bush scandals you may have forgotten about because of all of
the new Bush scandals. This week's scandals: Habeas Corpus-Gate, Air-Gate and
NIE-Gate.
Bush administration:
Back off says war criminal and strategist dumbya bush on CIA tape probe CNN
HUCKABEE SLAMS 'ARROGANT' BUSH WHITE HOUSE
WYOMING DEM CHIEF: CLINTON WOULD
HURT PARTY...
LA's
gangland culture spreading chaos, violence into America's heartland...
Dodd ready to
mount filibuster to block telecom immunity
Naomi Wolf - "There hasen't been a real
investigation of 9/11."
Lee Hamilton Says the CIA Obstructed the 9/11
Commission
CIA
Failed To Fully Inform Congress About Destroyed Tapes CBS News
More
Evidence of Obstruction of Justice in 9/11 Investigation
Neocons Revise
WMD Entry on Wikipedia Propaganda Portal
Pelosi
and Harman Aided and Abetted 9/11 Cover Up
The
White House and Congress Knew about the CIA Interrogation Videotapes
USATODAYGALLUP POLL: Approval
of Congress sinks to new low...
9/11
Victims' Lawyers Blast Ground Zero Toxic Air Lies In Court
Bush
Authorizes Full Access to U.S. Roads for Even More Mexico-Based NAFTA Trucks
What is the CFR?: The Bush Clinton Bush Clinton
Administration
Olbermann:
Bush is a BOLD faced LIAR about NIE/Iran
Russia's
well-founded and rational deep suspicion of (particularly criminal america) the
West
Hillary
Campaign Tactic Backfires as Top Aide Quits
REPORT: FBI
Videotape shows Sharpton cutting a deal...
Victim:
Gang-Rape Cover-Up by U.S., Halliburton/KBR
Poland
does not need U.S. missile defense base - ex-PM
Iran
Is No Threat and That’s Official “They stole our threat”
goes a headline in the Israeli daily Haaretz. The author is, of course,
referring to the recently published US National Intelligence Estimate (NIE)
composed by 16 American intelligence.....
Gov't official: No 'smoking gun' on Iran
Egypt Govt Accuses Israel of Meddling in Its
Ties With US
Paul: Israel Demanding U.S. Further Its Self-destructive
Pro-israel Mode and Invade Iran
Russia
warns of US missile shield retaliation
PA
Economy Worst Affected by Israeli Restrictions: WB
Israeli
Airstrikes in Gaza Kill 7
NASA 'on target for
return to the moon for the first time by 2020'…..riiiiight!..... UFOetry: We Never Went To The Moon -
The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'
History Channel Admits
WTC Tower Fell At Freefall Speed
FBI Now Admits Evidence
Used to Connect Oswald to Kennedy Assasination Was Bogus
Food
prices rising at highest rate for 14 years
Taj
Mahal Won't Accept bushit american Dollars as India Laments Lost Value
THE HILL: Dems Cave On
Spending...
China's Yuan at new high vs
dollar...
YEAR-ENDER: Home Sales
Plunge, Feed Recession Fears...
(1-7-08)
With sloth-like reflexes and speed the lazy, fallible frauds on wall street now
recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot: Morgan Stanley
issues full US recession alert Ambrose Evans-Pritchard
Tuesday December 11, 2007 Morgan Stanley has issued a full recession alert for
the US economy, warning of a sharp slowdown in business investment and a
"perfect storm" for consumers as the housing slump spreads. In a
report "Recession Coming" released today, the bank's US team said the
credit crunch had started to inflict serious damage on US companies…..
Reuters House
prices seen falling 30 pct 12- 6-07 By
Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to
Stockton, California, will crash and suffer price drops of more than 30 percent
before the housing crisis is over, a report from Moody's Economy.com said on
Thursday. On a national level, the housing market recession will continue through
early 2009, said the report, co-authored by Mark Zandi, chief economist, and
Celia Chen, director of housing economics. The report paints a worsening
picture of the hard-hit housing sector, which is in the midst of its worst
downturn since World War II. While activity will stabilize in 2009, it will not
be until 2010 before a measurable improvement in sales, construction and
pricing will emerge, the report said…..
Earnings Recession Has Arrived U.S. corporate profits are in a recession, and the entire economy
can not be far behind. Slower sales and higher energy and labor costs are
forcing companies from Bear Stearns Cos. to Pitney Bowes Inc. to reduce
spending and hiring. Their efforts to keep earnings from eroding even further
raise the risk that the economy, already weakened by the steepest housing slide
since 1991, may shrink sometime next year. ‘The earnings recession has already
arrived, says David Rosenberg, North America economist for Merrill Lynch &
Co. in New York. We are going to see an economic recession in '08.…..’
BANK OF AMERICA Sees Bigger
Writedowns (12-12-07).....
MORGAN STANLEY first loss
ever; taps China for $5 Billion...
PAPER: Housing foreclosures
largest since Great Depression...
Home
Prices Fall for 10th Straight Month
Oil price spikes close to
$97...
CITIGROUP and MERRILL face
bigger writeoffs/dividend cuts, etc.....
CHEER: Ambrose
Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'... As central banks continue to splash their
cash over the system, so far to little effect, Ambrose Evans-Pritchard argues
things are rapidly spiralling out of their control Twenty billion dollars here,
$20bn there, and a lush half-trillion from the European Central Bank at
give-away rates for Christmas. Buckets of liquidity are being splashed over the
North Atlantic banking system, so far with meagre or fleeting effects.
"Liquidity doesn't do anything in this situation," says Anna
Schwartz, the doyenne of US monetarism and life-time student (with Milton
Friedman) of the Great Depression."It cannot deal with ….. that lots of
firms are going bankrupt. The banks and the hedge funds have not fully
acknowledged who is in trouble. That is the critical issue," she adds…..
NEWS FLASH: Direct from Lost
Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and
now caleefornia mob fame with his continuing message for the past several
years: buy real estate (and watch the values go down…..riiiiight!).
(3-31-08) (DOW +46, NASDAQ +17, S&P +7) [CLOSE- OIL
$101.65/ GOLD $922 / SILVER $17.31 / PLATINUM $2,006 / DOLLAR= .63 EURO, 99
YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.41%]. eND OF FIRST QUARTER AND DOW –8%, nASDAQ-14%, AND S&P-10%. I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE
PROFITS/SELL). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE
WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES
S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND
IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED
ALTERNATIVES OVER DECADE). 5 REASONS WHY
THE FED HAS FAILED. MIDWEST
MANUFACTURING INDEX AT 48.2 INDICATES CONTRACTION BUT LESS SEVERE THAN EXPECTED…..RIIIIIGHT…..PROPOSAL
BY OF ALL PEOPLE A WALL STREET FRAUD NAMED PAULSON SEEKS TO ELIMINATE SEC BY MERGING
INTO SLOTHLIKE COMMODITIES ARM WITH NET EFFECT OF NO ENFORCEMENT OF EXISTING
LAWS/REGS AGAINST FRAUD WHICH IS NECESSARY (ALONG DISGORGEMENT OF THEIR
FRAUDULENT GAINS BY THE WALL STREET PERPETRATORS) ACCORDING TO WELL RESPECTED
ECONOMIST/ANALYST. THIS IS FIRST OVERALL SINCE GREAT DEPRESSION WHICH TELLS
VOLUMES ABOUT THE SEVERITY OF THE CRISIS YET SOLVES NOTHING. ONE ANALYST SAYS
EYES ON WRITEDOWNS TO COME. COMMENTATOR SAYS 1929 REVISITED YET REGS DO NOTHING
BUT ELIMINATE PROTECTIONS ACCORDED BY sec. ANOTHER
ECONOMIST/ANALYST/AUTHOR/PROFESSOR SAYS NO ONE KNOWS HOW DEEP/DARK/AND LENGTH
OF CURRENT CRISIS, SO SEVERE REQUIRING EMERGENCY ACTION YET DOING NOTHING OF
SUBSTANCE AND THAT DOLLAR/DOLLAR DENOMINATED SECURITIES/ASSETS ARE HIGH RISK
AND RELATIVELY LOW RETURN. ANOTHER WELL RESPECTED ECONOMIST SAYS MUST USE
EXISTING LAWS AGINST FRAUD, PROSECUTE, AND GO AFTER THE HEDGE FUNDS. 3-28-08 freddie mac economist says housing prices
might continue to fall through 2010 as house prices fall 29%, orders for new
homes down 75%, and housing starts fall 9% to 50 year low. kb homes registers
$268 million loss and offers downbeat outlook on housing crisis while j.c.
penny on retail end offers equally bad outlook and worse than expected
quarterly results to come. consumer spending weakest in 17 months. fake core
inflation report is also meaningless (excludes food and energy) at tepid 2%.
consumer sentiment index at lowest since 1992, a 16 year low. frenzy over
j.p.morgan memo on how to beef up income on mortgage applications. s&p economist
says we’re in a recession and points to a very bumpy year ahead. one analyst
says troubled market/economy to continue and shorts stocks, is long on metals,
points to failed structured finance market, failed fed and globally recognized
folly of helicopter ben (bernanke), property continue down, dollar continue
downward slide, and bubble in emerging markets. one reporter examining
financial newsletters says vast majority bleak, pessimistic in their
outlook/forecasts. socal congressman says us hole getting bigger, deeper, and
darker and regarding the fed, too little too late, kind of like his
caleefornia. yet another analyst says we’re in a nationwide recession (he
previously had called california’s recession but stopped short of nationwide),
points to job losses, higher oil/gas prices, rising debt burdens and worse on
wall street than main street, not optimistic on real estate as foreclosures and
supply up with prices declining with early 2009 at best the trough, and that
there are other financial institutions in similar situation to that of bear
stearns. 3-27-08 GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). FOURTH QUARTER ECONOMIC GROWTH REVISED UPWARD TO
ANEMIC .6% (RIIIIIGHT…..SO THEY WON’T HAVE TO USE THE R FOR REALITY WORD
RECESSION). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. UNEMPLOYMENT
CLAIMS AT HIGH 366,000 AND ORACLE DISAPPOINTS ON SALES AS MERRILL IS
DOWNGRADED. ONE ANALYST SAYS LEHMAN (-9%) BEARS EERIE SIMILARITIES TO BEAR
STEARNS, CITES SUBSTANTIAL NUMBER OF PUTS AND RUN ON BANKS WHICH WILL HELP
FOREIGN BANKS (IE., SWISS, ETC.), ALSO CAUTIONS ON DRUG SECTOR/SIDE EFFECTS.
