Gunfire Erupts
Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At
N.J. Mainstay Ends With Employee Killed – What else would you you expect from
a mobster’s casino in mob-infested jersey!
ANALYST FORECASTS: BULLS
AND BEARS By Richard Shaw [there were 3 bull forecasts which are bull s**t and not
included in the following excerpt to preclude fraud and conserve space; even
the neutrals are a stretch]
…..BEAR - May 30: Morgan Stanley equity analyst Jason Todd says sell this
S&P 500 rally. He says Morgan Stanley does not see large upside above
825-850. He said, “In the rush to buy a cyclical recovery, it seems earnings or
valuation no longer matters. We would be comfortable with this view if the
earnings trough was closer, but it is not.”
BEAR - MAY 28: Berkshire Hathaway possible successor
to Warren Buffet, David Sokol, says they see no evidence of the green shoots
that been a stimulus to the stock market. He sees the most significant
headwinds to the electric utility industry in his 30 years, and see continuing
housing industry problems.
BEAR?/BULL? - May 28: PIMCO co-CEO Bill Gross (manager of world’s largest
bond fund) portrays “new normal” including accelerating inflation toward the
latter part of a three- to five-year cycle, and the need to reexamine accepted
notions about investing. He said stocks have not and will not always outperform
bonds, and having 60% to 80% of portfolio assets in stocks may not always make
sense. He believes the dollar will lose its status as the reserve currency;
Brazil, India and China (forget Russia) will offer the best growth. The U.S.
government will be selling trillions in Treasuries; the US savings rate may
rise significantly, and the consumer economy may be shrinking long term due to
the aging of the population.
BULL?/BEAR? - May 28: GMO CEO Jeremy Grantham predicts higher US savings
and lower consumption with many postponed retirements. He sees some reasonable
values within the stock market now and sees the third year of the presidential
cycle (2011) as the most promising. He is not certain that a robust rally will
continune. Like John Bogle, he believes in the principle of having your age as
the percentage of bonds in your portfolio. He expects a bubble in emerging
market stocks to develop.
BEAR - MAY 26: Comstock Partners portfolio managers
Charlie Minter and Marty Weiner, say P/E’s on “as reported earnings” are too
high in consideration of the long-term trend in earnings (now in down phase).
“Over the past 75 years, most market peaks topped at around 20 times reported
earnings, and the troughs occurred at around 10 times earnings. The financial
mania of the late 1990s pushed P/Es to over 40 times reported earnings, and the
following bust never brought P/Es below 18 times reported earnings. … Going
back to 1950, every instance where actual earnings rose above trend-line
earnings was followed by a period where actual earnings went well below
trend-line earnings. Comstock Partners believes that we have entered such a
period now, and that the market is trading at such a high multiple of
trend-line earnings that it will be difficult to make money.”
BEAR - May 19: Gluskin Sheff analyst David Rosenberg
(formerly of Merill Lynch) says this rally is a sucker’s rally based on short
covering. “The FTSE All-World market P/E ratio on forward earnings estimates is
now around 15x, well above pre-Lehman collapse levels and nearly double the
lows for the cycle … this was a rally built largely on short covering, pension
fund rebalancing and the emergence of hope wrapped up in ‘green shoot’ data
points. … On average, the S&P 500 undergoes a correction of more than 20% …
at a minimum, take profits”
NEUTRAL (BEAR?) - May 11: Baring Asset Management portfolio
manager Hayes Miller says “Estimates suggest there isn’t that much further to
run because equities are fairly valued … Earnings growth for 2009 and 2010
can’t support prices too much higher than where we are today.”
BEAR - May 11: HSBC Global Asset Management chief
investment officer Leon Goldfeld, chief investment officer at HSBC Global Asset
Management said it’s “hard to see” enough profit growth to justify higher stock
prices. The firm’s strategy will be to reduce its holdings of equities and move
into bonds and cash, he said.Bloomberg TV on June 1, said HSBC forecasts 900 as
the year-end price for the S&P 500 index.
NEUTRAL - May 11: Bloomberg compilation of analyst forecasts of 2009
earnings for the S&P 500 is at $57.17 (not stated whether “as reported” or
“operating”). As of June 1, that puts the S&P at about 16.5 times
forecasted earnings. Yale economist Robert Schiller said the historic average
is a multiple of about 16.3. [we note that we are not in an average situation
or stage of a market, however].
BEAR - May 11: Bank of America CIO for private wealth
management expects a 10% correction. He said, “We’re going to be in a very
volatile, chop-and-grind type of market. We’ve been shown that there is a small
light at the end of the tunnel, it’s dim but getting brighter, and that’s why
stock prices have come this far this fast. Now, it’s all about ‘show me.’”
BEAR?/ BULL? - May Letter: PIMCO co-CEO Bill Gross wrote: “Do not
be deceived by the euphoric sightings of “green shoots” and the claims for new
bull markets in a multitude of asset classes. Stable and secure income is still
the order of the day. Shaking hands with the new government is still the
prescribed strategy, although it should be done at a senior level of the
balance sheet. If the government indeed becomes your investment partner, you
should keep the big Uncle in clear sight and without back turned. Risk will not
likely be rewarded until the global economy stabilizes and the Obama rules of
order are more clearly defined.”
