(1-27-12) Dow
12,661
-74 Nasdaq
2,816 +11 S&P 500 1,316 -2
[CLOSE- OIL $99.56 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27 (**The BTU-adjusted price of E-85 is the nationwide average price of
E-85 adjusted to reflect the lower energy content as expressed in British
Thermal Units - and hence miles per gallon - available in a gallon of E-85 as
compared to the same volume of conventional gasoline…’ so adjusted=$4.00 –
higher real than quoted price for respective states including CA, infra –
another manipulation for the ‘feel good’ effect despite the inflationary
over-printing of weimar dollars/currencies) (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,738 (+24% for year 2009) / SILVER $33.86 (+47% for year 2009)
PLATINUM $1,617 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 75 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.93% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
[ The frauds on wall street et als
should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train
Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , Fraud, b***s***,
desperation, the previous ultimate short squeeze/short-covering irrationally
exuberant rally, this is still an
especially great opportunity to sell / take profits because there’s much,
much worse to come! Only a fool believes what they say!
( US
Economic Data Reporting Now Officially A Farce: Every Economic Data Point
Prints 4+ Std Devs Above Consensus Zero Hedge | It appears that central
bank intervention was not the only thing in full force today.) Watch for more fake reports / data / and
spin in their infinite political desperation both here and across the sea,
and suckers’ rallies to suck suckers in and keep suckers sucked in! [
The USAGOLD/PG View is Correct. This is a great interview/video (10 minutes);
watch it here: ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David
Rosenberg On The Depression, The ECB, MF Global As A Canary In The
Coalmine... All With A Surprise Ending Durden, This
is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital Research ,
MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [This brief (pithily succinct) video explains
causal links between OTC derivatives, the financial crisis of 2008, Alan
Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global. (10
minutes-well worth it) , ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k (6 minutes-well worth it). , ’ Famed
economist predicts economic calamity in 2012. See the evidence.
http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also
predicted. Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm ,
Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by
2011 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.
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). , Goldman
Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Tyler Durden 11/30/2011 The much anticipated Goldman
Sachs list of "Top Trades Recommendations for 2012" is out... And
the squid is bearish. Which is bad news , Market
Rally Won't Last Long Forbes Halah Touryalai, Forbes
Staff ‘There’s no doubt Wednesday’s
market rally was the result of the move
by Central banks’ but don’t expect the sentiment to last very long.
, HUGE
RALLY CUT IN HALF AFTER EUROZONE RATINGS BOMBSHELL: Here's What You Need To
Know Business Insider Sam Ro’ Europe's
hell
week begins with new EU treaty proposals and reports of an S&P
ratings action bombshell…U.S. economic data was largely overlooked during
this morning's rally. The ISM services number unexpectedly fell to 52.0, missing
the expectation of an increase to 53.9. This also compares to last
month's number of 52.9. October factory orders fell 0.4%, which was slightly
worse than the 0.3% decline expected. September factory orders were
revised sharply lower…’ , Confirmed:
Not Just AAA Nations, but *All 17* Euro Nations to Be Put on Notice for Downgrade The Wall Street Journal , Standard
& Poor’s Puts Ratings On Eurozone Sovereigns On CreditWatch With Negative
Implications Dec 5th, 2011 (Standard & Poor’s) , Graham
Summers’ Weekly Market Forecast (Fade
the Fed? Edition) December 5th, 2011
‘Equities got giddy last week when the world’s central banks, lead by
the US Federal Reserve, lowered the global cost of borrowing Dollars.
Regardless of the market’s reaction, the whole thing smells of desperation
and quite frankly, everyone should be questioning the Fed’s move…The IMF,
Bank of England, and others have warned of a systemic collapse… do you think
they’re doing this for fun?Many investors will have their portfolios wiped
out in the coming carnage. It could be next week, or it could take place next
year… but we ARE heading into a Crisis that will be worse than 2008…’ , Gallup
Finds Recent Job Boost Due To "Temp And Part-Time" Hiring;
Underemployment Greater Than Prior YearSubmitted by
Tyler Durden on 12/05/2011 While the BLS unemployment number, fudged
strategically to lower the denominator, or the total labor force, may have
come well better than expected (as somehow miraculously ever more people find
the shadow economy a more hospitable place where to make their money and drop
off the BLS roll forever) we once again go to that trusty fallback, the
monthly Gallup poll of underemployment. What we find here is rather different
from what the BLS, and the administration would like us to believe, namely
that "underemployment, a measure that combines the percentage of workers
who are unemployed with the percentage working part time but wanting
full-time work, is 18.1% in November, as measured by Gallup without seasonal
adjustment. That is up from 17.8% a
month ago and 17.2% a year ago." Said simply, "many
employers appear to have chosen to hire part-time rather than full-time
employees for this holiday season." , Solyndra
Schadenfreude As Goldman Sachs Played Key RoleSubmitted
by Tyler Durden on 12/05/2011 While we are
not completely shy of saying we-told-you-so, in the case of the players in
Solyndra's fantastic rise and fall, we are more than happy to. Back
in September we highlighted Goldman Sachs' key role in the financing
rounds of the now bankrupt solar company and this evening MarketWatch
(and DowJones VentureWire) delves deeper and highlights how the squid has largely stayed out of the
headlines (what's the opposite of lime-light?) in this case
despite its seemingly critical assistance and support from inception to
pre-destruction. Goldman's
involvement in Solyndra, and its lofty valuation projections, lent
credibility to the company and helped rouse investor interest and it was this
private interest that was cited by DoE officials as a considerable factor in
its loan guarantee program. As we said before, anywhere you
look, Goldman has been there and left its mark...’ , The
Black Friday Shopping Hangover Is Coming: David Rosenberg Explains Submitted by Tyler
Durden on 12/05/2011 , Here
Comes The S&P Downgrade Barrage - Full Statement, In Which S&P Says France
May Get Two Notch DowngradeSubmitted by Tyler
Durden on 12/05/2011 , Jeremy
Grantham Releases The Scariest Market Forecast YetSubmitted
by Tyler Durden on 12/05/2011 , MUST
SEE – Bernanke’s Stealth Bailout For Wall Street Kept Secret From Congress
Daily Bail | Bernanke
runs his own private dictatorship. , How
The U.S. Will Become a 3rd World Country (Part 2) Hera Research | The United States
is quickly coming to resemble a post industrial neo-3rd-world country., SPX
Update: Topping Again? Minyanville
Jason Haver Dec 02, 2011 ‘The market is giving several signals that a top may
be near… In conclusion, I remain medium and long term bearish.’ , Lies,
Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment
rate in the United States is in excess of 22%. , Europe in worst hour since WW2: Merkel [Duh! Ya think?] , Congress
Trading Stocks on Inside Information!?Wall St. Cheat Sheet , Bob
Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex
talks with regular Friday guest Bob Chapman of the International Forecaster. , SPX Update: Crash Wave Ready; Confirmation Still Pending Jason Haver
11-11-11 , Do Valuation Metrics Still Apply or Has The Market Become
Untradable? Simon Maierhofer Etf Guide [ Short answers: No and yes the
market has become ‘untradable’ for investors. I would add that the ‘debased
dollar policies’ (ie., QE’s, overprinting of paper currencies / dollars,
etc.) enable sales / revenues to be booked with ‘more’ of the inflated
dollars relative to costs booked at the ‘fewer / greater value’ dollars which
spikes earnings but leads to the inevitable margin erosion when the reported
costs ‘catch up’ in terms of inflated ‘Weimar’ dollars. Hence, even the
averages when deflated for real inflation (see Faisal infra) show a far less
sanguine picture (than say, hard assets, ie., gold, etc.). Even more
important is the effect of the HFT programmed trades , http://albertpeia.com/wallstreetcrapshoot.jpg , Bernanke
Knows He’s Powerless This Time Around by Phoenix Capital Research
11/10/2011 , The
Aftermath of the Risk-Free Sovereign Debt Illusion Minyanville (Fri, Nov 11 ] Divergences Point To Stock Market Crash http://www.bullfax.com/?q=node-divergences-point-risk-stock-market-crash
11/10/2011 James A. Kostohryz , EU Warns Of
‘Deep, Prolonged Recession’ Dow Jones Newswires | The European Union
Thursday slashed its growth forecast for the 27-nation bloc in the coming
year. , Dave’sDaily:
http://www.etfdigest.com [WELL FOUNDED] FEAR REMAINS.. November 10, 2011
‘Rapidly changing news cycle, combined with HFT algos …As has been routine,
previous data was revised higher from 397K to 400K, and given this pattern,
you should expect current data revised higher next week…’ What First Time Unemployment Claims Data Is Saying About the
Economy Lee Adler Nov 10, 2011 ‘…Purely by accident,
the real number this week wasn't too far off at 398,753, but that was an
increase from last week's 369,647, not a decline as shown in the cartoon
numbers. Furthermore, it was about 70,000 more than at the seasonal low
reached the last week of September…’ Famed
economist predicts economic calamity in 2012. See the evidence.
http://w3.newsmax.com/a/aftershockb/video.cfm , These 4 things happen right before a heart
attack. newsmax
http://www.newsmax.com/Newsfront/silent-heart-attack-symptoms/2011/09/23/id/412086 ,
50% unemployment & 90% Dow crash also
predicted. Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm ,
http://www.economist.com/content/global_debt_clock
is ticking! Analyst
Sees 3% More Downside On Dow As Cyclicals Lose Momentum Barrons.com (Wed, Nov 9) [ Is that all?
Sounds like a fraudulent wall street wet dream! Far more reliable analysts
predict much lower, infra. ] , There
Is No Solution for Europe”: Stocks Tumble as Italian Yields SurgeThe Daily Ticker (Wed, Nov 9) , PERVASIVELY
CORRUPT, DEFACTO BANKRUPT AMERICA IS A TOTAL FRAUD IN THE INDUCEMENT AND
FACTUM. #9. (see infra) World’s Largest
Drug Dealer:
The American empire is the largest drug dealer in the world! Say it
isn’t so. Well, in addition to forcing legal drugs and genetically modified organisms on nations,
usually under the cover of foreign aid, America also leads in the illegal
drug trade. In fact, many researchers reveal that the war on drugs is
only utilized to control and monopolize the illicit drug trade.
The US government has been caught multiple times shipping
in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding
with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now
openly protects and
transports opium from Afghanistan
[ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In
fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining
its historical levels.” This month, the U.N. announced that Afghanistan now
provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.
Although the empire tries to keep it secret, they can’t hide the
hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm ] , HFT TRADING RULES MONDAY Dave’s Daily: http://www.etfdigest.com 11-7-11 ,
Italy: Too
Big to Fail, Too Big to Save? Nov 7th, 2011 (CNBC) , Italian
Debt Crisis Has Global Markets on Edge. Here’s Why It Matters to You JK
Comment: The Daily Ticker guys offer some interesting insight on the evolving
situation in Europe, and how “contagion” may not be limited to the shore’s of
Europe.’ , Presenting
The Latest Eurodebt Exposure Masking Scam Courtesy Of Morgan Stanley: Level 1
To Level 2 Transfers Tyler Durden , Here Is Today's 3pm
Rumor... Durden ‘In true save-the-market
style, as 3pm ET comes around we have another rumor from Europe. This time it
purports to be the creation of an investment fund, as a subsidiary of the
EFSF, which will 'attract' external capital sources, via tranching of
returns, to enable the purchase of sovereign debt in primary and secondary
markets. Headlines, via Bloomberg, for now suggest this is yet another
strawman…’ , No smoking gun: IAEA Iranian nuclear report falls flat
on its face Patrick Henningsen | The IAEA report has come up short, but the Axis
powers are still desperate to hit Iran
, 10 Reasons America Will Be Judged as the Most Brutal
Empire in History http://www.prisonplanet.com/10-reasons-america-will-be-judged-as-the-most-brutal-empire-in-history.html
Activist Post | Good and evil doesn’t have a grey zone.. America and her
Western cohorts will likely be viewed as the most brutal empire in history..
Although this empire is infinitely more powerful than Rome was, it will suffer
the same fate. For every negative action the empire commits, there’s an
equal and opposite good reaction. And the goodness of humanity will always
defeat tyranny when it goes too far. However, an empire with so much to
lose will go down swinging and slinging every weapon in its arsenal, thus
putting the final stamp on their status as most brutal empire in
history.’ , Greek Debt Crisis: Mark II of the Plan for a Greatest
Depression Kurt Nimmo | HSBC, a prized bankster asset connected to the City of London,
warns of a global depression. , Hit
With Big Withdrawals, Fed Sells Assets, Borrows Cash ilene
11/06/2011 , Fed
Underestimated Economy's Weakness: Kohn TheStreet [ Another ‘duh!’ moment from the fraudulent fed! ] , Tempted by Europe?
Don’t Be - http://www.theglobeandmail.com/globe-investor/markets/markets-blog/tempted-by-europe-dont-be/article2228163 ‘ ,
Europe.
Is. Finished. Phoenix Capital... 11/05/2011 ‘Europe is
finished. The region’s entire banking system is insolvent (with few
exceptions).’ , Earnings
Warning Ratio Highest In a Decade The Wall Street Journal ‘…In other words, even as the
market has rallied, the outlook for earnings has gotten worse.’ , Minyanville's
T3 Weekly Recap: Market Breaks Streak of Weekly Gains, Focus Shifts to Italy
Minyanville , The Chart That's Forecasted Every Major Move Correctly Since
March 2011 Simon
Maierhofer 11-4-11 ‘…major indices may just be
chopping around for another week or two before heading south for the winter…’
, SPX and NDX Update: Top May Be In as Retracement Rally Hits
Targets Jason Haver , Handicapping
a Global Market Meltdown Minyanville , Extreme Poverty Is Now At Record Levels – 19 Statistics
About The Poor That Will Absolutely Astound You The Economic
Collapse , Insider selling surges — CBS MoneyWatch , Greenspan
Suggested Cutting Taxes on the Wealthy to Increase Debt so the Fed Wouldn't
"Lose Control of Monetary Policy" Posted by: George Washington , First
Time Unemployment Claims Increase But Less Than Usual Posted by : ilene
Post date: 11/03/2011 - There's just one minor problem. http://www.zerohedge.com/contributed/first-time-unemployment-claims-increase-less-usual Courtesy of Lee
Adler of the Wall Street Examiner "Fewer people
applied for unemployment benefits last week, a hopeful sign that the job
market might be picking up," trumpeted the AP, in a news item picked up
by news organizations across the US and the world. There's just one minor
problem. First time claims actually increased by 9,361. The AP, and everybody
else, reports a fictitious number, the seasonally smoothed fantasy. They do
that because they figure that readers are too stupid to compare this week's
performance with the same week in previous years to see if the economy is
doing better or worse. I hold no such preconceived notion. If you are smart
enough to be reading this report, then you are smart enough to be able to
compare actual numbers, as opposed to the fake pablum spoon fed to you by the
economics punditocracy…’ , Unique
Historic Precedents Suggest Lower Prices
http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1 ETFguide Simon Maierhofer, November 3,
2011 , Europe is doomed — Felix Salmon http://blogs.reuters.com/felix-salmon/2011/11/03/europes-doomed-fate ‘This
is beginning to feel like 2008..’ , Because
Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency Durden Four months ago we predicted that in response
to the latest round of global economic deterioration, every central bank
would very soon join the toner party., Today's
Joke Du Jour Comes From Italy's Biggest Bank, UniCredit , SEC
Opens Investigation Into MF Global Insider Trading, Ignores Glaring Evidence
Of Client Capital Commingling, Hugh
Hendry Channels Irony And Paradox In His Latest Financial Outlook ‘..So what’s next? A crash, of
course..’, As
Repeatedly Warned, Quarter End Window Dressing Key Factor In MF Global's
Demise Tyler Durden11/04/2011 Citi:
"The Bear Market Rally Is Behind Us; We Anticipate A Move To
1,000-1,015" by Tyler
Durden 11/02/11 , Fed lowers GDP forecast, raises unemployment projections, mulls
more inflation producing, failed, futile, wall street fraud-friendly action
to the detriment of all others which rallies those ever more worthless as
with dollars ‘pieces of paper’ (actually not even, just ‘over-counted/supplied
computerized ‘ledger’ entries) for the ubiquitous as in the last financial
fraud debacle) for the continuing High-Frequency-Trade churn-and-earn
(Reuters) , Market
Recap: Banks Rally Back, Fed Outlook Worsens [jersey based, former
lautenberg adp data’s as worthless as that from the scandal-scarred commerce
dept. et als, ie., factory numbers; then, the labor dept.’s fake report, estimates,
numbers, including the b.s. service sector, etc..) Wall St. Cheat Sheet , Fed foresees far weaker growth than it had earlier , MF
Global Client Theft Estimate Doubled To $1.5 Billion? Durden, Game
Over Berlusconi? Italian Anti-Crisis Bill Fails
Durden, Egan
Jones Downgrades Jefferies On Concerns About Sovereign Exposure Amounting To
77% Of Equity Durden , Guest
Post: MF Global Shines A Light On Monetarism's Incapacity To Enhance The Real
Economy , Will
Spiking Vol Drag Global Growth Down? [Short answer: YES! The HFT churn
and earn is parasitic, benefits the frauds on wall street only, and
ultimately must ‘come from some real place’ (ie., main street, taxpayers,
etc.)] The
Greco-Franco Bank Run Has Skipped the Pond, Landed in NY/Chicago and Nobody
Noticed, Exactly As I Predicted! Reggie Middleton 11/01/2011 ‘We just
experienced a bank run in the US that I have been warning of for months on
end. A bank run that resulted in this country's 8th largest bankruptcy,,,
ever - and nobody even noticed.’ , How
US Banks Are Lying About Their European Exposure; Or How Bilateral Netting
Ends With A Bang, Not A Whimper Tyler Durden , Keeping
Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of
Client Money Durden , US
construction spending +0.2% in Sep, below market expectations of +0.3%, vs
1.6% Aug. Nov 1st, 2011 , US
ISM fell to 50.8 in Oct, below market expectations of 52.0, vs 51.6 in Sep.
Nov 1st, 2011 Guest
Post: Fed Trapped By Inflation Durden ,
Keeping
Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of
Client Money Durden, US
Food Stamp Usage Hits New Record Durden ,
The
Coming Derivatives Crisis That Could Destroy The Entire Global Financial
System The Economic Collapse , The
REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have
$200 TRILLION in interest rate based derivatives sitting on their balance
sheets. And guess which banks have the greatest exposure…’ ; and,
finally the coup de gras , America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’, Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR Mf global, plus mob infested jersey former
governor, plus fraudulent wall street, plus mob strong new york, plus rich
mob history Chicago, equals fraudulent scheme / theft / scam in the making
and then reality! Someone
Is Going To Jail For This: MF Global Caught Stealing Hundreds Of Millions
From Customers? Tyler
Durden 10/31/2011 , Graham
Summers’ Weekly Market Forecast (Wake Up Call Edition) Phoenix Capital... 10/31/2011 The markets flew
into this deal based on rumors and short-covering and are now waking up to
the plain obvious facts that you cannot solve a debt problem with more debt.
, Panic
Behind The MF Scenes As Company Refuses To Disclose Information To Regulators
Even In DeathTyler
Durden 10/31/2011 , Are
Investors Buying on False Hope?
Minyanville , Markets
Remain in Cyclical Bear Market
Kevin Tuttle [ Actually this is
a secular bear market with much worse to come! ] , U.S.
and Europe … “Self-Induced Stagnation,” says Economist Editor The Daily Ticker , Why Last Week's
Euro Fix Won't Do the Trick ETFguide
Maierhofer , Corzine's MF Global collapses under euro zone bets , Are
Ratings Agencies Taking Bribes?Wall
St. Cheat Sheet [ One way or another, from all 3 branches of u.s. government
to u.s. businesses coast to coast, wall street to main street, they’re all
getting / taking bribes! ] , SPX and NDX Update: A Disturbing Look at Fundamentals, and the
Rally Explained Jason
Haver Oct 31, 2011 , China Says Not So Fast On Rescue http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001 , MF Global Caught in Death Spiral , Sell
H-P! Against the Grain 10/31/11
, Europe
Will Make Lehman Look Like a Joke
http://gainspainscapital.com/?p=1010 Summers 10-28-11 , Be
Honest – The European Debt Deal Was Really A Greek Debt Default Posted by
: ilene
Post date: 10/28/2011 - 2012 looks like it is going to be an extremely
painful year. [ Yes! Very painful! I believe Dave was the first ‘to get this’
in passing yesterday; and, thinking on it more, I believe this charade
cheered particularly by the frauds on wall street (and surprisingly germany)
was for the purpose of ‘voluntary’ to avoid the Credit Default Swap trigger.
Yet, the real bad news is that, even worse than as with the last financial
debacle, owing to the greed-driven, commission/fee generating churn and earn
of innumerable, bogus, worthless, levered, negatively valued on event
financial instruments at computerized lightning speed, the
commission-generating paper is beyond the frauds’ abilities to account for;
and not just the CDS’s ( ETFs
have potential to become the next toxic scandal Sep 19th, 2011 News (The Telegraph) Financial
Stability Board (FSB), an international super-regulator, wrote a prescient if
less than catchily-titled paper “Potential financial stability issues arising
from recent trends in Exchange Traded Funds (ETFs)”..warning – ETFs are not
the cheap and transparent vehicles the marketers would have us believe ..no
one who read the FSB report was surprised to see the words ETF and rogue
trader in the same sentence… half of the ETFs in Europe today do not match
the index they are designed to track by holding all of its constituent
shares.. Derivative trades add a second layer of uncertainty .. the
counterparty risk that the organisation on the other side of the contract
might go bust. Even worse, the
provider of the ETF might sometimes be a part of the same organisation as the
derivatives desk carrying out the swap…For reasons which I’m
not sure I could explain even if I had the space, it is possible for the number of shares sold short
in an ETF to massively exceed the actual number of shares available.’). Not only is it that The
Greek Deal Accomplishes Nothing… Systemic Risk is Coming http://gainspainscapital.com
October 27th, 2011 (Yes! It’s happened again. No … not just the
(Weimar) funny money and rally as in the great depression followed by the
inevitable bust /crash Parallels to
The Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011), but
The
Coming Derivatives Crisis That Could Destroy The Entire Global Financial
System The Economic Collapse , The
REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have
$200 TRILLION in interest rate based derivatives sitting on their balance
sheets. And guess which banks have the greatest exposure…’ ; and,
finally the coup de gras , America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’, Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR , Dave’s
Daily http://www.etfdigest.com/davesdaily ‘The only thing wrong with the image above
is that it’s from March 2010, or on one of many previous plans agreed upon.
But, markets don’t care about this and just thirst for any deal even if
memories remain short.. HFT algos are programmed to pounce on these presumed
fixes and have been active in driving stock prices higher this past week.
Let’s face it; this is the time of year bulls can make their year with good
fees and bonuses on the line…’ , Dave’s
Daily: http://www.etfdigest.com ‘The above image displays quotes per second coming from HFT (High
Frequency Trading) systems http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg . The two graphs display action towards
the close of trading Friday. The upper graph shows action of “algos” per
second while the bottom the number of HFT quotes per second over a three
minute time period with colors for each exchange. The lower graph displayed
nearly 300 quotes per second—got that? Perhaps only a small fraction of these
are real trades with the others being just bids and offers designed to
stimulate program trading algorithms. This is posted because nearly 70% of
all volume and trades on the NYSE for example are program trades with HFTs
now dominant. ‘ Then
there’s the reality / folly that the mental case with the funny / odd little
mustache has been displaced by another ubiquitous fraud of collectively the
‘multiple mental cases modern day equivalent variety’; viz., the bourse, bourses,
‘boursers’, stock exchanges, ‘market fraudsters’(wall street particularly),
and their lightning fast, high frequency trading computers(‘ programs). After
all, the already undercapitalized banks are now 50% more undercapitalized
(those Yule Brynner hair cuts are a b**ch); there’s good money after bad; and
square pegs are, for the nonce, ‘fitting’ into round holes. Nothing’s been
solved and there’s much worse to come! Take this as the ‘gift’ (to stock
markets everywhere, ultimately paid for by main streets and taxpayers
everywhere) [Market
Now Overbought: Birinyi The Wall
Street Journal ] it was meant to be and sell, take profits,
since this ‘microcosm of the crisis’ was never the real reason for lower
markets but merely at best a symptom of [ at worst a scapegoat for ] these
great depression-era times, the worst of which will be seen. It’s coming!
Funny money will just exacerbate the inevitable! This may sound like a
platitude; but, fundamentals and reality still count! STOCKS
TANK BEFORE EU MEETING THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To
Know Business Insider [ No …this is
not quite correct … the point being there’s nothing they can do to make it
(other than the meeting in and of
itself as ‘a much ballyhooed
meeting’) succeed! Graham
Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition) Submitted by Phoenix
Capital Research 10/24/11 ‘…So if you have not already taken steps
to prepare for systemic failure, you NEED to do so NOW. We're literally at
most a few months, and very likely just a few weeks from Europe's banks
imploding …’, America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’ , Four
Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix Capital 10/20/2011Four Facts that
PROVE the EFSF Doesn’t Matter… At All
- ‘.. And those investors who
get suckered into betting this mess will work out well are very likely going
to lose everything. The impact of the fallout from this will make 2008 look
like a joke. The EU is the largest economy in the world. So if its banking
system collapses (and it will) we’re facing a full-scale Global financial
meltdown (the IMF has even warned of this)…’ , The
Coming Derivatives Crisis That Could Destroy The Entire Global Financial
System The Economic Collapse , The
REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have
$200 TRILLION in interest rate based derivatives sitting on their balance
sheets. And guess which banks have the greatest exposure…’ , Parallels to
The Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011
Investors'
Number One Worry: Europe Posed to Bring Down Global Economy Minyanville
[ Riiiiight! Europe following the ‘american way’ of ‘insurmountable debt, funny money and wall
street fraud, and throw in a destructive, wasteful war or two or three’ is ‘ the one’ … to reiterate: America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211
trillion’ ], Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal
T3Live.com Oct 24,
2011 ‘Now may be a good time to take some profits after a strong October run
in the market…’, 10 Reasons
The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen , United
States tipped to lose another AAA credit rating Reuters | Either from
Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ]
, Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR
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 economy 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 (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 Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Years BUFFET: 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 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy 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 (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 Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Years BUFFET: 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!
Tiny Tim says dollar assets
safe...
Laughter from audience...
Why The Chinese Laughed At
Geithner Paul
Craig Roberts | The red ink that Washington is generating is
a far greater threat to Americans than any foreign
“enemies.”
(6-3) ONLY MODEST LOSSES RELATIVE TO
REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY INTO THE CLOSE TO KEEP
SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS (
ie., mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more
money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the
Cliff … Bernanke warns on deficits as
Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative AND BULL
S**T ALONE (ie., $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL
COULD REACH $90... ----- , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-2) SUCKERS’ RALLY CONTINUES TO KEEP
SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS The Big Collapse Is Very Near U.S. auto sales drop, but rays of
stability seen
Economic crisis boosts distrust of business:
watchdog Dollar Declines as Nations Mull Reserve Currency
Alternative Grand
Theft Auto: How Stevie the Rat bankrupted GM Gold, Silver Climb as Dollar Falls Home
foreclosure sales up, no profit discount car sales better than
expected
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The
markets, measured by the S&P500 (S&P500 Charts) and DIJA (DJIA Charts), may have recovered to new highs in 2007,
but the DOW:Gold ratio told a different, truer story of just how unhealthy
the US economy was…
BEWARE OF THE SUCKER'S RALLY? ‘…Most recently, the
S&P 500 soared 24 per cent over seven weeks ending in early January, only
to plunge to a new low. It was a fairly typical sucker’s rally and bear
markets often need more than one to create sufficient disillusionment for a
definitive bottom. The 2000–2002 bear market had three, with average
gains of 21 per cent in the Dow Jones Industrials over 45 days. The
granddaddy of all bear markets, 1929 –1932, had six false alarms with an
average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by
at least a third four times in its first four years with 10 more false dawns
since then. Bear markets typically end with a whimper rather than a bang,
casting doubt on the latest recovery according to Hussman Econometrics, which
analysed numerous US market bottoms and bear market rallies. With the
exception of the 1987 crash, the month before the lowest point of a downturn
saw a gradual descent. By contrast, bear market rallies were preceded by
steeper declines and had sharper rebounds. Another characteristic of bear
market rallies has been modest volume on the rebound compared to the decline.
The current recovery fits the pattern of bear market rallies in terms of
volume and the “V” shape of the trough. Analysts at Bespoke Investment Group
noted that there have been only seven other periods in the past 110 years
with rallies of similar magnitude for the Dow. Three preceded the Great
Depression, three came during the Depression and one in 1982…’
New record for
continuing unemployment claims and as with all government data, adp data,
etc., is fudged to whatever way necessary to help froth the market. Short-covering
explaining part of what remains of this continuing suckers’ bear market rally
and as admonished by analyst at Farr Miller is a bull trap. How about plain
old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do
not see the economy at bottom just yet, so in some respects I will keep
repeating myself until either other people wake up to this reality or
something changes to wake me up. The
markets were down a bit yesterday and, according to Bloomberg, they were down
due to fears of the stress test results. I don't fear them; I fear what they
hide. I fear that a reported 10 out of 19 banks failed when the tests were
not at all stringent enough. I fear that the government will soft-pedal the
results to make them bad enough to have a tad of credibility but not so bad
that people run for the exits. Don't buy my word for it, others are saying
the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment
measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards : "Despite one of the biggest
economics and profit collapses in history, US stocks have failed to get cheap
in the same way that they have in Europe or Japan. My concern is that the US equity bear market has
not yet fully played out. "The current pop in the market
is not dissimilar to the many bear market rallies between 1929-1933, where
signs of economic stabilisation were met with 25% plus rallies... This
optimism was subsequently crushed." Charles Allmon … He still thinks the stock market
could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could
cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through Wall Street sags on oil; S&P ends
worst week in 2 months Following Chrysler, GM slashing U.S.
dealers SEC lawyers probed for insider trading
GM, Chrysler to drop 1,900 dealers by
end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US
dollar’ as world’s reserve currency Former Treasury Official who
Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth
Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail
Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4
trillion you’ve never heard of Home
Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after
negotiations: sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
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 by Peter 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
by Peter 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 end US foreclosures up 24 percent in 1st
quarter Jim 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 Coverup WHAT 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 tests New 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
by Peter 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'
China calls for new global currency (AP)
Why Goldman Sachs Should Return Its
TARP Money (at Seeking Alpha) Marc Faber: 'It Will All End in
Disaster' Congresswoman presses Geithner
on connections to Goldman Sachs Gerald Celente Predicts Economic
Armageddon by 2012 Geithner Plan Will Rob US
Taxpayers: Stiglitz
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: Analyst U.S. Budget Office offers darker economic and
deficit outlook The 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. By Richard 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 surges
Frank 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 double Jim 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 time
Tracking Two Depressions, 1929 and
now this 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 (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 Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Years BUFFET: 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 economy 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 (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 Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Years BUFFET: 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 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy 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 (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 Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Years BUFFET: 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 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy 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 (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 Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Years BUFFET: 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 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy 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 (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 Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Years BUFFET: 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 Years BUFFET: 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%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Years BUFFET: 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 6-24-09, SECULAR BEAR
MARKET SUCKERS RALLY CONTINUES FOR MIXED CLOSE 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...
, 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%; foreclosure sales up 2.4%, prices down 17%
year over year, 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 Years BUFFET: 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 6-23-09, SECULAR BEAR
MARKET SUCKERS RALLY INTACT 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., U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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., 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 , 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 6-22-09, ONLY MODEST
LOSSES RELATIVE TO REALITY IN THIS SECULAR BEAR MARKET TO KEEP SUCKERS
SUCKERED AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON
CONTINUED BAD NEWS ( ie., Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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., 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 Years [$$] Market Suffers Some Technical
Damage ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 6-19-09, SECULAR BEAR MARKET
PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED STILL IN
DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING
BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down 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., 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, 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 6-18-09, SECULAR BEAR
MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED
STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS
FLOWING BASED ON CONTINUED BAD NEWS (
ie., U.S. regulators close their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down 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., 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. , 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 6-18-09, MORE TALK OF
NEW REGULATORY SCHEME WHEN PROSECUTION AND DISGORGEMENT WOULD REALLY BLUNT
INCENTIVE FOR WALL STREET FRAUDS PROSPECTIVELY, SECULAR BEAR MARKET
PROGRAMMED SUCKERS RALLY ON LEADING INDICATORS UP FAR MORE THAN
EXPECTED … BULL S**T …BASED IN LARGE PART ON INFLATED STOCK PRICE COMPONENT …
MORE BULL S**T … AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP
SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., 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., 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 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 6-17-09,
SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END
MIXED IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS
FLOWING BASED ON CONTINUED BAD NEWS (
ie., 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 Markets See a Breakdown in Technical Support Levels
Roubini: USA
sees double-dip recession... Dollar drops on reserve currency
doubts China sells
US bonds to ’show concern’ BRICs May Buy Each Other’s Bonds
in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency
Issue at BRIC International Demand for Worthless
U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs!
America's AAA
downgrade danger... Treasury faces
pressure on price of TARP exit A depression so deep even teen shoppers scrimp
US cities may have to be
bulldozed in order to survive 1st quarter wiped out $1.3 trillion for
Americans
Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says economy weak, but sees signs
the slide increasing Mounting deficits spark jitters about
U.S. economy
Wall Street falls as realities dent recovery hopes
Bonds fall on worries about
government's debt load (AP) Oil prices strike new high for 2009 (AP)
The depression quietly deepens CHINA AIRS
FEARS ON DOLLAR, DEBT... Oil hits
7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds
Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim Rogers CNBC - Jun 4th, 2009 -
Currency Crisis Ahead U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now China explores buying $50bn in
IMF bonds US retailers report May sales declines Tiny Tim
says dollar assets safe... Laughter
from audience... Why The Chinese Laughed At
Geithner -----
mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more
money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the
Cliff … Bernanke warns on deficits as
Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil
coming this year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., 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 Venture Capital Bubble Set to Burst,
Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan
Federal Reserve Foolishly To Be Given Sweeping New Powers Yen Strengthens Most in Month as
Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former top exec plundered
retirement plan [video] The Too-Big-to-Fail Problem [6.8 min] (at
MarketWatch) [$$] Too Big to Solve? (at The Wall Street Journal
Online) Buy and Hold Is Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in jobless claims to a very high
even if believed 601,000 yielding record continuing claims of 6.8 million
fuel hope…if you’re a dope Lawmakers blast Fed, Treasury for BofA
"threats" Oil climbs over $73 on hopes for rising demand
U.S. Household Worth Fell by
$1.3 Trillion in First Quarter Predictions of $250 a barrel on
oil ECB Fears Reality of Banking
Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear
Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP)
Brazil in recession, recovery unlikely this year
What a “Jobless Recovery” Really
Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys
Obama Tells American Businesses
to Drop Dead America’s Fed Addiction “87 Percent of [Chinese]
Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking
Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP)
CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President of the Federal Reserve
Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now Benefit spending soars to new
high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL
COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 6-16-09, SECULAR BEAR
MARKET AND ONLY MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED
AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., analysts
concur in significant 5-15% 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 ----- mortgage apps. down,
service sector job losses/factory orders worse than expected, new record
continuing unemployment claims, bernanke spend more money you don’t have but
cut debilitating deficit…riiiiight…sounds like a plan with more job losses to
come, etc, 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., 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. 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 6-15-09, SECULAR BEAR
MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO FINISH WELL OFF THE LOWS
WITH MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND
COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., 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., 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., 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 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 6-11,12-09, 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!
] , 300 - 1,000+ % SWING TO THE UPSIDE INTO THE CLOSE IN THIS SECULAR
BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS SUCKERED AND COMMISSION
DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., 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 Treasury faces
pressure on price of TARP exit A depression so deep even teen shoppers scrimp
US cities may have to be
bulldozed in order to survive 1st quarter wiped out $1.3 trillion for
Americans
Get Ready for Inflation and Higher
Interest Rates
Oil prices near $73 as energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says economy weak, but sees signs
the slide increasing Mounting deficits spark jitters about
U.S. economy
Wall Street falls as realities dent recovery hopes
Bonds fall on worries about
government's debt load (AP) Oil prices strike new high for 2009 (AP)
The depression quietly deepens CHINA AIRS
FEARS ON DOLLAR, DEBT... Oil hits
7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds
Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim Rogers CNBC - Jun 4th, 2009 -
Currency Crisis Ahead U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now China explores buying $50bn in
IMF bonds US retailers report May sales declines Tiny Tim
says dollar assets safe... Laughter
from audience... Why The Chinese Laughed At Geithner
----- mortgage apps.
down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the
Cliff … Bernanke warns on deficits as
Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil
coming this year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., 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 Venture Capital Bubble Set to Burst,
Kedrosky Says Buy and Hold Is Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in jobless claims to a very high
even if believed 601,000 yielding record continuing claims of 6.8 million
fuel hope…if you’re a dope Lawmakers blast Fed, Treasury for BofA
"threats" Oil climbs over $73 on hopes for rising demand
U.S. Household Worth Fell by $1.3
Trillion in First Quarter Predictions of $250 a barrel on
oil ECB Fears Reality of Banking
Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear
Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP)
Brazil in recession, recovery unlikely this year
What a “Jobless Recovery” Really
Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys
Obama Tells American Businesses
to Drop Dead America’s Fed Addiction “87 Percent of [Chinese]
Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking
Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP)
CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President of the Federal Reserve
Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now Benefit spending soars to new
high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL
COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 6-10-09, MODEST LOSSES WITH SECULAR BEAR MARKET
PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED AND
COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., 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 Fed Would Be Shut Down If It Were
Audited Fed says economy weak, but sees signs
the slide increasing Mounting deficits spark jitters about
U.S. economy
Wall Street falls as realities dent recovery hopes
Bonds fall on worries about
government's debt load (AP) Oil prices strike new high for 2009 (AP)
The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds
Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim Rogers CNBC - Jun 4th, 2009 -
Currency Crisis Ahead U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now China explores buying $50bn in
IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At
Geithner -----
mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more
money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the
Cliff … Bernanke warns on deficits as
Treasury rates rise ----- GOV'T
OWES RECORD $63.8 TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will now own 72.5% of 'New GM'... Roubini:
U.S. economy to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil
coming this year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., 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 Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear
Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP)
Brazil in recession, recovery unlikely this year
What a “Jobless Recovery” Really
Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys
Obama Tells American Businesses
to Drop Dead America’s Fed Addiction “87 Percent of [Chinese]
Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking
Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop
Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP)
CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President of the Federal Reserve
Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now Benefit spending soars to new
high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit
discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 6-8,9-09,
INFLATIONARY DEPRESSION IS THE CALL EVEN AS SECULAR BEAR MARKET PROGRAMMED
SUCKERS RALLY CONTINUES TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS
FLOWING BASED ON CONTINUED BAD NEWS (
ie., 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 The depression quietly deepens CHINA AIRS
FEARS ON DOLLAR, DEBT... Oil hits
7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds
Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim Rogers CNBC - Jun 4th, 2009 -
Currency Crisis Ahead U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now China explores buying $50bn in
IMF bonds US retailers report May sales declines Tiny Tim
says dollar assets safe... Laughter
from audience... Why The Chinese Laughed At Geithner
----- mortgage apps.
down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the
Cliff … Bernanke warns on deficits as
Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil
coming this year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., 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 Congress subpoenas the Fed ...
Finally! (AP)
Brazil in recession, recovery unlikely this year
What a “Jobless Recovery” Really
Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys
Obama Tells American Businesses
to Drop Dead America’s Fed Addiction “87 Percent of [Chinese]
Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking
Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP)
CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President of the Federal Reserve
Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now Benefit spending soars to new
high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL
COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 6-5-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS
RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds
Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim Rogers CNBC - Jun 4th, 2009 -
Currency Crisis Ahead U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now China explores buying $50bn in
IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At
Geithner -----
mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more
money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the
Cliff … Bernanke warns on deficits as
Treasury rates rise ----- GOV'T
OWES RECORD $63.8 TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative
Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will now own 72.5% of 'New GM'... Roubini:
U.S. economy to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil
coming this year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP)
CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President of the Federal Reserve
Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now Benefit spending soars to new
high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 6-5-09, FAKE
GOVERNMENT JOBS REPORT FUELS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP
SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS (
ie., Fake government job loss report near 40% better than private forecasts…I
don’t think so!…9.4% unemployment rate…try well over 10% and with stopped
looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 -
Currency Crisis Ahead U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now China explores buying $50bn in
IMF bonds US retailers report May sales declines Tiny Tim
says dollar assets safe... Laughter
from audience... Why The Chinese Laughed At
Geithner -----
mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more
money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff
… Bernanke warns on deficits as
Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil
coming this year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., government
reports better than private estimates…riiiiight! President of the Federal Reserve
Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but
job losses slow if you foolishly believe fake government reports near 40%
better than private estimates - I don’t think so! …now Benefit spending soars to new
high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL
COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 6-4-09,
SHORT-COVERING/SUCKERS RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD
NEWS ( ie., US retailers report May sales declines Tiny Tim
says dollar assets safe... Laughter
from audience... Why The Chinese Laughed At
Geithner -----
mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more
money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the
Cliff … Bernanke warns on deficits as
Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil
coming this year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., government
reports slightly better than private estimates…riiiiight! Benefit spending soars to new
high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL
COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 6-3-09, ONLY MODEST
LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY INTO
THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps.
down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery
Worse-than-expected economic data
thwarts rally Jobless rates in U.S. cities zoom higher in April
Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the
Cliff … Bernanke warns on deficits as
Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil
coming this year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful
thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL
COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock
bubble issues
Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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!
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.”
PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW DOLLAR (RIIIIIGHT!) RALLY INTO
THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS (
ie., GOV'T
OWES RECORD $63.8 TRILLION... Dollar Falls Most In A Month Since
1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will now own 72.5% of 'New GM'... Roubini:
U.S. economy to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this
year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring About
Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 5-29-09, PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW
DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON
BAD NEWS ( ie., GOV'T
OWES RECORD $63.8 TRILLION... Dollar Falls Most In A Month
Since 1985
Leap in U.S. debt hits taxpayers
with 12% more red ink Gold jumps above $970/oz as
dollar weakens
Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will now own 72.5% of 'New GM'... Roubini:
U.S. economy to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this
year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., Market Manipulation/Fraud: How
Financial Markets Really Work Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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 5-28-09, SUCKERS’
RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS ( ie., Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault
on the middle class Government will now own 72.5% of 'New GM'... Roubini:
U.S. economy to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this
year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro ,
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., Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
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! Foreclosure woes mount for those with
good credit
Fed Finds a Way to Use Stress Tests to Screw Bank
Shareholders One More Time (at Seeking Alpha)
Time Warner to spin off AOL, ending ill-fated deal
[$$] Listen, But Don't Get Suckered Faber:
Inflation to 'Approach Zimbabwe Level'... U.S. Weighs Single Agency to
Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and
Disgorgement in this Huge Fraud…Why
PREVIOUS 5-27-09, MODEST
LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS ( ie., Double-Dip Depression Marc Faber: “I Am 100% Sure that
the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this
year Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut 2 more, 35 and 36,
failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares
for bankruptcy Job losses up in 44 states as recession drags on
Florida's BankUnited fails, will cost FDIC $4.9B
(AP) Regulators seize 34th bank failure of year
Florida's BankUnited FSB (AP) ,
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., Economist Warns Fed Will Bring
About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at
Fortune)
foreclosure sales up, prices down Treasury
Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for
Chapter 11
US Government to Take Up 70% Stake
in GM FDIC Fund Running Dry Yahoo Finance | As the FDIC has had to step in to
take over more and more insolvent banks, the fund has dwindled to dangerously
low levels. At the same time, the number of problem banks continues to grow
at a rapid pace. IRS tax revenue falls along with
taxpayers’ income USA Today | Federal tax revenue plunged $138
billion, or 34%, in April vs. a year ago — the biggest April drop since 1981.
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends
worst week in 2 months Following Chrysler, GM slashing U.S.
dealers SEC lawyers probed for insider trading
GM, Chrysler to drop 1,900 dealers by
end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US
dollar’ as world’s reserve currency Former Treasury Official who
Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth
Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail
Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4
trillion you’ve never heard of Home
Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after negotiations:
sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-26-09, suckers’
rally to keep suckers suckered based on bad news (
ie., Case-Shillers index shows new record decline in real estate
prices, Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut 2 more, 35 and 36,
failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares
for bankruptcy Job losses up in 44 states as recession drags on
Florida's BankUnited fails, will cost
FDIC $4.9B (AP) Regulators seize 34th bank failure of year
Florida's BankUnited FSB (AP) ,
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., fake consumer
confidence reading 30+% better than private estimate sucker-rallies stocks
, Current
Recession Is Tracking the 1930s Bear Market ,
Another Bottom for Stocks Coming:
Rogers (at CNBC) , The
Sleepwalkers' Rally , Rogers Echoes Warning Of
“Sucker’s Rally” , don’t forget that the suckers rally
stock prices accounted for the very modest but ephemeral uptick in leading
indicators Dallas Federal Reserve: Unfunded
Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars ) , ‘SELL IN MAY AND GO
AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment
Numbers Show We’re Already In a Depression
PREVIOUS 5-22-09, only very
modest losses relative to reality based on bad news (
ie., Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut 2 more, 35 and 36,
failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares
for bankruptcy Job losses up in 44 states as recession drags on
Florida's BankUnited fails, will cost
FDIC $4.9B (AP) Regulators seize 34th bank failure of year
Florida's BankUnited FSB (AP) ,
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 (Current
Recession Is Tracking the 1930s Bear Market ,
Another Bottom for Stocks Coming:
Rogers (at CNBC) , The
Sleepwalkers' Rally , Rogers Echoes Warning Of
“Sucker’s Rally” , don’t forget that the suckers rally
stock prices accounted for the very modest but ephemeral uptick in leading
indicators ) , ‘SELL IN MAY AND GO
AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Regulators shut 2 more, 35 and 36,
failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares
for bankruptcy Job losses up in 44 states as recession drags on
Bill to Audit Fed Wisely Gains
Serious Momentum U.S. to Steer GM Toward Bankruptcy Gold tops $960 for first time in
two months as dollar weakens South Afica gold coin demand hits
all time high
Peter Schiff called “Extremist”
by Time Magazine Geithner Vows to Cut U.S.
