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.

Benazir Assassinated

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

FDR: "They who seek to establish systems of government based on the regimentation of all human beings by a handful of individual rulers... call this a New Order. It is not new and it is not order."

Andrew Jackson: "There are no necessary evils in government. Its evils exist only in its abuses."

Congressman McFadden (1934) on the Fed: "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government."

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

Kucinich's brother found dead

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

Romney Proves to All He is Not as Smart as he appears to be by Hitting Huckabee for Appropriately Criticizing War Criminal Dumbya bush for the debacle in Iraq (, etc.,) Which Is the Greatest Foreign Policy Blunder in america’s short-lived history (while concomitantly destroying the republican party, etc.) - tush tush, bush bush Washington Post

Bill Clinton Says He Wasn’t Ready for White House When He Squandered the Cold War Victory and Consequent Peace Dividend and that by resisting the bushit team Obama isn't Ready For White House which is ridiculous based upon the substantial damage the bush-clinton-bush corrupt regimes have caused the nation and the world...

Bush-Clinton-Bush-Clinton : Two Families, Three Decades In The White House, The Very Best Of Times For Them and the Worst of Times and Decline For america are (and this should be the wake-up call) best Friends

WYOMING DEM CHIEF: CLINTON WOULD HURT PARTY...

LA's gangland culture spreading chaos, violence into America's heartland...

AT&T engineer says Bush Administration sought to implement domestic spying within two weeks of taking office

Dodd ready to mount filibuster to block telecom immunity

The End of America

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

U.S.National Debt (real time)

(6-2-10) Dow 10,249 +226 Nasdaq 2281 +58 S&P 500 1,098 +27 [CLOSE- OIL $72.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.05 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,222 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.35 (+47% for year 2009) PLATINUM $1,549 (+56% for year 2009) / DOLLAR= .81 EURO, 92 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.33% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME! [ (2-16-10) Paul B. Farrell, MarketWatch Economic Doomsday is Here Market rallies on weak worthless Weimar dollar, higher oil prices, and news from ny fed, the one with $4 trillion missing/unaccounted for, that NY is now a global hub of manufacturing activity with stimulus-generated inventory increase (even if believed), that former obfuscating source of cyclic up must come down as said inventories are unsold or unloaded…riiiiight!…Total bull st!… Shadowstats’ John Williams: Prepare For The Hyperinflationary Great Depression `Roubini: 'The worst is yet to come'...` `Top Eurobank prepares for 'global economic collapse'...` CHINA: ‘The world does not have Money to buy more US Treasuries’ We Have Reached the Top of the Stock Market (Charts/Analysis/Article 1-19-10) Marketwatch: U.S. stocks held their gains following the release of the home builders' sentiment index, which declined in January as industry leaders remained concerned about the poor job market and the continuation of home foreclosures. Read more about the sentiment survey. It’s Time to Sell the Market…(1-19-10 Why wait till too late?) … This means closing out some longs for a profit, or at least taking some money off the table. This also means considering what one would do if stocks were to stage a significant reversal. The fact that corporate insiders are selling their stakes in record numbers and that fewer and fewer investors are participating in this rally makes a massive reversal probable rather than possible this year!... Peter Shiff: Economic collapse in near future / 2010, coming decade worse than past decade …S&P sells on a price-to-earnings multiple of 88 after the recent financial results. That is a horrendous overvaluation. A reasonable p/e would be around 18-25…’ Economist Wachtel says practices that caused crisis in play, toxic assets still there, and economically sound lending not viable …El-Erian who oversees nearly $1 trillion in assets, more than the gross domestic product of most countries, says stocks will drop 10 percent in the space of three or four weeks, bringing the Standard & Poor's 500 index below 1,000 soon… Breaking Point 2010: Top Trends with Gerald Celente …DO YOU THINK IT IS POSSIBLE IN 2010 FOR THE UNITED STATES TO END UP AS BADLY AS ARGENTINA A DECADE AGO? “Worse! Worse than Argentina because our debt problems are worse. This is classic empire decline. Argentina was not even an empire. We’re fighting wars in foreign countries as we are depleting the Treasury .…That’s why we are calling it: Breaking Point 2010!” The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide … `THE NUMBER: DEC. -85,000 JOBS... 10%...` `'WORSE THAN EXPECTED'... rallies stocks anyway (they probably just didn’t bother resetting the computerized churn-and-earn trade programs) /` `the new carry-trade borrow low then buy bubble` `trade deficit up /` US Will Hit 94% Debt to GDP Ratio Next Year, Surpassing the Level Where Debt Starts Reducing Economic Growth Shrinking US Labor Force Keeps Unemployment Rate From Rising … Negative data spurs market rally … riiiiight! `New jobless claims rise 'more than expected'...` `Retail sales drop in December; Sales for all of '09 plunge by record amount...` `Record year for foreclosures...` Worthless Weimar dollar, inflation, unsustainable debt, higher interest rates, and fake numbers rally stocks Food Stamps Go to a Record 37.2 Million, USDA Says Bloomberg Last decade was the worst ever in the stock market Jay Bookman | In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s. Foreclosure / distressed sales up again and a lunatics’ santa claus rally as in bubble-crashes past WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL ST (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst 5 DISTURBING FACTS FOR BULLS David Weidner's Writing on the Wall: Taking the inside path to new bubble and fraudulent gains wall street frauds as before they tout multinational currency translation for window dressing but quality of earnings and prospective growth and stability in doubt and already discounted and substantially overvalued s Another Financial Bubble Comes Into View Oil price hits new high for 2009 Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High ) [We Are in Deep Trouble: We are Going to See New Lows in The Markets The Recession Is Far from Over Portfolio Manager Says Dow Will Fall To 6,300 By Year End Classic Market Bubble October ‘Crash’ Still on the Way: CEO Max Keiser On JPMorgan, Goldman Sachs Et Al’s Fraud Goldman Sachs Operative Hired as SEC Unit COO October: High Risk for Bulls …The big, smart traders will use any buying from the public to sell into. After all, the stock market has rallied on fumes, hopes and expectations. It will be the typical case of "selling on the news."… U.S. Stock Markets Disconnected from Reality U.S. Foreclosure Filings Jump 23% to Record in Third Quarter 1929 And Today - Sobering Parallels Abound Dollar loses reserve status to yen & euro Dollar drops to 14-month low; commodities rise Rothschild Biographer: Dollar Will Suffer Long, Protracted Death Major U.S. banks and securities firms on route to award record pay in '09, despite the damage they caused from their yet unprosecuted fraud and the change back to old FASB fraud facilitator ‘mark to anything they want’ accounting: report Jim Rogers “Quite Sure” Gold Will Hit $2000, Dollar Will Lose Reserve Status Goldman Sachs 2009 bonuses to double 2008’s; $23 billion could send 460,000 to Harvard, buy insurance for 1.7 million families A second Great Depression is still probable Financial Times Gold Jumps to Record as Inflation/Worthless Dollar Outlook Fuels Investor Demand Robert Fisk on the Gulf ‘Ditching the Dollar’ AlJazeera | Report suggests a move to the Japanese Yen, Chinese Yuan, and the Euro. The 'Buy Anything' Market It's the "buy anything market" brought to you courtesy of the destruction of your currency… `Defaults on Credit Cards Climbed to Record 11.49%...` It Is Going To Be A Rocky Road Chuck Baldwin | America is on the verge of total financial collapse. The Economy is a Lie, too Paul Craig Roberts | The worst part of the decline is yet to come. BULLISH STANCE IS WEARING THIN WAY TOO MUCH RISK IN THE EQUITY MARKET Mark Hulbert (9-22-09): Corporate insiders selling at faster pace The stock market rally is just another bubble — and it’s set to pop Marc Faber Says U.S. Government Will Fail in 5 to 10 Years Push For New Global Currency At G20 HSBC bids farewell to dollar supremacy US To Face ‘Armageddon’: China, Japan Can’t Keep Buying Worthless Debt Senator Sanders: “Don’t Believe Anybody Who’s Telling You ‘The Recession is Over’ ” FDIC May Tap Fed Treasury Funds State Unemployment Keeps Rising; Three Hit Record Highs John Browne…And the markets just don't get it. Technically, S&P profits are down some 90 percent, but the Index has risen to push P/E ratios to levels not seen since 1929. Bernanke Says Recession Over. Should You Believe Him? Barry Ritholtz | Based on his track record as a forecaster and his acumen in identifying economic problems before they exploded, his views on starts and finishes of recessions are, to be blunt, irrelevant. Entering the Greatest Depression in History Andrew Gavin Marshall | The economic crisis is anything but over, the “solutions” have been akin to putting a band-aid on an amputated arm. Roubini Sees Stock Declines as Soros Warns on Economy Expect Economic Stagnancy, If Not Worse, for Years to Come Obama referred to Friday's jobs data, a loss of 263,000 jobs (roughly 100,000 more than economists expected) as sobering. Well, I agree, but to say it was unexpected is to buy into those that thinks we are in recovery phase. To me we are in the lull before the storm. By the way, of over 80 economists surveyed, none, not one, predicted the number to be as high as 263,000. That reality is sobering. But if you really want something sobering, I suggest the following link. As the author points out, if you are expecting consumers to start spending more money for an economic rebound then you are sadly mistaken. They are already spending at very high (record) levels in terms of a percentage of personal income and as a percentage of GDP. And even that is not really lifting us out of this recession absent government support. Even though consumers are pretty much spending as much as they can, the economy is still struggling. So I don't expect things to improve from here. And as this piece points out, we are in for a world of hurt due to the size of the private debt that has built up. Charts Predict Downside for the Markets Shorting the Double Dip The double dip has begun… The reported unemployment number is 9.8%; real unemployment is 20% if you include those who have stopped looking and part time workers wanting to work full time. And the labor force participation rate is at a 23 year low... The Recovery That Isn’t Peter Schiff | Americans are once again taking the government’s bait by spending money they don’t have to buy things they can’t afford. Dangers, Failures, Diversions and Shortfalls Bob Chapman | Yes, too big to fail is still in vogue, just as it was in the 1930s. The Real Reason the Giant, Insolvent Banks Aren’t Being Broken Up US Lost Credibility by Saying Banks Were Healthy, Audit Says World Bank and IMF join global attack on the dollar Larry Edelson | Washington has no choice but to devalue the dollar — and how global leaders and even the United Nations have joined the attack on the greenback by demanding it be replaced as the world’s reserve currency. US economic decline forges new world order Agence France-Presse | “The American engine is not as strong as it was before,” IMF managing director Dominique Strauss-Kahn said in a speech. Expert on Structured Finance and Derivatives Gives the Big Picture Wall Street disguised these toxic “investments” with new value-destroying securitizations and derivatives. Meanwhile, collapsing mortgage lenders paid high dividends to shareholders (old investors) and interest on credit lines to Wall Street (old investors) with money raised from new investors in doomed securities. New money allowed Wall Street to temporarily hide losses and pay enormous bonuses. This is a classic Ponzi scheme… 300 Members of The House Support Audit the Fed `Roubini: Stocks, Commodities Have Risen 'Too Much, Too Soon, Too Fast'...` TARP Boss Plays Soft Ball with the Banksters Kurt Nimmo | The “gigantic train of crime” is rolling again and it will be far worse than it was in 1929 and the 1930s. Study: Bernanke, Paulson misled public on bailouts Euro Banks May Have to Raise $78 Billion: JP Morgan U.S. Suffering Permanent Destruction of Jobs HSBC Chief Warns of Second Downturn: Report Unemployment to Rise Through Most of 2010: Roubini Key Reversals on September 23 Started the Return of the Bear Central Banks Continue to Reduce Their Share of Dollar Reserves IMF Growth Forecast: Cause for Concern, Not Optimism In a climate where economic planners and market participants are desperate Market Rally Exaggerates Reality Plunging Pensions: Taxpayers Below Some Scary Implications of US Debt Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman “Everything the US has done since the crisis is wrong” – economist US credit shrinks at Great Depression rate prompting reality of double-dip recession Ron Paul: Federal government ‘one giant toxic asset’ Bankster Bailout Did Nothing to Solve Problem, Crisis Now Worse 16 Reasons for Equities Markets to Fall Soon WHY THE BULLS ARE SKATING ON THIN ICE Treasury: Millions more foreclosures coming Forbes Reports the Dollar Has Collapsed `PAPER: AMERICA 'FACES ARGENTINA-STYLE FALL'...` Forbes Reports the Dollar Has Collapsed Predicting Worse Ahead from America’s Economic Crisis 3 more bank failures bring 2009 total to 92 `WHITE HOUSE ECON ADVISER: HIGH UNEMPLOYMENT FOR YEARS TO COME...` The Coming Consequences of Banking Fraud Job losses slow if you believe their fake numbers (they revealed prior better than expected numbers which previously rallied stocks, were indeed not better than expected in fact, and then rallied them again); jobless rate at 26-year high We are reminded of Japan where rates were microscopic for years and the Nikkei certainly did enjoy no fewer than four 50% rallies and over 420,000 rally points in a market that is still more than 70% lower today than it was two decades ago , The market is basically discounting an earnings stream that even the consensus does not see for another two to three years ], EVER MORE WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL ST (REMEMBER HIS NO RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL ST, WHAT FRAUDS!) EVEN AS ECONOMIST KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE UNDER ITS OWN WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK Insiders Selling Stocks at Highest Level Since May 2008 (8-31-09) INSIDERS CONTINUE TO SELL, SELL, SELL (AT SEEKING ALPHA 8/13/09) `PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS...` The Great Depression and Today - Sobering Parallels Abound Roubini: “When Governments Reach the Point Where They Are Borrowing to Pay the Interest on Their Borrowing They Are … Running a Ponzi Scheme” Economic Collapse: Bank Runs, China, Peter Schiff, Gerald Celente, Max Keiser Oldest Swiss Bank Wisely Tells Clients to Sell U.S. Assets or Leave Looming Global Debt Crisis Congressman Grayson: Fed Secretly “Stuffed” $500 Billion into “Foreign Private Pockets” and Gave $230 Billion to Citi “As a Secret Bailout” Ron Paul: End the Fed, Save the Dollar Gerald Celente: There is No Recovery Madoff Files: A Chronicle of SEC Failure US jobless soars as companies squeeze workers US jobless soars as companies squeeze workers `Food stamp list soars past 35 million... and New record; up 22% from '08...` Fairy Tales of Recovery, Reality of More Failures Goldman Sachs Wrong on Economic Recovery, Macro Hedge Funds Say The Coming Deposit Insurance Bailout Five banks closed by U.S. regulators with 89 total closures Russian Professor: Collapse Of America Could Begin In Two Months The $531 Trillion Dollar Derivatives Time Bomb Dollar Is Funny Money in Push for World Currency: Kevin Hassett Commercial Real Estate Next Mortgage Crisis Federal Reserve made $14 billion on turmoil loans `Banks' struggles have worsened...` Lehman claims could reach $100 billion: PwC [$$] Raft of Deals for Failed Banks Puts U.S. on Hook for Billions (at The Wall Street Journal Online) Three more banks fail; 2009 total hits 84 Goldman "Trading Huddles" Expose Fiction of Level Playing Field 1,000 Banks to Fail In Next Two Years AP sources: $2 trillion higher deficit projected (AP) Judge Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in March Alone Geithner: Auditing the Fed is a “line that we don’t want to cross” The Federal Reserve Must Die “True Deleveraging Has Not Begun Yet Because Losses of Financial Institutions Have Been Socialized” `Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...` `Grim...` "Artificially Sweetened" Market Could Face "Seismic Readjustment," Harrison Says `Official: Real unemployment rate at 16%...` `WSJ: Dollar Steadily Losing Influence... Senator warns of hyperinflation...` Failed banks mount; Ga, Ala, and large Texas banks shut Learn to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE `What rebound? Foreclosures rise...` Grab Your Shorts, The Correction Has Begun THE SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) `DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES RESERVE STATUS'...` JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER WORRIES Connecticut Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to Deteriorate Retail sales fall, new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July Colonial BancGroup shut down by federal officials (largest bank failure this year) (AP) Economist: Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their Uncle and Then Celebrating that Their Income Has Gone Up” ] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER (2010-HOGAN); HILLARY KRAMER-10% CORRECTION, CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency `PAPER: Fresh alert on global stock markets...` TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [`Tarp banks award billions in bonuses...` Goldman Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [ Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think Back in the Great Depression of 1929 through the 1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally, but then the most devastating part of the market collapse followed into the 1930’s. `Feds Hit With Biggest Tax Revenue Drop Since 1932...` The Great Depression Two Continues There is no coincident data which is demonstrating this recession is over. Some may be at the bottom, others have a way to go… An Artifical Recovery [$$] Why I Went Fully Into Cash Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying again today, and (as usual) it is a rally with no basis in reality. Most of the enthusiasm comes from another string of corporate quarterly results which “beat expectations”. I had hoped that the sheep were starting to clue-in to this silly game, however it appears there is a still a large pack of Pavlov's Dogs out there – who respond to their propaganda cues without a moment of actual thought. The truth is that all of the companies “beating expectations” are still reporting steadily worse results year-over-year – and in many cases, much worse results. Among the few exceptions are U.S. financial corporations. However, since accounting-fraud was legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”), their bottom-lines have had absolutely no connection to their business operations… The Real Economy Versus the Make-Believe World of the Government and Financial Giants In the real economy, unemployment is at Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34% Nine Of Ten Sectors Overbought This Depression is just beginning US companies axe 371,000 jobs in July `Half of U.S. mortgages seen underwater by 2011...` Recovery ‘not in sight’ says BMW ] CONTINUED FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% - REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH $87 BILLION IN TAXPAYER FUNDS TO PLAY WITH [ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) `PAPER: Fresh alert on global stock markets...` Retail sales fall, new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming Levels …Although the level of insider selling is certainly alarming it's important to note that the very low levels of buying are particularly alarming. Insiders sell stock for many reasons, but they generally only buy stock for one reason: they believe the stock is going up. Despite the fact the media is reporting an end to the recession, a bottom in housing and a trough in earnings we are seeing a vote of zero confidence from the people who know these companies better than anyone else… Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More and more will be laid off and they’ll be no new jobs available. Savings will be exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is just beginning You read that right! Only $400 billion of that fantastic 6 month “green shoots” stock market rally came from money market accounts. The rest ($2.3 trillion) was laundered through the banks and other financial institutions to create the appearance of recovery and to raise equity for underwater banks rather than forcing them into receivership (which is where they belong) Bernanke probably knew that congress wouldn’t approve another TARP-type bailout for dodgy mortgage-backed assets, so he settled on this shifty plan instead. The only problem is, the banks are still broke, business investment is at historic lows, consumers are on the ropes, the unemployment lines are swelling, the homeless shelters are bulging, the pawn shops are bustling, tent cities are sprouting up everywhere, and according to MarketWatch, Corporate insiders have recently been selling their companies’ shares at a greater pace than at any time since the top of the bull market in the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think Back in the Great Depression of 1929 through the 1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally, but then the most devastating part of the market collapse followed into the 1930’s. Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break The Real Economy Versus the Make-Believe World of the Government and Financial Giants In the real economy, unemployment is at Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34% Nine Of Ten Sectors Overbought This Depression is just beginning `Feds Hit With Biggest Tax Revenue Drop Since 1932...` The Great Depression Two Continues There is no coincident data which is demonstrating this recession is over. Some may be at the bottom, others have a way to go… An Artifical Recovery [$$] Why I Went Fully Into Cash US food stamp list tops 34 million for first time The Banks Own the Fed, and the Central Banks Own BIS AIG breakup nets Wall Street $1 billion bonanza: report ‘Underwater’ Mortgages to Hit 48%, Deutsche Bank Says `Oil price hits $76, highest since October...` US companies axe 371,000 jobs in July `Half of U.S. mortgages seen underwater by 2011...` Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed. DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! `REVISED: ECONOMY 2X WORSE...` `The government plans big revisions to historical economic data... Developing...` `Regulators shut banks in Fla., NJ, Ohio, Okla...` WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. PhD Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions Losing Life Savings and More than $6 Trillion in Lost Output `DOLLAR DROPS TO '09 LOW...` Unemployment spreads distress in U.S. home loans `Weak Treasury Auctions Raise Worries About Debt Burden...` [$$] Senate Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great Depression Senate probes Goldman, Deutsche: report (Reuters) The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 `Dollar Falls to 2009 Low...` U.S. Markets Decline After Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem when you take into account TARP funding, changed accounting rules to fudge books, new stock issues, etc… um Cost Of Bailout Hits A Whopping $24 Trillion Dollars Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies Bailout Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break ] AND COMMISSION DOLLARS FLOWING [`Tarp banks award billions in bonuses...` Goldman Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal Online) Max Keiser: Goldman Sachs gang are ’scum’ who have co-opted U.S. gov’t Max Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an appearance on France 24 as he slams Goldman Sachs as “scum” and “financial terrorists” who should be thrown in jail. ‘Printing money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’ 2009 Looking More Like 1929 AIG breakup nets Wall Street $1 billion bonanza: report ] BASED ON CONTINUED BAD NEWS ( ie., `BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...` Scams And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha 8/13/09) `PAPER: Fresh alert on global stock markets...` Retail sales fall, new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming Levels Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. The Market's Horoscope: Downside Correction Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More and more will be laid off and they’ll be no new jobs available. Savings will be exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is just beginning You read that right! Only $400 billion of that fantastic 6 month “green shoots” stock market rally came from money market accounts. The rest ($2.3 trillion) was laundered through the banks and other financial institutions to create the appearance of recovery and to raise equity for underwater banks rather than forcing them into receivership (which is where they belong) Bernanke probably knew that congress wouldn’t approve another TARP-type bailout for dodgy mortgage-backed assets, so he settled on this shifty plan instead. The only problem is, the banks are still broke, business investment is at historic lows, consumers are on the ropes, the unemployment lines are swelling, the homeless shelters are bulging, the pawn shops are bustling, tent cities are sprouting up everywhere, and according to MarketWatch, Corporate insiders have recently been selling their companies’ shares at a greater pace than at any time since the top of the bull market in the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think Back in the Great Depression of 1929 through the 1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally, but then the most devastating part of the market collapse followed into the 1930’s. `Feds Hit With Biggest Tax Revenue Drop Since 1932...` The Great Depression Two Continues There is no coincident data which is demonstrating this recession is over. Some may be at the bottom, others have a way to go… An Artifical Recovery [$$] Why I Went Fully Into Cash Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break The Real Economy Versus the Make-Believe World of the Government and Financial Giants In the real economy, unemployment is at Depression-era levels. US companies axe 371,000 jobs in July `Half of U.S. mortgages seen underwater by 2011...` Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34% Nine Of Ten Sectors Overbought This Depression is just beginning US food stamp list tops 34 million for first time The Banks Own the Fed, and the Central Banks Own BIS AIG breakup nets Wall Street $1 billion bonanza: report ‘Underwater’ Mortgages to Hit 48%, Deutsche Bank Says `Oil price hits $76, highest since October...` US companies axe 371,000 jobs in July Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac said on Thursday. Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed. Do you realize how many suckers’ rally points were added by the fake numbers contributing to this new commissioning bubble! `REVISED: ECONOMY 2X WORSE...` `The government plans big revisions to historical economic data... Developing...` `Regulators shut banks in Fla., NJ, Ohio, Okla...` WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. PhD Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions Losing Life Savings and More than $6 Trillion in Lost Output `DOLLAR DROPS TO '09 LOW...` 75% Favor Auditing The Fed `Tarp banks award billions in bonuses...` The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 `Dollar Falls to 2009 Low...` `Six Georgia banks fail, bringing year tally to 64....` Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge Demand Ben Bernanke Was Wrong Wall Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression Scams And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary Cycle `MICROSOFT Profit Drops 29% as PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake assets/books legislation recently passed...` `AMAZON.COM Profit Drops 10%...` Bernanke: “I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit swaps. `Fed: unemployment will top 10 percent this year...` Foreclosures (those increased home sales that has been fueling suckers’ rally) rise 15 percent in first half of 2009 `(7-17) Three more banks fail, bringing 2009 tally to more than double all of 2008 at a total thus far of 57` Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs gang are ’scum’ who have co-opted U.S. gov’t Cost Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies Bailout Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs caused the problems in the first place… Who can deny that? Budget deficit tops $1 trillion for first time (AP) CIT Watch: Analysts Says Debt Load Isn't the Only Problem Geithner Refuses to Rule Out Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses `WHITE HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION' ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC DEPRESSION IS...` What Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money for the commission frauds on wall street in new manufactured bubble as actual/real manufacturing down again; c`onsumer confidence down, commercial loans begin default phase of downturn, 6.9 million continuing unemployment claims for new record; retail sales down sharply`A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying again today, and (as usual) it is a rally with no basis in reality. Economist: FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line. They have co-opted the government, the Treasury Department and the Federal Reserve’s functionality. They’ve co-opted the Obama administration & Barack Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression Will Last For Years Wyoming sees first bank failure since 1991 China criticizes dollar `AIG Preparing to Pay New Round of Bonuses...` While Talking About Keynesian Stimulus, Feds Are Really Just Giving Money to the Big Frauds FDIC Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% `'We're in the Middle of a Crash': Black Swan...` Economic Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15% unemployment or more on horizon. U.S. consumers fall behind on loans at record pace `FBI: Mortgage fraud 'rampant' and growing...` Celente and Schiff Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new stimulus `(7-2)Seven more banks fail, bringing 2009 tally to more than double all of 2008 at a total thus far of 52; Private sector sheds another 473,000 jobs in June...` US lurching towards ‘debt explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials call for displacing dollar, in time Tracking Two Depressions, 1929 and now this `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...` A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying again today, and (as usual) it is a rally with no basis in reality. `,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 bl st!…, 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 A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying again today, and (as usual) it is a rally with no basis in reality. 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 st …based in large part on inflated stock price component … more bull st … 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!

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 fk-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 fk-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 ST 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 ST! …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number… riiiiight! …as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top….. Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…

THE FOLLOWING AT LEAST TO PREVIOUS (7-6-09) IS MUST READ:

SELLER

Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top…..

Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’

Art Hogan recently summed up choosing stocks in this environment thusly: ‘pick the best-looking horse at the glue factory’…..I think he was as a courtesy to his industry overly generous. The administration pitches hardballs to the auto industry while continuing to pitch powder puffs to the wall street frauds who have perpetrated the largest (securities) fraud in recorded history, turning a cyclical downturn into what is now unavoidably depression, putting beleagered taxpayers in the unfathomable position of funders/guarantors of the scam/fraud in bailing out the perpetrators of the crimes (bush’s infamous base) who have financially benefited enormously (fees, commissions, spreads, points, salaries, expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though disgorgement, the legal remedy among other criminal penalties, would aid the defacto bankrupt u.s. treasury!
ON WHETHER BEN BERNANKE HAS REDEEMED HIMSELF AND WHAT THAT MEANS FOR STOCKS:

I do not think so. On the contrary, I think what the government is doing and its economic "dream team" under Mr. Bernanke and Mr. Geithner and Mr. Summers are going to be, from a longer term point of view, rather negative.
But, you understand, we can all sit here and say it will all end in disaster. That I'm sure. But, in the meantime, we can have big moves in markets.

On the new bad assets purchase plan:

I think he's doing the politically expedient thing from a very short term perspective. If you have cracks in your walls and just put paint on it, it will hide them and then you sell your house. But it won't solve the problems of the cracks - it's the next owner and these are the children of the current taxpayer who will pay for it. Marc Faber: 'It Will All End in Disaster'

China calls for new global currency (AP) Why Goldman Sachs Should Return Its TARP Money (at Seeking Alpha) Marc Faber: 'It Will All End in Disaster' Congresswoman presses Geithner on connections to Goldman Sachs Gerald Celente Predicts Economic Armageddon by 2012 Geithner Plan Will Rob US Taxpayers: Stiglitz

It bears repeating, so preposterous was 3-23-09 Pavlov dogs rally [conditioning to associate what’s good for fraudulent wall street, viz., privatizing profits – still not one prosecution for what now is the largest fraud/scam/swindle in the history of this planet – and socializing the losses, is somehow positive for america/the economy by the magnitude of this suckers’ bear market rally and prior market manipulations] when the same created the instant crisis in the first instance (don’t worry about the frauds on wall street, they’ll get their commissions again on the way down as they did in creating this financial debacle/fraud as they clamor for more taxpayer/treasury money). They’re still printing/creating those worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don’t know what they’re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt: Analyst U.S. Budget Office offers darker economic and deficit outlook The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar

Fierman: How quickly things change…..
Some stats from today’s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and the stock market felt like it was forecasting the end of the world. We’ve now rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they really don’t seem to justify such an explosive move. Citi said they were profitable in the first two months of the year and JP Morgan (JPM) and Bank of America (BAC) said they were too. The Fed initiated some serious quantitative easing. And now Geithner’s toxic asset plan this morning. I agree with the Capital Spectator when he wrote this morning:

We’re skeptical largely because the rally this month has drawn power primarily from a new round of hope that Washington’s various experiments to right the economy will finally hit pay dirt. Perhaps, but it’s not the stuff that powers sustainable rallies, much less secular bull markets. We’re Sellers of This Rally!

Lawrence York

‘Treasury Secretary Geithner has released his plan to mop-up the toxic assets held by banks that threaten their solvency and the global financial system. Accordingly, the plan purposes that private equity firms partner with the Fed to purchase bank assets at some discount set by the private firms at auction. Then the Fed will leverage the purchase six-fold to buy more bank assets and assume all the risk of leverage. In other words, private firms will set the price and then put up half the initial purchase price. The Fed will then put up non-recourse loans to purchase six times more debt at the same price to be owned by the joint venture partners. If the deal works private equity splits the booty equally. If the deal fails, the government loses upwards to six times taxpayer's money and private equity loses only its original equity match equal to 1/6 the total loss.

Flabergasted? Don't be. How often can you cut a deal where you get to set the price and your partner puts in six times your money and you split the profit. IF THESE DEAL TERMS DON'T UNDERSCORE WHY THE GOVERNMENT SHOULD NOT HANDLE YOUR MONEY AND WHY THE GOVERNMENT SHOULD STAY OUT OF BUSINESS, WHAT DOES? Other deal terms are that the Fed will designate the private equity players, at least initially. Could it be that the Fed is creating another pass-through mechanism to simultaneously bail out or reward its friends? If so, look for Goldman Sachs (GS), Merrill, Blackstone (BX), Carlye Group, Texas Pacific Group, and perhaps Bear Stearns to be players. Look also for the typical MOS of some Structured Investment Vehicle, not much different from the Maiden Lane III SIV, to backstop or divert money where it needs to be--by gratuitous selection that is. Oh, and never mind that Private Equity may be joined by the Libyan Investment Authority (LIA and Private Equity article by Financial Times) as Private Equity at present is having a bit of a liquidity crunch with their own deflated, illiquid assets. In short, the Geithner Toxic Asset Plan is just another bank bailout and footnote to this era of 'Dark Capitalism" where profits are reaped and losses socialized in an ever transparent way.’

Trevisani: ’…The beginning of quantitative easing calls all three ideas in question; it increases the supply of dollars effectively lowering US interest rates well below Europe’s; the need for such an unprecedented step undermines the hope for a US recovery; and a devaluing dollar cannot be a safe haven. Add the projected Federal deficits and the dollar begins to look very vulnerable. If the Europeans go down the same quantitative road then the dollar’s disabilities may be matched by the euro’s. But if they are not, then the Bernanke dollar call may not be an option to buy but a call to sell…’ China and most of the financial world outside the u.s. agrees with the latter. China Urges New Money Reserve to Replace Dollar Kremlin to Pitch New Currency...

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it…[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] …INVESTORS …..FOOLED (at least today) By Rev Shark …..realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral …We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail…

HERE’S THE REAL DEAL:
SUMMARY/RECAP OF LORIMER WILSON 3-17-09 ANALYSES/REVIEW
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-2013, especially around early 2011, but if the banking system continues to implode a deep downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012

Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top research houses in Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling the end of the bear market, as it has done at the end of the four largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve Currency

Robert R. Prechter Jr. is author of a number of newsletters and books including “Elliott Wave Principle” (1978) in which he predicted the super bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear Market” (1995) in which he predicted a slow motion economic earthquake, brought about by a great asset mania, that would register 11 on the financial Richter scale causing a collapse of historic proportions; and “Conquer the Crash: You can Survive and Prosper in a Deflationary Depression” (2002) in which he described the economic cataclysm that we are just beginning to experience and advised how to position one’s self financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to below 777 which was the starting point of its mania back in August 1982, and quite likely drop below 400 at one or more times during the bear market.

Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do. This says it all! Will FASB remain viable by resisting fudge/fraud factor. Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds on wall street

Why we think this is a (suckers’) bear market rally:

Citing 13 reasons that the bear will continue in spite of this rally seems appropriate.

1. Current P/E: the current 20+ P/E on trailing “as reported earnings” is too high for this set of negative sales, earnings and dividends growth conditions.

2. Forward P/E: the projected 2010 S&P 500 earnings by Standard and Poor’s at about $40 would only support 800 at best (20 P/E), and more likely would support 600 (15 P/E), assuming there was a general recovery under way — before that time, the current market should sell for less than 800, and perhaps less than 600.

3. Earnings: profits are still declining in the aggregate

4. Dividend Yield: banks and other companies continue to cut dividends, reducing stock appeal and putting total return in question until dividends stabilize and begin to grow (historically dividends generated about 1/3 of total return for the S&P 500)

5. Revenue: overall sales are down — declining sales, earnings and dividends are not reasons for bullish markets.

6. World GDP Growth: credible parties (Goldman Sachs, IMF, and noteworthy individuals, such as Nouriel Roubini, predict worsening global economies) — until forecasts for improvements within 12 months or less for the US or world economies become prevalent, the market is unlikely to “anticipate” with a sustainable trend reversal to a bull

7. Government Intervention: the US and global economies are currently highly government policy dependent, and while policies are becoming more clear, they are not all revealed, and there are suggestions more may be needed — the resulting uncertainty warrants low valuation until government policies to “save” and “stimulate” economies are no longer the centerpiece of investor hopes and earnings prospects

8. Real Estate: the US and global real estate asset deflation continues with waves of negative impact on household and institutional wealth — until property prices stabilize, or are believed to be about to stabilize, a new bull market will have difficulty gaining traction.

9. Other Bank Shoes to Drop: the major banks have not yet experienced likely future write-downs associated with non-mortgage asset types, such as credit cards and auto loans.

10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is uncertain with unknown government involvement.

11. LBOs: private equity firms built on leverage may not be able to continue to service and rollover the debt they used to make recent optimistic acquisitions — those debts could be a further burden on the financial sector.

12. Retirees and Pre-Retirees: the 55 and over crowd who control the largest portion of US private assets are not as likely to risk their life accumulations in stocks relative to bonds as they were in the boom times of the last couple of decades — that will delay the onset of a bull and subdue the extent of a bull when it occurs

13. Credit Availability: the credit and leverage availability that helped the US stock market recover from the 2002-2003 bottom is not available at this time to increase household expenditures and corporate capital investment — even the US government may be put on credit rationing by China, which today said it is “worried” about the credit quality of their US Treasury holdings, which has implications about their willingness to support the borrowing our “stimulus” programs require and assume to be available. By Richard Shaw

Analyst Andre Egleshion points to continuing effect of credit default swaps and pegs the amount of the worthless, fraudulent (previously sold, commissioned, repackaged, resold, re-commissioned, etc.) securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed’s received $11.7 trillion since 2008 yet refuses transparency as to where funds spent, who received same, etc., agrees with comment that shockingly no prosecutions yet, economy re-tooling, need for stiffer regulation, points to historical fact that fiat currencies and private central banks have consistently failed, sees hyperinflation with dollar weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers’ bear market short-covering rally to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/ distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don’t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges Frank just said that he wants to prosecute those who’ve caused this crisis…waxman was supposedly doing just that in part (fog of war fraud-360 tons of $100 dollar bills stolen), etc…. If they don’t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT! Celente: U.S. Has Entered “The Greatest Depression” …‘… Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is…Why? Then there’s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of…Fed Hides Destination Of $2 Trillion In Bailout Money …Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I’ve experienced this directly in my RICO case), damaging lives here and abroad. Then there’s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn’t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing…no prosecutions…the frauds who stole that money should put same in the failed ‘stimulus fraud pot’…at the least, etc.]. An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.

HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]

PREVIOUS 7-6,2-09, PREPOSTEROUS WAS THIS SURGE IN THE LAST 20 MINUTES INTO THE CLOSE FOR SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) [$$] Big Pay Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... America’s Effective Unemployment Rate at 18.7%? US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... (7-2)Seven more banks fail, bringing 2009 tally to more than double all of 2008 at a total thus far of 52; Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials call for displacing dollar, in time Tracking Two Depressions, 1929 and now this HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 7-1-09, SELL / TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) [$$] Big Pay Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Job losses / job concerns realistically weigh on confidence, real estate values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21% in california) Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 7-1-09, 6-30-09, SECULAR BEAR MARKET SUCKERS’ RALLY TO END WELL OFF SESSION LOWS TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED Job losses / job concerns realistically weigh on confidence, real estate values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21% in california) Consumer confidence suffers steep fall... Home prices post 18% annual drop... Worldwide Depression: Review of Global Markets . Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-29-09, Worthless dollar/High oil price stock rally…riiiiight!...Then there’s the madoff propaganda event Fraudster Madoff gets 150 years, with prosecutors patting themselves on the back when the reality is that there has been not even one prosecution in the massive securities fraud which benefited the wall street frauds greatly and make madoff look like a piker. Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-26-09, Worthless dollar/High oil price stock rally…riiiiight!...Then there’s the madoff propaganda event Fraudster Madoff gets 150 years, with prosecutors patting themselves on the back when the reality is that there has been not even one prosecution in the massive securities fraud which benefited the wall street frauds greatly and make madoff look like a piker. Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-26-09, SECULAR BEAR MARKET SUCKERS’ RALLY TO END MIXED. HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-25-09, HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-24-09, SECULAR BEAR MARKET SUCKERS RALLY CONTINUES FOR MIXED CLOSE TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; foreclosure sales up 2.4%, prices down 17% year over year, world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-23-09, SECULAR BEAR MARKET SUCKERS RALLY INTACT TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-22-09, ONLY MODEST LOSSES RELATIVE TO REALITY IN THIS SECULAR BEAR MARKET TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., Insiders Exit Shares at the Fastest Pace in Two Years [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years [$$] Market Suffers Some Technical Damage ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-19-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets, foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-18-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. , foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-18-09, MORE TALK OF NEW REGULATORY SCHEME WHEN PROSECUTION AND DISGORGEMENT WOULD REALLY BLUNT INCENTIVE FOR WALL STREET FRAUDS PROSPECTIVELY, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY ON LEADING INDICATORS UP FAR MORE THAN EXPECTED … BULL S**T …BASED IN LARGE PART ON INFLATED STOCK PRICE COMPONENT … MORE BULL S**T … AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-17-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown in Technical Support Levels Roubini: USA sees double-dip recession... Dollar drops on reserve currency doubts China sells US bonds to ’show concern’ BRICs May Buy Each Other’s Bonds in Shift From Dollar China’s holding of US bonds drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter wiped out $1.3 trillion for Americans Get Ready for Inflation and Higher Interest Rates Oil prices near $73 as energy rally continues Fed Would Be Shut Down If It Were Audited Fed says economy weak, but sees signs the slide increasing Mounting deficits spark jitters about U.S. economy Wall Street falls as realities dent recovery hopes Bonds fall on worries about government's debt load (AP) Oil prices strike new high for 2009 (AP) The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Venture Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox guarding the henhouse tricks Federal Reserve unwisely to gain power under plan Federal Reserve Foolishly To Be Given Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold Gains RUSSIA CHALLENGES WORTHLESS DOLLAR... AIG says former top exec plundered retirement plan [video] The Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve? (at The Wall Street Journal Online) Buy and Hold Is Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps Zombie Banks Alive Bernanke then as now in denial about looming crisis 2005-2007 Retail sales, drop in jobless claims to a very high even if believed 601,000 yielding record continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers blast Fed, Treasury for BofA "threats" Oil climbs over $73 on hopes for rising demand U.S. Household Worth Fell by $1.3 Trillion in First Quarter Predictions of $250 a barrel on oil ECB Fears Reality of Banking Crisis in 2010: Report Get Ready for Inflation and Higher Interest Rates Bill To Audit Federal Reserve Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-16-09, SECULAR BEAR MARKET AND ONLY MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., analysts concur in significant 5-15% pullback/correction for stocks, institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc, new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-15-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO FINISH WELL OFF THE LOWS WITH MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s., new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-11,12-09, HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] , 300 - 1,000+ % SWING TO THE UPSIDE INTO THE CLOSE IN THIS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 Treasury faces pressure on price of TARP exit A depression so deep even teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter wiped out $1.3 trillion for Americans Get Ready for Inflation and Higher Interest Rates Oil prices near $73 as energy rally continues Fed Would Be Shut Down If It Were Audited Fed says economy weak, but sees signs the slide increasing Mounting deficits spark jitters about U.S. economy Wall Street falls as realities dent recovery hopes Bonds fall on worries about government's debt load (AP) Oil prices strike new high for 2009 (AP) The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Venture Capital Bubble Set to Burst, Kedrosky Says Buy and Hold Is Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps Zombie Banks Alive Bernanke then as now in denial about looming crisis 2005-2007 Retail sales, drop in jobless claims to a very high even if believed 601,000 yielding record continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers blast Fed, Treasury for BofA "threats" Oil climbs over $73 on hopes for rising demand U.S. Household Worth Fell by $1.3 Trillion in First Quarter Predictions of $250 a barrel on oil ECB Fears Reality of Banking Crisis in 2010: Report Get Ready for Inflation and Higher Interest Rates Bill To Audit Federal Reserve Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-10-09, MODEST LOSSES WITH SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 Fed Would Be Shut Down If It Were Audited Fed says economy weak, but sees signs the slide increasing Mounting deficits spark jitters about U.S. economy Wall Street falls as realities dent recovery hopes Bonds fall on worries about government's debt load (AP) Oil prices strike new high for 2009 (AP) The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Get Ready for Inflation and Higher Interest Rates Bill To Audit Federal Reserve Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-8,9-09, INFLATIONARY DEPRESSION IS THE CALL EVEN AS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY CONTINUES TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-5-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-5-09, FAKE GOVERNMENT JOBS REPORT FUELS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-4-09, SHORT-COVERING/SUCKERS RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports slightly better than private estimates…riiiiight! Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-3-09, ONLY MODEST LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

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”

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."

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."

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."

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…’

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 ST 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 ST! …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number… riiiiight! …as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top….. Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…David Tice: S&P 500 To Plunge to 325 `Housing Starts Fall Sharply...` Sony Ericsson posts Q1 loss, plans more cost cuts Wall Street loses 3,100 jobs in March … Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Toshiba expects bigger loss, contract job cuts Sony Ericsson posts loss, to cut 2,000 jobs Treasury Stress Test Won't Add Clarity or Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha) `Questions linger over Tarp funding...` `MAJOR MALL OPERATOR FILES FOR BANKRUPTCY...` JPMorgan and Goldman trading profits unlikely to last Reuters The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short Ron Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks

PREVIOUS (4-14-09), Suckers’ rally into the close to keep the suckers’ suckered on bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Retail sales down –1.1%. ‘…The downward push came as financial stocks fell out of favor and disappointing retail sales data led some to second guess the prospects of retailers. Financial stocks weighed on the broader market for the entire session and finished with a 7.7% loss. The sector's weakness was widespread, but investment banks and brokerages (-10.7%) suffered some of the steepest declines after Goldman Sachs (GS 115.92, -14.23) announced a $5 billion common equity offering that was discounted from the prior session's closing price. The offering will also prove dilutive to existing shareholders…’ Jim Rogers Says Investors Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number…riiiiight!…as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top….. Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short Goldman Sachs Q1: Pay Up, People Down Dealbreaker Afterdark: Fannie Mae CEO To Head Bailout Nation UBS cuts 8,700 more jobs Let's Keep Big Banks from Ruining America Forever (at Seeking Alpha) China's ICBC now world's largest bank by deposits (at MarketWatch) UBS faces $1.8 billion loss, will cut almost 9,000 more jobs World Economy Falling Faster Than in 1929-1930 The Geithner-Summers Plan is Even Worse Than Thought Author who predicted crisis sees hyperinflation ahead

PREVIOUS (4-13-09), ’ Jim Rogers Says Investors Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number…riiiiight!…as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top….. Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup China Slows Purchases of U.S. and Other Bonds Goldman Sachs hires law firm to shut blogger’s site for pointing to truth about the fraud firm e Singapore economy shrinks sharply more than expected WELLS FARGO 'May Need $50 Billion to Pay Feds, Cover Loan Losses'... Reporters threatened with arrest for filming private Federal Reserve building SURGE IN DELINQUENT TAXPAYERS; WASHINGTON VOWS SYMPATHY Warren Buffett's electric car venture; CEO drinks 'battery fluid'... Goldman Sachs mulls dilutive worthless stock sale to repay TARP money with other TARP money: now you know where the fed trillions in part are going: report GOLDMAN SACHS announces $5B public stock offering, reports $1.8B quarterly profit... Bailed-Out Banks Face Probe over Fees: Report You Know Things Are Bad When Even Newsweek Is Slamming the Obama Administration for Caving in to the Financial Status Quo Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short World Economy Falling Faster Than in 1929-1930 The Geithner-Summers Plan is Even Worse Than Thought Author who predicted crisis sees hyperinflation ahead

PREVIOUS (4-9-09), suckers’ bear market rally into the close on bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! LATE-BREAKING BULL S**T STORY FOISTED AS B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! WHAT TOTAL BULL S**T! U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number…riiiiight!…as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short World Economy Falling Faster Than in 1929-1930 The Geithner-Summers Plan is Even Worse Than Thought Market bear Roubini sticks to dour forecasts U.S. Treasury asking banks keep quiet on stress tests Boeing warns on Q1 profit, to cut plane output Wall Street sets 5th weekly gain on banks, Boeing off late U.S. Squeezes Auto Creditors (at The Wall Street Journal Online) Nikkei comes off 9,000, as banks hit by SMFG news Obama seeks $83.4 billion more in 2009 war funds Bank of Japan likely to cut economic outlook in next report Author who predicted crisis sees hyperinflation ahead

PREVIOUS (4-8-09), suckers’ bear market rally into the close on worse than expected bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! LATE-BREAKING BULL S**T STORY FOR B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT TO TAX! WHAT FRAUDS! WHAT TOTAL BULL S**T! Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short World Economy Falling Faster Than in 1929-1930 [$$] Little Optimism From FOMC Fed sees no economic recovery until next year and then next year and year after that and next year Moody's strips Berkshire Hathaway of top rating Danger lurks behind banks' results Reality of worsening depression drove Fed action [$$] Morgan Stanley to Post a Loss From Volatile, Complex Bonds (at The Wall Street Journal Online) Bank Earnings Will Be Hit by Consumer Woes (at TheStreet.com) Financial Crisis ‘Far From Over,’ Panel Says A Bear in Bull's Clothing: Why This Rally Will Fall Short The Geithner-Summers Plan is Even Worse Than Thought SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS (4-7-09), 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.

Watchdogs: Treasury won't disclose bank bailout details.(I think it’s obvious they’re covering up the substantial securities fraud, using taxpayer money to do so, as yet there’s not even one prosecution which makes the government complicit, after the fact, in consummating the fraud) ...

PREVIOUS (4-2-09), suckers’ bear market rally based upon decisively bad news (26 Year High as New US jobless claims hit 669,000 in week , except for fake government reports by corrupt scandal-scarred commerce department on manufacturing/index up 1.8% though almost all private forecasts saw decline, etc.), in addition to funny money the frauds on wall street applauded the funny assets courtesy of f.a.s.b. (there are no accounting standards in the u.s.), which makes for wall street style securities fraud as now and in the past (fed also pumped in another $23 billion in last 3 days to fuel same, despite earnings going down and stock prices soaring with stratospherically high p/e ratios). Analyst/fund manager Najarian ‘taking a lot off the table’ (selling), while Analyst/fund manager Farr/Miller who called this bear market rally see’s test of the lows, so if you don’t celebrate All Fools’ Day (you’re not a fool) you’ll continue to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! New US jobless claims hit 669,000 in week WASHPOST: Before Crisis, Geithner Fell Short; He regulated banks... Outstanding Credit Default Swaps Down to “Only” About Twice America’s GDP Layoffs rise despite hope recession is easing (AP) G-20 to give $1 trillion to IMF, World Bank UN chief says crisis could result in failed states Tax dodgers multiply as underground economy cushions job cuts The Wall Street Journal Criticizes Capitol Hill Bonuses (and don’t forget the raises) (at Seeking Alpha) Inflationary Depression Dr. Marc Faber runs his own business, Marc Faber Limited, which acts as an investment advisor and fund manager. He publishes a widely read monthly investment newsletters The Gloom Boom & Doom report which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world.