BEAR - April 17: Barclay’s analyst Barry Knapp forecasts S&P 500
at 757 by year-end 2009. He said, “The equity market has priced this recovery
and then some. It looks pretty expensive to us.”
(7-1) SELL /
TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)[$$] Big Pay Packages Return to Wall
Street as new fraud gains steam (at The Wall Street Journal Online)] BASED ON
CONTINUED BAD NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY...Job losses / job concerns realistically
weigh on confidence, real estate values/prices continue downward trend as per
Case / Shiller Index (-18.1%, -21% in california) Gerald Celente speaks on Cap and Trade and other handicaps
to the US economyHOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... ,
personal income up modest .2% and spending down, China calls for new reserve
currency to supplant worthless dollar Dollar And Stocks Drop As China
Calls For New Global Currency, continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy still
contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%; U.S. Home Prices Drop 6.8 Percent in
April as Foreclosures Riseforeclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economyU.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world
economy to shrink by worse than previously predicted 2.9% and big difference
between not getting worse and getting better, market got ahead
of itself, stalled out, still depression/more job losses, higher oil-gas prices
/ higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or
sustainable, viz., record spending with record low revenues, rating cuts for
bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial
production/construction down 1.1%, housing starts allegedly up but if believed
will only increase the plethora of unsold inventories, empire manufacturing
index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record
high, analysts concur that fundamentals don’t support stock rally and that pac
money(defacto bribes) might derail any meaningful reform/regulation which is of
concern to the frauds on wall street who should be prosecuted, record loss of
wealth, higher gas prices, job losses, higher interest rates / yields, higher
commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets ,
new record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more than expected … bull
s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two YearsBUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’,so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(6-30) SECULAR
BEAR MARKET SUCKERS’ RALLY TO END WELL OFF SESSION LOWS TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED Job losses / job concerns realistically
weigh on confidence, real estate values/prices continue downward trend as per
Case / Shiller Index (-18.1%, -21% in california) Consumer
confidence suffers steep fall...Home prices post 18% annual
drop...Worldwide Depression: Review of Global Markets .Four banks fail, bringing 2009 tally to
19 more than all of 2008 at a total thus far of 44Dollar Falls Most in Month as China Urges New Reserve
CurrencyGerald Celente speaks on Cap and Trade and other handicaps
to the US economyHOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... ,
personal income up modest .2% and spending down, China calls for new reserve
currency to supplant worthless dollar Dollar And Stocks Drop As China
Calls For New Global Currency, continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy still
contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%; U.S. Home Prices Drop 6.8 Percent in
April as Foreclosures Riseforeclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economyU.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world
economy to shrink by worse than previously predicted 2.9% and big difference
between not getting worse and getting better, market got ahead
of itself, stalled out, still depression/more job losses, higher oil-gas prices
/ higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or
sustainable, viz., record spending with record low revenues, rating cuts for
bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial
production/construction down 1.1%, housing starts allegedly up but if believed
will only increase the plethora of unsold inventories, empire manufacturing
index suffers unexpectedly severe decline…daaaah!, credit dard defaults at
record high, analysts concur that fundamentals don’t support stock rally and
that pac money(defacto bribes) might derail any meaningful reform/regulation
which is of concern to the frauds on wall street who should be prosecuted,
record loss of wealth, higher gas prices, job losses, higher interest rates /
yields, higher commodity prices, higher deficits, hyperinflation, record
continuing unemployment claims at 6.8 million, worthless Weimar dollar
crashing, money supply exploding with hyperinflation/higher interest
rates coming, budget deficit at new highs and trade deficit worse than expected,
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 ,
new record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more than expected … bull
s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two YearsBUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...The Next Bubble Is Here. Have You
Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’,so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Corporate
CFR Members Get Most of the Bailout Money New American | Treasury Secretary Timothy Geithner served as a
staff member of the New York City-based Council on Foreign Relations before
being hired in 2003 to head the New York City branch of the Federal Reserve
Bank.Watch out for the fake government stress tests
(they lie about everything!). Note the delay in the rollout. Bank analyst
Cassidy says bank plan a failure. Business week business analyst /reporter says
(tongue in cheek) the optimism (irrational exuberance) must be the advent of
spring and the birds chirping (in the heads of the wall street
lunatic/frauds…cukoos). Analysts/Economists comments include: slow release of
stress test results, details and accuracy of data crucial for stress tests
(good luck!), things have not bottomed out but pace of decline has slowed
somewhat, bleak outlook for GM, Chrysler and bankruptcy probably necessary
because of legacy costs, and public pension funds with ridiculously rich benefits
the next shoe to drop. Oxdown Gazette
sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). Four
more banks closed by regulators, this years closures exceeding all of 2008 as
depression continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO
(MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s
deposit insurance fund nearly $700 million as the effects of the credit crisis
continued rippling throughout the U.S. economy. Kennesaw,
Ga.-based American Southern Bank marked the 26th bank failure of the year and
the fifth in the state of Georgia, the FDIC said. Farmington Hills, Mich.-based
Michigan Heritage Bank then became the 27th failure of 2009, followed by the closure
of Calabasas, Ca.-based First Bank of Beverly Hills. Alpharetta, Ga.-based Bank
of North Georgia has agreed to assume American Southern Bank's deposits, the
FDIC said in a statement…
All reasons for previous reality plunge have been previously covered
and warned of here in real time; ie., new meaningless FASB accounting standards
which wall street frauds rallied on now have sold off on, worse to come in
credit defaults/losses, leading indicators down again, etc.. April 17 (Bloomberg) -- David Tice, the chief
portfolio strategist for bear markets at Federated Investors Inc., said
the Standard & Poor’s 500 Index will probably plunge about 62 percent.