OIL ANALYST EMPHASIZES $7 RUN IN TWO DAYS, BOMBING OF OIL SUPPLY LINE IN IRAQ,
WEAKER DOLLAR, LIQUIDITY CRISIS, IRAQ VIOLENCE, LOWER REFINERY RUNS AND SAYS
OIL/GAS PRICES HIGHER BEFORE LOWER. ONE ECONOMIST SAYS CREDIT CRISIS AND POINTS
TO PURCHASING POWER FAILURE AS BORROWED FUNDS (IE., HOME EQUITY, ETC.) ARE
DEPLETED AND WAGES LOWER, WHILE ANOTHER ECONOMIST WHO HAS ALREADY CALLED
RECESSION SEES MORE REGULATION FOR TROUBLED
INVESTMENT BANKS AS DISTINGUISHED FROM FDIC INSURED COMMERCIAL BANKS AND
SAYS CREDIT CRUNCH WILL CONTINUE. AIRLINE COMMENTATOR/ANALYST CITES OLDER
PLANES FOR PUBLICIZED PROBLEMS, SURCHARGES/HIGHER FUEL COSTS FOR HIGHER PRICES.
3-26-08 GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) IN WHAT REMAINS OF THIS SUCKERS’ BEAR MARKET RALLY AS THE WALL STREET
SCAM UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF
401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN
DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER
DECADE). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. BANKING
SECTOR DOWNGRADED CITING MORE WRITE-DOWNS AND –84% EARNINGS (CITI, ETC.).
FACTORY ORDERS/DURABLES DOWN MORE THAN EXPECTED 1.75% AND NEW HOME SALES DOWN
1.8% ALONG WITH PRICE DECLINES (INCLUDING MEDIAN PRICE DECLINE). WSJ ARTICLE
RAISES SPECTER OF FED BANKRUPTCY AND PUBLIC BAILOUT. ONE ANALYST CITES CITIBANK
DIFFICULTIES, LBO TROUBLES (IE., CLEAR CHANNEL, ETC.), FED HOLDING JUNK PAPER,
AND RECOMMENDS DEFENSIVE (IE., CONSUMER STAPLES, ETC.) POSTURE INCLUDING
MULTINATIONALS WITH OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION). OIL
ANALYST SAYS RECORD OIL/ GAS PRICES (GAS UP ANOTHER 5-10 CENTS) AND CITES
DECLINE IN REFINERY RUN, CONFLICT IN IRAQ, AND EUROPEAN CENTRAL BANK’S FIGHT
AGAINST INFLATION/LOWER DOLLAR AND SAYS NATURAL GAS AN INTERESTING PLAY. ONE
REPORTER CITES DROP IN GAS SUPPLIES AND FINANCIAL SECTOR WRITEDOWNS. R.E.
ANALYST POINTS TO SO. CAL. 400% INCREASE IN FORECLOSURES AND SAYS NO
IMPROVEMENT UNTIL AT LEAST LATE 2008/EARLY 2009. CURRENCY EXPERT SAYS FINANCIAL
INSTITUTIONS WILL SURVIVE BUT WON’T BE LENDING, DOLLAR RISK TO THE DOWNSIDE,
FED HOLDING BAD RESERVES, HOUSING MARKET TO CONTINUE DECLINE, AND FAVORS EURO. 3-25-08 GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) THIS SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE WHICH IS BASED UPON B**L S**T AND NOTHING BUT BAD ECONOMIC NEWS AS WALL
STREET FRAUDS ATTEMPT TO WINDOW DRESS
REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND
COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. DOLLAR DOWN SHARPLY.
earnings downgrade for merrill lynch/financials and reluctance to take
mark-to-market loss (prompted bear bailout) scuttles(?) clear channel deal.
GOVERNMENT HIRING NEW (FDIC) BANK REGULATORS FOR INCREASING BANK FAILURES.
S&P CASE SHILLER INDEX REGISTERS SHARPEST HOUSING PRICE DECLINE ON RECORD
AT –11.4%, CONSUMER CONFIDENCE INDEX DOWN TO 5 YR. LOW OF 65 WHICH IS
SUBSTANTIALLY BELOW EXPECTED 73, AND EXPECTATIONS INDEX AT LOWEST SINCE 1973.
KEN SHREVE OF IBD POINTS TO VOLUME (COMMISSION GENERATING COMPUTERIZED
PROGRAMMED TRADES SIMULATING DEMAND) AS A GOOD SIGN…RIIIIIGHT…CITES SELLING
PRESSURE ON THE WAY UP AND SAYS WAIT AND SEE AS NEW LEADERSHIP DEVELOPS…RIIIIIGHT
(WHICH TRANSLATED MEANS HE DOESN’T KNOW WHERE THIS IRRATIONALLY EXUBERANT
MARKET IS GOING. S&P CASE SHILLER ANALYST/VP SAYS HOME PRICES IN DECLINE
WHICH ACCELERATED IN THE LAST 6-9 MONTHS AND SEES –20%/TROUGH IN LATE 2008.
R.E. ANALYST DOESN’T SEE BOTTOM PARTICULARLY IN SO. CALIFORNIA (IE., LA, SAN
DIEGO, ETC.) (MIAMI, LAS VEGAS, PHOENIX VERY BAD). AN ECONOMIST SAYS ANOTHER
YEAR OF DECLINES SINCE CONSUMER SPENDING/CONFIDENCE HAS WEAKENED SUBSTANTIALLY.
CALIFORNIA BUREAUCRAT (THAT’S ALL THERE IS) SAYS TOUGH TIMES AHEAD, POINTS TO
UPSIDE DOWN CONDITIONS (MORTGAGE LOANS GREATER THAN PROPERTY VALUES) AND SAYS
HOUSE OF CARDS. ANOTHER ECONOMIST SAYS MORE EROSION ON THE PRICE SIDE,-20%, AND
A WAYS TO GO. R.E. PROF. SAYS SLIDE TO CONTINUE UNTIL EXCESS SUPPLY IS CLEARED.
3-24-08 GREAT
OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY
(TAKE PROFITS) WHICH IS BASED UPON B**L S**T
AND NO REAL ECONOMIC NEWS AS WALL STREET FRAUDS IN LAST DITCH EFFORT TO WINDOW
DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED
AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. THE
ELECTION-YEAR-INDUCED RALLY FAKE NEWS PUSHED BY THE WALL STREET FRAUDS IS A
MEAGER TWO-FOLD; VIZ., EXISTING HOME SALES INCREASED (JAN.-FEB.) 2.9% EXCEEDING
SUBSTANTIALLY ECONOMISTS’ PREDICTIONS AND J.P. MORGAN WILLING TO PAY $10
INSTEAD OF $2 PER SHARE FOR FAILED INVESTMENT BANK BEAR STEARNS. REALITY:
INCREASED SALES DUE TO INCREASED FORECLOSURE SALES; PRICES DOWN 8.2%; MEDIAN
HOME PRICE FELL MOST EVER ON RECORD; INCREASED BEAR MONEY TO PLACATE
SHAREHOLDERS DESPERATE MOVE TO KEEP WORTHLESS SECURITIES FROM BEING DUMPED IN
MARKET WHERE SAME CAN’T BE SOLD AND WHERE SUCH WOULD RESULT IN OTHER SUCH BEING
MARKED TO MARKET (PENNIES ON A DOLLAR). ONE ANALYST SAYS NOTHING FUNDAMENTALLY
HAS CHANGED, DAY TO DAY TRADING ON DAY’S NEWS AND TODAY A HAPPY (NON) NEWS
DAY…RIIIIIGHT…AND RECOMMENDS FOR PROTECTION NON-U.S. ASSETS/SECURITIES, METALS,
AND BIG CAP TECH/MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION).
AN ECONOMIST SAYS THE FED’S CONFUSING DEAL PROTECTS ITS OWN MONEY BY
ESSENTIALLY PROVIDING A “BRIDGE LOAN” TO PREVENT THE WORTHLESS SECURITIES FROM
BEING DUMPED WHERE THERE IS NO MARKET FOR SAME CAUSING FURTHER WRITEDOWNS
across THE BOARD ON MARK TO MARKET. ANOTHER ANALYST EMPHASIZES DISFUNCTIONAL
BANKING/CONTINUED WRITEDOWNS/LOSSES/BALANCE SHEET PROBLEMS FOR FINANCIAL
INSTITUTIONS/WE’VE NOT SEEN THE BOTTOM, IN RECOMMENDING TAKING SOME PROFITS
WITH ELECTION YEAR STIMULUS CREATING INFLATIONARY PROBLEMS, THOUGH STILL IN
BEAR MARKET THE REAL DECLINE AND REAL RECESSION (WE’RE ALREADY IN RECESSION) TO
COME POST ELECTION/2009 AND THE INTERMEDIATE TERM IS VERY SCARY. ONE R.E.
ANALYST SAYS ONE THIRD OF EXISTING HOME SALES WERE FORECLOSURES WITH OVERSUPPLY
OF PROPERTIES WHICH WILL TAKE A LONG TIME TO WORK OUT WHILE ANOTHER r.e.
ANALYST SAYS YEARS TO WORK OUT WITH ONLY LIMITED IMPROVEMENT LATE 2009. 3-20-08 FULL
MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY
WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS)
WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ.,
UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT
SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS,
PHILADELPHIA FED MANUFACTURING INDEX DOWN,
AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS
ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE
SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY
SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE
HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE
LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE
MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH
DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE
RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS
SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE
PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON
HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT
ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT,
DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY
STATES ECONOMY HAS ALREADY (DECEMBER,
2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE
ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN
OPPORTUNITY TO SELL/TAKE PROFITS (i TOTALLY AGREE), THAT THE FED DESPERATION
MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE
NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY
OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER
FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA
BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I
WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL
INTO STRENGTH/TAKE PROFITS/SELL). morgan stanley earnings down 40% but better
than expected…..riiiiight…..on computerized bond/stock trading commissions.
merrill lynch says more loan losses. one analyst says not much optimism
regarding fed moves, deepening fears about economy, wall street stuck with a
lot of stuff (ie., junk bonds, junk securities, junk derivatives, subprime
mortgages, etc.) which can’t be sold except at firesale prices, avoid equities
particularly small/midcaps, raise cash (taking profits/selling), looking for
confirmation, entered recession in february but with inflation a very tough
scenario. an oil analyst says commodity bubble bursting with profit-taking/path
of least resistance but still record diesel at $4.21, record home heating oil
$3.80 so wait and see. another analyst says emerging markets attractive
relative to developed citing p/e multiple comparison but no save haven and
points to further weakness in dollar relative to other currencies. metals
analyst says rate cut less than expected and etfs (and computerized trading
thereof) has propped demand. 3-18-08 Suckers’
bear market irrationally exuberant bubble rally on fed fear and trembling panic
move TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION
TRADE DOLLARS FLOWING. I WARNED
AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I
WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST
INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER
PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36%
TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND
LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN
FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY
WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS
OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK,
ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED
BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND
SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS
200+ point computerized BUY PROGRAM suckers’ bear market/short-covering rally
to the upside based upon nothing whatsoever that hasn’t already been discounted
(ie., more rate cuts by fed in panic mode, etc.). I WARNED AGAINST THE
DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF
THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN
DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE
PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.).