PREVIOUS (4-1-09), suckers’ bear market rally into the close with 250 point swing to the upside based on decisively bad news and bull s**t alone, viz., better than dismal expectations…I don’t think so! …That dog don’t hunt no more…remember the last market burn and that similar refrain among others, and the ever indecipherable to most, that infamous tech sector will save us (bust)…riiiiight! Oh wait, I get it. April Fools Day, as in ‘fool you once, shame on them, fool you twice, thrice, etc., …shame on you’. How ‘bout all fools day. U.S. private sector axes 742,000 jobs in March March auto sales plunge... U.S. seen facing danger of 2nd recession next year or stated another more realistic way, the depression though flush with ever more worthless weimar dollars providing ephemeral b.s. talking points of happy days are here again will be exacerbated thereby and continue with a vengeance r So, SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

AIG crisis could be the tip of an insurance iceberg U.S. Spending 100% of GDP on Bailouts and Related Programs Watchdogs: Treasury won't disclose bank bailout details.(I think it’s obvious they’re covering up the substantial securities fraud, using taxpayer money to do so, as yet there’s not even one prosecution which makes the government complicit, after the fact, in consummating the fraud) ... U.S. private sector axes 742,000 jobs in March March auto sales plunge... U.S. seen facing danger of 2nd recession next year or stated another more realistic way, the depression though flush with ever more worthless weimar dollars providing ephemeral b.s. talking points of happy days are here again will be exacerbated thereby and continue with a vengeance r Financial Rescue Nears GDP as Pledges Top $12.8 Trillion U.S. auto sales plunge, but bottom not yet near "Hurt, Frightened and Very Angry:" Risk of Social Unrest Rising, Says FT's Martin Wolf [$$] Accounting Rules Should Avoid Impairment (at The Wall Street Journal Online) Nightmare on Wall Street Destination Collapse Foreclosure Crisis Hits Warp Speed: 6 Million Families Face Losing Their Homes in the Next Three Years

PREVIOUS (3-31-09), suckers’ bear market rally continues to keep suckers suckered and commission dollars flowing by window-dressing this past month (and quarter) with gains based on bad news and hence bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market Rally All news decisively negative with prospectively negative implications as the jawboners/frauds talk up that ever elusive bottom for stocks/real estate despite reality indicating otherwise [have you noticed the wide divergence of private reports (though somewhat skewed to the upside because of flawed/fake data they must rely upon from the government) as opposed to false government reports]. Confidence near historically record lows and Case/Shiller index showing declining real estate values (-19.4%) Home Prices in 20 U.S. Cities Fell by a Record 19% with declines at highest rate on record Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market Rally An Autopsy of the Glass-Steagall Act U.S. Spending 100% of GDP on Bailouts and Related Programs TARP Watchdog: “We Do Not Seem To Be A Priority For The Treasury Department” NEWS BROKE: SUN-TIMES Files For Bankruptcy, Both Major Chicago Dailies Now In Chapter 11... Ontario, CA, Tent City Residents Required to Wear Wristbands Government website now offers ’suicide warning signs’ for victims of recession .

PREVIOUS (3-30-09), Art Hogan recently summed up choosing stocks in this environment thusly: ‘pick the best-looking horse at the glue factory’…..I think he was as a courtesy to his industry overly generous. The administration pitches hardballs to the auto industry while continuing to pitch powder puffs to the wall street frauds who have perpetrated the largest (securities) fraud in recorded history, turning a cyclical downturn into what is now unavoidably depression, putting beleagered taxpayers in the unfathomable position of funders/guarantors of the scam/fraud in bailing out the perpetrators of the crimes (bush’s infamous base) who have financially benefited enormously (fees, commissions, spreads, points, salaries, expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though disgorgement, the legal remedy among other criminal penalties, would aid the defacto bankrupt u.s. treasury! Obama's tough auto stance may include bankruptcy Wall Street hits the brakes on autos, bank woes Workers say Obama treated autos worse than Wall St (AP) UBS shares fall as writedowns, job cuts expected (AP) Obama puts GM, Chrysler on short leash Stocks fall as automaker plans are rejected Russia backs return to Gold Standard to solve financial crisis Looting by U.S. Government at All-Time Highs White House to let Chrysler fail US Banks Operate Without Reserve Requirements GM, Peugeot CEOs forced out as auto woes deepen Geithner won't say if more bailout money needed AIG delays funds to some real-estate ventures: report Asian stocks tumble on auto, bank concerns (AP) UBS shares fall as more writedowns, job cuts seen (Reuters) GM, Chrysler have no 'viable' plans: US task force Pension insurer shifted to stocks to froth the fraudulent market Boston Globe | Just months before the start of last year’s stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks to froth the frudulent market at behest of frauds on wall street.

PREVIOUS (3-27-09), very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Sugar coated though still bad numbers, usual suspects/concerns cited, ie., bankruptcies on rise, omni 22nd bank to fail this year, printing hyperinflationary funny money like mad, etc. (don’t forget, as now, in 2008 they predicted improvement in second half and no recession though we now know we were already in recession and now depression). Nobel Laureate Dr. Joseph Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People” Ninth Georgia bank collapses (at Atlanta Journal Constitution - 22nd this year) Economy shrinks most in 25 years; Unemployment continues climb Roubini Says Stocks Will Drop, Government Will Nationalize More Banks... Ron Paul Predicts 15-year Depression The Credit Bust Is Not Almost Over (at Seeking Alpha) Top bank regulator placed on leave pending review (AP) PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+... On PPIP and Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve Currency? UN PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is 'Radical'... The Bubble That Must Burst

PREVIOUS (3-26-09), all news decisively bad, viz., continuing unemployment claims at new record high 5.56 million, new unemployment claims at very bad 653,000, economic contraction a worse than previously reported –6.3%, corporate profits down and at worst levels in decades, J.D. Power and Associates reports auto sales decline of a whopping –40%, Economy shrinks most in 25 years; Unemployment continues climb Roubini Says Stocks Will Drop, Government Will Nationalize More Banks... Ron Paul Predicts 15-year Depression , yet suckers’ bear market rally to keep those suckers suckered so take this folly as a great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Credit Bust Is Not Almost Over (at Seeking Alpha) Top bank regulator placed on leave pending review (AP) PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+... On PPIP and Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve Currency? UN PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is 'Radical'... The Bubble That Must Burst

PREVIOUS (3-25-09), The corrupt, scandal-scarred commerce department notorious for institutionalized lying comes out with numbers three times/300% better than private forecasts for now into the third week in a row for such very forecastable data as used home sales, new home sales, and durable goods (mostly government/military with funny at that) in an attempt to froth that font of fraud called the american stock market/wall street which is how this financial/economic crisis came to be, with the parasitic churn-and-earn commisioning on the way up (and then down) based on bull s**t alone. Still not one prosecution of that huge collateralized securities fraud for which disgorgement would constitute substantial contribution to treasury as opposed to the just announced diversion to small potatoes (like madoff, which should be pursued but not a priority to the multi-trillion dollar collateralized securities fraud, etc.), viz., the sub-prime mortgage origination fraud (encouraged by actions of fed and government), etc.. With 80% debt-to-GDP ratio, the u.s. is now the leader of banana republic nations. Nobel Laureate Dr. Joseph Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People” IBM to cut 5,000 jobs in U.S. Wall St. rallies late as data offsets bond sale gloom [$$] Government-Debt Auctions Disappoint as Demand Subsides (at The Wall Street Journal Online) Asian Shares Mostly Lower, Mkts Overcooked; Nikkei Down 0.7% CDS ‘Godfather’ Says Blow ‘Em All Up’ Obama Denounces Global Currency While Creating The Very Means For Its Introduction Code Pink and Barney’s Bailout Circus One Small Problem With Geithner’s Plan: It Will Bankrupt The Banks White House to Hunt for New Tax Revenues Bank Of England warns Gordon Brown to stop the spending U.K. Bond Auction Fails for First Time Since 2002 Obama’s Economic Plan a “Road to Hell” Associated Press | The president of the European Union on Wednesday slammed U.S. plans to spend its way out of recession as “a road to hell.”

PREVIOUS (3-24-09): Modest losses relative to an increasingly grim reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

ETF Death Watch: Why Are Funds Closing? The financial crisis isn’t just shrinking portfolios and profits. It’s also putting exchange-traded funds and notes out of business. According to State Street, 58 exchange-traded products closed last year and another 30 or so from companies like SPA, Credit Suisse and Northern Trust have stopped trading the last three months. With more on the way, the liquidation process is shaping up to be a prominent trend for investors to watch in 2009.
Geithner Plan Will Rob US Taxpayers: Stiglitz The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.
Geithner Grilled on Goldman Sachs Connections David Edwards | Geithner told Waters that Goldman Sachs could help manage the new program to help banks remove toxic assets from their books. Haven’t goldman and goldman people done enough damage? Their abilities and competence are vastly overrated and overstated. Be Gentle with the Bankers? No, Indict Them for Fraud/High Treason

U.S. woos investors to buy toxic assets Falling Japan land prices stir deflation worries China Telecom's annual profit plunges 96% on write-down Japan automakers' sales tumble in February China Urges New Money Reserve to Replace Dollar The Fed Did Indeed Cause the Housing Bubble China Voices Support For New Global Currency To Replace Dollar

US unveils public-private plan for toxic assets

Donating for dollars? Many bailed-out banks still contributing to campaign funds The federal bank bailouts may be giving new meaning to the term “kickback.” JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar YouTube Caught Censoring Obama Deception Video The Fed Did Indeed Cause the Housing Bubble

What the Pros Say: US Is Now ‘Bankrupt’ US Federal Reserve announces massive increase in government debt U.S. Budget Office offers darker economic and deficit outlook [$$] Market Overbought and Overbelieved Auditors project deeper deficits for Obama budget Rothschild: Economic crisis will leave governments with “enormous public debt” The Fed Did It, and Greenspan Should Admit It

Launching Lifeboats Before the Ship Sinks Paul Craig Roberts | If the US government is forced to print money to cover the high costs of its wars and bailouts, things could fall apart very quickly.

US Federal Reserve announces massive increase in government debt Barry Grey | The essence of all of the measures taken in response to the crisis is an effort to rescue the system and protect the wealth and power of the financial elite at the expense of the broad masses of the population.

Tax Time Covert Ops Catherine Austin Fitts | Hate. Divide and conquer. It’s a business. The media is pushing it. The people directing it are the same people who brought you the AIG bonuses.

PREVIOUS (3-23-09): So preposterous was today’s Pavlov dogs rally [conditioning to associate what’s good for fraudulent wall street, viz., privatizing profits – still not one prosecution for what now is the largest fraud/scam/swindle in the history of this planet – and socializing the losses, is somehow positive for america/the economy by the magnitude of this suckers’ bear market rally and prior market manipulations] when the same created the instant crisis in the first instance (don’t worry about the frauds on wall street, they’ll get their commissions again on the way down as they did in creating this financial debacle/fraud as they clamor for more taxpayer/treasury money). They’re still printing/creating those worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don’t know what they’re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt: Analyst U.S. Budget Office offers darker economic and deficit outlook The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar

We’re skeptical largely because the rally this month has drawn power primarily from a new round of hope that Washington’s various experiments to right the economy will finally hit pay dirt. Perhaps, but it’s not the stuff that powers sustainable rallies, much less secular bull markets.

I’M A SELLER OF THIS RALLY AT THIS POINT…..

PREVIOUS (3-20-09), Modest losses relative to reality and their printing those worthless Weimar dollars like mad, don’t know what they’re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt: Analyst U.S. Budget Office offers darker economic and deficit outlook The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar

PREVIOUS (3-19-09), ‘…Economic news remains uninspiring. Weekly initial claims dipped 12,000 to 646,000, which was better than the consensus estimate of 655,000. Continuing claims hit another record high, though, jumping to 5.47 million from 5.29 million. Leading indicators for February showed a 0.4% decline, which wasn't as bad as the 0.6% decline that was expected… Energy stocks (+1.4%) and materials stocks (+1.4%) were helped by stronger commodity prices. The CRB Commodity Index climbed more than 5% in this year's largest single-session advance by percent. Crude oil futures prices gained 6.5% to close pit trading at $51.25 per barrel, while gold prices advanced 7.8% to close at $958.50 per ounce. Underpinning the strength in commodity prices was a considerably weaker U.S. dollar. According to the Dollar Index, the greenback sank 1.7% this session, and more than 4% during the last two sessions. The dollar's weakness follows the Fed's latest policy directive…’

US is Already Bankrupt: Analyst The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar Corporate Media Disses Gold Citigroup May Spend $10 Million for Executive Suite It’s Not Just AIG: Fannie Plans Exec Bonuses Gold Re-Couples with Euro, “Dollar Getting Destroyed” House passes tax to recoup most of AIG bonuses ($200 million); what about the $14 trillion in fraudulent bailouts and the missing $4 trillion at the New York fed… s Bank of America involved in Merrill Q4 writedowns: report Put/Call Ratio Indicates Overbought Market Condition SUPER PUMP: $1 TRILLION CREATED OUT OF THIN AIR... Oil Nears $52; Hits high for 2009...

PREVIOUS (3-18-09), absolute desperation by the fed as fed in panic mode buys bonds with even more fake money (ultimately you pay). Shot in the dark, they unequivocally do not know what they’re doing; don’t have even the slightest clue. Some well deserved guilt as greenspan, bernanke, paulson, geithner, etc., are authors of this debacle with compliant politics as usual facilitating same (wall street/hedge fund gamblers shouldn’t be bailed out, etc.), but the divergence of so-called opinion from stagflation to applauding same in light of fraudulent stock market up-tick (isn’t that how we got here, to this financial/economic disaster).

Depression Unrest Turmoil Instability Riots all coming and SOON As depression deepens, more americans go fishing (Reuters) It’s Not Just AIG: Fannie Plans Exec Bonuses Stimulus plan: Spend now, details later (promise) Dollar Plunges After Fed Announcement Senate quietly stripped measure restricting bonuses from bailout legislation Hedge funds could reap billions from AIG which should not reward soured bets/gambles with taxpayer funds as now slated. Citi, Morgan Stanley Looking to Issue More Diluting Shares for Bonus Payments (at Seeking Alpha) Editorials: Rewards instead of punishments

PREVIOUS (3-17-09), all private forecasts of the very forecastable housing starts defied the false report of the corrupt, scandal-scarred commerce department (remember the fake reports that spurred recent ralleys which ultimately burned the buyers) spurred suckers’ bear market ralley so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

Dent, Napier, and Prechter - Wise to Heed Their Predictions Is Mistrust in Wall Street Pointing to New Lows? RECORD: NATIONAL DEBT HITS $11 TRILLION... The Size of Derivatives Bubble = $190K Per Person on Planet Washington knew AIG was preparing to pay bonuses (AP) U.S. to claw back AIG bonuses, lawmakers eye tax House committee scrutinizes Merrill bonuses Bad year or good, fraud or just preparing for fraud with wall street, AIG employees got big bonuses (AP) Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money World Bank cuts China GDP estimate again, to 6.5% Obama Confronts “Populist Anger” Over Bankster Giveaways IMF poised to print billions of dollars Jim Rogers Expects Civil Unrest in the US and all around the World

PREVIOUS 3-16-09, Very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ‘…February industrial production declined 1.4%, which is essentially in-line with the consensus 1.3% decline. Capacity utilization dipped to 70.9% from 71.9%, as generally expected. The February report continues to reflect a weak demand environment that will ultimately drag on GDP...’’… The nation's industrial output fell for the fourth straight month in February, with factories operating at their lowest level in six decades of record keeping. Analysts forecast more production cuts to come as companies are battered by recessions at home and abroad. The Federal Reserve reported Monday that industrial output dropped by 1.4 percent last month, slightly larger than the 1.2 percent decline economists had expected. The weakness included a 0.7 percent fall in manufacturing output, which pushed the operating rate at the nation's factories down to 67.4 percent of capacity last month, the lowest level on records that go back to 1948…’

Treasury to rework AIG aid to recoup bonuses AIG massive payments to banks stoke bailout rage Hearst prints final Seattle PI Hearst hopes Web-only Seattle P-I will turn profit AIG Bonuses Add to Reality of Public Revolt against Wall Street, Federal Reserve Bracing for a Bailout Backlash Dollar Crisis In The Making Think recession’s bad? Try a cataclysm! Insurance giant AIG to pay $165 million in bonuses (AP) AP - American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars. AIG plans to disclose CDS counterparties: source Chrysler faces July cash crunch even with more aid Accounting Rule Changes Creating False Rally in Financials (at Seeking Alpha) Cash-hungry U.S. states turn to Web to auction goods Bernanke: recession could end in '09 and if his grandmother had wheels she could be a trolley car and as he previously said we could avoid recession though we were already in one which is now a depression with worse yet to come and most assuredly will not end in 2009 except in the b.s. talking points in their dreams (AP) Millions in AIG bonuses draw chorus of outrage (AP) AIG payments to banks stoke bailout rage White House says economy is sound despite 'mess’ or stated another way, a sound mess…..riiiiight!'

AIG Bonuses Add to Reality of Public Revolt against Wall Street, Federal Reserve Mike Adams | People will be marching in the streets, demanding the arrest of all the rich executives and corrupt bureaucrats who took part in this massive financial theft.

PREVIOUS 3-13-09, Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds on wall street Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do. Unemployment in 7 States Has Exceeded 20% in February China Debates If It Should Continue to Foolish Buy Evermore Worthless U.S. Treasuries America faces new Depression misery as financial crisis worsens Tent Cities, Unemployment, Homelessness Growing Dmitry Orlov: “America will collapse” Warren Buffett's BERKSHIRE HATHAWAY stripped of its 'AAA' credit rating... THE INFLUENCE/BRIBE/PROTECTION RACKET: New record for number of PACs

PREVIOUS (3-12-09), the waning full moon still compounding the frivolity of the criminally insane; particularly the lunatic frauds on wall street, and truth be told, the lunatics who follow in lock-step behind them. Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! There are no bulls or bears on fraudulent wall street, just ostriches. One senile land of fruits and nuts analyst/ broker / master planner of the lost angeles failed paradigm quips with glee: it’s impressive to see the market ignore so much bad news and rally…riiiiight! Ron Paul, A Rare Voice of Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted, and Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions as Recovered (Their greed and fraud has further bankrupted this country and damaged other nations and recoupment of their fraudulent gains must be required as the law already provides since taxpayers are bearing the brunt of government inaction. What they did is not ok. They must pay. This is not difficult to grasp and must be done or there is no hope prospectively for america since all will know of this government fostered/complicit fraud). ‘…Better-than-expected (but typically fake as per scandal scarred commerce department) retail sales data suggested consumers haven't completely rolled over. February retail sales declined just 0.1%, which is better than the 0.5% decline that was expected. Excluding autos, retail sales increased 0.7%. A decline of 0.1% was expected. Meanwhile, January total sales and sales less autos were revised to show an even larger increase. The upbeat retail sales data comes in the face of ongoing consumer headwinds, such as mounting job losses. Weekly initial claims climbed 9,000 to 654,000, which was worse than expected. Continuing claims jumped nearly 200,000 to 5.32 million, which was also worse than expected (new record). In other economic news, February business inventories declined 1.1%, which is essentially in-line with the consensus estimate...’
’…This week's rally got an extra dose of adrenaline after an accounting board told Congress Thursday it may recommend (more fraud as we’re currently experiencing by way of ) a let-up in financial reporting rules for troubled banks in three weeks… Fed reports record fall in household net worth WASHINGTON (AP) -- The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year…The Federal Reserve said Thursday that household net worth dropped by a record 9 percent from the level in the third quarter. The decline was the sixth straight quarterly drop in net worth and underscored the battering that U.S. families are undergoing in the midst of a steep recession with unemployment surging and the value of their homes and investments plunging. Net worth represents total assets such as homes and checking accounts minus liabilities like mortgages and credit card debt. Jobless claims rise as retail sales slip WASHINGTON (AP) -- With layoffs spreading, the number of initial claims for jobless benefits rose last week, while the total number of people continuing to receive benefits set a record high, the government said Thursday. The Labor Department reported that first-time requests for unemployment insurance rose to 654,000 from the previous week's upwardly revised figure of 645,000, above analysts' expectations. The number of people receiving benefits for more than a week increased by 193,000 to 5.3 million, the most on records dating back to 1967. That's the sixth time in the past seven weeks that the jobless claims rolls have set a record high…’

Ron Paul, A Rare Voice of Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted, and Forced Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions as Recovered - Compared to them, madoff was a mere piker Citigroup Inspired Bear Market Suckers’ Rally Unemployment in 7 States May Have Exceeded 20% in February 45 percent of world’s wealth destroyed: Blackstone CEO Madoff jailed after pleading guilty to $50-65 billion fraud and telling court: ‘I am deeply sorry and ashamed of my crimes’ Newmont CEO sees gold in range of $1,200 House prices to drop another 55% and leave Britain bankrupt Madoff sent to jail as furious victims applaud (AP) Madoff pleads guilty, is jailed for $65 billion fraud Don't Sweat Hypernflation Just Yet: Deflation/Depression "In the Cards" for 2009 and Beyond, Shilling Says More on Roubini and Shiller's Dour Outlook Pelosi dodges chance to end automatic pay raises Ron Paul: Culprits Of Financial Collapse Should Be Arrested SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS (3-11-09), Analyst chatter: Not through the worst of it, the worst (of depression) still ahead, investing in this market is like trying to catch a falling knife. Foreclosures up and spreading as unemployment also rises and will continue to rise. Freddy lost another $50 billion and wants another $31 billion, while Fanny lost another $60 billion and wants another $15 billion. Hillary Kramer says trading only, in-and-out, so if you can’t, don’t jump into market to try and catch the falling knife. Dividend cuts for 2009 have already surpassed that for all of 2008 at $46.8 billion.

53% of Americans (and Senator Specter) Think the U.S. Depression is Like the 1930’s This is a Depression! For Markets, What they call it does Not Matter Billionaire Stanford to take the 5th in fraud case (AP) Madoff mysteries remain as he nears guilty plea Merrill misled Congress on bonuses o Freddie Mac seeks $30.8B in US aid after 4Q loss Earnings Growth Estimates: The Bad, the Bad and the Ugly Japan's economy shrinks an annualized 12.1% in the fourth quarter Dell Cuts Staff Worldwide Last year REITs lost 38% - that's a bit worse than the S&P 500 Credit card delinquencies hit index record Thousands Line Up at Indiana Mall for Food Handouts The Fed Has Destroyed Your Retirement SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS (3-10-09), yes, indeed, a rally with power of a speeding locomotive based on….. b.s. talk point with early release of CITI showing a profit [not counting more writedowns, bad/worthless assets(loans)/securities, expenses, etc.] of $8 billion with receipt of $45 billion (plus loans/guarantees/investments in excess of $100 billion) taxpayer bailout … WOW!…at this rate the treasury will deplete even faster than originally projected. But the math is so simple that elementary school kids with a handle on third grade arithmetic can accomplish the same and hence, can and should replace top management at a much lower price and without delay. ‘…bernanke says regulatory overhaul needed…WASHINGTON (AP) -- The nation's financial rule book must be rewritten to prevent a repeat of the global economic crisis now gripping the United States and other countries, Federal Reserve Chairman Ben Bernanke said Tuesday…Bernanke offered new details on how to bolster mutual funds and a program that insures bank deposits. He also stressed the need for regulators to make sure financial companies have a sufficient capital cushion against potential losses…The Fed chief's remarks come as the Obama administration and Congress are crafting their overhaul strategies. For the administration, critical work will be carried out among global finance officials this weekend in London ahead of next month's meeting of leaders from the world's 20 major economic powers…Madoff's lawyer says client will plead guilty …NEW YORK (AP) -- In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead guilty Thursday to securities fraud, perjury and other crimes, knowing that he could face up to 150 years in prison for one of the largest frauds in history…’ ‘…All three major indices registered fresh multiyear closing lows in the prior session, but came rallying back this session to log their best single-session performance by percent in months. The rebound came after Citigroup issued an encouraging update and reports indicated the uptick rule may be reinstated… Rep. Frank stated mark-to-market accounting rules must be improved, but Senator Shelby says any mark-to-market accounting changes should be made by the SEC. The SEC stated it will not seek to suspend such rules (since such would make valuations a fraud)... The stock market's advance was further helped by short-covering. Still, trading volume on the NYSE climbed above 2 billion shares…’

Cost to buy protection against U.S. government default surges Good News! Economist Sees GDP Down 7% in Q1 and 9.25% Unemployment in 2010 Madoff faces life in prison on 11 criminal charges Citi's fake profit view, uptick talk drive big rally Roubini: Depression Could Last beyond 36 Months; Dow at 5000... United Tech to cut 11,600 jobs Why Commodities Prices May Rise, Even In Deflation IMF warns of Great Depression, All Nations at risk Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota 53% Say It’s Likely the U.S. Will Enter a Depression Similar to 1930’s even though we’re already in one worse than the 1930’s Washington plans for big bank failure SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS (3-9-09), …‘Despite a rebound by financial stocks and a batch of merger news, the stock market was unable to put together a sustainable advance. Stocks finished with a broad-based loss, a bit above session lows. Uncertainty in foreign indices fueled early losses in the headline indices. Financials were the focal point of the weakness, falling to a loss of 2.2%. The drop was short-lived, though. Financials rallied to a gain of 5.3%, but finished with a gain of 2.5%’… …’ Wall Street fell more than 1 percent Monday as uneasiness about the economy eclipsed a bounce in troubled financial stocks and news of a big drug company merger. Stocks rose in the early going but turned lower in a now familiar pattern where short-lived bursts of optimism give way to concerns about the country's economic woes’ (in the real world they call that mental illness, lunacy –note the full moon, manic depression/bipolar disorder, etc., or just plain fraudulent wall street )’
World Bank offers dire forecast for world economy Depression Dynamic Ensues as Markets Revisit 1930s Global Financial Assets Lost $50 Trillion Last Year SEC says money manager invented big accounts Who got AIG's bailout billions? ‘The collapse of America is unavoidable’ Regulators seize seventh bank in Georgia... Kerry: 'Animal House' Party Days Are Over for u.s. government... Bank stocks rally despite their insolvency (AP) Too big to fail? 5 biggest banks are 'dead men walking' (McClatchy Newspapers) [video] Next Dead Dividend (at TheStreet.com) Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota Too Big Has Failed: KC Fed Prez Says We Need Temporary Nationalization (at Seeking Alpha) World Bank says global economy will shrink in 2009 (AP) Recession on track to be longest in postwar period (AP) Cash In A Mattress? No, Gold In The Closet Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money

PREVIOUS (3-6-09), fudged in a manner most favorable to the frauds (we past these unemployment percentages quite some time ago and they were much worse then and still worse now, etc.), the news remains bleak and reality says even bleaker. Any economist who in discussing this depression mindlessly compares this Greatest Depression to any other contraction without pointing out crucial negative distinguishing characteristics; viz., insurmountable debt, increasingly worthless (Weimar) currency, irrevocable and unrelenting trade/budget deficits, global antipathy (stemming from illegal wars, war crimes, massive securities fraud, etc.), lack of significant manufacturing base, pervasive corruption/theft /plundering/incompetence, etc., cannot be considered a serious economist (just a joker who probably missed the call on recession/depression, etc.). …’Huge layoffs push joblessness toward double digits WASHINGTON (AP) -- Tolling grimly higher, the recession snatched more than 650,000 Americans' jobs for a record third straight month in February as unemployment climbed to a quarter-century peak of 8.1 percent and surged toward even more wrenching double digits.The human carnage from the recession, well into its second year, now stands at 4.4 million lost jobs. Some 12.5 million people are searching for work -- more than the population of the entire state of Pennsylvania. No one seems immune: The jobless rate for college graduates has hit its highest point on record, just like the rate for people lacking high school diplomas… GM shares reach 75-year low amid bankruptcy talk…’ The broader market turned in a modest gain, thanks to a late rally effort that overcame steep losses. Initial gains were broad-based as participants began buying in the wake of the February jobs report, which indicated nonfarm payrolls fell 651,000, in-line with expectations, and unemployment climbed more than expected to a 25-year high of 8.1%. Stocks were up as much as 2.4% in what resembled past trends that saw stocks sell off leading up to the monthly jobs report, but then rally in its wake as traders "bought the bad news."

Madoff expected to plead guilty to fraud charges How to Spot a Ponzi Con Artist? Follow the Yachts (Time.com) U.S. jobless rate hits 25-year high Goldman, others get AIG payouts: report US Bancorp CEO got pay package valued at $6.8M (AP) Huge layoffs push joblessness toward double digits AP source: Madoff guilty plea expected next week Stocks facing uphill battle; budget, retail sales loom $11 Trillion Wipeout: Wall Street's Year-and-a-Half of Dangerous Living Economy in 'Free-Fall': Unemployment Rate Surges to 8.1%, Highest in 25 Years GM shares reach 75-year low amid bankruptcy talk (AP) Fox Admits To Planting Political Brainwashing In Popular TV Shows Pelosi Backs Senate Facist Amendment to Censor Talk Radio Senate to Give FDIC up to $500 Billion Senator Bernie Sanders Slams Fed Boss Ben Bernanke Bailout Money - Instead of Being Used to Stabilize the Economy or Even the Bailed-Out Companies - is Just Going to Line the Pockets of the Wealthy Taxpayers Furious With Budget Cuts Take Frustration To Streets Of NYC AIG “Was Going to Bring Down Europe”: Lawmaker

PREVIOUS (3-5-09), Analyst/Economist Chatter: funny money (they’re printing worthless Weimar dollars like mad) and now they’re thinking funny assets (suspending reality based mark-to-market in favor of the failed fraudulent whatever they want so they can foist/spin/defraud which got us to this debacle); more bank takeovers; GM burning cash, bankruptcy probable; Merrill bonuses for jobs poorly done (my direct experience with Merril Lynch brokers was their total incompetence); higher taxes, higher inflation, $3 trillion new u.s. debt, dollar devaluation; more bank takeovers and far worse unemployment. “Few economists expect a turnaround in the battered labor market anytime soon with companies laying off thousands of workers weekly…Still, initial requests for unemployment benefits fell to 639,000 from the previous week's figure of 670,000, the Labor Department (fake number) said Thursday. Analysts expected a smaller drop to 650,000…Retailers report sales declines in February…GM concedes in the report filed Thursday that it's on the edge of bankruptcy and won't be able to avoid it unless it gets more government money and successfully executes a huge restructuring plan…Mortgage woes break records again in 4Q. NEW YORK (AP) -- A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and the rate for homeowners with all mortgage types hit a new record, new data Thursday showed…” “The stock market logged new multiyear lows during the session, and closed at its worst level since the fourth quarter of 1996. Roughly 95% of the companies in the S&P 500 finished with a loss...Though losses were broad-based, financials were dealt the worst blow. The sector fell 9.9% with particular weakness among diversified banks (-16.5%) and other diversified financial services companies (-13.2%). Moody's announced it is reviewing the credit ratings of Bank of America (BAC 3.17, -0.42) and Wells Fargo (WFC 8.12, -1.54) for possible downgrade. Moody's lowered its outlook for JPMorgan Chase (JPM 16.60, -2.70) to negative from stable. Sellers pushed both WFC and JPM shares to new multiyear lows…Fourth quarter nonfarm productivity declined 0.4%, though it was expected to increase 1.2% after the prior reading showed a 3.2% increase. The lower reading was a result of lower economic output in the fourth quarter. Meanwhile, fourth quarter unit labor costs increased 5.7%. Economists expected a 3.8% increase. Factory orders for January fell 1.9% (fake number), which is a less severe drop than the 3.5% decline that was widely expected. The drop in factory orders reflects the retrenchment by businesses in the wake of softer spending…” Now As The Much Greater Depression Progresses Dow and S&P hit 12-year lows Bernanke Arrogantly Refuses To Disclose Which Banks Took Money Treasury secretary's choice for deputy withdraws (only little people pay taxes so take this job and shove it says tiny tim deputy designate) (AP) 22 Georgia legislators fail to pay income taxes... GM auditors raise doubt on viability One in 8 U.S. homeowners late paying or in foreclosure Citigroup stock falls below $1 a share (AP) $$] SVG Swings to a Loss on Markdowns Hits (at The Wall Street Journal Online) Why the Fed's TALF Is Bad for America Mortgage woes break records again in 4Q (AP) Stocks Fall Below 7,000 Again Fed Refuses to Release Bank Data, Insists on Secrecy

PREVIOUS (3-4-09), all news decisively worse than expected, fed beige book outlook grim, economist outlook for recovery bleak. Celente: U.S. Has Entered “The Greatest Depression” The spin: china bailout (the frauds on wall street spinning/foolishly banking on china buying more worthless u.s. paper – their domestic needs are substantial and they’re increasing military spending by 15% as well) and high oil price suckers’ bear market/short-covering rally to again keep suckers sucked in for their commissions sake. The great red hope! How preposterous! Who would have thunk it! ‘…strong gains overseas provided an excuse for buyers to enter the fold and short-sellers to cover their positions. Foreign indices upended their own losing streak after China announced it will add approximately $586 billion to the fiscal spending plan it announced late last year… According to the Fed's Beige Book, the Fed does not expect a significant economic recovery until late 2009 or early 2010 at best (remember, they also said no recession and now we’re in a depression). Meanwhile, the ISM Services Index for February dipped to 41.6% from 42.9%, indicating continued contraction for the services sector. The consensus estimate was pegged at 41.0%. Investors and economists got a glimpse of what may be lurking in the government's February nonfarm payroll report, which is due at the end of the week. According to the latest ADP Employment Report, 697,000 jobs were lost in February. The consensus estimate called for 630,000 job losses…’ ‘…fed survey: economy deteriorated in Jan., Feb. . After a dismal start to 2009, business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest. Their pessimism was evident in the Federal Reserve's latest snapshot of business activity nationwide. It showed sharp cutbacks affecting both blue-collar jobs that once churned out construction equipment and white-collar professionals like business consultants and accountants. From factories in Cleveland to high-tech firms in Texas and California, the Fed's beige book reported widespread production declines. Services sector shrank in Feb., 5th straight month…’ U.S. private sector cuts 697,000 jobs in February FDIC’s Bair Says Insurance Fund Could Be Insolvent This Year The Never-Ending Bailout They Done Us Wrong: Spending Our Way Into Greater Depression Credit concerns pound GE shares in volatile trade China hopes, oil's jump, both negatives, end Wall St 5-day rout Warren Buffett's 'Fundamental Weakness' ETFs Suffer Outflows In February Celente: U.S. Has Entered “The Greatest Depression” The D-word: The depression has become something worse (AP) Obama Must Fire Geithner and Summers Gold Industry Officials Warn Of Depression Jim Rogers: Bailouts are destroying the US Economy Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money PREVIOUS (3-3-09), modest losses relative to reality as bad and worse than expected news just keeps on coming along with suckers bear market/short-covering rallies as here into the close to keep the suckers suckered. Defaults/delinquencies up, home/car sales down… Celente: U.S. Has Entered “The Greatest Depression” … Helicopter ben ‘bernanke indicated the near-term outlook for the economy remains weak. Economists at Goldman Sachs concur; they expect the U.S. economy will fall 7.0% in the first quarter, according to Dow Jones. Despite housing stimulus provisions, pending home sales in January declined 7.7%. The consensus estimate called for a 3.5% decline. The data reflect the effects of ongoing job losses, lost wealth, and weak consumer confidence. Similar forces continue weighing heavily on auto sales. Ford Motor (F 1.81, -0.07) reported February sales in North America fell roughly 48%, which is steeper than the 42% drop that was expected. General Motors (GM 1.99, -0.02) reported February sales sank nearly 53%, exceeding the 45% fall that was widely forecast. Separate reports indicated GM's chief operating officer said that without government funds the company's European unit would run out of cash in the second quarter. Chrysler down 44%’…
ART HOGAN SAY’S ”IT’S A TOUGH ONE”… THAT’S A TRUE STATEMENT!

Celente: U.S. Has Entered “The Greatest Depression” The D-word: The depression has become something worse (AP) Obama Must Fire Geithner and Summers Gold Industry Officials Warn Of Depression Jim Rogers: Bailouts are destroying the US Economy Gold has longest losing streak since October U.S. auto sales fall as depression deepens Blockbuster seeks debt overhaul, shares halted MGM Mirage casino co. says it may default on debt (AP) A Banana Republic By 2012? Change for the Worse Obama Calls Bush On Troop Withdrawal Plan Geithner Says U.S. Financial Rescue ‘Might Cost More’ (maybe he can locate the $4 trillion missing at the fed and use that) Pension (substantial funding shortfalls) bombs going off Pennsylvania Rep. Rohrer Introduces Tenth Amendment Resolution Previous (3-2-09), analyst chatter: one analyst said investors just can’t take (the wall street fraud/bull sh_) it anymore and sees 5,000 on the DOW (too optimistic); another says worst levels not yet seen, but markets functioning…riiiiight…, more bad economic news, dividend cuts; another says the so-called plan changinging everyday, not stimulus but at best stabilization (doomed to fail), unrealistic expectations (that’s realistic), talks funny assets/accounting (that’s what helped get us here-the fraud), a world of hurt, hope for short-covering rallies…sounds like a plan…riiiiight; another who called the crash says worst bear market in history, if priced in gold market has fallen 80% and more decline to come, says stimulus/stabilization good money after bad and recipients with worst management (fraud, etc.) should rather be allowed to fail, treasury bond/dollar bubble, u.s. stocks still overvalued so sell, precious (money) metals and overseas markets better; and finally, mainstream analyst says gold/bonds but no stocks. Dow industrials fall below 7,000; lowest since ‘97 Buffett says economy in shambles losses on derivatives contracts tied to the stock market. Banks and economy to keep bears' grip on stocks Berkshire reports a 96 percent drop in 4Q profit Chart of the Week: GDP Worse than Expected (at Seeking Alpha) Time to Bury the Markets NYSE Suspends $1 Stock Price Minimum Economics of this Depression [$$] BofA Executive Got Housing Perks (at The Wall Street Journal Online) Madoff seeks to keep NYC penthouse, $62M in assets – Typical kike/jews Dow finishes below 7,000 for first time since '97 (AP) The D-word: The depression has become something worse (AP) [$$] At Merrill, Thinning Herd of Carrion (at The Wall Street Journal Online) AIG Will Receive More Aid, Bigger Loss... NYSE Euronext chief gets 2008 pay valued at $9.2M (AP) Asian stock markets tumble on worsening US slump Sources: AIG to get up to $30B more in Fed aid Moody's lowers ratings on Citi's Japan operations (at MarketWatch) Oil falls below $44 on bleak US GDP, AIG news States' budget woes will outlast the depression israeli media denounced for insulting the Prophet Israeli minister calls for assassination of top arab leader justifying action to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice as… 8 more civilians die in US drone raid Buffett Says Economy Will Be 'Shambles' in 2009, Likely 'Well Beyond'... BERKSHIRE has worst year... Iran says USA planning 'long-term stay' in Iraq... Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses, And More... Bankers: Stop trashing us... Wall Street slides after CITI-government deal... Sets Single-Day Trading Volume... STRUGGLING STATES LOOK TO UNORTHODOX TAXES... Iran says USA planning 'long-term stay' in Iraq... Warren Buffett Speaks: His Worst Year Ever – If you listened to him recently (I warned you not to) you’re down another 20-30% since his government shill/propaganda talk (did he really give away his fortune – maybe he just decided to lose it and bring everyone with him – senile, I say yes) r A Banana Republic By 2012? Change for the Worse Previous (2-27-09), modest losses relative to reality including news much worse than expected: ‘The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into depression. The report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month which rallied stocks significantly to keep suckers suckered and commission dollars flowing. It also was considerably weaker than the 5.4 percent annualized decline economists expected’. ‘Economic data remains gloomy. Fourth quarter GDP was revised lower to reflect an annual rate of -6.2% versus a previously estimated -3.8%. The decrease in fourth quarter activity primarily reflected negative contributions from exports, personal consumption expenditures, equipment and software, and residential fixed investment’. US economy suffers sharp nosedive Economy moving in reverse faster than predicted Moody’s predicts default rate will exceed peaks hit in Great Depression Shares tumble across globe as figures reveal U.S. economy shrank 6% in last quarter - the fastest rate in 25 years Regulators close banks in Illinois, Nevada FDIC Approves ‘Emergency’ Fee on Banks to Bolster Reserves Banks and economy to keep bears' grip on stocks FDIC raising fees on banks, adds emergency fee (AP) AIG talks weigh securitizing life policies…..riiiiight!…: source BofA carries loans $44 billion above market value Citi, U.S. Reach Accord on a Third Bailout (at The Wall Street Journal Online) Tax hikes are coming -- but you already knew that Investors await Buffett letter as Berkshire hits 5-1/2 year lows Five reasons buying a home in 2009 is a bad idea Three Top Economists Agree 2009 Worst Financial Crisis/Depression Since Great Depression; Risks Increase if Right Steps are Not Taken (Business Wire) WORST MONTH SINCE 1933 Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage CIA Adds Economy To Threat Updates Fed Hides Destination Of $2 Trillion In Bailout Money We Watch Now As Funds Get Vaporized Bob Chapman | Business will go on as usual in Washington and on Wall Street — as corrupt as ever. Moody’s predicts default rate will exceed peaks hit in Great Depression A bigger proportion of non-investment grade companies will go bust in the US and overseas in the coming years than during the Great Depression, according to Moody’s, one of the world’s foremost experts on credit. US economy suffers sharp nosedive BBC | The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported. FDIC Approves ‘Emergency’ Fee on Banks to Bolster Reserves Bloomberg | The Federal Deposit Insurance Corp. will charge U.S. banks a one-time assessment and increase other fees to replenish its insurance fund, adding $27 billion in costs to an industry already hobbled by the financial crisis. Citigroup Shares Down 36% | The Treasury, which has provided a total of $45 billion to Citigroup, left the door open for the bank to seek additional government funding. Previous (2-26-09), Banks lost $26.2 billion last quarter, GM lost $10 billion past month, FDIC problem bank list grows to 252, u.s. broke but $3.5 trillion spending plan and $1.75 trillion budget deficit, etc., ‘FDIC reported that at the end of the fourth quarter its list of troubled institutions grew to 252 from 171 at the end of the third quarter. The latest data indicated January durable goods orders fell a more-than-expected 5.2%. Excluding transportation, durable goods fell 2.5%, which was also steeper than expected. January new home sales fell more than expected to an annualized rate of 309,000 units, which is a record low. Jobless claims continue to rise beyond expectations. Initial claims climbed 36,000 to 667,000 from the prior week. Continuing claims came in just below 5.03 million, up from nearly 5.00 million in the prior reading’. Americans receiving unemployment top 5 million Fannie Mae seeks $15.2B in US aid after 4Q loss $1.75T Deficit, Higher Taxes, "Bogus" Stimulus Obama’s Stimulus Bill is a Banker Contrived Debt Scam Obama’s War Machine Needs $800 Billion For 2009 A $1.75 TRILLION DEFICIT... Small Businesses To Suffer From Obama’s Tax Hike Obama’s Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011 ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage CIA Adds Economy To Threat Updates Fed Hides Destination Of $2 Trillion In Bailout Money US banks post first quarterly loss since 1990... Record Government Note Auction; Unprecedented amount of debt... More Fraud on Wall Street New York Times | WG Trading Company and Westridge Capital misappropriated funds from state and city pension funds, including Carnegie Mellon University and the University of Pittsburgh. Previous (2-25-09), suckers’ bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected into the close to finish well off more realistic lows, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Economic/trends/demographics forecaster/analyst Harry S. Dent says this Great Depression will bottom out (with no cognizable uptick till) early 2020’s, unemployment 14%-17%, 50%-60% decline in real estate values, dollar (and market) crash, etc. (close but no cigar), is realistic and starkly dismal in light of the convergance of major bubbles which are deflating. New b.s. talking point the convertible preferreds (all real analysts know to treat as converted said securities to account for dilution - and quite possibly nationalization), and then the so-called ‘stress-tests’ for banks…riiiiight!…read those flat lines. Money managers accused of $550 million fraud (Reuters) TARP Said to Be Ripe for Fraud Existing U.S. home sales, prices drop in January Gannett slashes dividend 90 pct, saving $325M ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money U.S. Consumer Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says depression to linger Housing Prices in 20 U.S. Cities Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump Ron Paul Grills Bernanke: “You Can’t Reinflate The Bubble” Stocks drop as Obama speech and housing data weigh Gold investors make 120pc return in four months Bailout Bank Blows Millions Partying in L.A. How Credit Default Swaps Brought Down the World Economy ‘Black Swan’ Author Sees Trouble Exceeding 1930s Majority Of U.S. States Join Sovereignty Movement, Assert 10th Amendment Rights New World Liberty | With the economy collapsing, it is a very real and immediate danger that the federal government can turn into a completely criminal and fascist government. Rahm Emanuel Doesn’t Pay Taxes, So Why Should You? Kurt Nimmo | Don’t expect Rahm Emanuel, Nancy Pelosi, Tim Geithner, Evan Bayh, and other minions of the elite to pay their “fair share.” After all, taxes are for the little people. Previous (2-24-09), suckers’ bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Helicopter ben, the guy who said no recession even as now we know we were already in one (actually depression) told by handlers to be upbeat (how ‘bout just beat, burnt out, etc.) delivers still dire but sugar-coated for spin/consumption testimony/b.s.. Severe contraction…as in depression; recession/depression could end by end of year/beginning of 2010 if…and if his grandmother had wheels, she’d be a trolley car. Ridiculous bull s**t that got everyone here in the first place. Analyst chatter: talk about franchise value of banks ruined if nationalized, confidence at all-time low, end of 2010 before any recovery (if at all), orderly process of deleveraging, on defense till trends more believable; another-not there yet as contrarian indicators say otherwise and bearish industry view (newsletters); another- news bad as expected but confidence reading far worse than expected, downward momentum accelerated with occasional relief rallies at best; Housing Prices in 20 U.S. Cities Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump U.S. consumer confidence collapsed this month and home values plunged in December, the latest evidence of a deepening economic slump that will last well into 2010 and beyond. Analysts: New Era Of Chaos Has Taken Hold A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos has taken hold all over the globe. Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money U.S. Consumer Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says depression to linger Get Ready for Mass Retail Closings Microsoft says no new cost cuts, shares hit 11-year low Stanford a cog in the U.S. intelligence dirty money laundering machine How the Economy was Lost Unemployment (already past 9% in reality) Will Pass 9% This Year: NABE SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous (2-23-09), even the frauds on wall street who should be prosecuted are not buying the rhetoric/b.s. which is very, very, etc., short on detail, ie., spending money the broke u.s. doesn’t have for bailouts, while cutting the deficit in half in 4 years, etc.,…..riiiiiight! What economists / analysts are saying: Zandi - rapidly eroding economy; analyst – ugly…lots of bull s**t, no specifics/details, not pretty picture, equity holders of financials wiped out prospectively; Financial Times Editor – markets at new lows, nationalize or not (defacto they’re already nationalized), AIG trading at 50 cents has received $80 billion in bailout funds and just records loss of $60 billion, dire; bank analyst – downward pressure on financials particularly as dilution taken into account, write-offs, more capital needed, securitization market down, down, down and more capital necessary for writedowns; analyst – vicious bear, no faith in government plan, dismal! . One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. Wall Street slides to 12-year low New U.S. stake in Citigroup will not calm realities/doubts AIG in talks with U.S. government, sees $60 billion loss: source Pinnacle West shares fall on earnings, outlook (AP) LaSalle Hotel shares fall on analyst outlook (AP) Harley-Davidson shares fall on sales worries / realities (AP) Major stock market indexes fall to 1997 levels and much further down to go given realities Micron Tech to cut up to 2,000 more jobs in Idaho Asian shares slump after Dow hits 1997 low (at MarketWatch) The S&P 500's Incredibly Shrinking Market Cap The more they do, the worse it gets Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money The Great “Global Crisis of Maturity” and the New World Order World Financial System In A State Of Insolvency Urban Warfare Drills Linked To Coming Economic Rage Britain faces summer of rage Get Ready for Mass Retail Closings Yahoo Finance | About 220,000 stores will close this year in America. Editorials: Rewriting rules of global finance GLOBAL MARKETS-US stocks slide as bear grips harder, oil falls BACK TO 1997... State sends $1 food stamp checks to 250,000... Obama pledges to slash deficit - after increase... Rosy assumptions... Philadelphia newspapers' owner files for bankruptcy... AIG Seeks More US Funds As Record Loss Looms... Advisers readying bankruptcy financing for automakers... BANK MESS: HSBC CONSIDERS $20B CASH CALL FROM INVESTORS... Sentiment Overview: Pessimists Increase by 18% Stocks: Horrible Start to 2008, Worse in 2009 Ex-Senate aide charged in Abramoff scandal THE FAILED INFLUENCE GAME: Stimulus still aiding K Street Swiss party wants to punish USA for UBS bank probe... Developing... Japan stocks fall after lender seeks bankruptcy (AP) Gov't reportedly mulls dilution, more obfuscation, and more money down the rabbit hole by taking larger stake in Citi (AP) RBS prepares to unveil global downsizing plan Richard Russell: Bear Market Remains in Force Summary of Global Investment Returns Yearbook 2009 The New Depression - The Lessons of the 1930s Markets May be Said to be Oversold (Again), But Decisive Rally Won’t Be Forthcoming as Much Worse and Much More Selling to Come Philly newspaper owner files for Chapter 11 (AP)

Previous (2-20-09), stocks tumbled around the world, sending the Standard & Poor’s 500 Index to its biggest weekly drop since November, on concern the deepening recession will force banks to seek more government aid. Europe’s Dow Jones Stoxx 600 Index slid to a six-year low, and Japan’s Topix Index declined to the worst level since 1984. Analysts saying impossible to predict bottom in this dismal scenario, nationalization concerns, not bottomed yet, new bear market lows. Art Hogan says greater than 50% is defacto nationalization anyway and nothing left for shareholders, pricing mechanism for toxic assets problematic along with negative capitalization ratios, new lows in offing, gold for capital preservation along with treasuries and money markets. Nader says depression. There’s no end/bottom in sight. One says 2011-2014 earliest for bottoming at best and that nationalization means politization. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Major indexes fall more than 6 percent for week The Great Depression has Arrived- Collapsing American Dreams Defacto if not dejure nationalization realities hit Citi, BofA Soros sees no bottom for world financial "collapse" Trustee: Some Madoff stock trades were fiction Morgan Stanley offers $3 billion broker bonuses, Wells none (Reuters) Gold Hits $1,000 Ron Paul: Stimulus “Waste of Money” The Inconveninent Debt Gold Tops $1,000, First Time Since March as Depression Deepens Stocks Drop Around the World; Stoxx 600 Falls to 6-Year Low Fed Hides Destination Of $2 Trillion In Bailout Money “…The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they’re once again (falsely) predicting (we’re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke’s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because…..this is a DEPRESSION! Previous (2-19-09), ‘Initial jobless claims totaled 627,000, topping the 620,000 claims that were expected. Initial claims were unchanged week-over-week, while the four-week moving average moved up to 619,000 from 608,500. Continuing claims reached record highs of 4.99 million. Economists forecast 4.81 million continuing claims. The four-week moving average for continuing claims stands at 4.84 million, up from 4.75 million. Jobless claims were a drag on the January index of leading economic indicators, which increased 0.4%, exceeding the consensus forecast of a 0.1% increase. An increase in the money supply proved to be the main driver lifting the index, but the increased money supply contributes to inflationary concerns. Producer prices, which measure inflation, increased more than expected in January. The January PPI and core PPI were up 0.8% and 0.4%, respectively.’ Philly fed manufacturing index at 18 year low. The easiest to forecast leading economic indicator was fudged to the upside, though still marginal, with said fake number substantially exceeding all private forecasts (stock prices, auto, housing, employment, etc., all down sharply in subject month…..hence, I don’t think so and fake report). Analysts saying stimulus plan not stimulative, specter of bank nationalization (banks insolvent), loss of pricing power across most all industries, and then the plethora of very bad economic/financial data with breakthrough technical bottoms, looking for violent sell-off/capitulation to provide minimal/short-lived bear market rallies, with some ephemeral opportunities among defensive stock plays, ie., whole foods (pricing power), auto parts (refurbishing old cars). One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Jobless Claims Hit Record High; Inflation Jumps Dow falls to 6-year low as banks slide Wholesale inflation takes biggest jump in 6 months Dow Closes at New Bear-Market Low Dow Theorists spot a bear Rising debt will overwhelm Obama’s effort to rescue the economy Bank debt trades at distressed levels (at FT.com) 5 million Americans drawing jobless benefits AP IMPACT: Jobless hit with bank fees on benefits (AP) FBI tracks down Texas financier in fraud case (AP) FBI finds Allen Stanford in Virginia Stanford curried influence in DC: watchdog group PC makers' shares fall on worsening demand BofA and Citi shares fall on defacto or dejure nationalization near GE shares dip to lowest since 1995 Feb. could be worst month yet for jobless claims Fitch downgrades Marriott on lodging softness (AP) Fed downgrades economic forecast for this year “…The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they’re once again (falsely) predicting (we’re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke’s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because…..this is a DEPRESSION!