Deficit on Rating Concern…riiiiight!…con Gold Poised for Third Weekly
Gain as Dollar Slumps Against Euro SEC lawyers probed for insider trading
GM, Chrysler to drop 1,900 dealers by
end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US
dollar’ as world’s reserve currency Former Treasury Official who
Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth
Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail
Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4
trillion you’ve never heard of Home
Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after
negotiations: sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-21-09, only modest
losses relative to reality as rally into the close keeps suckers suckered
based on bad news ( ie., Russia Rationally Dumps Dollar as
Reserve Currency - Adopts Euro Florida's BankUnited fails, will cost
FDIC $4.9B (AP) Regulators seize 34th bank failure of year
Florida's BankUnited FSB (AP) ,
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 (Current
Recession Is Tracking the 1930s Bear Market ,
Another Bottom for Stocks Coming:
Rogers (at CNBC) , The
Sleepwalkers' Rally , Rogers Echoes Warning Of
“Sucker’s Rally” , don’t forget that the suckers rally
stock prices accounted for the very modest but ephemeral uptick in leading
indicators ) , ‘SELL IN MAY AND GO
AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new
Treasury aid (AP) Dollar
hits '09 low on rating fears; stocks dip (Reuters)
U.K. to Lose AAA Rating at S&P as Finances Weaken
U.S. Stocks Decline on Jobless Claims, greenspan, who
helped create the debacle and should thereby know, Warning Gold May Test $1,200 (5-20) The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect? Rogers Echoes Warning Of
“Sucker’s Rally”
Green Shoots: Too Small, Too Far Apart The
Sleepwalkers' Rally Former head of pension agency takes
the Fifth (AP) Global stocks slip,
dollar tumbles after downbeat Fed Depression hits already defacto bankrupt Social
Security hard Gold purchases up 36% as
investors look to preserve wealth China Gold Reserves May Back Yuan
Internationalization-Report 22 reasons why OBAMA will raise
your taxes Federal
debt is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100%
of GDP. (5-19)
Deficit surges at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit drops, more layoffs
looming Japan logs record GDP drop
Senator: More oversight needed at
insolvent pension agency (AP) Inflating Our Way Out of This Mess? Why
This Won't Work Japan's economy in record plunge
Jim
Rogers: Obama will Devastate the Economy This Economy Ain't Healed Yet (at
Seeking Alpha)
(5-18) Suckers’
rally (The Suckers Rally, Japan Style …high
oil price rally…riiiiight! ) Bilderberg
2009 Attendee List
(revised) Meanwhile: The Bilderbergers are
advancing in Norway [ I realize that jones (who
parenthetically it should be noted, hypocritically censored my comments) et
als really overdoes this group’s (among others) effect on the u.s. , state of
the world, etc.; truth be told, this group like most of the interest/pressure
groups including the masses, in the u.s., etc., are no more than a just a
bunch of f**k-ups/vegetables who like the aforementioned multitudes have
really ‘mucked things up’ (for lack of a more precise yet concise term) on
this planet, probably irrevocably, and like the many home-grown
f**k-ups/vegetables, and in america particularly criminals, jones refuses to
acknowledge as culpable for the many reasons he refuses to see, are but
rather typically incompetent players contributing in there own very special
eccentric, neurotic, sick, venal, corrupt, etc., way to this collective and
cumulative result being this ever deflating (declining) ball of chaos
/confusion /criminality called earth (there are exceptions to the foregoing,
but in america, the same would be 5% or less)
]. Economy limiting services of
local police
Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-20-09, only modest
losses relative to reality based on bad news ( ie., fed
downgrades outlook that previously provided b.s. for suckers’ rally, record
low for new housing starts, etc.) and bull s**t alone
(Current
Recession Is Tracking the 1930s Bear Market ,
Another Bottom for Stocks Coming:
Rogers (at CNBC) , The
Sleepwalkers' Rally , Rogers Echoes Warning Of
“Sucker’s Rally” ) , ‘SELL IN MAY AND GO
AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect? Rogers Echoes Warning Of
“Sucker’s Rally”
Green Shoots: Too Small, Too Far Apart The
Sleepwalkers' Rally Former head of pension agency takes
the Fifth (AP) Global stocks slip,
dollar tumbles after downbeat Fed Depression hits already defacto bankrupt Social
Security hard Gold purchases up 36% as
investors look to preserve wealth China Gold Reserves May Back Yuan
Internationalization-Report 22 reasons why OBAMA will raise
your taxes Federal
debt is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100%
of GDP. (5-19)
Deficit surges at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit drops, more layoffs
looming Japan logs record GDP drop
Senator: More oversight needed at
insolvent pension agency (AP) Inflating Our Way Out of This Mess? Why
This Won't Work Japan's economy in record plunge
Jim
Rogers: Obama will Devastate the Economy This Economy Ain't Healed Yet (at
Seeking Alpha)
(5-18) Suckers’
rally (The Suckers Rally, Japan Style …high
oil price rally…riiiiight! ) Bilderberg
2009 Attendee List
(revised) Meanwhile: The Bilderbergers are
advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really
overdoes this group’s (among others) effect on the u.s. , state of the world,
etc.; truth be told, this group like most of the interest/pressure groups
including the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really
‘mucked things up’ (for lack of a more precise yet concise term) on this
planet, probably irrevocably, and like the many home-grown f**k-ups/vegetables,
and in america particularly criminals, jones refuses to acknowledge as
culpable for the many reasons he refuses to see, are but rather typically
incompetent players contributing in there own very special eccentric,
neurotic, sick, venal, corrupt, etc., way to this collective and cumulative
result being this ever deflating (declining) ball of chaos /confusion
/criminality called earth (there are exceptions to the foregoing, but in
america, the same would be 5% or less) ].
Economy limiting services of
local police
Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary
wise moves American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level
this week Blue
collar males lose more ground; unemployment rate surges past national
average...
PREVIOUS 5-19-09, only modest
losses relative to reality based on bad news ( ie., record
low for new housing starts, etc.) and bull s**t alone
(Current
Recession Is Tracking the 1930s Bear Market ,
Another Bottom for Stocks Coming:
Rogers (at CNBC) ) , ‘SELL IN MAY AND GO
AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Deficit surges at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit drops, more layoffs
looming Japan logs record GDP drop
Senator: More oversight needed at
insolvent pension agency (AP) Inflating Our Way Out of This Mess? Why
This Won't Work Japan's economy in record plunge
Jim
Rogers: Obama will Devastate the Economy This Economy Ain't Healed Yet (at
Seeking Alpha)
(5-18) Suckers’
rally (The Suckers Rally, Japan Style …high
oil price rally…riiiiight! ) Bilderberg
2009 Attendee List
(revised) Meanwhile: The Bilderbergers are
advancing in Norway [ I realize that jones (who
parenthetically it should be noted, hypocritically censored my comments) et
als really overdoes this group’s (among others) effect on the u.s. , state of
the world, etc.; truth be told, this group like most of the interest/pressure
groups including the masses, in the u.s., etc., are no more than a just a
bunch of f**k-ups/vegetables who like the aforementioned multitudes have
really ‘mucked things up’ (for lack of a more precise yet concise term) on
this planet, probably irrevocably, and like the many home-grown f**k-ups/vegetables,
and in america particularly criminals, jones refuses to acknowledge as
culpable for the many reasons he refuses to see, are but rather typically
incompetent players contributing in there own very special eccentric,
neurotic, sick, venal, corrupt, etc., way to this collective and cumulative
result being this ever deflating (declining) ball of chaos /confusion
/criminality called earth (there are exceptions to the foregoing, but in
america, the same would be 5% or less) ].
Economy limiting services of
local police
Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary
wise moves American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level
this week New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-18-09, suckers’ rally (The Suckers Rally, Japan Style …high
oil price rally…riiiiight! ) accelerates into the close based on bad
news and bull s**t alone (Current
Recession Is Tracking the 1930s Bear Market ) , ‘SELL IN MAY AND GO
AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Bilderberg
2009 Attendee List
(revised) Meanwhile: The Bilderbergers are
advancing in Norway [ I realize that jones (who parenthetically it should be
noted, hypocritically censored my comments) et als really overdoes this
group’s (among others) effect on the u.s. , state of the world, etc.; truth
be told, this group like most of the interest/pressure groups including the
masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really
‘mucked things up’ (for lack of a more precise yet concise term) on this
planet, probably irrevocably, and like the many home-grown f**k-ups/vegetables,
and in america particularly criminals, jones refuses to acknowledge as
culpable for the many reasons he refuses to see, are but rather typically
incompetent players contributing in there own very special eccentric,
neurotic, sick, venal, corrupt, etc., way to this collective and cumulative
result being this ever deflating (declining) ball of chaos /confusion
/criminality called earth (there are exceptions to the foregoing, but in
america, the same would be 5% or less) ].
Economy limiting services of
local police
Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary
wise moves Gold likely to test $950 level
this week Blue
collar males lose more ground; unemployment rate surges past national
average... (5-15)Highest credit
card default rates in 26 years at 10+%, the
real economy in terms of unemployment, income, and debt far worse than their
rosy ‘green shoots’ scenario to help froth the market. Wall Street sags on oil; S&P ends
worst week in 2 months Following Chrysler, GM slashing U.S. dealers
“The Worst Is Yet to Come” Yahoo Finance | “If the consumer isn’t petrified, he
or she is a damn fool.” (5-14)All news worse than expected, ie.,
weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal
Reserve Bob Chapman | A manmade disaster created by the Federal
Reserve, banking and Wall Street, and these are the same corrupt group who
our government has chosen to rectify the problem. The Economy Will Not Recover Until
The Perpetrators Of Our Crises Are Held Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about this rally,
reveals analyst Guy Adami. Wall Street sags on oil; S&P ends
worst week in 2 months Following Chrysler, GM slashing U.S.
dealers SEC lawyers probed for insider trading
GM, Chrysler to drop 1,900 dealers by
end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US
dollar’ as world’s reserve currency Former Treasury Official who
Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth
Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail
Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4
trillion you’ve never heard of Home
Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after
negotiations: sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold before
recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-15-09, only
modest losses relative to reality as this suckers’ rally has been based on
bad news and bull s**t alone, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! Highest credit card default rates in 26 years at 10+%, the
real economy in terms of unemployment, income, and debt far worse than their
rosy ‘green shoots’ scenario to help froth the market. Wall Street sags on oil; S&P ends
worst week in 2 months Following Chrysler, GM slashing U.S. dealers
“The Worst Is Yet to Come” Yahoo Finance | “If the consumer isn’t petrified, he
or she is a damn fool.” (5-14)All news worse than expected, ie.,
weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal
Reserve Bob Chapman | A manmade disaster created by the Federal
Reserve, banking and Wall Street, and these are the same corrupt group who
our government has chosen to rectify the problem. The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy
Kessler said in no uncertain terms, “this sure smells to me a suckers rally,”
largely because “there aren't sustainable, fundamental reasons for the
market's continued rise.” I’m skeptical about this
rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to cut up to 3,000
dealers: sources (Reuters) U.S. Foreclosure Filings Hit
Record for Second Straight Month Is Anyone Minding the Store at
the Federal Reserve? Unemployment up to 8.9%, The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable , etc.. America is broke. How
broke? NSN Money | Government obligations for Social Security and Medicare may soon
exceed the combined net worth of every household and nonprofit organization
in the country. "You have to balance hope with reality," says
Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler
tells Andrew O'Day "this is a good example of a year where you probably
have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends
worst week in 2 months Following Chrysler, GM slashing U.S.
dealers SEC lawyers probed for insider trading
GM, Chrysler to drop 1,900 dealers by
end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US
dollar’ as world’s reserve currency Former Treasury Official who
Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth
Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail
Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4
trillion you’ve never heard of Home
Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after
negotiations: sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-14-09, suckers’
rally has been based on bad news and bull s**t alone, ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME! Highest credit card default rates
in 26 years at 10+%, the
real economy in terms of unemployment, income, and debt far worse than their
rosy ‘green shoots’ scenario to help froth the market. Wall Street sags on oil; S&P ends
worst week in 2 months Following Chrysler, GM slashing U.S. dealers
“The Worst Is Yet to Come” Yahoo Finance | “If the consumer isn’t petrified, he
or she is a damn fool.” (5-14)All news worse than expected, ie., weekly job losses higher
than expected 637,000, wholesale inflation rate .3%, BEAR ALARM US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal
Reserve Bob Chapman | A manmade disaster created by the Federal
Reserve, banking and Wall Street, and these are the same corrupt group who
our government has chosen to rectify the problem. The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy
Kessler said in no uncertain terms, “this sure smells to me a suckers rally,”
largely because “there aren't sustainable, fundamental reasons for the
market's continued rise.” I’m skeptical about this
rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to cut up to 3,000
dealers: sources (Reuters) U.S. Foreclosure Filings Hit
Record for Second Straight Month Is Anyone Minding the Store at
the Federal Reserve? Unemployment up to 8.9%, The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable , etc.. America is broke. How
broke? NSN Money | Government obligations for Social Security and Medicare may soon
exceed the combined net worth of every household and nonprofit organization
in the country Oil jumps above $60 on weak US
currency U.S. Trade Deficit Widens First
Time in Eight Months U.S. Federal Deficit to Worsen
due to Dismal Economic Projections Median home prices fall in 88 percent
of cities
Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4
trillion you’ve never heard of Home
Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after
negotiations: sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-13-09, modest
losses relative to reality, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy
Kessler said in no uncertain terms, “this sure smells to me a suckers rally,”
largely because “there aren't sustainable, fundamental reasons for the
market's continued rise.” I’m skeptical about this
rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to cut up to 3,000
dealers: sources (Reuters) U.S. Foreclosure Filings Hit
Record for Second Straight Month Is Anyone Minding the Store at
the Federal Reserve? Unemployment up to 8.9%, The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable , etc.. America is broke. How
broke? NSN Money | Government obligations for Social Security and Medicare may soon
exceed the combined net worth of every household and nonprofit organization
in the country. Everyone is familiar with the old saying, "what
goes up must come down." Certainly the stock market has mounted a
serious challenge to this old saying since bouncing off its lows in March and
continues to defy gravity…In the face of unrelenting bad news, the market has
been climbing because the news is "less bad," Gentle Ben and his
Merry Band of Feds see "green shoots" and the financial press
continues an unrelenting mantra of "recovery lies just ahead." It
seems like the markets will never stop climbing, but they will, because
contrary to what you hear on CNBC and read in the financial press, the laws
of gravity have not been repealed and it's still true that "what goes
up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The
markets, measured by the S&P500 (S&P500 Charts) and DIJA (DJIA Charts), may have recovered to new highs in 2007,
but the DOW:Gold ratio told a different, truer story of just how unhealthy
the US economy was…
Oil jumps above $60 on weak US
currency U.S. Trade Deficit Widens First
Time in Eight Months U.S. Federal Deficit to Worsen
due to Dismal Economic Projections Median home prices fall in 88 percent
of cities
Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4
trillion you’ve never heard of Home
Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after
negotiations: sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-12-09, It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy
Kessler said in no uncertain terms, “this sure smells to me a suckers rally,”
largely because “there aren't sustainable, fundamental reasons for the
market's continued rise.” I’m skeptical about this
rally, reveals analyst Guy Adami. ‘SELL IN
MAY AND GO AWAY’ so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME! Unemployment up to 8.9%, The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable , etc.. Everyone is familiar with the old saying, "what
goes up must come down." Certainly the stock market has mounted a
serious challenge to this old saying since bouncing off its lows in March and
continues to defy gravity…In the face of unrelenting bad news, the market has
been climbing because the news is "less bad," Gentle Ben and his
Merry Band of Feds see "green shoots" and the financial press
continues an unrelenting mantra of "recovery lies just ahead." It
seems like the markets will never stop climbing, but they will, because
contrary to what you hear on CNBC and read in the financial press, the laws
of gravity have not been repealed and it's still true that "what goes
up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The
markets, measured by the S&P500 (S&P500 Charts) and DIJA (DJIA Charts), may have recovered to new highs in 2007,
but the DOW:Gold ratio told a different, truer story of just how unhealthy
the US economy was…
BEWARE OF THE SUCKER'S RALLY? ‘…Most recently, the
S&P 500 soared 24 per cent over seven weeks ending in early January, only
to plunge to a new low. It was a fairly typical sucker’s rally and bear
markets often need more than one to create sufficient disillusionment for a
definitive bottom. The 2000–2002 bear market had three, with average
gains of 21 per cent in the Dow Jones Industrials over 45 days. The
granddaddy of all bear markets, 1929 –1932, had six false alarms with an
average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by
at least a third four times in its first four years with 10 more false dawns
since then. Bear markets typically end with a whimper rather than a bang,
casting doubt on the latest recovery according to Hussman Econometrics, which
analysed numerous US market bottoms and bear market rallies. With the
exception of the 1987 crash, the month before the lowest point of a downturn
saw a gradual descent. By contrast, bear market rallies were preceded by
steeper declines and had sharper rebounds. Another characteristic of bear
market rallies has been modest volume on the rebound compared to the decline.
The current recovery fits the pattern of bear market rallies in terms of
volume and the “V” shape of the trough. Analysts at Bespoke Investment Group
noted that there have been only seven other periods in the past 110 years
with rallies of similar magnitude for the Dow. Three preceded the Great
Depression, three came during the Depression and one in 1982…’
New record for
continuing unemployment claims and as with all government data, adp data,
etc., is fudged to whatever way necessary to help froth the market.
Short-covering explaining part of what remains of this continuing suckers’
bear market rally and as admonished by analyst at Farr Miller is a bull trap.
How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do
not see the economy at bottom just yet, so in some respects I will keep
repeating myself until either other people wake up to this reality or
something changes to wake me up. The
markets were down a bit yesterday and, according to Bloomberg, they were down
due to fears of the stress test results. I don't fear them; I fear what they
hide. I fear that a reported 10 out of 19 banks failed when the tests were
not at all stringent enough. I fear that the government will soft-pedal the
results to make them bad enough to have a tad of credibility but not so bad
that people run for the exits. Don't buy my word for it, others are saying
the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment
measures showing too much optimism Art Cashin: "This rally is still somewhat
suspect. Albert Edwards : "Despite one of the biggest
economics and profit collapses in history, US stocks have failed to get cheap
in the same way that they have in Europe or Japan. My concern is that the US equity bear market has
not yet fully played out. "The current pop in the market is not
dissimilar to the many bear market rallies between 1929-1933, where signs of
economic stabilisation were met with 25% plus rallies... This optimism was
subsequently crushed." Charles Allmon … He still thinks the stock market
could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could
cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through Oil jumps above $60 on weak US
currency U.S. Trade Deficit Widens First
Time in Eight Months U.S. Federal Deficit to Worsen
due to Dismal Economic Projections Median home prices fall in 88 percent
of cities
Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4
trillion you’ve never heard of Home
Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after
negotiations: sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-11-09, only modest
losses relative to reality, ‘SELL IN MAY AND GO AWAY’ so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Unemployment up to 8.9%, The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable , etc.. Everyone is familiar with the old saying, "what
goes up must come down." Certainly the stock market has mounted a
serious challenge to this old saying since bouncing off its lows in March and
continues to defy gravity…In the face of unrelenting bad news, the market has
been climbing because the news is "less bad," Gentle Ben and his
Merry Band of Feds see "green shoots" and the financial press
continues an unrelenting mantra of "recovery lies just ahead." It
seems like the markets will never stop climbing, but they will, because
contrary to what you hear on CNBC and read in the financial press, the laws
of gravity have not been repealed and it's still true that "what goes
up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since peaking
in late 1999. (Click
charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA Charts), may have recovered to new highs in 2007,
but the DOW:Gold ratio told a different, truer story of just how unhealthy
the US economy was…
BEWARE OF THE SUCKER'S RALLY? ‘…Most recently, the
S&P 500 soared 24 per cent over seven weeks ending in early January, only
to plunge to a new low. It was a fairly typical sucker’s rally and bear
markets often need more than one to create sufficient disillusionment for a
definitive bottom. The 2000–2002 bear market had three, with average
gains of 21 per cent in the Dow Jones Industrials over 45 days. The
granddaddy of all bear markets, 1929 –1932, had six false alarms with an
average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by
at least a third four times in its first four years with 10 more false dawns
since then. Bear markets typically end with a whimper rather than a bang,
casting doubt on the latest recovery according to Hussman Econometrics, which
analysed numerous US market bottoms and bear market rallies. With the
exception of the 1987 crash, the month before the lowest point of a downturn
saw a gradual descent. By contrast, bear market rallies were preceded by
steeper declines and had sharper rebounds. Another characteristic of bear
market rallies has been modest volume on the rebound compared to the decline.
The current recovery fits the pattern of bear market rallies in terms of
volume and the “V” shape of the trough. Analysts at Bespoke Investment Group
noted that there have been only seven other periods in the past 110 years
with rallies of similar magnitude for the Dow. Three preceded the Great
Depression, three came during the Depression and one in 1982…’
New record for
continuing unemployment claims and as with all government data, adp data,
etc., is fudged to whatever way necessary to help froth the market.
Short-covering explaining part of what remains of this continuing suckers’
bear market rally and as admonished by analyst at Farr Miller is a bull trap.
How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do
not see the economy at bottom just yet, so in some respects I will keep
repeating myself until either other people wake up to this reality or
something changes to wake me up. The
markets were down a bit yesterday and, according to Bloomberg, they were down
due to fears of the stress test results. I don't fear them; I fear what they
hide. I fear that a reported 10 out of 19 banks failed when the tests were
not at all stringent enough. I fear that the government will soft-pedal the
results to make them bad enough to have a tad of credibility but not so bad
that people run for the exits. Don't buy my word for it, others are saying
the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment
measures showing too much optimism Art Cashin: "This rally is still somewhat
suspect. Albert Edwards : "Despite one of the biggest
economics and profit collapses in history, US stocks have failed to get cheap
in the same way that they have in Europe or Japan. My concern is that the US equity bear market has
not yet fully played out. "The current pop in the market is not
dissimilar to the many bear market rallies between 1929-1933, where signs of
economic stabilisation were met with 25% plus rallies... This optimism was
subsequently crushed." Charles Allmon … He still thinks the stock market
could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could
cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through A Coming Flood of Equity Issuance, aka
The Dilution Solution Fed cut banks' deficits after
negotiations: sounds like a plan…riiiiight!…report
Buffett's
Berkshire has first loss since 2001 Are stocks a loser's bet?YES!
Deficits soar even with rosy assumptions in new Obama
budget... America is broke. How broke? White House forecasts higher budget
deficit
US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama
budget... STIMULUS WATCH: Early road aid leaves out neediest;
Auditors can't track transportation funds... Gas price jumps to 6-month high...
Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles
…Unfortunately, “fear” lows are only evident in hindsight, because as we saw
in 2008, a deeply oversold market can become spectacularly more oversold
before recovering, and the “fast, furious” spikes off of those lows are often
followed by steep failures.... Fed
Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman
responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is
getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic
problems. New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-8-09, the flaming
full moon and effect on lunatic wall street frauds and bull s**t alone (false
data, not as bad as expected…riiiiight!…, etc.) irrationally exuberantly
rally stocks so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! Unemployment up to 8.9%, US unemployment hits 25-year high China fears bond crisis as it
slams quantitative easing The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable , etc.. BEWARE OF THE SUCKER'S RALLY? ‘…Most recently, the
S&P 500 soared 24 per cent over seven weeks ending in early January, only
to plunge to a new low. It was a fairly typical sucker’s rally and bear
markets often need more than one to create sufficient disillusionment for a
definitive bottom. The 2000–2002 bear market had three, with average
gains of 21 per cent in the Dow Jones Industrials over 45 days. The
granddaddy of all bear markets, 1929 –1932, had six false alarms with an
average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by
at least a third four times in its first four years with 10 more false dawns
since then. Bear markets typically end with a whimper rather than a bang,
casting doubt on the latest recovery according to Hussman Econometrics, which
analysed numerous US market bottoms and bear market rallies. With the exception
of the 1987 crash, the month before the lowest point of a downturn saw a
gradual descent. By contrast, bear market rallies were preceded by steeper
declines and had sharper rebounds. Another characteristic of bear market
rallies has been modest volume on the rebound compared to the decline. The
current recovery fits the pattern of bear market rallies in terms of volume
and the “V” shape of the trough. Analysts at Bespoke Investment Group noted
that there have been only seven other periods in the past 110 years with
rallies of similar magnitude for the Dow. Three preceded the Great
Depression, three came during the Depression and one in 1982…’
New record for
continuing unemployment claims and as with all government data, adp data,
etc., is fudged to whatever way necessary to help froth the market.
Short-covering explaining part of what remains of this continuing suckers’
bear market rally and as admonished by analyst at Farr Miller is a bull trap.
How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do
not see the economy at bottom just yet, so in some respects I will keep
repeating myself until either other people wake up to this reality or
something changes to wake me up. The
markets were down a bit yesterday and, according to Bloomberg, they were down
due to fears of the stress test results. I don't fear them; I fear what they
hide. I fear that a reported 10 out of 19 banks failed when the tests were
not at all stringent enough. I fear that the government will soft-pedal the
results to make them bad enough to have a tad of credibility but not so bad
that people run for the exits. Don't buy my word for it, others are saying
the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment
measures showing too much optimism Art Cashin: "This rally is still somewhat
suspect. Albert Edwards : "Despite one of the biggest
economics and profit collapses in history, US stocks have failed to get cheap
in the same way that they have in Europe or Japan. My concern is that the US equity bear market has
not yet fully played out. "The current pop in the market is not
dissimilar to the many bear market rallies between 1929-1933, where signs of
economic stabilisation were met with 25% plus rallies... This optimism was
subsequently crushed." Charles Allmon … He still thinks the stock market
could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could
cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through [$$] Banks Won Concessions on Tests (at
The Wall Street Journal Online) [$$] Hit by Mortgage Defaults, Fannie
Needs $19 Billion (at The Wall Street Journal Online) [$$] Bank Shares Range-Bound Near Term (at Barron's
Online) AP Sources: Obama wants Fed to be finance
supercop which is one of the dumber things I’ve ever heard (very bushy) since
the fed is the super criminal, capo, godfather, etc., in the criminal
enterprise called american finance/scam the taxpayer/etc., in this fraud of
monumental proportion … the bubble will again pop
Fannie Mae seeks $19B in US aid after
1Q loss Buffett's Berkshire has first loss since 2001
Fed Sees Up to $599 Billion in
Bank Losses Is Rupert Murdoch losing it?
Already past tense; he’s lost it…so…..? EU Calls for “Internet G12″ for Global Internet Governance US unemployment hits 25-year high China fears bond crisis as it
slams quantitative easing The Economy Will Not Recover
Until The Perpetrators Of Our Crises Are Held Accountable New York Fed chairman Friedman
abruptly resigns BEWARE
OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-7-09, yes, there
is a flaming full moon which explains in large part only modest losses
relative to reality by the lunatic frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! New record
for continuing unemployment claims and as with all government data, adp data,
etc., is fudged to whatever way necessary to help froth the market.
Short-covering explaining part of what remains of this continuing suckers’
bear market rally and as admonished by analyst at Farr Miller is a bull trap.
How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do
not see the economy at bottom just yet, so in some respects I will keep
repeating myself until either other people wake up to this reality or
something changes to wake me up. The
markets were down a bit yesterday and, according to Bloomberg, they were down
due to fears of the stress test results. I don't fear them; I fear what they
hide. I fear that a reported 10 out of 19 banks failed when the tests were
not at all stringent enough. I fear that the government will soft-pedal the
results to make them bad enough to have a tad of credibility but not so bad
that people run for the exits. Don't buy my word for it, others are saying
the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment
measures showing too much optimism Art Cashin: "This rally is still somewhat
suspect. Albert Edwards : "Despite one of the biggest
economics and profit collapses in history, US stocks have failed to get cheap
in the same way that they have in Europe or Japan. My concern is that the US equity bear market has
not yet fully played out. "The current pop in the market is not
dissimilar to the many bear market rallies between 1929-1933, where signs of
economic stabilisation were met with 25% plus rallies... This optimism was
subsequently crushed." Charles Allmon … He still thinks the stock market
could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could
cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline "You
have to balance hope with reality," says Doug Sandler, chief equity officer
at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a
good example of a year where you probably have a lot of hope early, then the
reality coming through U.S. banks race to fill $74.6 billion
stress test hole
NY Fed chair resigns amid stock
purchase questions and while they’re at it ask him and tiny tim geithner
about the missing $4 trillion at the N.Y. fed bank among other things
BofA needs $33.9 billion, eyes stock and asset
sales Cyberbullying Bill Not About
Protecting Kids, It is About Shutting Down the Opposition Rupert Murdoch: “Internet Will
Soon Be Over – in his wet dreams along with presidents hillary, rudy, and
mccain – must be ancestral flashbacks to the penal colony days in australia” Taking on the banking cabal Looking Back on the Greatest
Depression 401(k)s Hit by Withdrawal
Freezes Taleb: Global Crisis “Vastly
Worse” Than 1930s, Buy Gold and Copper Dollar Hovering at Cliff’s Edge Group names 25 lenders
responsible for economic meltdown $58: Oil prices jump to new six-month high...
GM posts $6
billion loss for first quarter... Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-6-09, Yes, there
is a full moon which explains inlarge part this ridiculous up move on bad
news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN
SINCE MUCH, MUCH WORSE TO COME! Some short-covering explaining part of
this continuing suckers’ bear market rally, the other as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate
repeating myself, but I do not see the economy at bottom just yet, so in some
respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down
a bit yesterday and, according to Bloomberg, they were down due to fears of
the stress test results. I don't fear them; I fear what they hide. I fear
that a reported 10 out of 19 banks failed when the tests were not at all
stringent enough. I fear that the government will soft-pedal the results to
make them bad enough to have a tad of credibility but not so bad that people
run for the exits. Don't buy my word for it, others are saying the same,
including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment
measures showing too much optimism Art Cashin: "This rally is still somewhat
suspect. Albert Edwards : "Despite one of the biggest
economics and profit collapses in history, US stocks have failed to get cheap
in the same way that they have in Europe or Japan. My concern is that the US equity bear market has
not yet fully played out. "The current pop in the market is not
dissimilar to the many bear market rallies between 1929-1933, where signs of
economic stabilisation were met with 25% plus rallies... This optimism was
subsequently crushed." Charles Allmon … He still thinks the stock market
could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could
cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through BofA, Citi, Wells need capital under
stress tests
NEED BILLIONS AND BILLIONS MORE
Bank stress tests show some banks need more funds
Almost a Quarter of U.S.
Homeowners Are Underwater Banks Need Billions More Globalizing the Internet Hedge Fund Leader Blasts Obama for
“Bullying” and “Abuse of Power” About that “loan”: Obama team
writes off $7 billion taxpayers loaned Chrysler $56: Oil prices jump to new high for year... US
wants Israel, India, Iran to sign NPT Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-5-09, So small were the losses relative to
reality that to try and make sense of same (americans among other investors
must love getting burned by the frauds on wall street who are commissioning
the new bubble like mad and don’t worry since in america today they socialize
their losses and privatize their gains) is but a fool’s errand so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate
repeating myself, but I do not see the economy at bottom just yet, so in some
respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down
a bit yesterday and, according to Bloomberg, they were down due to fears of
the stress test results. I don't fear them; I fear what they hide. I fear
that a reported 10 out of 19 banks failed when the tests were not at all
stringent enough. I fear that the government will soft-pedal the results to
make them bad enough to have a tad of credibility but not so bad that people
run for the exits. Don't buy my word for it, others are saying the same,
including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment
measures showing too much optimism Art Cashin: "This rally is still somewhat
suspect. Albert Edwards : "Despite one of the biggest
economics and profit collapses in history, US stocks have failed to get cheap
in the same way that they have in Europe or Japan. My concern is that the US equity bear market has
not yet fully played out. "The current pop in the market is not
dissimilar to the many bear market rallies between 1929-1933, where signs of
economic stabilisation were met with 25% plus rallies... This optimism was
subsequently crushed." Charles Allmon … He still thinks the stock market
could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could
cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through Bank of America to need $34 billion in
capital: source
Yen rises, stocks
slip on Bank of America needs
Moody's downgrades NYSE Euronext debt (AP)
Auditors see SEC deficiencies
Stress Test Results Seem to Be Changing
Daily (at Seeking Alpha) We Haven't Reached the Bottom Yet About that “loan”: Obama team writes
off $7 billion taxpayers loaned Chrysler US Fed rejects request to help
credit card holders Fed Stress Tests to Show About
10 Banks Need Capital Gold Climbs to One-Week High as
Dollar Declines; Platinum Gains Editorial:
Bleak forecast for EU economies Michigan residents mine bodies for cash; Sellers offer
hair, blood... GM plans 1-for-100 reverse stock split...
The Economic Pain Ain't Over Yet Economic downturn ‘twice as bad as
feared’ NEEDS MORE: House Dems seek $94.2 billion
in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-4-09, so
preposterous was the day’s suckers’ rally that I cannot dignify same with my
own commentary other than to say SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN
SINCE MUCH, MUCH WORSE TO COME! Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment
measures showing too much optimism Art Cashin: "This rally is still somewhat
suspect. Albert Edwards : "Despite one of the biggest
economics and profit collapses in history, US stocks have failed to get cheap
in the same way that they have in Europe or Japan. My concern is that the US equity bear market has
not yet fully played out. "The current pop in the market is not
dissimilar to the many bear market rallies between 1929-1933, where signs of
economic stabilisation were met with 25% plus rallies... This optimism was subsequently
crushed." Charles Allmon … He still thinks the stock market
could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could
cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming Georgia, N.J. and Utah banks fail The Economic Pain Ain't Over Yet Obama says financial sector to shrink (Reuters) Buffett dispenses gloom at Berkshire
fest…daaaah! Warren Buffett warns inflation is on
the horizon …daaah!(at Fortune) SHOCK CLAIM: WHITE HOUSE BULLY THREAT
OVER AUTO BANKRUPTCY... China 'cutting down purchases of US
Treasury bonds'... Obama: Wall Street will play less
dominant role... ...financial sector to shrink
European economy 'will shrink 4%'
About 10 U.S. stress test banks to need more
capital UBS remains cautious after confirming
first-quarter loss AIG to post first-quarter loss, no
new bailout: source Prepare for Another Round of U.S.
'Stimulus' Propaganda Swine Flu A Hoax, But Martial
Law All Too Real U.S. families rely on handouts
in world’s richest country Attack on the Chrysler
Capitalists Obama Pushes ‘Crackdown’ on Legal
Tax ‘Havens’
Economic downturn ‘twice as bad as
feared’ NEEDS MORE: House Dems seek $94.2 billion
in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-1-09, suckers’
rally into the close to keep suckers sucked in based on very bad news [U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years , Georgia, N.J. banks fail, bringing '09
total to 31 , Auto sales plunge to near 30-year lows
, Chrysler to close 5 more plants; court
case begins ,
‘China cancels America’s credit
card’ , Mark
Hulbert who tracks investment consensus says bear market rally and new lows
before new highs , continuing claims for unemployment at new
record 6.3 million, new claims at 631,000 for prior week, worse than expected
are consumer spending -.2% and personal income -.3%, Chrysler receives
additional $8 billion in taxpayer funds and files for bankruptcy, U.S. Economy in 2nd Straight
Quarter of Steep Decline , leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for
2009 thus far, GM borrows $2 billion more/close dealers/many more layoffs,
Ford loses almost $2 billion, Microsoft reports first decline in revenue
ever, U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k, etc. , home sales down 3%, prices down 12%,
etc. ] and bull s**t ( fed says pace of
decline slowing…riiiiight!, dilutive stock issues, not as bad as expected, Consumer confidence soars past
forecasts (on fake conference board report) in April – riiiiight! Come on!
Even americans are not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble )
fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ‘…economic conditions remain dour.
Factory orders for March declined 0.9%, which is worse than the 0.6% decline
that was widely expected, and February orders were revised lower to reflect
an increase of 0.7%. Meanwhile, the ISM Manufacturing Index for April showed
continued contraction. It came in at 40.1. However, that was better than the
38.4 that was expected, and was also up from 36.3 in March. With economic
conditions continuing to challenge businesses and consumers, Ford (F 5.69, -0.29) announced April auto
sales fell 31.6%, while General Motors (GM 1.81, -0.11) said its US sales fell
34% in April…’ …traders living in a fool's paradise
if they continue to drive the markets higher by buying stocks based on
earnings that are down, say, 50 percent from this time last year, only
because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls on euro, up on yen on
GDP hopes…riiiiight! "You have to balance hope with reality," says
Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler
tells Andrew O'Day "this is a good example of a year where you probably
have a lot of hope early, then the reality coming throughSocial Security: Bankrupt System Will
Impact Markets Sooner Than Expected Georgia, N.J. banks fail, bringing
'09 total to 31 U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years Auto sales plunge to near 30-year lows
[$$] The Overvalued Market Needs a Healthy Pullback
Major wholesale bank shuttered …Silverton, Ga…and
then Ridgewood, n.j. for 31st bank failure this year (at CNNMoney.com)
Manufacturing declines at slower rate
in April … riiiiight!…(AP) Chrysler to close 5 more plants; court
case begins Results delayed again on banks stress
tests …the fudge factor!…(at bizjournals.com) Regulators close two more banks
U.S. families rely on handouts in
world’s formerly richest country Elliot Wave Theorists Claim
Pandemics Always Happen In a Bear Market CITI Said to Need Up to $10 Billion; Bank
Disputes 'Stress Test' Result... ‘China cancels America’s credit
card’ China, wary of the troubled US economy, has ‘canceled
America’s credit card’ by cutting down purchases of debt, a US congressman
says. Top Senate
Democrat: bankers “own” the U.S. Congress Stress-Test Results Are Delayed by Fed as Examiners,
Banks Debate Findings... Economy
shrinks at worse-than-expected pace... Metro Unemployment Skyrockets; Some Cities See Rates
Comparable To Great Depression... STRESS: Fed Finds at Least 6 of 19 Biggest Banks Need
to Raise More Capital...
CITI scrambles...
MSNBC's Washington HQ Can't Make Rent: Looking to Share
Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-30-09, very modest
losses relative to reality to keep suckers sucked in based on very bad news [Continuing
claims for unemployment at new record 6.3 million, new claims at 631,000 for
prior week, worse than expected are consumer spending -.2% and personal
income -.3%, Chrysler receives additional $8 billion in taxpayer funds and
files for bankruptcy, U.S. Economy in 2nd Straight
Quarter of Steep Decline , leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for
2009 thus far, GM borrows $2 billion more/close dealers/many more layoffs,
Ford loses almost $2 billion, Microsoft reports first decline in revenue
ever, U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k, etc. , home sales down 3%, prices down 12%,
etc. ] and bull s**t ( fed says pace of
decline slowing…riiiiight!, dilutive stock issues, not as bad as expected, Consumer confidence soars past
forecasts (on fake conference board report) in April – riiiiight! Come on!
Even americans are not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble )
fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise
if they continue to drive the markets higher by buying stocks based on
earnings that are down, say, 50 percent from this time last year, only
because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in
Worst Slump in 50 Years "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls on euro, up on yen on
GDP hopes…riiiiight! "You have to balance hope with reality," says
Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler
tells Andrew O'Day "this is a good example of a year where you probably
have a lot of hope early, then the reality coming through…”
Chrysler files for Chapter 11
bankruptcy Motorola loss widens; analysts see
worrisome signs Dow Chemical 1Q profit tumbles 97
percent With earnings bar low, April fraudulently strong
for stocks
Will the Swine Flu Get the Same
Response as the Financial Crisis - Protect the Status Quo without Really
Changing Anything? U.S. Economy:
GDP Shrinks in Worst Slump in 50 Years Top Senate
Democrat: bankers “own” the U.S. Congress Stress-Test Results Are Delayed by Fed as Examiners,
Banks Debate Findings... Economy
shrinks at worse-than-expected pace... Metro Unemployment Skyrockets; Some Cities See Rates
Comparable To Great Depression... STRESS: Fed Finds at Least 6 of 19 Biggest Banks Need
to Raise More Capital...
CITI scrambles...
MSNBC's Washington HQ Can't Make Rent: Looking to Share
Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-29-09, flagrant
suckers’ rally to keep suckers sucked in based on very bad news [ U.S. Economy in 2nd Straight
Quarter of Steep Decline leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for
2009 thus far, GM borrows $2 billion more/close dealers/many more layoffs,
Ford loses almost $2 billion, Microsoft reports first decline in revenue
ever, U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k, etc. , home sales down 3%, prices down 12%,
etc. ] and bull s**t ( fed says pace of
decline slowing…riiiiight!, dilutive stock issues, not as bad as expected, Consumer confidence soars past
forecasts (on fake conference board report) in April – riiiiight! Come on!
Even americans are not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble )
fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise
if they continue to drive the markets higher by buying stocks based on
earnings that are down, say, 50 percent from this time last year, only
because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[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. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls on euro, up on yen on
GDP hopes…riiiiight! "You have to balance hope with reality," says
Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler
tells Andrew O'Day "this is a good example of a year where you probably
have a lot of hope early, then the reality coming through…”
Economy
shrinks at worse-than-expected pace... Metro Unemployment Skyrockets; Some Cities See Rates
Comparable To Great Depression... STRESS: Fed Finds at Least 6 of 19 Biggest Banks Need
to Raise More Capital...
CITI scrambles...
MSNBC's Washington HQ Can't Make Rent: Looking to Share
Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-28-09, very modest
losses relative to reality to keep suckers sucked in based on bad news (banks
need another trillion, new home sales down, durable goods sales down, 4 more
bank failures, GM borrows $2 billion more, Ford loses almost $2 billion,
Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k, etc. , home sales down 3%, prices down 12%,
etc. ) and bull s**t ( dilutive stock
issues, not as bad as expected, Consumer confidence soars past
forecasts (on fake conference board report) in April – riiiiight! Come on! Even
americans are not that shortsighted /blind /dumb!… l etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble )
fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Sun's loss widens on restructuring,
slumping sales Citi, BofA may need more capital
after stress tests (Reuters) GM to force more than 1,000 dealers to close
Douglas, Stone head back to `Wall Street' (AP)
E-Trade Financial 1st-qtr loss widens,
shares fall (AP) Textron's 1st-quarter profit falls 63 pct (AP) …traders living in a fool's paradise if they continue
to drive the markets higher by buying stocks based on earnings that are down,
say, 50 percent from this time last year, only because they're not down 75
percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says.Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… Betrayal of the People By Wall Street, Banks, and
Government FLASH:
Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-27-09, only modest
losses relative to reality to keep suckers sucked in based on bad news (banks
need another trillion, new home sales down, durable goods sales down, 4 more
bank failures, GM borrows $2 billion more, Ford loses almost $2 billion,
Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k, etc. , home sales down 3%, prices down 12%,
etc. ) and bull s**t ( dilutive stock
issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble )
fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise
if they continue to drive the markets higher by buying stocks based on
earnings that are down, say, 50 percent from this time last year, only
because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says.Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… Betrayal of the People By Wall Street, Banks, and
Government GM OFFERS ITSELF UP FOR NATIONALIZATION... FLASH: Treasury Borrows Record $361 Billion for 2nd
Quarter... GM goes for broke Corporate
CFR Members Get Most of the Bailout Money Flu
fears dampen talk of tentative world recovery Raised pandemic risk, bank capital
report fuels fresh fears US newspaper circulation sees biggest
decline yet (AP) WSJ: Regulators urge BofA, Citi to boost capital
GM goes for broke CNNMoney | General Motors announced plans Monday to cut
23,000 U.S. jobs by 2011, drop its storied Pontiac brand and slash 40% of its
dealer network in its latest bid to stay out of bankruptcy.
U.S.