YET aNOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS
IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS
PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND
REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND
RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND
EMERGING FAR EAST MARKETS). aNOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO
LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF
TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT
TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM
YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT
BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS
EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 early surge based
on false benign inflation report (showing no change in retail inflation) from
the government gives way to reality that they can’t cover up/lie about (despite
intra-day suckers rally) when there is a run on large wall street investment
bank bear stearns (first such since the great depression) which cites liquidity
crisis as ny fed and jp morgan intervene with 28 day loan as bear is holding
high risk (worthless) assets which are illiquid (thinly traded/can’t be sold)
as reserves (they are not alone in this regard among the frauds on wallstreet,
etc., and only 2 days ago bear said balance sheet stable), all time lows for
the dollar, wsj reports majority of economists think we’re in recession,
michigan (non-washington non-fed gov’t report) sentiment index at new 16 year
low. One ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL
CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION
NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW
LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR
OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS
WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION
BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE
PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD
AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN
SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE
AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM
STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG
WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE
BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS,
ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF
ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD
AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR
OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED
UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE
NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION,
HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT
NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR
MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT
ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A
RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR
RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT
EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY
(CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS
AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN
$100,000, AND BUDGET DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY,
DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE
ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS
IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS
IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS
WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH
OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO
GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD
DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS
NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO
FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS
WORRISOME/TROUBLESOME. 3-11-08 Suckers’ bear
market irrationally exuberant new EPHEMERAL bubble rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY
BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME
COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT
WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP
IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS
PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE
ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING
TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH
MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A
BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION
BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF
FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH
STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT
OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY,
NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS
ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR
THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN,
EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST
SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF
THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID
BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT
MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND
U.S. STOCKS. 3-7-08 BAD
EMPLOYMENT/JOBS DATA across ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD
REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE
ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE
STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT
WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED
BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS
BROKEN TO THE DOWNSIDE, sentiment- 85% believe things will get worse. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY
TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS
FLOWING. 23% INCREASE IN FORECLOSURES IN
FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0
OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT
ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH
FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW
LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG
DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR
UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION
YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED
BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR,
LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET,
ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES
FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL
AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT
AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS
CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL
DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 Suckers’ bear
market rally into the close based on b**l s**t alone, viz., rumor/speculation
about yet another bailout for wall street/ambac/bond insurers and over 200
point swing to the upside based on nothing whatsoever, one economist/analyst
notes this is the deepest housing decline since great depression, bernanke says
another spike in foreclosures ahead and proposes reduction of principal amounts
in existing loans (sounds like a plan…..riiiiight!), ken shreve finance editor
investors business daily says bear market 6-9 months/ don’t try to catch a
falling knife as institutions still selling/keep money safe in 3% money market
for time being, one oil analyst says oil higher before lower as expected rate
cut will further weaken dollar and drive up oil/commodities prices and problems
in consumer debt in addition to mortgages and nobody wants to hold dollars, 3-3-08 Suckers’ bear
market rally into the close, yes we are in a recession from someone who unlike
the frauds on wall street has read security analysis by graham, dodd, and
cottle and understands it (warren buffet), all news
negative, ie., ism manufacturing index down to 48.3 (contraction), car sales
down at gm (-12%) and ford (-7%), construction spending down most in 14 years,
oil analysts point to the new highs while economist/analyst says dollar has
fallen through all support levels meaning more bottoms to come, INFLATION
OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED
WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN
SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION
LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK
DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK
MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE
INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER
ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER
ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR
DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER
ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP
GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT
MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP
19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER
WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH
(STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO
BRING DOWN INFLATION, new record LOW
FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY
CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY
AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE
THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION
PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS
AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT
SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90%
YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57%
IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE
4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW,
ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS
LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.)
WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER
MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST
SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH,
DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT
TO ENTER RECESSION (that’s already here), Stiglitz
Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING
AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE
WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY
CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP
6% ON ETHANOL CROWD-OUT, HOME SALES
DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES
FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS
FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX
UNEXPECTEDLY AND SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell
to a -24, indicating a sharp contraction in the region's manufacturing
activity. Economists had anticipated a reading of -10, a less pronounced
contraction. Last month the reading came in at -20.9.), ONE ECONOMIST/ANALYST SAYS
SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED
DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND
ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET RALLY TO KEEP THE SUCKERS SUCKERED AND THE
COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING(3-31-08) (DOW +46, NASDAQ +17, S&P +7) [CLOSE- OIL $101.65/ GOLD $922 /
SILVER $17.31 / PLATINUM $2,006 / DOLLAR= .63 EURO, 99 YEN, .503 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.41%]. I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE
PROFITS/SELL). GREAT OPPORTUNITY TO SELL INTO THIS
SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS).
REALITY:
THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A
SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC
DOWNTREND IN THE U.S. ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE
SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A
PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST
BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE.,
COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY
PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other
corporate frauds in jail and require fines, penalties and disgorgement of their
ill-gotten gains. [Please note: I seldom name analysts/reporters/journalists
bearing not so glad tidings for fear they’ll be crucified by the frauds on wall
street].
(3-28-08) (DOW -86, NASDAQ -20, S&P –10.5) [CLOSE-
OIL $105.62/ GOLD $930.60 / SILVER $17.94 / PLATINUM $2,020 / DOLLAR= .63 EURO,
98 YEN, .4979 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.44%]. GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL
STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P
(MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU
FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED
ALTERNATIVES OVER DECADE). 5 REASONS WHY THE FED HAS FAILED. freddie mac economist says housing prices
might continue to fall through 2010 as house prices fall 29%, orders for new
homes down 75%, and housing starts fall 9% to 50 year low. kb homes registers
$268 million loss and offers downbeat outlook on housing crisis while j.c.
penny on retail end offers equally bad outlook and worse than expected
quarterly results to come. consumer spending weakest in 17 months. fake core
inflation report is also meaningless (excludes food and energy) at tepid 2%.
consumer sentiment index at lowest since 1992, a 16 year low. frenzy over
j.p.morgan memo on how to beef up income on mortgage applications. s&p economist
says we’re in a recession and points to a very bumpy year ahead. one analyst
says troubled market/economy to continue and shorts stocks, is long on metals,
points to failed structured finance market, failed fed and globally recognized
folly of helicopter ben (bernanke), property continue down, dollar continue
downward slide, and bubble in emerging markets. one reporter examining
financial newsletters says vast majority bleak, pessimistic in their
outlook/forecasts. socal congressman says us hole getting bigger, deeper, and
darker and regarding the fed, too little too late, kind of like his
caleefornia. yet another analyst says we’re in a nationwide recession (he
previously had called california’s recession but stopped short of nationwide),
points to job losses, higher oil/gas prices, rising debt burdens and worse on
wall street than main street, not optimistic on real estate as foreclosures and
supply up with prices declining with early 2009 at best the trough, and that
there are other financial institutions in similar situation to that of bear
stearns. 3-27-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM
IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF
401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN
DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER
DECADE). FOURTH QUARTER ECONOMIC GROWTH
REVISED UPWARD TO ANEMIC .6% (RIIIIIGHT…..SO THEY WON’T HAVE TO USE THE R FOR
REALITY WORD RECESSION). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY.
UNEMPLOYMENT CLAIMS AT HIGH 366,000 AND ORACLE DISAPPOINTS ON SALES AS MERRILL
IS DOWNGRADED. ONE ANALYST SAYS LEHMAN (-9%) BEARS EERIE SIMILARITIES TO BEAR
STEARNS, CITES SUBSTANTIAL NUMBER OF PUTS AND RUN ON BANKS WHICH WILL HELP
FOREIGN BANKS (IE., SWISS, ETC.), ALSO CAUTIONS ON DRUG SECTOR/SIDE EFFECTS.
OIL ANALYST EMPHASIZES $7 RUN IN TWO DAYS, BOMBING OF OIL SUPPLY LINE IN IRAQ,
WEAKER DOLLAR, LIQUIDITY CRISIS, IRAQ VIOLENCE, LOWER REFINERY RUNS AND SAYS
OIL/GAS PRICES HIGHER BEFORE LOWER. ONE ECONOMIST SAYS CREDIT CRISIS AND POINTS
TO PURCHASING POWER FAILURE AS BORROWED FUNDS (IE., HOME EQUITY, ETC.) ARE
DEPLETED AND WAGES LOWER, WHILE ANOTHER ECONOMIST WHO HAS ALREADY CALLED
RECESSION SEES MORE REGULATION FOR TROUBLED
INVESTMENT BANKS AS DISTINGUISHED FROM FDIC INSURED COMMERCIAL BANKS AND
SAYS CREDIT CRUNCH WILL CONTINUE. AIRLINE COMMENTATOR/ANALYST CITES OLDER
PLANES FOR PUBLICIZED PROBLEMS, SURCHARGES/HIGHER FUEL COSTS FOR HIGHER PRICES.
3-26-08 GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) IN WHAT REMAINS OF THIS SUCKERS’ BEAR MARKET RALLY AS THE WALL STREET
SCAM UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF
401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN
DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER
DECADE). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. BANKING
SECTOR DOWNGRADED CITING MORE WRITE-DOWNS AND –84% EARNINGS (CITI, ETC.).