Not Just a Few Bad Apples - Corruption is Systemic in America Fed downgrades economic forecast for this year Fed says US economy will get worse in 2009 Bernanke cuts growth view, considers inflation target Hundreds seek their money as Stanford fallout spreads HP cuts full year outlook (Reuters) UBS to pay $780M, open secret Swiss bank records Billionaire's bank customers denied their deposits HP profit slumps 13 pct on weak PC and ink sales [$$] Dow ends little-changed amid slew of grim news (at The Wall Street Journal Online) The Bull's Case for Buying Gold ...starts, permits plunge to new record lows SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

Previous (2-17-09), modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts say not very encouraging, market saying stimulus will not work, lots of toxic assets still out their, nothing safe in bear market, oil to $80, gold appropriate hedge against deflation and inflation and deserves spot in portfolios, no turnaround anytime soon, and tough-sledding ahead. “…The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Joint Chiefs chairman calls fiscal calamity a bigger threat than any war GM seeks up to $30B in aid, to cut 47,000 jobs (AP) GM and Chrysler seek nearly $22 billion more in aid Stocks sink to November lows on depression fears U.S. charges Allen Stanford with "massive" fraud Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP) It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper. 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP A “Monetary Stalingrad” is on its way to Europe Kansas suspends income tax refunds, may miss payroll Europe’s economic slump deeper than expected Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL /SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! GM seeks up to $30B in aid, to cut 47,000 jobs (AP) America's Insolvent Banks (at Seeking Alpha) Gold Jumps to 7-Month High as Investors Seek to Preserve Wealth Stocks sink to 3-month lows GM and Chrysler seek nearly $22 billion more in aid Stocks sink to November lows on depression fears U.S. charges Allen Stanford with "massive" fraud Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP) It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper. 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP A “Monetary Stalingrad” is on its way to Europe Kansas suspends income tax refunds, may miss payroll Europe’s economic slump deeper than expected WORLD TO STAY IN SLUMP Previous(2-13-09), modest losses relative to reality inasmuch as outlook remains bleak with data (though sugar-coated, inflated, false to provide more favorable b.s. talk points) dismal as consumer confidence down sharply ((56.2 vs. 61.2 previous, job losses continue as do earnings declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts negative regarding level of uncertainty, skepticism regarding more stimulus/bailout money down the rabbit hole, longer-term considerations of deflation/hyperinflation, and particularly the valuation of assets in any of the bailouts, etc.. Oil inventories high but production cuts will weigh heavily later. [$$] Long-Term Dow Chart Suggests More Downside Large U.S. banks on edge of insolvency, experts say Regulators close banks in Neb., Fla., Ill., Ore. GOLD Separating from the US DOLLAR-Banks insolvent Another $3T of U.S. Debt: Don't Count on Foreigners to Pay for Our Bailouts U.S. auto suppliers seek $18.5 billion in government aid How Banks Are Worsening the Foreclosure Crisis Stocks fall as investors can't shake economic woes Huge stimulus bill only the beginning of the end, substantial investment in Weimar dollar printing presses/operators envisioned: Obama Will the stimulus actually stimulate? Economists say no This is 1930 all over again and far worse Federal obligations exceed world GDP... Euro Zone Sees Biggest Contraction on Record Previous (2-12-09), suckers’ bear market rally with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including increasingly high job loss/unemployment numbers (though vastly understated), unexpected (euphemistic for false) +1% January retail, and leak of yet the new latest, greatest, economic “stimulus”/subsidy, etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 23% decrease in wealth in u.s. and much further to go. Fed printing worthless Weimar dollars like mad (ultimately, inevitably hyperinflationary) while treasury securities bubble gets bigger (stay away from treasuries – TIPS/treasury inflation protected securities only). Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Obama’s Stimulus Not Enough to Avert Biggest GDP Drop Since 1946 Bloomberg | Obama’s stimulus plan will be insufficient to avert the biggest U.S. economic decline since 1946 as consumer spending posts its longest slide on record. Marc Faber: U S will default on debt or enter hyperinflation YouTube | Mr. Faber predicts the Zimbabwe model for the United States. Home Prices Slide 12%, Most on Record, as Foreclosures Drain Value... Deluge of Financial Calamities Looming by Mid-March Retail sales rebound, jobless claims stay high ABCNEWS: CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we start hiring again'... Retail sales rise unexpectedly (false report) in January Wells Fargo charge boosts fourth quarter loss (Reuters) Oh yet another new mortgage plan news is bs purported reason for spurring late suckers bear market stock rally The Market and geithner's Empty Suit No Plan SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous (2-11-09), suckers bear market rally into the close based upon the bailout/stimulus fairy tale. Reality speaks for itself so the following latest news links (job loss/cut anouncements too numerous for inclusion and real numbers/data worse than false/gov’t/shill reports) plus previous 2-10-09 assessment which follows. ‘WORST ECONOMIC COLLAPSE EVER’ In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt. This DEPRESSION will last 23-26 YEARS! Government is POWERLESS! We are facing a Depression that will last 23-26 years. The response of government is going to seal our fate because they cannot learn from the past and will make the same mistakes that every politician has made before them. Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government Larry Summers: Fox Guarding The Henhouse COMEX Crash To Send Gold To $3,000 Gold jumps 3 pct to 6-1/2 mth high on risk aversion Highest Unemployment in Three Decades Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government PAPER: European banks sitting on $24 trillion of toxic assets...The Day After: Stocks Struggle to Overcome Geithner's Stumble, RIM's Warning Why Americans Should Care More About the $2-$5T Bailout vs. the $789B Stimulus Ireland to take control of banks... Popular Rage Grows as Global Crisis Worsens Previously (2-10-09) only modest drop relative to reality as pointed out by analyst Frank Cochrane who looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. There seems near unanimity by astute people in the know that timothy (only the little people pay taxes) geithner is just not up to the job. Indeed, his apparent Freudian slip “arrest it” must have been a manifestation of his guilt for purposely evading taxes [he still after audit and before confirmation has not paid the taxes he asserted as time-barred for collection (should have been arrested)], and then there’s the $4 trillion missing at the New York fed (and hence his prospective arrest), and now even more obfuscation with regard to taxpayer funds (possible future arrest?). A career bureaucrat, one economist/analyst points out that tiny tim geithner is not an economist and his so-called plan is without a plan yet we’re now talking in trillions. Helicopter ben bernanke paints realistically bleak outlook [though rosier than reality The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession Video: Crash Will be Worse than Great Depression Great Recession/Depression of 2008, et seq., Worse Than All Others IMF warns of Great Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012 Former chief economist: U.S. in a depression Merrill Lynch’s Chief Economist: We’re Already In a Depression Ray Dalio: A Long and Painful Depression - Barron's Interview Trendsresearch.com forecast for 2009 , job losses like mad, and don’t believe the understated unemployment rates] seems flustered, impotent but really should allow alan greenspan his due for the current debacle. How about charging, arresting, and prosecuting the perpetrators of the massive fraud instead of using taxpayer funds to bail them out (especially since they’re now buying the fraudulent, worthless securities as well as talking funny books – they already have the funny money being printed like mad). Especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! . UBS cuts jobs after fourth-quarter loss (Reuters) UBS to slash more jobs after reporting $7 billion loss Blue Chip poll cuts forecast for second half 2009 (Reuters) GM cuts 10000 salaried jobs, trims employees' pay Sirius preparing possible bankruptcy filing: report Stocks sink over 4 percent on bank plan apprehension U.S. offers $2 trillion bank plan but stocks slump GE transport unit to cut or furlough 1,550 workers Asia stocks fall amid skepticism over US bank plan (AP) $3 trillion! — Senate, Fed, Treasury attack crisis [$$] Foreclosure 'Tsunami' Hits Mortgage-Servicing Firms (at The Wall Street Journal Online) Senate Passes $819 Billion Economic Stimulus Bill Bernanke Begins ‘Thorough Review’ of Fed Disclosure Stocks Tumble as Bailout Plan Is Unveiled Previous (2-9-09), suckers’ bear market/short-covering rally into the close to end mixed based on continuing bad news including new job cuts/losses including 20,000 from Nissan, etc., so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Barron’s: Economist/analyst says depression has long way to go and lot’s of prospective pain Ray Dalio: A Long and Painful Depression - Barron's Interview . Analysts talk up adage, ‘buy on rumor, sell on news’ regarding ie., bailouts, bailouts, bailouts, with money they don’t have as total now approaches $9.7 trillion (printing those worthless Weimar dollars like mad, ultimately/inevitably hyperinflationary), buy gold on dips; short-covering rally via irrational exuberance induced bailout news, downside volatility, dilution (stock issued will dilute EPS), stimulus won’t work, lottery stocks (financials) based on short-term blips based on b.s./bailout news alone. Ray Dalio: A Long and Painful Depression - Barron's Interview Financial plan won't include "bad bank": TV One in eight lenders may fail, RBC says One Scary Unemployment Chart Bring back the guillotine… for bankers Geithner says G7 should act ‘promptly’ on economy We’re moving close to ‘a bailout-based economy’ Protectionism, unemployment and riots as the global slump deepens Obama’s Change: Expanding the Power of the NSC and Shadow Government Fitch cuts BofA ratings (at bizjournals.com) House Appropriations Chairman on Stimulus Waste: 'So What'... CBO: Stimulus harmful over long haul... LG Elec to cut $2.2 billion costs as recession bites (Reuters) Previous (2-6-09), suckers’ bear market rally based on especially bad news, viz., ‘depression-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, bringing unemployment rate to 7.6 percent, the grim figures being further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight.’ Economy so weak oil demand and price down but oil stocks rallied in the alice-in-wonderland fraudulent world of wall street. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so especially great opportunity to SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME! Real Unemployment Figures Double Those Reported By Labor Department Paul Joseph Watson | 7.6% is actually over 15% - just 9% shy of figure at height of great depression. Financial Coup d’Etat Rep. Kanjorski: $550 Billion Disappeared in “Electronic Run On the Banks” U.S. job losses accelerate Fed's Yellen sees dynamics similar to Depression Regulators close 3 more U.S. banks Consumer credit falls more than expected in Dec. Peter Schiff: Stimulus Bill Will Lead to “Unmitigated Disaster” Nearly 600K jobs lost in Jan.; more pain ahead Peter Schiff: Why I'm Right About the Substantial Further Decline and My Critics Are All Wrong There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy. There are currently 46 states with high budget deficits, Arizona being one of them. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous day’s (2-5-09) news as bad, ie., record level monthly unemployment numbers much worse than expected 626,000, factory orders down, IMF says no breakthrough in stabilizing financial sector, etc., but irrational exuberance on bailout talk and prospect of not only funny money but now funny assets with proposed new accounting rules to hide financial reality (dismal) so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! U.S. jobless claims surge in latest week to 626,000 Parallels With the Great Depression Obama Warns of ‘Catastrophe:’ What Happened to ‘Hope’ and ‘Change?’ NEWS CORP loses $6.4 billion... ...writedowns GE chief warns on USA depression threat... Watchdog: Treasury overpaid for bank stocks... USA Must Spend Trillions they don’t have to prevent a long-lasting Depression'... GERMAN BANK FIRST LOSS SINCE WWII OWING TO AMERICAN SECURITIES FRAUD DEBACLE; REJECTS STATE AID... MCCLATCHY reports loss on newspapers' decline, plans deep cost cuts... Treasury in plans for record debt sale... Accounting rule change for more cook the books fraud and bailout hopes spur Wall St. rally New jobless claims surge to 26-year high Auto suppliers seek rescue as crisis deepens Art Hogan refers to the prevalence of bailout rhetoric, financials (among others) under pressure because there have been twice as many downside surprises on the earnings front with either no guidance or bad outlook, and cites new trading range for oil at $40 - $50. Kraft, bank worries knock Wall St; Cisco hit late Cisco outlook misses expectations The Bad Bank Assets Proposal: Even Worse Than You Imagined TIMEWARNER the troubled, horribly managed media company swings to 4Q loss on hefty writedown... UBS Boosts ‘09 Gold Forecast to $1,000 One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Another Prominent Economist Forecasts Depression, Says Gold To Hit $2000 Auto sales hit 27-year low US auto sales plunge 37 percent to 26-year low Motorola's woes pile up in $3.6B quarterly loss Disney 1Q profits drop 32 percent; shares slide Wells Fargo defends, then cancels Vegas junket Electronic Arts posts wider loss, huge layoffs announced, hurt by charges Fed Secretly Lends $2 Trillion to Banksters without Oversight JAPAN: “There has never been data this bad for any major economy - even in the great Depression”; “We are literally looking at the unimaginable” Obama predicts more bank failures California goes broke, halts $3.5 billion in payments Previous, consumer spending down (-1%), manufacturing activity down, construction spending down 5.1% and much worse than expected. Problems ahead for bonds (currency risk, low yield, etc.) including treasuries (bubble), interest rates prospectively higher, bad real estate market into 2010 as banks play catch up on foreclosed properties, with top end getting hit and weaker rental market to boot. “…The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble…”. Personal bankruptcies soar 33% More Economists Say Crisis Is Worse Than Great Depression Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes dividend Factory decline, consumer spending drops Morgan Stanley plans up to 4 percent in job cuts Joint Chiefs chairman calls fiscal calamity a bigger threat than any war WALL ST ALREADY DOWN 10% FOR YEAR... Folding dealers shock car buyers with unpaid liens (AP) GlaxoSmithkline to cut 6,000 jobs: report The New Economic Reality …do not think we should be incurring trillions in debt for an ill-conceived or even a properly conceived plan. We cannot spend that much. OUR PROBLEM WAS SPENDING MORE THAN WE MADE SO THE ANSWER CANNOT BE THE GOVERNMENT ALLOWING US TO SPEND MORE THAN WE MAKE. Joseph Stiglitz, a Nobel laureate, can tell you better than me, and he thinks we are asking for major problems. Florida, Maryland, Utah Banks Seized Amid Deepening Financial Crisis... Worse than the Great Depression Charts Predict: Oil May Whip Back up to $100 Previous session, 31st u.s. bank to fail, 6th this year, Economy's new plunge is worst in quarter-century (AP) as GDP falls 3.8% defying much worse/higher private/real forecasts/estimates; bad economy, bad economic data, bad real estate market; defensive non-equity investing recommended, ie., short-term bonds, single short ETF hedge funds, etc.. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. GDP sees biggest drop in 27 years The Ugly Truth: The American Economy is Not Coming Back Economy, bank woes drag market to worst January ever Economy's new plunge is worst in quarter-century Stocks' January drop isn't welcome sign for 2009 [$$] January Was Dow's Worst In 113 Years (at The Wall Street Journal Online) Economy's new plunge is worst in quarter-century (AP) Worst January ever for Dow, S&P 500 US Stocks Drop, Capping Market’s Worst January, on Economy Bloomberg US Stocks Off; Financials, Industrials Lead DJIA Under 8000 MarketWatch US Economy Will Keep Sliding After Shrinking Most Since 1982 U.S. Eyes Two-Part Bailout for Banks 46 Of 50 States Could File Bankruptcy In 2009-2010 Economic crisis has put the world “on the road to serious social instability” Gold rallies 2 pct on haven buying, hits euro high Worst January on Record for Stocks... Previous session, at least Obama referred to the outrageousness of the wall street perps/frauds who created the crisis, got wealthier in so doing at other peoples expense/damage, received taxpayer bailout funds because of what crimes they did, and now reportedly took huge bonuses ($18 billion) for failed and fraudulent performance; but if he thinks shaming them into better behavior is effective, then he is a fool. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. All bad news: all-time record continuing unemployment claims, durable goods orders down more than expected, new home sales down record levels (-37%), banking system insolvent, long-term treasuy bubble about to burst, DEPRESSION, etc.; December durable goods orders declined 2.6%, marking the fifth straight monthly decline. Excluding transportation, orders were down 3.6%. The drop in both readings was also steeper than expected. In other economic news, December new home sales declined more than expected, falling almost 15% from the prior month. The supply of new homes is at an all-time high of nearly 13 months, based on the pace of current sales. Demand for new homes remains weak as weak labor markets limit buyers. Initial jobless claims for the week ended Jan. 24 increased modestly to 588,000, which exceeded the 575,000 claims expected. Continuing claims climbed to 4.78 million, which is the highest level for continuing claims in 40 years. More Economists Say Crisis Is Worse Than Great Depression Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Jobless Sheep Fed Reserve Fails to Reflate the US Banking System Signs of deepening economic woes slam Wall St. Americans receiving jobless benefits hits record... [$$] Ex-Merrill Executives Got Burned by Madoff (at The Wall Street Journal Online) Disney plans 5 pct job cuts at ABC group US new jobless claims up,continued claims a record Workers receiving unemployment at 25-year high Obama calls $18B in Wall Street bonuses 'shameful’ – Is that it? Is that all there is? What about illegal as the perpetrators of the massive fraud receive taxpayer bailout funds …for their bonuses.' Japanese output falls at record pace Ford posts $14.6B 2008 loss, near $6 billion loss for quarter, still won't seek aid Merrill Lynch’s Chief Economist: We’re Already In a Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality MURDOCH: Crisis Worsening, 'Drastic Action' Needed... Stiffed: Why are bailed-out banks helping Pfizer buy Wyeth? Previous, suckers’ bear market ralley based on b**l s**t alone, viz., the now fabled big bad wolf bank to eat all the so-called toxic debt at taxpayer expense (for the economy- what a fairy tale), etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! All bad news continues: Boeing to cut 10,000 jobs, AOL 700, Starbucks 6,700 , and on and on, the list is long, continues, and is growing, Warning over collapse in capital flows Telegraph | The world economy will shrink this year for the first time since the Second World War, warns the gloomiest forecast yet delivered by a major international institutional. MERRILL LYNCH’S CHIEF ECONOMIST: WE’RE ALREADY IN A DEPRESSION Stocks Could Drop 20%, No Safe Haven: Dr. Reality World growth ‘worst for 60 years’ Mass layoffs surge in 2008, continue at rapid pace (AP) 'American consumer can no longer act as motor of global economy'... Analyst Ciovacco sums it up thusly: …We have seen many of these bailout inspired "feel good" days during the bear market. The market cheered the bailout out of Bear Sterns, only to retrace all the gains while moving to lower lows. When Fannie and Freddie were bailed out by you and me (taxpayers), the market "felt good" only to move on to lower lows and more losses. When AIG was bailout out by - you guessed it, you and me, it was seen as a positive. Stocks went on to make new lows. TARP was hailed by the markets as the answer to all our problems - stocks moved higher in anticipation, then made new lows. When the formerly "big" three were given government loans, the market breathed a sigh of relief - then, you guessed it, moved lower.Here we go again. The “bad bank” is this morning’s feel good story. The futures are higher on “speculation” the government will set up a bad bank. The problem is a familiar one for money managers - we do not know what the rules are and how the "bad bank" will be set up. Will it be good for shareholders in banks? Will it be bad for shareholders in banks? We are not sure because we have no details on the latest bailout, only speculation and a few sound bites. The basic goal of the bad bank according to this morning’s news reports is to "get lending going again". In an overleveraged world, is more credit really the answer? I thought too much credit was the problem…Previous, what are they drinking, smoking, snorting on wall street with suckers’ bear market rally on decisively bad news; viz., consumer confidence at lowest level ever recorded (37.7) Consumer Confidence Slides to Record Low in January , 18% plunge in home prices as per highly regarded Case/Shiller Index, Retail Federation gives bad retail outlook, layoffs du jour galore, etc., and even as oil plunged on the bad economic data, oil stocks rallied…riiiiight! What, they worry…hell no…they work for wallstreet/government. They’ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/ compensation/ bonuses’ sake as in the year just passed. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Bank bailout could cost $4 trillion CEO confidence plunges around the globe Consumer mood at record lows, house prices sag Corning slashes up to 4,900 jobs to cut costs Moody's says could cut GE's triple-A credit rating Target eliminates positions amid weak sales Nation's economic mood darkens as more jobs vanish S&P index shows plunge in November home prices Yahoo posts higher profit but outlook weak Yahoo suffers 4Q loss, but tops analyst views IBM quietly cuts thousands of jobs Economy in free fall in fourth quarter Companies in U.S. to Slash More Jobs, Business Economists Say military spending is crippling america Previously, wall street frauds’ nirvana (commissioning a large incline then decline then suckers’ bear market rally into the close incline) at just a program loop, button push, mouse click away based on bull s**t alone and ‘Little Shop of Horrors’ viz., wall street vegetables clamoring ‘feed me, feed me’ with hopes for taxpayer bailout funds and short-covering bear market rally.. Motek’s experts: One land of fruits and nuts politician too many for a business hour; there will be no further comments relative to Frank Motek’s knx1070am caleefornia business hour inasmuch as the show has become a bit too parochial and limited in scope. 68,000 new job cuts this day alone. Existing home sales on foreclosures up 6.5% so new home sellers rally…riiiight!...Preposterous!...Leading indicators allegedly up .3% on increase in money supply (hyperinflationary)…Riiiiight! NY financier arrested in purported $400 million scam Reuters Job-killing depression racks up more layoff victims Economy in free fall in fourth quarter FANNIE to Seek Up to $16 Billion in Emergency Treasury Aid to Stay Afloat... Gloom deepens as 75,000 global jobs go... Gold pushes above $900 in buying spree; Yellow metal posts all-time highs in euro and sterling... Economy in free fall in fourth quarter Previous, mixed finish on relatively light volume defies reality with another near 200 point swing to the upside on suckers’ bear market rally into the close to keep suckers suckered on decisively bad news so sell into rallies/strength/take profits/sell while you still can since much, much worse to come. Motek experts: Art Hogan points to volatility, lots of headwinds for market, magnitude of the worse than expected results, doubling underestimated earnings to downside and no guidance indicative of lack of belief in efficacy of stimulus, and lag effect concerning stimulus which will help but not soon enough. Investment analyst says P/E ratios for stocks much too pricey, cite S&P single digits in milder recessions past hence way over-valued at 15 P/E now. GE profit down 44 percent Earnings and depression batter world stocks Britain officially slips into recession Schlumberger 4Q tumbles; sees rough year ahead Harley to cut 1,100 jobs as 4Q profit falls Xerox 4Q profit plunges, misses Wall Street view (AP) 2009 Heralds “A New Age Of Rebellion” Geithner's failure to pay taxes completely intentional Misguided Spending Will Only Take Us Deeper Into Depression Poor earnings, opaque forecasts weigh on stocks (AP) Freddie Mac to ask for billions more in funds Freddie Mac to ask government for another $30-$35 billion Brower Piven Encourages Investors Who Have Losses in Excess of $500,000 From Investment in Bank of America Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the March 23, 2009 (Marketwire) Capital One results suggest gloomy 2009 for credit card industry Wall Street's culture of entitlement hard to shake “The stock market has been bluffing investors for decades. The market's indiscernible jolts have been particularly pronounced and painful in recent months.” Simon Maierhofer“Unprecedented” Job Cuts in Works at World’s Largest Automaker [video] Gold Surges VIDEO: THE GLOBAL FINANCIAL CRISIS - Montreal Lecture: The Great Depression of the 21st Century Motek experts: Discuss new unemployment claims at 589,000 match 26 year high, 4.6 million continuing u.e. claims, wall street strategist (actually just another wall street fraud) thain at last minutes before BofA bailout/takeover does compensation/bonuses/expenditures and gets axed, all-time low for housing starts with downsides well into 2010, job losses trend to accelerate well into second half 2009. Analyst says near term increased uncertainty, gamble, financials undercapitalized, recommends risk adjusted/barely below investment grade junk bund funds (high ror) and gold mining etf’s while warning long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job cuts and absence of forward-looking guidance. Worsening signs for Apple with slowdown in pc sales and reliance on retail/pricing. Currency expert says problems serious, gov’t needs to raise $2 trillion, crowd out private sector, increase cost of money, fanny/freddy, government replacing private mortgage lending with negative implications. Frank congratulates Paul Kangus on Nightly Business Report 30 year anniversary where he began his business reporting career. Just The Early Stages of Economic and Financial Collapse Jobless claims surge, housing starts tumble Back In Reds After Economic Data... Bank results plummet... Angry customer rammed bank with pickup... GOOGLE PROFIT SLIPS FOR FIRST TIME... MICROSOFT stuns with profit miss, job cuts... Roubini: Banking System is “Bankrupt”, “Effectively Insolvent” Previous, wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away based on bull s**t alone and ‘Little (wall street) Shop of Horrors’ viz., wall street vegetables clamoring ‘feed me, feed me’ with high (what are they smoking, drinking, snorting) hopes for taxpayer bailout funds and short-covering bear market rally. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Motek’s experts: Analyst/options/speculator talks roller coaster ride on wall street regardless of results, banks still in trouble with dilution via government takeovers, talks lessons…please, give us a break…, then risky strategies, ie., risky bonds into riskier equities as if that isn’t that how we got into the continuing mess. Only-the-little-people-pay-taxes geithner, a co-architect of the current mess said food lines long and getting longer even as he dodges taxes (purposefully…after audit and as currently pending appointment, paid back taxes but scofflawed time-barred taxes owed), while economist says geithner a scofflaw and stimulus just more pork. Geithner was “involved in just about every flawed bailout” of the Bush era (On capital hill they were afraid to ask the question as to where is that missing $4 trillion at he ny federal reserve bank which is defacto complicity) Financial Times editor says dramatic prospective action will be very unpleasant for shareholders. S&P 500 Q408 Earnings Now Expected to Fall 28.2% Royal Bank of Scotland to Record $41 Billion loss, State Street profits down 71%, Bad news across the board as Worst Inauguration Day Drop in Dow Industrial History... Roubini Predicts U.S. Losses May Reach $3.6 Trillion Prominent Economist: Crisis Caused By Government Interventions Motek’s experts: Land of fruits and nuts actor/entertainer/speculator/sometimes economist Ben Stein [who previously took a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but did correctly state fed policies hyperinflationary, and also just criticized Shiff’s recent prognostication ( he previously had to apologize to Shiff having done wrongly so before- his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he’s just out to lunch in citing the absence of demand as militating against Shiff’s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke!] while commenting on the inaugural address (who cares…what do you expect them to say…all talk is cheap in fraudulent america particularly) says in need of specifics, says because he can’t do taxes geithner doesn’t have to, talks gov’t guarantees on loans except for fraud, bad banks/financials, no bottom. Analyst says things getting worse not better, bad equity ratios, banks not sufficiently capitalized, unemployment/job losses yet to hit so worst to come. Economist says recession/depression with 500,000 job losses per month, housing/stock declines, bad bank bailouts with taxpayer money bad idea/bad deal, hopes on stimulus. Peter Shiff says they buy on rumor and sell on fact/reality, TARP/government spending the problem, new lows for financials, eventual dollar collapse, bailing out/subsidizing incompetent high paid executives, get out of any assets connected to u.s., buy gold. Roubini Predicts U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in charge. Previously, a big suckers’ depression era rally of near 200 points into the close to keep suckers sucked in while churning and earning those commission dollars on decisively bad news (ie., circuit city liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down 2%, cpi down .7% on lower gas/oil prices but watch for inevitable hyperinflationary effect of worthless Weimar dollars they’re printing like mad, Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings—what a joke; first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures; Bank of America slides to 4Q loss; gets more ‘down the rabbit hole’ taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior month, 4.5 million collecting unemployment/64% increase, foreclosures for December up 17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 , the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Retail sales much worse than expected -2.7% and double (100% worse) expected decline with financial sector usual suspects providing other dose of bad news, along with beige book which cites weakness in all districts. Job cuts, job cuts, job cuts, and Jobs cut work schedule with medical leave till June, 2009. Oil inventories up however since economy is so bad demand has substantially weakened. What usually either way would have derailed prospective nominees in past, viz., illegal nannies, failure to pay taxes, etc., has rallied defense of geithner TAX MESS: Panel delays hearing on Obama's Treasury choice..., the new york fed man ( Fed Mob Boss Geithner’s Confirmation Sidelined - too n.y. jewish to fail or be held accountable, in fairness there’s also trump and alito, and bush and clinton, etc., all of whom seem impervious to the laws and rules of civilized governance; owe, oh! how the mighty have fallen, including meaningfully lawless america). Given the state of the nation, who can rationally defend those experienced with having caused the crisis in the first instance (there is the matter of course of campaign finance bribery). HOW ABOUT ASKING GEITHNER ABOUT THE MISSING $4 TRILLION AT N.Y. FED BANK, WHO STOLE IT, ETC., AS A PRE-CONDITION TO HIM EVEN BEING CONSIDERED! THROW THEM, THE FED, WALL STREET FRAUDS, ETC., IN GITMO; THEY’RE CERTAINLY ECONOMIC TERRORISTS, FRAUDS, THIEVES WHO’VE DONE FAR GREATER DAMAGE TO AMERICA THAN ALL AMERICA’S ENEMIES COMBINED. Typical wall street jew madoff will just have to suffer his bail days in his $7.5 million n.y. penthouse apartment. $700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says Motek’s (Frank still out but returns on Monday, but will his program still be there after decimating week) experts: Senile Wedbush from the land of fruits and nuts to his credit refers to the extent financial scenario by the “D” for Depression word (he very well may have been around to have experienced the first Great Depression) and borrows refrain from old Springfield song of ‘ Wishin’ and Hopin’ ’…riiiight…Start your own company, ie., apple stands (candy, caramel, or plain); land of fruits and nuts better stick with a taco or tamale stand; hot dog stands…riiiiight! (Previous) Hugh Johnson says earnings recession and lots of going out of business signs. Retail analyst says lots of bankruptcy filings and store closures particularly in select regional/female apparel/jewelry. Hugh Johnson, analyst, says Alcoa much worse than expected a wake up call, earnings below expectations, widespread downturn but much more difficult to forecast than ever (welcomed obfuscation so they can talk the talk and sucker you), oil speculators still in play, bailouts old news but enormous deficits/problems therefrom. Investors Business Daily editor, spend and cut taxes, TARP money not enough, $485.2 record deficit, deficits will continue to grow, will catch up to u.s., long term better…riiiiight…how ‘bout in long term as per keynes we’ll all be dead…if you’d have listened to equities oriented IBD you’d probably be broke by now even if you were as they seem to presume a trader. Analyst Gabriel Isdumb says eventually things will be better…yeah…riiiiight!…right after the depression has run it’s course. Autonation expert says the worst conditions he’s ever seen which he further describes as appalling. All news bad and worse than expected (ie., Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion, etc.). Former chief economist: U.S. in a depression The U.S. Economy is being Marched to the Gallows Andrew Hughes | Predictions of hyperinflation, dollar decline and civil unrest. No Brainer: Bankster Bailout is Unconstitutional Kurt Nimmo | A world system of financial control in private hands will begin the process of delivering feudalism to the American people. The Economy Is in a Depression The economy contracted at about a 5% annual rate in the fourth quarter. Bank of America to receive additional $20 billion International Herald Tribune | The second lifeline brings the government’s total stake in Bank of America to $45 billion and makes it the bank’s largest shareholder, with a stake of about 6 percent. Counterfeiting? Bank of England able to print money without having legally to declare it Bank of America to Get Billions More From Treasury Washington Post | The Treasury Department plans to invest billions of dollars in Bank of America to help the company absorb troubled investment bank Merrill Lynch. Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings. The first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures. Bank of America slides to 4Q loss; gets more ‘down the rabbit hole’ taxpayer money. Bernanke: U.S. Financial Crisis Worse than Japan’s Lost Decade, but We’ll Still Copy the Japanese Playbook, Even Though It Didn’t Work Nortel files for bankruptcy, shares plunge , (Reuters) $700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says U.S. Retail Sales Decline for a Sixth Month Dismal holidays over, but retail outlook still dim , CITIGROUP Stock Falls Below Critical $5 Level... 'Long-term transformation'... 'Swift decline in America's influence'... Stocks tumble as worries grow about banks... JPMorgan CEO predicts bleak year: report (Reuters) JPMorgan's chief executive predicts that the financial crisis will worsen this year, in an interview with the Financial Times newspaper published on Thursday. Sen Dorgan: Federal Reserve Refuses To Identify Recipients Of 2 Trillion In Emergency Loans Throw them, the fed, in gitmo; they’re certainly economic terrorists, frauds, thieves who’ve done far greater damage to america than all america’s enemies combined. Our Collapsing Economy According to the Bureau of Labor Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007 through December 2008. Marc Faber: “I Think it Might Be Far Worse [Than the Great Depression] Precisely Because of the Interventions” by the Government The latest edition of Marc Faber’s latest newsletter fell off two separate trucks in my ‘hood, and I thought the most useful bits were Faber’s observations (honed from many years of seeing the world from Asia) that just because a market has gone down a ton doesn’t mean it can’t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies Fed Economists slashed forecasts for U.S. growth in 2009 and projected Federal Reserve policy makers won’t be able to start raising interest rates until 2010, according to a monthly Bloomberg News survey Treasury: Deficit hits new record in just 3 months...TREASURY PICK FAILED TO PAY TAXES Bond Bubble Looms ‘The key here is to stay the course and not to be sucked into the hype; don’t let your eyes deceive you. Printing money non-stop for a year (or longer, I don’t see him stopping any time soon) will have consequences (meaning hyperinflation/worthless dollar, etc.).’ Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data). 2.6 million jobs lost in 2008, worst since 1945. Motek’s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope…..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year, -20% to –25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in ‘90’s. US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming? Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst Now the U.S. porn industry seeks $5billion bailout Citi, Morgan Stanley in brokerage talks; Rubin quits $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online) Agency warns on automakers' pension funds: report Jobless rate at 16-year high as payrolls plunge Job losses hit 2.6 million as layoff pain deepens Wall Street falls on job woes, Citi Stocks slide after rise in unemployment rate (AP) Manufacturing slumps at fastest pace since 1981 More people collecting unemployment benefits Depression more severe than thought: Fed’s Rosengren Horrible data and again worse than expected but suckers’ bear market rally into the close based on bull s**t and bailouts (with money they don’t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek’s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study U.S. debt is losing its appeal in China LET'S PRINT MORE WORTHLESS MONEY! Obama Bets Big on Big Government... Dems Raise Doubts on Plan... A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers’ rally into the close to finish off lows. Motek’s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. Analyst Predicts 40% Unemployment, No Recovery until 2015 Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks Budget deficit to hit $1.2 trillion in fiscal 2009 Intel warns second time on quarter U.S. says Madoff sent diamonds in violation of bail Profit warnings, poor job outlook weigh on stocks (AP) Yes, fed now using the ‘D’ for depression word which means we’re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers’ bear market rally into the close. They’ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses’ sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama’s stimulus plan isn’t going to work. Specifically, it will become obvious that we’re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse). At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh’s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek’s experts: Art Hogan in straight-shootin’ mode (as opposed to wall street shill mode) focuses (but only briefly) on fed’s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don’t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed’s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan. Economy in grip of recession/depression, reports show Stocks end higher on hopes for economic rebound Alcoa to cut 13 pct of global work force The Secular Bear Market Continues Willem Buiter warns of massive dollar collapse Bank Of England Policymaker Predicts Unprecedented Dollar Collapse Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide Stocks slip on telecom and financials; Apple jumps on ‘jobs alive’ news…riiiiight! Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don’t have and cutting taxes, and predicts approval Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008 [$$] Don't Get Too Happy About the New Year Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession Don’t forget their 2008 talk as now for 2009. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. More dismal news for lunatics on wall street to fraud on: ISM factory utilization index fell to the lowest level in over 28 years. Factories mired in worst slump in 28 years They’re printing worthless Weimar dollars like mad for the celebrated bailouts, bailouts, bailouts, and stimulus so stimulating. Motek’s experts: First expert talks up superstition, the so called ‘january effect’ saying if positive this month then the worst case scenario is –5% for DOW/S&P for the year, so the frauds on wall street are really shootin’ for the moon (lunatics) for the effect, still in recession but bear market rallies not bad but not for buy and hold crowd, dump non-performers, favors medical devices/health care related, disfavors autos/financials. Another expert who scans/digests newsletters says market/newsletter euphoria contra-indicated, new lows are coming, the best funds in 2008 were short or cash. News typically bad: Difficulty tracking and monitoring bailout money…Daaaaah! Understated unemployment numbers still at recession/depression levels (4.65 million); retail correction-bankruptcies, closings, fewer stores. Motek’s experts: Peter Shiff says it’s not the disease but the government cure that will kill us, dire forecast for 2009 and beyond-inflation, companies going out of business, commodity prices higher, world’s largest debtor america is bankrupt, more borrowing/spending their failed prescription, bleak picture for dollar the value of which will be halved and high probability that the decline will be 70-90%, gold higher and $2000 gold in not so distant future, oil much higher and $200 oil in next couple of years, stocks will continue to decline, on the long side he favors quality EU, Asia securities and precious metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand anemic but oil price the factor. It’s time for ben stein to resign himself to just a land of fruits and nuts actor/entertainer/speculator as he lambasts Shiff’s prognostication ( he previously had to apologize to Shiff having done wrongly so before- his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he’s just out to lunch in citing the absence of demand as militating against Shiff’s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke! Suckers' bear market rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year, the largest drop on record. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December AT 38%. Record number of bankruptcies and particulary hard hit commercial sector in coming year, ie., malls, retail, etc.. Worse stock market declines for the year since 1931 (Great Depression) and worse to come in 2009 despite suckers’ bear market rallies to keep you sucked in. Put these wall street frauds in jail and force disgorgement of their fraudulent gains. There are loads of able new grads and job seekers who can take the place of the wall street frauds who caused the crisis owing to their own avarice and continue the coverup to get taxpayer bailout funds. The markets should be efficient and predicated on rational valuation which is totally absent in america’s fraudulent, manipulated markets. Absent prosecution and disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in addition to madoff, which are just tips of the iceberg of multi-trillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on. Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half inflation from printing worthless Weimar dollars/stagflation; another expert, consumer has collapsed, 2009 will be very tough year for autos; a real estate analyst says 2009 will be a very tough year and hopefully we’ll get through this…..riiiiight!…I don’t think so…Almost one in 10 Floridians are on food stamps Online holiday sales fall 3 percent Madoff liquidation trustee receives $28M for costs (AP) Charlotte, NC, home values post record decline (AP) Wrong Great Depression Lessons Will Haunt Equities in 2009 73,000 retailers to close in first half of 2009, Stocks Rally Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years There’s No Pain-Free Cure for Recession/Depression Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout. A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou’s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally, his accounts 20-25% cash, can make bearish argument since still looking at writeoffs, government still must sell bonds to help finance bailouts, municipal bonds troublesome as iou’s might extend maturities, don’t try to catch falling knife in this market but some high quality bonds may offer value, dollar to take hit (they’re printing worthless weimar dollars like mad-hyper-inflationary); Oil expert says overshot to downside and will see turn-around in oil; U.N. Security Council condemns massacre by zionist israel. Pros Say: Employment Collapse is Coming Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies Manufacturing, Home Prices Sank: U.S. Economy Preview Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data Retail Sales Plummet Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009 U.S. Economy: Home Prices Fall At Depression Pace Recession/depression deepens, countries boost spending Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%. Motek’s experts: actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not 25% (as consensus predicts), decline for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders…but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression 100% chance of depression in US Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21% U.S. Home Resales Fall; Prices Drop by Record 13.2% Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression” World faces “total” financial meltdown: Bank of Spain chief Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief Housing crisis worsens as economy weakens Japan recession deepens, China cuts rates Great Recession/Depression of 2008, et seq., Worse Than All Others AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP) Where'd the bailout money go? Shhhh, it's a secret (AP) Housing crisis worsens as economy weakens Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression He Saw the Crash Coming: What Gary Shilling Sees for 2009 Yes, Shilling’s using the d for depression word so If video unavailable, here for avi rendering SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins. A Most Desperate Move by the Fed Dollar’s Slump Erases Months Of Solid Gains “The Biggest Bubble Of All . . . U.S. Government Debt” Video: Crash Will be Worse than Great Depression Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit Fed unleashes greatest bubble of all Canadian Prime Minister Stephen Harper believes a depression is COMING Peter Schiff new VIDEO on the Coming Collapse Dec 16 Swiss gold bullion in huge demand as trust in banks dives Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers. Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut Federal spending soars 25% -- even before bailout... Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”, F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts: forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report , America Has No Means to Recover from a Depression FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts: forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report , America Has No Means to Recover from a Depression FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous session, modest decline relative to reality so still great opportunity to sell/take profits since much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective job cuts announced, economic group changes previous forecast to worse/long recession, Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000 jobs... , ...final could be higher , Shocking but true claim: Most big banks 'bankrupt'... , New unemployment claims surge unexpectedly , Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain. , US budget deficit to reach USD 1 trillion , Jim Rogers calls most big U.S. banks “bankrupt” Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded. CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge , German FM criticises Britain’s ‘crass Keynesian’ policies: report and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come) , suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come! This suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report , America Has No Means to Recover from a Depression (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous, modest decline relative to reality so still great time to sell/take profits since much, much worse to come. Wall Street stung by risk-aversion and realistically bleak outlooks , Point of no return: Interest on T-bills hits zero , Tightening Budgets Mean a Rough Ride for IT , FIRST TIME: Treasury Bills Trade at Negative Rates... . Previous, suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report , America Has No Means to Recover from a Depression (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous suckers’ bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street’s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers’ rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in ’09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. 3 Tell Tale Signs Of This Sucker Rally , Half-million jobs vanish as economy deteriorates (AP) , Job losses worst since 1974 Employers cut 533K jobs in Nov., most in 34 years , Late mortgage payments and foreclosures hit record , 1 in 10 homeowners behind on mortgage payments, or in foreclosure... , Wall St financiers party like there's no tomorrow -- literally WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there’s nothing they’ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks , Long Term Investors Should Avoid Leveraged ETFs , Fixing the Enron Economy , US FEDERAL RESERVE to buy US DEBT? WITH WHAT? , Prepare For Depression Level Unemployment , Record number of Americans using food stamps: report , Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets , Corporate Debt Protection Costs Climb Amid Depression Concern , Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit claims Citigroup was running a “quasi-Ponzi scheme” Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: A Bleak Outlook: Nov. Job Loss at 250,000, Economic Weakness , US, China currency clash over worthless american currency..., 61% oppose auto bailout , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek) , Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of Bailout Funds...Previous suckers’ bear market rally in the last minutes of the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend , November US auto sales drop to 26-year low , Data signal deep global downturn Financial Times , US manufacturing hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of Bailout Funds... , Governors to Seek Up to $100B in Social Aid... ,
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'... , Metal prices fall further than during Great Depression... , they’re printing and spending worthless Weimar dollars and taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality that the prior 5 day rally of 1,300 points into the last trading week of the month (much like the end of the prior month) based on bull s**t alone was a typical fraudulent wall street programmed trade fraud to window dress the monthly numbers and keep suckers sucked in (and besides, they’ll get their commissions again on the way down). Upon the formal announcement that we’ve been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say, “REALLY!” [this site has reported/predicted this (these) debacle (s) for far longer and in advance of same, including this recession/depression]. The protracted reluctance (election year expedience) for some to use the R(ecession) word, spun in the most positive way is to say it is because this scenario is far worse than even would befit the D(epression) word in light of the fact that the u.s. like never before in its relatively short history is broke in every way. If you’ve been suckered, it’s not all your fault inasmuch as the enablers (politicians, economists, financial experts, news/media, etc., in receipt of substantial largesse from and) of these vegetable garden (poison ivy league schools, these “elite” clubs/frats, etc.) products (vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and as in the case of wall street, criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Motek’s expert cites retail liquidation prices (none to minimal profits, at best), inevitable GM bankruptcy, fed programs done with money out the door to little or no effect and now talking new programs…riiiiight…or, with rate at 1%, more rate cuts…riiiiight, big shake-out to come, credit-card co’s to pull back $2 trillion to survive what’s coming, retailers with big real estate exposure bust, and market will test lows then break through said lows to the downside. There was in addition to the ‘recession’ announcement more dismal news with construction down 1.2% and the supply/management manufacturing index at 26 year lows. I derive no pleasure in being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 816) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Dow plunges on news recession began in Dec. 2007 (AP) , Down we go again: Fourth-worst drop ever for Dow , Recession declared; Wall Street tanks , Fourth-worst drop ever for Dow AP… as wall street snapped out of its daydream of a rally and once again faced the harsh reality… Report Concludes Recession Began A Year Ago | But the White House and the corporate media consistently continued to state otherwise. Previous session, this suckers’ bear market ralley remains an especially great opportunity to sell/take profits while you still can since much, much worse to come (sell into purported strength which is just more bull s**t for prospective churn and earn fraud – they’ll get those commissions again on the way down) IMF economist says worst of crisis to come: paper 'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees Much More Pain Ahead and this suckers’ bear market rally was based upon nothing related factually to finance/economics/business. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: Biggest runnup in stock prices since 1932 and most know what happened to stock prices for over a decade thereafter (and america was not broke in every way as now), Ghost malls cropping up with retail closures/bankruptcies, as predicted by trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.”] , Motek expert from the land of fruits and nuts, the senile wedbush (if you had listened to his prior prognostications/recommendations several months ago said suckers might be wiped out by this day) lauds the bailouts (money u.s. doesn’t really have and taxpayer money the frauds shouldn’t get) and the b.s. talking points thereby but says workout much longer, while retail expert points to liquidation prices (but fails to even mention lack of profits thereby), and poverty now spreading to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim. Citigroup Should Be Held Accountable Bloomberg Food Prices Will Rise, Causing Export Bans, Riots Bloomberg Rubin Clones and Other Fakers: The Obama “Dream Team” Citigroup says gold could rise above $2,000 next year as world unravels US debt triggered global crisis ‘Encouraged by a wicked wizard, Greenspan, Bernanke toils at his Weimar dollar printing press’ . Consumer spending down (-1%), consumer sentiment down, durable goods orders down (-6%), home sales/prices down to new lows and high supplies, yet suckers’ bear market market rally of 400+ points into the close nostalgically based (which got investors burned in the past) on bull s**t alone (i.e., more bureaucrats on more painels as per President-elect, etc.) and the so-called thanksgiving holiday rally. $600 billion plan to support housing lending ultimately hyperinflationary. New unemployment claims at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower than private economist estimates. October durable goods orders plunged by a larger-than-expected amount, Chicago manufacturing in November contracted the most since 1982 according to a regional survey, and consumer confidence dropped to a 28 year low in November, according to the University of Michigan. One Motek expert in a nearly senile market moment cites pleasant market surprise (reality dictates otherwise) but in a lucid moment concedes lengthy period to work out (substantial) problems, while another expert (currencies) cautions the unintended consequences of creating/printing/flooding the markets with worthless (Weimar) dollars (a policy choice of inflation over fear of deflation) and the dollar devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe? (at Seeking Alpha) , Consumers cut spending , Stocks on win streak amid more bad economic news , Cisco plans 4-day shutdown to cut costs , October home sales fall sharply (Reuters) . The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain, will continue to remain, and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Federal deficit could hit $1 trillion this year , FDIC's list of 'problem' banks swells to 171 (AP) , Dollar falls on realistically discouraging u.s. economic data (AP) , Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected Economy shrinks at fastest pace in seven years, Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks ….. riiiiight! , Consumer confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year — most on record. 'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees More Pain Ahead Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead VIDEO Previously, from the outset the wall street frauds were again determined to keep the suckers suckered with a near 500 point rally into the close. Existing home sales down 3.1% and much worse than expected. Motek’s expert Peter Shiff correctly points out that the so-called policy-makers, economists, etc., don’t know what they’re doing, that they can’t borrow (or print worthless Weimar dollars) and spend (money they don’t have) their way out of this debacle, that the bailout funds are merely providing undue bonuses/compensation for failed (and fraudulent) performance, that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted economic decline, that auto industry is over-paid (especially relative to competition, legacy/pension costs, etc.), and importantly, the government has no money so they either have to borrow or print same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion Another expert says quick bankruptcies would have been the preferred course for optimal results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall street frauds’ b.s. talking/rallying point) are those whose experience is having created the very problems they are now called upon to solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep was warranted]. Realize that the products of the vegetable gardens (the poison ivy league schools producing these vegetables) are vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and in the case of wall street, criminal frauds enabled thereby. Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization” ] over the weekend. Obama’s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Previous, suckers’ bear market rally was based upon nothing whatsoever relevant to finance/economics/business , yet again the wall street frauds were determined to keep the suckers suckered through the weekend with a near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking for a reason to rally, they found none because there are none HU: World economic situation 'grim'... , based on valuation and prospective substantial deterioration in economic conditions exascerbated by their massive fraud; but the invented reason for the suckers’ rally was the appointment of Geithner, a quintessential bureaucrat ultimately dependant upon other bureaucrats who are dependant upon the very corrupt monied interests/frauds (and their lobbyists) who created (through their crimes) the current financial crisis. Moreover, as head of the N.Y. Fed he is no stranger to cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the N.Y. Fed $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than expected .8%, new claims for unemployment a high more than expected 542,000 while continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse than expected –39. Jobless Claims Hit 16-Year High, Above Forecast Congress extends jobless benefits; stocks fall 400 World stocks down amid reality of deep recession (AP) CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous session, modest losses relative to reality to keep the suckers’ suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. Housing starts down a record 38%, building permits down 14.5%, and outlook grim. Motek’s expert discusses 30 reasons for Great Depression 2 by 2011 citing completion of first wave of the meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos, etc., saying they just don’t get it, while another expert analyst says new lows across the board having broken through support levels. Motek’s p.r. expert says auto execs flying to d.c. in private jets to beg for taxpayer money bespeaks their stupidity, and his travel expert discusses the newly value-conscious consumer. Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers’ bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t . Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.“Slush fund” … “Banana Republic” … “Keystone Kops.” Technical Economic Indicators Worsening Again Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation Previous suckers’ bear market rally into the close with 300+ point swing to the upside [wall street frauds’ nirvana commissioning a huge decline then a huge incline just a program loop, button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to record low Economy so bad commodity prices plunge along with PPI. Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 859) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession The Great Depression of the 21st Century: Collapse of the Real Economy “The Dollar Standard Is Coming To An End” Financial Crisis Tab Already In The Trillions... Busted in Washington Housing starts expected to hit half-century low Washington is Powerless to Stop the Coming Economic Depression Whitehead sees slump worse than Depression Dollar’s Days Numbered, Buy Commodities: Jim Rogers America’s economic crisis is beyond the reach of traditional solutions U.S. Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. 53,000 layoffs from Citigroup, and many more announced and may more to come from a multitude of companies to yield predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies, manure, etc.), while his expert joins the metaphysical fray quoting ‘to save man from his folly is to people the world with fools’ and goes on to say everything looking bad, things are not good, how long the deep recession-don’t know, not there yet; while another expert says things have gone from bad to worse. Indeed, one expert says US To Lose Its ‘AAA’ Rating/face default/bankruptcy, while Motek’s expert says market poised to test new lows, points to uncertainty regarding bailout equivocation/changes and talks up, in a somewhat borderline senile fashion, some beaten down stocks on theory government will bail them out…riiiiight! Another Motek expert, actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself before congress and should be prosecuted, points to incompetence regarding bailout saying couldn’t have been handled worse and not mentally up to it. One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 The immortal words of J.P.Morgan remain apposite as ’ it is not so much the return on the money as it is the return of the money’ , so sell/take profits while you can and preserve capital. Previously modest losses relative to reality with rally/programmed trades to the upside into the close to finish off substantially lower lows to keep the suckers’ suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. America is now a nation of bank holding companies (to take advantage of involuntary taxpayer bailouts), paper hanging wall street frauds (it’s the worthless multiplicity of securitized and heavily commissioned worthless paper that is the problem), and brazened ponzi’s (sic) (more, more, and more funds to keep their commission ball rolling) on wall street; and of course, their marks. Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous suckers’ bear market rally/programmed trades to the upside into the close to keep the suckers’ suckered so still great opportunity to sell/take profits while you can since much, much worse to come, as stocks finish only modestly lower relative to reality on grim economic/business news across the board, viz., b.s. talking point gives way to reality that China stimulus plan lessens availability of funds for the purchase of worthless u.s./dollar denominated securities/assets and may even require sale/redemption of same, GM shares hit 62 year low at $3.36 as analyst says said shares will go to - 0- (nil, with Ford’s shares at $1.93), Motek expert points to employment contraction for 15 months in a row and Conference Board Report regarding said job losses; while another emphasizes the futility of the bailouts which are get worse/larger in reference to what he terms slush funds, the bank tax windfall initiated in the dark of night, things will get progressively worse in the upcoming administration, u.s. spending far beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s. ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , bankruptcies, defaults, foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers’ bear market rallies/strength/take profits while you can as much, much worse to come. Much worse than expected jobs (240,000 lost, unemployment to 6.5%) and auto news (operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business hour even his oftimes wall street shill expert admitted to his credit that their was absolutely nothing to account for the rise in stock prices this day especially in light of the substantially bad and worse than expected news, says GM has enough cash to last to spring while Ford till summer, and says volatility for rest of the year. Economist says worse to come as very severe recession at least through 2009 and into 2010, and also there’s allusion to yet another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation losses continue GM, Ford losses worse than expected, burning cash Jobless ranks hit 10 million, most in 25 years Ford announces $129M 3Q loss, burns $7.7B in cash Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to reality [Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 904) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year high and worse to come, abysmal retail sales worst in 3 decades, unit labor costs rose at a higher than expected 3.6% annual rate as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars, and weak business prospects, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much worse to come. Previous session sees modest drop relative to reality though record post-election plunge so still great opportunity to sell/take profits while you can since much, much worse to come. All news so bad (reality even worse) that even shill co. ADP can’t hide at least 157,000 lost private sector jobs where deep cuts are necessary, Challenger et als say layoffs will abound with cuts broad and deep, Motek expert says dismal market for at least next several weeks but cautious citing some oil, engineering, utilities, healthcare opportunities with caveat along with some emerging markets, service sector much weaker than expected and planned layoffs highest in three decades. Treasury wants to borrow record $550B...US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record level to Sell $55 Billion in Long-Term Debt Next Week Previous session, all news decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3% in August, much worse than the 0.8% decline that was expected, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since much, much worse to come. Previous, ( Worst is yet to come for economy ) as economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982, corrupt, scandal-scarred commerce department comes in with 40% better than expected false construction numbers though still down a hefty .3%, 90% of private economists say we’re in a recession and we’ll see much more lagging effect to the downside, realization that bad economic conditions going forward not frozen credit affecting lending despite their lies/fraud to buttress their fleecing of the treasury, Motek expert says another washout coming and we’ve not heard the last of those, ie., banks, companies, brokerages, etc., under the waves] , that lunatic frauds on wall street develop new b.s. talking point to keep suckers sucked in to this market so the wall street frauds can keep eating away at suckers’ money by commissioning same, the new talking point being ‘the election’. What total b**l s**t! They’re just a bunch of criminally insane vegetables who can’t do anything that they’re supposed to do well, ie, economics, finance, accounting, etc., and are hoping to escape accountability for their crimes. They must be prosecuted and disgorgement required because 1) It’s the law and to create a deterrent prospectively 2) Restore credibility and confidence in prosecutorial, regulatory, government/governmental bodies as opposed to their being accomplices, and the markets (which are just that; marketplaces, like fish markets, commodity markets, flea markets, etc., no big deal, particularly as the frauds operate them) 3) It’s the right thing to do because of the magnitude of the fraud (in the hundreds of trillions by some educated assessments) in the many trillions and the fraud on taxpayers (who have been damaged by their fraud and) by bailouts that are finding their way into compensation/bonus packages for the perpetrators . Previous session, suckers’ bear market rally for window dressing for dismal month and quarter to keep the suckers suckered in this secular bear market. Are you a sucker? One in five homeowners owe more than homes are worth, more unemployment to come, many more defaults personal/commercial, many trillions of previously commissioned worthless paper still carried/not written down, etc.. One of Motek’s experts, to his credit, points to reality in saying retreat to cash (take profits) in rallies as these (rallies on bad news), record declines in spending, economy has lots of negatives, insurance companies have lots of negatives, hedge funds liquidating, and importantly, 60% of trades computerized so great for generating commissions but bad for real value (as this week) and very volatile; while another expert echoes bear case as spending down across the board; while another empahasizes bad month on top of bad month for autos; while another says 2008 behind only 1929 and 1987 for bad; and another says no more room for rate cuts, more regulation, mortgage rates up; and finally, political and economic uncertainty cited. In sum, u.s. stocks over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case so sell into rallies/strength/take profits while you can as much, much worse to come. Don’t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution . Despite another big advance on Friday, paper losses in the U.S. stock market came to $2.5 trillion for the month, according to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all stocks traded in the United States. The 17.7 percent decline was the worst since the 23 percent drop in October 1987 and 1929. Previous day, suckers’ bear market rally on bad news. U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy shrank only 0.3 percent in the July-September period, still a significant slowdown after growth of 2.8 percent in the prior quarter in the summer, sending the strongest signal yet that a deep recession has already begun. Consumer spending, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter. One expert says multiple levels of things going wrong in u.s. recession, ie., consumer spending down and declining, housing recession, fraudulently worthless investments, worthless Weimar dollars that are being printed/created like mad, etc.. Another expert says fake GDP number in 3rd quarter does not capture slowdown which will be reflected in 4th quarter with minimum 2-4% decline. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous session, government (fake) numbers on durables (130% better than private estimates…I don’t think so!) and prospectively dollar-crushing 50 basis point rate cut (discounted b.s. talking point many times over by market in prior sucker session), 2.7% drop in the dollar, fed heads said the pace of economic activity has "markedly" slowed as consumer expenditures declined, while inflation pressures are expected (despite worthlessness of the Weimar dollar) to (temporarily) moderate due to the (temporary election year) drop in commodity prices and weaker economic prospects, so still great opportunity to sell into rallies/strength/take profits while you still can (like now) since much, much worse to come as all problems remain. Previous session, all news decisively bad with consumer sentiment far below expected 52% but realistically at 38%, personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse ), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters , White House projects record deficit for 2009 - CNN.com , dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade deficits accumulated over the last 10 years, the U.S. economy is about $1.5 trillion smaller. This comes to about $10000 per worker. The damage grows larger each month, as the Bush Administration and Democratic Congress dally and ignore the corrosive consequences of the trade deficit), war crimes/profiteering and global disdain for america and all things american and preposterously based on b.s. alone ie., dollar negative talking point of interest rate decrease (hyperinflationary as will be seen post-election), etc., suckers’ bear market rally on decidedly bad news, none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, so sell into rallies/strength/take profits while you can since much, much worse to come.