Initial Jobless Claims Rose to 640,000 Last Week
Gore
Denies that Ken Lay, Goldman Sachs CEOs Helped Develop C02 Trading ‘Scheme’:
VIDEO
PREVIOUS 4-24-09, suckers’ bear market
rally to keep suckers sucked in based on bad news ( new home sales down,
durable goods sales down, 4 more bank failures, GM borrows $2 billion more,
Ford loses almost $2 billion, Microsoft reports first decline in revenue
ever, U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k, etc. , home sales down 3%, prices down 12%,
etc. ) and bull s**t ( dilutive stock
issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble )
fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 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 shuttered as credit
crunch shakes out Why Housing Is Not Coming Back Obama Talks Credit Cards,
Summers Nods Off
This Volatility Is Off the Charts! Banks
May Struggle After 'Stress Tests'; Bad Assets Triple...
R.I.P.: GM
to pull the plug on Pontiac...
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…
Germany’s slump risks
‘explosive’ mood as second banking crisis looms China Increases Gold Reserves 76%
to Fifth-Largest
PREVIOUS 4-23-09, suckers’
rally in last 30 minutes to keep suckers sucked in based on bad news ( U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k, etc. , home sales down 3%, prices down 12%,
etc. ) and bull s**t ( dilutive stock
issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble )
fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Watch out for the fake government
stress tests (they lie about everything!). 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.). U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k Russia’s economy shrank a
staggering 9.5% in first quarter Truth About TARP Reports: GM to Shut Down Plants
for the Summer
President's financial adviser falls
asleep while Obama talks! ON THE BRINK: Feds preparing bankruptcy
filing for CHRYSLER... AMEX Profit Drops 58% as Defaults
Rise, Consumers Cut Spending... Microsoft's sales show fallout of
recession
Normura posts record $7.3 billion
annual loss Interview with Peter Schiff: Reflating the Bubble
Soaring U.S. Budget Deficit Will
Mean Billions in Bond Sales Housing bubble smackdown: Huge
“shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up
to 9 weeks
- General Motors Corp. is planning
to temporarily close most of its U.S. factories for up to nine weeks this
summer because of slumping sales and growing inventories of unsold vehicles,
three people bri… [$$] Morgan Stanley Still at Loss (at
The Wall Street Journal Online)
[$$] Gauging Stress: More Losses Likely (at The
Wall Street Journal Online)
No quick cybersecurity fix seen
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP)
David Tice: S&P 500 To Plunge to
325 Housing Starts Fall Sharply... Wall Street loses 3,100 jobs in March … Should lose
another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity
or Transparency - Just Inconsistency … and lack of meaningful FASB standard
(ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha)
Questions linger over Tarp funding... MAJOR MALL OPERATOR FILES FOR BANKRUPTCY...
JPMorgan and Goldman trading
profits unlikely to last Reuters
The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-22-09,
modest losses relative to reality in mixed market close so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 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.). ‘For
the second session in a row, stocks opened lower but buyers moved in to bid
the major indices higher (based on nothing at all). However, upward momentum
stalled as the S&P 500 approached the 850 level in the final hour of
trading, which prompted sellers to re-enter the fold and hand stocks a
sizeable loss. The late selling effort focused on financial stocks, which
closed with a loss of 3.8%, worse than any other sector in the S&P 500.
Shares of Morgan Stanley
(MS 22.44, -2.21) weighed heavily on the financial sector after the company
reported a larger-than-expected first quarter loss and a dividend cut.’
Gold Heading Above $2,000 by End
of 2010: Strategist Soaring U.S. Budget Deficit Will
Mean Billions in Bond Sales Housing bubble smackdown: Huge
“shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up
to 9 weeks
- General Motors Corp. is planning
to temporarily close most of its U.S. factories for up to nine weeks this
summer because of slumping sales and growing inventories of unsold vehicles,
three people bri... Falling bank stocks unravel rally; Dow
loses 83 - Nagging worries about banks upended a stock market
rally Wednesday. [$$] Morgan Stanley Still at Loss (at
The Wall Street Journal Online)
Talks on mortgage relief plan hit a snag (AP)
- Negotiations between the banking
industry and Senate Democrats on a mortgage relief plan hit a snag Wednesday
after a trade association representing credit unions said it could not
endorse the proposa...
[$$] Gauging Stress: More Losses Likely (at The
Wall Street Journal Online)
No quick cybersecurity fix seen
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP)
David Tice: S&P 500 To Plunge to
325 Housing Starts Fall Sharply... Wall Street loses 3,100 jobs in March … Should lose
another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity
or Transparency - Just Inconsistency … and lack of meaningful FASB standard
(ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha)
Questions linger over Tarp funding... MAJOR MALL OPERATOR FILES FOR BANKRUPTCY...
JPMorgan and Goldman trading
profits unlikely to last Reuters
The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-21-09, Tiny Tim talks the
talk in testimony tit for tat talking the talk, or stated another way, how
much talk could tiny tim talk if a tiny tim could talk talk, said three times
fast and you have the inspiration for a rally on fraudulent wall street based
on bull s**t alone as bad news and bull s**t alone has kept the churn and
earn commissionable bubble fraud rolling (on the way up and on the way down)
so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Even
main stream business radio reporter Laura Gregory references the ‘rally based
on nothing at all’, which of course is true. One analyst said all bank problems
remain and reality would not limit the remaining problems to banks. IMF says $2.7 trillion in losses
ahead for (u.s.) banks. judd greg says u.s. couldn’t meet the economic
criteria for admission to EU. WOW! Given the economic state of the EU, that’s
worse than bad! Seeking Alpha Analyst sums it up ‘…The six-week-long rally
is over. It was huge. The Dow Jones is up almost 1500 points. But the party
is over. The Dow Jones fell under its 13 day moving average, the same thing
happened to the S&P 500 and the Nasdaq composite. I had some hope that
the Naz could stay above its 13 day MA, but no such luck. Now what? According
to the 1932 scenario, we might have a 2-3 months long slump, followed by
another bull market. Or the market can go down big time, cross down its 50
day MA and test the March lows…’ - The latter is the scenario consonant with
reality. - He assumes best case scenario as he concludes that ‘…means that either the March low holds or a new low
will not be much lower. – Reality disagrees with that overly rosy scenario
based upon his stated overly rosy assumption! Crimes suspected in 20 bailout cases — for starters
AIG eats another $30 billion-ish Housing Bubble Smackdown: Bigger
Crash Ahead U.S. Stocks To Fall at Least 6%: Doug Kass Key Points About
the Coming Hyperinflation Wall St gains as banks lifted by tiny
tim’s b.s
NYT
losses worsen as ad sales plunge 27%... Yahoo to cut 5 percent of jobs Wall St gains as banks lifted by tiny
tim’s b.s. AMD posts deeper loss, shares fall
(AP) [$$] Connecticut Treasurer Joins Critics of BofA
CEO (at The Wall Street Journal Online) [$$] Citi Investors Vent About Losses
(at The Wall Street Journal Online)
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP)
David Tice: S&P 500 To Plunge to
325 Housing
Starts Fall Sharply... Wall Street loses 3,100 jobs in March … Should lose
another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity
or Transparency - Just Inconsistency … and lack of meaningful FASB standard
(ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha)
Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY...
JPMorgan and Goldman trading
profits unlikely to last Reuters
The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
Citigroup: The Beginning and End of the
Current Rally (at Seeking Alpha)
Why BAC Will Beat: Understanding a
New Bull Market Is Not Underway (at Seeking Alpha)
Government's Handling of Economic Crisis - Einstein
Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on
bad loans GM cutting 1,600 U.S. salaried positions
IBM sales fall more than expected, but
b.s. up Wall Street sinks on banks' woes
Wall Street tumbles as investors dump financials
(AP) IBM shares slip as 1Q sales fall
short (AP) New embrace of reality about bank health
grip Wall Street Backdoor Path To Bank Nationalization
(at CNBC) Zions Bancorp Swings To 1Q Loss;
Moody's Cuts Ratings Economic Downturn Negatively Affecting
Credit Markets in Varied Industries Celente: “America lives in a
fascist state”
Backdoor Nationalization? U.S.
May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not
the Bottom
PREVIOUS 4-17-09
(4-14,15,16,-09), Suckers’ rally into the close to keep the
suckers’ suckered on bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
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 by Peter
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
by Peter 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 end US foreclosures up 24 percent in 1st
quarter Jim 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 $__ BILLION PROFIT -
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 Coverup WHAT 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 tests New 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…David Tice: S&P 500 To Plunge to
325 Housing Starts Fall Sharply... Sony Ericsson posts Q1 loss, plans
more cost cuts Wall Street loses 3,100 jobs in March … Should lose
another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Toshiba expects bigger loss, contract
job cuts Sony Ericsson posts loss, to cut 2,000
jobs Treasury Stress Test Won't Add Clarity
or Transparency - Just Inconsistency … and lack of meaningful FASB standard
(ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha)
Questions linger over Tarp funding... MAJOR MALL OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading
profits unlikely to last Reuters
The Great Geithner Coverup Obama Maintains His Perfect
Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall
Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
Citigroup: The Beginning and End of the
Current Rally (at Seeking Alpha)
Why BAC Will Beat: Understanding a
New Bull Market Is Not Underway (at Seeking Alpha)
Government's Handling of Economic Crisis - Einstein
Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on
bad loans GM cutting 1,600 U.S. salaried positions
IBM sales fall more than expected, but
b.s. up Wall Street sinks on banks' woes
Wall Street tumbles as investors dump financials
(AP) IBM shares slip as 1Q sales fall
short (AP) New embrace of reality about bank health
grip Wall Street Backdoor Path To Bank Nationalization
(at CNBC) Zions Bancorp Swings To 1Q Loss;
Moody's Cuts Ratings Economic Downturn Negatively Affecting
Credit Markets in Varied Industries Celente: “America lives in a
fascist state”
Backdoor Nationalization? U.S.
May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not
the Bottom
PREVIOUS (4-14-09), Suckers’
rally into the close to keep the suckers’ suckered on bad news and bull s**t
alone so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! Retail sales down –1.1%. ‘…The downward push came as financial
stocks fell out of favor and disappointing retail sales data led some to
second guess the prospects of retailers. Financial stocks weighed on the
broader market for the entire session and finished with a 7.7% loss. The
sector's weakness was widespread, but investment banks and brokerages
(-10.7%) suffered some of the steepest declines after Goldman Sachs (GS 115.92, -14.23) announced a $5
billion common equity offering that was discounted from the prior session's
closing price. The offering will also prove dilutive to existing
shareholders…’ Jim Rogers Says Investors Should
Expect More Bottoms BULL S**T STORIES FOISTED AS B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN
COMMISSIONING: WELLS
FARGO RECEIVES $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 - 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 Coverup WHAT TOTAL BULL S**T!
U.S. Treasury asking banks keep quiet
on stress tests New 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 Great Geithner Coverup Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall
Short Goldman Sachs Q1: Pay Up, People Down Dealbreaker Afterdark: Fannie Mae CEO
To Head Bailout Nation UBS cuts 8,700 more jobs Let's Keep Big Banks from Ruining
America Forever (at Seeking Alpha) China's ICBC now world's largest bank by deposits
(at MarketWatch) UBS faces $1.8 billion loss, will cut
almost 9,000 more jobs World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis sees
hyperinflation ahead
PREVIOUS (4-13-09), ’ Jim Rogers Says Investors Should
Expect More Bottoms BULL S**T STORIES FOISTED AS B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN
COMMISSIONING: WELLS
FARGO RECEIVES $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 - 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 Coverup WHAT TOTAL BULL S**T!
U.S. Treasury asking banks keep quiet
on stress tests New 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 Great Geithner Coverup China Slows Purchases of U.S. and
Other Bonds Goldman Sachs hires law firm to
shut blogger’s site for pointing to truth about the fraud firm e Singapore economy shrinks sharply
more than expected WELLS FARGO 'May Need $50 Billion to Pay Feds, Cover
Loan Losses'... Reporters threatened with arrest for filming private
Federal Reserve building SURGE IN DELINQUENT TAXPAYERS; WASHINGTON VOWS SYMPATHY Warren Buffett's electric car venture; CEO drinks
'battery fluid'... Goldman Sachs mulls dilutive worthless stock sale
to repay TARP money with other TARP money: now you know where the fed
trillions in part are going: report GOLDMAN SACHS announces $5B public stock offering, reports
$1.8B quarterly profit... Bailed-Out Banks Face Probe over
Fees: Report
You Know Things Are Bad When Even
Newsweek Is Slamming the Obama Administration for Caving in to the Financial
Status Quo Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall
Short World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis sees
hyperinflation ahead
PREVIOUS (4-9-09), suckers’ bear market rally into the
close on bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! LATE-BREAKING BULL S**T STORY FOISTED
AS B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR
COMMISSIONING: WELLS
FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR
THEM?) $3 BILLION QUARTERLY PROFIT - 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! WHAT TOTAL BULL S**T! U.S. Treasury asking banks keep quiet
on stress tests
New 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). 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…’ Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall
Short World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Market bear Roubini sticks to
dour forecasts U.S. Treasury asking banks keep quiet
on stress tests Boeing warns on Q1 profit, to cut plane
output
Wall Street sets 5th weekly gain on banks, Boeing
off late U.S. Squeezes Auto Creditors (at The
Wall Street Journal Online) Nikkei comes off 9,000, as banks hit
by SMFG news Obama seeks $83.4 billion more in 2009 war funds
Bank of Japan likely to cut economic outlook in
next report Author who predicted crisis sees
hyperinflation ahead
PREVIOUS (4-8-09), suckers’ bear market rally into the
close on worse than expected bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! LATE-BREAKING BULL S**T STORY FOR
B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION
TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION
QUARTERLY PROFIT - 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 TO TAX! WHAT FRAUDS! WHAT TOTAL BULL S**T! 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). 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…’ Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall
Short World Economy Falling Faster
Than in 1929-1930 [$$] Little Optimism From FOMC Fed sees no economic recovery until
next year and then next year and year after that and next year
Moody's strips
Berkshire Hathaway of top rating Danger lurks behind banks' results
Reality of worsening depression drove
Fed action [$$] Morgan Stanley to Post a Loss From Volatile,
Complex Bonds (at The Wall Street Journal Online)
Bank Earnings Will Be Hit by Consumer Woes (at
TheStreet.com) Financial Crisis ‘Far From Over,’
Panel Says A Bear in Bull's Clothing: Why This Rally Will Fall
Short The Geithner-Summers Plan is
Even Worse Than Thought SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (4-6-09), suckers’ bear market rally into the
close to finish off lows on bad news and bull s**t alone (ie., real bad
numbers though favorably fudged greeted with reiteration ‘better than
expected’, etc…riiiiight!), so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Respected banking analyst Mayo
brought the lunatic frauds on wall street back to earth predicting bank loan
losses will exceed those of the Great Depression. Mayo
Says Loan Losses Will Exceed Depression Levels... ‘Despite the absence of positive
catalysts in afternoon trading, stocks were able to pare their losses. The
stock market had been down as much as 2.3%, but was able to more than cut
that loss in half. Financial Stocks Have Run Up Too
Hard, Too Fast (at Seeking Alpha) Slow down: We're Not at the Bottom Yet U.S. deficit nearly $1 trillion in first half of
FY2009
Americans Feel 15.6%
Unemployment as Unemployment Surges SOROS SEES END
OF DOLLAR AS WORLD CURRENCY... GM
Speeds Up Bankruptcy Preparations... Bernanke ‘Green Shoots’ Signals
False Spring Amid Job Losses Bush and Obama Administrations
Both Broke Law By Refusing to Close Insolvent Banks Murdoch: Long-Term Economic
Situation ‘Dangerous’; Recovery 2-3 Years Away Massive Checkpoint Operation in
Tennessee Violated Posse Comitatus, Fourth Amendment Hundreds of Thousands of
Unemployed Run Out of Benefits Larry Summers, Tiny Tim Geithner
and Wall Street’s ownership of government ‘ Mayo
Says Loan Losses Will Exceed Depression Levels... Obama Economic Advisors Linked
to Bankers
PREVIOUS (4-3-09), suckers’ bear market rally continues on
bad news and bull s**t alone (ie., real bad numbers though favorably fudged
greeted with reiteration ‘better than expected’, etc…riiiiight!), so still
great opportunity to SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! 5.1
million jobs lost, -663,000 in past month, unemployment rate jumps to 8.5%
and 15% for underemployed/part time (I’m sure these data understate the far
worse reality according to some who say 15% and 20+% respectively), credit
card problems/defaults to worsen according to analyst, even service sector
down, and providing insult to injury/damage Goldman, et als using taxpayer
funds for toxic assets (the real boondoggle is the complicit multi-trillion
dollar fraud concerning taxpayer funds to bailout/coverup massive securities
law violations/crimes for which prosecution/disgorgement of gains should have
already begun). Outrageous and preposterous! U.S. jobless rate hits 25-year high Lawmaker sees Fannie, Freddie bonus
"insult" NYC protesters ask US to 'bail out the
people' (AP) Soros: Global Depression Ahead Buchanan: We Should Kill the
Fed One in 10 Americans gets help to
buy food Ex-AIG chief: Bailout will not
succeed Unemployment in U.S. Climbed in
March to 25-Year High G-20 Shapes New World Order With
Wisely Lesser Role for u.s., u.s. Markets -663,000: Unemployment Rate Reaches 25-Year High of 8.5%... 1 in
every 10 Americans receive food stamps...
Buchanan: We Should Kill the
Fed Patrick J. Buchanan | Hoover did what Obama is doing.
Watchdogs: Treasury
won't disclose bank bailout details.(I think it’s obvious they’re covering up
the substantial securities fraud, using taxpayer money to do so, as yet
there’s not even one prosecution which makes the government complicit, after
the fact, in consummating the fraud) ...
PREVIOUS (4-2-09), suckers’ bear market rally based upon
decisively bad news (26 Year High as New US jobless claims hit
669,000 in week , except for fake government reports by corrupt
scandal-scarred commerce department on manufacturing/index up 1.8% though
almost all private forecasts saw decline, etc.), in addition to funny money
the frauds on wall street applauded the funny assets courtesy of f.a.s.b.
(there are no accounting standards in the u.s.), which makes for wall street
style securities fraud as now and in the past (fed also pumped in another $23
billion in last 3 days to fuel same, despite earnings going down and stock
prices soaring with stratospherically high p/e ratios). Analyst/fund manager
Najarian ‘taking a lot off the table’ (selling), while Analyst/fund manager
Farr/Miller who called this bear market rally see’s test of the lows, so if
you don’t celebrate All Fools’ Day (you’re not a fool) you’ll continue to SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! New US jobless claims hit
669,000 in week WASHPOST: Before Crisis, Geithner Fell
Short; He regulated banks... Outstanding Credit Default Swaps
Down to “Only” About Twice America’s GDP Layoffs rise despite hope recession is easing (AP) G-20 to give $1 trillion to IMF,
World Bank UN chief says crisis could
result in failed states Tax dodgers multiply as
underground economy cushions job cuts The Wall Street Journal Criticizes
Capitol Hill Bonuses (and don’t forget the raises) (at Seeking Alpha)
Inflationary Depression Dr.
Marc Faber runs his own business, Marc Faber Limited, which acts as an
investment advisor and fund manager. He publishes a widely read monthly
investment newsletters The Gloom Boom & Doom report which highlights
unusual investment opportunities, and is the author of several books
including Tomorrow’s Gold – Asia’s Age of Discovery which was first published
in 2002 and highlights future investment opportunities around the
world.
PREVIOUS (4-1-09), suckers’ bear market rally into the
close with 250 point swing to the upside based on decisively bad news and
bull s**t alone, viz., better than dismal expectations…I don’t think so!
…That dog don’t hunt no more…remember the last market burn and that similar
refrain among others, and the ever indecipherable to most, that infamous tech
sector will save us (bust)…riiiiight! Oh wait, I get it. April Fools
Day, as in ‘fool you once, shame on them, fool you twice, thrice, etc.,
…shame on you’. How ‘bout all fools day. U.S. private sector axes 742,000
jobs in March
March auto sales plunge... U.S. seen facing danger of 2nd recession
next year or stated another more realistic way, the depression though flush
with ever more worthless weimar dollars providing ephemeral b.s. talking
points of happy days are here again will be exacerbated thereby and continue
with a vengeance r So, SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
AIG crisis could be the tip of an
insurance iceberg U.S. Spending 100% of GDP on
Bailouts and Related Programs Watchdogs: Treasury
won't disclose bank bailout details.(I think it’s obvious they’re covering up
the substantial securities fraud, using taxpayer money to do so, as yet
there’s not even one prosecution which makes the government complicit, after
the fact, in consummating the fraud) ... U.S. private sector axes 742,000
jobs in March
March auto sales plunge... U.S. seen facing danger of 2nd recession
next year or stated another more realistic way, the depression though flush
with ever more worthless weimar dollars providing ephemeral b.s. talking
points of happy days are here again will be exacerbated thereby and continue
with a vengeance r
Financial Rescue Nears GDP as
Pledges Top $12.8 Trillion U.S. auto sales plunge, but bottom
not yet near "Hurt, Frightened and Very
Angry:" Risk of Social Unrest Rising, Says FT's Martin Wolf [$$] Accounting Rules Should Avoid Impairment (at
The Wall Street Journal Online) Nightmare on Wall Street Destination Collapse Foreclosure Crisis Hits Warp
Speed: 6 Million Families Face Losing Their Homes in the Next Three Years
PREVIOUS (3-31-09), suckers’ bear market
rally continues to keep suckers suckered and commission dollars flowing by
window-dressing this past month (and quarter) with gains based on bad news
and hence bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN
SINCE MUCH, MUCH WORSE TO COME! Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market
Rally All news
decisively negative with prospectively negative implications as the
jawboners/frauds talk up that ever elusive bottom for stocks/real estate
despite reality indicating otherwise [have you noticed the wide divergence of
private reports (though somewhat skewed to the upside because of flawed/fake
data they must rely upon from the government) as opposed to false government
reports]. Confidence near historically record lows and Case/Shiller index
showing declining real estate values (-19.4%) Home Prices in 20 U.S. Cities
Fell by a Record 19% with
declines at highest rate on record Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market
Rally An Autopsy of the Glass-Steagall Act U.S. Spending 100% of GDP on
Bailouts and Related Programs TARP Watchdog: “We Do Not Seem
To Be A Priority For The Treasury Department” NEWS BROKE: SUN-TIMES Files For Bankruptcy, Both Major
Chicago Dailies Now In Chapter 11... Ontario, CA, Tent City Residents
Required to Wear Wristbands Government website now offers
’suicide warning signs’ for victims of recession .
PREVIOUS (3-30-09), 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! Obama's tough auto stance may include
bankruptcy
Wall Street hits the brakes on autos,
bank woes Workers say Obama treated autos worse
than Wall St (AP) UBS shares fall as writedowns, job
cuts expected (AP) Obama puts GM, Chrysler on short
leash Stocks fall as automaker plans
are rejected Russia backs return to Gold
Standard to solve financial crisis Looting by U.S. Government at
All-Time Highs
White House to let Chrysler fail
US Banks Operate Without Reserve
Requirements
GM, Peugeot CEOs forced out as auto
woes deepen Geithner won't say if more bailout
money needed
AIG delays funds to some real-estate
ventures: report Asian stocks tumble on auto, bank concerns (AP)
UBS shares fall as more writedowns,
job cuts seen (Reuters) GM, Chrysler have no 'viable' plans:
US task force Pension insurer shifted to
stocks to froth the fraudulent market Boston Globe | Just months before
the start of last year’s stock market collapse, the federal agency that
insures the retirement funds of 44 million Americans departed from its
conservative investment strategy and decided to put much of its $64 billion
insurance fund into stocks to froth the frudulent market at behest of frauds
on wall street.
PREVIOUS (3-27-09), very modest losses
relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN
SINCE MUCH, MUCH WORSE TO COME! Sugar
coated though still bad numbers, usual suspects/concerns cited, ie.,
bankruptcies on rise, omni 22nd bank to fail this year, printing
hyperinflationary funny money like mad, etc. (don’t forget, as now, in 2008
they predicted improvement in second half and no recession though we now know
we were already in recession and now depression). Nobel Laureate Dr. Joseph
Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People” Ninth Georgia bank collapses (at
Atlanta Journal Constitution - 22nd this year) Economy shrinks most in 25
years; Unemployment continues climb Roubini Says Stocks Will Drop, Government Will
Nationalize More Banks... Ron Paul Predicts 15-year
Depression The Credit Bust Is Not Almost Over
(at Seeking Alpha) Top bank regulator placed on leave
pending review (AP) PAPER: Rahm Emanuel's Short FREDDIE MAC
stay made him $320,000+... On PPIP and Geithner's Latest Power
Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve
Currency? UN PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is
'Radical'... The Bubble That Must Burst
PREVIOUS (3-26-09), all news
decisively bad, viz., continuing unemployment claims at new record
high 5.56 million, new unemployment claims at very bad 653,000, economic
contraction a worse than previously reported –6.3%, corporate profits down
and at worst levels in decades, J.D. Power and Associates reports auto sales
decline of a whopping –40%, Economy shrinks most in 25
years; Unemployment continues climb Roubini Says Stocks Will Drop, Government Will
Nationalize More Banks... Ron Paul Predicts 15-year
Depression , yet suckers’ bear market
rally to keep those suckers suckered so take this folly as a great
opportunity to SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! The Credit Bust Is Not Almost Over
(at Seeking Alpha) Top bank regulator placed on leave
pending review (AP) PAPER: Rahm Emanuel's Short FREDDIE MAC
stay made him $320,000+... On PPIP and Geithner's Latest Power
Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve
Currency? UN PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is
'Radical'... The Bubble That Must Burst
PREVIOUS (3-25-09), The corrupt,
scandal-scarred commerce department notorious for institutionalized lying
comes out with numbers three times/300% better than private forecasts
for now into the third week in a row for such very forecastable data as used
home sales, new home sales, and durable goods (mostly government/military
with funny at that) in an attempt to froth that font of fraud called the
american stock market/wall street which is how this financial/economic crisis
came to be, with the parasitic churn-and-earn commisioning on the way up (and
then down) based on bull s**t alone. Still not one prosecution of that huge
collateralized securities fraud for which disgorgement would constitute substantial
contribution to treasury as opposed to the just announced diversion to small
potatoes (like madoff, which should be pursued but not a priority to the
multi-trillion dollar collateralized securities fraud, etc.), viz., the
sub-prime mortgage origination fraud (encouraged by actions of fed and
government), etc.. With 80% debt-to-GDP ratio, the u.s. is now the leader of
banana republic nations. Nobel Laureate Dr. Joseph
Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People” IBM to cut 5,000 jobs in U.S. Wall St. rallies late as data offsets
bond sale gloom [$$] Government-Debt Auctions Disappoint as Demand
Subsides (at The Wall Street Journal Online)
Asian Shares Mostly Lower, Mkts
Overcooked; Nikkei Down 0.7% CDS ‘Godfather’ Says Blow ‘Em
All Up’ Obama Denounces Global Currency
While Creating The Very Means For Its Introduction Code Pink and Barney’s Bailout
Circus One Small Problem With
Geithner’s Plan: It Will Bankrupt The Banks White House to Hunt for New Tax
Revenues Bank Of England warns Gordon
Brown to stop the spending U.K. Bond Auction Fails for First
Time Since 2002
Obama’s Economic Plan a “Road to
Hell” Associated Press | The president of the European
Union on Wednesday slammed U.S. plans to spend its way out of recession as “a
road to hell.”
PREVIOUS (3-24-09): Modest losses
relative to an increasingly grim reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
ETF Death Watch: Why Are Funds Closing? The financial
crisis isn’t just
shrinking portfolios and profits. It’s also putting exchange-traded funds and notes out of business.
According to State Street, 58 exchange-traded products closed last year and
another 30 or so from companies like SPA, Credit Suisse and Northern Trust have stopped trading the last
three months. With more on the way, the liquidation process is shaping up to
be a prominent trend for investors to watch in 2009.
Geithner Plan Will Rob US
Taxpayers: Stiglitz The U.S. government plan to rid banks
of toxic assets will rob American taxpayers by exposing them to too much risk
and is unlikely to work as long as the economy remains weak, Nobel
Prize-winning economist Joseph Stiglitz said on Tuesday.
Geithner Grilled on Goldman
Sachs Connections David Edwards | Geithner told Waters that Goldman
Sachs could help manage the new program to help banks remove toxic assets
from their books. Haven’t
goldman and goldman people done enough damage? Their abilities and
competence are vastly overrated and overstated. Be Gentle with the Bankers? No,
Indict Them for Fraud/High Treason
U.S. woos investors to buy toxic assets Falling Japan land prices stir
deflation worries China Telecom's annual profit plunges 96% on
write-down
Japan automakers' sales tumble in
February China Urges New Money Reserve to Replace Dollar
The Fed Did Indeed Cause the
Housing Bubble China Voices Support For New
Global Currency To Replace Dollar
US unveils public-private plan
for toxic assets
Donating for dollars? Many
bailed-out banks still contributing to campaign funds The
federal bank bailouts may be giving new meaning to the term
“kickback.” JPMorgan Chase To Spend Millions
on New Jets and Luxury Airport Hangar YouTube Caught Censoring Obama
Deception Video The Fed Did Indeed Cause the
Housing Bubble
What the Pros Say: US Is Now
‘Bankrupt’ US Federal Reserve announces
massive increase in government debt U.S. Budget Office offers darker economic and
deficit outlook [$$] Market Overbought and Overbelieved
Auditors project deeper deficits for
Obama budget Rothschild: Economic crisis will
leave governments with “enormous public debt” The Fed Did It, and Greenspan
Should Admit It
Launching Lifeboats Before the
Ship Sinks Paul Craig Roberts | If the US government is forced to
print money to cover the high costs of its wars and bailouts, things could
fall apart very quickly.
US Federal Reserve announces
massive increase in government debt Barry Grey | The essence of all of the measures
taken in response to the crisis is an effort to rescue the system and protect
the wealth and power of the financial elite at the expense of the broad
masses of the population.
Tax Time Covert Ops Catherine Austin
Fitts | Hate.
Divide and conquer. It’s a business. The media is pushing it. The people
directing it are the same people who brought you the AIG bonuses.
PREVIOUS (3-23-09): So
preposterous was today’s 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: Analyst U.S. Budget Office offers darker economic and
deficit outlook The 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.
I’M A SELLER OF THIS RALLY AT THIS
POINT…..
PREVIOUS (3-20-09), Modest losses relative to reality and their
printing those worthless Weimar dollars like mad, 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 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: Analyst U.S. Budget Office offers darker economic and
deficit outlook The Geithner-Summers-Bernanke
Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar
PREVIOUS (3-19-09), ‘…Economic news remains uninspiring. Weekly initial claims
dipped 12,000 to 646,000, which was better than the consensus estimate of
655,000. Continuing claims hit another record high, though, jumping to 5.47
million from 5.29 million. Leading indicators for February showed a 0.4%
decline, which wasn't as bad as the 0.6% decline that was expected… Energy
stocks (+1.4%) and materials stocks (+1.4%) were helped by stronger commodity
prices. The CRB Commodity Index climbed more than 5% in this year's largest
single-session advance by percent. Crude oil futures prices gained 6.5% to
close pit trading at $51.25 per barrel, while gold prices advanced 7.8% to
close at $958.50 per ounce. Underpinning the strength in commodity prices was
a considerably weaker U.S. dollar. According to the Dollar Index, the
greenback sank 1.7% this session, and more than 4% during the last two
sessions. The dollar's weakness follows the Fed's latest policy directive…’
US is Already Bankrupt: Analyst The Geithner-Summers-Bernanke
Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar
Corporate Media Disses Gold Citigroup May Spend $10 Million
for Executive Suite It’s Not Just AIG: Fannie Plans
Exec Bonuses
Gold Re-Couples with Euro, “Dollar
Getting Destroyed” House passes tax to recoup most
of AIG bonuses ($200 million); what about the $14 trillion in fraudulent
bailouts and the missing $4 trillion at the New York fed… s Bank of America involved in Merrill Q4
writedowns: report Put/Call Ratio Indicates Overbought
Market Condition SUPER PUMP: $1 TRILLION
CREATED OUT OF THIN AIR... Oil Nears
$52; Hits high for 2009...
PREVIOUS (3-18-09), absolute
desperation by the fed as fed in panic mode buys bonds with even more fake
money (ultimately you pay). Shot in the dark, they unequivocally do not know
what they’re doing; don’t have even the slightest clue. Some well deserved
guilt as greenspan, bernanke, paulson, geithner, etc., are authors of this
debacle with compliant politics as usual facilitating same (wall street/hedge
fund gamblers shouldn’t be bailed out, etc.), but the divergence of so-called
opinion from stagflation to applauding same in light of fraudulent stock
market up-tick (isn’t that how we got here, to this financial/economic
disaster).
Depression Unrest Turmoil
Instability Riots all coming and SOON As depression deepens, more americans
go fishing (Reuters) It’s Not Just AIG: Fannie Plans
Exec Bonuses Stimulus plan: Spend now, details
later (promise)
Dollar Plunges After Fed
Announcement
Senate quietly stripped measure
restricting bonuses from bailout legislation Hedge funds could reap billions
from AIG which should not reward soured bets/gambles with
taxpayer funds as now slated. Citi, Morgan Stanley Looking to Issue
More Diluting Shares for Bonus Payments (at Seeking Alpha) Editorials:
Rewards instead of punishments
PREVIOUS (3-17-09), all private
forecasts of the very forecastable housing starts defied the false report of
the corrupt, scandal-scarred commerce department (remember the fake reports
that spurred recent ralleys which ultimately burned the buyers) spurred
suckers’ bear market ralley so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Dent,
Napier, and Prechter - Wise to Heed Their Predictions Is Mistrust in Wall Street Pointing to New Lows? RECORD: NATIONAL DEBT HITS $11 TRILLION... The Size of Derivatives Bubble =
$190K Per Person on Planet Washington knew AIG was preparing to
pay bonuses (AP) U.S. to claw back AIG bonuses,
lawmakers eye tax House committee scrutinizes Merrill
bonuses Bad year or good, fraud or just
preparing for fraud with wall street, AIG employees got big bonuses
(AP) Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money World Bank cuts China GDP estimate
again, to 6.5% Obama Confronts “Populist Anger”
Over Bankster Giveaways IMF poised to print billions of
dollars Jim Rogers Expects Civil Unrest
in the US and all around the World
PREVIOUS 3-16-09, Very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ‘…February industrial production declined
1.4%, which is essentially in-line with the consensus 1.3% decline. Capacity
utilization dipped to 70.9% from 71.9%, as generally expected. The February
report continues to reflect a weak demand environment that will ultimately
drag on GDP...’’…
The nation's industrial output fell for the fourth straight month in
February, with factories operating at their lowest level in six decades of
record keeping. Analysts forecast more production cuts to come as companies
are battered by recessions at home and abroad. The Federal Reserve reported
Monday that industrial output dropped by 1.4 percent last month, slightly
larger than the 1.2 percent decline economists had expected. The weakness
included a 0.7 percent fall in manufacturing output, which pushed the operating
rate at the nation's factories down to 67.4 percent of capacity last month,
the lowest level on records that go back to 1948…’
Treasury to rework AIG aid to recoup
bonuses AIG massive payments to banks stoke
bailout rage Hearst prints final Seattle PI
Hearst hopes Web-only Seattle P-I
will turn profit AIG Bonuses Add to Reality of
Public Revolt against Wall Street, Federal Reserve Bracing for a Bailout Backlash Dollar Crisis In The Making Think recession’s bad? Try a
cataclysm! Insurance giant AIG to pay $165 million
in bonuses (AP) AP - American International Group is giving its
executives tens of millions of dollars in new bonuses even though it received
a taxpayer bailout of more than $170 billion dollars.
AIG plans to disclose CDS
counterparties: source Chrysler faces July cash crunch even
with more aid Accounting Rule Changes Creating False Rally in
Financials (at Seeking Alpha) Cash-hungry U.S. states turn to Web to
auction goods Bernanke: recession could end in '09
and if his grandmother had wheels she could be a trolley car and as he
previously said we could avoid recession though we were already in one which
is now a depression with worse yet to come and most assuredly will not end in
2009 except in the b.s. talking points in their dreams (AP) Millions in AIG bonuses draw chorus of outrage (AP)
AIG payments to banks stoke bailout rage
White House says economy is sound
despite 'mess’ or stated another way, a sound mess…..riiiiight!'
AIG Bonuses Add to Reality of
Public Revolt against Wall Street, Federal Reserve Mike Adams | People will be marching in the
streets, demanding the arrest of all the rich executives and corrupt
bureaucrats who took part in this massive financial theft.
PREVIOUS 3-13-09, 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 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. Unemployment in 7 States Has
Exceeded 20% in February China Debates If It Should Continue
to Foolish Buy Evermore Worthless U.S. Treasuries America faces new Depression
misery as financial crisis worsens Tent Cities, Unemployment,
Homelessness Growing Dmitry Orlov: “America will
collapse” Warren Buffett's
BERKSHIRE HATHAWAY stripped of its 'AAA' credit rating... THE INFLUENCE/BRIBE/PROTECTION RACKET: New record
for number of PACs
PREVIOUS (3-12-09), the waning
full moon still compounding the frivolity of the criminally insane;
particularly the lunatic frauds on wall street, and truth be told, the
lunatics who follow in lock-step behind them. 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 so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! There are no bulls or bears on
fraudulent wall street, just ostriches. One senile land of fruits and nuts
analyst/ broker / master planner of the lost angeles failed paradigm quips
with glee: it’s impressive to see the market ignore so much bad news and
rally…riiiiight! Ron Paul, A Rare Voice of Reason on
Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted,
and Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the
Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions
as Recovered (Their
greed and fraud has further bankrupted this country and damaged other nations
and recoupment of their fraudulent gains must be required as the law already
provides since taxpayers are bearing the brunt of government inaction. What
they did is not ok. They must pay. This is not difficult to grasp and must be
done or there is no hope prospectively for america since all will know of
this government fostered/complicit fraud). ‘…Better-than-expected (but typically fake as per
scandal scarred commerce department) retail sales data suggested consumers
haven't completely rolled over. February retail sales declined just 0.1%,
which is better than the 0.5% decline that was expected. Excluding autos,
retail sales increased 0.7%. A decline of 0.1% was expected. Meanwhile,
January total sales and sales less autos were revised to show an even larger
increase. The upbeat retail sales data comes in the face of ongoing consumer
headwinds, such as mounting job losses. Weekly initial claims climbed 9,000
to 654,000, which was worse than expected. Continuing claims jumped nearly
200,000 to 5.32 million, which was also worse than expected (new record). In
other economic news, February business inventories declined 1.1%, which is
essentially in-line with the consensus estimate...’
’…This week's
rally got an extra dose of adrenaline after an accounting board told Congress
Thursday it may recommend (more fraud as we’re currently experiencing by way
of ) a let-up in financial reporting rules for troubled banks in three weeks…
Fed reports record fall in household net worth WASHINGTON (AP) -- The net
worth of American households fell by the largest amount in more than a
half-century of record keeping during the fourth quarter of last year…The
Federal Reserve said Thursday that household net worth dropped by a record 9
percent from the level in the third quarter. The decline was the sixth
straight quarterly drop in net worth and underscored the battering that U.S.
families are undergoing in the midst of a steep recession with unemployment
surging and the value of their homes and investments plunging. Net worth
represents total assets such as homes and checking accounts minus liabilities
like mortgages and credit card debt. Jobless claims rise as retail sales slip
WASHINGTON (AP) -- With layoffs spreading, the number of initial claims for
jobless benefits rose last week, while the total number of people continuing
to receive benefits set a record high, the government said Thursday. The
Labor Department reported that first-time requests for unemployment insurance
rose to 654,000 from the previous week's upwardly revised figure of 645,000,
above analysts' expectations. The number of people receiving benefits for
more than a week increased by 193,000 to 5.3 million, the most on records
dating back to 1967. That's the sixth time in the past seven weeks that the
jobless claims rolls have set a record high…’
Ron Paul, A Rare Voice of Reason
on Capital Hill: Culprits Of Financial Collapse Should Be Arrested,
Prosecuted, and Forced Disgorgement Of Fraudulent Gains Would Inure to the
Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the
Multi-Trillions as Recovered - Compared to them, madoff was a mere
piker Citigroup Inspired Bear Market
Suckers’ Rally Unemployment in 7 States May
Have Exceeded 20% in February 45 percent of world’s wealth destroyed: Blackstone CEO Madoff jailed after pleading guilty to $50-65 billion
fraud and telling court: ‘I am deeply sorry and ashamed of my crimes’ Newmont
CEO sees gold in range of $1,200 House
prices to drop another 55% and leave Britain bankrupt Madoff sent to jail as furious victims applaud (AP)
Madoff pleads guilty, is jailed for $65 billion fraud
Don't Sweat Hypernflation Just Yet:
Deflation/Depression "In the Cards" for 2009 and Beyond, Shilling
Says More
on Roubini and Shiller's Dour Outlook Pelosi dodges chance to end automatic pay
raises Ron Paul: Culprits Of Financial
Collapse Should Be Arrested SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-11-09), Analyst
chatter: Not through the worst of it, the worst (of depression) still ahead,
investing in this market is like trying to catch a falling knife.
Foreclosures up and spreading as unemployment also rises and will continue to
rise. Freddy lost another $50 billion and wants another $31 billion, while
Fanny lost another $60 billion and wants another $15 billion. Hillary Kramer
says trading only, in-and-out, so if you can’t, don’t jump into market to try
and catch the falling knife. Dividend cuts for 2009 have already surpassed
that for all of 2008 at $46.8 billion.
53% of Americans (and Senator
Specter) Think the U.S. Depression is Like the 1930’s This is a Depression! For
Markets, What they call it does Not Matter Billionaire
Stanford to take the 5th in fraud case (AP) Madoff mysteries remain as he nears guilty plea
Merrill misled Congress on bonuses o
Freddie Mac seeks $30.8B in US aid after 4Q loss
Earnings
Growth Estimates: The Bad, the Bad and the Ugly Japan's economy shrinks an annualized 12.1% in the fourth
quarter Dell Cuts Staff Worldwide
Last year REITs
lost 38% - that's a bit worse than the S&P 500 Credit card delinquencies hit index record Thousands Line Up at Indiana Mall
for Food Handouts The Fed Has Destroyed Your
Retirement SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN
SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-10-09), yes, indeed, a rally with power of a
speeding locomotive based on….. b.s. talk point with early release of
CITI showing a profit [not counting more writedowns, bad/worthless
assets(loans)/securities, expenses, etc.] of $8 billion with receipt of $45
billion (plus loans/guarantees/investments in excess of $100 billion)
taxpayer bailout … WOW!…at this rate the treasury will deplete even faster
than originally projected. But the math is so simple that elementary school
kids with a handle on third grade arithmetic can accomplish the same and
hence, can and should replace top management at a much lower price and
without delay. ‘…bernanke says regulatory overhaul needed…WASHINGTON (AP) --
The nation's financial rule book must be rewritten to prevent a repeat of the
global economic crisis now gripping the United States and other countries,
Federal Reserve Chairman Ben Bernanke said Tuesday…Bernanke offered new
details on how to bolster mutual funds and a program that insures bank
deposits. He also stressed the need for regulators to make sure financial
companies have a sufficient capital cushion against potential losses…The Fed
chief's remarks come as the Obama administration and Congress are crafting
their overhaul strategies. For the administration, critical work will be
carried out among global finance officials this weekend in London ahead of
next month's meeting of leaders from the world's 20 major economic
powers…Madoff's lawyer says client will plead guilty …NEW YORK (AP) -- In a
courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead
guilty Thursday to securities fraud, perjury and other crimes, knowing that
he could face up to 150 years in prison for one of the largest frauds in
history…’ ‘…All three major indices registered
fresh multiyear closing lows in the prior session, but came rallying back
this session to log their best single-session performance by percent in
months. The rebound came after Citigroup issued an encouraging update and
reports indicated the uptick rule may be reinstated… Rep. Frank stated
mark-to-market accounting rules must be improved, but Senator Shelby says any
mark-to-market accounting changes should be made by the SEC. The SEC stated
it will not seek to suspend such rules (since such would make valuations a
fraud)... The stock market's advance was further helped by short-covering.
Still, trading volume on the NYSE climbed above 2 billion shares…’
Cost to buy protection against U.S. government
default surges Good News! Economist Sees GDP Down 7%
in Q1 and 9.25% Unemployment in 2010 Madoff faces life in prison on 11
criminal charges Citi's fake profit view, uptick talk
drive big rally Roubini: Depression Could Last beyond 36 Months; Dow at
5000...
United Tech to cut 11,600 jobs
Why Commodities Prices May Rise,
Even In Deflation IMF warns of Great Depression,
All Nations at risk Oil at $50 Looms as OPEC Plans
Cut, Keeps to Quota 53% Say It’s Likely the U.S.
