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Breakinews Original Archive
Al Peia Summary
Last quarter archive 2008
1st three quarters archives 2008
Breakinews Updates 1-1-07 to 12-31-07
Breakinews Updates 8-11-06 to 12-31-06
Breakinews Original Archive
Al Peia Summary
1st three quarters archives 2008
Breakinews Updates 1-1-07 to 12-31-07
Breakinews Updates 8-11-06 to 12-31-06
Breakinews Original Archive
Al Peia Summary
Breakinews Updates 1-1-07 to 12-31-07
Breakinews Updates 8-11-06 to 12-31-06
Breakinews Original Archive
Al Peia Summary
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Woe
to americans who Are All Prisoners Now All Americans are now imprisoned in a world of lies and deception
created by the Bush Regime and the two complicit parties of Congress, by
federal judges too corrupt, timid or ignorant to recognize a rogue regime
running roughshod over the Constitution, by a bought-and-paid-for media that
serves as propagandists for a regime of war criminals, and by a gutless,
ignorant public who have forsaken their self-respect.
CHEER: Ambrose
Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'...
Alexander Tytler: "The average age of the
world's greatest civilizations has been two hundred years JonesReport.com |
12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from
bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler
Andrew Jackson:
"There are no necessary evils in government. Its evils exist only in its
abuses."
AP: TOP 10 NEWS STORIES
'07...
Former
CIA Interrogator: We Carried Out Torture Because The White House Told Us To
Fire
out at building next to White House
FBI
agent threatened to arrest CIA interrogators in 2002.
Countdown:
Bushed! Countdown's list
of the top three Bush scandals you may have forgotten about because of all of
the new Bush scandals. This week's scandals: Habeas Corpus-Gate, Air-Gate and
NIE-Gate.
Bush administration:
Back off says war criminal and strategist dumbya bush on CIA tape probe CNN
HUCKABEE SLAMS 'ARROGANT' BUSH WHITE HOUSE
WYOMING DEM CHIEF: CLINTON WOULD
HURT PARTY...
LA's
gangland culture spreading chaos, violence into America's heartland...
Dodd ready to
mount filibuster to block telecom immunity
Naomi Wolf - "There hasen't been a real
investigation of 9/11."
Lee Hamilton Says the CIA Obstructed the 9/11
Commission
CIA
Failed To Fully Inform Congress About Destroyed Tapes CBS News
More
Evidence of Obstruction of Justice in 9/11 Investigation
Neocons Revise
WMD Entry on Wikipedia Propaganda Portal
Pelosi
and Harman Aided and Abetted 9/11 Cover Up
The
White House and Congress Knew about the CIA Interrogation Videotapes
USATODAYGALLUP POLL: Approval
of Congress sinks to new low...
9/11
Victims' Lawyers Blast Ground Zero Toxic Air Lies In Court
Bush
Authorizes Full Access to U.S. Roads for Even More Mexico-Based NAFTA Trucks
What is the CFR?: The Bush Clinton Bush Clinton
Administration
Olbermann:
Bush is a BOLD faced LIAR about NIE/Iran
Russia's
well-founded and rational deep suspicion of (particularly criminal america) the
West
Hillary
Campaign Tactic Backfires as Top Aide Quits
REPORT: FBI
Videotape shows Sharpton cutting a deal...
Victim:
Gang-Rape Cover-Up by U.S., Halliburton/KBR
Greenspan
sees early signs of U.S. stagflation
Poland
does not need U.S. missile defense base - ex-PM
Iran
Is No Threat and That’s Official “They stole our threat”
goes a headline in the Israeli daily Haaretz. The author is, of course,
referring to the recently published US National Intelligence Estimate (NIE)
composed by 16 American intelligence.....
Gov't official: No 'smoking gun' on Iran
Egypt Govt Accuses Israel of Meddling in Its
Ties With US
Paul: Israel Demanding U.S. Further Its Self-destructive
Pro-israel Mode and Invade Iran
Russia
warns of US missile shield retaliation
PA
Economy Worst Affected by Israeli Restrictions: WB
Israeli
Airstrikes in Gaza Kill 7
NASA 'on target for
return to the moon for the first time by 2020'…..riiiiight!..... UFOetry: We Never Went To The Moon -
The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'
History Channel Admits
WTC Tower Fell At Freefall Speed
FBI Now Admits Evidence
Used to Connect Oswald to Kennedy Assasination Was Bogus
Food
prices rising at highest rate for 14 years
Taj
Mahal Won't Accept bushit american Dollars as India Laments Lost Value
THE HILL: Dems Cave On
Spending...
China's Yuan at new high vs
dollar...
YEAR-ENDER: Home Sales
Plunge, Feed Recession Fears...
To Understand Business/Economics for the Coming Year The New Year Starts Here (scroll down for current date)
(1-7-08)
With sloth-like reflexes and speed the lazy, fallible frauds on wall street now
recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot:
The Prehistoric Sloth. Sloths all, the lunatic/frauds on wall street are slothish on america.
Recession in the US 'has arrived':
Merrill Lynch
Morgan Stanley
issues full US recession alert Ambrose Evans-Pritchard
Tuesday December 11, 2007 Morgan Stanley has issued a full recession alert for
the US economy, warning of a sharp slowdown in business investment and a
"perfect storm" for consumers as the housing slump spreads. In a
report "Recession Coming" released today, the bank's US team said the
credit crunch had started to inflict serious damage on US companies…..
Reuters House
prices seen falling 30 pct 12- 6-07 By
Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to
Stockton, California, will crash and suffer price drops of more than 30 percent
before the housing crisis is over, a report from Moody's Economy.com said on
Thursday. On a national level, the housing market recession will continue through
early 2009, said the report, co-authored by Mark Zandi, chief economist, and
Celia Chen, director of housing economics. The report paints a worsening
picture of the hard-hit housing sector, which is in the midst of its worst
downturn since World War II. While activity will stabilize in 2009, it will not
be until 2010 before a measurable improvement in sales, construction and
pricing will emerge, the report said…..
Earnings Recession Has Arrived U.S. corporate profits are in a recession, and the entire economy
can not be far behind. Slower sales and higher energy and labor costs are
forcing companies from Bear Stearns Cos. to Pitney Bowes Inc. to reduce
spending and hiring. Their efforts to keep earnings from eroding even further
raise the risk that the economy, already weakened by the steepest housing slide
since 1991, may shrink sometime next year. ‘The earnings recession has already
arrived, says David Rosenberg, North America economist for Merrill Lynch &
Co. in New York. We are going to see an economic recession in '08.…..’
BANK OF AMERICA Sees Bigger
Writedowns (12-12-07).....
MORGAN STANLEY first loss
ever; taps China for $5 Billion...
PAPER: Housing foreclosures
largest since Great Depression...
Home
Prices Fall for 10th Straight Month
Oil price spikes close to
$97...
CITIGROUP and MERRILL face
bigger writeoffs/dividend cuts, etc.....
CHEER: Ambrose
Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'... As central banks continue to splash their
cash over the system, so far to little effect, Ambrose Evans-Pritchard argues
things are rapidly spiralling out of their control Twenty billion dollars here,
$20bn there, and a lush half-trillion from the European Central Bank at
give-away rates for Christmas. Buckets of liquidity are being splashed over the
North Atlantic banking system, so far with meagre or fleeting effects.
"Liquidity doesn't do anything in this situation," says Anna
Schwartz, the doyenne of US monetarism and life-time student (with Milton
Friedman) of the Great Depression."It cannot deal with ….. that lots of
firms are going bankrupt. The banks and the hedge funds have not fully
acknowledged who is in trouble. That is the critical issue," she adds…..
NEWS
FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of
new yoke, new joyzey, and now caleefornia mob fame with his continuing message
for the past several years: buy real estate (and watch the values go
down…..riiiiight!).
Bank sues Trump over Chicago
tower loan...
Trump casino to miss interest
payment...
trump’s fired
Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J.
Mainstay Ends With Employee Killed – What else would you you expect from a
mobster’s casino in mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals,
understands drug money laundering/fraud and handles her own motions to recuse
her and like mobster trump should be in jail
... (see RICO Case)
(7-2-09) Dow
8,280.74 -223.32 -2.63% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,796.52 -49.20
-2.67% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 896.42
-26.91 -2.91% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $66.73
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.90 (reg. gas in LAND
OF FRUITS AND NUTS $3.00 REG./ $3.25
MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/
GOLD $931 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.41
PLATINUM $1,195 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.51% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! MODEST LOSSES RELATIVE TO REALITY SO SELL / TAKE ANY PROFITS IN
THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
America’s Effective Unemployment Rate at 18.7%? US loses
467,000 jobs, unemployment at 9.5% 'We're in the
Middle of a Crash': Black Swan... Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they kidding-bushies/paulsen
went so far as threaten martial law- prosecute now! They continue to allow the
wall street fraud and political theater doesn’t change their complicity) heat
on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
ANALYST FORECASTS: BULLS AND BEARS By Richard Shaw [there were 3 bull forecasts which are bull
s**t and not included in the following excerpt to preclude fraud and conserve
space; even the neutrals are a stretch]
…..BEAR - May 30: Morgan Stanley equity analyst Jason Todd says sell this
S&P 500 rally. He says Morgan Stanley does not see large upside above
825-850. He said, “In the rush to buy a cyclical recovery, it seems earnings or
valuation no longer matters. We would be comfortable with this view if the earnings
trough was closer, but it is not.”
BEAR - MAY 28: Berkshire Hathaway possible successor
to Warren Buffet, David Sokol, says they see no evidence of the green shoots
that been a stimulus to the stock market. He sees the most significant
headwinds to the electric utility industry in his 30 years, and see continuing
housing industry problems.
BEAR?/BULL? - May 28: PIMCO co-CEO Bill Gross (manager of
world’s largest bond fund) portrays “new normal” including accelerating
inflation toward the latter part of a three- to five-year cycle, and the need
to reexamine accepted notions about investing. He said stocks have not and will
not always outperform bonds, and having 60% to 80% of portfolio assets in
stocks may not always make sense. He believes the dollar will lose its status
as the reserve currency; Brazil, India and China (forget Russia) will offer the
best growth. The U.S. government will be selling trillions in Treasuries; the
US savings rate may rise significantly, and the consumer economy may be
shrinking long term due to the aging of the population.
BULL?/BEAR? - May 28: GMO CEO Jeremy Grantham predicts
higher US savings and lower consumption with many postponed retirements. He
sees some reasonable values within the stock market now and sees the third year
of the presidential cycle (2011) as the most promising. He is not certain that
a robust rally will continune. Like John Bogle, he believes in the principle of
having your age as the percentage of bonds in your portfolio. He expects a
bubble in emerging market stocks to develop.
BEAR - MAY 26: Comstock Partners portfolio managers
Charlie Minter and Marty Weiner, say P/E’s on “as reported earnings” are too
high in consideration of the long-term trend in earnings (now in down phase).
“Over the past 75 years, most market peaks topped at around 20 times reported
earnings, and the troughs occurred at around 10 times earnings. The financial
mania of the late 1990s pushed P/Es to over 40 times reported earnings, and the
following bust never brought P/Es below 18 times reported earnings. … Going
back to 1950, every instance where actual earnings rose above trend-line
earnings was followed by a period where actual earnings went well below
trend-line earnings. Comstock Partners believes that we have entered such a
period now, and that the market is trading at such a high multiple of
trend-line earnings that it will be difficult to make money.”
BEAR - May 19: Gluskin Sheff analyst David Rosenberg
(formerly of Merill Lynch) says this rally is a sucker’s rally based on short covering.
“The FTSE All-World market P/E ratio on forward earnings estimates is now
around 15x, well above pre-Lehman collapse levels and nearly double the lows
for the cycle … this was a rally built largely on short covering, pension fund
rebalancing and the emergence of hope wrapped up in ‘green shoot’ data points.
… On average, the S&P 500 undergoes a correction of more than 20% … at a
minimum, take profits”
NEUTRAL (BEAR?) - May 11: Baring Asset Management portfolio
manager Hayes Miller says “Estimates suggest there isn’t that much further to
run because equities are fairly valued … Earnings growth for 2009 and 2010
can’t support prices too much higher than where we are today.”
BEAR - May 11: HSBC Global Asset Management chief
investment officer Leon Goldfeld, chief investment officer at HSBC Global Asset
Management said it’s “hard to see” enough profit growth to justify higher stock
prices. The firm’s strategy will be to reduce its holdings of equities and move
into bonds and cash, he said.Bloomberg TV on June 1, said HSBC forecasts 900 as
the year-end price for the S&P 500 index.
NEUTRAL - May 11: Bloomberg compilation of analyst
forecasts of 2009 earnings for the S&P 500 is at $57.17 (not stated whether
“as reported” or “operating”). As of June 1, that puts the S&P at about
16.5 times forecasted earnings. Yale economist Robert Schiller said the
historic average is a multiple of about 16.3. [we note that we are not in an
average situation or stage of a market, however].
BEAR - May 11: Bank of America CIO for private wealth
management expects a 10% correction. He said, “We’re going to be in a very
volatile, chop-and-grind type of market. We’ve been shown that there is a small
light at the end of the tunnel, it’s dim but getting brighter, and that’s why
stock prices have come this far this fast. Now, it’s all about ‘show me.’”
BEAR?/ BULL? - May Letter: PIMCO co-CEO Bill Gross wrote: “Do not
be deceived by the euphoric sightings of “green shoots” and the claims for new
bull markets in a multitude of asset classes. Stable and secure income is still
the order of the day. Shaking hands with the new government is still the
prescribed strategy, although it should be done at a senior level of the
balance sheet. If the government indeed becomes your investment partner, you
should keep the big Uncle in clear sight and without back turned. Risk will not
likely be rewarded until the global economy stabilizes and the Obama rules of
order are more clearly defined.”
BEAR - April 17: Barclay’s analyst Barry Knapp
forecasts S&P 500 at 757 by year-end 2009. He said, “The equity market has
priced this recovery and then some. It looks pretty expensive to us.”
(7-1) SELL /
TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-30) SECULAR
BEAR MARKET SUCKERS’ RALLY TO END WELL OFF SESSION LOWS TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING
TO KEEP SUCKERS SUCKERED Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget deficit
at new highs and trade deficit worse than expected, analyst who called crash
says inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-29) Worthless dollar/High oil price stock rally…riiiiight!...Then
there’s the madoff propaganda event Fraudster
Madoff gets 150 years, with prosecutors patting themselves on the
back when the reality is that there has been not even one prosecution in the
massive securities fraud which benefited the wall street frauds greatly and
make madoff look like a piker. Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy
a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-26) SECULAR
BEAR MARKET SUCKERS’ RALLY TO END MIXED. HOW MANY TIMES CAN THE WALL STREET FRAUDS,
WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND
BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE
FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF
THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE
BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS
COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED),
ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL
MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING,
CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER
FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-25) HOW
MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR
SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-24) SECULAR
BEAR MARKET SUCKERS RALLY CONTINUES FOR MIXED CLOSE TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; foreclosure sales up 2.4%, prices down 17%
year over year, world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
market got ahead of itself, stalled out, still
depression/more job losses, higher oil-gas prices / higher interest rates /
heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t)
the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-23) SECULAR
BEAR MARKET SUCKERS RALLY INTACT TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy
to shrink by worse than previously predicted 2.9% and big difference between
not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in
large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets , foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-22) ONLY
MODEST LOSSES RELATIVE TO REALITY IN THIS SECULAR BEAR MARKET TO KEEP SUCKERS
SUCKERED AND COMMISSION DOLLARS FLOWING [
Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
leading indicators up far more than
expected … bull s**t …based in large part on inflated stock price component …
more bull s**t … new reform with same old frauds say
increased capital requirements and oversight of the overseers/rating agencies
(riiiiight!…same old,same old - already have but no will to enforce existing
laws, etc.), analyst who called crash says inflationary depression, banks
passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage ----- Existing home foreclosure sales up, and no profit discount car sales
better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-19) SECULAR
BEAR MARKET PROGRAMMED SUCKERS RALLY
INTO THE CLOSE AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP
SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest rates
/ heavy debt to pare down is 1-3 year drag on economy, even if believed (I
don’t) the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets, foreclosure sales up, prices
down ,
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-18) MORE
TALK OF NEW REGULATORY SCHEME WHEN PROSECUTION AND DISGORGEMENT WOULD REALLY
BLUNT INCENTIVE FOR WALL STREET FRAUDS PROSPECTIVELY, SECULAR BEAR MARKET
PROGRAMMED SUCKERS RALLY ON LEADING
INDICATORS UP FAR MORE THAN EXPECTED … BULL S**T …BASED IN LARGE PART ON INFLATED
STOCK PRICE COMPONENT … MORE BULL S**T … AS STOCKS END MIXED STILL IN DEFIANCE
OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., market got ahead of
itself, stalled out, still depression/more job losses, higher oil-gas prices /
higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or
sustainable, viz., record spending with record low revenues, rating cuts for
bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%,
housing starts allegedly up but if believed will only increase the plethora of
unsold inventories, empire manufacturing index suffers unexpectedly severe
decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators up far
more than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same
old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets , foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-17) SECULAR
BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED IN
DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING
BASED ON CONTINUED BAD NEWS ( ie., rating cuts for bank
sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget deficit
at new highs and trade deficit worse than expected, analyst who called crash
says inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as energy
rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-16) SECULAR
BEAR MARKET AND ONLY MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED
AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., analysts concur in significant 5-15% pullback/correction for
stocks, institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits, hyperinflation,
record continuing unemployment claims at 6.8 million, worthless Weimar dollar
crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND
BULL S**T ALONE (ie., Analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-15) SECULAR
BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO FINISH WELL OFF THE LOWS
WITH MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION
DOLLARS FLOWING BASED ON CONTINUED BAD NEWS (
ie., empire manufacturing index suffers unexpectedly severe decline…daaaah!,
credit dard defaults at record high, analysts concur that fundamentals don’t
support stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets -----
mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more money
you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with
more job losses to come, etc., new
record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-12) HOW
MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR
SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
, 300 - 1,000+ % SWING TO THE UPSIDE INTO
THE CLOSE IN THIS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS
SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets AND BULL S**T ALONE (ie., Analyst
who called crash says inflationary depression, banks passed stress tests only
with the help of fraudulent change in accounting rules, banks still insolvent,
toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil
by end of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets ,
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-11) MODEST
LOSSES WITH SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP
SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., budget deficit at new
highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. AND BULL S**T ALONE (ie.,
Analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-10)
INFLATIONARY DEPRESSION IS THE CALL EVEN AS SECULAR BEAR MARKET PROGRAMMED
SUCKERS RALLY CONTINUES TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING
BASED ON CONTINUED BAD NEWS ( ie., Analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year
What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-10) SECULAR
BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS SUCKERED AND COMMISSION
DOLLARS FLOWING BASED ON CONTINUED BAD NEWS (
ie., record continuing unemployment claims at 6.8 million, worthless Weimar
dollar crashing, money supply exploding
with hyperinflation/higher interest rates coming, budget deficit at new highs
and trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’ rally,
record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers blast
Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-9) SECULAR
BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED
BASED ON CONTINUED BAD NEWS ( ie., Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake government
reports near 40% better than private estimates - I don’t think so! …now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-8) FAKE
GOVERNMENT JOBS REPORT FUELS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO
KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS (
ie., Fake government job loss report near 40% better than private forecasts…I
don’t think so!…9.4% unemployment rate…try well over 10% and with stopped
looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports
better than private estimates…riiiiight!
President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-5) SHORT-COVERING/SUCKERS
RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports
slightly better than private estimates…riiiiight! Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-4) SHORT-COVERING/SUCKERS RALLY TO
KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., US retailers
report May sales declines Tiny Tim says dollar assets
safe... Laughter from
audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service
sector job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New
Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will now
own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new
record decline in real estate prices,
$80+ oil coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing
unemployment claims, fed downgrades outlook that previously provided b.s. for
suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports slightly better than private
estimates…riiiiight! Benefit spending
soars to new high US retailers
report May sales declines Tiny Tim says dollar assets
safe... Laughter from
audience... Why The Chinese Laughed At Geithner [$$] SEC
Unveils Civil Charges Against Former Countrywide CEO Mozilo (at The Wall Street
Journal Online) Financials, surging
commodities lift Wall Street (Reuters) Countrywide's
Mozilo charged with fraud Review: Dazzling
Palm software beats the iPhone (AP) Bond Market Blowout Fail, Fail, Fail, Fail Rising
Interest on Nations’ Debts May Sap World Growth Goldman
Raises Year-End Crude Forecast by 31% to $85 Benefit spending
soars to new high
Tiny Tim says dollar assets
safe... Laughter from audience... Why The Chinese Laughed At Geithner Paul Craig Roberts | The red ink
that Washington is generating is a far greater threat to Americans than any
foreign “enemies.”
(6-3) ONLY
MODEST LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY
INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps. down, service sector job losses/factory orders
worse than expected, new record continuing unemployment claims, bernanke spend
more money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative AND BULL S**T ALONE (ie., $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-2) SUCKERS’
RALLY CONTINUES TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS The Big Collapse Is Very Near U.S. auto sales drop, but rays of stability
seen Economic crisis boosts distrust of business: watchdog Dollar Declines as Nations Mull Reserve Currency
Alternative Grand Theft Auto: How Stevie the Rat bankrupted GM Gold, Silver Climb as Dollar Falls Home
foreclosure sales up, no profit discount car sales better than expected
Diluting like crazy through new stock bubble issues YAHOO…To that point, Moody's stated that
it expects U.S. rated banks will incur some $470 billion pretax loan losses and
write-downs in 2009 and 2010, and also expects many banks will be unprofitable
this year. Moody's is keeping a negative outlook on the banking industry rating
and the industry's credit outlook. …Semiconductor stocks (-3.3%) showed
weakness for the entire session. Their downturn came after Applied Materials (AMAT 11.61, -0.44) chief
executive Mike Splinter stated that there will be more failures in the
semiconductor equipment sector amid declining customers, according to
Reuters... Sacrifices
are needed to save GM, Obama tells Americans Guardian | “Difficult times lie ahead,” said Obama. “More
jobs will be lost, more plants will close. More dealerships will shut their
doors and so will many parts suppliers.” The Big Collapse
Is Very Near Robert Wenzel | The end
of the current financial system, as we know it, is imminent. Today we’re all
prisoners in the USA Ted Rall | Obama wants to let government goons snatch you, me
and anyone else they deem annoying off the street so if true, then It’s
increasingly evident that Obama should resign Grand
Theft Auto: How Stevie the Rat bankrupted GM Greg Palast | Stevie the Rat’s plan is nothing less than Grand
Theft Auto Pension. (6-1) MORE CAN’T BE SAID, SO PREPOSTEROUS WAS
THIS TYPICALLY FAKE BETTER THAN EXPECTED (RIIIIIGHT!) COMMERCE DEPARTMENT DATA
SUCKERS’ RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS AND BULL
S**T ALONE ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Most U.S.
retailers likely saw sales fall in May GM files for
bankruptcy, urges quick action GM: A Mighty
Icon Files for Bankruptcy Dow gets
shake-up as GM, Citi kicked out of average GM removed from
S&P 500 index (AP) Stocks Will
Fall 37% and Gold Will Rally % Even in Crisis, Banks Dig In for
Fight Against Rules New York Times | The nine biggest participants in the derivatives
market — including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America
— created a lobbying organization, the CDS Dealers Consortium, a month after
five of its members accepted federal bailout money. Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem
Unemployment Bloomberg | World Bank President Robert Zoellick warned policy makers that
fiscal-stimulus plans are insufficient to turn around the “real economy” (5-29) PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW
DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD
NEWS ( ie., GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New
Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new
record decline in real estate prices,
$80+ oil coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing
unemployment claims, fed downgrades outlook that previously provided b.s. for
suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales
up, prices down , ‘SELL IN MAY AND GO AWAY’, so
SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! (5-28) Sowell:
Government’s Current Role in Business the ‘Route’ to Fascism Foreclosure
woes mount for those with good credit Fed Finds a Way
to Use Stress Tests to Screw Bank Shareholders One More Time (at Seeking Alpha) Time Warner to spin off
AOL, ending ill-fated deal
[$$] Listen, But Don't Get
Suckered Faber: Inflation to 'Approach
Zimbabwe Level'... U.S. Weighs Single
Agency to Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and
Disgorgement in this Huge Fraud…Why (5-27) Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B
(AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) Treasury Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for Chapter 11 US
Government to Take Up 70% Stake in GM FDIC
Fund Running Dry Yahoo Finance | As the
FDIC has had to step in to take over more and more insolvent banks, the fund
has dwindled to dangerously low levels. At the same time, the number of problem
banks continues to grow at a rapid pace.
IRS tax revenue falls along with taxpayers’ income USA Today | Federal
tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest
April drop since 1981. (5-26) fake consumer
confidence reading 30+% better than private estimate sucker-rallies stocks
, Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars ) , (5-22)
Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Bill to Audit Fed Wisely Gains
Serious Momentum U.S. to Steer GM Toward
Bankruptcy Gold tops $960 for first time in
two months as dollar weakens South
Afica gold coin demand hits all time high Peter
Schiff called “Extremist” by Time Magazine Geithner
Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold
Poised for Third Weekly Gain as Dollar Slumps Against Euro “The
Odds on the Dollar, Treasury Bonds and the U.S. Government’s AAA Grade All
Heading for the Dumpster are Shortening” (5-21) Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new Treasury aid
(AP) Dollar
hits '09 low on rating fears; stocks dip (Reuters) U.K. to Lose AAA Rating at S&P as Finances Weaken U.S. Stocks Decline on Jobless Claims, greenspan, who
helped create the debacle and should thereby know, Warning Gold May Test $1,200 (5-20) The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18)
Suckers’ rally (The Suckers Rally, Japan Style …high
oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically it should be noted,
hypocritically censored my comments) et als really overdoes this group’s (among
others) effect on the u.s. , state of the world, etc.; truth be told, this group
like most of the interest/pressure groups including the masses, in the u.s.,
etc., are no more than a just a bunch of f**k-ups/vegetables who like the
aforementioned multitudes have really ‘mucked things up’ (for lack of a more
precise yet concise term) on this planet, probably irrevocably, and like the
many home-grown f**k-ups/vegetables, and in america particularly criminals,
jones refuses to acknowledge as culpable for the many reasons he refuses to
see, are but rather typically incompetent players contributing in there own
very special eccentric, neurotic, sick, venal, corrupt, etc., way to this
collective and cumulative result being this ever deflating (declining) ball of
chaos /confusion /criminality called earth (there are exceptions to the foregoing,
but in america, the same would be 5% or less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the largest
scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week Blue collar males lose more
ground; unemployment rate surges past national average... (5-15)Highest credit card default rates in
26 years at 10+%, the real economy in terms of
unemployment, income, and debt far worse than their rosy ‘green shoots’
scenario to help froth the market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news worse than expected, ie., weekly job
losses higher than expected 637,000, wholesale inflation rate .3%, BEAR ALARM US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A
manmade disaster created by the Federal Reserve, banking and Wall Street, and
these are the same corrupt group who our government has chosen to rectify the
problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s worth noting in a Wall Street Journal
editorial hedge fund manager Andy Kessler said in no uncertain terms, “this
sure smells to me a suckers rally,” largely because “there aren't sustainable,
fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales Unexpectedly
Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to
8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc.. America is broke. How
broke? NSN Money |
Government obligations for Social Security and Medicare may soon exceed the
combined net worth of every household and nonprofit organization in the
country. Everyone is familiar with the old saying, "what goes
up must come down." Certainly the stock market has mounted a serious
challenge to this old saying since bouncing off its lows in March and continues
to defy gravity…In the face of unrelenting bad news, the market has been
climbing because the news is "less bad," Gentle Ben and his Merry
Band of Feds see "green shoots" and the financial press continues an
unrelenting mantra of "recovery lies just ahead." It seems like the
markets will never stop climbing, but they will, because contrary to what you
hear on CNBC and read in the financial press, the laws of gravity have not been
repealed and it's still true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over
seven weeks ending in early January, only to plunge to a new low. It was a
fairly typical sucker’s rally and bear markets often need more than one to
create sufficient disillusionment for a definitive bottom. The 2000–2002 bear market had three, with
average gains of 21 per cent in the Dow Jones Industrials over 45 days. The
granddaddy of all bear markets, 1929 –1932, had six false alarms with an
average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by at
least a third four times in its first four years with 10 more false dawns since
then. Bear markets typically end with a whimper rather than a bang, casting
doubt on the latest recovery according to Hussman Econometrics, which analysed
numerous US market bottoms and bear market rallies. With the exception of the
1987 crash, the month before the lowest point of a downturn saw a gradual
descent. By contrast, bear market rallies were preceded by steeper declines and
had sharper rebounds. Another characteristic of bear market rallies has been
modest volume on the rebound compared to the decline. The current recovery fits
the pattern of bear market rallies in terms of volume and the “V” shape of the
trough. Analysts at Bespoke Investment Group noted that there have been only
seven other periods in the past 110 years with rallies of similar magnitude for
the Dow. Three preceded the Great Depression, three came during the Depression
and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin:
"This rally is still somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The current pop in the market is not dissimilar to
the many bear market rallies between 1929-1933, where signs of economic
stabilisation were met with 25% plus rallies... This optimism was subsequently
crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are
getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
Corporate
CFR Members Get Most of the Bailout Money New American | Treasury Secretary Timothy Geithner served as a
staff member of the New York City-based Council on Foreign Relations before
being hired in 2003 to head the New York City branch of the Federal Reserve
Bank.Watch out for the fake
government stress tests (they lie about everything!). Note the delay in the
rollout. Bank analyst Cassidy says bank plan a failure. Business week business
analyst /reporter says (tongue in cheek) the optimism (irrational exuberance)
must be the advent of spring and the birds chirping (in the heads of the wall
street lunatic/frauds…cukoos). Analysts/Economists comments include: slow
release of stress test results, details and accuracy of data crucial for stress
tests (good luck!), things have not bottomed out but pace of decline has slowed
somewhat, bleak outlook for GM, Chrysler and bankruptcy probably necessary
because of legacy costs, and public pension funds with ridiculously rich
benefits the next shoe to drop. Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). Four more banks closed by regulators,
this years closures exceeding all of 2008 as depression continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO
(MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s
deposit insurance fund nearly $700 million as the effects of the credit crisis
continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American Southern Bank
marked the 26th bank failure of the year and the fifth in the state of Georgia,
the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became
the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First
Bank of Beverly Hills. Alpharetta, Ga.-based Bank of North Georgia has agreed
to assume American Southern Bank's deposits, the FDIC said in a statement…
All reasons
for previous reality plunge have been previously covered and warned of here in
real time; ie., new meaningless FASB accounting standards which wall street
frauds rallied on now have sold off on, worse to come in credit
defaults/losses, leading indicators down again, etc.. April 17 (Bloomberg) -- David Tice, the
chief portfolio strategist for bear markets at Federated Investors Inc., said
the Standard & Poor’s 500 Index will probably plunge about 62 percent. He spoke during a Bloomberg
Television interview today. The Federated Prudent Bear Fund that he founded
returned 6.7 percent last year as the S&P 500 plunged 38 percent, the most
since 1937. Tice said the benchmark index for U.S. stocks may slump to about
325. It closed today at 865.30. The measure has surged 28 percent since March
9, the most in five weeks since the 1930s. SUCKER'S RALLY APPROACHING AN END by Peter
Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming … The stock market pattern in 2008-9
has so far been a mirror image of the crash of 1929-30 with a halving of prices
from the autumn followed by a 25 per cent rally from March lows. In April 1930
stocks moved sideways and then they crashed another 50 per cent into the
summer… New record continuing unemployment claims in excess of 6 million, -11%
for new home sales (unexpected but stocks and even homebuilders rallied),
Bloomberg reports $13 trillion (much unaccounted for) taxpayer/bailout funds
spent/lent/stolen by who knows what/where/how (ie.,replace stolen funds?,
etc.), second largest mall co. to bankruptcy with more to come along with more
commercial real estate foreclosures. ‘…initial claims for the week ending April 11 totaled
610,000, which is down more than expected from the prior week, but continuing
claims climbed more than expected to a new record of 6.02 million. Separately,
housing starts disappointed investors hoping to find signs of a recovery in
home building. Housing starts for March totaled 510,000, which was below the
540,000 starts that were expected and down from the prior month. Meanwhile,
building permits in March totaled 513,000, which is below the 549,000 permits
that were expected, down from February…’
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Industrial production down –13%, most since
WW2. The wall street frauds celebrate increase real estate sales…on increased
foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums end US foreclosures up 24 percent in 1st
quarter Jim Rogers Says Investors
Should Expect More Bottoms Still not one prosecution as new churn and
earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell
the sizzle tech sector now the wall street frauds’ refuge-remember the dot com
bust, etc.). BULL S**T STORIES FOISTED AS B.S. TALKING POINTS FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER
MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT-
GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY
AND REPORTS QUARTERLY $1.8 BILLION
PROFIT - MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25
BILLION AND REPORTS QUARTERLY $1
BILLION LOSS - BANK OF AMERICA RECEIVED
$45 BILLION AND REPORTS QUARTERLY $3+
BILLION PROFIT AND SETS ASIDE $13 BILLION FOR LOAN LOSS RESERVES – MORGAN
STANLEY RECEIVED $10 BILLION AND REPORTS QUARTERLY $1 BILLION LOSS - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS
COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON
HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT
TOTAL BULL S**T! …[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting
burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.].
U.S. Treasury
asking banks keep quiet on stress tests New
unemployment claims at high 654,000 praised as positive number… riiiiight! …as
continuing unemployment claims at record 5.84 million (real numbers even
worse). Economy so bad that consumers can’t buy goods so trade deficit shrank
but this is a structural defect in u.s. economy so not good news and consistent
with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation,
robbing peter to pay paul, take profits; while economist cite Reich that we’re
in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%,
more weakness, more unemployment, inflation to come on fast says Hogan, and insurance
companies now que up at corporate welfare/taxpayer bailout lines. In positing
(suckers’) bear market rally and advocating hold cash/sell stocks Hillary
Kramer points to the preposterous on wall street where bad news greated as good
vis-ŕ-vis stocks (they call what wall street does ‘fraud’…in a rational world
where they would already be in jail). Madman Cramer –
the ultimate contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View Courtesy of ETF.COM:
‘…Due to our expectations of continued weakness in the financial sector, the
looming deterioration of commercial real estate, the credit markets tepid
backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…
THE
FOLLOWING AT LEAST TO PREVIOUS (7-1-09) IS MUST READ:
SELLER
April 17 (Bloomberg) --
David Tice, the chief portfolio strategist for bear markets at Federated
Investors Inc., said the Standard & Poor’s 500 Index will probably
plunge about 62 percent. He spoke during a Bloomberg Television interview today. The
Federated Prudent Bear Fund that he founded returned 6.7 percent last year as
the S&P 500 plunged 38 percent, the most since 1937. Tice said the
benchmark index for U.S. stocks may slump to about 325. It closed today at
865.30. The measure has surged 28 percent since March 9, the most in five weeks
since the 1930s.
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Madman Cramer – the ultimate
contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top…..
Rational
View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’
Art Hogan recently summed up choosing stocks in
this environment thusly: ‘pick the best-looking horse at the glue factory’…..I
think he was as a courtesy to his industry overly generous. The administration
pitches hardballs to the auto industry while continuing to pitch powder puffs
to the wall street frauds who have perpetrated the largest (securities) fraud
in recorded history, turning a cyclical downturn into what is now unavoidably
depression, putting beleagered taxpayers in the unfathomable position of
funders/guarantors of the scam/fraud in bailing out the perpetrators of the
crimes (bush’s infamous base) who have financially benefited enormously (fees,
commissions, spreads, points, salaries, expenses, bonuses, etc.) from their
fraud/crimes. Still not even one prosecution
from this administration even though disgorgement, the legal remedy among other
criminal penalties, would aid the defacto bankrupt u.s. treasury!
ON WHETHER BEN
BERNANKE HAS REDEEMED HIMSELF AND WHAT THAT MEANS FOR STOCKS:
I do not think so. On the contrary, I think what the government
is doing and its economic "dream team" under Mr. Bernanke and Mr.
Geithner and Mr. Summers are going to be, from a longer term point of view,
rather negative.
But, you understand, we can all sit here and say it will all end in disaster.
That I'm sure. But, in the meantime, we can have big moves in markets.
On the new
bad assets purchase plan:
I think he's doing the politically expedient thing from a very
short term perspective. If you have cracks in your walls and just put paint on
it, it will hide them and then you sell your house. But it won't solve the
problems of the cracks - it's the next owner and these are the children of the
current taxpayer who will pay for it. Marc Faber: 'It Will All
End in Disaster'
China calls for new global
currency (AP) Why Goldman
Sachs Should Return Its TARP Money (at Seeking Alpha) Marc Faber:
'It Will All End in Disaster' Congresswoman presses Geithner
on connections to Goldman Sachs Gerald Celente Predicts
Economic Armageddon by 2012 Geithner Plan Will Rob US
Taxpayers: Stiglitz
It bears repeating, so
preposterous was 3-23-09 Pavlov dogs rally [conditioning to associate what’s
good for fraudulent wall street, viz., privatizing profits – still not one
prosecution for what now is the largest fraud/scam/swindle in the history of
this planet – and socializing the losses, is somehow positive for america/the
economy by the magnitude of this suckers’ bear market rally and prior market
manipulations] when the same created the instant crisis in the first instance
(don’t worry about the frauds on wall street, they’ll get their commissions
again on the way down as they did in creating this financial debacle/fraud as
they clamor for more taxpayer/treasury money).
They’re still printing/creating those worthless Weimar dollars like mad,
China Urges New Money Reserve to Replace Dollar ,don’t know what they’re doing, are clueless, and disingenuously seek to
divert attention from the missing/stolen/bilked $14 trillion of taxpayer money
with the subterfuge of outrage over the relatively miniscule though not
unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt:
Analyst U.S. Budget Office offers darker economic and deficit
outlook The
Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar
Fierman: How quickly things
change…..
Some stats from today’s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and
the stock market felt like it was forecasting the end of the world. We’ve now
rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they
really don’t seem to justify such an explosive move. Citi said they were profitable in
the first two months of the year and JP Morgan (JPM)
and Bank of America (BAC)
said they were too. The Fed initiated some serious
quantitative easing. And now Geithner’s toxic asset plan this
morning. I agree with the Capital Spectator when he wrote this morning:
We’re skeptical largely because the rally this
month has drawn power primarily from a new round of hope that Washington’s
various experiments to right the economy will finally hit pay dirt. Perhaps,
but it’s not the stuff that powers sustainable rallies, much less secular bull
markets. We’re Sellers of This Rally!
Lawrence York
‘Treasury Secretary Geithner has released his plan to mop-up the
toxic assets held by banks that threaten their solvency and the global
financial system. Accordingly, the plan purposes that private equity firms
partner with the Fed to purchase bank assets at some discount set by the
private firms at auction. Then the Fed will leverage the purchase six-fold to
buy more bank assets and assume all the risk of leverage. In other words,
private firms will set the price and then put up half the initial purchase
price. The Fed will then put up non-recourse loans to purchase six times more
debt at the same price to be owned by the joint venture partners. If the deal
works private equity splits the booty equally. If the deal fails, the
government loses upwards to six times taxpayer's money and private equity loses
only its original equity match equal to 1/6 the total loss.
Flabergasted? Don't be. How often can you cut a deal where you get
to set the price and your partner puts in six times your money and you split
the profit. IF THESE DEAL TERMS DON'T UNDERSCORE WHY THE GOVERNMENT SHOULD NOT
HANDLE YOUR MONEY AND WHY THE GOVERNMENT SHOULD STAY OUT OF BUSINESS, WHAT
DOES? Other deal terms are that the Fed will designate the private equity
players, at least initially. Could it be that the Fed is creating another
pass-through mechanism to simultaneously bail out or reward its friends? If so,
look for Goldman Sachs (GS),
Merrill, Blackstone (BX),
Carlye Group, Texas Pacific Group, and perhaps Bear Stearns to be players. Look
also for the typical MOS of some Structured Investment Vehicle, not much
different from the Maiden Lane III SIV, to backstop or divert money where it
needs to be--by gratuitous selection that is. Oh, and never mind that Private
Equity may be joined by the Libyan Investment Authority (LIA and Private Equity
article by Financial Times) as Private Equity at
present is having a bit of a liquidity crunch with their own deflated, illiquid
assets. In short, the Geithner Toxic Asset Plan is just another bank bailout
and footnote to this era of 'Dark Capitalism" where profits are reaped and
losses socialized in an ever transparent way.’
Trevisani: ’…The beginning
of quantitative easing calls all three ideas in question; it increases the
supply of dollars effectively lowering US interest rates well below Europe’s;
the need for such an unprecedented step undermines the hope for a US recovery;
and a devaluing dollar cannot be a safe haven. Add the projected Federal
deficits and the dollar begins to look very vulnerable. If the Europeans go
down the same quantitative road then the dollar’s disabilities may be matched
by the euro’s. But if they are not, then the Bernanke dollar call may not be an
option to buy but a call to sell…’ China and most of the financial world outside the u.s. agrees with
the latter. China Urges New Money Reserve to Replace Dollar Kremlin to Pitch New Currency...
EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear
market, we slide down the slope of hope. Unfortunately, we have seen plenty of
good examples of how that works over the past year. We have had dozens of new
initiatives to try to bolster the economy that create hope for a few days. The
market will get excited and we'll have some big point gains, but then doubts
begin to surface about how easily it will be to turn this economic supertanker
that is going over a waterfall. The buying stalls out, a few dip-buying
attempts are made, but eventually we break support levels and more downside
ensues. That is classic bear market action but the standard Wall Street
reaction is to not accept it…[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the
amount at $600+trillion] …INVESTORS
…..FOOLED (at least today) By Rev Shark …..realization that
economic stimulus isn't going to be nearly as simple or easy (or effective) as
it sounds. We aren't going to spend our way out of this economic spiral …We'd
probably be better off if the government did less rather than more. The great
likelihood is that the unintended consequences we suffer will prolong the whole
cycle. We have to let some bad businesses and financial institutions fail…
HERE’S THE REAL DEAL:
SUMMARY/RECAP OF LORIMER WILSON 3-17-09 ANALYSES/REVIEW
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Russell
Napier is the
author of the book “Anatomy of the Bear”, a professor at the Edinburgh Business
School and a consultant to CLSA Ltd. which is one of the top research houses in
Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow
30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling
the end of the bear market, as it has done at the end of the four largest U.S.
market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and
books including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11 on the
financial Richter scale causing a collapse of historic proportions; and
“Conquer the Crash: You can Survive and Prosper in a Deflationary Depression”
(2002) in which he described the economic cataclysm that we are just beginning
to experience and advised how to position one’s self financially during that
period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to
below 777 which was the starting point of its mania back in August 1982, and
quite likely drop below 400 at one or more times during the bear market.
Regulator: Before Banks
Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial
institutions collapsed, they went to the Financial Accounting Standards Board,
pleading for a change in mark-to-market accounting rules so that they can
continue to appear to be solvent on their balance sheets and hence, continue to
defraud the public as they are now once again trying to do. This says it
all! Will FASB remain viable by
resisting fudge/fraud factor. Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds
on wall street
Why we think this is a (suckers’) bear
market rally:
Citing 13 reasons that the bear will continue in spite of
this rally seems appropriate.
1. Current P/E: the current 20+ P/E on trailing “as
reported earnings” is too high for this set of negative sales, earnings and
dividends growth conditions.
2. Forward P/E: the projected 2010 S&P 500 earnings by
Standard and Poor’s at about $40 would only support 800 at best (20 P/E), and
more likely would support 600 (15 P/E), assuming there was a general recovery
under way — before that time, the current market should sell for less than 800,
and perhaps less than 600.
3. Earnings: profits are still declining in the aggregate
4. Dividend Yield: banks and other companies continue to
cut dividends, reducing stock appeal and putting total return in question until
dividends stabilize and begin to grow (historically dividends generated about
1/3 of total return for the S&P 500)
5. Revenue: overall sales are down — declining sales,
earnings and dividends are not reasons for bullish markets.
6. World GDP Growth: credible parties (Goldman Sachs, IMF,
and noteworthy individuals, such as Nouriel Roubini, predict worsening global
economies) — until forecasts for improvements within 12 months or less for the
US or world economies become prevalent, the market is unlikely to “anticipate”
with a sustainable trend reversal to a bull
7. Government Intervention: the US and global economies
are currently highly government policy dependent, and while policies are becoming
more clear, they are not all revealed, and there are suggestions more may be
needed — the resulting uncertainty warrants low valuation until government
policies to “save” and “stimulate” economies are no longer the centerpiece of
investor hopes and earnings prospects
8. Real Estate: the US and global real estate asset
deflation continues with waves of negative impact on household and
institutional wealth — until property prices stabilize, or are believed to be
about to stabilize, a new bull market will have difficulty gaining traction.
9. Other Bank Shoes to Drop: the major banks have not yet
experienced likely future write-downs associated with non-mortgage asset types,
such as credit cards and auto loans.
10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is
uncertain with unknown government involvement.
11. LBOs: private equity firms built on leverage may not
be able to continue to service and rollover the debt they used to make recent
optimistic acquisitions — those debts could be a further burden on the
financial sector.
12. Retirees and Pre-Retirees: the 55 and over crowd who
control the largest portion of US private assets are not as likely to risk
their life accumulations in stocks relative to bonds as they were in the boom
times of the last couple of decades — that will delay the onset of a bull and
subdue the extent of a bull when it occurs
13. Credit Availability: the credit and leverage availability
that helped the US stock market recover from the 2002-2003 bottom is not
available at this time to increase household expenditures and corporate capital
investment — even the US government may be put on credit rationing by China,
which today said it is “worried” about the credit quality of their US Treasury
holdings, which has implications about their willingness to support the
borrowing our “stimulus” programs require and assume to be available. By Richard Shaw
Analyst Andre Egleshion points to continuing
effect of credit default swaps and pegs the amount of the worthless, fraudulent
(previously sold, commissioned, repackaged, resold, re-commissioned, etc.)
securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed’s
received $11.7 trillion since 2008 yet refuses transparency as to where funds
spent, who received same, etc., agrees with comment that shockingly no
prosecutions yet, economy re-tooling,
need for stiffer regulation, points to historical fact that fiat currencies and
private central banks have consistently failed, sees hyperinflation with dollar
weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to
funny money, other fraud, relaxation of rules/laws/enforcement (real asset
values) (remember the exemption from RICO garnered by fraudulent wall
street-those campaign contributions really pay off, etc.) ], spur suckers’ bear
market short-covering rally to keep the suckers suckered and commission dollars
flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! NOW LISTEN HERE, FOR THIS IS TRUTH!: There
is not enough money in the entire world to cover the fraudulent securities
foisted/commissioned/ distributed/sold by the wall street frauds/perpetrators
which if assumed/guaranteed by the u.s. government (don’t forget that social
security/medicare are already technically insolvent/bankrupt - all
monies/reserves going into the general account and already and continually
spent) will only guaranty the insolvency of / worthlessness of the currency of
the u.s. treasury.
Cost to buy
protection against U.S. government default surges Frank just said
that he wants to prosecute those who’ve caused this crisis…waxman was
supposedly doing just that in part (fog
of war fraud-360 tons of $100 dollar bills stolen), etc…. If they don’t do this
as said, among others, they should be forced resign as complicit. THERE IS NO
MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE
DISGORGEMENT! Celente: U.S. Has Entered “The
Greatest Depression” …‘… Watch for fake reports and continued
jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain
protective of the criminals who caused the crisis with their fraud in
staggering amounts far beyond the substantial scam by madoff ($50 billion) who
now audaciously from his $7 million NYC penthouse seeks ownership of same along
with $62 million (only in systemically fraudulent america). Why are they not
seeking disgorgement from the criminals who benefited from the huge
multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim
geithner where the missing $4 trillion at the fed is…Why? Then there’s the $2
trillion in taxpayer money, the destination of which the fed refuses disclosure
of…Fed
Hides Destination Of $2 Trillion In Bailout Money …Why? How? This is criminal activity of
monumental proportion, yet protected by the bureaucratic complicit frauds (I’ve
experienced this directly in my RICO case), damaging
lives here and abroad. Then there’s
also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted
this nation, killed many innocents, etc., [remember, ie., the 360 tons of
hundred dollar bills flown into Iraq that democrats/land of fruits and nuts
henry waxman (doesn’t he look like a hedgehog or some other rodent) the lying
fraud talked endlessly about while republicans were at the helm, yet nothing…no
prosecutions…the frauds who stole that money should put same in the failed
‘stimulus fraud pot’…at the least, etc.].
An analyst previously said 2011-2014
earliest for bottoming at best. Another analyst previously pointed out there has been not
one prosecution thus far and the frauds on wall street should be prosecuted and
forced disgorgement. …[The upshot is that the fraud continues in churn-and-earn fashion
with investors, taxpayer, etc., getting burned for the sake of wall street
greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds
of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion
puts the amount at $600+trillion) have been
addressed much less solved; hence, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc.]. Analyst Frank Cochrane looks ahead to 4,000 to
6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and
says spending/stimulus programs will not work, a point on which he is correct
and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in
America In
case you believe that there are only “a couple of bad apples” in the United
States, here is an off-the-top-of-his-head (I could give many, many more
including my RICO case) list of
corruption by leading pillars of american society.
HOW
MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR
SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
PREVIOUS 7-1-09,
SELL / TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY
PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS 7-1-09,
6-30-09, SECULAR BEAR
MARKET SUCKERS’ RALLY TO END WELL OFF SESSION LOWS TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS
SUCKERED Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-29-09, Worthless
dollar/High oil price stock rally…riiiiight!...Then there’s the madoff
propaganda event Fraudster
Madoff gets 150 years, with prosecutors patting themselves on the
back when the reality is that there has been not even one prosecution in the
massive securities fraud which benefited the wall street frauds greatly and
make madoff look like a piker. Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic assets
even more toxic, dollar falling and a lot lower to go, $100 + oil by end of
year, Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
leading indicators up far more than
expected … bull s**t …based in large part on inflated stock price component …
more bull s**t … new reform with same old frauds
say increased capital requirements and oversight of the overseers/rating
agencies (riiiiight!…same old,same old - already have but no will to enforce
existing laws, etc.), analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-26-09, Worthless
dollar/High oil price stock rally…riiiiight!...Then there’s the madoff
propaganda event Fraudster
Madoff gets 150 years, with prosecutors patting themselves on the
back when the reality is that there has been not even one prosecution in the
massive securities fraud which benefited the wall street frauds greatly and
make madoff look like a piker. Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’ rally,
record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-26-09, SECULAR BEAR MARKET SUCKERS’ RALLY TO END MIXED.
HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE
SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST
RECENT MASSIVE SECURITIES FRAUD, BUT
PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO
SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE
BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING
RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO
EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS
AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED
/RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE
TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE
THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME
FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-25-09, HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL
REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the plethora
of unsold inventories, empire manufacturing index suffers unexpectedly severe
decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
6-24-09, SECULAR BEAR MARKET SUCKERS RALLY CONTINUES FOR MIXED CLOSE
TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; foreclosure sales up 2.4%, prices down 17%
year over year, world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
market got ahead of itself, stalled out, still
depression/more job losses, higher oil-gas prices / higher interest rates /
heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t)
the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz., record
spending with record low revenues, rating cuts for bank sector, analysts concur
in significant 5-15% (reality says 15-25%) pullback/correction for stocks ,
institutional selling, industrial
production/construction down 1.1%, housing starts allegedly up but if believed
will only increase the plethora of unsold inventories, empire manufacturing
index suffers unexpectedly severe decline…daaaah!, credit dard defaults at
record high, analysts concur that fundamentals don’t support stock rally and
that pac money(defacto bribes) might derail any meaningful reform/regulation
which is of concern to the frauds on wall street who should be prosecuted,
record loss of wealth, higher gas prices, job losses, higher interest rates /
yields, higher commodity prices, higher deficits, hyperinflation, record
continuing unemployment claims at 6.8 million, worthless Weimar dollar
crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-23-09, SECULAR BEAR MARKET SUCKERS RALLY INTACT TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy
to shrink by worse than previously predicted 2.9% and big difference between
not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in
large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets , foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
6-22-09, ONLY MODEST LOSSES RELATIVE TO REALITY IN THIS SECULAR
BEAR MARKET TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
leading indicators up far more than
expected … bull s**t …based in large part on inflated stock price component …
more bull s**t … new reform with same old frauds
say increased capital requirements and oversight of the overseers/rating
agencies (riiiiight!…same old,same old - already have but no will to enforce
existing laws, etc.), analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical Damage
----- Existing home foreclosure sales up, and no profit discount car
sales better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-19-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS
RALLY INTO THE CLOSE AS STOCKS END
MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION
DOLLARS FLOWING BASED ON CONTINUED BAD NEWS (
ie., U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest rates
/ heavy debt to pare down is 1-3 year drag on economy, even if believed (I
don’t) the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets , new
record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., leading indicators up far
more than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same
old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets, foreclosure sales up, prices
down ,
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-18-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED STILL IN
DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING
BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest rates
/ heavy debt to pare down is 1-3 year drag on economy, even if believed (I
don’t) the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’ rally,
record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. , foreclosure sales up, prices
down ,
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-18-09, MORE TALK OF
NEW REGULATORY SCHEME WHEN PROSECUTION AND DISGORGEMENT WOULD REALLY BLUNT
INCENTIVE FOR WALL STREET FRAUDS PROSPECTIVELY, SECULAR BEAR MARKET PROGRAMMED
SUCKERS RALLY ON LEADING INDICATORS UP
FAR MORE THAN EXPECTED … BULL S**T …BASED IN LARGE PART ON INFLATED STOCK PRICE
COMPONENT … MORE BULL S**T … AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY
TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD
NEWS ( ie., market got ahead of itself, stalled
out, still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-17-09, SECULAR BEAR MARKET
PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED IN DEFIANCE OF
REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., rating cuts for bank
sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-16-09, SECULAR BEAR
MARKET AND ONLY MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND
COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., analysts concur in significant 5-15% pullback/correction for
stocks, institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets -----
mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more money
you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with
more job losses to come, etc, new
record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s. foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS 6-15-09, SECULAR BEAR
MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO FINISH WELL OFF THE LOWS WITH
MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION
DOLLARS FLOWING BASED ON CONTINUED BAD NEWS (
ie., empire manufacturing index suffers unexpectedly severe decline…daaaah!,
credit dard defaults at record high, analysts concur that fundamentals don’t
support stock rally and that pac money(defacto bribes) might derail any
meaningful reform/regulation which is of concern to the frauds on wall street
who should be prosecuted, record loss of wealth, higher gas prices, job losses,
higher interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s., new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst
who called crash says inflationary depression, banks passed stress tests only
with the help of fraudulent change in accounting rules, banks still insolvent,
toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil
by end of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets foreclosure sales up, prices
down ,
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-11,12-09, HOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
, 300 - 1,000+ % SWING TO THE UPSIDE
INTO THE CLOSE IN THIS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP
SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Venture
Capital Bubble Set to Burst, Kedrosky Says Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-10-09, MODEST LOSSES
WITH SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP
SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., budget deficit at new
highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-8,9-09, INFLATIONARY
DEPRESSION IS THE CALL EVEN AS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY
CONTINUES TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., Analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores buying
$50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-5-09, SECULAR BEAR
MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED
ON CONTINUED BAD NEWS ( ie., Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so! …now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-5-09, FAKE GOVERNMENT JOBS
REPORT FUELS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS
SUCKERED BASED ON CONTINUED BAD NEWS (
ie., Fake government job loss report near 40% better than private forecasts…I
don’t think so!…9.4% unemployment rate…try well over 10% and with stopped
looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off
Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports
better than private estimates…riiiiight!
President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-4-09, SHORT-COVERING/SUCKERS
RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports
slightly better than private estimates…riiiiight! Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-3-09, ONLY MODEST
LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY INTO
THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps. down, service sector job losses/factory orders
worse than expected, new record continuing unemployment claims, bernanke spend
more money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’ rally,
record low for new housing starts, etc.) AND BULL S**T ALONE (ie., $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-1-09, MORE
CAN’T BE SAID, SO PREPOSTEROUS WAS THIS TYPICALLY FAKE BETTER THAN EXPECTED
(RIIIIIGHT!) COMMERCE DEPARTMENT DATA SUCKERS’ RALLY TO KEEP SUCKERS SUCKERED
BASED ON CONTINUED BAD NEWS ( ie., GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New
Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new
record decline in real estate prices,
$80+ oil coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing
unemployment claims, fed downgrades outlook that previously provided b.s. for
suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales
up, prices down , ‘SELL IN MAY AND GO AWAY’, so
SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Most U.S.
retailers likely saw sales fall in May GM files for
bankruptcy, urges quick action GM: A Mighty
Icon Files for Bankruptcy Dow gets
shake-up as GM, Citi kicked out of average GM removed from
S&P 500 index (AP) Stocks Will
Fall 37% and Gold Will Rally % Even in Crisis, Banks Dig In for
Fight Against Rules New York
Times | The nine biggest participants in the derivatives market —
including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America —
created a lobbying organization, the CDS Dealers Consortium, a month after five
of its members accepted federal bailout money. Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem
Unemployment Bloomberg | World Bank President Robert Zoellick warned policy makers that
fiscal-stimulus plans are insufficient to turn around the “real economy”
ANALYST FORECASTS: BULLS AND BEARS By Richard Shaw [there were 3 bull forecasts which are bull
s**t and not included in the following excerpt to preclude fraud and conserve
space; even the neutrals are a stretch]
…..BEAR - May 30: Morgan Stanley equity analyst Jason Todd says sell this
S&P 500 rally. He says Morgan Stanley does not see large upside above
825-850. He said, “In the rush to buy a cyclical recovery, it seems earnings or
valuation no longer matters. We would be comfortable with this view if the
earnings trough was closer, but it is not.”
BEAR - MAY 28: Berkshire Hathaway possible successor
to Warren Buffet, David Sokol, says they see no evidence of the green shoots
that been a stimulus to the stock market. He sees the most significant headwinds
to the electric utility industry in his 30 years, and see continuing housing
industry problems.
BEAR?/BULL? - May 28: PIMCO co-CEO Bill Gross (manager of
world’s largest bond fund) portrays “new normal” including accelerating
inflation toward the latter part of a three- to five-year cycle, and the need
to reexamine accepted notions about investing. He said stocks have not and will
not always outperform bonds, and having 60% to 80% of portfolio assets in
stocks may not always make sense. He believes the dollar will lose its status
as the reserve currency; Brazil, India and China (forget Russia) will offer the
best growth. The U.S. government will be selling trillions in Treasuries; the
US savings rate may rise significantly, and the consumer economy may be
shrinking long term due to the aging of the population.
BULL?/BEAR? - May 28: GMO CEO Jeremy Grantham predicts
higher US savings and lower consumption with many postponed retirements. He
sees some reasonable values within the stock market now and sees the third year
of the presidential cycle (2011) as the most promising. He is not certain that
a robust rally will continune. Like John Bogle, he believes in the principle of
having your age as the percentage of bonds in your portfolio. He expects a bubble
in emerging market stocks to develop.
BEAR - MAY 26: Comstock Partners portfolio managers
Charlie Minter and Marty Weiner, say P/E’s on “as reported earnings” are too
high in consideration of the long-term trend in earnings (now in down phase).
“Over the past 75 years, most market peaks topped at around 20 times reported
earnings, and the troughs occurred at around 10 times earnings. The financial
mania of the late 1990s pushed P/Es to over 40 times reported earnings, and the
following bust never brought P/Es below 18 times reported earnings. … Going
back to 1950, every instance where actual earnings rose above trend-line
earnings was followed by a period where actual earnings went well below
trend-line earnings. Comstock Partners believes that we have entered such a
period now, and that the market is trading at such a high multiple of
trend-line earnings that it will be difficult to make money.”
BEAR - May 19: Gluskin Sheff analyst David Rosenberg
(formerly of Merill Lynch) says this rally is a sucker’s rally based on short
covering. “The FTSE All-World market P/E ratio on forward earnings estimates is
now around 15x, well above pre-Lehman collapse levels and nearly double the
lows for the cycle … this was a rally built largely on short covering, pension fund
rebalancing and the emergence of hope wrapped up in ‘green shoot’ data points.
… On average, the S&P 500 undergoes a correction of more than 20% … at a
minimum, take profits”
NEUTRAL (BEAR?) - May 11: Baring Asset Management portfolio
manager Hayes Miller says “Estimates suggest there isn’t that much further to
run because equities are fairly valued … Earnings growth for 2009 and 2010
can’t support prices too much higher than where we are today.”
BEAR - May 11: HSBC Global Asset Management chief
investment officer Leon Goldfeld, chief investment officer at HSBC Global Asset
Management said it’s “hard to see” enough profit growth to justify higher stock
prices. The firm’s strategy will be to reduce its holdings of equities and move
into bonds and cash, he said.Bloomberg TV on June 1, said HSBC forecasts 900 as
the year-end price for the S&P 500 index.
NEUTRAL - May 11: Bloomberg compilation of analyst
forecasts of 2009 earnings for the S&P 500 is at $57.17 (not stated whether
“as reported” or “operating”). As of June 1, that puts the S&P at about
16.5 times forecasted earnings. Yale economist Robert Schiller said the
historic average is a multiple of about 16.3. [we note that we are not in an
average situation or stage of a market, however].
BEAR - May 11: Bank of America CIO for private wealth
management expects a 10% correction. He said, “We’re going to be in a very
volatile, chop-and-grind type of market. We’ve been shown that there is a small
light at the end of the tunnel, it’s dim but getting brighter, and that’s why
stock prices have come this far this fast. Now, it’s all about ‘show me.’”
BEAR?/ BULL? - May Letter: PIMCO co-CEO Bill Gross wrote: “Do not
be deceived by the euphoric sightings of “green shoots” and the claims for new
bull markets in a multitude of asset classes. Stable and secure income is still
the order of the day. Shaking hands with the new government is still the
prescribed strategy, although it should be done at a senior level of the
balance sheet. If the government indeed becomes your investment partner, you
should keep the big Uncle in clear sight and without back turned. Risk will not
likely be rewarded until the global economy stabilizes and the Obama rules of
order are more clearly defined.”
BEAR - April 17: Barclay’s analyst Barry Knapp
forecasts S&P 500 at 757 by year-end 2009. He said, “The equity market has
priced this recovery and then some. It looks pretty expensive to us.”
PROGRAMMED
TRADES/SUCKERS’ HIGH OIL/LOW DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP
SUCKERS SUCKERED BASED ON BAD NEWS ( ie., GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE
(ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS 5-29-09, PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW DOLLAR
(RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS (
ie., GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE
(ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
5-28-09, SUCKERS’ RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED
BASED ON BAD NEWS ( ie., Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE
(ie., Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Foreclosure
woes mount for those with good credit Fed Finds a Way
to Use Stress Tests to Screw Bank Shareholders One More Time (at Seeking Alpha) Time Warner to spin off
AOL, ending ill-fated deal
[$$] Listen, But Don't Get
Suckered Faber: Inflation to 'Approach
Zimbabwe Level'... U.S. Weighs Single
Agency to Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and
Disgorgement in this Huge Fraud…Why
PREVIOUS
5-27-09, MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS
SUCKERED BASED ON BAD NEWS ( ie., Double-Dip Depression Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B
(AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND BULL S**T ALONE (ie., Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down Treasury Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for Chapter 11 US
Government to Take Up 70% Stake in GM FDIC
Fund Running Dry Yahoo Finance | As the FDIC
has had to step in to take over more and more insolvent banks, the fund has
dwindled to dangerously low levels. At the same time, the number of problem
banks continues to grow at a rapid pace.
IRS tax revenue falls along with taxpayers’ income USA
Today | Federal tax revenue plunged $138 billion, or 34%, in April vs.
a year ago — the biggest April drop since 1981. ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-26-09, suckers’ rally
to keep suckers suckered based on bad news ( ie., Case-Shillers index shows new record
decline in real estate prices, Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) and bull s**t alone (ie., fake consumer confidence reading 30+% better than private
estimate sucker-rallies stocks , Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-22-09, only very modest losses relative to reality based on bad
news ( ie., Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Bill to Audit Fed Wisely Gains
Serious Momentum U.S. to Steer GM Toward
Bankruptcy Gold tops $960 for first time in
two months as dollar weakens South
Afica gold coin demand hits all time high Peter
Schiff called “Extremist” by Time Magazine Geithner
Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold
Poised for Third Weekly Gain as Dollar Slumps Against Euro SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets
up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-21-09, only modest losses relative to reality as rally into the
close keeps suckers suckered based on bad news ( ie., Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new Treasury aid
(AP) Dollar
hits '09 low on rating fears; stocks dip (Reuters) U.K. to Lose AAA Rating at S&P as Finances Weaken U.S. Stocks Decline on Jobless Claims, greenspan, who
helped create the debacle and should thereby know, Warning Gold May Test $1,200 (5-20) The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The
Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos /confusion /criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-20-09, only modest losses relative to reality based on bad news ( ie., fed
downgrades outlook that previously provided b.s. for suckers’ rally, record low
for new housing starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ) , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The
Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick, venal,
corrupt, etc., way to this collective and cumulative result being this ever
deflating (declining) ball of chaos /confusion /criminality called earth (there
are exceptions to the foregoing, but in america, the same would be 5% or less)
]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week Blue collar males lose more
ground; unemployment rate surges past national average...
PREVIOUS
5-19-09, only modest losses relative to reality based on bad news ( ie.,
record low for new housing starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) ) , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.; truth
be told, this group like most of the interest/pressure groups including the
masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos /confusion /criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less) ]. Economy limiting services of local
police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-18-09, suckers’ rally (The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) accelerates into the close based on bad news
and bull s**t alone (Current
Recession Is Tracking the 1930s Bear Market ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of f**k-ups/vegetables
who like the aforementioned multitudes have really ‘mucked things up’ (for lack
of a more precise yet concise term) on this planet, probably irrevocably, and
like the many home-grown f**k-ups/vegetables, and in america particularly
criminals, jones refuses to acknowledge as culpable for the many reasons he
refuses to see, are but rather typically incompetent players contributing in
there own very special eccentric, neurotic, sick, venal, corrupt, etc., way to
this collective and cumulative result being this ever deflating (declining)
ball of chaos /confusion /criminality called earth (there are exceptions to the
foregoing, but in america, the same would be 5% or less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves Gold likely to test $950 level this week Blue collar males lose more
ground; unemployment rate surges past national average... (5-15)Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the
market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news worse than expected,
ie., weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where Trillions
Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-15-09, only modest
losses relative to reality as this suckers’ rally has been based on bad news and
bull s**t alone, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the
market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news worse than expected,
ie., weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and nonprofit
organization in the country. "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-14-09, suckers’ rally has been based on bad news and
bull s**t alone, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the
market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news
worse than expected, ie., weekly job losses higher than expected 637,000,
wholesale inflation rate .3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-13-09, modest losses
relative to reality, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! It’s worth noting in a Wall Street Journal
editorial hedge fund manager Andy Kessler said in no uncertain terms, “this
sure smells to me a suckers rally,” largely because “there aren't sustainable,
fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country. Everyone
is familiar with the old saying, "what goes up must come down."
Certainly the stock market has mounted a serious challenge to this old saying
since bouncing off its lows in March and continues to defy gravity…In the face
of unrelenting bad news, the market has been climbing because the news is
"less bad," Gentle Ben and his Merry Band of Feds see "green
shoots" and the financial press continues an unrelenting mantra of
"recovery lies just ahead." It seems like the markets will never stop
climbing, but they will, because contrary to what you hear on CNBC and read in
the financial press, the laws of gravity have not been repealed and it's still
true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-12-09, It’s worth noting in a Wall Street Journal
editorial hedge fund manager Andy Kessler said in no uncertain terms, “this
sure smells to me a suckers rally,” largely because “there aren't sustainable,
fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. ‘SELL IN MAY AND GO AWAY’ so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc.. Everyone is familiar with the old saying, "what goes
up must come down." Certainly the stock market has mounted a serious
challenge to this old saying since bouncing off its lows in March and continues
to defy gravity…In the face of unrelenting bad news, the market has been
climbing because the news is "less bad," Gentle Ben and his Merry
Band of Feds see "green shoots" and the financial press continues an
unrelenting mantra of "recovery lies just ahead." It seems like the
markets will never stop climbing, but they will, because contrary to what you
hear on CNBC and read in the financial press, the laws of gravity have not been
repealed and it's still true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically end
with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting, they
are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-11-09, only modest losses relative to reality, ‘SELL IN
MAY AND GO AWAY’ so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc.. Everyone is familiar with the old saying, "what goes
up must come down." Certainly the stock market has mounted a serious
challenge to this old saying since bouncing off its lows in March and continues
to defy gravity…In the face of unrelenting bad news, the market has been
climbing because the news is "less bad," Gentle Ben and his Merry
Band of Feds see "green shoots" and the financial press continues an
unrelenting mantra of "recovery lies just ahead." It seems like the
markets will never stop climbing, but they will, because contrary to what you
hear on CNBC and read in the financial press, the laws of gravity have not been
repealed and it's still true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-8-09, the flaming full moon and effect on lunatic wall street
frauds and bull s**t alone (false data, not as bad as expected…riiiiight!…,
etc.) irrationally exuberantly rally stocks so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Unemployment up to 8.9%, US
unemployment hits 25-year high China fears bond
crisis as it slams quantitative easing The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with reality," says
Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler
tells Andrew O'Day "this is a good example of a year where you probably
have a lot of hope early, then the reality coming through [$$] Banks Won
Concessions on Tests (at The Wall Street Journal Online) [$$] Hit by
Mortgage Defaults, Fannie Needs $19 Billion (at The Wall Street Journal Online) [$$] Bank Shares
Range-Bound Near Term (at Barron's Online) AP Sources:
Obama wants Fed to be finance supercop which is one of the dumber things I’ve
ever heard (very bushy) since the fed is the super criminal, capo, godfather,
etc., in the criminal enterprise called american finance/scam the
taxpayer/etc., in this fraud of monumental proportion … the bubble will again pop Fannie Mae
seeks $19B in US aid after 1Q loss Buffett's Berkshire has
first loss since 2001 Fed Sees Up to $599 Billion in
Bank Losses Is Rupert Murdoch losing it? Already past tense; he’s
lost it…so…..? EU Calls
for “Internet G12″ for Global Internet Governance US
unemployment hits 25-year high China fears bond
crisis as it slams quantitative easing The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-7-09, yes, there is a flaming full moon which explains in large
part only modest losses relative to reality by the lunatic frauds on wall
street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! New record
for continuing unemployment claims and as with all government data, adp data,
etc., is fudged to whatever way necessary to help froth the market.
Short-covering explaining part of what remains of this continuing suckers’ bear
market rally and as admonished by analyst at Farr Miller is a bull trap. How
about plain old bull crap! One analyst (Craig Brown) points out that we’re
not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
U.S. banks race
to fill $74.6 billion stress test hole NY Fed chair
resigns amid stock purchase questions and while they’re at it ask him and tiny
tim geithner about the missing $4 trillion at the N.Y. fed bank among other
things BofA needs $33.9 billion,
eyes stock and asset sales
Cyberbullying Bill Not About
Protecting Kids, It is About Shutting Down the Opposition Rupert Murdoch: “Internet Will
Soon Be Over – in his wet dreams along with presidents hillary, rudy, and
mccain – must be ancestral flashbacks to the penal colony days in australia” Taking on the banking cabal Looking Back on the Greatest
Depression 401(k)s
Hit by Withdrawal Freezes Taleb:
Global Crisis “Vastly Worse” Than 1930s, Buy Gold and Copper Dollar Hovering at
Cliff’s Edge Group
names 25 lenders responsible for economic meltdown $58: Oil prices
jump to new six-month high...
GM posts $6 billion loss for
first quarter... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-6-09, Yes, there is a full moon which explains inlarge part
this ridiculous up move on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Some short-covering explaining
part of this continuing suckers’ bear market rally, the other as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
BofA, Citi,
Wells need capital under stress tests NEED BILLIONS AND BILLIONS MORE Bank stress tests show some
banks need more funds Almost a Quarter of U.S.
Homeowners Are Underwater Banks Need Billions More Globalizing the Internet Hedge
Fund Leader Blasts Obama for “Bullying” and “Abuse of Power” About that “loan”:
Obama team writes off $7 billion taxpayers loaned Chrysler $56: Oil prices
jump to new high for year... US wants Israel, India, Iran to sign NPT Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-5-09, So small were the losses relative to reality that to try
and make sense of same (americans among other investors must love getting burned
by the frauds on wall street who are commissioning the new bubble like mad and
don’t worry since in america today they socialize their losses and privatize
their gains) is but a fool’s errand so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat
suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
Bank of America
to need $34 billion in capital: source Yen rises,
stocks slip on Bank of America needs Moody's downgrades NYSE
Euronext debt (AP) Auditors see SEC
deficiencies Stress Test
Results Seem to Be Changing Daily (at Seeking Alpha) We Haven't
Reached the Bottom Yet About
that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler US
Fed rejects request to help credit card holders Fed
Stress Tests to Show About 10 Banks Need Capital Gold
Climbs to One-Week High as Dollar Declines; Platinum Gains Editorial: Bleak forecast for EU economies Michigan
residents mine bodies for cash; Sellers offer hair, blood... GM plans
1-for-100 reverse stock split...
The Economic
Pain Ain't Over Yet Economic
downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-4-09, so preposterous was the day’s suckers’ rally that I
cannot dignify same with my own commentary other than to say SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Some perspective from Sajal…
Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming Georgia, N.J.
and Utah banks fail The Economic
Pain Ain't Over Yet Obama says
financial sector to shrink (Reuters) Buffett
dispenses gloom at Berkshire fest…daaaah! Warren Buffett
warns inflation is on the horizon …daaah!(at Fortune) SHOCK CLAIM: WHITE HOUSE BULLY THREAT OVER AUTO BANKRUPTCY...
China 'cutting down purchases of US Treasury bonds'... Obama: Wall Street will play less dominant role... ...financial
sector to shrink European
economy 'will shrink 4%'
About 10 U.S. stress test
banks to need more capital
UBS remains
cautious after confirming first-quarter loss AIG to post
first-quarter loss, no new bailout: source Prepare for
Another Round of U.S. 'Stimulus' Propaganda Swine Flu A Hoax, But Martial Law All Too Real U.S. families rely on handouts
in world’s richest country Attack on the
Chrysler Capitalists Obama
Pushes ‘Crackdown’ on Legal Tax ‘Havens’ Economic
downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-1-09, suckers’ rally into the close to keep suckers sucked in
based on very bad news [U.S. Economy: GDP Shrinks in Worst Slump in 50 Years , Georgia, N.J. banks fail, bringing '09 total to
31 , Auto sales plunge to near 30-year lows ,
Chrysler to close 5 more plants; court case begins , ‘China cancels
America’s credit card’ , Mark Hulbert who tracks investment consensus
says bear market rally and new lows before new highs , continuing claims for unemployment at new
record 6.3 million, new claims at 631,000 for prior week, worse than expected
are consumer spending -.2% and personal income -.3%, Chrysler receives
additional $8 billion in taxpayer funds and files for bankruptcy, U.S. Economy in 2nd Straight Quarter of Steep Decline , leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for 2009
thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford loses
almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ] and bull s**t ( fed says
pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as
expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! ‘…economic conditions remain dour. Factory orders for March declined
0.9%, which is worse than the 0.6% decline that was widely expected, and
February orders were revised lower to reflect an increase of 0.7%. Meanwhile,
the ISM Manufacturing Index for April showed continued contraction. It came in
at 40.1. However, that was better than the 38.4 that was expected, and was also
up from 36.3 in March. With economic conditions continuing to challenge
businesses and consumers, Ford (F 5.69, -0.29) announced April auto sales fell 31.6%, while General Motors (GM 1.81, -0.11) said its US sales fell
34% in April…’ …traders living in a fool's paradise if
they continue to drive the markets higher by buying stocks based on earnings
that are down, say, 50 percent from this time last year, only because they're
not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming throughSocial Security: Bankrupt System Will Impact
Markets Sooner Than Expected Georgia, N.J. banks fail, bringing '09 total
to 31 U.S. Economy: GDP Shrinks in Worst Slump in 50 Years Auto sales plunge to near 30-year lows [$$] The Overvalued Market Needs a Healthy
Pullback Major wholesale bank shuttered …Silverton, Ga…and then
Ridgewood, n.j. for 31st bank failure
this year (at CNNMoney.com) Manufacturing declines at slower rate in April …
riiiiight!…(AP) Chrysler to close 5 more plants; court case
begins Results delayed again on banks stress tests
…the fudge factor!…(at bizjournals.com) Regulators close two more banks U.S. families rely on handouts
in world’s formerly richest country Elliot Wave Theorists Claim Pandemics Always Happen In a
Bear Market CITI Said to Need Up to $10 Billion; Bank Disputes 'Stress Test'
Result... ‘China cancels
America’s credit card’ China, wary of
the troubled US economy, has ‘canceled America’s credit card’ by cutting down
purchases of debt, a US congressman says.
Top Senate Democrat:
bankers “own” the U.S. Congress Stress-Test
Results Are Delayed by Fed as Examiners, Banks Debate Findings... Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-30-09, very modest losses relative to reality to keep suckers
sucked in based on very bad news [Continuing claims for unemployment at
new record 6.3 million, new claims at 631,000 for prior week, worse than
expected are consumer spending -.2% and personal income -.3%, Chrysler receives
additional $8 billion in taxpayer funds and files for bankruptcy, U.S. Economy in 2nd Straight Quarter of Steep Decline , leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for 2009
thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford
loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ] and bull s**t ( fed says
pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as
expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders
living in a fool's paradise if they continue to drive the markets higher by
buying stocks based on earnings that are down, say, 50 percent from this time
last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend
less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through…” Chrysler files
for Chapter 11 bankruptcy Motorola loss
widens; analysts see worrisome signs Dow Chemical
1Q profit tumbles 97 percent With earnings
bar low, April fraudulently strong for stocks Will
the Swine Flu Get the Same Response as the Financial Crisis - Protect the
Status Quo without Really Changing Anything? U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years Top Senate
Democrat: bankers “own” the U.S. Congress Stress-Test
Results Are Delayed by Fed as Examiners, Banks Debate Findings... Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment
Numbers Show We’re Already In a Depression
PREVIOUS
4-29-09, flagrant suckers’ rally to keep suckers sucked in based
on very bad news [ U.S. Economy in 2nd Straight Quarter of Steep Decline leading
economic indicators ( a forward looking guage of economic activity/growth)
declined a much worse than expected –6.1% which one analyst commented was
negative and getting worse, pandemic level raised to 5, banks need another
trillion, new home sales down, durable goods sales down, 4 more bank failures
to 27 for 2009 thus far, GM borrows $2 billion more/close dealers/many more
layoffs, Ford loses almost $2 billion, Microsoft reports first decline in
revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ] and bull s**t ( fed says
pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as
expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders
living in a fool's paradise if they continue to drive the markets higher by
buying stocks based on earnings that are down, say, 50 percent from this time
last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through…” Economy shrinks at
worse-than-expected pace... Metro Unemployment
Skyrockets; Some Cities See Rates Comparable To Great Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-28-09, very modest losses relative to reality to keep suckers
sucked in based on bad news (banks need another trillion, new home sales down,
durable goods sales down, 4 more bank failures, GM borrows $2 billion more,
Ford loses almost $2 billion, Microsoft reports first decline in revenue
ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Sun's loss widens on restructuring, slumping
sales Citi, BofA may need more capital after stress
tests (Reuters) GM to force more than 1,000 dealers to close Douglas, Stone head back to `Wall Street' (AP) E-Trade Financial 1st-qtr loss widens, shares fall
(AP) Textron's 1st-quarter profit falls 63 pct (AP) …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian cost-cutting,
an unsustainable strategy for long-term growth. More importantly, although
companies are beating profit estimates, thanks to the cost-cutting, they are
missing expectations for revenue, she says.Further, cost-cutting via layoffs
hurts the economy as a whole, Garnick argues, because the unemployed spend less
money… Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-27-09, only modest losses relative to reality to keep suckers
sucked in based on bad news (banks need another trillion, new home sales down,
durable goods sales down, 4 more bank failures, GM borrows $2 billion more,
Ford loses almost $2 billion, Microsoft reports first decline in revenue
ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep fraudulent
wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise if they continue to drive
the markets higher by buying stocks based on earnings that are down, say, 50
percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says.Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… Betrayal of the People By Wall Street, Banks, and Government
GM OFFERS
ITSELF UP FOR NATIONALIZATION... FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... GM goes for
broke Corporate CFR Members Get Most of the Bailout Money Flu
fears dampen talk of tentative world recovery Raised
pandemic risk, bank capital report fuels fresh fears US newspaper
circulation sees biggest decline yet (AP) WSJ: Regulators urge BofA,
Citi to boost capital
GM goes for broke CNNMoney | General Motors announced plans Monday to cut 23,000 U.S. jobs by
2011, drop its storied Pontiac brand and slash 40% of its dealer network in its
latest bid to stay out of bankruptcy.
U.S.
Initial Jobless Claims Rose to 640,000 Last Week
Gore
Denies that Ken Lay, Goldman Sachs CEOs Helped Develop C02 Trading ‘Scheme’:
VIDEO
PREVIOUS
4-24-09, suckers’ bear market rally to keep suckers sucked in
based on bad news ( new home sales down, durable goods sales down, 4 more bank
failures, GM borrows $2 billion more, Ford loses almost $2 billion, Microsoft
reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Watch out for
the fake government stress tests (they lie about everything!). Note the delay
in the rollout. Bank analyst Cassidy says bank plan a failure. Business week
business analyst /reporter says (tongue in cheek) the optimism (irrational
exuberance) must be the advent of spring and the birds chirping (in the heads
of the wall street lunatic/frauds…cukoos). Analysts/Economists comments
include: slow release of stress test results, details and accuracy of data
crucial for stress tests (good luck!), things have not bottomed out but pace of
decline has slowed somewhat, bleak outlook for GM, Chrysler and bankruptcy
probably necessary because of legacy costs, and public pension funds with
ridiculously rich benefits the next shoe to drop. Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.).
Four more banks shuttered as credit crunch
shakes out
Why
Housing Is Not Coming Back Obama Talks Credit Cards,
Summers Nods Off This Volatility Is Off the Charts! Banks May Struggle After 'Stress Tests'; Bad Assets Triple...
R.I.P.: GM to pull the plug on Pontiac...
Four more banks closed by
regulators, this years closures exceeding all of 2008 as depression continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO
(MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s
deposit insurance fund nearly $700 million as the effects of the credit crisis
continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American Southern Bank
marked the 26th bank failure of the year and the fifth in the state of Georgia,
the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became
the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First
Bank of Beverly Hills. Alpharetta, Ga.-based Bank of North Georgia has agreed
to assume American Southern Bank's deposits, the FDIC said in a statement…
Germany’s slump
risks ‘explosive’ mood as second banking crisis looms China
Increases Gold Reserves 76% to Fifth-Largest
PREVIOUS
4-23-09, suckers’ rally in last 30 minutes to keep suckers sucked
in based on bad news ( U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Watch out for
the fake government stress tests (they lie about everything!). Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k
Russia’s
economy shrank a staggering 9.5% in first quarter Truth About TARP Reports:
GM to Shut Down Plants for the Summer President's financial adviser falls asleep while Obama talks! ON
THE BRINK: Feds preparing bankruptcy filing for CHRYSLER... AMEX Profit Drops 58% as Defaults Rise, Consumers Cut
Spending... Microsoft's sales show fallout of recession Normura posts record $7.3 billion annual loss Interview with Peter Schiff: Reflating the Bubble
Soaring
U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble
smackdown: Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to
9 weeks - General Motors Corp. is planning to
temporarily close most of its U.S. factories for up to nine weeks this summer
because of slumping sales and growing inventories of unsold vehicles, three
people bri… [$$] Morgan Stanley Still at Loss (at
The Wall Street Journal Online) [$$] Gauging Stress: More Losses Likely (at The Wall
Street Journal Online)
No quick cybersecurity fix seen
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-22-09, modest losses
relative to reality in mixed market close so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’(ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). ‘For the second session in a row, stocks
opened lower but buyers moved in to bid the major indices higher (based on
nothing at all). However, upward momentum stalled as the S&P 500 approached
the 850 level in the final hour of trading, which prompted sellers to re-enter
the fold and hand stocks a sizeable loss. The late selling effort focused on
financial stocks, which closed with a loss of 3.8%, worse than any other sector
in the S&P 500. Shares of Morgan Stanley (MS 22.44, -2.21)
weighed heavily on the financial sector after the company reported a
larger-than-expected first quarter loss and a dividend cut.’