FACTORY ORDERS/DURABLES DOWN MORE THAN EXPECTED 1.75% AND NEW HOME SALES DOWN
1.8% ALONG WITH PRICE DECLINES (INCLUDING MEDIAN PRICE DECLINE). WSJ ARTICLE
RAISES SPECTER OF FED BANKRUPTCY AND PUBLIC BAILOUT. ONE ANALYST CITES CITIBANK
DIFFICULTIES, LBO TROUBLES (IE., CLEAR CHANNEL, ETC.), FED HOLDING JUNK PAPER,
AND RECOMMENDS DEFENSIVE (IE., CONSUMER STAPLES, ETC.) POSTURE INCLUDING
MULTINATIONALS WITH OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION). OIL
ANALYST SAYS RECORD OIL/ GAS PRICES (GAS UP ANOTHER 5-10 CENTS) AND CITES
DECLINE IN REFINERY RUN, CONFLICT IN IRAQ, AND EUROPEAN CENTRAL BANK’S FIGHT
AGAINST INFLATION/LOWER DOLLAR AND SAYS NATURAL GAS AN INTERESTING PLAY. ONE
REPORTER CITES DROP IN GAS SUPPLIES AND FINANCIAL SECTOR WRITEDOWNS. R.E.
ANALYST POINTS TO SO. CAL. 400% INCREASE IN FORECLOSURES AND SAYS NO
IMPROVEMENT UNTIL AT LEAST LATE 2008/EARLY 2009. CURRENCY EXPERT SAYS FINANCIAL
INSTITUTIONS WILL SURVIVE BUT WON’T BE LENDING, DOLLAR RISK TO THE DOWNSIDE,
FED HOLDING BAD RESERVES, HOUSING MARKET TO CONTINUE DECLINE, AND FAVORS EURO. 3-25-08 GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) THIS SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE WHICH IS BASED UPON B**L S**T AND NOTHING BUT BAD ECONOMIC NEWS AS WALL
STREET FRAUDS ATTEMPT TO WINDOW DRESS
REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND
COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. DOLLAR DOWN SHARPLY.
earnings downgrade for merrill lynch/financials and reluctance to take
mark-to-market loss (prompted bear bailout) scuttles(?) clear channel deal.
GOVERNMENT HIRING NEW (FDIC) BANK REGULATORS FOR INCREASING BANK FAILURES.
S&P CASE SHILLER INDEX REGISTERS SHARPEST HOUSING PRICE DECLINE ON RECORD
AT –11.4%, CONSUMER CONFIDENCE INDEX DOWN TO 5 YR. LOW OF 65 WHICH IS
SUBSTANTIALLY BELOW EXPECTED 73, AND EXPECTATIONS INDEX AT LOWEST SINCE 1973.
KEN SHREVE OF IBD POINTS TO VOLUME (COMMISSION GENERATING COMPUTERIZED
PROGRAMMED TRADES SIMULATING DEMAND) AS A GOOD SIGN…RIIIIIGHT…CITES SELLING
PRESSURE ON THE WAY UP AND SAYS WAIT AND SEE AS NEW LEADERSHIP DEVELOPS…RIIIIIGHT
(WHICH TRANSLATED MEANS HE DOESN’T KNOW WHERE THIS IRRATIONALLY EXUBERANT
MARKET IS GOING. S&P CASE SHILLER ANALYST/VP SAYS HOME PRICES IN DECLINE
WHICH ACCELERATED IN THE LAST 6-9 MONTHS AND SEES –20%/TROUGH IN LATE 2008.
R.E. ANALYST DOESN’T SEE BOTTOM PARTICULARLY IN SO. CALIFORNIA (IE., LA, SAN
DIEGO, ETC.) (MIAMI, LAS VEGAS, PHOENIX VERY BAD). AN ECONOMIST SAYS ANOTHER
YEAR OF DECLINES SINCE CONSUMER SPENDING/CONFIDENCE HAS WEAKENED SUBSTANTIALLY.
CALIFORNIA BUREAUCRAT (THAT’S ALL THERE IS) SAYS TOUGH TIMES AHEAD, POINTS TO
UPSIDE DOWN CONDITIONS (MORTGAGE LOANS GREATER THAN PROPERTY VALUES) AND SAYS
HOUSE OF CARDS. ANOTHER ECONOMIST SAYS MORE EROSION ON THE PRICE SIDE,-20%, AND
A WAYS TO GO. R.E. PROF. SAYS SLIDE TO CONTINUE UNTIL EXCESS SUPPLY IS CLEARED.
3-24-08 GREAT
OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY
(TAKE PROFITS) WHICH IS BASED UPON B**L S**T
AND NO REAL ECONOMIC NEWS AS WALL STREET FRAUDS IN LAST DITCH EFFORT TO WINDOW
DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED
AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. THE
ELECTION-YEAR-INDUCED RALLY FAKE NEWS PUSHED BY THE WALL STREET FRAUDS IS A
MEAGER TWO-FOLD; VIZ., EXISTING HOME SALES INCREASED (JAN.-FEB.) 2.9% EXCEEDING
SUBSTANTIALLY ECONOMISTS’ PREDICTIONS AND J.P. MORGAN WILLING TO PAY $10
INSTEAD OF $2 PER SHARE FOR FAILED INVESTMENT BANK BEAR STEARNS. REALITY:
INCREASED SALES DUE TO INCREASED FORECLOSURE SALES; PRICES DOWN 8.2%; MEDIAN
HOME PRICE FELL MOST EVER ON RECORD; INCREASED BEAR MONEY TO PLACATE
SHAREHOLDERS DESPERATE MOVE TO KEEP WORTHLESS SECURITIES FROM BEING DUMPED IN
MARKET WHERE SAME CAN’T BE SOLD AND WHERE SUCH WOULD RESULT IN OTHER SUCH BEING
MARKED TO MARKET (PENNIES ON A DOLLAR). ONE ANALYST SAYS NOTHING FUNDAMENTALLY
HAS CHANGED, DAY TO DAY TRADING ON DAY’S NEWS AND TODAY A HAPPY (NON) NEWS
DAY…RIIIIIGHT…AND RECOMMENDS FOR PROTECTION NON-U.S. ASSETS/SECURITIES, METALS,
AND BIG CAP TECH/MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION).
AN ECONOMIST SAYS THE FED’S CONFUSING DEAL PROTECTS ITS OWN MONEY BY
ESSENTIALLY PROVIDING A “BRIDGE LOAN” TO PREVENT THE WORTHLESS SECURITIES FROM
BEING DUMPED WHERE THERE IS NO MARKET FOR SAME CAUSING FURTHER WRITEDOWNS
across THE BOARD ON MARK TO MARKET. ANOTHER ANALYST EMPHASIZES DISFUNCTIONAL
BANKING/CONTINUED WRITEDOWNS/LOSSES/BALANCE SHEET PROBLEMS FOR FINANCIAL
INSTITUTIONS/WE’VE NOT SEEN THE BOTTOM, IN RECOMMENDING TAKING SOME PROFITS
WITH ELECTION YEAR STIMULUS CREATING INFLATIONARY PROBLEMS, THOUGH STILL IN
BEAR MARKET THE REAL DECLINE AND REAL RECESSION (WE’RE ALREADY IN RECESSION) TO
COME POST ELECTION/2009 AND THE INTERMEDIATE TERM IS VERY SCARY. ONE R.E.
ANALYST SAYS ONE THIRD OF EXISTING HOME SALES WERE FORECLOSURES WITH OVERSUPPLY
OF PROPERTIES WHICH WILL TAKE A LONG TIME TO WORK OUT WHILE ANOTHER r.e.
ANALYST SAYS YEARS TO WORK OUT WITH ONLY LIMITED IMPROVEMENT LATE 2009. 3-20-08 FULL
MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY
WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS)
WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ.,
UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT
SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS,
PHILADELPHIA FED MANUFACTURING INDEX DOWN,
AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS
ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE
SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY
SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE
HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE
LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE
MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH
DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE
RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS
SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE
PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON
HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT
ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT,
DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY
STATES ECONOMY HAS ALREADY (DECEMBER,
2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE
ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN
OPPORTUNITY TO SELL/TAKE PROFITS (i TOTALLY AGREE), THAT THE FED DESPERATION
MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE
NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY
OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER
FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA
BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I
WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL
INTO STRENGTH/TAKE PROFITS/SELL). morgan stanley earnings down 40% but better
than expected…..riiiiight…..on computerized bond/stock trading commissions.
merrill lynch says more loan losses. one analyst says not much optimism
regarding fed moves, deepening fears about economy, wall street stuck with a
lot of stuff (ie., junk bonds, junk securities, junk derivatives, subprime
mortgages, etc.) which can’t be sold except at firesale prices, avoid equities
particularly small/midcaps, raise cash (taking profits/selling), looking for
confirmation, entered recession in february but with inflation a very tough
scenario. an oil analyst says commodity bubble bursting with profit-taking/path
of least resistance but still record diesel at $4.21, record home heating oil
$3.80 so wait and see. another analyst says emerging markets attractive
relative to developed citing p/e multiple comparison but no save haven and
points to further weakness in dollar relative to other currencies. metals
analyst says rate cut less than expected and etfs (and computerized trading
thereof) has propped demand. 3-18-08 Suckers’
bear market irrationally exuberant bubble rally on fed fear and trembling panic
move TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION
TRADE DOLLARS FLOWING. I WARNED
AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I
WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST
INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER
PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36%
TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND
LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN
FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY
WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS
OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK,
ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED
BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND
SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS
200+ point computerized BUY PROGRAM suckers’ bear market/short-covering rally
to the upside based upon nothing whatsoever that hasn’t already been discounted
(ie., more rate cuts by fed in panic mode, etc.). I WARNED AGAINST THE
DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF
THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN
DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE
PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.).