He spoke during a Bloomberg Television interview today. The Federated Prudent
Bear Fund that he founded returned 6.7 percent last year as the S&P 500
plunged 38 percent, the most since 1937. Tice said the benchmark index for U.S.
stocks may slump to about 325. It closed today at 865.30. The measure has
surged 28 percent since March 9, the most in five weeks since the 1930s. SUCKER'S RALLY APPROACHING AN END byPeter
Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented. Bad news coming … The stock market pattern in 2008-9
has so far been a mirror image of the crash of 1929-30 with a halving of prices
from the autumn followed by a 25 per cent rally from March lows. In April 1930
stocks moved sideways and then they crashed another 50 per cent into the
summer… New record
continuing unemployment claims in excess of 6 million, -11% for new home sales
(unexpected but stocks and even homebuilders rallied), Bloomberg reports $13
trillion (much unaccounted for) taxpayer/bailout funds spent/lent/stolen by who
knows what/where/how (ie.,replace stolen funds?, etc.), second largest mall co.
to bankruptcy with more to come along with more commercial real estate
foreclosures. ‘…initial
claims for the week ending April 11 totaled 610,000, which is down more than
expected from the prior week, but continuing claims climbed more than expected
to a new record of 6.02 million. Separately, housing starts disappointed
investors hoping to find signs of a recovery in home building. Housing starts
for March totaled 510,000, which was below the 540,000 starts that were
expected and down from the prior month. Meanwhile, building permits in March
totaled 513,000, which is below the 549,000 permits that were expected, down
from February…’
SUCKER'S
RALLY APPROACHING AN END byPeter Cooper: Whatever the technical reason for the 25 percent rise in the
S&P over the past five weeks, or a more modest eight percent bounce in GCC
regional stock prices, the absurdness of this sucker’s rally ought to be
obvious to all. Unemployment is still rising, house prices are still falling,
and the fundamentals of bank balance sheets are still deteriorating with total
bad debts unknown except that we know they must be getting worse. Global trade
fell off a cliff in the first quarter of the year. Even Mercedes car sales to
the oil rich of the GCC fell 23 per cent. The collapse of the world’s second
largest economy, Japan, has been unprecedented. Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far. Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS)
results this week might well mark the top of the rally, beyond that the only
way is down.
Industrial
production down –13%, most since WW2. The wall street frauds celebrate increase
real estate sales…on increased foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums endUS foreclosures up 24 percent in 1st
quarterJim Rogers Says Investors Should Expect More Bottoms Still not one prosecution as new churn and earn
fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell the
sizzle tech sector now the wall street frauds’ refuge-remember the dot com
bust, etc.). BULL S**T STORIES FOISTED
AS B.S. TALKING POINTS FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND
EARN COMMISSIONING: WELLS FARGO RECEIVED $25
BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION
QUARTERLY PROFIT- GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY
TAXPAYER MONEY AND REPORTS QUARTERLY $1.8 BILLION PROFIT
- MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+
BILLION PROFIT – CITI RECEIVED $25 BILLION AND REPORTS QUARTERLY $1
BILLION LOSS - BANK OF AMERICA RECEIVED $45 BILLION AND REPORTS
QUARTERLY $3+ BILLION PROFIT AND SETS ASIDE $13 BILLION FOR LOAN LOSS
RESERVES – MORGAN STANLEY RECEIVED $10 BILLION AND REPORTS QUARTERLY $1
BILLION LOSS - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS
WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING
LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner CoverupWHAT TOTAL BULL S**T!…[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds
of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion
puts the amount at $600+trillion) have been
addressed much less solved; hence, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc.]. U.S. Treasury asking banks keep quiet on
stress testsNew unemployment claims at high 654,000 praised as positive
number… riiiiight! …as continuing unemployment claims at record 5.84 million
(real numbers even worse). Economy so bad that consumers can’t buy goods so
trade deficit shrank but this is a structural defect in u.s. economy so not
good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus,
consolidation, robbing peter to pay paul, take profits; while economist cite
Reich that we’re in depression and government as in land of fruits and nuts out
of control. Earnings revised downward for first
quarter –36.5%, more weakness, more unemployment, inflation to come on fast
says Hogan, and insurance companies now que up at corporate welfare/taxpayer
bailout lines.In positing (suckers’) bear market rally and advocating
hold cash/sell stocks Hillary Kramer points to the preposterous on wall street
where bad news greated as good vis-à-vis stocks (they call what wall street
does ‘fraud’…in a rational world where they would already be in jail).Madman
Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR
Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top…..Rational
View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness
in the financial sector, the looming deterioration of commercial real estate,
the credit markets tepid backing of the equity rally, and the still very shaky
and highly volatile global economy, it's our view at ETFdesk.com the recent
run-up in stocks is unwarranted and presents an overly optimistic view of the
months ahead. We believe investors should consider taking short term profits or
use the recent run to reduce equity exposure they are weary of. We also believe
investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…
THE
FOLLOWING AT LEAST TO PREVIOUS (7-6-09) IS MUST READ:
SELLER
April 17 (Bloomberg) -- David Tice, the chief portfolio
strategist for bear markets at Federated Investors Inc., said the
Standard & Poor’s 500 Index will probably plunge about 62 percent.