Gold
Heading Above $2,000 by End of 2010: Strategist Soaring
U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble
smackdown: Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to
9 weeks - General Motors Corp. is planning to
temporarily close most of its U.S. factories for up to nine weeks this summer
because of slumping sales and growing inventories of unsold vehicles, three
people bri... Falling bank stocks unravel rally; Dow
loses 83 - Nagging
worries about banks upended a stock market rally Wednesday. [$$] Morgan Stanley Still at Loss (at
The Wall Street Journal Online) Talks on mortgage relief plan hit a snag (AP)
- Negotiations between the banking industry and Senate Democrats
on a mortgage relief plan hit a snag Wednesday after a trade association
representing credit unions said it could not endorse the proposa... [$$] Gauging Stress: More Losses Likely (at The Wall
Street Journal Online)
No quick cybersecurity fix seen
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-21-09, Tiny Tim talks the
talk in testimony tit for tat talking the talk, or stated another way, how much
talk could tiny tim talk if a tiny tim could talk talk, said three times fast
and you have the inspiration for a rally on fraudulent wall street based on
bull s**t alone as bad news and bull s**t alone has kept the churn and earn
commissionable bubble fraud rolling (on the way up and on the way down) so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Even main stream business radio
reporter Laura Gregory references the ‘rally based on nothing at all’, which of
course is true. One analyst said all bank problems remain and reality
would not limit the remaining problems to banks. IMF says $2.7 trillion in losses ahead
for (u.s.) banks. judd greg says u.s.
couldn’t meet the economic criteria for admission to EU. WOW! Given the
economic state of the EU, that’s worse than bad! Seeking
Alpha Analyst sums it up ‘…The six-week-long rally is over. It was huge. The
Dow Jones is up almost 1500 points. But the party is over. The Dow Jones fell
under its 13 day moving average, the same thing happened to the S&P 500 and
the Nasdaq composite. I had some hope that the Naz could stay above its 13 day
MA, but no such luck. Now what? According to the 1932 scenario, we might have a
2-3 months long slump, followed by another bull market. Or the market can go
down big time, cross down its 50 day MA and test the March lows…’ - The latter
is the scenario consonant with reality. - He assumes best case scenario as he
concludes that ‘…means
that either the March low holds or a new low will not be much lower. – Reality
disagrees with that overly rosy scenario based upon his stated overly rosy
assumption! Crimes suspected in 20 bailout cases — for starters AIG eats another $30 billion-ish Housing Bubble Smackdown:
Bigger Crash Ahead U.S. Stocks To Fall at Least 6%: Doug Kass Key Points About the
Coming Hyperinflation Wall St gains as banks lifted by tiny
tim’s b.s NYT losses worsen as ad sales plunge 27%...
Yahoo to cut 5 percent of jobs Wall St gains as banks lifted by tiny
tim’s b.s. AMD posts deeper loss, shares fall (AP) [$$] Connecticut Treasurer Joins Critics
of BofA CEO (at The Wall Street Journal Online) [$$] Citi Investors Vent About Losses
(at The Wall Street Journal Online) Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-20-09, Modest
losses relative to reality as bad news and bull s**t alone has kept the churn
and earn commissionable bubble fraud rolling (on the way up and on the way
down) so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! All reasons for today’s reality
plunge have been previously covered and warned of here in real time; ie., new
meaningless FASB accounting standards which wall street frauds rallied on now
have sold off on, worse to come in credit defaults/losses, leading indicators
down again, etc.. David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Sony Ericsson posts Q1 loss, plans more
cost cuts Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
Citigroup: The
Beginning and End of the Current Rally (at Seeking Alpha) Why BAC Will
Beat: Understanding a New Bull Market Is Not Underway (at Seeking Alpha) Government's
Handling of Economic Crisis - Einstein Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on
bad loans GM cutting 1,600 U.S. salaried positions IBM sales fall more than expected, but
b.s. up Wall Street sinks on banks' woes Wall Street tumbles as investors dump financials (AP) IBM shares slip as 1Q sales fall short
(AP) New embrace of reality about bank health
grip Wall Street Backdoor Path To Bank Nationalization
(at CNBC) Zions Bancorp Swings To 1Q Loss; Moody's
Cuts Ratings Economic Downturn Negatively Affecting
Credit Markets in Varied Industries Celente: “America lives in a
fascist state” Backdoor Nationalization? U.S.
May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not
the Bottom
PREVIOUS
4-17-09 (4-14,15,16,-09), Suckers’ rally into the close to keep the
suckers’ suckered on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
April 17 (Bloomberg) --
David Tice, the chief portfolio strategist for bear markets at Federated
Investors Inc., said the Standard & Poor’s 500 Index will probably
plunge about 62 percent. He spoke during a Bloomberg Television interview today. The
Federated Prudent Bear Fund that he founded returned 6.7 percent last year as the
S&P 500 plunged 38 percent, the most since 1937. Tice said the benchmark
index for U.S. stocks may slump to about 325. It closed today at 865.30. The
measure has surged 28 percent since March 9, the most in five weeks since the
1930s. SUCKER'S RALLY
APPROACHING AN END by Peter Cooper: Whatever the technical reason for the 25 percent rise in
the S&P over the past five weeks, or a more modest eight percent bounce in
GCC regional stock prices, the absurdness of this sucker’s rally ought to be
obvious to all. Unemployment is still rising, house prices are still falling,
and the fundamentals of bank balance sheets are still deteriorating with total
bad debts unknown except that we know they must be getting worse. Global trade
fell off a cliff in the first quarter of the year. Even Mercedes car sales to
the oil rich of the GCC fell 23 per cent. The collapse of the world’s second
largest economy, Japan, has been unprecedented.
Bad news coming … The stock market pattern in 2008-9
has so far been a mirror image of the crash of 1929-30 with a halving of prices
from the autumn followed by a 25 per cent rally from March lows. In April 1930
stocks moved sideways and then they crashed another 50 per cent into the
summer… New record continuing unemployment claims in excess of 6 million, -11%
for new home sales (unexpected but stocks and even homebuilders rallied),
Bloomberg reports $13 trillion (much unaccounted for) taxpayer/bailout funds
spent/lent/stolen by who knows what/where/how (ie.,replace stolen funds?,
etc.), second largest mall co. to bankruptcy with more to come along with more
commercial real estate foreclosures. ‘…initial claims for the week ending April 11 totaled
610,000, which is down more than expected from the prior week, but continuing
claims climbed more than expected to a new record of 6.02 million. Separately,
housing starts disappointed investors hoping to find signs of a recovery in
home building. Housing starts for March totaled 510,000, which was below the
540,000 starts that were expected and down from the prior month. Meanwhile,
building permits in March totaled 513,000, which is below the 549,000 permits
that were expected, down from February…’
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Industrial production down –13%, most since
WW2. The wall street frauds celebrate increase real estate sales…on increased
foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums end US foreclosures up 24 percent in 1st
quarter Jim Rogers Says Investors
Should Expect More Bottoms Still not one prosecution as new churn and
earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell
the sizzle tech sector now the wall street frauds’ refuge-remember the dot com
bust, etc.). BULL S**T STORIES FOISTED AS B.S. TALKING POINTS FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER
MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN
RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND
REPORTS QUARTERLY $1.8 BILLION
PROFIT - MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25
BILLION AND REPORTS QUARTERLY $__ BILLION
PROFIT - DO THE MATH (FIRST GRADE
ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE,
TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT
TOTAL BULL S**T! …[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.].
U.S. Treasury
asking banks keep quiet on stress tests New
unemployment claims at high 654,000 praised as positive number… riiiiight! …as
continuing unemployment claims at record 5.84 million (real numbers even
worse). Economy so bad that consumers can’t buy goods so trade deficit shrank
but this is a structural defect in u.s. economy so not good news and consistent
with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation,
robbing peter to pay paul, take profits; while economist cite Reich that we’re
in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%,
more weakness, more unemployment, inflation to come on fast says Hogan, and
insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing
(suckers’) bear market rally and advocating hold cash/sell stocks Hillary
Kramer points to the preposterous on wall street where bad news greated as good
vis-ŕ-vis stocks (they call what wall street does ‘fraud’…in a rational world
where they would already be in jail). Madman Cramer –
the ultimate contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View Courtesy of ETF.COM:
‘…Due to our expectations of continued weakness in the financial sector, the
looming deterioration of commercial real estate, the credit markets tepid
backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Sony Ericsson posts Q1 loss, plans more
cost cuts Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Toshiba expects bigger loss, contract
job cuts Sony Ericsson posts loss, to cut 2,000 jobs Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL OPERATOR
FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
Citigroup: The
Beginning and End of the Current Rally (at Seeking Alpha) Why BAC Will
Beat: Understanding a New Bull Market Is Not Underway (at Seeking Alpha) Government's
Handling of Economic Crisis - Einstein Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on
bad loans GM cutting 1,600 U.S. salaried positions IBM sales fall more than expected, but
b.s. up Wall Street sinks on banks' woes Wall Street tumbles as investors dump financials (AP) IBM shares slip as 1Q sales fall short
(AP) New embrace of reality about bank health
grip Wall Street Backdoor Path To Bank Nationalization
(at CNBC) Zions Bancorp Swings To 1Q Loss; Moody's
Cuts Ratings Economic Downturn Negatively Affecting
Credit Markets in Varied Industries Celente: “America lives in a
fascist state” Backdoor Nationalization? U.S.
May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not
the Bottom
PREVIOUS
(4-14-09), Suckers’ rally into the close to keep the suckers’
suckered on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Retail sales down –1.1%. ‘…The downward push came as financial stocks
fell out of favor and disappointing retail sales data led some to second guess
the prospects of retailers. Financial stocks weighed on the broader market for
the entire session and finished with a 7.7% loss. The sector's weakness was
widespread, but investment banks and brokerages (-10.7%) suffered some of the
steepest declines after Goldman Sachs (GS 115.92, -14.23) announced a $5
billion common equity offering that was discounted from the prior session's
closing price. The offering will also prove dilutive to existing shareholders…’ Jim Rogers Says Investors
Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN
COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND
SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10
BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL
KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL
SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer
bailout lines. In positing (suckers’) bear market rally
and advocating hold cash/sell stocks Hillary Kramer points to the preposterous
on wall street where bad news greated as good vis-ŕ-vis stocks (they call what
wall street does ‘fraud’…in a rational world where they would already be in
jail). Madman Cramer – the ultimate contrarian
indicator - CRAMER'S CALL: ANOTHER RALLY TOP
INDICATOR Greg Feirman Wow, the bulls
are really feeling good. “Wells Fargo Carries The Day” and the
S&P and Dow closed at 2 months high and the Nasdaq is near its highs for
the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View
Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short Goldman Sachs
Q1: Pay Up, People Down Dealbreaker
Afterdark: Fannie Mae CEO To Head Bailout Nation UBS cuts 8,700 more jobs Let's Keep Big
Banks from Ruining America Forever (at Seeking Alpha) China's ICBC now
world's largest bank by deposits (at MarketWatch) UBS faces $1.8
billion loss, will cut almost 9,000 more jobs World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis
sees hyperinflation ahead
PREVIOUS
(4-13-09), ’ Jim Rogers Says Investors
Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN
COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND
SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10
BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS
QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL
KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL
SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-ŕ-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Madman Cramer – the ultimate contrarian
indicator - CRAMER'S CALL: ANOTHER RALLY TOP
INDICATOR Greg Feirman Wow, the bulls
are really feeling good. “Wells Fargo Carries The Day” and the
S&P and Dow closed at 2 months high and the Nasdaq is near its highs for
the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View
Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup China Slows Purchases of U.S. and
Other Bonds Goldman Sachs hires law firm
to shut blogger’s site for pointing to truth about the fraud firm e Singapore economy shrinks sharply more
than expected WELLS FARGO 'May
Need $50 Billion to Pay Feds, Cover Loan Losses'... Reporters threatened with arrest for filming private Federal
Reserve building SURGE IN DELINQUENT TAXPAYERS; WASHINGTON VOWS SYMPATHY Warren Buffett's
electric car venture; CEO drinks 'battery fluid'... Goldman Sachs
mulls dilutive worthless stock sale to repay TARP money with other TARP money:
now you know where the fed trillions in part are going: report GOLDMAN SACHS
announces $5B public stock offering, reports $1.8B quarterly profit... Bailed-Out Banks Face Probe
over Fees: Report You Know Things Are Bad When Even
Newsweek Is Slamming the Obama Administration for Caving in to the Financial
Status Quo Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis
sees hyperinflation ahead
PREVIOUS (4-9-09), suckers’ bear market
rally into the close on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! LATE-BREAKING BULL S**T STORY FOISTED AS B.S. TALKING POINT FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO
RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?)
$3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS
COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON
HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-ŕ-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued
weakness in the financial sector, the looming deterioration of commercial real
estate, the credit markets tepid backing of the equity rally, and the still
very shaky and highly volatile global economy, it's our view at ETFdesk.com the
recent run-up in stocks is unwarranted and presents an overly optimistic view
of the months ahead. We believe investors should consider taking short term
profits or use the recent run to reduce equity exposure they are weary of. We
also believe investment grade debt (NYSEArca: LQD
- News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Market bear Roubini sticks to dour forecasts U.S. Treasury
asking banks keep quiet on stress tests Boeing warns on
Q1 profit, to cut plane output Wall Street sets 5th weekly
gain on banks, Boeing off late
U.S. Squeezes
Auto Creditors (at The Wall Street Journal Online) Nikkei comes
off 9,000, as banks hit by SMFG news Obama seeks
$83.4 billion more in 2009 war funds Bank of Japan likely to cut
economic outlook in next report
Author who predicted crisis
sees hyperinflation ahead
PREVIOUS (4-8-09), suckers’ bear market
rally into the close on worse than expected bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! LATE-BREAKING BULL S**T STORY FOR B.S. TALKING POINT FOR CONTINUING
FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO
RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?)
$3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS
COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON
HAVE NOTHING LEFT TO TAX! WHAT FRAUDS! WHAT TOTAL BULL
S**T! Earnings revised downward for
first quarter –36.5%, more weakness, more unemployment, inflation to come on
fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous
on wall street where bad news greated as good vis-ŕ-vis stocks (they call what
wall street does ‘fraud’…in a rational world where they would already be in
jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued
weakness in the financial sector, the looming deterioration of commercial real
estate, the credit markets tepid backing of the equity rally, and the still
very shaky and highly volatile global economy, it's our view at ETFdesk.com the
recent run-up in stocks is unwarranted and presents an overly optimistic view
of the months ahead. We believe investors should consider taking short term
profits or use the recent run to reduce equity exposure they are weary of. We
also believe investment grade debt (NYSEArca: LQD
- News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 [$$] Little
Optimism From FOMC Fed sees no
economic recovery until next year and then next year and year after that and
next year Moody's strips Berkshire Hathaway of top rating Danger lurks
behind banks' results
Reality of
worsening depression drove Fed action [$$] Morgan
Stanley to Post a Loss From Volatile, Complex Bonds (at The Wall Street Journal
Online) Bank Earnings Will Be Hit
by Consumer Woes (at TheStreet.com) Financial Crisis ‘Far From Over,’
Panel Says A Bear in Bull's Clothing:
Why This Rally Will Fall Short The Geithner-Summers Plan is
Even Worse Than Thought SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (4-7-09), Economics Professors: Global Crash Worse Than During First
Year of Great Depression TRENDSRESEARCH.COM GERALD CELENTE points out that trillion dollar
foreign banks got billions of taxpayer bailout funds and Goldman Sachs ceo’s,
former ceo’s, board members were among the only few limited government
personnel privy to the bailout cramdown/scheme/fraud and further, that new
‘regulation’ now permits valuation of bank assets at whatever they so
choose…disaster and 25% unemployment and hyperinflation around the corner,
DEPRESSION-level economic conditions already extent, already in depression. Bernanke’s Failed Financial Rescue Plan Fed chief
Ben Bernanke has embarked on a radical and ruinous financial rescue plan.
According to Bloomberg News, the Fed has already lent or committed $12.8
trillion trying to stabilize the financial system after the the bursting of
Wall Street’s speculative mega-bubble, so still great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Cat found alive after 5 weeks under rubble Fed's Fisher says U.S. economy grim AIG aircraft unit seeks $5 billion Fed
credit line: report Sustainable Bull Market Unlikely More Correction on the Way in This Bear
Market US Bancorp's Loan Losses Loom (at TheStreet.com) Asia Markets: Asian miners lead
regional stock tumble Alex Jones interviewed by RT:
U.S. is a puppet of private bankers TARP panel:
Financial Crisis 'Far From Over,' Govt. May Spend More than $4 Trillion... Cities Collapsing throughout the USA Hundreds of Thousands of
Unemployed Run Out of Benefits Larry Summers, Tim Geithner and
Wall Street’s ownership of government Estimated U.S. taxpayer cost
for bailout jumps Bernanke’s Failed Financial Rescue
Plan The G20 moves the world a step
closer to a global currency Soros: Dollar WIll Be Replaced By
World Currency
PREVIOUS
(4-6-09), suckers’ bear market rally into
the close to finish off lows on bad news and bull s**t alone (ie., real bad
numbers though favorably fudged greeted with reiteration ‘better than
expected’, etc…riiiiight!), so still great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Respected banking analyst Mayo
brought the lunatic frauds on wall street back to earth predicting bank loan
losses will exceed those of the Great Depression. Mayo Says Loan
Losses Will Exceed Depression Levels... ‘Despite the absence of positive catalysts
in afternoon trading, stocks were able to pare their losses. The stock market
had been down as much as 2.3%, but was able to more than cut that loss in half. Financial
Stocks Have Run Up Too Hard, Too Fast (at Seeking Alpha) Slow down:
We're Not at the Bottom Yet U.S. deficit nearly $1
trillion in first half of FY2009 Americans Feel 15.6%
Unemployment as Unemployment Surges SOROS SEES END OF
DOLLAR AS WORLD CURRENCY...
GM Speeds Up Bankruptcy
Preparations... Bernanke ‘Green Shoots’ Signals
False Spring Amid Job Losses Bush and Obama Administrations
Both Broke Law By Refusing to Close Insolvent Banks Murdoch: Long-Term Economic
Situation ‘Dangerous’; Recovery 2-3 Years Away Massive Checkpoint Operation in
Tennessee Violated Posse Comitatus, Fourth Amendment Hundreds of Thousands of
Unemployed Run Out of Benefits Larry Summers, Tiny Tim
Geithner and Wall Street’s ownership of government ‘ Mayo Says Loan
Losses Will Exceed Depression Levels... Obama Economic Advisors Linked to Bankers
PREVIOUS
(4-3-09), suckers’ bear market rally
continues on bad news and bull s**t alone (ie., real bad numbers though
favorably fudged greeted with reiteration ‘better than expected’,
etc…riiiiight!), so still great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! 5.1 million jobs lost, -663,000
in past month, unemployment rate jumps to 8.5% and 15% for underemployed/part
time (I’m sure these data understate the far worse reality according to some
who say 15% and 20+% respectively), credit card problems/defaults to worsen
according to analyst, even service sector down, and providing insult to
injury/damage Goldman, et als using taxpayer funds for toxic assets (the real
boondoggle is the complicit multi-trillion dollar fraud concerning taxpayer
funds to bailout/coverup massive securities law violations/crimes for which
prosecution/disgorgement of gains should have already begun). Outrageous and
preposterous! U.S. jobless rate hits 25-year high Lawmaker sees Fannie, Freddie bonus
"insult" NYC protesters ask US to 'bail out the
people' (AP) Soros: Global Depression Ahead
Buchanan: We Should Kill the
Fed One in 10 Americans gets help
to buy food Ex-AIG chief: Bailout will not
succeed Unemployment in U.S. Climbed in March to 25-Year High G-20 Shapes New World Order With
Wisely Lesser Role for u.s., u.s. Markets -663,000:
Unemployment Rate Reaches 25-Year High of 8.5%... 1 in every 10 Americans
receive food stamps...
Buchanan: We Should Kill the Fed Patrick J. Buchanan | Hoover did
what Obama is doing.
PREVIOUS
(4-2-09), suckers’ bear market rally based
upon decisively bad news (26 Year High as New US jobless claims hit
669,000 in week , except for fake government reports by corrupt scandal-scarred commerce
department on manufacturing/index up 1.8% though almost all private forecasts
saw decline, etc.), in addition to funny money the frauds on wall street
applauded the funny assets courtesy of f.a.s.b. (there are no accounting
standards in the u.s.), which makes for wall street style securities fraud as
now and in the past (fed also pumped in another $23 billion in last 3 days to
fuel same, despite earnings going down and stock prices soaring with
stratospherically high p/e ratios). Analyst/fund manager Najarian ‘taking a lot
off the table’ (selling), while Analyst/fund manager Farr/Miller who called
this bear market rally see’s test of the lows, so if you don’t celebrate All
Fools’ Day (you’re not a fool) you’ll continue to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! New US jobless claims hit 669,000 in week WASHPOST: Before Crisis, Geithner Fell Short; He regulated
banks... Outstanding Credit Default Swaps
Down to “Only” About Twice America’s GDP Layoffs rise
despite hope recession is easing (AP) G-20 to give $1 trillion to IMF, World Bank UN chief says crisis could
result in failed states Tax dodgers multiply as
underground economy cushions job cuts The Wall Street
Journal Criticizes Capitol Hill Bonuses (and don’t forget the raises) (at
Seeking Alpha) Inflationary
Depression Dr.
Marc Faber runs his own business, Marc Faber Limited, which acts as an
investment advisor and fund manager. He publishes a widely read monthly
investment newsletters The Gloom Boom & Doom report which highlights
unusual investment opportunities, and is the author of several books including
Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and
highlights future investment opportunities around the world.
PREVIOUS
(4-1-09), suckers’ bear market rally into
the close with 250 point swing to the upside based on decisively bad news and
bull s**t alone, viz., better than dismal expectations…I don’t think so! …That
dog don’t hunt no more…remember the last market burn and that similar refrain
among others, and the ever indecipherable to most, that infamous tech sector
will save us (bust)…riiiiight! Oh wait,
I get it. April Fools Day, as in ‘fool you once, shame on them, fool you twice,
thrice, etc., …shame on you’. How ‘bout all fools day. U.S. private sector axes
742,000 jobs in March March auto sales
plunge... U.S. seen facing danger of 2nd recession next
year or stated another more realistic way, the depression though flush with
ever more worthless weimar dollars providing ephemeral b.s. talking points of
happy days are here again will be exacerbated thereby and continue with a
vengeance r So, SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
AIG crisis could be the tip of an
insurance iceberg U.S. Spending 100% of GDP on
Bailouts and Related Programs Watchdogs:
Treasury won't disclose bank bailout details.(I think it’s obvious they’re
covering up the substantial securities fraud, using taxpayer money to do so, as
yet there’s not even one prosecution which makes the government complicit,
after the fact, in consummating the fraud) ... U.S. private sector axes 742,000
jobs in March March auto
sales plunge... U.S. seen facing danger of 2nd recession next
year or stated another more realistic way, the depression though flush with
ever more worthless weimar dollars providing ephemeral b.s. talking points of
happy days are here again will be exacerbated thereby and continue with a
vengeance r Financial Rescue Nears GDP as Pledges Top $12.8 Trillion U.S. auto sales plunge, but bottom not yet
near "Hurt, Frightened and Very Angry:"
Risk of Social Unrest Rising, Says FT's Martin Wolf [$$] Accounting Rules
Should Avoid Impairment (at The Wall Street Journal Online) Nightmare on Wall Street Destination Collapse Foreclosure Crisis Hits Warp
Speed: 6 Million Families Face Losing Their Homes in the Next Three Years
PREVIOUS
(3-31-09), suckers’ bear market
rally continues to keep suckers suckered and commission dollars flowing by
window-dressing this past month (and quarter) with gains based on bad news and
hence bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market
Rally All news
decisively negative with prospectively negative implications as the
jawboners/frauds talk up that ever elusive bottom for stocks/real estate
despite reality indicating otherwise [have you noticed the wide divergence of
private reports (though somewhat skewed to the upside because of flawed/fake
data they must rely upon from the government) as opposed to false government
reports]. Confidence near historically record lows and Case/Shiller index
showing declining real estate values (-19.4%)
Home Prices in 20 U.S. Cities
Fell by a Record 19% with declines at highest rate on record Global
Meltdown, Part III $$] It's Only
Window-Dressing Why This Is
Just Another Bear Market Rally An Autopsy of the
Glass-Steagall Act U.S. Spending 100% of GDP on
Bailouts and Related Programs TARP Watchdog: “We Do Not Seem To Be A Priority For The
Treasury Department” NEWS BROKE:
SUN-TIMES Files For Bankruptcy, Both Major Chicago Dailies Now In Chapter 11... Ontario, CA, Tent City Residents
Required to Wear Wristbands Government website now offers
’suicide warning signs’ for victims of recession .
PREVIOUS
(3-30-09), Art Hogan recently
summed up choosing stocks in this environment thusly: ‘pick the best-looking
horse at the glue factory’…..I think he was as a courtesy to his industry
overly generous. The administration pitches hardballs to the auto industry
while continuing to pitch powder puffs to the wall street frauds who have
perpetrated the largest (securities) fraud in recorded history, turning a
cyclical downturn into what is now unavoidably depression, putting beleagered
taxpayers in the unfathomable position of funders/guarantors of the scam/fraud
in bailing out the perpetrators of the crimes (bush’s infamous base) who have
financially benefited enormously (fees, commissions, spreads, points, salaries,
expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though
disgorgement, the legal remedy among other criminal penalties, would aid the
defacto bankrupt u.s. treasury! Obama's tough auto stance may include
bankruptcy Wall Street hits the brakes on autos,
bank woes Workers say Obama treated autos worse
than Wall St (AP) UBS shares fall as writedowns, job cuts
expected (AP) Obama puts GM, Chrysler on short leash Stocks fall as
automaker plans are rejected Russia backs return to Gold Standard to solve financial crisis Looting by U.S. Government at All-Time Highs White House to let Chrysler fail US Banks Operate Without Reserve Requirements GM, Peugeot
CEOs forced out as auto woes deepen Geithner won't
say if more bailout money needed AIG delays funds
to some real-estate ventures: report Asian stocks tumble on
auto, bank concerns (AP) UBS shares
fall as more writedowns, job cuts seen (Reuters) GM, Chrysler
have no 'viable' plans: US task force Pension insurer shifted
to stocks to froth the fraudulent market Boston Globe | Just months
before the start of last year’s stock market collapse, the federal agency that
insures the retirement funds of 44 million Americans departed from its conservative
investment strategy and decided to put much of its $64 billion insurance fund
into stocks to froth the frudulent market at behest of frauds on wall street.
PREVIOUS
(3-27-09), very modest losses relative to
reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Sugar coated though still bad numbers, usual suspects/concerns
cited, ie., bankruptcies on rise, omni 22nd bank to fail this year, printing
hyperinflationary funny money like mad, etc. (don’t forget, as now, in 2008
they predicted improvement in second half and no recession though we now know
we were already in recession and now depression). Nobel Laureate Dr. Joseph
Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People”
Ninth Georgia bank collapses (at
Atlanta Journal Constitution - 22nd this year) Economy shrinks most in 25 years; Unemployment continues
climb Roubini
Says Stocks Will Drop, Government Will Nationalize More Banks... Ron Paul Predicts 15-year
Depression The Credit
Bust Is Not Almost Over (at Seeking Alpha)
Top bank
regulator placed on leave pending review (AP)
PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+...
On PPIP and
Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve Currency? UN
PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is 'Radical'... The Bubble That Must Burst
PREVIOUS
(3-26-09), all news decisively bad, viz.,
continuing unemployment claims at new record high 5.56 million, new
unemployment claims at very bad 653,000, economic contraction a worse than
previously reported –6.3%, corporate profits down and at worst levels in
decades, J.D. Power and Associates reports auto sales decline of a whopping
–40%, Economy shrinks most in 25 years; Unemployment continues
climb Roubini
Says Stocks Will Drop, Government Will Nationalize More Banks... Ron Paul Predicts 15-year
Depression , yet suckers’ bear market rally to keep those suckers suckered so
take this folly as a great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Credit
Bust Is Not Almost Over (at Seeking Alpha)
Top bank
regulator placed on leave pending review (AP)
PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+...
On PPIP and
Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve Currency? UN
PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is 'Radical'... The Bubble That Must Burst
PREVIOUS
(3-25-09), The corrupt, scandal-scarred
commerce department notorious for institutionalized lying comes out with
numbers three times/300% better than
private forecasts for now into the third week in a row for such very
forecastable data as used home sales, new home sales, and durable goods (mostly
government/military with funny at that) in an attempt to froth that font of
fraud called the american stock market/wall street which is how this
financial/economic crisis came to be, with the parasitic churn-and-earn
commisioning on the way up (and then down) based on bull s**t alone. Still not
one prosecution of that huge collateralized securities fraud for which
disgorgement would constitute substantial contribution to treasury as opposed
to the just announced diversion to small potatoes (like madoff, which should be
pursued but not a priority to the multi-trillion dollar collateralized
securities fraud, etc.), viz., the sub-prime mortgage origination fraud
(encouraged by actions of fed and government), etc.. With 80% debt-to-GDP
ratio, the u.s. is now the leader of banana republic nations. Nobel Laureate Dr. Joseph
Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People”
IBM to cut 5,000 jobs in U.S. Wall St. rallies late as data offsets
bond sale gloom
[$$] Government-Debt Auctions Disappoint
as Demand Subsides (at The Wall Street Journal Online) Asian Shares Mostly Lower, Mkts
Overcooked; Nikkei Down 0.7% CDS ‘Godfather’ Says Blow ‘Em All Up’ Obama Denounces Global
Currency While Creating The Very Means For Its Introduction Code Pink and Barney’s
Bailout Circus One Small Problem With
Geithner’s Plan: It Will Bankrupt The Banks White House to Hunt for New Tax
Revenues Bank Of England warns Gordon
Brown to stop the spending U.K. Bond Auction Fails for
First Time Since 2002 Obama’s Economic Plan a
“Road to Hell” Associated Press | The
president of the European Union on Wednesday slammed U.S. plans to spend its
way out of recession as “a road to hell.”
PREVIOUS (3-24-09): Modest losses relative to an increasingly grim reality so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
ETF Death Watch: Why Are
Funds Closing? The financial crisis isn’t just
shrinking portfolios and profits. It’s also putting exchange-traded funds and notes out
of business. According to State Street, 58 exchange-traded products closed last
year and another 30 or so from companies like SPA, Credit Suisse and Northern Trust have stopped
trading the last three months. With more on the way, the liquidation process is
shaping up to be a prominent trend for investors to watch in 2009.
Geithner Plan Will Rob US Taxpayers: Stiglitz The U.S.
government plan to rid banks of toxic assets will rob American taxpayers by
exposing them to too much risk and is unlikely to work as long as the economy
remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.
Geithner Grilled on Goldman Sachs Connections David
Edwards | Geithner told Waters that Goldman Sachs could help manage
the new program to help banks remove toxic assets from their books. Haven’t goldman and goldman
people done enough damage? Their
abilities and competence are vastly overrated and overstated. Be Gentle with the Bankers? No, Indict Them for Fraud/High
Treason
U.S. woos
investors to buy toxic assets Falling Japan
land prices stir deflation worries China Telecom's annual
profit plunges 96% on write-down Japan
automakers' sales tumble in February China Urges New Money Reserve to
Replace Dollar The Fed Did Indeed Cause the
Housing Bubble China Voices Support For New
Global Currency To Replace Dollar
US unveils public-private plan for toxic assets
Donating for dollars? Many bailed-out banks still
contributing to campaign funds The federal
bank bailouts may be giving new meaning to the term “kickback.” JPMorgan Chase To Spend Millions on New Jets and Luxury
Airport Hangar YouTube Caught Censoring Obama Deception Video The Fed Did Indeed Cause the Housing Bubble
What the Pros Say: US Is Now
‘Bankrupt’ US Federal Reserve announces massive increase in
government debt U.S. Budget Office offers darker economic and deficit
outlook [$$] Market Overbought and Overbelieved Auditors project deeper deficits for
Obama budget Rothschild: Economic crisis
will leave governments with “enormous public debt” The Fed Did It, and
Greenspan Should Admit It
Launching Lifeboats Before the Ship Sinks Paul
Craig Roberts | If the US government is forced to print money
to cover the high costs of its wars and bailouts, things could fall apart very
quickly.
US Federal Reserve announces massive increase in government
debt Barry Grey | The essence
of all of the measures taken in response to the crisis is an effort to rescue
the system and protect the wealth and power of the financial elite at the
expense of the broad masses of the population.
Tax
Time Covert Ops Catherine Austin Fitts | Hate. Divide
and conquer. It’s a business. The media is pushing it. The people directing it
are the same people who brought you the AIG bonuses.
PREVIOUS (3-23-09): So preposterous was today’s Pavlov dogs rally [conditioning to associate
what’s good for fraudulent wall street, viz., privatizing profits – still not
one prosecution for what now is the largest fraud/scam/swindle in the history
of this planet – and socializing the losses, is somehow positive for
america/the economy by the magnitude of this suckers’ bear market rally and
prior market manipulations] when the same created the instant crisis in the
first instance (don’t worry about the frauds on wall street, they’ll get their
commissions again on the way down as they did in creating this financial
debacle/fraud as they clamor for more taxpayer/treasury money). They’re still printing/creating those
worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don’t know what they’re doing, are clueless, and disingenuously seek to
divert attention from the missing/stolen/bilked $14 trillion of taxpayer money
with the subterfuge of outrage over the relatively miniscule though not
unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt:
Analyst U.S. Budget Office offers darker economic and deficit
outlook The
Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar
Fierman: How quickly things change…..
Some stats from today’s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and
the stock market felt like it was forecasting the end of the world. We’ve now
rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they
really don’t seem to justify such an explosive move. Citi said they were profitable in
the first two months of the year and JP Morgan (JPM)
and Bank of America (BAC)
said they were too. The Fed initiated some serious
quantitative easing. And now Geithner’s toxic asset plan this
morning. I agree with the Capital Spectator when he wrote this morning:
We’re skeptical largely because the rally this month has drawn
power primarily from a new round of hope that Washington’s various experiments
to right the economy will finally hit pay dirt. Perhaps, but it’s not the stuff
that powers sustainable rallies, much less secular bull markets.
I’M A SELLER OF THIS RALLY AT THIS POINT…..
PREVIOUS (3-20-09), Modest losses relative
to reality and their printing those worthless Weimar dollars like mad, don’t
know what they’re doing, are clueless, and disingenuously seek to divert
attention from the missing/stolen/bilked $14 trillion of taxpayer money with
the subterfuge of outrage over the relatively miniscule though not unimportant
million dollar bonuses (AIG, etc.) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt:
Analyst U.S. Budget Office offers darker economic and deficit
outlook The
Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch
dollar
PREVIOUS
(3-19-09), ‘…Economic news remains uninspiring. Weekly
initial claims dipped 12,000 to 646,000, which was better than the consensus
estimate of 655,000. Continuing claims hit another record high, though, jumping
to 5.47 million from 5.29 million. Leading indicators for February showed a
0.4% decline, which wasn't as bad as the 0.6% decline that was expected… Energy
stocks (+1.4%) and materials stocks (+1.4%) were helped by stronger commodity
prices. The CRB Commodity Index climbed more than 5% in this year's largest
single-session advance by percent. Crude oil futures prices gained 6.5% to
close pit trading at $51.25 per barrel, while gold prices advanced 7.8% to
close at $958.50 per ounce. Underpinning the strength in commodity prices was a
considerably weaker U.S. dollar. According to the Dollar Index, the greenback
sank 1.7% this session, and more than 4% during the last two sessions. The
dollar's weakness follows the Fed's latest policy directive…’
US is Already Bankrupt:
Analyst The
Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar Corporate Media Disses Gold Citigroup May Spend $10
Million for Executive Suite It’s Not Just AIG: Fannie
Plans Exec Bonuses Gold Re-Couples with Euro,
“Dollar Getting Destroyed” House passes tax to recoup most of AIG
bonuses ($200 million); what about the $14 trillion in fraudulent bailouts and
the missing $4 trillion at the New York fed… s Bank of America involved in Merrill Q4
writedowns: report Put/Call Ratio Indicates Overbought
Market Condition SUPER PUMP: $1 TRILLION
CREATED OUT OF THIN AIR... Oil Nears $52;
Hits high for 2009...
PREVIOUS (3-18-09), absolute desperation by the fed as fed in panic mode buys bonds with even
more fake money (ultimately you pay). Shot in the dark, they unequivocally do
not know what they’re doing; don’t have even the slightest clue. Some well
deserved guilt as greenspan, bernanke, paulson, geithner, etc., are authors of
this debacle with compliant politics as usual facilitating same (wall
street/hedge fund gamblers shouldn’t be bailed out, etc.), but the divergence
of so-called opinion from stagflation to applauding same in light of fraudulent
stock market up-tick (isn’t that how we got here, to this financial/economic
disaster).
Depression Unrest Turmoil
Instability Riots all coming and SOON As depression deepens, more americans
go fishing (Reuters) It’s Not Just AIG: Fannie Plans
Exec Bonuses Stimulus plan: Spend now, details
later (promise) Dollar Plunges After Fed
Announcement Senate quietly stripped measure
restricting bonuses from bailout legislation Hedge funds could reap billions from AIG which should
not reward soured bets/gambles with taxpayer funds as now slated. Citi, Morgan Stanley Looking to Issue More Diluting
Shares for Bonus Payments (at Seeking Alpha) Editorials: Rewards instead of
punishments
PREVIOUS (3-17-09), all private
forecasts of the very forecastable housing starts defied the false report of
the corrupt, scandal-scarred commerce department (remember the fake reports
that spurred recent ralleys which ultimately burned the buyers) spurred
suckers’ bear market ralley so great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
Dent,
Napier, and Prechter - Wise to Heed Their Predictions Is Mistrust in Wall Street Pointing to New Lows? RECORD: NATIONAL
DEBT HITS $11 TRILLION... The Size of Derivatives Bubble
= $190K Per Person on Planet Washington knew AIG was preparing to pay
bonuses (AP) U.S. to claw back AIG bonuses, lawmakers
eye tax House committee scrutinizes Merrill
bonuses Bad year or good, fraud or just preparing
for fraud with wall street, AIG
employees got big bonuses (AP) Paulson Was Behind Bailout Martial Law Threat Fed Hides
Destination Of $2 Trillion In Bailout Money
World Bank cuts China GDP estimate
again, to 6.5% Obama Confronts “Populist
Anger” Over Bankster Giveaways IMF poised to print billions
of dollars Jim Rogers Expects Civil Unrest
in the US and all around the World
PREVIOUS 3-16-09, Very modest losses
relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ‘…February industrial production declined
1.4%, which is essentially in-line with the consensus 1.3% decline. Capacity
utilization dipped to 70.9% from 71.9%, as generally expected. The February
report continues to reflect a weak demand environment that will ultimately drag
on GDP...’’… The nation's
industrial output fell for the fourth straight month in February, with
factories operating at their lowest level in six decades of record keeping.
Analysts forecast more production cuts to come as companies are battered by
recessions at home and abroad. The Federal Reserve reported Monday that
industrial output dropped by 1.4 percent last month, slightly larger than the
1.2 percent decline economists had expected. The weakness included a 0.7
percent fall in manufacturing output, which pushed the operating rate at the
nation's factories down to 67.4 percent of capacity last month, the lowest
level on records that go back to 1948…’
Treasury to rework AIG aid to recoup
bonuses AIG massive payments to banks stoke
bailout rage Hearst prints final Seattle PI Hearst hopes Web-only Seattle P-I will
turn profit AIG Bonuses Add to Reality of
Public Revolt against Wall Street, Federal Reserve Bracing for a Bailout
Backlash Dollar Crisis In The Making Think recession’s bad? Try a
cataclysm! Insurance giant
AIG to pay $165 million in bonuses (AP) AP - American International
Group is giving its executives tens of millions of dollars in new bonuses even
though it received a taxpayer bailout of more than $170 billion dollars. AIG plans to
disclose CDS counterparties: source Chrysler
faces July cash crunch even with more aid Accounting Rule
Changes Creating False Rally in Financials (at Seeking Alpha) Cash-hungry
U.S. states turn to Web to auction goods Bernanke:
recession could end in '09 and if his grandmother had wheels she could be a
trolley car and as he previously said we could avoid recession though we were
already in one which is now a depression with worse yet to come and most assuredly
will not end in 2009 except in the b.s. talking points in their dreams (AP) Millions in AIG bonuses
draw chorus of outrage (AP)
AIG payments to banks stoke
bailout rage White House
says economy is sound despite 'mess’ or stated another way, a sound mess…..riiiiight!'
AIG Bonuses Add to Reality of Public Revolt against Wall
Street, Federal Reserve Mike
Adams | People will be marching in the streets, demanding the arrest of
all the rich executives and corrupt bureaucrats who took part in this massive
financial theft.
PREVIOUS 3-13-09, Suckers’ bear
market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds
on wall street Regulator: Before Banks
Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial
institutions collapsed, they went to the Financial Accounting Standards Board,
pleading for a change in mark-to-market accounting rules so that they can
continue to appear to be solvent on their balance sheets and hence, continue to
defraud the public as they are now once again trying to do. Unemployment in 7 States Has Exceeded 20% in February China Debates If It Should
Continue to Foolish Buy Evermore Worthless U.S. Treasuries America faces new Depression
misery as financial crisis worsens Tent Cities, Unemployment,
Homelessness Growing Dmitry Orlov: “America will
collapse” Warren Buffett's BERKSHIRE HATHAWAY stripped of its 'AAA' credit
rating... THE
INFLUENCE/BRIBE/PROTECTION RACKET: New record for number of PACs
PREVIOUS (3-12-09), the waning full moon still compounding the frivolity of the criminally
insane; particularly the lunatic frauds on wall street, and truth be told, the
lunatics who follow in lock-step behind them. Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds
on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! There are no bulls or bears on fraudulent
wall street, just ostriches. One senile land of fruits and nuts analyst/ broker
/ master planner of the lost angeles failed paradigm quips with glee: it’s
impressive to see the market ignore so much bad news and rally…riiiiight! Ron Paul, A Rare Voice of
Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested,
Prosecuted, and Disgorgement Of Fraudulent Gains Would Inure to the Benefit of
the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions
as Recovered (Their greed
and fraud has further bankrupted this country and damaged other nations and
recoupment of their fraudulent gains must be required as the law already
provides since taxpayers are bearing the brunt of government inaction. What
they did is not ok. They must pay. This is not difficult to grasp and must be
done or there is no hope prospectively for america since all will know of this
government fostered/complicit fraud). ‘…Better-than-expected (but
typically fake as per scandal scarred commerce department) retail sales data
suggested consumers haven't completely rolled over. February retail sales
declined just 0.1%, which is better than the 0.5% decline that was expected.
Excluding autos, retail sales increased 0.7%. A decline of 0.1% was expected.
Meanwhile, January total sales and sales less autos were revised to show an
even larger increase. The upbeat retail sales data comes in the face of ongoing
consumer headwinds, such as mounting job losses. Weekly initial claims climbed
9,000 to 654,000, which was worse than expected. Continuing claims jumped
nearly 200,000 to 5.32 million, which was also worse than expected (new
record). In other economic news, February business inventories declined 1.1%,
which is essentially in-line with the consensus estimate...’
’…This week's rally got an extra dose of adrenaline after
an accounting board told Congress Thursday it may recommend (more fraud as
we’re currently experiencing by way of ) a let-up in financial reporting rules
for troubled banks in three weeks… Fed reports record fall in household net
worth WASHINGTON (AP) -- The net worth of American households fell by the
largest amount in more than a half-century of record keeping during the fourth
quarter of last year…The Federal Reserve said Thursday that household net worth
dropped by a record 9 percent from the level in the third quarter. The decline
was the sixth straight quarterly drop in net worth and underscored the
battering that U.S. families are undergoing in the midst of a steep recession
with unemployment surging and the value of their homes and investments
plunging. Net worth represents total assets such as homes and checking accounts
minus liabilities like mortgages and credit card debt. Jobless claims rise as
retail sales slip WASHINGTON (AP) -- With layoffs spreading, the number of
initial claims for jobless benefits rose last week, while the total number of
people continuing to receive benefits set a record high, the government said
Thursday. The Labor Department reported that first-time requests for
unemployment insurance rose to 654,000 from the previous week's upwardly
revised figure of 645,000, above analysts' expectations. The number of people
receiving benefits for more than a week increased by 193,000 to 5.3 million,
the most on records dating back to 1967. That's the sixth time in the past
seven weeks that the jobless claims rolls have set a record high…’
Ron Paul, A Rare Voice of
Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested,
Prosecuted, and Forced Disgorgement Of Fraudulent Gains Would Inure to the
Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the
Multi-Trillions as Recovered - Compared
to them, madoff was a mere piker Citigroup Inspired Bear
Market Suckers’ Rally Unemployment in 7 States May
Have Exceeded 20% in February 45 percent of world’s wealth destroyed: Blackstone CEO Madoff jailed after pleading guilty to $50-65 billion
fraud and telling court: ‘I am deeply sorry and ashamed of my crimes’ Newmont CEO
sees gold in range of $1,200 House prices to drop another 55% and leave Britain bankrupt
Madoff sent to jail as furious victims applaud (AP) Madoff pleads guilty, is jailed for $65 billion fraud Don't Sweat Hypernflation Just Yet: Deflation/Depression
"In the Cards" for 2009 and Beyond, Shilling Says More
on Roubini and Shiller's Dour Outlook Pelosi dodges chance to end automatic pay
raises Ron Paul: Culprits Of Financial
Collapse Should Be Arrested SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-11-09), Analyst chatter: Not through the worst of it, the worst
(of depression) still ahead, investing in this market is like trying to catch a
falling knife. Foreclosures up and spreading as unemployment also rises and
will continue to rise. Freddy lost another $50 billion and wants another $31
billion, while Fanny lost another $60 billion and wants another $15 billion.
Hillary Kramer says trading only, in-and-out, so if you can’t, don’t jump into
market to try and catch the falling knife. Dividend cuts for 2009 have already
surpassed that for all of 2008 at $46.8 billion.
53% of Americans (and Senator
Specter) Think the U.S. Depression is Like the 1930’s This is a Depression! For
Markets, What they call it does Not Matter Billionaire Stanford to take the 5th in fraud case (AP) Madoff mysteries remain as he nears guilty plea Merrill misled Congress on bonuses o Freddie Mac seeks $30.8B in US aid after 4Q loss Earnings Growth Estimates: The Bad, the Bad and the Ugly Japan's economy shrinks an annualized 12.1% in the fourth
quarter Dell Cuts Staff Worldwide Last year REITs lost 38% - that's a bit worse than the
S&P 500 Credit card delinquencies hit index record Thousands Line Up at Indiana
Mall for Food Handouts The Fed Has Destroyed Your
Retirement SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-10-09), yes, indeed, a rally with power of a speeding locomotive based on….. b.s.
talk point with early release of CITI
showing a profit [not counting more writedowns, bad/worthless
assets(loans)/securities, expenses, etc.] of $8 billion with receipt of $45
billion (plus loans/guarantees/investments in excess of $100 billion) taxpayer
bailout … WOW!…at this rate the treasury will deplete even faster than
originally projected. But the math is so simple that elementary school kids
with a handle on third grade arithmetic can accomplish the same and hence, can
and should replace top management at a much lower price and without delay. ‘…bernanke says regulatory
overhaul needed…WASHINGTON (AP) -- The nation's financial rule book must be
rewritten to prevent a repeat of the global economic crisis now gripping the
United States and other countries, Federal Reserve Chairman Ben Bernanke said
Tuesday…Bernanke offered new details on how to bolster mutual funds and a
program that insures bank deposits. He also stressed the need for regulators to
make sure financial companies have a sufficient capital cushion against
potential losses…The Fed chief's remarks come as the Obama administration and
Congress are crafting their overhaul strategies. For the administration,
critical work will be carried out among global finance officials this weekend
in London ahead of next month's meeting of leaders from the world's 20 major
economic powers…Madoff's lawyer says client will plead guilty …NEW YORK (AP) --
In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead
guilty Thursday to securities fraud, perjury and other crimes, knowing that he
could face up to 150 years in prison for one of the largest frauds in history…’ ‘…All
three major indices registered fresh multiyear closing lows in the prior
session, but came rallying back this session to log their best single-session
performance by percent in months. The rebound came after Citigroup issued an
encouraging update and reports indicated the uptick rule may be reinstated…
Rep. Frank stated mark-to-market accounting rules must be improved, but Senator
Shelby says any mark-to-market accounting changes should be made by the SEC.
The SEC stated it will not seek to suspend such rules (since such would make
valuations a fraud)... The stock market's advance was further helped by
short-covering. Still, trading volume on the NYSE climbed above 2 billion
shares…’
Cost to buy
protection against U.S. government default surges Good News!
Economist Sees GDP Down 7% in Q1 and 9.25% Unemployment in 2010 Madoff faces
life in prison on 11 criminal charges Citi's fake
profit view, uptick talk drive big rally Roubini: Depression Could Last beyond 36 Months; Dow at
5000... United Tech
to cut 11,600 jobs
Why Commodities Prices May
Rise, Even In Deflation IMF warns of Great Depression,
All Nations at risk Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota 53% Say It’s Likely the U.S.
Will Enter a Depression Similar to 1930’s even though we’re already in one
worse than the 1930’s Washington plans for big bank
failure SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-9-09), …‘Despite a rebound by financial stocks
and a batch of merger news, the stock market was unable to put together a
sustainable advance. Stocks finished with a broad-based loss, a bit above
session lows. Uncertainty in foreign indices fueled early losses in the
headline indices. Financials were the focal point of the weakness, falling to a
loss of 2.2%. The drop was short-lived, though. Financials rallied to a gain of
5.3%, but finished with a gain of 2.5%’… …’
Wall Street fell more than 1 percent Monday as uneasiness
about the economy eclipsed a bounce in troubled financial stocks and news of a
big drug company merger. Stocks rose in the early going but turned lower in a
now familiar pattern where short-lived bursts of optimism give way to concerns
about the country's economic woes’ (in the real world they call that mental
illness, lunacy –note the full moon, manic depression/bipolar disorder, etc.,
or just plain fraudulent wall street )’
World Bank offers dire forecast for world economy Depression Dynamic Ensues as
Markets Revisit 1930s Global Financial Assets Lost $50
Trillion Last Year SEC says
money manager invented big accounts Who got AIG's
bailout billions? ‘The collapse of America is
unavoidable’ Regulators seize seventh bank in Georgia... Kerry: 'Animal House' Party Days Are Over for u.s. government... Bank stocks
rally despite their insolvency (AP)
Too
big to fail? 5 biggest banks are 'dead men walking' (McClatchy Newspapers) [video] Next
Dead Dividend (at TheStreet.com) Oil at $50 Looms as OPEC Plans
Cut, Keeps to Quota Too Big Has
Failed: KC Fed Prez Says We Need Temporary Nationalization (at Seeking Alpha) World Bank
says global economy will shrink in 2009 (AP) Recession on
track to be longest in postwar period (AP) Cash In A Mattress? No, Gold In
The Closet Paulson
Was Behind Bailout Martial Law Threat Fed Hides
Destination Of $2 Trillion In Bailout Money
PREVIOUS (3-6-09), fudged in a manner most favorable to the
frauds (we past these unemployment percentages quite some time ago and they
were much worse then and still worse now, etc.), the news remains bleak and
reality says even bleaker. Any economist who in discussing this
depression mindlessly compares this Greatest Depression to any other
contraction without pointing out crucial negative distinguishing
characteristics; viz., insurmountable debt, increasingly worthless (Weimar)
currency, irrevocable and unrelenting trade/budget deficits, global antipathy
(stemming from illegal wars, war crimes, massive securities fraud, etc.), lack
of significant manufacturing base, pervasive corruption/theft
/plundering/incompetence, etc., cannot be considered a serious economist (just
a joker who probably missed the call on recession/depression, etc.). …’Huge layoffs
push joblessness toward double digits WASHINGTON (AP) -- Tolling grimly higher,
the recession snatched more than 650,000 Americans' jobs for a record third
straight month in February as unemployment climbed to a quarter-century peak of
8.1 percent and surged toward even more wrenching double digits.The human
carnage from the recession, well into its second year, now stands at 4.4
million lost jobs. Some 12.5 million people are searching for work -- more than
the population of the entire state of Pennsylvania. No one seems immune: The
jobless rate for college graduates has hit its highest point on record, just
like the rate for people lacking high school diplomas… GM shares reach 75-year
low amid bankruptcy talk…’ The broader market turned in a modest gain, thanks to a late rally
effort that overcame steep losses. Initial gains were broad-based as
participants began buying in the wake of the February jobs report, which
indicated nonfarm payrolls fell 651,000, in-line with expectations, and
unemployment climbed more than expected to a 25-year high of 8.1%. Stocks were
up as much as 2.4% in what resembled past trends that saw stocks sell off
leading up to the monthly jobs report, but then rally in its wake as traders
"bought the bad news."
Madoff expected to plead guilty to fraud
charges How to Spot a Ponzi Con Artist? Follow the
Yachts (Time.com) U.S. jobless rate hits 25-year high Goldman, others get AIG payouts: report US Bancorp CEO got pay package valued at $6.8M
(AP) Huge layoffs push joblessness toward double digits AP source: Madoff guilty plea expected next
week Stocks facing uphill battle; budget, retail
sales loom $11 Trillion Wipeout: Wall Street's
Year-and-a-Half of Dangerous Living Economy in 'Free-Fall': Unemployment Rate Surges
to 8.1%, Highest in 25 Years GM
shares reach 75-year low amid bankruptcy talk (AP) Fox Admits To Planting
Political Brainwashing In Popular TV Shows Pelosi Backs Senate Facist
Amendment to Censor Talk Radio Senate to Give FDIC up to $500
Billion Senator Bernie Sanders Slams Fed
Boss Ben Bernanke Bailout Money - Instead of Being
Used to Stabilize the Economy or Even the Bailed-Out Companies - is Just Going
to Line the Pockets of the Wealthy Taxpayers Furious With Budget
Cuts Take Frustration To Streets Of NYC AIG “Was Going to Bring Down
Europe”: Lawmaker
PREVIOUS (3-5-09), Analyst/Economist
Chatter: funny money (they’re printing worthless Weimar dollars like mad) and
now they’re thinking funny assets (suspending reality based mark-to-market in
favor of the failed fraudulent whatever they want so they can
foist/spin/defraud which got us to this debacle); more bank takeovers; GM
burning cash, bankruptcy probable; Merrill bonuses for jobs poorly done (my
direct experience with Merril Lynch brokers was their total incompetence);
higher taxes, higher inflation, $3 trillion new u.s. debt, dollar devaluation;
more bank takeovers and far worse unemployment. “Few economists expect a turnaround in the battered labor
market anytime soon with companies laying off thousands of workers
weekly…Still, initial requests for unemployment benefits fell to 639,000 from
the previous week's figure of 670,000, the Labor Department (fake number) said
Thursday. Analysts expected a smaller drop to 650,000…Retailers report sales
declines in February…GM concedes in the report filed Thursday that it's on the
edge of bankruptcy and won't be able to avoid it unless it gets more government
money and successfully executes a huge restructuring plan…Mortgage woes break
records again in 4Q. NEW YORK (AP) -- A stunning 48 percent of the nation's
homeowners who have a subprime, adjustable-rate mortgage are behind on their
payments or in foreclosure, and the rate for homeowners with all mortgage types
hit a new record, new data Thursday showed…” “The stock market logged new multiyear
lows during the session, and closed at its worst level since the fourth quarter
of 1996. Roughly 95% of the companies in the S&P 500 finished with a
loss...Though losses were broad-based, financials were dealt the worst blow.
The sector fell 9.9% with particular weakness among diversified banks (-16.5%)
and other diversified financial services companies (-13.2%). Moody's announced
it is reviewing the credit ratings of Bank of America (BAC 3.17, -0.42) and Wells Fargo (WFC 8.12, -1.54) for possible downgrade.
Moody's lowered its outlook for JPMorgan Chase (JPM 16.60, -2.70) to negative from
stable. Sellers pushed both WFC and JPM shares to new multiyear lows…Fourth
quarter nonfarm productivity declined 0.4%, though it was expected to increase
1.2% after the prior reading showed a 3.2% increase. The lower reading was a
result of lower economic output in the fourth quarter. Meanwhile, fourth
quarter unit labor costs increased 5.7%. Economists expected a 3.8% increase.
Factory orders for January fell 1.9% (fake number), which is a less severe drop
than the 3.5% decline that was widely expected. The drop in factory orders
reflects the retrenchment by businesses in the wake of softer spending…” Now As The Much Greater Depression Progresses Dow and S&P hit
12-year lows Bernanke Arrogantly Refuses To
Disclose Which Banks Took Money Treasury secretary's choice for deputy
withdraws (only little people pay taxes so take this job and shove it says tiny
tim deputy designate) (AP) 22 Georgia legislators fail to pay income taxes... GM auditors raise doubt on viability One in 8 U.S. homeowners late paying or
in foreclosure Citigroup stock falls below $1 a share
(AP) $$] SVG Swings to a Loss on Markdowns
Hits (at The Wall Street Journal Online) Why the Fed's TALF Is Bad for America Mortgage woes break records again in 4Q
(AP) Stocks
Fall Below 7,000 Again Fed Refuses to Release Bank Data,
Insists on Secrecy
PREVIOUS (3-4-09),
all news decisively worse than expected, fed beige book outlook grim, economist
outlook for recovery bleak. Celente: U.S. Has Entered “The
Greatest Depression” The spin: china bailout (the
frauds on wall street spinning/foolishly banking on china buying more worthless
u.s. paper – their domestic needs are substantial and they’re increasing
military spending by 15% as well) and high oil price suckers’ bear
market/short-covering rally to again keep suckers sucked in for their
commissions sake. The great red hope! How preposterous! Who would have thunk
it! ‘…strong gains overseas provided an excuse
for buyers to enter the fold and short-sellers to cover their positions.
Foreign indices upended their own losing streak after China announced it will
add approximately $586 billion to the fiscal spending plan it announced late
last year… According to the Fed's Beige Book, the Fed does not expect a
significant economic recovery until late 2009 or early 2010 at best (remember,
they also said no recession and now we’re in a depression). Meanwhile, the ISM
Services Index for February dipped to 41.6% from 42.9%, indicating continued
contraction for the services sector. The consensus estimate was pegged at
41.0%. Investors and economists got a glimpse of what may be lurking in the
government's February nonfarm payroll report, which is due at the end of the
week. According to the latest ADP Employment Report, 697,000 jobs were lost in
February. The consensus estimate called for 630,000 job losses…’ ‘…fed survey: economy deteriorated in
Jan., Feb. . After a dismal start to 2009, business people see more pain ahead,
expecting no improvement in economic conditions till late this year at the
earliest. Their pessimism was evident in the Federal Reserve's latest snapshot
of business activity nationwide. It showed sharp cutbacks affecting both
blue-collar jobs that once churned out construction equipment and white-collar
professionals like business consultants and accountants. From factories in
Cleveland to high-tech firms in Texas and California, the Fed's beige book
reported widespread production declines. Services sector shrank in Feb., 5th
straight month…’ U.S. private sector cuts 697,000
jobs in February FDIC’s Bair Says Insurance Fund Could Be Insolvent This
Year The Never-Ending Bailout They Done Us Wrong: Spending Our
Way Into Greater Depression Credit
concerns pound GE shares in volatile trade China hopes,
oil's jump, both negatives, end Wall St 5-day rout Warren Buffett's
'Fundamental Weakness' ETFs Suffer
Outflows In February Celente: U.S. Has Entered “The
Greatest Depression” The D-word: The depression has become something worse
(AP) Obama Must Fire Geithner and
Summers Gold Industry Officials Warn Of
Depression Jim Rogers: Bailouts are
destroying the US Economy Paulson
Was Behind Bailout Martial Law Threat Fed Hides Destination
Of $2 Trillion In Bailout Money PREVIOUS (3-3-09), modest losses relative to
reality as bad and worse than expected news just keeps on coming along with
suckers bear market/short-covering rallies as here into the close to keep the
suckers suckered. Defaults/delinquencies up, home/car sales down… Celente: U.S. Has Entered “The
Greatest Depression” … Helicopter ben ‘bernanke indicated the
near-term outlook for the economy remains weak. Economists at Goldman Sachs
concur; they expect the U.S. economy will fall 7.0% in the first quarter,
according to Dow Jones. Despite housing
stimulus provisions, pending home sales in January declined 7.7%. The consensus
estimate called for a 3.5% decline. The data reflect the effects of ongoing job
losses, lost wealth, and weak consumer confidence. Similar forces continue weighing heavily on auto sales. Ford Motor (F 1.81, -0.07) reported February sales in
North America fell roughly 48%, which is steeper than the 42% drop that was
expected. General Motors (GM 1.99, -0.02) reported February sales sank nearly 53%,
exceeding the 45% fall that was widely forecast. Separate reports indicated
GM's chief operating officer said that without government funds the company's
European unit would run out of cash in the second quarter. Chrysler down 44%’…
ART HOGAN SAY’S ”IT’S A
TOUGH ONE”… THAT’S A TRUE STATEMENT!
Celente: U.S. Has Entered “The Greatest Depression” The D-word: The depression has become something worse (AP) Obama Must Fire Geithner and Summers Gold Industry Officials Warn Of Depression Jim Rogers: Bailouts are destroying the US Economy Gold has longest losing streak since October U.S. auto sales fall as depression deepens Blockbuster seeks debt overhaul, shares halted MGM Mirage casino co. says it may default on debt (AP) A Banana Republic By 2012? Change for the Worse Obama Calls Bush On Troop Withdrawal Plan Geithner Says U.S. Financial Rescue ‘Might Cost More’ (maybe he can locate the $4 trillion missing at the fed and use that) Pension (substantial funding shortfalls) bombs going off Pennsylvania Rep. Rohrer Introduces Tenth Amendment Resolution Previous (3-2-09), analyst chatter: one analyst said investors just can’t take (the wall street fraud/bull sh_) it anymore and sees 5,000 on the DOW (too optimistic); another says worst levels not yet seen, but markets functioning…riiiiight…, more bad economic news, dividend cuts; another says the so-called plan changinging everyday, not stimulus but at best stabilization (doomed to fail), unrealistic expectations (that’s realistic), talks funny assets/accounting (that’s what helped get us here-the fraud), a world of hurt, hope for short-covering rallies…sounds like a plan…riiiiight; another who called the crash says worst bear market in history, if priced in gold market has fallen 80% and more decline to come, says stimulus/stabilization good money after bad and recipients with worst management (fraud, etc.) should rather be allowed to fail, treasury bond/dollar bubble, u.s. stocks still overvalued so sell, precious (money) metals and overseas markets better; and finally, mainstream analyst says gold/bonds but no stocks. Dow industrials fall below 7,000; lowest since ‘97 Buffett says economy in shambles losses on derivatives contracts tied to the stock market. Banks and economy to keep bears' grip on stocks Berkshire reports a 96 percent drop in 4Q profit Chart of the Week: GDP Worse than Expected (at Seeking Alpha) Time to Bury the Markets NYSE Suspends $1 Stock Price Minimum Economics of this Depression [$$] BofA Executive Got Housing Perks (at The Wall Street Journal Online) Madoff seeks to keep NYC penthouse, $62M in assets – Typical kike/jews Dow finishes below 7,000 for first time since '97 (AP) The D-word: The depression has become something worse (AP) [$$] At Merrill, Thinning Herd of Carrion (at The Wall Street Journal Online) AIG Will Receive More Aid, Bigger Loss... NYSE Euronext chief gets 2008 pay valued at $9.2M (AP) Asian stock markets tumble on worsening US slump Sources: AIG to get up to $30B more in Fed aid Moody's lowers ratings on Citi's Japan operations (at MarketWatch) Oil falls below $44 on bleak US GDP, AIG news States' budget woes will outlast the depression israeli media denounced for insulting the Prophet Israeli minister calls for assassination of top arab leader justifying action to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice as… 8 more civilians die in US drone raid Buffett Says Economy Will Be 'Shambles' in 2009, Likely 'Well Beyond'... BERKSHIRE has worst year... Iran says USA planning 'long-term stay' in Iraq... Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses, And More... Bankers: Stop trashing us... Wall Street slides after CITI-government deal... Sets Single-Day Trading Volume... STRUGGLING STATES LOOK TO UNORTHODOX TAXES... Iran says USA planning 'long-term stay' in Iraq... Warren Buffett Speaks: His Worst Year Ever – If you listened to him recently (I warned you not to) you’re down another 20-30% since his government shill/propaganda talk (did he really give away his fortune – maybe he just decided to lose it and bring everyone with him – senile, I say yes) r A Banana Republic By 2012? Change for the Worse Previous (2-27-09), modest losses relative to reality including news much worse than expected: ‘The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into depression. The report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month which rallied stocks significantly to keep suckers suckered and commission dollars flowing. It also was considerably weaker than the 5.4 percent annualized decline economists expected’. ‘Economic data remains gloomy. Fourth quarter GDP was revised lower to reflect an annual rate of -6.2% versus a previously estimated -3.8%. The decrease in fourth quarter activity primarily reflected negative contributions from exports, personal consumption expenditures, equipment and software, and residential fixed investment’. US economy suffers sharp nosedive Economy moving in reverse faster than predicted Moody’s predicts default rate will exceed peaks hit in Great Depression Shares tumble across globe as figures reveal U.S. economy shrank 6% in last quarter - the fastest rate in 25 years Regulators close banks in Illinois, Nevada FDIC Approves ‘Emergency’ Fee on Banks to Bolster Reserves Banks and economy to keep bears' grip on stocks FDIC raising fees on banks, adds emergency fee (AP) AIG talks weigh securitizing life policies…..riiiiight!…: source BofA carries loans $44 billion above market value Citi, U.S. Reach Accord on a Third Bailout (at The Wall Street Journal Online) Tax hikes are coming -- but you already knew that Investors await Buffett letter as Berkshire hits 5-1/2 year lows Five reasons buying a home in 2009 is a bad idea Three Top Economists Agree 2009 Worst Financial Crisis/Depression Since Great Depression; Risks Increase if Right Steps are Not Taken (Business Wire) WORST MONTH SINCE 1933 Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage CIA Adds Economy To Threat Updates Fed Hides Destination Of $2 Trillion In Bailout Money We Watch Now As Funds Get Vaporized Bob Chapman | Business will go on as usual in Washington and on Wall Street — as corrupt as ever. Moody’s predicts default rate will exceed peaks hit in Great Depression A bigger proportion of non-investment grade companies will go bust in the US and overseas in the coming years than during the Great Depression, according to Moody’s, one of the world’s foremost experts on credit. US economy suffers sharp nosedive BBC | The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported. FDIC Approves ‘Emergency’ Fee on Banks to Bolster Reserves Bloomberg | The Federal Deposit Insurance Corp. will charge U.S. banks a one-time assessment and increase other fees to replenish its insurance fund, adding $27 billion in costs to an industry already hobbled by the financial crisis. Citigroup Shares Down 36% | The Treasury, which has provided a total of $45 billion to Citigroup, left the door open for the bank to seek additional government funding. Previous (2-26-09), Banks lost $26.2 billion last quarter, GM lost $10 billion past month, FDIC problem bank list grows to 252, u.s. broke but $3.5 trillion spending plan and $1.75 trillion budget deficit, etc., ‘FDIC reported that at the end of the fourth quarter its list of troubled institutions grew to 252 from 171 at the end of the third quarter. The latest data indicated January durable goods orders fell a more-than-expected 5.2%. Excluding transportation, durable goods fell 2.5%, which was also steeper than expected. January new home sales fell more than expected to an annualized rate of 309,000 units, which is a record low. Jobless claims continue to rise beyond expectations. Initial claims climbed 36,000 to 667,000 from the prior week. Continuing claims came in just below 5.03 million, up from nearly 5.00 million in the prior reading’. Americans receiving unemployment top 5 million Fannie Mae seeks $15.2B in US aid after 4Q loss $1.75T Deficit, Higher Taxes, "Bogus" Stimulus Obama’s Stimulus Bill is a Banker Contrived Debt Scam Obama’s War Machine Needs $800 Billion For 2009 A $1.75 TRILLION DEFICIT... Small Businesses To Suffer From Obama’s Tax Hike Obama’s Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011 ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage CIA Adds Economy To Threat Updates Fed Hides Destination Of $2 Trillion In Bailout Money US banks post first quarterly loss since 1990... Record Government Note Auction; Unprecedented amount of debt... More Fraud on Wall Street New York Times | WG Trading Company and Westridge Capital misappropriated funds from state and city pension funds, including Carnegie Mellon University and the University of Pittsburgh. Previous (2-25-09), suckers’ bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected into the close to finish well off more realistic lows, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Economic/trends/demographics forecaster/analyst Harry S. Dent says this Great Depression will bottom out (with no cognizable uptick till) early 2020’s, unemployment 14%-17%, 50%-60% decline in real estate values, dollar (and market) crash, etc. (close but no cigar), is realistic and starkly dismal in light of the convergance of major bubbles which are deflating. New b.s. talking point the convertible preferreds (all real analysts know to treat as converted said securities to account for dilution - and quite possibly nationalization), and then the so-called ‘stress-tests’ for banks…riiiiight!…read those flat lines. Money managers accused of $550 million fraud (Reuters) TARP Said to Be Ripe for Fraud Existing U.S. home sales, prices drop in January Gannett slashes dividend 90 pct, saving $325M ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money U.S. Consumer Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says depression to linger Housing Prices in 20 U.S. Cities Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump Ron Paul Grills Bernanke: “You Can’t Reinflate The Bubble” Stocks drop as Obama speech and housing data weigh Gold investors make 120pc return in four months Bailout Bank Blows Millions Partying in L.A. How Credit Default Swaps Brought Down the World Economy ‘Black Swan’ Author Sees Trouble Exceeding 1930s Majority Of U.S. States Join Sovereignty Movement, Assert 10th Amendment Rights New World Liberty | With the economy collapsing, it is a very real and immediate danger that the federal government can turn into a completely criminal and fascist government. Rahm Emanuel Doesn’t Pay Taxes, So Why Should You? Kurt Nimmo | Don’t expect Rahm Emanuel, Nancy Pelosi, Tim Geithner, Evan Bayh, and other minions of the elite to pay their “fair share.” After all, taxes are for the little people. Previous (2-24-09), suckers’ bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Helicopter ben, the guy who said no recession even as now we know we were already in one (actually depression) told by handlers to be upbeat (how ‘bout just beat, burnt out, etc.) delivers still dire but sugar-coated for spin/consumption testimony/b.s.. Severe contraction…as in depression; recession/depression could end by end of year/beginning of 2010 if…and if his grandmother had wheels, she’d be a trolley car. Ridiculous bull s**t that got everyone here in the first place. Analyst chatter: talk about franchise value of banks ruined if nationalized, confidence at all-time low, end of 2010 before any recovery (if at all), orderly process of deleveraging, on defense till trends more believable; another-not there yet as contrarian indicators say otherwise and bearish industry view (newsletters); another- news bad as expected but confidence reading far worse than expected, downward momentum accelerated with occasional relief rallies at best; Housing Prices in 20 U.S. Cities Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump U.S. consumer confidence collapsed this month and home values plunged in December, the latest evidence of a deepening economic slump that will last well into 2010 and beyond. Analysts: New Era Of Chaos Has Taken Hold A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos has taken hold all over the globe. Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money U.S. Consumer Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says depression to linger Get Ready for Mass Retail Closings Microsoft says no new cost cuts, shares hit 11-year low Stanford a cog in the U.S. intelligence dirty money laundering machine How the Economy was Lost Unemployment (already past 9% in reality) Will Pass 9% This Year: NABE SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous (2-23-09), even the frauds on wall street who should be prosecuted are not buying the rhetoric/b.s. which is very, very, etc., short on detail, ie., spending money the broke u.s. doesn’t have for bailouts, while cutting the deficit in half in 4 years, etc.,…..riiiiiight! What economists / analysts are saying: Zandi - rapidly eroding economy; analyst – ugly…lots of bull s**t, no specifics/details, not pretty picture, equity holders of financials wiped out prospectively; Financial Times Editor – markets at new lows, nationalize or not (defacto they’re already nationalized), AIG trading at 50 cents has received $80 billion in bailout funds and just records loss of $60 billion, dire; bank analyst – downward pressure on financials particularly as dilution taken into account, write-offs, more capital needed, securitization market down, down, down and more capital necessary for writedowns; analyst – vicious bear, no faith in government plan, dismal! . One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. Wall Street slides to 12-year low New U.S. stake in Citigroup will not calm realities/doubts AIG in talks with U.S. government, sees $60 billion loss: source Pinnacle West shares fall on earnings, outlook (AP) LaSalle Hotel shares fall on analyst outlook (AP) Harley-Davidson shares fall on sales worries / realities (AP) Major stock market indexes fall to 1997 levels and much further down to go given realities Micron Tech to cut up to 2,000 more jobs in Idaho Asian shares slump after Dow hits 1997 low (at MarketWatch) The S&P 500's Incredibly Shrinking Market Cap The more they do, the worse it gets Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money The Great “Global Crisis of Maturity” and the New World Order World Financial System In A State Of Insolvency Urban Warfare Drills Linked To Coming Economic Rage Britain faces summer of rage Get Ready for Mass Retail Closings Yahoo Finance | About 220,000 stores will close this year in America. Editorials: Rewriting rules of global finance GLOBAL MARKETS-US stocks slide as bear grips harder, oil falls BACK TO 1997... State sends $1 food stamp checks to 250,000... Obama pledges to slash deficit - after increase... Rosy assumptions... Philadelphia newspapers' owner files for bankruptcy... AIG Seeks More US Funds As Record Loss Looms... Advisers readying bankruptcy financing for automakers... BANK MESS: HSBC CONSIDERS $20B CASH CALL FROM INVESTORS... Sentiment Overview: Pessimists Increase by 18% Stocks: Horrible Start to 2008, Worse in 2009 Ex-Senate aide charged in Abramoff scandal THE FAILED INFLUENCE GAME: Stimulus still aiding K Street Swiss party wants to punish USA for UBS bank probe... Developing... Japan stocks fall after lender seeks bankruptcy (AP) Gov't reportedly mulls dilution, more obfuscation, and more money down the rabbit hole by taking larger stake in Citi (AP) RBS prepares to unveil global downsizing plan Richard Russell: Bear Market Remains in Force Summary of Global Investment Returns Yearbook 2009 The New Depression - The Lessons of the 1930s Markets May be Said to be Oversold (Again), But Decisive Rally Won’t Be Forthcoming as Much Worse and Much More Selling to Come Philly newspaper owner files for Chapter 11 (AP)
Previous (2-20-09),
stocks tumbled around the world, sending the Standard & Poor’s 500 Index to
its biggest weekly drop since November, on concern the deepening recession will
force banks to seek more government aid. Europe’s Dow Jones Stoxx 600 Index
slid to a six-year low, and Japan’s Topix Index declined to the worst level
since 1984. Analysts saying impossible
to predict bottom in this dismal scenario, nationalization concerns, not
bottomed yet, new bear market lows. Art Hogan says greater than 50% is defacto
nationalization anyway and nothing left for shareholders, pricing mechanism for
toxic assets problematic along with negative capitalization ratios, new lows in
offing, gold for capital preservation along with treasuries and money markets.
Nader says depression. There’s no end/bottom in sight. One says 2011-2014
earliest for bottoming at best and that nationalization means politization. One analyst
previously pointed out there has been not one prosecution thus far and the
frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the
DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says
spending/stimulus programs will not work, a point on which he is correct and
the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in
America In
case you believe that there are only “a couple of bad apples” in the United
States, here is an off-the-top-of-his-head (I could give many, many more
including my RICO case) list of
corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Major indexes fall
more than 6 percent for week The Great Depression has Arrived-
Collapsing American Dreams Defacto if not
dejure nationalization realities hit Citi, BofA Soros sees no
bottom for world financial "collapse" Trustee: Some
Madoff stock trades were fiction Morgan
Stanley offers $3 billion broker bonuses, Wells none (Reuters) Gold Hits
$1,000 Ron Paul: Stimulus “Waste of Money” The Inconveninent Debt Gold Tops $1,000, First Time
Since March as Depression Deepens Stocks Drop Around the World; Stoxx 600 Falls to 6-Year Low
Fed Hides Destination Of $2 Trillion In Bailout Money “…The United States was in much better
shape, economically, going into the Great Depression than it is now. Prosperity
is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Previous (2-18-09), all news much worse than
expected as new home starts plunge 17% (-56% year over year), fed/bernanke
downgrades economic forecast (rallied stocks when he made same which was bull
s**t then as pointed out here) predicting reality of contraction which he says
will be protracted, prolonged and increased unemployment (9%) though reality is
much worse than they’re once again (falsely) predicting (we’re already
significantly past 9% unemployment) and as one economist points out, in an
economic freefall. bernanke’s outlook realistically dismal which sentiment is
shared by analysts/economists who envision no bottoming until well into 2010 at
best because…..this is a DEPRESSION!
Previous (2-19-09), ‘Initial jobless claims totaled 627,000,
topping the 620,000 claims that were expected. Initial claims were unchanged
week-over-week, while the four-week moving average moved up to 619,000 from
608,500. Continuing claims reached record highs of 4.99 million. Economists forecast
4.81 million continuing claims. The four-week moving average for continuing
claims stands at 4.84 million, up from 4.75 million. Jobless claims were a drag
on the January index of leading economic indicators, which increased 0.4%,
exceeding the consensus forecast of a 0.1% increase. An increase in the money
supply proved to be the main driver lifting the index, but the increased money
supply contributes to inflationary concerns. Producer prices, which measure
inflation, increased more than expected in January. The January PPI and core
PPI were up 0.8% and 0.4%, respectively.’ Philly fed manufacturing index at 18
year low. The easiest to forecast leading
economic indicator was fudged to the upside, though still marginal, with said fake number substantially
exceeding all private forecasts (stock prices, auto, housing, employment, etc.,
all down sharply in subject month…..hence, I don’t think so and fake report). Analysts
saying stimulus plan not stimulative, specter of bank nationalization (banks
insolvent), loss of pricing power across most all industries, and then the
plethora of very bad economic/financial data with breakthrough technical
bottoms, looking for violent sell-off/capitulation to provide
minimal/short-lived bear market rallies, with some ephemeral opportunities
among defensive stock plays, ie., whole foods (pricing power), auto parts
(refurbishing old cars). One analyst previously pointed out there has been
not one prosecution thus far and the frauds on wall street should be prosecuted
and forced disgorgement. Analyst Frank
Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ,
and 425 to 625 on the S&P, and says spending/stimulus programs will not
work, a point on which he is correct and the low end of his ranges closer to
reality. Not Just a Few Bad Apples - Corruption is Systemic in
America In
case you believe that there are only “a couple of bad apples” in the United
States, here is an off-the-top-of-his-head (I could give many, many more
including my RICO case) list of
corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Jobless Claims Hit Record High; Inflation Jumps Dow falls to 6-year low as banks slide Wholesale
inflation takes biggest jump in 6 months Dow Closes at New Bear-Market Low Dow Theorists spot a bear Rising debt will
overwhelm Obama’s effort to rescue the economy Bank debt trades at distressed levels (at
FT.com) 5 million Americans drawing jobless benefits AP IMPACT: Jobless hit with bank fees on
benefits (AP) FBI tracks down Texas financier in fraud case (AP) FBI finds Allen Stanford in Virginia Stanford curried influence in DC: watchdog
group PC makers' shares fall on worsening demand BofA and Citi shares fall on defacto or dejure
nationalization near GE shares dip to lowest since 1995 Feb. could be worst month yet for jobless
claims Fitch downgrades Marriott on lodging softness
(AP) Fed downgrades
economic forecast for this year “…The
United States was in much better shape, economically, going into the Great
Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We
are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Previous (2-18-09), all news much worse than
expected as new home starts plunge 17% (-56% year over year), fed/bernanke
downgrades economic forecast (rallied stocks when he made same which was bull
s**t then as pointed out here) predicting reality of contraction which he says
will be protracted, prolonged and increased unemployment (9%) though reality is
much worse than they’re once again (falsely) predicting (we’re already
significantly past 9% unemployment) and as one economist points out, in an
economic freefall. bernanke’s outlook realistically dismal which sentiment is
shared by analysts/economists who envision no bottoming until well into 2010 at
best because…..this is a DEPRESSION!
Not Just a Few Bad Apples -
Corruption is Systemic in America Fed downgrades
economic forecast for this year Fed says US economy will get worse in 2009 Bernanke cuts growth view, considers inflation
target Hundreds seek their money as Stanford fallout
spreads HP cuts full year outlook (Reuters) UBS to pay $780M, open secret Swiss bank records Billionaire's bank customers denied their
deposits HP profit slumps 13 pct on weak PC and ink sales [$$] Dow ends little-changed amid slew of grim
news (at The Wall Street Journal Online) The Bull's Case for Buying Gold ...starts, permits plunge to new record lows SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Previous (2-17-09), modest losses
relative to reality so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Analysts
say not very encouraging, market saying stimulus will not work, lots of toxic
assets still out their, nothing safe in bear market, oil to $80, gold
appropriate hedge against deflation and inflation and deserves spot in
portfolios, no turnaround anytime soon, and tough-sledding ahead. “…The United States was in much better
shape, economically, going into the Great Depression than it is now. Prosperity
is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Joint Chiefs chairman calls fiscal calamity a bigger threat than any war GM
seeks up to $30B in aid, to cut 47,000 jobs (AP) GM and
Chrysler seek nearly $22 billion more in aid Stocks
sink to November lows on depression fears U.S.
charges Allen Stanford with "massive" fraud Reality
about expensive, flawed, failed stimulus drag stocks down sharply (AP)
It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson
| Williams predicts hyperinflationary depression will mean a $100 dollar bill
is worth less than toilet paper. 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP A “Monetary Stalingrad” is on its way to Europe Kansas suspends income tax refunds, may miss payroll Europe’s economic slump deeper than expected Total
desperation by frauds on wall street. One analyst previously pointed out there has been
not one prosecution thus far and the frauds on wall street should be
prosecuted. Analyst Frank Cochrane
looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to
625 on the S&P, and says spending/stimulus programs will not work, a point
on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.- Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL /SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! GM
seeks up to $30B in aid, to cut 47,000 jobs (AP) America's Insolvent Banks
(at Seeking Alpha) Gold Jumps to 7-Month High as
Investors Seek to Preserve Wealth Stocks
sink to 3-month lows GM and
Chrysler seek nearly $22 billion more in aid Stocks
sink to November lows on depression fears U.S.
charges Allen Stanford with "massive" fraud Reality
about expensive, flawed, failed stimulus drag stocks down sharply (AP) It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson
| Williams predicts hyperinflationary depression will mean a $100 dollar bill
is worth less than toilet paper. 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP A “Monetary Stalingrad” is on its way to Europe Kansas suspends income tax refunds, may miss payroll Europe’s economic slump deeper than expected WORLD TO STAY IN SLUMP Previous(2-13-09), modest losses relative to reality
inasmuch as outlook remains bleak with data (though sugar-coated, inflated,
false to provide more favorable b.s. talk points) dismal as consumer confidence
down sharply ((56.2 vs. 61.2 previous, job losses continue as do earnings
declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Analysts
negative regarding level of uncertainty, skepticism regarding more stimulus/bailout
money down the rabbit hole, longer-term considerations of
deflation/hyperinflation, and particularly the valuation of assets in any of
the bailouts, etc.. Oil inventories high but production cuts will weigh heavily later. [$$] Long-Term
Dow Chart Suggests More Downside Large U.S. banks on edge of
insolvency, experts say Regulators close banks in
Neb., Fla., Ill., Ore. GOLD Separating from the US
DOLLAR-Banks insolvent Another $3T of
U.S. Debt: Don't Count on Foreigners to Pay for Our Bailouts U.S. auto suppliers seek $18.5 billion in government aid How Banks Are Worsening the
Foreclosure Crisis Stocks fall
as investors can't shake economic woes Huge stimulus
bill only the beginning of the end, substantial investment in Weimar dollar
printing presses/operators envisioned: Obama Will the stimulus actually
stimulate? Economists say no This
is 1930 all over again and far worse Federal obligations exceed world GDP... Euro Zone Sees Biggest
Contraction on Record Previous (2-12-09), suckers’ bear market rally
with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including increasingly high job loss/unemployment
numbers (though vastly understated), unexpected (euphemistic for false) +1%
January retail, and leak of yet the new latest, greatest, economic
“stimulus”/subsidy, etc., so especially great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! 23% decrease in wealth in u.s. and
much further to go. Fed printing worthless Weimar dollars like mad (ultimately,
inevitably hyperinflationary) while
treasury securities bubble gets bigger (stay away from treasuries –
TIPS/treasury inflation protected securities only). Total desperation by frauds on wall street. One analyst
previously pointed out there has been not one prosecution thus far and the
frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the
DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says
spending/stimulus programs will not work, a point on which he is correct and
the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst Andre
Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. Obama’s Stimulus Not Enough to Avert Biggest GDP Drop
Since 1946
Bloomberg | Obama’s stimulus plan will be
insufficient to avert the biggest U.S. economic decline since 1946 as consumer
spending posts its longest slide on record.