Will Enter a Depression Similar to 1930’s even though we’re already in one
worse than the 1930’s Washington plans for big bank
failure SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-9-09), …‘Despite a rebound by
financial stocks and a batch of merger news, the stock market was unable to
put together a sustainable advance. Stocks finished with a broad-based loss,
a bit above session lows. Uncertainty in foreign indices fueled early losses
in the headline indices. Financials were the focal point of the weakness,
falling to a loss of 2.2%. The drop was short-lived, though. Financials
rallied to a gain of 5.3%, but finished with a gain of 2.5%’… …’ Wall Street fell more than 1 percent Monday as
uneasiness about the economy eclipsed a bounce in troubled financial stocks
and news of a big drug company merger. Stocks rose in the early going but
turned lower in a now familiar pattern where short-lived bursts of optimism
give way to concerns about the country's economic woes’ (in the real world
they call that mental illness, lunacy –note the full moon, manic
depression/bipolar disorder, etc., or just plain fraudulent wall street )’
World Bank offers dire forecast
for world economy Depression Dynamic Ensues as
Markets Revisit 1930s Global Financial Assets Lost $50
Trillion Last Year SEC says money manager invented big
accounts
Who got AIG's bailout billions? ‘The collapse of America is
unavoidable’
Regulators
seize seventh bank in Georgia... Kerry:
'Animal House' Party Days Are Over for u.s. government...
Bank stocks rally despite their
insolvency (AP) Too big to fail? 5 biggest banks
are 'dead men walking' (McClatchy Newspapers) [video] Next Dead Dividend (at
TheStreet.com) Oil at $50 Looms as OPEC Plans
Cut, Keeps to Quota Too Big Has Failed: KC Fed Prez Says We
Need Temporary Nationalization (at Seeking Alpha)
World Bank says global economy will
shrink in 2009 (AP) Recession on track to be longest in
postwar period (AP) Cash In A Mattress? No, Gold In
The Closet Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money
PREVIOUS (3-6-09), fudged
in a manner most favorable to the frauds (we past these unemployment
percentages quite some time ago and they were much worse then and still worse
now, etc.), the news remains bleak and reality says even bleaker. Any economist who in discussing this depression mindlessly
compares this Greatest Depression to any other contraction without pointing
out crucial negative distinguishing characteristics; viz., insurmountable
debt, increasingly worthless (Weimar) currency, irrevocable and unrelenting
trade/budget deficits, global antipathy (stemming from illegal wars, war
crimes, massive securities fraud, etc.), lack of significant manufacturing
base, pervasive corruption/theft /plundering/incompetence, etc., cannot be
considered a serious economist (just a joker who probably missed the call on
recession/depression, etc.). …’Huge
layoffs push joblessness toward double digits WASHINGTON (AP) -- Tolling
grimly higher, the recession snatched more than 650,000 Americans' jobs for a
record third straight month in February as unemployment climbed to a
quarter-century peak of 8.1 percent and surged toward even more wrenching
double digits.The human carnage from the recession, well into its second
year, now stands at 4.4 million lost jobs. Some 12.5 million people are
searching for work -- more than the population of the entire state of
Pennsylvania. No one seems immune: The jobless rate for college graduates has
hit its highest point on record, just like the rate for people lacking high
school diplomas… GM shares reach 75-year low amid bankruptcy talk…’ The broader market turned in a modest gain, thanks to a
late rally effort that overcame steep losses. Initial gains were broad-based
as participants began buying in the wake of the February jobs report, which
indicated nonfarm payrolls fell 651,000, in-line with expectations, and
unemployment climbed more than expected to a 25-year high of 8.1%. Stocks
were up as much as 2.4% in what resembled past trends that saw stocks sell
off leading up to the monthly jobs report, but then rally in its wake as
traders "bought the bad news."
Madoff expected to plead guilty to
fraud charges
How to Spot a Ponzi Con Artist? Follow
the Yachts (Time.com) U.S. jobless rate hits 25-year high Goldman, others get AIG payouts: report
US Bancorp CEO got pay package valued at $6.8M (AP)
Huge layoffs push joblessness toward double digits
AP source: Madoff guilty plea
expected next week Stocks facing uphill battle; budget,
retail sales loom $11 Trillion Wipeout: Wall Street's
Year-and-a-Half of Dangerous Living Economy in 'Free-Fall': Unemployment
Rate Surges to 8.1%, Highest in 25 Years
GM shares reach 75-year low amid
bankruptcy talk (AP)
Fox Admits To Planting Political
Brainwashing In Popular TV Shows Pelosi Backs Senate Facist
Amendment to Censor Talk Radio Senate to Give FDIC up to $500
Billion Senator Bernie Sanders Slams Fed
Boss Ben Bernanke Bailout Money - Instead of Being
Used to Stabilize the Economy or Even the Bailed-Out Companies - is Just
Going to Line the Pockets of the Wealthy Taxpayers Furious With Budget
Cuts Take Frustration To Streets Of NYC AIG “Was Going to Bring Down
Europe”: Lawmaker
PREVIOUS
(3-5-09), Analyst/Economist
Chatter: funny money (they’re printing worthless Weimar dollars like mad) and
now they’re thinking funny assets (suspending reality based mark-to-market in
favor of the failed fraudulent whatever they want so they can
foist/spin/defraud which got us to this debacle); more bank takeovers; GM
burning cash, bankruptcy probable; Merrill bonuses for jobs poorly done (my
direct experience with Merril Lynch brokers was their total incompetence);
higher taxes, higher inflation, $3 trillion new u.s. debt, dollar
devaluation; more bank takeovers and far worse unemployment. “Few economists expect a turnaround in
the battered labor market anytime soon with companies laying off thousands of
workers weekly…Still, initial requests for unemployment benefits fell to
639,000 from the previous week's figure of 670,000, the Labor Department
(fake number) said Thursday. Analysts expected a smaller drop to
650,000…Retailers report sales declines in February…GM concedes in the report
filed Thursday that it's on the edge of bankruptcy and won't be able to avoid
it unless it gets more government money and successfully executes a huge
restructuring plan…Mortgage woes break records again in 4Q. NEW YORK (AP) --
A stunning 48 percent of the nation's homeowners who have a subprime,
adjustable-rate mortgage are behind on their payments or in foreclosure, and
the rate for homeowners with all mortgage types hit a new record, new data
Thursday showed…” “The
stock market logged new multiyear lows during the session, and closed at its
worst level since the fourth quarter of 1996. Roughly 95% of the companies in
the S&P 500 finished with a loss...Though losses were broad-based,
financials were dealt the worst blow. The sector fell 9.9% with particular
weakness among diversified banks (-16.5%) and other diversified financial
services companies (-13.2%). Moody's announced it is reviewing the credit
ratings of Bank of America (BAC 3.17, -0.42) and Wells Fargo (WFC 8.12, -1.54) for possible
downgrade. Moody's lowered its outlook for JPMorgan Chase (JPM 16.60, -2.70) to negative from
stable. Sellers pushed both WFC and JPM shares to new multiyear lows…Fourth
quarter nonfarm productivity declined 0.4%, though it was expected to
increase 1.2% after the prior reading showed a 3.2% increase. The lower
reading was a result of lower economic output in the fourth quarter.
Meanwhile, fourth quarter unit labor costs increased 5.7%. Economists
expected a 3.8% increase. Factory orders for January fell 1.9% (fake number),
which is a less severe drop than the 3.5% decline that was widely expected.
The drop in factory orders reflects the retrenchment by businesses in the
wake of softer spending…” Now As The Much Greater
Depression Progresses Dow and S&P hit
12-year lows
Bernanke Arrogantly Refuses To
Disclose Which Banks Took Money Treasury secretary's choice for
deputy withdraws (only little people pay taxes so take this job and shove it
says tiny tim deputy designate) (AP) 22
Georgia legislators fail to pay income taxes... GM auditors raise doubt on viability One in 8 U.S. homeowners late paying
or in foreclosure
Citigroup stock falls below $1 a share
(AP) $$] SVG Swings to a Loss on Markdowns
Hits (at The Wall Street Journal Online) Why the Fed's TALF Is Bad for America Mortgage woes break records again in
4Q (AP) Stocks Fall Below 7,000 Again Fed Refuses to Release Bank Data,
Insists on Secrecy
PREVIOUS
(3-4-09), all news decisively worse than expected, fed beige book
outlook grim, economist outlook for recovery bleak. Celente: U.S. Has Entered “The
Greatest Depression” The spin: china bailout (the
frauds on wall street spinning/foolishly banking on china buying more
worthless u.s. paper – their domestic needs are substantial and they’re
increasing military spending by 15% as well) and high oil price suckers’ bear
market/short-covering rally to again keep suckers sucked in for their
commissions sake. The great red hope! How preposterous! Who would have thunk
it! ‘…strong gains overseas provided an excuse
for buyers to enter the fold and short-sellers to cover their positions.
Foreign indices upended their own losing streak after China announced it will
add approximately $586 billion to the fiscal spending plan it announced late
last year… According to the Fed's Beige Book, the Fed does not expect a
significant economic recovery until late 2009 or early 2010 at best
(remember, they also said no recession and now we’re in a depression).
Meanwhile, the ISM Services Index for February dipped to 41.6% from 42.9%,
indicating continued contraction for the services sector. The consensus
estimate was pegged at 41.0%. Investors and economists got a glimpse of what
may be lurking in the government's February nonfarm payroll report, which is
due at the end of the week. According to the latest ADP Employment Report,
697,000 jobs were lost in February. The consensus estimate called for 630,000
job losses…’ ‘…fed survey: economy
deteriorated in Jan., Feb. . After a dismal start to 2009, business people
see more pain ahead, expecting no improvement in economic conditions till
late this year at the earliest. Their pessimism was evident in the Federal
Reserve's latest snapshot of business activity nationwide. It showed sharp
cutbacks affecting both blue-collar jobs that once churned out construction
equipment and white-collar professionals like business consultants and
accountants. From factories in Cleveland to high-tech firms in Texas and
California, the Fed's beige book reported widespread production declines.
Services sector shrank in Feb., 5th straight month…’ U.S. private sector cuts 697,000
jobs in February
FDIC’s Bair Says Insurance Fund
Could Be Insolvent This Year The Never-Ending Bailout They Done Us Wrong: Spending Our
Way Into Greater Depression Credit concerns pound GE shares in
volatile trade
China hopes, oil's jump, both
negatives, end Wall St 5-day rout Warren Buffett's 'Fundamental Weakness' ETFs Suffer Outflows In February Celente: U.S. Has Entered “The
Greatest Depression” The D-word: The depression has become something
worse (AP) Obama Must Fire Geithner and
Summers Gold Industry Officials Warn Of
Depression Jim Rogers: Bailouts are
destroying the US Economy Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money
PREVIOUS
(3-3-09), modest losses relative to reality as bad and worse than
expected news just keeps on coming along with suckers bear
market/short-covering rallies as here into the close to keep the suckers
suckered. Defaults/delinquencies up, home/car sales down… Celente: U.S. Has Entered “The
Greatest Depression” … Helicopter
ben ‘bernanke indicated the near-term outlook for the economy remains weak.
Economists at Goldman Sachs concur; they expect the U.S. economy will fall
7.0% in the first quarter, according to Dow Jones. Despite housing
stimulus provisions, pending home sales in January declined 7.7%. The
consensus estimate called for a 3.5% decline. The data reflect the effects of
ongoing job losses, lost wealth, and weak consumer confidence. Similar
forces continue weighing heavily on auto sales. Ford Motor (F 1.81, -0.07) reported February sales
in North America fell roughly 48%, which is steeper than the 42% drop that
was expected. General Motors (GM 1.99, -0.02) reported February sales sank nearly 53%,
exceeding the 45% fall that was widely forecast. Separate reports indicated
GM's chief operating officer said that without government funds the company's
European unit would run out of cash in the second quarter. Chrysler down
44%’…
ART HOGAN SAY’S ”IT’S A TOUGH ONE”…
THAT’S A TRUE STATEMENT!
Celente: U.S. Has Entered “The
Greatest Depression” The D-word: The depression has become something
worse (AP) Obama Must Fire Geithner and
Summers Gold Industry Officials Warn Of
Depression Jim Rogers: Bailouts are
destroying the US Economy Gold has longest losing streak
since October U.S. auto sales fall as depression
deepens Blockbuster seeks debt overhaul,
shares halted MGM Mirage casino co. says it may default on debt
(AP) A Banana Republic By 2012? Change
for the Worse Obama Calls Bush On Troop
Withdrawal Plan
Geithner Says U.S. Financial
Rescue ‘Might Cost More’ (maybe he can locate the $4
trillion missing at the fed and use that) Pension (substantial funding
shortfalls) bombs going off Pennsylvania Rep. Rohrer
Introduces Tenth Amendment Resolution Previous
(3-2-09), analyst chatter: one analyst said investors just can’t take (the
wall street fraud/bull sh_) it anymore and sees 5,000 on the DOW (too optimistic);
another says worst levels not yet seen, but markets functioning…riiiiight…,
more bad economic news, dividend cuts; another says the so-called plan
changinging everyday, not stimulus but at best stabilization (doomed to
fail), unrealistic expectations (that’s realistic), talks funny
assets/accounting (that’s what helped get us here-the fraud), a world of
hurt, hope for short-covering rallies…sounds like a plan…riiiiight; another
who called the crash says worst bear market in history, if priced in gold
market has fallen 80% and more decline to come, says stimulus/stabilization
good money after bad and recipients with worst management (fraud, etc.)
should rather be allowed to fail, treasury bond/dollar bubble, u.s. stocks
still overvalued so sell, precious (money) metals and overseas markets
better; and finally, mainstream analyst says gold/bonds but no stocks. Dow industrials fall below
7,000; lowest since ‘97 Buffett says economy in shambles
losses on
derivatives contracts tied to the stock market. Banks and economy to keep bears' grip on stocks
Berkshire reports a 96 percent drop
in 4Q profit Chart of the Week: GDP Worse than
Expected (at Seeking Alpha) Time to Bury the Markets NYSE Suspends $1 Stock Price Minimum Economics of this Depression [$$] BofA Executive Got Housing Perks
(at The Wall Street Journal Online) Madoff seeks to keep NYC penthouse,
$62M in assets – Typical kike/jews Dow finishes below 7,000 for first
time since '97 (AP) The D-word: The depression has become something
worse (AP) [$$] At Merrill, Thinning Herd of
Carrion (at The Wall Street Journal Online)
AIG Will
Receive More Aid, Bigger Loss... NYSE Euronext chief gets 2008 pay
valued at $9.2M (AP) Asian stock markets tumble on
worsening US slump Sources: AIG to get up to $30B more in
Fed aid
Moody's lowers ratings on Citi's Japan operations
(at MarketWatch) Oil falls below $44 on bleak US GDP, AIG news
States' budget woes will outlast the depression
israeli media denounced for insulting the Prophet Israeli minister calls for assassination of top arab
leader justifying action to eliminate/exterminate nazionist israel/israelis
for the sake of world peace and justice as… 8 more civilians die in US drone raid Buffett Says Economy Will
Be 'Shambles' in 2009, Likely 'Well Beyond'... BERKSHIRE has
worst year... Iran says USA
planning 'long-term stay' in Iraq... Kudlow: Obama
Declares War on Investors, Entrepreneurs, Businesses, And More... Bankers: Stop
trashing us...
Wall Street slides after
CITI-government deal... Sets Single-Day
Trading Volume... STRUGGLING STATES LOOK TO
UNORTHODOX TAXES... Iran says USA
planning 'long-term stay' in Iraq... Warren Buffett Speaks: His Worst Year Ever – If you
listened to him recently (I warned you not to) you’re down another 20-30%
since his government shill/propaganda talk (did he really give away his
fortune – maybe he just decided to lose it and bring everyone with him –
senile, I say yes) r A Banana Republic By 2012?
Change for the Worse Previous (2-27-09), modest losses
relative to reality including news much worse than expected: ‘The economy contracted at a
staggering 6.2 percent pace at the end of 2008, the worst showing in a
quarter-century, as consumers and businesses ratcheted back spending,
plunging the country deeper into depression. The report released Friday
showed the economy sinking much faster than the 3.8 percent annualized drop
for the October-December quarter first estimated last month which rallied
stocks significantly to keep suckers suckered and commission dollars flowing.
It also was considerably weaker than the 5.4 percent annualized decline
economists expected’. ‘Economic data remains gloomy. Fourth quarter GDP was revised
lower to reflect an annual rate of -6.2% versus a previously estimated -3.8%.
The decrease in fourth quarter activity primarily reflected negative
contributions from exports, personal consumption expenditures, equipment and
software, and residential fixed investment’. US economy suffers sharp nosedive Economy moving in reverse faster than predicted
Moody’s predicts default rate will
exceed peaks hit in Great Depression Shares tumble across globe as
figures reveal U.S. economy shrank 6% in last quarter - the fastest rate in
25 years Regulators close banks in Illinois,
Nevada FDIC Approves ‘Emergency’ Fee on
Banks to Bolster Reserves Banks and economy to keep bears' grip
on stocks FDIC raising fees on banks, adds
emergency fee (AP) AIG talks weigh securitizing life
policies…..riiiiight!…: source BofA carries loans $44 billion above
market value Citi, U.S. Reach Accord on a Third
Bailout (at The Wall Street Journal Online)
Tax hikes are coming -- but you
already knew that Investors await Buffett letter as
Berkshire hits 5-1/2 year lows Five reasons buying a home in 2009 is
a bad idea Three Top Economists Agree 2009 Worst
Financial Crisis/Depression Since Great Depression; Risks Increase if Right
Steps are Not Taken (Business Wire) WORST MONTH SINCE 1933 Paulson Was Behind Bailout Martial Law Threat Urban
Warfare Drills Linked To Coming Economic Rage CIA Adds Economy To Threat Updates Fed Hides Destination Of $2 Trillion In Bailout Money
We Watch Now As Funds Get
Vaporized Bob Chapman | Business will go on as usual in Washington and on Wall Street — as
corrupt as ever. Moody’s predicts default rate
will exceed peaks hit in Great Depression A bigger
proportion of non-investment grade companies will go bust in the US and
overseas in the coming years than during the Great Depression, according to
Moody’s, one of the world’s foremost experts on credit. US economy suffers sharp
nosedive BBC |
The US economy shrank by 6.2% in the last three months of 2008, official
figures have shown, a far sharper fall than had previously been reported. FDIC Approves ‘Emergency’ Fee on
Banks to Bolster Reserves Bloomberg | The Federal Deposit Insurance Corp. will charge
U.S. banks a one-time assessment and increase other fees to replenish its
insurance fund, adding $27 billion in costs to an industry already hobbled by
the financial crisis. Citigroup Shares Down 36% | The
Treasury, which has provided a total of $45 billion to Citigroup, left the
door open for the bank to seek additional government funding. Previous (2-26-09), Banks
lost $26.2 billion last quarter, GM lost $10 billion past month, FDIC problem
bank list grows to 252, u.s. broke but $3.5 trillion spending plan and $1.75
trillion budget deficit, etc., ‘FDIC reported that at the end of the fourth quarter its list of
troubled institutions grew to 252 from 171 at the end of the third quarter.
The latest data indicated January durable goods orders fell a
more-than-expected 5.2%. Excluding transportation, durable goods fell 2.5%,
which was also steeper than expected. January new home sales fell more than
expected to an annualized rate of 309,000 units, which is a record low.
Jobless claims continue to rise beyond expectations. Initial claims climbed
36,000 to 667,000 from the prior week. Continuing claims came in just below
5.03 million, up from nearly 5.00 million in the prior reading’. Americans receiving unemployment top 5 million Fannie Mae seeks $15.2B in US aid
after 4Q loss $1.75T Deficit, Higher Taxes,
"Bogus" Stimulus
Obama’s Stimulus Bill is a
Banker Contrived Debt Scam Obama’s War Machine Needs $800
Billion For 2009
A $1.75 TRILLION DEFICIT...
Small Businesses To Suffer From
Obama’s Tax Hike
Obama’s Budget: Almost $1 Trillion
in New Taxes Over Next 10 yrs, Starting 2011 ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban
Warfare Drills Linked To Coming Economic Rage CIA Adds Economy To Threat Updates Fed Hides Destination Of $2 Trillion In Bailout Money
US banks post first
quarterly loss since 1990... Record Government Note
Auction; Unprecedented amount of debt... More Fraud on Wall Street New York Times | WG Trading Company and Westridge
Capital misappropriated funds from state and city pension funds, including
Carnegie Mellon University and the University of Pittsburgh. Previous
(2-25-09), suckers’ bear market/short-covering rally based on bull
s**t/jawboning alone and bad news much worse than expected into the close to
finish well off more realistic lows, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Economic/trends/demographics forecaster/analyst Harry
S. Dent says this Great Depression will bottom out
(with no cognizable uptick till) early 2020’s, unemployment 14%-17%, 50%-60%
decline in real estate values, dollar (and market) crash, etc. (close but no
cigar), is realistic and starkly dismal in light of the convergance of major
bubbles which are deflating. New b.s.
talking point the convertible preferreds (all real analysts know to treat as
converted said securities to account for dilution - and quite possibly
nationalization), and then the so-called ‘stress-tests’ for
banks…riiiiight!…read those flat lines.
Money managers accused of $550 million fraud
(Reuters) TARP Said to Be Ripe for Fraud Existing U.S. home sales, prices drop
in January Gannett slashes dividend 90 pct, saving
$325M
ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban
Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money
U.S. Consumer
Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says
depression to linger Housing Prices in 20 U.S. Cities
Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record
Slump Ron Paul Grills Bernanke: “You
Can’t Reinflate The Bubble” Stocks drop as Obama speech and
housing data weigh Gold investors make 120pc return
in four months Bailout Bank Blows Millions
Partying in L.A.
How Credit Default Swaps Brought
Down the World Economy ‘Black Swan’ Author Sees Trouble
Exceeding 1930s
Majority Of U.S. States Join
Sovereignty Movement, Assert 10th Amendment Rights New World Liberty | With the economy collapsing, it is a
very real and immediate danger that the federal government can turn into a
completely criminal and fascist government. Rahm Emanuel Doesn’t Pay Taxes,
So Why Should You? Kurt Nimmo | Don’t expect Rahm Emanuel, Nancy
Pelosi, Tim Geithner, Evan Bayh, and other minions of the elite to pay their
“fair share.” After all, taxes are for the little people. Previous (2-24-09), suckers’ bear
market/short-covering rally based on bull s**t/jawboning alone and bad news
much worse than expected, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Helicopter ben, the guy who said no recession even as now we know we were
already in one (actually depression) told by handlers to be upbeat (how ‘bout
just beat, burnt out, etc.) delivers still dire but sugar-coated for
spin/consumption testimony/b.s.. Severe contraction…as in depression;
recession/depression could end by end of year/beginning of 2010 if…and if his
grandmother had wheels, she’d be a trolley car. Ridiculous bull s**t that got
everyone here in the first place. Analyst
chatter: talk about franchise value of banks ruined if nationalized,
confidence at all-time low, end of 2010 before any recovery (if at all),
orderly process of deleveraging, on defense till trends more believable;
another-not there yet as contrarian indicators say otherwise and bearish
industry view (newsletters); another- news bad as expected but confidence
reading far worse than expected, downward momentum accelerated with
occasional relief rallies at best; Housing Prices in 20 U.S. Cities
Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump U.S.
consumer confidence collapsed this month and home values plunged in December,
the latest evidence of a deepening economic slump that will last well into
2010 and beyond. Analysts:
New Era Of Chaos Has Taken Hold A wave of economists, investors
and other financial experts issued a series of dire warnings concerning the
global financial crisis over the weekend, stating that a new era of chaos has
taken hold all over the globe. Paulson Was Behind Bailout Martial Law Threat Urban
Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money
U.S. Consumer
Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says depression to
linger Get Ready for
Mass Retail Closings Microsoft says no new cost cuts, shares hit 11-year
low Stanford a cog
in the U.S. intelligence dirty money laundering machine How the Economy was Lost Unemployment (already past 9% in reality) Will Pass 9%
This Year: NABE SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Previous (2-23-09), even the frauds on wall
street who should be prosecuted are not buying the rhetoric/b.s. which is
very, very, etc., short on detail, ie., spending money the broke u.s. doesn’t
have for bailouts, while cutting the deficit in half in 4 years,
etc.,…..riiiiiight! What economists / analysts are
saying: Zandi - rapidly eroding economy; analyst – ugly…lots of bull s**t, no
specifics/details, not pretty picture, equity holders of financials wiped out
prospectively; Financial Times Editor – markets at new lows, nationalize or
not (defacto they’re already nationalized), AIG trading at 50 cents has
received $80 billion in bailout funds and just records loss of $60 billion,
dire; bank analyst – downward pressure on financials particularly as dilution
taken into account, write-offs, more capital needed, securitization market
down, down, down and more capital necessary for writedowns; analyst – vicious
bear, no faith in government plan, dismal! . One analyst previously pointed
out there has been not one prosecution thus far and the frauds on wall street
should be prosecuted and forced disgorgement. 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. Wall Street slides to 12-year low New U.S. stake in Citigroup will not calm
realities/doubts AIG in talks with U.S. government,
sees $60 billion loss: source Pinnacle West shares fall on earnings, outlook (AP)
LaSalle Hotel shares fall on analyst
outlook (AP) Harley-Davidson shares fall on sales
worries / realities (AP) Major stock market indexes fall to 1997 levels and much
further down to go given realities Micron Tech to cut up to 2,000 more jobs
in Idaho Asian shares slump after Dow hits
1997 low (at MarketWatch) The S&P 500's Incredibly Shrinking Market Cap The more they
do, the worse it gets Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money The Great “Global Crisis of
Maturity” and the New World Order World Financial
System In A State Of Insolvency Urban Warfare
Drills Linked To Coming Economic Rage Britain faces
summer of rage Get Ready for
Mass Retail Closings Yahoo Finance | About 220,000 stores will close this
year in America. Editorials: Rewriting rules of global finance
GLOBAL
MARKETS-US stocks slide as bear grips harder, oil falls
BACK TO 1997... State sends $1
food stamp checks to 250,000... Obama pledges
to slash deficit - after increase... Rosy
assumptions... Philadelphia
newspapers' owner files for bankruptcy... AIG Seeks More US Funds As Record Loss Looms... Advisers readying
bankruptcy financing for automakers...
BANK MESS:
HSBC CONSIDERS $20B CASH CALL FROM INVESTORS... Sentiment Overview: Pessimists Increase by 18% Stocks: Horrible Start to 2008, Worse
in 2009 Ex-Senate aide charged in Abramoff scandal
THE FAILED INFLUENCE GAME: Stimulus
still aiding K Street Swiss party wants
to punish USA for UBS bank probe... Developing... Japan stocks fall after lender seeks bankruptcy
(AP) Gov't reportedly mulls dilution, more
obfuscation, and more money down the rabbit hole by taking larger stake in
Citi (AP) RBS prepares to unveil global downsizing plan
Richard Russell: Bear Market Remains in Force Summary of Global Investment Returns Yearbook 2009 The New Depression - The Lessons of
the 1930s Markets May be Said to be Oversold
(Again), But Decisive Rally Won’t Be Forthcoming as Much Worse and Much More
Selling to Come Philly newspaper owner files for
Chapter 11 (AP)
Previous
(2-20-09), stocks tumbled around the world, sending the Standard & Poor’s
500 Index to its biggest weekly drop since November, on concern the deepening
recession will force banks to seek more government aid. Europe’s Dow Jones
Stoxx 600 Index slid to a six-year low, and Japan’s Topix Index declined to
the worst level since 1984. Analysts saying impossible to predict
bottom in this dismal scenario, nationalization concerns, not bottomed yet,
new bear market lows. Art Hogan says greater than 50% is defacto
nationalization anyway and nothing left for shareholders, pricing mechanism
for toxic assets problematic along with negative capitalization ratios, new
lows in offing, gold for capital preservation along with treasuries and money
markets. Nader says depression. There’s no end/bottom in sight. One
says 2011-2014 earliest for bottoming at best and that nationalization means
politization. One analyst previously pointed out there
has been not one prosecution thus far and the frauds on wall street should be
prosecuted and forced disgorgement. 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. SELL/SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Major indexes fall more than 6 percent for week The Great Depression has Arrived-
Collapsing American Dreams Defacto if not dejure nationalization
realities hit Citi, BofA Soros sees no bottom for world
financial "collapse" Trustee: Some Madoff stock trades were
fiction Morgan Stanley offers $3 billion
broker bonuses, Wells none (Reuters) Gold Hits $1,000 Ron Paul: Stimulus “Waste of
Money” The Inconveninent Debt Gold Tops $1,000, First Time
Since March as Depression Deepens Stocks Drop Around the World;
Stoxx 600 Falls to 6-Year Low Fed
Hides Destination Of $2 Trillion In Bailout Money “…The United States
was in much better shape, economically, going into the Great Depression than
it is now. Prosperity is not coming
back to the U.S. as we know it. We are in a lot of trouble…”More Economists
Say Crisis Is Worse Than Great Depression Previous
(2-18-09), all news much worse than expected as new home starts plunge 17%
(-56% year over year), fed/bernanke downgrades economic forecast (rallied
stocks when he made same which was bull s**t then as pointed out here)
predicting reality of contraction which he says will be protracted, prolonged
and increased unemployment (9%) though reality is much worse than they’re
once again (falsely) predicting (we’re already significantly past 9%
unemployment) and as one economist points out, in an economic freefall.
bernanke’s outlook realistically dismal which sentiment is shared by
analysts/economists who envision no bottoming until well into 2010 at best
because…..this is a DEPRESSION! Previous (2-19-09), ‘Initial jobless claims totaled 627,000,
topping the 620,000 claims that were expected. Initial claims were unchanged
week-over-week, while the four-week moving average moved up to 619,000 from
608,500. Continuing claims reached record highs of 4.99 million. Economists
forecast 4.81 million continuing claims. The four-week moving average for
continuing claims stands at 4.84 million, up from 4.75 million. Jobless
claims were a drag on the January index of leading economic indicators, which
increased 0.4%, exceeding the consensus forecast of a 0.1% increase. An
increase in the money supply proved to be the main driver lifting the index,
but the increased money supply contributes to inflationary concerns. Producer
prices, which measure inflation, increased more than expected in January. The
January PPI and core PPI were up 0.8% and 0.4%, respectively.’ Philly fed
manufacturing index at 18 year low. The easiest to forecast leading economic indicator was
fudged to the upside, though still marginal, with said fake number
substantially exceeding all private forecasts (stock prices, auto, housing,
employment, etc., all down sharply in subject month…..hence, I don’t think so
and fake report). Analysts
saying stimulus plan not stimulative, specter of bank nationalization (banks
insolvent), loss of pricing power across most all industries, and then the
plethora of very bad economic/financial data with breakthrough technical
bottoms, looking for violent sell-off/capitulation to provide
minimal/short-lived bear market rallies, with some ephemeral opportunities
among defensive stock plays, ie., whole foods (pricing power), auto parts
(refurbishing old cars). One analyst previously pointed out there
has been not one prosecution thus far and the frauds on wall street should be
prosecuted and forced disgorgement. 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. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL
CAN SINCE MUCH, MUCH WORSE TO COME! Jobless Claims Hit Record High;
Inflation Jumps Dow falls to 6-year low as banks slide
Wholesale
inflation takes biggest jump in 6 months Dow Closes at New Bear-Market Low Dow Theorists spot a bear Rising debt
will overwhelm Obama’s effort to rescue the economy Bank debt trades at distressed levels
(at FT.com) 5 million Americans drawing jobless
benefits AP IMPACT: Jobless hit with bank fees
on benefits (AP) FBI tracks down Texas financier in fraud case (AP)
FBI finds Allen Stanford in Virginia
Stanford curried influence in DC:
watchdog group PC makers' shares fall on worsening
demand
BofA and Citi shares fall on defacto or dejure
nationalization near GE shares dip to lowest since 1995 Feb. could be worst month yet for
jobless claims Fitch downgrades Marriott on lodging
softness (AP) Fed downgrades
economic forecast for this year “…The United States was in much better shape,
economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know
it. We are in a lot of
trouble…”More Economists
Say Crisis Is Worse Than Great Depression Previous
(2-18-09), all news much worse than expected as new home starts plunge 17%
(-56% year over year), fed/bernanke downgrades economic forecast (rallied
stocks when he made same which was bull s**t then as pointed out here)
predicting reality of contraction which he says will be protracted, prolonged
and increased unemployment (9%) though reality is much worse than they’re
once again (falsely) predicting (we’re already significantly past 9%
unemployment) and as one economist points out, in an economic freefall.
bernanke’s outlook realistically dismal which sentiment is shared by
analysts/economists who envision no bottoming until well into 2010 at best
because…..this is a DEPRESSION!
Not Just a Few Bad Apples -
Corruption is Systemic in America Fed downgrades
economic forecast for this year Fed says US economy will get worse in
2009
Bernanke cuts growth view, considers
inflation target Hundreds seek their money as Stanford
fallout spreads HP cuts full year outlook (Reuters) UBS to pay $780M, open secret Swiss bank records
Billionaire's bank customers denied
their deposits HP profit slumps 13 pct on weak PC and ink sales
[$$] Dow ends little-changed amid
slew of grim news (at The Wall Street Journal Online) The Bull's Case for Buying Gold
...starts,
permits plunge to new record lows SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Previous
(2-17-09), modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts say not very encouraging, market saying
stimulus will not work, lots of toxic assets still out their, nothing safe in
bear market, oil to $80, gold appropriate hedge against deflation and
inflation and deserves spot in portfolios, no turnaround anytime soon, and
tough-sledding ahead. “…The United States was in much better shape, economically, going
into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know
it. We are in a lot of
trouble…”More Economists
Say Crisis Is Worse Than Great Depression Joint Chiefs
chairman calls fiscal calamity a bigger threat than any war GM seeks up to $30B in aid, to cut 47,000
jobs (AP)
GM and Chrysler seek nearly $22 billion more in aid
Stocks sink to November lows on
depression fears U.S. charges Allen Stanford with
"massive" fraud Reality about expensive, flawed, failed
stimulus drag stocks down sharply (AP) It’s
Getting Ugly: Economist Says Hoard Gold &
Scotch Paul Joseph Watson | Williams predicts hyperinflationary
depression will mean a $100 dollar bill is worth less than toilet paper. 65 Trillion - U.S.
Financial Obligations Exceed The Entire World’s GDP A “Monetary
Stalingrad” is on its way to Europe Kansas
suspends income tax refunds, may miss payroll Europe’s economic
slump deeper than expected Total desperation by frauds on wall
street. One analyst previously pointed out there has been not
one prosecution thus far and the frauds on wall street should be prosecuted.
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. Indeed, 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., so SELL /SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! GM seeks up to $30B in aid, to cut
47,000 jobs (AP) America's Insolvent Banks (at Seeking Alpha)
Gold Jumps to 7-Month High as
Investors Seek to Preserve Wealth Stocks sink to 3-month lows GM and Chrysler seek nearly $22 billion more in aid
Stocks sink to November lows on
depression fears U.S. charges Allen Stanford with
"massive" fraud Reality about expensive, flawed, failed
stimulus drag stocks down sharply (AP) It’s Getting
Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary
depression will mean a $100 dollar bill is worth less than toilet paper. 65 Trillion - U.S.
Financial Obligations Exceed The Entire World’s GDP A “Monetary
Stalingrad” is on its way to Europe Kansas
suspends income tax refunds, may miss payroll Europe’s
economic slump deeper than expected WORLD
TO STAY IN SLUMP
Previous(2-13-09), modest losses relative to reality
inasmuch as outlook remains bleak with data (though sugar-coated, inflated,
false to provide more favorable b.s. talk points) dismal as consumer
confidence down sharply ((56.2 vs. 61.2 previous, job losses continue as do
earnings declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts negative regarding level of
uncertainty, skepticism regarding more stimulus/bailout money down the rabbit
hole, longer-term considerations of deflation/hyperinflation, and
particularly the valuation of assets in any of the bailouts, etc.. Oil inventories
high but production cuts will weigh heavily later. [$$] Long-Term Dow Chart Suggests More Downside Large U.S. banks on edge of
insolvency, experts say Regulators close banks in Neb., Fla., Ill., Ore.
GOLD Separating from the US
DOLLAR-Banks insolvent Another $3T of U.S. Debt: Don't Count
on Foreigners to Pay for Our Bailouts U.S. auto suppliers
seek $18.5 billion in government aid How Banks Are Worsening the
Foreclosure Crisis Stocks fall as investors can't shake
economic woes
Huge stimulus bill only the beginning of the end,
substantial investment in Weimar dollar printing presses/operators
envisioned: Obama Will the stimulus actually
stimulate? Economists say no This is 1930 all over again and
far worse Federal
obligations exceed world GDP... Euro Zone Sees Biggest
Contraction on Record Previous
(2-12-09), suckers’ bear market rally with 200+ point upswing into the close
based on b**l s**t alone on continuing bad news including increasingly high job
loss/unemployment numbers (though vastly understated), unexpected
(euphemistic for false) +1% January retail, and leak of yet the new latest,
greatest, economic “stimulus”/subsidy, etc., so especially great opportunity
to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! 23% decrease in wealth in u.s. and much further to go. Fed
printing worthless Weimar dollars like mad (ultimately, inevitably
hyperinflationary) while treasury securities bubble gets bigger (stay
away from treasuries – TIPS/treasury inflation protected securities only). Total desperation by frauds on wall
street. One analyst previously pointed out there has been not
one prosecution thus far and the frauds on wall street should be prosecuted.
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. Indeed, 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.. Obama’s Stimulus Not Enough
to Avert Biggest GDP Drop Since 1946 Bloomberg | Obama’s stimulus plan will be
insufficient to avert the biggest U.S. economic decline since 1946 as
consumer spending posts its longest slide on record. Marc Faber: U S will default
on debt or enter hyperinflation YouTube | Mr. Faber predicts the Zimbabwe
model for the United States. Home
Prices Slide 12%, Most on Record, as Foreclosures Drain Value...
Deluge of
Financial Calamities Looming by Mid-March Retail sales rebound, jobless claims
stay high ABCNEWS:
CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before
we start hiring again'... Retail sales rise unexpectedly (false report) in
January Wells Fargo charge boosts fourth
quarter loss (Reuters) Oh yet another new mortgage plan news
is bs purported reason for spurring late suckers bear market stock rally
The Market and geithner's Empty Suit No Plan SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! Previous
(2-11-09), suckers bear market rally into the close based upon the
bailout/stimulus fairy tale. Reality speaks for itself so the following
latest news links (job loss/cut anouncements too numerous for inclusion and real
numbers/data worse than false/gov’t/shill reports) plus previous 2-10-09
assessment which follows. ‘WORST ECONOMIC COLLAPSE EVER’ In 2009 were going to see the worst
economic collapse ever, the Greatest Depression, says Gerald Celente, U.S.
trend forecaster. He believes its going to be very violent in the U.S.,
including there being a tax revolt. This DEPRESSION will last 23-26
YEARS! Government is POWERLESS! We are facing a Depression that
will last 23-26 years. The response of government is going to seal our fate
because they cannot learn from the past and will make the same mistakes that
every politician has made before them. Economic Rescue Plan: More Debt,
More Dollar Devaluation And More Government Larry Summers: Fox Guarding The
Henhouse COMEX Crash To Send Gold To
$3,000 Gold jumps 3 pct to 6-1/2 mth
high on risk aversion Highest Unemployment
in Three Decades Economic
Rescue Plan: More Debt, More Dollar Devaluation And More Government PAPER:
European banks sitting on $24 trillion of toxic assets... The Day After:
Stocks Struggle to Overcome Geithner's Stumble, RIM's Warning Why Americans Should Care More About the $2-$5T
Bailout vs. the $789B Stimulus Ireland
to take control of banks... Popular Rage Grows as Global
Crisis Worsens Previously (2-10-09) only modest drop
relative to reality as pointed out by analyst Frank Cochrane who 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. There seems near unanimity by astute
people in the know that timothy (only the little people
pay taxes) geithner is just not up to the job. Indeed, his apparent Freudian
slip “arrest it” must have been a manifestation of his guilt for purposely
evading taxes [he still after audit and before confirmation has not paid the
taxes he asserted as time-barred for collection (should have been arrested)],
and then there’s the $4 trillion missing at the New York fed (and hence his
prospective arrest), and now even more obfuscation with regard to taxpayer
funds (possible future arrest?). A career bureaucrat, one economist/analyst
points out that tiny tim geithner is not an economist and his so-called plan
is without a plan yet we’re now talking in trillions. Helicopter ben bernanke
paints realistically bleak outlook [though rosier than reality The Economist, a Widely
Respected and Authoritative Financial/Economic Publication: U.S. In
Depression, Not Recession Video:
Crash Will be Worse than Great Depression Great Recession/Depression of 2008, et seq., Worse Than
All Others IMF
warns of Great Depression Stocks Could Drop 20%, No Safe
Haven: Dr. Reality Celente Correctly Predicts
Revolution, Food Riots, Tax Rebellions By 2012 Former chief
economist: U.S. in a depression Merrill Lynch’s Chief Economist:
We’re Already In a Depression Ray Dalio: A Long and Painful Depression - Barron's
Interview Trendsresearch.com forecast for 2009 ,
job losses like mad, and don’t believe the understated unemployment rates] seems
flustered, impotent but really should allow alan greenspan his due for the
current debacle. How about charging, arresting, and
prosecuting the perpetrators of the massive fraud instead of using taxpayer
funds to bail them out (especially since they’re now buying the fraudulent,
worthless securities as well as talking funny books – they already have the
funny money being printed like mad). Especially great opportunity to SELL INTO
RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME! . UBS cuts jobs after fourth-quarter loss (Reuters)
UBS to slash more jobs after
reporting $7 billion loss Blue Chip poll cuts forecast for
second half 2009 (Reuters) GM
cuts 10000 salaried jobs, trims employees' pay Sirius
preparing possible bankruptcy filing: report Stocks sink over 4 percent on bank
plan apprehension U.S. offers $2 trillion bank plan but stocks slump GE transport unit to cut or furlough
1,550 workers Asia stocks fall amid skepticism over
US bank plan (AP) $3 trillion! — Senate, Fed, Treasury
attack crisis [$$] Foreclosure 'Tsunami' Hits Mortgage-Servicing
Firms (at The Wall Street Journal Online) Senate Passes
$819 Billion Economic Stimulus Bill Bernanke
Begins ‘Thorough Review’ of Fed Disclosure Stocks Tumble
as Bailout Plan Is Unveiled Previous (2-9-09), suckers’ bear
market/short-covering rally into the close to end mixed based on continuing bad news
including new job cuts/losses including 20,000 from Nissan, etc., so
still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS
WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Barron’s: Economist/analyst says
depression has long way to go and lot’s of prospective pain Ray Dalio: A Long and Painful Depression - Barron's
Interview . Analysts talk up adage, ‘buy on rumor, sell on news’
regarding ie., bailouts, bailouts, bailouts, with money they don’t have as
total now approaches $9.7 trillion (printing those worthless Weimar dollars
like mad, ultimately/inevitably hyperinflationary), buy gold on dips;
short-covering rally via irrational exuberance induced bailout news, downside
volatility, dilution (stock issued will dilute EPS), stimulus won’t work,
lottery stocks (financials) based on short-term blips based on b.s./bailout
news alone. Ray Dalio: A Long and Painful Depression - Barron's
Interview Financial plan won't include "bad bank":
TV One in eight lenders may fail, RBC
says One Scary Unemployment Chart Bring back the
guillotine… for bankers Geithner says
G7 should act ‘promptly’ on economy We’re moving
close to ‘a bailout-based economy’ Protectionism,
unemployment and riots as the global slump deepens Obama’s Change: Expanding
the Power of the NSC and Shadow Government Fitch cuts BofA ratings (at bizjournals.com)
House
Appropriations Chairman on Stimulus Waste: 'So What'... CBO:
Stimulus harmful over long haul... LG Elec to cut $2.2 billion costs as
recession bites (Reuters)
Previous (2-6-09), suckers’ bear market rally based on especially bad news, viz., ‘depression-battered employers
eliminated 598,000 jobs in January, the most since the end of 1974, bringing
unemployment rate to 7.6 percent, the grim figures being further proof that
the nation's job climate is deteriorating at an alarming clip with no end in
sight.’ Economy
so weak oil demand and price down but oil stocks rallied in the
alice-in-wonderland fraudulent world of wall street. 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., so especially great
opportunity to SELL/TAKE PROFITS SINCE MUCH,
MUCH WORSE TO COME! Real Unemployment Figures Double
Those Reported By Labor Department Paul Joseph Watson | 7.6% is actually over 15% - just 9%
shy of figure at height of great depression. Financial Coup d’Etat Rep. Kanjorski: $550 Billion
Disappeared in “Electronic Run On the Banks” U.S. job losses accelerate
Fed's Yellen sees dynamics similar to
Depression Regulators close 3 more U.S. banks
Consumer credit falls more than
expected in Dec. Peter Schiff: Stimulus Bill Will
Lead to “Unmitigated Disaster” Nearly 600K jobs lost in Jan.; more
pain ahead Peter Schiff: Why I'm Right About the Substantial
Further Decline and My Critics Are All Wrong There is a high chance a majority of the States within
the United States of America could file for Chapter 9 bankruptcy. There are
currently 46 states with high budget deficits, Arizona being one of them. 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., so
great opportunity to SELL INTO
RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME! Previous day’s (2-5-09) news as bad,
ie., record level monthly unemployment numbers much worse than expected
626,000, factory orders down, IMF says no breakthrough in stabilizing
financial sector, etc., but irrational exuberance on bailout talk and
prospect of not only funny money but now funny assets with proposed new
accounting rules to hide financial reality (dismal) so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME! U.S. jobless claims surge in
latest week to 626,000 Parallels With the
Great Depression Obama Warns of
‘Catastrophe:’ What Happened to ‘Hope’ and ‘Change?’