THE DOW JUMPS 900 POINTS. SO WHAT? BY MORGAN HOUSE

October 28, 2008 Only in today's market can the Dow have one of its biggest gains ever, on a day when consumer confidence logged its worst readings since it's been followed. After the Dow's nearly 900-point rally today, on what seemed like nothing but loads of bad news, you're right to stand back and wonder what in the world to make of this absurd volatility -- and more importantly, how to invest around it.The short, easy, and honest answer is that this volatility is spectacularly unreasonable, and you're foolhardy to try such an approach. Think about it: Only a few weeks ago, the Dow soared an equally impressive amount -- 936 points -- sending a wave of euphoria over markets, as if our troubles were behind us. Within days ... poof! The gains were gone. There's little reason to jump for joy over today's gain, either. Call me a party pooper, but the bad news in the economy hasn't disappeared, my friends…

Reality from Farrell: Bottom line: You've been scammed: This is total incompetence, … unethical and criminal. If you put your hard-earned $12,000 under the mattress for the last decade, it would have been worth more than the $11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if you also deduct the fund's 5.75% load (and/or commissions) and inflation of more than 30% the past decade, you see the stock market's a real loser. In short, after 10 years of blindly trusting the Wall Street's advice about stocks, it turns out that investing in the stock market is not a money-making machine, but a big fat greedy black hole that gobbles up your money. ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC... More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)? Jeremy Grantham … (some) benefits to the crisis, including increasing personal savings, an end to the hedge fund era, a reminder that government officials are not to be trusted, …among others…Grantham posits… 585 on the S&P 500 (versus today's 877). Frank Motek (back from vacation to save his business hour … none too soon since his program suffered mightily in his absence) experts say: lack of liquidity, new homes and home prices downward trend to continue, expect revisions; another says other nations loaned to u.s. and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out, grim outlook; another, a wall street shill points to better than expected new home sales [from scandal scarred/corrupt commerce department…riiiiight …(Home sales rise according to discredited commerce department relative to revised downward prior months sales (riiiiiight…that’s the way to work the statistics…at least the prior months fake stats can still be good for something) but prices sharply fall)] but to his credit does say there are a pile of concerns including liquidation of positions, ‘n carry trades’ (sic), yen/dollar disparity; r.e. analyst says median price for homes still heading down and another says new home sales this month not sustainable, foreclosures high even with freeze; oil analyst says oil demand in China down, impacting price; finally, another analyst says temporary dollar spike because of unwinding of leveraged trades (in dollars), commodities/assets/metals decline as investors/traders/holders sell off assets (cover margin calls, redemptions, etc.), u.s. stocks still over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case so sell into rallies/strength/take profits while you can as much, much worse to come. Previous session: you know the worst is yet to come when the so-called wizards of fraudulent wall street laud the day’s 5-9% decline as a pyrrhic victory (coulda been worse…..riiiiight!) that is neither victory nor the end of the downward adjustment to reality and the scope of their fraud, indeed one expert now points to the realization that america has become the exporter of economic weakness/fraud as hedge funds, etc., continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell into rallies/strength/take profits while you can as much worse to come. Markets Nosedive on Grim Economic News , World markets sink as recession realities spread , 79th anniversary of 1929 Wall Street Crash... , previous day suckers’ bear market rally/400 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!… sell into rallies/strength/take profits while you can since much, much worse to come Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets , Job losses accelerating, and the worst is ahead , Banks borrow record amount from Fed... , on top of previous day’s near 200 point swing to the upside into the close to keep the suckers suckered as ‘experts’ say: earnings 11% below expectations, business bad and getting worse, recession, substantial job cuts, big problems in Europe including writedowns of u.s. originated worthless fraudulent paper / another says realization source of the now global problems is u.s., fed throwing money at problems (wall street frauds) but not making it to the economy, not enough money to cover the negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory values, and another says reality implies 25% decline which is worst since 1937, sell into rallies/strength/take profits while you can since much, much worse to come Recession Will Last At Least Two Years: Roubini , Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says ; previous day modest losses relative to reality as only 15% of americans believe the nation is going in the right direction (what dummies!) which is slightly more than congress’ approval rate and just slightly less than bushes’ approval rate, More banks may fail, IMF warns , Weak profit picture and weak/declining economy worries and fear of being held criminally accountable for their fraud hurt Wall Street , sell into rallies/strength/take profits while you can since much, much worse to come , previous day’s suckers’ bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they’re going to print more worthless hyperinflationary Weimar dollars (that they don’t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come , The Crumbling U.S. Economy, Worse is Yet to Come , Worst slump since Great Depression , Rapid Downward Revisions in Expected Economic Growth , and all this b.s. despite reality on top of previous session suckers’ 500 point swing/programmed trades to the upside into the close to close modestly lower on much worse than expected news on top of previous suckers’ bear market rally/800 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!

The average investment-grade industrial company bond is yielding 4.95 percentage points over Treasuries with comparable maturities, Moody's says. That's about the long-term average for much riskier junk bonds. "It's the widest level since 1932-1933," says John Lonski, Moody's chief economist. That was during the, ahem, Great Depression.

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 ] 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))

(6-1-10) Dow 10,023 -113 Nasdaq 2222 -35 S&P 500 1,070 -19 [CLOSE- OIL $72.58 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.05 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,226 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.55 (+47% for year 2009) PLATINUM $1,549 (+56% for year 2009) / DOLLAR= .81 EURO, 91 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.26% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-28-10) Dow 10,136 -122 Nasdaq 2257 -21 S&P 500 1,089 -14 [CLOSE- OIL $73.92 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.05 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,212 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.42 (+47% for year 2009) PLATINUM $1,549 (+56% for year 2009) / DOLLAR= .81 EURO, 91 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.30% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-27-10) Dow 10,259 +285 Nasdaq 2277 +82 S&P 500 1,103 +35 [CLOSE- OIL $74.55 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.05 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,211 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.46 (+47% for year 2009) PLATINUM $1,538 (+56% for year 2009) / DOLLAR= .80 EURO, 91 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.35% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-26-10) Dow 9,974 -69 Nasdaq 2195 -15 S&P 500 1,068 -6 [CLOSE- OIL $71.39 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.05 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,213 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.31 (+47% for year 2009) PLATINUM $1,535 (+56% for year 2009) / DOLLAR= .82 EURO, 89 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.22% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-25-10) Dow 10,043 -23 Nasdaq 2210 -3 S&P 500 1,074 -0- [CLOSE- OIL $68.75 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.05 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,195 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.78 (+47% for year 2009) PLATINUM $1,513 (+56% for year 2009) / DOLLAR= .81 EURO, 90 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.16% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-24-10) Dow 10,066 -127 Nasdaq 2213 -15 S&P 500 1,074 -14 [CLOSE- OIL $70.22 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.05 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,193 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.90 (+47% for year 2009) PLATINUM $1,526 (+56% for year 2009) / DOLLAR= .81 EURO, 90 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.20% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-21-10) Dow 10,193 +125 Nasdaq 2229 +25 S&P 500 1,088 +16 [CLOSE- OIL $70.04 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,176 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.65 (+47% for year 2009) PLATINUM $1,506 (+56% for year 2009) / DOLLAR= .79 EURO, 89 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.20% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-20-10) Dow 10,068 -376 Nasdaq 2204 -94 S&P 500 1,072 -44 [CLOSE- OIL $68.01 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,189 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.71 (+47% for year 2009) PLATINUM $1,495 (+56% for year 2009) / DOLLAR= .79 EURO, 90 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.26% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-19-10) Dow 10,444 -67 Nasdaq 2298 -19 S&P 500 1,115 -6 [CLOSE- OIL $69.87 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,193 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.13 (+47% for year 2009) PLATINUM $1,605 (+56% for year 2009) / DOLLAR= .81 EURO, 91 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.36% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-18-10) Dow 10,511 -115 Nasdaq 2317 -37 S&P 500 1,120 -16 [CLOSE- OIL $69.41 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,215 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $19.03 (+47% for year 2009) PLATINUM $1,660 (+56% for year 2009) / DOLLAR= .82 EURO, 92 YEN, .70 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.38% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-17-10) Dow 10,626 +5 Nasdaq 2354 +7 S&P 500 1,136 +1 [CLOSE- OIL $70.06 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,227 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.91 (+47% for year 2009) PLATINUM $1,665 (+56% for year 2009) / DOLLAR= .80 EURO, 92 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.47% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-14-10) Dow 10,620 -163 Nasdaq 2346 -48 S&P 500 1,135 -22 [CLOSE- OIL $71.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,228 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $19.23 (+47% for year 2009) PLATINUM $1,715 (+56% for year 2009) / DOLLAR= .80 EURO, 92 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.45% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-13-10) Dow 10,783 -114 Nasdaq 2394 -31 S&P 500 1,157 -14 [CLOSE- OIL $74.40 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,229 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $19.50 (+47% for year 2009) PLATINUM $1,731 (+56% for year 2009) / DOLLAR= .79 EURO, 92 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.53% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-12-10) Dow 10,896 +149 Nasdaq 2425 +49 S&P 500 1,171 +15 [CLOSE- OIL $75.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,243 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $19.66 (+47% for year 2009) PLATINUM $1,739 (+56% for year 2009) / DOLLAR= .79 EURO, 93 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.56% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-11-10) Dow 10,748 -37 Nasdaq 2375 -0- S&P 500 1,156 -4 [CLOSE- OIL $76.37 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,220 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $19.29 (+47% for year 2009) PLATINUM $1,700 (+56% for year 2009) / DOLLAR= .79 EURO, 93 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.53% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-10-10) Dow 10,785 +405 Nasdaq 2374 +109 S&P 500 1,159 +49 [CLOSE- OIL $76.80 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,200 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.55 (+47% for year 2009) PLATINUM $1,689 (+56% for year 2009) / DOLLAR= .78 EURO, 93 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.54% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-7-10) Dow 10,380 -140 Nasdaq 2265 -54 S&P 500 1,110 -17 [CLOSE- OIL $75.11 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,210 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.45 (+47% for year 2009) PLATINUM $1,665 (+56% for year 2009) / DOLLAR= .78 EURO, 91 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.43% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-6-10) Dow 10,520 -348 Nasdaq 2320 -83 S&P 500 1,128 -38 [CLOSE- OIL $77.11 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,197 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.53 (+47% for year 2009) PLATINUM $1,653 (+56% for year 2009) / DOLLAR= .79 EURO, 91 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.40% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-5-10) Dow 10,868 -59 Nasdaq 2402 -22 S&P 500 1,166 -8 [CLOSE- OIL $79.97 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,175 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.53 (+47% for year 2009) PLATINUM $1,669 (+56% for year 2009) / DOLLAR= .77 EURO, 94 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.59% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-4-10) Dow 10,926 -225 Nasdaq 2424 -74 S&P 500 1,174 -29 [CLOSE- OIL $82.74 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,169 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.84 (+47% for year 2009) PLATINUM $1,695 (+56% for year 2009) / DOLLAR= .77 EURO, 94 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.59% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(5-3-10) Dow 11,151 +143 Nasdaq 2498 +37 S&P 500 1,202 +15 [CLOSE- OIL $86.19 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,183 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.83 (+47% for year 2009) PLATINUM $1,723 (+56% for year 2009) / DOLLAR= .75 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-30-10) Dow 11,009 -159 Nasdaq 2461 -51 S&P 500 1,186 -20 [CLOSE- OIL $86.15 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,180 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.63 (+47% for year 2009) PLATINUM $1,745 (+56% for year 2009) / DOLLAR= .75 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.66% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-29-10) Dow 11,167 +122 Nasdaq 2511 +40 S&P 500 1,207 +15 [CLOSE- OIL $85.17 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,169 [video] Gold Surges   Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.54 (+47% for year 2009) PLATINUM $1,735 (+56% for year 2009) / DOLLAR= .75 EURO, 94 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.73% …..…     AP Business Highlights             ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International    MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10      6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file]     Risks Lurk for ETF Investors        The bull market that never was/were beyond wall street b.s. when measured in gold             Property Values Projected to Fall 12% in 2010 Jan 31, 2010           The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010     01-13-10 Forecast for 2010 from Seeking Alpha Contributor     THE COMING MARKET CRASH / CORRECTION   1-28-10 Maierhofer          (01-15-10) 11 Clear Signs Economy Sinking     Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover     Current Economic / Fiscal Charts         Trendsresearch.com forecast for 2009     1-7-10 Crash is coming!          ‘WORST ECONOMIC COLLAPSE EVER’       Must Read Economic / Financial Data                     This Depression is just beginning     The coming depression… thecomingdepression.net     MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC       The Next Wave of Collapse is Coming Sooner than you think       Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-28-10) Dow 11,045 +53 Nasdaq 2471 –0- S&P 500 1,191 +7 [CLOSE- OIL $83.22 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,172 [video] Gold Surges   Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.10 (+47% for year 2009) PLATINUM $1,713 (+56% for year 2009) / DOLLAR= .75 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.77% …..…     AP Business Highlights             ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International    MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10      6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file]     Risks Lurk for ETF Investors        The bull market that never was/were beyond wall street b.s. when measured in gold             Property Values Projected to Fall 12% in 2010 Jan 31, 2010           The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010     01-13-10 Forecast for 2010 from Seeking Alpha Contributor     THE COMING MARKET CRASH / CORRECTION   1-28-10 Maierhofer          (01-15-10) 11 Clear Signs Economy Sinking     Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover     Current Economic / Fiscal Charts         Trendsresearch.com forecast for 2009     1-7-10 Crash is coming!          ‘WORST ECONOMIC COLLAPSE EVER’       Must Read Economic / Financial Data                     This Depression is just beginning     The coming depression… thecomingdepression.net     MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC       The Next Wave of Collapse is Coming Sooner than you think       Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-27-10) Dow 10,992 -213 Nasdaq 2471 -51 S&P 500 1,183 -28 [CLOSE- OIL $82.44 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,162 [video] Gold Surges   Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.11 (+47% for year 2009) PLATINUM $1,720 (+56% for year 2009) / DOLLAR= .75 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69% …..…     AP Business Highlights             ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International    MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10      6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file]     Risks Lurk for ETF Investors        The bull market that never was/were beyond wall street b.s. when measured in gold             Property Values Projected to Fall 12% in 2010 Jan 31, 2010           The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010     01-13-10 Forecast for 2010 from Seeking Alpha Contributor     THE COMING MARKET CRASH / CORRECTION   1-28-10 Maierhofer          (01-15-10) 11 Clear Signs Economy Sinking     Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover     Current Economic / Fiscal Charts         Trendsresearch.com forecast for 2009     1-7-10 Crash is coming!          ‘WORST ECONOMIC COLLAPSE EVER’       Must Read Economic / Financial Data                     This Depression is just beginning     The coming depression… thecomingdepression.net     MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC       The Next Wave of Collapse is Coming Sooner than you think       Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-26-10) Dow 11,205 +0 Nasdaq 2523 -7 S&P 500 1,212 -5 [CLOSE- OIL $84.22 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,154 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.34 (+47% for year 2009) PLATINUM $1,745 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-23-10) Dow 11,204 +70 Nasdaq 2530 +11 S&P 500 1,217 +8 [CLOSE- OIL $85.13 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,153 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.20 (+47% for year 2009) PLATINUM $1,739 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-22-10) Dow 11,134 +9 Nasdaq 2519 +14 S&P 500 1,208 +2 [CLOSE- OIL $83.70 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,142 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.01 (+47% for year 2009) PLATINUM $1,726 (+56% for year 2009) / DOLLAR= .75 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.77% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-21-10) Dow 11,125 +7 Nasdaq 2505 +4 S&P 500 1,205 -1 [CLOSE- OIL $83.68 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,146 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.07 (+47% for year 2009) PLATINUM $1,735 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.74% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-20-10) Dow 11,117 +25 Nasdaq 2500 +20 S&P 500 1,207 +9 [CLOSE- OIL $83.45 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,142 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.87 (+47% for year 2009) PLATINUM $1,719 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-19-10) Dow 11,092 +73 Nasdaq 2480 -1 S&P 500 1,197 +5 [CLOSE- OIL $81.45 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,135 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.73 (+47% for year 2009) PLATINUM $1,695 (+56% for year 2009) / DOLLAR= .74 EURO, 92 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-16-10) Dow 11,018 -126 Nasdaq 2481 -34 S&P 500 1,192 -20 [CLOSE- OIL $84.68 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,137 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.70 (+47% for year 2009) PLATINUM $1,689 (+56% for year 2009) / DOLLAR= .74 EURO, 92 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.77% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-15-10) Dow 11,145 +22 Nasdaq 2515 +11 S&P 500 1,211 +1 [CLOSE- OIL $86.75 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,159 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.43 (+47% for year 2009) PLATINUM $1,720 (+56% for year 2009) / DOLLAR= .73 EURO, 92 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.85% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-14-10) Dow 11,123 +103 Nasdaq 2504 +38 S&P 500 1,210 +13 [CLOSE- OIL $85.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,155 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.45 (+47% for year 2009) PLATINUM $1,729 (+56% for year 2009) / DOLLAR= .73 EURO, 93 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-13-10) Dow 11,019 +13 Nasdaq 2465 +8 S&P 500 1,197 +0 [CLOSE- OIL $84.05 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,151 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.22 (+47% for year 2009) PLATINUM $1,726 (+56% for year 2009) / DOLLAR= .73 EURO, 93 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-12-10) Dow 11,006 +8 Nasdaq 2458 +3 S&P 500 1,196 +2 [CLOSE- OIL $84.34 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,162 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.35 (+47% for year 2009) PLATINUM $1,714 (+56% for year 2009) / DOLLAR= .73 EURO, 92 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.85% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-9-10) Dow 10,997 +70 Nasdaq 2454 +17 S&P 500 1,194 +7 [CLOSE- OIL $84.92(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.75 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,162 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.35 (+47% for year 2009) PLATINUM $1,714 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-8-10) Dow 10,927 +29 Nasdaq 2436 +5 S&P 500 1,186 +4 [CLOSE- OIL $85.39 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.75 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,153 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.13 (+47% for year 2009) PLATINUM $1,711 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.90% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-7-10) Dow 10,897 -72 Nasdaq 2431 -6 S&P 500 1,182 -7 [CLOSE- OIL $85.88 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.75 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,153 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.20 (+47% for year 2009) PLATINUM $1,713 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-6-10) Dow 10,969 -4 Nasdaq 2436 +7 S&P 500 1,189 +2 [CLOSE- OIL $87.09 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.75 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,136 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.96 (+47% for year 2009) PLATINUM $1,717 (+56% for year 2009) / DOLLAR= .74 EURO, 94 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.96% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-5-10) Dow 10,974 +46 Nasdaq 2429 +26 S&P 500 1,187 +9 [CLOSE- OIL $86.62 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.73 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,130 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.13 (+47% for year 2009) PLATINUM $1,703 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.99% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(4-1-10) Dow 10,927 +70 Nasdaq 2402 +5 S&P 500 1,178 +8 [CLOSE- OIL $84.88 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.73 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,126 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.89 (+47% for year 2009) PLATINUM $1,675 (+56% for year 2009) / DOLLAR= .73 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-31-10) Dow 10,856 -50 Nasdaq 2398 -12 S&P 500 1,169 -4 [CLOSE- OIL $83.76 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.73 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,115 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.53 (+47% for year 2009) PLATINUM $1,646 (+56% for year 2009) / DOLLAR= .74 EURO, 93 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83% …..… AP Business Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

First quarter archive 2010

(12-31-09) Dow 10,428 -120 (plus 19% for year) Nasdaq 2269 -22 (plus 44% for year) S&P 500 1,115 -11 (plus 23% for year) (China Shanghai up 80%, Hong Kong 50%, Japan 19%, Europe 20-25%) [CLOSE- OIL $79.36 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.00 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,096 [video] Gold Surges Stocks/Gold Comparison (+24% for year 2008) / SILVER $16.83 (+22% for year 2008) PLATINUM $1,459 (+56% for year 2008) / DOLLAR= .69 EURO, 92 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.79% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME [Shadowstats’ John Williams: Prepare For The Hyperinflationary Great Depression `Roubini: 'The worst is yet to come'...` `Top Eurobank prepares for 'global economic collapse'...` CHINA: ‘The world does not have Money to buy more US Treasuries’ Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week The number you won’t hear mentioned anywhere in the Mainstream Media: 327,729. Food Stamps Go to a Record 37.2 Million, USDA Says Bloomberg …S&P sells on a price-to-earnings multiple of 88 after the recent financial results. That is a horrendous overvaluation. A reasonable p/e would be around 18-25…’ Economist Wachtel says practices that caused crisis in play, toxic assets still there, and economically sound lending not viable …El-Erian who oversees nearly $1 trillion in assets, more than the gross domestic product of most countries, says stocks will drop 10 percent in the space of three or four weeks, bringing the Standard & Poor's 500 index below 1,000 soon… Breaking Point 2010: Top Trends with Gerald Celente …DO YOU THINK IT IS POSSIBLE IN 2010 FOR THE UNITED STATES TO END UP AS BADLY AS ARGENTINA A DECADE AGO? “Worse! Worse than Argentina because our debt problems are worse. This is classic empire decline. Argentina was not even an empire. We’re fighting wars in foreign countries as we are depleting the Treasury .…That’s why we are calling it: Breaking Point 2010!” Peter Shiff: Economic collapse in near future / 2010, coming decade worse than past decade Last decade was the worst ever in the stock market Jay Bookman | In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s. Foreclosure / distressed sales up again and a lunatics’ santa claus rally as in bubble-crashes past WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL ST (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide** …

Beginning Fourth quarter with Eventful November archive 2009

Beginning Fourth quarter with Eventful October archive 2009

AUGUST 31, 2009 THROUGH SEPTEMBER 28, 2009 - BUSINESS UPDATES

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” Entering the Greatest Depression in History Andrew Gavin Marshall | The economic crisis is anything but over, the “solutions” have been akin to putting a band-aid on an amputated arm. June 30, 2010

U.S.National Debt (real time)

6-2-10

Come on! Foreclosure / distressed sales at record levels, tax credits for purchases with money defacto bankrupt america doesn’t really have, and some short covering; so rally based on b* s* alone. This is a great opportunity to SELL / TAKE PROFITS!

Double Dip in Action: -2% U.S. GDP in Q3 Larry Doyle ‘…Since we first reported that our "trailing quarter" had slipped into contraction on January 15th, we have charted how the current 2010 version of the consumer contraction event compares with prior similar events in 2006 and 2008. The current event is significantly different; while it is not as severe as the 2008 contraction, it has already lasted longer without forming a clearly defined bottom. We know that if the GDP mirrors consumer activities (as at least 70% of it should, net of inventory adjustments), both the 2nd and 3rd quarters of 2010 should be contracting at a level of between 1% and 2%. If this isn’t a classic "W" shaped "double dip," it is at least the downward glide of a plane with sputtering engines. From our perspective the ‘economy’ lives where the consumer spends; everything else is merely the consequence of the downstream flow of commerce from the initial consumer "demand." For this reason the official GDP measurements poorly reflect what is happening in the real-time economy, because they merely capture backward-looking factory production levels far downstream, as augmented by governmental redistribution of earlier tax collections and new public debt. Even John Maynard Keynes would have had to admit that governmental stimulus has to ultimately cause increases in aggregate consumer demand for a real recovery to be happening. We simply aren’t seeing that yet. What is around the bend as we navigate the economic landscape? A double dip on our economic trail. Thanks to Rick Davis and the Consumer Metrics Institute for his fabulous work.’

Goldman Sachs sold $250 million of BP stock before spill The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP. Iran To Dump 45 Billion Euros For Gold Bullion & Dollars The Central Bank of Iran is set to dump a whopping 45 billion euros in exchange for gold bullion and dollars as Gulf states also prepare to flee from the ailing single currency amidst debt turmoil in Europe that threatens to disintegrate the entire region. Euro to Go Under $1.20 ‘Almost Certainly’: Gartman The euro will drop even further against the dollar because Europe’s problems will not be easy to solve, Dennis Gartman, author of “the Gartman Letter,” told CNBC Tuesday. VERY IMPORTANT AND OVERLOOKED REALITY: Why the fluoridation of public water supplies is illegal Municipalities all across America are currently dripping fluoride chemicals into their public water supply, dosing over a hundred million Americans with a chemical that they claim “prevents cavities.” Into the Abyss: The Cycle of Debt Deflation Before It’s News

US manufacturing growth rate ’slowed in May’ BBC | The US manufacturing sector expanded for its 10th consecutive month in May, but at a slower rate, a survey says.

War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq.

Iran haze contains depleted uranium Tehran Times | The aerosol produced during impact and combustion of depleted uranium munitions can potentially contaminate wide areas around the impact sites or can be inhaled by civilians and military personnel.

european central banks intervened to shore up the ever more worthless euro, buying into that fraudulent wall street b*** s*** story that that ‘s a good thing, rallying stocks off their lows. It is amazing how dumb europe has become so quickly. An exception is what I believe was Germany’s steps against derivatives, which market according to a derivatives trader on the radio this day is a $40 trillion market (missed his name). To reiterate as applicable to yet another fraudulent scheme previously stated, said market is paper on paper moving around and generating commissions at lightning computerized speed but adding no real value in real economic terms; again, the analogy of termites eating away at the (nation’s) foundation is apposite. As such, that money has to come from some real place and hence, the ever more frequent and larger crashes we are seeing. Don’t forget that the worthless paper from previous such fraudulent schemes now marked to anything is still out there in a magnitude some have placed in the hundreds of trillions.

The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3′ money supply fell to $13.9 trillion from $14.2 trillion during the three months ending in April. [ This is still an extraordinarily high level but … I don’t buy it. I believe the printing presses have been working overtime to pump out ever more worthless fiat currency and with the many trillions of worthless fraudulent paper still out there and marked to anything. I further believe the same is being surreptitiously used to supplant the fraudulent paper, the consequences of which will be devastating, of course, as is invariably so in depressions in any event. This scenario would also mean huge fraud accomplis. ] Fiat Money Supply Contracting at Great Depression Level The bankster operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top economic adviser, has told Congress to “grit its teeth” and approve a fresh fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph. Fiat Money Supply Contracting at Great Depression Level Kurt Nimmo | The Federal Reserve stopped publishing M3 figures back in 2006.

Sell in May and Go Away, Indeed [ I wasn’t kidding; and, I’m still not kidding when I say: This is a great opportunity to sell / take profits because there’s much worse to come! ]

Forecasts from Dent, Napier, and then Prechter: 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.

10 Reasons to Worry About Margin Growth … a good portion of these factors will likely impact margins by the end of the year. I don’t believe this is adequately factored into earnings estimates across the board. Given this, I believe we have seen the highs for the year and next few quarters will be extremely volatile ...

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Business Insider | “Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!”

The frauds on wall street et als should be criminally prosecuted, jailed, and disgorgement imposed. If that were so, they wouldn’t be worrying about who wins / loses since those who fraudulently play, invariably would (and should) pay. If they’re not prosecuted, everyone loses.

POST MORTEM AND REVIEW Ricky:
A post mortem is in order. The elements of this worldwide con game are remarkably simple, not complex at all. Apparently you only need a few things to make a mockery of the entire global economic system, and big banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based on unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.

SELL IN MAY AND GO AWAY!

THE FORECASTS:
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 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.

According to the Debt Clock:

• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211

Click here to see the Debt Clock, which is updated every second.

• Total personal debt: $16.5 trillion
• Total mortgage debt: $14.1 trillion
• Total consumer debt: $2.45 trillion
• Personal debt per citizen: $53,483
• Debt held by foreign countries: $4.07 trillion

http://www.usdebtclock.org Get Real Time U.S. Debt Data

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto bankrupt america in intractable decline.

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD!

OOOOH! ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE EAST IN SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL SEES THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE; ESSENTIALLY SAYS TO THE WORLD AND IRAN ‘TO PRESS ON WITH NUCLEAR AMBITIONS’.

Turkish Parliament Calls for Review of Ties With Israel Lawmakers in the Turkish parliament are urging the government to review political, economic and military ties with Israel in the wake of Israel’s deadly raid on a Gaza-bound aid flotilla. Gunman Goes On Rampage In UK, Kills 12 Twelve people have been killed by a gunman who went on the rampage across Cumbria in north-west England. The mass shooting is England’s worst since 1987, when gun fanatic Michael Ryan killed 16 people in Hungerford, Berkshire. Israel rejects call for independent probe Israel began deporting all the foreign activists detained during a deadly raid on a Gaza-bound aid flotilla, as international pressure mounted for a full investigation of the incident. Americans protest deadly Israeli attack In reaction to Israel’s deadly attack on a Gaza-bound humanitarian Flotilla, massive anti-Israeli protests have erupted across the United States. Notch Up Another Disaster for Israel’s Well-Oiled Propaganda Machine An old Israeli saying describing various less-than-esteemed military leaders says: “He was so stupid that even the other generals noticed.” The same derisive remark could be applied almost without exception to the present generation of Israeli politicians.

Sec. State Clinton Calls for Israel to Investigate Itself in Flotilla Incident Kurt Nimmo | The globalist dog and pony show otherwise known as the United Nations has called for an investigation. What can you possibly expect from a clinton-american! Al Qaeda Number 3 Killed… Again Steve Watson | Three really does seem to be the magic number. Calls Increase for Government to Regulate Internet Journalists and Bloggers Kurt Nimmo | Corporate media is propaganda in the name of the state. Damage that Could Last for Decades Greg Hunter | This gusher will guarantee a financial downturn this year. Bilderberg 2010: Globalists Panic Over Euro Collapse Paul Joseph Watson | Elite to seek reassurances from Spanish leaders that ultimate agenda for global currency will not be derailed

Misleading Photos Used by Israeli Ministry of Foreign Affairs to Justify Killing Activists Kurt Nimmo | Governments tell pathological lies and it is the job of the corporate media to disseminate these lies.

Eyewitness and victim recounts Israeli flotilla attack Infowars.com | Woman on aid flotilla describes how unarmed passengers were beaten and had bags put over their heads.

Israel under pressure to lift Gaza siege JERUSALEM: Israel's deadly raid on a Gaza-bound aid flotilla has put huge pressure on the Jewish state to lift its blockade of the Hamas-ruled enclave. Turkish activists get hero's welcome in Istanbul Israeli PM defends Gaza blockade 'Israel wanted highest number of fatalities' UN rights body sets probe into flotilla raid Editorial: Another aid ship A seventh vessel with aid for Gaza was reportedly still steaming toward Palestine last night. The MV “Rachel Corrie” was apparently delayed in Cyprus for 48 hours by mechanical problems and was therefore not part of the Freedom Flotilla, which the Israelis intercepted so murderously on Monday. This further brave challenge to the illegal Israeli blockade by the Irish-flagged vessel is the more powerful because aboard her is a Nobel Peace laureate from Northern Ireland, Mairead Corrigan Maguire, who has insisted that there are no arms in the cargo.

Israel rejects new drive to ban nukes from Mideast The Associated Press - Amy Teibel

JERUSALEM - Israel, thought to be the Middle East's only nuclear power, has rejected a new UN call to come clean about its secretive nuclear program, calling it a "deeply flawed and hypocritical" act that ignores the threat posed by its sworn enemy ... Diplomatic arm twisting breaks deadlock at nuclear NPT confab Xinhua Israel rejects UN conference resolution on non-proliferation CNN

NASA Charged in New Climate Fakery: Greenhouse Gas Data Bogus Shock new evidence of a NASA scientist faking a fundamental greenhouse gas equation shames beleaguered space administration in new global warming fraud scandal.

30 Shocking Quotes About The Gulf Of Mexico Oil Spill That Reveal The Soul-Crushing Horror This Disaster Is Causing It is incredibly hard to put into words the absolute horror that is happening in the Gulf of Mexico right now. The millions of gallons of oil that have gushed into the Gulf of Mexico and BP’s efforts to fight the massive leak are turning the Gulf into a lifeless toxic stew of oil and chemicals.

Bilderberg 2010: Globalists Panic Over Euro Collapse The presence of Spain’s heavyweight political and financial leaders at this year’s Bilderberg conference is not just because the secretive annual confab is taking place just outside Barcelona – it’s because the Bilderberg elitists are panic stricken at the possibility that their embryonic global currency – the euro – could be heading for total collapse. US Mint Out Of Not Only Silver But Gold American Eagles As Well After following up with the Mint, any shipments and deliveries of American Eagle 2010 edition both gold and silver are TBD and the mint has no idea on when these will be received if at all this year. Calls Increase for Government to Block First Amendment Speech and Regulate Internet Journalists and Bloggers Outrage is rising over a Michigan lawmaker’s plan to introduce a bill to license bloggers and internet-based journalists. The mere threat of retaliatory actions would be enough to dissuade many commentators from daring to issue a word of criticism or skepticism” and would result in self-censorship.

Paul Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo | John McCain worked overtime to make sure Vietnam POWs never came home. I think the even bigger story vis-à-vis mccain is: http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called "american heroe" john mccain was referred to by his fellow pows in Vietnam as something akin to the "songbird" inasmuch as he was constantly "singing" to his Viet-Cong captors to curry favor and better treatment? This has been documented with authority by Colonel David Hackworth. The same violates military code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm ] But, you see, this covered up scenario, compromizing the false facade of far less than a heroe, is exactly what a criminal (lie of a) nation as america loves and encourages (get everyone's hands dirty so no-one dares to rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone asked how "wall street" has been "spared the spotlight" (and even was accorded protective legislation from their criminal culpability) and focus of inquiry, attention, and prosecution despite being the primary beneficiaries financial and otherwise of these scams (you know the wall street motto, "churn and earn"; huge conflicts of interest if not outright fraud)…’

Coalition wants UK space lift-off [ Don’t make me laugh! ]

Israel’s Nukes Out of the Shadows Israel faces unprecedented pressure to abandon its official policy of “ambiguity” on its possession of nuclear weapons as the international community meets at the United Nations in New York this week to consider banning such arsenals from the Middle East.

NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more:

Launch of secret US space ship masks even more secret launch of new weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - ‎CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. `And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.`

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad.

War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq. Sinking of the Cheonan: A Classic False Flag Operation Russia Today | Sinking of the warship was really intended to convince Japan not to move US forces off Okinawa as well as divert the attention of Americans from the dire economic situation at home. . Israel: IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The government of israel, aided by many quarters of the international media, is attempting to spin today’s deadly IDF assault on a humanitarian aid ship carrying supplies to Gaza as the fault of the murdered activists on board the vessel, ludicrously characterizing machine-gun carrying Israeli troops who killed over a dozen innocent people as the victims of the incident.

Murder on the high seas JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at least 10 rights activists were killed, triggering a diplomatic crisis and an emergency session of the UN Security Council. European nations, as well as the United Nations and Turkey, voiced shock and outrage at the bloody end to the international campaigners' bid to break Israel's blockade of the Gaza Strip

Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A report links labs in the United States and Israel to the Cryptococcus gatti fungus that has killed several people in the United States.

Iraqi doctors demand cancer probe Al Jazeera | Iraqi doctors believe depleted uranium from US military equipment used in the 2003 invasion is spreading cancer through the population. [This is all too true and real; and I’m surprised this hasn’t gotten more attention, coverage … well, maybe not that surprised ].

"What this means is that Neanderthals are not totally extinct. In some of us, they live on," Paabo … With regard to that extinction thing, I’d say they’re still working on it (ultimately, decades, extinction, the distinction, without a difference). Actually, prior to studying the compelling subject of Biological Anthropology (Michael Park text), I too had some misconceptions about the group known as Neandertals (recent spelling drops the ‘h’) and actually mis-referenced same by the stereotypical image of members of said clade even as the debate continues as to whether they are within the species homo sapiens or a separate species. I believe these to be distinctions without important differences, so humble the origins and evolution of man truly are. Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks on the subject.

Neanderthals, Humans Interbred, DNA Proves

Signs of Neanderthals Mating With Humans - ‎Neanderthals mated with some modern humans after all and left their imprint in the human genome. Genome hints humans, Neanderthals rolled in prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil analysis finds For more info on man’s humble beginnings, see here http://www.albertpeia.com/anthroindex1.htm

`Previously I wrote:`

`FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and the many like it, are old news and I subscribe to the more studied view that there is no “missing link” per se and in my view they are distinctions without significant differences. I previously wrote:`

To Learn More About From Whence Man Came, This Link's For You

[To the Professor at the beginning of the course]

   10-5-09 Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but indeed to express profound thanks inasmuch as this is probably the last formal course at a formal educational institution I'll ever take; and among the most important. While I had bought at discount a library-discarded 1993 Anthropology by Embers text, though meaning to read same never quite got to it. I am astounded by the substantial amount of time involved in the evolutionary process, not that I ever stopped to think about it, and one must come away with the sense of 'and all that...for this?'. This course should be required curriculum along with psychology, sociology, etc., but probably won't be owing to what is, as it should be, a very humbling educational experience for any member of the human race.
             Regards,
                                  Al Peia

[Interestingly, my intuitive (but unstudied) thoughts prior to closer examination of the compelling subject of Biological Anthropology remain what I believe to be the correct scenario. Specifically, very simply stated, for the most part, the more “enlightened” (but not by much; by mutation, accident, luck, intervention, etc.) left the unvarying confines of their Sub-Saharan origins, experienced diverse new environs, challenges, etc., experienced what has been described (by neuroscientists, psychologists, etc.) as neurogenesis in varying degrees and forms thereby over time, which trait was selected for and is consistent with the purported multi-regional evolutionary model which does not overtly contradict ultimately, initial African origins. Races, sub-species, missing links, etc., are subsumed in this very humbling and sorrowful tale of the “dawn of man”.]

[Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

Don’t Tread On Me: A Refresher Course on the Constitution

`BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... ABOLISH THE CORRUPT, ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND EXPERIENCE . (PREVIOUSLY ARCHIVED)`HOWEVER, THIS LATEST "CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:

· · Response to App. Div. OSC

· · STATE OF CALIFORNIA ethics complaint

· · Response to Sup.Ct. OSC

· · designation of record on appeal

· · The so-called "order" appealed from.
How embarrassing for the superior court of the state of california!

· · Typical corrupt banana republic america/california court

Dirty money digitally laundered … a wall street, atlantic city, and american story … a very bad one and [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Fraud: It’s Much Bigger Than Goldman Sachs Regulatory reform debate obscures key fact: Everybody’s getting money bribes from Wall Street

Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare moment for one to say that a sleazy hypocrite like blago, who is on corrupt federale-connected mobster trump’s celebrity apprentice, happens to be correct based upon facts / reality and my own direct observation and experience and the law – Don’t forget to include corrupt federal judges as maryanne trump barry, sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-called system is pervasively corrupt and broken] (AP) [Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

Drudgereport: DREAD IN THE MED: ISRAEL CONCERNED TURK NAVY WITH NEXT FLOTILLAJapanese prime minister intends to resign over U.S. Marine base... Developing...

Activists send new boat to challenge blockade...
Irish ship latest to try and breach embargo...
Thousands of Gazans rush for Egyptian border...
Turkey Slams u.s. Response as american war criminals they are ...
...Israeli gov't defends the Indefensible because they’re war criminals
'Next time we'll use more force'...
Ahmadinejad: 'israeli commandos are wild dogs (yes, they they are mad dogs)'...
...wants Netanyahu to (and netanayahu should) face trial
US consulate issues advisory for Israel...
JERUSALEM POST News Feed...

Israel faces int'l fury over flotilla...
Bloody raid...
Turkey warns of 'consequences'...
Israel in eye of storm...
Thousands protest, clashes in Athens...
Paris: Demonstrators tried to break into Israeli embassy... Oil sheen confirmed less than 10 miles from Florida beach... Developing...
Robots succeed, cut well pipe; oil gushes into Gulf... Gulf oil spill threat widens, BP shares drop... WHITE HOUSE: FLOW RATE OF BP'S SPILL COULD INCREASE BY 20% DURING NEW OPERATION...
'OIL COMING UP UNTIL AUGUST'... Israel recoils as USA wisely backs UN move...DAY 41: NO END IN SIGHT... U.S. Plans 'for Worst' in Gulf... Czech President: Euro Zone has failed... Feds Telling BP 'What to Do'...