Marc Faber: U S will default on debt or enter hyperinflation YouTube
| Mr. Faber predicts the Zimbabwe model for the United States. Home Prices
Slide 12%, Most on Record, as Foreclosures Drain Value... Deluge of Financial Calamities Looming by Mid-March Retail
sales rebound, jobless claims stay high ABCNEWS:
CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we
start hiring again'... Retail
sales rise unexpectedly (false report) in January Wells
Fargo charge boosts fourth quarter loss (Reuters) Oh
yet another new mortgage plan news is bs purported reason for spurring late
suckers bear market stock rally The Market
and geithner's Empty Suit No Plan SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Previous (2-11-09),
suckers bear market rally into the close based upon the bailout/stimulus fairy
tale. Reality speaks for itself so the
following latest news links (job loss/cut anouncements too numerous for
inclusion and real numbers/data worse than false/gov’t/shill reports)
plus previous 2-10-09 assessment which follows. ‘WORST ECONOMIC COLLAPSE EVER’
In 2009 were
going to see the worst economic collapse ever, the Greatest Depression, says
Gerald Celente, U.S. trend forecaster. He believes its going to be very violent
in the U.S., including there being a tax revolt. This DEPRESSION will last 23-26
YEARS! Government is POWERLESS! We are facing a Depression that will last
23-26 years. The response of government is going to seal our fate because they
cannot learn from the past and will make the same mistakes that every
politician has made before them. Economic Rescue Plan: More Debt,
More Dollar Devaluation And More Government Larry Summers: Fox Guarding The
Henhouse COMEX Crash To Send Gold To $3,000
Gold jumps 3 pct to 6-1/2 mth
high on risk aversion Highest
Unemployment in Three Decades Economic Rescue
Plan: More Debt, More Dollar Devaluation And More Government PAPER:
European banks sitting on $24 trillion of toxic assets... The Day After:
Stocks Struggle to Overcome Geithner's Stumble, RIM's Warning Why Americans Should Care More About the $2-$5T Bailout vs.
the $789B Stimulus Ireland to take control of banks...
Popular Rage Grows
as Global Crisis Worsens Previously
(2-10-09) only modest drop relative to reality as pointed out by analyst Frank Cochrane who looks ahead to 4,000 to
6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and
says spending/stimulus programs will not work, a point on which he is correct
and the low end of his ranges closer to reality. There seems near unanimity by astute people in the
know that
timothy (only the little people pay taxes) geithner is just not up to the job.
Indeed, his apparent Freudian slip “arrest it” must have been a manifestation
of his guilt for purposely evading taxes [he still after audit and before
confirmation has not paid the taxes he asserted as time-barred for collection
(should have been arrested)], and then there’s the $4 trillion missing at the
New York fed (and hence his prospective arrest), and now even more obfuscation
with regard to taxpayer funds (possible future arrest?). A career bureaucrat,
one economist/analyst points out that tiny tim geithner is not an economist and
his so-called plan is without a plan yet we’re now talking in trillions.
Helicopter ben bernanke paints realistically bleak outlook [though rosier than
reality The Economist, a Widely Respected
and Authoritative Financial/Economic Publication: U.S. In Depression, Not
Recession Video:
Crash Will be Worse than Great Depression Great Recession/Depression of 2008, et seq., Worse Than
All Others IMF warns of Great
Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality Celente Correctly Predicts
Revolution, Food Riots, Tax Rebellions By 2012 Former chief
economist: U.S. in a depression Merrill Lynch’s Chief Economist: We’re Already In a
Depression Ray Dalio: A Long and
Painful Depression - Barron's Interview
Trendsresearch.com forecast for 2009 , job losses like mad, and don’t believe the
understated unemployment rates] seems
flustered, impotent but really should allow alan greenspan his due for the
current debacle. How about charging,
arresting, and prosecuting the perpetrators of the massive fraud instead of
using taxpayer funds to bail them out (especially since they’re now buying the
fraudulent, worthless securities as well as talking funny books – they already
have the funny money being printed like mad). Especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE
PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! . UBS cuts jobs after
fourth-quarter loss (Reuters)
UBS to slash
more jobs after reporting $7 billion loss Blue Chip
poll cuts forecast for second half 2009 (Reuters) GM
cuts 10000 salaried jobs, trims employees' pay Sirius
preparing possible bankruptcy filing: report Stocks sink over 4 percent on bank plan
apprehension U.S. offers $2 trillion bank plan but
stocks slump GE transport unit to cut or furlough
1,550 workers Asia stocks fall amid skepticism over
US bank plan (AP) $3 trillion! — Senate, Fed, Treasury
attack crisis [$$] Foreclosure 'Tsunami' Hits Mortgage-Servicing
Firms (at The Wall Street Journal Online) Senate Passes $819
Billion Economic Stimulus Bill Bernanke Begins
‘Thorough Review’ of Fed Disclosure Stocks Tumble as
Bailout Plan Is Unveiled Previous (2-9-09), suckers’ bear
market/short-covering rally into the close to end mixed based on continuing bad news including new job cuts/losses including 20,000 from
Nissan, etc., so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Barron’s: Economist/analyst says depression has long
way to go and lot’s of prospective pain Ray Dalio: A Long and
Painful Depression - Barron's Interview . Analysts
talk up adage, ‘buy on rumor, sell on news’ regarding ie., bailouts, bailouts,
bailouts, with money they don’t have as total now approaches $9.7 trillion
(printing those worthless Weimar dollars like mad, ultimately/inevitably hyperinflationary),
buy gold on dips; short-covering rally via irrational exuberance induced
bailout news, downside volatility, dilution (stock issued will dilute EPS),
stimulus won’t work, lottery stocks (financials) based on short-term blips
based on b.s./bailout news alone. Ray Dalio: A Long and
Painful Depression - Barron's Interview
Financial
plan won't include "bad bank": TV One
in eight lenders may fail, RBC says One
Scary Unemployment Chart Bring back the guillotine… for bankers Geithner says G7 should act ‘promptly’ on economy We’re moving close to ‘a bailout-based economy’ Protectionism, unemployment and riots as the global slump deepens Obama’s Change: Expanding the Power of the NSC and Shadow Government Fitch cuts BofA ratings (at
bizjournals.com) House Appropriations Chairman on Stimulus Waste: 'So What'...
CBO: Stimulus harmful over long haul... LG Elec to cut
$2.2 billion costs as recession bites (Reuters) Previous (2-6-09), suckers’ bear market
rally based on especially bad
news, viz., ‘depression-battered employers eliminated 598,000 jobs in
January, the most since the end of 1974, bringing unemployment rate to 7.6
percent, the grim figures being further proof that the nation's job climate is
deteriorating at an alarming clip with no end in sight.’ Economy so
weak oil demand and price down but oil stocks rallied in the
alice-in-wonderland fraudulent world of wall street. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.- Analyst Andre Egleshion puts the
amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so especially
great opportunity to SELL/TAKE PROFITS SINCE
MUCH, MUCH WORSE TO COME! Real Unemployment Figures Double Those Reported By Labor
Department Paul Joseph Watson | 7.6% is
actually over 15% - just 9% shy of figure at height of great depression. Financial Coup d’Etat Rep. Kanjorski: $550 Billion
Disappeared in “Electronic Run On the Banks” U.S. job losses accelerate Fed's Yellen sees dynamics similar to
Depression Regulators close 3 more U.S. banks Consumer credit falls more than expected
in Dec. Peter Schiff: Stimulus Bill Will Lead to “Unmitigated
Disaster” Nearly 600K jobs lost in Jan.; more pain
ahead Peter Schiff: Why I'm Right About the Substantial
Further Decline and My Critics Are All Wrong There is a
high chance a majority of the States within the United States of America could
file for Chapter 9 bankruptcy. There are currently 46 states with high budget
deficits, Arizona being one of them. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL
CAN SINCE MUCH, MUCH WORSE TO COME! Previous
day’s (2-5-09) news as bad, ie., record level monthly unemployment numbers much
worse than expected 626,000, factory orders down, IMF says no breakthrough in
stabilizing financial sector, etc., but irrational exuberance on bailout talk
and prospect of not only funny money but now funny assets with proposed new
accounting rules to hide financial reality (dismal) so great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
U.S. jobless claims
surge in latest week to 626,000 Parallels With the
Great Depression Obama Warns of
‘Catastrophe:’ What Happened to ‘Hope’ and ‘Change?’ NEWS
CORP loses $6.4 billion... ...writedowns GE chief warns on USA depression threat... Watchdog: Treasury overpaid for bank stocks... USA Must Spend Trillions they don’t have to prevent a
long-lasting Depression'... GERMAN BANK FIRST LOSS SINCE WWII OWING TO AMERICAN SECURITIES
FRAUD DEBACLE; REJECTS STATE AID... MCCLATCHY reports loss on newspapers' decline, plans deep cost
cuts... Treasury in plans for record debt sale... Accounting rule change
for more cook the books fraud and bailout hopes spur Wall St. rally New jobless claims surge to 26-year
high Auto suppliers seek rescue as
crisis deepens Art Hogan refers to the prevalence of bailout
rhetoric, financials (among others) under pressure because there have been
twice as many downside surprises on the earnings front with either no guidance
or bad outlook, and cites new trading range for oil at $40 - $50. Kraft, bank
worries knock Wall St; Cisco hit late Cisco
outlook misses expectations
The Bad Bank
Assets Proposal: Even Worse Than You Imagined TIMEWARNER the troubled, horribly managed media company swings to
4Q loss on hefty writedown...
UBS Boosts ‘09 Gold
Forecast to $1,000 One analyst previously pointed out there has been
not one prosecution thus far and the frauds on wall street should be
prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. Another Prominent
Economist Forecasts Depression, Says Gold To Hit $2000 Auto
sales hit 27-year low US
auto sales plunge 37 percent to 26-year low Motorola's
woes pile up in $3.6B quarterly loss Disney
1Q profits drop 32 percent; shares slide Wells Fargo
defends, then cancels Vegas junket Electronic
Arts posts wider loss, huge layoffs announced, hurt by charges Fed Secretly
Lends $2 Trillion to Banksters without Oversight JAPAN: “There has never been data this bad for any major economy - even
in the great Depression”; “We are literally looking at the unimaginable” Obama predicts more bank
failures California goes broke, halts $3.5
billion in payments Previous, consumer spending down
(-1%), manufacturing activity down, construction spending down 5.1% and much
worse than expected. Problems ahead for bonds (currency risk, low yield, etc.)
including treasuries (bubble), interest rates prospectively higher, bad real
estate market into 2010 as banks play catch up on foreclosed properties, with
top end getting hit and weaker rental market to boot. “…The United States was in much better shape,
economically, going into the Great Depression than it is now. Prosperity is not coming back to the
U.S. as we know it. We are in a lot
of trouble…”. Personal bankruptcies soar 33% More Economists Say Crisis Is Worse Than Great Depression Steve Watson
| Ominous headlines have prominent analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes dividend Factory
decline, consumer spending drops Morgan
Stanley plans up to 4 percent in job cuts Joint Chiefs chairman calls fiscal calamity a bigger threat than any war WALL
ST ALREADY DOWN 10% FOR YEAR... Folding
dealers shock car buyers with unpaid liens (AP) GlaxoSmithkline to cut
6,000 jobs: report The New Economic
Reality …do not think we should be incurring trillions in debt for an ill-conceived
or even a properly conceived plan. We cannot spend that much. OUR PROBLEM WAS
SPENDING MORE THAN WE MADE SO THE ANSWER CANNOT BE THE GOVERNMENT ALLOWING US
TO SPEND MORE THAN WE MAKE. Joseph Stiglitz, a Nobel laureate, can tell you
better than me, and he thinks we are asking for major problems.
Florida, Maryland, Utah Banks
Seized Amid Deepening Financial Crisis... Worse than the Great Depression Charts Predict: Oil May Whip Back up to $100 Previous session, 31st u.s. bank to fail,
6th this year, Economy's new plunge is
worst in quarter-century (AP) as GDP falls 3.8% defying much worse/higher private/real forecasts/estimates; bad
economy, bad economic data, bad real estate market; defensive non-equity
investing recommended, ie., short-term bonds, single short ETF hedge funds,
etc.. One analyst points out there has been not one prosecution thus far and they
should be prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. GDP sees biggest drop in 27
years The Ugly Truth: The American Economy is Not Coming Back Economy, bank
woes drag market to worst January ever Economy's new
plunge is worst in quarter-century Stocks'
January drop isn't welcome sign for 2009 [$$] January Was Dow's
Worst In 113 Years (at The Wall Street Journal Online) Economy's
new plunge is worst in quarter-century (AP) Worst
January ever for Dow, S&P 500 US Stocks Drop, Capping Market’s Worst January, on Economy
Bloomberg US Stocks Off; Financials, Industrials Lead DJIA Under
8000 MarketWatch US
Economy Will Keep Sliding After Shrinking Most Since 1982 U.S. Eyes Two-Part Bailout for
Banks 46 Of 50 States Could File
Bankruptcy In 2009-2010 Economic crisis has put the world “on the road to serious
social instability” Gold rallies 2 pct on haven buying, hits euro high Worst
January on Record for Stocks... Previous session, at least Obama referred to the
outrageousness of the wall street perps/frauds who created the crisis, got
wealthier in so doing at other peoples expense/damage, received taxpayer
bailout funds because of what crimes they did, and now reportedly took huge
bonuses ($18 billion) for failed and fraudulent performance; but if he thinks
shaming them into better behavior is effective, then he is a fool. One analyst points
out there has been not one prosecution thus far and they should be prosecuted.
Indeed, the
lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. All bad news: all-time
record continuing unemployment claims, durable goods orders down more than
expected, new home sales down record levels (-37%), banking system insolvent,
long-term treasuy bubble about to burst, DEPRESSION, etc.; December durable goods
orders declined 2.6%, marking the fifth straight monthly
decline. Excluding transportation, orders were down 3.6%. The drop in
both readings was also steeper than expected. In other economic news, December
new home sales declined more than expected, falling almost 15% from the prior
month. The supply of new homes is at an all-time high of nearly 13 months,
based on the pace of current sales. Demand for new homes remains weak as weak
labor markets limit buyers. Initial jobless claims for the week ended Jan. 24
increased modestly to 588,000, which exceeded the 575,000 claims expected.
Continuing claims climbed to 4.78 million, which is the highest level for
continuing claims in 40 years. More Economists
Say Crisis Is Worse Than Great Depression Steve Watson | Ominous headlines have
prominent analysts spelling out disaster. Jobless Sheep
Fed Reserve Fails to Reflate the US Banking System Signs of deepening economic woes slam
Wall St. Americans receiving jobless benefits hits record... [$$] Ex-Merrill Executives Got Burned
by Madoff (at The Wall Street Journal Online) Disney plans 5 pct job cuts at ABC group US new jobless claims up,continued claims a record Workers receiving unemployment at 25-year
high Obama calls $18B in Wall Street bonuses 'shameful’ –
Is that it? Is that all there is? What about illegal as the perpetrators of the
massive fraud receive taxpayer bailout funds …for their bonuses.' Japanese output falls at record pace Ford posts $14.6B 2008 loss, near $6
billion loss for quarter, still won't seek aid Merrill Lynch’s Chief Economist:
We’re Already In a Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality MURDOCH:
Crisis Worsening, 'Drastic Action' Needed... Stiffed: Why are
bailed-out banks helping Pfizer buy Wyeth? Previous, suckers’ bear market ralley based
on b**l s**t alone, viz., the now fabled big bad wolf bank to eat all the
so-called toxic debt at taxpayer expense (for the
economy- what a fairy tale),
etc., so especially great
opportunity to SELL/SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME! All bad news continues: Boeing to cut
10,000 jobs, AOL 700, Starbucks 6,700 , and on and on, the list is long,
continues, and is growing, Warning over collapse in capital flows Telegraph | The world
economy will shrink this year for the first time since the Second World War,
warns the gloomiest forecast yet delivered by a major international
institutional. MERRILL LYNCH’S CHIEF ECONOMIST:
WE’RE ALREADY IN A DEPRESSION Stocks Could Drop 20%, No Safe
Haven: Dr. Reality World growth ‘worst for 60 years’ Mass layoffs surge in 2008, continue at
rapid pace (AP)
'American consumer can no longer act as motor of global
economy'... Analyst
Ciovacco sums it up thusly: …We have seen many of these bailout
inspired "feel good" days during the bear market. The market cheered
the bailout out of Bear Sterns, only to retrace all the gains while moving to
lower lows. When Fannie and Freddie were bailed out by you and me (taxpayers),
the market "felt good" only to move on to lower lows and more losses.
When AIG was bailout out by - you guessed it, you and me, it was seen as a
positive. Stocks went on to make new lows. TARP was hailed by the markets as
the answer to all our problems - stocks moved higher in anticipation, then made
new lows. When the formerly "big" three were given government loans,
the market breathed a sigh of relief - then, you guessed it, moved lower.Here
we go again. The “bad bank” is this morning’s feel good story. The futures are
higher on “speculation” the government will set up a bad bank. The problem is a
familiar one for money managers - we do not know what the rules are and how the
"bad bank" will be set up. Will it be good for shareholders in banks?
Will it be bad for shareholders in banks? We are not sure because we have no
details on the latest bailout, only speculation and a few sound bites. The
basic goal of the bad bank according to this morning’s news reports is to
"get lending going again". In an overleveraged world, is more credit
really the answer? I thought too much credit was the problem…Previous, what are they drinking, smoking, snorting on
wall street with suckers’ bear market rally on decisively bad news; viz.,
consumer confidence at lowest level ever recorded (37.7) Consumer Confidence
Slides to Record Low in January , 18% plunge in home prices as per highly regarded Case/Shiller Index,
Retail Federation gives bad retail outlook, layoffs du jour galore, etc., and
even as oil plunged on the bad economic data, oil stocks rallied…riiiiight!
What, they worry…hell no…they work for wallstreet/government. They’ll still get
their commissions on the way down and maybe stick you with their over-priced
dogs as well. Same modus operandi as in January et seq, 2008 when they sucked
in the suckers who this time (fool you twice, shame on you) will deserve to be
burned for wall street commissions/ compensation/ bonuses’ sake as in the year
just passed. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so great opportunity to SELL
INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! Bank bailout could
cost $4 trillion CEO
confidence plunges around the globe Consumer
mood at record lows, house prices sag Corning
slashes up to 4,900 jobs to cut costs Moody's
says could cut GE's triple-A credit rating Target
eliminates positions amid weak sales Nation's
economic mood darkens as more jobs vanish S&P
index shows plunge in November home prices Yahoo
posts higher profit but outlook weak Yahoo
suffers 4Q loss, but tops analyst views IBM
quietly cuts thousands of jobs Economy in free
fall in fourth quarter Companies in U.S. to Slash More
Jobs, Business Economists Say military spending is crippling
america Previously, wall street frauds’
nirvana (commissioning a large incline then decline then suckers’ bear market
rally into the close incline) at just a program loop, button push, mouse click
away based on bull s**t alone and ‘Little Shop of Horrors’ viz., wall street vegetables clamoring ‘feed
me, feed me’ with hopes for taxpayer bailout funds and short-covering bear
market rally.. Motek’s experts: One land of
fruits and nuts politician too many for a business hour; there will be no
further comments relative to Frank Motek’s knx1070am caleefornia business hour
inasmuch as the show has become a bit too parochial and limited in scope. 68,000 new job
cuts this day alone. Existing home
sales on foreclosures up 6.5% so new home sellers
rally…riiiight!...Preposterous!...Leading indicators allegedly up .3% on increase in money supply
(hyperinflationary)…Riiiiight! NY
financier arrested in purported $400 million scam Reuters
Job-killing depression racks up more
layoff victims Economy in free
fall in fourth quarter FANNIE to Seek
Up to $16 Billion in Emergency Treasury Aid to Stay Afloat...
Gloom deepens as 75,000
global jobs go... Gold pushes
above $900 in buying spree; Yellow metal posts all-time highs in euro and
sterling... Economy in free
fall in fourth quarter Previous, mixed
finish on relatively light volume defies reality with another near 200 point
swing to the upside on suckers’ bear market rally into the close to keep
suckers suckered on decisively bad news so sell into rallies/strength/take
profits/sell while you still can since much, much worse to come. Motek experts: Art Hogan points to
volatility, lots of headwinds for market, magnitude of the worse than expected
results, doubling underestimated earnings to downside and no guidance
indicative of lack of belief in efficacy of stimulus, and lag effect concerning
stimulus which will help but not soon enough. Investment analyst says P/E
ratios for stocks much too pricey, cite S&P single digits in milder
recessions past hence way over-valued at 15 P/E now.
GE profit
down 44 percent Earnings and depression batter world
stocks Britain officially slips into recession Schlumberger 4Q tumbles; sees rough year ahead Harley to cut 1,100 jobs as 4Q profit falls Xerox 4Q profit plunges, misses Wall Street view (AP) 2009 Heralds “A New Age Of
Rebellion” Geithner's failure to pay taxes
completely intentional Misguided Spending Will Only Take Us Deeper Into Depression Poor
earnings, opaque forecasts weigh on stocks (AP) Freddie Mac
to ask for billions more in funds Freddie Mac to
ask government for another $30-$35 billion Brower Piven Encourages Investors Who Have
Losses in Excess of $500,000 From Investment in Bank of America Corporation to
Inquire About the Lead Plaintiff Position in Securities Fraud Class Action
Lawsuit Before the March 23, 2009 (Marketwire) Capital One
results suggest gloomy 2009 for credit card industry Wall Street's
culture of entitlement hard to shake “The stock
market has been bluffing investors for decades. The market's indiscernible
jolts have been particularly pronounced and painful in recent months.” Simon
Maierhofer“Unprecedented” Job Cuts in
Works at World’s Largest Automaker [video] Gold
Surges VIDEO: THE GLOBAL FINANCIAL CRISIS
- Montreal Lecture: The Great Depression of the 21st Century Motek experts: Discuss new unemployment claims at 589,000 match
26 year high, 4.6 million continuing u.e. claims, wall street strategist (actually just another wall street fraud)
thain at last minutes before BofA bailout/takeover does
compensation/bonuses/expenditures and gets axed, all-time low for housing
starts with downsides well into 2010, job losses trend to accelerate well into
second half 2009. Analyst says near term increased uncertainty,
gamble, financials undercapitalized, recommends risk adjusted/barely below
investment grade junk bund funds (high ror) and gold mining etf’s while warning
long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job cuts and
absence of forward-looking guidance. Worsening signs for Apple with slowdown in
pc sales and reliance on retail/pricing. Currency expert says problems serious, gov’t needs to raise $2 trillion, crowd
out private sector, increase cost of money, fanny/freddy, government replacing
private mortgage lending with negative implications. Frank congratulates Paul
Kangus on Nightly Business Report 30 year anniversary where he began his
business reporting career. Just The Early
Stages of Economic and Financial Collapse Jobless claims
surge, housing starts tumble Back In Reds After Economic Data... Bank results plummet... Angry customer rammed bank with pickup... GOOGLE
PROFIT SLIPS FOR FIRST TIME... MICROSOFT stuns with profit miss, job cuts... Roubini: Banking System is “Bankrupt”, “Effectively
Insolvent” Previous, wall street frauds’ nirvana (commissioning a huge decline
then a huge incline) at just a program loop, button push, mouse click away
based on bull s**t alone and ‘Little (wall street) Shop of Horrors’ viz., wall street vegetables clamoring ‘feed
me, feed me’ with high (what are they smoking, drinking, snorting) hopes for
taxpayer bailout funds and short-covering bear market rally. The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. Motek’s experts:
Analyst/options/speculator talks roller coaster ride on wall street regardless
of results, banks still in trouble with dilution via government takeovers,
talks lessons…please, give us a break…, then risky strategies, ie., risky bonds
into riskier equities as if that isn’t that how we got into the continuing
mess. Only-the-little-people-pay-taxes geithner, a co-architect of the current
mess said food lines long and getting longer even as he dodges taxes
(purposefully…after audit and as currently pending appointment, paid back taxes
but scofflawed time-barred taxes owed), while economist says geithner a
scofflaw and stimulus just more pork. Geithner was
“involved in just about every flawed bailout” of the Bush era (On capital hill
they were afraid to ask the question as to where is that missing $4
trillion at he ny federal reserve bank which is defacto complicity) Financial Times editor says
dramatic prospective action will be very unpleasant for shareholders. S&P 500
Q408 Earnings Now Expected to Fall 28.2% Royal Bank of Scotland to Record $41 Billion loss, State Street profits down 71%, Bad
news across the board as Worst Inauguration Day Drop in Dow
Industrial History... Roubini Predicts
U.S. Losses May Reach $3.6 Trillion Prominent
Economist: Crisis Caused By Government Interventions Motek’s experts: Land of fruits
and nuts actor/entertainer/speculator/sometimes economist
Ben Stein [who previously took a page out of GM’s playbook by
lambasting Fortune Magazine (you might recall some two decades ago that Fortune
warned of GM managerial ineptitude to which GM responded with outrage and
withdrew all advertising and revenue to Fortune thereby in retaliation - if
only they had listened) for saying caleefornia is number 1, numero uno ….. as
prospectively worse real estate market in the nation, the same Ben Stein who
poo-pooed Peter Shiff’s correct prediction of market crash, but did correctly state fed policies
hyperinflationary, and also just
criticized Shiff’s recent prognostication ( he previously had to apologize to
Shiff having done wrongly so before- his criticism of Peter Shiff for warning of this debacle
years ago). He throws out a couple of economic terms (demand
pull/cost push inflationary terms) to buttress his criticism of Shiff but he’s
just out to lunch in citing the absence of demand as militating against Shiff’s
inflationary argument since history (and even currently, i.e., zimbabwee) is
replete with examples of low demand and or impoverished nations that have
over-printed their currencies with hyperinflationary results as will occur in
u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke!] while commenting on the inaugural
address (who cares…what do you expect them to say…all talk is cheap in
fraudulent america particularly) says in need of specifics, says because he
can’t do taxes geithner doesn’t have to, talks gov’t guarantees on loans except
for fraud, bad banks/financials, no bottom. Analyst says things getting worse not better,
bad equity ratios, banks not sufficiently capitalized, unemployment/job losses
yet to hit so worst to come. Economist says recession/depression with 500,000
job losses per month, housing/stock declines, bad bank bailouts with taxpayer
money bad idea/bad deal, hopes on stimulus. Peter Shiff says they buy on rumor and sell on fact/reality,
TARP/government spending the problem, new lows for financials, eventual dollar
collapse, bailing out/subsidizing incompetent high paid executives, get out of
any assets connected to u.s., buy gold.
Roubini Predicts
U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may
reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent
Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in charge. Previously, a big suckers’ depression era rally of near
200 points into the close to keep suckers sucked in while churning and earning
those commission dollars on decisively bad news (ie., circuit city
liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down
2%, cpi down .7% on lower gas/oil prices but watch for inevitable
hyperinflationary effect of worthless Weimar dollars they’re printing like mad,
Citigroup -- after
suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is
reorganizing into Citicorp and Citi Holdings—what a joke; first will focus on
traditional banking around the world, while the second will hold the company's
riskier assets and tougher-to-manage ventures; Bank of America slides to 4Q
loss; gets more ‘down the rabbit hole’ taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior
month, 4.5 million collecting unemployment/64% increase, foreclosures for
December up 17%/2nd worst on record and high for ordinarily slow December,
etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 , the lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Retail sales
much worse than expected -2.7% and double (100% worse) expected decline with
financial sector usual suspects providing other dose of bad news, along with
beige book which cites weakness in all districts. Job cuts, job cuts, job cuts,
and Jobs cut work schedule with medical leave till June, 2009. Oil inventories
up however since economy is so bad demand has substantially weakened. What usually
either way would have derailed prospective nominees in past, viz., illegal
nannies, failure to pay taxes, etc., has rallied defense of geithner TAX
MESS: Panel delays hearing on Obama's Treasury choice... , the new york fed man ( Fed Mob Boss Geithner’s Confirmation Sidelined - too n.y. jewish to fail or be held
accountable, in fairness there’s also trump and alito, and bush and clinton,
etc., all of whom seem impervious to the laws and rules of civilized
governance; owe, oh! how the mighty have fallen, including meaningfully lawless
america). Given the state of the nation, who can rationally defend those
experienced with having caused the crisis in the first instance (there is the
matter of course of campaign finance bribery). HOW ABOUT ASKING
GEITHNER ABOUT THE MISSING $4 TRILLION AT N.Y. FED BANK, WHO STOLE IT, ETC., AS
A PRE-CONDITION TO HIM EVEN BEING CONSIDERED! THROW THEM, THE FED, WALL STREET FRAUDS,
ETC., IN GITMO; THEY’RE CERTAINLY ECONOMIC TERRORISTS, FRAUDS, THIEVES WHO’VE
DONE FAR GREATER DAMAGE TO AMERICA THAN ALL AMERICA’S ENEMIES COMBINED. Typical wall
street jew madoff will just have to suffer his bail days in his $7.5 million
n.y. penthouse apartment. $700-Billion Bailout Lacks Transparency, Accountability,
Congressional Panel Says Motek’s (Frank still out but returns on Monday, but will
his program still be there after decimating week) experts: Senile Wedbush from
the land of fruits and nuts to his credit refers to the extent financial
scenario by the “D” for Depression word (he very well may have been around to
have experienced the first Great Depression) and borrows refrain from old
Springfield song of ‘ Wishin’ and Hopin’ ’…riiiight…Start your own company,
ie., apple stands (candy, caramel, or plain); land of fruits and nuts better
stick with a taco or tamale stand; hot dog stands…riiiiight! (Previous) Hugh
Johnson says earnings recession and lots of going out of business signs. Retail
analyst says lots of bankruptcy filings and store closures particularly in
select regional/female apparel/jewelry. Hugh Johnson, analyst, says Alcoa much
worse than expected a wake up call, earnings below expectations, widespread
downturn but much more difficult to forecast than ever (welcomed obfuscation so
they can talk the talk and sucker you), oil speculators still in play, bailouts
old news but enormous deficits/problems therefrom. Investors Business Daily
editor, spend and cut taxes, TARP money not enough, $485.2 record deficit, deficits
will continue to grow, will catch up to u.s.,
long term better…riiiiight…how ‘bout in long term as per keynes we’ll
all be dead…if you’d have listened to equities oriented IBD you’d probably be
broke by now even if you were as they seem to presume a trader. Analyst Gabriel Isdumb says eventually
things will be better…yeah…riiiiight!…right after the depression has run it’s
course. Autonation expert says the worst conditions he’s ever seen which he
further describes as appalling. All news bad and worse than expected (ie.,
Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion,
etc.). Former chief economist: U.S. in a depression The U.S. Economy is being
Marched to the Gallows Andrew Hughes | Predictions of
hyperinflation, dollar decline and civil unrest. No Brainer: Bankster Bailout is
Unconstitutional Kurt Nimmo | A world system of
financial control in private hands will begin the process of delivering
feudalism to the American people. The Economy Is in a Depression The economy contracted at about a 5% annual rate in the fourth
quarter. Bank of America to receive
additional $20 billion International Herald Tribune | The second lifeline
brings the government’s total stake in Bank of America to $45 billion and makes
it the bank’s largest shareholder, with a stake of about 6 percent. Counterfeiting? Bank of England
able to print money without having legally to declare it Bank of America to Get Billions
More From Treasury Washington Post | The Treasury Department
plans to invest billions of dollars in Bank of America to help the company
absorb troubled investment bank Merrill Lynch. Citigroup -- after suffering a loss of
$8.29 billion, its fifth straight quarterly deficit -- is reorganizing into
Citicorp and Citi Holdings. The first will focus on traditional banking around
the world, while the second will hold the company's riskier assets and
tougher-to-manage ventures. Bank of America slides to 4Q loss; gets more ‘down
the rabbit hole’ taxpayer money. Bernanke: U.S. Financial Crisis Worse than Japan’s Lost
Decade, but We’ll Still Copy the Japanese Playbook, Even Though It Didn’t Work Nortel
files for bankruptcy, shares plunge , (Reuters) $700-Billion
Bailout Lacks Transparency, Accountability, Congressional Panel Says U.S. Retail Sales
Decline for a Sixth Month Dismal
holidays over, but retail outlook still dim , CITIGROUP Stock Falls
Below Critical $5 Level... 'Long-term
transformation'... 'Swift decline in America's influence'... Stocks
tumble as worries grow about banks... JPMorgan
CEO predicts bleak year: report (Reuters) JPMorgan's
chief executive predicts that the financial crisis will worsen this year, in an
interview with the Financial Times newspaper published on Thursday. Sen Dorgan: Federal Reserve Refuses To Identify Recipients
Of 2 Trillion In Emergency Loans Throw them, the fed, in
gitmo; they’re certainly economic terrorists, frauds, thieves who’ve done far
greater damage to america than all america’s enemies combined. Our
Collapsing Economy According to the Bureau of Labor
Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007
through December 2008. Marc Faber: “I Think it Might Be Far Worse [Than the Great
Depression] Precisely Because of the Interventions” by the Government The
latest edition of Marc Faber’s latest newsletter fell off two separate trucks
in my ‘hood, and I thought the most useful bits were Faber’s observations
(honed from many years of seeing the world from Asia) that just because a
market has gone down a ton doesn’t mean it can’t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies
Fed Economists slashed forecasts for U.S. growth in 2009 and
projected Federal Reserve policy makers won’t be able to start raising interest
rates until 2010, according to a monthly Bloomberg News survey Treasury: Deficit
hits new record in just 3 months... TREASURY PICK FAILED TO PAY TAXES Bond
Bubble Looms ‘The key
here is to stay the course and not to be sucked into the hype; don’t let your
eyes deceive you. Printing money non-stop for a year (or longer, I don’t see
him stopping any time soon) will have
consequences (meaning hyperinflation/worthless dollar, etc.).’ Those commerce department job numbers in prior months
revised upwards (I warned of the falsity of same even as wall street frauds
rallied on the false data). 2.6 million jobs lost in 2008, worst since 1945. Motek’s experts: Financial analyst says treasuries at 0%,
money markets near 0%, so seek companies with pristine balance sheets and
dividends, negative doldrums as market (irrationally) shrugs off bad news, no
magic wand from new president, cross your fingers and hope…..riiiiight!
Economist discusses jobs report, says lagging indicator and rough time, savings
up but spending down, weakness through at least first quarter of 2010, lots of
pain ahead, real estate prices continue decline through coming year, -20% to –25% with land of fruits and nuts in
worst case scenario. Another economist also discusses continued declines for
real estate with land of fruits and nuts in worst case camp, foreclosures a lot
higher with peak at 20%, and cites (probable) decade long stagnation as Japan
in ‘90’s. US Debt is really 53 Trillion. Can you say Dollar Collapse
then Massive Hyperinflation Coming? Roubini
Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst Now the U.S. porn industry seeks $5billion bailout
Citi, Morgan Stanley in brokerage talks;
Rubin quits $$] Rubin Departs Citi on a Low Note
(at The Wall Street Journal Online)
Agency warns on automakers' pension
funds: report Jobless rate at 16-year high as payrolls
plunge Job losses hit 2.6 million as layoff pain
deepens Wall Street falls on job woes, Citi Stocks slide after rise in unemployment rate (AP) Manufacturing slumps at fastest
pace since 1981 More people collecting
unemployment benefits Depression more severe than thought: Fed’s Rosengren Horrible data and again worse
than expected but suckers’ bear market rally into the close based on bull s**t
and bailouts (with money they don’t have) provides excuse for irrational
exuberance and mixed close. Weak retail and
unemployment at 26 year high.Motek’s
experts: Analyst points to dire warnings across the board while real estate/housing/building
analyst says 2009 will be bad year with 20% declines in real estate values as
unemployment goes higher while another real estate analyst says not a good time
to buy a home. U.S. companies
face $409 billion pension deficit: study U.S. debt is
losing its appeal in China LET'S PRINT MORE WORTHLESS
MONEY! Obama Bets Big on
Big Government... Dems Raise
Doubts on Plan... A worse-than-expected ADP employment report indicated 693,000 jobs
were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early
weakness with typical suckers’ rally into the close to finish off lows. Motek’s experts: Analyst says first 5
days of trading in January, 2009 historically a bad sign, gloomy employment
scenario with 693,000 jobs lost in December, economic contraction in major way
coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse
so tough to make bull case, defensive position, low allocation to equities with
high capitalization/consumer staples. Oil analyst points to weak economy/jobs
data, absence of leveraged money chasing oil and says $60 oil soon. Economist,
part of the corrupt fed team discusses job losses. Final expert discusses
demographic trends behind and causative of cycles as 1929, 1968, and now, baby
boomers, bleak outlook, economically shot their wad in terms of ability to
avoid depression. Analyst
Predicts 40% Unemployment, No Recovery until 2015 Bear rally over, the great dying begins in
corporate America Wall Street
falls sharply on employment realities, realistically bleak corporate outlooks Budget deficit to hit $1.2 trillion in
fiscal 2009 Intel warns second time on quarter U.S. says Madoff sent diamonds in
violation of bail Profit warnings, poor job outlook weigh on
stocks (AP) Yes, fed now using the ‘D’ for depression
word which means we’re in a depression (after all, they were saying no
recession when we were already in one). What are they still
drinking, smoking, snorting on wall street with suckers’ bear market rally into
the close. They’ll still get their commissions on the way down and maybe stick
you with their over-priced dogs as well. Same modus operandi as in January et
seq, 2008 when they sucked in the suckers who this time (fool you twice, shame
on you) will deserve to be burned for wall street commissions/compensation/
bonuses’ sake as in the year just passed. Service sector
(90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on
record) and much worse than expected. Some reality: After a short modest rally in
the stock markets, lasting at best if at all, 1 to 4 months after Obama is
inaugurated as President, people will realize that Obama’s stimulus plan isn’t
going to work. Specifically, it will become obvious that we’re in a Great
Depression, and that nothing that Bushco or Obamaco did can get us out of it
(it may take a while longer for people to realize that what both
administrations did actually made the financial crisis much worse). At that point, the
stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600.
Robert McHugh thinks the crash will drive the S&P to 500 or
lower (in McHugh’s worst-case scenario, the S&P could end up at 50). At
around the time of the crash, the bubble in long-term treasuries will burst.
Retirees and other people who have socked away their money in treasuries will
get hit hard. The government itself will start massively buying its own
long-term treasuries. Motek’s experts: Art
Hogan in straight-shootin’ mode (as opposed to wall street shill mode) focuses
(but only briefly) on fed’s depression/deflation words, says quite correctly
that the focus has been on the cure (ie., bailouts) rather than the illness,
lots of badnews, dismal earnings, etc., only slightly better at best in second
half (I don’t think so), stay away from consumer discretionary cos., metals
higher, market may be higher at year end (not likely), but rocky road till then
(and beyond). Financial times editor says shocked by fed’s 0% move, very scary
scenario, the specter of depression/deflation looms large, much too much
optimism over Obama prospective stimulus plan. Economy in grip of recession/depression, reports show Stocks
end higher on hopes for economic rebound
Alcoa to cut 13 pct of global work force The Secular Bear Market Continues Willem Buiter warns of massive dollar collapse Bank Of England Policymaker Predicts Unprecedented Dollar
Collapse Car
sales plunge heralding bleak 2009 but car stocks rally; construction
numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide Stocks slip on telecom and financials; Apple jumps on
‘jobs alive’ news…riiiiight!
Obama
plunges into econ talks, borrows a page from bush economic strategy of spending
money you don’t have and cutting taxes, and predicts approval Consumer bankruptcies jumped 33% in 2008 and much worse expected
in 2009 including commercial bankruptcies far greater and larger than in 2008 [$$] Don't Get Too Happy About the New Year Check This Graph-Proof we are going into a Great
Depression. Notice MASSIVE job losses. Is there really any doubt any longer?
The Economist, a Widely Respected and Authoritative
Financial/Economic Publication: U.S. In Depression, Not Recession Don’t
forget their 2008 talk as now for 2009. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so great
opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN
SINCE MUCH, MUCH WORSE TO COME. More dismal news for lunatics on wall
street to fraud on: ISM factory utilization index fell to the lowest level in
over 28 years. Factories
mired in worst slump in 28 years
They’re printing worthless Weimar dollars like mad for the celebrated
bailouts, bailouts, bailouts, and stimulus so stimulating. Motek’s experts:
First expert talks up superstition, the so called ‘january effect’ saying if
positive this month then the worst case scenario is –5% for DOW/S&P for the
year, so the frauds on wall street are really shootin’ for the moon (lunatics)
for the effect, still in recession but bear market rallies not bad but not for
buy and hold crowd, dump non-performers, favors medical devices/health care
related, disfavors autos/financials. Another expert who scans/digests
newsletters says market/newsletter euphoria contra-indicated, new lows are
coming, the best funds in 2008 were short or cash. News typically
bad: Difficulty tracking and monitoring bailout money…Daaaaah! Understated
unemployment numbers still at recession/depression levels (4.65 million);
retail correction-bankruptcies, closings, fewer stores. Motek’s experts:
Peter Shiff says it’s not the disease but the government cure that will kill
us, dire forecast for 2009 and beyond-inflation, companies going out of
business, commodity prices higher, world’s largest debtor america is bankrupt,
more borrowing/spending their failed prescription, bleak picture for dollar the
value of which will be halved and high probability that the decline will be
70-90%, gold higher and $2000 gold in not so distant future, oil much higher
and $200 oil in next couple of years, stocks will continue to decline, on the
long side he favors quality EU, Asia securities and precious metals
particularly monetary metals gold, silver. Oil analyst says
oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.;
Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather
quickly, gasoline demand anemic but oil price the factor. It’s time for
ben stein to resign himself to just a land of fruits and nuts actor/entertainer/speculator
as he lambasts Shiff’s prognostication ( he previously had to apologize to
Shiff having done wrongly so before- his criticism of Peter
Shiff for warning of this debacle years ago). He throws out a couple of
economic terms (demand pull/cost push inflationary terms) to buttress his
criticism of Shiff but he’s just out to lunch in citing the absence of demand
as militating against Shiff’s inflationary argument since history (and even
currently, i.e., zimbabwee) is replete with examples of low demand and or
impoverished nations that have over-printed their currencies with
hyperinflationary results as will occur in u.s.). Stein should be on the Strip
doing stand-up (comedy). He is a joke! Suckers' bear
market rally into the close to keep the suckers suckered on NEWS MUCH WORSE
THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index,
October home prices were down 18% year-over-year, the largest drop on record.
According to the U.S. Conference Board, consumer confidence dropped more than
expected to an all-time low in December AT 38%. Record number of bankruptcies
and particulary hard hit commercial sector in coming year, ie., malls, retail,
etc.. Worse stock market declines for the year since 1931 (Great Depression)
and worse to come in 2009 despite suckers’ bear market rallies to keep you
sucked in. Put these wall street frauds in jail and force disgorgement of their
fraudulent gains. There are loads of able new grads and job seekers who can
take the place of the wall street frauds who caused the crisis owing to their
own avarice and continue the coverup to get taxpayer bailout funds. The markets
should be efficient and predicated on rational valuation which is totally
absent in america’s fraudulent, manipulated markets. Absent prosecution and
disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi
scheme uncovered in addition to madoff, which are just tips of the iceberg of
multi-trillion dollar frauds), america will not be worth the paper the
worthless Weimar dollars and worthless securities denominated in same are
printed on. Non-Motek expert: markets
to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%,
NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half
inflation from printing worthless Weimar dollars/stagflation; another expert, consumer
has collapsed, 2009 will be very tough year for autos; a real estate analyst
says 2009 will be a very tough year and hopefully we’ll get through
this…..riiiiight!…I don’t think so…Almost one in 10 Floridians are on food stamps Online
holiday sales fall 3 percent Madoff liquidation trustee receives $28M for costs (AP) Charlotte, NC, home values post record decline (AP) Wrong Great Depression Lessons Will Haunt Equities in 2009 73,000 retailers to close in first half of 2009, Stocks
Rally Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and
takeovers starting next month as holiday sales are shaping up to be the worst
in 40 years There’s No
Pain-Free Cure for Recession/Depression Schiff: Government Interference Only Makes The Problem
Worse Paul Joseph Watson | Establishment talking heads still pushing useless
and destructive bailout. A Ponzi Scheme
Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme
that has been looted (the iou’s) and is hopelessly insolvent. This on top of
previous suckers' bear market rally into the close with 100+ point swing to the
upside to keep the suckers suckered. Time for prosecutions of and disgorgement
of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff
is just the tip of the iceberg; all news decisively bad and worse
than even dismal expectations except that the frauds on wall street continue
their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO
STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally,
his accounts 20-25% cash, can make bearish argument since still looking at
writeoffs, government still must sell bonds to help finance bailouts, municipal
bonds troublesome as iou’s might extend maturities, don’t try to catch falling
knife in this market but some high quality bonds may offer value, dollar to
take hit (they’re printing worthless weimar dollars like
mad-hyper-inflationary); Oil expert says overshot to downside and will see
turn-around in oil; U.N. Security Council condemns massacre by zionist israel. Pros Say: Employment Collapse is Coming Holiday Sales Slump to Force U.S. Store Closings,
Bankruptcies Manufacturing,
Home Prices Sank: U.S. Economy Preview Holiday Sales Tumble as US Consumers Reduce Luxury
Purchases Bleak economic picture emerges from new data Retail
Sales Plummet Holiday Sales Tumble as US
Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds
on wall street say they are entitled to the obligatory santa claus rally and
attempt to keep you suckered in for their commissions sake with small gains on
bull s**t/fraud alone in holiday shortened light trading, but reality says
every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ,
and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral
short-covering to lock in year-end gains for window dressing and much, much
worse to come. Unemployment up more than
expected at 26 year high and consumer spending down for
fifth month in a row. In their typically corrupt way, scandal-scarred commerce
department provides fake data for b.s. talking points far better than private
economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise
inventory draw, which suggests stronger-than-expected demand for the commodity
as Department of Energy reported that oil inventories for the week ending Dec.
19 decreased by 3.10 million barrels. Analyst:
One Third Of Banks To Collapse In 2009 U.S. Economy: Home Prices Fall At Depression Pace Recession/depression deepens, countries boost spending Previously, just
modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Existing
home sales plunged to a rate of 4.49 million last month, down 8.6 percent from
October, and worse than economists predicted. Total sales, not calculated as an
annual rate, fell 17 percent in November from a year earlier to 322,000, sales
of newly built homes fell 2.9 percent from October to a pace of 407,000 units,
the slowest rate in nearly 18 years. Madoff investor found dead of suicide.
Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even
though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3.
Final third quarter GDP data showed economy contracted at an annualized rate of
0.5%, unchanged from the prior reading though personal consumption component
was down 3.8%. Motek’s experts: actor/speculator/entertainer/sometimes
economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune
Magazine (you might recall some two decades ago that Fortune warned of GM
managerial ineptitude to which GM responded with outrage and withdrew all
advertising and revenue to Fortune thereby in retaliation - if only they had
listened) for saying caleefornia is number 1, numero uno ….. as prospectively
worse real estate market in the nation, the same Ben Stein who poo-pooed Peter
Shiff’s correct prediction of market crash, but does correctly state fed policies
hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon
and says only 10%, not 25% (as
consensus predicts), decline for caleefornia…..riiiiight…..take that to the
bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD
flips yet again-if only we were all traders…but if you had followed his every
whim, only the frauds on wall street would have made out with substantial
commissions in the ups/downs. IMF warns of Great
Depression 100% chance of depression in US Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21% U.S. Home Resales Fall; Prices Drop by Record 13.2%
Congressman: “If We’re Not Very Lucky Or If We Don’t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”
World faces “total” financial meltdown: Bank of Spain chief
Previous suckers
bear market rally into the close with 150 point swing to the upside based on
bull s**t and fraud in the inducement alone to keep the suckers sucked in and
commission dollars flowing for modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street do their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Motek’s
experts:Economist says economy in full-out recession, aggregate demand down
across the board, abusers are not lubrication for economy so should not get
bailout, another 25% down for real estate prices as foreclosures also will
continue but lower prices will eventually stimulate demand, fed focused now on
long-rates, cites housing/finance/consumer debacles and no recovery till at
least into 2010 at best (I don’t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we’re in the bust part); another cites high
redefault rate on modified mortgages and more foreclosures; auto analyst points
to Toyota showing first loss since 1941 inception, global downturn with no
nation spared, reckoning for 15-20 years of bad decision-making, 2009 very
grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce
expert cites first flat to down year of online retail sales growth; downgrades
GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief
Housing
crisis worsens as economy weakens
Japan recession deepens, China cuts rates Great Recession/Depression of 2008, et seq., Worse Than All
Others
AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid
and far exceeding that of their far more able foreign counterparts (AP) Where'd the bailout money go? Shhhh,
it's a secret (AP) Housing
crisis worsens as economy weakens
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses
relative to reality so sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at
least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and
says GM within weeks of default. Oil analyst cites recession, week demand,
over-supply also stating storage facilities full and resorting to offshore
tankers to store excess oil. Media analyst says economic model for
newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression He Saw the Crash Coming: What Gary Shilling Sees for 2009 Yes, Shilling’s
using the d for depression word so If
video unavailable,
here for avi rendering SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' Previously, recession/depression level
554,000 new unemployment claims (I’m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide
those but they’ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says
pressure on commodities generally, liquidation on expiration of January (2009)
oil contracts and liquidation of positions, but February (2009) contracts back
to $40+ rather quickly, and points to decreased current and prospective
refinery capacity on thin to low margins.
A Most Desperate
Move by the Fed Dollar’s Slump Erases Months Of Solid Gains “The Biggest Bubble Of All . . . U.S. Government Debt” Video: Crash Will be Worse than Great Depression Editorial: What ails global financial system ‘The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce economic
meltdown and plunge the world into recession. Most staggering is the stupidity
of both regulators (and government corruption/venality vis-ŕ-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’ Ł142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay Ł4.3billion in
bonuses to its City workers. Dollar Falls Most Against Euro Since 1999 Debut on Fed’s
Rate Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut Federal
spending soars 25% -- even before bailout... Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don’t know what they’re doing – remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further”, F. William
Engdahl “The US economy is
in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody’s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s.
hyperinflation. Previous, news worse than
bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The
‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report , forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November , forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook,
the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds
on wall street is bailouts, bailouts, bailouts (not to mention there’s no real
money to pay for same – print/create more worthless Weimar dollars – hyperinflationary
Federal Reserve sets stage for Weimar-style
Hyperinflation – even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan’s immortal words concerning investing
by saying as is particularly relevant now, It’s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it’s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million
jobs lost every month: Report , America Has No Means to Recover from a Depression FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds’ desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 879) There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse
but full moon manifest on lunatic asylum for the criminally insane wall street.
More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits
manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: forget
the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report , forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s.
talking point) de jour for the lunatic (yes, full moon) frauds on wall street
is bailouts, bailouts, bailouts (not to mention there’s no real money to pay
for same – print/create more worthless Weimar dollars – hyperinflationary –
even now despite fake reports and worse to come), and from well respected wall
street fraud madoff, "it's
all just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek’s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan’s immortal words concerning investing by saying as is particularly
relevant now, It’s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally was/is based on
bull s**t alone; namely, now it’s the prospective bailouts/spending programs
with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million
jobs lost every month: Report , America Has No Means to Recover from a Depression FARRELL’S
15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo’S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 879) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 Previous session, modest decline relative to reality so still great opportunity to
sell/take profits since much, much worse to come! All news decisively bad and much worse
than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high,
28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many
other prospective job cuts announced, economic group changes previous forecast
to worse/long recession, Bernard Madoff arrested over alleged $50 billion
fraud Madoff told senior employees of his firm on Wednesday that
"it's all just one big lie" and that it was basically, a giant Ponzi
scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000
jobs... , ...final could be
higher , Shocking but
true claim: Most big banks 'bankrupt'... , New unemployment claims surge unexpectedly , Ron
Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the
automaker bailout debate, Ron Paul took the opportunity on the House floor
yesterday to remind Congress that the real culprit behind the financial crisis
is the Federal Reserve, and that allowing the Fed to continue to print money
without audit will only prolong the pain.
, US budget deficit to reach USD 1 trillion , Jim Rogers calls most big U.S. banks “bankrupt” Jim Rogers, one of the world’s most prominent
international investors, on Thursday called most of the largest U.S. banks
“totally bankrupt,” and said government efforts to fix the sector are
wrongheaded. CORRECTED
- CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge
, German
FM criticises Britain’s ‘crass Keynesian’ policies: report and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report , forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic
(b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall
street is bailouts, bailouts, bailouts (not to mention there’s no real money to
pay for same – print/create more worthless Weimar dollars – hyperinflationary –
even now despite fake reports and worse to come) , suckers bear market ralley to keep the
suckers sucked in so great opportunity to sell/take profits since much, much worse to
come! This suckers bear market rally is based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month:
Report , America Has No Means to Recover from a Depression (Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo’S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 848) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 Previous, modest decline relative to reality so still great time to
sell/take profits since much, much worse to come. Wall Street stung by risk-aversion and realistically
bleak outlooks , Point of no return: Interest on T-bills hits zero , Tightening Budgets Mean a Rough Ride for IT , FIRST TIME:
Treasury Bills Trade at Negative Rates... . Previous, suckers bear market rally based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month:
Report , America Has No Means to Recover from a Depression (Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo’S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 848) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 Previous suckers’ bear market rally on far worse than
expected and particularly significant bad news provides great opportunity to
sell/take profits, especially considering fraudulent wall street’s previous
modus operandi to keep suckers sucked into this market and their commission
dollars flowing, suckers’ rallies into the close, reassuring rallies prior to
weekends as this despite unexpectedly bad news as today, etc., which frauds
perpetrated the yet unprosecuted crimes that have created this current
financial debacle. Record 1.33 homes in foreclosure,15 year high for
unemployment at 6.7% even as many no longer looking with things so depressed
and worse to come in ’09, record level deficits both trade and particularly
budget with money not there being spent with abandon (worthless Weimar dollars
being printed created like mad which is and will continue to be
hyperinflationary regardless of the current fake reports). Motek has
actor/speculator/entertainer/sometimes economist Ben Stein points to loans in
foreclosure hitting new records, paulson misconduct, lack of
oversight/accontability in bailout funds, and the seriousness of the crisis, but
his pointed barbs seem fleeting and is most memorable by his somewhat blind
adherence to policy as indicated by his criticism
of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst
says economy so bad that oil demand down, significant recession in 2009, and
hedge funds liquidating positions putting pressure on oil prices. Finally,
Motek elicits from Peter Shiff that jobs created are being destroyed as fast,
phony jobs, bear market and government making worse by digging deeper hole,
phony (worthless Weimar) dollar rally provides opportunity to get out with
hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS
SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH
WORSE TO COME. 3 Tell Tale Signs Of This Sucker Rally , Half-million jobs vanish as economy deteriorates (AP) , Job losses worst since 1974 Employers cut 533K jobs in Nov., most in 34 years , Late mortgage payments and foreclosures hit record , 1 in 10 homeowners
behind on mortgage payments, or in foreclosure... , Wall St financiers party like
there's no tomorrow -- literally
WHERE ARE
THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana
(commissioning a huge decline then a huge incline) at just a program loop,
button push, mouse click away. Previous session, modest declines
relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR
MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO
COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now
preparing current prognostications for 2009 which will bear the consequential
follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating
there’s nothing they’ve done or prospectively can do to avoid the complete
economic/financial collapse in the u.s., the seeds for which have already been
sown, good money after bad notwithstanding, the die having been cast. All
business/financial/economic news decisively bad; 26 year high for jobless
rolls, orders to factories down sharply, job cuts current and prospective up
sharply. Motek expert comments on auto bailout saying no new concesions
with UAW cuts merely cosmetic, just down payment on failed business
model/scenario, bankruptcy necessary as costs too high, and on economy says
nation to go deeper into recession owing to intactable structural problems;
i.e., deficits, etc.. Another Motek expert says very negative economic
environment, sees deepening of more prolonged recession, discusses risk
tolerance in such an environment recommending highest quality debt instruments
but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and
re-default rates on mortgages rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks , Long
Term Investors Should Avoid Leveraged ETFs , Fixing
the Enron Economy , US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? , Prepare For
Depression Level Unemployment , Record
number of Americans using food stamps: report , Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out
Of Our Pockets , Corporate
Debt Protection Costs Climb Amid Depression Concern , Shoppers ready to
call it quits MarketWatch | More
than one-third of consumers chose not to shop at all last month, except on
Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit
claims Citigroup was running a “quasi-Ponzi scheme” Bloomberg |
Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a
lawsuit of repackaging unmarketable collateralized debt obligations it held and
re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’
bear market rally into the close on bad news with wall street frauds’ nirvana
(commissioning a huge decline then a huge incline) at just a program loop,
button push, mouse click away. Indeed, all news still
realistically and decisively (and some deceptively otherwise spun to keep
suckers suckered) bad: A
Bleak Outlook: Nov. Job Loss at
250,000, Economic Weakness , US, China
currency clash over worthless american currency... , 61%
oppose auto bailout , Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)
, Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear
market rallies on bad news are at best wishful thinking and not sustainable
along with realistically dire outlook. Motek expert
says market for speculators/traders and points to volatility index while
failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than
now (now we see insurmountable trade/budget deficits, lack of manufacturing
base, global antipathy, etc.) disavows such heavily promoted failed strategies
as dollar-cost averaging where stocks prices remain artificially (now
fraudulently) high for far longer periods of time than lower prices (MBA
Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie.,
dollar-cost averaging in declining markets, but only when analysis indicates
under-valuation in prospective terms which is certainly isn’t the case now of
rampant over-valuation/fraud]. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo’S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 848) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of
Bailout Funds... Previous suckers’ bear market rally in the last
minutes of the close on bad news with wall street frauds’ nirvana (commissioning a
huge decline then a huge incline) at just a program loop, button push, mouse
click away. Indeed, all news still realistically and
decisively (and some deceptively otherwise spun to keep suckers suckered) bad:
GE lowers guidance but maintains dividend ,
November US auto sales drop to 26-year low , Data signal deep
global downturn Financial Times , US manufacturing
hits 26-year low: ISM . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved; hence,
virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 848) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of
Bailout Funds... , Governors to Seek Up to $100B
in Social Aid... ,
Feds to expand rescue;
reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs
'exit strategy'... , Metal prices fall further
than during Great Depression... , they’re printing and spending worthless Weimar dollars and
taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous
session sees modest drop relative to reality [SO SELL
INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality
that the prior 5 day rally of 1,300 points into the last trading week of the
month (much like the end of the prior month) based on bull s**t alone was a
typical fraudulent wall street programmed trade fraud to window dress the
monthly numbers and keep suckers sucked in (and besides, they’ll get their
commissions again on the way down). Upon the formal announcement that we’ve
been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL
Weekend Update to say, “REALLY!” [this site has reported/predicted this (these)
debacle (s) for far longer and in advance of same, including this
recession/depression]. The protracted reluctance (election year expedience) for
some to use the R(ecession) word, spun in the most positive way is to say it is
because this scenario is far worse than even would befit the D(epression) word
in light of the fact that the u.s. like never before in its relatively short
history is broke in every way. If you’ve been suckered, it’s not all your fault
inasmuch as the enablers (politicians, economists, financial experts,
news/media, etc., in receipt of substantial largesse from and) of these
vegetable garden (poison ivy league schools, these “elite” clubs/frats, etc.)
products (vegetables who not only have never done
anything requiring skills or measurable results, but merely are master bull
s**t artists and as in the case of wall street, criminal frauds) are similarly
incompetent, corrupt/venal. After all, how are these frauds not being
prosecuted and forced disgorgement and preposterously getting taxpayer dollars?
The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
and hence, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc.. Motek’s expert cites retail liquidation prices (none to minimal profits,
at best), inevitable GM bankruptcy, fed programs done with money out the door
to little or no effect and now talking new programs…riiiiight…or, with rate at
1%, more rate cuts…riiiiight, big shake-out to come, credit-card co’s to pull
back $2 trillion to survive what’s coming, retailers with big real estate
exposure bust, and market will test lows then break through said lows to the
downside. There was in addition to the ‘recession’ announcement more dismal
news with construction down 1.2% and the supply/management manufacturing index
at 26 year lows. I derive no pleasure in being a harbinger of bad but true news
but reiterate SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT
OPPORTUNITIES TO SELL/TAKE
PROFITS SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 816) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 Dow plunges
on news recession began in Dec. 2007 (AP) , Down we go again:
Fourth-worst drop ever for Dow , Recession
declared; Wall Street tanks
, Fourth-worst drop ever for Dow AP… as wall street snapped out
of its daydream of a rally and once again faced the harsh reality… Report Concludes Recession Began A
Year Ago | But the White House and the corporate media consistently
continued to state otherwise. Previous session, this suckers’ bear market
ralley remains an especially great opportunity to sell/take profits while you still can since much, much worse to come
(sell into purported strength which is just more bull s**t for prospective
churn and earn fraud – they’ll get those commissions again on the way down) IMF economist says
worst of crisis to come: paper
'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees
Much More Pain Ahead and this suckers’ bear market rally was based upon nothing
related factually to finance/economics/business. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,
SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE
YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. Indeed, all news still realistically and
decisively (and some deceptively otherwise spun to keep suckers suckered)
bad: SO SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE
MUCH, MUCH WORSE TO COME. IMF economist says
worst of crisis to come: paper . Indeed, all news
still realistically and decisively (and some deceptively otherwise spun to keep
suckers suckered) bad: Biggest runnup
in stock prices since 1932 and most know what happened to stock prices for over
a decade thereafter (and america was not broke in every way as now), Ghost
malls cropping up with retail closures/bankruptcies, as predicted by
trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend
forecaster, renowned for being accurate in the past, says that America will
cease to be a developed nation within 4 years, crisis will be “worse than the
great depression.”] , Motek expert from the land of fruits and nuts, the
senile wedbush (if you had listened to his prior
prognostications/recommendations several months ago said suckers might be wiped
out by this day) lauds the bailouts (money u.s. doesn’t really have and
taxpayer money the frauds shouldn’t get) and the b.s. talking points thereby
but says workout much longer, while retail expert points to liquidation prices
(but fails to even mention lack of profits thereby), and poverty now spreading
to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or
2010, Says Secret Citibank Memo An internal
memo from a top Citibank analyst reveals what the banks really think about the
global financial situation, and the outlook is grim. Citigroup Should Be Held
Accountable Bloomberg Food Prices Will Rise, Causing
Export Bans, Riots Bloomberg Rubin Clones and Other Fakers:
The Obama “Dream Team” Citigroup says gold could rise
above $2,000 next year as world unravels US debt triggered global crisis
‘Encouraged by a wicked wizard,
Greenspan, Bernanke toils at his Weimar dollar printing press’ . Consumer spending down (-1%), consumer
sentiment down, durable goods orders down (-6%), home sales/prices down to new
lows and high supplies, yet suckers’ bear market market rally of 400+ points
into the close nostalgically based (which got investors burned in the past) on
bull s**t alone (i.e., more bureaucrats on more painels as per President-elect,
etc.) and the so-called thanksgiving holiday rally. $600 billion plan to
support housing lending ultimately hyperinflationary. New unemployment claims
at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower
than private economist estimates. October durable goods orders plunged by a
larger-than-expected amount, Chicago manufacturing in November contracted the
most since 1982 according to a regional survey, and consumer confidence dropped
to a 28 year low in November, according to the University of Michigan. One
Motek expert in a nearly senile market moment cites pleasant market surprise
(reality dictates otherwise) but in a lucid moment concedes lengthy period to
work out (substantial) problems, while another expert (currencies) cautions the
unintended consequences of
creating/printing/flooding the markets with worthless (Weimar) dollars
(a policy choice of inflation over fear of deflation) and the dollar
devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe?
(at Seeking Alpha) , Consumers cut spending , Stocks on win streak amid more bad economic
news , Cisco plans 4-day shutdown to cut costs , October home sales fall sharply (Reuters)
. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved and hence, virtually all
problems remain, will continue to remain, and there is but an infinitesimally
small fraction of the capital and resources necessary to solve them thanks to
fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME. Federal deficit could hit $1 trillion this year , FDIC's list of 'problem' banks swells to 171 (AP)
, Dollar falls on realistically discouraging u.s.
economic data (AP) , Third quarter real GDP was revised to a 0.5% annual rate of
decline from a previously reported 0.3% rate which had rallied stocks and, only
in the fraudulent world of wall street, rallied stocks again though worse than
expected Economy shrinks at fastest pace in seven years, Third quarter
personal consumption expenditures were revised to a worse than expected -3.7%
from -3.1%, which rallied stocks ….. riiiiight! , Consumer
confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index
of 20 US cities fell 17.4% year over year — most on record. 'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees
More Pain Ahead Crisis Only Just Beginning': Right About the
Crash, Peter Schiff Sees Much More Pain Ahead VIDEO
Previously, from the outset the
wall street frauds were again determined to keep the suckers suckered with a
near 500 point rally into the close. Existing home sales down 3.1% and much
worse than expected. Motek’s expert Peter
Shiff correctly points out that the so-called policy-makers, economists,
etc., don’t know what they’re doing, that they can’t borrow (or print worthless
Weimar dollars) and spend (money they don’t have) their way out of this
debacle, that the bailout funds are merely providing undue bonuses/compensation
for failed (and fraudulent) performance, that crisis will be exascerbated with
(unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless
Weimar dollar) and ultimately even deeper/worse/more protracted economic
decline, that auto industry is over-paid (especially relative to competition,
legacy/pension costs, etc.), and importantly, the government has no money so
they either have to borrow or print same which will make the economy much
worse. Cost of Bankster Bait and Switch Now $7.4 Trillion Another expert says quick bankruptcies would have been the preferred
course for optimal results, while another emphasizes quite correctly that the so-called experts/team now
cheered (wall street frauds’ b.s. talking/rallying point) are those whose
experience is having created the very problems they are now called upon to
solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that
a clean sweep was warranted]. Realize that the products of the vegetable
gardens (the poison ivy league schools producing these vegetables) are
vegetables who not only have never done anything requiring skills or measurable
results, but merely are master bull s**t artists and in the case of wall
street, criminal frauds enabled thereby. Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup
Bank “Nationalization” ] over the weekend. Obama’s Economic Foxes To Guard Financial Henhouse Today
President elect Obama officially introduces his economic team to the world.
What many may fail to recognize however is the fact that those tasked with
rescuing the economy are the very people who helped create the financial crisis
in the first instance.
CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend
forecaster, renowned for being accurate in the past, says that America will
cease to be a developed nation within 4 years, crisis will be “worse than the
great depression.” Budget deficit
hits record; jobless claims surge Foreclosure rates
up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and
there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., SO SELL
INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN
OPPORTUNITY TO SELL/TAKE
PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says
worst of crisis to come: paper . Previous, suckers’
bear market rally was based upon nothing whatsoever relevant to
finance/economics/business , yet again the wall street frauds were determined
to keep the suckers suckered through the weekend with a near 600 point rally
into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking
for a reason to rally, they found none because there are none HU: World economic situation
'grim'... , based on valuation and prospective
substantial deterioration in economic conditions exascerbated by their massive
fraud; but the invented reason for the suckers’ rally was the appointment of
Geithner, a quintessential bureaucrat ultimately dependant upon other
bureaucrats who are dependant upon the very corrupt monied interests/frauds
(and their lobbyists) who created (through their crimes) the current financial
crisis. Moreover, as head of the N.Y. Fed he is no stranger to
cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the
N.Y. Fed $4 trillion plus is missing through U.S.
federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin :
U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the S&P
500 (versus today's frothy 852) There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so great
opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than
expected .8%, new claims for unemployment a high more than expected 542,000 while
continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse
than expected –39. Jobless Claims Hit 16-Year High, Above Forecast Congress extends jobless benefits; stocks fall 400 World stocks down amid reality of deep recession
(AP) CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend
forecaster, renowned for being accurate in the past, says that America will
cease to be a developed nation within 4 years, crisis will be “worse than the
great depression.” Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous session, modest losses relative to reality to keep the suckers’
suckered especially in light of grim economic/business/financial news so still
great opportunity to sell/take profits while you can since much, much worse
to come. Housing starts down a record 38%, building permits down 14.5%, and outlook
grim. Motek’s expert discusses 30
reasons for Great Depression 2 by 2011 citing completion of first wave of the
meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going
climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos,
etc., saying they just don’t get it, while another expert analyst says new lows
across the board having broken through support levels. Motek’s p.r. expert says auto execs flying to d.c. in private jets to beg
for taxpayer money bespeaks their stupidity, and his travel expert discusses
the newly value-conscious consumer. Fed
sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s.
suckers’ bear market rallies based upon nothing at all but reality says with
only a point to zero and much worse to come is just plain b**l s**t . Deflation:
Here, Now I’ve been warning of deflation for some
time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by
hyperinflation. Well, deflation is here.“Slush fund” … “Banana Republic” … “Keystone Kops.” Technical Economic Indicators Worsening Again Deflation: Here, Now I’ve been warning
of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of
deflation, followed by hyperinflation Previous suckers’ bear market
rally into the close with 300+ point swing to the upside [wall street frauds’
nirvana commissioning a huge decline then a huge incline just a program loop,
button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so great
opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to
record low Economy so bad commodity prices plunge along
with PPI. Grantham (who called the bubble) posits…
585 on the S&P 500 (versus today's frothy 859) There is more
hurt in store for the U.S. equity markets. If you are still thinking of riding
this one out, consider Japan. Japan's Nikkei 225 is our window into the future.
From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar
correction in the U.S. would translate into Dow 2,500. , Forecasters:
U.S. in at least, unrealistically optimistically, minimum 14 month recession The Great Depression of the 21st Century: Collapse of the
Real Economy “The Dollar Standard Is Coming To
An End” Financial Crisis Tab Already
In The Trillions...
Busted
in Washington Housing starts expected to hit
half-century low Washington
is Powerless to Stop the Coming Economic Depression Whitehead
sees slump worse than Depression Dollar’s Days Numbered, Buy Commodities: Jim Rogers
America’s economic crisis is beyond the reach of
traditional solutions U.S.
Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), (Soros says deep recession inevitable, depression likely ),
CELENTE CORRECTLY PREDICTS REVOLUTION,
FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend
forecaster, renowned for being accurate in the past, says that America will
cease to be a developed nation within 4 years, crisis will be “worse than the
great depression.” Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. 53,000 layoffs from
Citigroup, and many more announced and may more to come from a multitude of
companies to yield predicted 8-10% unemployment (conservative-some higher).
Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies,
manure, etc.), while his expert joins the metaphysical fray quoting ‘to save
man from his folly is to people the world with fools’ and goes on to say
everything looking bad, things are not good, how long the deep recession-don’t
know, not there yet; while another expert says things have gone from bad to
worse. Indeed, one expert
says US
To Lose Its ‘AAA’ Rating/face default/bankruptcy, while Motek’s expert says market poised to test
new lows, points to uncertainty regarding bailout equivocation/changes and
talks up, in a somewhat borderline senile fashion, some beaten down stocks on
theory government will bail them out…riiiiight! Another Motek expert,
actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself
before congress and should be prosecuted, points to incompetence regarding
bailout saying couldn’t have been handled worse and not mentally up to it. One
Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly
Described/Illustrated in this Comment, [how are these frauds not being
prosecuted and forced disgorgement and preposterously getting taxpayer dollars?
The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin :
U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the S&P
500 (versus today's frothy 852) There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would
translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 The immortal words of J.P.Morgan remain
apposite as ’ it is not so much the return on the money as it is the return of
the money’ , so sell/take
profits while you can and preserve
capital. Previously modest losses relative to reality with rally/programmed trades
to the upside into the close to finish off substantially lower lows to keep the
suckers’ suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse
to come. America is now a nation of bank
holding companies (to take advantage of involuntary taxpayer bailouts), paper
hanging wall street frauds (it’s the worthless multiplicity of securitized and
heavily commissioned worthless paper that is the problem), and brazened ponzi’s
(sic) (more, more, and more funds to keep their commission ball rolling) on
wall street; and of course, their marks. Banking crisis
claims more u.s. victims How are these frauds
not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous suckers’ bear
market rally/programmed trades to the upside into the close to keep the
suckers’ suckered so still great opportunity to sell/take profits while you can since much, much
worse to come, as stocks finish only modestly lower relative to
reality on grim economic/business news across the board, viz., b.s.
talking point gives way to reality that China stimulus plan lessens
availability of funds for the purchase of worthless u.s./dollar denominated securities/assets
and may even require sale/redemption of same, GM shares hit 62 year low at
$3.36 as analyst says said shares will go to - 0- (nil, with Ford’s shares at
$1.93), Motek expert points to employment contraction for 15 months in a row
and Conference Board Report regarding said job losses; while another emphasizes
the futility of the bailouts which are get worse/larger in reference to what he
terms slush funds, the bank tax windfall initiated in the dark of night, things
will get progressively worse in the upcoming administration, u.s. spending far
beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s.
ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S.
will soon face second “Great Depression” , bankruptcies, defaults,
foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers’
bear market
rallies/strength/take profits while you can as much, much worse to come. Much worse
than expected jobs (240,000 lost, unemployment to 6.5%) and auto news
(operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd
quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business
hour even his oftimes wall street shill expert admitted to his credit that
their was absolutely nothing to account for the rise in stock prices this day
especially in light of the substantially bad and worse than expected news, says
GM has enough cash to last to spring while Ford till summer, and says
volatility for rest of the year. Economist says worse to come as very severe
recession at least through 2009 and into 2010, and also there’s allusion to yet
another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall
street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation
losses continue GM, Ford losses worse than expected, burning cash Jobless ranks hit 10 million, most in 25 years Ford announces $129M 3Q loss, burns $7.7B in cash Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to
reality [Grantham
(who called the bubble) posits… 585 on the S&P 500 (versus today's frothy
904) There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year
high and worse to come, abysmal retail sales worst in 3 decades, unit labor
costs rose at a higher than expected 3.6% annual rate as the ultimately
hyperinflationary effects of printing/creating like mad those worthless Weimar
dollars, and weak business prospects, virtually all
problems remain and there is but an infinitesimally small fraction of the capital
and resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much
worse to come. Previous session sees modest drop relative to reality though
record post-election plunge so still great opportunity to sell/take profits while you can since much,
much worse to come. All news so bad (reality even worse) that even
shill co. ADP can’t hide at least 157,000 lost private sector jobs where deep
cuts are necessary, Challenger et als say layoffs will abound with cuts broad
and deep, Motek expert says dismal market for at least next several weeks but
cautious citing some oil, engineering, utilities, healthcare opportunities with
caveat along with some emerging markets, service sector much weaker than
expected and planned layoffs highest in three decades. Treasury wants to borrow
record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record
level to Sell $55
Billion in Long-Term Debt Next Week Previous session, all news decisively
bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3%
in August, much worse than the 0.8% decline that was expected, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous, ( Worst is yet to come for
economy ) as economic/financial news so bad [ ISM index
shows biggest downturn in economic activity since 1982, corrupt,
scandal-scarred commerce department comes in with 40% better than expected
false construction numbers though still down a hefty .3%, 90% of private
economists say we’re in a recession and we’ll see much more lagging effect to
the downside, realization that bad economic conditions going forward not frozen
credit affecting lending despite their lies/fraud to buttress their fleecing of
the treasury, Motek expert says another washout coming and we’ve not heard the
last of those, ie., banks, companies, brokerages, etc., under the waves] , that
lunatic frauds on wall street develop new b.s. talking point to keep suckers
sucked in to this market so the wall street frauds can keep eating away at
suckers’ money by commissioning same, the new talking point being ‘the
election’. What total b**l s**t! They’re just a bunch of criminally insane
vegetables who can’t do anything that they’re supposed to do well, ie,
economics, finance, accounting, etc., and are hoping to escape accountability
for their crimes. They must be
prosecuted and disgorgement required because 1) It’s the law
and to create a deterrent prospectively 2) Restore credibility and confidence
in prosecutorial, regulatory, government/governmental bodies as opposed to
their being accomplices, and the markets (which are just that; marketplaces,
like fish markets, commodity markets, flea markets, etc., no big deal,
particularly as the frauds operate them)
3) It’s the right thing to do because of the magnitude of the fraud (in
the hundreds of trillions by some educated assessments) in the many trillions
and the fraud on taxpayers (who have been damaged by their fraud and) by
bailouts that are finding their way into compensation/bonus packages for the
perpetrators .
Previous session, suckers’ bear market rally for window dressing for dismal
month and quarter to keep the suckers suckered in this secular bear market. Are
you a sucker? One in five homeowners owe more than homes are worth, more
unemployment to come, many more defaults personal/commercial, many trillions of
previously commissioned worthless paper still carried/not written down, etc..
One of Motek’s experts, to his credit, points to reality in saying retreat to
cash (take profits) in rallies as these (rallies on bad news), record declines
in spending, economy has lots of negatives, insurance companies have lots of
negatives, hedge funds liquidating, and importantly, 60% of trades computerized
so great for generating commissions but bad for real value (as this week) and
very volatile; while another expert echoes bear case as spending down across
the board; while another empahasizes bad month on top of bad month for
autos; while another says 2008 behind
only 1929 and 1987 for bad; and another says no more room for rate cuts, more
regulation, mortgage rates up; and finally, political and economic uncertainty
cited. In sum, u.s.
stocks over-priced and dollar will drop like a stone (excessive
printing/creating/debt), Stocks: A Bear Case so
sell into rallies/strength/take profits while you can as much, much worse to
come. Don’t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds’ desperation
linked to their substantial crimes and booty which must be disgorged through
prosecution . Despite another big advance on Friday, paper
losses in the U.S. stock market came to $2.5 trillion for the month, according
to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all
stocks traded in the United States. The 17.7 percent decline was the worst
since the 23 percent drop in October 1987 and 1929. Previous day,
suckers’ bear market rally on bad news. U.S.
Economy: GDP Shrinks (even with fake better than expected GDP numbers from
corrupt commerce department) at Fastest Pace Since 2001 The government
falsely reported Thursday that the economy shrank only 0.3 percent in the
July-September period, still a significant slowdown after growth of 2.8 percent
in the prior quarter in the summer, sending the strongest signal yet that a
deep recession has already begun. Consumer spending, which accounts for
two-thirds of the economy, dropped by the largest amount in 28 years in the
third quarter. One expert says multiple levels of things going wrong in u.s.
recession, ie., consumer spending down and declining, housing recession,
fraudulently worthless investments, worthless Weimar dollars that are being
printed/created like mad, etc.. Another expert says fake GDP number in 3rd
quarter does not capture slowdown which will be reflected in 4th quarter with
minimum 2-4% decline. How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic
wall street frauds’ desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, none of the real problems
(trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous session, government (fake) numbers
on durables (130% better than private estimates…I don’t think so!) and
prospectively dollar-crushing 50 basis point rate cut (discounted b.s. talking point many times over by market in prior
sucker session), 2.7% drop in the
dollar, fed heads
said the pace of economic activity has "markedly" slowed as consumer
expenditures declined, while inflation pressures are expected (despite
worthlessness of the Weimar dollar) to (temporarily) moderate due to the (temporary
election year) drop in commodity prices and weaker economic prospects, so still great opportunity to sell into rallies/strength/take
profits while you still can (like now) since much, much worse to come as all
problems remain. Previous session, all news decisively bad
with consumer sentiment far below expected 52% but realistically at 38%,
personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business
Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse
), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be
worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters
, White House projects record deficit for 2009 - CNN.com
, dollar down and dying, record trade deficits, (Lost growth
is cumulative. Thanks to the record trade deficits accumulated over the last 10
years, the U.S. economy is about $1.5 trillion smaller. This comes to
about $10000 per worker. The damage grows larger each month, as the Bush
Administration and Democratic Congress dally and ignore the corrosive
consequences of the trade deficit), war crimes/profiteering and global disdain
for america and all things american and preposterously based on b.s. alone ie.,
dollar negative talking point of interest rate decrease (hyperinflationary as
will be seen post-election), etc., suckers’ bear market
rally on decidedly bad news, none of the real problems including many trillions
of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar
dollars being printed like mad, have even been addressed much less solved
(election-year expedience), lunatic wall
street frauds desperation linked to their substantial crimes and booty which
must be disgorged through prosecution,
so sell into rallies/strength/take profits while you can since much,
much worse to come.
THE DOW JUMPS 900 POINTS. SO WHAT? BY MORGAN HOUSE
October 28, 2008 Only in today's
market can the Dow have one of its biggest gains ever, on a day when consumer
confidence logged its worst readings since it's been followed. After the Dow's
nearly 900-point rally today, on what seemed like nothing but loads of bad
news, you're right to stand back and wonder what in the world to make of this
absurd volatility -- and more importantly, how to invest around it.The short,
easy, and honest answer is that this volatility is spectacularly unreasonable,
and you're foolhardy to try such an approach. Think about it: Only a few weeks
ago, the Dow soared an equally impressive amount -- 936 points -- sending a
wave of euphoria over markets, as if our troubles were behind us. Within days
... poof! The gains were gone. There's little reason to jump for joy over
today's gain, either. Call me a party pooper, but the bad news in the
economy hasn't disappeared, my friends…
Reality from Farrell: Bottom line: You've been scammed: This is total
incompetence, … unethical and criminal. If you put your hard-earned $12,000 under
the mattress for the last decade, it would have been worth more than the
$11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if
you also deduct the fund's 5.75% load (and/or commissions) and inflation of
more than 30% the past decade, you see the stock market's a real loser. In
short, after 10 years of blindly trusting the Wall Street's advice about
stocks, it turns out that investing in the stock market is not a money-making
machine, but a big fat greedy black hole that gobbles up your money. ECONOMICS GURU:
WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC... More from
Grantham: S&P to 585. He called the bubble, how could anyone doubt his
valuation (although even lower is more realistic)? Jeremy Grantham … (some) benefits to the crisis, including
increasing personal savings, an end to the hedge fund era, a reminder that
government officials are not to be trusted, …among others…Grantham posits… 585
on the S&P 500 (versus today's 877). Frank Motek (back from vacation to
save his business hour … none too soon since his program suffered mightily in
his absence) experts say: lack of liquidity, new homes and home prices downward
trend to continue, expect revisions; another says other nations loaned to u.s.
and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION
more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out,
grim outlook; another, a wall street shill points to better than expected new
home sales [from scandal scarred/corrupt commerce department…riiiiight …(Home sales rise according to discredited commerce department
relative to revised downward prior months sales (riiiiiight…that’s the way to
work the statistics…at least the prior months fake stats can still be good for
something) but prices sharply fall)] but to his
credit does say there are a pile of concerns including liquidation of
positions, ‘n carry trades’ (sic), yen/dollar disparity; r.e. analyst says
median price for homes still heading down and another says new home sales this
month not sustainable, foreclosures high even with freeze; oil analyst says oil
demand in China down, impacting price; finally, another analyst says temporary
dollar spike because of unwinding of leveraged trades (in dollars),
commodities/assets/metals decline as investors/traders/holders sell off assets
(cover margin calls, redemptions, etc.), u.s. stocks still over-priced and
dollar will drop like a stone (excessive printing/creating/debt), Stocks: A
Bear Case so sell into
rallies/strength/take profits while you can as much, much worse to come.