NEWS CORP loses $6.4 billion... ...writedowns GE
chief warns on USA depression threat... Watchdog:
Treasury overpaid for bank stocks... USA
Must Spend Trillions they don’t have to prevent a long-lasting
Depression'... GERMAN
BANK FIRST LOSS SINCE WWII OWING TO AMERICAN SECURITIES FRAUD DEBACLE;
REJECTS STATE AID... MCCLATCHY
reports loss on newspapers' decline, plans deep cost cuts...
Treasury
in plans for record debt sale...
Accounting rule change
for more cook the books fraud and bailout hopes spur Wall St. rally New jobless claims surge to 26-year
high Auto suppliers seek rescue as
crisis deepens Art Hogan refers to the prevalence of
bailout rhetoric, financials (among others) under pressure because there have
been twice as many downside surprises on the earnings front with either no
guidance or bad outlook, and cites new trading range for oil at $40 -
$50. Kraft, bank worries knock Wall St; Cisco hit late
Cisco outlook misses expectations
The Bad Bank
Assets Proposal: Even Worse Than You Imagined TIMEWARNER the
troubled, horribly managed media company swings to 4Q loss on hefty
writedown... UBS Boosts ‘09 Gold Forecast to
$1,000 One analyst previously pointed out there
has been not one prosecution thus far and the frauds on wall street should be
prosecuted. Indeed, 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.. Another Prominent Economist
Forecasts Depression, Says Gold To Hit $2000 Auto sales hit 27-year low US auto sales plunge 37 percent to
26-year low Motorola's woes pile up in $3.6B quarterly loss
Disney 1Q profits drop 32 percent;
shares slide Wells Fargo defends, then cancels Vegas junket
Electronic Arts posts wider loss,
huge layoffs announced, hurt by charges Fed Secretly Lends
$2 Trillion to Banksters without Oversight JAPAN: “There has never been data
this bad for any major economy - even in the great Depression”; “We are
literally looking at the unimaginable” Obama predicts more bank
failures California goes broke, halts $3.5
billion in payments Previous,
consumer spending down (-1%), manufacturing activity down, construction
spending down 5.1% and much worse than expected. Problems ahead for bonds
(currency risk, low yield, etc.) including treasuries (bubble), interest
rates prospectively higher, bad real estate market into 2010 as banks play
catch up on foreclosed properties, with top end getting hit and weaker rental
market to boot. “…The
United States was in much better shape, economically, going into the Great
Depression than it is now. Prosperity is not coming back to the U.S. as we
know it. We are in a lot of trouble…”. Personal
bankruptcies soar 33% More Economists
Say Crisis Is Worse Than Great Depression Steve Watson | Ominous headlines have prominent
analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes
dividend Factory decline, consumer spending
drops Morgan Stanley plans up to 4 percent
in job cuts Joint Chiefs
chairman calls fiscal calamity a bigger threat than any war WALL
ST ALREADY DOWN 10% FOR YEAR... Folding dealers shock car buyers with
unpaid liens (AP) GlaxoSmithkline to cut 6,000 jobs: report
The New Economic Reality …do not think we should be incurring
trillions in debt for an ill-conceived or even a properly conceived plan. We
cannot spend that much. OUR PROBLEM WAS SPENDING MORE THAN WE MADE SO THE
ANSWER CANNOT BE THE GOVERNMENT ALLOWING US TO SPEND MORE THAN WE MAKE.
Joseph Stiglitz, a Nobel laureate, can tell you better than me, and he thinks we are asking for major problems. Florida, Maryland, Utah
Banks Seized Amid Deepening Financial Crisis... Worse than the Great Depression Charts Predict: Oil May Whip
Back up to $100 Previous session, 31st u.s.
bank to fail, 6th this year, Economy's new plunge is
worst in quarter-century (AP) as GDP falls 3.8% defying
much worse/higher private/real forecasts/estimates; bad economy, bad economic
data, bad real estate market; defensive non-equity investing recommended,
ie., short-term bonds, single short ETF hedge funds, etc.. One
analyst points out there has been not one prosecution thus far and they
should be prosecuted. Indeed, 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.. GDP sees biggest drop in 27 years The Ugly Truth: The American
Economy is Not Coming Back Economy, bank woes drag market to worst
January ever Economy's new plunge is worst in
quarter-century Stocks' January drop isn't welcome
sign for 2009 [$$] January Was Dow's Worst In 113 Years (at The
Wall Street Journal Online) Economy's new plunge is
worst in quarter-century (AP) Worst
January ever for Dow, S&P 500 US Stocks Drop, Capping Market’s Worst January, on
Economy Bloomberg US Stocks Off; Financials, Industrials Lead DJIA Under
8000 MarketWatch US
Economy Will Keep Sliding After Shrinking Most Since 1982 U.S. Eyes Two-Part Bailout for
Banks 46 Of 50 States Could File
Bankruptcy In 2009-2010 Economic crisis has put the
world “on the road to serious social instability” Gold rallies 2 pct on haven
buying, hits euro high Worst
January on Record for Stocks... Previous session,
at least Obama referred to the outrageousness of the wall street perps/frauds
who created the crisis, got wealthier in so doing at other peoples
expense/damage, received taxpayer bailout funds because of what crimes they
did, and now reportedly took huge bonuses ($18 billion) for failed and
fraudulent performance; but if he thinks shaming them into better behavior is
effective, then he is a fool. One analyst points out there has
been not one prosecution thus far and they should be prosecuted. Indeed, 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.. All bad news:
all-time record continuing unemployment claims, durable goods orders down
more than expected, new home sales down record levels (-37%), banking system
insolvent, long-term treasuy bubble about to burst, DEPRESSION,
etc.; December
durable goods orders declined 2.6%, marking the fifth straight monthly
decline. Excluding transportation, orders were down 3.6%. The drop
in both readings was also steeper than expected. In other economic news,
December new home sales declined more than expected, falling almost 15% from
the prior month. The supply of new homes is at an all-time high of nearly 13
months, based on the pace of current sales. Demand for new homes remains weak
as weak labor markets limit buyers. Initial jobless claims for the week ended
Jan. 24 increased modestly to 588,000, which exceeded the 575,000 claims
expected. Continuing claims climbed to 4.78 million, which is the highest
level for continuing claims in 40 years. More Economists
Say Crisis Is Worse Than Great Depression Steve Watson | Ominous headlines have prominent
analysts spelling out disaster. Jobless Sheep Fed Reserve Fails to Reflate the
US Banking System Signs of deepening economic woes slam
Wall St.
Americans
receiving jobless benefits hits record... [$$] Ex-Merrill Executives Got Burned
by Madoff (at The Wall Street Journal Online)
Disney plans 5 pct job cuts at ABC group
US new jobless claims up,continued
claims a record Workers receiving unemployment at
25-year high
Obama calls $18B in Wall Street bonuses 'shameful’
– Is that it? Is that all there is? What about illegal as the perpetrators of
the massive fraud receive taxpayer bailout funds …for their bonuses.'
Japanese output falls at record pace
Ford posts $14.6B 2008 loss, near $6
billion loss for quarter, still won't seek aid
Merrill Lynch’s Chief Economist: We’re Already In a
Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality MURDOCH: Crisis Worsening,
'Drastic Action' Needed... Stiffed: Why are bailed-out
banks helping Pfizer buy Wyeth? Previous, suckers’ bear market
ralley based on b**l s**t alone, viz., the now fabled big bad wolf bank to
eat all the so-called toxic debt at taxpayer expense (for the economy- what a fairy tale), etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! All bad news continues: Boeing to cut 10,000 jobs, AOL 700,
Starbucks 6,700 , and on and on, the list is long, continues, and is growing,
Warning over
collapse in capital flows Telegraph | The world economy will shrink
this year for the first time since the Second World War, warns the gloomiest
forecast yet delivered by a major international institutional. MERRILL LYNCH’S CHIEF ECONOMIST: WE’RE ALREADY IN A
DEPRESSION Stocks Could Drop 20%, No Safe
Haven: Dr. Reality World growth ‘worst for 60
years’ Mass layoffs surge in 2008, continue at
rapid pace (AP) 'American consumer can no longer act as motor of global economy'... Analyst
Ciovacco sums it up thusly: …We have seen many of these bailout inspired "feel good"
days during the bear market. The market cheered the bailout out of Bear
Sterns, only to retrace all the gains while moving to lower lows. When Fannie
and Freddie were bailed out by you and me (taxpayers), the market "felt
good" only to move on to lower lows and more losses. When AIG was
bailout out by - you guessed it, you and me, it was seen as a positive.
Stocks went on to make new lows. TARP was hailed by the markets as the answer
to all our problems - stocks moved higher in anticipation, then made new
lows. When the formerly "big" three were given government loans,
the market breathed a sigh of relief - then, you guessed it, moved lower.Here
we go again. The “bad bank” is this morning’s feel good story. The futures
are higher on “speculation” the government will set up a bad bank. The
problem is a familiar one for money managers - we do not know what the rules
are and how the "bad bank" will be set up. Will it be good for
shareholders in banks? Will it be bad for shareholders in banks? We are not
sure because we have no details on the latest bailout, only speculation and a
few sound bites. The basic goal of the bad bank according to this morning’s
news reports is to "get lending going again". In an overleveraged
world, is more credit really the answer? I thought too much credit was the
problem…Previous, what are they drinking, smoking, snorting on
wall street with suckers’ bear market rally on decisively bad news; viz.,
consumer confidence at lowest level ever recorded
(37.7) Consumer Confidence Slides to
Record Low in January , 18% plunge in
home prices as per highly regarded Case/Shiller Index, Retail Federation
gives bad retail outlook, layoffs du jour galore, etc., and even as oil
plunged on the bad economic data, oil stocks rallied…riiiiight! What, they
worry…hell no…they work for wallstreet/government. They’ll still get their
commissions on the way down and maybe stick you with their over-priced dogs
as well. Same modus operandi as in January et seq, 2008 when they sucked in
the suckers who this time (fool you twice, shame on you) will deserve to be
burned for wall street commissions/ compensation/ bonuses’ sake as in the
year just passed. 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., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME! Bank bailout
could cost $4 trillion CEO confidence plunges around the globe
Consumer mood at record lows, house
prices sag
Corning slashes up to 4,900 jobs to
cut costs Moody's says could cut GE's triple-A
credit rating Target eliminates positions amid weak
sales Nation's economic mood darkens as more jobs vanish
S&P index shows plunge in November
home prices Yahoo posts higher profit but outlook
weak Yahoo suffers 4Q loss, but tops analyst views
IBM quietly cuts thousands of jobs
Economy in free fall in
fourth quarter Companies in U.S. to Slash More
Jobs, Business Economists Say military spending is crippling
america Previously, wall street frauds’ nirvana (commissioning a
large incline then decline then suckers’ bear market rally into the close
incline) at just a program loop, button push, mouse click away based on bull
s**t alone and ‘Little Shop of Horrors’ viz., wall street vegetables
clamoring ‘feed me, feed me’ with hopes for taxpayer bailout funds and
short-covering bear market rally.. Motek’s experts: One land of fruits and nuts
politician too many for a business hour; there will be no further comments
relative to Frank Motek’s knx1070am caleefornia business hour inasmuch as the
show has become a bit too parochial and limited in scope. 68,000 new job cuts this day
alone. Existing home sales on foreclosures up 6.5% so new home sellers
rally…riiiight!...Preposterous!...Leading indicators allegedly up .3%
on increase in money supply (hyperinflationary)…Riiiiight! NY
financier arrested in purported $400 million scam Reuters Job-killing depression racks up more
layoff victims Economy in free
fall in fourth quarter FANNIE to Seek
Up to $16 Billion in Emergency Treasury Aid to Stay Afloat... Gloom deepens as 75,000
global jobs go... Gold pushes
above $900 in buying spree; Yellow metal posts all-time highs in euro and
sterling... Economy in
free fall in fourth quarter Previous, mixed
finish on relatively light volume defies reality with another near 200 point
swing to the upside on suckers’ bear market rally into the close to keep
suckers suckered on decisively bad news so sell into rallies/strength/take profits/sell while you
still can since much, much worse to come. Motek experts: Art Hogan points to
volatility, lots of headwinds for market, magnitude of the worse than
expected results, doubling underestimated earnings to downside and no
guidance indicative of lack of belief in efficacy of stimulus, and lag effect
concerning stimulus which will help but not soon enough. Investment analyst
says P/E ratios for stocks much too pricey, cite S&P single digits in
milder recessions past hence way over-valued at 15 P/E now. GE
profit down 44 percent Earnings and depression batter world
stocks Britain officially slips into recession
Schlumberger 4Q tumbles; sees rough year ahead
Harley to cut 1,100 jobs as 4Q profit falls
Xerox 4Q profit plunges, misses Wall Street view (AP)
2009 Heralds “A New Age Of Rebellion”
Geithner's failure to pay taxes completely intentional
Misguided Spending Will Only Take Us Deeper Into Depression
Poor earnings, opaque forecasts weigh
on stocks (AP) Freddie Mac to ask for billions more
in funds
Freddie Mac to ask government for
another $30-$35 billion Brower Piven Encourages Investors Who Have Losses
in Excess of $500,000 From Investment in Bank of America Corporation to
Inquire About the Lead Plaintiff Position in Securities Fraud Class Action
Lawsuit Before the March 23, 2009 (Marketwire)
Capital One results suggest gloomy
2009 for credit card industry Wall Street's culture of entitlement
hard to shake “The stock market has been bluffing investors for decades.
The market's indiscernible jolts have been particularly pronounced and
painful in recent months.” Simon Maierhofer“Unprecedented” Job Cuts in
Works at World’s Largest Automaker [video] Gold Surges VIDEO: THE GLOBAL FINANCIAL CRISIS
- Montreal Lecture: The Great Depression of the 21st Century Motek experts: Discuss new
unemployment claims at 589,000 match 26 year high, 4.6 million continuing
u.e. claims, wall street strategist (actually just another wall street
fraud) thain at last minutes before BofA bailout/takeover does
compensation/bonuses/expenditures and gets axed, all-time low for housing
starts with downsides well into 2010, job losses trend to accelerate well
into second half 2009. Analyst says near term increased uncertainty, gamble,
financials undercapitalized, recommends risk adjusted/barely below investment
grade junk bund funds (high ror) and gold mining etf’s while warning
long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job
cuts and absence of forward-looking guidance. Worsening signs for Apple with
slowdown in pc sales and reliance on retail/pricing. Currency expert says
problems serious, gov’t needs to raise $2 trillion, crowd out private sector,
increase cost of money, fanny/freddy, government replacing private mortgage
lending with negative implications. Frank congratulates Paul Kangus on
Nightly Business Report 30 year anniversary where he began his business
reporting career. Just The Early
Stages of Economic and Financial Collapse Jobless claims
surge, housing starts tumble Back In Reds
After Economic Data... Bank results
plummet...
Angry customer
rammed bank with pickup... GOOGLE PROFIT SLIPS FOR
FIRST TIME...
MICROSOFT stuns
with profit miss, job cuts... Roubini:
Banking System is “Bankrupt”, “Effectively Insolvent” Previous, wall
street frauds’ nirvana (commissioning a huge decline then a huge incline) at
just a program loop, button push, mouse click away based on bull s**t alone
and ‘Little (wall street) Shop of Horrors’ viz., wall street vegetables
clamoring ‘feed me, feed me’ with high (what are they smoking, drinking,
snorting) hopes for taxpayer bailout funds and short-covering bear market
rally. 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., so great opportunity to
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME. Motek’s experts: Analyst/options/speculator talks
roller coaster ride on wall street regardless of results, banks still in
trouble with dilution via government takeovers, talks lessons…please, give us
a break…, then risky strategies, ie., risky bonds into riskier equities as if
that isn’t that how we got into the continuing mess.
Only-the-little-people-pay-taxes geithner, a co-architect of the current mess
said food lines long and getting longer even as he dodges taxes
(purposefully…after audit and as currently pending appointment, paid back
taxes but scofflawed time-barred taxes owed), while economist says geithner a
scofflaw and stimulus just more pork. Geithner was
“involved in just about every flawed bailout” of the Bush era (On capital
hill they were afraid to ask the question as to where is that
missing $4 trillion at he ny federal reserve bank which is defacto
complicity) Financial Times editor says dramatic
prospective action will be very unpleasant for shareholders. S&P 500 Q408 Earnings Now Expected to Fall
28.2% Royal Bank of Scotland
to Record $41 Billion loss, State Street
profits down 71%, Bad news across the board as Worst Inauguration Day Drop in Dow Industrial History...
Roubini
Predicts U.S. Losses May Reach $3.6 Trillion Prominent
Economist: Crisis Caused By Government Interventions Motek’s
experts: Land
of fruits and nuts actor/entertainer/speculator/sometimes
economist Ben Stein [who previously took a page out of GM’s
playbook by lambasting Fortune Magazine (you might recall some two decades
ago that Fortune warned of GM managerial ineptitude to which GM responded
with outrage and withdrew all advertising and revenue to Fortune thereby in
retaliation - if only they had listened) for saying caleefornia is number 1,
numero uno ….. as prospectively worse real estate market in the nation, the
same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market
crash, but did
correctly state fed policies hyperinflationary, and also just criticized
Shiff’s recent prognostication ( he previously had to apologize to Shiff
having done wrongly so before- his criticism of Peter Shiff for warning of this
debacle years ago). He throws out a couple of economic terms
(demand pull/cost push inflationary terms) to buttress his criticism of Shiff
but he’s just out to lunch in citing the absence of demand as militating
against Shiff’s inflationary argument since history (and even currently,
i.e., zimbabwee) is replete with examples of low demand and or impoverished
nations that have over-printed their currencies with hyperinflationary
results as will occur in u.s.). Stein should be on the Strip doing stand-up
(comedy). He is a joke!] while commenting on the inaugural
address (who cares…what do you expect them to say…all talk is cheap in
fraudulent america particularly) says in need of specifics, says because he
can’t do taxes geithner doesn’t have to, talks gov’t guarantees on loans
except for fraud, bad banks/financials, no bottom. Analyst says things getting worse not
better, bad equity ratios, banks not sufficiently capitalized, unemployment/job
losses yet to hit so worst to come. Economist says recession/depression with
500,000 job losses per month, housing/stock declines, bad bank bailouts with
taxpayer money bad idea/bad deal, hopes on stimulus. Peter Shiff says they
buy on rumor and sell on fact/reality, TARP/government spending the problem,
new lows for financials, eventual dollar collapse, bailing out/subsidizing
incompetent high paid executives, get out of any assets connected to u.s.,
buy gold. Roubini
Predicts U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may
reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent
Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in
charge. Previously, a big suckers’ depression era rally of near
200 points into the close to keep suckers sucked in while churning and
earning those commission dollars on decisively bad news (ie., circuit city
liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down
2%, cpi down .7% on lower gas/oil prices but watch for inevitable
hyperinflationary effect of worthless Weimar dollars they’re printing like
mad, Citigroup -- after
suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is
reorganizing into Citicorp and Citi Holdings—what a joke; first will focus on
traditional banking around the world, while the second will hold the
company's riskier assets and tougher-to-manage ventures; Bank of America
slides to 4Q loss; gets more ‘down the rabbit hole’ taxpayer money; how
pathetic, unemployment claims at 54,000 for week, 524,000 for
prior month, 4.5 million collecting unemployment/64% increase, foreclosures
for December up 17%/2nd worst on record and high for ordinarily slow
December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 ,
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., so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Retail sales much worse than
expected -2.7% and double (100% worse) expected decline with financial sector
usual suspects providing other dose of bad news, along with beige book which
cites weakness in all districts. Job cuts, job cuts, job cuts, and Jobs cut
work schedule with medical leave till June, 2009. Oil inventories up however
since economy is so bad demand has substantially weakened. What usually either way would have
derailed prospective nominees in past, viz., illegal nannies, failure to pay
taxes, etc., has rallied defense of geithner TAX MESS: Panel delays
hearing on Obama's Treasury choice... , the new york fed man ( Fed
Mob Boss Geithner’s Confirmation Sidelined - too n.y. jewish to fail or be
held accountable, in fairness there’s also trump and alito, and bush and
clinton, etc., all of whom seem impervious to the laws and rules of civilized
governance; owe, oh! how the mighty have fallen, including meaningfully
lawless america). Given the state of the nation, who can rationally defend
those experienced with having caused the crisis in the first instance (there
is the matter of course of campaign finance bribery). HOW ABOUT ASKING GEITHNER ABOUT THE
MISSING $4 TRILLION AT N.Y. FED BANK, WHO STOLE IT, ETC., AS A PRE-CONDITION
TO HIM EVEN BEING CONSIDERED! THROW THEM, THE FED, WALL STREET FRAUDS, ETC.,
IN GITMO; THEY’RE CERTAINLY ECONOMIC TERRORISTS, FRAUDS, THIEVES WHO’VE DONE
FAR GREATER DAMAGE TO AMERICA THAN ALL AMERICA’S ENEMIES COMBINED. Typical wall street jew madoff will just have to
suffer his bail days in his $7.5 million n.y. penthouse apartment. $700-Billion
Bailout Lacks Transparency, Accountability, Congressional Panel Says Motek’s
(Frank still out but returns on Monday, but will his program still be there after
decimating week) experts: Senile Wedbush from the land of fruits and nuts to
his credit refers to the extent financial scenario by the “D” for Depression
word (he very well may have been around to have experienced the first Great
Depression) and borrows refrain from old Springfield song of ‘ Wishin’ and
Hopin’ ’…riiiight…Start your own company, ie., apple stands (candy, caramel,
or plain); land of fruits and nuts better stick with a taco or tamale stand;
hot dog stands…riiiiight! (Previous) Hugh Johnson says earnings recession and
lots of going out of business signs. Retail analyst says lots of bankruptcy
filings and store closures particularly in select regional/female
apparel/jewelry. Hugh Johnson, analyst, says Alcoa much worse than expected a
wake up call, earnings below expectations, widespread downturn but much more
difficult to forecast than ever (welcomed obfuscation so they can talk the
talk and sucker you), oil speculators still in play, bailouts old news but
enormous deficits/problems therefrom. Investors Business Daily editor, spend
and cut taxes, TARP money not enough, $485.2 record deficit, deficits will
continue to grow, will catch up to u.s., long term better…riiiiight…how
‘bout in long term as per keynes we’ll all be dead…if you’d have listened to
equities oriented IBD you’d probably be broke by now even if you were as they
seem to presume a trader. Analyst Gabriel Isdumb says eventually things
will be better…yeah…riiiiight!…right after the depression has run it’s
course. Autonation expert says the worst
conditions he’s ever seen which
he further describes as appalling. All news bad and worse than expected (ie.,
Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion,
etc.). Former chief economist: U.S. in a depression The U.S. Economy is being
Marched to the Gallows Andrew Hughes | Predictions of hyperinflation, dollar decline
and civil unrest. No Brainer: Bankster Bailout is
Unconstitutional
Kurt Nimmo | A world system of financial control in private
hands will begin the process of delivering feudalism to the American people. The Economy Is in a Depression The
economy contracted at about a 5% annual rate in the fourth quarter. Bank of America to receive
additional $20 billion International Herald
Tribune | The second
lifeline brings the government’s total stake in Bank of America to $45
billion and makes it the bank’s largest shareholder, with a stake of about 6
percent. Counterfeiting? Bank of England
able to print money without having legally to declare it Bank of America to Get Billions
More From Treasury Washington Post | The Treasury Department plans to invest billions
of dollars in Bank of America to help the company absorb troubled investment
bank Merrill Lynch. Citigroup -- after suffering
a loss of $8.29 billion, its fifth straight quarterly deficit -- is
reorganizing into Citicorp and Citi Holdings. The first will focus on
traditional banking around the world, while the second will hold the
company's riskier assets and tougher-to-manage ventures. Bank of America
slides to 4Q loss; gets more ‘down the rabbit hole’ taxpayer money. Bernanke: U.S. Financial Crisis
Worse than Japan’s Lost Decade, but We’ll Still Copy the Japanese Playbook,
Even Though It Didn’t Work Nortel files for
bankruptcy, shares plunge , (Reuters) $700-Billion Bailout Lacks
Transparency, Accountability, Congressional Panel Says U.S. Retail Sales Decline
for a Sixth Month Dismal holidays over, but retail
outlook still dim , CITIGROUP Stock Falls Below Critical $5 Level... 'Long-term
transformation'... 'Swift decline
in America's influence'... Stocks tumble as worries
grow about banks... JPMorgan CEO predicts bleak year:
report (Reuters)
JPMorgan's chief executive predicts
that the financial crisis will worsen this year, in an interview with the
Financial Times newspaper published on Thursday. Sen Dorgan: Federal Reserve Refuses To Identify
Recipients Of 2 Trillion In Emergency Loans Throw them, the
fed, in gitmo; they’re certainly economic terrorists, frauds, thieves who’ve
done far greater damage to america than all america’s enemies combined. Our
Collapsing Economy According to the Bureau of Labor
Statistics, nonfarm payroll employment declined by 3,445,000 from December
2007 through December 2008. Marc
Faber: “I Think it Might Be Far Worse [Than the Great Depression] Precisely
Because of the Interventions” by the Government The latest edition
of Marc Faber’s latest newsletter fell off two separate trucks in my ‘hood,
and I thought the most useful bits were Faber’s observations (honed from many
years of seeing the world from Asia) that just because a market has gone down
a ton doesn’t mean it can’t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies
Fed Economists slashed forecasts for U.S. growth in 2009
and projected Federal Reserve policy makers won’t be able to start raising
interest rates until 2010, according to a monthly Bloomberg News survey
Treasury: Deficit
hits new record in just 3 months... TREASURY PICK
FAILED TO PAY TAXES Bond Bubble Looms ‘The key here is to
stay the course and not to be sucked into the hype; don’t let your eyes
deceive you. Printing money non-stop for a year (or longer, I don’t see him
stopping any time soon) will have consequences
(meaning hyperinflation/worthless dollar, etc.).’ Those commerce department
job numbers in prior months revised upwards (I warned of the falsity of same
even as wall street frauds rallied on the false data). 2.6 million
jobs lost in 2008, worst since 1945. Motek’s experts:
Financial analyst says treasuries at 0%, money markets near 0%, so seek
companies with pristine balance sheets and dividends, negative doldrums as
market (irrationally) shrugs off bad news, no magic wand from new president,
cross your fingers and hope…..riiiiight! Economist discusses jobs report, says
lagging indicator and rough time, savings up but spending down, weakness
through at least first quarter of 2010, lots of pain ahead, real estate
prices continue decline through coming year, -20% to –25% with land of
fruits and nuts in worst case scenario. Another economist also discusses
continued declines for real estate with land of fruits and nuts in worst case
camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade
long stagnation as Japan in ‘90’s. US Debt is really 53 Trillion. Can you say Dollar
Collapse then Massive Hyperinflation Coming? Roubini
Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst Now the U.S. porn industry seeks $5billion bailout
Citi, Morgan Stanley in brokerage talks;
Rubin quits
$$] Rubin Departs Citi on a Low Note
(at The Wall Street Journal Online) Agency warns on automakers' pension
funds: report Jobless rate at 16-year high as payrolls plunge
Job losses hit 2.6 million as layoff
pain deepens Wall Street falls on job woes, Citi
Stocks slide after rise in unemployment rate (AP)
Manufacturing slumps at fastest
pace since 1981 More people collecting
unemployment benefits Depression more severe than
thought: Fed’s Rosengren Horrible
data and again worse than expected but suckers’ bear market rally into the
close based on bull s**t and bailouts (with money they don’t have) provides
excuse for irrational exuberance and mixed close. Weak retail
and unemployment at 26 year high.Motek’s experts:
Analyst points to dire warnings across the board while real
estate/housing/building analyst says 2009 will be bad year with 20% declines
in real estate values as unemployment goes higher while another real estate
analyst says not a good time to buy a home. U.S. companies
face $409 billion pension deficit: study U.S. debt is losing its
appeal in China LET'S PRINT MORE WORTHLESS
MONEY! Obama Bets Big
on Big Government... Dems Raise
Doubts on Plan... A worse-than-expected ADP employment report indicated 693,000
jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early
weakness with typical suckers’ rally into the close to finish off lows. Motek’s experts: Analyst says first 5
days of trading in January, 2009 historically a bad sign, gloomy employment
scenario with 693,000 jobs lost in December, economic contraction in major
way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or
worse so tough to make bull case, defensive position, low allocation to
equities with high capitalization/consumer staples. Oil analyst points to
weak economy/jobs data, absence of leveraged money chasing oil and says $60
oil soon. Economist, part of the corrupt fed team discusses job losses. Final
expert discusses demographic trends behind and causative of cycles as 1929,
1968, and now, baby boomers, bleak outlook, economically shot their wad in
terms of ability to avoid depression. Analyst
Predicts 40% Unemployment, No Recovery until 2015 Bear rally over, the great dying begins in
corporate America Wall Street
falls sharply on employment realities, realistically bleak corporate outlooks
Budget deficit to hit $1.2 trillion
in fiscal 2009 Intel warns second time on quarter
U.S. says Madoff sent diamonds in
violation of bail Profit warnings, poor job outlook weigh on stocks
(AP) Yes, fed
now using the ‘D’ for depression word which means we’re in a depression
(after all, they were saying no recession when we were already in one). What are
they still drinking, smoking, snorting on wall street with suckers’ bear
market rally into the close. They’ll still get their commissions on the way
down and maybe stick you with their over-priced dogs as well. Same modus
operandi as in January et seq, 2008 when they sucked in the suckers who this
time (fool you twice, shame on you) will deserve to be burned for wall street
commissions/compensation/ bonuses’ sake as in the year just passed. Service sector (90% of
american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much
worse than expected. Some
reality: After a short modest rally in the stock markets, lasting at best
if at all, 1 to 4 months after Obama is inaugurated as President, people will
realize that Obama’s stimulus plan isn’t going to work. Specifically, it will
become obvious that we’re in a Great Depression, and that nothing that Bushco
or Obamaco did can get us out of it (it may take a while longer for people to
realize that what both administrations did actually made the financial crisis
much worse). At that point, the stock market
will crash like a waterfall. Mish thinks the crash will leave the S&P at 600.
Robert McHugh thinks the crash will drive the S&P to 500
or lower (in McHugh’s worst-case scenario, the S&P could end up at 50).
At around the time of the crash, the bubble in long-term treasuries will burst.
Retirees and other people who have socked away their money in treasuries will
get hit hard. The government itself will start massively buying its own
long-term treasuries. Motek’s experts: Art
Hogan in straight-shootin’ mode (as opposed to wall street shill mode)
focuses (but only briefly) on fed’s depression/deflation words, says quite
correctly that the focus has been on the cure (ie., bailouts) rather than the
illness, lots of badnews, dismal earnings, etc., only slightly better at best
in second half (I don’t think so), stay away from consumer discretionary
cos., metals higher, market may be higher at year end (not likely), but rocky
road till then (and beyond). Financial times editor says shocked by fed’s 0%
move, very scary scenario, the specter of depression/deflation looms large,
much too much optimism over Obama prospective stimulus plan. Economy in grip of recession/depression, reports show
Stocks
end higher on hopes for economic rebound Alcoa to cut 13 pct of global work force
The Secular Bear Market Continues Willem
Buiter warns of massive dollar collapse Bank Of England Policymaker Predicts Unprecedented Dollar
Collapse Car
sales plunge heralding bleak 2009 but car stocks rally; construction
numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide Stocks slip on telecom and financials; Apple jumps on
‘jobs alive’ news…riiiiight! Obama
plunges into econ talks, borrows a page from bush economic strategy of
spending money you don’t have and cutting taxes, and predicts approval
Consumer bankruptcies jumped 33% in
2008 and much worse expected in 2009 including commercial bankruptcies far
greater and larger than in 2008 [$$] Don't Get Too Happy About the New Year Check This Graph-Proof we are going into a Great
Depression. Notice MASSIVE job losses. Is there really any doubt any longer?
The Economist, a Widely
Respected and Authoritative Financial/Economic Publication: U.S. In
Depression, Not Recession Don’t
forget their 2008 talk as now for 2009. 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., so great opportunity to
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME. More dismal news for
lunatics on wall street to fraud on: ISM factory utilization index fell to
the lowest level in over 28 years. Factories
mired in worst slump in 28 years
They’re printing worthless Weimar dollars like mad for the celebrated
bailouts, bailouts, bailouts, and stimulus so stimulating. Motek’s experts:
First expert talks up superstition, the so called ‘january effect’ saying if
positive this month then the worst case scenario is –5% for DOW/S&P for
the year, so the frauds on wall street are really shootin’ for the moon
(lunatics) for the effect, still in recession but bear market rallies not bad
but not for buy and hold crowd, dump non-performers, favors medical
devices/health care related, disfavors autos/financials. Another expert who
scans/digests newsletters says market/newsletter euphoria contra-indicated,
new lows are coming, the best funds in 2008 were short or cash. News typically bad: Difficulty tracking and monitoring
bailout money…Daaaaah! Understated unemployment numbers still at
recession/depression levels (4.65 million); retail correction-bankruptcies,
closings, fewer stores. Motek’s experts:
Peter Shiff says it’s not the disease but the government cure that will kill
us, dire forecast for 2009 and beyond-inflation, companies going out of
business, commodity prices higher, world’s largest debtor america is
bankrupt, more borrowing/spending their failed prescription, bleak picture
for dollar the value of which will be halved and high probability that the
decline will be 70-90%, gold higher and $2000 gold in not so distant future,
oil much higher and $200 oil in next couple of years, stocks will continue to
decline, on the long side he favors quality EU, Asia securities and precious
metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors,
(israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas
supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand
anemic but oil price the factor. It’s time
for ben stein to resign himself to just a land of fruits and nuts
actor/entertainer/speculator as he lambasts Shiff’s prognostication ( he
previously had to apologize to Shiff having done wrongly so before- his
criticism of Peter Shiff for warning of this debacle years ago). He
throws out a couple of economic terms (demand pull/cost push inflationary
terms) to buttress his criticism of Shiff but he’s just out to lunch in
citing the absence of demand as militating against Shiff’s inflationary
argument since history (and even currently, i.e., zimbabwee) is replete with
examples of low demand and or impoverished nations that have over-printed
their currencies with hyperinflationary results as will occur in u.s.). Stein
should be on the Strip doing stand-up (comedy). He is a joke! Suckers' bear market rally into the close to keep the
suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS
THE BOARD: S&P/Case-Shiller
Composite Index, October home prices were down 18% year-over-year, the
largest drop on record. According to the U.S. Conference Board, consumer
confidence dropped more than expected to an all-time low in December AT 38%.
Record number of bankruptcies and particulary hard hit commercial sector in
coming year, ie., malls, retail, etc.. Worse stock market declines for the
year since 1931 (Great Depression) and worse to come in 2009 despite suckers’
bear market rallies to keep you sucked in. Put these wall street frauds in
jail and force disgorgement of their fraudulent gains. There are loads of
able new grads and job seekers who can take the place of the wall street
frauds who caused the crisis owing to their own avarice and continue the
coverup to get taxpayer bailout funds. The markets should be efficient and
predicated on rational valuation which is totally absent in america’s
fraudulent, manipulated markets. Absent prosecution and disgorgement in these
ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in
addition to madoff, which are just tips of the iceberg of multi-trillion
dollar frauds), america will not be worth the paper the worthless Weimar
dollars and worthless securities denominated in same are printed on.
Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal
news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth
destroyed, second-half inflation from printing worthless Weimar
dollars/stagflation; another expert, consumer has collapsed, 2009 will be very
tough year for autos; a real estate analyst says 2009 will be a very tough
year and hopefully we’ll get through this…..riiiiight!…I don’t think so…Almost
one in 10 Floridians are on food stamps Online
holiday sales fall 3 percent
Madoff liquidation trustee receives $28M for costs (AP) Charlotte, NC, home values post record decline (AP)
Wrong Great Depression Lessons Will Haunt Equities in 2009 73,000
retailers to close in first half of 2009, Stocks Rally Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and
takeovers starting next month as holiday sales are shaping up to be the worst
in 40 years There’s No
Pain-Free Cure for Recession/Depression Schiff: Government Interference Only Makes The Problem
Worse Paul Joseph Watson | Establishment talking heads still pushing
useless and destructive bailout. A
Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social
Security Ponzi scheme that has been looted (the iou’s) and is hopelessly
insolvent. This on top of previous suckers' bear market rally into
the close with 100+ point swing to the upside to keep the suckers suckered.
Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar
gains from the frauds on wall street; madoff is just the tip of the iceberg; all
news decisively bad and worse than even dismal expectations except that the
frauds on wall street continue their familiar suckers cheer for bailouts,
bailouts, bailouts so SELL INTO
STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear
market rally, his accounts 20-25% cash, can make bearish argument since still
looking at writeoffs, government still must sell bonds to help finance
bailouts, municipal bonds troublesome as iou’s might extend maturities, don’t
try to catch falling knife in this market but some high quality bonds may
offer value, dollar to take hit (they’re printing worthless weimar dollars
like mad-hyper-inflationary); Oil expert says overshot to downside and will
see turn-around in oil; U.N. Security Council condemns massacre by zionist
israel. Pros Say:
Employment Collapse is Coming Holiday Sales Slump to Force U.S. Store Closings,
Bankruptcies Manufacturing,
Home Prices Sank: U.S. Economy Preview Holiday Sales Tumble as US Consumers Reduce Luxury
Purchases Bleak
economic picture emerges from new data Retail Sales Plummet Holiday Sales Tumble as US Consumers Reduce Luxury
Purchases Bleak economic picture emerges from new data The frauds on wall street say they
are entitled to the obligatory santa claus rally and attempt to keep you
suckered in for their commissions sake with small gains on bull s**t/fraud
alone in holiday shortened light trading, but reality says every day the
market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600
on the S&P is a ‘santa clause rally, so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and
worse than even dismal expectations except that the frauds on wall street
continue their familiar suckers cheer for bailouts, bailouts, bailouts, with
ephemeral short-covering to lock in year-end gains for window dressing and
much, much worse to come. Unemployment up more than expected at
26 year high and consumer spending down for fifth month
in a row. In their typically corrupt way, scandal-scarred commerce department
provides fake data for b.s. talking points far better than private economist
estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise
inventory draw, which suggests stronger-than-expected demand for the
commodity as Department of Energy reported that oil inventories for the week
ending Dec. 19 decreased by 3.10 million barrels. Analyst:
One Third Of Banks To Collapse In 2009 U.S. Economy: Home Prices Fall At Depression Pace Recession/depression
deepens, countries boost spending Previously,
just modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and
worse than even dismal expectations except that the frauds on wall street
continue their familiar suckers cheer for bailouts, bailouts, bailouts, with
much, much worse to come. Existing home sales plunged to a rate of 4.49 million last
month, down 8.6 percent from October, and worse than economists predicted.
Total sales, not calculated as an annual rate, fell 17 percent in November
from a year earlier to 322,000, sales of newly built homes fell 2.9 percent
from October to a pace of 407,000 units, the slowest rate in nearly 18 years.
Madoff investor found dead of suicide. Standard & Poor's lowered the
unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even
though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to
Caa3. Final third quarter GDP data showed economy contracted at an annualized
rate of 0.5%, unchanged from the prior reading though personal consumption
component was down 3.8%. Motek’s experts: actor/speculator/entertainer/sometimes
economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune
Magazine (you might recall some two decades ago that Fortune warned of GM
managerial ineptitude to which GM responded with outrage and withdrew all
advertising and revenue to Fortune thereby in retaliation - if only they had
listened) for saying caleefornia is number 1, numero uno ….. as prospectively
worse real estate market in the nation, the same Ben Stein who poo-pooed
Peter Shiff’s correct prediction of market crash, but does correctly state fed
policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch
bandwagon and says only 10%, not 25% (as consensus predicts), decline
for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA;
show biz expert- strike fear; and Shreve of IBD flips yet again-if only we
were all traders…but if you had followed his every whim, only the frauds on
wall street would have made out with substantial commissions in the
ups/downs. IMF warns of Great
Depression 100% chance of depression in US Depression
Hits Detroit: Average home price $18,513 - Unemployment rate 21% U.S. Home Resales Fall; Prices Drop by Record 13.2%
Congressman: “If We’re Not Very Lucky Or If We Don’t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”
World
faces “total” financial meltdown: Bank of Spain chief Previous suckers bear market rally
into the close with 150 point swing to the upside based on bull s**t and
fraud in the inducement alone to keep the suckers sucked in and commission
dollars flowing for modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and
worse than even dismal expectations except that the frauds on wall street do
their familiar suckers cheer for bailouts, bailouts, bailouts, with much,
much worse to come. Motek’s
experts:Economist says economy in full-out recession, aggregate demand down
across the board, abusers are not lubrication for economy so should not get
bailout, another 25% down for real estate prices as foreclosures also will
continue but lower prices will eventually stimulate demand, fed focused now
on long-rates, cites housing/finance/consumer debacles and no recovery till
at least into 2010 at best (I don’t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we’re in the bust part); another cites high
redefault rate on modified mortgages and more foreclosures; auto analyst points
to Toyota showing first loss since 1941 inception, global downturn with no
nation spared, reckoning for 15-20 years of bad decision-making, 2009 very
grim, 2010 at best for even minimal improvement (I don’t think so); Online
e-commerce expert cites first flat to down year of online retail sales
growth; downgrades GM, american Express, Ford, etc.. World
faces “total” financial meltdown: Bank of Spain chief Housing
crisis worsens as economy weakens Japan recession deepens, China cuts rates
Great Recession/Depression of 2008, et seq., Worse Than
All Others AP Impact: Wall Street still
flying corporate jets; indeed, with all the bashing of auto rank and file
employee pay, the reality is that american executives, among the least able,
least talented in the world, along with fraudulent wall street are grossly
overpaid and far exceeding that of their far more able foreign counterparts
(AP) Where'd the bailout money go? Shhhh, it's a secret (AP) Housing
crisis worsens as economy weakens
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed
to modest losses relative to reality so sell into strength/take profits/sell
as all news decisively bad and worse than even dismal expectations except
that the frauds on wall street do their familiar suckers cheer for bailouts,
bailouts, bailouts. Motek’s analyst/options expert predicts controlled
bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s
credit/default rating and says GM within weeks of default. Oil analyst cites
recession, week demand, over-supply also stating storage facilities full and
resorting to offshore tankers to store excess oil. Media analyst says
economic model for newspaper/media business broken. Rogers: The Incompetent Senile
and Vegetables Have Turned A Recession Into A Depression He Saw the Crash Coming: What Gary Shilling Sees
for 2009 Yes, Shilling’s
using the d for depression word so If video unavailable, here for avi rendering SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' Previously,
recession/depression level 554,000 new unemployment claims (I’m sure in
reality, far worse but still bad) pre-Christmas so wait till the
post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek
scraping bottom of barrel for second day in a row and comes up with another
land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade
madeoff with other peoples money, poo-poos the purported amount, says market
not doing badly considering the dismal news (at least he is lucid enough to
realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600
on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and
probably far worse than reported data) and points to auto scenario, oil
plunge, and madoff fraud for doldrums. Oil analyst says pressure on
commodities generally, liquidation on expiration of January (2009) oil
contracts and liquidation of positions, but February (2009) contracts back to
$40+ rather quickly, and points to decreased current and prospective refinery
capacity on thin to low margins. A
Most Desperate Move by the Fed Dollar’s Slump Erases Months Of Solid Gains “The Biggest Bubble Of All . . . U.S. Government Debt” Video:
Crash Will be Worse than Great Depression Editorial: What ails global financial system ‘The $50 billion investment fraud to
which the respected New York financier and former NASDAQ Chairman Bernard L.
Madoff has allegedly confessed, may prove to be the paradigm for all that has
gone wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-à-vis
wall street) and professional investors in failing to spot that for at least
a decade, at the heart of his hedge fund operations, Madoff was running a
pyramid scheme. This relied on new investment funds to pay out market-beating
returns to existing investors…..’ THIS
IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE
TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW
BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL
S**T AND FRAUD! U.S.