He spoke during a Bloomberg Television interview today. The Federated Prudent
Bear Fund that he founded returned 6.7 percent last year as the S&P 500
plunged 38 percent, the most since 1937. Tice said the benchmark index for U.S.
stocks may slump to about 325. It closed today at 865.30. The measure has
surged 28 percent since March 9, the most in five weeks since the 1930s.
SUCKER'S
RALLY APPROACHING AN END byPeter Cooper: Whatever the technical reason for the 25 percent rise in the
S&P over the past five weeks, or a more modest eight percent bounce in GCC
regional stock prices, the absurdness of this sucker’s rally ought to be
obvious to all. Unemployment is still rising, house prices are still falling,
and the fundamentals of bank balance sheets are still deteriorating with total
bad debts unknown except that we know they must be getting worse. Global trade
fell off a cliff in the first quarter of the year. Even Mercedes car sales to
the oil rich of the GCC fell 23 per cent. The collapse of the world’s second
largest economy, Japan, has been unprecedented. Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far. Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS)
results this week might well mark the top of the rally, beyond that the only
way is down.
Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP
INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day”
and the S&P and Dow closed at 2 months high and the Nasdaq is near its
highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top…..
Rational
View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’
Art Hogan recently summed up choosing stocks in
this environment thusly: ‘pick the best-looking horse at the glue factory’…..I
think he was as a courtesy to his industry overly generous. The administration
pitches hardballs to the auto industry while continuing to pitch powder puffs
to the wall street frauds who have perpetrated the largest (securities) fraud
in recorded history, turning a cyclical downturn into what is now unavoidably
depression, putting beleagered taxpayers in the unfathomable position of
funders/guarantors of the scam/fraud in bailing out the perpetrators of the
crimes (bush’s infamous base) who have financially benefited enormously (fees,
commissions, spreads, points, salaries, expenses, bonuses, etc.) from their
fraud/crimes. Still not even one prosecution from this
administration even though disgorgement, the legal remedy among other criminal
penalties, would aid the defacto bankrupt u.s. treasury! ON WHETHER
BEN BERNANKE HAS REDEEMED HIMSELF AND WHAT THAT MEANS FOR STOCKS:
I do not
think so. On the contrary, I think what the government is doing and its
economic "dream team" under Mr. Bernanke and Mr. Geithner and Mr.
Summers are going to be, from a longer term point of view, rather negative.
But, you understand, we can all sit here and say it will all end in disaster.
That I'm sure. But, in the meantime, we can have big moves in markets.
On the new bad assets purchase plan:
I think
he's doing the politically expedient thing from a very short term perspective.
If you have cracks in your walls and just put paint on it, it will hide them
and then you sell your house. But it won't solve the problems of the cracks -
it's the next owner and these are the children of the current taxpayer who will
pay for it. Marc Faber: 'It Will All End in Disaster'
It bears
repeating, so preposterous was 3-23-09 Pavlov dogs rally [conditioning to
associate what’s good for fraudulent wall street, viz., privatizing profits –
still not one prosecution for what now is the largest fraud/scam/swindle in the
history of this planet – and socializing the losses, is somehow positive for
america/the economy by the magnitude of this suckers’ bear market rally and
prior market manipulations] when the same created the instant crisis in the
first instance (don’t worry about the frauds on wall street, they’ll get their
commissions again on the way down as they did in creating this financial debacle/fraud
as they clamor for more taxpayer/treasury money). They’re still
printing/creating those worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don’t know
what they’re doing, are clueless, and disingenuously seek to divert attention
from the missing/stolen/bilked $14 trillion of taxpayer money with the
subterfuge of outrage over the relatively miniscule though not unimportant million
dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt: AnalystU.S. Budget Office offers darker economic and deficit
outlookThe Geithner-Summers-Bernanke Plan
to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar
Fierman: How quickly things change…..
Some stats from today’s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and
the stock market felt like it was forecasting the end of the world. We’ve now
rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they
really don’t seem to justify such an explosive move. Citi said they were profitable in
the first two months of the year and JP Morgan (JPM)
and Bank of America (BAC) said they were too. The Fed initiated some serious quantitative easing.
And now Geithner’s toxic asset plan this morning. I agree with the Capital
Spectator when he wrote this morning:
We’re skeptical largely because the rally this
month has drawn power primarily from a new round of hope that Washington’s
various experiments to right the economy will finally hit pay dirt. Perhaps,
but it’s not the stuff that powers sustainable rallies, much less secular bull
markets. We’re Sellers of This Rally!