Latest Attempt by BP to Plug Oil Leak in Gulf of Mexico Fails...
BP now throwing GOLF BALLS into the oil well...
Prepares Backup Plan...
Pelosi blames Bush admin...
Parish President: Obama 'Chewed Me Out'...
BP Buses In 400 Workers During Obama's Visit...
Maher: Obama Not Acting Like A 'Real Black' President...

'mafia king cuomo' Mocked At NY Convention... Dow Average Ends Worst May Since 1940... Brutal...
Credit rating cut deals blow to Spain... Debt Burden... WARS: US Prepares for Largest Battle in Afghanistan...

PAPER: Israel to deploy nuclear submarines in Persian Gulf... Bankruptcy talk spreads among California muni officials... BP Resumes Effort to Seal Oil Well After Daylong Halt...
Stops video of leaking pipe, blames dirty lens...
Spill could be twice the EXXON Valdez...
22-mile-long deep-sea plume discovered...
Oil washes over 100 miles of Louisiana coast...
Obama to Americans: Go to beaches; most still open...
Landrieu: President will pay political price... Issa: Job offer scandal could be Obama's 'Watergate'... 'Top Kill' Operations Start in Attempt to Plug Leaking Gulf Oil...
Spill hits over 100 miles of Louisiana coast...[video] A Summer Of Slumping Stocks

CHINA WISELY SHOULD SHIELD NKOREA
NKorea bracing, severing all ties with South....
New Chinese aggression..
Israel drill raises tensions... CBSNEWS POLL: Americans Pessimistic, Dissatisfied with Washington... MOODY'S: Debt Level, Spending Pose Risk to America's Aaa Credit Rating... Another Vacation? Obama schedules second since oil spill...
Withdrew to Grove Park Inn & Spa as flow began to grow...
BUT makes time to host fundraiser for Boxer...
FINALLY: Bows to pressure: Will visit Gulf Coast during vacation...
BUT Will skip Memorial Day ceremony at Arlington Nat'l Cemetery... ONLY to return for Paul McCartney concert! SYRIA: Obama has failed in peace efforts; Lost influence in Mideast... RASMUSSEN: OBAMA APPROVAL DROPS TO 44%...
Dem Freshmen Run Away...
63% Now Favor Repeal of HealthCare Law... READY FOR NEW ‘GULF OF TONKIN’ / WAR...
US plans naval exercises with SKorea... Gold Rising; Speculators buying faster than producers can mine...
US Plays Down European Crisis but China Worried...
Immelt: European economy 'teetering'...wobama’s wet dream with new jive of New “International Order” despite nation’s defacto bankruptcy and policies that have left allies defacto bankrupt as well in jive session At West Point          Uses teleprompters... Tepid applause from cadets: Cuts 'That's a lot of cheering' line from prepared remarks …Sestak confirms WH job offer to get out of Senate race … to save specter whose specter is no more in those hallowed halls he sullied as less than inspector specter from JFK assassination, to financial assassination of the nation, etc. ... ... Anger mounts as oil blackens Louisiana coast... GOP takes House seat in Obama's Hawaiian home district.. Crisis Imperils Benefits Long Expected by Europeans... Britain faces aggressive cuts in 'age of austerity' having leapt like lemmings into american oblivion ... France poised to raise retirement age...
Fiscal crises threaten Europe's generous benefits...
SPAIN SEIZES SAVINGS BANK IN RESCUE BID AS TALKS FAIL... Public beach in Louisiana closed as oil washes up... Mass layoffs spike led by manufacturing...
Report: CA borrowed $7 billion from feds to pay jobless benefits...
Nine NY workers retired with $100k+ pensions -- in their 30s... Stocks Drop Most in a Year on Economic Reports, European Debt Crisis...
Roubini: Stocks to Tumble Another 20%, Cash the Safest Place...
Strains Accumulate...
Fed official: Europe's crisis poses risks to USA...
Confusion over regulation moves trigger sell-offs... Unemployment spike largest in 3 months...
German Finance Minister: Markets Out of Control...
Greeks strikers march on parliament against cuts... Rand Paul wins KY Senate race…Specter loses...
Grim milestone: 1,000 Americans dead...
DEMSASTER: SENATE CANDIDATE 'LIED' ABOUT SERVING IN VIETNAM
DOW AT SAME LEVEL IT WAS -- 10 YEARS AGO!
Bankruptcies resume upward path... Mortgage delinquencies, foreclosures break records... State pensions becoming federal issue; Bail-out cost potentially more than $1T...
Greece May Take Legal Steps Against U.S. Banks for Crisis...
Euro Breakup Concerns Grow...
Germans lose faith...
Merkel: Rescue package 'just buys time'... Roubini Says Greece 'Tip of Iceberg' as Sovereign Debt Threatens Recovery...
Geithner: 'I Never Had A Real Job'… sounds like a plan!...
Tent City In New York Set Up In Hopes For Elevator Job...      camped out for 3 days for chance at getting an application
NATIONAL ENQUIRER CLAIMS OBAMA CHEATING SCANDAL... 'Hotel security video could topple Obama's presidency'...
GOLDMAN BOSS VISITED WHITE HOUSE AT LEAST 4 TIMES...
GOLDMAN SACHS CEO endorses Dem Banking Bill: 'Wall Street will benefit'...
GREECE CUT TO JUNK...    Doubts intensify...     Spreads to Portugal...
Stephen Hawking: Aliens exist but don't talk to them -- it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s inhumanity to man? … Such humble beginnings and evolutionary history … What’s not to like? … Besides, not to worry. With their advanced technologies that defy human understanding, the aliens already know you’re here … to stay. So, not to worry. After all, as we know from that documentary of that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on earth in a very big way also going for it! ...

Seeing Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best, decades.

6-1-10

Bank Failures: The U.S. Economic Contagion Euro slips after Germany's president resigns Clearly, to kohler’s credit, he must have realized how stupid his remarks in support of the Afghanistan misadventure were. Warning Signs Of Full Spectrum Collapse Are Everywhere Giordano Bruno | All eyes have been focused on the Greek situation for the past month, but we cannot let this one storm of the financial crisis distract us from the other threats that lie just beyond the horizon.

Gold To $10,000? Peter Schiff thinks that is a real possibility — see page 45 of the current BusinessWeek. There is no doubt that when benchmarked against the CPI, money supply and GDP, gold can easily double from here. Another Blatant EUR Intervention Leads To 150 pip EURUSD Move In Seconds With all the grace of a drunk Keynesian at an Austrian economists meeting, the Central Banks once again kill the EUR shorts and intervene to prop it up, for a ridiculous 250 pips intraday move. Europe’s Coming Summer Of Discontent The summer of 2010 promises to be the most tumultuous summer in the short history of the European Union. The sovereign debt crisis sweeping the continent threatens to cause economic and political instability on a scale not seen in Europe for decades.

Stocks Fall in a Sinkhole: Dave s Daily (at TheStreet.com) ECB warns of more bank loan losses (Reuters) CitiFinancial to close 330 branches, 3 in Mo. (at bizjournals.com)

Personal Income, Spending Released: The Future Will Be Getting Worse

John Brown: Now, uncertainty has returned with a vengeance and the stock market has booked its first official 10% correction since this tenuous 'bull' market began in the spring of 2009. In recent days, markets have shown signs of life - but nascent rallies have been quickly smothered. I believe there are five fundamental reasons for this persistent uncertainty.

1) First, the world's second most held currency, the euro, is threatened with possible extinction. The massive $750 billion bailout package for Greece will not cure Greece's dependence on entitlements, and will likely only buy time until a debt restructuring. The world is looking to major nations such as the United States, Germany, and even the United Kingdom to backstop the likely future funding obligations of bankrupt states such as Spain, Portugal, and Italy. However, these so-called 'major' nations have little or no money; they themselves have borrowed massively. The only real savior available for the euro is China. So, you can imagine the feeling in Brussels when the Financial Times reported this week that the Chinese government is "reviewing" its euro holdings in light of the spreading debt crisis. It is now dawning on investors that the euro may be down for the count. As a result, key support levels for the currency are giving way.

2) Second, there is deep concern among investors that a lurching socialism may change Western economies fundamentally. Just this week, it was announced that the percentage of US personal income coming from private sector earnings hit an all-time low... just 41%! As a corollary, the percentage of income coming from direct government payments has risen sharply in recent years and is now at an all-time high. To support the growing welfare state, taxes on society's dwindling producers must increase. This is no way to grow an economy - and investors know it.

3) Third, rates at which banks and finance houses lend to each other are rising. Although central banks continue to hold short term rates low, stoking ever more consumer borrowing and spending, businesses are increasingly starved for credit.

4) Fourth …The machinations of the financial sector are almost universally blamed for the economic crisis, whether on CNN or C-SPAN. The politicians 'investigating' the 'greed' of Wall Street appear to be motivated more by revenge than risk reduction. With unabashed distortion of the facts, politicians forget that it was Congress that repealed the Glass Steagall Act (a set of regulations made necessary by government deposit insurance), pushed mortgage lenders Freddie Mac and Fannie May to lower their loan requirements, and approved entitlement programs that have sapped productivity from the American economy. They forget that it was the Federal Reserve that injected trillions of monopoly dollars into the world economy to rescue Washington from the last recession it created. These massive strategic errors were the direct fault of the US and other Western governments …

5) The fifth factor spooking markets is Germany's reaction to the euro crisis. The government unexpectedly resorted to the same 'protective' regulations employed by the US in 2008, including banning naked short sales of the securities of select financial houses. In America, this type of measure fanned widespread suspicion that the government was worried about the prospects of the firms it selected for special protection. Many German banks have major exposure to Portugal, Italy, Greece and Spain (a.k.a. the PIGS). It is not surprising that the German government has tried to shield them from market punishment, but the measure is likely to backfire…

War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq. Sinking of the Cheonan: A Classic False Flag Operation Russia Today | Sinking of the warship was really intended to convince Japan not to move US forces off Okinawa as well as divert the attention of Americans from the dire economic situation at home. Steve Wynn Takes On Washington CNBC | Steve Wynn, a casino resort/real-estate developer who has been credited with spearheading the dramatic resurgence and expansion of the Las Vegas Strip, talks about the Fall of America. Israeli convoy attack viewed critically by Russia A military action against a controversial aid convoy heading to the Gaza Strip that left 10 dead was “unjustified,” a Russian official told the Interfax news agency Monday. America’s dead in Afghanistan since 2001 Full list of U.S. fatalities of the war in Afghanistan. Sad milestone: Cost of US wars ‘passes $1 trillion’ The cost of the United States’ wars in Afghanistan and Iraq have cost taxpayers more than one trillion dollars, a Massachusetts nonprofit said Sunday, marking a grim milestone on the eve of the Memorial Day holiday

China Real Estate Bubble Bursts in Bond Market: Credit Markets France warns on credit rating (Reuters) The ECB Blasts Governmental Fear-Based Racketeering, Questions Keynesianism, Believes The Fed’s Powers Are Overestimated `Czech President: Euro Zone has failed...`

China warns debt woes threaten global recovery China warned on Monday that Europe’s struggle to contain ballooning debt posed a risk to global economic growth, raising the specter of a double-dip recession. France warns on credit rating France admitted on Sunday that keeping its top-notch credit rating would be “a stretch” without some tough budget decisions, following German hints that Berlin may resort to raising taxes to help bring down its deficit. Spanish Voters Will Force The Government To Dissolve Before Major Austerity Measures Can Be Passed Spain’s ruling Socialist party, led by prime minister Jose Luis Rodriguez Zapatero, has seen its popular support collapse. Fiat Money And Schemes Collapsing Goldman Sachs will get a hand slap, the Greek Tragedy continues, signs of growth not real, more market manipulation to report on, never incremental news, a broken system of risk-free trade and return.

Top German Bankers See Plot To Funnel Bailout Money To French Banks From the beginning, it’s been clear that the bailout of Greece would be a bailout in large part of French banks, owing in part to the fact that French banks had the biggest exposure. Greece urged to give up euro THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy. Europe: A Continent Of Lies And Broken Promises; How The EU Elite Got It Wrong On The Euro Openeurope.org.uk has put together a paper of the most blatant half-truths, propaganda, and outright lies, abused by Europe not only over the past month, but also over the past 10 years, for the entire duration of the now rapidly collapsing eurozone experiment. US Constitution May Be Suspended: War, National Emergency and “Continuity of Government” Peter Dale Scott | A small cabal was able to supersede the Constitution, and Congress has failed, despite repeated requests, to do anything about it.

Devices turn cellphones into credit card processors

Israeli convoy attack viewed critically by Russia A military action against a controversial aid convoy heading to the Gaza Strip that left 10 dead was “unjustified,” a Russian official told the Interfax news agency Monday. Israel Attacks Unarmed Americans in International Waters The most outrageous possible scenario is unfolding off the coast of Gaza, where humanitarian peace activists including several U.S. doctors have been attacked in a deadly confrontation with Israeli forces. US singles out Israel, calling for its membership in nuclear Non-Proliferation Treaty Washington’s unprecedented backing for a UN resolution for a nuclear-free Middle East that singles out Israel has both angered and deeply worried the Jewish state although officials are cagey about openly criticising their biggest ally.

“Attack against South Korean ship looks like false flag operation” While international investigators have accused North Korea of sinking a South Korean patrol corvette in March, China has taken a more cautious position. Beijing suspects false flag attack on South Korean corvette WMR’s intelligence sources in Asia suspect that the March attack on the South Korean Navy anti-submarine warfare (ASW) corvette, the Cheonan, was a false flag attack designed to appear as coming from North Korea. Analysts question Korea torpedo incident How is it that a submarine of a fifth-rate power was able to penetrate a U.S.-South Korean naval exercise and sink a ship that was designed for anti-submarine warfare?

Analysts question Korea torpedo incident Washington Post | How is it that a submarine of a fifth-rate power was able to penetrate a U.S.-South Korean naval exercise and sink a ship that was designed for anti-submarine warfare? Gulf of Tonkin Redux: Did an American Mine Sink South Korean Ship? New America Media | Any attempt to falsify evidence and engage in a media cover-up for political purposes constitutes tampering, fraud, perjury and possibly treason. Beijing suspects false flag attack on South Korean corvette Wayne Madsen | One of the main purposes for increasing tensions on the Korean peninsula was to apply pressure on Japanese Prime Minister Yukio Hatoyama to reverse course on moving the U.S. Marine Corps base off Okinawa.

american sports hero and cage fighter 'rips out still-beating heart of training partner'...A U.S. cage fighter ripped out the heart of his training partner while he was still alive after becoming convinced he was possessed by the devil, it was alleged today. Jarrod Wyatt also cut out Taylor Powell's tongue and ripped off most of his face in a brutal assault that police said looked like a scene from a horror film, officers said. They claim they found the 26-year-old standing naked over his friend's body with parts, including an eyeball, strewn around the blood splattered room in Klamath, California …

Israeli ships stalk pro-Palestinian aid flotilla (AP) Hamas renews offer to end fight if Israel withdraws (Reuters) Israel rejects call to join anti-nuclear treaty PAPER: Israel to deploy nuclear submarines in Persian Gulf... Israel recoils as USA wisely backs UN move...

New records show some lobbyists are top fundraisers for political c...

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto bankrupt america in intractable decline.

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD!

Israel rejects new drive to ban nukes from Mideast The Associated Press - Amy Teibel

Nuke-free Mideast The call by the United Nations for a Mideast free of nuclear weapons offers yet again a new opportunity to bring Israel into the nonproliferation treaty process while also stopping Iran or any other regional power from acquiring a nuclear arsenal. The Israelis of course have denounced the decision by some 200 member signatories of the Nuclear NonProliferation Treaty (NPT), saying it is discriminatory because it singles them out … israel plays the jew card! … You can’t make this stuff up! How totally, but typically israeli, preposterous.

Regulators shut 5 banks as 2010 tally hits 78 3 Fla. banks, 1 each in Nev., Calif. shut down (AP) FDIC: Failed Bank List http://www.fdic.gov/bank/individual/failed/banklist.html

Sell in May and Go Away, Indeed [ I wasn’t kidding; and, I’m still not kidding when I say: This is a great opportunity to sell / take profits because there’s much worse to come! ]

This is a global depression. This is a secular bear market in a global depression. This was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes.

The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3′ money supply fell to $13.9 trillion from $14.2 trillion during the three months ending in April. [ This is still an extraordinarily high level but … I don’t buy it. I believe the printing presses have been working overtime to pump out ever more worthless fiat currency and with the many trillions of worthless fraudulent paper still out there and marked to anything. I further believe the same is being surreptitiously used to supplant the fraudulent paper, the consequences of which will be devastating, of course, as is invariably so in depressions in any event. This scenario would also mean huge fraud accomplis. ] Fiat Money Supply Contracting at Great Depression Level The bankster operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top economic adviser, has told Congress to “grit its teeth” and approve a fresh fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph. Fiat Money Supply Contracting at Great Depression Level Kurt Nimmo | The Federal Reserve stopped publishing M3 figures back in 2006.

Europe: A Continent Of Lies And Broken Promises; How The EU Elite Got It Wrong On The Euro Openeurope.org.uk has put together a paper of the most blatant half-truths, propaganda, and outright lies, abused by Europe not only over the past month, but also over the past 10 years, for the entire duration of the now rapidly collapsing eurozone experiment. One Out Of Every Ten U.S. Banks Is Now On The FDIC’s Problem List – Do You Know If Your Bank Is Safe? Do you know if your bank will be there next month? For a growing number of Americans, that is becoming a very real question. “Civil Rights” and Total War William Norman Grigg | The chief accomplishment of the civil rights movement was not the validation of the individual rights of those victimized by government-imposed discrimination, but rather the validation and enhancement of federal power. US acknowledges mistaken attack on Afghan civilians The US military acknowledged today killing 23 civilians and wounding 12 others earlier this year after mistaking them for a convoy of Taliban insurgents. Too Many Wars Waged The “War on Drugs,” like the “War on Terror,” ends up being an undertaking with no definable victory in sight. No matter how vigorously the federal government prosecutes its “war” on drugs, people will still use drugs. Third Giant Underwater Oil Plume Discovered Today, the Washington Post is reporting that a third giant underwater plume has been discovered.

According to the Debt Clock:

• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211

Click here to see the Debt Clock, which is updated every second.

http://www.usdebtclock.org Get Real Time U.S. Debt Data

George W. Bush: ‘Starting Wars In Middle East Good For The Economy’ Take a wild guess who convinced George W. Bush that starting wars in the Middle East would be “good for the economy”? israel? … dumbya bush … worked like a charm!

COMMENTS

· NoMoBaama Says: June 1st, 2010 at 9:19 am I wish I could say that we have since learned since our days of support for moron, satanist dictators like this, but the blind acceptance of neocons like Palin, Romney and even the media darling Mike Huckster make me think otherwise. Anyone who touches the label of “Christian” seems to get a pass to use the war card for some really idiotic reasons. Recall, GW Bush did that also. Of course, “Christians” never discussed Bush’s nightly visits to the White House by a male prostitute, even though it was pretty obvious. I am sure they would also agree that war is good for the economy, makes your 401K rise, that is, until you get nuked and your your country is smoldering rubble. Then the economy seems less important. “Christians” out there need to recall what Christ taught about war, and decide who you are really following when you advocate it.

· Dilbert McGunnut Says: June 1st, 2010 at 5:24 am Bush must have read “Econ 101 for Warmongers and Dummies”. The whole 9/11, Iraq invasion, Pipelanistan invasion is all based on lies, lies, lies and hopefully WE the People are FINALLY waking up. Bush et al should be treated as war criminals.

· STARMAN Reply:June 1st, 2010 at 5:46 am THE BUSH STRATEGY MUST HAVE WORKED ,,,, WERE SUCH A STRONG ECONOMY NOW .

· Vic Says: June 1st, 2010 at 6:10 am Nice to see some people are awake and do not fall in this propaganda of war economics.
This is a sign of degradation when a world must rely on destruction to create economy.But as long as they recrute soldiers, this will not change. When the good men and women start deserrting massivelly the military on this planet, things will start to change rapidly.Without soldiers the thugs war lords will have to fight their own fights and this we all know they are cowards when isolated.Being courageous has nothing to do with having a weapon our hands. Courage goes a long way above this coward manifestation of power trip.One day humanity will wake up massivelly might not be in our time of life but they will eventually create Peace and get rid of evil.May peace and Love guide our world.

· Billo Says: June 1st, 2010 at 6:49 am George W. Bush: ‘Starting Wars In Middle East Good For The Economy’ Now look at the economy 10 years after the Neo-con Zionists fiasco. We are financially ruined, just the way they wanted us to be and they the “perps” made out like bandits.

· line_doggie Says: June 1st, 2010 at 7:19 am Bush was simply continuing the agenda followed by his predeecessors, and the current President is continuing.

· will hale Reply:June 1st, 2010 at 2:55 pm agreed!

· THE LAST STAND Reply:June 1st, 2010 at 6:50 pm agreed!

· Tom Reply:June 1st, 2010 at 7:23 pm Agreed!

US manufacturing growth rate ’slowed in May’ BBC | The US manufacturing sector expanded for its 10th consecutive month in May, but at a much slower rate, a survey says. Home Owners Stop Paying Mortgages The New York Times | More than 650,000 households had not paid in 18 months Warning Signs Of Full Spectrum Collapse Are Everywhere Giordano Bruno | All eyes have been focused on the Greek situation for the past month, but we cannot let this one storm of the financial crisis distract us from the other threats that lie just beyond the horizon.

Israeli Knesset Member: Israel Wanted High Number Of Fatalities A member of the Israeli Knesset, the legislative branch of the Israeli government, who was on board the Marmara ship when it was ambushed by IDF troops, has told reporters that the intention of the raid was to kill as many on board as they could in order to ward off others from attempting to reach Gaza by sea. Witnesses deny that any of aid protesters were armed Three visibly shaken Germans, who experienced a deadly raid by the Israeli military on an aid flotilla bound for Gaza, denied on Tuesday that anyone on board was armed, according to the news wire service AFP. Mavi Marmara Incident Sabotages Peace Process israel: Next Time We’ll Use More Force’ Two ships still heading towards Gaza In raw video, reporters claim Israelis fired on activists before boarding ship In what could be a serious blow to Israel’s narrative on the killing of at least nine humanitarian activists making their way to Gaza through international waters, raw video by an Al Jazeera producer, who was filming during the raid, appears to provide evidence that the IDF opened fire on the flotilla even before boarding it. Israel’s Attack on Us All It is quite astounding that Israel has been able to create over the past 12 hours a news blackout, just as it did with its attack on Gaza 18 months ago, into which our main media organizations have willingly allowed Israeli spokespeople to step in unchallenged. Three Killed In Gaza Airstrike As mossad Chief Says israel “Is Becoming A Burden On The US” It appears that tensions are escalating between Gaza and Isreal. The Jerusalem Post reports that 3 more Gaza civilians had been killed. Israel releases footage of weapons haul ‘found’ on Gaza peace ship as activists give harrowing accounts of ‘lake of blood’ raid The Israeli military today released footage of weapons it says were found during deadly commando raids on a flotilla of ships bound for Gaza. Israel jails 480 Gaza aid activists Israel has jailed 487 international activists captured during its deadly commando strike on a Gaza aid convoy, while 48 others are to be “expelled.” Turkish Sources – Israeli Advance Target Assassination List Found on Flotilla Turkish sources and media revealed a document which shows that a death list had been prepared in advance by the Israelis, showing names and pictures of people on board of the ships to be murdered, who, according to Israel, were “involved in the International humanitarian aid for Gaza”. Princess Diana ‘was killed for planning to expose senior Brits involved in the land mine trade’ Diana, Princess of Wales was killed because she planned to expose senior members of the British arms trade involved with land mines, a leading lawyer claimed today. Israel’s Attack on Us All It is quite astounding that Israel has been able to create over the past 12 hours a news blackout, just as it did with its attack on Gaza 18 months ago, into which our main media organizations have willingly allowed Israeli spokespeople to step in unchallenged.

Israel Promises “More Force” to Stop Aid Ships Headed to Gaza Kurt Nimmo | Can a country that considers itself a mad dog and engages in nuclear blackmail be trusted? Israeli Knesset Member: Israel Wanted High Number Of Fatalities Steve Watson | Navy Commander: “Next time we’ll use more force.” Irish Nobel Peace Laureate, Former U.N. Diplomat Sail for Gaza Kurt Nimmo | If the Israeli military arrests and detains Corrigan-Maguire and Halliday it may well end up experiencing more international condemnation. america’s Complicity in Evil Paul Craig Roberts | Americans will likely accept Israeli propaganda that Israelis were met by deadly fire when they tried to intercept an arms shipment to Palestinian terrorists.

Will israel be let off the hook, again? It all boils down to this: There is no law but israeli law, no legitimacy but israeli legitimacy and no truth but israel’s version of the truth. In spite of the shock, pain and anger that was felt across the world in reaction to israel’s bloody dawn attack against the humanitarian aid flotilla heading to Gaza on Monday, which killed and injured scores of international activists, the jewish state brushed aside condemnations and criticisms and appeared unrepentant and shameless. Shoura Council strongly condemns israeli attack RIYADH: The Shoura Council has strongly condemned the brutal israeli attack on a humanitarian flotilla that led to the deaths of at least 10 people on Monday. Israeli drone blows up three freedom fighters GAZA CITY: Three freedom fighters of the Popular Resistance Committee (PRC) were killed in an Israeli air strike north of the Gaza Strip, witnesses and medical sources said.

Brutal Thugs at Best, Deserving of the Moniker Given to Them by Some as ‘the Christ – killing jews (with roman muscle, to be fair)’ : Israel Forces Fired On Sleeping Civillians Under Cover Of Darkness Steve Watson | Heavily armed soldiers “began to shoot the moment their feet hit the deck.” Gaza Aid Flotilla: Israel Will Once Again Get Away with Murder Kurt Nimmo | Israel will not suffer meaningful consequence for its brutal attack on a flotilla of ships headed for Gaza earlier today. Israel: The Pariah of the International Community Pravda | The notion that Israel can get off scot-free after this latest act of terrorism is as unacceptable as it is true. Israel Forces Fired On Sleeping Unarmed Civillians Under Cover Of Darkness While the Israeli government is praising it’s soldiers as heroes and saying they were acting in self defence by firing on unarmed civilians flying a white flag in international waters, one group involved with the Freedom Flotilla has a quite different story. Gaza Aid Flotilla: Israel Will Once Again Get Away with Murder Israel will not suffer meaningful consequence for its brutal attack on a flotilla of ships headed for Gaza earlier today. Israel is basically allowed to kill anybody who opposes its annexation of Arab land and the wanton murder of Palestinians. Israel: IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The government of israel, aided by many quarters of the international media, is attempting to spin today’s deadly IDF assault on a humanitarian aid ship carrying supplies to Gaza as the fault of the murdered activists on board the vessel, ludicrously characterizing machine-gun carrying Israeli troops who killed over a dozen innocent people as the victims of the incident.

Murder on the high seasJERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at least 10 rights activists were killed, triggering a diplomatic crisis and an emergency session of the UN Security Council. European nations, as well as the United Nations and Turkey, voiced shock and outrage at the bloody end to the international campaigners' bid to break Israel's blockade of the Gaza Strip. Israel boat raid sparks condemnations, protests ANKARA, Turkey: Turkey withdrew its ambassador to Israel and called for an emergency session of the UN Security Council as condemnations erupted across Europe and the Arab world Monday over Israel's deadly commando raid on ships taking humanitarian aid to the blockaded Gaza Strip. Editorial: Terror at dawn Israel has once again shown its true colors to the world with its murderous piracy in international waters. What Palestinian President Mahmoud Abbas has so rightly called “a massacre” saw the death of at least 10 peace activists on board the lead ship of the six-vessel Freedom Flotilla and the injury of scores others, as heavily armed Israeli commandos seized the convoy and sailed it toward their port of Ashdod. Israeli sources put the toll at nine. The full details of this outrage are not yet clear since the Israeli authorities are censoring all reports and used sophisticated jamming technology to halt media broadcasts from the vessels as they were assaulted. Day of disgrace for u.s. and israel This morning a crime was perpetrated in the middle of the sea, by order of the government of Israel and the IDF Command. A warlike attack against aid ships and deadly shooting at peace and humanitarian aid activists was carried out. Top US official keeps quiet on flotilla raid JEDDAH: The US Secretary of Homeland Security refused to condemn the violence aboard an aid ship between Israeli soldiers and activists that left at least 10 people dead. EU demands inquiry into Israeli military action BRUSSELS: The European Union called for an immediate inquiry into deaths aboard aid ships seized by Israel's navy on Monday and urged Israel to allow the free flow of humanitarian aid to the Gaza Strip.

Barack Obama: Liar, Warlord, and Corporate Shill Stephen Lendman | What else to expect from a corporate shill president, spearheading the Gulf disaster coverup from day one, while claiming he’s been “in charge” since it happened, and it’s his “job to make sure that everything is done to shut this down.”

Yeah! A TV series is already in the works with the following theme song:

The capital hillbillies

Let met tell you the story ‘bout a former president named wobama,
Despite his actions not his words was unpopular in Alabama,
and then one day when things seemed goin’ mighty smooth,
When up from the Gulf came a bubblin’ crude,
Oil that is, Texas Tea Party.

Well the first thing you know wobama’s runnin’ scared,
Kenyan folk said gotta’ move away from there,
Said the South Pacific is the place you oughta’ be,
So they loaded up the boat and they moved to Hawaii.

Third verse, same as the first.

BP Commands Government to Strangle Off Media Coverage of Oil Gusher Kurt Nimmo | You will not fully understand the severity of the situation until it is far too late.

Forecasts from Dent, Napier, and then Prechter: 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.

10 Reasons to Worry About Margin Growth … a good portion of these factors will likely impact margins by the end of the year. I don’t believe this is adequately factored into earnings estimates across the board. Given this, I believe we have seen the highs for the year and next few quarters will be extremely volatile ...

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Business Insider | “Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!”

SELL IN MAY AND GO AWAY!

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto bankrupt america in intractable decline.

FOR THOSE WHO WANT TO SACRIFICE AMERICAN LIVES, RESOURCES, PEACE, AND PROSPERITY FOR ISRAEL, THE MESSAGE IN VERY STRONG TERMS SHOULD BE ‘MOVE TO ISRAEL’:

Lest We Forget This is #33 in AMEU's Public Affairs Series Americans for Middle East Understanding March, 2006 Many of the events catalogued here have been treated in depth in AMEU's bimonthly publication, The Link. website: www.ameu.org . Lest We Forget The Israeli lobby in Washington has successfully influenced the U.S. Congress to give billions of non- -repayable dollars each year to Israel on the premise that Israel's loyalty and strategic importance to the United States make it an ally worthy of such unprecedented consideration. Is it ? In his Farewell Address, George Washington warned Americans to avoid a passionate attachment to any one nation because it promotes "the illusion of an imaginary common interest in cases where no real common interest exists." In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Israeli actions over the past 53 years involving U.S. interests in the Middle East seriously challenge the "strategic asset" premise of the Israeli lobby. Some of these actions are compiled in the list that follows:
September 1953: Israel illegally begins to divert the waters of the Jordan River. President Eisenhower, enraged, suspends all economic aid to Israel and prepares to remove the taxdeductible status of the United Jewish Appeal and of other Zionist organizations in the United States.
October 1953: Israel raids the West Bank village of Kibya, killing 53 Palestinian civilians. The Eisenhower administration calls the raid "shocking," and confirms the suspension of aid to Israel. July 1954: Israeli agents firebomb American and British cultural centers in Egypt, making it look like the work of the Egyptian Muslim Brotherhood in order to sabotage U.S.- -Egyptian relations.
October 1956: Israel secretly joins with England and France in a colonial-style attack on Egypt's Suez Canal. Calling the invasion a dangerous threat to international order, President Eisenhower forces Israel to relinquish most of the land it had seized. 1965: 206 pounds of weapons grade uranium disappear from the Nuclear Materials and Equipment Corporation plant in Pennsylvania. Plant president is Zalmon Shapiro, a former sales agent for the Israel Defense Ministry. C.I.A. Director Richard Helms later charges that Israel stole the uranium.
June 1967: Israel bombs, napalms and torpedoes the USS Liberty, killing 34 Americans, wounding 171 others, and nearly sinking the lightly armed intelligence ship. The Chairman of the Joint Chiefs of Staff, Admiral Thomas Moorer, charges that the attack "could not possibly have been a case of mistaken identity." June 1967: Against U.S. wishes Israel seizes and occupies Syria's Golan Heights. June 1968: Israeli Prime Minister Golda Meir rejects U.S. Secretary of State William Rogers Peace Plan that would have required Israel to withdraw from the occupied territories; she calls upon Jews everywhere to denounce the plan.
March 1978: Israel invades Lebanon, illegally using U.S. cluster bombs and other U.S. weapons given to Israel for defensive purposes only. 1979: Israel frustrates U.S.-sponsored Camp David Accords by building new settlements on the West Bank. President Carter complains to American Jewish leaders that, by acting in a "completely irresponsible way," Israel's Prime Minister Begin continues "to disavow the basic principles of the accords." 1979: Israel sells U.S. airplane tires and other military supplies to Iran, against U.S. policy, at a time when U.S. diplomats are being held hostage in Teheran. July 1980: Israel annexes East Jerusalem in defiance of U.S. wishes and world opinion. July 1981: Illegally using U.S. cluster bombs and other equipment, Israel bombs P.L.O. sites in Beirut, with great loss of civilian life. December 1981: Israel annexes Syria's Golan Heights, in violation of the Geneva Convention and in defiance of U.S. wishes. June 1982: Israel invades Lebanon a second time, again using U.S. cluster bombs and other U.S. weapons. President Reagan calls for a halt of all shipments of cluster bomb shells to Israel. September 1982: Abetted by Israeli forces under the control of Defense Minister Ariel Sharon, Lebanese militiamen massacre hundreds of Palestinians in Beirut's Sabra and Shatila refugee camps. President Reagan is horrified and summons the Israeli ambassador to demand Israel's immediate withdrawal from Beirut. September 1982: Israeli Prime Minister Menachem Begin rejects President Reagan's Peace Plan for the occupied territories. January-March 1983: Israeli army "harasses" U.S. Marines in Lebanon. Defense Secretary Caspar Weinberger confirms Marine commandant's report that "Israeli troops are deliberately threatening the lives of American military personnel . . . replete with verbal degradation of the officers, their uniforms and country." March 1985: Israeli lobby in Washington pressures the U.S. Congress to turn down a $1.6 billion arms sale to Jordan, costing the U.S. thousands of jobs, quite apart from the financial loss to American industry. Jordan gives the contract to Russia. A frustrated King Hussein complains: "The U.S. is not free to move except within the limits of what AIPAC [the Israeli lobby], the Zionists and the State of Israel determine for it." October 1985: Israeli lobby blocks $4 billion aircraft sale to Saudi Arabia. The sale, strongly backed by the Reagan administration, costs the U.S. over 350,000 jobs, with steep financial losses to American industry. Saudi Arabia awards contract to England.
November 1985: Jonathan Jay Pollard, an American recruited by Israel, is arrested for passing highly classified intelligence to Israel. U.S. officials call the operation but "one link in an organized and well-financed Israeli espionage ring operating within the United States." State Department contacts reveal that top Israeli defense officials "traded stolen U.S. intelligence documents to Soviet military intelligence agents in return for assurances of greater emigration of Soviet Jews." December 1985: U.S. Customs in three states raid factories suspected of illegally selling electroplating technology to Israel. Richard Smyth, a NATO consultant and former U.S. exporter, is indicted on charges of illegally exporting to Israel 800 krytron devices for triggering nuclear explosions. April 1986: U.S. authorities arrest 17 persons, including a retired Israeli General, Avraham Bar-Am, for plotting to sell more than $2 billion of advanced U.S. weaponry to Iran (much of it already in Israel). General Bar-Am, claiming to have had Israeli Government approval, threatens to name names at the highest levels. U.S. Attorney General of New York calls the plot mind-boggling in scope. July 1986: Assistant Secretary of State Richard Murphy informs the Israeli ambassador that a U.S. investigation is under way of eight Israeli representatives in the U.S. accused of plotting the illegal export of technology used in making cluster bombs. Indictments against the eight are later dropped in exchange for an Israeli promise to cooperate in the case. January 1987: Israeli Defense Minister Yitzhak Rabin visits South Africa to discuss joint nuclear weapons testing. Israel admits that, in violation of a U.S. Senate anti-apartheid bill, it has arms sales contracts with South Africa worth hundreds of millions of dollars. Rep. John Conyers calls for Congressional hearings on Israel-South Africa nuclear testing. November 1987: The Iran-Contra scandal reveals that it was Israel that had first proposed the trade to Iran of U.S. arms for hostages. The scandal becomes the subject of the Tower Commission Report, Senate and House investigations, and the Walsh criminal prosecution inquiries. April 1988: Testifying before U.S. Subcommittee on Narcotics, Terrorism and International Operations, Jose Blandon, a former intelligence aide to Panama's General Noriega, reveals that Israel used $20 million of U.S. aid to ship arms via Panama to Nicaraguan Contras. The empty planes then smuggled cocaine via Panama into the United States. Pilot tells ABC reporter Richard Threlkeld that Israel was his primary employer. The arms-for-drugs network is said to be led by Mike Harari, Noriega's close aide and bodyguard, who was also a high officer in the Israeli secret services and chief coordinator of Israel's military and commercial business in Panama. June 1988: Mubarak Awad, a Palestinian-American advocate of nonviolence, is deported by Israel. The White House denounces the action, saying, "We think it is unjustifiable to deny Mr. Awad the right to stay and live in Jerusalem, where he was born." June 1988: Amnesty International accuses Israel of throwing deadly, U.S.-made gas canisters inside hospitals, mosques, and private homes. The Pennsylvania manufacturer, a major defense corporation, suspends future shipments of tear gas to Israel. November 1989: According to the Israeli paper Ma’ariv, U.S. officials claim Israel Aircraft Industries was involved in attempts to smuggle U.S. missile navigation equipment to South Africa in violation of U.S. law. December 1989: While the U.S. was imposing economic sanctions on Iran, Israel purchased $36 million of Iranian oil in order to encourage Iran to help free three Israeli hostages in Lebanon. March 1990: Israel requests more than $1 billion in loans, gifts, and donations from American Jews and U.S. government to pay for resettling Soviet Jews in occupied territories. President Bush responds, My position is that the foreign policy of the U.S. says we do not believe there should be new settlements in the West Bank or East Jerusalem. June 1990: Officials in the Bush administration and in Congress say that Israel has emerged as leading supplier of advanced military technology to China, despite U.S.'s expressed opposition to Israeli-Chinese military cooperation. September 1990: Israeli Foreign Minister David Levy asks the Bush administration to forgive Israel's $4.5 billion military debt and dramatically increase military aid. Israeli Defense Minister Moshe Arens expresses concern over expected $20 billion in U.S. arms sales to Saudi Arabia and asks for an additional $1 billion in military aid to Israel. Facing rising congressional opposition, White House backs off from plan to sell Saudi Arabia over $20 billion in military hardware. Bush administration promises to deliver additional F-15 fighters and Patriot missiles to Israel, but defers action on Israel's request for more than $1 billion in new military aid. Arens questions U.S.'s commitment to maintain Israel's military advantage in the Middle East. October 1990: Aliya cabinet chair Ariel Sharon encourages increase in settlement of Soviet Jews in East Jerusalem, despite his government's assurances to the U.S. that it would not do so. Bush sends personal letter to Prime Minister Shamir urging Israel not to pursue East Jerusalem housing. Shamir rejects appeal. November 1990: In his new autobiography, former President Reagan says Israel was the instigator and prime mover in the Iran-Contra affair and that then-Prime Minister Shimon Peres was behind the proposal. January 1991: White House criticizes Israeli ambassador Zalman Shoval for complaining that U.S. had not moved forward on $400 million in loan guarantees and that Israel had not received one cent in aid from allies to compensate for missile damage (in Gulf War). U.S. says comments are outrageous and outside the bounds of acceptable behavior. February 1991: Hours after long-disputed $400 million loan guarantees to Israel are approved, Israeli officials say the amount is grossly insufficient. Next day, Israel formally requests $1 billion in emergency military assistance to cover costs stemming from the Gulf War. March 1991: Israeli government rejects President Bush's call for solution to Arab-Israeli conflict that includes trading land for peace. In a report to Congress, U.S. State Department says Soviet Jewish immigrants are settling in the occupied territories at a higher rate than the Israeli government claims. During tour of West Bank settlements, Housing Minister Sharon says construction of 13,000 housing units in occupied territories has been approved for next two years. Plans contradict statement by Prime Minister Shamir, who told President Bush that the Israeli government had not approved such plans. April 1991: Prime Minister Shamir and several members of his cabinet reject U.S. Secretary of State Baker's suggestion that Israel curtail expansion of Jewish settlements in the occupied territories as gesture for peace. U.S. calls new Jewish settlement of Revava an obstacle to peace and questions Israel's timing, with Secretary Baker due to arrive in Israel in two days. Hours before Baker arrives, eight Israeli families complete move to new settlement of Talmon Bet. U.S. ambassador to Israel William Brown files an official protest with the Israeli government about establishment and/or expansion of settlements in the West Bank. Housing Minister Sharon says Israel has no intention of meeting U.S. demands to slow or stop settlements. Secretary Baker, in a news conference before leaving Israel, says Israel failed to give responses he needed to put together a peace conference. May 1991: Israeli ambassador to U.S. Zalman Shoval says his country will soon request $10 billion in loan guarantees from Washington to aid in settling Soviet Jewish immigrants to Israel. Secretary Baker calls continued building of Israeli settlements ?largest obstacle? to convening proposed Middle East peace conference. May 1991: President Bush unveils proposal for arms control in Middle East. U.S. administration confirms that Israel, which has not signed the Nuclear Non-Proliferation Treaty, has objected to provision on nuclear weapons. June 1991: Prime Minister Shamir rejects President Bush's call for Israeli acceptance of a greater United Nations role in proposed Arab-Israeli peace talks. July 1991: Israeli Housing Minister Sharon inaugurates the new Israeli settlement of Mevo Dotan in the West Bank one day after President Bush describes Israeli settlements as counterproductive. September 1991: President Bush asks Congress to delay considering Israeli loan guarantee request for 120 days. Ignoring pleas of U.S. administration, Israel formally submits its request. Prime Minister Shamir says U.S. has a moral obligation to provide Israel with loan guarantees, and that Israel would continue to build settlements in the occupied territories. October 1991: The Washington Post reports that President Bush waived U.S.-mandated sanctions against Israel after U.S. intelligence determined that Israel had exported missile components to South Africa. November 1991: Hours after concluding bilateral talks with Syria, Israel inaugurates Qela, a new settlement in the Golan Heights. Secretary of State Baker calls the action provocative. February 1992: Secretary of State Baker says U.S. will not provide loan guarantees to Israel unless it ceases its settlement activity. President Bush threatens to veto any loan guarantees to Israel without a freeze on Israel’s settlement activity. March 1992: U.S. administration confirms it has begun investigating intelligence reports that Israel supplied China with technical data from U.S. Patriot missile system. April 1992: State Department Inspector issues report that the department has failed to heed intelligence reports that an important U.S. ally widely understood to be Israel was making unauthorized transfers of U.S. military technology to China, South Africa, Chile, and Ethiopia. May 1992: Wall Street Journal cites Israeli press reports that U.S. officials have placed Israel on list of 20 nations carrying out espionage against U.S. companies. June 1992: U.S. Defense Department says Israel has rejected a U.S. request to question former General Rami Dotan, who is at center of arms procurement scandal involving U.S. contractors. July 1992: General Electric Company pleads guilty to fraud and corrupt business practices in connection with its sale of military jet engines to Israel. A GE manager had conspired with Israeli Gen. Rami Dotan to divert $27 million in U.S. military aid with fraudulent vouchers. U.S. Justice and Defense Departments do not believe that Dotan was acting in his own interest, implying that the government of Israel may be implicated in the fraud, which would constitute a default on Israel's aid agreements with the U.S. June 1993: U.S. House of Representatives passes bill authorizing $80 million per year to Israel for refugee settlement; bill passes despite $10 billion in U.S. loan guarantees to Israel and against evidence from Israeli economists that Israel no longer needs U.S. aid. October 1993: CIA informs Senate Government Affairs Committee that Israel has been providing China for over a decade with several billion dollars worth of advanced military technology. Israeli Prime Minister Rabin admits Israel has sold arms to China. November 1993: CIA Director James Woolsey makes first public U.S. acknowledgement that Israel is generally regarded as having some kind of nuclear capability. December 1993: Time magazine reports convicted spy Jonathan Pollard passed a National Security Agency listing of foreign intelligence frequencies to Israel that later was received by Soviets, ruining several billion dollars of work and compromising lives of U.S. informants.
December 1994: Los Angeles Times reports Israel has given China information on U.S. military technology to help in joint Israeli-Chinese development of a fighter jet. January 1995: When Egypt threatens not to sign the Nuclear Non-Proliferation Treaty because Israel will not sign, the U.S. says it will not pressure Israel to sign. July 1995: U.S. Ambassador to Israel Martin Indyk demands Israel abolish import barriers that discriminate against U.S. imports. November 1995: Israel grants citizenship to American spy Jonathan Pollard. April 1996: Using U.S.-supplied shells, Israel kills 106 unarmed civilians who had taken refuge in a U.N. peace-keeping compound in Qana, southern Lebanon. U.N. investigators, Amnesty International, and Human Rights Watch condemn the shelling as premeditated. The U.N. Security Council calls on Israel to pay reparations. Resolution is vetoed by the United States.
June 1996: U.S. State Department hands Israeli defense officials classified CIA report saying Israel has given China U.S. military avionics, including advanced radar-detection system and electronic warfare equipment.
December 1996: Israeli cabinet reinstates large subsidies, including tax breaks and business grants, for West Bank settlers. U.S. says the move is troubling and clearly complicates the peace process. Israeli government rejects President Clinton's criticism of the settlements and vows to strengthen them. February 1997: FBI announces that David Tenenbaum, a mechanical engineer working for the U.S. army, has admitted that for the past 10 years he has inadvertently passed on classified military information to Israeli officials. March 1997: U.S. presses Israel to delay building new settlement of Har Homa near Bethlehem. Prime Minister Netanyahu says international opposition ‘will just strengthen my resolve.’ June 1997: U.S. investigators report that two Hasidic Jews from New York, suspected of laundering huge quantities of drug money for a Colombian drug cartel, recently purchased millions of dollars worth of land near the settlements of Mahseya and Zanoah. September 1997: Jewish settlers in Hebron stone Palestinian laborers working on a U.S.-financed project to renovate the town’s main street. David Muirhead, the American overseeing the project, says the Israeli police beat him, threw him into a van, and detained him until the U.S. Consulate intervened. U.S. State Department calls the incident simply unacceptable. September 1997: Secretary of State Albright says Israel?s decision to expand Efrat settlement is not at all helpful to the peace process. Prime Minister Netanyahu says he will continue to expand settlements. May 1998: 13 years after denying he was not its spy, Israel officially recognizes Pollard as its agent in hopes of negotiating his release. June 1998: Secretary of State Albright phones Prime Minister Netanyahu to condemn his plan to extend Jerusalem’s municipal boundaries and to move Jews into East Jerusalem, particularly in the area adjacent to Bethlehem. Ignoring U.S. protests, Israel?s cabinet unanimously approves plan to extend Jerusalem's municipal authority. August 1998: Secretary Albright tells Prime Minister Netanyahu that the freeze in the peace process due to the settlement policy is harming U.S. interests in the Middle East and affecting the U.S.’s ability to forge a coalition against Iraq. September 1998: Dutch newspaper NRC Handelsblad reports that the Israeli airliner that crashed in Amsterdam in 1992 was not carrying gifts and perfume, as the Israelis claimed, but three of the four chemicals used to make sarin nerve gas. According to the plane's cargo manifest, the chemicals were sent from a U.S. factory in Pennsylvania to the top secret Israeli Institute for Biological Research. November 1998: Israeli Foreign Minister Sharon urges Jewish settlers to grab West Bank land so it does not fall under Palestinian control in any final peace settlement. May 1999: U.S. denounces Israel's decision to annex more land to the Ma'ale Adumim settlement. June 1999: The Israeli company Orlil is reported to have stolen U.S. night-vision equipment purchased for the Israeli Defense Forces and to have sold it to Far Eastern countries. April 2001: Prime Minister Sharon announces plans to build 708 new housing units in the Jewish settlements of Ma'ale Adumim and Alfe Menashe. U.S. State Department criticizes the move as provocative. May 2001: The Mitchell Committee (headed by former U.S. Senator George Mitchell) concludes that Jewish settlements are a barrier to peace. Prime Minister Sharon vows to continue expanding the settlements. May 2001: U.S. is voted off the United Nations Commission on Human Rights for the first time since the committee's establishment in 1947. The Financial Times of London suggests that Washington, by vetoing U.N. resolutions alleging Israeli human rights abuses, showed its inability to work impartially in the area of human rights. Secretary of State Colin Powell suggests the vote was because we left a little blood on the floor in votes involving the Palestinians. September 2001: Six days after the 9/11 terrorist attacks on America, Secretary of State Powell, when asked why America is hated in the Arab and Muslim world, acknowledges that the deep resentment and anger toward the United States is due to the Palestinian crisis. November 2001: Secretary of State Colin Powell calls on Israel to halt all settlement building which he says cripples chances for real peace and security. Benny Elon, a right-wing minister in the Sharon government, says the settlers aren’t worried. America has a special talent for seeing things in the short term, he says, explaining that what Powell said he said only to get Arab support for America’s anti-terrorism coalition against Afghanistan. March 2002: U.N. Sec. Gen. Kofi Annan calls for immediate withdrawal of Israeli tanks from Palestinian refugee camps, citing large numbers of Palestinians reported dead or injured. U.S. State Dept. says the United States has contacted Israel to urge that utmost restraint be exercised in order to avoid harm to the civilian population. April 2002: President Bush repeatedly demands an immediate halt to Israel's military invasion of the West Bank. Prime Minister Sharon rebuffs the President's withdrawal demands, saying the United States and other nations should not put any pressure upon us. April 4, 2002: President Bush demands that Israel halt its March 29 incursion into the West Bank, withdraw immediately, and cease all settlement building. Three days later, Secretary of State Powell says Bush's demand was a request. June 10, 2002: Prime Minister Sharon visits White House. When reporters ask about Israel's ongoing incursions into Palestinian towns, President Bush says Israel has a right to defend herself. September 30, 2003: President Bush signs the Foreign Relations Authorization Act, which identifies Jerusalem as Israel's capital. November 25, 2002. Israel asks the U.S. for $4-billion in military aid to defray the costs of fighting terrorism, plus $10-billion in loan guarantees to support its struggling economy. May 29, 2003: Israel announces construction of a new Jewish settlement of 230 housing units in East Jerusalem. July 29, 2003: Sharon rejects President Bush's appeal to halt construction of a separation wall that Israel is building on occupied Palestinian land. October 22, 2003: Former Navy lawyer Ward Boston, who had helped lead the military investigation into Israel's 1967 attack on the USS Liberty, files a signed affidavit stating that President Johnson and Secretary of Defense Robert McNamara had ordered those heading the naval inquiry to conclude that the attack was a case of mistaken identity, despite overwhelming evidence to the contrary. March 21, 2005: Prime Minister Sharon approves construction of 3,500 new housing units in the Israeli settlement of Maale Adumin to link it to East Jerusalem. The U.S. State Department has no comment. May 2005: Newsweek reports that in the late 1990s, lobbyist Jack Abramoff diverted more than $140,000 from charity contributions by Indian tribes to the Israeli settlement of Beitar Illit for sniper equipment and training of settler militias. AMEU Board of Directors Jane Adas (Vice President) Hugh D. Auchincloss, Jr. Atwater, Bradley & Partners, Inc. Edward Dillon John Goelet Richard Hobson, Jr. Anne R. Joyce Kendall Landis (Treasurer) Robert L. Norberg (President) Hon. Edward L. Peck Former U.S. Ambassador Lachlan Reed President, Lachlan International Talcott W. Seelye Former U.S. Ambassador to Syria Donald L. Snook James M. Wall AMEU National Council Hon. James E. Akins Isabelle Bacon William R. Chandler David S. Dodge Paul Findley Dr. Cornelius B. Houk Cynthia Infantino O. Kelly Ingram Moorhead Kennedy Ann Kerr John J. McCloy II David Nes Mary Norton C. Herbert Oliver Marie Petersen Dr. John C. Trever Don M. Wagner Miriam Ward, RSM AMEU Executive Director: John F. Mahoney AMEU grants permission to reproduce ?Lest We Forget? in part or in whole. AMEU must be credited and one copy forwarded to our offices at 475 Riverside Drive, Room 245, New York, New York 10115-0245. Telephone: 212- 870-2053; E-mail: [email protected]; website: www.ameu.org.