Records Huge Current Account Deficit Fed unleashes
greatest bubble of all Canadian Prime Minister Stephen Harper believes a
depression is COMING Peter
Schiff new VIDEO on the Coming Collapse Dec 16 Swiss gold bullion in huge demand as trust in banks
dives Goldmine
Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in
bonuses to its City workers. Dollar Falls Most Against Euro Since 1999 Debut on Fed’s
Rate Dollar Declines to 13-Year Low Against Yen After Fed
Rate Cut Federal
spending soars 25% -- even before bailout... Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for
November declined 18.9% from the prior month to an annualized rate of 625,000
units, which was below the consensus of 736,000 and are 47% below the
year-ago level, fed desperation (they don’t know what they’re doing –
remember their pronouncement -no recession- when we were already in one), Weimar
dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell
into these suckers bear market rallies/strength/take profits while you can
since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor
conditions and declining consumer spending, business investment, and industrial
production, and the outlook for economic activity has weakened further”, F. William Engdahl “The US economy is in a depression free-fall of a
scale not seen since the 1930’s”, Kellner cites
‘helicopter ben’ (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no
recovery for economy, hope is that second half of 2009 is better than first
half (NOT!), cites lost decade in Japan with 0% interest rates, negative
growth through fourth quarter 2009, longest recession (depression) in modern
times, market hopefully better in second half of 2009 anticipating better
2010 (NOT!), bottoming of energy/commodities, worth looking at consumer
goods/staples focused on what you need versus what you want; economist points
to bankruptcies up, housing starts down; Zandi
of Moody’s says not getting better but worse, most credit card holders will
not benefit from rate cut; currency expert says
interest rate cuts increasingly irrelevant, fed buying bonds driving asset
prices higher and displacing private sector with prospectively negative
results; and finally, Peter Shiff cites fed action as irresponsible,
destroying value of money, bear market, money not worth anything, negates any
rise in paper dollar-denominated securities (SELL), says buy gold because of
u.s. hyperinflation. Previous, news worse than bad and to get much worse but
full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take
profits manifests and will worsen Citadel suspends redemptions from two
hedge funds
Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon
to Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report ,
forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg
, forget declining retail sales Retail
sales post big drop in November , forget the $1
trillion record budget deficit , trade deficits, worthless fraudulent
securities, lower earnings/guidance/outlook, the topic (b.s. talking point)
de jour for the lunatic (yes, full moon) frauds on wall street is bailouts,
bailouts, bailouts (not to mention there’s no real money to pay for same –
print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation – even now despite fake reports and worse
to come), and from well respected wall street fraud madoff, "it's all
just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions
about SEC (AP) and
even bigger questions about fraudulent wall street and their
washingtonian/federal/state facilitators. Builders
sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems
with meeting redemptions and paraphrases J.P. Morgan’s immortal words
concerning investing by saying as is particularly relevant now, It’s not
return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'
. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it’s the prospective
bailouts/spending programs with money that does not really exist
(print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole
3) While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month:
Report , America Has No Means to Recover from a Depression FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions of
dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and
decreased costs attendant to same especially since only AN EXTREMELY Small
Fraction Of What wall street Does Is A Net Positive For The Economy (New
Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are
actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? 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., so
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble)
posits… 585 on the S&P 500 (versus today's frothy 879) There is more
hurt in store for the U.S. equity markets. If you are still thinking of
riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get
much worse but full moon manifest on lunatic asylum for the criminally insane
wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take
profits manifests and will worsen Citadel suspends redemptions from two
hedge funds
Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon
to Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: forget the layoffs Coming soon to U.S., 1 million
jobs lost every month: Report , forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg
, forget declining retail sales Retail
sales post big drop in November , forget the $1
trillion record budget deficit , trade deficits, worthless fraudulent
securities, lower earnings/guidance/outlook, the topic (b.s. talking point)
de jour for the lunatic (yes, full moon) frauds on wall street is bailouts,
bailouts, bailouts (not to mention there’s no real money to pay for same –
print/create more worthless Weimar dollars – hyperinflationary – even now
despite fake reports and worse to come), and from well respected wall street
fraud madoff, "it's all just one big lie" and that it was "basically,
a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions
about SEC (AP) and
even bigger questions about fraudulent wall street and their
washingtonian/federal/state facilitators. Builders
sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems
with meeting redemptions and paraphrases J.P. Morgan’s immortal words
concerning investing by saying as is particularly relevant now, It’s not
return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'
. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers
bear market rally was/is based on bull s**t alone; namely, now it’s the
prospective bailouts/spending programs with money that does not really exist
(print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole
3) While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth
Is Here , Coming soon to U.S., 1 million
jobs lost every month: Report , America Has No Means to Recover
from a Depression FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2
trillion during 2008: Zillow Homes in the United States
have lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to
the wall street frauds, the level and percentage of which MUST be examined in
light of computerization and decreased costs attendant to same especially
since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net
Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are
actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? 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., so
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble)
posits… 585 on the S&P 500 (versus today's frothy 879) There is more
hurt in store for the U.S. equity markets. If you are still thinking of
riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous
session, modest decline relative to reality so still great opportunity to
sell/take profits since much, much
worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28%
increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many
other prospective job cuts announced, economic group changes previous
forecast to worse/long recession, Bernard Madoff arrested over alleged $50
billion fraud Madoff told senior employees of his firm
on Wednesday that "it's all just one big lie" and that it was
basically, a giant Ponzi scheme (the fraudulent wall street story
in a nutshell) , BANK OF AMERICA to cut 35,000
jobs... ,
...final could be
higher , Shocking but
true claim: Most big banks 'bankrupt'... , New unemployment claims surge unexpectedly ,
Ron
Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of
the automaker bailout debate, Ron Paul took the opportunity on the House floor
yesterday to remind Congress that the real culprit behind the financial
crisis is the Federal Reserve, and that allowing the Fed to continue to print
money without audit will only prolong the pain. , US budget
deficit to reach USD 1 trillion , Jim
Rogers calls most big U.S. banks “bankrupt” Jim Rogers, one
of the world’s most prominent international investors, on Thursday called
most of the largest U.S. banks “totally bankrupt,” and said government
efforts to fix the sector are wrongheaded. CORRECTED -
CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge , German
FM criticises Britain’s ‘crass Keynesian’ policies: report and read again previous session, forget the layoffs Coming soon to U.S., 1 million
jobs lost every month: Report , forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg
, forget declining retail sales Retail
sales post big drop in November , forget the $1
trillion record budget deficit , trade deficits, worthless fraudulent
securities, lower earnings/guidance/outlook, the topic (b.s. talking point)
de jour for the lunatic (yes, full moon) frauds on wall street is bailouts,
bailouts, bailouts (not to mention there’s no real money to pay for same –
print/create more worthless Weimar dollars – hyperinflationary – even now
despite fake reports and worse to come) , suckers
bear market ralley to keep the suckers sucked in so great
opportunity to sell/take profits
since much, much worse to come! This suckers
bear market rally is based on bull s**t alone; namely, now the
prospective bailouts/spending programs with money that does not really exist
(print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole
3) While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth
Is Here , Coming soon to U.S., 1 million
jobs lost every month: Report , America Has No Means to Recover
from a Depression (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and
decreased costs attendant to same especially since only AN EXTREMELY Small
Fraction Of What wall street Does Is A Net Positive For The Economy (New
Investment Capital via, ie., ipo’S), The Rest Is Tantamount
To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and
earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the
perpetrators of the massive securities fraud are actually going toward
multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and
forced disgorgement and preposterously getting taxpayer dollars? 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., so
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble)
posits… 585 on the S&P 500 (versus today's frothy 848) There is more
hurt in store for the U.S. equity markets. If you are still thinking of
riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous,
modest decline relative to reality so still great time to sell/take profits since
much, much worse to come. Wall Street stung by risk-aversion and
realistically bleak outlooks , Point of no return: Interest on T-bills hits zero
, Tightening Budgets Mean a Rough Ride for IT
, FIRST TIME:
Treasury Bills Trade at Negative Rates... . Previous, suckers
bear market rally based on bull s**t alone; namely, now the prospective
bailouts/spending programs with money that does not really exist
(print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole
3) While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth
Is Here , Coming soon to U.S., 1 million
jobs lost every month: Report , America Has No Means to Recover
from a Depression (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and
decreased costs attendant to same especially since only AN EXTREMELY Small
Fraction Of What wall street Does Is A Net Positive For The Economy (New
Investment Capital via, ie., ipo’S), The Rest Is Tantamount
To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and
earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the
perpetrators of the massive securities fraud are actually going toward
multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and
forced disgorgement and preposterously getting taxpayer dollars? 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., so
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits…
585 on the S&P 500 (versus today's frothy 848) There is more
hurt in store for the U.S. equity markets. If you are still thinking of
riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous
suckers’ bear market rally on far worse than expected and particularly
significant bad news provides great opportunity to sell/take profits,
especially considering fraudulent wall street’s previous modus operandi to
keep suckers sucked into this market and their commission dollars flowing,
suckers’ rallies into the close, reassuring rallies prior to weekends as this
despite unexpectedly bad news as today, etc., which frauds perpetrated the
yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in
foreclosure,15 year high for unemployment at 6.7% even as many no longer
looking with things so depressed and worse to come in ’09, record level
deficits both trade and particularly budget with money not there being spent
with abandon (worthless Weimar dollars being printed created like mad which
is and will continue to be hyperinflationary regardless of the current fake
reports). Motek has actor/speculator/entertainer/sometimes economist Ben
Stein points to loans in foreclosure hitting new records, paulson misconduct,
lack of oversight/accontability in bailout funds, and the seriousness of the
crisis, but his pointed barbs seem fleeting and is most memorable by his
somewhat blind adherence to policy as indicated by
his criticism of Peter Shiff for warning of this debacle years ago.
Motek’s oil analyst says economy so bad that oil demand down, significant
recession in 2009, and hedge funds liquidating positions putting pressure on
oil prices. Finally, Motek elicits from Peter Shiff that jobs created are
being destroyed as fast, phony jobs, bear market and government making worse
by digging deeper hole, phony (worthless Weimar) dollar rally provides
opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS
SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH,
MUCH WORSE TO COME. 3 Tell Tale Signs Of This Sucker Rally ,
Half-million jobs vanish as economy deteriorates
(AP) , Job losses worst since 1974 Employers cut 533K jobs in Nov.,
most in 34 years , Late mortgage payments and foreclosures hit record
, 1 in 10
homeowners behind on mortgage payments, or in foreclosure...
, Wall St financiers party
like there's no tomorrow -- literally WHERE ARE THE CRIMINAL PROSECUTIONS AND
DISGORGEMENT? It’s been wall
street frauds’ nirvana (commissioning a huge decline then a huge incline) at
just a program loop, button push, mouse click away. Previous
session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO
SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH,
MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic
of 2008 now preparing current prognostications for 2009 which will bear the
consequential follow-up title to the Panic of 2008; namely, The Collapse of
2009, further stating there’s nothing they’ve done or prospectively can do to
avoid the complete economic/financial collapse in the u.s., the seeds for
which have already been sown, good money after bad notwithstanding, the die
having been cast. All
business/financial/economic news decisively bad; 26 year high for jobless
rolls, orders to factories down sharply, job cuts current and prospective up
sharply. Motek expert comments on auto bailout saying no new
concesions with UAW cuts merely cosmetic, just down payment on failed
business model/scenario, bankruptcy necessary as costs too high, and on
economy says nation to go deeper into recession owing to intactable
structural problems; i.e., deficits, etc.. Another Motek expert says
very negative economic environment, sees deepening of more prolonged
recession, discusses risk tolerance in such an environment recommending highest
quality debt instruments but does note risk premium in lesser quality
instruments. Food stamp use up 17% to 1
in 10 citizens, bankruptcies soaring, and re-default rates on mortgages
rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks , Long
Term Investors Should Avoid Leveraged ETFs , Fixing
the Enron Economy , US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? , Prepare
For Depression Level Unemployment , Record
number of Americans using food stamps: report , Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come
Out Of Our Pockets , Corporate
Debt Protection Costs Climb Amid Depression Concern , Shoppers ready to
call it quits MarketWatch | More than one-third of consumers chose not to shop at all last
month, except on Black Friday, according to Britt Beemer of America’s
Research Group. Lawsuit
claims Citigroup was running a “quasi-Ponzi scheme” Bloomberg | Citigroup Inc., the second-biggest U.S. bank by
assets, was accused in a lawsuit of repackaging unmarketable collateralized
debt obligations it held and re-selling them to itself in order to hide its
exposure to the securities. WHERE ARE THE CRIMINAL
PROSECUTIONS AND DISGORGEMENT? Previously, suckers’
bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge
decline then a huge incline) at just a program loop, button push, mouse click
away. Indeed, all news still realistically and
decisively (and some deceptively otherwise spun to keep suckers suckered) bad:
A
Bleak Outlook: Nov. Job Loss at 250,000, Economic Weakness ,
US, China
currency clash over worthless american currency... , 61%
oppose auto bailout ,
Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)
, Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers’
bear market rallies on bad news are at best wishful thinking and not
sustainable along with realistically dire outlook. Motek
expert says market for speculators/traders and points to volatility index
while failing to point out that there are very, very few successful traders.
[Close inspection of the data in past times
far better than now (now we see insurmountable trade/budget deficits, lack of
manufacturing base, global antipathy, etc.) disavows such heavily promoted
failed strategies as dollar-cost averaging where stocks prices remain
artificially (now fraudulently) high for far longer periods of time than
lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being
ie., dollar-cost averaging in declining markets, but only when analysis
indicates under-valuation in prospective terms which is certainly isn’t the
case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful
commissions to the wall street frauds, the level and percentage of which MUST
be examined in light of computerization and decreased costs attendant to same
especially since only AN EXTREMELY Small Fraction Of What wall street Does Is
A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are
actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? 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., so
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble)
posits… 585 on the S&P 500 (versus today's frothy 848) There is more
hurt in store for the U.S. equity markets. If you are still thinking of
riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of
Bailout Funds... Previous suckers’ bear market
rally in the last minutes of the close on bad news with wall street frauds’ nirvana (commissioning a huge
decline then a huge incline) at just a program loop, button push, mouse click
away. Indeed, all news still realistically and
decisively (and some deceptively otherwise spun to keep suckers suckered)
bad: GE lowers guidance but maintains dividend , November US auto sales drop to 26-year low
, Data signal
deep global downturn Financial Times , US
manufacturing hits 26-year low: ISM . How are these frauds not being
prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? 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., so
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble)
posits… 585 on the S&P 500 (versus today's frothy 848) There is more
hurt in store for the U.S. equity markets. If you are still thinking of
riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of
Bailout Funds... , Governors to Seek Up to
$100B in Social Aid... ,
Feds to expand rescue;
reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs
'exit strategy'... , Metal prices fall further
than during Great Depression... , they’re printing and
spending worthless Weimar dollars and taxpayer funds like mad because they
are mad as in crazy, incompetent, etc.. Previous session sees modest drop relative to
reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME],
particularly when you factor in the reality that the prior 5 day rally of
1,300 points into the last trading week of the month (much like the end of
the prior month) based on bull s**t alone was a typical fraudulent wall
street programmed trade fraud to window dress the monthly numbers and keep
suckers sucked in (and besides, they’ll get their commissions again on the
way down). Upon the formal announcement that we’ve been in recession since
DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say,
“REALLY!” [this site has reported/predicted this (these) debacle (s) for far
longer and in advance of same, including this recession/depression]. The
protracted reluctance (election year expedience) for some to use the
R(ecession) word, spun in the most positive way is to say it is because this
scenario is far worse than even would befit the D(epression) word in light of
the fact that the u.s. like never before in its relatively short history is
broke in every way. If you’ve been suckered, it’s not all your fault inasmuch
as the enablers (politicians, economists, financial experts, news/media,
etc., in receipt of substantial largesse from and) of these vegetable garden
(poison ivy league schools, these “elite” clubs/frats, etc.) products (vegetables who not only have never done anything
requiring skills or measurable results, but merely are master bull s**t
artists and as in the case of wall street, criminal frauds) are similarly
incompetent, corrupt/venal. After all, how are these frauds not being
prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? 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; and 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.. Motek’s expert cites retail liquidation prices (none to minimal
profits, at best), inevitable GM bankruptcy, fed programs done with money out
the door to little or no effect and now talking new programs…riiiiight…or,
with rate at 1%, more rate cuts…riiiiight, big shake-out to come, credit-card
co’s to pull back $2 trillion to survive what’s coming, retailers with big
real estate exposure bust, and market will test lows then break through said
lows to the downside. There was in addition to the ‘recession’ announcement
more dismal news with construction down 1.2% and the supply/management
manufacturing index at 26 year lows. I derive no pleasure in being a
harbinger of bad but true news but reiterate SELL
INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT
OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble)
posits… 585 on the S&P 500 (versus today's frothy 816) There is more
hurt in store for the U.S. equity markets. If you are still thinking of
riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Dow plunges on news recession began in Dec. 2007 (AP) , Down we go again: Fourth-worst drop ever for Dow , Recession
declared; Wall Street tanks , Fourth-worst
drop ever for Dow AP… as wall street snapped out of its daydream of a
rally and once again faced the harsh reality… Report
Concludes Recession Began A Year Ago | But the White House and the
corporate media consistently continued to state otherwise. Previous session, this suckers’ bear market ralley remains
an especially great opportunity to sell/take profits while you still can
since much, much worse to come (sell into purported strength which is just
more bull s**t for prospective churn and earn fraud – they’ll get those
commissions again on the way down) IMF
economist says worst of crisis to come: paper 'Crisis
Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff
Sees Much More Pain Ahead and
this suckers’ bear market rally was based upon nothing related factually to
finance/economics/business. How are these frauds not being prosecuted
and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall
street frauds’ desperation linked to their substantial crimes and booty which
must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved and 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., SO
SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN
OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE
TO COME. Indeed,
all news still realistically and decisively (and some deceptively otherwise
spun to keep suckers suckered) bad: SO SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE
SINCE MUCH, MUCH WORSE TO COME. IMF
economist says worst of crisis to come: paper . Indeed, all news still realistically and
decisively (and some deceptively otherwise spun to keep suckers suckered)
bad: Biggest runnup in stock prices since 1932 and most know what
happened to stock prices for over a decade thereafter (and america was not
broke in every way as now), Ghost malls cropping up with retail
closures/bankruptcies, as predicted by trendsresearch.com [CELENTE
CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being
accurate in the past, says that America will cease to be a developed nation
within 4 years, crisis will be “worse than the great depression.”] , Motek expert from the land of fruits
and nuts, the senile wedbush (if you had listened to his prior
prognostications/recommendations several months ago said suckers might be
wiped out by this day) lauds the bailouts (money u.s. doesn’t really have and
taxpayer money the frauds shouldn’t get) and the b.s. talking points thereby
but says workout much longer, while retail expert points to liquidation
prices (but fails to even mention lack of profits thereby), and poverty now
spreading to suburbs. Financial Disaster Will Lead to
Civil Disorder in 2009 or 2010, Says Secret Citibank Memo An
internal memo from a top Citibank analyst reveals what the banks really think
about the global financial situation, and the outlook is grim. Citigroup Should Be Held Accountable
Bloomberg Food Prices Will Rise, Causing
Export Bans, Riots Bloomberg Rubin Clones and Other Fakers: The
Obama “Dream Team” Citigroup says gold could rise
above $2,000 next year as world unravels US debt triggered global crisis ‘Encouraged by a wicked wizard,
Greenspan, Bernanke toils at his Weimar dollar printing press’ . Consumer spending
down (-1%), consumer sentiment down, durable goods orders down (-6%), home
sales/prices down to new lows and high supplies, yet suckers’ bear market
market rally of 400+ points into the close nostalgically based (which got
investors burned in the past) on bull s**t alone (i.e., more bureaucrats on
more painels as per President-elect, etc.) and the so-called thanksgiving
holiday rally. $600 billion plan to support housing lending ultimately hyperinflationary.
New unemployment claims at recession level 529,000 for the week ended Nov. 22
yet unbelievably lower than private economist estimates. October durable
goods orders plunged by a larger-than-expected amount, Chicago manufacturing
in November contracted the most since 1982 according to a regional survey,
and consumer confidence dropped to a 28 year low in November, according to
the University of Michigan. One Motek expert in a nearly senile market moment
cites pleasant market surprise (reality dictates otherwise) but in a lucid
moment concedes lengthy period to work out (substantial) problems, while
another expert (currencies) cautions the unintended consequences of
creating/printing/flooding the markets with worthless (Weimar) dollars (a
policy choice of inflation over fear of deflation) and the dollar devaluation
and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank
Safe? (at Seeking Alpha) , Consumers cut spending , Stocks on win streak amid more bad
economic news , Cisco plans 4-day shutdown to cut costs , October home sales fall sharply
(Reuters) . The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain, will continue to 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., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH
WORSE TO COME. Federal deficit could hit $1 trillion this year
, FDIC's list of 'problem' banks swells to 171 (AP)
, Dollar falls on realistically discouraging u.s.
economic data (AP) , Third
quarter real GDP was revised to a 0.5% annual rate of decline from a
previously reported 0.3% rate which had rallied stocks and, only in the
fraudulent world of wall street, rallied stocks again though worse than
expected Economy shrinks at fastest pace in seven years, Third quarter personal consumption expenditures were
revised to a worse than expected -3.7% from -3.1%, which rallied stocks …..
riiiiight! , Consumer confidence remains at an extremely depressed
state despite fake numbers ,The
S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over
year — most on record. 'Crisis
Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff
Sees More Pain Ahead Crisis
Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain
Ahead VIDEO Previously,
from the outset the wall street frauds were again determined to keep the
suckers suckered with a near 500 point rally into the close. Existing home
sales down 3.1% and much worse than expected. Motek’s expert Peter
Shiff correctly points out that the so-called policy-makers, economists,
etc., don’t know what they’re doing, that they can’t borrow (or print
worthless Weimar dollars) and spend (money they don’t have) their way out of
this debacle, that the bailout funds are merely providing undue bonuses/compensation
for failed (and fraudulent) performance, that crisis will be exascerbated
with (unavoidable) hyperinflation (inevitable thereby owing to
crashing/worthless Weimar dollar) and ultimately even deeper/worse/more
protracted economic decline, that auto industry is over-paid (especially
relative to competition, legacy/pension costs, etc.), and importantly, the
government has no money so they either have to borrow or print same which
will make the economy much worse. Cost
of Bankster Bait and Switch Now $7.4 Trillion Another expert says quick bankruptcies would have been
the preferred course for optimal results, while another emphasizes quite
correctly that the so-called experts/team now
cheered (wall street frauds’ b.s. talking/rallying point) are those whose
experience is having created the very problems they are now called upon to
solve (hence, cover-ups, etc., but ineffectual). [Good management dictates
that a clean sweep was warranted]. Realize that the products of the vegetable
gardens (the poison ivy league schools producing these vegetables) are
vegetables who not only have never done anything requiring skills or measurable
results, but merely are master bull s**t artists and in the case of wall
street, criminal frauds enabled thereby. Downey Savings taken over by regulators [ Colossal
Financial Collapse: The Truth behind the Citigroup Bank “Nationalization” ]
over the weekend. Obama’s
Economic Foxes To Guard Financial Henhouse Today President elect Obama
officially introduces his economic team to the world. What many may fail to
recognize however is the fact that those tasked with rescuing the economy are
the very people who helped create the financial crisis in the first instance. CELENTE
CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul
Joseph Watson | Trend forecaster, renowned for being accurate in the past,
says that America will cease to be a developed nation within 4 years, crisis
will be “worse than the great depression.” Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these
frauds not being prosecuted and forced disgorgement and preposterously
getting taxpayer dollars? The lunatic wall
street frauds’ desperation linked to their substantial crimes and booty which
must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved and 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., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE
SINCE MUCH, MUCH WORSE TO COME. IMF
economist says worst of crisis to come: paper . Previous, suckers’ bear market rally was
based upon nothing whatsoever relevant to finance/economics/business , yet
again the wall street frauds were determined to keep the suckers suckered
through the weekend with a near 600 point rally into the close. All news was
decisively bad Federal regulators shut 2 California thrifts
and though
looking for a reason to rally, they found none because there are none HU: World economic
situation 'grim'... , based on valuation and prospective substantial
deterioration in economic conditions exascerbated by their massive fraud; but
the invented reason for the suckers’ rally was the appointment of Geithner, a
quintessential bureaucrat ultimately dependant upon other bureaucrats who are
dependant upon the very corrupt monied interests/frauds (and their lobbyists)
who created (through their crimes) the current financial crisis. Moreover, as
head of the N.Y. Fed he is no stranger to cover-ups/bailouts in light of the
missing/unaccounted for $4+ TRILLION at the N.Y. Fed $4
trillion plus is missing through U.S. federal agency accounts managed by the
NY Fed. Renowned economist Mikhail Khazin :
U.S. will soon face second “Great Depression” , Grantham
(who called the bubble) posits… 585 on the S&P 500 (versus today's frothy
852) There
is more hurt in store for the U.S. equity markets. If you are still thinking
of riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 The lunatic wall
street frauds’ desperation linked to their substantial crimes and booty which
must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved and 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., so great opportunity to sell/take profits while you can since much, much
worse to come. Leading economic indicators fall again a
more than expected .8%, new claims for
unemployment a high more than expected 542,000 while continuing claims at
4,000,000 a 16 year high and more than expected, Philly
Fed Index down to a worse than expected –39. Jobless Claims Hit 16-Year High,
Above Forecast Congress extends jobless benefits; stocks fall 400
World stocks down amid reality of deep recession
(AP) CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being
accurate in the past, says that America will cease to be a developed nation
within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year
Banking crisis
claims more u.s. victims How are these frauds not being prosecuted
and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall
street frauds’ desperation linked to their substantial crimes and booty which
must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved so sell into rallies/strength/take profits while
you can since much, much worse to come. Previous session,
modest losses relative to reality to keep the suckers’ suckered especially in
light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since
much, much worse to come. Housing starts
down a record 38%, building permits down 14.5%, and outlook grim. Motek’s
expert discusses 30 reasons for Great Depression 2 by 2011 citing completion
of first wave of the meltdown-dot.com bust, second wave-sub-prime debacle,
and the on-going climactic financial/economic meltdown pointing to the 42,000
lobbyists, autos, etc., saying they just don’t get it, while another expert analyst
says new lows across the board having broken through support levels. Motek’s
p.r. expert says auto execs flying to d.c. in private jets to beg for
taxpayer money bespeaks their stupidity, and his travel expert discusses the
newly value-conscious consumer. Fed
sharply lowers forecasts, hints of rate cut which ploy previously sparked
b.s. suckers’ bear market rallies based upon nothing at all but reality says
with only a point to zero and much worse to come is just plain b**l s**t .
Deflation: Here, Now I’ve been
warning of deflation for some time. Specifically, I predicted 1 1/2 to 2
years of deflation, followed by hyperinflation. Well, deflation is here.“Slush fund” … “Banana Republic”
… “Keystone Kops.” Technical Economic Indicators
Worsening Again Deflation: Here, Now I’ve been warning
of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of
deflation, followed by hyperinflation Previous suckers’ bear market rally into the close
with 300+ point swing to the upside [wall street frauds’ nirvana
commissioning a huge decline then a huge incline just a program loop, button
push, mouse click away] into the close to keep the suckers suckered as the lunatic wall
street frauds’ desperation linked to their substantial crimes and booty which
must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved and 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., so great opportunity to sell/take profits while you can since much, much
worse to come. Homebuilder reality-based sentiment index plunges
to record low Economy so bad commodity prices
plunge along with PPI. Grantham (who called
the bubble) posits… 585 on the S&P 500 (versus today's frothy 859) There is more
hurt in store for the U.S. equity markets. If you are still thinking of
riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically
optimistically, minimum 14 month recession The Great Depression of the 21st Century: Collapse of the
Real Economy “The Dollar Standard Is Coming To
An End” Financial Crisis Tab Already In The Trillions... Busted
in Washington Housing starts expected to hit
half-century low Washington
is Powerless to Stop the Coming Economic Depression Whitehead
sees slump worse than Depression Dollar’s Days Numbered, Buy Commodities: Jim Rogers
America’s economic crisis is beyond the reach of
traditional solutions U.S.
Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), (Soros says deep recession inevitable, depression likely ),
CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being
accurate in the past, says that America will cease to be a developed nation
within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year
Banking crisis
claims more u.s. victims How are these frauds not being prosecuted
and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall
street frauds’ desperation linked to their substantial crimes and booty which
must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved so sell into rallies/strength/take profits while
you can since much, much worse to come. 53,000
layoffs from Citigroup, and many more announced and may more to come from a
multitude of companies to yield predicted 8-10% unemployment
(conservative-some higher). Motek in a somewhat philosophical mood cites blue
chips as cow chips (cow pies, manure, etc.), while his expert joins the
metaphysical fray quoting ‘to save man from his folly is to people the world
with fools’ and goes on to say everything looking bad, things are not good,
how long the deep recession-don’t know, not there yet; while another expert
says things have gone from bad to worse. Indeed, one expert says US To Lose Its ‘AAA’ Rating/face
default/bankruptcy, while Motek’s expert says market
poised to test new lows, points to uncertainty regarding bailout
equivocation/changes and talks up, in a somewhat borderline senile fashion,
some beaten down stocks on theory government will bail them out…riiiiight!
Another Motek expert, actor/speculator/economist Ben Stein says hanky panky Paulsen
perjured himself before congress and should be prosecuted, points to
incompetence regarding bailout saying couldn’t have been handled worse and
not mentally up to it. One
Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly
Described/Illustrated in this Comment, [how are these
frauds not being prosecuted and forced disgorgement and preposterously
getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin :
U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the
S&P 500 (versus today's frothy 852) There
is more hurt in store for the U.S. equity markets. If you are still thinking
of riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 The immortal words of J.P.Morgan remain
apposite as ’ it is not so much the return on the money as it is the return
of the money’ , so sell/take
profits while you can and preserve capital. Previously
modest losses relative to reality with rally/programmed trades to the upside
into the close to finish off substantially lower lows to keep the suckers’
suckered despite grim economic/business/financial news so still great
opportunity to sell/take profits
while you can since much, much worse to come. America is now a
nation of bank holding companies (to take advantage of involuntary taxpayer
bailouts), paper hanging wall street frauds (it’s the worthless multiplicity
of securitized and heavily commissioned worthless paper that is the problem),
and brazened ponzi’s (sic) (more, more, and more funds to keep their
commission ball rolling) on wall street; and of course, their marks. Banking crisis
claims more u.s. victims How are these
frauds not being prosecuted and forced disgorgement and preposterously
getting taxpayer dollars? The lunatic wall
street frauds’ desperation linked to their substantial crimes and booty which
must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved so sell into rallies/strength/take profits while
you can since much, much worse to come.
Previous suckers’ bear market rally/programmed trades to the upside into the
close to keep the suckers’ suckered so still great opportunity to sell/take profits while you can since much, much
worse to come, as stocks finish only modestly lower relative to
reality on grim economic/business news across the board, viz., b.s.
talking point gives way to reality that China stimulus plan lessens
availability of funds for the purchase of worthless u.s./dollar denominated securities/assets
and may even require sale/redemption of same, GM shares hit 62 year low at
$3.36 as analyst says said shares will go to - 0- (nil, with Ford’s shares at
$1.93), Motek expert points to employment contraction for 15 months in a row
and Conference Board Report regarding said job losses; while another
emphasizes the futility of the bailouts which are get worse/larger in
reference to what he terms slush funds, the bank tax windfall initiated in
the dark of night, things will get progressively worse in the upcoming
administration, u.s. spending far beyond means, and rapidly depreciating u.s.
dollars and assets; DHL ending u.s. ground ops and 9,500 jobs, Security
Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S.
will soon face second “Great Depression” , bankruptcies, defaults, foreclosures,
hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers’
bear market
rallies/strength/take profits while you can as much, much worse to come. Much worse than
expected jobs (240,000 lost, unemployment to 6.5%) and auto news (operating
earnings losses of $4 billion for GM and $3 billion for Ford for 3rd quarter)
rallies stocks (riiiiight!), in a largely forgettable Motek business hour
even his oftimes wall street shill expert admitted to his credit that their
was absolutely nothing to account for the rise in stock prices this day
especially in light of the substantially bad and worse than expected news,
says GM has enough cash to last to spring while Ford till summer, and says
volatility for rest of the year. Economist says worse to come as very severe
recession at least through 2009 and into 2010, and also there’s allusion to
yet another taxpayer bailout of auto pension funds and auto co. bankruptcies.
The wall street frauds must be prosecuted and disgorgement
required. Jobless rate at 14-year high as above expectation
losses continue GM, Ford losses worse than expected, burning cash Jobless ranks hit 10 million, most in 25 years
Ford announces $129M 3Q loss, burns $7.7B in cash
Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to
reality [Grantham (who called the bubble) posits… 585 on the
S&P 500 (versus today's frothy 904) There
is more hurt in store for the U.S. equity markets. If you are still thinking
of riding this one out, consider Japan. Japan's Nikkei 225 is our window into
the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80%
drop. A similar correction in the U.S. would translate into Dow 2,500. ],
downbeat economic data, first-time claims for unemployment at 25 year high
and worse to come, abysmal retail sales worst in 3 decades, unit labor costs
rose at a higher than expected 3.6% annual rate as the ultimately
hyperinflationary effects of printing/creating like mad those worthless
Weimar dollars, and weak business prospects, 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., so still great opportunity to sell/take profits while you can since much, much
worse to come. Previous session sees modest drop relative
to reality though record post-election plunge so still great opportunity to sell/take profits while you can since
much, much worse to come. All news so bad (reality even worse) that
even shill co. ADP can’t hide at least 157,000 lost private sector jobs where
deep cuts are necessary, Challenger et als say layoffs will abound with cuts
broad and deep, Motek expert says dismal market for at least next several
weeks but cautious citing some oil, engineering, utilities, healthcare
opportunities with caveat along with some emerging markets, service sector
much weaker than expected and planned layoffs highest in three decades. Treasury wants to borrow
record $550B... US-led strike kills 36 Afghan
civilians U.S. as slowing
economy/runaway spending balloons the budget deficit to a record level to Sell $55 Billion in
Long-Term Debt Next Week Previous
session, all news decisively bad with dollar down, oil up, factory orders declining 2.5%
month-over-month after dropping 4.3% in August, much worse than the 0.8%
decline that was expected, 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., so sell into rallies/strength/take
profits while you can since much, much worse to come. Previous, ( Worst is yet to come for economy
) as economic/financial news so bad [ ISM
index shows biggest downturn in economic activity since 1982, corrupt,
scandal-scarred commerce department comes in with 40% better than expected
false construction numbers though still down a hefty .3%, 90% of private
economists say we’re in a recession and we’ll see much more lagging effect to
the downside, realization that bad economic conditions going forward not
frozen credit affecting lending despite their lies/fraud to buttress their
fleecing of the treasury, Motek expert says another washout coming and we’ve
not heard the last of those, ie., banks, companies, brokerages, etc., under
the waves] , that lunatic frauds on wall street develop new b.s.
talking point to keep suckers sucked in to this market so the wall street
frauds can keep eating away at suckers’ money by commissioning same, the new
talking point being ‘the election’. What total b**l s**t! They’re just a
bunch of criminally insane vegetables who can’t do anything that they’re
supposed to do well, ie, economics, finance, accounting, etc., and are hoping
to escape accountability for their crimes.
They must be prosecuted and disgorgement required because 1) It’s the law and to create a deterrent prospectively
2) Restore credibility and confidence in prosecutorial, regulatory,
government/governmental bodies as opposed to their being accomplices, and the
markets (which are just that; marketplaces, like fish markets, commodity
markets, flea markets, etc., no big deal, particularly as the frauds operate
them) 3) It’s the right thing to do because of the magnitude of the
fraud (in the hundreds of trillions by some educated assessments) in the many
trillions and the fraud on taxpayers (who have been damaged by their fraud
and) by bailouts that are finding their way into compensation/bonus packages
for the perpetrators . Previous session,
suckers’ bear market rally for window dressing for dismal month and quarter
to keep the suckers suckered in this secular bear market. Are you a sucker?
One in five homeowners owe more than homes are worth, more unemployment to
come, many more defaults personal/commercial, many trillions of previously
commissioned worthless paper still carried/not written down, etc.. One of
Motek’s experts, to his credit, points to reality in saying retreat to cash
(take profits) in rallies as these (rallies on bad news), record declines in
spending, economy has lots of negatives, insurance companies have lots of
negatives, hedge funds liquidating, and importantly, 60% of trades
computerized so great for generating commissions but bad for real value (as
this week) and very volatile; while another expert echoes bear case as
spending down across the board; while another empahasizes bad month on top of
bad month for autos; while another says 2008 behind only 1929 and 1987
for bad; and another says no more room for rate cuts, more regulation,
mortgage rates up; and finally, political and economic uncertainty cited. In
sum, u.s. stocks
over-priced and dollar will drop like a stone (excessive
printing/creating/debt), Stocks:
A Bear Case so
sell into rallies/strength/take profits while you can as much, much worse to
come. Don’t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic
wall street frauds’ desperation linked to their substantial crimes and booty
which must be disgorged through prosecution . Despite another big advance on
Friday, paper losses in the U.S. stock market came to $2.5 trillion for the
month, according to the Dow Jones Wilshire 5000 Composite Index, which
represents nearly all stocks traded in the United States. The 17.7 percent
decline was the worst since the 23 percent drop in October 1987 and 1929. Previous
day, suckers’ bear market rally on bad news. U.S.
Economy: GDP Shrinks (even with fake better than expected GDP numbers from
corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy
shrank only 0.3 percent in the July-September period, still a significant
slowdown after growth of 2.8 percent in the prior quarter in the summer,
sending the strongest signal yet that a deep recession has already begun.
Consumer spending, which accounts for two-thirds of the economy, dropped by
the largest amount in 28 years in the third quarter. One expert says multiple
levels of things going wrong in u.s. recession, ie., consumer spending down
and declining, housing recession, fraudulently worthless investments,
worthless Weimar dollars that are being printed/created like mad, etc..
Another expert says fake GDP number in 3rd quarter does not capture slowdown
which will be reflected in 4th quarter with minimum 2-4% decline. How are
these frauds not being prosecuted and forced disgorgement and preposterously
getting taxpayer dollars? The lunatic
wall street frauds’ desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, none of the real problems
(trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous session,
government (fake) numbers on durables (130% better than private estimates…I
don’t think so!) and prospectively dollar-crushing 50 basis point rate
cut (discounted b.s. talking point many times over by market in prior
sucker session), 2.7% drop in
the dollar, fed
heads said the pace of economic activity has "markedly" slowed as
consumer expenditures declined, while inflation pressures are expected
(despite worthlessness of the Weimar dollar) to (temporarily) moderate due to
the (temporary election year) drop in commodity prices and weaker economic
prospects, so still great opportunity to sell
into rallies/strength/take profits while you still can (like now) since much,
much worse to come as all problems remain. Previous
session, all news decisively bad with consumer sentiment far below expected
52% but realistically at 38%, personal bankruptcies/business bankruptcies up
sharply (Euler
Hermes ACI: Substantial Increase In Business Bankruptcies and worse in 2009
... , Personal
Bankruptcies Increase and 2009 expected to be worse ), Office
Vacancy Rates Nationwide Keep Climbing; 2009 will be worse ... , US consumer
debt reaches record levels , U.S. budget
deficit swells to record $455 billion | Reuters , White
House projects record deficit for 2009 - CNN.com , dollar
down and dying, record trade
deficits, (Lost growth is cumulative. Thanks to the record trade deficits
accumulated over the last 10 years, the U.S. economy is about $1.5 trillion
smaller. This comes to about $10000 per worker. The damage grows larger
each month, as the Bush Administration and Democratic Congress dally and
ignore the corrosive consequences of the trade deficit), war
crimes/profiteering and global disdain for america and all things american
and preposterously based on b.s. alone ie., dollar negative talking point of
interest rate decrease (hyperinflationary as will be seen post-election),
etc., suckers’ bear market rally on decidedly bad
news, none of the real problems including many trillions of worthless paper,
deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed
like mad, have even been addressed much less solved (election-year
expedience), lunatic
wall street frauds desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, so sell into
rallies/strength/take profits while you can since much, much worse to come.
THE DOW JUMPS 900 POINTS. SO WHAT? BY MORGAN
HOUSE
October 28, 2008 Only in today's market can the Dow have one of its
biggest gains ever, on a day when consumer confidence logged its worst
readings since it's been followed. After the Dow's nearly 900-point rally
today, on what seemed like nothing but loads of bad news, you're right to
stand back and wonder what in the world to make of this absurd volatility --
and more importantly, how to invest around it.The short, easy, and honest
answer is that this volatility is spectacularly unreasonable, and you're
foolhardy to try such an approach. Think about it: Only a few weeks ago, the
Dow soared an equally impressive amount -- 936 points -- sending a wave of
euphoria over markets, as if our troubles were behind us. Within days ...
poof! The gains were gone. There's little reason to jump for joy over today's
gain, either. Call me a party pooper, but the bad news in the
economy hasn't disappeared, my friends…
Reality from
Farrell: Bottom
line: You've been scammed: This is total incompetence, … unethical and
criminal. If you put your hard-earned $12,000 under the mattress for the last
decade, it would have been worth more than the $11,671 accumulated in a
mutual fund. But actually it's far, far worse! Now if you also deduct the
fund's 5.75% load (and/or commissions) and inflation of more than 30% the
past decade, you see the stock market's a real loser. In short, after 10
years of blindly trusting the Wall Street's advice about stocks, it turns out
that investing in the stock market is not a money-making machine, but a big
fat greedy black hole that gobbles up your money. ECONOMICS
GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...
More from Grantham: S&P to 585. He
called the bubble, how could anyone doubt his valuation (although even lower
is more realistic)? Jeremy Grantham … (some) benefits to the crisis,
including increasing personal savings, an end to the hedge fund era, a reminder
that government officials are not to be trusted, …among others…Grantham
posits… 585 on the S&P 500 (versus today's 877). Frank Motek (back from vacation to save
his business hour … none too soon since his program suffered mightily in his
absence) experts say: lack of liquidity, new homes and home prices downward
trend to continue, expect revisions; another says other nations loaned to
u.s. and getting burned, spending in Europe more difficult to ramp up, $2
TRILLION more debt, fed buying u.s. debt which is hyperinflationary, consumer
maxed out, grim outlook; another, a wall street shill points to better than
expected new home sales [from scandal scarred/corrupt commerce
department…riiiiight …(Home sales rise according to discredited commerce
department relative to revised downward prior months sales (riiiiiight…that’s
the way to work the statistics…at least the prior months fake stats can still
be good for something) but prices sharply fall)] but to his credit does say there are a
pile of concerns including liquidation of positions, ‘n carry trades’ (sic),
yen/dollar disparity; r.e. analyst says median price for homes still heading
down and another says new home sales this month not sustainable, foreclosures
high even with freeze; oil analyst says oil demand in China down, impacting
price; finally, another analyst says temporary dollar spike because of
unwinding of leveraged trades (in dollars), commodities/assets/metals decline
as investors/traders/holders sell off assets (cover margin calls,
redemptions, etc.), u.s. stocks still over-priced and dollar will drop like a
stone (excessive printing/creating/debt), Stocks:
A Bear Case so
sell into rallies/strength/take profits while you can as much, much worse to
come. Previous session: you know the worst is yet to come when the so-called
wizards of fraudulent wall street laud the day’s 5-9% decline as a pyrrhic
victory (coulda been worse…..riiiiight!) that is neither victory nor the end
of the downward adjustment to reality and the scope of their fraud, indeed
one expert now points to the realization that america has become the
exporter of economic weakness/fraud as hedge funds, etc., continue to
liquidate positions/assets (margin calls, redemptions, etc.) , sell into
rallies/strength/take profits while you can as much worse to come. Markets Nosedive on Grim
Economic News , World markets sink as recession
realities spread , 79th
anniversary of 1929 Wall Street Crash... , previous day suckers’ bear
market rally/400 point swing/programmed trades to the upside into the close
on decidedly bad news …I don’t think so!… sell into rallies/strength/take
profits while you can since much, much worse to come Economist Roubini Predicts Hedge
Fund Failures, Panic, Closed Markets , Job losses accelerating, and the worst is ahead
, Banks borrow
record amount from Fed... , on top of previous day’s near 200 point swing to the
upside into the close to keep the suckers suckered as ‘experts’ say: earnings
11% below expectations, business bad and getting worse, recession,
substantial job cuts, big problems in Europe including writedowns of u.s.
originated worthless fraudulent paper / another says realization source of
the now global problems is u.s., fed throwing money at problems (wall street
frauds) but not making it to the economy, not enough money to cover the
negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory
values, and another says reality implies 25% decline which is worst since
1937, sell into rallies/strength/take profits while you can since much, much
worse to come Recession
Will Last At Least Two Years: Roubini , Recession Now: It's Deep and It's Going to Last a
Long Time, Sonders Says ;
previous day modest losses relative to reality as only 15% of americans
believe the nation is going in the right direction (what dummies!) which is
slightly more than congress’ approval rate and just slightly less than
bushes’ approval rate, More banks may fail, IMF warns , Weak profit picture and weak/declining economy
worries and fear of being held criminally accountable for their fraud hurt
Wall Street , sell into
rallies/strength/take profits while you can since much, much worse to come ,
previous day’s suckers’ bear market rally on bad or false news as ie.,
leading economic indicators up though all economists expected down since
major components thereof (stock prices, manufacturing/industrial indices,
employment, etc.) all down, economy so bad they’re going to print more
worthless hyperinflationary Weimar dollars (that they don’t really have),
gave another $12 billion to AIG on top of the other billions of taxpayer
funds, yet none of the real problems including many trillions of worthless
paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars
being printed like mad, have even been addressed much less solved (election-year
expedience) so sell into rallies/strength/take profits while you can as much
worse to come , The
Crumbling U.S. Economy, Worse is Yet to Come ,
Worst
slump since Great Depression ,
Rapid
Downward Revisions in Expected Economic Growth , and all this b.s. despite reality on top of
previous session suckers’ 500 point swing/programmed trades to the upside
into the close to close modestly lower on much worse than expected news on
top of previous suckers’ bear market rally/800 point swing/programmed trades
to the upside into the close on decidedly bad news …I don’t think so!