Lawrence York
‘Treasury Secretary Geithner has released his plan to mop-up the
toxic assets held by banks that threaten their solvency and the global
financial system. Accordingly, the plan purposes that private equity firms
partner with the Fed to purchase bank assets at some discount set by the
private firms at auction. Then the Fed will leverage the purchase six-fold to
buy more bank assets and assume all the risk of leverage. In other words,
private firms will set the price and then put up half the initial purchase
price. The Fed will then put up non-recourse loans to purchase six times more debt
at the same price to be owned by the joint venture partners. If the deal works
private equity splits the booty equally. If the deal fails, the government
loses upwards to six times taxpayer's money and private equity loses only its
original equity match equal to 1/6 the total loss.
Flabergasted? Don't be. How often can you cut a deal where you get
to set the price and your partner puts in six times your money and you split
the profit. IF THESE DEAL TERMS DON'T UNDERSCORE WHY THE GOVERNMENT SHOULD NOT
HANDLE YOUR MONEY AND WHY THE GOVERNMENT SHOULD STAY OUT OF BUSINESS, WHAT
DOES? Other deal terms are that the Fed will designate the private equity
players, at least initially. Could it be that the Fed is creating another
pass-through mechanism to simultaneously bail out or reward its friends? If so,
look for Goldman Sachs (GS),
Merrill, Blackstone (BX),
Carlye Group, Texas Pacific Group, and perhaps Bear Stearns to be players. Look
also for the typical MOS of some Structured Investment Vehicle, not much
different from the Maiden Lane III SIV, to backstop or divert money where it
needs to be--by gratuitous selection that is. Oh, and never mind that Private
Equity may be joined by the Libyan Investment Authority (LIA and Private Equity
article by Financial Times) as Private Equity at
present is having a bit of a liquidity crunch with their own deflated, illiquid
assets. In short, the Geithner Toxic Asset Plan is just another bank bailout
and footnote to this era of 'Dark Capitalism" where profits are reaped and
losses socialized in an ever transparent way.’
Trevisani:
’…The beginning of quantitative easing calls all three ideas in question; it
increases the supply of dollars effectively lowering US interest rates well
below Europe’s; the need for such an unprecedented step undermines the hope for
a US recovery; and a devaluing dollar cannot be a safe haven. Add the projected
Federal deficits and the dollar begins to look very vulnerable. If the
Europeans go down the same quantitative road then the dollar’s disabilities may
be matched by the euro’s. But if they are not, then the Bernanke dollar call
may not be an option to buy but a call to sell…’ China
and most of the financial world outside the u.s. agrees with the latter. China Urges New Money Reserve to Replace Dollar Kremlin
to Pitch New Currency...
EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide
down the slope of hope. Unfortunately, we have seen plenty of good examples of
how that works over the past year. We have had dozens of new initiatives to try
to bolster the economy that create hope for a few days. The market will get
excited and we'll have some big point gains, but then doubts begin to surface
about how easily it will be to turn this economic supertanker that is going
over a waterfall. The buying stalls out, a few dip-buying attempts are made,
but eventually we break support levels and more downside ensues. That is
classic bear market action but the standard Wall Street reaction is to not
accept it…[The upshot is that the fraud continues in
churn-and-earn fashion with investors, taxpayer, etc., getting burned for the
sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been
addressed much less solved; hence, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc. - Analyst Andre Egleshion puts the amount at $600+trillion]…INVESTORS
…..FOOLED (at least today) By Rev Shark …..realization that
economic stimulus isn't going to be nearly as simple or easy (or effective) as
it sounds. We aren't going to spend our way out of this economic spiral …We'd
probably be better off if the government did less rather than more. The great
likelihood is that the unintended consequences we suffer will prolong the whole
cycle. We have to let some bad businesses and financial institutions fail…
HERE’S THE REAL DEAL:
SUMMARY/RECAP OF LORIMER
WILSON 3-17-09 ANALYSES/REVIEW Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and
2012
Russell Napier is the author of the book “Anatomy of the
Bear”, a professor at the Edinburgh Business School and a consultant to CLSA
Ltd. which is one of the top research houses in Asia. Napier’s research
indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow
30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling
the end of the bear market, as it has done at the end of the four largest U.S.
market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and
books including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11 on the
financial Richter scale causing a collapse of historic proportions; and
“Conquer the Crash: You can Survive and Prosper in a Deflationary Depression”
(2002) in which he described the economic cataclysm that we are just beginning
to experience and advised how to position one’s self financially during that
period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to
below 777 which was the starting point of its mania back in August 1982, and
quite likely drop below 400 at one or more times during the bear market.
Regulator: Before Banks Collapsed, They Pleaded With Feds To
Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial
Accounting Standards Board, pleading for a change in mark-to-market accounting
rules so that they can continue to appear to be solvent on their balance sheets
and hence, continue to defraud the public as they are now once again trying to
do. This says it all! Will FASB remain viable by resisting
fudge/fraud factor. Suckers’ bear market rally (Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers
suckered and commission dollars flowing to the frauds on wall street
Why we think this is a (suckers’) bear
market rally:
Citing 13 reasons that the bear will
continue in spite of this rally seems appropriate.
1. Current P/E: the current 20+ P/E on
trailing “as reported earnings” is too high for this set of negative sales,
earnings and dividends growth conditions.
2. Forward P/E: the projected 2010
S&P 500 earnings by Standard and Poor’s at about $40 would only support 800
at best (20 P/E), and more likely would support 600 (15 P/E), assuming there
was a general recovery under way — before that time, the current market should
sell for less than 800, and perhaps less than 600.