YET aNOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS
IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS
PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND
REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND
RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND
EMERGING FAR EAST MARKETS). aNOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO
LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF
TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT
TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM
YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT
BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS
EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 early surge based
on false benign inflation report (showing no change in retail inflation) from
the government gives way to reality that they can’t cover up/lie about (despite
intra-day suckers rally) when there is a run on large wall street investment
bank bear stearns (first such since the great depression) which cites liquidity
crisis as ny fed and jp morgan intervene with 28 day loan as bear is holding
high risk (worthless) assets which are illiquid (thinly traded/can’t be sold)
as reserves (they are not alone in this regard among the frauds on wallstreet,
etc., and only 2 days ago bear said balance sheet stable), all time lows for
the dollar, wsj reports majority of economists think we’re in recession,
michigan (non-washington non-fed gov’t report) sentiment index at new 16 year
low. One ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL
CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION
NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW
LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR
OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS
WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION
BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE
PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD
AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN
SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE
AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM
STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG
WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE
BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS,
ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF
ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD
AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR
OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED
UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE
NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION,
HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT
NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR
MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT
ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A
RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR
RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT
EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY
(CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS
AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN
$100,000, AND BUDGET DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY,
DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE
ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS
IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS
IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS
WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH
OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO
GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD
DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS
NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO
FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS
WORRISOME/TROUBLESOME. 3-11-08 Suckers’ bear
market irrationally exuberant new EPHEMERAL bubble rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY
BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME
COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT
WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP
IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS
PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE
ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING
TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH
MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A
BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION
BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF
FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH
STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT
OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY,
NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS
ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR
THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN,
EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST
SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF
THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID
BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT
MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND
U.S. STOCKS. 3-7-08 BAD
EMPLOYMENT/JOBS DATA across ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD
REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE
ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE
STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT
WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED
BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS
BROKEN TO THE DOWNSIDE, sentiment- 85% believe things will get worse. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY
TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS
FLOWING. 23% INCREASE IN FORECLOSURES IN
FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0
OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT
ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH
FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW
LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG
DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR
UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION
YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED
BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR,
LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET,
ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES
FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL
AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT
AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS
CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL
DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 Suckers’ bear
market rally into the close based on b**l s**t alone, viz., rumor/speculation
about yet another bailout for wall street/ambac/bond insurers and over 200
point swing to the upside based on nothing whatsoever, one economist/analyst
notes this is the deepest housing decline since great depression, bernanke says
another spike in foreclosures ahead and proposes reduction of principal amounts
in existing loans (sounds like a plan…..riiiiight!), ken shreve finance editor
investors business daily says bear market 6-9 months/ don’t try to catch a
falling knife as institutions still selling/keep money safe in 3% money market
for time being, one oil analyst says oil higher before lower as expected rate
cut will further weaken dollar and drive up oil/commodities prices and problems
in consumer debt in addition to mortgages and nobody wants to hold dollars, 3-3-08 Suckers’ bear
market rally into the close, yes we are in a recession from someone who unlike
the frauds on wall street has read security analysis by graham, dodd, and
cottle and understands it (warren buffet), all news
negative, ie., ism manufacturing index down to 48.3 (contraction), car sales
down at gm (-12%) and ford (-7%), construction spending down most in 14 years,
oil analysts point to the new highs while economist/analyst says dollar has
fallen through all support levels meaning more bottoms to come, INFLATION
OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED
WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN
SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION
LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK
DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK
MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE
INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER
ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER
ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR
DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER
ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP
GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT
MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP
19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER
WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH
(STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO
BRING DOWN INFLATION, new record LOW
FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY
CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY
AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE
THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION
PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS
AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT
SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90%
YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57%
IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE
4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW,
ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS
LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.)
WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER
MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST
SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH,
DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT
TO ENTER RECESSION (that’s already here), Stiglitz
Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING
AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE
WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY
CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP
6% ON ETHANOL CROWD-OUT, HOME SALES
DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES
FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS
FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX
UNEXPECTEDLY AND SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell
to a -24, indicating a sharp contraction in the region's manufacturing
activity. Economists had anticipated a reading of -10, a less pronounced
contraction. Last month the reading came in at -20.9.), ONE ECONOMIST/ANALYST SAYS
SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED
DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND
ANOTHER DECLINE OF 15-20% TO COME. MODEST DROP RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. (3-28-08) (DOW
-86, NASDAQ -20, S&P –10.5) [CLOSE- OIL $105.62/ GOLD $930.60 / SILVER
$17.94 / PLATINUM $2,020 / DOLLAR= .63 EURO, 98 YEN, .4979 POUND STERLING, ETC.
(How low can you go - LOWER)/ 10 YR NOTE YIELD 3.44%]. I WARNED AGAINST THE DEBACLE IN IRAQ, I
WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL
ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED
SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT
OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE
PROFITS). REALITY: THIS IS A BEAR
MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE
PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ONE
ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR
VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF
SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD
ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING
WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON,
AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds
in jail and require fines, penalties and disgorgement of their ill-gotten
gains. [Please
note: I seldom name analysts/reporters/journalists bearing not so glad tidings
for fear they’ll be crucified by the frauds on wall street].
(3-27-08) (DOW -120, NASDAQ -43, S&P -15) [CLOSE-
OIL $107.58/ GOLD $948.80 / SILVER $18.55 / PLATINUM $2,043.70 / DOLLAR= .63
EURO, 98 YEN, .4979 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 3.54%]. GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE
WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES
S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND
IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED
ALTERNATIVES OVER DECADE). FOURTH
QUARTER ECONOMIC GROWTH REVISED UPWARD TO ANEMIC .6% (RIIIIIGHT…..SO
THEY WON’T HAVE TO USE THE R FOR REALITY WORD RECESSION). OIL UP ON SUPPLY
CONCERNS AND DOLLAR DOWN SHARPLY. UNEMPLOYMENT CLAIMS AT HIGH 366,000 AND
ORACLE DISAPPOINTS ON SALES AS MERRILL IS DOWNGRADED. ONE ANALYST SAYS LEHMAN
(-9%) BEARS EERIE SIMILARITIES TO BEAR STEARNS, CITES SUBSTANTIAL NUMBER OF
PUTS AND RUN ON BANKS WHICH WILL HELP FOREIGN BANKS (IE., SWISS, ETC.), ALSO
CAUTIONS ON DRUG SECTOR/SIDE EFFECTS. OIL ANALYST EMPHASIZES $7 RUN IN TWO
DAYS, BOMBING OF OIL SUPPLY LINE IN IRAQ, WEAKER DOLLAR, LIQUIDITY CRISIS, IRAQ
VIOLENCE, LOWER REFINERY RUNS AND SAYS OIL/GAS PRICES HIGHER BEFORE LOWER. ONE
ECONOMIST SAYS CREDIT CRISIS AND POINTS TO PURCHASING POWER FAILURE AS BORROWED
FUNDS (IE., HOME EQUITY, ETC.) ARE DEPLETED AND WAGES LOWER, WHILE ANOTHER
ECONOMIST WHO HAS ALREADY CALLED RECESSION SEES MORE REGULATION FOR
TROUBLED INVESTMENT BANKS AS
DISTINGUISHED FROM FDIC INSURED COMMERCIAL BANKS AND SAYS CREDIT CRUNCH WILL
CONTINUE. AIRLINE COMMENTATOR/ANALYST CITES OLDER PLANES FOR PUBLICIZED
PROBLEMS, SURCHARGES/HIGHER FUEL COSTS FOR HIGHER PRICES. 3-26-08 GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) IN WHAT REMAINS OF THIS SUCKERS’ BEAR MARKET RALLY AS THE WALL STREET
SCAM UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF
401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN
DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER
DECADE). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. BANKING
SECTOR DOWNGRADED CITING MORE WRITE-DOWNS AND –84% EARNINGS (CITI, ETC.).
FACTORY ORDERS/DURABLES DOWN MORE THAN EXPECTED 1.75% AND NEW HOME SALES DOWN
1.8% ALONG WITH PRICE DECLINES (INCLUDING MEDIAN PRICE DECLINE). WSJ ARTICLE
RAISES SPECTER OF FED BANKRUPTCY AND PUBLIC BAILOUT. ONE ANALYST CITES CITIBANK
DIFFICULTIES, LBO TROUBLES (IE., CLEAR CHANNEL, ETC.), FED HOLDING JUNK PAPER,
AND RECOMMENDS DEFENSIVE (IE., CONSUMER STAPLES, ETC.) POSTURE INCLUDING
MULTINATIONALS WITH OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION). OIL
ANALYST SAYS RECORD OIL/ GAS PRICES (GAS UP ANOTHER 5-10 CENTS) AND CITES
DECLINE IN REFINERY RUN, CONFLICT IN IRAQ, AND EUROPEAN CENTRAL BANK’S FIGHT
AGAINST INFLATION/LOWER DOLLAR AND SAYS NATURAL GAS AN INTERESTING PLAY. ONE REPORTER
CITES DROP IN GAS SUPPLIES AND FINANCIAL SECTOR WRITEDOWNS. R.E. ANALYST POINTS
TO SO. CAL. 400% INCREASE IN FORECLOSURES AND SAYS NO IMPROVEMENT UNTIL AT
LEAST LATE 2008/EARLY 2009. CURRENCY EXPERT SAYS FINANCIAL INSTITUTIONS WILL
SURVIVE BUT WON’T BE LENDING, DOLLAR RISK TO THE DOWNSIDE, FED HOLDING BAD
RESERVES, HOUSING MARKET TO CONTINUE DECLINE, AND FAVORS EURO. 3-25-08 GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) THIS SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE WHICH IS BASED UPON B**L S**T AND NOTHING BUT BAD ECONOMIC NEWS AS WALL
STREET FRAUDS ATTEMPT TO WINDOW DRESS
REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND
COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. DOLLAR DOWN SHARPLY.
earnings downgrade for merrill lynch/financials and reluctance to take
mark-to-market loss (prompted bear bailout) scuttles(?) clear channel deal.
GOVERNMENT HIRING NEW (FDIC) BANK REGULATORS FOR INCREASING BANK FAILURES.
S&P CASE SHILLER INDEX REGISTERS SHARPEST HOUSING PRICE DECLINE ON RECORD
AT –11.4%, CONSUMER CONFIDENCE INDEX DOWN TO 5 YR. LOW OF 65 WHICH IS
SUBSTANTIALLY BELOW EXPECTED 73, AND EXPECTATIONS INDEX AT LOWEST SINCE 1973.