The
average investment-grade industrial company bond is yielding 4.95 percentage
points over Treasuries with comparable maturities, Moody's says. That's about
the long-term average for much riskier junk bonds. "It's the widest
level since 1932-1933," says John Lonski, Moody's chief economist. That
was during the, ahem, Great Depression.
Searching
for Mr. Goodlow [ While
you certainly want to buy low (and sell high), in light of the crushing debt,
deficits both budgetary/trade, global antipathy because of war
crimes/profiteering, transfer of manufacturing base, and greedy frauds on
wall street, corruption at all levels, etc., this time is like no other for
america in the most negative sense, particularly since the average multiples
for S&P for the past 5 years were based upon a huge fraud bubble and
hardly a benchmark/guideline. The saying/axiom of J.P.Morgan remains apposite
as ’ it is not so much the return on the money as it is the return of the
money’. ]
Building starts/permits
and new home sales down 8.3% and 6.3% to worst levels in 17 years, drop in
consumer sentiment highest ever recorded so great opportunity to sell/take
profits while you still can since smart money (and reality) say trend is much
lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 ,
Roubini: Dow 7,000 Likely 'Sometime Next Year' , Dow Jones Bloodbath Mirroring 1929 Rout Bottom should be around 27 per cent below “bailout bounce”
according to analyst
, since none of the real problems including many trillions of worthless
paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars
being printed like mad, have even been addressed much less solved
(election-year expedience) so sell into rallies/strength/take profits while
you can as much worse to come, (they’re so desperate for b.s./fraudulent
talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo)
sparks rally though denied by both companies, spin lower prices as positive
when reality is that economic conditions/prospects so bad that demand has
precipitously fallen, Philly fed Index down sharply indicating contraction,
Real Estate/Builders’ Index lowest/Worst reading since inception, lunatic
wall street frauds desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, volatility index at new
record, previous session reality trumps the new fraud as markets can’t hide
from the plethora of bad economic news albeit sugar-coated for election year
purposes as retail sales down 1.2% for month and as well, year-over-year and
in all regions, beige book says economic activity down in all regions Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 sell into rallies/strength/take profits
while you can as much worse to come and remember, fool you once, shame on the wall street
frauds who should be in prison, fool you twice, shame on you and you’re
screwed, one
expert described the bailout as money down a black hole Total Bailout Cost Heads Towards $5 TRILLION , shreve of investors’
(shouldn’t that be traders’) business daily said became negative on market in
August and all cash in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY NOW
NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL TRAP
(OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND
FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES
CONFIRMED, implying that somewhere in between he was positive ] but to his credit states we’re in a
recession…some quarters of negative growth/contraction ahead…takes
considerable time for fed steps/missteps to take effect…and 7-8%
unemployment, while fed governor janet yellen says we’re in a
recession…daaah!, while another cites consensus that the financial crisis
won’t be over anytime soon US confronts reality of long, deep
recession/depression ,
The
global economy is going through a "profound shift" as it deals with
the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and
hedge funds were all made bigger because of the unfettered use of leverage.
The unwinding process is going to result in a "prolonged period of
socioeconomic malaise," he says, predicting unemployment will rise will
into double-digits before the cycle turns.
The most recent batch of economic data
certain support a grim outlook:
·
·
Industrial production plunged 2.8% in
September, the biggest drop since September 1974.
·
·
The
National Association of Home Builders' housing market index hit a record low.
·
·
The Fed's October Beige Book showed across-the-board
weakening of activity in all 12 reporting districts.
·
·
September retail sales fell 1.2%, the biggest drop since
Aug. 2005.
previous session saw modest losses
relative to reality with near 300 point upswing into the close on bad news
(to keep the suckers in … were you a sucker?…the frauds on wall street are counting
on it as today’s session proves) including record budget deficit at $454
billion and much worse next year, they’re treating symptoms not the problems
so good money after bad, substantial unwinding of derivatives and market
manipulation by programmed stock purchases, u.s. gov’t selling treasuries to
finance debacle pushing interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout
$700 billion yet national debt increased by over $1 trillion,They socialize their
losses and privatize their gains ….. How is this happening? Paulson Doles Out $125 Billion to Wall Street Elite What a total
fraud/scam! A
Trillion Dollar Bait and Switch: The Bailout and the Smell Test This
is a secular bear market – check out the cycles. Roubini
Sees Worst Recession in 40 Years, Rally’s End ,
previously Motek’s expert Art Hogan says crisis not over, daaaaah!, buuuttt
and for the first time sounds like a typical wall street shill and loses all
credibility thereby, while another non-Motek expert says will retest lows
which is euphemistically correct while pointing to comparable spike/decline
in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 , b.s. talking
points and all based upon other nations, Europe and Asia like lemmings again
following america into the abyss (Iraq, etc.) since none of the real problems
including many trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and
remember, fool you once, shame on the wall
street frauds who should be in prison, fool you twice, shame on you and you’re
screwed, as this and previous session’s
programmed buy trades to keep the suckers sucked in and commission dollars
flowing (the shameless wall street frauds made hundreds of millions last week
and today on high then moderate volume as government/banks closed for
holiday), thousand point swings to the upside- I don’t think so, as yet again
those needful things on wall street get even MORE, MORE, MORE, MORE, MORE for
the poor (not really, in light of the mega billions in fraudulently derived
commissions, bonuses, compensation, which should and must be disgorged
through prosecution) frauds on wall street, retail down, unemployment at
recession levels, modest losses relative to reality so sell into
strength/take profits, get your money out while you can and don’t forget that
the worthless hyperinflationary Weimar dollars they’re printing like mad
will, like the current fraud unraveling, come home to roost [Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any
wild-eyed purported gains to come illusory/non-existent at best and further,
national (and consumer) debt and lack of industrial/manufacturing base/trade
deficits make previous recovery comparisons preposterous, Motek’s expert says
on-going bear market since 2000 (market down 75% as measured in gold) with
continued massive liquidations to pay off debt and that attempts to reflate
with bailouts will fail culminating in hyperinflationary depression, while
another expert says stocks could slug around at bottom for extended period,
while Financial Times Editor says most volatile day ever, not at tradable
bottom, and this was a market crash at –40% from top. GM shares on credit watch with negative
implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek’s expert Bogel of Vanguard
fame points to speculative measure for wall street in 1929 as 280 which is
even below and not as bad as the current measure of 320 in year 2008
indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History ,on top of previous sessions needful things on wall
street saying MORE, taxpayer money to bail them out for their consummate
fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for
their past, present and future frauds, etc., to keep their ponzi-like scheme
of worthless paper moving; how about prosecution, prison, fines, and
disgorgement for these mega billion dollar frauds, as 500 point swing to the
upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don’t
think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms
of washout levels while another says bailout will take about 4 weeks to
implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of
trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says
reduce exposure to equities in favor of ie., money market treasuries,
previous day buy on rumor, sell on news (of fraud bailout) obtains,
fundamentals horrendous as economy loses more than expected 159,000 jobs,
Motek’s economist/expert/trader says serious economic issues remain and cites
’73 to ’74 when market fell 45% top to bottom while securities expert says
now focus is on fundamentals and not a pretty picture and cautions about
dilution, get your money out while you can-sell into strength/rallies/take
profits-that’s what they did , previously hopes for fraudulent $4
trillion plus is missing through U.S. federal agency accounts managed by the
NY Fed misguided Not One Dime! wall
street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7
years, factory orders decline to lowest level in 2 years, food prices with
largest increase since 1990, previous 200
point swing to the upside on top of 485 point previous day gain with
all seriously negative news including sales drops of 16% at GM and 35% at
Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and
outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce
department which reported unexpected rise in consumer sentiment
(riiiiight…things are so hunky-dory), all news decidedly negative with home
prices falling an unexpected record 16.3 %, etc. Bailout marks
Karl Marx’s comeback This
is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime
and otherwise, are only a relatively small portion of the fraud/scam
providing “cover/collateral” for the worthless but heavily commissioned paper
over and over again in a multiplicity of different forms of worthless paper)
in the mega-billions should first be disgorged before taxpayers are forced to
pony up and pay the frauds again for their fraud which caused the problem in
the first instance, must be prosecuted. It should also be noted that
despite the rhetoric, the wall street bailout will NOT solve the crisis or
eliminate the economic pain except to make permanent the fraudulent wealth
transfer to the most well healed heals/frauds/criminals in the nation who
caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history
(AP), GDP revised downward to 2.8% in second quarter (the market
previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall
street frauds so count on tax revolts as predicted by experts if the same
passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated
by the fact that the vast majority of taxpayers rationally and correctly
opposed the bailout of the wall street criminals who benefited from the
fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at
some initial comments. Sell into any strength/take profits because with bank
failures and raids on taxpayer funds and reckless printing like mad of
worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable
goods orders down far more than expected, home prices drop by record 9.5%,
existing home sales down 2.2% as they continue to foist the wall street
criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the
pockets of the wall street criminals (make them pay) who created the mess
through their greed/fraud/scams and who’ve already reaped huge financial sums
in the many billions through compensation/bonuses (mortgages, subprime and
otherwise, are only a relatively small portion of the fraud/scam providing
“cover/collateral” for the worthless but heavily commissioned paper over and
over again in a multiplicity of different forms of worthless paper]; Motek’s
financial expert, Financial Times Business Editor cites thoroughly gloomy
economic picture globally and u.s. particularly, record levels of borrowing
from fed, even with passage of bailout dire economic/financial scenario will
remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks
while his expert/economist/investor/entertainer (Ben Stein) says outrageous
to bail out wall street criminals who should be in prison [and who should pay
back/disgorge the hundreds of billions they’ve been scamming by
repackaging/recollateralizing commissioning and reselling of which
fraud/bubble I’ve been warning for over 5 years on this site-indeed they even
have been exempted by congress for RICO liability and meaningfully lawless
application of other laws as I reiterate in my RICO Summary under penalty
of perjury to the FBI at their request including RICO violations by Sam
Alito, former u.s. attorney (District of new jersey) who parlayed obstruction
of justice (I’ve sworn to this regarding drug-money laundering) into judicial
appointments to the 3rd circuit court of appeals with maryanne trump (Barry)
and now the so-called supreme court (he should have gone to jail) justice;
how could anyone even listen to bush (WMD’s in Iraq-I also warned against
that debacle/fraud/war crimes/profiteering) ] and he further says let the
ceo’s go and some of the failed institutions fail condemning the
outrageousness of the lack of oversight in this huge fraud/wealth transfer;
and hanky panky paulson the wall street shill whose $50 million in blind
trust and $20 million in vanguard benefits from this bailout by the
taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you
still can. One democrat said that
with 3 months remaining in war criminal (remember the lies) bush’s lamentable
failed presidency the grab based on fear that bailout of the criminals who
caused the problem and made huge sums from their heavily commissioned fraud
will avoid what already is can only be deemed another fraudulent wealth
transfer akin to the war crimes in Iraq, which budget-busting conflict is
also part of america’s problem, is preposterous on it’s face.A
republican said that the so-called over-sight provision utilizes a standard
of judicial review that would render impossible any purported
review/abrogation (and after the fact at that) of paulson’s largesse to his
bro’s on wall street and bush buddies. Mike
Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone
who doesn’t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America’s bailout fund doesn’t have what it takes to lead America
anywhere except on its current course – downward. But it doesn’t really
matter at this point anyway. Washington and the greedy bankers have ensured
the end of what was once a great and proud nation filled with hope and
opportunity. … , Dollar
Weakens Most Against Euro Since 2001 on U.S. Deficit ,
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ,…Cramer
had said the astonishing 779-point rally over the past two days can only mean
one thing: sell. , in this election year
obfuscation/desperation to cover-up since all real news remains decisively
negative as leading indicators fall, unemployment claims
rise, but suckers’ bear market rally
b**l s**t talking points without realistic, legitimate, sound foundation
previously rallied stocks in nearly 600 point swing to the upside as wall
street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth
transfer paid for by taxpayers (yet another bailout – tax revolts as
predicted by trendsresearch.com are a coming – McCain is quite right that
land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo
| Congress critters, former Fed mob bosses want a public boondoggle along the
line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt
government’s debt in favor of the very well-healed perpetrators of the
fraud who should be prosecuted and forced to disgorge their ill-gotten gains
(bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and
then there was the ridiculous spike from fed’s announced printing/creating
more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not
even register a blip of difference in light of the magnitude of the amount of
debt, $14 trillion private/$15 trillion public, much of which must be written
down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time
for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst
is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless
Weimar dollars (fed printing/creating them like mad) proves the only lunatics
(yes, the full moon) are not limited to those lunatic fraudulent wall street
needful things who should be prosecuted and forced to disgorge their
ill-gotten gains, as united soviet socialist states of america (who built up
communist china so who could have expected less) takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and
Reeling From Direct Hits , Federal bank insurance fund
dwindling , More Socialism for the
Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take
whatever gains/get your money out while you still can as industrial output
down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market
, Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads
, Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record,
retail down .3% while inventories up, as bad news spurs over 150 point swing
to the upside into the close which shows irrationally fraudulent markets
trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees
$4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of
Recession, Job Losses , August foreclosures hit another
record high , federal/trade
deficits among other bad news worse than expected which previously rallied
stocks (riiiiight!) on over 300 point swing to the upside (I don’t think
so) so sell into these ephemeral rallies/"strength”, Lehman shows
wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie fail, federal takeover,
taxpayer bailout (which the frauds on wall street cheer since they believe
their fraudulent gains, many billions worth, might not be touched - they
should be disgorged through prosecution) as defacto bankrupt government to
commit $100 billion each to insolvent fannie/freddie ($200 billion they
really don’t have to start with), very ridiculous so sell into ephemeral
rallies/"strength" since the same and all is very bad news Top
Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents"
(more to follow this update on
9-7-08) suckers’ bear market/short-covering rally into the close on 200 point
swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell
by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, Home foreclosures reach record high ,
and keep in mind frauds/scams like wall street
today invariably unravel as reality bites with all news bad (except for fake
news) and worse than expected with new unemployment claims up more than
15,000 on top of terrible back-to-school shopping/retail numbers, though
still sugar-coated for election year as sales at GM down 20% Ford down 26%,
bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and
spending down to lowest level in 3 years with income declining .7% in
contrast to previous day’s suckers’ bear market rally on light volume so
great time to sell/take profits while you can since all problems remain]
Election-year feel good typically false/embellished at best temporary report
on GDP 58% better than private forecasts along with that bastion of american
credibility, the scandal scarred prevaricating commerce department comes
through with fraudulent talking point for the wall street frauds with durable
goods numbers exceeding private economist estimates by 400% (I don’t think
so!), as one of Motek’s experts says GDP number from government, at best temporary
blip from rebate stimulous (those election-year monies/printed Weimar dollars
debt-ridden u.s. doesn’t really have) and multi-national exports on weak
dollar, seventh staight monthly decline in payrolls in this real recession,
and continued problems in financial sector/real estate/defaults/writedowns;
while another seasoned expert says doesn’t look good particularly for
third and fourth quarters. Motek’s expert says FDIC might have to borrow from
treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at
$5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall
in leading economic indicators indicative of deeper/longer recession that
we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price
declines on high volume of foreclosure sales/high unsold inventories,
high inflation as other than the economic debacle it is, Motek’s expert
reiterates reality of this bear market, that stocks will resume slide, good
time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie
bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults extend losses in sub-prime,
to now prime, commercial, student loans, credit cards, even as inflation up,
and outlook very bleak. Previously, another bank failure, but they say
existing home sales up greater than expected 3.1%…but from
auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and
nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek’s expert says ‘put’ activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet
bernanke who is printing worthless hyperinflationary Weimar dollars like mad
soothed (gives them fraudulent talking point) the frauds on wall street
saying essentially the economy is so bad inflation less of a problem (and no
interest rate hike-old news because of economic weakness and bad for dollar)
sparking suckers bear market rally on light volume, Buffett: We're still in a
recession, leading indicators down .7%, unemployment near record
levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all
problems remain and dollar mini-spike short-lived though some fluctuations to
upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The
Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as
empire state index as measured by private economists expected to fall -4.2%
but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy
the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news
double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence
suggests American consumers, businesspeople, and political leaders should all
be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at
recession levels, etc.,. Note the rotation into the obscure world of
so-called tech which provides, as in prior such ploys (ie., dot-com bust,
more recent bust, etc.) the world street frauds with the ability to sell the
sizzle since investors and americans generally don’t understand it (ie.,
iphones are a joke where the so-called “computer” is merely a restrictor of
usual computer functions now tied into apple products and government shill co
att, and anyone who pays the premium for apple products is a fool), and all
news bad albeit fudged to the upside in this election year. Fake trade
figures, more writedowns/bad debt, still great opportunity to sell/take
profits. Just another frothy day in the rabidly fraudulent lunatic world of
wall street and great opportunity to sell/take profits since all problems
remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia –
don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand
fraudulent wall street euphoria over diversion (Georgia conflict) from their
massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit
decline to triple digit upswing so especially great opportunity to sell/take
profits as glass-half-full kind of frauds point to increase in
(foreclosure/auction/forced) home sales (riiiiight!) while they can no
longer hide substantially increased unemployment, etc., economy so bad
oil demand declining which is shill point for next stage of (new) wall street
fraud/commissioned churn and earn scam which the taxpayers just
underwrote/paid for with complicit government, executive/legislative/judicial
branches/fed. Great opportunity to sell/take profits since all problems
remain as real numbers indicate previous decline in GDP though falsely
reported as gain, greater unemployment (watch for fake numbers from
government) and much more downside to come as stocks previously rallied on sharp
increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO
THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO
FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A
PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED
INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha AP
Business Highlights A private research group says that
Americans remain the most pessimistic about the economy since the tail end of
the last prolonged recession 16 years ago. But economists warn that the
slight uptick, which reverses a six-month slide since January, is likely to
be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending,
so Briefing.com
does not put too much stock in the report.] Quantifying
Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on
wall street with reality but false report from corrupt, scandal-scarred,
criminal commerce department (contrary to all expectations and contrary to
all regional fed manufacturing indices which declined) provides fake report
and fraudulent lift . Great Opportunity to
Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets
as all problems remain. El-Erian: Buy more foreign stocksEven
in this century's darkest days of recession and war, U.S. households kept on
spending. But one of the smartest investors on the planet says the American
consumer is finally out of steam. Even if, and it is
not, oil were the only problem, the same is just a disruption away from a
spike. Suckers’ bear market/short-covering rally based on bull s**t alone,
this time by wall street shill paulson whose bailout rhetoric brings
‘irrational exuberance’ since wall street frauds should be prosecuted,
required to disgorge ill-gotten gains, and jailed since they’re the ones who
benefited and are escaping accountability by the bailout. Except for
multi-nationals and corporate welfare recipients (ie., Lockheed, etc.),
greater than expected losses in not millions but billions rallied the stocks.
Remember, these are huge financial institutions unlike the tiny S&Ls of
the last banking fraud/wealth transfer (to frauds at expense of taxpayers).
Leading indicators revised down (after ‘election year keep the incumbents’
fake report). What do you expect the wall street frauds/criminals who should
be held accountable and the failed (and illegal- constitution would have to
be amended to enable Fed to print those worthless Weimar dollars with now
even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say;
admit they royally f**ked up, etc., better than expected very bad news,
ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more
(suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly
eliminates AMD, economy so bad less oil use/demand, riiiiight! What total
bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P
lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last
October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq
is down 19.80%. A 20% drop from a market peak is considered the start of a
bear market — although many analysts say Wall Street already has a bear
market mentality (because the bear market already is. Some chart data/numbers
on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED
ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS
EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET
FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING
IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER
DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT
FUNNY]. USA
2008: The Great Depression. High
Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I
WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL
ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED
SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’
BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS
RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS
UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF
401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN
DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES
OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE
GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT
DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND
SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE
FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank
issues global stock and credit crash alert... Write
Offs to Top $1.3 Trillion.Who didn’t see this coming? The
Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5
REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT
ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO
FAKE GOV’T REPORTS, suckers’ bear market rally into the close,
Analysts say
more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell ,
why would anyone hold/invest
in dollars (deficits, trade and budget substantial, economic growth
declining) so sell/take profits, if you’re smart, as higher oil prices
(7-10-08) sparks rally (riiiiight!) and investors were encouraged by the
possibility of more contributions to their fraud, and Paulson says things are
not as bad as the reports in this election year; he’s right; they’re much worse!
Remember greenspan’s perpetual envy of all the world speeches; now Bernanke
printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market
that already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360,
Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American
Express sees worsening credit conditions, but fake government report of
higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate,
Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES
OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS
AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION
CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF
MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS
CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND
DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING
DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE
WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL
ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD
NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM
BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST
POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH
LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS
WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL
SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES
SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE
WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR
NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A
LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD
CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER
SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD
IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER
INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF
GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER
(BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES
AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR
RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES
DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO
5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE
AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL
DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN
UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON
FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11%
ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND
HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE
FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING
INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP
(THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF
PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD
–14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER
INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS
RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS
AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW
PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE
GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK
THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG
AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS
BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS
AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO
WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO
TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH
ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank
issues global stock and credit crash alert... Write
Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis:
'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow
6,000 ] U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak
outlook on housing, economy, Foreclosures hit a
record high — and more coming, Ford readies
white-collar layoffs as sales tumble While GM Shutters 4 North american
Factories/Lays off Workers (Reuters), April insured mortgage
defaults rise (Reuters))
(1-26-12) Dow
12,734
-22 Nasdaq
2,805 -12 S&P 500 1,318 -8
[CLOSE- OIL $99.65 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,716 (+24% for year 2009) / SILVER $33.35 (+47% for year 2009)
PLATINUM $1,601 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 76 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.96% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-25-12) Dow
12,756 +81
Nasdaq
2,818 +31 S&P 500 1,326 +11
[CLOSE- OIL $99.93 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,711 (+24% for year 2009) / SILVER $33.10 (+47% for year 2009)
PLATINUM $1,578 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 76 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.01% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-24-12) Dow
12,675 -33
Nasdaq
2,786 +2 S&P
500 1,314
-1 [CLOSE- OIL $99.15 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,665 (+24% for year 2009) / SILVER $32.19 (+47% for year 2009)
PLATINUM $1,545 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 76 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.08% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-23-12) Dow
12,709 -12
Nasdaq
2,784 -3 S&P
500 1,316
-0- [CLOSE- OIL $99.72 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,678 (+24% for year 2009) / SILVER $32.38 (+47% for year 2009)
PLATINUM $1,556 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 77 YEN, .65 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.09% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-20-12) Dow
12,720
+96 Nasdaq
2,786 -2 S&P
500 1,315
-0- [CLOSE- OIL $98.33 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,665 (+24% for year 2009) / SILVER $32.13 (+47% for year 2009)
PLATINUM $1,515 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.05% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-19-12) Dow
12,625
+46 Nasdaq
2,788 +18 S&P
500 1,314
+6 [CLOSE- OIL $101.53 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,656 (+24% for year 2009) / SILVER $30.65 (+47% for year 2009)
PLATINUM $1,515 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.01% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-18-12) Dow
12,578
+97 Nasdaq
2,769 +41 S&P
500 1,308
+14 [CLOSE- OIL $101.53 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,665 (+24% for year 2009) / SILVER $30.53 (+47% for year 2009)
PLATINUM $1,531 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.92% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-17-12) Dow
12,482
+60 Nasdaq
2,728 +17 S&P
500 1,293
+4 [CLOSE- OIL $101.23 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,653 (+24% for year 2009) / SILVER $30.13 (+47% for year 2009)
PLATINUM $1,523 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 78 YEN, .65 POUND STERLING,
ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.87% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-13-12) Dow
12,422
-49 Nasdaq
2,711 -14 S&P
500 1,289
-6 [CLOSE- OIL $98.88 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,638 (+24% for year 2009) / SILVER $29.72 (+47% for year 2009)
PLATINUM $1,486 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .65 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.89% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-12-12) Dow
12,471
+22 Nasdaq
2,725 +13 S&P
500 1,295
+3 [CLOSE- OIL $100.20 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,647 (+24% for year 2009) / SILVER $30.10 (+47% for year 2009)
PLATINUM $1,488 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .65 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.94% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-11-12) Dow
12,449
-13 Nasdaq
2,710 +8 S&P
500 1,292
-0- [CLOSE- OIL $101.33 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,647 (+24% for year 2009) / SILVER $30.05 (+47% for year 2009)
PLATINUM $1,498 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 78 YEN, .65 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.93% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-10-12) Dow
12,462
+69 Nasdaq
2,702 +26 S&P
500 1,292
+11 [CLOSE- OIL $101.83 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,637 (+24% for year 2009) / SILVER $29.90 (+47% for year 2009)
PLATINUM $1,476 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 78 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.00% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE
MUCH, MUCH WORSE TO COME!
(1-09-12) Dow
12,392
+33 Nasdaq
2,676 +2 S&P
500 1,280
+2 [CLOSE- OIL $101.53 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,616 (+24% for year 2009) / SILVER $29.09 (+47% for year 2009)
PLATINUM $1,426 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 78 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.98% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-06-12) Dow
12,359
-56 Nasdaq 2,674 +4 S&P 500 1,277 -3
[CLOSE- OIL $101.56 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,616 (+24% for year 2009) / SILVER $28.72 (+47% for year 2009)
PLATINUM $1,402 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 78 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.98% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall street
b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-05-12) Dow
12,415
-3 Nasdaq 2,669 +22 S&P 500 1,281 +3
[CLOSE- OIL $101.45 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,625 (+24% for year 2009) / SILVER $29.26 (+47% for year 2009)
PLATINUM $1,411 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 78 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.02% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-04-12) Dow
12,418
+21 Nasdaq 2,648 -1 S&P 500 1,277 -0-
[CLOSE- OIL $103.39 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,623 (+24% for year 2009) / SILVER $29.47 (+47% for year 2009)
PLATINUM $1,427 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.00% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(1-03-12) Dow
12,397
+179 Nasdaq
2,648 +43 S&P
500 1,277
+19 [CLOSE- OIL $102.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,597 (+24% for year 2009) / SILVER $29.11 (+47% for year 2009)
PLATINUM $1,420 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 76 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.97% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data
This Depression
is just beginning The coming depression…
thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-30-11) Dow
12,217
-69 Nasdaq 2,605 -9 S&P 500 1,258 -5
[CLOSE- OIL $98.83 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,561 (+24% for year 2009) / SILVER $27.65 (+47% for year 2009)
PLATINUM $1,397 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.89% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks /
Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-29-11) Dow
12,287
+135 Nasdaq
2,613 +23 S&P
500 1,263
+13 [CLOSE- OIL $99.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27) (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,553 (+24% for year 2009) / SILVER $27.65 (+47% for year 2009)
PLATINUM $1,375 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.91% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE
MUCH, MUCH WORSE TO COME!
(12-28-11) Dow
12,151
-140 Nasdaq
2,590 -35 S&P
500 1,249
-16 [CLOSE- OIL $99.47 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,553 (+24% for year 2009) / SILVER $26.83 (+47% for year 2009)
PLATINUM $1,369 (+56% for year 2009) Metal News for the Day / DOLLAR= .77 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.93% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-27-11) Dow
12,291
-3 Nasdaq 2,625 +6 S&P 500 1,265 -0-
[CLOSE- OIL $101.34 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27 (**The BTU-adjusted price of E-85 is the nationwide average price of
E-85 adjusted to reflect the lower energy content as expressed in British
Thermal Units - and hence miles per gallon - available in a gallon of E-85 as
compared to the same volume of conventional gasoline…’ so adjusted=$4.00 –
higher real than quoted price for respective states including CA, infra –
another manipulation for the ‘feel good’ effect despite the inflationary
over-printing of weimar dollars/currencies) (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,595 (+24% for year 2009) / SILVER $28.65 (+47% for year 2009)
PLATINUM $1,430 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.02% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-23-11) Dow
12,294
+124 Nasdaq
2,618 +19 S&P
500 1,265
+11 [CLOSE- OIL $99.88 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,606 (+24% for year 2009) / SILVER $29.05 (+47% for year 2009)
PLATINUM $1,425 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 78 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.03% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-22-11) Dow
12,169
+61 Nasdaq
2,599 +21 S&P
500 1,254
+10 [CLOSE- OIL $99.89 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,611 (+24% for year 2009) / SILVER $29.38 (+47% for year 2009)
PLATINUM $1,432 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 78 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.97% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression is
just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-21-11) Dow
12,107
+4 Nasdaq 2,577 -31 S&P 500 1,243 +2
[CLOSE- OIL $98.76 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,613 (+24% for year 2009) / SILVER $29.26 (+47% for year 2009)
PLATINUM $1,427 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 78 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.98% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming depression…
thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-20-11) Dow
12,103
+337 Nasdaq
2,603 +80 S&P
500 1,241
+35 [CLOSE- OIL $97.26 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,633 (+24% for year 2009) / SILVER $29.79 (+47% for year 2009)
PLATINUM $1,443 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.94% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-19-11) Dow
11,766
-100 Nasdaq
2,523 -32 S&P
500 1,205
-14 [CLOSE- OIL $93.83 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,595 (+24% for year 2009) / SILVER $29.05 (+47% for year 2009)
PLATINUM $1,413 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.82% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE
MUCH, MUCH WORSE TO COME!
(12-16-11) Dow
11,866
-2 Nasdaq 2,555 +14 S&P 500 1,220 +4
[CLOSE- OIL $93.76 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,598 (+24% for year 2009) / SILVER $29.69 (+47% for year 2009)
PLATINUM $1,416 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.86% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-15-11) Dow
11,869
+45 Nasdaq
2,541 +1 S&P
500 1,215
+3 [CLOSE- OIL $94.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,593 (+24% for year 2009) / SILVER $29.53 (+47% for year 2009)
PLATINUM $1,422 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.92% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-14-11) Dow
11,823 -131
Nasdaq
2,539 -40 S&P
500 1,211
-14 [CLOSE- OIL $95.55 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,582 (+24% for year 2009) / SILVER $28.90 (+47% for year 2009)
PLATINUM $1,403 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.92% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-13-11) Dow
11,955 -66
Nasdaq
2,579 -33 S&P
500 1,225
-11 [CLOSE- OIL $100.00 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,639 (+24% for year 2009) / SILVER $30.93 (+47% for year 2009)
PLATINUM $1,472 (+56% for year 2009) Metal News for the Day / DOLLAR= .76 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.96% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-12-11) Dow
12,021 -163
Nasdaq
2,612 -35 S&P
500 1,236
-19 [CLOSE- OIL $97.77 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,653 (+24% for year 2009) / SILVER $30.99 (+47% for year 2009)
PLATINUM $1,480 (+56% for year 2009) Metal News for the Day / DOLLAR= .75 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.03% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-09-11) Dow
12,184 +186
Nasdaq
2,647 +50 S&P
500 1,255
+20 [CLOSE- OIL $99.41 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,711 (+24% for year 2009) / SILVER $32.16 (+47% for year 2009)
PLATINUM $1,511 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .63 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.07% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-08-11) Dow
11,997 -198
Nasdaq
2,596 -53 S&P
500 1,234
-26 [CLOSE- OIL $98.34 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,704 (+24% for year 2009) / SILVER $31.53 (+47% for year 2009)
PLATINUM $1,489 (+56% for year 2009) Metal News for the Day / DOLLAR= .75 EURO, 77 YEN, .64 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.02% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
12-07-11) Dow
12,196
+46 Nasdaq
2,649 -1 S&P
500 1,261
+2 [CLOSE- OIL $100.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,739 (+24% for year 2009) / SILVER $32.58 (+47% for year 2009)
PLATINUM $1,515 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.02% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-06-11) Dow
12,150
+52 Nasdaq
2,649 -6 S&P
500 1,258
+1 [CLOSE- OIL $101.53 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27 (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,729 (+24% for year 2009) / SILVER $32.52 (+47% for year 2009)
PLATINUM $1,527 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .64 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.08% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-05-11) Dow
12,098
+78 Nasdaq
2,655 +29 S&P
500 1,257
+13 [CLOSE- OIL $100.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.27 (**The BTU-adjusted price of E-85 is the nationwide average price of
E-85 adjusted to reflect the lower energy content as expressed in British
Thermal Units - and hence miles per gallon - available in a gallon of E-85 as
compared to the same volume of conventional gasoline…’ so adjusted=$4.00 –
higher real than quoted price for respective states including CA, infra –
another manipulation for the ‘feel good’ effect despite the inflationary
over-printing of weimar dollars/currencies) (reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./
$3.74 MID-GRADE/$3.83 PREM./ $4.22 DIESELL)
/ GOLD $1,723 (+24% for year 2009) / SILVER $32.26 (+47% for year 2009)
PLATINUM $1,520 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.04% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-02-11) Dow
12,019
-1 Nasdaq 2,626 -0- S&P 500 1,244 -1
[CLOSE- OIL $100.96 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,746 (+24% for year 2009) / SILVER $32.56 (+47% for year 2009)
PLATINUM $1,542 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.05% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-01-11) Dow
12,020 -26
Nasdaq
2,626 +5 S&P
500 1,245
-2 [CLOSE- OIL $100.26 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,743 (+24% for year 2009) / SILVER $32.83 (+47% for year 2009)
PLATINUM $1,553 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.11% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-30-11) Dow
12,045 +490
Nasdaq
2,620 +104 S&P
500 1,247
+51 [CLOSE- OIL $100.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,746 (+24% for year 2009) / SILVER $32.65 (+47% for year 2009)
PLATINUM $1,553 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.08% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-29-11) Dow
11,555
+33 Nasdaq
2,515 -12 S&P
500 1,195
+3 [CLOSE- OIL $99.89 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,722 (+24% for year 2009) / SILVER $31.79 (+47% for year 2009)
PLATINUM $1,535 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .64 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.00% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-28-11) Dow
11,523
+291 Nasdaq
2,527 +86 S&P
500 1,192
+33 [CLOSE- OIL $97.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,707 (+24% for year 2009) / SILVER $31.97 (+47% for year 2009)
PLATINUM $1,538 (+56% for year 2009) Metal News for the Day / DOLLAR= .75 EURO, 78 YEN, .64 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.97% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-25-11) Dow
11,231
-26 Nasdaq
2,441 -19 S&P
500 1,158
-3 [CLOSE- OIL $96.77 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,680 (+24% for year 2009) / SILVER $31.08 (+47% for year 2009)
PLATINUM $1,525 (+56% for year 2009) Metal News for the Day / DOLLAR= .75 EURO, 77 YEN, .64 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.97% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-23-11) Dow
11,258
-236 Nasdaq
2,460 -61 S&P
500 1,161
-26 [CLOSE- OIL $96.56 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,696 (+24% for year 2009) / SILVER $32.03 (+47% for year 2009)
PLATINUM $1,547 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .64 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.89% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-22-11) Dow
11,493
-54 Nasdaq
2,522 -2 S&P
500 1,188
-5 [CLOSE- OIL $96.83 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,708 (+24% for year 2009) / SILVER $32.56 (+47% for year 2009)
PLATINUM $1,561 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 76 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.94% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-21-11) Dow
11,547
-249 Nasdaq
2,523 -49 S&P
500 1,193
-23 [CLOSE- OIL $97.67 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,672 (+24% for year 2009) / SILVER $31.38 (+47% for year 2009)
PLATINUM $1,537 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 76 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.97% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-18-11) Dow
11,774
+25 Nasdaq
2,588 -15 S&P
500 1,215
-.48 [CLOSE- OIL $97.67 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,722 (+24% for year 2009) / SILVER $32.31 (+47% for year 2009)
PLATINUM $1,589 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 76 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.01% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-17-11) Dow
11,774
-135 Nasdaq
2,588 -52 S&P
500 1,215
-21 [CLOSE- OIL $99.23 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,726 (+24% for year 2009) / SILVER $31.65 (+47% for year 2009)
PLATINUM $1,589 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.96% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-16-11) Dow
11,905
-191 Nasdaq
2,639 -47 S&P
500 1,237
-21 [CLOSE- OIL $101.83 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,761 (+24% for year 2009) / SILVER $33.83 (+47% for year 2009)
PLATINUM $1,615 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 77 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.01% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-15-11) Dow
12,096
+17 Nasdaq
2,686 +28 S&P
500 1,258
+6 [CLOSE- OIL $99.23 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,777 (+24% for year 2009) / SILVER $34.35 (+47% for year 2009)
PLATINUM $1,631 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 77 YEN, .63 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.06% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-14-11) Dow
12,079
-75 Nasdaq
2,657 -21 S&P
500 1,251
-12 [CLOSE- OIL $98.16 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,779 (+24% for year 2009) / SILVER $34.22 (+47% for year 2009)
PLATINUM $1,638 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 77 YEN, .62 POUND STERLING, ETC. (How
low can you go LOWER)/ Interest Rates:
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.04% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-11-11) Dow
12,153
+259 Nasdaq
2,678 +53 S&P
500 1,263
+24 [CLOSE- OIL $97.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,788 (+24% for year 2009) / SILVER $34.68 (+47% for year 2009)
PLATINUM $1,640 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 77 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.04% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-10-11) Dow
11,893
+113 Nasdaq
2,625 +3 S&P
500 1,239
+10 [CLOSE- OIL $97.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,766 (+24% for year 2009) / SILVER $33.97 (+47% for year 2009)
PLATINUM $1,628 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 77 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.04% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-9-11) Dow
11,780
-389 Nasdaq
2,621 -106 S&P
500 1,229
-47 [CLOSE- OIL $97.17 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,769 (+24% for year 2009) / SILVER $33.86 (+47% for year 2009)
PLATINUM $1,624 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 77 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.00% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-8-11) Dow
12,170
+101 Nasdaq
2,727 +32 S&P
500 1,276
+14 [CLOSE- OIL $97.17 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,791 (+24% for year 2009) / SILVER $35.19 (+47% for year 2009)
PLATINUM $1,663 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 77 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.10% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-7-11) Dow
12,068
+85 Nasdaq
2,695 +9 S&P
500 1,261
+7 [CLOSE- OIL $95.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,791 (+24% for year 2009) / SILVER $34.74 (+47% for year 2009)
PLATINUM $1,645 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 78 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.04% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-4-11)
Dow
11,983
-61 Nasdaq
2,686 -12 S&P
500 1,253
-8 [CLOSE- OIL $94.26 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,755 (+24% for year 2009) / SILVER $34.13 (+47% for year 2009)
PLATINUM $1,629 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 78 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.06% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-3-11)
Dow
12,044
+208 Nasdaq
2,698 +58 S&P
500 1,261
+23 [CLOSE- OIL $94.30 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,757 (+24% for year 2009) / SILVER $34.31 (+47% for year 2009)
PLATINUM $1,629 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 77 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.09% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-2-11)
Dow
11,836
+178 Nasdaq
2,639 +33 S&P
500 1,238
+19 [CLOSE- OIL $92.56 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,729 (+24% for year 2009) / SILVER $33.72 (+47% for year 2009)
PLATINUM $1,586 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 78 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.03% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(11-1-11)
Dow
11,658
-297 Nasdaq
2,607 -77 S&P
500 1,218
-35 [CLOSE- OIL $91.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,725 (+24% for year 2009) / SILVER $33.43 (+47% for year 2009)
PLATINUM $1,589 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 78 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.01% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-31-11)
Dow
11,955
-276 Nasdaq
2,684 -53 S&P
500 1,253
-32 [CLOSE- OIL $92.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,717 (+24% for year 2009) / SILVER $34.51 (+47% for year 2009)
PLATINUM $1,598 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 78 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.17% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-28-11)
Dow
12,231
+22 Nasdaq
2,737 -1 S&P
500 1,285
-0- [CLOSE- OIL $93.58 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,743 (+24% for year 2009) / SILVER $35.29 (+47% for year 2009)
PLATINUM $1,643 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 75 YEN, .61 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.34% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market
and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
[ The frauds on wall street et als
should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train
Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , This is an
especially great opportunity to sell / take profits because there’s much
worse to come! Watch for more fake reports / data in their infinite political
desperation both here and across the sea!
(10-27-11)
Dow
12,209 +339
Nasdaq
2,738 +87 S&P
500 1,285
+42 [CLOSE- OIL $93.37 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,745 (+24% for year 2009) / SILVER $35.35 (+47% for year 2009)
PLATINUM $1,649 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 75 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.42% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-26-11)
Dow
11,869
+162 Nasdaq
2,651 +12 S&P
500 1,242
+13 [CLOSE- OIL $91.77 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,726 (+24% for year 2009) / SILVER $33.65 (+47% for year 2009)
PLATINUM $1,598 (+56% for year 2009) Metal News for the Day / DOLLAR= .71 EURO, 75 YEN, .62 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.23% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-25-11)
Dow
11,706
-207 Nasdaq
2,638 -61 S&P
500 1,229
-25 [CLOSE- OIL $93.17 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,710 (+24% for year
2009) / SILVER $33.09 (+47% for year 2009) PLATINUM $1,569 (+56% for year
2009) Metal News
for the Day / DOLLAR= .71 EURO, 76
YEN, .62 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.14% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-24-11)
Dow
11,913
+105 Nasdaq
2,699 +61 S&P
500 1,254
+15 [CLOSE- OIL $91.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,651 (+24% for year
2009) / SILVER $31.61 (+47% for year 2009) PLATINUM $1,545 (+56% for year
2009) Metal News
for the Day / DOLLAR= .71 EURO, 76
YEN, .62 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.25% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-21-11)
Dow
11,808
+267 Nasdaq
2,637 +38 S&P
500 1,238
+22 [CLOSE- OIL $87.39 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,641 (+24% for year
2009) / SILVER $31.33 (+47% for year 2009) PLATINUM $1,510 (+56% for year
2009) Metal News
for the Day / DOLLAR= .71 EURO, 76
YEN, .62 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.23% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-20-11)
Dow
11,541
+37 Nasdaq
2,598 -5 S&P
500 1,215
+5 [CLOSE- OIL $86.29 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,626 (+24% for year
2009) / SILVER $30.73 (+47% for year 2009) PLATINUM $1,498 (+56% for year
2009) Metal News
for the Day / DOLLAR= .72 EURO, 76
YEN, .63 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.20% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market
and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-14-11)
Dow
11,644
+166 Nasdaq
2,668 +47 S&P
500 1,225
+21 [CLOSE- OIL $86.89 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,683 (+24% for year
2009) / SILVER $32.15 (+47% for year 2009) PLATINUM $1,551 (+56% for year
2009) Metal News
for the Day / DOLLAR= .72 EURO, 77
YEN, .63 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.26% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-13-11) Dow 11,478 -41
Nasdaq
2,620 +15 S&P
500 1,203
-4 [CLOSE- OIL $84.45 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,665 (+24% for year
2009) / SILVER $31.61 (+47% for year 2009) PLATINUM $1,526 (+56% for year
2009) Metal News
for the Day / DOLLAR= .72 EURO, 76
YEN, .63 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.19% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-12-11) Dow 11,519 +103
Nasdaq
2,605 +22 S&P
500 1,207
+11 [CLOSE- OIL $85.56 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,683 (+24% for year
2009) / SILVER $32.79 (+47% for year 2009) PLATINUM $1,545 (+56% for year
2009) Metal News
for the Day / DOLLAR= .72 EURO, 77
YEN, .63 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.24% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-11-11) Dow 11,433 -17
Nasdaq
2,583 +17 S&P
500 1,195
-0- [CLOSE- OIL $85.53 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,661 (+24% for year
2009) / SILVER $32.07 (+47% for year 2009) PLATINUM $1,516 (+56% for year
2009) Metal News
for the Day / DOLLAR= .73 EURO, 76
YEN, .63 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.18% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-10-11) Dow 11,433 +330
Nasdaq
2,566 +86 S&P
500 1,195
+39 [CLOSE- OIL $85.90 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,676 (+24% for year
2009) / SILVER $32.06 (+47% for year 2009) PLATINUM $1,519 (+56% for year
2009) Metal News
for the Day / DOLLAR= .73 EURO, 76
YEN, .63 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.10% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-7-11) Dow 11,103 -20
Nasdaq
2,479 -27 S&P
500 1,155
-10 [CLOSE- OIL $82.98 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,638 (+24% for year
2009) / SILVER $31.13(+47% for year 2009) PLATINUM $1,490 (+56% for year
2009) Metal News for
the Day / DOLLAR= .74 EURO, 76
YEN, .64 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.10% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
[ The frauds on wall street et als
should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train
Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , This is an
especially great opportunity to sell / take profits because there’s much
worse to come!
