�� THE FOLLOWING AT LEAST TO PREVIOUS (3-30-09) IS MUST READ:

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.

I�M A SELLER OF THIS RALLY AT THIS POINT�..

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...���

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

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.�

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. ï¿½ï¿½The 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-�-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