3. Earnings: profits are still
declining in the aggregate
4. Dividend Yield: banks and other
companies continue to cut dividends, reducing stock appeal and putting total
return in question until dividends stabilize and begin to grow (historically
dividends generated about 1/3 of total return for the S&P 500)
5. Revenue: overall sales are down —
declining sales, earnings and dividends are not reasons for bullish markets.
6. World GDP Growth: credible parties
(Goldman Sachs, IMF, and noteworthy individuals, such as Nouriel Roubini,
predict worsening global economies) — until forecasts for improvements within
12 months or less for the US or world economies become prevalent, the market is
unlikely to “anticipate” with a sustainable trend reversal to a bull
7. Government Intervention: the US and
global economies are currently highly government policy dependent, and while
policies are becoming more clear, they are not all revealed, and there are
suggestions more may be needed — the resulting uncertainty warrants low
valuation until government policies to “save” and “stimulate” economies are no
longer the centerpiece of investor hopes and earnings prospects
8. Real Estate: the US and global real
estate asset deflation continues with waves of negative impact on household and
institutional wealth — until property prices stabilize, or are believed to be
about to stabilize, a new bull market will have difficulty gaining traction.
9. Other Bank Shoes to Drop: the major
banks have not yet experienced likely future write-downs associated with
non-mortgage asset types, such as credit cards and auto loans.
10. Auto Industry: the fate of GM,
Chrysler and the entire supply chain is uncertain with unknown government
involvement.
11. LBOs: private equity firms built on
leverage may not be able to continue to service and rollover the debt they used
to make recent optimistic acquisitions — those debts could be a further burden
on the financial sector.
12. Retirees and Pre-Retirees: the 55
and over crowd who control the largest portion of US private assets are not as
likely to risk their life accumulations in stocks relative to bonds as they
were in the boom times of the last couple of decades — that will delay the
onset of a bull and subdue the extent of a bull when it occurs
13. Credit Availability: the credit and
leverage availability that helped the US stock market recover from the
2002-2003 bottom is not available at this time to increase household
expenditures and corporate capital investment — even the US government may be
put on credit rationing by China, which today said it is “worried” about the
credit quality of their US Treasury holdings, which has implications about
their willingness to support the borrowing our “stimulus” programs require and
assume to be available. ByRichard Shaw
Analyst Andre Egleshion points to continuing effect
of credit default swaps and pegs the amount of the worthless, fraudulent
(previously sold, commissioned, repackaged, resold, re-commissioned, etc.)
securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed’s
received $11.7 trillion since 2008 yet refuses transparency as to where funds
spent, who received same, etc., agrees with comment that shockingly no
prosecutions yet, economy re-tooling, need for stiffer regulation, points
to historical fact that fiat currencies and private central banks have
consistently failed, sees hyperinflation with dollar weakness (printed/created
like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud,
relaxation of rules/laws/enforcement (real asset values) (remember the
exemption from RICO garnered by fraudulent wall street-those campaign
contributions really pay off, etc.) ], spur suckers’ bear market short-covering
rally to keep
the suckers suckered and commission dollars flowing to the frauds on wall
street so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! NOW LISTEN HERE, FOR THIS IS TRUTH!: There
is not enough money in the entire world to cover the fraudulent securities
foisted/commissioned/ distributed/sold by the wall street frauds/perpetrators
which if assumed/guaranteed by the u.s. government (don’t forget that social
security/medicare are already technically insolvent/bankrupt - all
monies/reserves going into the general account and already and continually
spent) will only guaranty the insolvency of / worthlessness of the currency of
the u.s. treasury.Cost to buy protection against U.S. government
default surgesFrank
just said that he wants to prosecute those who’ve caused this crisis…waxman was
supposedly doing just that in part (fog of war fraud-360 tons of $100
dollar bills stolen), etc…. If they don’t do this as said, among others, they
should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE
SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT! Celente: U.S. Has Entered “The Greatest Depression” …‘… Watch for fake reports and continued jawboning/spin/b.s.
regarding bailout/stimulus as they are desperate yet remain protective of the
criminals who caused the crisis with their fraud in staggering amounts far
beyond the substantial scam by madoff ($50 billion) who now audaciously from
his $7 million NYC penthouse seeks ownership of same along with $62 million
(only in systemically fraudulent america). Why are they not seeking
disgorgement from the criminals who benefited from the huge multi-trillion
dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the
missing $4 trillion at the fed is…Why? Then there’s the $2 trillion in taxpayer
money, the destination of which the fed refuses disclosure of…Fed
Hides Destination Of $2 Trillion In Bailout Money…Why? How? This is
criminal activity of monumental proportion, yet protected by the bureaucratic
complicit frauds (I’ve experienced this directly in my RICO case), damaging lives here and abroad. Then there’s
also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted
this nation, killed many innocents, etc., [remember, ie., the 360 tons of
hundred dollar bills flown into Iraq that democrats/land of fruits and nuts
henry waxman (doesn’t he look like a hedgehog or some other rodent) the lying
fraud talked endlessly about while republicans were at the helm, yet nothing…no
prosecutions…the frauds who stole that money should put same in the failed
‘stimulus fraud pot’…at the least, etc.].An analyst previously said 2011-2014 earliest for
bottoming at best.Another analyst
previously pointed out there has been not one prosecution thus far and the
frauds on wall street should be prosecuted and forced disgorgement.…[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to
6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and
says spending/stimulus programs will not work, a point on which he is correct
and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In
case you believe that there are only “a couple of bad apples” in the United
States, here is an off-the-top-of-his-head (I could give many, many more
including my RICO case) list of corruption by leading pillars
of american society.