Coalition wants UK space lift-off [ Don’t make me laugh! ]

NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more:

Launch of secret US space ship masks even more secret launch of new weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - ‎CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. `And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.`

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad.

War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq. Sinking of the Cheonan: A Classic False Flag Operation Russia Today | Sinking of the warship was really intended to convince Japan not to move US forces off Okinawa as well as divert the attention of Americans from the dire economic situation at home. . Israel: IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The government of israel, aided by many quarters of the international media, is attempting to spin today’s deadly IDF assault on a humanitarian aid ship carrying supplies to Gaza as the fault of the murdered activists on board the vessel, ludicrously characterizing machine-gun carrying Israeli troops who killed over a dozen innocent people as the victims of the incident.

Murder on the high seas JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at least 10 rights activists were killed, triggering a diplomatic crisis and an emergency session of the UN Security Council. European nations, as well as the United Nations and Turkey, voiced shock and outrage at the bloody end to the international campaigners' bid to break Israel's blockade of the Gaza Strip

5-28-10

Regulators shut 5 banks as 2010 tally hits 78 3 Fla. banks, 1 each in Nev., Calif. shut down (AP) FDIC: Failed Bank List http://www.fdic.gov/bank/individual/failed/banklist.html

Sell in May and Go Away, Indeed [ I wasn’t kidding; and, I’m still not kidding when I say: This is a great opportunity to sell / take profits because there’s much worse to come! ]

YAHOO [BRIEFING.COM]: ‘… Fitch downgraded the debt of Spain to AA+ from AAA. The announcement wasn't a total surprise given the persistent fiscal problems that face the country, but it was still enough to bring about a barrage of selling. The headline also put pressure on the euro, which fell roughly 0.8% to $1.227. All 10 major sectors in the S&P 500 settled in negative territory … Financial stocks, which fell 2.1%, felt the worst of the selling effort. They were followed by energy stocks, which dropped 2.0%. Such weakness weighed heavily on the CRB Commodity Index. In turn, the CRB recorded its worst monthly performance in 16 months by dropping more than 8% in May. The stock market performed just as poorly this month. It closed May with a monthly loss of roughly 8.2%. That made for its worst monthly showing in 15 months … personal income for April increased 0.4%, as expected, but personal spending was flat when a 0.3% increase had been widely anticipated. Core personal consumption expenditures made a monthly increase of just 0.1% for the second straight month … The University of Michigan's final Consumer Confidence Survey for May improved to 73.6, which was slightly better than expected. The Chicago Purchasing Managers Index for May came in at 59.7, which was a bit below what had been … Precious metals put in a lackluster session Friday, which marked the final trading day of the month … gold prices mustered a fractional gain to settle pit trade at $1212.20 per ounce, while silver prices settled 0.2% lower at $18.42 per ounce. Natural gas prices … at $4.35 per MMBtu, up 1.3%. Oil prices … a 0.8% loss at $73.92 per barrel. That made for a modest pullback from the 8% surge that oil prices recorded during the course of the two preceding sessions, but even those gains couldn't prevent the worst monthly performance for oil prices since December 2008 -- oil futures prices fell 14% this month. Such weakness weighed heavily on the CRB Commodity Index all month. In turn, the CRB Commodity Index finished May 8.2% lower than where it started. That makes for the CRB's worst monthly performance in 16 months. Advancing Sectors: (None) Declining Sectors: Financials (-2.1%), Energy (-2.0%), Materials (-1.7%), Industrials (-1.5%), Consumer Discretionary (-1.4%), Telecom (-1.0%), Tech (-0.9%), Health Care (-0.6%), Consumer Staples (-0.4%)

T. Rowe Price Weekly Recap – Stocks [ / Bonds / Currencies - Domestic / International ] : ‘ The Dow Jones Industrial Average ended the week slightly lower while the broader stock market indices posted gains, and the market ended a volatile month that saw the worst monthly performance in over a year. Small- and mid-cap stocks outperformed large-caps for the week. Investors resumed the previous week's sell-off on Monday, apparently due to continuing concerns about the debt situation in Europe as well as worries about the implications of financial reform legislation nearing final Congressional approval. Worries about Europe's finances continued to hamper the market through midweek. Rumors that China was considering selling its euro zone bond holdings prompted a major sell-off on Wednesday. Chinese officials denied those rumors on Thursday, sparking a large rally that wiped out several days' losses. Markets then gave back some of those gains on the final trading day before the holiday weekend after the Fitch rating agency became the second major credit rating organization to downgrade Spain's debt. The week's economic data were somewhat mixed. Two separate gauges of consumer confidence rose, as did new home sales for April. On the other hand, the Commerce Department revised down its earlier estimate of growth in gross domestic product in the first quarter from 3.2% to 3.0%, surprising analysts who expected an upward revision. Weekly jobless claims declined following the previous week's sharp increase, but many had hoped for a larger drop.’

The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3′ money supply fell to $13.9 trillion from $14.2 trillion during the three months ending in April. [ This is still an extraordinarily high level but … I don’t buy it. I believe the printing presses have been working overtime to pump out ever more worthless fiat currency and with the many trillions of worthless fraudulent paper still out there and marked to anything. I further believe the same is being surreptitiously used to supplant the fraudulent paper, the consequences of which will be devastating, of course, as is invariably so in depressions in any event. This scenario would also mean huge fraud accomplis. ] Fiat Money Supply Contracting at Great Depression Level The bankster operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top economic adviser, has told Congress to “grit its teeth” and approve a fresh fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph. Fiat Money Supply Contracting at Great Depression Level Kurt Nimmo | The Federal Reserve stopped publishing M3 figures back in 2006.

Bespoke Investment Group: ‘As North American markets close out the month of May, below we highlight the year-to-date performance of key countries across the globe. For each country, we provide its year-to-date performance in both local currency and US Dollars. If a country is down more in dollars than it is in its local currency, it means its local currency is down against the dollar year-to-date…’

Dow Ends Worst May Since 1940 On Spain Debt Downgrade, Korea Tensions U.S. stocks slid, capping the worst May for the Dow Jones Industrial Average since 1940, while the euro slumped and Treasuries rose as a downgrade of Spain’s debt rating and escalating tensions on the Korean peninsula triggered a flight from riskier assets. World Gold Council Sees Ever Greater Demand For Gold, As “Consumers Become Accustomed To Higher Prices” The WGC expects that demand for gold is likely to be strong during 2010 driven by jewellery demand in India and China and investment demand in Europe and the USA. 80% Favor Auditing the Federal Reserve Eighty percent (80%) of Americans now agree with Congress that auditing the Federal Reserve Board is a good idea, according to a new Rasmussen Reports national telephone survey. Tarpley: “A casino economy of globalization” Webster Tarpley says that the whole point of Timothy Geithner’s visit is to make the world safe for derivatives, speculation and this casino economy of globalization. Dollar to be Replaced with IMF’s SDR as Reserve Currency? Zero Hedge | Will the next reserve currency be a diluted melange of other flawed fiat constructs?

According to the Debt Clock:

• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211

Click here to see the Debt Clock, which is updated every second.

http://www.usdebtclock.org Get Real Time U.S. Debt Data

Forecasts from Dent, Napier, and then Prechter: 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.

10 Reasons to Worry About Margin Growth … a good portion of these factors will likely impact margins by the end of the year. I don’t believe this is adequately factored into earnings estimates across the board. Given this, I believe we have seen the highs for the year and next few quarters will be extremely volatile ...

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Business Insider | “Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!”

SELL IN MAY AND GO AWAY!

Next Rand Paul Slam: Anchor Babies Kurt Nimmo | Opposition to illegal immigration is not a political liability in Kentucky. In the wake of the “scandal” of Rand Paul’s unwavering support of property rights, the corporate media has fired another salvo from its trebuchet. Now it insinuates that Rand Paul is a racist because he is opposed to the government granting citizenship to anchor babies. Previous Daily Kos Poll On Rand Paul Was Woefully Inaccurate A dubious new Daily Kos poll claims that Rand Paul’s lead over Democrat opponent Jack Conway has shrunk to just 3 points in the aftermath of the corporate media’s baseless smear attack on the Kentucky primary winner, but a previous Daily Kos poll conducted just a week before voting took place in the primary said that Paul was a mere 3 points ahead of neo-con opponent Trey Grayson, an election he ended up winning by over 23 points. Daily Kos Releases Dubious Poll To Undermine Support For Rand Paul In a blatant effort to counter the recent independent Rasmussen poll which found that, despite a contrived corporate media smear campaign, Rand Paul was beating his Democratic opponent Jack Conway by a whopping 25 points, establishment liberal outfit The Daily Kos has released a dubious poll that claims Paul is only leading by three points. North Korean General Warns of ‘All Out War’ at Press Conference North Korean Major General Pak Rim Su disputed the results of the international investigation into the sinking of a South Korean warship and said “any accidental clash that may break out in the waters of the West Sea of Korea or in areas along the Demilitarized Zone will lead to all-out war,” at a press conference today, according a KCNA statement. G20: Toronto police make first summit arrest after banks vandalized At least one person has been arrested in connection with anti-G20 graffiti spray-painted on Toronto banks overnight. Vandals spray-painted slogans such as “Resist G20″ and “Stop G20″ on bank walls, windows and ATMs. Prominent Oil Industry Insider: “There’s Another Leak, Much Bigger, 5 to 6 Miles Away” Matt Simmons was an energy adviser to President George W. Bush, is an adviser to the Oil Depletion Analysis Centre, and is a member of the National Petroleum Council and the Council on Foreign Relations. The Black Hole of Bagram On Friday, the Court of Appeals in Washington, D.C., delivered a genuinely disturbing ruling (PDF) regarding prisoners in the U.S. prison at Bagram airbase in Afghanistan, which has turned the clock back to the darkest days of the Bush administration, before prisoners seized in the “war on terror” had any recourse to justice if they claimed they had been seized by mistake. Iraq: Paralyzed, Dejected, Corrupt Seven years after the US and Britain invaded Iraq the country remains highly unstable and fragmented. So divided are parties and communities that no government has emerged from the general election three months ago, which was intended to be a crucial staging post in Iraq’s return to normality. US, Egypt strike nuke deal UNITED NATIONS: The United States and Egypt struck a deal on a push to pressure Israel to ultimately scrap any atomic bombs it has in a bid to avert a collapse of talks on shoring up the global antinuclear arms pact, envoys said Friday. Israeli warplanes raid Gaza: Palestinians (AFP) Israeli gunships head to sea to block flotilla (AP)

Coalition wants UK space lift-off [ Don’t make me laugh! ]

5-27-10

This is a great opportunity to sell / take profits because there’s much worse to come!

The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3′ money supply fell to $13.9 trillion from $14.2 trillion during the three months ending in April. This is still an extraordinarily high level but … I don’t buy it. I believe the printing presses have been working overtime to pump out ever more worthless fiat currency and with the many trillions of worthless fraudulent paper still out there and marked to anything, I further believe the same is being surreptitiously used to supplant the fraudulent paper, the consequences of which will be devastating, of course, as is invariably so in depressions in any event. This scenario would also mean huge fraud accomplis. Fiat Money Supply Contracting at Great Depression Level The bankster operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top economic adviser, has told Congress to “grit its teeth” and approve a fresh fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph. Fiat Money Supply Contracting at Great Depression Level Kurt Nimmo | The Federal Reserve stopped publishing M3 figures back in 2006.

Japan prices and spending slip, unemployment rises

VIX SAYS PANIC … TWS Investments – ‘The Volatility Index (VIX) and the TED spread (the spread between 3-month T-Bills and the 3-month LIBOR, aka the spread between risk-free assets and risky assets) are useful measures for the pricing of risk within equity and credit markets. The charts below (click to enlarge) show that the VIX and the TED have jumped off their 2010 lows, both trading up over 200%. This is a very important indication of increased fear in the market as the impacts are on the margin for lending in particular…’

The Real Reason Germany And The Rest Of Europe Are Doomed To Crisis After Crisis Germany may look like the healthy heart of Europe right now, but the country’s demographic position could see its competitive edge fall flat, according to Der Spiegel. Bob Chapman: They Want A Collapse, Its Deliberate Europe is rescuing its economy in the same way that the Federal Reserve has attempted to same America’s financial system and economy. Greek Scramble For Physical Brings Gold Price To $1,700 Per Ounce And there are those who wonder how Sprott’s PHYS could have traded at “ludicrous” NAV premium of over 20%. Coinupdate.com reports that prices at which the Greek Central Bank is selling one ounce gold equivalents are as high as $1,700 (40% over spot), and prices on the black markets are even higher.

Is the U.S. Government Planning War to Quell the Tide of Economic Unrest? Gary D. Barnett | These situations are not accidental but designed, and they are designed so that the few can survive in luxury, while the rest of us suffer. When the Top Caves In Sam Smith | We all live in a Mafia neighborhood now. Europe heading for a meltdown Daily Telegraph | This financial crisis is worse than the sub-prime crash of 2008 because the sums are so much bigger and it is governments that are in dire straits.

French Strike, Protest Over Government Austerity Measures Hon Hai May Raise China Wages 20% as Suicides Mount … Wow … Suicide? … A bit drastic if a 20% raise is a sufficient solution … sounds like a plan … or not Japan Economic Data Worsens

Scientists: Gulf spill far bigger than Valdez The Gulf oil spill has surpassed the Exxon Valdez as the worst in U.S. history, according to new estimates released Thursday, but the Coast Guard and BP said an untested procedure to stop it seemed to be working.

According to the Debt Clock:

• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211

Click here to see the Debt Clock, which is updated every second.

http://www.usdebtclock.org Get Real Time U.S. Debt Data

Forecasts from Dent, Napier, and then Prechter: 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.

10 Reasons to Worry About Margin Growth … a good portion of these factors will likely impact margins by the end of the year. I don’t believe this is adequately factored into earnings estimates across the board. Given this, I believe we have seen the highs for the year and next few quarters will be extremely volatile ...

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Business Insider | “Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!”

SELL IN MAY AND GO AWAY!

Russia wants ‘100% proof’ N.Korea sunk ship Russia will not support efforts to punish North Korea for sinking a South Korean warship until it is fully convinced Pyongyang was behind the incident, a foreign ministry spokesman said Thursday.

Israeli antics fail to stop Gaza ‘Freedom Flotilla’ ASHDOD, Israel: Pro-Palestinian activists vowed on Thursday to steam on to Hamas-run Gaza and bust the blockade with their aid-laden flotilla as Israel again warned it would intercept the ships.

Obama Gives Commanders Wide Berth for Secret Warfare … Fast becoming a joke … Who‘s in charge

Amnesty: US, Europe shielding Israeli accountability for Gaza war crimes Ha'aretz -In its annual report, the rights group accuses Israel of continually violating human rights in Gaza with its ongoing economic siege. GPO advises foreign journalists on luxurious Gaza restaurant Jerusalem Post Israel Prepares to Fend Off Ships Heading to Gaza Wall Street Journal

NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more:

Launch of secret US space ship masks even more secret launch of new weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - ‎CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. `And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.`

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

5-26-10

[audio] Mesh: Stay away unless you have money to burn [4.8 min] Retail Investors Have Wisely Taken Profits Lehman Sues JPMorgan to Recover Billions of Dollars Bank fails and goes about its business - latimes.com China Euro Sales Report Sours Markets Late Europe's "Volcanic Cloud" Smothers Rally: Secular Bear Still Alive, Park Says :

After rallying early Wednesday, stocks tumbled into the close. On an absolute basis, the loss was fairly minor; the Dow ended down 69 points. But the index fell below 10,000 and the psychological damage was potentially great given the chatter about Tuesday morning marking some sort of important bottom."We could have had an interim bottom of some kind - had an incredibly negative spate with really big volume on the downside," says Danielle Park, president of Venable Park Investment Council and author of Juggling Dynamite. "I think the themes we're concerned about today are like the volcanic cloud over Europe. It'll blow away for a little while and then it'll come back."Ironically, Europe is the volcanic cloud over the financial markets these days and it "erupted" again Wednesday afternoon. As The Business Insider reports:

First, there was a report that Greece is already trying to renegotiate its big bailout (specifically, that it's trying to get out of promised pension cuts),
Second there was an FT report that China has put its holdings of Eurozone bonds under review.

Whether catalyst or excuse, those reports were enough to send the euro tumbling below $1.22 and just above its recent four-year low vs. the greenback. That, in turn, hit share of big U.S. multinationals who now face tougher competition from European rivals - as well as concern about a global slowdown as result of Europe's debt crisis. (For more on why the euro matters, see: No Escape From Europe's Rubble) Don't Sleep on Hibernating Bear After being bearish in 2008, Park turned more bullish in February 2009, based on a view that bearish sentiment - a contarian indicator -- had reached "watershed" levels. But by mid-summer 2009, she had become cautious again, believing the market had run too far, too fast, as detailed here."My concern for the past seven months was all the talk about stocks being justified because of a recovering economy," she says in the accompanying video. "No, no, no. I think there's a lot really hot trading...we've got speculative forces at work here."Park's firm manages about $200 million in separate accounts for individuals and she has some simple advice for investors trying to navigate this increasingly wild and woolly market: "WE ARE STILL IN A SECULAR BEAR MARKET. WE WILL PROBABLY BE IN THAT FOR ANOTHER FIVE-TO-SEVEN YEARS," SHE SAYS …

Max Keiser: Big Banks Allocate Losing Trades to Clients, Keep Winning Trades for Themselves Max Keiser – journalist, former Wall Street broker and options trader, and inventor of the software which is now being used for high frequency trading – claims that the big banks retroactively allocate losing trades to their clients, and keep the winning trades for their own proprietary trading desks. We Are Witnessing The Greatest Banking Consolidation In U.S. History As the number of bank failures in the United States continues to accelerate, many analysts are warning that we could soon see unprecedented changes in the U.S. banking industry. Howard Buffett Said “Human Freedom Rests On Gold Redeemable Money”, Called For Return To Gold Standard Sometimes the apple does fall very, very far from the tree. A must read essay by Howard Buffett, father of the “legendary” investor who initially was so very much against derivatives then promptly changed his tune, discusses fiat money and gold, and concludes that “human freedom rests on gold redeemable money.” [ I don’t know about apples falling from trees but I do believe Buffet’s senility and embrace of celebrity (has he given away his fortune yet, fraudulent wall street shill, etc.) do not go well together ]. The Greek Bailout’s Two Secret Exit Clauses: Why Europe Is Now Cheering For Its Own Demise When all of Europe rushed into its rescue package two weeks ago (first half a trillion, market red, then a full trillion, market green), the one thing that struck us as odd was the conflicting data on the conditionality of the package, with various sources both confirming and denying that the “package” was revocable. Zero Hedge | Markets have been rattled by reports in the German media that the Greek rescue deal contains two secret clauses, as well as conflicting data on the conditionality of the package. Moody’s Reiterates U.S. Spending Risks Credit Rating Bloomberg | Debt to revenue has more than doubled over the past three years and is now over 400 percent IMF: Spain must make wide ranging reforms, weak recovery Reuters | Spain must make far reaching, comprehensive reforms, including to the labour market, while its economic recovery remains fragile, The International Monetary Fund said on Monday.

According to the Debt Clock:

• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211

Click here to see the Debt Clock, which is updated every second.

http://www.usdebtclock.org Get Real Time U.S. Debt Data

Forecasts from Dent, Napier, and then Prechter: 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.

10 Reasons to Worry About Margin Growth … a good portion of these factors will likely impact margins by the end of the year. I don’t believe this is adequately factored into earnings estimates across the board. Given this, I believe we have seen the highs for the year and next few quarters will be extremely volatile ...

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Business Insider | “Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!”

SELL IN MAY AND GO AWAY!

Top Construction Firm: WTC Destroyed By Controlled Demolition Respected Middle East expert and former BBC presenter Alan Hart has broken his silence on 9/11, by revealing that the world’s most prominent civil engineering company told him directly that the collapse of the twin towers was a controlled demolition. Secret Clause Reveals Europe Bailout Designed To Destroy Global Economy A secret exit clause written into the trillion dollar European bailout agreement will ensure the creation of more debt in Europe, worsening the global economy, decimating nation states and allowing power to be consolidated into fewer super-elite hands. Corporate Media Uses Fraudulent MSNBC Transcript to Portray Rand Paul as a Racist In order to smear and discredit Rand Paul and prevent him from going to the Senate, MSNBC has modified a transcript of his appearance on the Rachel Maddow Show. Paul appeared on the show after he won the primary in Kentucky. Rothschilds Engineer Fire Sale Of UK Infrastructure To Offshore Corporations The Rothschild banking family is pushing for the privatization of the UK’s motorway network that would force Brits, who already pay road tax, to enrich the coffers of private corporations intimately tied in with the Rothschilds by means of road tolls and pay-by-mile schemes enforced with spy cameras.

Feds Declare Terror Alert on Texas Border Kurt Nimmo | Another shameless attempt to scare the American people into accepting the replacement of what is left of our constitutional republic with a police state. Secret Clause Reveals Europe Bailout Designed To Destroy Global Economy Steve Watson | Consolidation of power into fewer hands the real goal. Tony Blair to earn millions as climate change adviser London Evening Standard | Tony Blair is set to earn millions of pounds advising an American businessman on how to make money from tackling climate change. Christie, jersey gov., Says Mob-Ravaged n.j. ‘Careening Toward Becoming Greece’ Bloomberg “We’ve got to change the course of pervasive corruption and mob infestation and control.” More Blank Checks to the Military Industrial Complex Ron Paul | Congress, with its insatiable appetite for spending, is set to pass yet another “supplemental” appropriations bill in the next two weeks.

Afghans: U.S. Created and Funds Taliban Kurt Nimmo | U.S. pays the Taliban to remain an enemy as fantastic profits from opium fields pour into Wall Street and CIA coffers.

Editorial: US secret missionsThe news that American special forces were from last September ordered to be deployed in both friendly and hostile countries within the Middle East in the campaign against international terror is both disturbing and puzzling. Gen. David Petraeus, the head of US Central Command, has signed off the tasking of elite special forces troops to undertake surveillance missions and partner with local forces in the campaign against Al-Qaeda and its militant allies.

North Korea Severs Ties With South on Ship Sinking North Korea said it will sever all ties with South Korea and expel the South’s workers from a joint industrial zone as “punishment” for accusing it of sinking a warship and killing 46 South Korean sailors. Nuclear War Between Koreas: Brought To You By The U.S. Government Kim Jong-Il has put North Korean troops on combat alert and threatened military action if the South trespasses in its waters as global stock markets freak out at the prospect of a war which, if it occurs, can be blamed on the U.S. government’s history of arming the Stalinist dictator with nuclear weapons.

INTERNATIONAL WAR CRIMINAL NATION ISRAEL SEIZES OPPORTUNITY TO JUMP ON THE WAR WAGON israeli warplanes hit Gaza targets, 15 wounded (AP) - AP - Palestinian hospital officials say 15 people were wounded in overnight israeli airstrikes in the Gaza Strip. israel mounts air strikes on Gaza after attacks (Reuters) - Reuters - israel launched air strikes in the Gaza Strip overnight after Palestinian militants fired a rocket and mortar shells at the Jewish state, Palestinian officials and the Israeli military said … Hezbollah vows to bomb ships in event of new war with israel (AFP) - Hezbollah chief Hassan Nasrallah said on Tuesday that his militants would bomb military, civilian and commercial ships heading to Israel in the event of a new war with the lewish state. Hezbollah says it will hit israel ships in new war (AP) - AP - The leader of Lebanon's Hezbollah group warned Tuesday that his fighters would attack Israeli ships in the Mediterranean if the jewish state imposes a sea blockade on Lebanon in any future war. Nasrallah threatens ships going to israel in future war (Reuters)

5-25-10

AP BUSINESS HIGHLIGHTS On Tuesday May 25, 2010, Falling home prices raise fears of new bottom NEW YORK (AP) -- Tax credits and historically low mortgage rates have failed to lift home prices so far this year. Prices fell 0.5 percent in March from February, according to the Standard & Poor's/Case-Shiller 20-city index released Tuesday. The co-creator of the Case-Shiller index, who predicted in 2005 that the housing bubble would burst, is raising concerns that the worst may be ahead. That fear is shared by other economists who point to weak job growth, tight credit and many more foreclosures ahead …

Falling home prices stir fears of new bottom (AP) Europe faces an era of government spending cuts (AP) Frank Affirms He Wants Strong Derivatives Rules (at New York Times)

Well, just as everyone thought he lost his backbone, the alleged reason for the computerized buy programs to kick in with a push of a button / mouse click evaporates (fraudulent wall street’s method of intimidation). And consumer sentiment allegedly up only proves the contrarian view that they’re always wrong as was the case in last crash. As for retracement, the frauds on wall street got their commissions on the way down, then again on the way up, and will get them again on the way down. Reality, as follows:

Rosenberg says: ‘The downdraft in the market in recent weeks reflects the financial risk related to the European debt crisis, the monetary tightening in China and the re-regulation of the financial sector that is currently making its way through to Congress. The next leg down in the equity market specifically and cyclical assets more generally is economic risk. Equities went into this period of turbulence priced for peak earnings in 2011 and with a tailwind of positive earnings revision and positive guidance ratios from the corporate sector. If the ECRI and the Conference Board’s own index of leading economic indicators, which dipped 0.1% in April, are prescient, then they are portending a period of sub-par economic growth ahead (the ECRI is pointing to 1½% real GDP growth in the second half of this year). As the events of 2002 showed, more-than-fully valued markets do not need a double-dip scenario to falter — a growth relapse can easily do the trick. It’s still time to be defensive and too early in this correction to be picking the bottom.’

Harrison www.creditwritedowns.com : Remember all the happy talk and propaganda coming out of the Obama Administration about how they saved the banks and saved the economy last month? No one’s talking about that any more. I reckon people realize that they were getting ahead of themselves – with Europe imploding and all. Instead, now the Obama Administration is floating the idea of a $200 billion mini-stimulus package to buoy the economy ahead of the mid-term elections. And Geithner is talking up sham stress tests for Europe – just like the ones the US had. And look what it has done for American banks. All of this is being done without admitting the stimulus is wearing off.

No matter. We all know the conditions on the ground are not looking good. And David Rosenberg has put out a list of ten reasons the leading indicators are rolling over to prove it.

The ECR weekly leading index growth rate peaked on October 9, 2009 (at 28.54%; now at 9.0%).
The Conference Board’s LEI peaked at 109.4 in March (109.3 in April).
ISM orders/inventory ratio peaked at 1.805 in August 2009 (1.33 in April).
University of Michigan consumer expectations peaked on September 2009 (at 73.5) – now at 65.3 in May.
The UofM index of big-ticket consumer purchases peaked in February-March at 136; is down to 129 as of May.
Jobless claims bottomed at 442k on March 11. They had peaked at 651k on March 28, 2009. But they are back at 471k, which is where they were back on December 19, 2009 so the improvement has stalled out. Not only that, but to keep 472k into perspective, claims were at 453k the week after 9/11 (and the economy back then was eight months into recession). Yes, yes, employment has been rising of late; however, keep in mind that nonfarm payrolls are in the index of coincident indicators; claims are in the index of leading indicators. Please let’s not drive looking through the rear window.
Single-family building permits peaked at 542k (annual rate) in March (were 484k in April).
Mortgage purchase applications peaked on April 30th at 291.3 and now are at a 13-year low of 192.1 even though mortgage rates have come down 20 basis points since the nearby high.
Auto production peaked at 7.8 million units (seasonally adjusted annual rate) in January – was at 7.2 million in April.
Electrical utility output was down 0.1% YoY as of May 15th. Could be another early sign that the production revival is behind us.

SO TO RECAP:

1. A depression was borne out of high levels of private sector debt, the unsustainability of which became apparent after a financial crisis.

The effects of this depression have been lessened by economic stimulus and government support.
Government intervention led to a reduction in asset price declines, which led to stock market increases, which led to asset price stabilization and more stock market increases and eventually to asset price increases. This has led to a false sense that green shoots are leading to a sustainable recovery.

In reality, the problems of high debt levels in the private sector and an undercapitalized financial system are still lurking, waiting for the government to withdraw its economic support to become realized
Got rid of marking-to-market to mark to anything, falsely inflating asset prices. This was the purpose of the FASB accounting rule change. Scylla and Charybdis of inflationary and deflationary forces

Harrison: recovery within a depression scenario seems like what’s happening.

Private Pay Plummets, Government Handouts Soar Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, an analysis of government data finds. Global Markets Now Infected with Europer There are two types of investors at the moment, according to Paul Donovan, the senior economist at UBS. Don’t Go with the Flow Anyone who follows financial markets has to wonder at times, “What are people thinking? How did they come to make those decisions?” IMF: Spain must make wide ranging reforms, weak recovery Reuters | Spain must make far reaching, comprehensive reforms, including to the labour market, while its economic recovery remains fragile, The International Monetary Fund said on Monday. Romanians protest wage and pension cuts Euronews | In one of the largest mass protests since the fall of communism, around 50,000 Romanians took to the streets of Bucharest. Gold Rising as Euro Weakens Spurs More Speculation Bloomberg | Speculators are buying gold faster than the world’s biggest producers can mine it.

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Business Insider | “Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!”

Titanics, Titanics everywhere but not a one will sink says they, as Spain becomes new object of deck chair re-arrangement (the u.s. hasn’t stopped their deck chair re-arrangement, but, after all, they are the biggest Titanic).

Quite amazing! And you can’t make this stuff up. Too incompetent to fail (added to too big to fail or jail)? The ‘no-recession-fed’ (technically correct because this is a depression) expects recently as before last crash jawboned with soothing but empty words, GDP to rise, jobless rate to fall (with insurmountably unsustainable debt / service) … Well take that to the insolvent bank, defacto bankrupt america. Who ever could have said b* s* doesn’t talk. In fraudulent, defacto bankrupt america b* s* talks and walks and gets re-appointed and re-vested with new powers to fail and falsely lead again and again and again. What parallel universe do they operate in? (Current forecasts from Dent, Napier, and then Prechter: 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.

Don't fear turmoil in the market Riiiiight! Sounds like a plan! Or, maybe like that old rock tune refrain, ‘Don’t Fear The Reaper’. While he says astutely you should ‘buy cheap and sell dear’ and my MBA Thesis concluded along the same line that ‘timing is everything in stock market investing’ noting from the historical record that the foisted myth of buy and hold, dollar-cost averaging unabated (examination reveals even then, stocks remained higher, longer, skewing the average cost far above the average / dollar-cost averaging down the exception where forecast reasonably pointing to upturn in cycle), etc., almost invariably were money losers. However, that was then and now is now; Mr. Sloan’s cavalier attitude toward market gyrations / losses, though reminiscent of J.P. Morgan’s famous reply (I believe it concerned a boat purchase) when he quipped ‘if you have to ask, you can’t afford it’, is imprudent at best and bad advice at worst. [J.P. Morgan had a few other aphorisms regarding investing as are apposite in these fraudulent times; viz., he was ‘not so much concerned with the return on the money as he was the return of the money (principal), his investment strategy was to ‘put all his eggs in one basket and then watch the basket carefully’, I’m sure there were others. I’m also sure he’d be out of this market (that preserve the principal thing), particularly with these new fangled ‘computer things’ mucking things up at commission generating lightning speed]. (He is correct in advocating lower cost reputable funds as Vanguard, etc., if used at all). In sum, what he seems to be recommending is that when in the path of an on-coming train, it is best to gut it out and hope for the best; or, to use an oft-used hackneyed wall street expression, to try and ‘catch the falling knife’.

Max Keiser And Gerald Celente Deconstruct Financial Fraud Max Keiser at his best, deconstructing the global ponzi with Gerald Celente, another very much outspoken critic of the broken financial system.

Record foreclosure sales, increased used home sales … daaaah! … (mortgage applications down), stocks rallied on the ‘news’ … Are we all missing the purported good news here that only the frauds on wall street see?

Unlisted new high rise condos as discussed above. Note: these properties are not included in the new home inventory report.
Homeowners waiting for a better market. Some of the increase in inventory in April might have been sellers hoping to take advantage of the tax credit. This includes the accidental landlords who will try to sell as soon as the market improves and the current tenant's lease expires.
REOs, foreclosures in process and some percentage of seriously delinquent loans (some will cure, some are already listed as short sales). See: Mortgage Delinquencies by Period
It is difficult to put a number on the total, but it is in the millions of units and all this inventory will keep downward pressure on house prices for some time.

THE PATH OF LEAST RESISTANCE IS DOWN by Timothy Collins Last Thursday's low just became important to me. I know we had the "whoosh" on Friday, but it was short-lived. Also, the close on Thursday was tested before the phantom bull stampede late Friday afternoon. I was looking for a test of $104.55 on the SPDR S&P 500 ETF last week, and we came close on Friday, but didn't get it. The way we closed today, it felt like we were setting up for that test. If that fails, then I will be shorting, looking for a cover around $95. Transocean really fell off a cliff today. When I mentioned $55 and $50, I wasn't thinking today or tomorrow, and $55 didn't give the stock much of a pause. If it wasn't clear before today, it should be now: This is a falling knife…

THE FORECASTS:
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 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.

Rudy Mafiani Giuliani Confronted by We Are Change Idaho We Are Change Idaho | Dudy Giuliani came to Idaho in April 2010 for a Get Motivated Seminar. As a former prosecutor he knew ‘destruction of a crime scene’ was a crime in itself. Ask questions, demand answers!!

Vanunu: ‘Shame on you, democracy’ Jerry Mazza | Israeli nuclear whistleblower Mordecai Vanunu will serve 3 months for violating the terms of “parole,” apparently under an endless house arrest. David Cameron Exposed: Another Empty Agent of “Change” You Tube | Newly selected Prime Minister David Cameron is revealed to be yet another cheap suit for the same empty rhetoric of “change” who apparently didn’t bother to update the flimsy lines he borrowed from Tony Blair and others.

Obama Approval Falls to New Low: 42% Overall, 42% of voters say they at least somewhat approve of the president’s performance. That is the lowest level of approval yet measured for this president.

Former CIA Officials Admit To Faking Bin Laden Video Two former CIA officials have admitted to creating a fake video in which intelligence officers dressed up as Osama Bin Laden and his cronies in an effort to defame the terrorist leader throughout the middle east. Obama Sending 1,200 Troops to Mexico Border President Barack Obama will deploy up to 1,200 National Guard troops to the U.S.-Mexican border and request $500 million for enhanced border protection, an administration official said on Tuesday. North Korea Severs Ties With South on Ship Sinking North Korea said it will sever all ties with South Korea and expel the South’s workers from a joint industrial zone as “punishment” for accusing it of sinking a warship and killing 46 South Korean sailors. Nuclear War Between Koreas: Brought To You By The U.S. Government Kim Jong-Il has put North Korean troops on combat alert and threatened military action if the South trespasses in its waters as global stock markets freak out at the prospect of a war which, if it occurs, can be blamed on the U.S. government’s history of arming the Stalinist dictator with nuclear weapons.

5-24-10

From The Business Insider, May 24, 2010: Over the weekend, Jeff Collins at the O.C. Register noted that the "Central Park West" complex in Irvine, California that was mothballed by Lennar in 2007 is now back on the market. And from Amanda Fung at Crain's New York: 'Shadow' condos dim sale outlook (ht Nick) A little over two years ago, SDS Procida suspended plans to market The Dillon, its 83-unit Hell's Kitchen condo, when residential real estate tanked ... the developer finally put the units on the block three weeks ago ...“It is still early—you're not seeing a flood of apartments yet—but we may see it happen during the second half of the year,” says Jonathan Miller, chief executive of appraisal firm Miller Samuel Inc ... Mr. Miller estimates that there were 6,500 units of shadow space in Manhattan alone during the first quarter of this year. If those apartments were unloaded all at once, supply would potentially skyrocket by 70%.The term "shadow inventory" is used in many different ways. My definition is: housing units that are not currently listed on the market, but will probably be listed soon. This includes:

Unlisted new high rise condos as discussed above. Note: these properties are not included in the new home inventory report.
Homeowners waiting for a better market. Some of the increase in inventory in April might have been sellers hoping to take advantage of the tax credit. This includes the accidental landlords who will try to sell as soon as the market improves and the current tenant's lease expires.
REOs, foreclosures in process and some percentage of seriously delinquent loans (some will cure, some are already listed as short sales). See: Mortgage Delinquencies by Period
It is difficult to put a number on the total, but it is in the millions of units and all this inventory will keep downward pressure on house prices for some time.

Joe Weisenthal, On Monday May 24, 2010, 4:00 pm EDT On Friday, things were looking mixed until the final moments of the day, and then stocks surged. Today, it was the reverse. After only being down modestly, stocks really got hit hard in the final 15 minutes of trading
But first, the scoreboard:
Dow: -126 (-1.24%)
S&P 500: -14 (-1.29%)
NASDAQ: -15.49 (-.7%)
And now to the day's top stories:
Today's markets were characterized by calm selling, which is a departure from last week's panic selling, but also indicative of a new mindset that when there's no major news, the default is to sell. And then of course, the markets dove in the final minutes.

Financial stocks were hit the hardest, as banking fears grow, and questions about financial reform linger. Losers included Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) Click here to see the hedge fund managers getting hammered >

An issues that's been of concern for some time -- Spanish debt and the health of its banking system -- is starting to come into the fore. This weekend Spain seized one bank, and today investors were unnerved by an organized merger of four weaker institutions. For more on the Spanish banking crisis see here >

The oil leak in the Gulf continues to spew unabated. Towns in Louisiana are already seeing a major hit to real estate. See what Grand Isle Louisiana, arguably ground zero, looks like now >
One notable winner today was gold which, after selling off last week, rebounded nicely today.

10 Reasons to Worry About Margin Growth … In my opinion, it is going to be a rough month or two in the markets until it becomes evident that the sovereign debt contagion can be contained and organic economic growth can be sustained without continuing massive government support. A lot has been written about some of the major fear factors in the market right now including the European debt crisis, the developing property bubble in China, the commercial real estate debt overhang, the lack of revenue growth, the dismal state of the housing market, continued unemployment, and the withdrawl of government stimulus etc…. One of the items I am concerned about right now does not seem to be getting a lot of play or is being crowded out by the legitimate concerns around these other major issues. My worry revolves around margins. A lot of the earnings growth in the S&P this year has been driven by drastically improved margins over last year and not by revenue growth. I think this margin improvement as well as continued future margin expansion is already being priced into the market as sustainable.
10 REASONS TO WORRY ABOUT MARGIN GROWTH:

Companies responded to the financial crisis by slashing their workforces quickly and drastically. This resulted in an unprecedented drop in unit costs and productivity gains. Unit costs dropped by a record 1.7% in 2009 and are a still strong 1.6% in the first quarter of 2010. Productivity increased over 6% in the first quarter of 2010. As the economy continues to stabilize and the labor market slowly improves, neither of these metrics are likely to provide as much of a boost to the bottom line going forward.
Even given the commodity selloff of the last few weeks, raw materials are priced much higher than they were at the corresponding time last year. This will show up as higher input costs in many industries in coming quarters.
As the government continue to expand its presence at a relentless pace into core sectors of the economy(health care, student loans, financial services, etc…), operating costs of responding to new regulations as well as the hit to the margins of complying to recently passed legislation will be substantial in many industries
The dismal state of both state and federal budgets will inevitably lead to tax increases across the board in the near future that will fall on the corporate sector along with their consumers. Any movement to a VAT tax will also affect margins.
The recent sharp selloff in the euro will negatively impact American Multinational’s cash flows from Europe as currency effects will result in lower gross revenues. Sale declines amid slowing economic growth in the eurozone are also likely. From a margin perspective, American companies will now be facing more aggressive and nimble competitors in the rest of the world. This will likely lead to falling margins on other overseas sales as multinationals will have to cut their price points to compete against the Siemens of the world.
Financing rates are probably as low as they are going to for the near future. Any increase in interest rates as growth takes hold, or back up in corporate yields due to the developing credit contagion in Europe will not be positive for financing margins.
The historically large inverted yield curve that the Federal Reserve has engineered to bring the banks back to health will not last forever.
The inventory restocking phase is near its end, so the resulting improvement to operating cash flow and margins from this reduction is unlikely to continue to lead to the results of the last few quarters.
The state of commercial real estate will probably lead to additional write-downs in the next 12-24 months.
The cost to play in China as well as the resource laden countries(Ex, Venezuela) is unlikely to abate given rising nationalism/protectionism in a good part of the world.

In my opinion, a good portion of these factors will likely impact margins by the end of the year. I don’t believe this is adequately factored into earnings estimates across the board. Given this, I believe we have seen the highs for the year and next few quarters will be extremely volatile. Be careful out there.

Armistead: … ‘A number of writers and commentators have cited Robert Shiller's CAPE or P/E10 as evidence that stocks are overvalued, relying on very long term average P/E10 as the basis for that conclusion. In his book, Irrational Exuberance, Shiller proposed the use of inflation adjusted 10 year average P/Es (P/E10 or CAPE (Cyclically Adjusted Price Earnings Ratio)) as a basis for calculating the level of the S&P 500’ ...

Taking Defensive Action When Demand for Equities is Unhealthy Nussbaum: ‘Friday the S&P 500 closed below its 200 DMA for the second day in a row which is an important milestone for how we navigate market cycles. A breach of the 200 DMA indicates that demand for equities is not healthy and when demand is not healthy it makes sense to consider defensive action. The reason I wait until the end of the second day is to try to reduce the chance of getting whipsawed, but if we get whipsawed so be it. The priority is not to be correct down to the last basis point, it is to avoid the full brunt of down a lot should it happen. The specific trade was to triple up the existing sub-1% position in SDS that many clients had or to buy a suitably sized position for any newer clients who did not own any shares. If we flirt around the 200 DMA then I will be more tactical with the trade this time, coming out completely if market circumstances dictate. If it had to be unwound and then it went back below very soon thereafter, I would probably use another broad based double short ETF to allow taxable accounts to keep the tax loss. As far as a read on the market action, I tweeted Friday that the fact that emerging market stocks and mining stocks were down more than the broader market on Thursday and up more on Friday leads me to believe that the sell off thus far has not been cathartic. It may turn out to be so if it goes back down further, of course, but not at this point. David Lutz (he is on Erin's show all the time but I don't recall the firm he works for) said on Thursday that if the SPX did not take back the 200 DMA on Friday, then the current breach would be significant. Obviously I'm favorably disposed to the idea as it jibes with the action we took Friday. I would tell you at this point to not get caught up in which animal best describes the market or about official corrections (one of the most useless terms ever). The stuff I write about and implement focuses on signs of unhealthy demand which is not perfect - but I don't think it has to be. The modern track record for the few occasions where the market does end up going down a lot is to warn very early, with the last two important breaches coming in November 2000 and late 2007’.

The Giant Banks, Federal Reserve and Treasury Have All Blackmailed America If the too big to fails say that the world economy will crash and there will be martial law unless they are bailed out, politicians – most of whom don’t understand finance or economics – will believe them, and sound the alarm themselves. [People may have short memories but these threats were made]. Cap and Trade: A Gigantic Scam The same companies that made billions off of derivatives and other scams and are now getting bailed out on your dime are going to make billions from carbon trading. Great Depression 2.0. Bet on it Mike Whitney | Sovereign governments whose debts are paid in its own currency, are not like you and me.

POST MORTEM AND REVIEW Ricky:
A post mortem is in order. The elements of this worldwide con game are remarkably simple, not complex at all. Apparently you only need a few things to make a mockery of the entire global economic system, and big banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based on unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.

This is a global depression. This is a secular bear market in a global depression. This was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes.

Too Big to Fail Means Too Big to Exist Greg Hunter | I don’t see any way we are going to see a breakup of the banks. Celente On the Edge: Off With Their Heads 2.0 Infowars.com | Trends forecaster Gerald Celente tells Max Keiser a revolution is coming. Celente: 2010 Year of the Bubble Meet the Truth | Trends forecaster predicts the complete collapse of the dollar. Burden of Irish debt could yet eclipse that of Greece Irish Times | What will sink us, unfortunately but inevitably, are the huge costs of the September 2008 bank bailout. Bank of Spain seizes control of savings bank CajaSur MarketWatch | CajaSur posted a net loss of 596 million euros ($750 million).

Pentagon’s Cyber Command Prepares War Against the American People Kurt Nimmo | The “growing cyber threat” hyped by the government and the corporate media is cover for the real agenda. Mexican President Wants to Disarm Americans Aaron Dykes | Mexican President Felipe Calderón called upon the United States Congress to re-enact the assault weapons ban in a bid to disarm the American people as they are integrated into the North American Union system. Obama Calls for Global Government: “A New International Order” Alpha Omega Report | The President’s remarks come as the European Union teeters on the brink of collapse.

Germany’s Parliament Votes to Give 66% of Country’s Annual Income Tax Revenue to Banks If nothing is done to reverse these bills, the economic and social collapse of Germany, Greece and EU nations is inevitable. The 750 Billion Euro Bluff Johan Mattson | We are approaching maximum entropy. Hold on to your hats.

wobama’s wet dream with new jive of New New New “International Order” despite nation’s defacto bankruptcy and policies that have left allies defacto bankrupt as well in jive session At West Point Uses teleprompters... Tepid applause from cadets: Cuts 'That's a lot of cheering' line from prepared remarks... Freshmen Run Away From Obama (CQPolitics.com) Rasmussen: Obama Approval Drops To 44%, 63% Favor Health Care Repeal Sixty-three percent (63%) of voters nationwide favor repeal of the health care law. That’s the highest level of support for repeal yet measured.

Is this the best new york can do? How pathetic! Mob man cuomo will run for New York governor Salt Lake Tribune - Michael Gormley AP Albany, NY » New York Attorney General Andrew Cuomo declared Saturday he is running for governor of the state once led by his iconic father, after a coy stealth candidacy smiled upon by the White House and conducted as he carefully brings no mob prosecutions in n.y. as attorney general where as in jersey the mob is alive and well nad as such is dysfunctional, which dysfunctionality he and his have been very much a part of… Don’t forget his substantial role a HUD in the still extent financial debacle ... Video: NY's Mob families try for comeback in state as cuomo Announces He's Running for Governor The Associated Press cuomo takes aim at not mafia enough Albany in announcing candidacy Buffalo News `Sestak confirms WH job offer to get out of Senate race … to save specter whose specter is no more in those hallowed hall he sullied as less than inspector specter from JFK assassination, to financial assassination of the nation, etc. ...`

Rand Paul, Civil Rights, and More Liberal Hypocrisy on Race This week, thanks to Rand Paul’s win in the race for the Republican nomination for U.S. Senate in Kentucky, we are treated to another grand spectacle of liberal hypocrisy when it comes to race. Senators: Obama admin keeps Congress in dark on intel Anti-incumbent fever hits Colorado

U.S. military told to get ready in Korea standoff The White House said Monday that President Barack Obama “fully supports” the South Korean president and his response to the torpedo attack by North Korea that sank a South Korean naval ship. The new ‘Gulf of Tonkin’? The new Iraq? The new Panama? ‘Remember the Maine’? Etc. Déjà vu all over again? North Korea: An Enemy Made in the U.S.A. Kurt Nimmo | The North Korea threat now dominating the headlines was custom-made by the global elite and the military-industrial complex.

Revealed: how Israel offered to sell South Africa nuclear weapons Secret South African documents reveal that Israel offered to sell nuclear warheads to the apartheid regime, providing the first official documentary evidence of the state’s possession of nuclear weapons.