Previous session: you know the worst is yet to come when the so-called wizards
of fraudulent wall street laud the day’s 5-9% decline as a pyrrhic victory
(coulda been worse…..riiiiight!) that is neither victory nor the end of the
downward adjustment to reality and the scope of their fraud, indeed one expert
now points to the realization that america
has become the exporter of economic weakness/fraud as hedge funds, etc.,
continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell
into rallies/strength/take profits while you can as much worse to come. Markets Nosedive on Grim Economic News , World markets sink as recession realities spread ,
79th anniversary of 1929 Wall
Street Crash... , previous day suckers’
bear market rally/400 point swing/programmed trades to the upside into the
close on decidedly bad news …I don’t think so!… sell into rallies/strength/take
profits while you can since much, much worse to come Economist Roubini Predicts Hedge Fund Failures, Panic,
Closed Markets , Job losses accelerating, and the worst is ahead , Banks borrow record amount
from Fed... , on
top of previous day’s near 200 point swing to the upside into the close to keep
the suckers suckered as ‘experts’ say: earnings 11% below expectations,
business bad and getting worse, recession, substantial job cuts, big problems
in Europe including writedowns of u.s. originated worthless fraudulent paper /
another says realization source of the now global problems is u.s., fed
throwing money at problems (wall street frauds) but not making it to the
economy, not enough money to cover the negative (fraud) and need for flush out
and adjustment of inflatede/bubble/illusory values, and another says reality
implies 25% decline which is worst since 1937, sell into rallies/strength/take
profits while you can since much, much worse to come Recession
Will Last At Least Two Years: Roubini , Recession Now: It's Deep and It's Going to Last a Long Time,
Sonders Says ;
previous day modest losses relative to reality as only 15% of americans believe
the nation is going in the right direction (what dummies!) which is slightly
more than congress’ approval rate and just slightly less than bushes’ approval
rate, More banks may fail, IMF warns , Weak profit picture and weak/declining economy
worries and fear of being held criminally accountable for their fraud hurt Wall
Street , sell into
rallies/strength/take profits while you can since much, much worse to come ,
previous day’s suckers’ bear market rally on bad or false news as ie., leading
economic indicators up though all economists expected down since major
components thereof (stock prices, manufacturing/industrial indices, employment,
etc.) all down, economy so bad they’re going to print more worthless
hyperinflationary Weimar dollars (that they don’t really have), gave another
$12 billion to AIG on top of the other billions of taxpayer funds, yet none of
the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience) so
sell into rallies/strength/take profits while you can as much worse to come , The
Crumbling U.S. Economy, Worse is Yet to Come , Worst slump since
Great Depression , Rapid Downward Revisions in
Expected Economic Growth , and all this b.s. despite reality on top of
previous session suckers’ 500 point swing/programmed trades to the upside into
the close to close modestly lower on much worse than expected news on top of
previous suckers’ bear market rally/800 point swing/programmed trades to the
upside into the close on decidedly bad news …I don’t think so!
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.
Searching for Mr.
Goodlow [ While you certainly want to buy low (and
sell high), in light of the crushing debt, deficits both budgetary/trade,
global antipathy because of war crimes/profiteering, transfer of manufacturing
base, and greedy frauds on wall street, corruption at all levels, etc., this
time is like no other for america in the most negative sense, particularly
since the average multiples for S&P for the past 5 years were based upon a
huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of
J.P.Morgan remains apposite as ’ it is not so much the return on the money as
it is the return of the money’. ]
Building starts/permits and new home sales
down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment
highest ever recorded so great opportunity to sell/take profits while you still
can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 , Roubini: Dow 7,000 Likely 'Sometime Next Year' , Dow Jones Bloodbath Mirroring 1929 Rout Bottom should be
around 27 per cent below “bailout bounce” according to analyst , since none of
the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience) so
sell into rallies/strength/take profits while you can as much worse to come,
(they’re so desperate for b.s./fraudulent talking points/sizzle to sell that
the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both
companies, spin lower prices as positive when reality is that economic
conditions/prospects so bad that demand has precipitously fallen, Philly fed
Index down sharply indicating contraction, Real Estate/Builders’ Index
lowest/Worst reading since inception, lunatic
wall street frauds desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, volatility index at new
record, previous session reality trumps the new fraud as markets can’t hide
from the plethora of bad economic news albeit sugar-coated for election year
purposes as retail sales down 1.2% for month and as well, year-over-year and in
all regions, beige book says economic activity down in all regions Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you’re screwed, one expert
described the bailout as money down a black hole Total Bailout Cost Heads Towards $5 TRILLION , shreve of investors’ (shouldn’t that be
traders’) business daily said became negative on market in August and all cash
in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY
NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL
TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND
FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES
CONFIRMED, implying that somewhere in between he was positive ] but to his
credit states we’re in a recession…some quarters of negative growth/contraction
ahead…takes considerable time for fed steps/missteps to take effect…and 7-8%
unemployment, while fed governor janet yellen says we’re in a recession…daaah!,
while another cites consensus that the financial crisis won’t be over anytime
soon US confronts reality of long, deep
recession/depression
,
The global
economy is going through a "profound shift" as it deals with the
unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com
calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge
funds were all made bigger because of the unfettered use of leverage. The
unwinding process is going to result in a "prolonged period of
socioeconomic malaise," he says, predicting unemployment will rise will
into double-digits before the cycle turns.
The
most recent batch of economic data certain support a grim outlook:
·
Industrial production plunged 2.8% in September,
the biggest drop since September 1974.
·
The Philadelphia Fed's manufacturing index slumped to
its lowest level since October 1990.
·
The National Association of Home Builders'
housing market index hit a record low.
·
The Fed's October Beige Book showed across-the-board
weakening of activity in all 12 reporting districts.
·
September retail sales fell 1.2%, the biggest drop since
Aug. 2005.
previous session saw modest losses relative to reality
with near 300 point upswing into the close on bad news (to keep the suckers in
… were you a sucker?…the frauds on wall street are counting on it as today’s
session proves) including record budget deficit at $454 billion and much worse
next year, they’re treating symptoms not the problems so good money after bad,
substantial unwinding of derivatives and market manipulation by programmed
stock purchases, u.s. gov’t selling treasuries to finance debacle pushing
interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains ….. How is this
happening? Paulson Doles Out $125 Billion to Wall Street Elite What a total
fraud/scam! A
Trillion Dollar Bait and Switch: The Bailout and the Smell Test This is a secular bear market – check out
the cycles. Roubini
Sees Worst Recession in 40 Years, Rally’s End , previously Motek’s expert Art Hogan says
crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical
wall street shill and loses all credibility thereby, while another non-Motek
expert says will retest lows which is euphemistically correct while pointing to
comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 , b.s. talking
points and all based upon other nations, Europe and Asia like lemmings again
following america into the abyss (Iraq, etc.) since none of the real problems
including many trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you’re screwed, as this and
previous session’s programmed buy trades to keep the suckers sucked in and
commission dollars flowing (the shameless wall street frauds made hundreds of
millions last week and today on high then moderate volume as government/banks
closed for holiday), thousand point swings to the upside- I don’t think so, as
yet again those needful things on wall street get even MORE, MORE, MORE, MORE,
MORE for the poor (not really, in light of the mega billions in fraudulently
derived commissions, bonuses, compensation, which should and must be disgorged
through prosecution) frauds on wall street, retail down, unemployment at
recession levels, modest losses relative to reality so sell into strength/take
profits, get your money out while you can and don’t forget that the worthless
hyperinflationary Weimar dollars they’re printing like mad will, like the
current fraud unraveling, come home to roost
[Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and
lack of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek’s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at –40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil
up, Motek’s expert Bogel of Vanguard fame points to speculative measure for
wall street in 1929 as 280 which is even below and not as bad as the current
measure of 320 in year 2008 indicative of the ridiculousness of the wall street
debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History ,on top of previous sessions needful things
on wall street saying MORE, taxpayer money to bail them out for their
consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’
cooperation/contribution for their past, present and future frauds, etc., to
keep their ponzi-like scheme of worthless paper moving; how about prosecution,
prison, fines, and disgorgement for
these mega billion dollar frauds, as 500 point swing to the upside into the
close (get your money out while you can-sell into strength/rallies/take
profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON’T! There are trillions (some say in the
hundreds of trillions) of the fraudulent worthless paper out there] and points to
negative economic fundamentals and says reduce exposure to equities in favor of
ie., money market treasuries, previous day buy on rumor, sell on news (of fraud
bailout) obtains, fundamentals horrendous as economy loses more than expected
159,000 jobs, Motek’s economist/expert/trader says serious economic issues
remain and cites ’73 to ’74 when market fell 45% top to bottom while securities
expert says now focus is on fundamentals and not a pretty picture and cautions
about dilution, get your money out while you can-sell into strength/rallies/take
profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal
agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill
Mark the End of America as We Know It? can’t change
reality as unemployment numbers highest in 7 years, factory orders decline to
lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously
negative news including sales drops of 16% at GM and 35% at Ford so sell into
these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook
even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce
department which reported unexpected rise in consumer sentiment
(riiiiight…things are so hunky-dory), all news decidedly negative with home
prices falling an unexpected record 16.3
%, etc. Bailout marks
Karl Marx’s comeback This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing “cover/collateral” for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud. All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most
support the taxpayer bailout of the wall street frauds so count on tax revolts
as predicted by experts if the same passes , Sell into any rallies/take profits
as all problems remain and will be exacerbated by the fact that the vast majority
of taxpayers rationally and correctly opposed the bailout of the wall street
criminals who benefited from the fraud. Reaction has been fast and furious
9-28-08[2:38 am]; take a look at some initial comments. Sell into any
strength/take profits because with bank failures and raids on taxpayer funds
and reckless printing like mad of worthless Weimar dollars and fake
data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home
inventories up, jobless claims up and durable goods orders down far more than
expected, home prices drop by record 9.5%, existing home sales down 2.2% as
they continue to foist the wall street criminal/fraud bailout on taxpayers
which Bloomberg now pegs at a cost of $5
trillion while other economists/experts say hundreds of trillions [which
means $700 billion down the tubes into the pockets of the wall street criminals
(make them pay) who created the mess through their greed/fraud/scams and who’ve
already reaped huge financial sums in the many billions through
compensation/bonuses (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing “cover/collateral” for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper]; Motek’s financial expert, Financial Times
Business Editor cites thoroughly gloomy economic picture globally and u.s.
particularly, record levels of borrowing from fed, even with passage of bailout
dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor,
sell on the news’ picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they’ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I’ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I’ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo’s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while
you still can. One democrat said that with
3 months remaining in war criminal (remember the lies) bush’s lamentable failed
presidency the grab based on fear that bailout of the criminals who caused the
problem and made huge sums from their heavily commissioned fraud will avoid
what already is can only be deemed another fraudulent wealth transfer akin to
the war crimes in Iraq, which budget-busting conflict is also part of america’s
problem, is preposterous on it’s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson’s largesse to his bro’s on wall street
and bush buddies. Mike Stathis The Market Oracle September
22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full
investigation of this charade leading to several CEOs and other executives in
prison with all of their assets being shuttled into America’s bailout fund
doesn’t have what it takes to lead America anywhere except on its current
course – downward. But it doesn’t really matter at this point anyway.
Washington and the greedy bankers have ensured the end of what was once a great
and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit ,
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but suckers’ bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout – tax revolts as predicted by
trendsresearch.com are a coming – McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob
bosses want a public boondoggle along the line of the Resolution Trust Corp. to
bailout the banksters) and insurmountably increasing the defacto bankrupt
government’s debt in favor of the very
well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge
their ill-gotten gains (bonuses, etc., in the multi-billions) before even
broaching the ill-advised united soviet socialist states of
america plan to have taxpayers pay for the wall street fraud, and then there
was the ridiculous spike from fed’s announced printing/creating more worthless
Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even
coupled with foreign contributions does not even register a blip of difference
in light of the magnitude of the amount of debt, $14 trillion private/$15
trillion public, much of which must be written down/off/non-performing . Don’t
be wall street’s (churn and earn) fool; time for them to pay up; time for you
to sell/take profits/cut losses! Housing construction
plunges 6.2 pct. in August
, Worst is yet to come,
investment strategist warns (at MarketWatch) , more gov’t bailout
taxpayer money with ever more worthless Weimar dollars (fed printing/creating
them like mad) proves the only lunatics (yes, the full moon) are not limited to
those lunatic fraudulent wall street needful things who should be prosecuted
and forced to disgorge their ill-gotten gains, as united soviet socialist
states of america (who built up communist china so who could have expected
less) takes 80% stake in AIG, spreads
widening as piles of worthless debt/securities/collateral unwind so sell into
these suckers’ bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits , Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil
demand own, so cut your losses/take whatever gains/get your money out while you
still can as industrial output down much greater than expected 1.1% (for the
prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears , highest year over year foreclosures on
record, retail down .3% while inventories up, as bad news spurs over 150 point
swing to the upside into the close which shows irrationally fraudulent markets
trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade
deficits among other bad news worse than expected which previously rallied
stocks (riiiiight!) on over 300 point swing to the upside (I don’t think
so) so sell into these ephemeral
rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year
sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie fail, federal takeover, taxpayer bailout (which the
frauds on wall street cheer since they believe their fraudulent gains, many
billions worth, might not be touched - they should be disgorged through
prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they
really don’t have to start with), very ridiculous so sell into ephemeral
rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear
market/short-covering rally into the close on 200 point swing to the upside
(riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%, THE LATEST
FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, Home
foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as
reality bites with all news bad (except for fake news) and worse than expected
with new unemployment claims up more than 15,000 on top of terrible
back-to-school shopping/retail numbers, though still sugar-coated for election
year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken
over by feds, August ISM Index down below 50
indicating contraction, construction spending fell a
larger-than-expected 0.6%, and spending down to lowest
level in 3 years with income declining .7% in contrast to previous day’s
suckers’ bear market rally on light volume so great time to sell/take profits
while you can since all problems remain] Election-year feel good typically
false/embellished at best temporary report on GDP 58% better than private
forecasts along with that bastion of american credibility, the scandal scarred
prevaricating commerce department comes through with fraudulent talking point
for the wall street frauds with durable goods numbers exceeding private
economist estimates by 400% (I don’t think so!), as one of Motek’s experts says
GDP number from government, at best temporary blip from rebate stimulous (those
election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really
have) and multi-national exports on weak dollar, seventh staight monthly
decline in payrolls in this real recession, and continued problems in financial
sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and
fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury
], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we’re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly
spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories,
high inflation as other than the economic debacle it is, Motek’s expert
reiterates reality of this bear market, that stocks will resume slide, good
time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie
bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
]
as loan defaults extend losses in sub-prime, to now prime, commercial, student
loans, credit cards, even as inflation up, and outlook very bleak. Previously,
another bank failure, but they say existing home sales up greater than expected
3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of
fruits and nuts) and inventories of for sale/unsold homes at new record high
since tracking began in 1968 and worse to come, Chicago index of manufacturing
down indicating further economic weakness and Motek’s expert says ‘put’
activity indicates at least 10-15% more downside from here/government bailout
ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading indicators down .7%,
unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity
to sell/take profits since all problems remain and dollar mini-spike
short-lived though some fluctuations to upside on speculation other economies
will tank. Wholesale prices: Highest
annual rate in 27 years . The
Strong Dollar Illusion . Housing starts and building
permits posted steep declines. That hub of global manufacturing buzzing
(riiiiight!) as empire state index as measured by private economists expected
to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so,
and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.),
inflation news double expectations Bracing for
Inflation August 15, 2008 (BusinessWeek Growing evidence
suggests American consumers, businesspeople, and political leaders should all
be bracing for double-digit inflation, probably as early as 2009), real estate
falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at
recession levels, etc.,. Note the rotation into the obscure world of so-called
tech which provides, as in prior such ploys (ie., dot-com bust, more recent
bust, etc.) the world street frauds with the ability to sell the sizzle since
investors and americans generally don’t understand it (ie., iphones are a joke
where the so-called “computer” is merely a restrictor of usual computer
functions now tied into apple products and government shill co att, and anyone
who pays the premium for apple products is a fool), and all news bad albeit
fudged to the upside in this election year.
Fake trade figures, more writedowns/bad debt, still great opportunity to
sell/take profits. Just another frothy day in the rabidly fraudulent lunatic
world of wall street and great opportunity to sell/take profits since all
problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia –
don’t believe american lies/propaganda to the contrary) is frauds friend,
repeat three times to understand fraudulent wall street euphoria over diversion
(Georgia conflict) from their massive fraud which brought much greater than
expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit
upswing so especially great opportunity to sell/take profits as glass-half-full
kind of frauds point to increase in (foreclosure/auction/forced) home sales
(riiiiight!) while they can no longer
hide substantially increased unemployment, etc., economy so bad oil
demand declining which is shill point for next stage of (new) wall street
fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid
for with complicit government, executive/legislative/judicial branches/fed.
Great opportunity to sell/take profits since all problems remain as real
numbers indicate previous decline in GDP though falsely reported as gain,
greater unemployment (watch for fake numbers from government) and much more
downside to come as stocks previously rallied on sharp increase in oil prices
and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING
FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY
LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL
STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and
short-covering. The Dow
Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha AP Business Highlights A private research group
says that Americans remain the most pessimistic about the economy since the
tail end of the last prolonged recession 16 years ago. But economists warn that
the slight uptick, which reverses a six-month slide since January, is likely to
be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending,
so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking
Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity
to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated
assets as all problems remain. El-Erian: Buy more foreign stocksEven
in this century's darkest days of recession and war, U.S. households kept on
spending. But one of the smartest investors on the planet says the American
consumer is finally out of steam. Even if, and it is not, oil were the only
problem, the same is just a disruption away from a spike. Suckers’ bear
market/short-covering rally based on bull s**t alone, this time by wall street
shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall
street frauds should be prosecuted, required to disgorge ill-gotten gains, and
jailed since they’re the ones who benefited and are escaping accountability by
the bailout. Except for multi-nationals and corporate welfare recipients (ie.,
Lockheed, etc.), greater than expected losses in not millions but billions
rallied the stocks. Remember, these are huge financial institutions unlike the
tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense
of taxpayers). Leading indicators revised down (after ‘election year keep the
incumbents’ fake report). What do you expect the wall street frauds/criminals
who should be held accountable and the failed (and illegal- constitution would
have to be amended to enable Fed to print those worthless Weimar dollars with
now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to
say; admit they royally f**ked up, etc.,
better than expected very bad news, ie., Citibank loses only $2.5
billion, hyperinflation, over 200% more
(suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly
eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull
s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying [In just the month
of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost
9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the
Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%;
the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high
point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the
Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of
a bear market — although many analysts say Wall Street already has a bear
market mentality (because the bear market already is. Some chart data/numbers on bear markets: first
chart second
chart).] FAKE GOV’T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS
(PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND
BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION
THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO)
ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS
FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT
TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%,
AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008:
The Great Depression. High Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank
issues global stock and credit crash alert... Write
Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'--
Subprime is a Just a 'Vorspeise' . 5 REASONS WHY
THE FED HAS FAILED. GREENSPAN: NO
REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND
WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO
MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS
TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’
bear market rally into the close, Analysts say
more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you’re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he’s
right; they’re much worse! Remember greenspan’s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they’re dreaming. Similarities
between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes
tumbled for the sixth time in seven months in May while median prices kept
plunging, American Express sees worsening credit conditions, but fake
government report of higher than expected oil inventories (riiiiight!) rallies
stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION
HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY
RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT,
SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL
LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL
IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE
DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS
DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING HOME EQUITY AT LOWEST LEVELS
SINCE WW2, DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT
REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE…
YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS
WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS
ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES
TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH
TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL
BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND
TOUGH ENVIRONMENT FOR REFINERS. DON’T
FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN
GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF
SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. Bank
issues global stock and credit crash alert... Write
Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] ...Yahoo Market Update... ..… AP Business
Highlights … U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom , New reports give bleak
outlook on housing, economy, Foreclosures hit a record high — and more
coming, Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters))
(7-1-09) Dow
8,504.06 +57.06
+0.68% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,845.72 +10.68
+0.58% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 923.33
+4.01 +0.00% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $69.18
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.90 (reg. gas in LAND
OF FRUITS AND NUTS $3.01 REG./ $3.25
MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/
GOLD $941.35 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.74
PLATINUM $1,205 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.55% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY
PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they kidding-bushies/paulsen
went so far as threaten martial law- prosecute now! They continue to allow the
wall street fraud and political theater doesn’t change their complicity) heat
on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-30-09) Dow 8,447.00 -82.38
-0.97% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,835.04 -9.02
-0.49% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 919.32
-7.91 -0.85% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $69.89
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.90 (reg. gas in LAND
OF FRUITS AND NUTS $3.01 REG./ $3.25
MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/
GOLD $927.40 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.60
PLATINUM $1,185 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.53% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SECULAR BEAR MARKET SUCKERS’ RALLY TO END WELL OFF SESSION
LOWS TYPICAL END OF QUARTER
FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED Job losses / job concerns realistically weigh on
confidence, real estate values/prices continue downward trend as per Case /
Shiller Index (-18.1%, -21% in california)
Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency
Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-29-09)
Dow 8,529.38 +90.99 +1.08% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,844.06 +5.84 +0.32% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 927.23 +8.33 +0.91% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.49
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.01 REG./ $3.25
MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/
GOLD $938 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.88
PLATINUM $1,183 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.65% …..… AP Business Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! Worthless
dollar/High oil price stock rally…riiiiight!...Then there’s the madoff
propaganda event Fraudster Madoff gets 150
years, with prosecutors patting
themselves on the back when the reality is that there has been not even one
prosecution in the massive securities fraud which benefited the wall street
frauds greatly and make madoff look like a piker. Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES
/PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING
LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT
MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT
OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting deficits
spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in broad
sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-26-09)
Dow 8,438.39 -34.01
-0.40% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,838.22 +8.68
+0.47% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 918.90
-1.36 -0.15% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $69.16
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.01 REG./ $3.25
MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/
GOLD $941.05 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.13
PLATINUM $1,203 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.54% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SECULAR BEAR MARKET SUCKERS’ RALLY TO END MIXED. HOW MANY TIMES CAN
THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD
WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget deficit
at new highs and trade deficit worse than expected, analyst who called crash
says inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on deficits
as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-25-09) Dow 8,472.40 +172.54 +2.08% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,829.54 +37.20
+2.08% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 920.26
+19.32 +2.14% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $70.23
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.03 REG./ $3.27
MID-GRADE/ $3.62 PREM./ $2.85 DIESEL)/
GOLD $940 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14
PLATINUM $1,374 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.54% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data ABSOLUTELY, ABSURDLY, RIDICULOUS! HOW MANY
TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR
SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake government
reports near 40% better than private estimates - I don’t think so! …now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-24-09) Dow 8,299.86 -23.05
-0.28% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,792.34 +27.42
+1.55% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 900.94
+5.84 +0.65% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $68.65
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.03 REG./ $3.27
MID-GRADE/ $3.62 PREM./ $2.85 DIESEL)/
GOLD $934 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.88
PLATINUM $1,369 / DOLLAR= .70 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.69% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SECULAR
BEAR MARKET SUCKERS RALLY CONTINUES FOR MIXED CLOSE TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-23-09) Dow 8,322.91 -16.10
-0.19% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,764.92 -1.27
-0.07% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 895.10
+2.06 +0.23%
To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $66.93
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.03 REG./ $3.27
MID-GRADE/ $3.62 PREM./ $2.85 DIESEL)/
GOLD $922 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.82
PLATINUM $1,369 / DOLLAR= .71 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.62% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SECULAR
BEAR MARKET SUCKERS RALLY INTACT TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake government
reports near 40% better than private estimates - I don’t think so! …now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy
to shrink by worse than previously predicted 2.9% and big difference between
not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in
large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp Increase
Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries
for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-22-09) Dow 8,339.01 -200.72 -2.35% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,766.19 -61.28 -3.35% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of January
-41% for the year -2%
for the fourth week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P
500 893.04 -28.19 -3.06% To stamp out fraud, no change from suckers’ rally worth reporting
for second, third, fourth weeks of March and April -52 for the first week of
March -11% for the month of February -8.6% (-75) for the
month of January -1% for fourth week of
January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $66.93
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.03 REG./ $3.27
MID-GRADE/ $3.62 PREM./ $2.85 DIESEL)/
GOLD $922 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.72
PLATINUM $1,395 / DOLLAR= .71 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.69% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data STILL ABSOLUTELY, ABSURDLY, RIDICULOUS! ONLY MODEST LOSSES RELATIVE TO REALITY IN
THIS SECULAR BEAR MARKET TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
leading indicators up far more than
expected … bull s**t …based in large part on inflated stock price component …
more bull s**t … new reform with same old frauds
say increased capital requirements and oversight of the overseers/rating
agencies (riiiiight!…same old,same old - already have but no will to enforce
existing laws, etc.), analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture Capital
Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-19-09) Dow 8,539.73 -15.87
-0.19% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,827.47 +19.75
+1.09% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 921.23
+2.86 +0.31% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $69.65
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.03 REG./ $3.27
MID-GRADE/ $3.62 PREM./ $2.85 DIESEL)/
GOLD $935.20 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.20
PLATINUM $1,211.20 / DOLLAR= .71 EURO, 96 YEN, .60 POUND STERLING, ETC. (How
low can you go - LOWER)/ 10 YR NOTE YIELD 3.78% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SECULAR BEAR MARKET
PROGRAMMED SUCKERS RALLY INTO THE CLOSE
AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND
COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down market got ahead of itself, stalled out, still
depression/more job losses, higher oil-gas prices / higher interest rates /
heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t)
the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest
rates / yields, higher commodity prices, higher deficits, hyperinflation,
record continuing unemployment claims at 6.8 million, worthless Weimar dollar
crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic, dollar
falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency
Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-18-09) Dow 8,555.60 +58.42
+0.69% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,807.72 -0.34
-0.02% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 918.37
+7.66 +0.06% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.30
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.02 REG./ $3.22
MID-GRADE/ $3.62 PREM./ $3.27 DIESEL)/
GOLD $935 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.18
PLATINUM $1,207 / DOLLAR= .71 EURO, 96 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.82% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data ABSOLUTELY, ABSURDLY, RIDICULOUS! MORE TALK OF NEW REGULATORY SCHEME WHEN
PROSECUTION AND DISGORGEMENT WOULD REALLY BLUNT INCENTIVE FOR WALL STREET
FRAUDS PROSPECTIVELY, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY ON LEADING INDICATORS UP FAR MORE THAN
EXPECTED … BULL S**T …BASED IN LARGE PART ON INFLATED STOCK PRICE COMPONENT …
MORE BULL S**T … AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP
SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS
( ie., market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest rates
/ heavy debt to pare down is 1-3 year drag on economy, even if believed (I
don’t) the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as realities
dent recovery hopes Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-17-09)
Dow 8,497.18 -7.49
-0.09% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,808.06 +11.88
+0.66% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 910.71
-1.26 -0.14% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.06
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.01 REG./ $3.21
MID-GRADE/ $3.62 PREM./ $2.79 DIESEL)/
GOLD $936 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.32
PLATINUM $1,207 / DOLLAR= .71 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.69% …..… AP Business Highlights …
...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SECULAR BEAR MARKET
PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED IN DEFIANCE OF
REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., rating cuts for
bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says economy
weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores buying
$50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-16-09) Dow 8,504.67 -107.46 -1.25% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,796.18 -20.20
-1.11% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 911.97
-11.75 -1.27% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $70.47
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND
OF FRUITS AND NUTS $3.01 REG./ $3.21
MID-GRADE/ $3.62 PREM./ $2.75 DIESEL)/ GOLD $932 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.13
PLATINUM $1,223 / DOLLAR= .71 EURO, 96 YEN, .61 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.65% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data STILL ABSOLUTELY, ABSURDLY, RIDICULOUS! SECULAR BEAR MARKET AND ONLY MODEST LOSSES
RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING
BASED ON CONTINUED BAD NEWS ( ie., analysts
concur in significant 5-15% pullback/correction for stocks(10-25% more
realistic), institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Roubini: USA sees
double-dip recession... China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-15-09)
Dow 8,612.13 -187.13 -2.13% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,816.38 -42.42
-2.28% To
stamp out fraud, no change from suckers’ rally worth reporting for second, third,
fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 923.72
-22.49 -2.38% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $70.62
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.66 (reg. gas in LAND
OF FRUITS AND NUTS $3.00 REG./ $3.16
MID-GRADE/ $3.22 PREM./ $2.72 DIESEL)/ GOLD $927.51 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.03
PLATINUM $1,213.98/ DOLLAR= .71 EURO, 97 YEN, .61 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.71% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data STILL ABSOLUTELY, ABSURDLY, RIDICULOUS! SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY
INTO THE CLOSE TO FINISH WELL OFF THE LOWS WITH MODEST LOSSES RELATIVE TO
REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., empire
manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard
defaults at record high, analysts concur that fundamentals don’t support stock
rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Venture
Capital Bubble Set to Burst, Kedrosky Says AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-12-09)
Dow 8,799.26 +28.34
+0.32% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,858.80 -3.57
-0.19% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 946.21
+1.32 +0.14% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $72.04
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND
OF FRUITS AND NUTS $2.96 REG./ $3.15
MID-GRADE/ $3.20 PREM./ $2.69 DIESEL)/ GOLD $940.70 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.88
PLATINUM $1,258.70/ DOLLAR= .69 EURO, 97 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.79% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! HOW MANY TIMES CAN THE WALL STREET FRAUDS,
WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND
BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE
FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF
THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE
BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS
COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED),
ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL
MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING,
CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] , 300 - 1,000+ % SWING TO THE UPSIDE INTO THE CLOSE IN THIS SECULAR
BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS SUCKERED AND COMMISSION
DOLLARS FLOWING BASED ON CONTINUED BAD NEWS (
ie., record loss of wealth, higher gas prices, job losses, higher interest
rates / yields, higher commodity prices, higher deficits, hyperinflation,
record continuing unemployment claims at 6.8 million, worthless Weimar dollar
crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new
record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., Analyst
who called crash says inflationary depression, banks passed stress tests only
with the help of fraudulent change in accounting rules, banks still insolvent,
toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil
by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets Venture
Capital Bubble Set to Burst, Kedrosky Says Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-11-09)
Dow 8,770.92 +31.90
+0.37% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,862.37 +9.29 +0.50% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 944.89
+5.74 +0.61% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $72.68
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.69 (reg. gas in LAND
OF FRUITS AND NUTS $2.92 REG./ $3.11
MID-GRADE/ $3.16 PREM./ $2.65 DIESEL)/ GOLD $955 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.38
PLATINUM $1,262/ DOLLAR= .69 EURO, 97 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.86% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY
TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD
NEWS ( ie., record continuing unemployment
claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing unemployment
claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-10-09) Dow 8,739.02 -24.04
-0.27% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,853.08 -7.05
-0.38% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 939.15
-3.28 -0.35% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.33
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.69 (reg. gas in LAND
OF FRUITS AND NUTS $2.92 REG./ $3.11
MID-GRADE/ $3.16 PREM./ $2.65 DIESEL)/ GOLD $954 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.23
PLATINUM $1,258/ DOLLAR= .70 EURO, 97 YEN, .61 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.95% …..… AP Business Highlights …
...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data ABSOLUTELY, ABSURDLY, RIDICULOUS!
MODEST LOSSES WITH SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE
CLOSE TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., budget deficit at new highs and trade
deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-9-09) Dow 8,763.06 -1.43
-0.02% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,860.13 +17.73
+0.96% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 942.43 +3.29 +0.35% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $70.01
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.69 (reg. gas in LAND
OF FRUITS AND NUTS $2.91 REG./ $3.08
MID-GRADE/ $3.14 PREM./ $2.65 DIESEL)/ GOLD $955 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.23
PLATINUM $1,258/ DOLLAR= .70 EURO, 97 YEN, .61 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.86% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY,
ABSURDLY, RIDICULOUS! INFLATIONARY
DEPRESSION IS THE CALL EVEN AS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY
CONTINUES TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., Analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment
hits record but job losses slow if you foolishly believe fake government
reports near 40% better than private estimates - I don’t think so! …now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-8-09)
Dow 8,764
+1.00 +0.00% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,842 -7.00
-0.50% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 938
–1.03 -0.54% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $68.09
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.69 (reg. gas in LAND
OF FRUITS AND NUTS $2.90 REG./ $3.08
MID-GRADE/ $3.14 PREM./ $2.65 DIESEL)/ GOLD $951.70 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.95
PLATINUM $1,244/ DOLLAR= .71 EURO, 98 YEN, .62 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.889% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SECULAR BEAR
MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED
ON CONTINUED BAD NEWS ( ie., Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-5-09) Dow 8,763.13 +12.89
+0.15% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,849.42 -0.60
-0.03% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 940.09
-2.37 -0.25% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $68.44
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.69 (reg. gas in LAND
OF FRUITS AND NUTS $2.82 REG./ $3.01
MID-GRADE/ $3.06 PREM./ $2.62 DIESEL)/ GOLD $962.50 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.39
PLATINUM $1,286/ DOLLAR= .71 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.84% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY,
ABSURDLY, RIDICULOUS! FAKE GOVERNMENT
JOBS REPORT FUELS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS
SUCKERED BASED ON CONTINUED BAD NEWS ( ie.,
Fake government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off
Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports
better than private estimates…riiiiight!
President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-4-09) Dow 8,750.24 +74.96
+0.86% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,850.02 +24.10
+1.32% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 942.46
+10.70 +1.15% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $68.81
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.69 (reg. gas in LAND
OF FRUITS AND NUTS $2.82 REG./ $3.01
MID-GRADE/ $3.06 PREM./ $2.62 DIESEL)/ GOLD $982.30 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.90
PLATINUM $1,293.30/ DOLLAR= .69 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.72% …..… AP Business Highlights …
...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY,
ABSURDLY, RIDICULOUS!
SHORT-COVERING/SUCKERS RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED
BAD NEWS ( ie., US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports
slightly better than private estimates…riiiiight! Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-3-09) Dow 8,675.24 -65.63
-0.75% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,825.92 -10.88
-0.59% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 931.76
-12.98 -1.37% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $66.13
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.66 (reg. gas in LAND
OF FRUITS AND NUTS $2.79 REG./ $2.86
MID-GRADE/ $3.02 PREM./ $2.62 DIESEL)/ GOLD $961 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.37
PLATINUM $1,235/ DOLLAR= .69 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.54% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY,
ABSURDLY, RIDICULOUS! ONLY MODEST
LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY INTO
THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps. down, service sector job
losses/factory orders worse than expected, new record continuing unemployment
claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds
like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-2-09)
Dow 8,740.87 +19.43 +0.22% To stamp out fraud,
no change from suckers’ rally worth reporting for second, third, fourth weeks
of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,836.80 +8.12 +0.44% To stamp out fraud,
no change from suckers’ rally worth reporting for second, third, fourth weeks
of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 944.74 +1.87 +0.113% To stamp out fraud,
no change from suckers’ rally worth reporting for second, third, fourth weeks
of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the
month of January -1% for fourth week of January
-2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $68.55
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.66 (reg. gas in LAND
OF FRUITS AND NUTS $2.79 REG./ $2.83
MID-GRADE/ $2.99 PREM./ $2.62 DIESEL)/ GOLD $983.20 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.96
PLATINUM $1,243/ DOLLAR= .69 EURO, 95 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.62% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SUCKERS’ RALLY
CONTINUES TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative
Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Existing
home foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(6-1-09) Dow
8,721.44 +221.11 +2.6% To stamp out fraud, no
change from suckers’ rally worth reporting for second, third, fourth weeks of
March and April -436 for
the first week of March -12% for the month of February -8.8%
(-775) for the month of January -1% for fourth week of
January -2.5% for third week of January -4%
for second week of January -5%
for first full week of January -34% for the year -1%
for the fourth week of December No change
worth reporting for second and third weeks of December -2.3% for the first week
of December -5.8% for the month of November. -15%
for the month of October Nasdaq 1,828.68 +54.35 +3% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and
April -84 for the first week of March
-7% for the month of February -6.4% (-101) for the
month of January -1% for fourth week of
January -3.3% for third week of January -3%
for second week of January -4%
for first full week of January -41% for the year -2%
for the fourth week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of November. -17%
for October S&P 500 942.87 +23.73 +2%
To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March
and April -52 for
the first week of March -11% for the month of February
-8.6% (-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of January -4% for first full
week of January -39% for the year -2%
for the fourth week of December No change
worth reporting for second and third weeks of December -2.7% for the first week
of December -7.5% for the month of November. -18%
for October [CLOSE- OIL $68.58 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS $2.60 (reg. gas in LAND OF FRUITS AND
NUTS $2.74 REG./ $2.75 MID-GRADE/ $2.95
PREM./ $2.55 DIESEL)/ GOLD $974.60 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $15.59 PLATINUM $1,207/ DOLLAR= .70 EURO, 95
YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.67% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY, ABSURDLY, RIDICULOUS! MORE CAN’T BE SAID, SO PREPOSTEROUS WAS THIS
TYPICALLY FAKE BETTER THAN EXPECTED (RIIIIIGHT!) COMMERCE DEPARTMENT DATA
SUCKERS’ RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie.,
GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New
Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new
record decline in real estate prices,
$80+ oil coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing
unemployment claims, fed downgrades outlook that previously provided b.s. for
suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales
up, prices down , ‘SELL IN MAY AND GO AWAY’, so
SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Most U.S.
retailers likely saw sales fall in May GM files for
bankruptcy, urges quick action GM: A Mighty
Icon Files for Bankruptcy Dow gets
shake-up as GM, Citi kicked out of average GM removed from
S&P 500 index (AP) Stocks Will
Fall 37% and Gold Will Rally % Even in Crisis, Banks Dig In for
Fight Against Rules New York
Times | The nine biggest participants in the derivatives market —
including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America —
created a lobbying organization, the CDS Dealers Consortium, a month after five
of its members accepted federal bailout money. Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem
Unemployment Bloomberg | World Bank President Robert Zoellick warned policy makers that
fiscal-stimulus plans are insufficient to turn around the “real economy”
ANALYST FORECASTS: BULLS AND BEARS By Richard Shaw [there were 3 bull forecasts which are bull
s**t and not included in the following excerpt to preclude fraud and conserve
space; even the neutrals are a stretch]
…..BEAR - May 30: Morgan Stanley equity analyst Jason Todd says sell this
S&P 500 rally. He says Morgan Stanley does not see large upside above
825-850. He said, “In the rush to buy a cyclical recovery, it seems earnings or
valuation no longer matters. We would be comfortable with this view if the
earnings trough was closer, but it is not.”
BEAR - MAY 28: Berkshire Hathaway possible successor
to Warren Buffet, David Sokol, says they see no evidence of the green shoots
that been a stimulus to the stock market. He sees the most significant
headwinds to the electric utility industry in his 30 years, and see continuing
housing industry problems.
BEAR?/BULL? - May 28: PIMCO co-CEO Bill Gross (manager of
world’s largest bond fund) portrays “new normal” including accelerating
inflation toward the latter part of a three- to five-year cycle, and the need
to reexamine accepted notions about investing. He said stocks have not and will
not always outperform bonds, and having 60% to 80% of portfolio assets in
stocks may not always make sense. He believes the dollar will lose its status
as the reserve currency; Brazil, India and China (forget Russia) will offer the
best growth. The U.S. government will be selling trillions in Treasuries; the
US savings rate may rise significantly, and the consumer economy may be
shrinking long term due to the aging of the population.
BULL?/BEAR? - May 28: GMO CEO Jeremy Grantham predicts higher
US savings and lower consumption with many postponed retirements. He sees some
reasonable values within the stock market now and sees the third year of the
presidential cycle (2011) as the most promising. He is not certain that a
robust rally will continune. Like John Bogle, he believes in the principle of
having your age as the percentage of bonds in your portfolio. He expects a
bubble in emerging market stocks to develop.
BEAR - MAY 26: Comstock Partners portfolio managers
Charlie Minter and Marty Weiner, say P/E’s on “as reported earnings” are too
high in consideration of the long-term trend in earnings (now in down phase).
“Over the past 75 years, most market peaks topped at around 20 times reported
earnings, and the troughs occurred at around 10 times earnings. The financial
mania of the late 1990s pushed P/Es to over 40 times reported earnings, and the
following bust never brought P/Es below 18 times reported earnings. … Going
back to 1950, every instance where actual earnings rose above trend-line earnings
was followed by a period where actual earnings went well below trend-line
earnings. Comstock Partners believes that we have entered such a period now,
and that the market is trading at such a high multiple of trend-line earnings
that it will be difficult to make money.”
BEAR - May 19: Gluskin Sheff analyst David Rosenberg
(formerly of Merill Lynch) says this rally is a sucker’s rally based on short
covering. “The FTSE All-World market P/E ratio on forward earnings estimates is
now around 15x, well above pre-Lehman collapse levels and nearly double the
lows for the cycle … this was a rally built largely on short covering, pension
fund rebalancing and the emergence of hope wrapped up in ‘green shoot’ data
points. … On average, the S&P 500 undergoes a correction of more than 20% …
at a minimum, take profits”
NEUTRAL (BEAR?) - May 11: Baring Asset Management portfolio
manager Hayes Miller says “Estimates suggest there isn’t that much further to
run because equities are fairly valued … Earnings growth for 2009 and 2010
can’t support prices too much higher than where we are today.”
BEAR - May 11: HSBC Global Asset Management chief
investment officer Leon Goldfeld, chief investment officer at HSBC Global Asset
Management said it’s “hard to see” enough profit growth to justify higher stock
prices. The firm’s strategy will be to reduce its holdings of equities and move
into bonds and cash, he said.Bloomberg TV on June 1, said HSBC forecasts 900 as
the year-end price for the S&P 500 index.
NEUTRAL - May 11: Bloomberg compilation of analyst
forecasts of 2009 earnings for the S&P 500 is at $57.17 (not stated whether
“as reported” or “operating”). As of June 1, that puts the S&P at about
16.5 times forecasted earnings. Yale economist Robert Schiller said the historic
average is a multiple of about 16.3. [we note that we are not in an average
situation or stage of a market, however].
BEAR - May 11: Bank of America CIO for private wealth
management expects a 10% correction. He said, “We’re going to be in a very
volatile, chop-and-grind type of market. We’ve been shown that there is a small
light at the end of the tunnel, it’s dim but getting brighter, and that’s why
stock prices have come this far this fast. Now, it’s all about ‘show me.’”
BEAR?/ BULL? - May Letter: PIMCO co-CEO Bill Gross wrote: “Do not
be deceived by the euphoric sightings of “green shoots” and the claims for new
bull markets in a multitude of asset classes. Stable and secure income is still
the order of the day. Shaking hands with the new government is still the
prescribed strategy, although it should be done at a senior level of the
balance sheet. If the government indeed becomes your investment partner, you
should keep the big Uncle in clear sight and without back turned. Risk will not
likely be rewarded until the global economy stabilizes and the Obama rules of
order are more clearly defined.”
BEAR - April 17: Barclay’s analyst Barry Knapp
forecasts S&P 500 at 757 by year-end 2009. He said, “The equity market has
priced this recovery and then some. It looks pretty expensive to us.”
(5-29) PROGRAMMED TRADES/SUCKERS’ HIGH
OIL/LOW DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED
ON BAD NEWS ( ie., GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE
(ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! (5-28) Sowell:
Government’s Current Role in Business the ‘Route’ to Fascism Foreclosure
woes mount for those with good credit Fed Finds a Way
to Use Stress Tests to Screw Bank Shareholders One More Time (at Seeking Alpha) Time Warner to spin off
AOL, ending ill-fated deal
[$$] Listen, But Don't Get
Suckered Faber: Inflation to 'Approach
Zimbabwe Level'... U.S. Weighs Single
Agency to Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and
Disgorgement in this Huge Fraud…Why (5-27)
Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B
(AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) Treasury
Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for Chapter 11 US
Government to Take Up 70% Stake in GM FDIC
Fund Running Dry Yahoo Finance | As the FDIC
has had to step in to take over more and more insolvent banks, the fund has
dwindled to dangerously low levels. At the same time, the number of problem
banks continues to grow at a rapid pace.
IRS tax revenue falls along with taxpayers’ income USA
Today | Federal tax revenue plunged $138 billion, or 34%, in April vs.
a year ago — the biggest April drop since 1981. (5-26) fake consumer confidence reading 30+% better
than private estimate sucker-rallies stocks ,
Current Recession Is Tracking
the 1930s Bear Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars ) , (5-22) Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Bill to Audit Fed Wisely Gains
Serious Momentum U.S. to Steer GM Toward
Bankruptcy Gold tops $960 for first time in
two months as dollar weakens South
Afica gold coin demand hits all time high Peter
Schiff called “Extremist” by Time Magazine Geithner
Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold
Poised for Third Weekly Gain as Dollar Slumps Against Euro “The
Odds on the Dollar, Treasury Bonds and the U.S. Government’s AAA Grade All
Heading for the Dumpster are Shortening” (5-21) Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new Treasury aid
(AP) Dollar
hits '09 low on rating fears; stocks dip (Reuters) U.K. to Lose AAA Rating at S&P as Finances Weaken U.S. Stocks Decline on Jobless Claims, greenspan, who
helped create the debacle and should thereby know, Warning Gold May Test $1,200 (5-20) The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The
Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos /confusion /criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week Blue collar males lose more
ground; unemployment rate surges past national average... (5-15)Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the
market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news worse than expected,
ie., weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country. Everyone
is familiar with the old saying, "what goes up must come down."
Certainly the stock market has mounted a serious challenge to this old saying
since bouncing off its lows in March and continues to defy gravity…In the face
of unrelenting bad news, the market has been climbing because the news is
"less bad," Gentle Ben and his Merry Band of Feds see "green
shoots" and the financial press continues an unrelenting mantra of
"recovery lies just ahead." It seems like the markets will never stop
climbing, but they will, because contrary to what you hear on CNBC and read in
the financial press, the laws of gravity have not been repealed and it's still
true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-29-09)
Dow 8,500.33 +96.53
+1.15% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,774.33 +22.54
+1.29% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 919.14
+12.31 +1.36% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $66.31
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.48 (reg. gas in LAND
OF FRUITS AND NUTS $2.68 REG./ $2.75
MID-GRADE/ $2.89 PREM./ $2.55 DIESEL)/ GOLD $979 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.61
PLATINUM $1,196/ DOLLAR= .70 EURO, 95 YEN, .61 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.46% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY, ABSURDLY, RIDICULOUS! PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW
DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD
NEWS ( ie., GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off
Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE
(ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-28-09)
Dow 8,403.80 +103.78 +1.25% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,751.79 +20.71
+1.20% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 906.83
+13.77 +1.54% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $65.08
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.45 (reg. gas in LAND
OF FRUITS AND NUTS $2.66 REG./ $2.75
MID-GRADE/ $2.89 PREM./ $2.55 DIESEL)/ GOLD $962 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.16
PLATINUM $1,149/ DOLLAR= .71 EURO, 95 YEN, .62 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.62% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY, ABSURDLY, RIDICULOUS! SUCKERS’ RALLY INTO THE CLOSE TO KEEP
SUCKERS SUCKERED BASED ON BAD NEWS ( ie., Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new
record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Foreclosure
woes mount for those with good credit Fed Finds a Way
to Use Stress Tests to Screw Bank Shareholders One More Time (at Seeking Alpha) Time Warner to spin off
AOL, ending ill-fated deal
[$$] Listen, But Don't Get
Suckered Faber: Inflation to 'Approach
Zimbabwe Level'... U.S. Weighs Single
Agency to Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and
Disgorgement in this Huge Fraud…Why New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-27-09)
Dow 8,300.02 -173.47 -2.05% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,731.08 -19.35
-1.11% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 893.06
-17.27 -1.90% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $63.45
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.45 (reg. gas in LAND
OF FRUITS AND NUTS $2.65 REG./ $2.75
MID-GRADE/ $2.89 PREM./ $2.55 DIESEL)/ GOLD $953.30 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.87
PLATINUM $1,141.10/ DOLLAR= .71 EURO, 95 YEN, .62 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.74% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
ABSOLUTELY, ABSURDLY, RIDICULOUS! MODEST LOSSES RELATIVE TO REALITY TO KEEP
SUCKERS SUCKERED BASED ON BAD NEWS ( ie., Double-Dip Depression Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B
(AP)
Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND BULL S**T ALONE (ie., Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down Treasury Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for Chapter 11 US
Government to Take Up 70% Stake in GM FDIC
Fund Running Dry Yahoo Finance | As the FDIC
has had to step in to take over more and more insolvent banks, the fund has
dwindled to dangerously low levels. At the same time, the number of problem
banks continues to grow at a rapid pace.
IRS tax revenue falls along with taxpayers’ income USA
Today | Federal tax revenue plunged $138 billion, or 34%, in April vs.
a year ago — the biggest April drop since 1981. ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-26-09)
Dow 8,473.49 +196.17 +2.37% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,750.43 +58.42
+3.45% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 910.33
+23.33 +2.63% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $62.36
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.45 (reg. gas in LAND
OF FRUITS AND NUTS $2.65 REG./ $2.75
MID-GRADE/ $2.89 PREM./ $2.55 DIESEL)/ GOLD $953.30 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.59
PLATINUM $1,139.80/ DOLLAR= .71 EURO, 94 YEN, .62 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.53% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Suckers’ rally to keep suckers suckered
based on bad news ( ie.,
Case-Shillers index shows new record decline in real estate prices, Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) and bull s**t alone (ie., fake consumer confidence reading 30+% better than private
estimate sucker-rallies stocks , Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! (5-22) Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Bill to Audit Fed Wisely Gains
Serious Momentum U.S. to Steer GM Toward
Bankruptcy Gold tops $960 for first time in
two months as dollar weakens South
Afica gold coin demand hits all time high Peter
Schiff called “Extremist” by Time Magazine Geithner
Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold
Poised for Third Weekly Gain as Dollar Slumps Against Euro U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-22-09)
Dow 8,277.32 -14.81
-0.18% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,692.01 -3.24
-0.19% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 887.00
-1.33 -0.15% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $61.67
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.33 (reg. gas in LAND
OF FRUITS AND NUTS $2.60 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $958.90 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.70
PLATINUM $1,160/ DOLLAR= .71 EURO, 94 YEN, .62 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.45% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely, Absurdly, Ridiculous! Only very modest losses relative to reality
based on bad news ( ie.,
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Bill to Audit Fed Wisely Gains
Serious Momentum U.S. to Steer GM Toward
Bankruptcy Gold tops $960 for first time in
two months as dollar weakens South
Afica gold coin demand hits all time high Peter
Schiff called “Extremist” by Time Magazine Geithner
Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold
Poised for Third Weekly Gain as Dollar Slumps Against Euro SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-21-09)
Dow 8,292.13 -129.91 -1.54% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,695.25 –32.59
–1.9% To stamp out fraud, no change from suckers’ rally worth reporting
for second, third, fourth weeks of March and April -84 for the first week of March -7% for the
month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 888.33 -15.14 –1.90% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $61.05
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.26 (reg. gas in LAND
OF FRUITS AND NUTS $2.55 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $951.20 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.45
PLATINUM $1,151/ DOLLAR= .71 EURO, 94 YEN, .63 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.38% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely, Absurdly, Ridiculous! Only modest losses relative to reality as
rally into the close keeps suckers suckered based on bad news (
ie., Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) and bull s**t
alone (Current Recession Is Tracking
the 1930s Bear Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new Treasury aid
(AP) Dollar
hits '09 low on rating fears; stocks dip (Reuters) U.K. to Lose AAA Rating at S&P as Finances Weaken U.S. Stocks Decline on Jobless Claims, greenspan, who
helped create the debacle and should thereby know, Warning Gold May Test $1,200 (5-20) The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The
Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos /confusion /criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves American Capitalism Gone With a
Whimper Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-20-09)
Dow 8,422.04 -52.81 -0.62% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,727.84
-6.70 -0.39% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 903.47 -4.66 -0.51% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $62.04
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.26 (reg. gas in LAND
OF FRUITS AND NUTS $2.55 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $938 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.28
PLATINUM $1,153/ DOLLAR= .72 EURO, 94 YEN, .63 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.19% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely, Absurdly, Ridiculous! Only modest losses relative to reality based
on bad news ( ie., fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) and bull s**t
alone (Current Recession Is Tracking
the 1930s Bear Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ) , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The
Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19)
Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of f**k-ups/vegetables
who like the aforementioned multitudes have really ‘mucked things up’ (for lack
of a more precise yet concise term) on this planet, probably irrevocably, and
like the many home-grown f**k-ups/vegetables, and in america particularly
criminals, jones refuses to acknowledge as culpable for the many reasons he
refuses to see, are but rather typically incompetent players contributing in
there own very special eccentric, neurotic, sick, venal, corrupt, etc., way to
this collective and cumulative result being this ever deflating (declining)
ball of chaos /confusion /criminality called earth (there are exceptions to the
foregoing, but in america, the same would be 5% or less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
(5-19-09)
Dow 8,474.85 -29.23 -0.34% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,734.54 +2.18
+0.13% To stamp out fraud, no change from suckers’ rally worth reporting
for second, third, fourth weeks of March and April -84 for the first week of March -7% for the
month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 908.13 -1.58 -0.17% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth week
of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $59.65
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.25 (reg. gas in LAND
OF FRUITS AND NUTS $2.53 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $925.65 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.15
PLATINUM $1,145/ DOLLAR= .73 EURO, 95 YEN, .64 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.25% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely, Absurdly, Ridiculous! Only modest losses relative to reality based
on bad news ( ie., record low for new housing starts, etc.) and bull s**t
alone (Current Recession Is Tracking
the 1930s Bear Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) ) , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our Way
Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos /confusion /criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-18-09)
Dow 8,504.08 +235.44 +2.85% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,732.36
+52.22 +3.11% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 909.71 +26.83 +3.04% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $56.34
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.25 (reg. gas in LAND
OF FRUITS AND NUTS $2.52 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $922 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.83
PLATINUM $1133/ DOLLAR= .73 EURO, 95 YEN, .64 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.23% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Suckers’
rally (The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) accelerates into the close based on bad news
and bull s**t alone (Current
Recession Is Tracking the 1930s Bear Market ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos/confusion/criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted of on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves Gold likely to test $950 level this week Blue collar males lose more
ground; unemployment rate surges past national average... (5-15)Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the
market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news worse than expected,
ie., weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster created
by the Federal Reserve, banking and Wall Street, and these are the same corrupt
group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's continued
rise.” I’m skeptical about this
rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country. Everyone
is familiar with the old saying, "what goes up must come down."
Certainly the stock market has mounted a serious challenge to this old saying
since bouncing off its lows in March and continues to defy gravity…In the face
of unrelenting bad news, the market has been climbing because the news is
"less bad," Gentle Ben and his Merry Band of Feds see "green
shoots" and the financial press continues an unrelenting mantra of
"recovery lies just ahead." It seems like the markets will never stop
climbing, but they will, because contrary to what you hear on CNBC and read in
the financial press, the laws of gravity have not been repealed and it's still
true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-15-09) Dow 8,268.64 -62.68
-0.75% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,680.14 -9.07
-0.54% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 882.88
-10.19 -1.14% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $56.34
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.24 (reg. gas in LAND
OF FRUITS AND NUTS $2.45 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $931 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14
PLATINUM $1109/ DOLLAR= .73 EURO, 95 YEN, .65 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.13% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely, Absurdly, Ridiculous! Only
modest losses relative to reality as this suckers’ rally has been based on bad
news and bull s**t alone, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the
market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news worse than expected,
ie., weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country. Everyone
is familiar with the old saying, "what goes up must come down."
Certainly the stock market has mounted a serious challenge to this old saying
since bouncing off its lows in March and continues to defy gravity…In the face
of unrelenting bad news, the market has been climbing because the news is
"less bad," Gentle Ben and his Merry Band of Feds see "green
shoots" and the financial press continues an unrelenting mantra of
"recovery lies just ahead." It seems like the markets will never stop
climbing, but they will, because contrary to what you hear on CNBC and read in
the financial press, the laws of gravity have not been repealed and it's still
true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(5-14-09) Dow 8,331.32 +46.43
+0.56% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,689.21 +25.02
+1.3% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 893.07
+9.15 +1.03% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $58.62
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.24 (reg. gas in LAND
OF FRUITS AND NUTS $2.45 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $928.38 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.04
PLATINUM $1118.35/ DOLLAR= .73 EURO, 95 YEN, .65 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.11% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Suckers’
rally based on bad news and bull s**t alone, ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! All news worse than
expected, ie., weekly job losses higher than expected 637,000, wholesale
inflation rate .3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country. Everyone
is familiar with the old saying, "what goes up must come down."
Certainly the stock market has mounted a serious challenge to this old saying
since bouncing off its lows in March and continues to defy gravity…In the face
of unrelenting bad news, the market has been climbing because the news is
"less bad," Gentle Ben and his Merry Band of Feds see "green
shoots" and the financial press continues an unrelenting mantra of
"recovery lies just ahead." It seems like the markets will never stop
climbing, but they will, because contrary to what you hear on CNBC and read in
the financial press, the laws of gravity have not been repealed and it's still
true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies
are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Oil jumps
above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-13-09) Dow 8,284.89 -184.22 -2.18% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,664.19 -51.73
-3.01% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 883.92
-24.43 -2.69% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $58.02
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.24 (reg. gas in LAND
OF FRUITS AND NUTS $2.43 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $925.90 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.02
PLATINUM $1131/ DOLLAR= .73 EURO, 95 YEN, .65 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.11% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely, Absurdly, Ridiculous!
Modest losses relative to reality, ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country. Everyone
is familiar with the old saying, "what goes up must come down."
Certainly the stock market has mounted a serious challenge to this old saying
since bouncing off its lows in March and continues to defy gravity…In the face
of unrelenting bad news, the market has been climbing because the news is
"less bad," Gentle Ben and his Merry Band of Feds see "green
shoots" and the financial press continues an unrelenting mantra of
"recovery lies just ahead." It seems like the markets will never stop
climbing, but they will, because contrary to what you hear on CNBC and read in
the financial press, the laws of gravity have not been repealed and it's still
true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another characteristic
of bear market rallies has been modest volume on the rebound compared to the
decline. The current recovery fits the pattern of bear market rallies in terms
of volume and the “V” shape of the trough. Analysts at Bespoke Investment Group
noted that there have been only seven other periods in the past 110 years with
rallies of similar magnitude for the Dow. Three preceded the Great Depression,
three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies between
1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the
market, Rally just like in 1933, wealth producers becoming impoverished, Fed
officer busted for fraud, troubles in the Economy are far beyond fixing,
interdependence of banks around the world expected to worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-12-09)
8,469.11 +50.34 +0.60% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,715.92 -15.32
-0.88% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January
-41% for the year -2%
for the fourth week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October 908.35
-0.89 -0.10% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $58.85
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.24 (reg. gas in LAND
OF FRUITS AND NUTS $2.43 REG./ $2.65
MID-GRADE/ $2.79 PREM./ $2.45 DIESEL)/ GOLD $923.90 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.22
PLATINUM $1131/ DOLLAR= .73 EURO, 96 YEN, .65 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.17% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! It’s worth noting in a Wall Street Journal
editorial hedge fund manager Andy Kessler said in no uncertain terms, “this
sure smells to me a suckers rally,” largely because “there aren't sustainable,
fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. ‘SELL IN MAY AND GO AWAY’ so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc.. Everyone is familiar with the old saying, "what goes
up must come down." Certainly the stock market has mounted a serious
challenge to this old saying since bouncing off its lows in March and continues
to defy gravity…In the face of unrelenting bad news, the market has been
climbing because the news is "less bad," Gentle Ben and his Merry
Band of Feds see "green shoots" and the financial press continues an
unrelenting mantra of "recovery lies just ahead." It seems like the
markets will never stop climbing, but they will, because contrary to what you
hear on CNBC and read in the financial press, the laws of gravity have not been
repealed and it's still true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall street
greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-11-09) Dow 8,418.77 -155.88 -1.82% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,731.24
-7.76 -0.45% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 909.24
-19.99 -2.15% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $58.51
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.24 (reg. gas in LAND
OF FRUITS AND NUTS $2.42 REG./ $2.65
MID-GRADE/ $2.95 PREM./ $2.45 DIESEL)/ GOLD $913.51 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.91
PLATINUM $1120.70/ DOLLAR= .73 EURO, 97 YEN, .65 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.17% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Only modest
losses relative to reality, ‘SELL IN MAY AND GO AWAY’ so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc.. Everyone is familiar with the old saying, "what goes
up must come down." Certainly the stock market has mounted a serious
challenge to this old saying since bouncing off its lows in March and continues
to defy gravity…In the face of unrelenting bad news, the market has been
climbing because the news is "less bad," Gentle Ben and his Merry
Band of Feds see "green shoots" and the financial press continues an unrelenting
mantra of "recovery lies just ahead." It seems like the markets will
never stop climbing, but they will, because contrary to what you hear on CNBC
and read in the financial press, the laws of gravity have not been repealed and
it's still true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
A
Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks'
deficits after negotiations: sounds like a plan…riiiiight!…report
Buffett's Berkshire has
first loss since 2001
Are stocks a loser's
bet?YES!
Deficits
soar even with rosy assumptions in new Obama budget... America is broke. How broke? White
House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM
executives sell more than 200,000 shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear” lows are only evident
in hindsight, because as we saw in 2008, a deeply oversold market can become
spectacularly more oversold before recovering, and the “fast, furious” spikes
off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-8-09)
Dow 8,574.65 +164.80 +1.96% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,739.00 +22.76
+1.33% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 929.23 +21.84
+2.41% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $58.63
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.40 REG./ $2.65 MID-GRADE/
$2.95 PREM./ $2.96 DIESEL)/ GOLD $911.59 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.96
PLATINUM $1145/ DOLLAR= .73 EURO, 98 YEN, .65 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.29% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! The flaming
full moon and effect on lunatic wall street frauds and bull s**t alone (false
data, not as bad as expected…riiiiight!…, etc.) irrationally exuberantly rally
stocks so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Unemployment
up to 8.9%, US
unemployment hits 25-year high China fears bond
crisis as it slams quantitative easing The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded the
Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012
-- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
[$$] Banks Won
Concessions on Tests (at The Wall Street Journal Online) [$$] Hit by
Mortgage Defaults, Fannie Needs $19 Billion (at The Wall Street Journal Online) [$$] Bank Shares
Range-Bound Near Term (at Barron's Online) AP Sources:
Obama wants Fed to be finance supercop which is one of the dumber things I’ve
ever heard (very bushy) since the fed is the super criminal, capo, godfather,
etc., in the criminal enterprise called american finance/scam the
taxpayer/etc., in this fraud of monumental proportion … the bubble will again pop Fannie Mae
seeks $19B in US aid after 1Q loss Buffett's Berkshire has
first loss since 2001 Fed Sees Up to $599 Billion in
Bank Losses Is Rupert Murdoch losing it? Already past tense; he’s
lost it…so…..? EU Calls
for “Internet G12″ for Global Internet Governance US
unemployment hits 25-year high China fears bond
crisis as it slams quantitative easing The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government
FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-7-09) Dow 8,409.85 -102.43 -1.20% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,716.24 -42.86 -2.44% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 907.39 -12.14 -1.32%To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $56.71
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $915.51 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.53
PLATINUM $1153/ DOLLAR= .74 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.35% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Yes, there
is a flaming full moon which explains in large part only modest losses relative
to reality by the lunatic frauds on wall street so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! New record for continuing
unemployment claims and as with all government data, adp data, etc., is fudged
to whatever way necessary to help froth the market. Short-covering explaining
part of what remains of this continuing suckers’ bear market rally and as
admonished by analyst at Farr Miller is a bull trap. How about plain old bull
crap! One analyst (Craig Brown) points out that we’re
not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
U.S. banks race
to fill $74.6 billion stress test hole NY Fed chair
resigns amid stock purchase questions and while they’re at it ask him and tiny
tim geithner about the missing $4 trillion at the N.Y. fed bank among other
things BofA needs $33.9 billion,
eyes stock and asset sales
Cyberbullying Bill Not About
Protecting Kids, It is About Shutting Down the Opposition Rupert Murdoch: “Internet Will
Soon Be Over – in his wet dreams along with presidents hillary, rudy, and
mccain – must be ancestral flashbacks to the penal colony days in australia” Taking on the banking cabal Looking Back on the Greatest
Depression 401(k)s
Hit by Withdrawal Freezes Taleb:
Global Crisis “Vastly Worse” Than 1930s, Buy Gold and Copper Dollar Hovering at
Cliff’s Edge Group
names 25 lenders responsible for economic meltdown $58: Oil prices
jump to new six-month high...
GM posts $6 billion loss for
first quarter... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-6-09)
Dow 8,512.28 +101.63 +1.21% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,759.10 +4.98
+0.3% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 919.53 +15.73
+1.7% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $56.34
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $911 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.53
PLATINUM $1139/ DOLLAR= .74 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.15% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Yes, there
is a full moon so that explains in large part the up move based on bad news and
bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Some short-covering explaining part of this continuing suckers’ bear
market rally, the other as admonished by analyst at Farr Miller is a bull trap.
How about plain old bull crap! One analyst (Craig Brown) points out that we’re
not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully played
out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
BofA, Citi,
Wells need capital under stress tests NEED BILLIONS AND BILLIONS MORE Bank stress tests show some
banks need more funds Almost a Quarter of U.S.
Homeowners Are Underwater Banks Need Billions More Globalizing the Internet Hedge
Fund Leader Blasts Obama for “Bullying” and “Abuse of Power” About that “loan”:
Obama team writes off $7 billion taxpayers loaned Chrysler $56: Oil prices
jump to new high for year... US wants Israel, India, Iran to sign NPT Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-5-09) Dow 8,410.65 -16.09 -0.19% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,754.12
-9.44 -0.54% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 903.80
-3.44 -0.38% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $53.80
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $905 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.35
PLATINUM $1125/ DOLLAR= .74 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.13% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! So small
were the losses relative to reality that to try and make sense of same
(americans among other investors must love getting burned by the frauds on wall
street who are commissioning the new bubble like mad and don’t worry since in
america today they socialize their losses and privatize their gains) is but a
fool’s errand so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! One analyst (Craig
Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
Bank of America
to need $34 billion in capital: source Yen rises,
stocks slip on Bank of America needs Moody's downgrades NYSE
Euronext debt (AP) Auditors see SEC
deficiencies Stress Test
Results Seem to Be Changing Daily (at Seeking Alpha) We Haven't
Reached the Bottom Yet About
that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler US
Fed rejects request to help credit card holders Fed
Stress Tests to Show About 10 Banks Need Capital Gold
Climbs to One-Week High as Dollar Declines; Platinum Gains Editorial: Bleak forecast for EU economies Michigan
residents mine bodies for cash; Sellers offer hair, blood... GM plans
1-for-100 reverse stock split...
The Economic
Pain Ain't Over Yet Economic
downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(5-4-09) Dow 8,426.74 +214.33 +2.61% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and
April -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,763.56 +44.36
+2.53% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 907.24 +29.72
+2.98% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $54.43
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $911.60 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.36
PLATINUM $1125/ DOLLAR= .74 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.16% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! So
preposterous was the day’s suckers’ rally that I cannot dignify same with my
own commentary other than to say SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Some perspective from Sajal… Excerpts – ie.,
…Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming Georgia, N.J.
and Utah banks fail The Economic
Pain Ain't Over Yet Obama says
financial sector to shrink (Reuters) Buffett
dispenses gloom at Berkshire fest…daaaah! Warren Buffett
warns inflation is on the horizon …daaah!(at Fortune) SHOCK CLAIM: WHITE HOUSE BULLY THREAT OVER AUTO BANKRUPTCY...
China 'cutting down purchases of US Treasury bonds'... Obama: Wall Street will play less dominant role... ...financial
sector to shrink European
economy 'will shrink 4%'
About 10 U.S. stress test
banks to need more capital
UBS remains
cautious after confirming first-quarter loss AIG to post
first-quarter loss, no new bailout: source Prepare for
Another Round of U.S. 'Stimulus' Propaganda Swine Flu A Hoax, But Martial Law All Too Real U.S. families rely on handouts
in world’s richest country Attack on the
Chrysler Capitalists Obama
Pushes ‘Crackdown’ on Legal Tax ‘Havens’ Economic
downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(5-1-09) Dow 8,212.41 +44.29
+0.54% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,719.20 +1.90
+0.11% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 877.52 +4.71
+0.54% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $53.20
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $888.20 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.51
PLATINUM $1138/ DOLLAR= .75 EURO, 98 YEN, .67 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.16% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Suckers’
rally into the close to keep suckers sucked in based on very bad news [U.S. Economy: GDP Shrinks in Worst Slump in 50 Years , Georgia, N.J. banks fail, bringing '09 total to
31 , Auto sales plunge to near 30-year lows ,
Chrysler to close 5 more plants; court case begins , ‘China cancels
America’s credit card’ , Mark Hulbert who tracks investment consensus
says bear market rally and new lows before new highs , continuing claims for unemployment at new
record 6.3 million, new claims at 631,000 for prior week, worse than expected
are consumer spending -.2% and personal income -.3%, Chrysler receives
additional $8 billion in taxpayer funds and files for bankruptcy, U.S. Economy in 2nd Straight Quarter of Steep Decline , leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for 2009
thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford
loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ] and bull s**t ( fed says
pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as
expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! ‘…economic conditions remain dour. Factory orders for March declined
0.9%, which is worse than the 0.6% decline that was widely expected, and
February orders were revised lower to reflect an increase of 0.7%. Meanwhile,
the ISM Manufacturing Index for April showed continued contraction. It came in
at 40.1. However, that was better than the 38.4 that was expected, and was also
up from 36.3 in March. With economic conditions continuing to challenge
businesses and consumers, Ford (F 5.69, -0.29) announced April auto sales fell 31.6%, while General Motors (GM 1.81, -0.11) said its US sales fell
34% in April…’ …traders living in a fool's paradise if
they continue to drive the markets higher by buying stocks based on earnings
that are down, say, 50 percent from this time last year, only because they're
not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial
crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming throughSocial Security: Bankrupt System Will Impact
Markets Sooner Than Expected Georgia, N.J. banks fail, bringing '09 total
to 31 U.S. Economy: GDP Shrinks in Worst Slump in 50 Years Auto sales plunge to near 30-year lows [$$] The Overvalued Market Needs a Healthy
Pullback Major wholesale bank shuttered …Silverton, Ga…and then
Ridgewood, n.j. for 31st bank failure
this year (at CNNMoney.com) Manufacturing declines at slower rate in April …
riiiiight!…(AP) Chrysler to close 5 more plants; court case
begins Results delayed again on banks stress tests
…the fudge factor!…(at bizjournals.com) Regulators close two more banks U.S. families rely on handouts
in world’s formerly richest country Elliot Wave Theorists Claim Pandemics Always Happen In a
Bear Market CITI Said to Need Up to $10 Billion; Bank Disputes 'Stress Test'
Result... ‘China cancels
America’s credit card’ China, wary of
the troubled US economy, has ‘canceled America’s credit card’ by cutting down
purchases of debt, a US congressman says.
Top Senate
Democrat: bankers “own” the U.S. Congress Stress-Test
Results Are Delayed by Fed as Examiners, Banks Debate Findings... Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(4-30-09) Dow 8,168.12 -17.61
-0.22% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,717.30 +5.36
+0.31% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for the first
week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 872.81 -0.83
-0.10% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -52 for the first
week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $51.13
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $886.65 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.38
PLATINUM $1098/ DOLLAR= .75 EURO, 97 YEN, .67 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.11% …..… AP Business
Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Very modest
losses relative to reality to keep suckers sucked in based on very bad news [Continuing
claims for unemployment at new record 6.3 million, new claims at 631,000 for
prior week, worse than expected are consumer spending -.2% and personal income
-.3%, Chrysler receives additional $8 billion in taxpayer funds and files for
bankruptcy, U.S. Economy in 2nd Straight Quarter of Steep Decline , leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for 2009
thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford
loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ] and bull s**t ( fed says
pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as
expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders
living in a fool's paradise if they continue to drive the markets higher by
buying stocks based on earnings that are down, say, 50 percent from this time
last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through…” Chrysler files
for Chapter 11 bankruptcy Motorola loss
widens; analysts see worrisome signs Dow Chemical
1Q profit tumbles 97 percent With earnings
bar low, April fraudulently strong for stocks Will
the Swine Flu Get the Same Response as the Financial Crisis - Protect the
Status Quo without Really Changing Anything? U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years Top Senate
Democrat: bankers “own” the U.S. Congress Stress-Test
Results Are Delayed by Fed as Examiners, Banks Debate Findings... Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and Government
FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(4-29-09) Dow 8,185.73 +168.78 +2.11% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,711.94 +38.13
+2.28% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 873.64 +18.48
+2.16% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.92
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $898.38 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.88
PLATINUM $1095/ DOLLAR= .75 EURO, 96 YEN, .67 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.10% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Flagrant
suckers’ rally to keep suckers sucked in based on very bad news [ U.S. Economy in 2nd Straight Quarter of Steep Decline leading
economic indicators ( a forward looking guage of economic activity/growth)
declined a much worse than expected –6.1% which one analyst commented was
negative and getting worse, pandemic level raised to 5, banks need another
trillion, new home sales down, durable goods sales down, 4 more bank failures
to 27 for 2009 thus far, GM borrows $2 billion more/close dealers/many more
layoffs, Ford loses almost $2 billion, Microsoft reports first decline in
revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ] and bull s**t ( fed says
pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as
expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders
living in a fool's paradise if they continue to drive the markets higher by
buying stocks based on earnings that are down, say, 50 percent from this time
last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend
less money… "You have to
balance hope with reality," says Doug Sandler, chief equity officer at
Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good
example of a year where you probably have a lot of hope early, then the reality
coming through…” …[The
upshot is that the fraud continues in churn-and-earn fashion with investors,
taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through…” Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and Government
FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(4-28-09) Dow 8,016.95 -8.05 -0.10% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,673.81
-5.60 -0.33% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 855.16
-2.35 -0.27% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.92
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $893.59 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.40
PLATINUM $1095/ DOLLAR= .75 EURO, 96 YEN, .68 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.01% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Very modest
losses relative to reality to keep suckers sucked in based on bad news (banks
need another trillion, new home sales down, durable goods sales down, 4 more
bank failures, GM borrows $2 billion more, Ford loses almost $2 billion,
Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, Consumer confidence soars past forecasts
(on fake conference board report) in April – riiiiight! Come on! Even americans
are not that shortsighted /blind /dumb!…
l etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Sun's loss widens on restructuring,
slumping sales Citi, BofA may need more capital after
stress tests (Reuters) GM to force more than 1,000 dealers to close Douglas, Stone head back to `Wall Street'
(AP) E-Trade Financial 1st-qtr loss widens,
shares fall (AP) Textron's 1st-quarter profit falls 63 pct (AP) …traders living in a fool's paradise if
they continue to drive the markets higher by buying stocks based on earnings
that are down, say, 50 percent from this time last year, only because they're
not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says.Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(4-27-09)
Dow
8,025.00 -51.29
-0.64% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,679.41 –14.88
-0.88% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 857.51 –8.72
–1.03% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $50.14
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $908.45 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.95
PLATINUM $1179/ DOLLAR= .75 EURO, 96 YEN, .68 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.92% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still
Absolutely, Absurdly, Ridiculous! Only modest losses relative to reality to
keep suckers sucked in based on bad news (banks need another trillion, new home
sales down, durable goods sales down, 4 more bank failures, GM borrows $2
billion more, Ford loses almost $2 billion, Microsoft reports first decline in
revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise if they continue to drive
the markets higher by buying stocks based on earnings that are down, say, 50
percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says.Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… Betrayal of the People By Wall Street, Banks, and
Government GM OFFERS
ITSELF UP FOR NATIONALIZATION... FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... GM goes for
broke Corporate CFR Members Get Most of the Bailout Money Flu
fears dampen talk of tentative world recovery Raised
pandemic risk, bank capital report fuels fresh fears US newspaper
circulation sees biggest decline yet (AP) WSJ: Regulators urge BofA,
Citi to boost capital
GM goes for broke CNNMoney | General Motors announced plans Monday to cut 23,000 U.S. jobs by
2011, drop its storied Pontiac brand and slash 40% of its dealer network in its
latest bid to stay out of bankruptcy.
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(4-24-09)
Dow
8,076.29 +119.23 +1.50% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,694.29 +42.08
+2.55% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 866.23 +14.31
+1.68% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $51.55
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $914.10 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.92
PLATINUM $1183/ DOLLAR= .75 EURO, 97 YEN, .68 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.00% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Suckers’ bear market rally to keep suckers sucked in
based on bad news ( new home sales down, durable goods sales down, 4 more bank
failures, GM borrows $2 billion more, Ford loses almost $2 billion, Microsoft
reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Watch out for
the fake government stress tests (they lie about everything!). Note the delay
in the rollout. Bank analyst Cassidy says bank plan a failure. Business week
business analyst /reporter says (tongue in cheek) the optimism (irrational
exuberance) must be the advent of spring and the birds chirping (in the heads
of the wall street lunatic/frauds…cukoos). Analysts/Economists comments
include: slow release of stress test results, details and accuracy of data
crucial for stress tests (good luck!), things have not bottomed out but pace of
decline has slowed somewhat, bleak outlook for GM, Chrysler and bankruptcy
probably necessary because of legacy costs, and public pension funds with
ridiculously rich benefits the next shoe to drop. Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.).
Four more banks shuttered as credit crunch
shakes out
Why
Housing Is Not Coming Back Obama Talks Credit Cards,
Summers Nods Off This Volatility Is Off the Charts! Banks May Struggle After 'Stress Tests'; Bad Assets Triple...
R.I.P.: GM to pull the plug on Pontiac...
Four more banks
closed by regulators, this years closures exceeding all of 2008 as depression
continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO
(MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s
deposit insurance fund nearly $700 million as the effects of the credit crisis
continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American Southern Bank
marked the 26th bank failure of the year and the fifth in the state of Georgia,
the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became
the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First
Bank of Beverly Hills. Alpharetta, Ga.-based Bank of North Georgia has agreed
to assume American Southern Bank's deposits, the FDIC said in a statement…
Germany’s slump
risks ‘explosive’ mood as second banking crisis looms China
Increases Gold Reserves 76% to Fifth-Largest SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(4-23-09)
Dow
7,957.06
+70.49 +0.89% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,652.21
+6.09 +0.37% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 851.92
+8.37 +0.99% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.62
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $906.58 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.58
PLATINUM $1188/ DOLLAR= .75 EURO, 97 YEN, .68 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.93% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Suckers’ rally in last 30 minutes to keep suckers sucked
in based on bad news ( U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Watch out for
the fake government stress tests (they lie about everything!). Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k
Russia’s
economy shrank a staggering 9.5% in first quarter Truth About TARP Reports:
GM to Shut Down Plants for the Summer President's financial adviser falls asleep while Obama talks! ON
THE BRINK: Feds preparing bankruptcy filing for CHRYSLER... AMEX Profit Drops 58% as Defaults Rise, Consumers Cut
Spending... Microsoft's sales show fallout of recession Normura posts record $7.3 billion annual loss Interview with Peter Schiff: Reflating the Bubble
Soaring
U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble smackdown:
Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to
9 weeks - General Motors Corp. is planning to
temporarily close most of its U.S. factories for up to nine weeks this summer
because of slumping sales and growing inventories of unsold vehicles, three
people bri… [$$] Morgan Stanley Still at Loss (at
The Wall Street Journal Online) [$$] Gauging Stress: More Losses Likely (at The Wall
Street Journal Online)
No quick cybersecurity fix seen
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
Bank Lending Keeps Dropping Oxdown Gazette | The 12 trillion that is being floated
to insolvent US banks is essentially being looted in the paper economy.
SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME!
(4-22-09) Dow
7,886.57
-82.99 -1.04% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,646.12
+2.27 +0.14% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 843.55
-6.53 -0.77% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $48.85
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $890.58 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.38
PLATINUM $1169/ DOLLAR= .76 EURO, 97 YEN, .68 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.95% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely,
Absurdly, Ridiculous! Modest losses relative to reality in mixed market close
so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’(ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). ‘For the second session in a row, stocks
opened lower but buyers moved in to bid the major indices higher (based on
nothing at all). However, upward momentum stalled as the S&P 500 approached
the 850 level in the final hour of trading, which prompted sellers to re-enter
the fold and hand stocks a sizeable loss. The late selling effort focused on
financial stocks, which closed with a loss of 3.8%, worse than any other sector
in the S&P 500. Shares of Morgan Stanley (MS 22.44, -2.21)
weighed heavily on the financial sector after the company reported a
larger-than-expected first quarter loss and a dividend cut.’