HOW MANY TIMES CAN THE WALL STREET
FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY
(STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD,
BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO
SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE
BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING
RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO
EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS
AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED
/RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE
TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE
THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME
FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
PREVIOUS
7-6,2-09, PREPOSTEROUS WAS THIS SURGE IN THE LAST 20 MINUTES INTO
THE CLOSE FOR SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)[$$] Big Pay Packages Return to Wall
Street as new fraud gains steam (at The Wall Street Journal Online)] BASED ON
CONTINUED BAD NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY...America’s
Effective Unemployment Rate at 18.7%? US loses
467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... (7-2)Seven more
banks fail, bringing 2009 tally to more than double all of 2008 at a total thus
far of 52; Private sector sheds another 473,000 jobs in
June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to doubleJim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…?Calls grow to supplant dollar as global currency China officials call for displacing
dollar, in timeTracking Two Depressions, 1929 and now
thisHOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... ,
personal income up modest .2% and spending down, China calls for new reserve
currency to supplant worthless dollar Dollar And Stocks Drop As China
Calls For New Global Currency, continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy still
contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%; U.S. Home Prices Drop 6.8 Percent in
April as Foreclosures Riseforeclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economyU.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world
economy to shrink by worse than previously predicted 2.9% and big difference
between not getting worse and getting better, market got ahead
of itself, stalled out, still depression/more job losses, higher oil-gas prices
/ higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or
sustainable, viz., record spending with record low revenues, rating cuts for
bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction
for stocks , institutional selling, industrial production/construction
down 1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets , new record for continuing
unemployment claims, fed downgrades outlook that previously provided b.s. for
suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY
IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more than expected … bull
s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two YearsBUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’,so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
PREVIOUS
7-1-09, SELL / TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET
SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)[$$] Big Pay Packages Return to Wall
Street as new fraud gains steam (at The Wall Street Journal Online)] BASED ON
CONTINUED BAD NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY...Job losses / job concerns realistically
weigh on confidence, real estate values/prices continue downward trend as per
Case / Shiller Index (-18.1%, -21% in california) Gerald Celente speaks on Cap and Trade and other handicaps
to the US economyHOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... ,
personal income up modest .2% and spending down, China calls for new reserve
currency to supplant worthless dollar Dollar And Stocks Drop As China
Calls For New Global Currency, continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy still
contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%; U.S. Home Prices Drop 6.8 Percent in
April as Foreclosures Riseforeclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economyU.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world
economy to shrink by worse than previously predicted 2.9% and big difference
between not getting worse and getting better, market got ahead
of itself, stalled out, still depression/more job losses, higher oil-gas prices
/ higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%) pullback/correction
for stocks , institutional selling, industrial production/construction
down 1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets , new record for continuing
unemployment claims, fed downgrades outlook that previously provided b.s. for
suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY
IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more than expected … bull
s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two YearsBUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’,so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
PREVIOUS
7-1-09, 6-30-09, SECULAR BEAR MARKET SUCKERS’ RALLY TO END
WELL OFF SESSION LOWS TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO
KEEP SUCKERS SUCKERED Job losses / job concerns realistically weigh on confidence,
real estate values/prices continue downward trend as per Case / Shiller Index
(-18.1%, -21% in california) Consumer
confidence suffers steep fall...Home prices post 18% annual
drop...Worldwide Depression: Review of Global Markets .Four banks fail, bringing 2009 tally to
19 more than all of 2008 at a total thus far of 44Dollar Falls Most in Month as China Urges New Reserve
CurrencyGerald Celente speaks on Cap and Trade and other handicaps
to the US economyHOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... ,
personal income up modest .2% and spending down, China calls for new reserve
currency to supplant worthless dollar Dollar And Stocks Drop As China
Calls For New Global Currency, continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy still
contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%; U.S. Home Prices Drop 6.8 Percent in
April as Foreclosures Riseforeclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economyU.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world
economy to shrink by worse than previously predicted 2.9% and big difference
between not getting worse and getting better, market got ahead
of itself, stalled out, still depression/more job losses, higher oil-gas prices
/ higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or
sustainable, viz., record spending with record low revenues, rating cuts for bank
sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial
production/construction down 1.1%, housing starts allegedly up but if believed
will only increase the plethora of unsold inventories, empire manufacturing
index suffers unexpectedly severe decline…daaaah!, credit dard defaults at
record high, analysts concur that fundamentals don’t support stock rally and
that pac money(defacto bribes) might derail any meaningful reform/regulation
which is of concern to the frauds on wall street who should be prosecuted,
record loss of wealth, higher gas prices, job losses, higher interest rates /
yields, higher commodity prices, higher deficits, hyperinflation, record
continuing unemployment claims at 6.8 million, worthless Weimar dollar
crashing, money supply exploding with hyperinflation/higher interest
rates coming, budget deficit at new highs and trade deficit worse than
expected, analyst who called crash says inflationary depression, banks passed
stress tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of
bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 ,
new record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more than expected … bull