Editorial: Peres’ nuke offer Israeli President Shimon Peres has categorically denied that when he was defense minister in 1975, he offered to sell the South African apartheid regime nuclear warheads. Few people, even in Israel will believe him. Further, many will read into this lie an implicit admission that the Israelis do indeed possess their own nuclear arsenal because what Peres did not say was that Israel could not offer to sell atomic bombs to South Africa because it did not have any. Yet secret South African documents from that era show that Peres offered the white-supremacist regime a choice of small, medium or large nuclear warheads.

UK plans rapid withdrawal from Afghanistan British defense secretary: ‘We are not a global policeman’. Talk is cheap. When I see it I’ll believe it.

Russia rebukes u.s. over Afghan heroin glut, the increase being american induced for love of drug money FT.com | Moscow has criticised US-led forces in Afghanistan for failing to eradicate heroin production and warned at the weekend that drug smuggling was endangering Russia’s national security.

Australia expels Israeli diplomat over Dubai hit … Might this be a continuation of Australian evolution with the noted growth, albeit small, in backbones? … (Reuters)

Britain faces aggressive cuts in 'age of austerity' having leapt like lemmings into american oblivion ...

15 Ways to Predict Divorce

‘Secret Ops’ cause of US deaths in Iraq

CBS Propaganda Placement: Conspiracy Theorists Are Anti-American, Domestic Terrorists A primetime CBS show that aired last week featured a notable example of so called “propaganda placement”, where a talking point is inserted into the plot in order to shape public perception, often at the behest of the government. US State Department Says “Conspiracy Theories Exist In The Realm Of Myth” The US State Department’s America.gov web site, which purports to engage international audiences on issues of foreign policy, society and values, has dedicated a special section to conspiracy theories and misinformation. Canadian Government Pays Organization To Troll Political Chat Forums The next time you struggle to comprehend how someone could spend their time trolling the Internet in order to defend and downplay whatever government cover-up or abuse is in the news this week, consider the fact that they may be on a government payroll.

5-21-10

Economist: Stocks to Tumble Another 20%, Cash the Safest Place “There are some parts of the global economy that are now at the risk of a double-dip recession. From here on I see things getting worse.”

U.S. Jobless Rate Edges Up wall street journal US to end up like Greece. US debt problems are far worse. Isn’t that so? May 20, 2010 (CNN) -- Over the past month, we've watched from distant shores as Greece has plunged into a debt crisis. Mounting pressure from global financial markets forced Greece to begin a drastic austerity program.

T. Rowe Price Weekly Summary: ‘Stocks ended sharply lower for the week. Investors remained focused on the European debt crisis and its potential to weigh on U.S. exports and corporate profits. Share prices fell substantially on Tuesday, apparently in reaction to a new German ban on a type of speculative stock sale. Some worried that the unilateral move signaled that a wave of financial regulation lay ahead. On Thursday, stocks fell sharply again, causing the major indexes to fall into correction territory—widely considered to be a decline of 10% or more from recent highs. Disappointing economic data in the U.S. appeared to compound continued worries about Europe. The government reported an unexpected and sharp rise in weekly jobless claims, a gauge of regional manufacturing activity rose less than anticipated, and the Conference Board’s index of leading economic indicators declined in April for the first time in over a year. Stock prices rebounded somewhat late in the day on Friday. Financials rose sharply on the heels of the Senate’s passage of financial reform legislation. Investors may have also taken encouragement from the German parliament’s approval of the country’s contribution to the European Union and International Monetary Fund aid plan for Greece’.

Whatever Germany does, the euro as we know it is dead In one respect, Mrs Mummy Merkel is right: “The euro is in danger… if the euro fails, then Europe fails.” What she has not yet admitted publicly is that the main cause of the single currency’s peril appears beyond her control and therefore her impetuous response to its crisis of confidence is doomed to fail. FDIC: ‘Problem’ Banks at 775 A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.’s list of “problem” institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets. UK Austerity: Less Marriages, Less Investment, And Less Traveling Proposed austerity measures in the U.K. involve tax hikes or the removal proposed tax breaks, across a wide range of issues. Economist: Stocks to Tumble Another 20%, Cash the Safest Place “There are some parts of the global economy that are now at the risk of a double-dip recession. From here on I see things getting worse.” FDIC: ‘Problem’ Banks at 775 Wall Street Journal | A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.’s list of “problem” institutions in the first quarter. FDIC Insurance Fund Still $20 Billion in the Hole Greg Hunter | While the stock market was beginning its 376 point plunge yesterday, the Federal Deposit Insurance Corporation was quietly putting the best face it could on a banking system in serious trouble.

Dr. Cass Sunstein wants to turn off the lights Jerry Mazza | Sunstein’s tonality is reminiscent of Joseph Goebbels. Senate Passes Faux Financial “Reform” Bill Washington’s Blog | The Senate passed a financial “reform” bill which won’t fix any of the core problems in the financial system, and won’t prevent the next financial crisis. McGovern: us/israel Challenged on Iran Ray McGovern | While the U.S. and Israel are no longer able to dictate to the rest of the world how crises in the Middle East must be handled, the new reality has been slow to dawn on Secretary of State Hillary Clinton and her friends. US Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region Zero Hedge | With just one aircraft carrier in proximity to Iran, the Nobel peace prize winner has decided to send a clear message that peace will no longer be tolerated.

Rand Paul Strikes Back At Mainstream Media Smear Machine Would be Kentucky Senator Rand Paul has hit back at a desperate and sustained mainstream media attempt to smear him as a racist extremist following his historic primary victory earlier this week. Despite Establishment Smears, Rand Paul Is Crushing His Democratic Opponent In The Polls Rand Paul, riding the momentum of his big Republican Primary win on Tuesday, now posts a 25-point lead over Democrat Jack Conway in Kentucky’s U.S. Senate race. Libertarians On Paul’s Civil Rights Stance: ‘Very Reasonable’ Rand Paul’s apparent opposition to a key provision of the Civil Rights Act places him well within the mainstream of libertarian thought, according to several leading libertarians. Volcker Revelation: ‘Stiff’ New Tax Needed to Cover Obama Spending at 25% of GDP “Stiff” new taxes? How about ’stiff’ new spending cuts. It’s no surprise spending like a drunken sailor (apology to drunken sailors everywhere) on shore leave isn’t sustainable. Mexican Pirates Terrorize Boaters on Border Lake With machine-guns in hand, Mexico’s deadliest cartel is patrolling the waters of a Texas border lake. These pirates have already ambushed three, possibly four boats, operating with virtual impunity, stealing cash and electronics at machine gun point. Congressman Slams “Outrage” Of Calderon Lecture On Immigration Following Mexican President Felipe Calderon’s attack on the second amendment and his lecturing on American immigration policy, Congressman Tom McClintock described Calderon’s behavior as an “outrage” during a speech on the House floor yesterday, pointing out that America treats immigrants far better than the brutal way they are dealt with in Mexico. US Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region As if uncontrollable economic contagion was not enough for the administration, Obama is now willing to add geopolitical risk to the current extremely precarious economic and financial situation. Cannes hears call for ‘war criminals’ Bush, Blair to face trial Director Ken Loach, in Cannes with his Iraq war film, called Thursday for the “war criminals” George W. Bush and Tony Blair to be tried for launching the invasion that ousted Saddam Hussein.

‘Stocks dive, Dow off 376 on world economic worries NEW YORK (AP) -- Stocks plunged again Thursday as more investors woke up to the possibility that economic problems such as Europe's debt crisis might spread around the world …’ TRANSLATED INTO REALITY: STOCKS PLUNGED AGAIN THURSDAY AS MORE INVESTORS WOKE UP TO THE REALITY THAT ECONOMIC PROBLEMS SUCH AS EUROPE’S DEBT CRISIS ARE EXTENT, PERVASIVE, ARE SPREAD ‘ROUND THE WORLD, THAT THERE’S NO REAL RECOVERY IN DEFACTO BANKRUPT U.S., AND THAT THIS IS A GLOBAL DEPRESSION.

The correction is coming and it will be a bloodbath Zero Hedge | It is inevitable. It is our destiny. Stocks Fall Amid Concern About Europe’s Economy New York Times | Stocks on Wall Street fell sharply on Thursday as uncertainty over Europe and financial regulation continued to weigh on the market. Pan-European Bank Run Is Now On: Capital Flight From UK To Switzerland, As GBPCHF Intervention Strikes Next Zero Hedge | A quick look at the trading pattern of the GBPCHF shows that it is now UK depositors who are panicking and shifting their money to unnamed Zurich bank vaults. Wall Street slumps on euro-zone fears Reuters | All major indexes slid more than 3 percent on growing fears that the euro zone’s handling of its sovereign debt crisis could jeopardize the global economic recovery.

POST MORTEM AND REVIEW Ricky:
A post mortem is in order. The elements of this worldwide con game are remarkably simple, not complex at all. Apparently you only need a few things to make a mockery of the entire global economic system, and big banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based on unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Business Insider | “Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!” Mortgage delinquencies, foreclosures break records... State pensions becoming federal issue; Bail-out cost potentially more than $1T... March 2009 Lows Will Be Tested: Strategist The stock markets’ March 2009 lows to be tested and even broken as sovereign debt continues to grow in Europe and stimulus measures wane, Philippe Gijsels, head of research at BNP Paribas Fortis global markets, told CNBC.com Tuesday. Ex-Bundesbank Chief Says Greece Will Never Repay Debt, Says Bailout All About “Rescuing Banks And Rich Greeks” Zero Hedge | “It was about protecting German banks, but especially the French banks, from debt write offs.” You Are Being Lied To By The Entire Financial System Peter Santilli | Banksters will never tell you the truth about our economic outlook

SELL IN MAY AND GO AWAY!

US, Britain and Germany to discuss debt crisis [ Oooooh! The New Tehran Conference – How to make wars and bankrupt your nations and the world economy at the same time … Sounds like a plan … in the offing … of children, civilians, anything that moves … riiiiight! ] (AP) Bill for Afghan war could run into the trillions Inter Press Service | The U.S. Senate is moving forward with a 59-billion-dollar spending bill, of which 33.5 billion dollars would be allocated for the war in Afghanistan. Pyongyang denies sinking Cheonan, threatens war North Korea Thursday dismissed the allegation it attacked a South Korean Navy vessel in March as “sheer fabrication,” warning that punitive measures over the incident would be met with “tough measures including an all-out war.” [ Think about it! Iraq, Vietnam (false flags), remember the Maine, even 9-11, etc.. I believe North Korea; or more accurately, I don’t believe america and america’s so-called allies. ]. Oops! MSNBC graphic falsely suggests Taliban set fire to Bangkok People watching MSNBC Wednesday morning could be forgiven for believing that the Taliban had invaded Bangkok. As NBC’s Ian Williams reported on violent protests in the capital city of Thailand, a graphic on the lower third of MSNBC’s screen read: “NEW TALIBAN ATTACKS, BANGKOK BURNS.”

Debt crisis shakes markets LONDON: Europe struggled Friday to rein in a debt crisis that is wreaking havoc on global markets as Germany approved a giant euro bailout plan but pushed for debt-ridden countries to declare bankruptcy. A late rally for banks prevented European shares closing at their lowest in more than eight months, though euro zone sovereign debt crisis persisted and drained investor confidence worldwide. Editorial: Euro crisis deepens The European Economic Community, as the European Union was once known, was more about trade than unity. There was an assumption that trade integration would lead to ever-closer ties ultimately promoting union. One important signpost along the route, certainly for the enthusiastic supporters of a politically federal Europe, was the establishment of a single currency. Just drop the arrogance with Iran The agreement on Iran’s nuclear fuel announced on Monday after mediation by the Turkish and Brazilian governments should be good news for those who seek to use the rule of law for global peace.

Mexican President Denounces Arizona Law Despite Laws Against Illegal Immigration in His Own Country CNSNews | Obama and Mexican President Felipe Calderon criticized Arizona’s new law against illegal immigration.

5-20-10

Roubini: Get Ready For The Double Dip! Stocks to lose another 20 percent in value, according to The Doctor, who said we’re in for a “fiscal train wreck.”

Dow average sees biggest fall in 15 months Stocks, Oil Drop on US, Europe Growth Concern; Euro Rallies BusinessWeek - May 21 (Bloomberg) -- Stocks around the world plunged and commodities slumped as reports cast doubts on the strength of the US economic recovery and European leaders struggled to contain the region's debt crisis. Stocks dive on world economic worries Cincinnati.com Fear spikes, stocks tank CNNMoney Write-Offs: 05.20.10 $$$ “We are DONE FOR THE FORESEEABLE FUTURE INVESTING IN LARGE, COMPLICATED FINANCIAL INSTITUTIONS.” [FTAlphaville]

‘YAHOO [BRIEFING.COM]: The stock market extended its downtrend with another high volume selloff in the face of the second straight rally by they euro. A negative tone permeated trade for the entire session … the path of least resistance was downward. That left 99% of the S&P 500 to fall to a loss … Such widespread weakness not only left the stock market to close below its 200-day moving average for the first time since July 2009, but it also resulted in the stock market's worst single-session slide in more than one year. The S&P 500 is now down more than 10% from both its 52-week intraday high of nearly 1220 and its 52-week closing high of 1217, both of which were logged in late April … economic data generally disappointed as initial jobless claims for the week ended May 15 climbed 25,000 to 471,000, which was higher than many had expected. Continuing claims came in at 4.63 million to top what had been widely expected. Leading economic indicators for April showed a 0.1% decline when a 0.2% increase had been expected …’

‘Stocks dive, Dow off 376 on world economic worries NEW YORK (AP) -- Stocks plunged again Thursday as more investors woke up to the possibility that economic problems such as Europe's debt crisis might spread around the world and stop the growing recovery in the U.S. …’ TRANSLATED INTO REALITY: STOCKS PLUNGED AGAIN THURSDAY AS MORE INVESTORS WOKE UP TO THE REALITY THAT ECONOMIC PROBLEMS SUCH AS EUROPE’S DEBT CRISIS ARE EXTENT, PERVASIVE, ARE SPREAD ‘ROUND THE WORLD, THAT THERE’S NO REAL RECOVERY IN DEFACTO BANKRUPT U.S., AND THAT THIS IS A GLOBAL DEPRESSION.

STEEP STOCK DROP AS KEY TECH LEVELS PUNCTURED - Midnight Trader 4:29 PM, May 20, 2010 --

NYSE down 274.2 (-4%) to 6,653.00.
DJIA down 376.4 (-3.6%) to 10,068.
S&P 500 down 43 (-3.9%) to 1,088.98.
Nasdaq down 94 (-4.1%) to 1,072 …

‘MARKET DIRECTION Stocks fell sharply throughout the day, only moving off low pressured by weak U.S. economic data, technical factors and continued negative sentiment surrounding Europe's fiscal situation. The number of people applying for unemployment benefits in the United States shot up 25,000 in the latest week to 471,000, the highest level in a month, according to the Labor Department. The four-week average of initial claims - a better gauge of employment trends than the volatile weekly number - rose by 3,000 to 453,500. Economists surveyed by MarketWatch predicted initial claims would drop to a seasonally adjusted 440,000 from last week's reading of 446,000. The Philadelphia Fed index rose to 21.4 in May from 20.2 in April. Economists had expected a rise to 21.7, according to Marketwatch.com. Meanwhile, the index of leading economic indicators fell 0.1% in April, posting the first decline since March 2009. March was revised down to a 1.3% gain. Analysts polled by MarketWatch had expected a gain of 0.2% in April. Technically, stocks also broke support levels. The Dow fell below its close on May 7, the day after the infamous "Flash Crash" that saw an intra-day decline of nearly 1,000 points. The May 7 close marked the low -- until today -- of the correction that began from the April highs, Marketwatch.com reports. Further, the Dow and S&P 500 both broke below their 200-day moving averages, according to the report. ‘

POST MORTEM AND REVIEW Ricky:
A post mortem is in order. The elements of this worldwide con game are remarkably simple, not complex at all. Apparently you only need a few things to make a mockery of the entire global economic system, and big banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based on unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.

MARKETS CRUSHED: Here’s What You Need To Know Once again, fears emanating out of Europe (and China) swamped US markets, which got hammered for the 5th time in 6 days. Ominously, after some modest mid-day nibbling, stocks closed very near the lows of the day. Desperate Establishment Launch Baseless “Racist” Attacks On Rand Paul Following his huge grass roots victory in the Kentucky primary, the establishment on both sides of the phony political paradigm have instituted a desperate and sustained smear campaign against would be Senator Rand Paul. Dictator Of Failed State Lectures Americans About Freedom Americans were once again forced to endure the dictator of a failed state which represses and subjugates its citizens as a matter of course lecturing the U.S. about how ‘his people’ were being discriminated against yesterday when unelected Mexican President Felipe Calderon bashed the Arizona illegal immigration law. Neo-Cons Attack Rand Paul After Primary Victory Of course, Paul’s triumph is bad news for the GOP establishment. Mainstream pick Trey Grayson, who got walloped, was hand-chosen and backed by major establishment figures—from Mitch McConnell to Dick Cheney. Live Feed From Athens As 100,000 Greeks Go On Strike, Consider Storming Parliament Again The last time Greeks were shown to be storming their parliament on live TV, we got a 1,000 point drop on the Dow Jones. Today, another 100,000 protesters of austerity are expected to hit the streets as the entire country is essentially shut down. The Establishment Is In Full Blown Panic Over Rand Paul The establishment is in full blown panic over the runaway success of Kentucky primary winner Rand Paul and has set about attacking the son of Congressman Ron Paul from every conceivable angle in an attempt to undermine his support base and ensure his defeat by a Democratic opponent in November.

EURJPY Liquidations Take Pair Below 110, 100 pip Move In Seconds; BOJ Expected To Intervene Imminently Nobody cares about the euro any longer, but the following chart shows why EUR traders just ran out of money to even prepay their bodybags. The EURJPY just plunged 100 pips in one block!!! Pan-European Bank Run Is Now On: Capital Flight From UK To Switzerland, As GBPCHF Intervention Strikes Next A quick look at the trading pattern of the GBPCHF shows that it is now UK depositors who are panicking and shifting their money to unnamed (not so much anymore) Zurich bank vaults. The Road to Depression Debt woes in Greece have sent bond yields soaring and increased the prospect of sovereign default. A restructuring of Greek debt will deal a blow to lenders in Germany and France that are insufficiently capitalized to manage the losses. The Unbelievably Rampant Corruption On Wall Street In order for a financial system to be able to function properly, it is absolutely essential that the general population has faith in it. German Finance Minister: Markets Out of Control “I’m convinced the markets are really out of control. That is why we need really effective regulation, in the sense of creating a properly functioning market mechanism.” National Broadcaster Openly Rejects Question On Trilateral Meeting Here’s a short clip showing the national broadcaster, the equivalent in Ireland of the BBC outright refusing to discuss anything to do with the Trilateral Commission meeting recently held in Dublin.

NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more:

Launch of secret US space ship masks even more secret launch of new weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”

5-19-10

Stocks Breaking down … Wednesday’s action still makes me nervous, explains Karen Finerman. I thought the action in the market was terrible, says Gary Kaminsky. It doesn’t matter that the market rallied off the low. Maybe we bounce on Thursday but the trend is lower. My sources tell me institutions are taking risk off, Kaminksy adds. And it will stay that way at least through the summer. They feel that this isn’t the end of the crisis in Europe, it’s the beginning. I agree that the fundamental problems in Europe are unchanged, adds Brian Kelly of Kanundrum. They still have a big debt problem and almost zero growth. Big picture, I'm bearish and I added to my short positions …

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Business Insider | “Pul – leeze, get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits!” `Mortgage delinquencies, foreclosures break records... State pensions becoming federal issue; Bail-out cost potentially more than $1T...`

SELL IN MAY AND GO AWAY!

Roubini: Japan Could Easily Be Next While Europe receives an inordinate amount of attention for its current financial problems, and the U.S. has long been a pariah, we feel that recently markets and investors may have forgotten about Japan. Market Talk: Greek Finance Minister Says Separation From EU May Be Considered, Greek Gov’t Categorically Denies Germany’s Merkel Says Euro Is in Danger German Chancellor Angela Markel, spooking investors on Wednesday by saying the euro was in danger, urged speedy action to stop market “extortion” and said the EU needed a process for “orderly” insolvency of members. The Global Economy Is Now Out Of Control Yes this is it! We have crossed the Rubicon and events in the world economy are now likely to unfold in a totally uncontrollable fashion.

One of the latest letter writers to make noise on the Internet is the author/editor of Dow Theory Letters, Richard Russell. He advises his followers to sell everything that is liquid because “you won’t even recognize the country by the end of the year.”

'Major Crash' Likely, Russell Says‎ - May 18 (Bloomberg) -- Investors should sell US stocks because the market is at risk of a "major crash," Richard Russell, editor of the Dow Theory Letters ... "If I read the stock market correctly, it's telling me that there is a surprise ahead," Russell wrote. "And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead." … The market started showing signs of deterioration in early April, including a shrinking number of stocks reaching 52-week highs and falling stocks outnumbering rising ones, he said. San Francisco Chronicle - Richard Russell: sell Anything‎ - Before It's News Dow Theorist Richard Russell: Sell Everything Liquid, You Won't ...‎ - Canada Free Press Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today’s note: Do your friends a favor. Tell them to “batten down the hatches” because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won’t recognize the country. They’ll retort, “How the dickens does Russell know—who told him?” Tell them the stock market told him… ‘

March 2009 Lows Will Be Tested: Strategist The stock markets’ March 2009 lows to be tested and even broken as sovereign debt continues to grow in Europe and stimulus measures wane, Philippe Gijsels, head of research at BNP Paribas Fortis global markets, told CNBC.com Tuesday.

Ex-Bundesbank Chief Says Greece Will Never Repay Debt, Says Bailout All About “Rescuing Banks And Rich Greeks” Zero Hedge | “It was about protecting German banks, but especially the French banks, from debt write offs.”

You Are Being Lied To By The Entire Financial System Peter Santilli | Banksters will never tell you the truth about our economic outlook

When your little game is over on May 18, 4:14 PM said: @Ricky:

… Unhinged: When Concrete Reality No Longer Matters to the Market We’ve allowed big banks and affiliated institutions to simply concoct fake wealth out of thin air, and we have legitimized and rewarded these concoctions with a massive transfer of real wealth to a very small but powerful oligarchy through unregulated private bets backed by public taxpayer money, stratospheric fees siphoned from transactions, predatory lending, and private equity cannibalization of once-productive firms.

POST MORTEM AND REVIEW

A post mortem is in order. The elements of this worldwide con game are remarkably simple, not complex at all. Apparently you only need a few things to make a mockery of the entire global economic system, and big banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based on unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.

This combined with the moral, social, personal, and cultural approval of maximizing profit at any cost, incentivizes massive fraud and counterfeiting. How could this be otherwise, given the premises?

This is a global depression. This is a secular bear market in a global depression. This is a bull (s***) cycle in a secular bear market. This is a manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes.

THE FORECASTS:
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 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.

Feds Move to Throw Pot Smokers in Prison for Impaired Driving Kurt Nimmo | Behavioral impairment is not the issue. Expanding the criminal class is the issue. Pentagon, Police Stage Terror Attack Exercise in Long Beach Kurt Nimmo | Soldiers and cops will brandish weapons and terrorize residents with helicopters in fake terror attack exercise.

Tea Party leader Mark Williams says Muslims worship a 'monkey god'; blasts ... New York Daily News - Bill Hutchinson - Tea Party Express leader Mark Williams incited a controversy by saying Muslims worshipped 'a monkey God.' A proposed mosque to be built ... [Talk about stupid! Monotheist Christians, Jews, Muslims worship the same God. And that monkey thing … clearly williams is in touch with his own evolutionary history, poor boy!] Tea Party Leader Is Mad About Muslims Praying to 'Monkey-God' Near Ground Zero New York Magazine Mark Williams calls Allah a "monkey god," is he still welcome on CNN's air? Media Matters for America (blog) CAIR: Tea Party Leader Says Muslims Worship 'Monkey-God' PR Newswire

Abbas urges Mitchell to stop Israeli provocationsRAMALLAH, West Bank: Palestinian leaders on Wednesday complained to a US envoy about what they said were Israeli provocations, as the second round of indirect Israeli-Palestinian peace talks got under way.

Chavez wants US to ID money laundering suspects (AP)

5-18-10

March 2009 Lows Will Be Tested: Strategist The stock markets’ March 2009 lows to be tested and even broken as sovereign debt continues to grow in Europe and stimulus measures wane, Philippe Gijsels, head of research at BNP Paribas Fortis global markets, told CNBC.com Tuesday.

Ex-Bundesbank Chief Says Greece Will Never Repay Debt, Says Bailout All About “Rescuing Banks And Rich Greeks” Zero Hedge | “It was about protecting German banks, but especially the French banks, from debt write offs.”

You Are Being Lied To By The Entire Financial System Peter Santilli | Banksters will never tell you the truth about our economic outlook

When your little game is over on May 18, 4:14 PM said: @Ricky:

Home building gain to fade along with tax credit (AP) Stocks slide after euro falls to new 4-year low (AP)

SELL IN MAY AND GO AWAY!

E.U. faces tough questions as euro continues to slide The once-mighty euro, which briefly plunged to a four-year low against the dollar on Monday, may be doomed to keep falling whether or not European leaders can contain the region’s roiling debt crisis. Conspiracy of Banks Rigging States Came With Crash A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The Responses to the Gulf Oil Spill and to the Financial Crisis Are Remarkably Similar … And Have Made Both Crises Much Worse The Gulf oil spill and the financial crisis were both caused by excessive risk-taking by industry giants and the “capture” of politicians and regulators by the corporate behemoths.

Euro Plunges To 4-Year Low After German Trade Ban The euro plummeted Tuesday to a fresh four-year low after Germany announced it would ban certain speculative investments, exacerbating the selling of the single currency as investors run out of alternatives to trade the sovereign debt crisis already roiling the euro zone. Blanchflower: Europe Could Break Up, Another Bailout Inevitable Despite EU finance ministers trying to put on a brave face, confidence in the euro and the entire EU project as a whole continues to crumble, as former Bank of England policy maker David Blanchflower warns that the entire region could break up and that another euro bailout is inevitable. Bill for Afghan war could run into the trillions The U.S. Senate is moving forward with a 59-billion-dollar spending bill, of which 33.5 billion dollars would be allocated for the war in Afghanistan.

kerry – lieberman: Corrupt Climate Science Used To Destroy US Economy All sides of all issues kerry and the Zelig of american politics lieberman; their american Power Act (APA) is disastrous.

Obama Snubs Questions At Press Freedom Act Signing President Obama’s plummeting approval ratings have coincided with his increasing disdain for talking to the media, a trend embarrassingly highlighted yesterday during Obama’s signing of the Press Freedom Act, after which he refused to answer any questions from the press.

Woody Allen Says Wobama Should Become a Dictator Kurt Nimmo | Socialist intellectuals invariably end up advocating and supporting totalitarianism. [Come on, Kurt! Intellectual? That homely, neurotic, self-effacing schlemiel is a comic (I think he’s very funny). Who could possibly take him seriously?]

Wikileak founder’s passport confiscated The Age | Julian Assange says he had his passport taken away from him at Melbourne Airport and was later told by customs officials that it was about to be cancelled.

Norman Finkelstein: israel being exposed and feels threatened israel has refused to permit Noam Chomsky, the linguist and icon of the american left, to enter the occupied West Bank from Jordan.

Banned by Israel, Chomsky gives W.Bank lecture by video (AFP) WHO demands immediate end to Gaza blockade (AFP)

NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more:

Launch of secret US space ship masks even more secret launch of new weapon

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - ‎CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. `And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.`

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

Let all the World know that criminal america is the great fraud that will defraud and fool this world no longer. A longstanding example of america's fraud on the world is that america(ns) never set foot on the moon. The radiation alone (among other unanswered problems beyond the current state of america's "technology") precludes such a journey even with the so-called "technology" (who's impressed?) of today, much less that of then. Have you ever wondered why they haven't "been back"? You know that the militant, war mongering criminal americans would have had a military /missile base /installation there in a new york minute if they could. The video was good but not even great by that day's standards, errors and all. The same was a cold war bluff at best and fraud on this and all nations. america hasn't been to and never will get to the moon (nor mars); hence, containment for criminal america to this essentially dead solar system.
That is a universal good thing. More to come on these and related matters.

5-17-10

[video] Expect Second Half Slump, Says Roubini U.S. stocks to stay on shaky ground in week ahead `IMF: USA faces one of the biggest budget crunches in world...`

Dow recovers from 184-point drop to edge higher; all it took was a mouse-click and programmed trades, but such always, and I mean always come back down to reality (but they’ve commissioned the bubble up and down and where does that money come from – ultimately, your pockets) (AP)

Come on! The familiar b*** s*** story from the frauds on wall street.

Central Banks Prop Euro?: Dave's Daily ‘ … The word going around the street was central banks were intervening in currency markets driving the euro higher and with it U.S. stocks. U.S. stocks erased heavy early losses (the Dow down nearly 200 points) as the euro and stock markets were locked in a tango. Central banks know the immediate effect of what they're doing and the impact it will have on markets. They'll continue to do this as long as they have ink and reams of paper for printing presses. So fight with them at your peril. I wrote over the weekend and tweeted today that markets had been up 34 of the last 37 Mondays. This phenomenon is also known as "Mutual Fund Monday" where large amounts of money flow into markets. Naturally, this looked much in doubt early, but the cavalry charge by Da Boyz and central banks were well-timed to squeeze shorts once again. The bottom line: we've seen this movie before. Volume was comparatively heavy but breadth was negative to mixed … ‘

Mervyn King: “World’s Worst Financial Crisis Ever Bank of England Governor Mervyn King says “We are still halfway through the world’s worst financial crisis ever.”

The Bailout of Big American Banks Has Cost Trillions More Than We’ve Been Told Get Ready To Taste The Bitter Side Of Keynesian Economics Most Americans have no idea what the term “Keynesian economics” means, but the truth is that it has been deeply influencing U.S. economic policy for decades. Fed Board May Soon Add Three More Millionaires to Its Ranks The Federal Reserve Board may soon be adding three millionaires to its ranks. Euro Plunges As France Downgrade Rumor Emerges The country that Zero Hedge has long claimed is the glossed over black sheep that will take down the core of the eurozone is about to be downgraded. At least that’s the case according to the latest flurry of market rumors. RUMOR: Spanish Government May Backtrack On Austerity, Attempt To Close Gap With Big Tax Hikes According to a source in Spain, the socialist government of Prime Minister Zapatero is now seriously considering pulling back on its plans to run an austerity budget. Obama Administration: Goldman Sachs from Top to Bottom Kurt Nimmo | Obama’s change is owned and operated by the great vampire squid.

The Not-So-Great Recovery Morici ‘… After a deep recession, robust growth is possible if businesses have enough customers and capital, but President Obama’s policies don’t address the underlying causes of the Great Recession. Neither enough demand nor financing are forthcoming. Domestic demand—consumer, business spending, etc—will accelerate to 3.5 percent a year, but much is tapped off by a rising trade deficit—Chinese imports benefiting from an undervalued yuan and pricey imported oil. Troubles in Greece and elsewhere in Europe dampen markets for U.S. exports. President Obama won’t back up talk with China about its protectionism with concrete actions. The Chinese sense in Obama weakness, and in America decay. The President talks tough on the speaking circuit, but hasn’t stomach to stand up to China any more than he confronted tort lawyers and drug manufacturers in his health care reforms. The BPoil spill is a terrible national tragedy but the hard reality is that costly imported oil is depriving U.S. businesses of customers. Much of the money that leaves the country to pay for oil doesn’t return to buy exports. Obama tongue lashing Big Oil makes it more unlikely the United States will drill a lot more offshore or onshore. His bold talk notwithstanding, promises to build out domestic alternatives like nuclear and wind are not backed up by the comprehensive actions possible given technologies available right now. The President talks a good game but hardly plays—a fisherman boasting in the tavern who owns no boat. Add the troubles of the 8000 regional banks. Obama spent the TARP to bail out Wall Street banks, GM and his pals at the United Autoworkers but left the 8000 regional banks to sink or swim. Cash strapped, those banks can't lend enough to small- and medium-sized businesses, which create most new jobs. Add the new health care law—with huge costs to employers and higher premiums for individuals and the cost overruns the Congressional Budget Office now admits. Voila, even fewer dollars for consumers to spend on U.S. goods and more businesses offshoring jobs …’

SELL IN MAY AND GO AWAY!

This is a global depression. This is a secular bear market in a global depression. This is a bull (s***) cycle in a secular bear market. This is a manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes.

THE FORECASTS:
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 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.

'Europe's economy in deepest crisis since World War II' BERLIN: The president of the European Central Bank was quoted Saturday as saying that he still sees Europe's economy in its deepest crisis since World War II, or even World War I. Trichet calls for more control in eurozone Europe’s top central banker has rubbished suggestions that the single currency is under attack by speculators, despite the euro plummeting to a 19-month low against the dollar. MELTUP – “The Beginning Of US Currency Crisis And Hyperinflation”, The Viral Video Must watch hour long video from Inflation.us that is now making the viral rounds, explaining what everyone on this website understand, in simple language. Please forward to your friends and neighbors. Inflationist or deflationist, the facts behind this video are undeniable. It is time for the truth about our economy to break through the propaganda machine.

‘Mummy’ Merkel battered as Germans lose faith in EU The multi-billion-euro payout for Greece, followed by an even more expensive rescue package for the threatened single currency, has created the greatest political climate change in a generation. ‘There’s No Money Left,’ U.K. Minister Learns Arriving for work at the U.K. Treasury last week, the incoming chief secretary, David Laws, found a note from his predecessor, Liam Byrne, offering advice on the job. With Local Gold Inventories Depleted, Panicking German Dealers Stage Run On Krugerrands Last week we noted that several prominent Austrian and German gold dealers had run out of inventory and were no longer transacting with a European population that has suddenly discovered gold religion. Stocks, Euro Plunge on Concern Austerity Plans to Curb Recovery Bloomberg | The euro sank to the lowest value against the dollar since April 21, 2006, from $1.2358 in New York on May 14.

Senator: Kagan Argued Government Could Ban Books In an interview on NBC’s “Meet the Press,” Senator Mitch McConnell pointed out that Obama’s Supreme Court nominee Elena Kagan once argued that the government should have the power to ban books and censor political pamphlets, as yet more alarming information on Kagan’s hostility towards the First Amendment comes to light. Obama Czar Wants Mandatory Government Propaganda On Political Websites Disturbing audio has emerged of White House information czar Cass Sunstein, who in a previous white paper called for banning “conspiracy theories,” demanding that websites be mandated by law to link to opposing information or that pop ups containing government propaganda be forcibly included on political blogs. Investigators: Obama using Connecticut Soc. Sec. Number Before It’s News | Records indicate the number was issued between 1977 and 1979, yet Obama’s earliest employment reportedly was in 1975 at a Baskin-Robbins ice-cream shop in Oahu, Hawaii. Ron Paul: Those Who Voted Against Audit The Fed Will Pay The Price Texas Congressman Ron Paul appeared on CNBC’s Squawk Box earlier today to discuss the financial crisis and his ongoing effort to audit the Federal Reserve.

Homeland Security Threatens to Seize Farmer’s Land in Vermont Boston Globe | Last month, the Rainvilles learned that if they refuse to sell the land for $39,500, the government intends to seize it by eminent domain.

Greece Considering Legal Action Against U.S. Banks for Crisis Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said. Greece and the Euro: Recession With No Exit

David Hammer Talks About McVeigh and Government Prior Knowledge of OKC Bombing Infowars.com | Hammer adds plenty of detail at odds with the government version of what happened on on April 19, 1995. Cynical Ploy: Turn Illegals into Democrat Voters Kurt Nimmo | Obama and the Democrats want to legalize illegal aliens before the next presidential election. Obama Administration Proposes Rolling Back Fifth and Sixth Amendments New York Times | The idea to delay hearings would be attached to broader legislation to allow interrogators to withhold Miranda warnings from terrorism suspects for lengthy periods. Viguerie: Forget Third Parties, Vote for “Principled” Establishment Candidates Kurt Nimmo | Viguerie’s “principled conservatives” will follow orders or end up in compromising situations with prostitutes or suffer airplane accidents. Let’s face it. A large number of “conservatives,” in actuality neocons, are mind-numbed ciphers for the establishment Republican Borg collective. This fact was underscored earlier in the week when a poll sponsored by Richard A. Viguerie, Chairman of ConservativeHQ.com, hit the bricks. Google Says It Mistakenly Collected Data on Web Usage Google Inc. said an internal investigation has discovered that the roving vans the company uses to create its online mapping services were mistakenly collecting data about websites people were visiting over wireless networks. [Truth be told, Goggle’s NSA deal puts all such explanations in question].

New target of rights erosions: u.s. citizens Glenn Greenwald | A primary reason Bush and Cheney succeeded in their radical erosion of core liberties is because they focused their assault on non-citizens with foreign-sounding names.

More troops hospitalized for mental health than any other reason More U.S. troops were hospitalized for mental health disorders than any other reason in 2009. [This is a generic problem that reflects the reality of the prevalence of mental health disorders among the american populace generally, and made more statistically visible by the ready availability of coverage, hospitalization, and treatment].

Trilateral Commission Wants War With Iran Trilateral Commission member Mikhail Slobodovsici, a chief adviser to the Russian leadership, unwittingly provided a revealing insight into the plans of the global elite during the group’s recent meeting in Dublin Ireland, when he mistakenly told a We Are Change Ireland activist he thought was a fellow TC member that the globalists are planning a war with Iran. UK vows to back US against Iran Days after the establishment of a new British government, Foreign Secretary William Hague vows to work with the US against Iran, going so far as to consider military action against Tehran. This shows that you can’t teach dying nations new tricks as uk continues to follow defacto bankrupt, zionist-supporting america into the abyss of permanent decline. Greek Unrest Spreads to Romania and Ireland Russia Today | This crisis may be spreading worldwide as the debt crisis continues, there have been reports that it may spread to Japan, one of the biggest economies in the world.

Editorial: Iraq’s uncertainty A recount of 2.5 million votes in Baghdad has shown there was no fraud as alleged by outgoing Premier Nuri Al-Maliki. The election result therefore remains unaffected. The main challenger, Iyad Allawi, remains two seats ahead of Al-Maliki’s Shiite coalition. Now fully two months after the general election, it is high time Iraq’s political leaders quit their squabbling and formed a new government.

Editorial: Driven to despair Arabnews.com ‘Should anyone like to congratulate Israel for its creation, it would be equivalent to congratulating it on the success of its daylight robbery of Palestine and the systematic expulsion of the Palestinian people from their land and homes. As Palestinians mark yet another day remembering the Nakba, the catastrophe of Israel’s creation in 1948, any congratulations being extended should go to their evictor-turned-jailor of the world’s largest prison.’

'Europe's economy in deepest crisis since World War II' BERLIN: The president of the European Central Bank was quoted Saturday as saying that he still sees Europe's economy in its deepest crisis since World War II, or even World War I.

Israel bars academic Chomsky entry to West Bank (Reuters) Israeli left flies flag to urge end to occupation (Reuters) Israel bars Noam Chomsky from West Bank (AFP)

Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad.

Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A report links labs in the United States and Israel to the Cryptococcus gatti fungus that has killed several people in the United States.

5-14-10

Understanding the Recent Mayhem in the Equity Market Rosenthal ‘… Government support is the primary reason equity markets have traded higher over the last year. That support has taken the form of, to name a few, "cash for clunkers," foreclosure prevention, home buyer credits and a myriad of Fed liquidity programs. The result of this support has been the release of government supplied economic numbers that appear promising and suggest GDP expansion (Did you pick up the sarcasm in that sentence? Sorry!). To sum up, large quantities of Fed-provided quantitative easing and rosy economic numbers are the fuel driving markets higher. Now Europe and the European Central Bank (ECB) have joined the fray. Supposedly close to $1trillion of liquidity will be thrown into the gaping mouth of the debt monster. Pressure: Abysmal – as in the size of an abyss – amounts of world debt are swallowing up prodigious amounts of liquidity …’

DOW AT SAME LEVEL IT WAS -- 10 YEARS AGO! Bankruptcies resume upward path... Midwest Bank, other failures bring '10 tally to 72 Fri, 14 May 2010 The closure on Friday of Midwest Bank and Trust Co., which had over $5 billion in deposits and assets,... Its failure will cost the deposit-insurance fund $216.4 million, the FDIC said. Springfield, Mo.-based Southwest Community Bank was also closed by regulators Friday. Southwest Community Bank had $102.5 million in deposits as of March 31, the FDIC said, and its failure will cost the deposit-insurance fund $29 million. Other banks closed Friday included Plymouth, Mich.-based New Liberty Bank, which had $101.8 million in deposits as of March 31, and St. Marys, Ga.-based Satilla Community Bank, which had $134 million in deposits as of March 31. The closures of New Liberty Bank and Satilla Community Bank will cost the deposit-insurance fund a combined $56.3 million, the FDIC said …

The Financial System is Corrupt Greg Hunter | Rigged games are doomed to fail. The second debt storm MarketWatch | The debt mountain that brought down some of the world’s biggest banks and dragged the international financial system to the brink of disaster has simply shifted to governments. Euro Breakup Talk Increases as Germany Loses Its Currency Proxy What was conceived as a club for Europe’s strongest economies was expanded for political reasons, leaving the currency union with minimal powers to police deficit spending and no safety net for dealing with countries, like Greece, that veer toward default. US faces same problems as Greece, says Bank of England Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. First Fed Invoice For Bailing Out Europe Is In: The Damage – $9.2 Billion The first bill to US taxpayers for volunteering to bail out Europe is in. The Bailout of Big American Banks Has Cost Trillions More Than We’ve Been Told Granted, the $700 billion dollar TARP bailout was a massive bait-and-switch. The government said it was doing it to soak up toxic assets, and then switched to saying it was needed to free up lending. It didn’t do that either. Indeed, the Fed doesn’t want the banks to lend. You Are Being Lied To By The Entire Financial System Peter Santilli | Banksters will never tell you the truth about our economic outlook because if they did, we’d all default on our mortgage loans and stop spending money altogether.

Euro Plunges As France Downgrade Rumor Emerges The country that Zero Hedge has long claimed is the glossed over black sheep that will take down the core of the eurozone is about to be downgraded. At least that’s the case according to the latest flurry of market rumors. Detroit To Destroy 10,000 Abandoned Homes Mayor Dave Bing has pledged to knock down 10,000 structures in his first term as part of a nascent plan to “right-size” Detroit, or reconfigure the city to reflect its shrinking population. Euro Falls to Lowest Since Lehman as Breakup Concern Increases The euro fell to its lowest level since the collapse of Lehman Brothers Holdings Inc. on concern that the 16-nation currency may be headed for disintegration.

SELL IN MAY AND GO AWAY!

This is a global depression. This is a secular bear market in a global depression. This is a bull (s***) cycle in a secular bear market. This is a manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes.

THE FORECASTS:
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 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.

Viguerie: Forget Third Parties, Vote for “Principled” Establishment Candidates Kurt Nimmo | Viguerie’s “principled conservatives” will follow orders or end up in compromising situations with prostitutes or suffer airplane accidents. Beware the Recent Situation in Greece: It Will Happen Here! Gary D. Barnett | Careful consideration by the American people is now mandatory if a non-violent and positive outcome to the impending economic downfall is expected. Racist film ‘Machete’ produced with taxpayer funds Infowars | ‘Machete’ has fallen into controversy, and it’s still months away from its September release. This may be partly because the film has been supported by taxpayer funds, despite its racist message. A Message from Argentina: Our Sympathies to the People of Greece! Adrian Salbuchi | Make no mistake: this is a Global Model. Trilateral Commission Wants War With Iran TC member unwittingly tells We Are Change activist of plans for world government. Geithner to Submit Economic Report to Rockefeller, Rothschild, Kissinger Economic Policy Journal | Minion Geithner will submit economic report to global elite on Obama’s agenda for economic growth and strengthening the global financial system.

Ireland: Action To Arrest Wanted War Criminal Kissinger Trilateral Member May 2010 Video Henry Kissinger has an International Arrest Warrant out for him and an attempt is made to enforce it in Four Seasons Hotel Dublin Ireland where he was staying 8th May 2010. Greek Unrest Spreads to Romania and Ireland Russia Today | This crisis may be spreading worldwide as the debt crisis continues, there have been reports that it may spread to Japan, one of the biggest economies in the world. US media demands Greek-style austerity for American workers WSWS | It is rich to hear demands for sacrifices and lectures about “the people” living beyond their means. European Council On Foreign Relations: EU Needs To Use Crisis For Greater Power Several more autocratic international voices have added their weight behind proposals to vastly empower the EU with greater authority to govern over nation states in Europe, in the wake of the sovereign debt crisis. Meanwhile, one leading commentator has described the move as “fiscal fascism”. Trilateral Commission Wants War With Iran Trilateral Commission member Mikhail Slobodovsici, a chief adviser to the Russian leadership, unwittingly provided a revealing insight into the plans of the global elite during the group’s recent meeting in Dublin Ireland, when he mistakenly told a We Are Change Ireland activist he thought was a fellow TC member that the globalists are planning a war with Iran.

Russia warns U.S. against unilateral Iran sanctions Russian Foreign Minister Sergei Lavrov warned the United States and other Western nations on Thursday against imposing unilateral sanctions on Iran over its nuclear program, Interfax news agency reported.

Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad.

Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A report links labs in the United States and Israel to the Cryptococcus gatti fungus that has killed several people in the United States.

Drudgereport: DOW AT SAME LEVEL IT WAS -- 10 YEARS AGO!

Bankruptcies resume upward path...

DEATH BY DRONE: Controversy after CIA authorized to kill U.S. citizen...

BANK OF ENGLAND: USA FACES SAME PROBLEMS AS GREECE Republicans introduce bill to prevent EU bailout... Euro Drops Below 14-Month Low Set Before Rescue...NYT NEW NORMAL: Many Jobs Lost in Recession Will Not Be Coming Back...BUDGET BLOWOUT: DEFICIT 4X HIGHER IN YEAR
US Exposure to EU Bailout: $50 Billion and Counting...
RASMUSSEN POLL: 33% Want Kagan Confirmed, 33% Do Not, 34% Not Sure...
Bloomberg Wants 'Big Brother Britain' For NYC...
'We are once again the schmucks of Europe!' German media's verdict as anger at Greek bailout swells...
'Browbeaten' Merkel weakens...
UNEMPLOYMENT UP TO 9.9%...
Broader Rate Increases to 17.1%...
PLUNGE REMAINS MYSTERY; $1 TRILLION BRIEFLY WIPED OFF SHARES
Payrolls Rise 290,000 in April...
MOODY'S: U.S. Debt Shock May Hit As Soon As 2013...
RNC: OBAMA'S 'NEW NORMAL' IS UNACCEPTABLE...
Poll: 39% Would Pick Obama Again...
OBAMA PENTAGON GIVES $500M 'NO BID' CONTRACT TO HALLIBURTON...
PRESIDENT LASHES OUT AT MEDIA WORLD; IPADS, XBOXES, RUMORS
Fed chief tells graduates: Don't worry, be happy...
DOWNER: First lady's message: Brace for hardship...
Stocks Dive Worldwide on European Debt Concern...
MARKET VIOLENCE: FEAR, EURO WEAKENS, GREEK RIOTS CONTINUE, RETAIL DISAPPOINTS
DOW SWINGS 1010 POINTS, 2ND LARGEST IN HISTORY...
'MANIPULATION'
VIDEO OF DRAMA...
CNBC: FAT FINGER, HUMAN ERROR IN TRADE CAUSED PLUNGE... PUSHED 'B' INSTEAD OF 'M'?
REPORT: BAD TRADE TRACED TO CITI...
'No Evidence that CITI was Involved in Any Erroneous Transactions'...
UPDATE: Oil Starts To Wash Ashore Off Louisiana...
GREECE PARALYZED BY VIOLENCE
DEBT CRISIS
Stocks Slide Worldwide, Erasing 2010 Gain...
UK budget deficit 'to surpass Greece's as worst in EU'...
FREDDIE MAC seeks $11 billion dollars from feds to cover losses...
Many possible triggers for wider euro debt crisis...
Plunge raises reserve status fears...
Faber: China 'Crash' Coming ...
Oil from Gulf spill may even 'reach Miami'...
Gulf Coast watches, waits for path...
Leak could hit 40K barrels a day...
Cleanup chemicals worry environment watchdogs...
Oil will persist in sensitive habitat 'FOR YEARS'...
BP Chief: We'll get loads of illegitimate claims - this is America...
Psychiatrists: Global warming fears seen in 28% of obsessive compulsive disorder patients...
Dems expolit oil rig explosion that killed 11 Americans to raise $$$...
AHMADINEJAD: USA SHOULD BE PUNISHED FOR NUCLEAR 'THREATS'
Federal Government Outpaces Private Sector in Job Creation...
Inflation up 2% in March...
LIST: 20 most stressed, least stressed counties in USA...
TALIBAN LEADER 'KILLED BY CIA DRONE' SURFACES ON INTERNET
Videos appear to show Pakistan Taliban chief alive...
Washington claimed killed…among others, for the umpteenth time…helps sell war budgets...
MELTDOWN: Greece Gets $146 Billion Bailout...
Largest ever assembled for a country...
'Collapse or salvation'...
Junk Bond Sales Set Record...
SPILL SPREADS
OUT OF CONTROL
European Central Bank President: Global Governance 'extremely necessary'…Riiiiight! … Sounds like a plan … and who to govern? The same incompetent vegetables who’ve created the problems in the first place? Oooooh … Brilliant! ...
Greece, the so-called cradle of western democracy, erupts as IMF prepares to wield axe...
AZ deputy shot in stomach by suspected illegal...
UPDATE: Immigrants plan Saturday marches...
596 convicted of crimes nabbed in South...
OIL SLICK NOW
THREATENS GULF COAST
BLAME GAME
Slick Ashore Tonight Worse Than Exxon Valdez … How Did This Happen ?
Roubini Says Greece 'Tip of Iceberg' as Sovereign Debt Threatens Recovery...
Geithner: 'I Never Had A Real Job'… sounds like a plan!...
Tent City In New York Set Up In Hopes For Elevator Job...      camped out for 3 days for chance at getting an application
NATIONAL ENQUIRER CLAIMS OBAMA CHEATING SCANDAL... 'Hotel security video could topple Obama's presidency'...
GOLDMAN BOSS VISITED WHITE HOUSE AT LEAST 4 TIMES...
GOLDMAN SACHS CEO endorses Dem Banking Bill: 'Wall Street will benefit'...
GREECE CUT TO JUNK...    Doubts intensify...     Spreads to Portugal...
Stephen Hawking: Aliens exist but don't talk to them -- it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s inhumanity to man? … Such humble beginnings and evolutionary history … What’s not to like? … Besides, not to worry. With their advanced technologies that defy human understanding, the aliens already know you’re here … to stay. So, not to worry. After all, as we know from that documentary of that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on earth in a very big way also going for it! ...