Gold
Heading Above $2,000 by End of 2010: Strategist Soaring
U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble
smackdown: Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to
9 weeks - General
Motors Corp. is planning to temporarily close most of its U.S. factories for up
to nine weeks this summer because of slumping sales and growing inventories of
unsold vehicles, three people bri... Falling
bank stocks unravel rally; Dow loses 83 - Nagging worries about banks upended a
stock market rally Wednesday. [$$]
Morgan Stanley Still at Loss (at The Wall Street Journal Online) Talks on mortgage relief plan hit a
snag (AP) - Negotiations
between the banking industry and Senate Democrats on a mortgage relief plan hit
a snag Wednesday after a trade association representing credit unions said it
could not endorse the proposa... [$$] Gauging Stress: More Losses
Likely (at The Wall Street Journal Online)
No
quick cybersecurity fix seen Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
Bank Lending Keeps Dropping Oxdown Gazette | The 12 trillion that is being floated
to insolvent US banks is essentially being looted in the paper economy. SELL /SELL INTO
RALLIES/ STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(4-21-09)
Dow
7,969.56
+127.83 +1.63% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,643.85
+35.64 +2.22%To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 850.08
+17.69 +2.13%To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $46.35
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $884.20 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.07
PLATINUM $1153/ DOLLAR= .77 EURO, 98 YEN, .68 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.90% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Tiny Tim talks
the talk in testimony tit for tat talking the talk, or stated another way, how
much talk could tiny tim talk if a tiny tim could talk talk, said three times
fast and you have the inspiration for a rally on fraudulent wall street based
on bull s**t alone as bad news and bull s**t alone has kept the churn and earn
commissionable bubble fraud rolling (on the way up and on the way down) so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Even main stream business radio
reporter Laura Gregory references the ‘rally based on nothing at all’, which of
course is true. One analyst said all bank problems remain and reality
would not limit the remaining problems to banks. IMF says $2.7 trillion in losses ahead
for (u.s.) banks. judd greg says u.s.
couldn’t meet the economic criteria for admission to EU. WOW! Given the
economic state of the EU, that’s worse than bad! Seeking
Alpha Analyst sums it up ‘…The six-week-long rally is over. It was huge. The
Dow Jones is up almost 1500 points. But the party is over. The Dow Jones fell
under its 13 day moving average, the same thing happened to the S&P 500 and
the Nasdaq composite. I had some hope that the Naz could stay above its 13 day
MA, but no such luck. Now what? According to the 1932 scenario, we might have a
2-3 months long slump, followed by another bull market. Or the market can go
down big time, cross down its 50 day MA and test the March lows…’ - The latter
is the scenario consonant with reality. - He assumes best case scenario as he
concludes that ‘…means
that either the March low holds or a new low will not be much lower. – Reality
disagrees with that overly rosy scenario based upon his stated overly rosy
assumption! Crimes suspected in 20 bailout cases — for starters AIG eats another $30 billion-ish Housing Bubble Smackdown:
Bigger Crash Ahead U.S. Stocks To Fall at Least 6%: Doug Kass Key Points About the
Coming Hyperinflation Wall St gains as banks lifted by tiny
tim’s b.s NYT losses worsen as ad sales plunge 27%... Yahoo to cut 5 percent of jobs Wall
St gains as banks lifted by tiny tim’s b.s. AMD posts deeper loss, shares fall (AP) [$$] Connecticut Treasurer Joins Critics
of BofA CEO (at The Wall Street Journal Online) [$$] Citi Investors Vent About Losses
(at The Wall Street Journal Online) Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL OPERATOR
FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(4-20-09) Dow
7,841.73 -289.60 -3.56% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,608.21 -64.86
-3.88% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 832.39 -37.21
-4.28% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $45.88
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $888 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.38
PLATINUM $1169/ DOLLAR= .77 EURO, 97 YEN, .68 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.835% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely, Absurdly,
Ridiculous! Modest losses relative to
reality as bad news and bull s**t alone has kept the churn and earn
commissionable bubble fraud rolling (on the way up and on the way down) so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! All reasons for today’s reality
plunge have been previously covered and warned of here in real time; ie., new
meaningless FASB accounting standards which wall street frauds rallied on now have
sold off on, worse to come in credit defaults/losses, leading indicators down
again, etc.. April
17 (Bloomberg) -- David Tice, the chief portfolio strategist for bear markets
at Federated Investors Inc., said the Standard & Poor’s 500 Index
will probably plunge about 62 percent. He spoke during a Bloomberg
Television interview today. The Federated Prudent Bear Fund that he founded
returned 6.7 percent last year as the S&P 500 plunged 38 percent, the most
since 1937. Tice said the benchmark index for U.S. stocks may slump to about
325. It closed today at 865.30. The measure has surged 28 percent since March
9, the most in five weeks since the 1930s. SUCKER'S RALLY APPROACHING AN END by Peter
Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming … The stock market pattern in 2008-9
has so far been a mirror image of the crash of 1929-30 with a halving of prices
from the autumn followed by a 25 per cent rally from March lows. In April 1930
stocks moved sideways and then they crashed another 50 per cent into the
summer… New record continuing unemployment claims in excess of 6 million, -11%
for new home sales (unexpected but stocks and even homebuilders rallied),
Bloomberg reports $13 trillion (much unaccounted for) taxpayer/bailout funds
spent/lent/stolen by who knows what/where/how (ie.,replace stolen funds?,
etc.), second largest mall co. to bankruptcy with more to come along with more
commercial real estate foreclosures. ‘…initial claims for the week ending April 11 totaled
610,000, which is down more than expected from the prior week, but continuing
claims climbed more than expected to a new record of 6.02 million. Separately,
housing starts disappointed investors hoping to find signs of a recovery in
home building. Housing starts for March totaled 510,000, which was below the
540,000 starts that were expected and down from the prior month. Meanwhile,
building permits in March totaled 513,000, which is below the 549,000 permits
that were expected, down from February…’
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Industrial production down –13%, most since
WW2. The wall street frauds celebrate increase real estate sales…on increased
foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums end US foreclosures up 24 percent in 1st
quarter Jim Rogers Says Investors
Should Expect More Bottoms Still not one prosecution as new churn and
earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell
the sizzle tech sector now the wall street frauds’ refuge-remember the dot com
bust, etc.). BULL S**T STORIES FOISTED AS B.S. TALKING POINTS FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER
MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT-
GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY
AND REPORTS QUARTERLY $1.8 BILLION
PROFIT - MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25
BILLION AND REPORTS QUARTERLY $1
BILLION LOSS - BANK OF AMERICA RECEIVED
$45 BILLION AND REPORTS QUARTERLY $3+
BILLION PROFIT AND SETS ASIDE $13 BILLION FOR LOAN LOSS RESERVES - DO THE MATH
(FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) -
AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT
FRAUDS! The Great Geithner Coverup WHAT
TOTAL BULL S**T! …[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain and there is but an infinitesimally
small fraction of the capital and resources necessary to solve them thanks to
fraud, incompetence, lack of knowledge/ability, greed, etc.].
U.S. Treasury
asking banks keep quiet on stress tests New
unemployment claims at high 654,000 praised as positive number… riiiiight! …as
continuing unemployment claims at record 5.84 million (real numbers even
worse). Economy so bad that consumers can’t buy goods so trade deficit shrank
but this is a structural defect in u.s. economy so not good news and consistent
with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation,
robbing peter to pay paul, take profits; while economist cite Reich that we’re
in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%,
more weakness, more unemployment, inflation to come on fast says Hogan, and
insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing
(suckers’) bear market rally and advocating hold cash/sell stocks Hillary
Kramer points to the preposterous on wall street where bad news greated as good
vis-ŕ-vis stocks (they call what wall street does ‘fraud’…in a rational world
where they would already be in jail). Madman Cramer –
the ultimate contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example, see
“Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View Courtesy of ETF.COM:
‘…Due to our expectations of continued weakness in the financial sector, the
looming deterioration of commercial real estate, the credit markets tepid
backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Sony Ericsson posts Q1 loss, plans more
cost cuts Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
Citigroup: The
Beginning and End of the Current Rally (at Seeking Alpha) Why BAC Will
Beat: Understanding a New Bull Market Is Not Underway (at Seeking Alpha) Government's
Handling of Economic Crisis - Einstein Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on
bad loans GM cutting 1,600 U.S. salaried positions IBM sales fall more than expected, but
b.s. up Wall Street sinks on banks' woes Wall Street tumbles as investors dump financials (AP) IBM shares slip as 1Q sales fall short
(AP) New embrace of reality about bank health
grip Wall Street Backdoor Path To Bank Nationalization
(at CNBC) Zions Bancorp Swings To 1Q Loss; Moody's
Cuts Ratings Economic Downturn Negatively Affecting
Credit Markets in Varied Industries Celente: “America lives in a
fascist state” Backdoor Nationalization? U.S.
May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not
the Bottom SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(4-17-09)
Dow
8,131.33 +5.90
+0.07% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,673.07 +2.63
+0.16% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 869.60 +4.30
+0.50% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $50.33
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $868 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $11.79
PLATINUM $1211.88/ DOLLAR= .75 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 2.95% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Suckers’ rally
into the close to keep the suckers’ suckered in on bad news and bull s**t alone
to keep the churn and earn commissionable bubble fraud rolling so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! April 17 (Bloomberg) -- David Tice, the
chief portfolio strategist for bear markets at Federated Investors Inc., said
the Standard & Poor’s 500 Index will probably plunge about 62 percent. He spoke during a Bloomberg
Television interview today. The Federated Prudent Bear Fund that he founded
returned 6.7 percent last year as the S&P 500 plunged 38 percent, the most
since 1937. Tice said the benchmark index for U.S. stocks may slump to about
325. It closed today at 865.30. The measure has surged 28 percent since March
9, the most in five weeks since the 1930s. SUCKER'S RALLY APPROACHING AN END by Peter
Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming … The stock market pattern in 2008-9
has so far been a mirror image of the crash of 1929-30 with a halving of prices
from the autumn followed by a 25 per cent rally from March lows. In April 1930
stocks moved sideways and then they crashed another 50 per cent into the
summer… New record continuing unemployment claims in excess of 6 million, -11%
for new home sales (unexpected but stocks and even homebuilders rallied),
Bloomberg reports $13 trillion (much unaccounted for) taxpayer/bailout funds
spent/lent/stolen by who knows what/where/how (ie.,replace stolen funds?,
etc.), second largest mall co. to bankruptcy with more to come along with more
commercial real estate foreclosures. ‘…initial claims for the week ending April 11 totaled
610,000, which is down more than expected from the prior week, but continuing
claims climbed more than expected to a new record of 6.02 million. Separately,
housing starts disappointed investors hoping to find signs of a recovery in
home building. Housing starts for March totaled 510,000, which was below the
540,000 starts that were expected and down from the prior month. Meanwhile,
building permits in March totaled 513,000, which is below the 549,000 permits
that were expected, down from February…’
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus packages
have more than likely been too small and too late to prevent another down leg
in stocks, and will take time to revive the real economy, if indeed they can do
so. They might just stop the worst possible scenario but are they going to
prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Industrial production down –13%, most since
WW2. The wall street frauds celebrate increase real estate sales…on increased
foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums end US foreclosures up 24 percent in 1st
quarter Jim Rogers Says Investors
Should Expect More Bottoms Still not one prosecution as new churn and
earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell
the sizzle tech sector now the wall street frauds’ refuge-remember the dot com
bust, etc.). BULL S**T STORIES FOISTED AS B.S. TALKING POINTS FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER
MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT-
GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY
AND REPORTS QUARTERLY $1.8 BILLION
PROFIT - MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25
BILLION AND REPORTS QUARTERLY $__
BILLION PROFIT - DO THE MATH (FIRST
GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT
RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT
TOTAL BULL S**T! …[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.].
U.S. Treasury
asking banks keep quiet on stress tests New
unemployment claims at high 654,000 praised as positive number… riiiiight! …as
continuing unemployment claims at record 5.84 million (real numbers even
worse). Economy so bad that consumers can’t buy goods so trade deficit shrank
but this is a structural defect in u.s. economy so not good news and consistent
with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation,
robbing peter to pay paul, take profits; while economist cite Reich that we’re
in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%,
more weakness, more unemployment, inflation to come on fast says Hogan, and
insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing
(suckers’) bear market rally and advocating hold cash/sell stocks Hillary
Kramer points to the preposterous on wall street where bad news greated as good
vis-ŕ-vis stocks (they call what wall street does ‘fraud’…in a rational world
where they would already be in jail). Madman Cramer –
the ultimate contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View Courtesy of ETF.COM:
‘…Due to our expectations of continued weakness in the financial sector, the
looming deterioration of commercial real estate, the credit markets tepid
backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Sony Ericsson posts Q1 loss, plans more
cost cuts
Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Toshiba expects bigger loss, contract
job cuts Sony Ericsson posts loss, to cut 2,000 jobs Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(4-16-09) Dow
8,125.43 +95.81 +1.19% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,670.44 +43.64 +2.68%To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -84 for the first week of March -7% for the
month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 865.30 +13.24 +1.55%To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.98
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $879.88 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.25
PLATINUM $1215.88/ DOLLAR= .75 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 2.85% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Suckers’ rally
into the close to keep the suckers’ suckered in on bad news and bull s**t alone
so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! New record
continuing unemployment claims in excess of 6 million, -11% for new home sales
(unexpected but stocks and even homebuilders rallied), Bloomberg reports $13
trillion (much unaccounted for) taxpayer/bailout funds spent/lent/stolen by who
knows what/where/how (ie.,replace stolen funds?, etc.), second largest mall co.
to bankruptcy with more to come along with more commercial real estate
foreclosures. ‘…initial
claims for the week ending April 11 totaled 610,000, which is down more than
expected from the prior week, but continuing claims climbed more than expected
to a new record of 6.02 million. Separately, housing starts disappointed
investors hoping to find signs of a recovery in home building. Housing starts
for March totaled 510,000, which was below the 540,000 starts that were
expected and down from the prior month. Meanwhile, building permits in March
totaled 513,000, which is below the 549,000 permits that were expected, down
from February…’
April 16
(Bloomberg) -- David Tice, the chief portfolio strategist for bear markets at
Federated Investors Inc., said the Standard & Poor’s 500 Index will
probably plunge about 62 percent. He spoke during a Bloomberg Television interview
today. The Federated Prudent Bear Fund that he founded returned 6.7 percent
last year as the S&P 500 plunged 38 percent, the most since 1937. Tice said
the benchmark index for U.S. stocks may slump to about 325. It closed today at
865.30. The measure has surged 28 percent since March 9, the most in five weeks
since the 1930s.
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Industrial production down –13%, most since
WW2. The wall street frauds celebrate increase real estate sales…on increased
foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums end US foreclosures up 24 percent in 1st
quarter Jim Rogers Says Investors Should
Expect More Bottoms Still not one prosecution as new churn and
earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell
the sizzle tech sector now the wall street frauds’ refuge-remember the dot com
bust, etc.). BULL S**T STORIES FOISTED AS B.S. TALKING POINTS FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER
MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT-
GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY
AND REPORTS QUARTERLY $1.8 BILLION
PROFIT - MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25
BILLION AND REPORTS QUARTERLY $1 BILLION LOSS - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL,
AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR
THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT
TOTAL BULL S**T! …[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.].
U.S. Treasury
asking banks keep quiet on stress tests New
unemployment claims at high 654,000 praised as positive number… riiiiight! …as
continuing unemployment claims at record 5.84 million (real numbers even
worse). Economy so bad that consumers can’t buy goods so trade deficit shrank
but this is a structural defect in u.s. economy so not good news and consistent
with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation,
robbing peter to pay paul, take profits; while economist cite Reich that we’re
in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%,
more weakness, more unemployment, inflation to come on fast says Hogan, and
insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing
(suckers’) bear market rally and advocating hold cash/sell stocks Hillary
Kramer points to the preposterous on wall street where bad news greated as good
vis-ŕ-vis stocks (they call what wall street does ‘fraud’…in a rational world
where they would already be in jail). Madman Cramer –
the ultimate contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View Courtesy of ETF.COM:
‘…Due to our expectations of continued weakness in the financial sector, the
looming deterioration of commercial real estate, the credit markets tepid
backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Sony Ericsson posts Q1 loss, plans more
cost cuts Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Toshiba expects bigger loss, contract
job cuts Sony Ericsson posts loss, to cut 2,000 jobs Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(4-15-09)
Dow
8,029.62
+109.44 +1.38%To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -436 for the first week of March -12%
for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of
January -5%
for first full week of January -34% for the
year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,626.80
+1.08 +0.07% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 852.06 +10.56 +1.25% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -52 for the first week of March -11% for the
month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.25
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $892 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.76
PLATINUM $1226/ DOLLAR= .75 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.77% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Suckers’ rally
into the close to keep the suckers’ suckered in on bad news and bull s**t alone
so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Industrial
production down –13%, most since WW2. The wall street frauds celebrate increase
real estate sales…on increased foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums end US foreclosures up 24 percent in 1st
quarter Jim Rogers Says Investors
Should Expect More Bottoms Still not one prosecution as new fraud
begins. BULL S**T
STORIES FOISTED AS B.S. TALKING POINTS FOR CONTINUING FRAUD/SPIKE IN STOCK
PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION
TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY
PROFIT- GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER
MONEY AND REPORTS QUARTERLY $1.8
BILLION PROFIT - DO THE MATH (FIRST
GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT
RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-ŕ-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Madman Cramer – the ultimate contrarian
indicator - CRAMER'S CALL: ANOTHER RALLY TOP
INDICATOR Greg Feirman Wow, the bulls
are really feeling good. “Wells Fargo Carries The Day” and the
S&P and Dow closed at 2 months high and the Nasdaq is near its highs for
the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View
Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short Goldman Sachs
Q1: Pay Up, People Down Dealbreaker
Afterdark: Fannie Mae CEO To Head Bailout Nation UBS cuts 8,700 more jobs Let's Keep Big
Banks from Ruining America Forever (at Seeking Alpha) China's ICBC now
world's largest bank by deposits (at MarketWatch) UBS faces $1.8
billion loss, will cut almost 9,000 more jobs World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis
sees hyperinflation ahead SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS
WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(4-14-09)
Dow
7,920.18 -137.63
-1.71% To stamp out fraud, no change from suckers’ rally worth reporting
for second, third, fourth weeks of March -436 for the
first week of March -12% for the month of February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,625.72 -27.59
-1.67% To stamp out fraud, no change from suckers’ rally worth reporting
for second, third, fourth weeks of March -84 for the
first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 841.50 -17.23
-2.01% To stamp out fraud, no change from suckers’ rally worth reporting
for second, third, fourth weeks of March -52 for the
first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.41
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $892 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.76
PLATINUM $1218,30/ DOLLAR= .75 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 2.79% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still
Absolutely, Absurdly, Ridiculous!
Suckers’ rally into the close to keep the suckers’ suckered on bad news
and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Retail sales down –1.1%. ‘…The downward push came as financial stocks fell out of favor
and disappointing retail sales data led some to second guess the prospects of
retailers. Financial stocks weighed on the broader market for the entire
session and finished with a 7.7% loss. The sector's weakness was widespread,
but investment banks and brokerages (-10.7%) suffered some of the steepest
declines after Goldman Sachs (GS 115.92, -14.23) announced a $5 billion common equity
offering that was discounted from the prior session's closing price. The
offering will also prove dilutive to existing shareholders…’ Jim Rogers Says Investors
Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN
COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND
SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10
BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS
QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL
KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL
SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-ŕ-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Madman Cramer – the ultimate contrarian
indicator - CRAMER'S CALL: ANOTHER RALLY TOP
INDICATOR Greg Feirman Wow, the bulls
are really feeling good. “Wells Fargo Carries The Day” and the
S&P and Dow closed at 2 months high and the Nasdaq is near its highs for
the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View
Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We believe
investors should consider taking short term profits or use the recent run to
reduce equity exposure they are weary of. We also believe investment grade debt
(NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short Goldman Sachs
Q1: Pay Up, People Down Dealbreaker
Afterdark: Fannie Mae CEO To Head Bailout Nation UBS cuts 8,700 more jobs Let's Keep Big
Banks from Ruining America Forever (at Seeking Alpha) China's ICBC now
world's largest bank by deposits (at MarketWatch) UBS faces $1.8
billion loss, will cut almost 9,000 more jobs World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis
sees hyperinflation ahead
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(4-13-09) Dow
8,057.81 -25.57
-0.32% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,653.31 +.77
+0.00% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 858.73 +2.17 +0.01%To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $50.05
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.98 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $894.70 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.77
PLATINUM $1247/ DOLLAR= .75 EURO, 99 YEN, .67 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.86% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Suckers’ bear
market rally into the close on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Jim Rogers Says Investors
Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN
COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND
SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10
BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS
QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL
KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL
SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-ŕ-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Madman Cramer – the ultimate contrarian
indicator - CRAMER'S CALL: ANOTHER RALLY TOP
INDICATOR Greg Feirman Wow, the bulls
are really feeling good. “Wells Fargo Carries The Day” and the
S&P and Dow closed at 2 months high and the Nasdaq is near its highs for
the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View
Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup China Slows Purchases of U.S. and
Other Bonds Goldman Sachs hires law firm
to shut blogger’s site for pointing to truth about the fraud firm e Singapore economy shrinks sharply more
than expected WELLS FARGO 'May
Need $50 Billion to Pay Feds, Cover Loan Losses'... Reporters threatened with arrest for filming private Federal
Reserve building SURGE IN DELINQUENT TAXPAYERS; WASHINGTON VOWS SYMPATHY Warren Buffett's
electric car venture; CEO drinks 'battery fluid'... Goldman Sachs
mulls dilutive worthless stock sale to repay TARP money with other TARP money:
now you know where the fed trillions in part are going: report GOLDMAN SACHS
announces $5B public stock offering, reports $1.8B quarterly profit... Bailed-Out Banks Face Probe
over Fees: Report You Know Things Are Bad When Even
Newsweek Is Slamming the Obama Administration for Caving in to the Financial
Status Quo Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis
sees hyperinflation ahead SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME!
(4-9-09) Dow
8,083.38 +246.27 +3.14%To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,652.54 +61.88
+3.89% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
S&P 500 856.56 +31.40
+3.81% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $52.05
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.98 (reg. gas in LAND
OF FRUITS AND NUTS $2.33 REG./ $2.55
MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $882.20 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.33
PLATINUM $1179/ DOLLAR= .75 EURO, 100 YEN, .68 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 2.93% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Suckers’ bear
market rally into the close on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! LATE-BREAKING BULL S**T STORY FOISTED AS B.S. TALKING POINT FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO
RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?)
$3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS
COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON
HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-ŕ-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued
weakness in the financial sector, the looming deterioration of commercial real
estate, the credit markets tepid backing of the equity rally, and the still
very shaky and highly volatile global economy, it's our view at ETFdesk.com the
recent run-up in stocks is unwarranted and presents an overly optimistic view
of the months ahead. We believe investors should consider taking short term
profits or use the recent run to reduce equity exposure they are weary of. We
also believe investment grade debt (NYSEArca: LQD
- News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Market bear Roubini sticks to dour forecasts U.S. Treasury
asking banks keep quiet on stress tests Boeing warns on
Q1 profit, to cut plane output Wall Street sets 5th weekly
gain on banks, Boeing off late
U.S. Squeezes
Auto Creditors (at The Wall Street Journal Online) Nikkei comes
off 9,000, as banks hit by SMFG news Obama seeks
$83.4 billion more in 2009 war funds Bank of Japan likely to cut
economic outlook in next report
Author who predicted crisis
sees hyperinflation ahead SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS
WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(4-8-09) 7,837.11 +47.55
+0.61% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of
February -8.8% (-775) for the month of January -1%
for fourth
week of January -2.5%
for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,590.66 +29.05
+1.86% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1%
for fourth
week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
825.16 +9.61 +1.18% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -52 for the first week of March -11% for the
month of February -8.6% (-75) for the month of January -1%
for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.15
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND
OF FRUITS AND NUTS $2.25 REG./ $2.45
MID-GRADE/ $2.65 PREM./ $2.38 DIESEL)/ GOLD $884.80 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.38
PLATINUM $1187.40/ DOLLAR= .74 EURO, 99 YEN, .68 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 2.86% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely,
Absurdly, Ridiculous! Suckers’ bear
market rally into the close on worse than expected bad news and bull s**t alone
so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! LATE-BREAKING BULL S**T STORY FOR B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO
RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?)
$3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS
COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON
HAVE NOTHING TO TAX! WHAT FRAUDS! WHAT TOTAL BULL
S**T! Earnings revised downward for
first quarter –36.5%, more weakness, more unemployment, inflation to come on
fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-ŕ-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness
in the financial sector, the looming deterioration of commercial real estate,
the credit markets tepid backing of the equity rally, and the still very shaky
and highly volatile global economy, it's our view at ETFdesk.com the recent
run-up in stocks is unwarranted and presents an overly optimistic view of the
months ahead. We believe investors should consider taking short term profits or
use the recent run to reduce equity exposure they are weary of. We also believe
investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 [$$] Little
Optimism From FOMC Fed sees no
economic recovery until next year and then next year and year after that and
next year Moody's strips Berkshire Hathaway of top rating Danger lurks
behind banks' results
Reality of
worsening depression drove Fed action [$$] Morgan
Stanley to Post a Loss From Volatile, Complex Bonds (at The Wall Street Journal
Online) Bank Earnings Will Be Hit
by Consumer Woes (at TheStreet.com) Financial Crisis ‘Far From Over,’
Panel Says A Bear in Bull's Clothing:
Why This Rally Will Fall Short The Geithner-Summers Plan is Even
Worse Than Thought
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(4-7-09) 7,789.56 -186.29 -2.34% To stamp out fraud, no
change from suckers’ rally worth reporting for second, third, fourth weeks of
March -436 for the first week of March -12% for the month of February -8.8%
(-775) for the month of January -1% for
fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January
-34% for the year -1%
for the fourth week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of October Nasdaq 1,561.61
–45.10 -2.8% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March
-84 for the first week of March -7% for the month
of February -6.4% (-101) for the
month of January -1% for
fourth week of January -3.3% for third week of
January -3% for second week of January -4% for
first full week of January -41% for the year
-2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
835.48 –19.93 –2.5% To stamp out fraud, no
change from suckers’ rally worth reporting for second, third, fourth weeks of
March -52 for the first week of March
-11% for the month of February -8.6% (-75) for the
month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.15
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND
OF FRUITS AND NUTS $2.25 REG./ $2.45
MID-GRADE/ $2.65 PREM./ $2.38 DIESEL)/ GOLD $882.65 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $12.22 PLATINUM $1175/ DOLLAR= .75 EURO, 99
YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
2.90% …..… AP Business
Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Still Absolutely,
Absurdly, Ridiculous! Economics Professors: Global Crash Worse Than During First
Year of Great Depression TRENDSRESEARCH.COM GERALD CELENTE points out that trillion dollar
foreign banks got billions of taxpayer bailout funds and Goldman Sachs ceo’s,
former ceo’s, board members were among the only few limited government
personnel privy to the bailout cramdown/scheme/fraud and further, that new
‘regulation’ now permits valuation of bank assets at whatever they so
choose…disaster and 25% unemployment and hyperinflation around the corner,
DEPRESSION-level economic conditions already extent, already in depression. Bernanke’s Failed Financial Rescue Plan Fed chief
Ben Bernanke has embarked on a radical and ruinous financial rescue plan.
According to Bloomberg News, the Fed has already lent or committed $12.8
trillion trying to stabilize the financial system after the the bursting of
Wall Street’s speculative mega-bubble, so still great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Cat found alive after 5 weeks under rubble Fed's Fisher says U.S. economy grim AIG aircraft unit seeks $5 billion Fed
credit line: report Sustainable Bull Market Unlikely More Correction on the Way in This Bear
Market US Bancorp's Loan Losses Loom (at TheStreet.com) Asia Markets: Asian miners lead
regional stock tumble Alex Jones interviewed by RT:
U.S. is a puppet of private bankers TARP panel:
Financial Crisis 'Far From Over,' Govt. May Spend More than $4 Trillion... Cities Collapsing throughout the USA Hundreds of Thousands of
Unemployed Run Out of Benefits Larry Summers, Tim Geithner and
Wall Street’s ownership of government Estimated U.S. taxpayer cost
for bailout jumps Bernanke’s Failed Financial Rescue
Plan The G20 moves the world a step
closer to a global currency Soros: Dollar WIll Be Replaced By
World Currency
Bernanke’s Failed Financial Rescue Plan Fed chief Ben Bernanke has embarked on a
radical and ruinous financial rescue plan. According to Bloomberg News, the Fed
has already lent or committed $12.8 trillion trying to stabilize the financial
system after the the bursting of Wall Street’s speculative mega-bubble.
SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(4-6-09) 7,975.85 -41.74
-0.52% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -436 for the first week of
March -12% for the month of February -8.8% (-775) for
the month of January -1% for fourth week
of January -2.5% for third week of January -4% for second week
of January -5% for first full week of January -34% for the year -1% for
the fourth week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of October Nasdaq 1,606.71 -15.16 -1% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -84 for the first week of March -7% for the
month of February -6.4% (-101) for
the month of January -1% for fourth week
of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
835.48 –7.02 -1% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March -52 for the first week of
March -11% for the month of February -8.6% (-75) for
the month of January -1% for fourth week
of January
-2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $51.05
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND
OF FRUITS AND NUTS $2.25 REG./ $2.45
MID-GRADE/ $2.65 PREM./ $2.38 DIESEL)/ GOLD $874 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year
2008) / SILVER $12.20 PLATINUM $1145/ DOLLAR= .74 EURO, 100 YEN, .67 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.88% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous!
Suckers’ bear market rally into the close to finish off lows on bad news
and bull s**t alone (ie., real bad numbers though favorably fudged greeted with
reiteration ‘better than expected’, etc…riiiiight!), so still great opportunity
to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Respected banking analyst Mayo brought the lunatic frauds on wall
street back to earth predicting bank loan losses will exceed those of the Great
Depression. Mayo Says Loan Losses Will Exceed Depression Levels... ‘Despite the absence of positive catalysts
in afternoon trading, stocks were able to pare their losses. The stock market
had been down as much as 2.3%, but was able to more than cut that loss in half.
Financial
Stocks Have Run Up Too Hard, Too Fast (at Seeking Alpha) Slow down:
We're Not at the Bottom Yet U.S. deficit nearly $1
trillion in first half of FY2009 Americans Feel 15.6%
Unemployment as Unemployment Surges SOROS
SEES END OF DOLLAR AS WORLD CURRENCY... GM
Speeds Up Bankruptcy Preparations... Bernanke ‘Green Shoots’ Signals
False Spring Amid Job Losses Bush and Obama Administrations
Both Broke Law By Refusing to Close Insolvent Banks Murdoch: Long-Term Economic
Situation ‘Dangerous’; Recovery 2-3 Years Away Massive Checkpoint Operation in
Tennessee Violated Posse Comitatus, Fourth Amendment Hundreds of Thousands of
Unemployed Run Out of Benefits Larry Summers, Tiny Tim
Geithner and Wall Street’s ownership of government ‘ Mayo Says Loan Losses Will Exceed Depression Levels... Obama Economic Advisors Linked to Bankers
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(4-3-09) 8,017.59 +39.51
+0.50% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -436 for the first week of
March -12% for the month of February -8.8% (-775) for
the month of January -1% for fourth week
of January -2.5% for third week of January -4% for second week
of January -5% for first full week of January -34% for the year -1% for
the fourth week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of October Nasdaq 1,621.87 +19.24
+1.20% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of
March -7% for the month of February -6.4% (-101) for the month of
January -1% for fourth week
of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
842.50 +8.12 +0.97% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -52 for the first week of March -11% for the
month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3%
for third week of January - 5% for second
week of January -4% for first full week of January -39% for the year -2% for
the fourth week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October [CLOSE- OIL $52.51 (-54% for
year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS
AND NUTS $2.25 REG./ $2.45 MID-GRADE/
$2.65 PREM./ $2.38 DIESEL)/ GOLD $895.60
[video]
Gold Surges Stocks/Gold Comparison (+5.58% for year
2008) / SILVER $12.73 PLATINUM $1153/ DOLLAR= .74 EURO, 100 YEN, .67 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.89% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous!
Suckers’ bear market rally continues on bad news and bull s**t alone
(ie., real bad numbers though favorably fudged greeted with reiteration ‘better
than expected’, etc…riiiiight!), so still great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! 5.1 million jobs lost, -663,000
in past month, unemployment rate jumps to 8.5% and 15% for underemployed/part
time (I’m sure these data understate the far worse reality according to some
who say 15% and 20+% respectively), credit card problems/defaults to worsen
according to analyst, even service sector down, and providing insult to
injury/damage Goldman, et als using taxpayer funds for toxic assets (the real
boondoggle is the complicit multi-trillion dollar fraud concerning taxpayer
funds to bailout/coverup massive securities law violations/crimes for which
prosecution/disgorgement of gains should have already begun). Outrageous and
preposterous! U.S. jobless rate hits 25-year high Lawmaker sees Fannie, Freddie bonus
"insult" NYC protesters ask US to 'bail out the
people' (AP) Soros: Global Depression Ahead
Buchanan: We Should Kill the
Fed One in 10 Americans gets help
to buy food Ex-AIG chief: Bailout will not
succeed Unemployment in U.S. Climbed in March to 25-Year High G-20 Shapes New World Order With
Wisely Lesser Role for u.s., u.s. Markets -663,000:
Unemployment Rate Reaches 25-Year High of 8.5%... 1 in every 10 Americans
receive food stamps...
Buchanan: We Should Kill the Fed Patrick J. Buchanan | Hoover did
what Obama is doing.
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
(4-2-09) 7,978.08 +216.48 +2.79% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -436 for the first week of March -12%
for the month of February -8.8% (-775) for
the month of January -1% for fourth week
of January -2.5% for third week of January -4% for second week
of January -5% for first full week of January -34% for the year -1% for
the fourth week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of October Nasdaq 1,602.63 +51.03
+3.29% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -84 for the first week of
March -7% for the month of February -6.4% (-101) for the month of
January -1% for fourth week
of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
834.38 +23.30 +2.87% To stamp out fraud,
no change from suckers’ rally worth reporting for second, third, fourth weeks
of March -52 for the first week of March -11% for the
month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3%
for third week of January - 5% for second
week of January -4% for first full week of January -39% for the year -2% for
the fourth week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October [CLOSE- OIL $52.65 (-54% for
year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS
AND NUTS $2.25 REG./ $2.45 MID-GRADE/
$2.65 PREM./ $2.38 DIESEL)/ GOLD $907.40
[video]
Gold Surges Stocks/Gold Comparison (+5.58% for year
2008) / SILVER $13.03 PLATINUM $1165/ DOLLAR= .74 EURO, 98 YEN, .67 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.74% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous!
Suckers’ bear market rally based upon decisively bad news (26 Year High as New US jobless claims hit
669,000 in week , except for fake government reports by corrupt scandal-scarred commerce
department on manufacturing/index up 1.8% though almost all private forecasts
saw decline, etc.), in addition to funny money the frauds on wall street
applauded the funny assets courtesy of f.a.s.b. (there are no accounting
standards in the u.s.), which makes for wall street style securities fraud as now
and in the past (fed also pumped in another $23 billion in last 3 days to fuel
same, despite earnings going down and stock prices soaring with
stratospherically high p/e ratios). Analyst/fund manager Najarian ‘taking a lot
off the table’ (selling), while Analyst/fund manager Farr/Miller who called
this bear market rally see’s test of the lows, so if you don’t celebrate All
Fools’ Day (you’re not a fool) you’ll continue to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! New US jobless claims hit 669,000 in week WASHPOST: Before Crisis, Geithner Fell Short; He regulated
banks... Outstanding Credit Default Swaps
Down to “Only” About Twice America’s GDP Layoffs rise
despite hope recession is easing (AP) G-20 to give $1 trillion to IMF, World Bank UN chief says crisis could
result in failed states Tax dodgers multiply as
underground economy cushions job cuts The Wall Street
Journal Criticizes Capitol Hill Bonuses (and don’t forget the raises) (at
Seeking Alpha) Inflationary
Depression Dr.
Marc Faber runs his own business, Marc Faber Limited, which acts as an
investment advisor and fund manager. He publishes a widely read monthly
investment newsletters The Gloom Boom & Doom report which highlights
unusual investment opportunities, and is the author of several books including
Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and
highlights future investment opportunities around the world. Watchdogs:
Treasury won't disclose bank bailout details.(I think it’s obvious they’re
covering up the substantial securities fraud, using taxpayer money to do so, as
yet there’s not even one prosecution which makes the government complicit,
after the fact, in consummating the fraud) ... SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(4-1-09) 7,761.60
+152.68 +2.01% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -436 for the first week of
March -12% for the month of February -8.8% (-775) for
the month of January -1% for fourth week
of January -2.5% for third week of January -4% for second week
of January -5% for first full week of January -34% for the year -1% for
the fourth week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of October Nasdaq 1,551.60
+23.01 +1.51% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March -84 for the first week of
March -7% for the month of February -6.4% (-101) for the month of
January -1% for fourth week
of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
811.08 +13.21 +1.66% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March -52 for the first week of
March -11% for the month of February -8.6% (-75) for
the month of January -1% for fourth week
of January
-2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $48.39 (-54% for year 2008) (RECORD TRADING HIGH
$147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS $2.20 REG./ $2.38 MID-GRADE/ $2.58 PREM./
$2.38 DIESEL)/ GOLD $926.10 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year
2008) / SILVER $13.05 PLATINUM $1135/ DOLLAR= .75 EURO, 98 YEN, .69 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.65% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous!
Suckers’ bear market rally into the close with 250 point swing to the
upside based on decisively bad news and bull s**t alone, viz., better than
dismal expectations…I don’t think so! …That dog don’t hunt no more…remember the
last market burn and that similar refrain among others, and the ever
indecipherable to most, that infamous tech sector will save us
(bust)…riiiiight! Oh wait, I get it.
April Fools Day, as in ‘fool you once, shame on them, fool you twice, thrice,
etc., …shame on you’. How ‘bout all fools day.
U.S. private sector axes
742,000 jobs in March March auto sales
plunge... U.S. seen facing danger of 2nd recession next
year or stated another more realistic way, the depression though flush with
ever more worthless weimar dollars providing ephemeral b.s. talking points of
happy days are here again will be exacerbated thereby and continue with a
vengeance r So, SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
AIG crisis could be the tip of an
insurance iceberg U.S. Spending 100% of GDP on Bailouts
and Related Programs Watchdogs:
Treasury won't disclose bank bailout details.(I think it’s obvious they’re
covering up the substantial securities fraud, using taxpayer money to do so, as
yet there’s not even one prosecution which makes the government complicit,
after the fact, in consummating the fraud) ... U.S. private sector axes 742,000 jobs in
March March auto sales plunge... U.S. seen facing danger of 2nd recession next
year or stated another more realistic way, the depression though flush with
ever more worthless weimar dollars providing ephemeral b.s. talking points of happy
days are here again will be exacerbated thereby and continue with a
vengeance r Financial Rescue Nears GDP
as Pledges Top $12.8 Trillion U.S. auto sales plunge, but bottom not
yet near "Hurt, Frightened and Very Angry:"
Risk of Social Unrest Rising, Says FT's Martin Wolf [$$] Accounting Rules
Should Avoid Impairment (at The Wall Street Journal Online) Nightmare on Wall Street Destination Collapse Foreclosure Crisis Hits Warp
Speed: 6 Million Families Face Losing Their Homes in the Next Three Years
SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH,
MUCH WORSE TO COME!
(3-31-09) 7,608.92 +86.90
+1.16% To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week
of January -2.5% for third week of January -4% for second week
of January -5% for first full week of January -34% for the year -1% for
the fourth week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of October Nasdaq 1,528.59 +26.79
+1.78% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March -84 for the first week of
March -7% for the month of February -6.4% (-101) for the month of
January -1% for fourth week
of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October
797.87 +10.34 +1.31% To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March -52 for the first week of March -11% for the
month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3%
for third week of January - 5% for second
week of January -4% for first full week of January -39% for the year -2% for
the fourth week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of November.
-18% for October [CLOSE- OIL $49.66 (-54% for
year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS
AND NUTS $2.20 REG./ $2.38 MID-GRADE/
$2.58 PREM./ $2.38 DIESEL)/ GOLD $922.65 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year
2008) / SILVER $12.98 PLATINUM $1120/ DOLLAR= .75 EURO, 98 YEN, .69 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.68% …..…
AP Business Highlights
… ...Yahoo Market Update...
] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous!
Suckers’ bear market rally continues to keep suckers suckered and
commission dollars flowing by window-dressing this past month (and quarter)
with gains based on bad news and hence bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market
Rally All news
decisively negative with prospectively negative implications as the
jawboners/frauds talk up that ever elusive bottom for stocks/real estate
despite reality indicating otherwise [have you noticed the wide divergence of
private reports (though somewhat skewed to the upside because of flawed/fake
data they must rely upon from the government) as opposed to false government
reports]. Confidence near historically record lows and Case/Shiller index
showing declining real estate values (-19.4%)
Home Prices in 20 U.S. Cities
Fell by a Record 19% with declines at highest rate on record Global
Meltdown, Part III $$] It's Only
Window-Dressing Why This Is
Just Another Bear Market Rally An Autopsy of the
Glass-Steagall Act U.S. Spending 100% of GDP on
Bailouts and Related Programs TARP Watchdog: “We Do Not Seem To Be A Priority For The
Treasury Department” NEWS BROKE:
SUN-TIMES Files For Bankruptcy, Both Major Chicago Dailies Now In Chapter 11... Ontario, CA, Tent City Residents
Required to Wear Wristbands Government website now offers
’suicide warning signs’ for victims of recession . SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Today
NOBEL PRIZE WINNING
ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE Financial terrorism: US taxpayers bail out Wall Street
criminals $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed RICO Summary under penalty
of perjury to the FBI at their request Reality overthrows ‘history’s actors’ Report
confirms Israel’s nuclear arsenal Roubini: Rate Cuts Temporarily and Minimally Reduce Crash
Risk, But Dow 7,000 Likely 'Sometime Next Year' Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 The
Crumbling U.S. Economy, Worse is Yet to Come Worst slump since Great Depression Rapid Downward
Revisions in Expected Economic Growth Recession
Will Last At Least Two Years: Roubini Recession Now: It's Deep and It's Going to Last a Long Time,
Sonders Says Economist Roubini Predicts Hedge Fund Failures, Panic,
Closed Markets Markets Nosedive on Grim
Economic News Evil Wall Street Exports Boomed With `Fools’ Born to Buy
Debt More
from Grantham: S&P to 585. He called the bubble, how could anyone doubt his
valuation (although even lower is more realistic)? U.S.
Economy: GDP Shrinks (even with fake better than expected GDP numbers from
corrupt commerce department) at Fastest Pace Since 2001 Credit-Default Swaps on US Treasuries Have Risen Nearly 40
Percent Since Bailout Law Signed; Now About the Same as on Mexican and Thai
Government Debt america’s credit rating will be downgraded Where'd the bailout money go? Shhhh, it's a secret fraud (AP) ECONOMICS GURU:
WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC... 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 Cost Of Bailout Hits $8.5
Trillion Worst is yet to come for economy 'Crisis Only Just Beginning': Crisis/Video Right About the
Crash, Peter Schiff Sees More Pain Ahead The Great Depression of the
21st Century: Collapse of the Real Economy “The Dollar Standard Is Coming
To An End” Busted
in Washington CIA Adds Economy To Threat
Updates Financial Disaster Will Lead to Civil Disorder in 2009 or
2010, Says Secret Citibank Memo Renowned
economist Mikhail Khazin : U.S. will soon face second “Great Depression” America Has No Means to Recover from a Depression US budget
deficit to reach USD 1 trillion Jim Rogers calls most big U.S. banks “bankrupt” BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Citadel suspends redemptions from two hedge funds World faces “total” financial meltdown: Bank of Spain chief Check This Graph-Proof we are going into a Great
Depression. Notice MASSIVE job losses. Is there really any doubt any longer? Paulson Was Behind Bailout Martial Law Threat Fed Hides
Destination Of $2 Trillion In Bailout Money Another Prominent
Economist Forecasts Depression, Says Gold To Hit $2000 Fed Secretly
Lends $2 Trillion to Banksters without Oversight Depression Unrest Turmoil
Instability Riots all coming and SOON 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 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 WORLD TO STAY IN SLUMP 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 Not Just a Few Bad Apples - Corruption is Systemic in
America 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP RECORD: NATIONAL DEBT HITS $11 TRILLION...
US Depression -The Truth Is Here
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
Gerald Celente Predicts
Economic Armageddon by 2012 This DEPRESSION will last
23-26 YEARS! Government is POWERLESS! Trendsresearch.com forecast for 2009 What the Pros Say: US Is Now
‘Bankrupt’ ‘WORST ECONOMIC COLLAPSE EVER’
Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Celente: U.S. Has Entered “The
Greatest Depression” July 14, 2009
7-2-09
America’s Effective Unemployment Rate at 18.7%? US loses
467,000 jobs, unemployment at 9.5% 'We're in the
Middle of a Crash': Black Swan... U.S. job losses
spike in June, dampen recovery hopes Bank earnings
to be hit by higher bad loans MORGAN STANLEY May Post
Another Loss ... Senate bill
fines people refusing health coverage (AP) Banksters Love
Cap-and-Trade An Economy Bigger than Russia, Brazil, Canada, India or
Spain Is About to Default
Al-Sadr
demands full U.S. withdrawal from Iraq Helen
Thomas: Not Even Nixon Tried to Control the Media Like Obama Western
Governments Funding Taliban & Al-Qaeda To Kill U.S. Troops, Destabilize
Countries Bureaucrats
Will Carry Out Mandatory Home Inspections Under Climate Bill The
Truth Behind The Iraq “Sovereignty” Propaganda Amnesty details
Gaza ‘war crimes’
DRUDGEREPORT : 'We're in the Middle of a
Crash': Black Swan...
Congress's Travel Tab
Swells...
Spending on
Taxpayer-Funded Trips Rises Tenfold...
From Italy to
the Galápagos...
NY City Apartment Sales Down Over 50%...
American soldier
captured in Afghanistan...
Marines suffer first
casualties in Afghan campaign...
Mortgage applications fall to
7-month low...
Private sector sheds another
473,000 jobs in June...
'Layoffs may be worsening'...
Deficit forces California to
issue IOUs...
States brace for shutdowns...
Federal Drug Agents Asked to
Join Michael Jackson Death Probe...
Home prices post 18% annual
drop...
Second autopsy completed at
the request of Jackson's family...
Los Angeles Prepares for
Massive Memorial Service...
Doctor hires an attorney...
Was taking up to 3 powerful narcotic pain relievers at same time...
Developing...
PLOT THICKENS: Police focus
on medical treatment...
A LETHAL JAB: 'Collapsed
after an injection of potent Demerol'...
WEEKS AWAY FROM
LONDON 'COMEBACK'...
Paramedics spent 42
minutes trying to resuscitate...
'Was home alone for some time before help
arrived'...
JACKSON FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING
HIM, ABUSE OF PRESCRIPTION DRUGS'... WIRE... FINAL PHOTO...
JACKSON
'WAS UNABLE TO SING'
'I'm better off dead. I'm done': How Michael
Jackson predicted his death six months ago By Ian
Halperin
Last updated at 2:08 AM on 28th June 2009
- Genetic
condition had ruined his lungs and left him unable to sing
- He
became so skeletal, doctors believed he was anorexic
- He
had nightmares about being murdered – and wanted to die
- He
used swine flu as an excuse to avoid coming to England
- He
thought he was agreeing to 10 concerts – it was 50
Whatever the final autopsy results reveal, it
was greed that killed Michael Jackson. Had he not been driven – by a cabal of
bankers, agents, doctors and advisers – to commit to the gruelling 50 concerts
in London’s O2 Arena, I believe he would still be alive today. During the last
weeks and months of his life, Jackson made desperate attempts to prepare for
the concert series scheduled for next month – a series that would have earned
millions for the singer and his entourage, but which he could never have
completed, not mentally, and not physically…
JACKSON 'WAS UNABLE TO
SING'...
Grief turns to anger for
fans...
NANNY REVEALS TRAGIC SECRET:
'I had to pump his stomach many times'...
"The horrifying state of pop superstar Michael Jackson in
his final days can be revealed by The Sun today," the tabloid article
began (disavowed by coroner). "Harrowing leaked autopsy details show the
singer was a virtual skeleton -- barely eating and with only pills in his
stomach at the time he died." According to The Sun, Jackson's hips, thighs
and shoulders were riddled with needle wounds believed to be the result of
injections of narcotic painkillers given
three times a day for years. The newspaper also claimed that Jackson, at
5 feet 10, had become severely emaciated and weighed about 112 pounds. It said
that pathologists found his stomach empty, aside from partially dissolved
pills. Additionally, according to The Sun, Jackson was wearing a wig when he
died. The newspaper quoted pathologists as saying little more than "peach
fuzz" covered his scalp.
· Amnesty
says Israel "wantonly" destroyed Gaza (Reuters) - Reuters
- Amnesty International said on Thursday Israel inflicted "wanton
destruction" in the Gaza Strip in attacks that often targeted Palestinian
civilians during an offensive in December and Januar...
· Amnesty
accuses Israel, Hamas of Gaza war crimes (AP) - AP - Amnesty
International accused Israel and Palestinian militants of war crimes Thursday
in the most comprehensive report on the recent Gaza war. Both sides rejected
the findings.
· Amnesty
accuses Israel of using human shields in Gaza (AFP) - AFP
- Amnesty accused Israeli forces on Thursday of war crimes in Gaza, saying they
used children as human shields and conducted wanton attacks on civilians, in a
report rejected as "unbalanced" by Is...
Israeli Army committed war crimes: Amnesty
Editorial: Gaza war inquiry
Pirates of the
Mediterranean Paul Craig Roberts | Israel, of course, will
get away with a mere act of piracy. After all, Israel has been getting away
with its war crimes and violations of international law for 60 years.
israel used drones to kill Palestinians: HRW Tripartite summit in Egypt Between principle and necessity Israel
Kidnaps Cynthia McKinney, Human Rights Workers Israel
threatens to shoot international activists The postwar humanitarian crisis in
Gaza takes a turn for the worse with the Israeli Navy intercepting a relief
ship headed toward the coastal strip.
Reward
for occupiers Editorial:
The Gaza ghetto Iraq
War: Not another whitewash please!
Israeli
Prisons: Are Palestinian Children Abused? (Time.com) Time.com
- A report castigates Israeli authorities for the treatment of young boys taken
into custody for throwing rocks at soldiers -- and a wall
UN
rights mission hears of Gaza children's suffering (AFP) AFP -
A UN human rights mission listened to testimony about the suffering of children
in the Gaza Strip on Monday before wrapping up two days of public hearings into
alleged Israeli war crimes.
Israel
to build 50 new homes at West Bank settlement ignoring u.s. request despite the
same being u.s. money financing same (Reuters)
US, Israel behind Iran vote-rigging rumors: Ejei
Israel told to freeze settlements
Fed
Tried to Cover-up Its Involvement in Bank of America-Merrill Deal Reuters | Ben Bernanke
and the Federal Reserve made inappropriate threats to fire Bank of America management
unless they went ahead with the ’shotgun wedding’ that was the Merrill Lynch
acquisition.
International
Bailout Brings Us Closer to Economic Collapse Ron
Paul | From their spending habits, an economic collapse seems to be
the goal of Congress and this administration.
The Fed's Merrill Secrets (at Forbes.com)
Bernanke must convince Congress this Fed didn't hide Merrill's losses from
other regulators or Bank of America. The Federal Reserve kept other regulators
in the dark about problems with Bank of America's purchase of Merrill Lynch and
scrambled to prevent the public disclosure of large losses at Merrill before a
scheduled late-January earnings announcement, according to excerpts of e-mails
released Wednesday...Lewis contends he became aware of more than $15 billion of
losses in mid December, after shareholders signed off on the deal. He called
the Fed and Treasury and raised the possibility of walking away from the table
using the adverse change clause. As the story now goes, the Fed and Treasury
persuaded him not to invoke the clause. This is another issue yet to be
determined: Did Lewis betray his shareholders by acquiescing to the wishes of
regulators?...
Rights
group: Israeli binding practices constitute torture
Tribal
Leader Who Revealed Taliban Israeli-U.S. Links Assassinated
israeli police humiliate
Palestinians in video (AFP)
Mubarak says time is right
for Arab-Israeli peace (Reuters) Videos show how Palestinians are humiliated
IT'S
ON: W SLAMS O…How can this be? War criminal bush should be in jail (with
cheney)…He’s destroyed this country among others and as well, to prove he’s an
absolute fool and a boob, destroyed the republican party…Do you recall his push
for social security invested in the stock market before the crash…Just imagine
the consequences…the bush crime family should be forced into exile!
israel: Road map to nowhere
Iran
accuses US of meddling after disputed vote (AP)
Editorial: Another attempt at cover-up
israeli minister’s remarks flayed
Hamas accepts Israel with 1967 borders
Editorial: Shaping new economic order
Typical sick jew teen
charged in string of cat killings (AP) … future israeli war criminal
or serial killer …Tyler Hayes Weinman, whose divorced parents live in
the neighborhoods where many of the cats were killed, was charged Sunday with
19 counts each of animal cruelty and improperly
disposing of an animal body. Louis B. Schlesinger, a professor of forensic
psychology at John Jay College of Criminal Justice
in New York, said cat killings are committed by
"psychotic individuals," and are usually solo acts. He said the
teenager should be evaluated, and he expected court officials to take the
matter seriously. "When you kill cats, disembowel them and cut their heads
off, that is not a good sign and you do not have to be Sigmund
Freud to see that," he said. …Police said they investigated more
than 30 cat deaths since May and were flooded with tips from concerned citizens
…Authorities said Weinman was spending his summer
doing odd jobs. He was twice arrested as a juvenile, though they said they could
not provide details…
US and Israel on collision course: Carter
Editorial: UN team and Gaza probe
Netanayahu draws Arab anger for setting
typically unworkable terms
War crimes in Gaza: israel defies UN again
‘Palestinian state only option’
US ship survivors tell Press TV of Israeli attack A
deadly Israeli attack on a US ship — an incident largely kept in the dark by
Washington — receives new attention with survivors reliving the painful memory.
Poll: Israeli gov’t
most corrupt in world
Loud barking, will they bite? Consonant with reality, israel is as they should be in the
international doghouse. The Israeli government’s reluctance to progress toward
a two-state solution, its demolitions in East Jerusalem, and its continued
expansion of Jewish settlements...
Report Ties Dubious Iran Nuclear Docs to Israel Gareth Porter | New evidence that Israeli intelligence was the
source of the collection of intelligence documents which have been used to
accuse Iran of hiding nuclear weapons research.
Middle East: Time for action American Muslims welcome president's 'tone of
peace' Editorial: Now is time for Obama to act
Inevitability owing to their militant/illegal policies
leads israel to begin “Doomsday” Drill
Netanyahu says no to settlement freeze
Obama wisely backs Palestinian state Editorial: US, Israel and Palestinians
Obama calls on Israel to halt
settlements...
Amnesty: Israel repeatedly violated rules of
war in Gaza
israel threatening
Iran with their illegal ‘nukes’
israeli talks typically
false offer useless without Golan: Syria (Reuters)
WHO urges war crimes nation
israel to lift Gaza blockade (AFP) WHO urges Israel to lift
Gaza blockade
Israeli government too
extreme to make peace: Syria's Assad (Reuters)
Sarkozy says Palestinian
state vital to Mideast peace (AFP)
Israel to ban Naqba
commemoration (AFP)
Netanyahu defies Obama on
Israeli settlement freeze (Reuters)
Occupiers can change nationality, says Qorei
RAMALLAH: Ahmed Qorei, the head of Palestinian
negotiating team with Israel, said that Jewish occupiers could live under
Palestinian law and can become Palestinian citizens. “(Former US Secretary...
Amman protests Israeli idea depicting Jordan
home for Palestinians
Israel preparing ‘classic’ war because that’s what they
do…war
Israel to ignite all-out regional war…Is there anyone who
rationally doubts the need to eliminate/exterminate nazionist israel/israelis
for the sake of world peace and justice?
israeli talks typically
false offer useless without Golan: Syria (Reuters)
WHO urges war crimes nation
israel to lift Gaza blockade (AFP)
Two Palestinian activists
killed in cold blood by israeli forces near Gaza Strip (AFP)
‘Probe of war crimes goes on without israeli
OK’
israel ready for peace talks for the umteenth
time…..riiiiight! : netanayahu
israeli response to u.s.
entreaties for mideast peace: israeli warplanes bomb Hamas target, Gaza tunnels
(Reuters)
If america is serious and not just as always posturing for the cameras, they
certainly have the clout with Israel to force the long overdue peace which is
coincidentally in u.s. interest as well as that of the world.
US pushes for halt to
Jewish settlements (AFP) US officials press Israeli
leader on Mideast peace (AP)
Editorial: Obama should force Israel to act
For decades, the chasm between words and deeds has been the
root cause of the continued nonexistence of a Palestinian state and the
Israelis’ ability to treat international views on the matter with...
‘Iran has hard
evidence of Israeli war crimes’ A
representative to the Leader says Iran has gathered ‘thousands of documents’
which testify to Israeli atrocities in Palestine.
Panetta: israel knows
launching attack against Iran would mean 'big trouble'...
Harman begins to
backtrack denials of wiretap story The California
Democrat who was allegedly caught on an FBI wiretap promising to aid accused
Israeli spies in 2005 has begun walking back her original denials.
Harman and AIPAC: More Evidence of Massive Government
Corruption Kurt Nimmo | If the AIPAC
operatives are convicted, treason charges against Harman should not be ruled
out.
israeli parliament member in
letter to Rahm Emanuel: 'Don't forget you're jewish!'...
Wiretap reveals reach of US pro-Israel lobby
WASHINGTON: Rep. Jane Harman, the California Democrat with
longtime involvement in intelligence issues, was overheard on a National
Security Agency (NSA) wiretap telling “a suspected israeli agent”...
GENEVA – Dozens of Failed Western
diplomats walked out of a U.N. conference and a pair of rainbow-wigged
protesters threw their fitting clown noses in the air Monday when the
truth-speaking leader of Iran called israel the
"most cruel and repressive racist regime."…
British racist hypocrits/zionists joined a
dramatic diplomatic walkout today when President Ahmadinejad of Iran told the
truth in a major UN conference against racism that the racist state of israel
had been founded “on the pretext of jewish suffering” during the Second World
War. brits are out
to lunch (look at England-big brotherly pathetic)! Come on! People may differ
regarding the holocaust ( what about Armenians, American Indians, Russians and
Poles in WWII, etc.), but clearly israel’s war crimes are ignored and clearly
they truly are a brutal and racist regime and illegally have nuclear weapons
and are a u.s. funded bully/war criminal nation in the mid-east. When truth is hard to digest
israel in search of
‘anti-heroes’ to bomb Iran
Olmert charged with war crimes
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
Freedom
and its absence in Lebanon and the USA
The Lebanese elections are due to
be held shortly, and emotions are high by many Lebanese who see great stake in
who wins and looses
Regional, Analysis, 6/1/2009
Maharat
Foundation launches report on the status of freedom of speech and
The journalists were critical of their work circumstances and complained
about the lack of freedom in their institutions
Lebanon, Politics, 6/1/2009
Obama
seeks enhanced engagement with the Middle East
Obama begins his trip June 3 in Riyadh, Saudi Arabia, for consultations
with King Abdullah on issues including the Middle East peace process, energy
and terrorism
Regional-USA, Politics, 6/1/2009
Writer
and journalist Kilo released in Syria
Reporters Without Borders spoke of the writer and journalist Michel
Kilo's being released at 11 p.m. (local time) on 19 May 2009 from the Damascus
headquarters of the intelligence services, where he had been held and
interrogated for the previous five days.
Syria, Politics, 6/1/2009
Previously
abducted Egyptian blogger harassed by police
The Arabic Network for Human Rights Information (ANHRI) spoke of the
threats by State Security agents to blogger Dia Eddin Gad, owner of the blog
"Angry voice"
Egypt, Politics, 6/1/2009
Harassment
of pro-Hamas journalists by West Bank security
harassment of pro-Hamas journalists by West Bank security services, in
particular the arrests of Al-Aqsa TV cameraman Oussid Amarena and
"Filasteen" bureau chief Mustapha Sabri in the past 11 days
Palestine, Politics, 6/1/2009
Israel
stunned at US firmness on freezing settlements
"Tensions between the USA and Israel are growing after the US
administration's demand that Israel completely freeze construction in all
Jewish colonies in the West Bank," Haaretz Israeli daily said, Sunday.
Palestine-Israel-USA, Politics, 6/1/2009
Iran
views on Lebanon elections and US policy
Iran's Minister of Foreign affairs said today "we have waited till
today, and are still patiently waiting to see new US government's practical
steps (in right direction)."
Lebanon-Iran-USA, Politics, 6/1/2009
Blair
questioned on work as Middle East envoy
The committee warned that the projects must facilitate the creation of a
viable contiguous Palestinian state, while criticizing the continuing expansion
of illegal Israeli settlement. The Quartet was also criticized for not pressing
Israel to ease its inhuman siege of Gaza.
Palestine-Israel-UK, Politics, 6/1/2009
Sarkozy
: Palestinian state is a 'legitimate right'
Sarkozy told the official UAE's news agency WAM, 'no one would think
seriously about peace in the Middle East without giving the Palestinians a
state they have been persevering for years. It is their legitimate right.'
Palestine-Israel-France, Politics, 6/1/2009
News from around the web:
Berri: Lebanese will show support for
Resistance - Daily Star
Lebanon, Politics, 6/1/2009
Rival Lebanon camps postpone defence talks - Yahoo! News
Lebanon, Politics, 6/1/2009
In Lebanon’s Patchwork, a Focus on
Armenians’ Political Might - NY Times
Lebanon, Politics, 6/1/2009
Major security plan drawn up for
election day - Baroud - Daily Star
Lebanon, Politics, 6/1/2009
Lebanese elections: When faking
democracy works - Daily Star
Lebanon, Politics, 6/1/2009
U.S. Weighs Tactics on Israeli
Settlement - NY Times
Palestine-Israel-USA, Politics, 6/1/2009
Palestinian Authority Forces Battle
Hamas Fighters in West Bank; 6 Killed - WashingtonPost.com
Palestine, Politics, 6/1/2009
Netanyahu defies Obama call for
settlement freeze - WashingtonPost.com
Palestine-Israel-USA, Politics, 6/1/2009
Iraqi lawmakers demand halt to Kuwait reparations
- Yahoo! News
Iraq-Kuwait, Politics, 6/1/2009
Kurds begin exporting oil in boost
Iraqi revenues and their political clout - LA Times
Iraq, Politics, 6/1/2009
Allotting of Iraqi Oil Rights May
Stoke Hostility - NY Times
Iraq, Politics, 6/1/2009
In Iraq, Assertive Parliament Emerges
Under New Speaker - WashingtonPost.com
Iraq, Politics, 6/1/2009
Hezbollah Says It Is Talking to
European Union and I.M.F. - NY Times
Lebanon-European Union, Politics, 6/1/2009
Justice Dept. Backs Saudi Royal
Family on 9/11 Lawsuit - NY Times
Saudi Arabia-USA, Politics, 6/1/2009
7-1-09
Mortgage
applications fall to 7-month low... Private sector sheds another
473,000 jobs in June... 'Layoffs may be
worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online)
US private
sector sheds 473,000 more jobs in June U.S. private employers cut 473,000
jobs in June, more than expected but down from the 485,000 jobs lost in May, a
report by a private employment service said on Wednesday.
Stewart:
CIA hopes Wall St. geniuses will help other ‘calm, stable countries to
collapse’ Jon Stewart wants to know
why the CIA is recruiting former Wall Street bankers.
Gerald
Celente on the Cap and Trade Scam Infowars | Gerald
Celente interviewed on FOX Business.
Homeland Security and U.S. Army Plan Invasion of States The CIA’s Swine Flu & Your Plastic FEMA Coffin Beck and Former CIA Employee Agree: U.S. Needs to be Hit
by al-Qaeda
Color Revolutions, Old
and New Stephen Lendman
| Belgrade was the prototype for Washington-instigated color revolutions to
follow.
Murdoch
CEO Labels Bloggers “Political Extremists” Paul Joseph Watson
| John Hartigan laments how bloggers are not sent to jail like in China or
Burma.
FEMA,
Israeli Defense Forces Home Front Command Partner for Martial Law Kurt
Nimmo | The Israeli National Emergency Management Authority and FEMA
partnership was established under a 2007 Memorandum of Understanding with the
DHS.
Rasmussen:
Obama Disapproval Rating Matches Lowest Level Recorded Rasmussen
Reports | Thirty-three percent (33%) Strongly Disapprove giving Obama
a Presidential Approval Index rating of -2. That matches the lowest level yet
recorded.
US
remains silent over McKinney arrest by Israel Nearly a day after the
detention of former US lawmaker Cynthia McKinney by Israeli forces, Washington
has yet to make a reaction.
Pirates of the
Mediterranean Paul Craig Roberts | Israel, of course, will
get away with a mere act of piracy. After all, Israel has been getting away
with its war crimes and violations of international law for 60 years.
DRUDGEREPORT : Mortgage applications fall to
7-month low...
Private sector sheds another
473,000 jobs in June...
'Layoffs may be worsening'...
Deficit forces California to
issue IOUs...
States brace for shutdowns...
Federal Drug Agents Asked to
Join Michael Jackson Death Probe...
Home prices post 18% annual
drop...
Second autopsy completed at
the request of Jackson's family...
Los Angeles Prepares for
Massive Memorial Service...
Doctor hires an attorney...
Was taking up to 3 powerful narcotic pain relievers at same time...
Developing...
PLOT THICKENS: Police focus
on medical treatment...
A LETHAL JAB: 'Collapsed
after an injection of potent Demerol'...
WEEKS AWAY FROM
LONDON 'COMEBACK'...
Paramedics spent 42
minutes trying to resuscitate...
'Was home alone for some time before help
arrived'...
JACKSON FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING
HIM, ABUSE OF PRESCRIPTION DRUGS'... WIRE... FINAL PHOTO...
JACKSON
'WAS UNABLE TO SING'
'I'm better off dead. I'm done': How Michael
Jackson predicted his death six months ago By Ian
Halperin
Last updated at 2:08 AM on 28th June 2009
- Genetic
condition had ruined his lungs and left him unable to sing
- He
became so skeletal, doctors believed he was anorexic
- He
had nightmares about being murdered – and wanted to die
- He
used swine flu as an excuse to avoid coming to England
- He
thought he was agreeing to 10 concerts – it was 50
Whatever the final autopsy results reveal, it
was greed that killed Michael Jackson. Had he not been driven – by a cabal of
bankers, agents, doctors and advisers – to commit to the gruelling 50 concerts
in London’s O2 Arena, I believe he would still be alive today. During the last
weeks and months of his life, Jackson made desperate attempts to prepare for
the concert series scheduled for next month – a series that would have earned
millions for the singer and his entourage, but which he could never have
completed, not mentally, and not physically…
JACKSON
'WAS UNABLE TO SING'...
Grief
turns to anger for fans...
NANNY
REVEALS TRAGIC SECRET: 'I had to pump his stomach many times'...
"The horrifying state of pop superstar Michael Jackson in
his final days can be revealed by The Sun today," the tabloid article
began (disavowed by coroner). "Harrowing leaked autopsy details show the
singer was a virtual skeleton -- barely eating and with only pills in his stomach
at the time he died." According to The Sun, Jackson's hips, thighs and
shoulders were riddled with needle wounds believed to be the result of
injections of narcotic painkillers given
three times a day for years. The newspaper also claimed that Jackson, at
5 feet 10, had become severely emaciated and weighed about 112 pounds. It said
that pathologists found his stomach empty, aside from partially dissolved
pills. Additionally, according to The Sun, Jackson was wearing a wig when he
died. The newspaper quoted pathologists as saying little more than "peach
fuzz" covered his scalp.
6-30-09
Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets Can credit default swaps be abolished - Washington’s Blog | The U.S. economy is not “the most vibrant and flexible in
the world”. It is the most broke in the world. Did you know that ?
Gloomy
U.S. consumers clip housing recovery hopes Reuters |
Billionaire investor George Soros added to the cautionary tone, saying fears of
inflation would drive up borrowing costs and choke off growth once financial
markets recover.
Debasing
the Currency is Leading to Financial Collapse . . . Just As It Has for
Thousands of Years In a fascinating 22-page study of money and currency,
Christopher Weber shows that every government - from Athens, to pre-collapse
Rome, to the Islamic countries in the Middle Ages - which stuck to the Greek
standard of coins has been stable and prosperous.
Can credit
default swaps be abolished? Washington’s Blog | The U.S.
economy is not “the most vibrant and flexible in the world”. It is the most
broke in the world.
Worldwide
Depression: Review of Global Markets Bob Chapman | As you
have already seen this is a worldwide depression and no one will escape.
Cap and
Trade Will Lead to Capital Flight Ron Paul | The Cap and
Trade Bill HR 2454 was voted on last Friday. Proponents claim this bill will
help the environment, but what it really does is put another nail in the
economy’s coffin.
Poll
finds Alan Greenspan to blame for credit crisis Greedy bankers are
routinely blamed for the credit crisis but one British-based poll of — well,
financiers — spreads the blame more widely.
Ron
Paul’s ‘Audit the Fed’ Bill Gathers Steam CQ | Paul’s
legislation, popularly known as the “Audit the Fed” bill, has drawn 244
cosponsors, ranging from Republican floor leader John A. Boehner to Democratic
chairman of the Judiciary Committee John Conyers Jr.
Alex
Jones: Obama Breaks Promise Not to Raise Taxes on Middle Class Infowars
| Obama reveals his contempt for the American people by issuing signing
statements, even though he said during the election he would not.
Rasmussen: Obama Disapproval Rating Matches Lowest Level
Recorded
International
Bailout Brings Us Closer to Economic Collapse Ron Paul |
In an affront to all those who thought they voted for a peace candidate, the
current president will be sending another $106 billion to Afghanistan and Iraq.
The two party
system has failed America Shawn Connors | Our ranking two
party politicians can no longer be trusted because they are not making
decisions in our interest. World bankers, corporations, and elitists
with an agenda have infiltrated our government. These two party
politicians are puppets.
The
Truth Behind The Iraq “Sovereignty” Propaganda The corporate media is getting
all giddy and affording blanket coverage to the story of Iraqis who are
“regaining their sovereignty” as U.S. troops are pulled out from Iraqi cities.
This is of course lurid and baseless propaganda - hundreds of thousands of U.S.
troops will remain in Iraq stationed at the dozens of military bases that have
been built across the country.
DRUDGEREPORT: NKorean Ship Reverses
Course...
Zelaya vows return to
Honduras despite arrest threat...
*Ousted leader likely to meet
US officials...
**Zelaya accused of drug
ties...
Ahmadinejad declares 'soft
overthrow' failed...
Consumer confidence suffers
steep fall...
'Unexpected'...
Stocks Slump as Quarter
Ends...
Deficit forces California to
issue IOUs...
States brace for shutdowns...
Home prices post 18% annual
drop...
Second autopsy completed at
the request of Jackson's family...
Los Angeles Prepares for
Massive Memorial Service...
Doctor hires an attorney...
Was taking up to 3 powerful narcotic pain relievers at same time...
Developing...
PLOT THICKENS: Police focus
on medical treatment...
A LETHAL JAB: 'Collapsed
after an injection of potent Demerol'...
WEEKS AWAY FROM
LONDON 'COMEBACK'...
Paramedics spent 42
minutes trying to resuscitate...
'Was home alone for some time before help arrived'...
JACKSON FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING HIM,
ABUSE OF PRESCRIPTION DRUGS'... WIRE... FINAL PHOTO...
JACKSON
'WAS UNABLE TO SING'
'I'm better off dead. I'm done': How Michael
Jackson predicted his death six months ago By Ian
Halperin
Last updated at 2:08 AM on 28th June 2009
- Genetic
condition had ruined his lungs and left him unable to sing
- He
became so skeletal, doctors believed he was anorexic
- He
had nightmares about being murdered – and wanted to die
- He
used swine flu as an excuse to avoid coming to England
- He
thought he was agreeing to 10 concerts – it was 50
Whatever the final autopsy results reveal, it
was greed that killed Michael Jackson. Had he not been driven – by a cabal of
bankers, agents, doctors and advisers – to commit to the gruelling 50 concerts
in London’s O2 Arena, I believe he would still be alive today. During the last
weeks and months of his life, Jackson made desperate attempts to prepare for
the concert series scheduled for next month – a series that would have earned
millions for the singer and his entourage, but which he could never have
completed, not mentally, and not physically…
JACKSON 'WAS UNABLE TO
SING'...
Grief turns to anger for
fans...
NANNY REVEALS TRAGIC SECRET:
'I had to pump his stomach many times'...
"The horrifying state of pop superstar Michael Jackson in
his final days can be revealed by The Sun today," the tabloid article
began (disavowed by coroner). "Harrowing leaked autopsy details show the
singer was a virtual skeleton -- barely eating and with only pills in his
stomach at the time he died." According to The Sun, Jackson's hips, thighs
and shoulders were riddled with needle wounds believed to be the result of
injections of narcotic painkillers given
three times a day for years. The newspaper also claimed that Jackson, at
5 feet 10, had become severely emaciated and weighed about 112 pounds. It said
that pathologists found his stomach empty, aside from partially dissolved
pills. Additionally, according to The Sun, Jackson was wearing a wig when he
died. The newspaper quoted pathologists as saying little more than "peach
fuzz" covered his scalp.
California set to issue IOUs
as fiscal crisis weighs...
State shutdowns loom...
6-29-09
Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy Top WH Advisor: Obama Won’t Rule Out Middle Class Tax Hike
Hyperinflation
Nation Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim
Rogers, Tom Woods, Gerald Celente, and others. Prepare now before the US dollar
is worthless.
BIS Sees Risk Central Banks Will Raise Interest Rates Too
Late The Bank for International Settlements said there’s a risk
central banks will raise interest rates and withdraw emergency liquidity too
late, triggering inflation.
RED ALERT: The Total Takeover Of America Enters Its Final
Phase The wholesale looting
of America and the transfer of wealth and power over to a private banking elite
who are setting up a world government, along with the complete obliteration of
any remaining freedom to protest, resist, or even speak out against this
agenda, is now entering its final phase as numerous different pieces of the
jigsaw puzzle fall into place and portray a clear picture of tyranny.
Brookings Publication mentions possibility of ‘Horrific
Provocation’ to Trigger Iran Invasion In a recent policy paper
published by the influential Brookings Institute, the authors propose almost
anything to guarantee dominance of Persia by the new world order, including
bribery, lying, cheating and mass murdering by an all-out military assault of
Iran.
More Obama Lies: Signing Statement on $106B War Bill President
Obama signed the $106 billion war-spending bill into law Friday, but not
without taking a page from his predecessor and ignoring a few elements in the
legislation.
US, Israel behind Iran vote-rigging rumors: Ejei Iran’s Intelligence Minister has dismissed
claims of vote-rigging in the presidential election, blaming the US and Israel
for the spread of such rumors among the people.
RED ALERT: The
Total Takeover Of America Enters Its Final Phase Paul Joseph
Watson | Full frontal assault on every aspect of freedom kicks into
high gear as the elite twist the knife into the rotting carcass of the United
States.
Buchanan:
Climate Bill Is Transfer Of Wealth To World Government Paul
Joseph Watson| Former presidential advisor slams fearmongering that
led to passage of nightmare legislation.
Deficit
forces California to issue IOUs...
Shanghai activists 'save cats from being eaten' What a primitive, worthless, uncivilized
and oppressive/repressive country china is. No wonder (kindred) america
transferred their economic future to this dirty, polluted country, china, where
if not for slave/prison labor they would have no workforce at all and certainly
not one of paying but a few cents per hour…”their competitive edge”… Their
products like america’s are junk and inferior in every way except price which
reflects as well their worth… -0-. … "There is no law in China saying cats
cannot be eaten," police officer Ma Yong was quoted as saying. "Cats
are not a protected animal." Yang, who has traded cats for a decade,
bought the animals from so-called hunters who trapped the cats in residential
areas at night, the report said. Police could not charge him with possessing
stolen property because, unlike dogs, a licence is not required for owning a
cat in Shanghai, making ownership impossible to prove, the report said. Eating
cat meat is a tradition in many parts of China, especially in southern regions,
where some restaurants specialize in preparing the dishes, according to Chinese
media reports.
DRUDGEREPORT: Second autopsy completed at
the request of Jackson's family...
Los Angeles Prepares for Massive
Memorial Service...
Doctor hires an attorney...
Was taking up to 3 powerful narcotic pain relievers at same time... Developing...
PLOT THICKENS: Police focus
on medical treatment...
A LETHAL JAB: 'Collapsed
after an injection of potent Demerol'...
WEEKS AWAY FROM
LONDON 'COMEBACK'...
Paramedics spent 42
minutes trying to resuscitate...
'Was home alone for some time before help arrived'...
JACKSON FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING HIM,
ABUSE OF PRESCRIPTION DRUGS'... WIRE... FINAL PHOTO...
JACKSON
'WAS UNABLE TO SING'
'I'm better off dead. I'm done': How Michael
Jackson predicted his death six months ago By Ian
Halperin
Last updated at 2:08 AM on 28th June 2009
- Genetic
condition had ruined his lungs and left him unable to sing
- He
became so skeletal, doctors believed he was anorexic
- He
had nightmares about being murdered – and wanted to die
- He
used swine flu as an excuse to avoid coming to England
- He
thought he was agreeing to 10 concerts – it was 50
Whatever the final autopsy results reveal, it
was greed that killed Michael Jackson. Had he not been driven – by a cabal of
bankers, agents, doctors and advisers – to commit to the gruelling 50 concerts
in London’s O2 Arena, I believe he would still be alive today. During the last
weeks and months of his life, Jackson made desperate attempts to prepare for
the concert series scheduled for next month – a series that would have earned
millions for the singer and his entourage, but which he could never have
completed, not mentally, and not physically…
JACKSON 'WAS UNABLE TO
SING'...
Grief turns to anger for
fans...
NANNY REVEALS TRAGIC SECRET:
'I had to pump his stomach many times'...
"The horrifying state of pop superstar Michael Jackson in
his final days can be revealed by The Sun today," the tabloid article
began (disavowed by coroner). "Harrowing leaked autopsy details show the
singer was a virtual skeleton -- barely eating and with only pills in his stomach
at the time he died." According to The Sun, Jackson's hips, thighs and
shoulders were riddled with needle wounds believed to be the result of
injections of narcotic painkillers given
three times a day for years. The newspaper also claimed that Jackson, at
5 feet 10, had become severely emaciated and weighed about 112 pounds. It said
that pathologists found his stomach empty, aside from partially dissolved
pills. Additionally, according to The Sun, Jackson was wearing a wig when he
died. The newspaper quoted pathologists as saying little more than "peach
fuzz" covered his scalp.
California set to issue IOUs
as fiscal crisis weighs...
State shutdowns loom...
6-26-09
Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator
‘Cap And Tax’ Bill
Had 300 Pages Added Last Night! It was 900 pages a week ago, then it was
1,200 pages last night. NOW IT IS 1,500 pages long.
Obama Should Apologize For
Moves to Undermine Iran with CIA Linked USAID “Democracy” Kurt Nimmo | The CIA
will covertly fund the Iranian opposition and this effort will be run out of
Hillary Clinton’s State Department.
Ignorance
is Strength Paul Craig Roberts | In
America independent thought is rapidly becoming an anti-American act, which is
itself morphing into a terrorist act. Emily
Spence | “Restriction of free thought and free speech is the most
dangerous of all subversions. It is the one un-American act that could most
easily defeat us.”
Canadian “Socialism”: What It Means for America Eyad
Jamaleddine | All in all, my Southern friends, Big Government
equals big problems and Quebec is the example.
DRUDGEREPORT: Was taking up to 3 powerful narcotic pain relievers at same
time... Developing...
PLOT
THICKENS: Police focus on medical treatment...
A
LETHAL JAB: 'Collapsed after an injection of potent Demerol'...
WEEKS AWAY FROM LONDON 'COMEBACK'...
Paramedics spent 42 minutes trying to resuscitate...
'Was home alone for
some time before help arrived'...
JACKSON
FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING HIM, ABUSE OF PRESCRIPTION
DRUGS'... WIRE... FINAL PHOTO...
California set to issue IOUs
as fiscal crisis weighs...
State shutdowns loom...
6-25-09
Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant
U.S. Economy: Jobless Claims Rise in Sign Labor Market
Stagnant Bloomberg | The number of Americans filing claims
for unemployment benefits unexpectedly rose last week, a reminder that
companies will keep cutting staff even as the economy stabilizes.
Former US National Security Adviser: US Has Intelligence
Agents Working In Iran
Michael Jackson, Pop's Thrilling King, Dead at 50 Farrah Fawcett, First Among Angels, Has Died California set to issue IOUs as fiscal crisis weighs
DRUDGEREPORT: WEEKS AWAY FROM LONDON 'COMEBACK'...
Paramedics spent 42 minutes trying to resuscitate...
'Was home alone for
some time before help arrived'...
JACKSON
FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING HIM, ABUSE OF PRESCRIPTION
DRUGS'... WIRE... FINAL PHOTO...
California
set to issue IOUs as fiscal crisis weighs...
State
shutdowns loom...
6-24-09
BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads
Mark Sanford's Once-Secret Wall Street Deal (at The
Wall Street Journal Online) By WSJ Staff Journal colleague Kyle Stock, formerly a
reporter at the Charleston, S.C. Post and Courier, reports on Gov. Mark
Sanford’s Wall Street connections.Despite the impression given by his
aw-shucks mea culpa today, South Carolina’s Mark Sanford is not new to furtive
dealings. The governor, a long-time darling of the GOP, was criticized heavily
in 2005 for secretly trying to orchestrate a sale of the state’s largest asset,
a
massive 70-year-old utility named Santee Cooper.…The saga died down when
one of the directors resigned and two others were yanked from their seats. The
governor, at the time, defended his actions by citing his experience as a
businessman. He has an MBA from the University of Virginia and spent some time
at Goldman Sachs in 1988 before moving south to sell real estate and run for
office. Sanford’s wife, Jenny, is no stranger to a balance sheet either,
something that the governor trumpeted when he came under fire for his backroom
dealings on the utility. A finance major, she was a vice president on an M&A team at Lazard Freres & Co.
The pair met in the Hamptons before tying the knot in 1989.
US
missile strike kills 60 at funeral in Pakistan
Iran
uncovers plots in presidential election The
Shah Of Iran Is Alive And Well In Washington D.C. Zbigniew
Brzezinski discusses “intelligent manipulation” in Iran Soros,
the CIA, Mossad and the new media destabilization of Iran
DRUDGEREPORT: BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules...
Iran
police swiftly crush revolt...
Witnesses:
Protesters, riot police clash in streets around parliament...
Young men, women throwing rocks, pushing barricades; Many
shouting: 'Death to the dictator!'...
'Butcher'
told to track down Tehran protesters...
WOMEN
PROTESTERS DON HEAD SCARVES, ROCKS...
Iran
minister says CIA funding 'rioters'...
Britain
replaces USA as mullah's verbal target...
State
Dept: No Iranian diplomats accepted July 4 invites...
PRO-REGIME
HACKERS INVADE OREGON COMPUTERS...
6-23-09
U.S.
Home Prices Drop 6.8 Percent in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California Collapsing Bankster
“Holiday” Planned for September? Recession
Sparking Global Unrest
In 1969, Rockefeller Official Said US Would Be
De-industrialized Henry Makow | Our society
and culture are a fraud based on one central fraud, the monopoly over
government credit in the hands of Cabalist private bankers.
Iran ex-monarch’s
son asks Israel to back rioters The ousted
Shah of Iran Mohammad-Reza Pahlavi’s son urges Israel to support post-election
riots in Iran to bring down the government of Tehran.
Whistleblower Who Linked “Taliban” Leader To US
Intelligence Is Assassinated Steve
Watson | Analysts claim enemy of slain tribal leader is protected,
funded by CIA.
Soros, the CIA, Mossad and the new media destabilization of
Iran James Corbett | We are being
asked to believe that this latest version of the very old program of U.S.
corporate imperialism is the real deal.
H.R. 675: Building Obama’s Civilian National Security Force
Kurt Nimmo | Both H.R. 675
and the DoD Civilian Expeditionary Workforce
directive will establish civilian “soft power” under the direction of the
Pentagon.
Obama’s Financial
Reform Proposal: A Stealth Scheme for Global Monetary Control Stephen
Lendman | The time is now to stop and expose Obama as a frontman for grand
theft and power.
kissinger, the failed typical jew (greenspan, etc.) mental
case (think about it – all his endeavors were failed, murderous, and
bloody) calls for his typical doomed to
fail strategy of Iran Attack if Color Revolution Fails
6-22-09
Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it?
Like Japan, New Zealand Moving Towards Cashless Society Japan Considering Taxing Cash; “Nominal Rates of -4% Might
be Closer to What is Required to Rescue the Economy from Another Deflationary
Spiral”
Insiders Exit Shares at the Fastest Pace in Two Years Bloomberg | Executives at U.S. companies are taking
advantage of the biggest stock-market rally in 71 years to sell their shares at
the fastest pace since credit markets started to seize up two years ago.
Feds To Get Power To Target Websites Making False Claims
which means if true, wall street and
the u.s. government are out of business” Paul Joseph Watson | New FTC
guidelines would allow government to scrutinize/censor content of websites,
“patrol/control what bloggers say and do.”