KEN SHREVE OF IBD POINTS TO VOLUME (COMMISSION GENERATING COMPUTERIZED
PROGRAMMED TRADES SIMULATING DEMAND) AS A GOOD SIGN…RIIIIIGHT…CITES SELLING
PRESSURE ON THE WAY UP AND SAYS WAIT AND SEE AS NEW LEADERSHIP
DEVELOPS…RIIIIIGHT (WHICH TRANSLATED MEANS HE DOESN’T KNOW WHERE THIS
IRRATIONALLY EXUBERANT MARKET IS GOING. S&P CASE SHILLER ANALYST/VP SAYS HOME
PRICES IN DECLINE WHICH ACCELERATED IN THE LAST 6-9 MONTHS AND SEES –20%/TROUGH
IN LATE 2008. R.E. ANALYST DOESN’T SEE BOTTOM PARTICULARLY IN SO. CALIFORNIA
(IE., LA, SAN DIEGO, ETC.) (MIAMI, LAS VEGAS, PHOENIX VERY BAD). AN ECONOMIST
SAYS ANOTHER YEAR OF DECLINES SINCE CONSUMER SPENDING/CONFIDENCE HAS WEAKENED
SUBSTANTIALLY. CALIFORNIA BUREAUCRAT (THAT’S ALL THERE IS) SAYS TOUGH TIMES
AHEAD, POINTS TO UPSIDE DOWN CONDITIONS (MORTGAGE LOANS GREATER THAN PROPERTY
VALUES) AND SAYS HOUSE OF CARDS. ANOTHER ECONOMIST SAYS MORE EROSION ON THE
PRICE SIDE,-20%, AND A WAYS TO GO. R.E. PROF. SAYS SLIDE TO CONTINUE UNTIL
EXCESS SUPPLY IS CLEARED. 3-24-08 GREAT OPPORTUNITY TO SELL
INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS
BASED UPON B**L S**T AND NO REAL
ECONOMIC NEWS AS WALL STREET FRAUDS IN LAST DITCH EFFORT TO WINDOW DRESS
REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND
COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. THE
ELECTION-YEAR-INDUCED RALLY FAKE NEWS PUSHED BY THE WALL STREET FRAUDS IS A
MEAGER TWO-FOLD; VIZ., EXISTING HOME SALES INCREASED (JAN.-FEB.) 2.9% EXCEEDING
SUBSTANTIALLY ECONOMISTS’ PREDICTIONS AND J.P. MORGAN WILLING TO PAY $10
INSTEAD OF $2 PER SHARE FOR FAILED INVESTMENT BANK BEAR STEARNS. REALITY:
INCREASED SALES DUE TO INCREASED FORECLOSURE SALES; PRICES DOWN 8.2%; MEDIAN
HOME PRICE FELL MOST EVER ON RECORD; INCREASED BEAR MONEY TO PLACATE
SHAREHOLDERS DESPERATE MOVE TO KEEP WORTHLESS SECURITIES FROM BEING DUMPED IN
MARKET WHERE SAME CAN’T BE SOLD AND WHERE SUCH WOULD RESULT IN OTHER SUCH BEING
MARKED TO MARKET (PENNIES ON A DOLLAR). ONE ANALYST SAYS NOTHING FUNDAMENTALLY
HAS CHANGED, DAY TO DAY TRADING ON DAY’S NEWS AND TODAY A HAPPY (NON) NEWS
DAY…RIIIIIGHT…AND RECOMMENDS FOR PROTECTION NON-U.S. ASSETS/SECURITIES, METALS,
AND BIG CAP TECH/MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION). AN ECONOMIST SAYS THE FED’S CONFUSING DEAL PROTECTS ITS OWN MONEY
BY ESSENTIALLY PROVIDING A “BRIDGE LOAN” TO PREVENT THE WORTHLESS SECURITIES
FROM BEING DUMPED WHERE THERE IS NO MARKET FOR SAME CAUSING FURTHER WRITEDOWNS
across THE BOARD ON MARK TO MARKET. ANOTHER ANALYST EMPHASIZES DISFUNCTIONAL
BANKING/CONTINUED WRITEDOWNS/LOSSES/BALANCE SHEET PROBLEMS FOR FINANCIAL INSTITUTIONS/WE’VE
NOT SEEN THE BOTTOM, IN RECOMMENDING TAKING SOME PROFITS WITH ELECTION YEAR
STIMULUS CREATING INFLATIONARY PROBLEMS, THOUGH STILL IN BEAR MARKET THE REAL
DECLINE AND REAL RECESSION (WE’RE ALREADY IN RECESSION) TO COME POST
ELECTION/2009 AND THE INTERMEDIATE TERM IS VERY SCARY. ONE R.E. ANALYST SAYS
ONE THIRD OF EXISTING HOME SALES WERE FORECLOSURES WITH OVERSUPPLY OF
PROPERTIES WHICH WILL TAKE A LONG TIME TO WORK OUT WHILE ANOTHER r.e. ANALYST
SAYS YEARS TO WORK OUT WITH ONLY LIMITED IMPROVEMENT LATE 2009. 3-20-08 FULL
MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY
WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS)
WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ.,
UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT
SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS,
PHILADELPHIA FED MANUFACTURING INDEX DOWN,
AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS
ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE
SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY
SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE
HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE
LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE
MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH
DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE
RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS
SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE
PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON
HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT
ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT,
DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY
STATES ECONOMY HAS ALREADY (DECEMBER, 2007
OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE
ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN
OPPORTUNITY TO SELL/TAKE PROFITS (i TOTALLY AGREE), THAT THE FED DESPERATION
MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE
NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY
OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER
FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA
BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I
WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL
INTO STRENGTH/TAKE PROFITS/SELL). morgan stanley earnings down 40% but better
than expected…..riiiiight…..on computerized bond/stock trading commissions.
merrill lynch says more loan losses. one analyst says not much optimism
regarding fed moves, deepening fears about economy, wall street stuck with a
lot of stuff (ie., junk bonds, junk securities, junk derivatives, subprime
mortgages, etc.) which can’t be sold except at firesale prices, avoid equities
particularly small/midcaps, raise cash (taking profits/selling), looking for
confirmation, entered recession in february but with inflation a very tough
scenario. an oil analyst says commodity bubble bursting with profit-taking/path
of least resistance but still record diesel at $4.21, record home heating oil
$3.80 so wait and see. another analyst says emerging markets attractive
relative to developed citing p/e multiple comparison but no save haven and
points to further weakness in dollar relative to other currencies. metals
analyst says rate cut less than expected and etfs (and computerized trading
thereof) has propped demand. 3-18-08 Suckers’
bear market irrationally exuberant bubble rally on fed fear and trembling panic
move TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION
TRADE DOLLARS FLOWING. I WARNED
AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I
WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST
INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER
PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36%
TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN
AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN
FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY
WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS
OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK,
ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED
BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND
SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS
200+ point computerized BUY PROGRAM suckers’ bear market/short-covering rally
to the upside based upon nothing whatsoever that hasn’t already been discounted
(ie., more rate cuts by fed in panic mode, etc.). I WARNED AGAINST THE
DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF
THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN
DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE
PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.).
YET aNOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS
IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS
PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND
REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND
RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND
EMERGING FAR EAST MARKETS). aNOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO
LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF
TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT
TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM
YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT
BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS
EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 early surge based
on false benign inflation report (showing no change in retail inflation) from
the government gives way to reality that they can’t cover up/lie about (despite
intra-day suckers rally) when there is a run on large wall street investment
bank bear stearns (first such since the great depression) which cites liquidity
crisis as ny fed and jp morgan intervene with 28 day loan as bear is holding
high risk (worthless) assets which are illiquid (thinly traded/can’t be sold)
as reserves (they are not alone in this regard among the frauds on wallstreet,
etc., and only 2 days ago bear said balance sheet stable), all time lows for
the dollar, wsj reports majority of economists think we’re in recession, michigan
(non-washington non-fed gov’t report) sentiment index at new 16 year low. One
ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE
DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER
FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW
LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK
FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS
WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION
BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE
PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD
AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN
SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE
AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM STANDARD
AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE
FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS
WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS,
ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW
SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS).
RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR,
DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT
WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS,
MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH
FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS,
WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION
ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF
TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH
EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE.,
CONSUMERS USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY
FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA
SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS
WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST
FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS
ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES
DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS
THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY,
DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE
ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS
IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT
THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS
WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH
OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO
GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD
DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS
NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO
FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS
WORRISOME/TROUBLESOME. 3-11-08 Suckers’ bear
market irrationally exuberant new EPHEMERAL bubble rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY
BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME
COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT
WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP
IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS
PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE
ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING
TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH
MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A
BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION
BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF
FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH
STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT
OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY,
NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS
ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR
THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN,
EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST
SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF
THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID
BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT
MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND
U.S. STOCKS. 3-7-08 BAD
EMPLOYMENT/JOBS DATA across ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD
REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE
ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE
STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT
WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED
BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS
BROKEN TO THE DOWNSIDE, sentiment- 85% believe things will get worse. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY
TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS
FLOWING. 23% INCREASE IN FORECLOSURES IN
FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0
OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT
ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH
FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW
LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG
DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR
UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK
ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED
BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR,
LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET,
ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND
SHARES FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL
INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA
CONFLICT AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST
SAYS CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON
WELL DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 Suckers’ bear
market rally into the close based on b**l s**t alone, viz., rumor/speculation
about yet another bailout for wall street/ambac/bond insurers and over 200
point swing to the upside based on nothing whatsoever, one economist/analyst
notes this is the deepest housing decline since great depression, bernanke says
another spike in foreclosures ahead and proposes reduction of principal amounts
in existing loans (sounds like a plan…..riiiiight!), ken shreve finance editor
investors business daily says bear market 6-9 months/ don’t try to catch a
falling knife as institutions still selling/keep money safe in 3% money market
for time being, one oil analyst says oil higher before lower as expected rate
cut will further weaken dollar and drive up oil/commodities prices and problems
in consumer debt in addition to mortgages and nobody wants to hold dollars, 3-3-08 Suckers’ bear
market rally into the close, yes we are in a recession from someone who unlike
the frauds on wall street has read security analysis by graham, dodd, and
cottle and understands it (warren buffet), all news
negative, ie., ism manufacturing index down to 48.3 (contraction), car sales
down at gm (-12%) and ford (-7%), construction spending down most in 14 years,
oil analysts point to the new highs while economist/analyst says dollar has
fallen through all support levels meaning more bottoms to come, INFLATION
OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED
WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN
SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION
LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK
DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK
MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE
INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER
ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER
ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR
DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER
ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP
GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT
MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP
19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER
WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH
(STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO
BRING DOWN INFLATION, new record LOW
FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY
CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY
AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN
MORE THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION
PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS
AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT
SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90%
YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57%
IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE
4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW,
ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS
LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.)
WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER
MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST
SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH,
DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT
TO ENTER RECESSION (that’s already here), Stiglitz
Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING
AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE
WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY
CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP
6% ON ETHANOL CROWD-OUT, HOME SALES
DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES
FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS
FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX
UNEXPECTEDLY AND SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell
to a -24, indicating a sharp contraction in the region's manufacturing
activity. Economists had anticipated a reading of -10, a less pronounced
contraction. Last month the reading came in at -20.9.), ONE ECONOMIST/ANALYST
SAYS SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH
CONTINUED DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF
8-10% AND ANOTHER DECLINE OF 15-20% TO COME. MODEST DROP RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. (3-27-08) (DOW
-120, NASDAQ -43, S&P -15) [CLOSE- OIL $107.58/ GOLD $948.80 / SILVER
$18.55 / PLATINUM $2,043.70 / DOLLAR= .63 EURO, 98 YEN, .4979 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.54%]. I WARNED AGAINST THE DEBACLE IN IRAQ, I
WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL
ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED
SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT
OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE
PROFITS). REALITY: THIS IS A BEAR MARKET
IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE
PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ONE
ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR
VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF
SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD
ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING
WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON,
AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds
in jail and require fines, penalties and disgorgement of their ill-gotten
gains. [Please
note: I seldom name analysts/reporters/journalists bearing not so glad tidings
for fear they’ll be crucified by the frauds on wall street].
(3-26-08) (DOW -110, NASDAQ -17, S&P -12) [CLOSE-
OIL $106/ GOLD $949.20 / SILVER $18.38 / PLATINUM $2,000 / DOLLAR= .6311 EURO,
98 YEN, .498 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.46%]. GREAT OPPORTUNITY TO SELL (TAKE PROFITS) IN WHAT
REMAINS OF THIS SUCKERS’ BEAR MARKET RALLY AS THE WALL STREET SCAM UNEARTHED BY
REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS,
ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR,
NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). OIL
UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. BANKING SECTOR DOWNGRADED CITING
MORE WRITE-DOWNS AND –84% EARNINGS (CITI, ETC.). FACTORY ORDERS/DURABLES DOWN
MORE THAN EXPECTED 1.75% AND NEW HOME SALES DOWN 1.8% ALONG WITH PRICE DECLINES
(INCLUDING MEDIAN PRICE DECLINE). WSJ ARTICLE RAISES SPECTER OF FED BANKRUPTCY
AND PUBLIC BAILOUT. ONE ANALYST CITES CITIBANK DIFFICULTIES, LBO TROUBLES (IE.,
CLEAR CHANNEL, ETC.), FED HOLDING JUNK PAPER, AND RECOMMENDS DEFENSIVE (IE.,
CONSUMER STAPLES, ETC.) POSTURE INCLUDING MULTINATIONALS WITH OVERSEAS EARNINGS
(FAVORABLE CURRENCY TRANSLATION). OIL ANALYST SAYS RECORD OIL/ GAS PRICES (GAS
UP ANOTHER 5-10 CENTS) AND CITES DECLINE IN REFINERY RUN, CONFLICT IN IRAQ, AND
EUROPEAN CENTRAL BANK’S FIGHT AGAINST INFLATION/LOWER DOLLAR AND SAYS NATURAL
GAS AN INTERESTING PLAY. ONE REPORTER CITES DROP IN GAS SUPPLIES AND FINANCIAL
SECTOR WRITEDOWNS. R.E. ANALYST POINTS TO SO. CAL. 400% INCREASE IN
FORECLOSURES AND SAYS NO IMPROVEMENT UNTIL AT LEAST LATE 2008/EARLY 2009.
CURRENCY EXPERT SAYS FINANCIAL INSTITUTIONS WILL SURVIVE BUT WON’T BE LENDING,
DOLLAR RISK TO THE DOWNSIDE, FED HOLDING BAD RESERVES, HOUSING MARKET TO
CONTINUE DECLINE, AND FAVORS EURO. 3-25-08 GREAT
OPPORTUNITY TO SELL (TAKE PROFITS) THIS SUCKERS’ BEAR MARKET RALLY INTO
THE CLOSE WHICH IS BASED UPON B**L S**T AND NOTHING BUT BAD ECONOMIC NEWS AS WALL
STREET FRAUDS ATTEMPT TO WINDOW DRESS
REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND
COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. DOLLAR DOWN SHARPLY.
earnings downgrade for merrill lynch/financials and reluctance to take
mark-to-market loss (prompted bear bailout) scuttles(?) clear channel deal.
GOVERNMENT HIRING NEW (FDIC) BANK REGULATORS FOR INCREASING BANK FAILURES.
S&P CASE SHILLER INDEX REGISTERS SHARPEST HOUSING PRICE DECLINE ON RECORD
AT –11.4%, CONSUMER CONFIDENCE INDEX DOWN TO 5 YR. LOW OF 65 WHICH IS
SUBSTANTIALLY BELOW EXPECTED 73, AND EXPECTATIONS INDEX AT LOWEST SINCE 1973.
KEN SHREVE OF IBD POINTS TO VOLUME (COMMISSION GENERATING COMPUTERIZED
PROGRAMMED TRADES SIMULATING DEMAND) AS A GOOD SIGN…RIIIIIGHT…CITES SELLING
PRESSURE ON THE WAY UP AND SAYS WAIT AND SEE AS NEW LEADERSHIP
DEVELOPS…RIIIIIGHT (WHICH TRANSLATED MEANS HE DOESN’T KNOW WHERE THIS
IRRATIONALLY EXUBERANT MARKET IS GOING. S&P CASE SHILLER ANALYST/VP SAYS
HOME PRICES IN DECLINE WHICH ACCELERATED IN THE LAST 6-9 MONTHS AND SEES
–20%/TROUGH IN LATE 2008. R.E. ANALYST DOESN’T SEE BOTTOM PARTICULARLY IN SO.
CALIFORNIA (IE., LA, SAN DIEGO, ETC.) (MIAMI, LAS VEGAS, PHOENIX VERY BAD). AN
ECONOMIST SAYS ANOTHER YEAR OF DECLINES SINCE CONSUMER SPENDING/CONFIDENCE HAS
WEAKENED SUBSTANTIALLY. CALIFORNIA BUREAUCRAT (THAT’S ALL THERE IS) SAYS TOUGH
TIMES AHEAD, POINTS TO UPSIDE DOWN CONDITIONS (MORTGAGE LOANS GREATER THAN
PROPERTY VALUES) AND SAYS HOUSE OF CARDS. ANOTHER ECONOMIST SAYS MORE EROSION
ON THE PRICE SIDE,-20%, AND A WAYS TO GO. R.E. PROF. SAYS SLIDE TO CONTINUE
UNTIL EXCESS SUPPLY IS CLEARED. 3-24-08 GREAT OPPORTUNITY TO SELL
INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS
BASED UPON B**L S**T AND NO REAL
ECONOMIC NEWS AS WALL STREET FRAUDS IN LAST DITCH EFFORT TO WINDOW DRESS
REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND
COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. THE
ELECTION-YEAR-INDUCED RALLY FAKE NEWS PUSHED BY THE WALL STREET FRAUDS IS A
MEAGER TWO-FOLD; VIZ., EXISTING HOME SALES INCREASED (JAN.-FEB.) 2.9% EXCEEDING
SUBSTANTIALLY ECONOMISTS’ PREDICTIONS AND J.P. MORGAN WILLING TO PAY $10
INSTEAD OF $2 PER SHARE FOR FAILED INVESTMENT BANK BEAR STEARNS. REALITY:
INCREASED SALES DUE TO INCREASED FORECLOSURE SALES; PRICES DOWN 8.2%; MEDIAN
HOME PRICE FELL MOST EVER ON RECORD; INCREASED BEAR MONEY TO PLACATE
SHAREHOLDERS DESPERATE MOVE TO KEEP WORTHLESS SECURITIES FROM BEING DUMPED IN
MARKET WHERE SAME CAN’T BE SOLD AND WHERE SUCH WOULD RESULT IN OTHER SUCH BEING
MARKED TO MARKET (PENNIES ON A DOLLAR). ONE ANALYST SAYS NOTHING FUNDAMENTALLY
HAS CHANGED, DAY TO DAY TRADING ON DAY’S NEWS AND TODAY A HAPPY (NON) NEWS
DAY…RIIIIIGHT…AND RECOMMENDS FOR PROTECTION NON-U.S. ASSETS/SECURITIES, METALS,
AND BIG CAP TECH/MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION). AN ECONOMIST SAYS THE FED’S CONFUSING DEAL PROTECTS ITS OWN MONEY
BY ESSENTIALLY PROVIDING A “BRIDGE LOAN” TO PREVENT THE WORTHLESS SECURITIES
FROM BEING DUMPED WHERE THERE IS NO MARKET FOR SAME CAUSING FURTHER WRITEDOWNS
across THE BOARD ON MARK TO MARKET. ANOTHER ANALYST EMPHASIZES DISFUNCTIONAL
BANKING/CONTINUED WRITEDOWNS/LOSSES/BALANCE SHEET PROBLEMS FOR FINANCIAL
INSTITUTIONS/WE’VE NOT SEEN THE BOTTOM, IN RECOMMENDING TAKING SOME PROFITS
WITH ELECTION YEAR STIMULUS CREATING INFLATIONARY PROBLEMS, THOUGH STILL IN
BEAR MARKET THE REAL DECLINE AND REAL RECESSION (WE’RE ALREADY IN RECESSION) TO
COME POST ELECTION/2009 AND THE INTERMEDIATE TERM IS VERY SCARY. ONE R.E.
ANALYST SAYS ONE THIRD OF EXISTING HOME SALES WERE FORECLOSURES WITH OVERSUPPLY
OF PROPERTIES WHICH WILL TAKE A LONG TIME TO WORK OUT WHILE ANOTHER r.e.