(10-6-11) Dow 11,123 +183
Nasdaq
2,506 +46 S&P
500 1,165
+20 [CLOSE- OIL $79.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg.
gas in LAND OF FRUITS AND NUTS $3.94 REG./ $4.04 MID-GRADE/$4.14
PREM./ $4.22 DIESELL) / GOLD $1,661 (+24% for year 2009) / SILVER $32.38(+47%
for year 2009) PLATINUM $1,531 (+56% for year 2009) Metal News for the Day / DOLLAR= .74 EURO, 76 YEN, .65 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.01% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-5-11) Dow 10,939 +131
Nasdaq
2,460 +55 S&P
500 1,144
+20 [CLOSE- OIL $79.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,645 (+24% for year
2009) / SILVER $30.69 (+47% for year 2009) PLATINUM $1,489 (+56% for year
2009) Metal News for
the Day / DOLLAR= .74 EURO, 76
YEN, .65 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.92% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-4-11) Dow 10,808 +153
Nasdaq
2,405 +69 S&P
500 1,123
+25 [CLOSE- OIL $78.09 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,625 (+24% for year
2009) / SILVER $29.58 (+47% for year 2009) PLATINUM $1,442 (+56% for year
2009) Metal News for
the Day / DOLLAR= .75 EURO, 76
YEN, .64 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.81% AP Business Highlights
...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(10-3-11) Dow 10,655 -258
Nasdaq
2,335 -80 S&P
500 1,099
-32 [CLOSE- OIL $77. (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,674 (+24% for year
2009) / SILVER $31.13 (+47% for year 2009) PLATINUM $1,497 (+56% for year
2009) Metal News for
the Day / DOLLAR= .75EURO, 76 YEN,
.65 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.80% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(9-30-11) Dow 10,913 -241
Nasdaq
2,415 -65 S&P
500 1,131
-29 [CLOSE- OIL $79.22 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $3.94 REG./
$4.04 MID-GRADE/$4.14 PREM./ $4.22 DIESELL)
/ GOLD $1,623 (+24% for year
2009) / SILVER $29.89 (+47% for year 2009) PLATINUM $1,520 (+56% for year
2009) Metal News for
the Day / DOLLAR= .74 EURO, 76
YEN, .63 POUND STERLING, ETC. (How low can you go LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.92% AP Business
Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(8-01-11) Dow 12,132 -11
Nasdaq
2,745 -12 S&P
500 1,287
-5 [CLOSE- OIL $95.22 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,619 (+24% for year
2009) / SILVER $39.45 (+47% for year 2009) PLATINUM $1,786 (+56% for year
2009) Metal News for
the Day / DOLLAR= .69 EURO, 77
YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.77% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-29-11) Dow 12,143 -97
Nasdaq
2,756 -10 S&P
500 1,292
-8 [CLOSE- OIL $95.70 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,626 (+24% for year
2009) / SILVER $39.89 (+47% for year 2009) PLATINUM $1,776 (+56% for year
2009) Metal News for
the Day / DOLLAR= .69 EURO, 76
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.82% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-28-11) Dow 12,240 -62
Nasdaq
2,766 +1 S&P
500 1,301
-4 [CLOSE- OIL $97.45 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,613 (+24% for year
2009) / SILVER $39.65 (+47% for year 2009) PLATINUM $1,785 (+56% for year
2009) Metal News for
the Day / DOLLAR= .69 EURO, 77
YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.98% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-27-11) Dow 12,303 -199
Nasdaq
2,765 -75 S&P
500 1,305
-27 [CLOSE- OIL $97.40 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,615 (+24% for year
2009) / SILVER $40.41 (+47% for year 2009) PLATINUM $1,783 (+56% for year
2009) Metal News for
the Day / DOLLAR= .69 EURO, 77
YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.01% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-26-11) Dow 12,501 -92
Nasdaq
2,841 -2 S&P
500 1,331
-5 [CLOSE- OIL $99.59 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,621 (+24% for year
2009) / SILVER $40.92 (+47% for year 2009) PLATINUM $1,805 (+56% for year
2009) Metal News for
the Day / DOLLAR= .68 EURO, 77
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.99% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-25-11) Dow 12,593 -88
Nasdaq
2,843 -16 S&P
500 1,337
-8 [CLOSE- OIL $99.38 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,613 (+24% for year
2009) / SILVER $40.42 (+47% for year 2009) PLATINUM $1,773 (+56% for year
2009) Metal News for
the Day / DOLLAR= .69 EURO, 78
YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.03% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-22-11) Dow 12,681 -43 Nasdaq 2,858 +24 S&P 500 1,345 +1 [CLOSE- OIL $99.87 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,601 (+24% for year
2009) / SILVER $40.05 (+47% for year 2009) PLATINUM $1,789 (+56% for year
2009) Metal News for
the Day / DOLLAR= .69 EURO, 78
YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.99% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-21-11) Dow 12,724 +153
Nasdaq
2,834 +20 S&P
500 1,343
+17 [CLOSE- OIL $99.38 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,590 (+24% for year
2009) / SILVER $39.23 (+47% for year 2009) PLATINUM $1,779 (+56% for year
2009) Metal News for
the Day / DOLLAR= .70 EURO, 78
YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.03% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read Economic
/ Financial Data
This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-20-11) Dow 12,571 -15
Nasdaq
2,814 -12 S&P
500 1,326
-1 [CLOSE- OIL $98.65 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,601 (+24% for year
2009) / SILVER $40.05 (+47% for year 2009) PLATINUM $1,774 (+56% for year
2009) Metal News for
the Day / DOLLAR= .70 EURO, 78
YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.96%
AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-19-11) Dow 12,587 +202
Nasdaq
2,826 +61 S&P
500 1,326
+21 [CLOSE- OIL $98.51 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,586 (+24% for year
2009) / SILVER $39.13 (+47% for year 2009) PLATINUM $1,768 (+56% for year
2009) Metal News for
the Day / DOLLAR= .70 EURO, 79
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.91% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-18-11) Dow 12,385 -94
Nasdaq
2,765 -25 S&P
500 1,305 -11 [CLOSE- OIL $96.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,602 (+24% for year
2009) / SILVER $40.47 (+47% for year 2009) PLATINUM $1,765 (+56% for year
2009) Metal News for
the Day / DOLLAR= .70 EURO, 79
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.94% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-15-11) Dow 12,479 +42
Nasdaq
2,789 +27 S&P
500 1,316 +7 [CLOSE- OIL $97.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,593 (+24% for year
2009) / SILVER $39.26 (+47% for year 2009) PLATINUM $1,761 (+56% for year
2009) Metal News for
the Day / DOLLAR= .70 EURO, 79
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.91% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-14-11) Dow 12,437 -55
Nasdaq
2,762 -34 S&P
500 1,308 -9 [CLOSE- OIL $95.69 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,588 (+24% for year
2009) / SILVER $38.35 (+47% for year 2009) PLATINUM $1,762 (+56% for year
2009) Metal News for
the Day / DOLLAR= .70 EURO, 79
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.95% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
7-13-11) Dow 12,491 +44
Nasdaq
2,796 +15 S&P
500 1,317 +4 [CLOSE- OIL $96.05 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,588 (+24% for year
2009) / SILVER $38.45 (+47% for year 2009) PLATINUM $1,763 (+56% for year
2009) Metal News for
the Day / DOLLAR= .70 EURO, 79
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.92% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-12-11) Dow 12,446 -59
Nasdaq
2,782 -21 S&P
500 1,313 -6 [CLOSE- OIL $96.58 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,565 (+24% for year
2009) / SILVER $36.05 (+47% for year 2009) PLATINUM $1,731 (+56% for year
2009) Metal News for
the Day / DOLLAR= .71 EURO, 78
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.91% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-11-11) Dow 12,505 -151
Nasdaq
2,802 -57 S&P
500 1,319 -24 [CLOSE- OIL $95.07 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,551 (+24% for year
2009) / SILVER $35.74 (+47% for year 2009) PLATINUM $1,723 (+56% for year
2009) Metal News for
the Day / DOLLAR= .69 EURO, 80
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
2.92% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-8-11) Dow 12,657 -62
Nasdaq
2,859 -12 S&P
500 1,343 -9 [CLOSE- OIL $96.20 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,543 (+24% for year
2009) / SILVER $36.56 (+47% for year 2009) PLATINUM $1,732 (+56% for year
2009) Metal News for
the Day / DOLLAR= .68 EURO, 80
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.01% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-7-11) Dow 12,719 +93
Nasdaq
2,872 +38 S&P
500 1,353 +14 [CLOSE- OIL $98.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,531 (+24% for year
2009) / SILVER $36.38 (+47% for year 2009) PLATINUM $1,734 (+56% for year
2009) Metal News for
the Day / DOLLAR= .68 EURO, 80
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.15% AP
Business Highlights ...Yahoo Market
Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-6-11) Dow 12,626 +56
Nasdaq
2,834 +8 S&P
500 1,339 +1 [CLOSE- OIL $96.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,526 (+24% for year
2009) / SILVER $35.91 (+47% for year 2009) PLATINUM $1,725 (+56% for year
2009) Metal News for
the Day / DOLLAR= .68 EURO, 80
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.09% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-5-11) Dow 12,569 -12
Nasdaq
2,825 +9 S&P
500 1,338 -2 [CLOSE- OIL $96.89 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,513 (+24% for year
2009) / SILVER $35.33 (+47% for year 2009) PLATINUM $1,734 (+56% for year
2009) Metal News for
the Day / DOLLAR= .68 EURO, 80
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.13% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(7-1-11) Dow 12,583 +168
Nasdaq
2,816 +42 S&P
500 1,339 +19 [CLOSE- OIL $94.79 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.59 (reg. gas in LAND OF FRUITS AND NUTS $3.90 REG./
$4.00 MID-GRADE/$4.10 PREM./ $4.32 DIESELL)
/ GOLD $1,487 (+24% for year
2009) / SILVER $34.74 (+47% for year 2009) PLATINUM $1,715 (+56% for year
2009) Metal News for
the Day / DOLLAR= .68 EURO, 80
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.20% AP
Business Highlights ...Yahoo
Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC
COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(4-1-11) Dow 12,376
+56 Nasdaq
2,789 +8 S&P
500 1,332 +6 [CLOSE- OIL $107.94 (-54% for year 2008) (RECORD TRADING
HIGH $147.27) GAS
$3.65 (reg. gas in LAND OF FRUITS AND NUTS $4.05 REG./ $4.10 MID-GRADE/
$4.20 PREM./ $4.27 DIESEL) / GOLD $1,428 (+24% for year 2009)
/ SILVER $37.76 (+47% for year 2009) PLATINUM $1,758 (+56% for year
2009) Metal News for
the Day / DOLLAR= .70 EURO, 83 YEN,
.62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest
Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD
3.45% …..…
AP Business Highlights
...Yahoo
Market Update...
T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International
This
Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET
MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING
ACCOMPLISHED 3-11-10
The bull market that never was/were beyond wall
street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31,
2010
THE COMING MARKET CRASH / CORRECTION
1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking
Economic
Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply
Not Going To Recover
1-7-10 Crash is
coming! ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic / Financial
Data
This Depression
is just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(12-31-10) Dow 11,577 +7 Nasdaq
2,653 -10 S&P 500 1,258 -1
[CLOSE- OIL $91.35 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/
$3.39 PREM./ $3.79 DIESEL) /
GOLD $1,422 (+24% for year 2009) / SILVER $30.95 (+47% for year 2009)
PLATINUM $1,765 (+56% for year 2009) / DOLLAR= .74 EURO, 80 YEN, .64
POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.31% …..… AP
Business Highlights
...Yahoo Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope MARKET
MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING
ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall
street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31,
2010 The Week Ahead:
Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010
01-13-10 Forecast for
2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION
1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking
Economic
Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply
Not Going To Recover Current Economic /
Fiscal Charts Trendsresearch.com
forecast for 2009 1-7-10
Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic / Financial
Data
This Depression
is just beginning The coming
depression… thecomingdepression.net MUST READ: JEREMY
GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(9-23-10) Dow 10,662 -77 Nasdaq
2,327 -7 S&P 500 1,125 -9 [CLOSE- OIL $75.18
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.74 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/
$3.35 PREM./ $3.69 DIESEL) /
GOLD $1,296 (+24% for year
2009) / SILVER $20.22 (+47% for year 2009) PLATINUM $1,638 (+56% for year
2009) / DOLLAR= .74 EURO, 84 YEN, .63 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.56%
…..… AP Business
Highlights ...Yahoo Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope MARKET
MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING
ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall
street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31,
2010 The Week Ahead:
Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010
01-13-10 Forecast for
2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION
1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking
Economic
Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply
Not Going To Recover Current Economic /
Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is
coming! ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic / Financial
Data
This Depression
is just beginning The coming
depression… thecomingdepression.net MUST READ: JEREMY
GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME!
(3-31-10) Dow 10,856 -50 Nasdaq 2398
-12 S&P 500 1,169 -4 [CLOSE- OIL $83.76 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS $2.73 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./
$3.08 DIESEL)/ GOLD $1,115 [video] Gold Surges Stocks/Gold Comparison (+24% for year
2009) / SILVER $17.53 (+47% for year 2009) PLATINUM $1,646 (+56% for year
2009) / DOLLAR= .74 EURO, 93 YEN, .65
POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83% …..… AP Business Highlights ...Yahoo Market
Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds
/ Currencies - Domestic /
International MARKET
MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING
ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in
gold Property Values Projected to Fall 12% in 2010 Jan 31,
2010 The Week Ahead:
Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10
Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic
Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply
Not Going To Recover Current Economic /
Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic / Financial Data This Depression
is just beginning The coming
depression… thecomingdepression.net MUST READ: JEREMY
GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850
on the S&P) by TPC
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Recession ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH
WORSE TO COME!
(12-31-09) Dow 10,428 -120 (plus
19% for year) Nasdaq 2269 -22 (plus 44%
for year) S&P 500 1,115 -11 (plus
23% for year) (China Shanghai up 80%, Hong Kong 50%, Japan 19%,
Europe 20-25%) [CLOSE- OIL $79.36 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.00 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,096 [video] Gold Surges Stocks/Gold Comparison (+24% for year
2008) / SILVER $16.83 (+22% for year 2008) PLATINUM $1,459 (+56% for year
2008) / DOLLAR= .69 EURO, 92 YEN, .62
POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.79% …..… AP Business Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression
is just beginning The
Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH
WORSE TO COME [Shadowstats’ John Williams: Prepare For The
Hyperinflationary Great Depression Roubini: 'The worst is yet
to come'... Top Eurobank prepares for 'global economic collapse'... CHINA:
‘The world does not have Money to buy more US Treasuries’ Emergency Jobless
Insurance Claims Surge By Most Ever In Prior Week The number you won’t hear
mentioned anywhere in the Mainstream Media: 327,729. Food Stamps Go to a
Record 37.2 Million, USDA Says Bloomberg …S&P sells on a price-to-earnings
multiple of 88 after the recent financial results. That is a horrendous
overvaluation. A reasonable p/e would be around 18-25…’ Economist Wachtel
says practices that caused crisis in play, toxic assets still there, and
economically sound lending not viable …El-Erian
who oversees nearly $1 trillion in assets, more than the gross domestic
product of most countries, says stocks will drop 10 percent in the space of
three or four weeks, bringing the Standard & Poor's 500 index below 1,000
soon… Breaking Point 2010: Top Trends with Gerald Celente …DO YOU THINK IT IS POSSIBLE IN
2010 FOR THE UNITED STATES TO END UP AS BADLY AS ARGENTINA A DECADE AGO?
“Worse! Worse than Argentina because our debt problems are worse. This is
classic empire decline. Argentina was not even an empire. We’re fighting wars
in foreign countries as we are depleting the Treasury .…That’s why we are
calling it: Breaking Point 2010!” Peter
Shiff: Economic collapse in near future / 2010, coming decade worse than past
decade Last
decade was the worst ever in the stock market Jay Bookman | In nearly 200 years of recorded stock-market
history, no calendar decade has seen such a dismal performance as the
2000s. Foreclosure
/ distressed sales up again and a lunatics’ santa claus rally as in
bubble-crashes past WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH
CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON
TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN
MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN
MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL
PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE,
INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF
FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE
DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES
OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP,
BANKRUPTCIES UP 41%, CAR SALES /
MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE
CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE
ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE
ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN
EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and
collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09)
Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …
(11-23-09) Dow 10,451 +133 To stamp out
fraud, no change from suckers’ rally worth reporting for second, third,
fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January
-4% for second week of January -5% for
first full week of January -34% for the
year -1% for the fourth week of
December No change worth
reporting for second and third weeks of December -2.3% for the first week of
December -5.8% for the month of November. -15% for the month of October Nasdaq 2176 +30 To stamp out
fraud, no change from suckers’ rally worth reporting for second, third,
fourth weeks of March and April -84 for the first week of
March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for
first full week of January -41% for the
year -2% for the fourth week of
December No change worth
reporting for second and third weeks of December -5.7% for the first week of
December -11% for the month of November. -17% for October
S&P 500 1,106 +14 To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of
March -11% for the month of February -8.6% (-75) for the
month of January -1% for fourth week of
January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the
year -2% for the fourth week of
December No change worth
reporting for second and third weeks of December -2.7% for the first week of
December -7.5% for the month of November. -18% for October [CLOSE- OIL $77.56 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.00 REG./ $3.26 MID-GRADE/ $3.35 PREM./
$3.05 DIESEL)/ GOLD $1,165 (New Record)
[video] Gold Surges Stocks/Gold Comparison (+5.58% for
year 2008) / SILVER $18.61 PLATINUM $1,468 / DOLLAR= .66 EURO, 88 YEN, .59 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.35% …..… AP Business Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression
is just beginning The
Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH
WORSE TO COME [Roubini: 'The worst is yet
to come'... Top Eurobank prepares for 'global economic collapse'... Used home sales up (from record
foreclosures…daaah! rallying stocks…riiiiight!)] WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT
WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET
RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE
UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2%
UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42
TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL
REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT,
LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE.,
COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY
TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP,
BANKRUPTCIES UP 41%, CAR SALES /
MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE
CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE
ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE
ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN
EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and
collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09)
Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …
(7-1-09) Dow
8,504.06 +57.06 +0.68% To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1%
for fourth week of January
-2.5% for third week of January
-4% for second week of
January -5% for first full week of January -34%
for the year -1% for the fourth week of December No change worth reporting for second and third weeks
of December -2.3% for the first week of December -5.8% for the month of November. -15%
for the month of October Nasdaq 1,845.72 +10.68 +0.58% To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of
March -7% for the month of
February -6.4% (-101) for the
month of January -1% for fourth week of January -3.3%
for third week of January -3% for second week of January -4% for first full week of January -41%
for the year -2% for the fourth week of December No change worth reporting for second and third
weeks of December -5.7% for the first week of December -11% for the month of November. -17%
for October S&P
500 923.33 +4.01 +0.00% To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of
March -11% for the month of
February -8.6% (-75) for the month of January -1%
for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39%
for the year -2% for the fourth week of December No change worth reporting for second and third weeks
of December -2.7% for the first week of December -7.5% for the month of November. -18%
for October [CLOSE- OIL $69.18 (-54%
for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.90 (reg. gas in LAND OF
FRUITS AND NUTS $3.01 REG./ $3.25
MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/
GOLD $941.35 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.74 PLATINUM
$1,205 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low can you
go - LOWER)/ 10 YR NOTE YIELD 3.55% …..… AP Business Highlights … ...Yahoo Market
Update... ] YAHOO -
BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! 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... Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after
1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent 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
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy 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 (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 Rise foreclosure sales up 2.4%,
prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try
well over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to
come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing
Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off
Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , 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 Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls
OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune)
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!
(6-30-09) Dow 8,447.00 -82.38 -0.97% To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1%
for fourth week of January
-2.5% for third week of January
-4% for second week of
January -5% for first full week of January -34%
for the year -1% for the fourth week of December No change worth reporting for second and third weeks
of December -2.3% for the first week of December -5.8% for the month of November. -15%
for the month of October Nasdaq 1,835.04 -9.02 -0.49% To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of
March -7% for the month of
February -6.4% (-101) for the
month of January -1% for fourth week of January -3.3%
for third week of January -3% for second week of January -4% for first full week of January -41%
for the year -2% for the fourth week of December No change worth reporting for second and third
weeks of December -5.7% for the first week of December -11% for the month of November. -17%
for October S&P
500 919.32 -7.91 -0.85% To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of
March -11% for the month of
February -8.6% (-75) for the month of January -1%
for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39%
for the year -2% for the fourth week of December No change worth reporting for second and third weeks
of December -2.7% for the first week of December -7.5% for the month of November. -18%
for October [CLOSE- OIL $69.89 (-54%
for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.90 (reg. gas in LAND OF
FRUITS AND NUTS $3.01 REG./ $3.25
MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/
GOLD $927.40 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.60 PLATINUM
$1,185 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low can you
go - LOWER)/ 10 YR NOTE YIELD 3.53% …..… AP Business Highlights … ...Yahoo Market
Update... ] YAHOO -
BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! 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
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy 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 (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 Rise foreclosure sales up 2.4%,
prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.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 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try
well over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to
come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing
Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , 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 Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales, profit
dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record continuing
claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution
of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune)
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!
CITIGROUP and MERRILL face
bigger writeoffs/dividend cuts, etc.....
CHEER: Ambrose
Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'... As central banks continue to
splash their cash over the system, so far to little effect, Ambrose
Evans-Pritchard argues things are rapidly spiralling out of their control
Twenty billion dollars here, $20bn there, and a lush half-trillion from the
European Central Bank at give-away rates for Christmas. Buckets of liquidity
are being splashed over the North Atlantic banking system, so far with meagre
or fleeting effects. "Liquidity doesn't do anything in this
situation," says Anna Schwartz, the doyenne of US monetarism and
life-time student (with Milton Friedman) of the Great Depression."It
cannot deal with ….. that lots of firms are going bankrupt. The banks and the
hedge funds have not fully acknowledged who is in trouble. That is the
critical issue," she adds…..
The time-lines below highlight the four recessions
in the US economy since 1980…..While the NBER was only a little late in its
recognition of the recession that began in Summer 1981, they were late to the
game in the remaining three. In fact, during the last two recessions, the
NBER did not officially declare the start to a recession until the recession
had already ended. The u.s. is already in recession, beyond the fake
data/reports, with much higher than reported inflation, etc..
Economic
Expert Says Global Crash Imminent
Echoes former world bank leader with prediction of
global recession Steve Watson
A leading economic expert has warned that a global
crash and recession is imminent on the back of record highs in real estate,
stocks and energy, combined with a devaluation of the dollar and continued
speculative bubble thinking. Robert Shiller, the Stanley B. Resor Professor
of Economics at Yale University told an audience at the annual Dubai
International Financial Centre (DIFC) Week that a sharp downward correction
is due in the global markets. Shiller stated: Perhaps we have gotten a little
too confident in the global economic growth, said Shiller. The problem is
high oil, stock and real estate prices. I believe that a substantial part is
speculative bubble thinking. We have gotten too confident of the prices in
these markets.
Economic Outlook 2008:
Darkening Clouds
Dom Armentano Lew
Rockwell.com Thursday December 6, 2007 Presidential election years
usually are not recessionary but next year will be an exception. Several
economic factors are colliding in an almost perfect storm to markedly slow
the general economy and the stock market. The most important signal flashing
recession is, of course, the sub-prime mortgage fiasco. After years of
monetary inflation on the part of the Federal Reserve, individuals and
families with poor credit were suckered into low-down-payment/low-interest
adjustable mortgages that simply cannot be maintained or repaid under current
conditions. Their incentive is to sell the property quickly before their
equity evaporates and/or the financial institution repossesses it. Yet the
massive oversupply of homes and condos for sale has pushed prices down at a
record clip and made additional foreclosures even more likely. Next year,
unfortunately, will be the Year of the Auction. The financial institutions
have also been punished…well sort of. Various institutions including hedge
funds that hold these poorly performing debt obligations have been forced (by
accounting rules) to "write down" the value of these assets, take
huge paper losses in the bargain, and pull in their financial horns. Thus,
any near-term recovery in housing must now fight a record supply
availability, falling prices, higher insurance costs and restricted credit…a
near-term impossibility in my view. Moreover, the slowdown in residential and
commercial construction will send secondary ripple effects throughout the
economy. Laid-off construction workers don't spend money. Construction and
home furnishing suppliers sell less output and make fewer investments. Even
local governments will be pinched by declining property-tax assessments and
fewer developer fees. Things are likely to get worse before they get any
better. The second major factor indicating a near-term recession is the
sky-high price of crude oil and refined product. Pushed upward by world-wide
speculative Mid-East war fears and increases in demand (especially from
China), increasing energy prices act as an inflationary "tax" on
domestic production and consumption throughout the market economy. Higher
costs of production will lower profits; higher prices will reduce some
consumption. The only good news here is that any substantial economic
slowdown in 2008 will eventually moderate the price of oil and other
commodity prices as well. The third factor in the current recession scenario
– and the real wild card – is the continuing decline in the value of the
dollar in international money markets caused by our Iraq blunder and the
Federal Reserve–generated oversupply of dollars. Some economists would argue that
a devalued dollar is good for U.S. exports, and thus positive for the economy
as a whole. I disagree for three reasons. First, the bulk of crude oil
purchases takes place in dollars; a falling dollar translates into still
higher crude oil prices. Second, the U. S. dollar is the major reserve
currency of the international monetary system and dollar-paying investments
(such as U.S. Treasury bills and bonds) are held in massive amounts by
foreign banks and governments. Dollar devaluation makes these investments
less attractive and any disinvestment in these areas would sharply drive bond
prices down and increase interest rates. The third reason why dollar
devaluation makes recession more likely is that it effectively prevents the
Federal Reserve from pushing U.S. interest rates much lower. Any additional
Fed easing (inflation) would be seen as a signal of even further future
dollar devaluation and even higher dollar prices for oil. Unfortunately, we
will not be able to "inflate" our way out of this recession this
time. We will simply have to take our lumps and let market forces liquidate
the bulk of the malinvestments caused by the unprecedented Greenspan money
bubble. This liquidation process will not be pretty but it is necessary to
restore a sustainable economic recovery in the years ahead.
Don’t forget: Criminal
america has the highest crime rates in the world. No other so-called
‘civilized’ nation even comes close.
Euro gains on
dollar in official reserves...
FROM THE
SUB-PRIME TO THE RIDICULOUS: HOW $100B VANISHED...
PAPER: TOP
ECONOMIST SAYS AMERICA WILL PLUNGE INTO RECESSION...
UNDERSTANDING THE GREAT WALL STREET FRAUD (summarized)
*(12-30-07) The
best and easiest to understand analogy, though not perfect, to the wall
street markets is the kiting of checks at lightning computerized trading
speed on which commissions are taken although there is nothing of real value
underlying their fraudulent scheme. (10-10-08) Now to bring this analogy
closer to the current crisis, assume as is the case of the worthless
sub-prime securities, there is no charge off/debit as is ordinarily the case
with a cleared check and the worthless 'collateralized sub-prime security' is
repackaged, resold, recommissioned based upon as collateral the original
worthless security which is in turn repackaged, resold, recommissioned based
upon as collateral the subsequent worthless security, and so on to the tune
of (hundreds of) trillions of this worthless, fraudulent paper (blatent
securities fraud which must be prosecuted and fraudulently derived profits
disgorged).
*(12-31-07) The
ubiquitous computerization of wall street functions, the
enhancement/advance/integration of the said computer equipment/peripherals in
terms of computing power and speed, along with the concomitant advance/sophistication
of the programming concerning same has enhanced the ability of the frauds on
wall street to effect their frauds with blinding speed vis-à-vis the funds
entrusted to their care by way of programmed trades, ie., buy, sell, stop
limits, etc.. An example (though not perfect) is illustrative: Dow drops 200 points as programmed sell
orders kick in with some not so fudged negative news. Nothing changes but the
following day the market rises 205 points on programmed buy orders (a little
higher despite the absence of any positive news). Hence, the huge swings
which have become ever so more prevalent. Though nothing has changed,
hundreds of millions of dollars without relation to any value added (in
economic terms, service, etc.) is taken in commissions (percentages, points,
spreads) by the frauds on wall street on huge computerized trading volume
(hence, the multi-billion dollar bonuses on top of huge salaries, etc.). The
fact is that these funds entrusted to them are so large that such computerized
“buys” can simulate other than rational demand causing prices to rise solely
to generate huge commissions to them and new funds coming in (as in a ponzi
scheme). The corrupt government has been complicit in terms of false economic
reports, legislation protecting the fraud (ie., exemption from RICO
accountability, etc.), while the courts are also corrupt facilitators (ie.,
new york, new jersey, california, etc., and similarly don’t count on
arbitration panels). There was a time
when transaction costs mattered in financial investment decisions. The
trades/commissions are not a net positive for the economy but are indeed of
great benefit to the recipients of same (who like termites eat away at other
peoples’ money, and whose marginal propensity to consume is less than those
allocating their monies/pensions/401ks/savings etc.; hence, the mess to
follow). Finally, the NASDAQ/tech has become the “safe haven” but in reality
as in the dot.com bust days are just the great story without much fundamental
understanding that keeps the fraudulent ball rolling.
(1-01-08) Remember: more contrived wasteful
commissions to the wall street frauds, the level and percentage of which
should be examined in light of computerization and decreased costs attendant
to same especially since only A Very Small Fraction Of What wall street Does
Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades.
*(1-3-08) $14 billion ($21 billion in 2006) in bonuses to the lunatic/frauds
on wall street for a commissionable (sub prime bundled) fraud well done,
inflation up, dollar down, oil prices up, manufacturing down; one
analyst/reporter/journalist from inside sources pegs the sub-prime dollar
value of the shilled worthless paper at $516 TRILLION (even a percentage of
same renders the problem unfixable-hence, culpable parties must be held
accountable and disgorge their ill-gotten gains from, ie., commissioning
worthless paper, taking a point here or there and fraudulently passing same
on, ad infinitum, etc.). Of course there are also a plethora of
garden-variety frauds as always, ie., 10-B-5, insider trading, etc..
*(10-10-08)
Now to bring the initial check-kiting analogy closer to the current crisis,
realize as is the case of the worthless sub-prime securities, there is no
charge-off/debit as is ordinarily the case with a cleared check and the
worthless 'collateralized sub-prime security' is repackaged, resold,
recommissioned based upon (collateralized by) as collateral the original
worthless security which is in turn repackaged, resold, recommissioned based
upon as collateral the subsequent worthless security, and so on (a geometric
progression) to the tune of (hundreds
of) trillions of this worthless, fraudulent paper (blatent/flagrant securities fraud which must be prosecuted
and fraudulently derived profits disgorged).
THE BAILOUT FRAUD/SCAM
This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a
relatively small portion of the fraud/scam providing “cover/collateral” for
the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper) in the mega-billions
should first be disgorged before taxpayers are forced to pony up and pay the
frauds again for their fraud which caused the problem in the first instance,
must be prosecuted. It should also be noted that despite the rhetoric, the
wall street bailout will NOT solve the crisis or eliminate the economic pain
except to make permanent the fraudulent wealth transfer to the most well
healed heals/frauds/criminals in the nation who caused the so-called crisis
by their greed/corruption/fraud.
TOP TRENDS 2008: PANIC AND
FEAR http://www.trendsresearch.com
Economic 9/11
Just as the Twin Towers collapsed from the top down,
so too will the US economy from an Economic 9/11. When the high-stake
speculators, banks, brokerages, and buyout firms that leveraged billions with
millions get hit ... everything underneath them will turn to rubble.
The Panic of 08
Failing banks, busted brokerages, toppled corporate
giants, bankrupt cities, states in default, foreign creditors cashing out of
US securities … whatever the spark, the stage is set for panic in the
streets. When the giant firms fall, they'll crush the man on the street. ....
Conservation Engineers
More powerful than high tech and paying much better
than the booming health care sector, we forecast that "Conservation
Engineers" and "Conservation Specialists" that are skilled in
providing enviro-smart solutions will be among the most handsomely rewarded
and sought after professions for the next several decades.
Tax Revolts
It was a reason given for starting the first
American Revolution and as the trends add up, it will also be a reason for
starting the second. Fed up, and not willing – or able – to take it anymore,
overtaxed Americans will begin the battle against politicians and bureaucrats
in the fight to lower and/or repeal taxes… while demanding higher tax rates
for those seen as paying too little. .....
Bye, Bye Bucks
America’s going broke and the whole world knows it.
Betting that its economy will spiral down and that the dollar will fall with
it, foreign creditors are dumping dollars on the market … and even Third
World street vendors don’t want to take greenbacks any longer. The further it
falls, the less it’s worth. The less it’s worth, the less it buys. In the
real world they call it "inflation." In America they call it
"good for business." ......
Small is Big
Unlike the years of personal prosperity and business
growth long perceived a birthright … today, as America’s fortunes dwindle,
its people will be forced to adjust attitudes and alter practices to
compensate for the losses. Although the oncoming national downsizing trend
may be a blow to egos and painful to pocketbooks, if intelligently deployed
and spiritually practiced, the "Small is Big" trend can lead to
more progressive advancement and greater rewards than the supersizing trend
that has been consuming much of the nation.
Heal Yourself Health Care
Just as it took mountains of facts and bottom line
realities to finally convince a consumption prone public that energy saving
tools and environmentally sound practices bring bigger rewards and higher
quality, the oncoming "Heal Yourself Health Care" trend will be as
widely embraced and will prove equally rewarding. Evolving over the past two
decades, along with growing acceptance of seeking alternative medical
options, the "Heal Yourself Health Care" trend is being driven by
both the lack of money and the power of the mind.
TechnoSlaves.com
It’s a quickly spreading worldwide epidemic that
will get much worse. All colors, classes, creeds and races are addicted and
they can’t break the habit. Before 2008 ends, the TechnoSlave trend will be
so pervasive and so deeply embedded into the fabric of society that Old World
communication styles will be seen as quaint and ridiculed as stupidly boring
by the high-tech "hip." Across borders and around the world,
blinking lights of blue and red flash from human ears … electro-plastic
appendages affixed to the body and controlling the mind. So self-important
have society’s members become that they must be connected at all times … to
be in touch and instant messaged … for work, play and to fill the voids of
idle time.
Hold on to Your Hats
2008 is going to be a wild
ride. http://www.trendsresearch.com
Jeremy
Grantham: All the World's a Bubble By Brett
Arends
…..Grantham says we are now seeing the first worldwide bubble in history
covering all asset classes.
Everything is in bubble
territory, he says. Everything.
'The bursting of this bubble will be across all
countries and all assets.' -- Jeremy Grantham
|
The United States is heading for
bankruptcy, according to an extraordinary paper published by one of the key
members of the country's central bank.
|
A ballooning budget
deficit and a pensions and welfare timebomb could send the economic
superpower into insolvency, according to research by Professor Laurence
Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of
the US Federal Reserve.
Prof Kotlikoff said that,
by some measures, the US is already bankrupt. "To paraphrase the Oxford
English Dictionary, is the United States at the end of its resources,
exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked
in consequence of failure to pay its creditors," he asked.
According to his central
analysis, "the US government is, indeed, bankrupt, insofar as it will be
unable to pay its creditors, who, in this context, are current and future
generations to whom it has explicitly or implicitly promised future net
payments of various kinds''.
Prof Kotlikoff, who
teaches at Boston University, says: "The proper way to consider a
country's solvency is to examine the lifetime fiscal burdens facing current
and future generations. If these burdens exceed the resources of those
generations, get close to doing so, or simply get so high as to preclude
their full collection, the country's policy will be unsustainable and can
constitute or lead to national bankruptcy.
"..... there are strong
reasons to believe the United States may be going broke."
Experts have calculated
that the country's long-term "fiscal gap" between all future
government spending and all future receipts will widen immensely as the Baby
Boomer generation retires, and as the amount the state will have to spend on
healthcare and pensions soars. The total fiscal gap could be an almost
incomprehensible $65.9 trillion, according to a study by Professors Gokhale
and Smetters.
The figure is massive
because President George W Bush has made major tax cuts in recent years, and
because the bill for Medicare, which provides health insurance for the
elderly, and Medicaid, which does likewise for the poor, will increase
greatly due to demographics.
Prof Kotlikoff said:
"This figure is more than five times US GDP and almost twice the size of
national wealth. One way to wrap one's head around $65.9trillion is to ask
what fiscal adjustments are needed to eliminate this red hole. The answers
are terrifying. One solution is an immediate and permanent doubling of
personal and corporate income taxes. Another is an immediate and permanent
two-thirds cut in Social Security and Medicare benefits. A third alternative,
were it feasible, would be to immediately and permanently cut all federal
discretionary spending by 143pc."
The scenario has serious
implications for the dollar. If investors lose confidence in the US's future,
and suspect the country may at some point allow inflation to erode away its
debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said:
"The United States has experienced high rates of inflation in the past
and appears to be running the same type of fiscal policies that engendered
hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE
traders found guilty of fraud
Stock market staggers, but investors
still may be too optimistic
Commentary: Newsletters react to stock
markets' losing week
By Peter Brimelow,
MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert
Stock Newsletter Sentiment Index (HSNSI), which reflects the average
recommended stock market exposure among a subset of short-term market timing
newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%.
This was certainly below the 31.4% it showed on Tuesday night, when Mark
Hulbert worried, presciently we must say, that it was too strong from a
contrary opinion point of view. But it's still above its 12.6% reading at end
of June, although, Mark pointed out, the stock market had declined in the
interim. And since Mark wrote, the Dow Jones Industrial Average has had three
triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote
Friday morning: "If the Dow breaks support at 10,760, I think we could
have some nasty action, even some crash-type action." But, perhaps
significantly, Russell did not quite hit the panic button when the Dow did
indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary
opinion view: "Three days in a row with the Dow down over 100 points
each day -- you don't see that very often. But still no signs of real fear,
no capitulation, no panic -- just down, down, and down. The key consideration
here is that there is still no sign of big money coming into this market. In
fact, the big money has been leaving this market all year. ... The longer the
market continues down without a panic decline, the worse the ultimate panic
will be when it arrives."
What
is Wrong with the Stock Market?
Dr.
Khaled Batarfi
John
D. Rockefeller was once asked why he decided to sell all his stocks just
months before the 1929 Wall Street Crash. He explained: One morning, I was on
the way to my office and stopped to have my shoes polished. The guy asked my
advice about the shares he bought. If people with this kind of talent were
now playing the market, I knew there was something wrong.....
U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal
Reserve, based on the Treasury Department's latest budget statement (billions
of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct
4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there
were $192 million in individual tax refunds and $23 million in corporate tax
refunds issued.
End Of The Bubble Bailouts A. Gary Shilling, Insight
08.29.06 - For a quarter-century, Americans’ spending binge has been fueled
by a declining savings rate and increased borrowing. The savings rate of
American consumers has fallen from 12% in the early 1980s to -1.7% today (see
chart below). This means that, on average, consumer spending has risen about
a half percentage point more than disposable, or after-tax, income per year
for a quarter-century.
The fact that Americans are saving less and less of
their after-tax income is only half the profligate consumer story. If someone
borrows to buy a car, his savings rate declines because his outlays go up but
his disposable income doesn’t. So the downward march in the personal savings
rate is closely linked to the upward march in total consumer debt (mortgage,
credit card, auto, etc.) in relation to disposable income (see chart below).
Robust consumer spending was fueled first by the
soaring stock market of the 1990s and, more recently, by the housing bubble,
as house prices departed from their normal close link to the Consumer Price
Index (see chart below) and subsequently racked up huge appreciation for
homeowners, who continued to save less and spend more. Thanks to
accommodative lenders eager to provide refinancings and home equity loans, Americans
extracted $719 billion in cash from their houses last year after a $633
billion withdrawal in 2004, according to the Federal Reserve.
But the housing bubble is deflating rapidly. I
expect at least a 20% decline in median single-family house prices
nationwide, and that number may be way understated. A bursting of the bubble
would force many homeowners to curb their outlays in order to close the gaps
between their income and spending growth. That would surely precipitate a
major recession that would become global, given the dependence of most
foreign countries on U.S. consumers to buy the excess goods and services for
which they have no other markets.
That is, unless another
source of money can bridge the gap between consumer incomes and outlays, just
as house appreciation seamlessly took over when stocks nosedived. What could
that big new source of money be? And would it be available soon, given the
likelihood that house prices will swoon in coming quarters?
One possible source of big, although not immediate,
money to sustain consumer spending is inheritance. Some estimates in the
1990s had the postwar babies, who have saved little for their retirement,
inheriting between $10 trillion and $41 trillion from their parents in the
coming decades. But subsequent work by AARP, using the Federal Reserve’s
Survey of Consumer Finances for 2004 and previous years, slashed the total
for inheritances of all people alive today to $12 trillion in 2005 dollars.
Most of it, $9.2 trillion, will go to pre-boomers born before 1946, only $2.1
trillion to the postwar babies born between 1946 and 1964, and $0.7 trillion
to the post-boomers.
Furthermore, the value of all previous inheritances
as reported in the 2004 survey was $49,902 on average, with $70,317 for
pre-boomers, $48,768 for boomers and $24,348 for post-boomers. Clearly, these
are not numbers that provide for comfortable retirements and, therefore,
allow people to continue to spend like drunken sailors.
What other assets could consumers borrow against or
liquidate to support spending growth in the future? After all, they do have a
lot of net worth, almost $54 trillion for households and nonprofit
organizations as of the end of the first quarter. Nevertheless, there aren’t
any other big assets left to tap. Another big stock bonanza is unlikely for
decades, and the real estate bubble is deflating.
Deposits total $6.3 trillion, but the majority, $4.9
trillion worth, is in time and savings deposits, largely held for retirement
by financially conservative people. Is it likely that a speculator who owns
five houses has sizable time deposits to fall back on? Households and
nonprofits hold $3.2 trillion in bonds and other credit market instruments,
but most owned by individuals are in conservative hands. Life insurance
reserves can be borrowed, but their total size, $1.1 trillion, pales in
comparison to the $1.8 trillion that homeowners extracted from their houses
in the 2003-2005 years. There’s $6.7 trillion of equity in noncorporate
business, but the vast majority of that is needed by typically cash-poor
small businesses to keep their doors open.
Pension funds might be a source of cash for
consumers who want to live it up now and take the Scarlett O’Hara, “I’ll
worry about that tomorrow” attitude toward retirement. They totaled $11.1
trillion in the first quarter, but that number includes public funds and
private defined benefit plans that are seldom available to pre-retirees
unless they leave their jobs.
The private defined contribution plans, typically
401(k)s, totaled $2.5 trillion in 2004 and have been growing rapidly because
employers favor them. But sadly, many employees, especially those at lower
income levels, don’t share their bosses’ zeal. Only about 70% participate in
their company 401(k) plans and thereby take advantage of company
contributions. Lower paid employees are especially absent from participation,
with 40% of those making less than $20,000 contributing (60% of those earning
$20,000 to $40,000), while 90% of employees earning $100,000 or more
participate.
Furthermore, the amount that employees could net
from withdrawals from defined contribution plans would be far less than the
$2.5 trillion total, probably less than the $1.8 trillion they pulled out of
their houses from 2003 to 2005. That $2.5 trillion total includes company
contributions that are not yet vested and can’t be withdrawn. Also,
withdrawals by those under 59½ years old are subject to a 10% penalty, with
income taxes due on the remainder.
With soaring stock portfolios now ancient history
and leaping house prices about to be, no other sources, such as inheritance
or pension fund withdrawals, are likely to fill the gap between robust
consumer spending and weak income growth. Consumer retrenchment and the
saving spree I’ve been expecting may finally be about to commence. And the
effects on consumer behavior, especially on borrowing and discretionary
spending, will be broad and deep.
Analysts' Forecasts and Brokerage-Firm Trading
THE ACCOUNTING REVIEW Vol. 79, No. 1 2004 pp. 125–149 Analysts’ Forecasts
and
Brokerage-Firm Trading Paul J. Irvine Emory University University of
Georgia
Collectively, these results suggest that analysts can generate higher trading
commissions through their positive stock recommendations than by biasing
their forecasts.
WHISPERS
OF MERGERS SET OFF BOUTS OF SUSPICIOUS TRADING...
August 27, 2006 NYTimes By GRETCHEN MORGENSONThe boom in corporate mergers is creating concern
that illicit trading ahead of deal announcements is becoming a systemic
problem.
Sartre, Courtesy of
Etherzone.com, on the Typical Criminal american B**l S**t: "The official
rate of inflation is a lie. Look at the expense on essentials. The price tag
of food has gone through the roof. Energy, medical, insurance and education
costs are unbearable. As the rise in local and state taxes far out pace any
minimal reductions on the federal level. The huge balance of payments trade
shortfall is no accident. Government deficits grow, as massive debt piles up.
No wonder the laws of economic veracity require a loss of purchasing power in
the value of the currency".
Insiders Selling At A Rate
Of 5 to 1!
'Peak Oil' Has Been Reached [In Part
The Work Of The criminal american (think tank/neo-cons/titans of
industry/cia/nsa,etc.) "geniuses" who have built up communist China
militarily and economically].
·
Record High Oil Prices
·
Consumer Confidence (consumption 65% of GNP) Down
·
Record High Deficits (budget, trade, attention,
intelligence, etc.)
YOU CAN'T BELIEVE A WORD
THEY SAY!
Wall
Street Lunacy 2007 