Iran
Falling to US PSYOPS? Paul Craig Roberts | Total mental
case john bolton laid out the US strategy. First we try to destabilize the
regime. Failing that, we strike them militarily.
Iran Had a Democracy Before We Took It Away Iranians do
not need or want us to teach them about liberty and representative government.
They have long embodied this struggle. It is we who need to be taught. It was
Washington that orchestrated the 1953 coup to topple Iran’s democratically
elected government, the first in the Middle East, and install the compliant
shah in power. Iranian Unrest: Evidence Of Western Intelligence Meddling BBC is backing election riots, claims Iran
DRUDGEREPORT: UPDATE: Two DC
Metro trains collide during rush hour...
TRAPPED... DC SUBWAY HORROR: 4 DEAD; 70 HURT
GOLDMAN SACHS to
make record bonus payout; Spectacular first half of '09...
End of the dollar? How
smuggler incident boosted tension about US currency...
Numbers on Welfare See Sharp
Increase...
RASMUSSEN: Obama Approval
Index falls to lowest rating...
BUDGET NIGHTMARES: STATE PLAN DEEPER CUTS... DEVELOPING...
California crisis threatens
to devastate school system...
6-19-09
Next
Major Move In Stock Market Will Be Down Stanford
indicted in massive U.S. fraud case which is small potatoes compared to
ubiquitously massive wall street securities fraud which caused the ongoing
financial debacle House panel
subpoenas Fed over BofA/Merrill merger U.S. regulators close their
40th bank of the year Market Outlook:
Time to Assume a Defensive Position The Easy
Money Has Been Made Another Market
Meltdown Likely…who can rationally argue against that? Ron Paul Slams Federal Reserve’s New Dictatorial Powers Who Will Regulate
the Regulators? California
unemployment rises to 11.5% in May “The Responsible Left:” Funding Obama’s Expanding Wars Hyperinflation Will Hit US In No More than 3 - 8 Years CNBC | Marc Faber points out that prior to the
establishment of the Federal Reserve the United States experienced stable
prices and a deflationary boom. Dodd: Giving the Fed More Power is like Awarding a Son a
“Bigger, Faster Car Right after He Crashed the Family Station Wagon” The Fed caused the Great Depression,
according to Bernanke himself. The Fed largely caused the current financial
crisis. The Fed creates new “money” out of thin air, and then charges massive
amounts in interest to the federal government, impoverishing the nation and
stealing its natural wealth. Gerald
Celente: Washington is Wall St. and Wall St. is Washington
Next
Major Move In Stock Market Will Be Down The next major move in the stock
market will be down. We are seeing the last vestiges of a rally similar to what
we saw in 1931. The rally we expected at 6600 up to 8500 will end as soon as
all the financial institutions that need to sell what stock is necessary to
bolster their balance sheets.
CIA Recruiting Laid-Off Bankers in NYC to Enhance Their Own
Securities Fraud / Drug-money Laundering Ops…C
US Senate women urge Suu
Kyi freedom
US forces accidental
mistakes on purpose caused Afghan deaths: probe
9/11 Truther Found Not Guilty Of Assaulting Disabled Girl World’s hungry top one billion: UN food agency These
Are Obama’s Wars Now
DRUDGEREPORT: GALLUP: Obama Job Approval
Slips to 58% for First Time; Lowest reading thus far...
8 states see record
unemployment rates in May...
California 11.5%...
STUDY: Chubby people live
longest...
6-18-09
Obama Regulatory Reform Plan Officially Establishes Banking
Dictatorship The Credit Crisis Is Not Over After 23 Months Broader Fed role provokes wide dissent New York
Home Prices Forecast to Drop 40% Bankster Bailouts
Of 2008/9 Exceed Over 200 Years Of Major Government Spending Strange
Inconsistencies in the $134.5 Billion Bearer Bond Mystery
Kucinich:
‘Another $106 billion and all we get is a lousy war’ Investigators Find
Over 9,000 Vials Of Unaccounted Deadly Pathogens At Fort Detrick BBC Caught In Mass
Public Deception With Iran Propaganda Feinstein denies
NSA abuses; Holder refuses to call them ‘illegal’
DRUDGEREPORT: TREASURY AUCTION $104B IN DEBT, RECORD
Mafia blamed for $134B fake
Treasury bills...
Counterfeit bonds found in
suitcase...
6-17-09
Markets See a
Breakdown in Technical Support Levels Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar FedEx posts
bigger loss with a gloomy outlook Stocks mostly
fall on bank ratings, FedEx warning Farr: Why Don't We Sell
Everything? (at CNBC) House Passes Bill With “Global Bailout” Provision Obama: Jobless Rate Will
Exceed 10% ...
Obama’s “Financial Regulatory Reform Plan” is Nothing of
the Sort Kurt Nimmo | Obama’s
misnamed “Financial Regulatory Reform Plan” is a brazen attempt by the bankers
to consolidate their power. Obama
Plans to Cut Bank Regulators, Allow Fed to Supervise Financial Holding
Companies
CBS Editorial Uses Pretext to Encourage Control/Censorship
and Urges Internet Providers Remove “Hate Speech” Time for ‘new world
order’: Brazilian President NSA Intercepts of
the Private Telephone Calls and E-Mail Messages of Americans Are Broader Than
Previously Acknowledged
DRUDGEREPORT: IT'S
ON: W SLAMS O…How can this be? War criminal bush should be in jail (with
cheney)…He’s destroyed this country among others and as well, to prove he’s an
absolute fool and a boob, destroyed the republican party…Do you recall his push
for social security invested in the stock market before the crash…Just imagine
the consequences…the bush crime family should be forced into exile!
Dollar drops on reserve currency
doubts...
China sells US bonds to 'show
concern'...
Beijing orders 'Buy China'
for stimulus projects...
HuPu in Moscow...
China, Russia to Use Each
Other's Currencies in Trade...
Russia hopes 'down-to-earth'
Obama drops Star Wars...
Obama: Jobless Rate Will
exceed 10% ...
ALARM: National Security
Agency has ability to collect, read domestic e-mails of Americans on widespread
basis...
6-16-09
Roubini: USA sees
double-dip recession... China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency
Issue at BRIC Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be
Given Sweeping New Powers Yen Strengthens Most in Month as
Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR...
Proud To Be American? You Should Be Ashamed The Market
Ticker | In our nation we have literally had 1/3rd of our GDP —
that is, 1/3rd of everything you worked for last year — stolen by a bunch of
fraudsters with the explicit cooperation and assistance of the government.
The Ending of America’s Financial-Military Empire The
city of Yekaterinburg, Russia’s largest east of the Urals, may become known not
only as the end of the road for the tsars but of American hegemony too; as the
place not only where US U-2 pilot Gary Powers was shot down in 1960, but where
the US-centered international financial order was brought to ground.
Obama Plans to Cut Bank Regulators, Allow Fed to Supervise
Financial Holding Companies – The old fox guarding the henhouse tricks Reuters | The
proposal would call for the creation of a financial oversight council that
would be led by the Treasury Department, and would make the Federal Reserve the
consolidated supervisor of large financial holding companies.
ACLU: Heavily redacted CIA docs render more torture
evidence The “Bomb Iran” contingent’s newfound concern for The
Iranian People China to Get U.S. Aid under New Climate Deal The
CIA’s Iranian Plan? Information Clearing House | Short video explores the
reaility that the CIA is involved in Iran’s recent election unrest.
Are You Ready for War with a Demonized Iran? Paul Craig Roberts | The
government-controlled U.S. corporate media, a Ministry of Propaganda, has
responded to the re-election of Ahmadinejad with non-stop reports of violent
Iranians protests to a stolen election.
State Run News: ABC Turns Programming Over To Government
DRUDGEREPORT:
Obama seeks to 'give
government new powers to seize key companies'...
Federal Reserve to gain power
under plan...
Obama says he loses sleep
over deficit fears...
ALARM: National Security Agency has ability to collect, read domestic e-mails
of Americans on widespread basis... Developing...
Senate health overhaul costs
top $1.6 Trillion...
ABC TURNS PROGRAMMING OVER TO
OBAMA; NEWS TO BE ANCHORED FROM INSIDE WHITE HOUSE...
Roubini: USA risks double-dip
recession...
6-15-09
International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Gas prices rise for 48th
day as oil sells off (AP)
AIG lawyer:
Ex-top exec plundered retirement plan (AP) Administration calls for
financial system overhaul
We have created a monster … banks with access to public
funds Failed
fed to Get Bigger Mandate to Supervise Financial System Audit The Fed Bill
Already Neutered In The Senate? HR 1207’s Senate
version, S. 896, has been severely watered down, according to Iowa Senator
Chuck Grassley. Grassley named the top Republican on the Banking Committee,
Richard Shelby, Sen. from Alabama, as the man pouring the water mixed with
shelby’s typical bull s**t, old incompetent diarrhea mouth that shelby is.
Pentagon Multiple Choice: Dissenting Americans are
Terrorists Kurt Nimmo | A
Pentagon course trains personnel that Americans exercising their First
Amendment rights are terrorists.
CIA
rehired, then fired, contractors involved in torture
New York drill for
possible nuke war
Voight
blasts Obama as ‘good actor’; ‘change from a teleprompter’ is not what country
founded on
DRUDGEREPORT: Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs!
America's AAA downgrade
danger...
French prosecutor seeks
dissolution of Fraudulent Scientology...
YES IN A NO KIND OF WAY...
Netanyahu endorses
Palestinian 'independence'...
Refuses to halt
settlements...
Hamas slams 'racist,
extremist'...
Mubarak: 'Not Egypt, nor any
other Arab country would accept Israel as a Jewish state'...
Carter: Netanyahu placed
obstacles...
WIRE: Mideast setbacks weigh
on Obama policy...
LLOYDS BANK hit by Obama tax
purge; Banking group drops American customers...
Lakers:
15th championship...
At Least 25 Fans Arrested
After Near-Riot...
Police: 8 officers hurt...
Netanyahu endorses
Palestinian independence...
Defies Obama, refuses to halt
settlements...
Hamas slams 'racist,
extremist'...
SHOCK: CIA chief believes
Cheney wants USA attacked...
6-12-09
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive Venture
Capital Bubble Set to Burst, Kedrosky Says Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Nobel Economist Stiglitz:
Government’s Response is WORSE than Socialism Paulson’s Secret Talking Points
Reveal Banks Were Forced to Surrender Ownership Stakes to Government
HR 1207: Battle To
Audit The Fed Has Only Just Begun Fraudsters eye huge
stimulus pie, consultant says ‘Service’ Inspector General fired by Obama for
investigating ‘Hood Corps’ mayor Kevin Johnson? DRUDGEREPORT: Obama fires inspector general
who investigated crony... Details... DICK MORRIS: OBAMA'S ISSUES
CRUMBLING... Health-Care Bill
Drafted by Dems to Include $600 Billion in Tax Increases...
6-11-09
1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report
BofA CEO: Merrill
Deal Was Partly Due to Fed Pressure Bank
of America Chief Executive Officer Kenneth Lewis said his bank decided to buy
Merrill Lynch partly because it was pressured to do so by the Federal Reserve.
US military wasted
taxpayer money in Iraq: report
Obama seeks to control executive pay Washington
Post | Obama administration named a “compensation czar”
yesterday to set salaries and bonuses at some of the biggest firms at the heart
of the economic crisis.
Get Ready for Inflation and Higher Interest Rates Wall Street
Journal | With U.S. GDP and federal tax receipts at about $14
trillion and $2.4 trillion respectively, U.S. debt all but guarantees higher
interest rates, massive tax increases, and partial default on government
promises.
Fear Rules Paul Craig
Roberts | America only kills terrorists. If we kill you, you are a
terrorist.
Former White House
Lawyer Tells Senate that “Indefinite Detention” Without Trial Is Occurring In
Afghanistan and Iraq, As Well As Guantanamo
WHO declares first
21st century flu pandemic
Containing the Mexican flu
Putin: Russia will
abandon nukes if others do
DRUDGEREPORT: WHO declares flu pandemic... 1st in 41 years...
ADMINISTRATION:
REIN IN PAY ACROSS PRIVATE SECTOR
OIL $73... PREDICTION: $250...
Woman who missed doomed AIR
FRANCE Flight -- killed in car crash...
israel pm appropriately told
to keep silent on 'Palestinian state'... netanayahu must yield to
two-state solution after wisely pressured by Obama...
6-10-09
Jim
Rogers: “The Worst is Not Over” 6/9/2009 Fed Would Be Shut Down If It Were
Audited Fed says economy
weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) Get Ready for Inflation and
Higher Interest Rates Bill
To Audit Federal Reserve Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows
losses on Bear Stearns, AIG holdings
Shall I Sell? Let Me Count the Reasons By
Harry Schiller When the market was bottoming in
March below the 700 level, there were so many reasons to buy into new lows, it
was tough to find reasons not to. Now the reverse is true. There are so many
reasons to sell into the 950 area of the SPX, it's tough to consider reasons
not to. Bulls will argue that the bottom is in and the 200-day moving average
has been exceeded on the upside and that the economy is improving and that
"the trend is your friend" and yada, yada, yada. What they won't talk
about are all the momentum divergences and the persistent light volume during
the recent advance to new highs and the extremes in bullishness and
complacency, etc., etc., etc. Now we can add another item they don't want to
discuss: the brick wall at the 950 level of the S&P 500...
Get Ready for Inflation and Higher Interest Rates Wall Street Journal | With U.S. GDP and federal tax
receipts at about $14 trillion and $2.4 trillion respectively, U.S. debt all
but guarantees higher interest rates, massive tax increases, and partial
default on government promises.
Media Portrays Suspected Holocaust Museum Shooter as
“Antigovernment Extremist” Kurt Nimmo | The
corporate media is attempting to link a shooting to “antigovernment” activists
and the patriot movement.
Obama Deception: Extended Extras
A Regional Central Banker Blows the Whistle
Fed Would Be Shut Down If It Were Audited CNBC | The
Federal Reserve’s balance sheet is so out of whack that the central bank would
be shut down if subjected to a conventional audit
DRUDGEREPORT:
US long-term interest rates
hit high; Tepid response to Treasury's debt sale...
Federal government to become
largest shareholder in CITI... Developing...
Oil nears $72 -- 8-month
high...
Russia May Swap
U.S. Treasuries for International Monetary Fund bonds...
6-9-09
The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR,
DEBT... Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really
Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys
Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American
Businesses to Drop Dead...
Oil hits 7-month
high over $70...
What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Washington’s Blog | Everyone from the Fed bank of
San Francisco to Kiplinger’s is saying that we will have a “jobless recovery”.
CIA Cites al-Qaeda as Reason Not to Release Bush Era
Documents ….. riiiiight! …s Ex-Gitmo prisoner:
US tortured me with needles, IV tubes WeAreChangeLA confronts
9/11 criminal ‘General’ Richard Myers
Government Demands Inventory of All VFW Weapons Kurt Nimmo | U.S. Army demands VFW commanders account for and
inventory all weapons held at posts.
‘US military surge
destabilizes Pakistan’ Pakistani Foreign Minister Shah Mehmood
Qureshi says the US’ move to send 21,000 extra troops to war-ravaged
Afghanistan could have serious implications for Pakistan.
DRUDGEREPORT: CHINA AIRS FEARS ON DOLLAR,
DEBT...
WIRE: Obama Tells American
Businesses to Drop Dead...
UPDATE: New York Democrats
lock Senate doors; Republicans declare move unconstitutional...
Oil hits 7-month
high over $70...
London Police
accused of waterboarding suspects...
6-8-09
Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT
Obama’s economic model versus reality Gather | Obama’s economic models, much like his policies,
are failing horribly when tested against reality.
China Bank Wants U.S. Bonds Issued in Yuan Telegraph | Issuing of yuan bonds in Hong Kong and Shanghai
would help to develop the debt markets in China and promote the yuan as a major
international currency.
Long-Term Economic Memory Loss Paul Craig Roberts | The red ink that Washington is
generating is a far greater threat to Americans than any foreign “enemies.”
Tiny Tim says dollar assets
safe... Laughter from audience... Why The Chinese Laughed At Geithner Paul Craig
Roberts | The red ink that Washington is generating is a far
greater threat to Americans than any foreign “enemies.”
Obama Had Food Taster in France
DRUDGEREPORT:
CHINA
AIRS FEARS ON DOLLAR, DEBT
Lots of 'extras' in war
funding bill...
WSJ: Obama Numbers Are Pure
Fiction...
AP: Obama repackages stimulus
plans with old promises...
Stimulus funds for 'job
creation' go to prevent teen pregnancy in Ohio...
6-5-09
Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead China explores
buying $50bn in IMF bonds President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now
Fed to Hire PR Wizard to Fight Against HR 1207 Kurt Nimmo | As HR
1207 picks up sponsors and gains critical mass, we can expect the international
bankers to devise ways to protect their Federal Reserve racket. Green & Lean: Austerity in the Age of Obama HR 1207 Now Up To 190 Co-sponsors Daily Paul | Bill will reform the manner in which the Board of Governors of the
Federal Reserve System is audited by the Comptroller General of the United
States. Wall Street Journal | Merkel suggested the European
Central Bank and its counterparts in the U.S. and Britain have gone too far in
fighting the financial crisis and may be laying the groundwork for another
financial blowup. House Bill Proposes Commission to Explore National
Servitude Obama admits US
involvement in Iran coup in 1953
DRUDGEREPORT: Unemployment rises to 9.4%...
Hits 25-Year High...
Losses Slow If You Believe
Typically Fake Government Reports...
Temp work helps mask
joblessness...
DRUDGEREPORT: New Zealand rated most
peaceful, USA 83rd... After New Zealand, the top 10 most peaceful
nations are Denmark, Norway, Iceland, Austria, Sweden, Japan, Canada, Finland
and Slovenia. In the bottom 10 are Zimbabwe, Russia, Pakistan, Chad, Democratic
Republic of the Congo, Sudan, Israel, Somalia, Afghanistan and, in last place,
Iraq. Traditional U.S. allies generally fared well on the list: Germany is at
16, Australia at 19, Spain (28), South Korea (33), Britain (35) and Italy (36).
Libya, Nicaragua, Jordan, Cuba, China, Peru and Ukraine all are rated more
peaceful than the United States. Rwanda is rated 86, Syria 92, Iran 99 and
Mexico 108…..
Bernanke Warns Long-Term
Budget Deficits Threaten Financial Stability...
'Why Ben Bernanke is right to
be worried'...
Germany Blasts 'Powers of the
Fed'...
: It's the Economy, Stupid...
OPEC: OIL COULD REACH $90...
Obama calls for new beginning
between USA, Muslims...
'ANY WORLD ORDER THAT
ELEVATES ONE NATION OVER ANOTHER WILL FAIL'...
'Iran should have the right
to access peaceful nuclear power if it complies with its responsibilities'...
Reiterates support for
Palestinian state...
Admits US involvement in Iran
coup in 1953...
Says extremists exploit
tension between Islam, West...
Reaction...
Iranian leader: USA 'deeply
hated' in region...
Says 'sweet talk' not enough
for Muslims...
'Obama really buttered them
up in Cairo'...
US Muslims: Speech 1st step
in fixing ties...
1 of every 6 dollars of
Americans' income is government check or voucher...
Crash may remain a mystery... HORRIFYING FINAL 14
MINUTES...
‘Cheney led 2005 terror briefings’
Editorial: Deepening crisis for UK’s Brown
Israel rubbishes Obama call to halt
settlements
6-4-09
US retailers
report May sales declines Tiny Tim says dollar assets
safe... Laughter from
audience... Why The Chinese Laughed At Geithner [$$] SEC
Unveils Civil Charges Against Former Countrywide CEO Mozilo (at The Wall Street
Journal Online) Financials, surging
commodities lift Wall Street (Reuters) Countrywide's
Mozilo charged with fraud Review: Dazzling
Palm software beats the iPhone (AP) Bond Market Blowout Fail, Fail, Fail, Fail Rising
Interest on Nations’ Debts May Sap World Growth Goldman
Raises Year-End Crude Forecast by 31% to $85 Benefit spending
soars to new high
Tiny Tim says dollar assets
safe... Laughter from audience... Why The Chinese Laughed At Geithner Paul Craig Roberts | The red
ink that Washington is generating is a far greater threat to Americans than any
foreign “enemies.”
Bond Market Blowout Last week’s auctions
in the bond market leave little doubt that the financial crisis has entered a
new and more lethal phase.
Fail, Fail, Fail, Fail How about a bit of
reality? Not the ridiculous promises from Washington, the absurd talk of “green
shoots” while unemployment soars and investment falls, the silly guarantees
that GM has a bright future even as its stock price falls to less than the
price of a Snickers bar, the nonsense about how if we spend more and inflate
more. Recovery will come tomorrow morning.
Chavez says CIA plotted to kill him Britain leads world in police state survey Obama intel pick tied to CIA torture program Obama Deception:
Extended Extras, Exclusively for PrisonPlanet.tv Members Rumsfeld Faces “Difficulties” Over Gitmo Torture Bush told Houston Journalist: If Elected, “I’m Going to
Invade Iraq” Iran’s Khamenei says US ‘deeply’ hated in Mideast
Bush told Houston Journalist: If Elected, “I’m Going to
Invade Iraq” Sherwood
Ross | Two years before the 9/11 attacks on America, George W.
Bush told a Houston journalist if elected president, “I’m going to invade
Iraq.”
DRUDGEREPORT: New Zealand rated most
peaceful, USA 83rd... After New Zealand, the top 10 most peaceful nations are
Denmark, Norway, Iceland, Austria, Sweden, Japan, Canada, Finland and Slovenia.
In the bottom 10 are Zimbabwe, Russia, Pakistan, Chad, Democratic Republic of
the Congo, Sudan, Israel, Somalia, Afghanistan and, in last place, Iraq.
Traditional U.S. allies generally fared well on the list: Germany is at 16,
Australia at 19, Spain (28), South Korea (33), Britain (35) and Italy (36).
Libya, Nicaragua, Jordan, Cuba, China, Peru and Ukraine all are rated more
peaceful than the United States. Rwanda is rated 86, Syria 92, Iran 99 and
Mexico 108…..
Bernanke Warns Long-Term
Budget Deficits Threaten Financial Stability...
'Why Ben Bernanke is right
to be worried'...
Germany Blasts 'Powers of
the Fed'...
: It's the Economy, Stupid...
OPEC: OIL COULD REACH $90...
Obama calls for new
beginning between USA, Muslims...
'ANY WORLD ORDER THAT
ELEVATES ONE NATION OVER ANOTHER WILL FAIL'...
'Iran should have the right
to access peaceful nuclear power if it complies with its responsibilities'...
Reiterates support for
Palestinian state...
Admits US involvement in
Iran coup in 1953...
Says extremists exploit
tension between Islam, West...
Reaction...
Iranian leader: USA 'deeply
hated' in region...
Says 'sweet talk' not enough
for Muslims...
'Obama really buttered them
up in Cairo'...
US Muslims: Speech 1st step
in fixing ties...
1 of every 6 dollars of
Americans' income is government check or voucher...
Crash may remain a
mystery... HORRIFYING FINAL 14
MINUTES...
6-3-09
Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise Tiny Tim says dollar assets
safe... Laughter from audience...
AP source: US broke bombing rules in Afghanistan (AP) $100 Billion
Bailout For IMF Tagged On To War Funding Bill The Emergence of
Obama’s Roots Obama’s religion is the global state. He is a
devout follower of the New World Order. He is also an accomplished liar, which
is a job prerequisite if one is going to pretend he represents the American
people and follows the Constutition. Rather: Former
detainee says torture still going on at Gitmo Cheney personally
oversaw ’secret’ congressional briefings on torture: report Venezuela Chavez
says “Comrade” Obama more left-wing
DRUDGEREPORT: New Zealand rated most
peaceful, USA 83rd... After New Zealand, the top 10 most peaceful nations are
Denmark, Norway, Iceland, Austria, Sweden, Japan, Canada, Finland and Slovenia.
In the bottom 10 are Zimbabwe, Russia, Pakistan, Chad, Democratic Republic of
the Congo, Sudan, Israel, Somalia, Afghanistan and, in last place, Iraq.
Traditional U.S. allies generally fared well on the list: Germany is at 16,
Australia at 19, Spain (28), South Korea (33), Britain (35) and Italy (36).
Libya, Nicaragua, Jordan, Cuba, China, Peru and Ukraine all are rated more
peaceful than the United States. Rwanda is rated 86, Syria 92, Iran 99 and
Mexico 108…..
Bernanke
Warns Long-Term Budget Deficits Threaten Financial Stability...
'Why
Ben Bernanke is right to be worried'...
Germany
Blasts 'Powers of the Fed'...
:
It's the Economy, Stupid...
OPEC:
OIL COULD REACH $90...
Middle East: Time for action
6-2-09
The Big Collapse Is Very Near Bankers lobbied
secretly to keep derivatives under Federal Reserve ‘oversight’ and away from
real scrutiny U.S. auto sales drop, but rays of stability
seen Economic crisis boosts distrust of business: watchdog Dollar Declines as Nations Mull Reserve Currency
Alternative Grand Theft Auto: How Stevie the Rat bankrupted GM Gold, Silver Climb as Dollar Falls The dollar dropped to its lowest level
against the euro this year on speculation record U.S. borrowing will undermine
the greenback, prompting nations to consider alternatives to the world’s main
reserve currency. Germany Blasts ‘Powers of the Fed’ Existing home
foreclosure sales up, and no profit discount car sale better than expected Diluting like crazy through new stock
bubble issues YAHOO…To that point, Moody's stated that
it expects U.S. rated banks will incur some $470 billion pretax loan losses and
write-downs in 2009 and 2010, and also expects many banks will be unprofitable
this year. Moody's is keeping a negative outlook on the banking industry rating
and the industry's credit outlook. …Semiconductor stocks (-3.3%) showed
weakness for the entire session. Their downturn came after Applied Materials (AMAT 11.61, -0.44) chief executive Mike
Splinter stated that there will be more failures in the semiconductor equipment
sector amid declining customers, according to Reuters... Sacrifices
are needed to save GM, Obama tells Americans Guardian | “Difficult times lie ahead,” said Obama. “More jobs
will be lost, more plants will close. More dealerships will shut their doors
and so will many parts suppliers.” Gerald Celente on The Wall
Street Shuffle: DEPRESSION! …see Economist: “As A Shadow Government, The Fed Has Mirrored
The Shadow Banking System”
The Big Collapse
Is Very Near Robert Wenzel | The end of the current
financial system, as we know it, is imminent.
Today we’re all
prisoners in the USA Ted
Rall | Obama wants to let government goons snatch you, me and anyone
else they deem annoying off the street so if true, then It’s
increasingly evident that Obama should resign Carter breaks with Obama: Probe Bush officials Grand
Theft Auto: How Stevie the Rat bankrupted GM Greg Palast |
Stevie the Rat’s plan is nothing less than Grand Theft Auto Pension. US violated Geneva Conventions, Bush Iraq commander says Raw Story | General
David Petraeus said that the US had violated the Geneva Conventions in a
stunning admission that the US may have violated international law. Leading Democrats: Congress, Senate Owned And Run By
Bankers “The
banks run the place,” Rep. Collin Peterson cried out this week. The New York
Times reports that he has a bill that would specifically ban derivatives from
trading in a clearinghouse regulated by the New York Federal Reserve, which
Peterson blasted as “a tool of the big banks.” Economist: “As A Shadow Government, The Fed Has Mirrored
The Shadow Banking System” In March, I wrote
that we not only have a shadow banking system, but also a shadow government -
specifically, the Fed and Treasury are spending trillions of dollars of our
taxpayer money but refusing to answer Congress or the American people’s
questions about where the money is going.
China begins internet ‘blackout’ ahead of Tiananmen
anniversary
DRUDGEREPORT: Bomb threat AIR
FRANCE in S America -- Days Before Flight Dissapeared over Atlantic... May 27, 2009: 'The
airport safety delayed an AIR FRANCE flight this evening before departing for
Paris immediately after the company received a bomb threat over the phone at
the airport of Ezeiza [Buenos Aires]'
OBAMA: IRAN HAS
RIGHT TO NUCLEAR POWER...
DISARRAY IN DOWNING STREET AS
UK POLS EXPOSED...
GM COLLAPSES INTO
GOVERNMENT'S ARMS...
Latest in string of
nationalized companies...
Hummer sold to
Chinese...
OBAMA BLASTS CLINTON: 'WAS
ENGAGING IN BALD-FACED LIES'...
States' Budget Woes To Get
Worse...
Phoenix Bears Brunt of Hotel
Market's Downturn...
Tiny Tim says dollar assets
safe... Laughter from audience...
6-1-09
Most U.S.
retailers likely saw sales fall in May GM files for
bankruptcy, urges quick action GM: A Mighty
Icon Files for Bankruptcy Dow gets
shake-up as GM, Citi kicked out of average GM removed from
S&P 500 index (AP) Stocks Will
Fall 37% and Gold Will Rally % Even in Crisis, Banks Dig In for
Fight Against Rules New York
Times | The nine biggest participants in the derivatives market —
including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America —
created a lobbying organization, the CDS Dealers Consortium, a month after five
of its members accepted federal bailout money. Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem
Unemployment Bloomberg | World Bank President Robert Zoellick warned policy makers that
fiscal-stimulus plans are insufficient to turn around the “real economy”
ANALYST FORECASTS: BULLS AND BEARS By Richard Shaw [there were 3 bull forecasts which are bull
s**t and not included in the following excerpt to preclude fraud and conserve
space; even the neutrals are a stretch]
…..BEAR - May 30: Morgan Stanley equity analyst Jason Todd says sell this
S&P 500 rally. He says Morgan Stanley does not see large upside above
825-850. He said, “In the rush to buy a cyclical recovery, it seems earnings or
valuation no longer matters. We would be comfortable with this view if the
earnings trough was closer, but it is not.”
BEAR - MAY 28: Berkshire Hathaway possible successor
to Warren Buffet, David Sokol, says they see no evidence of the green shoots
that been a stimulus to the stock market. He sees the most significant headwinds
to the electric utility industry in his 30 years, and see continuing housing
industry problems.
BEAR?/BULL? - May 28: PIMCO co-CEO Bill Gross (manager of
world’s largest bond fund) portrays “new normal” including accelerating
inflation toward the latter part of a three- to five-year cycle, and the need
to reexamine accepted notions about investing. He said stocks have not and will
not always outperform bonds, and having 60% to 80% of portfolio assets in
stocks may not always make sense. He believes the dollar will lose its status
as the reserve currency; Brazil, India and China (forget Russia) will offer the
best growth. The U.S. government will be selling trillions in Treasuries; the
US savings rate may rise significantly, and the consumer economy may be
shrinking long term due to the aging of the population.
BULL?/BEAR? - May 28: GMO CEO Jeremy Grantham predicts
higher US savings and lower consumption with many postponed retirements. He
sees some reasonable values within the stock market now and sees the third year
of the presidential cycle (2011) as the most promising. He is not certain that
a robust rally will continune. Like John Bogle, he believes in the principle of
having your age as the percentage of bonds in your portfolio. He expects a bubble
in emerging market stocks to develop.
BEAR - MAY 26: Comstock Partners portfolio managers
Charlie Minter and Marty Weiner, say P/E’s on “as reported earnings” are too
high in consideration of the long-term trend in earnings (now in down phase).
“Over the past 75 years, most market peaks topped at around 20 times reported
earnings, and the troughs occurred at around 10 times earnings. The financial
mania of the late 1990s pushed P/Es to over 40 times reported earnings, and the
following bust never brought P/Es below 18 times reported earnings. … Going
back to 1950, every instance where actual earnings rose above trend-line
earnings was followed by a period where actual earnings went well below
trend-line earnings. Comstock Partners believes that we have entered such a
period now, and that the market is trading at such a high multiple of
trend-line earnings that it will be difficult to make money.”
BEAR - May 19: Gluskin Sheff analyst David Rosenberg
(formerly of Merill Lynch) says this rally is a sucker’s rally based on short
covering. “The FTSE All-World market P/E ratio on forward earnings estimates is
now around 15x, well above pre-Lehman collapse levels and nearly double the
lows for the cycle … this was a rally built largely on short covering, pension fund
rebalancing and the emergence of hope wrapped up in ‘green shoot’ data points.
… On average, the S&P 500 undergoes a correction of more than 20% … at a
minimum, take profits”
NEUTRAL (BEAR?) - May 11: Baring Asset Management portfolio
manager Hayes Miller says “Estimates suggest there isn’t that much further to
run because equities are fairly valued … Earnings growth for 2009 and 2010
can’t support prices too much higher than where we are today.”
BEAR - May 11: HSBC Global Asset Management chief
investment officer Leon Goldfeld, chief investment officer at HSBC Global Asset
Management said it’s “hard to see” enough profit growth to justify higher stock
prices. The firm’s strategy will be to reduce its holdings of equities and move
into bonds and cash, he said.Bloomberg TV on June 1, said HSBC forecasts 900 as
the year-end price for the S&P 500 index.
NEUTRAL - May 11: Bloomberg compilation of analyst
forecasts of 2009 earnings for the S&P 500 is at $57.17 (not stated whether
“as reported” or “operating”). As of June 1, that puts the S&P at about
16.5 times forecasted earnings. Yale economist Robert Schiller said the
historic average is a multiple of about 16.3. [we note that we are not in an
average situation or stage of a market, however].
BEAR - May 11: Bank of America CIO for private wealth
management expects a 10% correction. He said, “We’re going to be in a very
volatile, chop-and-grind type of market. We’ve been shown that there is a small
light at the end of the tunnel, it’s dim but getting brighter, and that’s why
stock prices have come this far this fast. Now, it’s all about ‘show me.’”
BEAR?/ BULL? - May Letter: PIMCO co-CEO Bill Gross wrote: “Do not
be deceived by the euphoric sightings of “green shoots” and the claims for new
bull markets in a multitude of asset classes. Stable and secure income is still
the order of the day. Shaking hands with the new government is still the
prescribed strategy, although it should be done at a senior level of the
balance sheet. If the government indeed becomes your investment partner, you
should keep the big Uncle in clear sight and without back turned. Risk will not
likely be rewarded until the global economy stabilizes and the Obama rules of
order are more clearly defined.”
BEAR - April 17: Barclay’s analyst Barry Knapp
forecasts S&P 500 at 757 by year-end 2009. He said, “The equity market has
priced this recovery and then some. It looks pretty expensive to us.”
Col. Peters: Kill Gitmo Detainees Kurt Nimmo | You
might think Col. Peters is a throwback to Bush and his neocon troglodytes. But
think again. Obama is more deadly than Bush when it comes to Afghanistan and
now Pakistan. Cybersecurity Is Framework For Total Government Regulation
& Control Of Our Lives Paul Joseph
Watson & Kurt Nimmo | Surveillance grid will
be allied with “smart” technology to create a behemoth of big brother
management of our behavior and consumption.
Ralph Nader: 'For GM's
voiceless owners -- the common shareholders -- it is a wipeout'...
5-29-09
Market Manipulation/Fraud: How
Financial Markets Really Work GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Sowell:
Government’s Current Role in Business the ‘Route’ to Fascism
Cybersecurity: Obama’s Promise to Trash the Constitution Kurt Nimmo | Obama
has no intention of rolling back the government’s massive and unconstitutional
snoop program. More Senior Military Sources Confirm Rape and Sodomy At Abu
Ghraib Steve Watson | New report contradicts
White House denials. Market Manipulation/Fraud: How Financial Markets Really
Work Stephen
Lendman | Wall Street’s mantra is that markets move randomly and
reflect the collective wisdom of investors. The truth is quite opposite. Obama’s Pakistan Embassy Reveals Foolish South Asian
Strategy Akin to the Failed bush So-called Strategy Kurt Nimmo | Obama’s
brand spanking new mega-embassy in Islamabad will be the center of operations
for the dismantling of Pakistan. US and Russian warships line up in dispute over Georgia PRAVDA: 'American decent into
Marxism happening with breathtaking speed'...
george birds of a feather/criminals all bush calls clinton
“brother,” babs bush calls him “son” . What a bunch of lunatics!”
Obama Demands Right to Recruit Minors for Military Cookies, not
torture, convinced al Qaeda suspect to talk, FBI interrogator says
SEE THE UGLY, GHOULISH MURDERING JEW SPECTOR
Phil Spector Guilty of
Murder! Phil Spector convicted of
murder Phil ‘the murderous
misogynistic jew’ Spector convicted of murder MURDER; NO BAIL... HORROR MUG
SHOT...
Spector sentenced to 19 years behind bars - world
entertainment news - Music producer Phil Spector has been sentenced to 19 years
to life in prison for the murder of actress LANA CLARKSON.
5-28-09
Foreclosure
woes mount for those with good credit Fed Finds a
Way to Use Stress Tests to Screw Bank Shareholders One More Time (at Seeking
Alpha) Time Warner to
spin off AOL, ending ill-fated deal [$$] Listen, But Don't Get
Suckered Obama continuing Bush’s assault on the middle class Government will now
own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Faber:
Inflation to 'Approach Zimbabwe Level'... U.S. Weighs Single
Agency to Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and
Disgorgement in this Huge Fraud…y
U.S.
Inflation to Approach Zimbabwe Level Bloomberg | The U.S.
economy will enter “hyperinflation” approaching the levels in Zimbabwe because
the Federal Reserve will be reluctant to raise interest rates...
U.S. Military Investigator Confirms Women and Children Were
Raped At Abu Ghraib Obama Admin
Continues To Protect Bush Torture Criminals; Denies Photos Show Rape
5-27-09
Double-Dip Depression Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Wall Street slides after Treasury sell-off China warns Fed over 'printing money'...
Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) Treasury Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for Chapter 11 US
Government to Take Up 70% Stake in GM FDIC
Fund Running Dry Yahoo Finance | As the FDIC
has had to step in to take over more and more insolvent banks, the fund has
dwindled to dangerously low levels. At the same time, the number of problem
banks continues to grow at a rapid pace.
IRS tax revenue falls along with taxpayers’ income USA
Today | Federal tax revenue plunged $138 billion, or 34%, in April vs.
a year ago — the biggest April drop since 1981.
US killed 97 Afghan civilians in two days Cheney and Rumsfeld pressured CIA to mislead Congress in
the 1970s, too
Doublespeak on
North Korea: Who Will Stand Up to America and Israel? The military/security complex that rules
America, together with the Israel Lobby and the financial banksters, needs a
long list of dangerous enemies to keep the taxpayers’ money flowing into its
coffers.
North Korea Ends Armistice, Threatens to Attack South Korea
Kurt Nimmo | U.S. further
antagonizes a bellicose North Korea, deemed part of an “Axis of Evil” by the
neocons.
Gunfire Erupts Inside Taj Mahal Casino, 1 Dead - Second
Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else
would you you expect from a mobster’s casino in mob-infested jersey!
5-26-09
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Depression suddenly humbles
high-tech sector Appetite for
U.S. Assets Crashes Carmakers' Woes
'May Cost Six Million Jobs'... World Bank says rising
unemployment raises threat of social crisis Obama: We Are Broke. Well, Duh!
Gold
May Target $1,250 Peak, Standard Says: Technical Analysis Its Not Just Big
Banks . . . Some Small Banks in Trouble Also
Waterboard
the Fed Dean Baker | The Fed bears primary
responsibility for the economic collapse.
Torturing
the Rule of Law Another Establishment News Site Confirms Obama Officials
Attended Bilderberg 2009
Scientology goes on trial
for fraud in France
North Korea fires more
rockets, says U.S. hostile
DRUDGEREPORT:
GM revamp under attack; Feds
to cancel debts, inject aid...
Carmakers' Woes 'May Cost Six
Million Jobs'...
WHO chief says world should
prepare for severe flu...
FIAT already concerned for 'deteriorating'
CHRYSLER...
'Oil to Reach $75'...
British banks revolt against
Obama tax plan; May refuse American clients...
DRUDGEREPORT:
SPEAKER SURPRISE IN SHANGHAI!
'WE'RE OUT OF MONEY'
Sat May 23 2009 10:32:18 ET
In a sobering holiday interview with C-SPAN, President Obama boldly told
Americans: "We are out of money."
C-SPAN host Steve Scully broke from a meek Washington press corps with
probing questions for the new president.
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of
$11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now. We are operating in deep deficits,
not caused by any decisions we've made on health care so far. This is a
consequence of the crisis that we've seen and in fact our failure to make some
good decisions on health care over the last several decades.
So we've got a short-term problem, which is we had to spend a lot of
money to salvage our financial system, we had to deal with the auto companies,
a huge recession which drains tax revenue at the same time it's putting more
pressure on governments to provide unemployment insurance or make sure that
food stamps are available for people who have been laid off.
So we have a short-term problem and we also have a long-term problem.
The short-term problem is dwarfed by the long-term problem. And the long-term
problem is Medicaid and Medicare. If we don't reduce long-term health care
inflation substantially, we can't get control of the deficit.
So, one option is just to do nothing. We say, well, it's too expensive
for us to make some short-term investments in health care. We can't afford it.
We've got this big deficit. Let's just keep the health care system that we've
got now.
Along that trajectory, we will see health care cost as an overall share
of our federal spending grow and grow and grow and grow until essentially it
consumes everything...
SCULLY: When you see GM though as “Government Motors,” you're reaction?
OBAMA: Well, you know – look we are trying to help an auto industry that
is going through a combination of bad decision making over many years and an
unprecedented crisis or at least a crisis we haven't seen since the 1930's. And
you know the economy is going to bounce back and we want to get out of the
business of helping auto companies as quickly as we can. I have got more enough
to do without that. In the same way that I want to get out of the business of
helping banks, but we have to make some strategic decisions about strategic
industries...
SCULLY: States like California in desperate financial situation, will
you be forced to bail out the states?
OBAMA: No. I think that what you're seeing in states is that anytime you
got a severe recession like this, as I said before, their demands on services
are higher. So, they are sending more money out. At the same time, they're
bringing less tax revenue in. And that's a painful adjustment, what we're going
end up seeing is lot of states making very difficult choices there...
SCULLY: William Howard Taft served on the court after his presidency,
would you have any interest in being on the Supreme Court?
OBAMA: You know, I am not sure that I could get through Senate
confirmation...
Developing...
DRUDGEREPORT:
NORTH KOREA CLAIMS SUCCESSFUL NUKE TEST SIMILAR TO PREVIOUS
ISRAELI NUKE TEST
Report: Pyongyang also test-fires
short-range missile that’s not quite as good as israel’s american made
missles...
SKorea military forms
economic crisis team...
Japan says test on
economic fundamentals 'unacceptable'...
U.S. 'gravely
concerned' with being broke, war crimes, corruption, highest domestic crime
rates in the world, etc.,...
Obama
says israeli/american war crimes/actions 'threat to international peace'...
Britain: 'Breach'
of UN resolutions 242 AND 338…Oh wait, those are the un resolutions israel is
in breach of...
Asian markets
rattled...
Towns Rethink Self-Reliance
as Finances Worsen...
THE TEST...
'ON A PAR WITH HIROSHIMA'...
Widens threat, limits US
options...
Preparing to launch
ground-to-ship missiles ...
Aggressive... Condemned...
UN Urgent Meet...
Japan says 'unacceptable'...
Iran sends six warships to
international waters in response to israeli threats...
'Historically
unprecedented owing to israeli nuclear threat'...
Ahmadinejad rejects Western
nuclear proposal until they deal with israeli illegal nuclear stockpile...
...wants to debate Obama at
UN…who responds, thanks to decades of flawed American policy……… 'WE'RE OUT OF MONEY'...
Netanyahu defies Obama in the
name of war... Will build in existing settlements in the name of
war...
5-22-09
Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Bill to Audit Fed Wisely Gains
Serious Momentum U.S. to Steer GM Toward
Bankruptcy Gold tops $960 for first time in
two months as dollar weakens South
Afica gold coin demand hits all time high Peter
Schiff called “Extremist” by Time Magazine Geithner
Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold
Poised for Third Weekly Gain as Dollar Slumps Against Euro “The
Odds on the Dollar, Treasury Bonds and the U.S. Government’s AAA Grade All
Heading for the Dumpster are Shortening”
COLUMN-The ugly
attraction of fast shrinking Japan: James Saft By James
Saft LONDON, May 21 (Reuters) - Sure, seeing your economy shrink at a 15
percent annual clip is depressing, quite literally, but if you believe in even
a tepid global economic recovery in the second half, then Japan is actually
attractive. France 24 Video: Japan GDP in
worst postwar shape 
France 24 Singapore
Q1 GDP slumps 14.6 pct, very bad but the crazy singaporeans join the wall
street lunatic crowd in chanting… less bad than expected…riiiiight!…dahhh!
…guardian.co.uk
Bill to Audit Fed Wisely Gains Serious Momentum Kurt Nimmo | The
prospect of Ben Bernanke shorn of his arrogance, dragged before Congress, and
compelled to answer questions is becoming a distinct possibility. It looks like the
Federal Reserve may finally have something to worry about now that HR 1207 is
finally gaining serious steam. If enacted, HR 1207 will amend title 31 of the
United States Code and reform the manner in which the Board of Governors of the
Federal Reserve System is audited by the Comptroller General of the United
States.
Revolution in the air BBC | The
government is failing, as war and economic catastrophe are dealt with in
increasingly unconvincing fashion by second-rate public servants.
Rachel Maddow Criticizes Obama on “Prolonged Detention” Orchestrated New York Terror Plot Exploited to Increase
Funding Exactly As We Predicted; Deadly NY Terror Cell Are
Semi-Retarded Potheads Zelikow Caught in a
Whopper; Made False Statements to Author about Criminal Referral for NORAD, FAA
Concern mounts over
US Predator covert killings As Israel rages, US
Self-destructive and dumb plans for Iran war re-emerge US Senate throws
weight behind war, Gitmo US, Israel together
in ‘dismantling Iran’ Satellites to
Streamline U.S. Intelligence Agency Narcotics Trafficking Operations That’s
not a misleading headline for those of us who have been paying attention. But
then again, how many people have ever of SEASPRAY? This looks like an updated
version of SEASPRAY, which is part of how Barry Seal was able to move tons of
drugs into the U.S.
DRUDGEREPORT:
DOLLAR
PLUNGE; FEAR OVER DEBT
GM revamp under attack; Feds
to cancel debts, inject aid...
FIAT already concerned for
'deteriorating' CHRYSLER...
Lawmakers want Obama to slow
down on autos...
California faces its day of
fiscal reckoning...
Florida's BANKUNITED Goes
Bust; Year's Biggest...
Recession Turns Malls Into
Ghost Towns...
Fed President Says Inflation
to Increase...
Editorial: Abuse of kids in Ireland
5-21-09
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new Treasury aid
(AP) Dollar
hits '09 low on rating fears; stocks dip (Reuters) U.K. to Lose AAA Rating at S&P as Finances Weaken U.S. Stocks Decline on Jobless Claims, greenspan, who
helped create the debacle and should thereby know, Warning Gold May Test $1,200
Jesse
Ventura: Cheney should be waterboarded, but couldn’t survive it Media
Ignores Real Controversy Behind Torture Photos; They Show Prison Guards Raping
Children Federal
Agency Says It Can Search Your Home Without A Warrant Obama’s
Trail of Broken Promises: Morphing Dick Cheney Obama
Is Considering Doing Something Even Bush Didn’t Try: “Preventive Detention” of
People Who Will Never Get a Trial No we can’t:
Obama’s Guantanamo Western
Media Propagandize Iran’s Missile Test
CHENEY: HOW DOES ANYONE LISTEN OR EVEN INTERVIEW THIS
FAILED, INCOMPETENT, POLITICIAN/WAR PROFITEER/WAR CRIMINAL WHO SHOULD BE IN
JAIL ALONG DUMBYA BUSH AND WHATEVER REMAINS OF THEIR FAILED WASHINGTON
CONTINGENT WHO REGRETTABLY HAVE FOUND IN THE CURRENT ADMINISTRATION SOMETHING
LESS THAN THEIR JUST DESSERTS, IE., PROSECUTION, JAIL, ETC.; PARTICULARLY
EGREGIOUS IN LIGHT OF THEIR DAMAGE TO THE NATION, ALTHOUGH THE PREVALENCE OF
FAILED FACES/ INSIDERS/ BUSHIES /LIMBOTS /HANNIDOTS /CLINTONISTAS /ETC.,
JUSTIFIES SOME SUSPICION
i., Gonzales approved
‘borderline torture’ months before ‘torture memos’ issued: report The velvet gloves are off and the reality of Obama’s
Middle East plans are being revealed: a bare-fisted pummeling of Afghanistan
and Pakistan — with Iraq’s fate yet to be determined. Why
the Government’s Attempt to Instill False Confidence Will Backfire Chomsky: Obama
Policies Same As Bush Obama
administration sides with Bush officials against outed CIA agent
DRUDGEREPORT: Jobless
Claims Set Another Record...
CBO:
Unemployment will keep rising through 2010...
Michigan
rate reaches 12.9%...
Feds
give $50M in aid to towns hit by auto layoffs...
Michael
Moore targeting economic crisis...
Britain's debt outlook lowered to negative...
Day
of reckoning for US dollar...
PAPER:
Stimulus Spending transparency not what promised...
Former
Col. Advocates Military Attack on “Partisan” Media
5-20-09
The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The
Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP.
NATO
exercises provoke Russia ABC News Reports On Secret Meeting Of The Rich, Yet Ignores
Bilderberg Completely which is noteworthy since if they do one
they should do the other, but nobody expects more from u.s. media, nobody
CIA head: J’lem knows not to attack Iran Guantanamo Prisoners STILL Being Tortured Under Obama (and
toward what end at this date – to get them to say things of which the prisoners
have no knowledge bu they want to hear to justify budgets, war, etc., as
before) US National Archives lose sensitive data The US
National Archives have reported that a hard drive containing Social Security
numbers, addresses, as well as Secret Service and White House operating
procedures has come up missing, reports the AP.
DRUDGEREPORT:
Day of reckoning for US
dollar, US to lose AAA status...
Panetta: Israel knows
launching attack against Iran would mean 'big trouble'...
GMAC to Get $7 Billion From
Gov't, Surrender Control...
Synagogue Terror Plot in
NYC...
'Stinger missiles'...
4 arrested...
'Revenge for U.S. action in
Afghanistan'...
Funds move to halt CHRYSLER
restructuring; Indiana pension takes court action...
israeli settlers reject Obama
call to halt building so that war crimes may continue...
5-19-09
Another Bottom
for Stocks Coming: Rogers (at CNBC) HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Deficit surges at
agency that insures pensions (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy China and Brazil Plan to Dump Dollar This Economy
Ain't Healed Yet (at Seeking Alpha)
The Real Lesson of
the Financial Crisis The financial
channels are abuzz with talk of a recovery, but we’re not out of the woods yet.
In fact, the deceleration in the rate of economic decline is not a sign of
recovery at all, but proof that the economy is resetting at a lower level of
activity. That means the recession will drag on for some time no matter what
the Fed does.
Hersh did not say
Cheney ordered Bhutto assassination
DRUDGEREPORT: Obama's
new rules will transform US auto fleet...
President
to set standards of car emissions...
Consumers
face higher car prices...
GM BANKRUPTCY PLAN: QUICKIE SALE TO GOV'T
UPDATE:
Dems won't fund Guantanamo closing...
White
House insists will still shut in Jan...
Reid
joins Biden, Pelosi in misstatements...
'EIGHTH
WONDER OF THE WORLD'...
47-MILLION-YEAR-OLD
MONKEY, MISSING LINK IN HUMAN EVOLUTION?...
Fossil
Discovery Heralded...
Hamas:
Obama's remarks a deception...
Clinton
fundraiser convicted of corruption...
OFF
WITH HER WEB! City sends cease and desist order after exposé on council
members...
VIOLENT
CRIME UP 43% IN TRENDY MANHATTAN...
5-18-09
American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Current Recession Is Tracking the 1930s Bear Market Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos/confusion/criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less)]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted of on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves Gold likely to test $950 level this week Blue collar males lose more
ground; unemployment rate surges past national average...
Seal U.S.-Mexico Border to Prevent Spread of Swine Flu,
Says Democratic Homeland Security Committee Member Iran’s missiles not an existential threat say israelis t
DRUDGEREORT: CDC:
100,000 LIKELY INFECTED WITH NEW STRAIN IN USA
FACE TO FACE... Obama gives Iran until end of
year on nuclear talks... Orders Israel: Halt all
settlements ... holocaust denial
realistically widespread among israeli Arabs... Israeli intelligence issues
FACEBOOK warning... NEVADA GOV. LASHES OUT AT OBAMA'S 'RECKLESS
COMMENTS'... 'STOOD FOR CHANGE,
BUT ALL HE'S DONE IS BROUGHT NEGATIVE ECONOMIC CHANGE'... Blue collar males lose more
ground; unemployment rate surges past national average...
Bombing, US strike kill dozens in Pakistan
5-15-09
Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism
“The
Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.”
Tucker from Greece: Bilderbergers own President Obama Obama will continue
Bush-era military tribunals
DRUDGERPORT: Panetta to CIA: We told
Pelosi the truth...
White House Dodges Question
About House Speaker...
U.S. ATTORNEY'S
OFFICE: STAY OFF DRUDGE BECAUSE OF VIRUS!
PELOSI VS. CIA... THEY LIED TO ME! 'Congress Was Misled'... Flustered... Video... Fuzzy... Dems: CIA briefers may have
broken law... Senator: 'Why would the CIA
brief on methods not used?'... GOP BACKS AGENCY...
Cheney request denied...
Military trials: Obama’s U-turn
US stance gives hope, says Jordan
Palestinians mark Nakba in Gaza
Bellicose israel
ups war training despite US discontent
5-14-09
The Secrets of the Federal
Reserve BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators U.S. Economy: Retail Sales Unexpectedly Fall for Second
Month FDIC
Planning For Huge Bank Failure? Blatantly
Obvious Manipulation of Gold Prices US
forced banks to take bailout money
The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem.
Breaking: CBS Reporting Two
SEC Lawyers Under Insider Trading Investigation Authorities probe insider
trading at SEC: source ‘Of Foxes and Henhouses’ …..woe
Renowned technician Robert Prechter
is sounding the bear alarm: He warns that
the current rally isn’t sustainable, and that the S&P 500 index could drop
to half its March lows. According to Reuters, Prechter, who correctly
forecasted the 1987 stock market crash,
stamped out the “green shoots” statement recently put forth by Fed Chairman Ben
Bernanke. “It’s not the start of a new bull market,” Prechter, chief executive
of research firm Elliott Wave International, said. “Our models are (showing)
right now that it is a much bigger bear market than most people realize,
something along the lines of 1929-1932.” Prechter continued to describe the
current scenario as a very rare event, and said he expects another leg down in stocks
to possibly be as severe, if not more severe, than the declines suffered in
2008 and 2009.
Tucker Confirms Geithner Presence at Bilderberg Meeting
Drudgereport: PELOSI
VS. CIA...
THEY
LIED TO ME!
'Congress
Was Misled'...
Flustered...
Video...
Fuzzy...
Dems:
CIA briefers may have broken law...
Cheney
request denied...
Obama Says Debt Load 'Unsustainable'; Warns of skyrocketing interest
rates...
GOVERNMENT
MOTORS: CHINESE-MADE CARS TO USA...
GM,
CHRYSLER to cut 3,000 dealers...
Jordan king: Israel must accept Palestinian state...
MILLIONS
IN STIMULUS CHECKS: FOR DEAD PEOPLE?
Myanmar's Suu Kyi charged
over U.S. intruder … ridiculous! … I mean, who in their right mind would
encourage a guest from the u.s. … Must have been a set up…r Clinton: Myanmar should
release opposition leader
Jordan presses Israel on peace
Editorial: Growing support for Palestinians
Jordan king: Israel must
accept Palestinian state (AP)
‘US strike killed
95 children in Afghanistan’ Afghan
officials reveal that 95 children are among the civilians killed in a US-led
strike that is surrounded with the controversy over use of white
phosphorous. US looking to boost
military funding for ‘right war…riiiiight’
Pope in Bethlehem endorses
Palestinian homeland...
Israel arrests
journalist critical of Gaza war
Secret Bush-Clinton-Federal Reserve Pakistani Accounts
Revealed Tom Heneghan | Focus is not only on the
massive New York state financial derivative Ponzi Scheme, but is now centered
on money laundry, and possible funding of alleged terrorists in Pakistan.
Iraq rules out extension of U.S. withdrawal dates
New Afghan
commander fingered in Tillman coverup
Blind Interpreter
Arrested, Held Without Food & Water For Hours For Asking Why Flight Was
Delayed CIA and ISI
together created Taliban, says Zardari ‘Iran deploys
missiles in Persian Gulf to deter israeli aggression’
Jerusalem plan called dangerous RIYADH:
Foreign Minister Prince Saud Al-Faisal yesterday called an Israeli plan to
demolish Palestinian homes in East Jerusalem and surround the city with
Jewish-controlled sites “dangerous and provocative.”
Zadari: Osama was an
“Operator” for the United States
Pope calls for Palestinian homeland
Mideast peace: A timely warning
Israel plans to cement its hold on Jerusalem
U.S. forces shoot Iraqi boy
dead after grenade attack (Reuters)
Israel will not pull out from Golan
justifying action to eliminate/exterminate nazionist israel/israelis for the
sake of world peace and justice.
5-13-09
GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Baker:
If the Stress Tests are Accurate and the Banks Are Solvent, then Get the
Bankers’ Hands Out of Our Pockets U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month Wall Street falls as economic reality
resurfaces (Reuters) Trustee:
Madoff firm was family's piggy bank
America is broke. How
broke? NSN Money | Government obligations for Social Security and Medicare may soon
exceed the combined net worth of every household and nonprofit organization in
the country.
What Social Security's
Underfunding Means for Your Retirement U.S. News
& World Report - By Emily
Brandon Social Security and Medicare's annual checkup revealed that the
recession and longer life expectancies are taxing the health of the entitlement
system. UPI Video: Do you worry about
Social Security and Medicare? UPI Medicare, Social Security drying up faster than expected Bizjournals.com
MEDIA BAILOUT BEGINS: State
OKs tax cut for newspapers...
More Broken Promises: Obama’s Military Commissions,
Detainee Photos Betrayal
AP: White House 'loose with
the facts'; cites weak sourcing in VP's stimulus report...
Tillman’s parents
want general’s record reviewed
Tamiflu Developer:
Swine Flu May Have Been Released From A Lab
5-12-09
Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after 1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419
5-11-09
A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems.
…When measured
in ounces of Gold, the DOW has been in a secular bear market since peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
America is broke. How
broke? NSN Money | Government obligations for Social
Security and Medicare may soon exceed the combined net worth of every household
and nonprofit organization in the country.
CHENEY:
OBAMA ENDANGERS THE NATION – HOW DOES ANYONE LISTEN OR EVEN INTERVIEW THIS
FAILED, INCOMPETENT, POLITICIAN/WAR PROFITEER/WAR CRIMINAL WHO SHOULD BE IN
JAIL ALONG DUMBYA BUSH AND WHATEVER REMAINS OF THEIR FAILED WASHINGTON
CONTINGENT WHO REGRETTABLY HAVE FOUND IN THE CURRENT ADMINISTRATION SOMETHING
LESS THAN THEIR JUST DESSERTS, IE., PROSECUTION, JAIL, ETC.; PARTICULARLY
EGREGIOUS IN LIGHT OF THEIR DAMAGE TO THE NATION, ALTHOUGH THE PREVALENCE OF
FAILED FACES/ INSIDERS/ BUSHIES /LIMBOTS /HANNIDOTS /CLINTONISTAS /ETC.,
JUSTIFIES SOME SUSPICION
ie., The velvet
gloves are off and the reality of Obama’s Middle East plans are being revealed:
a bare-fisted pummeling of Afghanistan and Pakistan — with Iraq’s fate yet to
be determined. Why
the Government’s Attempt to Instill False Confidence Will Backfire Chomsky: Obama
Policies Same As Bush
American kills 5 fellow
soldiers at clinic in Iraq (AP)
Senators
Urge Obama to Block Release of New Detainee Abuse Photos
Former Top Rated NRA
Senator to Introduce Gun Ban This Week
US
accused of illegal white phosphorus attack in Afghanistan
Iraqi
PM tells Pelosi: We don’t need US troops in our cities
Iran urges
world action on Israeli nukes Iran says Israel’s undeclared arsenal of
approximately 200 atomic warheads is the only obstacle in the way of a
nuclear-free zone in the Middle East.
Law’s Unintended Consequences Paul Craig Roberts | It is easy to conflate “excessive” with “strong.” Thus,
demands that Israel be held accountable for war crimes committed in Gaza, the
West Bank, Lebanon, or elsewhere become acts of the hate crime of
anti-semitism.
5-8-09
[$$] Banks Won
Concessions on Tests (at The Wall Street Journal Online) [$$] Hit by
Mortgage Defaults, Fannie Needs $19 Billion (at The Wall Street Journal Online) [$$] Bank Shares
Range-Bound Near Term (at Barron's Online) AP Sources:
Obama wants Fed to be finance supercop which is one of the dumber things I’ve
ever heard (very bushy) since the fed is the super criminal, capo, godfather,
etc., in the criminal enterprise called american finance/scam the
taxpayer/etc., in this fraud of monumental proportion … the bubble will again pop Fannie Mae
seeks $19B in US aid after 1Q loss Buffett's Berkshire has
first loss since 2001 Fed Sees Up to $599 Billion in
Bank Losses Is Rupert Murdoch losing it? Already past tense; he’s
lost it…so…..? EU Calls
for “Internet G12″ for Global Internet Governance US
unemployment hits 25-year high China fears bond
crisis as it slams quantitative easing The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY?
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
Police Investigate
Man With Civil Liberties Sticker As Possible “Extremist”
Pelosi was briefed
on waterboarding in 2002, despite saying she wasn’t: report
Probe confirms US
raid targeted Afghan civilians
DRUDGEREPORT: Employers
Cuts 539,000 Jobs in April...
Government
hires 66,000...
Unemployment
Rate hits 25-year high...
After
bailout, GM to move jobs overseas...
...bankruptcy
looms
Beware
of the sucker's rally?
Editorial: Slaughter first, then apologize It is simply not good
enough for US Secretary of State Hillary Clinton to “deeply” regret the slaying
this week of over 100 innocent Afghan civilians, including some 20 children,
near Farah in western... US blitz kills 100 Afghan Civilians
Group protests Israeli move on pope’s visit
to Palestine
Israeli ‘dove’
speaks of Iran war
Israel would not
ask U.S. before hitting Iran
The End of Free
Speech? Criminalizing Criticism of Israel
UN blasts Israel
for school attack
US wants Israel, India, Iran to sign NPT
Israeli troops kill
Palestinian at West Bank shrine (Reuters)
Most Israelis would support Iran strike justifying
action to eliminate/exterminate nazionist israel/israelis for the sake of world
peace and justice.
5-7-09
U.S. banks race
to fill $74.6 billion stress test hole NY Fed chair
resigns amid stock purchase questions and while they’re at it ask him and tiny
tim geithner about the missing $4 trillion at the N.Y. fed bank among other
things BofA needs $33.9 billion,
eyes stock and asset sales
Cyberbullying Bill Not About
Protecting Kids, It is About Shutting Down the Opposition Rupert Murdoch: “Internet Will
Soon Be Over – in his wet dreams along with presidents hillary, rudy, and
mccain – must be ancestral flashbacks to the penal colony days in australia” Taking on the banking cabal Looking Back on the Greatest
Depression 401(k)s
Hit by Withdrawal Freezes Taleb:
Global Crisis “Vastly Worse” Than 1930s, Buy Gold and Copper Dollar Hovering at
Cliff’s Edge Group
names 25 lenders responsible for economic meltdown $58: Oil prices
jump to new six-month high...
GM posts $6 billion loss for
first quarter...
Cyberbullying Bill Not About Protecting Kids, It is About
Shutting Down the Opposition Kurt
Nimmo
| The Megan Meier Cyberbullying Prevention Act is about whittling away the
First Amendment and tricking Democrats and so-called “progressives” into
supporting tyranny.
Taking
on the banking cabal Group names 25
lenders responsible for economic meltdown
Looking Back on the Greatest Depression …Many financial analysts no
less “expert” than those pushing through the bailouts were convinced that
allowing the credit markets to seize up would, in the long run, prove far less
costly than endlessly printing money and pouring it down a plush-lined sink
hole. Buffett was wrong. It wasn’t a “war” at all. It was a
criminal case, or should have been, but the accused took a financial Fifth Amendment –
the right to remain silent, since any statement made could be used as evidence
against them – and got away with it. When, at a hearing before the Senate
Budget Committee, Fed Chairman Ben Bernanke was asked, “Will you tell the
American people to whom you gave $2.2 trillion of their dollars?” He answered,
“No.”
DRUDGEREPORT: Stress Tests Find Banks Need
Additional $75B ...
CREDIBILITY CONCERNS...
Political risks grow in
financial crisis...
'National bailout agency' for
U.S. cities...
NUMBER OF UNEMPLOYED GETTING
BENEFITS CLIMBS TO RECORD...
$58: Oil prices
jump to new six-month high...
GM posts $6 billion loss for
first quarter...
...bankruptcy looms
5-6-09
BofA, Citi,
Wells need capital under stress tests NEED BILLIONS AND BILLIONS MORE Bank stress tests show some
banks need more funds Almost a Quarter of U.S.
Homeowners Are Underwater Banks Need Billions More Globalizing the Internet Hedge
Fund Leader Blasts Obama for “Bullying” and “Abuse of Power” About that “loan”:
Obama team writes off $7 billion taxpayers loaned Chrysler $56: Oil prices
jump to new high for year... US wants Israel, India, Iran to sign NPT
7 of 10 lawmakers skip
oversight hearing...
Lawmakers pass
resolution claiming Oklahoma's sovereignty...
Annual Elite
Conclave, 58th Bilderberg Meeting to be held in Greece, May 14-17
Flu Pandemic Propaganda and Profit
US blitz kills 100 Afghan Civilians
5-5-09
Bank of America
to need $34 billion in capital: source Yen rises,
stocks slip on Bank of America needs Moody's downgrades NYSE
Euronext debt (AP) Auditors see SEC
deficiencies Stress Test
Results Seem to Be Changing Daily (at Seeking Alpha) We Haven't
Reached the Bottom Yet About
that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler US
Fed rejects request to help credit card holders Fed
Stress Tests to Show About 10 Banks Need Capital Gold
Climbs to One-Week High as Dollar Declines; Platinum Gains Editorial: Bleak forecast for EU economies Michigan
residents mine bodies for cash; Sellers offer hair, blood... GM plans
1-for-100 reverse stock split...
FBI
E-Mail Says Bush Authorized Abuse of Iraqis | FBI agents claimed in an
e-mail that Bush signed an executive order approving the use of military dogs,
sleep deprivation and other harsh tactics to intimidate Iraqi detainees. Torture memo
authors unlikely to be prosecuted
Obama wisely hints at tougher
line on Israel...
US forgives Israeli spies amid AIPAC heat A US court
has formally dropped espionage charges against two pro-Israeli lobbyists amid a
scandal that had threatened to expose the extent of Israeli grip on US
politics.
5-4-09
Georgia, N.J.
and Utah banks fail The Economic
Pain Ain't Over Yet Obama says
financial sector to shrink (Reuters) Buffett
dispenses gloom at Berkshire fest…daaaah! Warren Buffett
warns inflation is on the horizon …daaah!(at Fortune) SHOCK CLAIM: WHITE HOUSE BULLY THREAT OVER AUTO BANKRUPTCY...
China 'cutting down purchases of US Treasury bonds'... Obama: Wall Street will play less dominant role... ...financial
sector to shrink European
economy 'will shrink 4%'
About 10 U.S. stress test
banks to need more capital
UBS remains
cautious after confirming first-quarter loss AIG to post
first-quarter loss, no new bailout: source Prepare for
Another Round of U.S. 'Stimulus' Propaganda Swine Flu A Hoax, But Martial Law All Too Real U.S. families rely on handouts
in world’s richest country Attack on the
Chrysler Capitalists Obama
Pushes ‘Crackdown’ on Legal Tax ‘Havens’ Economic
downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'...
Article by Sajal
- Strategists on Market Direction:
Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock rally. Bob Doll: "Almost a 30% move
in less than 2 months so a rest somewhere along the way at best by going
sideways. David Tice, of the Federated Prudent Bear:
"A lot of companies beat estimates by cost cutting measures. We believe
this market is going to go a lot lower. This has been a heck of a bear market
rally. Market will take out the 666 low. Economy is still in very very bad
shape. Volcker said that economy has been functioning only due to the grace of
government intervention. Market hasn’t priced in economic carnage when it is
currently at 22 times forecasted 2009 earnings. Stephanie Giroux, chief investment strategist at the brokerage TD
Ameritrade: "I think the market rally that we're seeing is a little bit of
false euphoria. When the market starts to digest that the less bad isn't going
to be enough, you'll see it maybe take a breather for a while." Colin Robertson, global head of asset allocation at Hewitt
Associates: "Enormous amounts of money have been and need to be raised,
and that will be a constraint on the markets for some time. Stephanie Pomboy:
"At the end of the day, earnings, to state the obvious, are what makes the
stock market go up -- and down. The prospect that they are in for a fresh
drubbing is all the more ominous because it's unexpected. bear-market rallies come and go,
but what makes this one so noteworthy is just how far removed perception is
from reality." - Other comments included in the article
by Sajal…"We are in year 9 of an 18-year secular
bear market. The S&P 500 peaked in real terms back in
August 2000. Adjusted for the CPI, it is down 58% since that time. So, we would
say that we are in year 9 of what is likely to be an 18-year secular bear
market, because if you look at long waves in the past, they tend to last about
18 years with near perfection…"Using current valuations, if one
were to calculate the P/E multiple on 2009 earnings, one lands up with 14x
using operating earnings and 30x using as reported earnings. We will leave
investors to make their own judgment but P/E multiples of 30x certainly scream
bubble to us…article by Sajal
Buffett dispenses gloom at
Berkshire fest…Buffett offered a gloomy forecast for parts of the
economy and Berkshire itself, saying some units are laying off workers as
managers "look at the reality of the current situation."… Buffett acknowledged that Berkshire will probably
lose money on derivatives tied to the credit quality of junk
bonds, though he still expects to make money on a much larger and
longer-term derivatives bet that stock prices will rise (now clear is the
reason he’s been shilling stocks though contra-indicated).
The Economic Pain Ain't
Over Yet ‘Bottom line - the government is doing absolutely the
wrong thing. They are supporting those that created this mess (with significant
moral hazard) to prompt more credit when the root of our problems is too much
credit. We need to flush the system and get rid of the credit spending but
instead we are pushing for a new bubble. At best, if it works, we are kicking
the problem down the street. Not a good plan - not at all!! The other day I
mentioned I do not like Geithner or Summers. … If you like Summers and
Geithner, please take the time to read up on them. They are insiders on the
banks we are supporting with obscene amounts of money, which makes me sick.
These people need a public flogging, not taxpayer support.’
Howard Zinn: 9/11 Investigation a “Diversion”
WHO reportedly prepares to
declare pandemic New swine flu cases in
Europe, US, Latin America
NKorea accuses US
of plotting war
Egypt: Israeli
nukes ‘greatest threat’ to security Western
policies based on pressuring Iran to give up its nuclear program will fail
because they disregard Israeli nuclear capabilities, which is “the first and
greatest threat to security in the region,” an Egyptian Foreign Ministry
spokesman said on Monday.
Israeli air raid kills 2 Palestinians in Gaza
‘Israel abusing Gaza patients’
Israeli air raid kills two Gaza Palestinians: medics (AFP)
5-1-09
Social Security: Bankrupt System Will Impact
Markets Sooner Than Expected Georgia, N.J. banks fail, bringing '09 total
to 31 U.S. Economy: GDP Shrinks in Worst Slump in 50 Years Auto sales plunge to near 30-year lows [$$] The Overvalued Market Needs a Healthy
Pullback Major wholesale bank shuttered …Silverton, Ga…and then
Ridgewood, n.j. for 31st bank failure
this year (at CNNMoney.com) Manufacturing declines at slower rate in April …
riiiiight!…(AP) Chrysler to close 5 more plants; court case
begins Results delayed again on banks stress tests
…the fudge factor!…(at bizjournals.com) Regulators close two more banks U.S. families rely on handouts
in world’s formerly richest country Elliot Wave Theorists Claim Pandemics Always Happen In a Bear
Market CITI Said to Need Up to $10 Billion; Bank Disputes 'Stress Test'
Result... ‘China cancels
America’s credit card’ China, wary of
the troubled US economy, has ‘canceled America’s credit card’ by cutting down
purchases of debt, a US congressman says.
‘…economic conditions remain dour. Factory
orders for March declined 0.9%, which is worse than the 0.6% decline that was
widely expected, and February orders were revised lower to reflect an increase
of 0.7%. Meanwhile, the ISM Manufacturing Index for April showed continued contraction.
It came in at 40.1. However, that was better than the 38.4 that was expected,
and was also up from 36.3 in March. With economic conditions continuing to
challenge businesses and consumers, Ford (F 5.69, -0.29) announced April auto sales
fell 31.6%, while General Motors (GM 1.81, -0.11) said its US sales fell 34% in April…’
FEMA Blasted Over 9/11 Images In Children’s Coloring Book NRC Study Calls for Covert “Cyberattack” Against
“Non-state” Enemies Yet another Crisis, Yet another Call for World Government U.S. families rely on handouts in world’s formerly richest
country Elliot Wave Theorists Claim Pandemics Always Happen In a
Bear Market CDC: Swine Flu
Positive For “Global Community” May Day turns
violent in Europe
DRUDGEREPORT: JUSTICE
SOUTER RETIRING... DEVELOPING...
To
leave 'best job' in 'worst city' ...
Possible
Replacements...
FLASHBACK:
Obama joins filibuster bid against Alito...
Biden,
Clinton, Too...
Stress-Test
Results Are Delayed Again by Fed as Examiners, Banks Debate Findings...
CITI
Said to Need Up to $10 Billion; Bank Disputes 'Stress Test' Result...
Obama
losing viewers: Latest primetime telecast down 29%...
PAPER:
NY GOV PAYS OUT $300K TO WHITE PHOTOGRAPHER AFTER FIRING HIM TO HIRE BLACK
ONE...
TOUGH
QUESTIONS AWAIT WARREN BUFFETT ON WORST-EVER YEAR...
UN demands Israel stop demolitions
Straight-shooting
Professor's
Holocaust-Gaza comparison stirs debate (AP)
U.S. to Drop Spy Case Against Pro-Israel Lobbyists
4-30-09
Chrysler files
for Chapter 11 bankruptcy Motorola loss
widens; analysts see worrisome signs Dow Chemical
1Q profit tumbles 97 percent With earnings
bar low, April fraudulently strong for stocks Will
the Swine Flu Get the Same Response as the Financial Crisis - Protect the
Status Quo without Really Changing Anything? U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years Top Senate
Democrat: bankers “own” the U.S. Congress Stress-Test
Results Are Delayed by Fed as Examiners, Banks Debate Findings...
Texas Doctor Claims
Swine Flu Cases Far Worse Than Reported, Level 6 Pandemic In Effect Military in Charge
of Swine Flu Monitoring Swine flu reaches
Switzerland and the Netherlands
WHO Expected to
Declare Level 6 “Within Days” Reuters | The World
Health Organization is expected to move quickly to designate a full pandemic —
at level 6 of its 6-point scale — within days to reflect the continuing spread
of swine flu among people who have not been to Mexico, including in Europe.
Military in Charge
of Swine Flu Monitoring A doctor in Texas claims that swine flu cases are at least
ten times worse than officials are letting on, and that hospitals are becoming
overwhelmed as the virus has already crossed the threshold to be considered a
phase 6 global pandemic.
Four Killed In
Unsuccessful Attack On Dutch Royal Family
DRUDGEREPORT: BIDEN
SOUNDS THE ALARM!... VP
SAYS HE WOULD AVOID PLANES, SUBWAYS...
VIDEO...
Bloomberg
to ride subway from Gracie Mansion to City Hall...
Scientists
see flu strain as 'relatively mild'...
Source
spawns wild theories...
Obama Mexico delegation official probable flu case...
World
Bank: DC employee probable...
Toddler
who died visited Houston mall...
WHITE HOUSE ISSUES HEALTH ADVISORY FOR
OBAMA'S MEXICO TRIP
First
Pandemic Since 1968...
Israel
warns EU to tone down its criticism...How embarrassing for the EU that nothing
nation israel should so speak against truth.
CHRSYLER
to file Chapter 11 in NY...
Will temporarily idle manufacturing starting Monday...
Receive up to $8 billion in gov't financing...
Obama
announces CHRYSLER-FIAT partnership...
CEO
Robert Nardelli out after emergence from bankruptcy...
NPR:
JUSTICE SOUTER RETIRING... DEVELOPING...
SPOKESWOMAN SAYS SOUTER
HAS NO COMMENT...
OBAMA'S TURN: SUPREME COURT SET FOR SHAKEUP
4-29-09
U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through…” Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U...
WHO Officially Raises Alert Level to 5 Flying Pigs, Tamiflu and Factory Farms Is Swine Flu A Race-Specific Virus? Memo: 9/11 Commission Witnesses Were Intimidated By
Government “Minders” Manhattan Fly-over and the National Security State Paul Craig Roberts: “America is no longer ruled by the law”
Former Senior Intelligence Officer Dismantles Arguments for
Covering Up CIA Torture
Paul Craig Roberts: “America is no longer ruled by the law”
Russia Today | Reviewing his policy, the election honeymoon was
not that sweet to begin with and many in the US seem disappointed. Prominent
economist Paul Craig Roberts is among those.
DRUDGEREPORT: World takes drastic steps to
contain flu... LEVEL
5
Hits home in USA: Now in 11
states...
UPDATE: France asks EU to
suspend flights to Mexico...
WHO: Only 7 swine flu DEATHS,
not 152...
CDC: 91 confirmed cases in
USA...
EGYPT ORDERS CULL OF ALL
PIGS...
*FARMERS RIOT...
Mexico visitors head for
home...
UK to leaflet every house...
EU Commision expects deaths
in Europe...
Phoenix police wearing gear
to protect against flu...
California Marine has swine
flu; 30 quarantined...
Economy shrinks at
worse-than-expected pace...
Metro Unemployment
Skyrockets; Some Cities See Rates Comparable To Great Depression...
STRESS: Fed Finds at Least 6
of 19 Biggest Banks Need to Raise More Capital...
CITI scrambles... MSNBC's Washington HQ Can't
Make Rent: Looking to Share Space with Local U...
4-28-09
Sun's loss widens on restructuring,
slumping sales Citi, BofA may need more capital after
stress tests (Reuters)
GM to force more than 1,000 dealers to close Consumer confidence soars past forecasts
(on fake conference board report) in April – Come on! Even americans are not
that shortsighted/blind/dumb!… l Douglas, Stone head back to `Wall Street'
(AP) E-Trade Financial 1st-qtr loss widens,
shares fall (AP) Textron's 1st-quarter profit falls 63 pct (AP)
Weaponizing Deadly Viruses: Historical Precedents Chairman of Gore Climate Hearing Strikes Gavel, Cuts Off All
Dissent North Carolina “Involuntarily Isolating” Suspected Swine
Flu Patients Government “Template” for Mass Vaccination On the Flu Bug and Those Disappearing Microbiologists Obama Nominee Advocates Internet “Fairness Doctrine” Infowars | “A system of limitless
individual choices, with respect to communications, is not necessarily in the
interest of citizenship and self-government,” (Why Not!… that is Utopia!…and
Democratic!) writes Obama’s nominee for the Office of Information and
Regulatory Affairs.
Truth commission to
proceed despite Obama’s wishes A Wise Decision!
Hariri
on the Lebanese elections
Hariri vowed to block any attempt
to restore custodianship over Lebanon and urged voters in the Akkar region to
vote for the Future Movement's electoral ticket, which he announced at a massive
rally in the region, to reinforce national unity, democracy, social justice,
sovereignty, development and Lebanon's Arab identity
Lebanon, Politics, 4/27/2009
United
States supports free, independent, sovereign Lebanon
The United States supports a free, independent and sovereign Lebanon and
parliamentary elections there in June that are without intimidation and outside
influence, Secretary of State Hillary Rodham Clinton says.
Lebanon-USA, Politics, 4/27/2009
More
websites and blogs blocked by Bahrain
The Bahrain Center for Human Rights (BCHR), Manama, said on Friday the
Bahraini authorities have widened their campaign against all Internet outlets,
inside and outside Bahrain, which covers all aspects of public affairs in the
country.
Bahrain, Politics, 4/27/2009
Three
months after conflict, dire humanitarian situation for Gazans
Although the devastating Israeli military offensive against the Gaza
Strip came to an end three months ago, life for Gazans remains extremely
difficult, UN Under-Secretary-General for Humanitarian Affairs, John Holmes
stressed.
Palestine-Israel-UN, Politics, 4/27/2009
Ahmadi-Nejad:
Iran wants Palestinian legal rights restored
If Holocaust is a historical event why do the Western states show so
much sensitivity towards it? The president asked, saying if the Holocaust
happened in Europe why should the Palestinians pay the price for it. The
Palestinians had nothing to do with the Holocaust, he added.
Palestine-Iran-USA, Politics, 4/27/2009
Iran to
present new package of proposals soon
The statement which was released by EU foreign ministers earlier in the
day, urged a diplomatic settlement of Iran's nuclear row and made no explicit
call for tighter economic sanctions that Washington is contemplating
Iran-UN, Politics, 4/27/2009
Hamas
leader hails US-Iranian rapprochement bid
Hamas leader Khaled Meshaal welcomed Iranian-American rapprochement
efforts which could ultimately lead to normalized ties between both countries,
the Sunday edition of the German conservative daily Frankfurter Allgemeine
Zeitung reported.
Palestine-Iran-USA, Politics, 4/27/2009
Anti-racist
israel protesters in Edinburgh face racism charges
It was claimed the four caused alarm and distress to the musicians and
audience by shouting at the players while they were performing at Edinburgh's
Queen's Hall.