s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two YearsBUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...The Next Bubble Is Here. Have You
Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’,so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
6-29-09, Worthless
dollar/High oil price stock rally…riiiiight!...Then there’s the madoff
propaganda event Fraudster Madoff gets 150 years,
with prosecutors patting themselves on the back when the reality is that there
has been not even one prosecution in the massive securities fraud which
benefited the wall street frauds greatly and make madoff look like a piker.Four banks fail, bringing 2009 tally to
19 more than all of 2008 at a total thus far of 44Dollar Falls Most in Month as China Urges New Reserve
CurrencyGerald Celente speaks on Cap and Trade and other handicaps
to the US economyHOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... ,
personal income up modest .2% and spending down, China calls for new reserve
currency to supplant worthless dollar Dollar And Stocks Drop As China
Calls For New Global Currency, continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy still
contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%; U.S. Home Prices Drop 6.8 Percent in
April as Foreclosures Riseforeclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economyU.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world
economy to shrink by worse than previously predicted 2.9% and big difference
between not getting worse and getting better, market got ahead
of itself, stalled out, still depression/more job losses, higher oil-gas prices
/ higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or
sustainable, viz., record spending with record low revenues, rating cuts for
bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial
production/construction down 1.1%, housing starts allegedly up but if believed
will only increase the plethora of unsold inventories, empire manufacturing
index suffers unexpectedly severe decline…daaaah!, credit dard defaults at
record high, analysts concur that fundamentals don’t support stock rally and
that pac money(defacto bribes) might derail any meaningful reform/regulation which
is of concern to the frauds on wall street who should be prosecuted, record
loss of wealth, higher gas prices, job losses, higher interest rates / yields,
higher commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 ,
new record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more than expected … bull
s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two YearsBUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...The Next Bubble Is Here. Have You
Bought In? , foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’,so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS 6-26-09, Worthless dollar/High oil price stock rally…riiiiight!...Then
there’s the madoff propaganda event Fraudster Madoff gets 150 years,
with prosecutors patting themselves on the back when the reality is that there
has been not even one prosecution in the massive securities fraud which
benefited the wall street frauds greatly and make madoff look like a piker.Four banks fail, bringing 2009 tally to
19 more than all of 2008 at a total thus far of 44Dollar Falls Most in Month as China Urges New Reserve
CurrencyGerald Celente speaks on Cap and Trade and other handicaps
to the US economyHOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... ,
personal income up modest .2% and spending down, China calls for new reserve
currency to supplant worthless dollar Dollar And Stocks Drop As China
Calls For New Global Currency, continuing unemployment
claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP
contraction –5.5%, all worse than expected (lennar wider than expected
quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy still
contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%; U.S. Home Prices Drop 6.8 Percent in
April as Foreclosures Riseforeclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economyU.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world
economy to shrink by worse than previously predicted 2.9% and big difference
between not getting worse and getting better, market got ahead
of itself, stalled out, still depression/more job losses, higher oil-gas prices
/ higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or
sustainable, viz., record spending with record low revenues, rating cuts for
bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial
production/construction down 1.1%, housing starts allegedly up but if believed
will only increase the plethora of unsold inventories, empire manufacturing
index suffers unexpectedly severe decline…daaaah!, credit dard defaults at
record high, analysts concur that fundamentals don’t support stock rally and
that pac money(defacto bribes) might derail any meaningful reform/regulation
which is of concern to the frauds on wall street who should be prosecuted,
record loss of wealth, higher gas prices, job losses, higher interest rates /
yields, higher commodity prices, higher deficits, hyperinflation, record
continuing unemployment claims at 6.8 million, worthless Weimar dollar
crashing, money supply exploding with hyperinflation/higher interest
rates coming, budget deficit at new highs and trade deficit worse than
expected, analyst who called crash says inflationary depression, banks passed
stress tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of
bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 ,
new record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more than expected … bull
s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two YearsBUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...The Next Bubble Is Here. Have You
Bought In? , foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’,so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS 6-26-09, SECULAR BEAR MARKET SUCKERS’ RALLY TO END
MIXED. HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO
THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST
RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM
THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND
BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE
FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF
THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE
BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS
COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED),
ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL
MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING,
CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER
FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... ,
personal income up modest .2% and spending down, China calls for new reserve
currency to supplant worthless dollar Dollar And Stocks Drop As China
Calls For New Global Currency, continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected AND BULL S**T
ALONE (ie., BUFFET: ECONOMY
IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more than expected … bull
s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two YearsBUFFET: ECONOMY IN 'SHAMBLES'; NO
SIGNS OF RECOVERY...The Next Bubble Is Here. Have You
Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’,so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
6-25-09, HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL
REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest
Pace in Two Years] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters)] BASED ON CONTINUED BAD
NEWS( ie., BUFFET: ECONOMY IN
'SHAMBLES'; NO SIGNS OF RECOVERY... , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy still
contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%;
Wall
Street Lunacy 2007 