ANALYST SAYS YEARS TO WORK OUT WITH ONLY LIMITED IMPROVEMENT LATE 2009. 3-20-08 FULL
MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY
WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS)
WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ.,
UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT
SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS,
PHILADELPHIA FED MANUFACTURING INDEX DOWN,
AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS
ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE
SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY
SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE
HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE
LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE
MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH
DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE
RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS
SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE
PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON
HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT
ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT,
DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY
STATES ECONOMY HAS ALREADY (DECEMBER,
2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE
ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN
OPPORTUNITY TO SELL/TAKE PROFITS (i TOTALLY AGREE), THAT THE FED DESPERATION
MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE
NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY
OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER
FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA
BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I
WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL
INTO STRENGTH/TAKE PROFITS/SELL). morgan stanley earnings down 40% but better
than expected…..riiiiight…..on computerized bond/stock trading commissions.
merrill lynch says more loan losses. one analyst says not much optimism
regarding fed moves, deepening fears about economy, wall street stuck with a
lot of stuff (ie., junk bonds, junk securities, junk derivatives, subprime
mortgages, etc.) which can’t be sold except at firesale prices, avoid equities
particularly small/midcaps, raise cash (taking profits/selling), looking for
confirmation, entered recession in february but with inflation a very tough
scenario. an oil analyst says commodity bubble bursting with profit-taking/path
of least resistance but still record diesel at $4.21, record home heating oil
$3.80 so wait and see. another analyst says emerging markets attractive
relative to developed citing p/e multiple comparison but no save haven and
points to further weakness in dollar relative to other currencies. metals
analyst says rate cut less than expected and etfs (and computerized trading
thereof) has propped demand. 3-18-08 Suckers’
bear market irrationally exuberant bubble rally on fed fear and trembling panic
move TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION
TRADE DOLLARS FLOWING. I WARNED
AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I
WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST
INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER
PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36%
TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN
AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN
FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY
WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS
OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK,
ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED
BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND
SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS
200+ point computerized BUY PROGRAM suckers’ bear market/short-covering rally
to the upside based upon nothing whatsoever that hasn’t already been discounted
(ie., more rate cuts by fed in panic mode, etc.). I WARNED AGAINST THE
DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF
THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN
DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE
PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION)
AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.). YET aNOTHER
ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL
SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY
TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A
CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS
NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING
FAR EAST MARKETS). aNOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE
OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY
AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME
SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY
HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS
WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1%
PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 early surge based
on false benign inflation report (showing no change in retail inflation) from
the government gives way to reality that they can’t cover up/lie about (despite
intra-day suckers rally) when there is a run on large wall street investment
bank bear stearns (first such since the great depression) which cites liquidity
crisis as ny fed and jp morgan intervene with 28 day loan as bear is holding
high risk (worthless) assets which are illiquid (thinly traded/can’t be sold)
as reserves (they are not alone in this regard among the frauds on wallstreet,
etc., and only 2 days ago bear said balance sheet stable), all time lows for
the dollar, wsj reports majority of economists think we’re in recession,
michigan (non-washington non-fed gov’t report) sentiment index at new 16 year
low. One ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL
CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION
NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW
LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK
FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS
WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION
BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE
PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD
AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO SELLS STOCKS
FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT
THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS
WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON
WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH
EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.)
SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY
WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS).
RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR,
DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT
WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS,
MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH
FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE
NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR MARKET IN A
RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT
DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS
(BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION,
LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED
LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING
RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS.
YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER
ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF
FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE
DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET
DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY,
DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE
ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS
IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT
THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS
WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH
OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO
GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD
DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS
NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO
FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS
WORRISOME/TROUBLESOME. 3-11-08 Suckers’ bear
market irrationally exuberant new EPHEMERAL bubble rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY
BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME
COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT
WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP
IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS
PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE
ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING
TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH
MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A
BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION
BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF
FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH
STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT
OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY,
NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS
ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR
THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN,
EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST
SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF
THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID
BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT
MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND
U.S. STOCKS. 3-7-08 BAD
EMPLOYMENT/JOBS DATA across ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD
REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE
ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE
STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT
WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED
BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS
BROKEN TO THE DOWNSIDE, sentiment- 85% believe things will get worse. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY
TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS
FLOWING. 23% INCREASE IN FORECLOSURES IN
FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0
OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT
ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH
FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW
LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG
DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR
UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK
ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED
BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR,
LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET,
ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND
SHARES FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL
INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF
VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER
ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS
DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 Suckers’ bear market rally into the close
based on b**l s**t alone, viz., rumor/speculation about yet another bailout for
wall street/ambac/bond insurers and over 200 point swing to the upside based on
nothing whatsoever, one economist/analyst notes this is the deepest housing
decline since great depression, bernanke says another spike in foreclosures ahead
and proposes reduction of principal amounts in existing loans (sounds like a
plan…..riiiiight!), ken shreve finance editor investors business daily says
bear market 6-9 months/ don’t try to catch a falling knife as institutions
still selling/keep money safe in 3% money market for time being, one oil
analyst says oil higher before lower as expected rate cut will further weaken
dollar and drive up oil/commodities prices and problems in consumer debt in
addition to mortgages and nobody wants to hold dollars, 3-3-08 Suckers’ bear
market rally into the close, yes we are in a recession from someone who unlike
the frauds on wall street has read security analysis by graham, dodd, and
cottle and understands it (warren buffet), all news
negative, ie., ism manufacturing index down to 48.3 (contraction), car sales
down at gm (-12%) and ford (-7%), construction spending down most in 14 years,
oil analysts point to the new highs while economist/analyst says dollar has
fallen through all support levels meaning more bottoms to come, INFLATION
OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED
WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN
SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION
LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK
DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK
MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE
INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER
ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER
ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR
DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER
ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP
GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT
MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP
19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER
WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS FINANCIALS
HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER ECONOMIST/ANALYST
SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET, YET ANOTHER
ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH
(STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO
BRING DOWN INFLATION, new record LOW
FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY
CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY
AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN
MORE THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION
PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS
AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT
SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90%
YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57%
IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE
4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW,
ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS
LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.)
WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER
MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST
SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH,
DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT
TO ENTER RECESSION (that’s already here), Stiglitz
Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING
AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE
WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY
CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP
6% ON ETHANOL CROWD-OUT, HOME SALES
DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES
FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS
FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX
UNEXPECTEDLY AND SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell
to a -24, indicating a sharp contraction in the region's manufacturing
activity. Economists had anticipated a reading of -10, a less pronounced
contraction. Last month the reading came in at -20.9.), ONE ECONOMIST/ANALYST
SAYS SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH
CONTINUED DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF
8-10% AND ANOTHER DECLINE OF 15-20% TO COME. MODEST DROP RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. (3-26-08) (DOW
-110, NASDAQ -17, S&P -12) [CLOSE- OIL $106/ GOLD $949.20 / SILVER $18.38 /
PLATINUM $2,000 / DOLLAR= .6311 EURO, 98 YEN, .498 POUND STERLING, ETC. (How
low can you go - LOWER)/ 10 YR NOTE YIELD 3.46%]. I WARNED AGAINST THE
DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF
THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR
DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL).
GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY
(TAKE PROFITS). REALITY: THIS IS A BEAR
MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE
PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ONE
ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR
VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF
SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD
ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING
WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON,
AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds
in jail and require fines, penalties and disgorgement of their ill-gotten
gains. [Please
note: I seldom name analysts/reporters/journalists bearing not so glad tidings
for fear they’ll be crucified by the frauds on wall street].
(3-25-08) (DOW -16, NASDAQ +14, S&P +3) [CLOSE- OIL $101.22 / GOLD $935 / SILVER $17.80 / PLATINUM $1,985.90 / DOLLAR= .639 EURO, 99.85 YEN, .498 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.51%]. GREAT OPPORTUNITY TO SELL (TAKE PROFITS) THIS SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE WHICH IS BASED UPON B**L S**T AND NOTHING BUT BAD ECONOMIC NEWS AS WALL STREET FRAUDS ATTEMPT TO WINDOW DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. DOLLAR DOWN SHARPLY. earnings downgrade for merrill lynch/financials and reluctance to take mark-to-market loss (prompted bear bailout) scuttles(?) clear channel deal. GOVERNMENT HIRING NEW (FDIC) BANK REGULATORS FOR INCREASING BANK FAILURES. S&P CASE SHILLER INDEX REGISTERS SHARPEST HOUSING PRICE DECLINE ON RECORD AT –11.4%, CONSUMER CONFIDENCE INDEX DOWN TO 5 YR. LOW OF 65 WHICH IS SUBSTANTIALLY BELOW EXPECTED 73, AND EXPECTATIONS INDEX AT LOWEST SINCE 1973. KEN SHREVE OF IBD POINTS TO VOLUME (COMMISSION GENERATING COMPUTERIZED PROGRAMMED TRADES SIMULATING DEMAND) AS A GOOD SIGN…RIIIIIGHT…CITES SELLING PRESSURE ON THE WAY UP AND SAYS WAIT AND SEE AS NEW LEADERSHIP DEVELOPS…RIIIIIGHT (WHICH TRANSLATED MEANS HE DOESN’T KNOW WHERE THIS IRRATIONALLY EXUBERANT MARKET IS GOING. S&P CASE SHILLER ANALYST/VP SAYS HOME PRICES IN DECLINE WHICH ACCELERATED IN THE LAST 6-9 MONTHS AND SEES –20%/TROUGH IN LATE 2008. R.E. ANALYST DOESN’T SEE BOTTOM PARTICULARLY IN SO. CALIFORNIA (IE., LA, SAN DIEGO, ETC.) (MIAMI, LAS VEGAS, PHOENIX VERY BAD). AN ECONOMIST SAYS ANOTHER YEAR OF DECLINES SINCE CONSUMER SPENDING/CONFIDENCE HAS WEAKENED SUBSTANTIALLY. CALIFORNIA BUREAUCRAT (THAT’S ALL THERE IS) SAYS TOUGH TIMES AHEAD, POINTS TO UPSIDE DOWN CONDITIONS (MORTGAGE LOANS GREATER THAN PROPERTY VALUES) AND SAYS HOUSE OF CARDS. ANOTHER ECONOMIST SAYS MORE EROSION ON THE PRICE SIDE,-20%, AND A WAYS TO GO. R.E. PROF. SAYS SLIDE TO CONTINUE UNTIL EXCESS SUPPLY IS CLEARED. 3-24-08 GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND NO RE