Palestine-Israel-UK, Politics, 4/27/2009
King:
Core Middle East Problem Must Be Resolved
Jordan, Politics, 4/27/2009
News from around the web:
Egyptians win the right to drop religion from ID cards
- CS Monitor
Egypt, Politics, 4/27/2009
China backs Syria's quest to recover
Golan - Yahoo! News
Syria-Israel-China, Politics, 4/27/2009
Syria'a Assad 'not optimistic' about
Israel talks: report - Yahoo! News
Syria-Israel, Politics, 4/27/2009
Obama govt asks for change in law on
Hamas: report - Yahoo! News
Palestine-Israel-USA, Politics, 4/27/2009
Obama welcomes his first Arab leader to White House
- CS Monitor
Jordan-USA, Politics, 4/27/2009
In Algeria, an abyss between truth and reconciliation
- CS Monitor
Algeria, Politics, 4/27/2009
In Lebanon's wild east, Hezbollah finds itself on left foot
- CS Monitor
Lebanon, Politics, 4/27/2009
Abbas says won't recognize Israel as
Jewish state - WashingtonPost.com
Palestine-Israel, Politics, 4/27/2009
Palestinians build stage for pope
next to barrier - WashingtonPost.com
Palestine-Vatican, Politics, 4/27/2009
Jerusalem settlement 'extended' - BBC
Palestine-Israel, Politics, 4/27/2009
Hamas, Fatah in Cairo in 'last' bid
to end feud - Yahoo! News
Palestine, Politics, 4/27/2009
No rejoicing for Israeli Arabs on
Independence Day - WashingtonPost.com
Palestine-Israel, Politics, 4/27/2009
Obama move alarms Israel supporters
- LA Times
Palestine-Israel-USA, Politics, 4/27/2009
Clinton Counters Israeli Stance on
Palestinians and Iran - WashingtonPost.com
Palestine-Israel-USA, Politics, 4/27/2009
Year-Old Liberal Jewish Lobby Has
Quickly Made Its Mark: J Street Is Leading Pro-Israel PAC, Filings Show,
Though Year-Old Group Has Attracted Criticism - WashingtonPost.com
Palestine-Israel-USA, Politics, 4/27/2009
Iraq Elects Parliament Speaker After
Nearly 4 Months of Delay - WashingtonPost.com
Iraq, Politics, 4/27/2009
Iraq mulls disbanding National
Security Council - Yahoo! News
Iraq, Politics, 4/27/2009
Clinton Assures Iraqis Pullout Isn't
Abandonment - NPR
Iraq-USA, Politics, 4/27/2009
Iraqi Sunnis Turn to Politics and
Renew Strength - NY Times
Iraq, Politics, 4/27/2009
Analysts: Political Instability Fuels
Iraq Blasts - NPR
Iraq, Politics, 4/27/2009
Iraq Resists Pleas by U.S. to Placate
Baath Party - NY Times
Iraq-USA, Politics, 4/27/2009
Deaths in U.S. Raid Elicit Anger in
Iraq: Prime Minister Threatens to Prosecute Troops - WashingtonPost.com
Iraq-USA, Politics, 4/27/2009
Iraqi archbishop decries Christian
slayings - WashingtonPost.com
Iraq, Politics, 4/27/2009
Jordan sees new war if US does not
act quickly - WashingtonPost.com
Jordan-Israel-USA, Politics, 4/27/2009
Turkish-Syrian military exercises
'worrying' - Yahoo! News
Syria-Turkey, Politics, 4/27/2009
Saudis use soft touch to 'save'
former militants - Yahoo! News
Saudi Arabia, Politics, 4/27/2009
Yemen's Jews uneasy as Muslim
hostility grows - WashingtonPost.com
Yemen, Culture, 4/27/2009
Saudis clamp down on women's gyms - BBC
Saudi Arabia, Culture, 4/27/2009
Lebanon general 'was Israeli spy' - BBC
Lebanon, Politics, 4/27/2009
Gates Voices Concerns About Release
of Interrogation Memos - NY Times
Regional-USA, Politics, 4/27/2009
Muslim calligrapher writes Luke's
Gospel for pope - WashingtonPost.com
Regional-Vatican, Religion, 4/27/2009
US universities expand in the Middle East - CS Monitor
Regional-USA, Education, 4/27/2009
israel in search of
‘anti-heroes’ to bomb Iran
4-27-09
Betrayal of the People By Wall Street, Banks, and
Government GM OFFERS
ITSELF UP FOR NATIONALIZATION... FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... GM goes for
broke Corporate CFR Members Get Most of the Bailout Money Flu
fears dampen talk of tentative world recovery Raised
pandemic risk, bank capital report fuels fresh fears US newspaper
circulation sees biggest decline yet (AP) WSJ: Regulators urge BofA,
Citi to boost capital
GM goes for broke CNNMoney | General Motors announced plans Monday to cut 23,000 U.S. jobs by
2011, drop its storied Pontiac brand and slash 40% of its dealer network in its
latest bid to stay out of bankruptcy.
…traders living in a fool's
paradise if they continue to drive the markets higher by buying stocks based on
earnings that are down, say, 50 percent from this time last year, only because
they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says.Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money…
U.S.
Initial Jobless Claims Rose to 640,000 Last Week
Gore
Denies that Ken Lay, Goldman Sachs CEOs Helped Develop C02 Trading ‘Scheme’:
VIDEO
Corporate
CFR Members Get Most of the Bailout Money New American | Treasury Secretary Timothy Geithner served as a
staff member of the New York City-based Council on Foreign Relations before
being hired in 2003 to head the New York City branch of the Federal Reserve
Bank.
Lawsuit targets
Iraq war’s validity
Chinese
virologist: “We are counting down to a pandemic”
Merck
Drew Up “Hit List” of Doctors to be “Neutralized”
Pentagon
Exercise Triggers Panic, Evacuation on Manhattan
Obama Rejects Truth Panel Washington Post | Obama rebuffed calls for a commission to
investigate alleged abuses under the Bush administration in fighting
terrorism. Biggest
Lie Of 2009: Hillary Claims Obama Has Followed Words With Actions
Is Swine Flu A
Biological Weapon? Swine
Flu Is Deadly Mix Of Never-Before-Seen Viruses Previous
Swine Flu Outbreak Originated At Fort Dix WHO:
Swine Flu Could Trigger Global Pandemic Venture
capital firm set to reap rewards on swine flu
DRUDGEREPORT:
WHITE HOUSE CAUSES
TERROR SCARE IN NYC...
WAS UPDATING FILE
PHOTO OF AIR FORCE ONE...
Buildings evacuated in panic...
New Yorkers Run Through Streets...
Put City on Edge...
'We thought we were under
attack again'...
Bloomberg
Ballistic...
Photo op nightmare...
GM OFFERS ITSELF UP FOR
NATIONALIZATION...
FLASH: Treasury Borrows
Record $361 Billion for 2nd Quarter...
After a US Raid: 2
Iraqis Dead, Protests and Regrets New York Times - Mourners filled a home in Kut, Iraq, on Sunday after
two people were killed in a raid that later drew an American apology. By STEVEN
LEE MYERS BAGHDAD - American troops killed two Iraqis on Sunday during an early
morning raid in southern Iraq that set ...
Iraq blasts justifying US longer stay PRESS TV
US Raid Tests Iraq Security Pact Wall Street
Journal
4-24-09
Four more banks shuttered as depression shakes
out Why
Housing Is Not Coming Back Germany’s slump
risks ‘explosive’ mood as second banking crisis looms China
Increases Gold Reserves 76% to Fifth-Largest Obama Talks Credit Cards,
Summers Nods Off This Volatility Is Off the Charts! Banks May Struggle After 'Stress Tests'; Bad Assets Triple...
R.I.P.: GM to pull the plug on Pontiac...
Four more banks
closed by regulators, this years closures exceeding all of 2008 as depression
continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO
(MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s
deposit insurance fund nearly $700 million as the effects of the credit crisis
continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American Southern Bank
marked the 26th bank failure of the year and the fifth in the state of Georgia,
the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became
the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First
Bank of Beverly Hills. Alpharetta, Ga.-based Bank of North Georgia has agreed
to assume American Southern Bank's deposits, the FDIC said in a statement.
American Southern's one office will reopen as a branch of Bank of North Georgia
on Monday. American Southern had
roughly $112.3 million in assets and $104.3 million in deposits as of March 30,
according to the FDIC. Bank of North
Georgia has also agreed to buy roughly $31.3 million of the failed bank's
assets, the FDIC said. The FDIC estimated the cost of American Southern's
failure to its deposit insurance fund will be $41.9 million. American
Southern's collapse marks the 51st bank failure since the credit crisis began
last year. During that time, an inordinate amount of the total bank failures
have occurred in Georgia. The last bank to fail in Georgia was Atlanta-based
Omni National Bank on March 29, the FDIC said. The failure of First Bank of
Beverly Hills is also only the latest in a string of California bank closures.
The FDIC said it marks the fourth failure in that state this year, with County
Bank, of Merced, being the most recent California closure, on Feb. 6. The FDIC
said, "an assuming institution could not be located" for First Bank
of Beverly Hills' deposits and assets, and said it will mail checks to insured
depositors on Monday. First Bank of
Beverly Hills had $1.5 billion in assets as of Dec. 31, the FDIC said, and $1
billion in deposits. The FDIC estimated the bank had $179,000 in uninsured
deposits, and that its failure will cost the FDIC's deposit insurance fund $394
million. Michigan Heritage Bank is the first in that state to be closed this
year. The bank had $184.6 million in total assets as of Dec. 31, and $151.7
million in deposits, according to the FDIC. Farmington Hills-based Level One
Bank has agreed to assume Michigan Heritage Bank's deposits, and on Monday
Michigan Heritage's three offices will reopen as branches of Level One Bank,
the FDIC said. Level One has agreed to buy roughly $46.1 million of the failed
bank's assets, the FDIC said. The FDIC estimated the cost of Michigan Heritage
Bank's failure to its deposit insurance fund will be $71.3 million. Ketchum,
Idaho-based First Bank of Idaho also became the first bank closure for that
state this year, and the 29th in the U.S. this year- it was the first failure
in Idaho since 1988, the FDIC said. Minneapolis-based U.S. Bank has assumed
First Bank of Idaho's deposits, the FDIC said. First Bank of Idaho had $374
million in deposits and $488.9 million in assets as of Dec. 31. The FDIC
estimated the closure of First Bank of Idaho will cost its deposit insurance
fund $191.2 million.
John Letzing is a MarketWatch reporter based in San
Francisco.
DRUDGREPORT:
FEDS
MAY REMOVE CITI CEO...
CREDIT
SUISSE warns of 'excessive' state action...
Banks
May Struggle After 'Stress Tests'; Bad Assets Triple...
R.I.P.:
GM to pull the plug on Pontiac...
Possible
Swine Flu Outbreak At NYC Prep School...
Most
fatal flu victims aged between 25-45...
Swine
flu could infect trade and travel...
WHO
ready with antivirals...
The
mysterious respiratory illness...
CDC
says too late to contain...
60
DEAD: Mexico City launches huge vaccination campaign...
CLOSE
TO 1,000 SUSPECTED CASES...
Heighten
Risk of Pandemic...
Concerns
in California, Texas...
Mutated
from pigs, transmitted to humans...
On Torture, the Pressure Builds Top Democrats Complicit In Torture Cover-Up Pelosi Feigns
Ignorance of Torture Obama
Administration to Release Detainee Abuse Photos; CIA Agents 'Don't Believe They
Have Cover Anymore'...
Rice, Cheney approved CIA’s use of
waterboarding
Arabs optimistic, but cautious over Obama’s
remarks
4-23-09
U.S. Initial Jobless Claims Rose
to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k
Russia’s
economy shrank a staggering 9.5% in first quarter Truth About TARP Reports:
GM to Shut Down Plants for the Summer President's financial adviser falls asleep while Obama talks! ON
THE BRINK: Feds preparing bankruptcy filing for CHRYSLER... AMEX Profit Drops 58% as Defaults Rise, Consumers Cut
Spending... Microsoft's sales show fallout of recession Normura posts record $7.3 billion annual loss Interview with Peter Schiff: Reflating the Bubble
Al-Qaeda Chief In Iraq: Captured, Killed, Never Actually
Existed, Now Captured Again Martial Law Lockdown Exercise in Seward, Alaska? Crisis as a Means to Building a Global Totalitarian State Biggest Lie Of 2009: Hillary Claims Obama Has Followed
Words With Actions Paul Joseph Watson | When in
reality his every move has mimicked the Bush agenda.
Rice, Cheney approved CIA’s use of
waterboarding
Arabs optimistic, but cautious over Obama’s
remarks
‘Iran has hard
evidence of Israeli war crimes’ A
representative to the Leader says Iran has gathered ‘thousands of documents’
which testify to Israeli atrocities in Palestine.
Harman begins to
backtrack denials of wiretap story The California
Democrat who was allegedly caught on an FBI wiretap promising to aid accused
Israeli spies in 2005 has begun walking back her original denials.
Harman and AIPAC: More Evidence of Massive Government
Corruption Kurt Nimmo | If the AIPAC
operatives are convicted, treason charges against Harman should not be ruled
out.
israeli
parliament member in letter to Rahm Emanuel: 'Don't forget you're jewish!'...
Wiretap reveals reach of US pro-Israel lobby
WASHINGTON: Rep. Jane Harman, the California Democrat with
longtime involvement in intelligence issues, was overheard on a National
Security Agency (NSA) wiretap telling “a suspected israeli agent”...
GENEVA – Dozens of Failed Western
diplomats walked out of a U.N. conference and a pair of rainbow-wigged
protesters threw their fitting clown noses in the air Monday when the
truth-speaking leader of Iran called israel the
"most cruel and repressive racist regime."…
British racist hypocrits/zionists joined a
dramatic diplomatic walkout today when President Ahmadinejad of Iran told the
truth in a major UN conference against racism that the racist state of israel
had been founded “on the pretext of jewish suffering” during the Second World
War. brits are out
to lunch (look at England-big brotherly pathetic)! Come on! People may differ
regarding the holocaust ( what about Armenians, American Indians, Russians and
Poles in WWII, etc.), but clearly israel’s war crimes are ignored and clearly
they truly are a brutal and racist regime and illegally have nuclear weapons
and are a u.s. funded bully/war criminal nation in the mid-east.
Olmert charged with war crimes
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-22-09
Gold
Heading Above $2,000 by End of 2010: Strategist Soaring
U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble
smackdown: Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to
9 weeks - General Motors Corp. is planning to temporarily close most of its U.S.
factories for up to nine weeks this summer because of slumping sales and
growing inventories of unsold vehicles, three people bri... Falling bank stocks unravel rally; Dow
loses 83 - Nagging worries about banks
upended a stock market rally Wednesday. [$$] Morgan Stanley Still at Loss (at
The Wall Street Journal Online) Talks on mortgage relief plan hit a snag (AP)
- Negotiations
between the banking industry and Senate Democrats on a mortgage relief plan hit
a snag Wednesday after a trade association representing credit unions said it
could not endorse the proposa... [$$] Gauging Stress: More Losses Likely (at The Wall
Street Journal Online)
No quick cybersecurity fix seen
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions linger over Tarp funding...
MAJOR MALL OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
Bank Lending Keeps Dropping Oxdown Gazette | The 12 trillion that is being floated
to insolvent US banks is essentially being looted in the paper economy.
Jobless hits
2.1m as public debt soars to Ł90bn London Times | Public borrowing has soared to a record
Ł90 billion in the past financial year and unemployment reached the highest
level since Labour came to power in 1997.
Combat Support
Battalion Deployed to “Maintain Public Order” at Boston Marathon Insane Cop
Arrests ABC News Reporter For Filming Traffic Accident Torture, Iraq and 9/11 Washington’s Blog | Now that we know that the interrogators used
torture techniques aimed at extracting false confessions, does the 9/11
Commission Report carry any weight whatsoever?
Soaring U.S. Budget
Deficit Will Mean Billions in Bond Sales Millions of
lost jobs mean billions in lost tax revenue for the U.S. government, and
billions in additional Treasury debt to fund a federal budget deficit that may
soar to more than four times last year’s record $454.7 billion.
Gold Heading Above
$2,000 by End of 2010: Strategist The price of
gold will spike above $2,000 an ounce before the end of 2010 because of rising
inflation, currency devaluation and the risk of a massive debt-bust spurs
buying of the precious metal, Philip Manduca told CNBC Wednesday.
Freddie Mac CFO Found Dead Freddie Mac
acting CFO was found dead in his home in a questionable suicide. An update with
CNBC’s Hampton Pearson. Catherine Austin Fitz had warned a year ago of the
danger those in such positions (with knowledge/evidence of fraud/crimes) faced.
“Explosive” Senate
Torture Report Reveals What We’ve Already Known For Three And A Half Years Breaking: Torture
Architect John Rizzo Still Working at CIA Cheney pushed
torture techniques to create fictitious Iraq, Qaeda tie: report Bush legal adviser
met with cries of ‘war criminal’ at debate ‘Iran has hard
evidence of Israeli war crimes’ EU nations eye
prosecution of Bush officials Senate report: Bush
admin. solicited torture ‘wish list,’ ordered ‘communist’ tactics Senator: Government
Used Communist Torture Techniques Aimed at Extracting FALSE Confessions
Wiretap reveals
reach of US pro-Israel lobby Rep. Jane
Harman, the California Democrat with longtime involvement in intelligence
issues, was overheard on a National Security Agency (NSA) wiretap telling “a
suspected Israeli agent” that she would lobby the Justice Department to reduce
espionage-related charges against two officials of the American Israeli Public
Affairs Committee (AIPAC), the most powerful pro-Israel lobby in Washington,
according to a report released Sunday night in Congressional Quarterly (CQ).
CIA Ludicrously
Claims Torture Prevented Debunked L.A. Terror Plot As the
controversy surrounding revelations of the Bush administration’s torture
program builds, the CIA has attempted to diffuse the furore by claiming that
the torture of Khalid Sheik Mohammed prevented a terror attack on an L.A.
skyscraper, a completely ludicrous assertion since the credibility of the
alleged “L.A. attack plot” was debunked by scores of intelligence
Israel steps up
campaign to deface Iran Israel takes a new step in its anti-Tehran rantings with
the launch of a smear campaign against Iran to spoil the country’s global
image.
Simon Johnson Decries Influence Of Wall Street
Oligarchs/Frauds/Vegetables that Have Helped Make U.S. A Banana Republic Henry Blodget | The pattern is exactly
the same, with a two-way money-and-power corridor now running between
Washington and the modern oligarchs Wall Street.
DRUDGEREPORT: GM
TO CLOSE MOST FACTORIES FOR SUMMER
FLASH:
UK Govt hikes top income tax rate to 50%...
Merkel
Rejects Expanding German Stimulus Program; Economic Data Worsens...
GM
Plans to Skip $1 Billion Debt Payment...
Top
exec says economic crisis resetting capitalism...
'FREDDIE'
MONEYMAN FOUND DEAD...
...
security guard had been posted outside home
CONSPIRACY
THEORIES FLOURISH...
‘Iran has hard
evidence of Israeli war crimes’ A representative
to the Leader says Iran has gathered ‘thousands of documents’ which testify to
Israeli atrocities in Palestine.
Harman and AIPAC: More Evidence of Massive Government
Corruption Kurt Nimmo | If the AIPAC
operatives are convicted, treason charges against Harman should not be ruled
out.
israeli
parliament member in letter to Rahm Emanuel: 'Don't forget you're jewish!'...
Wiretap reveals reach of US pro-Israel lobby
WASHINGTON: Rep. Jane Harman, the California Democrat with
longtime involvement in intelligence issues, was overheard on a National
Security Agency (NSA) wiretap telling “a suspected israeli agent”...
GENEVA – Dozens of Failed Western
diplomats walked out of a U.N. conference and a pair of rainbow-wigged
protesters threw their fitting clown noses in the air Monday when the
truth-speaking leader of Iran called israel the
"most cruel and repressive racist regime."…
British racist hypocrits/zionists joined a
dramatic diplomatic walkout today when President Ahmadinejad of Iran told the
truth in a major UN conference against racism that the racist state of israel
had been founded “on the pretext of jewish suffering” during the Second World
War. brits are out
to lunch (look at England-big brotherly pathetic)! Come on! People may differ
regarding the holocaust ( what about Armenians, American Indians, Russians and
Poles in WWII, etc.), but clearly israel’s war crimes are ignored and clearly
they truly are a brutal and racist regime and illegally have nuclear weapons
and are a u.s. funded bully/war criminal nation in the mid-east.
Olmert charged with war crimes
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-21-09
Crimes suspected in 20 bailout cases — for starters AIG eats another $30 billion-ish Housing Bubble Smackdown:
Bigger Crash Ahead U.S. Stocks To Fall at Least 6%: Doug Kass Key Points About the
Coming Hyperinflation Wall St gains as banks lifted by tiny
tim’s b.s NYT losses worsen as ad sales plunge 27%...
Yahoo to cut 5 percent of jobs Wall St gains as banks lifted by tiny
tim’s b.s. AMD posts deeper loss, shares fall (AP) [$$] Connecticut Treasurer Joins Critics
of BofA CEO (at The Wall Street Journal Online) [$$] Citi Investors Vent About Losses
(at The Wall Street Journal Online) Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
IMF
says $2.7 trillion in losses ahead for (u.s.) banks. judd greg says u.s. couldn’t meet the economic criteria for
admission to EU. WOW! Given the economic state of the EU, that’s worse than
bad! Seeking Alpha Analyst sums it up ‘…The
six-week-long rally is over. It was huge. The Dow Jones is up almost 1500
points. But the party is over. The Dow Jones fell under its 13 day moving
average, the same thing happened to the S&P 500 and the Nasdaq composite. I
had some hope that the Naz could stay above its 13 day MA, but no such luck.
Now what? According to the 1932 scenario, we might have a 2-3 months long
slump, followed by another bull market. Or the market can go down big time,
cross down its 50 day MA and test the March lows…’ - The latter is the scenario
consonant with reality. - He assumes best case scenario as he concludes that ‘…means that either the March low holds
or a new low will not be much lower. – Reality disagrees with that overly rosy
scenario based upon his stated overly rosy assumption!
NLE 09: FEMA Takes Preparations for Martial Law to the Next
Level Alan Keyes: Government Will Stage Terror, Declare Martial
Law Ron
Paul on Secession Housing Bubble Smackdown: Bigger Crash Ahead Smedley Butler: War Is A Racket Harman and AIPAC: More Evidence of Massive Government
Corruption New York Times: Tax Savers and Negative Return Jack Bauer can’t stop ‘The Goldman Conspiracy/Fraud’ Simon Johnson Decries Influence Of Wall Street Oligarchs,
US A Banana Republic Henry
Blodget | The pattern is exactly the same, with a two-way money-and-power
corridor now running between Washington and the modern oligarchs Wall Street.
Harman and AIPAC: More Evidence of Massive Government
Corruption Kurt
Nimmo | If the AIPAC operatives are convicted, treason charges against
Harman should not be ruled out.
israeli
parliament member in letter to Rahm Emanuel: 'Don't forget you're jewish!'...
Wiretap reveals reach of US pro-Israel lobby
WASHINGTON: Rep. Jane Harman, the California Democrat with
longtime involvement in intelligence issues, was overheard on a National
Security Agency (NSA) wiretap telling “a suspected israeli agent”...
GENEVA – Dozens of Failed Western
diplomats walked out of a U.N. conference and a pair of rainbow-wigged
protesters threw their fitting clown noses in the air Monday when the
truth-speaking leader of Iran called israel the
"most cruel and repressive racist regime."…
British racist hypocrits/zionists joined
a dramatic diplomatic walkout today when President Ahmadinejad of Iran told the
truth in a major UN conference against racism that the racist state of israel
had been founded “on the pretext of jewish suffering” during the Second World
War. brits are out to lunch
(look at England-big brotherly pathetic)! Come on! People may differ regarding
the holocaust ( what about Armenians, American Indians, Russians and Poles in
WWII, etc.), but clearly israel’s war crimes are ignored and clearly they truly
are a brutal and racist regime and illegally have nuclear weapons and are a
u.s. funded bully/war criminal nation in the mid-east.
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-20-09
Citigroup: The
Beginning and End of the Current Rally (at Seeking Alpha) Why BAC Will
Beat: Understanding a New Bull Market Is Not Underway (at Seeking Alpha) Government's
Handling of Economic Crisis - Einstein Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on
bad loans GM cutting 1,600 U.S. salaried positions IBM sales fall more than expected, but
b.s. up Wall Street sinks on banks' woes Wall Street tumbles as investors dump financials (AP) IBM shares slip as 1Q sales fall short
(AP) New embrace of reality about bank health
grip Wall Street Backdoor Path To Bank Nationalization
(at CNBC) Zions Bancorp Swings To 1Q Loss; Moody's
Cuts Ratings Economic Downturn Negatively Affecting
Credit Markets in Varied Industries Celente: “America lives in a
fascist state” Backdoor Nationalization? U.S.
May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not
the Bottom
Washington Post Highlights Agenda For ‘Bank Of The World’
Gonzales ‘blocked prosecution of Democrat who helped keep
lid on wiretapping story’
Obama to visit CIA to ‘reassure’ officers ‘no probes’
The Tower of Basel: Secretive Plans for the Issuing of a
Global Currency
US to put conditions on Tarp repayment Strong banks
will be allowed to repay bail-out funds they received from the US government
but only if such a move passes a test to determine whether it is in the
national economic interest, a senior administration official has told the
Financial Times.
Why a 50% Drop in Housing Is Not the Bottom The psychology
behind the idea that a 50% reduction in bubble-era housing prices constitutes a
“bargain” is flawed for a number of reasons.
Wiretap reveals reach of US pro-Israel lobby
Sales of leftist book jump on Chavez gift to Obama
Obama’s First 100 Days: Worse Than Even We Predicted Paul Joseph
Watson | From protecting Bush officials who ordered torture from
prosecution, to maintaining and expanding the American empire, to warrantless
wiretapping of American citizens, all have remained and intensified under Obama
Operation Vigilant Eagle: Another Attack on the Sovereignty
Movement Kurt Nimmo | The
Pentagon’s Operation Vigilant Eagle targeted veterans who are described as
members of “militia/sovereign-citizen extremist groups.”
Celente: “America lives in a fascist state” Russia Today | The merger of
corporate and government powers in modern America is plain and simple fascism,
believes Gerald Celente. Luke Rudkowski on Russia Today: ‘U.S. media doesn’t want
truth’
Latin
American leaders rail against USA...
Editorial: bush and torture
as state policy
DRUDGEREPORT: WIRE SLAP: Obama's latest
budget-tightening hardly makes dime's worth of difference...
AP, ABCNEWS Confront...
Bank Fears Sink Stocks...
Oil drops 8% on economic
outlook...
israeli parliament member in
letter to Rahm Emanuel: 'Don't forget you're jewish!'...
Wiretap reveals reach of US pro-Israel lobby
WASHINGTON: Rep. Jane Harman, the California Democrat with
longtime involvement in intelligence issues, was overheard on a National
Security Agency (NSA) wiretap telling “a suspected israeli agent”...
GENEVA – Dozens of Failed Western
diplomats walked out of a U.N. conference and a pair of rainbow-wigged
protesters threw their fitting clown noses in the air Monday when the
truth-speaking leader of Iran called israel the
"most cruel and repressive racist regime."…
British racist hypocrits/zionists joined
a dramatic diplomatic walkout today when President Ahmadinejad of Iran told the
truth in a major UN conference against racism that the racist state of israel
had been founded “on the pretext of jewish suffering” during the Second World
War.\ brits are out
to lunch!
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-17-09
IMF
warns depression will be ‘unusually long-lasting’ Peter
Schiff’s advice on fighting inflationary depression David Tice:
S&P 500 To Plunge to 325 [$$] Say It
With Me: It's Still Just a Rally to Sell Into Finance unit
woes lower GE earns 36 pct Summer
2009: The international monetary system’s breakdown is underway Banks
take control at West Ham as financial crisis deepens The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
The
Great Geithner Coverup YouTube | Economist William K.
Black pulls no punches in spelling out who is really responsible for our
current economic disaster, and why Geithner is leading the charge to keep the
truth covered up.
Obama shields CIA
officers over US ‘torture’: ‘the change you can’t believe in’
A Bulletin From the
Captain of the Titanic Retail sales
fell in March as fearsome job losses and tighter credit conditions forced
consumers to cut back sharply on discretionary spending. Nearly every sector is
seeing declines including electronics, restaurants, furniture, sporting goods
and building materials.
Olbermann: ‘Mr.
President, you are wrong’
Bush memos parallel
claim 9/11 mastermind’s children were tortured with insects
Oversight over
wiretapping program ‘doesn’t really exist,’ reporter reveals
The
Torture Memos Infowars | The CIA torture
“opinions” sent to the agency’s acting general counsel in PDF format.
rudy ‘mafia man’ giuliani Angry at Dutch Jury for
Exonerating Osama bin Laden
US supports Arab Peace Initiative
DRUDGEREPORT: PAPER: Israeli military ready to bomb Iran...
Obama's stance worries Israelis...
FLASHBACK: Chavez truthfully/accurately predicts in Iran '06: The
United States empire is on its way down and it will be finished in the near
future, inshallah (Arabic: God is willing)...
California
jobless rate highest at 11.4% since 1976...
Kindergartens not
exempted from Israeli raids justifying action to eliminate/exterminate
nazionist israel/israelis for the sake of world peace and justice.
Who is
this netantheyahu threatening world peace. No one! …yet how is this possible? Binyamean netantheyahu is the narrowly
elected prime minister, for second time, of that tiny worthless country,
Israel, which lives off the military largesse of the United States.
Talks
at a dead end, says israel which means action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice is necessary.
israeli
police in typically provocative move bar Muslims from prayers at Al-Aqsa
Pentagon
propaganda office closed Muslims
are listening, Mr. Obama! A perceptive
colleague is tired of my endless adulation for Barack Obama. Every time I talk
about him, she rolls her eyes to point out all that America’s new president has
done is talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk,
talk, talk, talk, talk,...
Iran complains to U.N.
about israeli nuclear among other threats" Israel’s
Peres Threatens Iran
Gaza onslaught reawakens Palestinian issue
among Arabs Sultan
Altamimi | Arab News The
recent Israeli onslaught on the people of Gaza shocked the world with images of
dead civilians, including the elderly and children. Recently Arab News hosted a
roundtable discussion on the...
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-16-09
David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Sony Ericsson posts Q1 loss, plans more
cost cuts Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Toshiba expects bigger loss, contract
job cuts Sony Ericsson posts loss, to cut 2,000 jobs Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL OPERATOR
FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
Obama Appointee Wants Soviet-styled Media DHS “Rightwing Extremism” Document Created During Bush
Administration Olbermann: Future Of The U.S. Depends On Torture
Accountability Tourists
Or Terrorists? Police Erase London Sightseers Photographs Citing Terrorism Man
Detained As Terror Suspect For Photographing Police Car National
Guard On Alert For Tea Party Protests US warns
Israel against attack on Iran israel’s
Peres says no to military option on Iran issue China’s
Economy Grows 6.1%, Slowest Pace in Almost a Decade Gold May Retest $1,000
DRUDGEREPORT: Questions linger over Tarp
funding...
MAJOR MALL OPERATOR FILES FOR
BANKRUPTCY...
Housing Starts Fall
Sharply...
GOOGLE Profit Beats Estimates
After Cost Reductions... ...growth slows dramatically
China dumps dollars - for
copper...
Who is
this netantheyahu threatening world peace. No one! …yet how is this possible? Binyamean netantheyahu is the narrowly
elected prime minister, for second time, of that tiny worthless country,
Israel, which lives off the military largesse of the United States.
Talks
at a dead end, says israel which means action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice is necessary.
israeli
police in typically provocative move bar Muslims from prayers at Al-Aqsa
Pentagon
propaganda office closed Muslims
are listening, Mr. Obama! A perceptive colleague
is tired of my endless adulation for Barack Obama. Every time I talk about him,
she rolls her eyes to point out all that America’s new president has done is
talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk,
talk, talk, talk,...
Iran complains to U.N.
about israeli nuclear among other threats" Israel’s
Peres Threatens Iran
Gaza onslaught reawakens Palestinian issue
among Arabs Sultan
Altamimi | Arab News The
recent Israeli onslaught on the people of Gaza shocked the world with images of
dead civilians, including the elderly and children. Recently Arab News hosted a
roundtable discussion on the...
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
Who is
this netantheyahu threatening world peace. No one! …yet how is this possible? Binyamean netantheyahu is the narrowly
elected prime minister, for second time, of that tiny worthless country,
Israel, which lives off the military largesse of the United States.
Iran complains to U.N.
about israeli nuclear among other threats" Israel’s
Peres Threatens Iran
Gaza onslaught reawakens Palestinian issue
among Arabs Sultan
Altamimi | Arab News The
recent Israeli onslaught on the people of Gaza shocked the world with images of
dead civilians, including the elderly and children. Recently Arab News hosted a
roundtable discussion on the...
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-15-09
U.S.
foreclosure filings jump as moratoriums end US foreclosures
up 24 percent in 1st quarter GM pushes faster plan to
cut U.S. dealers: sources
Capital One's
credit card defaults weigh on sector (AP) Asia stocks
trim gains after weaker China growth Banks Aren't Yet
in the Clear (at BusinessWeek) PC shipments
slide in 1Q, HP tops Dell in US Goldman Sachs tries to shut
down financial blogger Increase in First-Time Delinquent Income Taxpayers China Slows Purchases of U.S. and
Other Bonds The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
US
inflation goes negative for first time in 54 years Overall prices in the US
economy registered their first year-on-year fall for more than half a century
today, fuelling fears that the American economic slump could tip the world’s
biggest economy into a destructive bout of Japanese-style deflation.
Rick Perry’s Cynical Effort to Exploit the Tea Party
Movement and States’ Rights Luke Rudkowski on Russia Today: ‘U.S. media doesn’t want
truth’ National Guard On Alert For Tea Party Protests Celente Calls for Revolution as the Only Solution Yonkers
Tribune | Taxed to death, angry at government bailouts, outraged by Wall Street
greed, and bitterly resentful of a system that rewards the undeserving rich,
the American public is ready to revolt.
Self Righteous Neocon Republicans Complain about DHS Report
Kurt Nimmo | Malkin, Gingrich, Weiner,
Hannity and the rest really do not have a problem with government assessments
formulated in secret, so long as they are directed against their political
enemies.
DRUDGEREPORT: UPDATE:
TAX DAY BECOMES PROTEST DAY...
GOVERNOR SAYS TEXAS CAN LEAVE THE UNION IF IT WANTS
US
economic activity weak: Fed...
PAPER:
French president portrays Obama as weak and meek...
MESS:
NSA's Intercepts Exceed Limits Set by Congress...
4-14-09
The Great Geithner Coverup UBS faces $1.8
billion loss, will cut almost 9,000 more jobs Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short Goldman Sachs
Q1: Pay Up, People Down Dealbreaker
Afterdark: Fannie Mae CEO To Head Bailout Nation UBS cuts 8,700 more jobs Let's Keep Big
Banks from Ruining America Forever (at Seeking Alpha) China's ICBC now
world's largest bank by deposits (at MarketWatch) World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis
sees hyperinflation ahead
Republicans and Democrats Determined to Turn Tea Parties
into Circus Sideshow Tent-City Residents Issued Moving Papers Does Perry’s Support Of 10th Amendment Bill Make Him A
Dangerous Right-wing Extremist? 9/11 Commission Counsel: Government Agreed to Lie About
9/11
Economic Report:
Australia's leading index falls to 26-year low
Iran complains to U.N.
about israeli nuclear among other "threats"
Gaza onslaught reawakens Palestinian issue
among Arabs Sultan
Altamimi | Arab News The
recent Israeli onslaught on the people of Gaza shocked the world with images of
dead civilians, including the elderly and children. Recently Arab News hosted a
roundtable discussion on the...
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-13-09
The Great Geithner Coverup China Slows Purchases of U.S. and
Other Bonds Goldman Sachs hires law firm to
shut blogger’s site for pointing to truth about the fraud firm e Jim Rogers Says
Investors Should Expect More Bottoms MSM
Accuses Gerald Celente and Peter Schiff of “pessimism porn” Singapore
economy shrinks sharply more than expected WELLS FARGO 'May Need $50 Billion to Pay Feds, Cover Loan
Losses'... Reporters threatened with arrest for filming private Federal
Reserve building SURGE IN DELINQUENT TAXPAYERS; WASHINGTON VOWS SYMPATHY Warren Buffett's electric car venture; CEO drinks 'battery
fluid'... Goldman Sachs
mulls dilutive worthless stock sale to repay TARP money with other TARP money:
now you know where the fed trillions in part are going: report GOLDMAN SACHS announces $5B public stock offering, reports $1.8B quarterly
profit... Bailed-Out Banks Face Probe
over Fees: Report You Know Things Are Bad When Even
Newsweek Is Slamming the Obama Administration for Caving in to the Financial
Status Quo
The
Great Geithner Coverup YouTube | Economist William K.
Black pulls no punches in spelling out who is really responsible for our
current economic disaster, and why Geithner is leading the charge to keep the
truth covered up. You Know Things Are Bad When Even Newsweek Is Slamming the
Obama Administration for Caving in to the Financial Status Quo
Goldman Sachs Hires Law Firm to Shut Down Truth Blogger Telegraph | Goldman Sachs is
attempting to shut down a dissident blogger who is extremely critical of the
investment bank, its board members and its practices.
Why Our Credit Crunch
Mirrors the Weimar Hyperinflation from 1919-1923 U.S. budget deficit triples
to $957 billion for year
Stock Market Rally Is for
Suckers as Credit Destruction Lingers
China foreign exchange
reserves at $1.954 trillion
Britain’s boom now a bust UK: BOOM TO BUST
Climate Change: Another Hoax of the Century SURGE
IN DELINQUENT TAXPAYERS; WASHINGTON VOWS SYMPATHY Humans are ‘not hurting’ the climate
World
Fluoridated Poison Water Map Dobbs Concludes U.S. Allows Drugs In Lawsuit Against u.s. Companies that Sold WMD to Saddam
Goldman Sachs mulls
dilutive worthless stock sale to repay TARP money with other TARP money: report
The
Tax Capital of the World: New York is No. 1...
TREASURY
TELLS GM TO PREP FOR BANKRUPTCY... DEVELOPING...
Madman Cramer – the ultimate
contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top…..
Federal
budget deficit sets March record $192.3B... Treasury
Seeks Billions in Concessions for GM and CHRYSLER From Banks, Bondholders...
The
Tax Capital of the World: New York is No. 1...
BLOOMBERG:
JOB CUTS NEEDED TO STOP BANKRUPTCY...
Editorial: Civilians trapped in a war zone
israel: New govt and old policies
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-9-09
U.S. Treasury
asking banks keep quiet on stress tests Boeing warns on
Q1 profit, to cut plane output Wall Street sets 5th weekly
gain on banks, Boeing off late
U.S. Squeezes
Auto Creditors (at The Wall Street Journal Online) Nikkei comes
off 9,000, as banks hit by SMFG news Obama seeks
$83.4 billion more in 2009 war funds Bank of Japan likely to cut
economic outlook in next report
Author who predicted crisis sees
hyperinflation ahead Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 [$$] Little
Optimism From FOMC Fed sees no
economic recovery until next year and then next year and year after that and
next year
Constitutional
Law Expert: “It Appears the ‘Yes We Can’ Means ‘Yes We Can Do Most Anything
That We Want’ When it Comes to Unlawful Programs.” Constitutional law professor Jonathan Turley
is slamming the Obama administration on its continuation of Bush spying
policy. Red Cross ‘gravely concerned’ about detainees who
‘disappeared’ Ron Paul: Neoconservatives backing Obama’s foreign policy Pentagon preps for economic warfare Financial Crisis ‘Far From Over,’ Panel Says
Controlled Opposition Embarrass Banker Minion Summers Kurt
Nimmo
| Code Pink gets media coverage of stunt demanding Larry Summers return their
funny money.
The Financial New World Order: Towards a Global Currency
and World Government Andrew G. Marshall | What we are witnessing is
the creation of a New World Order, composed of a totalitarian global government
structure and a rise in authoritarianism.
Americans Denounced As Terrorists While Criminals Embraced Paul
Joseph Watson | Obama to push for estimated 20 million illegal immigrants
to be legalized, while federal fusion centers across the country label the most
patriotic Americans as terrorists.
Author who predicted crisis sees hyperinflation ahead Reuters | A commodities cycle
started early in this decade is only being masked now by recession, presaging a
repeat 1970s style inflation.
Keith Olbermann’s scathing criticism of Obama’s
secrecy/immunity claims Glenn
Greenwald | The Obama DOJ has now invented a brand new claim of government
immunity.
BLOOMBERG:
JOB CUTS NEEDED TO STOP NEW YORK FROM BANKRUPTCY...
Obama asks Congress for extra $83.4 billion; funds for wars...
FRENCH PARLIAMENT REJECTS INTERNET PIRACY BILL...
Embarrassing setback for Sarkozy...
UK worried about Jerusalem demolitions
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-8-09
Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 [$$] Little
Optimism From FOMC Fed sees no
economic recovery until next year and then next year and year after that and
next year Moody's strips Berkshire Hathaway of top rating Danger lurks
behind banks' results
Reality of
worsening depression drove Fed action [$$] Morgan
Stanley to Post a Loss From Volatile, Complex Bonds (at The Wall Street Journal
Online) Bank Earnings Will Be Hit
by Consumer Woes (at TheStreet.com) Financial Crisis ‘Far From Over,’
Panel Says A Bear in Bull's Clothing:
Why This Rally Will Fall Short The Geithner-Summers Plan is Even
Worse Than Thought
Rational
View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’
The Geithner-Summers Plan is Even Worse Than Thought Jeffrey
Sachs
| Insiders can easily game the system created by Geithner and Summers to cost
up to a trillion dollars or more to the taxpayers.
Market bear Roubini sticks to dour forecasts Reuters | There’s still bad news
ahead for the U.S. economy — and by extension for Canada — and the bear market
for stocks is not over yet, according to a prominent economist who foretold
much of the current turmoil.
Ten major retirement risks,
and tips on how to manage them
Drudgereport: STRESSED OUT: Feds
to delay bank test results; can’t avoid market melt...
IMMIGRATION BILL
THIS YEAR: Obama to begin looking for illegal immigrants to become legal, NY
TIMES planning to lead in Page Ones on Thursday, newsroom sources tell
DRUDGE... Developing...
Roubini sticks to dour
forecasts...
...lashes out at CNBC host
Military Whistleblower Claims She Witnessed Flight 93
Shootdown Order
Obama Admin Seeks to Legalize And Expand Government Spying Keith Olbermann’s scathing criticism of Obama’s
secrecy/immunity claims How
Freedom Was Lost Dobbs Concludes U.S. Allows Drugs In Secret US Forces Carried Out Assassinations in a Dozen
Counties Democracy Now | Pulitzer Prize-winning
investigative journalist Seymour Hersh created a stir earlier this month when
he said the Bush administration ran an “executive assassination ring” that
reported directly to Vice President Dick Cheney.
Saudi says new Israeli govt
policies dangerous (AFP) Jewish
settlers rampage through West Bank village Israeli policies obstacle to peace: Saud Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
Israeli
war crimes in Gaza, US weapons used
Israel seems to have committed
"grave violations of international law" according to a New York Times
April 3rd Op-Ed report citing the testimony of Israeli soldiers that
substantiates these charges.
Palestine-Israel, Politics, 4/6/2009
Recent
attacks and threats on journalists and editors in Yemen
The organization ARTICLE 19 said last Monday it is monitoring with great
concern the most recent pattern of threats and attacks on journalists in Yemen.
Yemen, Politics, 4/6/2009
Obama
reaches out to Muslim world
US President Barak Obama completed his first overseas tour in Turkey,
where he said America's new efforts to engage with the Muslim world are part of
his administration's commitment to a foreign policy rooted in mutual respect
and seeking common solutions to global challenges.
Regional-USA, Politics, 4/6/2009
United
States committed to free, democratic Lebanon
US Deputy Assistant Secretary of State for Near Eastern Affairs Jeffrey
Feltman reaffirmed President Barack Obama’s strong support for Lebanese
independence and the Special Tribunal for Lebanon, at a meeting with Head of
the Future Bloc in Parliament MP Saad Hariri.
Lebanon-USA, Politics, 4/6/2009
Iran's
reaction to any military threat
Iran's Foreign Ministry Spokesman Hassan Qashqavi said today that Iran
is fully ready to thwart any threat posed by enemies.
Iran-Israel, Politics, 4/6/2009
Iranian
assistance to Lebanese reconstruction
Iran's Ambassador to Lebanon Mohammad-Reza Sheibani on Sunday held talks
with Lebanese Prime Minister Fouad Siniora on Iranian assistance to Lebanese
reconstruction.
Lebanon-Iran, Politics, 4/6/2009
Liberman:
We will honor all agreements of previous governments
Incoming Israeli Foreign Minister Avigdor Liberman in a statement on
March 1st said according to the Israeli Ministry Of Foreign Affairs:
Palestine-Israel, Politics, 4/6/2009
Jewish
settlers assault 3 children in Hebron
Israeli soldiers and the Ma'on settlement security guard took three
Palestinian boys, aged 10, 11, and 14, from Juwayya village near Hebron, and
transported them to the nearby Ma'on settlement.
Palestine-Israel, Politics, 4/6/2009
CPJ
urges Israeli prime minister to examine restrictions, military strikes on media
We ask you to pledge not to impose blanket news media restrictions in
the future. Such restrictions severely limited coverage of the Gaza offensive,
an event of great worldwide importance
Palestine-Israel, Politics, 4/6/2009
Iran's
reaction to the US new policy
Iran's Speaker Ali Larijani said yesterday that the Iranian nation was
vigilantly surveilling the behavior of the US administration over the motto of
change it advocates.
Iran-USA, Politics, 4/6/2009
String
of bombings in Iraq
UN Secretary-General Ban Ki-moon and his top envoy in Iraq have strongly
condemned the string of bombings that struck a marketplace and other locations
in Baghdad today, killing a large number of civilians and injuring many others.
Iraq-UN, Politics, 4/6/2009
Russia:
Moscow to continue cooperation with Iran
Russian Foreign Minister Sergei Lavrov said today that Moscow is
determined to continue cooperation with Iran.
Iran-Russia, Politics, 4/6/2009
Muslim
leader sues UK minister for defamation
Deepening row between the British government and the country's
mainstream Muslim organization is set to further sour with the Muslim Council
of Britain (MCB) threatening legal action against Communities Secretary Hazel
Blears.
Regional-UK, Politics, 4/6/2009
Britain says U.S. doesn't object to
efforts to engage Hezbollah - LA Times
Lebanon-UK, Politics, 4/6/2009
Obama Stresses Peace With Islamic
World - WashingtonPost.com
Regional-USA, Politics, 4/6/2009
Sudanese Leader Gets Warm Welcome in
Qatar as Arab League Ignores ICC Warrant: Arab League Allies Ignore ICC
Warrant, Give Warm Welcome - WashingtonPost.com
Sudan-Regional, Politics, 4/6/2009
Obama reiterates U.S. support for
Palestinian state - WashingtonPost.com
Palestine-Israel-USA, Politics, 4/6/2009
Israeli Military Closes Probe Into
Allegations of Troop Misconduct in Gaza: Covers up Troop War Crimes in
Gaza ' - WashingtonPost.com
Palestine-Israel, Politics, 4/6/2009
Blair: Skepticism about peace after
Netanyahu win - WashingtonPost.com
Palestine-Israel-UK, Politics, 4/6/2009
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-7-09
Cat found alive
after 5 weeks under rubble Fed's Fisher says U.S.
economy grim AIG aircraft
unit seeks $5 billion Fed credit line: report Sustainable Bull
Market Unlikely
More Correction
on the Way in This Bear Market US Bancorp's Loan Losses Loom (at
TheStreet.com) Asia Markets:
Asian miners lead regional stock tumble Alex Jones interviewed by RT: U.S. is a puppet of private bankers TARP panel:
Financial Crisis 'Far From Over,' Govt. May Spend More than $4 Trillion... Cities Collapsing
throughout the USA Hundreds of Thousands of Unemployed Run Out of Benefits Larry Summers, Tim Geithner and Wall Street’s ownership of government
Estimated U.S. taxpayer cost for bailout jumps Bernanke’s Failed Financial Rescue Plan The G20 moves the world a step closer to a global currency Soros: Dollar WIll Be Replaced By World Currency Economics Professors:
Global Crash Worse Than During First Year of Great Depression TRENDSRESEARCH.COM
GERALD CELENTE points out that trillion dollar foreign banks
got billions of taxpayer bailout funds and Goldman Sachs ceo’s, former ceo’s,
board members were among the only few limited government personnel privy to the
bailout cramdown/scheme/fraud and further, that new ‘regulation’ now permits
valuation of bank assets at whatever they so choose…disaster and 25%
unemployment and hyperinflation around the corner, DEPRESSION-level economic
conditions already extent, already in depression.
Bernanke’s Failed
Financial Rescue Plan Fed chief Ben Bernanke has embarked on a
radical and ruinous financial rescue plan. According to Bloomberg News, the Fed
has already lent or committed $12.8 trillion trying to stabilize the financial
system after the the bursting of Wall Street’s speculative mega-bubble.
Cat found alive
after 5 weeks under rubble
David Icke stopped at
Melbourne immigration and told he must pass ‘character test’ and not ‘incite
discord’ in Australia and prove that he is of that aussie ilke of criminal
banishee that founded the aussie former penal colony nation I
have, shall we say, a pretty good idea who is behind the unbelievable nonsense
that insists that a man arriving in Australia to say that we must love each
other no matter what our beliefs, race, politics or income bracket, has to pass
a ‘Character Test’ or be banned from speaking to a public audience?
DRUDGEREPORT: TARP panel: Financial Crisis
'Far From Over,' Govt. May Spend More than $4 Trillion...
Gloom grips markets braced
for earnings season...
Mortgage delinquencies
soar...
Roubini sticks to dour
forecasts...
RUSSIA SAYS: Iran
poses no threat to USA...
WOMAN FOUND IN THE RUBBLE: 42
hours in hell...
...death toll passes 250...
Strong
aftershocks...
98-YEAR-OLD SHARES THE SECRET
OF QUAKE SURVIVAL: CROCHET...
Biden Rationally States: New
israel would be 'ill-advised' to attack Iran...
Cat found alive after 5 weeks under rubble
Communities print
their own currency to keep cash flowing...
Israel points Arrow II
at Iran, Syria
Steering Israel to peace
by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-6-09
Mayo Says Loan Losses Will Exceed Depression Levels...
Financial
Stocks Have Run Up Too Hard, Too Fast (at Seeking Alpha) Slow down:
We're Not at the Bottom Yet U.S. deficit nearly $1
trillion in first half of FY2009 Americans Feel 15.6%
Unemployment as Unemployment Surges SOROS
SEES END OF DOLLAR AS WORLD CURRENCY... GM
Speeds Up Bankruptcy Preparations... Bernanke ‘Green Shoots’ Signals
False Spring Amid Job Losses Bush and Obama Administrations
Both Broke Law By Refusing to Close Insolvent Banks Murdoch: Long-Term Economic
Situation ‘Dangerous’; Recovery 2-3 Years Away Massive Checkpoint Operation in
Tennessee Violated Posse Comitatus, Fourth Amendment Hundreds of Thousands of
Unemployed Run Out of Benefits Larry Summers, Tiny Tim
Geithner and Wall Street’s ownership of government Obama Economic Advisors Linked to Bankers
Cybersecurity Bill Gives Obama Dictatorial Power Over
Internet Kurt
Nimmo
| The bankster elite demand the option to turn off the internet. It has nothing
to do with cyberterrorism.
John Perkins: Third World Countries and Banker Debt Al
Jazeera | John Perkins, author of Economic Hit Man, explains how debt controls
third world nations.
Moderate Taliban leader warns Barack Obama’s plan will make
Afghanistan worse
Italy muzzled scientist who foresaw quake
Poplawski Smear Debunked: Cop Killer Held Opposing Views To
Infowars
DRUDGEREPORT: ITALY
MUZZLED SCIENTIST WHO FORESAW QUAKE...
6.3
MAG; EAST OF ROME...
MAY
HAVE 'VIRTUALLY DESTROYED' ENTIRE TOWNS...
60
pulled alive from rubble...
Damage
to Historical Monuments 'Significant'...
USA
gives $50,000?
Obama
Maintains Control Over Banks By Refusing To Accept Repayment Of TARP Money...
Geithner
Says He May Oust Executives...
Bernanke's
'Green Shoots' Are False Spring as Job Losses Keep Mounting...
Mayo
Says Loan Losses Will Exceed Depression Levels...
Steering Israel to peace by reality of peace or action to
eliminate/exterminate nazionist israel/israelis for the sake of world peace and
justice.
4-3-09
U.S. jobless
rate hits 25-year high
Lawmaker sees
Fannie, Freddie bonus "insult" NYC protesters
ask US to 'bail out the people' (AP) Soros: Global Depression Ahead
Buchanan: We Should Kill the
Fed One in 10 Americans gets help
to buy food Ex-AIG chief: Bailout will not
succeed Unemployment in U.S. Climbed in March to 25-Year High G-20 Shapes New World Order With Wisely
Lesser Role for u.s., u.s. Markets -663,000: Unemployment Rate Reaches 25-Year High of 8.5%... 1
in every 10 Americans receive food stamps...
Buchanan: We Should Kill the Fed Patrick J. Buchanan | Hoover did what Obama is
doing.
UN to hush up report on Israel conduct. The end of the un?
Editorial: Israel not for a just
settlement justifying action to eliminate/exterminate
nazionist israel/israelis for the sake of world peace and justice.
Malaysia calls for ‘Genocide in Gaza’
tribunal LONDON: The Malaysian government
yesterday called for the formation of an Israeli War Crimes Tribunal under the
UN Charter, and that an International Criminal Tribunal for Israel (ICTI) be
organized...
Petraeus Says Israel Might
Choose to Attack Iran justifying
action to eliminate/exterminate nazionist israel/israelis for the sake of world
peace and justice.
4-2-09
New US jobless claims hit 669,000 in week WASHPOST: Before Crisis, Geithner Fell Short; He regulated banks... Outstanding Credit Default Swaps
Down to “Only” About Twice America’s GDP Layoffs rise
despite hope recession is easing (AP) G-20 to give $1 trillion to IMF, World Bank UN chief says crisis could
result in failed states Tax dodgers multiply as
underground economy cushions job cuts The Wall Street
Journal Criticizes Capitol Hill Bonuses (and don’t forget the raises) (at
Seeking Alpha) Inflationary
Depression Dr.
Marc Faber runs his own business, Marc Faber Limited, which acts as an
investment advisor and fund manager. He publishes a widely read monthly
investment newsletters The Gloom Boom & Doom report which highlights
unusual investment opportunities, and is the author of several books including
Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and
highlights future investment opportunities around the world. Watchdogs:
Treasury won't disclose bank bailout details.(I think it’s obvious they’re
covering up the substantial securities fraud, using taxpayer money to do so, as
yet there’s not even one prosecution which makes the government complicit,
after the fact, in consummating the fraud) ...
Ousting bailed-out U.S. bank CEOs an option: Geithner FNC’s Napolitano Claims Bush Administration Committed
‘Extortion’ Against Banks
First Black President Grovels To Rationally Racist Royal
Family
Who Controls The Black Bloc Anarchists?
zerobama weighing, despite defacto bankruptcy of nation,
more more of the same troops for Afghan war
Queen Elizabeth’s Gift to Calderón: Orwell’s Nineteen
Eighty-Four Kurt Nimmo | Calderón scraped and bowed as the Queen gave him a copy
of George Orwell’s dystopian novel Nineteen Eighty-Four.
The G-20 Summit: Neoliberal Agenda Untouched. Next Phase of
the Crisis is Looming Dr. Eric Toussaint | The G20 strategy is to put a fresh coat of paint on
a world which is collapsing.
DHS, Military Police, Law Enforcement Plan Checkpoint in
Tennessee Kurt Nimmo | The operation in Tennessee is similar to one held last December
in San Bernardino County, California.
zerobama
and the Ruling Class David Macaray | On March 31, it was
revealed that Sebelius had “forgotten” to pay almost $8,000 in taxes. Oops.
UN to hush up report on Israel conduct. The end of the un?
Editorial: Israel not for a just
settlement justifying action to eliminate/exterminate
nazionist israel/israelis for the sake of world peace and justice.
Malaysia calls for ‘Genocide in Gaza’
tribunal LONDON: The Malaysian government
yesterday called for the formation of an Israeli War Crimes Tribunal under the
UN Charter, and that an International Criminal Tribunal for Israel (ICTI) be
organized...
Petraeus Says Israel Might
Choose to Attack Iran justifying action
to eliminate/exterminate nazionist israel/israelis for the sake of world peace
and justice.
4-1-09
AIG crisis could be the tip of an
insurance iceberg U.S. Spending 100% of GDP on
Bailouts and Related Programs Watchdogs:
Treasury won't disclose bank bailout details.(I think it’s obvious they’re
covering up the substantial securities fraud, using taxpayer money to do so, as
yet there’s not even one prosecution which makes the government complicit,
after the fact, in consummating the fraud) ... U.S. private sector axes 742,000
jobs in March March auto
sales plunge... U.S. seen facing danger of 2nd recession next
year or stated another more realistic way, the depression though flush with
ever more worthless weimar dollars providing ephemeral b.s. talking points of
happy days are here again will be exacerbated thereby and continue with a
vengeance r Financial Rescue Nears GDP as Pledges Top $12.8 Trillion U.S. auto sales plunge, but bottom not yet
near "Hurt, Frightened and Very Angry:"
Risk of Social Unrest Rising, Says FT's Martin Wolf [$$] Accounting Rules
Should Avoid Impairment (at The Wall Street Journal Online) Nightmare on Wall Street Destination Collapse Foreclosure Crisis Hits Warp
Speed: 6 Million Families Face Losing Their Homes in the Next Three Years
AIG crisis could be the tip of an insurance iceberg Los
Angeles Times | AIG’s problems extend across most of its
business lines, including its massive life insurance and retirement services
operations, which reported a staggering $18-billion quarterly loss this month.
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion Bloomberg | The U.S.
government and the Federal Reserve have spent, lent or committed $12.8
trillion, an amount that approaches the value of everything produced in the
country last year.
Destination
Collapse The
U.S. government and the Federal Reserve (FED) are pursuing reckless policies.
The scale of their budget and financial mismanagement is so large that they
will almost surely cause social and economic discontinuities unless they are
slowed, halted, or impeded by factors that counteract them.
POWER: TINY TIM GEITHNER WON'T RULE OUT REPLACING MORE CEOs
Hersh: Cheney ‘Left A Stay Behind’ In Obama’s Government,
Can ‘Still Control Policy Up To A Point’ In an
interview on NPR’s Fresh Air yesterday, host Terry Gross asked investigative
journalist Seymour Hersh if, as he continues to investigate the Bush
administration, “more people” were “coming forward” to talk to him now that
“the president and vice president are no longer in power.” Hersh replied that
though “a lot of people that had told me in the last year of Bush, ‘call me
next, next February,’ not many people had talked to him. He implied that they
were still scared of Cheney.
Agent Provocateur Riots Commence in London at G20 World Bank President Admits Agenda For Global Government
Malaysia calls for ‘Genocide in Gaza’
tribunal LONDON: The Malaysian
government yesterday called for the formation of an Israeli War Crimes Tribunal
under the UN Charter, and that an International Criminal Tribunal for Israel
(ICTI) be organized...
Petraeus Says Israel Might
Choose to Attack Iran justifying
action to eliminate/exterminate nazionist israel/israelis for the sake of world
peace and justice.
3-31-09
Global
Meltdown, Part III Home Prices in 20 U.S. Cities Fell
by a Record 19% $$] It's Only
Window-Dressing Why This Is
Just Another Bear Market Rally An Autopsy of the
Glass-Steagall Act U.S. Spending 100% of GDP on
Bailouts and Related Programs TARP Watchdog: “We Do Not Seem To Be A Priority For The
Treasury Department” NEWS BROKE:
SUN-TIMES Files For Bankruptcy, Both Major Chicago Dailies Now In Chapter 11... Ontario, CA, Tent City Residents
Required to Wear Wristbands Government website now offers
’suicide warning signs’ for victims of recession
Home Prices in 20 U.S. Cities Fell
by a Record 19% Home prices in
20 U.S. cities fell 19 percent in January from a year earlier, the fastest drop
on record, as demand plummeted and foreclosures rose.
IRS agent admits -- cheating
on his own taxes!
Government website now offers ’suicide warning signs’ for
victims of recession
BBC Interview: Mexican president says US ‘complicit’ in
drug trade in a very big way which is the truth In an exclusive interview with the BBC’s
John Simpson, Mexican President Felipe Calderon has warned that corruption
among American officials may be making it harder to deal with drug-trafficking
between Mexico and the US.
G20 “Terrorist Plot” Exposed As Teenagers With Plastic Guns
And Fireworks Hannity, Morris Agree with “Conspiracy People” About New
World Order Obama’s Attack on the Middle Class CFR Unveils Global Governance Agenda
Paul Joseph
Watson | Economic observers staggered at government’s mortal blow to free
enterprise.
Ontario, CA, Tent City Residents Required to Wear
Wristbands Los Angeles Times | “They are tagging us
because we are homeless,” she said, staring at her orange wristband. “It feels
like a concentration camp.”
OBAMA WARNING ON SOCIAL SECURITY
|
|
|
|
|
|
THE COLLAPSE OF '09
The “Panic of ‘08” will be followed by “The Collapse of ‘09.” In 2008, when the world’s largest financial firms and equity markets crumbled, Wall Street’s woes preoccupied the media. In 2009, the focus will broaden to include a range of calamities that will leave no sector unscathed.....
THE REVOLUTION
It’s unprecedented. There is nothing like it in the history of the United States. No week goes by without the Government buying into or buying up another failing “too big to fail” using taxpayer money. In the process, a super-race of corporate giants is being created that will be declared “too big to tumble.” It is a matter of historical fact: When people are homeless, helpless, desperate, jobless and hungry, sooner or later they will rebel. And it won’t be any different in America.....
ECONOMIC SLIM-FAST
Like it or not, Americans are going on a diet: a spending diet and a food diet. Staying fit and living frugally was a mainstay of pre-World War II America, and it will be a major defining trend of 21st century America.....
LITTLE PEOPLE SQUEEZE
To keep local, state and federal governments running, and to finance stimulus packages and bailout programs, politicians will put the squeeze on the already squeezed. The biggest squeeze: property taxes. Historically, empires crash when taxes are raised beyond the capacity to pay.....
REGENERATIVE MEDICINE
The signs are clear that the time is ripe for stem cells to start coming out of the laboratory and into the clinic, to make the leap from theoretical to practical, from promise to product. The breathtaking promise, the wild hype, and the raging controversy has turned stem cell research into a political lightning rod, a scientific holy grail, and the last best hope for millions of people with otherwise untreatable diseases.....
THE GREATEST DEPRESSION
While we alone predicted the “Panic of ’08” (and even took out the domain name “Panicof08.com” on November 7, 2007), we are not alone in predicting a Depression. The “D” word is being uttered – in some cases by those who have the most to lose and whose best interests are not served by spreading gloom and doom.....
OBAMARAMA
Setting aside the only major question that remains unanswered (when, or if, Obama makes Supreme Court selections, will they reflect the liberal beliefs of his supporters?), we see nothing coming from his administration that can prevent The Collapse of ’09, the Greatest Depression or the brewing Revolution. From these macro-developments, a number of other significant trends — some promising, some foreboding — will emerge, accelerate and intensify.....
BUSH GARDENS
To cope with food shortages and food rationing during World War II, masses of people planted “Victory Gardens.” As America moves into the Greatest Depression, the need to put food on the table will again oblige people to grow their own.....
WHOLE HEALTH HEALING
Just as Greatest Depression economic conditions cannot be cured with financial stimulus pills or monetary painkillers, so too chronic degenerative disease cannot be cured by silver bullet drug therapies or through the magic of medical doctors. The philosophy and practice of Whole Health Healing, a first line of defense, requires that the individual responsibility for achieving and maintaining health.....
THAT'S ENTERTAINMENT
During the grim times of the Great Depression, arts and entertainment flourished, and with the repeal of Prohibition the good times rolled … and they’ll roll again. Lifting spirits, and drinking them, will be big businesses and major pastimes for both down-and-outs and the Uptown crowd during the Greatest Depression.....
COLLEGE CRASH
As the economy and the
country unravel — closely following our forecast schedule — there is not a
single major mitigating factor to forestall, much less reverse the process.
Following the commercial real estate and retail cave-ins: College. Most will
downsize, many will fail.....
WHAT DO THE TOP FINANCIAL ADVISORS SUGGEST FOR 2009?
George
Washington’s Blog
Wednesday, Jan 7, 2008
Here’s a round up of what some of the top investment advisors who predicted the financial crisis are suggesting for 2009:
PhD economist Marc Faber suggests buying gold (and gold miners), silver, platinum, and industrial commodities, massively shorting long-term treasuries at the appropriate time, and - if one wants to buy stocks - to buy some resource company stocks such as Freeport McMoran, and some Asian stocks (but selling out of stocks at the top of the bear rally).
Jim Rogers likes agricultural and oil stocks.
Fund manager Peter Schiff thinks gold will go through the roof as runaway inflation kicks in and - as usual - urges people to buy stocks in solid, dividend-paying companies in Europe and Asia.
PhD economist Gary Schilling suggests the following:
1. Sell homebuilder stocks and bonds.
2. If you plan to sell your house, second home or investment houses anytime soon, do so yesterday.
3. Sell some housing-related stocks.
4. Sell some consumer discretionary spending companies.
5. Sell most commercial real estate.
6. Sell some commodities.
7. Sell emerging market equities.
8. Sell emerging market debt.
9. Buy the dollar.
10. Sell stocks in general. (S&P 500 to 600)
11. Sell consumer lenders’ equities.
12. Buy, carefully, high-grade bonds.
And
its always worthwhile to look at what Mish is thinking.
Economy
in grip of recession, reports show 1-6-08
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 Steve
Watson | Warns that within five years global dumping of dollar assets
could be complete.
Value
of 2008 Bailouts Exceeds Combined Costs of All Major U.S. Wars CNSNews
| The total value of the bailouts undertaken by the federal government in 2008
now exceeds the combined cost of every major war the United States has ever
engaged in.
Willem
Buiter warns of massive dollar collapse Telegraph | The
long-held assumption that US assets — particularly government bonds — are a
safe haven will soon be overturned as investors lose their patience with the
world’s biggest economy, according to Willem Buiter.
Obama: Trillion-Dollar
Deficits to Last...
...for years
Unconventional
Weapons against The People of Gaza Akram al-Sattari | The
attack against Gaza is a carefully planned humanitarian catastrophe. How can
anybody in their right mind support the actions of the Israeli government?
Israel
Bombs Palestinian School, Kills 30 BBC | At least 30
people were killed and 55 injured when Israeli artillery shells landed outside
a United Nations-run school in Gaza, UN officials have said.
Gaza’s worsening nightmare
AlArab Online | The shelling is incessant, hospitals are
overwhelmed, children are shell-shocked, the Gaza nights are miserably cold in
the windowless homes. And residents fear their nightmare could worsen.
Remember
that Britain’s SAS trained the Khmer Rouge At a time when the USA is
supporting Israel’s actions in Palestine, we should remember that the USA and
UK supported Pol Pot and his murderous Khmer Rouge.
CIA
Preparing To Install Military Government In Greece?
Norwegian
doctor: Israel intentionally targeting civilians Mads Gilbert, a Norwegian
doctor working in Gaza, told Sky News on Monday that that he believes Israel is
deliberately attacking the Palestinian population, not just targeting Hamas as
Israeli authorities have said numerous times
The Gaza Bloodbath
Israel’s
slaughter of innocent Palestinians is morally outrageous
Israeli
terror in Gaza overshadows US-Gulf forum
Al-Qaida No. 2 blames Obama
for Gaza fight...
UN SCHOOL HORROR IN GAZA;
TANK FIRE KILLS DOZENS...
Car
sales plunge heralding bleak 2009 1-5-09
Stocks
slip on telecom and financials; Apple jumps on ‘jobs alive’ news…riiiiight!
Consumer
bankruptcies jumped 33% in 2008 and much worse expected in 2009 including
commercial bankruptcies far greater and larger than in 2008
Will We Have a Good 2009? Not If History Is Any Guide
[$$] Don't Get Too Happy About the New Year
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).
Check
This Graph-Proof we are going into a Great Depression. Notice MASSIVE job
losses. Is there really any doubt any longer?
Gaza
hospital overwhelmed by dead, wounded (AP)
Diplomats
seek truce as Gaza's civilian toll(over 25%) rises (AP)
UN
contradicts Israel over depth of crisis in Gaza (AP) america/israel 21st
century terrorists/nazis
Olmert
rebuffs Sarkozy call for Gaza ceasefire (AFP)
Israel
Using Depleted Uranium Against Gaza Victims Paul Joseph Watson
| More evidence of war crimes being committed.
Financial
Ruin and War For All Who Oppose The Rulers of the Economy Bob
Chapman | The Quadrillion Dollar Derivative Death-Star is a
world-class disaster made possible by the same group of deregulatory
Clintonites who now infest Comrade Obama’s Cabinet.
Engines
of Recovery Flame Out as Economy Seeks Obama-Fed Rescue Bloomberg
| The engines that have lifted the U.S. economy out of every recession since
World War II will be of little help this time around.
2009 is Going To Be
a Bumpy Ride
George
Washington’s Blog January 5, 2009
Here are my predictions for 2009.
If these predictions sound too gloomy and you don’t buy them, bookmark this,
and come back to it later in the year to see whether or not it was right.
After a
short rally in the stock markets, lasting somewhere on the order of 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. Obama will institute numerous "emergency
measures" to "restore stability". None of them will be pretty,
and none of them will work . . . except to undermine our liberties still
further. Its going to be a very bumpy ride.
OIC
slams world silence on Gaza bloodbath
ISRAELI TANKS AND TROOPS
LAUNCH ATTACK ON GAZA...
'Lengthy
operation': Israeli official...
THOUSANDS OF RESERVISTS
CALLED UP...
EU president: Israel ground op in Gaza IS offensive...
Schwarzenegger’s a dummy who
really possesses no analytical skills whatsoever (probably roid brain damage)
and is done: No nation has right to starve people in land they invaded (and
blockaded) violating international law and created the very scenario they now
use to buttress their killing of innocent children, women, and men... Then
there’s also little tony villar, former gang member who changed his name,
failed the bar exam 4 times, also a land of fruits and nuts dummy who embraces
war criminal nation israel for lost angeles politics sake and yes…he’s lost
angeles mayor, little tony ‘mecha man’ villargairosa.
FRANCE, LONE EUROPEAN VOICE
OF REASON, CONDEMNS...
Israel
Using america-funded Depleted Uranium Against Gaza Victims Medics have
found traces of depleted uranium in victims of Israel’s brutal attack on Gaza,
according to a Press TV report, meaning the ultimate death toll could be far
higher as future generations are plagued by cancers and birth defects. Israel
rains fire on Gaza with america-funded phosphorus shells - israel is using
controversial white phosphorus shells to screen its assault on the heavily
populated Gaza Strip yesterday.
Israeli
forces kill five Palestinian children in Gaza
Top 5 Lies
About Israel’s Assault on Gaza The Gaza Strip is one of the most densely
populated pieces of property in the world. The presence of militants within a
civilian population does not, under international law, deprive that population
of their protected status, and hence any assault upon that population under the
guise of targeting militants is, in fact, a war crime.
|
|
Kingdom
denounces silence — Palestinian factions asked to unite JEDDAH: Saudi Arabia yesterday denounced the silence of the
international community over the ferocious Israeli war on unarmed Palestinians
in Gaza and the collective punishment inflicted on the inhabitants...
Foreign
journalists barred from Gaza
Bodies of Hamas leader's
children paraded...
WIRE...
PHOTOS...
Obama, Looking More And More
Like A Pre-Election Jive-Talker, Silent on war crimes by america funded
israelis...
DONOR AIDED BY SEN. CLINTON
ALSO GAVE TO CLINTON CHARITY...
Victims with a legitimate grievance
Civilians bear brunt of attack
GAZA CITY: Dozens of civilians were killed yesterday as the Israeli war
machine rolled on in the Gaza Strip.
RAIN OF FIRE ON GAZA...
ISRAELI TANKS, TROOPS SLICE
THROUGH CITY... At least three children were among a dozen Palestinian civilians
killed on Monday as Israeli troops pressed home a ground assault
PAPER: 'Obama's silence is
damaging'...
journalists
prevented from Arab free press forum
Authorities in Saudi Arabia, Syria and Tunisia prevented
four Arab journalists and human rights activists from attending the Arab Free
Press Forum, an annual gathering in Beirut, Lebanon organised by the World
Association of Newspapers (WAN) and "An-Nahar" newspaper.
Regional, Politics, 12/24/2008
British
minister describes Israeli settlements as tyranny
British Foreign Office Minister for the Middle East Bill Rammell toured
the southern West Bank city of Hebron on Monday and called for removal of
illegal Israeli settlements in the city.
Palestine-Israel-UK, Politics, 12/24/2008
No
supplies enter Gaza
due to the shortage of wheat grain, all Gaza mills have been shut down,
and more than half of Gaza's 47 bread bakeries have had to close.
Palestine-Israel, Politics, 12/24/2008
Israeli
forces arrests Neta Golan, co-founder of ISM
Neta Golan, an Israeli citizen and co-founder of the International
Solidarity Movement (ISM), has been arrested by Israeli police while attempting
to leave the Gaza Strip through the Beit Hanoun (Erez) crossing.
Palestine-Israel, Politics, 12/24/2008
UN recognizes end of mandate of
multinational force in Iraq - Yahoo! News
Iraq-UN, Politics, 12/24/2008
Official Report Faults Iraq
Reconstruction - WashingtonPost.com
Iraq-USA, Politics, 12/24/2008
Iraq says power grid not fully
restored until 2011 - Yahoo! News
Iraq, Politics, 12/24/2008
The Saturday Profile: Once a
Political Riser, an Israeli Challenges His Country’s Identity - NY Times
Palestine-Israel, Politics, 12/24/2008
Hamas: Gaza will become
'cemetery' for Israeli army...
Bethlehem adapts to life in shadow of
Israeli wall - WashingtonPost.com
Palestine-Israel, Politics, 12/24/2008
U.N. Rights Investigator Expelled by
Israel - NY Times
Palestine-Israel-UN, Politics, 12/24/2008
2008NEWS
Top 2008
Predictions! Ask an Analyst! You Get This! The Coming
Depression
Neocon
Mental Case Bolton Has Wet Dream and Says Gaza Conflict May Result in U.S.
Attack on Iran
Why
should we bail out US automobile industry JEDDAH:
According to reports published in Al-Seyassah, a Kuwaiti newspaper, and some
other Gulf newspapers, the United States has asked four Gulf states for
financial aid close to $300 billion to face...They’d be the dumbest people in
the world to do so…war criminal americans who fund and support war criminal
allies the war criminal israelis
‘Israeli
assault of Gaza empowers Hamas objective’
The
Manipulation of Gold and Silver Prices
Cynthia
McKinney on CNN via YouTube - Speaks about USS Liberty
‘Key
Ally In The War On Terror’ Breaks With U.S., Condemns Israel For Gaza Strikes
Israeli
airstrikes kill 363 in four-day campaign in Gaza
Dollar
Heads for Biggest Annual Drop Against Yen in Two Decades
Crude
Oil Rises After Israeli Attacks on Gaza Roil Middle East
Poll: 75% glad Bush is done
Analyst:
One Third Of Banks To Collapse In 2009
U.S.
Economy: Home Prices Fall At Depression Pace
Recession/depression
deepens, countries boost spending
New
York University sues fund executive over Madoff
Wall St Santa rally small
comfort after grim year; S&P set to end year down 40%...
Consumers
cut spending, job outlook bleak
Borrowing
from Peter to Pay Paul: The Wall Street Ponzi Scheme Called Fractional Reserve
Banking
Half
of middle class home owners realistically fear their properties could be
repossessed next year
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.
Corporate
Media Notices War College Report on Economic Crisis Kurt Nimmo
| It took a while for them to come around, but the corporate media has finally
taken note of the U.S. Army War College report predicting civil unrest due to
the private bank engineered economic crisis.
As
if Things Weren’t Bad Enough, Professor Correctly Predicts End of U.S. Wall Street Journal | A polite and
cheerful man with a buzz cut, Mr. Panarin insists he does not dislike
Americans. But he warns that the outlook for them is dire.
CAIR
says Israel has turned Gaza into a giant jail
No
evidence to convict 10,000 detainees– U.S. commander
Editorial:
Dismal lack of willpower The relatively muted
response from the capitals of the Western world over the conflict in Gaza is a
sad testament to a kind of collective failure of the will and imagination on
all our parts, commented…
israeli rabid
rabbis: Thou shalt kill civilians, the story of the self-destructive
Christ-killing jews who through avarice, bloodthirst, and pure evil continue
their fraud, murdering, plundering, stealing, corruption, etc., until fed up,
people react in a drastic but effective and if you believe in the israeli
eye-for-eye prescription, just way. Simply stated, israelis are 21st Century
Nazis Press TV | Four leading Israeli rabbis have
sanctioned the murder of civilian population in the Gaza Strip amid the Israeli
massacre in the region.
BBC
Video on Dignity, Gaza-bound Humanitarian Ship Rammed by Israelis BBC
| An Israeli foreign ministry spokesman admitted there was “physical contact”
with the boat but the Free Gaza Movement claims the boat was rammed.
Slaughter
in Gaza: Another Chapter in the Global Master Plan
Israel warns
america-funded Gaza blitz could last weeks
Kucinich:
UN should investigate Israeli Gaza strikes
Obama
adviser preposterously aligns with White House in criticism of rocket attacks
on israel
israel: Don’t
even speak about peace israel’s envoy to the United Nations says that there
will be no negotiations about peace, as Tel Aviv attacks Gazan civilians for a
third day leaving the complete elimination of Israel as the rational, civilized
solution.
BLAGO STRIKES BACK!
RNC accuses Bush of going
socialist...
Iran sets up court to try
Israelis...
Widening range, rockets hit
kindergarten...
Israeli army launches YOUTUBE
channel...
Cynthia McKinney 'relief
boat' rammed by Israeli navy...
Bankruptcies, Store Closings
Loom at Retailers Amid Holiday Debacle...
CHANEL lays off staff as
crunch hits lux brands...
Pros Say:
Employment Collapse is Coming
Holiday
Sales Slump to Force U.S. Store Closings, Bankruptcies
Manufacturing,
Home Prices Sank: U.S. Economy Preview
israel
declares 'all-out war'
US
dumb bomb comes handy
Don’t
fall for Israeli propaganda ONCE again Israel seeks to defend the
indefensible in an attempt to cloak its crimes against humanity with the mantle
of self-defense. As its American-manufactured bombs and missiles pound a
virtually unarmed starving population, Israeli officials appear on just about
every satellite news network singing from the same propagandist song sheet.
CHINA: USA LOST STRENGTH IN
2008; RUSSIA GAINED
REDS: China, Russia military
chiefs hold first phone call...
UPDATE: Professor Predicts
End of USA...
Congress pay raise
protested...
FINAL WEEK: Wall St. faces
record losses in 2008...
Sales Plummet; Discounts
Don't Revive Holiday Spending; High-End Walloped...
Cash-strapped
states weigh selling roads, parks (AP)
Holiday
report: E-commerce dips, electronics plummet
OIC,
GCC denounce massacre in Gaza
Gaza
toll passes 350 in 3rd day of Israeli strikes
Israel
set for ground invasion
Slaughter
in Gaza: Another Chapter in the Global Elite Master Plan Kurt Nimmo
| Bombing Gaza with deadly U.S. GBU-39 missiles is but a small detail in a
larger plan to decimate Arab and Muslim societies.
Israel
Accused Of Massive War Crime Atrocities
Israeli
Troops Mass Along Border; Arab Anger Rises
World
protests Israeli massacre in Gaza
Crude
Oil Rises After Israeli Attacks on Gaza Roil Middle East
YouTube
Places CIA Recruitment Ads on Alex Jones Search Results Kurt Nimmo
| It is likely a psychological operation designed to discredit Alex Jones or a
brazen attempt to recruit agents.
School
Children Put in Solitary Confinement Cells, Practice Common
AIR STRIKES ON GAZA...
MORE THAN 1000 WOUNDED...
REACTION…THE
REACTION SHOULD BE THE OVERWHELMING CONDEMNATION OF DEFACTO OEDIPAL EFFECT;
THAT IS, ISRAEL CREATING EXACTLY WHAT THEY PURPORT TO BE
DETERRING/AVOIDING/PREVENTING, A PLAY OUT OF AMERICA’S FAILED PLAYBOOK WHICH
HAS BANKRUPTED THE NATION FINANCIALLY, ECONOMICALLY, AND GEOPOLITICALLY…DO THE
PEACE…THEY TALK ABOUT SEPARATE STATE AND SEPARATE WOULD BE JUST FINE…BUT OF
COURSE, THEY ARE NOT ABOUT PEACE AT ALL, BUT NEOCONS/ZIONISM/FOOLISHLY FLAWED
STRATEGY…FORCE THE PEACE…LIKE AMERICA, THE COWARDLY MILITANT BULLY ISRAEL
CHOOSES WEAKER/DEFENSELESS FOES INCLUDING INNOCENT CHILDREN, WOMEN, MEN…FORCE
THE PEACE …..
Iran orders Muslims to defend
Palestinians...
Islamic university bombed...
100 targets....
Escalate?
Israeli troops mobilize...
Fear of rockets sends
hospital underground...
London: Violent protesters
'try to force their way in' to Embassy...
Israel
mounts third day of Gaza raids, 307 killed
AIR STRIKES ON GAZA...
MORE THAN 700 WOUNDED...
REACTION...
Arab world slams Israel...
Mosque hit...
100 targets....
Panic...
Escalate?
Israel reinforces troops at border...
Russia braced for unrest;
Moscow continues rouble devaluations...
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
Wages, It all gets
down to wages
Conflict
Between Pakistan and India: Realizing RAND’s Plan for World War Three. Could
people be so stupid as to be so self-destructively duped? Lamentably the answer
is yes.
Israel
attacks Gaza, more than 155 reported killed
Barack Obama: The
Naked Emperor Shocking
but true revelations from David Icke (a must read)
| Vast numbers of people across the world, including many who should
know better, have been duped by the mind-game called Operation Obama.….
(excerpts) Obama has been the chosen one for a long time, a fact known only to
a few in the deep inner circle, and his relationship with Brzezinski almost
certainly goes back to the start of the 1980s when he attended the Ivy League,
and big-time Illuminati, Columbia University where Brzezinski was head of the
Institute for Communist Affairs. Obama simply will not talk in any detail about
this period. He has been covertly funded and supported ever since by the
Trilateral Commission and its network of foundations connecting into the Ford
Foundation, for whom Obama’s mother worked. And a question: Does anyone really
believe that someone, a ‘man of the people’, would simply appear from
apparently nowhere to run the slickest and best-funded presidential campaign in
American history? He was chosen long ago by those who wish to enslave the very
people that Obama says he wants to ’set free’. The sources of Obama funding
read like a Wall Street Who’s Who - Goldman Sachs, UBS, Citigroup, Credit
Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder
he went back on his pledge to accept the limitations of public funding for his
campaign and instead took the no-limit option of ‘private’ funding…Then there
is the Jewish financier, George Soros, the multi-billionaire associate of
Brzezinski and closely involved with the funding and marketing of Obama. Soros
is a former board member of the Illuminati’s Council on Foreign Relations and
funds the European Council on Foreign Relations. In short, he is a major
insider… You can certainly see the Soros/Brzezinski techniques in the Obama
‘revolution’ in the United States. It was the complex and secretive network of
Soros foundations and organisations, connected to the intelligence agencies of
the US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as ‘peoples’ revolutions’, but it
just so happened that when they were over and the old regime was removed the
new leaders were those waiting in the wings all along - the puppets of Soros,
Brzezinski and their associated networks. Obama is just more of the same, a big
smile with strings attached, and controlled completely by the Illuminati
networks that chose him, trained him, sold him and provided his record funding.
It was they who kept his many skeletons under wraps, like the gay sex
and crack cocaine allegations of Larry Sinclair (from
affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?…), and they
will continue to do so as long as he jumps to their bidding. Obama is just
another Banksters’ moll prostituting himself for fame and power, and that’s why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. His financial advisors are
straight from the Wall Street ‘A’ list, including Paul Adolph Volker
(Trilateral Commission, Council on Foreign Relations, Bilderberg Group), the
head of the Federal Reserve from 1979 to 1987 and Illuminati to his
fingertips. Obama has made him head of
the Economic Recovery Advisory Board, which is dominated by insiders, including
its staff director and chief economist, Austan Goolsbee, a close Obama
associate from the University of Chicago. Goolsbee is an initiate of the
infamous Illuminati Skull and Bones Society at Yale University, which also
includes Boy and Father Bush. It was Goolsbee who told the Canadian
government not to worry about Obama’s attacks on the economic effects of ‘free
trade’ agreements because his words were just to win votes in the election campaign.
Another Wall Street insider, the Zionist Timothy Geithner (Bilderberg Group,
Trilateral Commission, Council on Foreign Relations), was appointed by Obama to
be his Treasury Secretary. Geithner was the President of the New York Federal
Reserve Bank, the most powerful in the private ‘Federal’ Reserve cartel that
masquerades as America’s ‘central bank’, and he is a former employee of both
the Council on Foreign Relations and the appalling Kissinger Associates. Obama’s Treasury team locks into the inner
circle around the Zionist Robert Rubin, the Director and Senior Counselor of
Citigroup, co-chairman of the Council on Foreign Relations, and economic
advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the
man behind Citigroup’s strategy of expanding its risk in debt markets which
forced it to be rescued by taxpayers’ money. The very people who caused the
financial crisis are being appointed by Obama to decide how to respond to it
(more taxpayers’ money for them and their friends)…
Angry
Government Employees Protest Lay Offs
U.S.
Army Ready If The Downturn Gets Out Of Hand
Russia
to raise nuclear missile output fourfold
Russian
probe accuses Georgia of genocide in conflict
Russia
orders 70 strategic nuclear missiles by 2011: report
Russia, China warn of dire
economic straits in 2009...
Russia to raise nuclear missile
output fourfold; More tanks, ships and planes...
Beijing Considers Upgrades to
Navy...
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%.
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”
French
Madoff investor found dead in NY office
No
Christmas cheer as recession/depression gathers steam
Wall
Street stumbles on economic data, retail anxiety (Reuters)
Dow
falls for 5th straight session on grim data
Economy
and housing sales post declines
FDNY
Lieutenant Admitted Plan To ‘Take Down’ WTC 7
International criminals There is pressure building on the incoming
Obama Justice Department to somehow adjudicate the war crimes committed by the
George W. Bush administration, starting at the top. The political problem is
that these crimes also implicate leading Democrats, thereby rendering true
justice nearly impossible.
CIA warned Condi on
Niger claim A high-ranking CIA official warned Condoleezza Rice in
September 2002 that allegations about Iraq seeking yellowcake uranium from
Niger were untrue and that she, as national security adviser, should stop
President George W. Bush from citing the claim in making his case against
Saddam Hussein’s regime, according to new evidence released by a House
committee.
Credit
crunch Britain must learn the lessons of Nazi Germany, warns Archbishop The
Archbishop of Canterbury has risked new controversy after he appeared to draw
parallels between Gordon Brown’s Government and the Nazis.
One-state
solution gains supporters
Obama wants Bush war team to
stay...
...Gates to keep most Bush
appointees
Barney Frank: Obama
'Overestimates' Ability to Charm ...
Housing
crisis worsens as economy weakens
Japan
recession deepens, China cuts rates
Great
Recession/Depression of 2008, et seq., Worse Than All Others
Where'd the bailout money go? Shhhh, it's a secret (AP) AP - It's something any bank would demand to
know before handing out a loan: Where's the money going? But after receiving
billions in aid from U.S. taxpayers, the nation's largest banks say they can't
track exactly how they're spending the money or they simply refuse to discuss
it.
AP
study finds $1.6B went to bailed-out bank execs
Ratings
Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking
Alpha)
Archbishop warns of dangers
with economic dogma...
Sees parallels in new
politics and Nazi Germany...
Cheney:
We Asked If We Needed Approval For Wiretapping, Congress Told Us ‘Absolutely
Not’
Obama
& Biden Make Big Mistake in Protecting Bush Administration Criminals
Mike
Connell was warned not to fly before plane crash WMR | WMR
has learned from our Ohio sources that five threats against Connell were
conveyed to the election fraud plaintiff attorneys with the last tip being
“Connell is in danger.”
Where’d
the bailout money go? Shhhh, it’s a secret AP | After
receiving billions in aid, the nation’s largest banks say they can’t track
exactly how they’re spending the money or they simply refuse to discuss it.
World
faces “total” financial meltdown: Bank of Spain chief AFP
| The governor of the Bank of Spain issued a bleak assessment of the economic
crisis, warning that the world faced a “total” financial meltdown unseen since
the Great Depression.
IMF warns of
‘disturbing’ UK debt BBC | Public debt has risen to
Ł650bn, 44.2% of UK gross domestic product. Consumer debt is more than Ł1.4
trillion.
Hedge funds
gain access to $200bn Fed aid Financial Times | Hedge
funds will be allowed to borrow from the Federal Reserve for the first time
under a landmark $200bn programme intended to support consumer credit.
Obama
will not prosecute Bush and Cheney for 9/11, war crimes Joseph
Lopisi | Mark my words. Obama will not hold the Bush administration
liable for violating the Constitution or for crimes including treason, 9/11,
financial fraud, mass murder and war crimes.
US military ‘to
defy’ Iraqi pact Gareth Porter | U.S.
military leaders and Pentagon officials have made it clear that they plan to
violate a central provision of the withdrawal agreement by reclassifying combat
troops as support troops.
Madoff:
“I’m very close with the regulators.”
Ex-Israeli
Gen.: war criminal nation israel can’t defeat Iran
Mike
Connell was warned not to fly before plane crash
Video:
Crash Will be Worse than Great Depression Infowars |
Interview with economist Nassim Nicholas Taleb and mathematician Dr. Mandelbrot
who predict a depression far worse than anything we have ever seen.
Banks
Keep Mum on What they Did with Bailout Cash
Rice:
Obama will likely continue Bush’s failed approach to foreign policy despite
promised change. Could he be that dumb? If so, then wobama y
Bush
Insider Who Planned To Tell All Killed In Plane Crash, Non-Profit Demands Full
Federal Investigation
China
blocks Internet access to New York Times
Senate-for-sale
case threatens new chief of staff jewmanuel f
Gaza
violence: israel at it again
Israel threatens major
offensive against Gaza...
Egypt warns...
Closely Watched Hedge Fund Seen Cutting Back on Stocks
Get Ready to Scrimp and Save, Says Economist Shilling
Nazi Economics LewRockwell.com | Nearly every
day brings new reports of the collapse of a large financial institution or the
impending bankruptcy of a major company.
Ron Paul: Fear Based Bailouts Constitute Economic Terrorism
Steve Watson | Rep. Ron Paul
has warned that fear-based politics are being used to promote the bailout
culture in the same way they were used to sell the Iraq war.
He Saw the Crash Coming: What Gary Shilling Sees for 2009 Yes, he’s using the d for depression word so If video unavailable, here for avi
rendering.
Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression
SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'
SWINDLER'S LIST: Gov't
Toughens Bail Conditions For Madoff...
CONGRESS GIVES
ITSELF RAISE FOR JOBS POORLY DONE AND CAUSING NATIONAL AND GLOBAL DISASTER...
kissinger is Clearly Senile and Calls For New International
System Out Of World Crises
SWINDLER'S LIST: Gov't
Toughens Bail Conditions For Madoff...
Anti-Semitism floods
Internet...
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
U.S.
Stocks Fall on Concern Fed Is Running Out of Ammunition
Career Army Officer Sues Cheney, Rumsfeld For 9/11
Complicity
Olbermann:
‘The president is just full of crap’
Book:
Tenet drunkenly mocked Bush neocons, right-wing Israelis
Cheney Lauds Obama
Security Team; thats not a good thing
Assaults on border
agents increase
PAPER: Rham Emanuel
talked directly to Blago... Developing...
Pakistanis stage massive anti-US rally
Barak backs purposeful US-Iran dialogue
Gaza
militants fire rockets after deadly Israeli raids (AFP)
Israel
launches two more air strikes on Gaza: witnesses (AFP)
CAROLINE KENNEDY SEEKS AND SHOULD BE GRANTED
CLINTON'S SENATE SEAT
Fed unleashes
greatest bubble of all John Kemp | Like the sorcerer’s
apprentice, Federal Reserve Chairman Ben Bernanke and his predecessor Alan
Greenspan have unleashed a series of ever-larger asset bubbles they cannot
control.
U.S.
Records Huge Current Account Deficit
Canadian
Prime Minister Stephen Harper believes a depression is COMING
Peter
Schiff new VIDEO on the Coming Collapse Dec 16 We will follow in the
footsteps of ARGENTINA not JAPAN.
Scholar: Cheney confessed to war crime
Russian
treason bill, Neocon/bushesque and a throwback to the old failed soviet union
(how regressive and pathetic), targets Kremlin critics Associated
Press | New legislation backed by Putin would allow Russian
authorities to label any government critic a traitor — a move that rights
activists say is a chilling throwback to times of Soviet dictator Josef Stalin.
Blasts kill 18
and wound 53 in Baghdad
Swiss
gold bullion in huge demand as trust in banks dives
Goldmine
Sachs: Bank’s bonuses cut to a ‘mere’ Ł142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay Ł4.3billion 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...
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-ŕ-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
based on nothing but bull s**t and fraud!
Arizona
Police Trained for Economic Civil Unrest
IMF
Chief Warns Of Riots In Response To Economic Crisis
Neocon
Gaffney: 4000 US Troops ‘Had To Die’ In Iraq Steve Watson
| Renowned neocon says he is “delighted” the illegal invasion went ahead
regardless of fabricated intelligence.
CAROLINE KENNEDY SEEKS AND
SHOULD BE GRANTED CLINTON'S SENATE SEAT
Not just super rich caught up in $50B Madoff case
More banks reveal Madoff exposure
Army ‘Strategic Shock’ Report Says Troops May Be Needed To Quell U.S.
Civil Unrest
Police State War Against Photojournalism
The Purpose of the Economic Meltdown Carolyn Harris | We all know economic
depression here, and some of us have an inkling about what is coming.
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”, BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S.
Israel
shuts Gaza again as freedom fight escalates
NY BUDGET BLOWOUT: 88 NEW FEES, TAXES
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," with
estimated investor losses of about $50 billion, according to the U.S.
Attorney's criminal complaint against him. Bernard Madoff arrested over alleged $50
billion fraud (Reuters)
Report: Bush masked cost of wars that could top $1.7
trillion Bush Tries To Rewrite History: ‘I Never Said The Taliban
Was Eliminated (LIE!)’
The Two Trillion Dollar Black Hole Pam
Martens | The U.S. taxpayer is funding little more
than Ponzi schemes… Financial Crisis Tab Already In The Trillions...
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.” The man who predicted the
1987 stock market crash and the fall of the Soviet Union is now forecasting
revolution in America, food riots and tax rebellions - all within four years,
while cautioning that putting food on the table will be a more pressing concern
than buying Christmas gifts by 2012.
Layoffs mount, economic crisis deepens in the US |
Mass layoffs, bankruptcies and negative labor market data — all indicate the US
is entering a deep economic crisis.
Foreclosure rates up 25 percent year-over-year
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
Cost Of Bailout Hits $8.5 Trillion Paul
Joseph Watson | Total sum represents 60 per cent of GDP and
yet is but a small fraction of the hundreds of trillions of dollars “worth” of
worthless securitized paper at the core of the problems which they are afraid
to address.
FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe?
(at Seeking Alpha)
October home sales and inventories fall
Stocks on win streak amid more bad economic news
Cisco plans 4-day shutdown to cut costs
October home sales fall sharply (Reuters)
Sacrifice
We Can Believe In Kurt Nimmo | Sacrifice for
you and me, of course, not for Obama or Hank Paulson and not for their global
elite bosses.
As mortgages went bad, executives cashed out
U. S. auto bailout tip of iceberg, analysts warn
Economy shrinks at fastest pace in seven years
Beck: States should secede from America to protest
bailouts. Today
on his radio show, conservative talker and future Fox News personality Glenn
Beck suggested that states should “secede” from the union to protest the recent
string of Wall Street bailouts.
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.
Home
values to lose well over $2 trillion during 2008 and more losses in 2009:
Zillow (Reuters)
More banks
reveal Madoff exposure
Banks hit worldwide by US 'fraud'
As Rates Race to Zero, Printing Presses Gear Up When the
Federal Reserve policymakers decide on interest rates Tuesday, investors will
probably look one step beyond their decision, to gauge how much money will the
Fed be willing to print once it is out of rate ammunition.
Farrell’s
15 Ghosts of wallstreet/economic Past/Present/Future
CAROLINE KENNEDY SEEKS AND SHOULD BE GRANTED
CLINTON'S SENATE SEAT
Iraqi
reporter throws shoes at Bush, calls him dog – That shoe fits! (Reuters) Arab world hails shoe attack as Bush’s farewell gift
Fund Fraud Hits Big Names;
Madoff's Clients Included Mets Owner, GMAC Chairman, Country-Club Recruits...
...HSBC FALLS VICTIM
PALM BEACH ENCLAVE, STUNNED
BY AN INSIDE JOB...
RAHM IN THE MIDDLE... On Tape... 'Aides Discussed Senate
Seat'...
BOX: 'EARTH STOOD STILL'
TOP...
Not
just super rich caught up in $50B Madoff case
Tokyo
full moon lunacy pace gains, ignoring bad news, data
UK house prices
'to fall by 30%'
Israel
warned against halting cash flow to Gaza (AP)
More banks
reveal Madoff exposure
How Much Coverage Do We Get?
Customers
of a failed brokerage firm get back all securities (such as stocks and bonds)
that already are registered in their name or are in the process of being
registered. After this first step, the firm?s remaining customer assets are
then divided on a pro rata basis with funds shared in proportion to the size of
claims. If sufficient funds are not available in the firm?s customer
accounts to satisfy claims within these limits, the reserve funds of SIPC are
used to supplement the distribution, up to a ceiling of $500,000 per customer,
including a maximum of $100,000 for cash claims. Additional funds may
be available to satisfy the remainder of customer claims after the cost of
liquidating the brokerage firm is taken into account.
What Happens After A Failure
- Best case scenario: Your shares are quickly transferred to another
broker-dealer, and you can resume selling or buying as needed.
- Worst case scenario: Your brokerage firm has poor records, is put
into liquidation, and the court-appointed trustee will notify you and send
a claim form and instructions. You send it in, and you could wait months
to receive your stock certificates back.
Report: Google Seeking To Cut Net Censorship Deals What
hypocrites!
Update: Marine “Military Presence” Confirmed in San
Bernardino County
Trends Forecaster Celente: Greece-Style Riots Coming To
U.S. Paul
Joseph Watson | Troops and mercenaries will be used to detain
Americans in prison camps, warns deadly accurate trends forecaster. Frighteningly
accurate trends forecaster Gerald Celente says that America will see riots
similar to those currently ongoing in Greece and that the cause will be a
hyper-inflationary depression, leading to the inevitable use of troops and
mercenaries to deal with the crisis as Americans are incarcerated in internment
camps.
Radical US Federal Reserve action expected with rate cut
jewmanuel the adviser on gov tape
Obama’s Economic Team Planning for Global Economic Collapse
Dollar Staggers as U.S. Unleashes Cash Flood, Deficit
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.
USA Excluded From
Latin American Summit as China, Russia, Iran Loom Large...
Iraq Approves U.S. Security Pact as
Violence Flares - NY Times
Iraq-USA, Politics, 12/9/2008
Iraqis comment on US troop deal - BBC
Iraq-USA, Politics, 12/9/2008
Anger as Egypt sheikh meets Peres - BBC
Egypt-Israel, Politics, 12/9/2008
How a murder investigation could snarl Mideast peace
- CS Monitor
Lebanon-Syria, Politics, 12/9/2008
Syria inches in from the cold - BBC
Syria, Politics, 12/9/2008
Sadr Movement Seeks Its Way As Others
Gain Power in Iraq - WashingtonPost.com
Iraq, Politics, 12/9/2008
Out by June: UK plans Iraq withdrawal
- Guardian Unlimited
Iraq-UK, Politics, 12/9/2008
Basra vote aims to benefit from Iraq
oil wealth: planner - Yahoo! News
Iraq, Politics, 12/9/2008
In Iraq, 'a Prison Full of Innocent
Men' - WashingtonPost.com
Iraq, Politics, 12/9/2008
Iraq outlines regional plan for
security, development - Yahoo! News
Iraq, Politics, 12/9/2008
Attorneys for Indicted Blackwater
Guards Lash Out at Justice Dept. - WashingtonPost.com
Iraq-USA, Politics, 12/9/2008
U.S. declines to free Reuters photographer
in Iraq - WashingtonPost.com
Iraq-USA, Politics, 12/9/2008
New Tensions in Jerusalem’s Arab
Neighborhoods - NY Times
Palestine-Israel, Politics, 12/9/2008
US criticized at UN session on
terrorism - WashingtonPost.com
Regional-USA, Politics, 12/9/2008
THE TYPICAL WALL
STREET JEW WHO COANNED THE WORLD...
Madoff fallout
spreads; Banks report potential losses of $10B...
Investors May Get
Protection From Government...
Charities hit
hard...
Geneva banks lost more than $4 billon to Madoff: report
Citadel suspends redemptions from two hedge funds
Madoff fraud case raises questions about SEC (AP)
Fed regulators shut 2 banks in Georgia, Texas (AP)
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," with estimated investor losses of about $50 billion,
according to the U.S. Attorney's criminal complaint against him. Bernard Madoff arrested over alleged $50 billion fraud
(Reuters)
“New Rules” for Obama’s National Civilian Security Force
Collapse of Pension Funds: The End of Retirement?
Congressman: Fed “Bamboozling” Americans
Top socialites face ruin...
Wall Street's biggest
scheme...
BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD
8 really, really scary predictions Nouriel Roubini | Known as Dr.
Doom, the NYU economics professor saw the mortgage-related meltdown coming. We are in the
middle of a very severe recession that’s going to continue through all of 2009
- the worst U.S. recession in the past 50 years. It’s the bursting of a huge
leveraged-up credit bubble. There’s no going back, and there is no bottom to
it. It was excessive in everything from subprime to prime, from credit cards to
student loans, from corporate bonds to muni bonds. You name it. And it’s all
reversing right now in a very, very massive way. At this point it’s not just a
U.S. recession. All of the advanced economies are at the beginning of a hard
landing. And emerging markets, beginning with China, are in a severe slowdown.
So we’re having a global recession and it’s becoming worse. Things are going to
be awful for everyday people. U.S. GDP growth is going to be negative through
the end of 2009. And the recovery in 2010 and 2011, if there is one, is going
to be so weak - with a growth rate of 1% to 1.5% - that it’s going to feel like
a recession. I see the unemployment rate peaking at around 9% by 2010. The
value of homes has already fallen 25%. In my view, home prices are going to
fall by another 15% before bottoming out in 2010.
BANK OF AMERICA to cut 35,000
jobs...
...final could be higher
Shocking but true claim: Most
big banks 'bankrupt'...
Greek-inspired demonstrations spread
Gates
Memo Announces Final Assimilation of National Guard and Reserve Carolyn
Harris | The recommendations that are so disturbing are those
involving the assimilation the National Guard and Reserves into the regular US
military, under control and management of the DoD.
Top
Homeland Security Official Arrested After Allegedly Hiring Illegal Aliens to
Clean Her Home
U.S., Mexico Mostly Silent About Deaths of American
Tourists South of the Border
Obama
will nuke Iran if Israel nuked, official says
Settlements blocking agreement, says Qorei
CHICAGOLAND: RAHM REFUSES
QUESTIONS
Case Confirms Rezko Talking
With Prosecutors...
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 The German
finance minister has launched a highly unusual attack on Britain’s economic
stimulus package, saying it will not fend off recession but will leave the next
generation saddled with debt.
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," with estimated investor losses of about $50 billion,
according to the U.S. Attorney's criminal complaint against him. Bernard Madoff arrested over alleged $50 billion fraud
(Reuters)
Gates
Memo Announces Final Assimilation of National Guard and Reserve Carolyn Harris | The recommendations that are so disturbing are
those involving the assimilation the National Guard and Reserves into the
regular US military, under control and management of the DoD.
Top
Homeland Security Official Arrested After Allegedly Hiring Illegal Aliens to
Clean Her Home
U.S., Mexico Mostly Silent About Deaths of American
Tourists South of the Border
Obama will nuke Iran if Israel nuked, official says
CHICAGOLAND: RAHM REFUSES
QUESTIONS
Case Confirms
Rezko Talking With Prosecutors...
Feds subpoena TRIBUNE...
BLAGOSPHERE:
'OPEN GOVERNMENT' SITE CENSORS QUESTIONS...
Jackson Jr. denies
wrongdoing...
GOP Senator Warns of ‘Riots’ if Automakers Are Bailed Out
BANK OF AMERICA to cut 35,000
jobs...
...final could be higher
Shocking but true claim: Most
big banks 'bankrupt'...
Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg
Retail
sales post big drop in November
Lawmakers rap Treasury on bailout plan
Whitney: Banks On Life Support Next 18 Months Influential
bank analyst Meredith Whitney remains bearish about the economy, and her
outlook for the banks that “lubricate the economy” is grim.
Worsening Spending Slump Paces ‘Scary’ U.S. Recession The biggest
slump in U.S. consumer spending since 1942 will extend the recession and push
the jobless rate to the highest level in a quarter century, according to
economists surveyed by Bloomberg News.
Treasury Bills Trade at Negative Rates
Is the Fed Taking the First Steps to Selective Default and
Devaluation? ABOLISH THE FED;
THEY’RE PROVEN F**K UPS! Jesse’s Cafe Americain | The Fed is
asking Congress about permission to issue their own debt directly, not tied to
Treasuries. Fed Hides Destination Of $2 Trillion In Bailout Money
Obama Lies About Meeting Blagojevich
Countdown: Comment on the Bush Legacy Keith debunks
the talking points memo put out by the Bush administration trying to rewrite
his legacy of abject failure.
Real Cost Of Bailout So Far: $5
TRILLION - $7.4 TRILLION
- $8.5
TRILLION!
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
Economic crisis: US, China and the coming monetary storm
FIRST
TIME: Treasury Bills Trade at Negative Rates...
Tortured Patsies “Confess” To 9/11 Paul Joseph Watson | And it has nothing to do
with the waterboarding, cattle prods or sleep deprivation — they just wanted to
get it off their chest.
Blagojevich Arrested On Corruption Charges After Going Up Against Bank of
America
Zbigniew Brzezinski: Israel’s push for Iran strike may hurt U.S. ties Haaretz | Zbigniew Brzezinski, former national
security adviser to Carter, told Haaretz that Israel will do harm to its
relations with the U.S. if it insists on lobbying Washington for an American
military strike on Iran.
Illinois
Governor Arrested By Federal Agents...
Probe
widens to vacant senate seat...
'A fu**ing
valuable thing, you just don't give it away for nothing'...
'The
breadth of corruption laid out in these charges is staggering'...
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 Dustin Ensinger | Economist
Peter Morici, a professor at the University of Maryland, said the job loss
experienced in November “was much worse than was expected … The threat of a
widespread depression is now real and present.”
Unemployed and hungry in the U.S.
Feeble-minded feds Could Take
Stakes in Big 3... N A T I O N A
L I Z A T I O N 'And now for a world
government'...
NEWS IS BROKE:
TRIBUNE, Others Prepare for Bankruptcy Filings...
NEWS IS BROKE: NYT MORTGAGES
HQ IN CASH CRUNCH...
TRIBUNE FILES FOR
BANKRUPTCY...
ZELL MEMO...
ZUCKER: NBC MAY SCALE DOWN
PROGRAMMING HOURS...
Filibuster Al Qaeda Founder Robert Gates Webster Griffin
Tarpley | The nomination of Robert Gates to be Secretary of Defense
must be rejected. Gates is deeply implicated in three decades of crimes by the
intelligence community.
Former ISI Chief: Mumbai And 9/11 Both “Inside Jobs”
Bush Regime Declares Itself Above the Law The US
government does not have a monopoly on hypocrisy, but no other government can
match the hypocrisy of the US government.
New York governor shock:
'Once you go black, you don't go back'… I don’t think so!…..
Clinton builds loyalist empire
Israel's
West Bank system like apartheid: rights group (AFP)
Jewish
settlers set fire to Palestinian home (Reuters)
Israeli
cops block aid boat bound for Gaza
‘Mossad fails in top anti-Iran agenda’
Chinese whistleblowers 'sent
to mental wards'...
Don't Buy the 'Stocks Are Cheap' Hype: Weak Earnings Means a
'Washout' in '09 Mauldin
predicts valuations will eventually fall to record low levels — meaning low
single-digits price-to-earnings ratios… This is going to be a longer recession
we've had in a long time [and] earnings are going to be impacted a lot more
than people are currently thinking…..
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
Obama Doesn’t Plan to End Occupation of Iraq The New York Times is reporting about an
“apparent evolution” in president-elect Barack Obama’s thinking on Iraq, citing
his recent statements about his plan to keep a “residual force” in the country,
despite campaign promises that helped get him elected to the contrary.
Bush reported to be drinking heavily With less than two months remaining in
office, George W. Bush, witnessing a devastating defeat for the Republican
Party, worse favorability ratings than those of Richard Nixon at the height of
the Watergate scandal, and the most devastating economic situation since the
Great Depression, is reported by a number of well-placed sources in Washington
as drinking heavily.
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
US
FEDERAL RESERVE to buy US DEBT? WITH WHAT?
Prepare For
Depression Level Unemployment
Record
number of Americans using food stamps: report
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?
Leaked
Memos Reveal Holder’s Involvement In OKC Murder Cover-Up
The
World View: U.S. ‘infected’ the world with the crisis – Putin
CNN Censors Sound
Critique of Federal Reserve?
Pentagon: Obama to fire
majority of 600 Bush appointees…A wise move!..
St.
Louis City Leader Says Police Ineffective to Stem Rising Crime, Tells Residents
to Get Armed
CFR-Brookings
to Dominate Obama “Strategy” Kurt Nimmo | Meet the new boss, same as the old boss —
and that boss is the Council on Foreign Relations.
A
Bleak Outlook: Nov. Job Loss, Economic Weakness Housing Wire | Private sector employment decreased by 250,000 in
November, according to a monthly National Employment Report released Wednesday
by Automatic Data Processing Inc.
US, China currency clash over
worthless american currency...
IT SEEMS
ALMOST TOO INCREDIBLE FOR WORDS THAT BUSH MAN JEB BUSH LEAGUE OF CRIMINALS IS
TALKING ABOUT RUNNING WHEN PRIOR SIMILARLY TALENTLESS BUSHES HAVE LITERALLY
LEFT THIS AND OTHER NATIONS IN SHAMBLES (LOOK AT FLORIDA). CAN FLORIDIANS
PARTICULARLY AND AMERICANS GENERALLY BE SO INCREDIBLY STUPID? THE ANSWER,
SADLY, IS QUITE POSSIBLY INASMUCH AS OUTRAGE SHOULD BE THE APPROPRIATE
RESPONSE. INDEED, SOUND MANAGEMENT PRINCIPLES WARRANTING A CLEAN SWEEP FOR THE
INCOMING ADMINISTRATION SEEM TO HAVE BEEN TOTALLY IGNORED WHICH DOES NOT AUGUR
WELL FOR THE ALREADY DISMAL FUTURE IN STORE FOR THE NATION. PARTICULARLY
TROUBLING IS THE CLINTON APPOINTMENT IN LIGHT OF THEIR SQUANDERING THE PEACE
DIVIDEND FOLLOWING THE END OF THE COLD WAR, FURTHER DECIMATED BY MORON WAR
CRIMINAL BUSH, AND CLINTONS’ ROLE IN NAFTA, ‘UNPROTECTED’ PHONE (WHAT A PERVERT) AND OTHER SEX IN THE
WHITE HOUSE, DEALS, CRIMES, ETC..
HOWEVER, TRUTH BE TOLD, HAVING DONE MY COLLEGIATE EDUCATION IN NEW YORK
(BS, MBA, JD) I DO SHARE THE PREPONDERANT NEW YORK VIEW VIS-Ŕ-VIS THE CLINTONS;
VIZ., GOOD RIDDANCE.
GM,
Chrysler considering bankruptcy to get bailout: report
Meredith
Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)
Desperate
Times, Desperate Policies )
61% oppose auto bailout CNNMoney | Survey shows that Americans think federal aid for
the Big Three is unfair and won’t help the economy.
Credit
Suisse posts $2.5 billion loss
Pakistani
Security Consultant Calls Mumbai Attacks A “Botched” False Flag Steve Watson | Says Hindu zionists and Mossad behind attacks
meant to imitate 9/11. Hemant Karkare - False Flag Investigator Killed in Mumbai
Attack Homeland
Security Council Warns of Preposterous Anthrax Attack Kurt Nimmo | An anthrax attack scenario envisioned by the
Homeland Security Council is nothing but a transparent scare tactic. 100 nations sign treaty banning cluster bombs, US refuses
Libya complains of Israeli high sea 'piracy' to UN council
(AFP)
November US auto sales drop to 26-year low
Fed said owing to things being so bad and strains in
the financial markets it will extend three liquidity facilities through April
30, 2009, as they keep printing/creating more worthless Weimar dollars and
spending money the government doesn’t really have.
US manufacturing hits 26-year low: ISM
November sales fall despite
Friday's liquidation sale buying
GAO finds 'critical issues' in US
Treasury's financial bailout
Auto sales plunge, slowdown spreads (Reuters)
The Cost of Hegemony is Beyond Reach Paul Craig Roberts | The “peace dividend”
that the Reagan-Gorbachev accord provided has been squandered by an arrogant
American government seeking world hegemony.
Alex Jones on Coast to Coast AM: Domestic Security Force
U.S. bailout monitor sees lack of a coherent plan International
Herald Tribune | The head of a new congressional panel
set up to monitor the gigantic U.S. government bailout says the government
still does not seem to have a coherent strategy for easing the financial
crisis, despite the billions it has already spent in that effort.
Data signal deep global downturn Financial Times | Evidence of a global
slide towards a deep recession mounted on Monday with severe strain reported by
manufacturing companies around the world, large falls in car sales across
Europe and bad construction figures in the US.
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...
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
JPMorgan cutting 9,200 jobs at Washington Mutual
Official Recession Drags Down ETFs
These Mutual Funds Are the Real Turkeys
Where Did the Fed’s Bailout Money Really Go? Chart Shows
Illegal Money Trail
Fourth-worst drop ever for Dow Associated
Press | The stock market suffered one of its worst days since the
financial meltdown Monday, slicing 680 points off the Dow Jones industrial
average as Wall Street snapped out of its daydream of a rally and once again
faced the harsh reality of a recession.
Report Concludes Recession Began A Year Ago Steve
Watson | But the White House and the corporate media consistently
continued to state otherwise.
It’s a
depression
Another Russian “expert” claims the US will break apart
Washington Post: 20,000 More U.S. Troops To Be Deployed For
“Domestic Security” Paul Joseph Watson | As part of
long term agenda to establish “military form of government,” combat likely with
unrest following total economic collapse.
Mumbai attacks part of ‘blowback’ for CIA double-cross
Clinton staffers make up nearly two- thirds of Obama
transition team
The New Obama Administration: A Lot of “More of the Same”
Barack Obama’s security team delights the war hawks Neocons Heart Obama
Obama’s National Security Team: Minions of the New World
Failed Failures Order
Opening/Closing/Holiday Bell: 11.28.08 - Worker Killed In Wal-Mart Stampede (NYP) You
don't have to vacation to Mumbai to be savagely murdered, just position
yourself in front of a throng of sale-crazed animals in Anytown America.
Rubin's
Teflon Finally Wears Off (at Seeking Alpha)
Bank sues Trump over Chicago
tower loan...
Trump misses $53M interest
payment...
Trump casino to miss interest
payment...
Jewish settlers in violent Hebron protest (AFP)
Mumbai attackers ‘non-state actors,’ says Pak
president
Mossad role in Turkey coup plot revealed
BAILOUT MONITOR DECRIES LACK
OF COHERENT PLAN...
PELOSI EYES $500B MORE...
Data signal deep global
downturn...
Manufacturing hits 26-year
low...
Schwarzenegger declares
fiscal emergency in the land of fruits and nuts...
Bush: 'I'm sorry' for causing
this crisis which is occurring...
Oil plunges below $50 because
economy is so bad...
Treasury Yields Plunge to
Lowest on Record...
Bernanke: 'No comparison' to
Great Depression…and he is right because it is much worse, particularly in light of the fact that now,
unlike then, america is broke in every way
...
Bank stocks suffer biggest
one-day decline since crisis began...
Food Prices Will Rise, Causing Export Bans, Riots Bloomberg | Food prices
will rise next year, prompting a revival of protectionism from food-growing
nations and risking a renewed bout of rioting, according to Jochen Hitzfeld, an
analyst at UniCredit SpA in Munich.
Citigroup Should Be Held Accountable Bloomberg | The U.S.
government should demand accountability and changes at Citigroup Inc., as well
as from automakers, in exchange for any financial assistance.
Rubin Clones and Other Fakers: The Obama “Dream Team” Things are getting crazier by the day. On
Tuesday, Treasury Secretary Henry Paulson announced that the Fed would commit
another $800 billion to fight the financial crisis which has spread to the
broader economy and is causing sharp declines in consumer spending.
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’
Wal-Mart
worker dies in rush; two killed at toy store CNN
International (CNN) -- Three violent deaths in two stores marred the
opening of the Christmas shopping season Friday. Two people were killed in a
shooting at a Palm Desert, California, Toys "R" Us store on Friday. 2
men dead after shots fired in SoCal Toys 'R' Us The Associated
Press
HOW TYPICALLY UNCIVILIZED
THE INHERENTLY CRIMINAL AMERICAN ANIMALS/CATTLE ARE AS THEY STAMPEDE AND
TRAMPLE AN EMPLOYEE RUSHING TO GET LIQUIDATION PRICE BARGAINS. HOW PATHETIC!
MALL MADNESS! MAN KILLED...
...throng of shoppers
physically broke down doors
Video...
Microsoft Corporation government
shill/censor/propagandistCensors 9/11 among other Dissent
Media Forced To Backtrack On Al-Qaeda Link To Mumbai
Attacks
India’s Leaders Need to Look Closer to Home: The Assault on
Mumbai
Americans’ Food Stamp Use Nears All-Time High
For stores, the holiday season may already be over
Meltdown far from over, new mortgage crisis looms
Experts Warn of Food Shortages One of the top
experts on derivatives warns that supermarkets may not be able to borrow
against their inventory and will thus be forced to shut down.
Experts doubt Al Qaeda link in Mumbai attacks
Evidence Mumbai Attackers were Anglo-American Intel
Operatives
Mumbai Attacks Blamed On Al-Qaeda As Pretext For U.S.
Military Response
FM: No Israelis in Mumbai Hospitals Foreign
Ministry Spokesman Yossi Levi said, mid-morning Thursday, that according to the
data received by Israel’s control center for the Mombai terrorist attacks there
are no Israelis among the wounded or dead in Mombai hospitals, the mossad/cia,
israel/u.s. connection
India, Corporate Media Moves To Frame Pakistan For
Suspicious Attacks As we predicted would happen in our
early report yesterday, Indian government authorities are now blaming Pakistan
for being behind the ongoing attacks in Mumbai, providing a perfect pretext for
expanded U.S. military aggression against a country that is also a target for
President elect Barack Obama.
Microsoft Corporation Censors 9/11 Among Other Dissent as
government shill which suppression has brought u.s. unequivocal decline
Merkel finally, though better late than never, criticises
US over crises
Merkel criticises USA over
crisis; hits out at use of 'cheap money'...
U.S. eyes “surge” of over 20,000 for Afghanistan
Iraq told: Keep US troops or face martial law
UPDATE: TERROR AT THE TAJ...
Mumbai gunmen besiege hotels,
kill 119 in 2 days...
'Still not under control'...
Mexican Interpol Official Involved with Narcotics Trafficking
Former Mexican President Calls Border Fence ‘Offensive’
Hillary of State
Wall Street Journal - By KIMBERLEY A. STRASSEL One rule of employee
relations? Never hire someone you can't afford to fire. The
Obama-Clinton soap opera is set to run for another few years Economist
u.s. will not balance budget by 2012: white house
DAAAAAH!
More Proof That Uncle Sam Is In Trouble PhD economist
Marc Faber thinks the U.S. will go bankrupt. He’s not alone. Glass-Steagall and
other Depression-era legislation was repealed based upon the claim that the
modern financial system was totally stable.
Column: Impeach before Bush leaves office
Take away the president's power to grant pardons
Editorial: Implications of Citibank bailout CITIGROUP bailout slammed by
New Yorkers...
U.S., Mexico Mostly Silent About Deaths of American
Tourists South of the Border CNSNews | According to
the U.S. Department of State, more than 1,300 Americans have died in Mexico in
the past six years.
A look at Obama’s “economic team” President-elect Barack Obama’s choices for
top economic positions underscore the fact that his administration’s overriding
priority will be to cover up the crimes of and to secure the interests of the
financial elite. Obama beats record for press
conferences/jawbone/bull s**t sessions
to give wall street frauds b.s. talking/fraud points...
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
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.
Rogers Says Dollar to
Be `Devalued,’ Buys Commodities
The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4%
year over year — most on record.
Economy shrinks at fastest pace in
seven years Reuters | The economy contracted
at its fastest pace in seven years in the third quarter as consumer spending
plunged to a 28-year low, data showed on Tuesday, raising the reality of a
deeper recession.
Citigroup collapses!
Banking Shutdown Probable Dr. Martin D. Weiss | It pains me deeply to announce that,
despite the massive government rescue, yesterday’s collapse of Citigroup could
ultimately lead to a shutdown of the global banking system if they get sucked
into america’s black hole.
Russian Analyst
Correctly Predicts Decline and Defacto,
and Quite Possibly Dejure, Breakup of
U.S.A.
Home
Prices for 20 U.S. Cities Decline Most on Record
Bush: Give More
Money to the Bankers
The Citigroup
Deal is Lousy for America The verdict on the Citigroup bailout is pretty
much unanimous: its a terrible deal for America.
Peter Schiff
- Was Right Again and Again
Russian “Infowar”
Analyst Says U.S. Will Break Apart A renowned Russian political analyst has
repeated a prediction he made ten years ago that the economic and political
turmoil in the U.S. will lead the country to collapse and divide into separate
parts
Bush Hands Over
Reins of U.S. Economy to EU
Russia says U.S.
mercenaries, others fought for Georgia
China
Scrambles to Stave Off Economic Meltdown
Israel
seals off Gaza crossings again
FED PUMPS $800B
MORE TAXPAYER MONEY TO THE RICH AND INFAMOUS, COMPOUNDING THE
WASTE/FRAUD/CRIME...
WOODWARD: Obama must be 'smoking something'...
Federal deficit could hit $1
trillion this year...
FDIC adds 54 more banks to
its 'problem list'...
Cynthia McKinney Prevented From Leaving U.S. Former Congresswoman
and presidential candidate Cynthia McKinney has been prevented from leaving the
country after she planned to give a speech in Damascus Syria at a Conference
being held to commemorate the 60th Anniversary of the Universal Declaration of
Human Rights.
Sovereign wealth funds flee
the West... Sovereign wealth funds in the Gulf are
switching their focus away from Western stock markets to shore up ailing
economies in the Middle East and protect themselves from losses in the City and
on Wall Street.
Dow
falls below 8,000, S&P at 5-year low
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
Now Buffett the senile in
stock slump!
Conditions
so bad that consumer prices drop record 1 percent in October
[$$]
Mall Owner Lines Up Bankruptcy Law Firm as ghost malls predict by Celente of
trendsresearch.com over a year ago begin (at The Wall Street Journal Online)
[$$]
Stocks, Bonds Tumble to New Crisis Lows (at The Wall Street Journal Online)
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 Even after the
trillions spent by the feds, the technical economic indicators are getting
worse
'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
Cost of Bankster Bait and Switch Now $7.4 Trillion Kurt Nimmo | Congress
critters are wary of the wrath of their constituents as the bankster giveaway
rockets through the stratosphere.
Colossal Financial Collapse: The Truth behind the Citigroup
Bank “Nationalization” F. William Engdahl | The 2009 year
will be one of titanic shocks.
Rubin Protégé Selected to Head Obama’s Council of Economic
Advisers
Obama’s jobs plan: A band-aid for an economic catastrophe
Will The US Government Accept Responsibility For The
Slaughter Of Over 1,000,000 Iraqis.
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. WOODWARD: Obama must be
'smoking something'...
All US Financials Will be Nationalized in a Year: Manager
US to Inject $20 Billion into Citigroup, Back Assets The U.S.
government has agreed to guarantee over $300 billion of Citigroup’s troubled
assets — loans and securities backed by residential and commercial real estate
and other such assets — with conditions attached. These conditions are being
hammered out.
Bumbling, bungling, war criminal bush consulting Obama on
bailouts Now we can all breathe a sigh of relief…..riiiiight! This Is Change? ...tax hike for the rich may
be delayed Another $700 billion?
Bush pleased with Iraq war outcome The
Age | Bush apparently pleased with over a million dead Iraqis and
millions more suffering due to a decimated civilian infrastructure based on
lies.
US
is on the decline, report says
US
National Intelligence Council Predicts Further and Complete Decline of
America ...
Worst of financial crisis yet
to come: IMF chief economist...
FBI arrests eight
New York mafia men: prosecutor
UK TOP INCOME TAX RATES COULD
HIT 61%...
FED PLEDGES TOP $7.4
TRILLION...
London, Midtown Manhattan,
Tokyo Office Rents Post First Drop Since 2002...
Mugabe
bars door to top-level humanitarian mission
NewsWatch: Stocks look cheap, but that
doesn't mean you should buy
Economic Preview: Harsh economic data expected
for coming week
OBAMA: 'MILLIONS OF JOBS' IN DANGER
NEXT YEAR
Downey
Seized, Sold to US Bancorp as Mortgage Fallout Spreads
IMF economist says worst of crisis to come: paper
Robert Gates: As Bad as Rumsfeld?
Federal regulators shut 2 California thrifts
This Is Not A Normal Recession, Rome is burning. It’s time to stop
tinkering with a failed system : Moving on to Plan
B
Use of nuclear weapons more likely in future: us
unintelligence
US to see end of an ‘aura’ by or before 2025
The Third Clinton Administration
WOODWARD: Obama must be
'smoking something'...
Antiwar groups fear Barack Obama is creating hawkish
Cabinet Activists note that most of the candidates for
top security posts voted for the 2002 resolution authorizing President Bush to
invade Iraq or otherwise supported launching the war.
Zimbabwe refuses Annan group visa
U.S. economic and military dominance ’set to wane’, warns
spy agency through corruption, greed, fraud, incompetence, etc.
Mobsters seize control of
Israeli public's imagination...
HU: World economic situation
'grim'...
ROMNEY: 'Let Detroit Go
Bankrupt'...
Finger-pointing
begins as Senate nixes auto vote...
CEOs Flew Private Jets to
Plead for Public Funds...
World stocks down amid reality of deep recession (AP)
Congress extends jobless benefits; stocks fall 400
Aids: Obama on track to nominate Clinton (AP)
Sharp decline seen in holiday shoppers
Bank of America Bailout Recipient Buys Stake in China
Construction
China to Buy 4,000 Tons of Gold Jason
Hommel | China wants 4000 tons of gold, to help “diversify” their
$1.9 trillion in U.S. bonds.
Massachusetts Foreclosures Up Nearly 70-Percent This Year
The Imperialism You Can Believe In While naive,
giddy and myopic establishment leftists have been celebrating the great “change”
heralded by the election of Barack Obama, the President elect has been busy
appointing people to key positions who advocate the same Neo-Con imperialist
foreign policy crafted during eight years of the Bush administration.
Ron Paul Warns That U.S. Will Support Israeli Attack On
Iran
Army shreds documents on friendly fire deaths
Paulson Was Behind Bailout Martial Law Threat Senator James
Inhofe has revealed that Henry Paulson was behind the threats of martial law
and a new great depression prior to the passage of the bailout bill, having
made such warnings during a conference call on September 19th, around two weeks
before the legislation was eventually approved by both the Senate and Congress.
Head of Interpol Mexico arrested for drug ties Mexico
arrested its head of Interpol on Tuesday for allegedly working for a powerful
drug cartel and sent the military to take over police duties in the city of
Tijuana in another step to flush out corrupt law enforcement.
Jobless Claims Hit 16-Year High, Above Forecast
Obama and the Great Depression
President-elect promised
change, picking insiders...
Iran
Censors, Cracks Down On Internet
Jewish settlers desecrate Hebron mosque,
graves
SUN SETS ON USA POWER: REPORT
PREDICTS END OF DOMINANCE...
Raw: Attorney General Michael Mukasey
Collapses During Speech in Washington
AG COLLAPSE ON STAGE IN DC
America’s Moronic Iraqi Policy
Israel refuses to ease blockade
Will The US Government Accept Responsibility For The
Slaughter Of Over 1,000,000 Iraqis.
America’s moronic hegemonic policy spells disaster
ENDGAME Economic Predictions - 2006 Bilderberg
Inside Home Affairs: The recession – and the crime wave
that goes with it
Naomi Klein: Bailout is ‘multi-trillion-dollar crime scene’
Head of Interpol Mexico arrested for drug ties
Crimes by air marshals raise questions about hiring
Port of Los Angeles security under control of Chinese
President’s son
Former CIA Employee Zawahri Threatens America
Al Zawahiri is used to counter Obama’s growing unpopularity
Al Zawahiri has sent a new message. (1) to gain sympathy
for Obama, (and his various billionaire cronies.) (2) to gain sympathy for US
military action (in the event of any false flag terror operations by the CIA
and Mossad). (3) to gain sympathy for a US takeover, or destruction, of
Pakistan. (4) to turn world opinion against Moslems.
Arraignment
set for Cheney, Gonzales in Texas (AP)
Ron Paul Confronts Bernanke On
Global Currency Plans
Congressman Ron Paul confronted Federal Reserve chairman Ben Bernanke this
morning about plans to replace the dollar with a new global currency during the
House Financial Services Committee meeting on Capitol Hill.
Banker Manipulation Of Gold And Silver Prices Further
Exposed
US planning Velvet Revolution in Iran?
Russia warns Georgia against military build-up
‘US not after Taliban leaders under Bush’
Uranium at Syria site come from Israeli missiles: FM
No Signs of Change in Obama’s Middle East Policies
China Passes Japan as Biggest U.S. Treasuries Holder
Israeli
forces launch fresh Gaza incursion
CHENEY INDICTMENT: Vice
president, former AG, state senator indicted [in Texas]... Willacy County Grand Jury... Arraignment
set for Cheney, Gonzales in Texas (AP)
The G-20 Economic Summit Won’t Change the “Financial Crime
Scene” Richard C. Cook | For the
immediate future people could fight back by doing everything possible to get
out of debt, convert their cash reserves to tangible holdings, and start their
own local currency and barter systems.
Inhofe: Billions Given Away to Bankers and Their “Friends” Kurt Nimmo | Senator
Inhofe admits Congress was told lies about the bailout and says Congress should
take back what is left of the “blank check” it gave the Treasury and its
coterie of ex-Goldman Sachs manipulators.
Forecasters: U.S. in 14 month recession
Fed has done "as much as it can": Fed's Hoenig
Stocks finish lower as recession worries deepen
The Great Depression of the 21st Century: Collapse of the
Real Economy
Japan's
Economy Shrinks 0.4%, Confirming Recession (Update2)
Ken Clarke warns Britain is on the brink of ‘meltdown’
Japan's
economy shrinks in 3Q; enters recession
Europe in
recession, U.S. in pain as world leaders meet
ECRI: Economy Falling At
Fastest Pace in 60 Years
Rep. Neugebauer: American People May “Rise Up and Stop Us”
DOWNTURN DRAGS MORE CONSUMERS
INTO BANKRUPTCY...
Unremitting
gloom and capital flight
Four
Palestinians killed in Israeli air strike (AFP)
Israeli minister openly calls for
assassinating Hamas leaders
Gaza: No respite from suffering
Ahmadinejad aide: Obama must ‘replace Bush’s war-mongering
approach’
Neocon John Bolton Grilled on BBC EVTV1 | Bolton’s
neocon explanations for the mass murder of more than a million Iraqis are
dismissed for what they are — criminal lies.
Los Angeles ringed by
wildfires...
STATE OF EMERGENCY...
LIVE FEED... SHARP KNIVES: STATE BUDGETS IN
SHORTFALL; CUT SERVICES OR RAISE TAXES?...drudge DEVELOPING...
600 mobile homes burned...
Updates, Maps, Details...
Wildfire chases patients from
hospital...
CALIFORNIA
DREAMIN’ A NIGHTMARE: THOUSANDS EVACUATE
Record numbers of American
students are studying abroad...
Libertarian Talk Radio Activist Jailed For 100 Days For
Having A Couch In His Yard
“The Dollar Standard Is Coming To An End”
Busted
in Washington As expected, the G-20 Economic Summit in
Washington turned out to be a total bust. None of the problems which have
pushed the global economy to the brink of disaster were resolved and none of
the main players who gamed the system with their toxic securities was held
accountable.
Housing starts expected to hit half-century low
G-20 Wants Quick Action on Credit Default Swaps, But Bush
Talks Them Into Toothless Regulation
Washington
is Powerless to Stop the Coming Economic Depression Barbara L. Minton | The unwinding of the Great Depression took 10
years and the debt overhang was nothing like it is today.
Whitehead
sees slump worse than Depression The economy faces a slump deeper than the
Great Depression and a growing deficit threatens the credit of the United
States itself, former Goldman Sachs chairman John Whitehead, said at the
Reuters Global Finance Summit on Wednesday.
Dollar’s
Days Numbered, Buy Commodities: Jim Rogers Commodities are one of the only
viable investment opportunities left and are set to rebound as demand problems
take hold, while the outlook for the dollar is bleak, famed investor Jim Rogers
said Friday.
U.S.
cities seek federal help to ease economic crisis
America’s
economic crisis is beyond the reach of traditional solutions By most
accounts the US economy is in serious trouble. Robert Reich, an adviser to
President-elect Obama, calls it a “mini-depression,”and that designation might
be optimistic. The Russian economist, Mikhail Khazin says that the “U.S. will
soon face a second ‘Great Depression’.” It is possible that even Khazin is optimistic.
U.S.
Retail Sales Drop in October by Most on Record
With
Its Failed Policies, Government Triggers “A Return of Systematic Risk to Credit
Markets”
Retail sales fall by record
amount in October...
CITIGROUP to cut 10% of
jobs...
110
banks have asked for $170B under bailout plan
FACE SLUMP...
New
alarm over economy as retail sales plummet
Freddie
seeks gov't aid after $25.3B loss (AP)
Wall
Street ends turbulent week sharply lower
Kashkari
Accused Of Bailout “Bait and Switch” During Angry Hearing
A Ticket to
The Hague for Dick Cheney? I now
believe that some international human rights organization ought to open an
investigation of the Bush Administration.
Sarkozy
to Putin: ‘Do you want to end up like Bush?’
A
Dumbed Down Society is What the New World Order Wants
Lawmaker
Joins Fight To Outlaw Human Microchip Implants
Liberals
Start Supporting War After Obama Is Elected
Italian
police officers convicted of violence at 2001 G8 Genoa Summit
Switzerland says Israel
breaking international law (AP)
U.N. agency says runs out
of Gaza food supplies (Reuters)
French, Palestinians call
US Mideast role crucial (AP)
Israel
shuts down Gaza border crossing
Iraq -
US security agreement initial approval
The Iraqi cabinet yesterday approved a security agreement with the USA
that calls for a full withdrawal of the American forces from the country by the
end of 2011.
Iraq-USA, Politics, 11/17/2008
Abbas:
No partial peace agreements to be made
Palestinian President Mahmoud Abbas said today that Israel had decided
to release 250 Palestinian prisoners before Al-Adha Holiday and affirmed the
necessity of a continued ceasefire between the Gaza Strip and Israel, to help
ease the suffering of Palestinian citizens in Gaza Strip.
Palestine-Israel, Politics, 11/17/2008
Palestinians
denied press freedom, official
Representative of Palestinian Islamic Resistance Movement (Hamas) today
said that Palestinian newspapers are prevented from publishing the truth.
Palestine-Israel, Politics, 11/17/2008
Israel
kills four Palestinians, Gaza humanitarian crisis
Hamas said that Israel is violating the ceasefire. Aid agencies say Gaza
faces a humanitarian crisis if Israel's blockade continues.
Palestine-Israel, Politics, 11/17/2008
Israel
forbid Muslims to enter the Ibrahimi Mosque
Hebron Rehabilitation Committee (HRC) denounced today the Israeli
Occupation Authorities decision to forbid Muslims from entering Al-Ibrahimi
Mosque in the city of Hebron on Friday and Saturday, November 21-22 2008 to
enable Jewish settlers to perform their rituals on the
Palestine-Israel, Politics, 11/17/2008
Iran's
new missile is for deterrence: minister
Iran's Commander of the Islamic Revolution Guards Corps (IRGC) Navy
Force Rear Admiral Morteza Saffari said today that forces under his command are
ready to repel any threat in the Persian Gulf.
Iran-Regional-USA, Politics, 11/17/2008
Ahmadi-Nejad's
letter to Obama covers key issues
As for the establishment of a US interest section in Iran, Hosseini
said, "If the request comes from official channels in the US, Iranian
officials will follow it up."
Iran-USA, Politics, 11/17/2008
Ahmadi-Nejad
meets with Israeli-freed Lebanese
Iran's President Mahmoud Ahmadi-Nejad said yesterday that Lebanon was a
source of honor and respect for regional states for its victory over the
Israeli forces during their 33-day war against Lebanon in 2006.
Lebanon-Israel, Politics, 11/17/2008
Saudi-UN
interfaith conference condemned for presence of Israelis
Elham reiterated that the "Zionist regime" has a secular
nature.
The issue of Judaism is completely different from Zionism, he said
Saudi Arabia-Iran, Politics, 11/17/2008
Iraq Head, Top Cleric Back 2011 Exit
by U.S.: Agreement Gives Pact Better Odds of Passing - WashingtonPost.com
Iraq-USA, Politics, 11/17/2008
Iran judiciary chief lauds US-Iraqi
security pact - WashingtonPost.com
Iraq-Iran-USA, Politics, 11/17/2008
Cleric Calls for Resistance to U.S.
Presence in Iraq - NY Times
Iraq-USA, Politics, 11/17/2008
Iraqi Soldier Reportedly Kills 2
G.I.’s - NY Times
Iraq-USA, Politics, 11/17/2008
Iraq Signs $3.5 Billion Deal for
China to Develop Oil Field - NY Times
Iraq-China, Politics, 11/17/2008
Mideast Negotiators Vow Talks Will Go
On: Transitions in Israel, U.S. Spur Concerns - WashingtonPost.com
Palestine-Israel, Politics, 11/17/2008
Israeli troops face abuse trial - BBC
Palestine-Israel, Politics, 11/17/2008
Rick Biggs KERRY KILLINGER CAN’T SAY HE WASN’T WARNED. From my hometown Seattle Times:
Two months before Washington Mutual failed, Treasury
Secretary Henry Paulson warned then-CEO Kerry Killinger that he ought to sell the Seattle-based
thrift before it
deteriorated further.
"Paulson said, 'You should have sold to JPMorgan
Chase in the spring, and you should do so now. Things could get a lot more
difficult for you,' " said one of several current and former high-ranking
WaMu executives familiar with details of the call.
"Sopranos" flashbacks, anyone? Good
lord. Here’s today’s lesson for bank and thrift CEOs: When the Secretary of the
Treasury tells you point blank that “things could get a lot more difficult for
you,” you should take it to the bank (sorry) that things will in fact get more
difficult. That should be easy to remember. . .
I have refrained thus far from commenting on Sarah Palin
who aside from breathing new life into Saturday Night Live, seems to serve no
useful purpose whatsoever. Indeed, she is so pathetically and embarrassingly
dumb that it should come as no surprise to hear her sing paeans of praise to
kindred dimwit criminal dumbya bush, certainly a failed president and the worst
of modern times, the absurdity of her assertion being evidenced by the current
disaster of a nation he leaves in his wake, economically, politically, and
geopolitically. She is a dope and, like the bushes, is done.
Turley: Late bush move ‘almost sign of contempt’ for
election results
Wall
Street rally defies rationality, odds, economic indicators but is explainable
in terms of full moon and lunatic wall street frauds The
Miami Herald
Dow
sees 911-point swing to close on third-biggest point gain on ... MarketWatch
MARKET
SLAPCRAPSHOT: US Stocks Close Crazed Session With Large Surge ... CNNMoney.com
Jobless claims hit 25-year high, weak economy causes
imports plunge
Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months Economic experts have
predicted that rampant inflation caused by government stimulus packages will
soon take hold of the economy and force precious commodity prices to all time
highs.
Sarkozy Pushes for Abandonment of Dollar as World Reserve
Currency There have been many previous
indications that the dollar would not remain the world’s reserve currency for
long. But this is a dramatic statement by a close American ally.
Banker Bailout Costs $5 Trillion So Far
Bailout Lacks Oversight Despite Billions Pledged
Soros says deep recession inevitable, depression likely
Foreclosures
up 25 percent: RealtyTrac
Foreclosure
Filings Rose 25 Percent in October as Prices Fell
Alabama
foreclosures rise 15 percent in October
Germany falls into
recession, Japan to boost IMF
Asian shares hit as grim
news abounds
Oil falls to $55 on grim US
economic outlook
Australia the former and apparently present penal colony
uses web filter to block 10,000 internet sites
Rahmn Emanuel’s Compulsory “Circle of Love” Kurt Nimmo | Is it
possible the ruling elite will need a legion of inducted slaves to stand against their fellow citizens as the economy further disintegrates and
social chaos unfolds?
What Wayne Madsen Said About Rahm The
Truth Will Set You Free | WMR has learned from US intelligence sources
that Emanuel was discovered to be part of a political intelligence and blackmail
operation directed against the very blackmailable and compromised criminal clinton by Israel.
Israeli Blockade
Creates Food Shortages in Gaza
The Insanity of the $700 Billion Giveaway
Stock Market Has Fallen Steadily Since Bailout Bill Signed
The Wall Street Coup and the Bailout Scam
Paulson Doles Out $125 Billion to Wall Street Elite
Treasury Blacks Out Key Parts of Private Bailout Contracts
The Evil of Bailout One of the
burning questions regarding the recently passed bailout, and the one that
almost no one has bothered to answer, is how the government intends to pay for
it. Bailout $700 billion yet national debt increased by over $1 trillion.
They socialize their losses and privatize their
gains ….. How is this happening? What a total fraud/scam!
Roubini
Sees Worst Recession in 40 Years, Rally’s End
Government of Thieves: When Greed is Rewarded
EDITORIAL ON
BUSH’S FAILED PRESIDENCY
Thanks
for the Depression
Renowned economist Mikhail Khazin : U.S. will soon
face second “Great Depression”
Fannie Mae Posts Record $29 Billion Quarterly Loss
Fannie posts $29B 3Q loss, $100B may not be enough
China Blames Wall Street Meltdown On Fraud and Fed
Overissuance Of Currency
Government to Grant AIG New, Larger Bailout
Real Cost Of Bailout So Far With Much More To Come: $5
TRILLION+
Fed's bailout for AIG swells to more than $150B
GM says GM may not survive (AP)
...US to assume toxic
mortgage assets
Wall Street Should Slash 70,000 Jobs, Be Prosecuted for
Securities Fraud, Disgorgement Mandated: Report
Buffett's senility showing as
government/wall street shill, BERKSHIRE HATHAWAY Net Falls 77%...
U.S. Weekly Leading Index
Now at Six Decade Low
3rd
UPDATE: Intel Cuts 4Q View; Stock At 12-Year Low CNNMoney.com Intel
Cuts $1 Billion From Sales Forecast Amid Slump Intel slashes 4Q outlook on dimming PC demand Technology stocks hit after Intel warns of sales shortfall
Fed Covers Up Financial Crisis
Federal Reserve Seeks Oversight of CDS Clearinghouse The Federal
Reserve is seeking to become the lead regulator for clearing trades in the $33
trillion credit-default swap market, according to people with knowledge of the
proposal.
U.S. Slump May Be Longest in Decades as Growth Fell Off
`Cliff’ The U.S. downturn will be the longest in three
decades, and the drought in consumer spending may be the worst ever, according
to economists surveyed by Bloomberg News.
AmEx Said to Request $3.5 Billion in U.S. Aid
Lobbyists Swarm the Treasury for Piece of the Dwindling
Bailout Pie When
the government said it would spend $700 billion to rescue the nation’s
financial industry, it seemed to be an ocean of money. But after one of the biggest
lobbying free-for-alls in memory, it suddenly looks like a dwindling pool.
Dimon: Recession could be worse than market crisis (AP)
Intel's shock warning sounds alarm for tech sector
Obama Won’t Be Able to Stop the Collapse of the Fallen
american Empire
Paulson Says Troubled Assets Will Not Be Purchased Associated
Press | Hank Paulson really didn’t mean it when he promised the $700
billion government rescue program would be used to purchase troubled assets. U.S. backs away from plan to buy bad assets
US
To Lose Its ‘AAA’ Rating CNBC | The United States is on course to lose its ‘AAA’ rating due to the large amount
of debt it has accumulated, according to Martin Hennecke, senior manager of
private clients at Tyche. "The U.S. might really have to look
at a default on the bankruptcy reorganization of the present financial
system" and the bankruptcy of the government is not out of the realm of
possibility, Hennecke said. "In the United States there
is already a funding crisis, and they will have to sell a lot more bonds next
year to fund the bailout packages that have already been signed off,"
Hennecke told CNBC. In order to solve or stem
the economic slowdown, Hennecke suggested the US would have to radically reduce
spending across all sectors and recall all its troops from around the world.
As for a stimulus package, there is not much of an
industry left to stimulate back into life, Hennecke said.
Obama’s Bailout Bunch Brings Us More of the Same
Editorial: End the scandal of Guantanamo
Obama’s pick for White House chief unsettles Arabs
What
is Obama thinking? Barack, my brother. Mr. President-elect, what is going through
your head? Rahm Israel Emmanuel for White House Chief of Staff? Rahm, who
fought with the Israeli Army in the Gulf war, whose father Benjamin fought with
the Irgun gang, the Zionist terror bombers of the King David Hotel; Rahm, the
2001 Freddie Mac board member involved with campaign scandals and
contributions, personally raking in $231,655. I mean, just look in that guy’s
eyes, scary. And that’s just the tip of the iceberg.
We can’t defeat Taleban, says Brigadier Mark Carleton-Smith
MAG: WASHINGTON'S $5 TRILLION
TAB...
STOCKS IN FREEFALL; DOW SHEDS ANOTHER 400...
NEAR FIVE-YEAR LOWS...
RUSSIAN TRADING HALTED AFTER
12% DROP...
ECONOMIC WOES INCREASE,
CRISIS DEALS IN TROUBLE...
AS MORE COMPANIES SEEK AID, 'WHERE DO YOU STOP?'...
EMBATTLED BANKS STILL
PLANNING BIG BONUSES...
FLU: GOOGLE SHARES BELOW $300
FOR FIRST TIME SINCE '05...
GE SAYS FEDS WILL GUARANTEE
UP TO $139 BILLION IN DEBT...
Bank of England: We'll slash
interest rates to ZERO...
WANT
SOME GOVERNMENT MONEY? APPLY NOW!
Boehner Demands Fed Identify
Recipients of Loans...
Democrats prepare to move forward with investigations
of the Bush administration... drudge Developing...
ALL SWIPED OUT: AMEX SEEKS
BILLIONS FROM TAXPAYERS...
Consumer spending worries send stocks lower (AP)
GM shares hit 65-year low amid
liquidity concerns
Banking crisis
claims more U.S. victims Financial
Times | The credit storm swept through Wall
Street and Main Street with renewed virulence on Monday as AIG and Fannie Mae
reported huge losses, a leading US retailer filed for bankruptcy and
multinationals such as DHL cut thousands of jobs.
Worries about
housing, consumers send stocks lower Associated Press | Homebuilder Toll
Brothers Inc. and coffee chain Starbucks Corp. helped send Wall Street sharply
but modestly relative to reality lower Tuesday after giving investors more
evidence that the housing market and consumer spending are getting weaker.
Goldman urged
bets against California bonds it helped sell Los Angeles Times | Goldman, Sachs & Co.
urged some of its big clients to place investment bets against California bonds
this year despite having collected millions of dollars in fees to help the
state sell some of those same bonds. California faces $28 billion
deficit...
Government To
Confiscate 401(k)s and IRAs For Mandatory Savings Tax? Paul
Joseph Watson | Proposals to implement additional form
of income tax while seizing private pensions raised in Congress.
Chinese
activists tell UN of communist state torture
Blogger jailed for 20 years
for cheeky poem that mocked Burma's leader...
Obama
plans Gitmo closure
Georgia Rep.
Issues Warning on National Security Force, Gun Ban
Government To
Confiscate 401(k)s and IRAs For Mandatory Savings Tax? Under
the pretext of combating the financial crisis, Democrats in Congress have been
conducting hearings on proposals to confiscate private retirement accounts and
turn them into government-controlled accounts managed by the Social Security
Administration, by implementing a new tax in the guise of mandatory savings
scheme.
Ex-KGB general cautions
US against Iran war A
former KGB general and Russian prime minister says a war on Iran would produce
a question mark over the Republican Party’s sanity.
Fed Hides Destination
Of $2 Trillion In Bailout Money The
Federal Reserve is facing a lawsuit after it failed to comply with
congressional demands for transparency and disclose the destination of at least
$2 trillion dollars in bailout funds, underscoring once again the failure of
top down socialism and the folly of trusting the foxes to guard the henhouse.
Obama, Rahm-bo and the
End of the New American Century: Conned Again? If the
change President-elect Obama has promised includes a halt to America’s wars of
aggression and an end to the rip-off of taxpayers by powerful financial
interests, what explains Obama’s choice of foreign and economic policy
advisors?
Biden told not to
change Iran policy Israeli
Foreign Minister Tzipi Livni has warned the US vice president-elect against
changing the Bush White House policies toward Iran.
Documents linking Iran
to nuclear weapons push may have been fabricated
Obama’s Afghan War
Plans May Run Into Weary Public, Deficits
Project for No American
Century The Project
for a New American Century cut America’s stability short by almost a century.
Ruble Devaluation
Concern Triggers 13% Plunge in Russian Stocks
US Banks Will Lose $450
Billion More in 2 Years: Analyst
Asian economists warn
Barack Obama policies could make downturn worse
$150 billion more for
AIG: US gov’t
Government Soaks Up AIG’s Toxic Credit Default Swaps On Our Dime
World
business leaders see more fiscal pain
Credit
Suisse reportedly shuts down bond fund
Top
hedge fund managers 'funereal' in midst of financial crisis
Worst
retail sales trend since 1974 expected
Cisco
warning signals trouble ahead in tech sector
Stocks Slump as Earnings
Concern Overshadows Stimulus...
Growing credit crisis claims
more victims...
STARBUCKS profit drops 97%...
GM needs federal
aid in coming weeks...
BAILOUT? Fed gives AMERICAN
EXPRESS full bank status...
Blackouts in Gaza as fuel supply cut off
NYT: SECRET ORDER
LETS U.S. RAID AL-QAIDA IN MANY COUNTRIES...
Gorbachev calls on Obama to
carry out 'perestroika' in USA...
NYC To Toll Every Major
Bridge Into Manhattan...
Bloomberg: Spending cuts,
layoffs...
Obama Consigliere “Rahmbo” Emanuel Sent Dead Fish to Foe Kurt
Nimmo | Rahmbo’s services may be required after the economy crashes and
new total war fronts open in Pakistan and Iran.
A quiet windfall for U.S. banks MSNBC | Corporate tax
lawyers quickly realized the enormous implications of the document:
Administration officials had just given American banks a windfall of as much as
$140 billion
Fed Defies Transparency Aim in Refusal to Disclose Bloomberg | The Federal
Reserve is refusing to identify the recipients of almost $2 trillion of
emergency loans from American taxpayers or the troubled assets the central bank
is accepting as collateral.
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
Wells Fargo Earnings-diluting Offering Disappoints Street
(at TheStreet.com)
Dollar falls after U.S. job losses top forecasts
Holiday Outlook Gloomier After Weak October Sales
Unemployed Nation: America’s Shrinking Payroll ABC News | In the first
ten months of this year, the nation’s employers have cut nearly 1.2 million
jobs and the unemployment rate is now at 6.5 percent
GM reports
$2.5B 3Q loss, says running out of cash (AP) General Motors
Corp. reported a $2.5 billion loss in the third quarter and warned Friday that
it could run out of cash in 2009.
GM operating loss
$4 billion, Ford operating loss $3 billiion
Obama’s Council On Foreign Relations Crew Steve Watson | Out with the
old regime, in with the old regime.
14 more civilians die in US strike in
Waziristan
Barack Obama: Brought to you by the New World Order
Obama’s Anti-Gun Agenda Spurs Record Firearms Sales
No “Change” In Israeli Manipulation Of U.S. Foreign Policy
Under Obama President elect Barack Obama’s first act of
“change” upon winning the Democratic presidential nomination back in June was
to don a joint US-Israeli label pin, head on over to AIPAC and prostrate
himself in front of the Israeli lobby, vowing to keep military action in mind
for Iran and promising to hand over another $30 billion of American taxpayers’
money in military assistance to the Zionist state.
Obama’s American Dream: Servitude Kurt Nimmo | Obama’s
American dream includes forced labor and mandatory servitude for all Americans,
including the elderly.
Emanuel’s father: His son will not “clean the floors of the
White House” like an Arab Jerusalem Post | Dr. Benjamin
Emanuel said he was convinced that his son’s appointment would be good for
Israel. “Obviously he will influence the president to be pro-Israel,” he was
quoted as saying. “Why wouldn’t he be? What is he, an Arab? He’s not going to
clean the floors of the White House.”
GM Reports $2.5B Loss... ...May Not Have Enough Cash
to Finish Year Stock Rocked...
Wall St. has worst week of a
presidential election... ...
Bloomberg wants more taxes;
would raise millions for cash-strapped NYC...
Schwarzenegger: $4.4B in tax
hikes...
States consider billions in
cuts...
Holiday
Outlook Gloomier After Weak October Sales
World
markets tumble on renewed economic fears
Who’s
going to Finance the rising US National Debt?
Troops
hope Obama brings them home as ‘Commander in Chief’
Wall St
extends losses on economic gloom Stocks extended their sell-off on Thursday
as concerns of a worsening economic downturn were fueled by a disappointing
revenue outlook from Cisco Systems and bleak sales from major U.S. retailers.
STOCKS CONTINUE POST-ELECTION PLUNGE...
Dow, S&P 500
Post Worst Two-Day Decline Since 1987...
Editorial: Don’t pin much hope on Obama
7 November 2008 …..But a president whose deputy is Joe Biden, a man who
last year said that israel is “the single greatest strength america has in the
Middle East (oh yes…suuuure…can’t you see the economic and geopolitical
benefits america has derived from following israeli policy in the middle east)”
and who is proud to call himself a Zionist, is not going to turn his back on
the Israelis. His appointment of Rahm Emanual as his chief of staff makes that
doubly certain. Emanual is an even more convinced Zionist (his father was a member
of the Zionist terror organization Irgun), not to mention a prominent figure in
the US Jewish lobby. Far from challenging Israel, the new team may turn out to
be as pro-Israeli as the one it is replacing….. Barack Obama, Neocon
Obama’s
Treasury Candidates: Old Guard Of The Corporate Elite
Obama
Supporter Waves Communist Flag at Victory Celebration Outside White House
Ron
Paul: Republicans Have Lost All Credibility; But Obama’s Core Policies Mirror
Bush
Will
Obama Keep His Promise To Reverse Bush Executive Orders?
VOTER TURN-OUT SAME AS 2004...
Day One: Obama faces Cold War
threat and warning from Israel...
Rahm
Emanuel and Obama’s Civilian Security Force Kurt Nimmo | If Obama’s soon-to-be chief of staff stabs a knife
into a table while denouncing the enemies of his former boss, Bill Clinton, it
does not take a lot of imagination to predict how Obama’s Civilian Security
Force will be used.
Obama’s
First Appointment Is Son Of Zionist Terrorist Buckling to terrorist israeli
pressure President elect Barack Obama’s first appointment, Rahm Emanuel, who is
set to become chief-of-staff, is the son of a member of the Zionist terrorist
group Irgun, which was responsible for bombing hotels, marketplaces as well as
the infamous Deir Yassin massacre, in which hundreds of Palestinian villagers including
women, children, and babies were slaughtered.
U.S. to Sell $55 Billion in Long-Term Debt Next Week The U.S.
Treasury said it plans to sell $55 billion in long-term government debt this
quarter and bring back auctions of three-year notes, as a slowing
economy/runaway spending balloons the budget deficit to a record level.
Treasury wants to borrow
record $550B...
U.S. Stocks Drop on Economic Concern
Fresh U.S. air raid kills Afghan civilians: officials
Stocks Have Biggest
Post-Election Slump.... History List...
U.S. border
police arrest Mexican troops
Mexican
officials held for selling intel to drug cartels
US-led strike kills 36 Afghan civilians
General Motors
Bankruptcy? An Economic Nightmare
Ex-Bear Stearns exec now at Fed (AP) The
former chief risk officer at investment bank Bear Stearns Cos., which nearly
collapsed in March, is now a senior official of the Federal Reserve division
that supervises U.S. banks. Brilliant….riiiiight!
Some owners
deserting factories in China
UPDATE
- Japan seen slipping into recession in Q3
Czech opposition
demands top court examine U.S. missile deal
EXIT POLLS CLAIM 'OBAMA +15' IN PA... drudge DEVELOPING...
TOO CLOSE TO CALL AT CLOSE: FL, IN, OH...
MCCAIN KEEPING AZ... drudge DEVELOPING...
DEM EARTHQUAKE...
'LANDSLIDE'
1 President, 35 Senate Seats,
435 House, 11 Govs... drudge DEVELOPING...
SENATE: DEMS SEE 58
SEATS; EXIT POLLS SHOW OBAMA BIG
Israeli troops kill civilian in Gaza raid: Hamas
(Reuters)
US
military raid inside Syria's border
Flashback: Max Keiser Calls Paulson and the Bankers “Financial
Terrorists”
They Made a Killing: The Use of Knowledge of Covert
Operations in the Stock Market
Worst is yet to come for economy
Uses for $700 billion bailout money ever shifting
Alan Greenspan’s 18 year crime spree was “a mistake”
Thousands of hedge funds, banks, companies on brink of
failure
Americans Don’t Want a Corporate Bailout U.S.
News & World Report | Americans want the free market and not
Washington to decide which companies live or die.
Medvedev: US to blame for global financial crisis
Debt linked to huge buyouts is tightening the vise
Inflation, Stagflation, Are Looming Threat
Evidence
of a recession piles higher with new data
Ex-CIA Man Warned Top Executives To Leave New York On 9/11
AP IMPACT: Flood of wounded GIs swamps care units (AP)
Prince Turki accuses US government of
doublespeak
Israeli security chief warns
of assassination by israelis to thwart peace...
Pakistan warns
US over missile strikes Pakistan’s Defense Minister Chaudhry Ahmad Mukhtar
has warned the US General David Petraeus of growing anti-American sentiments in
the country.
RAND
(think stink tank with new plan based upon the Iraq plan debacle that worked so
well for the u.s. and the deficit laden economy) Lobbies Pentagon: Start War To
Save U.S. Economy Paul Joseph Watson | EXCLUSIVE: Shocking proposal urges military
leaders to attack major foreign power.
Lies
and Audiotape: Morgan Chase Exec Brags Bailout Is for Compensation/Bonuses,
Takeovers, Restructuring, Not Lending Boston Globe | Congressional investigators demanded State Street
Corp., Citigroup Inc., and seven other banks justify billions of dollars in pay
and bonuses after they accepted $125 billion as part of a taxpayer-funded
bailout.
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.
Asian shares fall, to post worst month ever
Consumer Confidence and Dollar Plunge; Oil Prices
Soar
Georgia
accused of targeting civilians
The
2008 land grab for food and financial security
Israel
demolishes dozens of West Bank shacks (AP)
Spector killed actress in fit of rage: prosecutor
11-06-08
Barack Obama wins american presidency (by what is close to but dare not be
called landslide) ….. Congratulations! … (dated 10-31-08)
It's
Year Five, Do You Know Where Your Senators Are? OpEdNews
Airstrike
Kills 7 Afghan Children
International law breaker israel to Get $30bn
US aid (money that u.s. doesn’t really have) cementing america’s global decline
even as defacto bankrupt u.s is in drastic need of aid
U.S. far down the list of
most peaceful nations, study shows The Associated Press Published:
May 30, 2007
US
Air Strike Kills 7 Afghan Children, Army Says (Update2) Bloomberg - By Ed Johnson June 18 (Bloomberg)
-- Seven Afghan schoolchildren were killed yesterday in a coalition air strike
against a suspected al-Qaeda safe house in eastern Paktika province that also
left several militants dead, the US military said.
Children
die in Afghan bombing ABC Online
Airstrike
on al Qaeda kills 7 children CNN
Karzai
Calls Coalition ‘Careless’ New York Times - By BARRY BEARAK KABUL, Afghanistan,
June 23 - Somber, impatient and angry, President Hamid Karzai of Afghanistan on
Saturday accused the United States military and its NATO allies of carrying out
“careless operations” that lead to civilian casualties, ...
Afghan
President angry over civilian deaths ABC Online
Karzai says US
and NATO are careless Houston Chronicle
US charges two soldiers with premeditated
murder Taipei Times
Canada
among world's most peaceful nations The United States and Iran finished in a virtual dead
heat, and way down the list, in a magazine's assessment of the peacefulness of
121 countries. Meaningfully lawless uncivilized criminal nation america has
added their tainted touch to bring Iraq down to dead last on the list; and,
don’t forget war criminal nation america has probably played a role in Iran’s
status in light of criminal america’s op’s to destabilize Iran. In sum, the
study/ranking confirms if not understates my own direct observation and
experience with meaningfully lawless criminal america.
Finland
ranks as world's sixth most peaceful country Helsingin Sanomat
Norway tops
peaceful nation list, Iraq rates lowest Radio Australia
Magazine's
'peace index' puts US, Iran near bottom of list, Canada ...
Norway tops
peaceful nation list, Iraq (thanks to america) rates lowest Iraq (thanks to criminal nation america)
was in last place, with Sudan and international war criminal nation israel just
above. Some two-dozen indicators were used, including wars fought in the past
five years, arms sales, prison populations and incidence of crime.
Britain
drops down peace table Metro, UK - May 30, 2007
The wars in Iraq
and Afghanistan have pushed Britain down into criminal america’s league of
violent/unpeaceful nations.
Ghana:
World's 40th most peaceful The Statesman Online, Ghana - Scandinavian countries are the most
peaceful in the world. New Zealand ranks second and Denmark third on the list,
which notably puts Japan near the top and ...
UAE Ranks Among
World's Top 50 Peaceful Countries Bernama, Malaysia - ABU DHABI, May 31 (Bernama) -- The
UAE is in the top 50 of the world's more peaceful nations, and is the third
most peaceful Gulf country,
Iran,
US have something in common: Both rank high in violence Detroit Free Press
The United
States and Iran finished in a virtual dead heat, and way down the list, in a
magazine's assessment of the peacefulness of 121 countries. Meaningfully
lawless uncivilized criminal nation america has added their tainted touch to
bring Iraq down to dead last on the list; and, don’t forget war criminal nation
america has probably played a role in Iran’s status in light of criminal
america’s op’s to destabilize Iran. In sum, the study/ranking confirms if not
understates my own direct observation and experience with meaningfully lawless
criminal america.
New
Peace Index Ranks US Among Worst Nations Chosun
Ilbo, South Korea - A new study has ranked Norway as the most
peaceful country in the world, while placing the US near the bottom.
US
ranks low, just above Iran on peace index China
Daily, China - WASHINGTON - The United States is among the
least peaceful nations in the world, ranking 96th between Yemen and Iran,
according to a new index released on 5-31-07.
The data were drawn
from the United Nations, the World Bank, peace groups and the magazine
researchers' own assessments, Williamson said. "We are just mechanics and
technicians behind the index," he said. Norway was rated as the country
most at peace, followed by New Zealand, Denmark, Ireland and Japan. Canada
placed eighth, behind Finland and Sweden. Iraq was in last place, with Sudan
and international war criminal nation israel just above. The united states is among the least
peaceful nations in the world. Some two-dozen indicators were used, including wars fought in the
past five years, violence, organized crime, arms sales, prison populations and
incidence of crime.
In sum, the study/ranking confirms if not understates my own direct
observation and experience with meaningfully lawless criminal america.
10
Most peaceful
1. Norway
2. New Zealand
3. Denmark
4. Ireland
5. Japan
6. Finland
7. Sweden
8. Canada
9. Portugal
10. Austria
The least peaceful
97.
united states Violent Crime Up For Second Year
112: Angola
113. Ivory Coast
114. Lebanon
115. Pakistan
116. Colombia
117. Nigeria
118. Russia
119. Israel 'COUNTDOWN' TO ISRAEL'S END Yeah!
120. Sudan
121. Iraq
Judicial Watch
... friendly page For Immediate Release Oct 8, 2002 Contact:
Press Office 202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial
Watch Lawsuits and Investigations Seek To Hold Him ...
Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2619.shtml - Click here
LOUIS FREEH WILL NOT
ESCAPE ACCOUNTABILITY
... For Immediate Release Oct 8, 2002 Contact: Press Office
202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial Watch Lawsuits
and Investigations Seek To Hold Him Accountable ...
Description: no description
http://www.judicialwatch.org/printer_2619.shtml
- Click here
Judicial Watch
... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED
AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI
SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ...
Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/1107.shtml - Click here
JUDICIAL WATCH
VICTORY: APPEALS COURT ALLOWS CIVIL RIGHTS CASE BY ENERGY DEPARTMENT
WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH
... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED
AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI
SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ...
Description: no description
http://www.judicialwatch.org/printer_1107.shtml
- Click here
Judicial Watch
... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT
AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER
NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ...
Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption.
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Judicial Watch
... Contact: Press Office 202-646-5188 SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf
of Client Notra Trulock Case to Proceed to Discovery ...
Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2814.shtml - Click here
JUDICIAL WATCH
VICTORIES
... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT
AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER
NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ...
Description: no description
http://www.judicialwatch.org/printer_1761.shtml
- Click here
SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH
... Contact: Press Office 202-646-5188 SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf
of Client Notra Trulock Case to Proceed to Discovery ...
Description: no description
http://www.judicialwatch.org/printer_2814.shtml
- Click here
Judicial Watch
... directed against him by Clinton administration
officials, former FBI Director Louis Freeh, and the now thoroughly discredited
FBI. Trulock’s First Amendment rights were violated by ...
Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/3431.shtml - Click here
JUDICIAL WATCH
VICTORY: JUDGE ORDERS CIA TO PRODUCE TRULOCK DOCUMENTS FOR REVIEW
... directed against him by Clinton administration
officials, former FBI Director Louis Freeh, and the now thoroughly discredited
FBI. Trulock’s First Amendment rights were violated by ...
Description: no description
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- Click here
Judicial Watch
... Circuit. This reinstated case involves Trulock's claims
against former FBI Director Louis Freeh for violating his constitutional
rights. “The Bush Justice Department feared that if the Trulock ...
Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/1431.shtml - Click here
Judicial Watch
... wiretap warrant applications by FBI agents (signed-off
by the former FBI Director, Louis Freeh) to the Foreign Intelligence
Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ...
Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2469.shtml - Click here
Judicial Watch
... waiting for documents to be produced by the government.
Notra Trulock’s case against Louis Freeh was settled in early 2004. Notra
Trulock’s case against Wen Ho Lee ended with a summary judgment ...
Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/ntrulock.shtml - Click here
TRULOCK CASE AGAINST
WEN HO LEE DISMISSED AT REQUEST OF PRESIDENT BUSH
... Circuit. This reinstated case involves Trulock's claims
against former FBI Director Louis Freeh for violating his constitutional
rights. “The Bush Justice Department feared that if the Trulock ...
Description: no description
http://www.judicialwatch.org/printer_1431.shtml
- Click here
FBI AGENT ROBERT
WRIGHT SAYS FBI AGENTS ASSIGNED TO INTELLIGENCE OPERATIONS CONTINUE TO PROTECT
TERRORISTS FROM CRIMINAL INVESTIGATIONS AND PROSECUTIONS
... wiretap warrant applications by FBI agents (signed-off
by the former FBI Director, Louis Freeh) to the Foreign Intelligence
Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ...
Description: no description
http://www.judicialwatch.org/printer_2469.shtml
- Click here
Notra Trulock v.
Wen Ho Lee, et al.
... waiting for documents to be produced by the government. Notra Trulock’s
case against Louis Freeh was settled in early 2004. Notra Trulock’s case
against Wen Ho Lee ended with a summary judgment ...
Description: no description
http://www.judicialwatch.org/printer_ntrulock.shtml -
Click here
Financial Lunacy 2006 
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