Seeing Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best, decades.

5-13-10

Drudgereport:`BANK OF ENGLAND: USA FACES SAME PROBLEMS AS GREECE` The Crisis Is On! Keith Johnson | Until the american people snap out of their trance, they will refuse to believe that they are in a depression, recession, or crisis.

CEO Predicts Market Armageddon: Dow To 5,000 Cornerstone Wealth Management CEO David Hefty agrees with a growing number of other financial experts that a real estate collapse in China before the end of the year will send shockwaves through the global economy, leading to a stock market collapse which will send the Dow into free fall below the 5,000 level.

europe and america morally and financially bankrupt Greece Bailed out, 19 more nations to go, Greeks not ready to submit to austerity, Gold is the antithesis of Fiat money, false hope for jobs, Goldman Sachs under investigation, but they make money every quarter regardless…

U.K. To Be The Next European Nation To Experience A Massive Debt Crisis Now that the Greek debt crisis has been “fixed” by a gigantic pile of more debt, many are wondering which European nation will be next to experience a massive debt crisis.

SELL IN MAY AND GO AWAY!

This is a global depression. This is a secular bear market in a global depression. This is a bull (s***) cycle in a secular bear market. This is a manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes.

THE FORECASTS:
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 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.

Gerald Celente: Banks robbing the people Gerald Celente says that this is the greatest bank robbery in history and it is the banks that are doing the stealing. What is good for Goldman Sachs is bad for the world Jerry Mazza | “What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’re going to take yours.” Americans Have Lost Faith in Wall Street Here Comes The Bailout Bailout: European Central Banks Gobbling Up Portuguese, Irish And Greek Government Bonds Raw Footage Of Violent Bailout Protests In Ireland It’s not just Greece. Via The Daily Bail, here’s what the Irish street looks like, as protesters attempt to storm parliament in protest of bank bailouts. Gold Could Explode To $3,000 As Confidence In Currencies Collapses Financial analyst David Rosenberg says gold could explode to $3,000 an ounce as European investors dump the ailing euro in exchange for the precious metal while JP Morgan states that bullion could face unlimited demand as panic buying ensues on the back of crumbling confidence in fiat currencies.

Portugal to unveil ‘crisis tax’ to cut deficit José Sócrates, Portugal’s prime minister, will announce tough new austerity measures on Thursday, including a “crisis tax” on companies and wages, to accelerate cuts in the country’s gaping budget deficit.

Racist film ‘Machete’ produced with taxpayer funds Infowars | ‘Machete’ has fallen into controversy, and it’s still months away from its September release. This may be partly because the film has been supported by taxpayer funds, despite its racist message. Robert Rodriguez’ incendiary race film ‘Machete‘ was made, in part, with help from tax incentives and location access provided by the Texas Film Commission, a division of Governor Rick Perry’s Office. Most Americans approve of Arizona’s law on illegal immigrants A strong majority of Americans support Arizona’s controversial new immigration law and would back similar laws in their own states, a new McClatchy-Ipsos poll found. kerry/lieberman rebrand “cap & trade” as “american power” and hope you won’t notice american spectator | senators john kerry and joe lieberman will host a press conference announcing the fifth senate reinvention of “cap-and-trade” global warming legislation since 2003, the “american power act”. mafia’s man cuomo, still no mob prosecutions, but busy forcing clothing retailer to hire transgenders it just got a little easier for a transgender person to work at american eagle outfitters – at least on paper. Elena Kagan’s Opposition to Gun Rights Ken Klukowski | Why wouldn’t Kagan file a brief expressing the view of over 75% of Americans that the Second Amendment is an individual right?

Action To Arrest Wanted War Criminal Kissinger in Ireland The Sovereign Independent | A delegation of Irish and some other nationalities asked the Irish Police force (Garda) to arrest Henry Kissinger who was resident in the hotel on foot of the warrant. David Icke on the 2010 British Elections David Icke discusses the reasons behind policies of mass uncontrolled immigration in pursuit of ending the nation state, with particular focus on the 2010 British election and the Cameron-Clegg “coalition” which will only be used to advance both flanks of the new world order agenda via a one-party state. European Vegetables Present Proposal For New Economic And Political Order Steve Watson | Federalized union touted by Bilderberg’s finest crop of vegetables. The European Commission, the executive body of the European Union, has revealed a set of proposals to fully integrate the economies of the EU member states and centralize power under a federalized union.

Russia warns U.S. against unilateral Iran sanctions Russian Foreign Minister Sergei Lavrov warned the United States and other Western nations on Thursday against imposing unilateral sanctions on Iran over its nuclear program, Interfax news agency reported.

Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad.

Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A report links labs in the United States and Israel to the Cryptococcus gatti fungus that has killed several people in the United States.

5-12-10

Records being broken: ‘The Treasury also unveiled its April budget, which showed a $82.7 billion deficit. That was much more than expected and was also the largest deficit ever recorded for April.’

The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008 (trade deficit rose 2.5 percent to $40.4 billion in March compared to the February imbalance. It was the largest monthly trade deficit since December 2008).

‘Printing’ a trillion in digital money they don’t really have plus printing more worthless paper money on top of many trillions of worthless mark to anything toxic assets / securities / paper still out there, they’re dreamin’ and schemin’ with new fraud. If it wasn’t for the magnitude of the fraud, this would be a total joke! How desperate and pathetic they’ve become. This is a great opportunity to sell / take profits in this grossly over-valued market. The lemmings have leaped. Trillion-dollar euro rescue won't solve low growth or unsustainable debt burdens (AP)

Now why is the down volume their only concern when the manipulated up volume is a primary source of the continuing fraud?

Getting the trading volume historical data is a bit like pulling teeth and difficult to come by yet should be clear and figure prominently in the current purported scrutiny of what everyone knows to be wall street fraud / abuse for which they should be criminally prosecuted, jailed, and disgorgement imposed:

OTC Trading volume stats: 2009 405,549,335,427 2008 297,820,739,753 2007 437,540,629,315 2006 640,960,186,993 2005 421,925,720,903 2004 448,838,679,280 2003 267,359,303,630 2002 165,319,395,009

Note the following in 1999 as computerization began to pick up steam: RECENT GROWTH IN NASDAQ TRADING VOLUME AND ITS RELATION TO MARKET VOLATILITY.By Webb, Gwendolyn P. Publication: Journal of Financial Research Date: Wednesday, December 22 1999

The volume / numbers of shares (and the dollars involved) are staggering and predominantly have served the churn-and-earn wall street frauds who like termites continually eat away at the nation’s foundation – remember: only a small percentage; ie., about 5%, of what they do is an economic plus: http://www.albertpeia.com/NYSE_Euronext_Transactions_Data.pdf - and their ever larger commission / fee / premium dollars have to come from somewhere.

Note the following volume increases even as the crash was looming:

NYSE Euronext Business Summary for November 2007

Busiest Month Ever for European Cash Markets: +68.3% year-on-year
Busiest November Ever for European Derivatives Markets: +38.1% year-on-year
NYSE Group Avg. Daily Volume Up 26.8% year-on-year and 15.9% year-to-date
NYSE Arca Options: New All-Time Records in Volume and Share of Trading

Dec. 5, 2007 – NYSE Euronext (NYSE Euronext: NYX) reported strong transaction volumes in U.S. and European trading operations for November 2007, highlighted by record activity on Euronext, Liffe and NYSE Arca Options, which is now the third largest options exchange in the U.S.

Average daily volumes of 3.3 billion shares handled^[1] on NYSE Group exchanges in November 2007 resulted in year-on-year gains of 26.8%. During the month, 33.6 million transactions^[2]were recorded on Euronext cash markets, up 68.3% year-on-year, bringing the total number of transactions registered since the beginning of the year to over 300 million. Liffe registered its busiest November ever, with trading up 38.1% from a year ago. Total volume for equity options trading on NYSE Arca Options reached record levels increasing 72.5% year-on-year. Average daily volume in November improved by 108.7% year-on-year, which included November’s new record of 1.97 million contracts traded daily.

NYSE Euronext, with six cash equities and six derivatives exchanges, is the leading and most diversified global exchange group.

IT’S STILL: SELL IN MAY AND GO AWAY!

This is a global depression. This is a secular bear market in a global depression. This is a bull (s***) cycle in a secular bear market. This is a manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes.

THE FORECASTS:
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 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.

US probing Morgan Stanley deals: media US federal prosecutors are investigating whether Morgan Stanley misled investors about financial derivative deals against which it sometimes bet, The Wall Street Journal reported Wednesday. What is good for Goldman Sachs is bad for the world Jerry Mazza | “What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’re going to take yours.” Here Comes The Bailout Bailout: European Cental Banks Gobbling Up Portuguese, Irish And Greek Government Bonds Zero Hedge | The European private banks win the overnight battle with the Central Banks again. Gold Is Money Greg Hunter | If real assets were used for this bailout, it would not be done.

Contract killers for Mexican cartels cross border Washington Post | The heavily tattooed Barrio Azteca gang members have long operated across the border in El Paso, dealing drugs and stealing cars.

Training That Makes Killing Civilians Acceptable Real News | Josh Stieber: In boot camp we trained with songs that joked about killing women and children.

US troops executing prisoners in Afghanistan, journalist says The journalist who helped break the story that detainees at the Abu Ghraib prison in Iraq were being tortured by their US jailers told an audience at a journalism conference last month that American soldiers are now executing prisoners in Afghanistan.

Will the great rec(depr)ession lead to World War IV? - Economics - Salon.com … [ Come on! You’re goin’ to give them wet dreams … you know, blood and guts and death and mayhem and fog of war for fraud_…_the american dream_] Salon.com

Obama: Afghan war will worsen before it improves … Sounds like a plan … (AP)

U.S. Special Forces Slaughter Family In Afghanistan, Attempt Cover-Up Political Theatrics | A family in Khataba, Afghanistan, held a party to celebrate the birth of a baby boy. Just hours after they went to sleep, U.S. Army Special Forces assaulted the house.

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”

Neil Armstrong: Obama's New Space Plan 'Poorly Advised' The really scary thought about neil armstrong is that he may have really believed he was on the moon though it was just a set … I think he’s dumb, but not that dumb. Don’t forget, he’s totally invested in the moonwalk lie!

I read one article (there have been several) quoting Hawking as likening the effect of ET as potentially as devastating as Columbus’ landing was to the indigenous native populations in terms of infectious viruses / diseases for which there were no immunities. Not to be critical, and mathematics are his purported strength, but the reality is that wherever the europeans (including especially european americans) have been, particularly the british, they’ve brought disease (smallpox, plague, measles, etc.), despoliation, and murderous wars, which continue to this day (ie., Iraq, nato/Afghanistan, etc.), to the indigenous populations. One can only conclude in psychological terms that he was projecting (guilt, malevolent intent, etc.). Not to be cruel, but having seen pictures of him recently, such thoughts seem not at all healthy for him and one might say he kind of put his foot in his mouth, but we all know he couldn’t possibly do that.

Quite some time ago, I posted the following on my website as apposite:

"Dying from cancer, Von Braun enlisted Rossin, a fellow executive at Fairchild Industries, to help educate the public and decision-makers. He regarded space-based weapons as "dumb, dangerous, destabilizing, too costly, unnecessary and unworkable." Significantly he outlined the five-step "scare tactics" used to justify them. First the public has been made to fear the Communists; then "terrorists"; then "rogue nations"; then "asteroids" and finally "extraterrestrials." "Remember Carol, the last card is the alien card. We are going to have to build space-based weapons against aliens and all of it is a lie," he told her. The program is slowly unfolding as Von Braun predicted. We are at the rogue nation, terrorist stage."

The New Big Lie/Fraud By Criminal america - Henry Makow Is Right On Target, Particularly With the Not Coincidental Coming Release of 'War of the Worlds' … SOME TRUTH: Realize That Any Beings Sufficiently Advanced To Travel Here, If Other Than Peacefully Intended With A Civility That This Planet Will Never See Nor Evolve To, Could In Nanoseconds Make This Planet Earth "Appear" As If It Never Was.

And as well, the following:

Launch of secret US space ship masks even more secret launch of new weapon

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - ‎CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie.

`And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.`

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

Let all the World know that criminal america is the great fraud that will defraud and fool this world no longer. A longstanding example of america's fraud on the world is that america(ns) never set foot on the moon. The radiation alone (among other unanswered problems beyond the current state of america's "technology") precludes such a journey even with the so-called "technology" (who's impressed?) of today, much less that of then. Have you ever wondered why they haven't "been back"? You know that the militant, war mongering criminal americans would have had a military /missile base /installation there in a new york minute if they could. The video was good but not even great by that day's standards, errors and all. The same was a cold war bluff and fraud on this and all nations. america hasn't been to and never will get to the moon (nor mars); hence, containment for criminal america to this essentially dead solar system.
That is a universal good thing. More to come on these and related matters.

Neil Armstrong: Obama's New Space Plan 'Poorly Advised' The really scary thought about neil armstrong is that he may have really believed he was on the moon though it was just a set … I think he’s dumb, but not that dumb. Don’t forget, he’s totally invested in the moonwalk lie!

5-11-10

Now why is the down volume their only concern when the manipulated up volume is a primary source of the continuing fraud?

Note the following in 1999 as computerization began to pick up steam: RECENT GROWTH IN NASDAQ TRADING VOLUME AND ITS RELATION TO MARKET VOLATILITY.By Webb, Gwendolyn P. Publication: Journal of Financial Research Date: Wednesday, December 22 1999

Note the following volume increases even as the crash was looming:

NYSE Euronext Business Summary for November 2007

Busiest Month Ever for European Cash Markets: +68.3% year-on-year
Busiest November Ever for European Derivatives Markets: +38.1% year-on-year
NYSE Group Avg. Daily Volume Up 26.8% year-on-year and 15.9% year-to-date
NYSE Arca Options: New All-Time Records in Volume and Share of Trading

NYSE Euronext, with six cash equities and six derivatives exchanges, is the leading and most diversified global exchange group.

This is a global depression. This is a secular bear market in a global depression. This is a bull (s***) cycle in a secular bear market. This is a manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes.

Gold futures top $1233 an ounce on Globex TOKYO (MarketWatch) -- Gold futures topped $1233 an ounce in electronic trading Wednesday morning in Asia, extending the hefty gains seen in New York as European debt concerns continued to draw investors to the ... Gold vaults 2.5 pct to record on safe-haven play Reuters Gold Trades Near Record as European Debt Threatens Currencies BusinessWeek

UK Economy May Be Allowed To Crash And Burn Like US Banking Giant Leading financial analysts and economists have warned that Britain may crash and burn following the European bailout of Greece, comparing the situation to that of Lehman Brothers following the rescue of Bear Stearns in 2008. Germany, France May Hurt AAA Ratings in ‘Ponzi Game’ Germany and France are among top- rated euro-area states that may compromise their AAA grades by standing behind the debts of weaker members with their 750 billion-euro ($955 billion) stabilization fund. Gold Is On Fire, As Market Sneers At Euro Bailout Along with the overall market malaise, the other big warning sign right now is the gold surge. The metal is now nearly $1220/oz. As Stacy Herbert puts it: The gold vigilantes are in a shootout with the ECB and the Fed. European Banks Now Feverishly Betting Against Euro, As Bailout Fails, Gold Surges Thought experiment: You are the head FX trader at French megabank Croc Monsieur & Cie. (HFT: CMC) For the past 5 years, your bonus has been getting paid primarily in company stock.

The European Bailout: Not a Very Promising Start Many people have written insightful criticisms of the European bailout. For example, Tyler Durden, Joe Weisenthal and Gregory White point out that the French banks are the real winners of the bailout (but don’t forget JP Morgan). Lehman Brothers Linked to Drug Money Mario Ernesto Villanueva Madrid, former governor of the Mexican state that holds Cancun and dozens of other Caribbean beach resorts, has been extradited to New York on charges of accepting bribes from a violent drug cartel that smuggled hundreds of tons of cocaine into the U.S. and then laundering the bribe money through Lehman Brothers.

Senate Votes 96-0 For One Time Audit Of Federal Reserve The amended version of Audit the Fed passed the Senate 96 to 0 today. A version that was closer to the original — that is to say, it would’ve created a regular audit rather than a one-time audit — lost, 37 to 62. Kagan: ‘Disappear’ Free Speech If The Government Deems It Offensive President Obama’s Supreme Court nominee Elena Kagan is perfect in every way – perfect that is if you think the role of the highest judicial body in the United States is to ban free speech, indefinitely detain Americans without trial, resurrect command and control socialism, while urinating on everything the Constitution stands for. New UK Government To Be Infested With Bankers No matter which parties eventually form a coalition to govern in the UK following last week’s general election, one thing is for certain – the House of Commons will be infested with bankers. We Are Change Ireland Confronts “Scum” Rockefeller At Trilateral Meeting Trilateral Commission founder David Rockefeller gets a warm welcome to Ireland; the Irish show him what we think of him. More footage up soon, including our treasonous President meeting with these globalists. World Health Organization Moving Ahead on Billions in Internet and Other Taxes The World Health Organization is moving full speed ahead with a controversial plan to impose billions of dollars in global consumer taxes on such things as Internet activity and everyday financial transactions like paying bills online — while its spending soars and its own financial house is in disarray. Tea Party Clueless About U.S. Tax Dollars Funding Bailout Heist As CNBC hosts Joe Kerne and Rick Santelli pointed out yesterday, the Tea Party movement seems largely clueless about the fact that a huge chunk of the $1 trillion dollar bailout heist being pushed through to save the face of global economic governance is being funded with dollars looted from American taxpayers. Is The Greek Debt Crisis Being Purposely Hyped And Manipulated? The Economic Collapse | The truth is that you could remove Greece from the world economy tomorrow and most people would hardly notice. $1 Trillion Was Not Enough Kurt Nimmo | Expect the central banks and EU apparatchiks to call for even more money in the days ahead. Tea Party Clueless About U.S. Tax Dollars Funding Bailout Heist

20 Signs That The United States Is Rapidly Becoming A Totalitarian Big Brother Police State Once upon a time, the United States was a land of unparalleled freedom. The rest of the world envied the freedom that ordinary Americans had to think, say and do what they wanted. But all of that has changed.

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.” U.S. Special Forces Slaughter Family In Afghanistan, Attempt Cover-Up Political Theatrics | A family in Khataba, Afghanistan, held a party to celebrate the birth of a baby boy. Just hours after they went to sleep, U.S. Army Special Forces assaulted the house.

The Count: 4397 U.S. Military Deaths in Iraq; 965 in Afghanistan Pasadena Weekly | As of Day 3,125 of the war in Afghanistan and Day 2,579 of the war in Iraq, 965 American military service members have died in Afghanistan since 2001 and 4,397 have died in Iraq since that war began in 2003.

Israel can't conceal nukes now For decades, American leaderships have emulated the three wise monkeys whenever anyone has challenged them on the topic. When it comes to their Middle East ally Israel, they’ve chosen to see no evil, hear no evil and say no evil, even when such a stance has made them vulnerable to accusations of bias and cut the ground from under their WMD disarmament arguments vis-à-vis the rest of the planet.

5-10-10

Come on! If it wasn’t for the magnitude of the fraud, this would be a total joke! How desperate and pathetic they’ve become. Short-covering at best, and totally irrational at worst, take this opportunity to sell / take profits in this grossly over-valued market. And yes, the lemmings have leaped. Trillion-dollar euro rescue won't solve low growth or unsustainable debt burdens (AP) China analyst sees unfolding credit bust Don't Get Too Happy Over The Big Jump Steve Todd - There have been six previous times when the S&P futures have gapped up 4% or more at the opening. They are October 20, 1987; October 21, 1987; October 27, 1987; September 19, 2008; October 13, 2008 and October 28, 2008. In all cases, the gains did not last. Most disappeared right away, one took two months.

Eurozone Bailout Fund is a “Desperate Measure” Hans Redeker, global head of foreign exchange strategy at BNP Paribas, says the enormous bailout fund for Greece is a “very desperate measure”. He speaks with CNBC’s Anna Edwards and Chloe Cho about how politicians should be approaching the situation. Bank Funding Crunch Deepens as Swap Rates Soar: Credit Markets Europe’s government debt crisis is starting to infect the bank funding system, driving borrowing costs higher from Asia to the U.S. and threatening to slow the global economic recovery.

‘Printing’ a trillion in digital money they don’t really have plus printing more worthless paper money on top of many trillions of worthless mark to anything toxic assets / securities / paper still out there, they’re dreamin’ and schemin’ with new fraud. Goldman Traders Never Had a Down Day The computerized churn-and-earn fraud continues with larger bubble …Goldman Sachs just revealed in an SEC filing that its traders made money on every single trading day last quarter, a record for the firm. Net revenue for trading was $25 million or higher in all of the first quarter’s 63 trading days with 35 of those days bringing in more $100 million, according to the filing …

Lost in all of this is the fact that they really, truly don’t know what they’re doing, at best; and at worst, they are proceeding as in past frauds!

Euro Shock-And-Awe Will Create Huge Short Squeeze–Followed By Air Pocket And Market Collapse

Banksters Throw a Trillion Bucks Down a Black Hole Kurt Nimmo | The so-called “nuclear option” now underway will only prolong and ultimately intensify the global economic crash. The EU apparatchiks are in crisis mode. European Union boss Jose Manuel Barroso told us not to worry, though. They’re on it. Ron Paul: Euro Bailout Will Lead To Currency Collapse Congressman: Bernanke broke promise that U.S. taxpayer dollars would not be sent to European banks. As Europe is bailed out to the tune of nearly $1 trillion dollars, Congressman Ron Paul warns that the constant monetization of debt, allied with taxpayer-funded bailouts, will inevitably lead to runaway inflation and the collapse of paper currencies. Gerald Celente: 2010 Will be the Summer of Terror Infowars.com | Celente predicts a terror event and war as the economy collapses in the months ahead.

The latest Greek tragedy And Sovereign Defaults Pose A Great Threat Bob Chapman | Banking and Wall Street are running Washington in an ongoing criminal enterprise.

Euro Package Leaves Governments Out of Ammunition: Matthew Lynn BusinessWeek - Matthew Lynn May 11 (Bloomberg) -- Big problem, big number. The leaders of the euro-area countries have thrown 750 billion euros ($963 billion) at shoring up confidence in the single currency. Video: Europe unveils trillion-dollar crisis fund AFP Euro gains on rescue plan but doubts remain Reuters ECB May Kiss Credibility Goodbye: Daniel Gros and Thomas Mayer BusinessWeek The ECB's Dangerous Flirtation Wall Street Journal The “Real” Unemployment Rate Jumps To 17.1% `MOODY'S: U.S. Debt Shock May Hit As Soon As 2013 … [I’d say that’s very optimistic but does take into account ‘smoke and mirrors’] ...`

THE FORECASTS:
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 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.

Bankers, Economists: Mass Centralization At Heart Of Euro Bailout The unprecedented €750bn EU bailout represents part of an ongoing program of mass centralization of governance in Europe according to the world’s leading bankers and economists. [I would call that centralized failure].

Obama’s Supreme Pick Connected to Larry Summers, Goldman Sachs, Cass Sunstein In 2008, Kagan got money as an advisor to Goldman Sachs global investment house. Obama’s Supreme Pick Kagan Is A Bankster Operative Democrats are going gaa-gaa over Obama’s Supreme pick Elena Kagan. Is Kagan independent? Hardly. She is a bankster operative. Kagan sat on a Goldman Sachs advisory council between 2005 and 2008. It was her job to offer “analysis and advice to Goldman Sachs and its clients.”

Oil spill may endanger human health, officials, daaah, say

Incompetent, corrupt zionist lieberman, the ‘Zelig’ of american politics and decline, Looks to Strip the Citizenship of 1 Million Americans Without Charge or Trial Keith Farrell | The climate of fear, created out of the exaggerated Times Square incident last week, has allowed Joe Lieberman and fellow establishment lawmakers to introduce a bill that would drive the final nail into the coffin of the Bill of Rights. Greg Palast: “Remove the Bloodsuckers” The Excavator | IMF, WTO, goldman et als, and the World Bank: transnational economic parasites that bring entire nations to ruin. Stock Market Collapse: More Goldman Market Rigging Ellen Brown | When Goldman got dragged before Congress and the SEC in April, the Greek crisis arose as a “counterpoint,” diverting attention to that growing conflagration. Plunge in US equities remains a mystery Financial Times | The conventional wisdom held that an incorrectly typed sell order – one that confused “billions” for “millions”, for example – was the likely culprit. The Fed Is Only Authorized to Conduct MONETARY Policy, But It Has Also “Become the Single Largest FISCAL Actor in the U.S. Economy” The Fed has enormous discretion in its decisions. It is entirely appropriate to demand that they be carried out with greater transparency and be subject to greater oversight. Is Sovereign Debt Crisis Contained to Subprime? As Americans observe the chaos in Greece, most assume that the (here come the jokes) strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory at best and total jokes if not frauds at worst. `MOODY'S: U.S. Debt Shock May Hit As Soon As 2013...`

Obama Bemoans Alternative Media, Rise of Tea Party Kurt Nimmo | Only the government version of the truth meter is worthy of consideration, according to Obama and his speech writers. Is Gulf oil rig disaster far worse than we’re being told? Mike Adams | We may have just done to ourselves what a giant meteorite did to the dinosaurs. Look Out, Obama Seems to Be Planning for a Lot More War There’s more war in America’s future – a great deal more, judging by the Barack Obama administration’s reports, pronouncements and actions in recent months. US takes the war into Pakistan The approval given to the United States Central Intelligence Agency (CIA) by the administration of President Barack Obama to expand drone strikes in Pakistan’s tribal regions is on face value a declaration of war by the US inside Pakistan. Petraeus: Times Square bomber likely acted alone

EU Prepares Euro Fund to Fight ‘Wolfpack,’ Halt Debt Crisis European Union finance ministers pledged to stop a sovereign debt crisis from shattering confidence in the euro as they held an emergency summit to hammer out a lending mechanism for deficit-stricken nations. British taxpayers ordered to bail out euro All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system. Greek Debt Woes Ripple Outward, From Asia to U.S. The fear that began in Athens, raced through Europe and finally shook the stock market in the United States is now affecting the broader global economy, from the ability of Asian corporations to raise money to the outlook for money-market funds where American savers park their cash. The Greek spirit of resistance turns its guns on the IMF Deep inside the august halls of Athens University, the renowned political commentator Paschos Mandravelis will deliver a message this week that until very recently was lost on most Greeks.

The Count: 4397 U.S. Military Deaths in Iraq; 965 in Afghanistan Pasadena Weekly | As of Day 3,125 of the war in Afghanistan and Day 2,579 of the war in Iraq, 965 American military service members have died in Afghanistan since 2001 and 4,397 have died in Iraq since that war began in 2003.

Israel can't conceal nukes now For decades, American leaderships have emulated the three wise monkeys whenever anyone has challenged them on the topic. When it comes to their Middle East ally Israel, they’ve chosen to see no evil, hear no evil and say no evil, even when such a stance has made them vulnerable to accusations of bias and cut the ground from under their WMD disarmament arguments vis-à-vis the rest of the planet.

"What this means is that Neanderthals are not totally extinct. In some of us, they live on," Paabo … With regard to that extinction thing, I’d say they’re still working on it (ultimately, decades, extinction, the distinction, without a difference). Actually, prior to studying the compelling subject of Biological Anthropology (Michael Park text), I too had some misconceptions about the group known as Neandertals (recent spelling drops the ‘h’) and actually mis-referenced same by the stereotypical image of members of said clade even as the debate continues as to whether they are within the species homo sapiens or a separate species. I believe these to be distinctions without important differences, so humble the origins and evolution of man truly are. Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks on the subject.

Neanderthals, Humans Interbred, DNA Proves

Signs of Neanderthals Mating With Humans - ‎Neanderthals mated with some modern humans after all and left their imprint in the human genome. Genome hints humans, Neanderthals rolled in prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil analysis finds For more info on man’s humble beginnings, see here http://www.albertpeia.com/anthroindex1.htm

`Previously I wrote:`

`FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and the many like it, is old news and I subscribe to the more studied view that there is no “missing link” per se and in my view are distinctions without significant differences. I previously wrote:`

To Learn More About From Whence Man Came, This Link's For You

[To the Professor at the beginning of the course]

[Interestingly, my intuitive (but unstudied) thoughts prior to closer examination of the compelling subject of Biological Anthropology remain what I believe to be the correct scenario. Specifically, very simply stated, for the most part, the more “enlightened” (but not by much; by mutation, accident, luck, intervention, etc.) left the unvarying confines of their Sub-Saharan origins, experienced diverse new environs, challenges, etc., experienced what has been described (by neuroscientists, psychologists, etc.) as neurogenesis in varying degrees and forms thereby over time, which trait was selected for and is consistent with the purported multi-regional evolutionary model which does not overtly contradict ultimately, initial African origins. Races, sub-species, missing links, etc., are subsumed in this very humbling and sorrowful tale of the “dawn of man”.]

[Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

Don’t Tread On Me: A Refresher Course on the Constitution

`BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... ABOLISH THE CORRUPT, ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND EXPERIENCE . (PREVIOUSLY ARCHIVED)`HOWEVER, THIS LATEST "CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:

· Response to App. Div. OSC

· STATE OF CALIFORNIA ethics complaint

· Response to Sup.Ct. OSC

· designation of record on appeal

· The so-called "order" appealed from.
How embarrassing for the superior court of the state of california!

· Typical corrupt banana republic america/california court

Dirty money digitally laundered … a wall street, atlantic city, and american story … a very bad one and [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Fraud: It’s Much Bigger Than Goldman Sachs Regulatory reform debate obscures key fact: Everybody’s getting money bribes from Wall Street

Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare moment for one to say that a sleazy hypocrite like blago, who is on corrupt federale-connected mobster trump’s celebrity apprentice, happens to be correct based upon facts / reality and my own direct observation and experience and the law – Don’t forget to include corrupt federal judges as maryanne trump barry, sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-called system is pervasively corrupt and broken] (AP) [Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

Newly Released Court Transcripts Prove Judge Misconduct In Robert Wanek Case

Drudgereport: UNEMPLOYMENT UP TO 9.9%...
Broader Rate Increases to 17.1%...PLUNGE REMAINS MYSTERY; $1 TRILLION BRIEFLY WIPED OFF SHARES
Payrolls Rise 290,000 in April...MOODY'S: U.S. Debt Shock May Hit As Soon As 2013...
RNC: OBAMA'S 'NEW NORMAL' IS UNACCEPTABLE... Poll: 39% Would Pick Obama Again...OBAMA PENTAGON GIVES $500M 'NO BID' CONTRACT TO HALLIBURTON...PRESIDENT LASHES OUT AT MEDIA WORLD; IPADS, XBOXES, RUMORSFed chief tells graduates: Don't worry, be happy...
DOWNER: First lady's message: Brace for hardship...
Stocks Dive Worldwide on European Debt Concern...MARKET VIOLENCE: FEAR, EURO WEAKENS, GREEK RIOTS CONTINUE, RETAIL DISAPPOINTSDOW SWINGS 1010 POINTS, 2ND LARGEST IN HISTORY...
'MANIPULATION'
VIDEO OF DRAMA...
CNBC: FAT FINGER, HUMAN ERROR IN TRADE CAUSED PLUNGE... PUSHED 'B' INSTEAD OF 'M'?
REPORT: BAD TRADE TRACED TO CITI...
'No Evidence that CITI was Involved in Any Erroneous Transactions'... UPDATE: Oil Starts To Wash Ashore Off Louisiana...GREECE PARALYZED BY VIOLENCE
DEBT CRISISStocks Slide Worldwide, Erasing 2010 Gain... UK budget deficit 'to surpass Greece's as worst in EU'... FREDDIE MAC seeks $11 billion dollars from feds to cover losses...
Many possible triggers for wider euro debt crisis...
Plunge raises reserve status fears... Faber: China 'Crash' Coming ...Oil from Gulf spill may even 'reach Miami'...
Gulf Coast watches, waits for path...
Leak could hit 40K barrels a day...
Cleanup chemicals worry environment watchdogs...
Oil will persist in sensitive habitat 'FOR YEARS'...
BP Chief: We'll get loads of illegitimate claims - this is America... Psychiatrists: Global warming fears seen in 28% of obsessive compulsive disorder patients...
Dems expolit oil rig explosion that killed 11 Americans to raise $$$...AHMADINEJAD: USA SHOULD BE PUNISHED FOR NUCLEAR 'THREATS'
Federal Government Outpaces Private Sector in Job Creation...
Inflation up 2% in March...
LIST: 20 most stressed, least stressed counties in USA...TALIBAN LEADER 'KILLED BY CIA DRONE' SURFACES ON INTERNET
Videos appear to show Pakistan Taliban chief alive...
Washington claimed killed…among others, for the umpteenth time…helps sell war budgets...
MELTDOWN: Greece Gets $146 Billion Bailout...
Largest ever assembled for a country...
'Collapse or salvation'...
Junk Bond Sales Set Record...SPILL SPREADS
OUT OF CONTROLEuropean Central Bank President: Global Governance 'extremely necessary'…Riiiiight! … Sounds like a plan … and who to govern? The same incompetent vegetables who’ve created the problems in the first place? Oooooh … Brilliant! ... Greece, the so-called cradle of western democracy, erupts as IMF prepares to wield axe...AZ deputy shot in stomach by suspected illegal...
UPDATE: Immigrants plan Saturday marches...
596 convicted of crimes nabbed in South...OIL SLICK NOW
THREATENS GULF COAST
BLAME GAME
Slick Ashore Tonight Worse Than Exxon Valdez … How Did This Happen ?
Roubini Says Greece 'Tip of Iceberg' as Sovereign Debt Threatens Recovery...
Geithner: 'I Never Had A Real Job'… sounds like a plan!... Tent City In New York Set Up In Hopes For Elevator Job... camped out for 3 days for chance at getting an application NATIONAL ENQUIRER CLAIMS OBAMA CHEATING SCANDAL... 'Hotel security video could topple Obama's presidency'... GOLDMAN BOSS VISITED WHITE HOUSE AT LEAST 4 TIMES... GOLDMAN SACHS CEO endorses Dem Banking Bill: 'Wall Street will benefit'...
GREECE CUT TO JUNK... Doubts intensify... Spreads to Portugal...
Stephen Hawking: Aliens exist but don't talk to them -- it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s inhumanity to man? … Such humble beginnings and evolutionary history … What’s not to like? … Besides, not to worry. With their advanced technologies that defy human understanding, the aliens already know you’re here … to stay. So, not to worry. After all, as we know from that documentary of that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on earth in a very big way also going for it! ...

Seeing Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best, decades.

5-7-10

Video: Government Jobs and Census Jobs Particularly Grow by Most in 4 Years but Jobless Rate Up The Associated Press A tale of 2 employment surveys, at a glance The Associated Press Yahoo: The stock market’s gyrations over the past few days look a lot like the turmoil seen in 2008 and early... Dow Dive Shocks Investors: Dave's Daily There's no two ways about it -- investors feel blindsided. But they shouldn't since the news taking the averages down have been building for some time. Stocks rode higher on a sea of Fed liquidity, bailouts, transfer payments and ultra-low interest rates …

Next Up in the Spotlight: Italy, Again Middleton/Seeking Alpha: ‘As Greece, and Portugal, and recently even Spain, bask in the spotlight of the bond vigilantes, I want to remind my subscribers to be prepared for Italy’s turn to dance. In Smoking Swap Guns Are Beginning to Litter EuroLand, Sovereign Debt Buyer Beware! we scanned anecdotal evidence of Italy hiding the Italian sausage. As discussed in a recent ZeroHedge article, a 1996 Italian currency swap, arranged by J.P. Morgan (JPM), allowed Italy to receive large payments upfront that helped keep its deficit in line, with the downside of greater payments later. In addition, to curbing their current deficits, countries are now using these swap agreements to push off their loan liabilities (related to swap agreements) to a later date through securitization, and Greece is one such example. Under the 2001 deal brokered by Goldman (GS), Greece swapped dollar- and yen-denominated debt for euros at below-market exchange rates. The result was that the country got paid €1 billion ($1.35 billion) upfront on the swap in exchange for an obligation to buy the swaps back later. In 2005, this obligation was in turn securitized as part of a 20-year debt issue, further pushing off the day of reckoning. Moreover, one of the key reasons why such manipulations continued is the apparent ignorance of the EU’s Eurostat, which knew enough about these deals to tighten the rules governing their accounting-albeit only after they had served their purpose – the Ponzi … Still, to date too little is known about countries’ continued exposure to the deals that are already out there … The questions is, will they be discovered before or after the respective sovereign issues record debt to the suckers sovereign fixed income investors? … If their overstatement of the ability to pull out of this falls flat (which it most likely will) then you will see a spike in devt service and interest, of course accompanied with the tried and true “nobody could have seen this coming” statement from the BIS. No, not the Bank for International Settlements, but the Bureau of Internal BS (excuse my Italian). And in Lies, Damn Lies, and Sovereign Truths: Why the Euro is Destined to Collapse! I show how even though Italy’s projections make the EU and IMF numbers look overtly conservative, the reality of the situation is that even those numbers are, and have been for years, pie in the sky …’

HEADINGS FOR SOME MELTDOWN-RELATED RECENT POSTS: Lobbyists fret … So what! Who cares! Who should care? What is it that they do? As that song goes. ‘ABSOLUTELY NOTHING’! And worse, everybody knows this. Yet, the stranger reality not discussed is the fact of defacto bribes in terms of contributions given or withheld, extortion in a very real sense of the word, and even blackmail [yes, there’s plenty of dirt among america’s criminal so-called ruling class and that’s the way they like it for the sake of pliability if nothing else. Have you ever wondered why those ‘whitehouse closedoor meetings’ are invariably successful?]

Some lawmakers also shorted stocks - Self-serving, opportunistic, even criminal behavior on the hill? Tell us something we don’t know.

Lost in all of this is attribution to the facilitators and, but of course, the fraud factor (that clichéd 800 pound gorilla). Don’t forget, the legislated change of FASB accounting rule(s) to feel good mark to anything valuation, along with the multi-trillions of worthless toxic ‘assets’ / securities / paper still out there, is a recipe for failure by any standard, rhetoric aside.

If only it were just Greece. Of course, it’s much, much more and at some point the markets must acknowledge this reality for which there is no easy economic fix.

Supporting the american plan of perpetual war and spending money you don’t have and like lemmings propelled to the precipice, and following america into oblivion. The contagion is real, so-called recovery is not, and america’s at the core and is prominent on the list of no longer too big to fail. Roubini Says Greece 'Tip of Iceberg' as Sovereign Debt Threatens Recovery... / Greek financial crisis now considered contagion 'like ebola'

What lesson?(‘Speed kills’) Speed … that manipulated this fraudulent bubble to new heights and enhanced volume and commissions through computerized high-frequency trade programs? I’d be more inclined to go with less thrilling word picture adages as,’ what goes up, must come down’, ‘live by the sword, die by the sword’, ‘fraud kills’.

Why? Panicked? Is that what happened? That wise old sage, the mother of Rosanne Rosanna Danna of SNL fame, once said, ‘It’s always something’. Yes it is; but, not the something they want you to think.

`Wild? It is quite possible that if alive this day, Lewis Carroll would choose for Alice a stroll down wall street rather than the rabbit hole, so surreal the fraudulent scenario has become. Both sinkholes, never-the-less, so it is not a leap of imagination to envision such similarity. Europe? How ‘bout european / american. Cracks? How ’bout chasms wider than the San Andreas Fault! Hey, but what da heck, dos defacto bankrupt europeans / americans know how to throw a ‘good war’.`Debt crisis could spread across Europe - `Could? Is that some kind of rhetorical joke?`

WHY IS THIS AN ALLEGED SURPRISE (SEE FORECASTS INFRA)? If it were only european debt worries! The fact is this is a global depression, exacerbated by lap dog european defacto bankrupt american perpetual war and spending more than you have, exacerbated by a huge extent (many trillions of worthless paper still out there and marked to anything ala americano) fraud emanating from america. The orwellian europeans / americans have become the destructive worldwide jokes that keep on giving with america’s unsustainably insurmountable debt load / service.

The “Real” Unemployment Rate Jumps To 17.1% The BLS’s U-6 number, which is sometimes called the “real” unemployment rate, because it takes into discouraged workers who aren’t looking for work ticked up in April from 16.9% to 17.1%. Now Here’s One Big Crash That CAN’T Be Blamed On A Glitch Well now look. Oil has quickly gone from $90 to $75, a decline of over 16%. That’s not due to a glitch or some concern about the integrity of electronic markets. That’s economic fear. Audit the Fed Amendment Modified – Allows Fed To Keep Secrets Ron Paul: “Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate.” Bankers Laughing All the Way to the Bank Cassandra Anderson | The “Audit the Fed” bill has been watered down by Senator Bernard Sanders right at the last minute. Should a Stock Market Decline Stop Us From Breaking Up the Giant Banks or Fully Auditing the Federal Reserve? As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.

Militarized SWAT Drug Raids on the Rise Kurt Nimmo |Militarized cops will be soon be used on the American people as they turn out in the streets in response to the Greatest Depression now unfolding. Government Admits They Deal Heroin (and Cocaine, etc.) Yet Terrorize Families for Pot Infowars puts into perspective the radical behavior of SWAT teams and other government enforcement agencies– who recently raided and terrorized a family and killed two dogs in order to bust a man for one gram of marijuana. Keeping America Safe: SWAT Team Storms Family Home, Shoots Pet Dogs, Over Small Bag Of Marijuana Infowars.com explains how the incident provides a compelling example of the government’s phony war on drugs in operation. Brian Williams Blames Shock Stock Plunge On Greece Chaos NBC television anchor and managing editor Brian Williams was more candid than ever before during an appearance on The David Letterman Show last night, warning that the implications of yesterday’s shock stock market collapse make him hesitate leaving the house. SEC Probes Whether Shock Stock Plunge Exploited Illegally U.S. regulators plan to examine whether securities professionals triggered yesterday’s stock- market plunge or exploited the turmoil to profit illegally, two people with direct knowledge of the matter said. EU Is Collapsing Like Tower Of Babel Monument Securities Chief Economist Stephen Lewis says the chaos in Greece could lead to collapse of the European Union, bringing down with it the dangerous assumption that structures of global governance provide stability in times of financial peril, but the World Bank and IMF vultures will be waiting as ever to feed on the remains of a dying country.

5-6-10

Flash Crash: Biggest. Intraday. Dow. Point. Drop. Ever. Blood in the Streets on Drudge

Drudgereport: MARKET VIOLENCE: FEAR, EURO WEAKENS, GREEK RIOTS CONTINUE, RETAIL DISAPPOINTSDOW SWINGS 1010 POINTS, 2ND LARGEST IN HISTORY...
'MANIPULATION'
VIDEO OF DRAMA...
CNBC: FAT FINGER, HUMAN ERROR IN TRADE CAUSED PLUNGE... PUSHED 'B' INSTEAD OF 'M'?
REPORT: BAD TRADE TRACED TO CITI...
'No Evidence that CITI was Involved in Any Erroneous Transactions'...

Wall St. rollercoaster: Stocks fall nearly 10 pct (AP)

Stocks Fall Sharply; Dow's Biggest Drop In Over A Year Wall Street Journal - Steven Russolillo - ‎NEW YORK (Dow Jones)--US stocks plunged Thursday, falling for a third straight session, as jittery investors grew even more restless over southern Europe's festering sovereign-debt woes. Unexpected Drop Prompts P&G To Probe Trades wall street journal Citigroup probing rumor of erroneous trade Reuters Nasdaq Says Investigating Erroneous Trades After Market Plunge BusinessWeek - Michael Tsang, Elizabeth Stanton - ‎May 6 (Bloomberg) -- Nasdaq OMX Group Inc. said it's investigating potentially erroneous trades involving multiple securities between 2:40 pm and 3 pm New York time, when the US stock market tumbled. Stocks Fall Sharply; Dow's Biggest Drop In Over A Year Wall Street Journal US STOCKS-Wall St plunges as trading glitch suspected Reuters

AP BUSINESS HIGHLIGHTS NEW YORK (AP) -- The stock market had one of its most turbulent days in history as the Dow Jones industrials fell to a loss of almost 1,000 points in less than half an hour on fears that Greece's debt problems could halt the global economic recovery. The market's plunge came less than 90 minutes before the end of trading. The Dow's drop was its largest loss ever during the course of a trading day, but it recovered to a loss of 347 at the close. All the major indexes lost more than 3 percent …

RIIIIIGHT! BLAME IT ON A TRADING ERROR … HOW ‘BOUT REALITY!
Trading Error at Major Firm Blamed For Selloff CNBC - A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in US stocks, sources told CNBC. Dow Drops Nearly 1000 Before Rebound; Possible Bad Trades Probed Wall Street Journal Did Trading Error Worsen Market Plunge? TheStreet.com

YAHOO [BRIEFING.COM]: Another broad-based wave of high-volume selling sent stocks to their worst percentage loss in more than one year, but things could have been far worse since the Dow was actually down nearly 1,000 points in its worst intraday drop on record. Weakness was widespread for the entire session as participants showed an aversion to risk. That theme caused sovereign debt credit spreads to widen and many of the global indices to drop so much that the Dow Jones World Index fell 2.7% in its worst single-session percentage slide since February. U.S. equities found little support as the Dow, Nasdaq, and S&P 500 spent the first part of the session with broad-based losses. Follow through selling caused a breakdown in technical support, including a violation of the 200-day moving average. Selling soon went from frantic to panic as the Dow dropped nearly 500 points in five minutes. That gap down put the Dow nearly 1,000 points into the red. Though there was talk that a program or system error led to the cascade of selling, media reports indicated that the major exchanges said there was no error on their part. While stocks had looked to be headed for something awful, computer programmed trades quickly clicked to buy and drove the Dow back up several hundred points in a matter of minutes. The Dow closed almost 650 points above its session low, but it still lost nearly 350 points on the session…

UPDATE - US options risk gauge closes at one-year high
* VIX ends at one-year highs, up 48.8 pct so far this week
* VIX logs largest daily percentage gain since Sept 2008
* Second day of heavy option trade in ETFs
* Option traders favor SPY May put options
(Recasts; adds VIX close, trading in all U.S. options, ETFs, analyst comments) By Doris Frankel CHICAGO, May 6 (Reuters) - Option investors went on the defensive on Thursday, seeking to protect their portfolios against further declines in U.S. stocks amid concerns that Europe's debt crinewssis could escalate. A rapid stock market selloff spurred a rush for options to mitigate stock market risk. That sent the Chicago Board Options Exchange Volatility Index, or VIX .VIX, Wall Street's favorite barometer of investor anxiety, to a one-year high at 32.80. The VIX soared 31.7 percent and has risen 48.8 percent since Friday. It notched a new intraday high of 40.71, which on an intraday basis, was a gain of 63.4 percent from Wednesday's close at 24.91. The VIX has now more than doubled from recent intraday lows near the mid-15 level last month. "This indicates that the fears on the European debt crisis continue to grip the markets and may spread even further," said Joe Kinahan, chief derivatives strategist at TD Ameritrade. "Due to this fear, investors are willing to pay increased option premiums to insure their portfolios," he said. The sharp rise in the VIX indicates more market turmoil in the weeks ahead as the underlying Standard & Poor's 500 index .SPX suffered a 3.24 percent loss to close at 1,128.15 …

Russia says Iran attack ‘disastrous’ In a meeting with ambassadors from Arab states, Lavrov reaffirmed Moscow’s support for diplomatically engaging Tehran and warned against the “disastrous” consequences of taking military action. Your Guide To All The Countries That Are One Riot Away From Becoming Greece Investors have begun to question the financial strength of other European nations, even those outside of the infamous PIGS group (Portugal, Italy, Greece, Spain). Top Recipient of Political Cash from BP, Goldman Sachs, Defense Contractors AND Healthcare Giants: Barack Obama The story that Obama was the top recipient of political contributions from BP is going viral today. I thought I’d put the story in a little context. Behind The Scenes, European Banks Freak Out About Lending To Each Other Behind the scenes, banks are starting to question each other on their exposures to Greek sovereign debt. Its why BNP Paribas and Societe Generale mentioned it in their recent earnings calls. Gold Is A Good Bet When Sovereign Nations Are Imploding Instead of rejoicing at the meteoric rise of gold and silver, we believe that those in the hard money community who do not forthwith leave the Illuminist casinos of Sodom and Gomorrah will shed enough tears to create a second Niagara Falls. Hugh Hendry: The Greek “Bailout” Is Really A Bailout Of French Banks Yesterday we pointed out that France was a global top three derisker in sovereign CDS as traders have shifted their worries from the periphery to the core. We have long discussed that the reason for this is that France, not Germany, has the greatest exposure to Greece and the PIIGS. Euro plunge raises reserve status fears The euro fell to a 14-month low on the dollar and one-year low on the yen, raising concerns over the currency’s reserve status. Gerald Celente on Greece: People will rise against bank bailouts globally After a day of unrest which saw three people killed, Greece’s parliament is preparing to vote on the controversial austerity package.

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 Collapse Leading to End of U.S. Dollar as Reserve Currency

Don’t Tread On Me: A Refresher Course on the Constitution Infowars.com | America is in the midst of a political revolution of the sort the country has not experienced since 1776. Stock Market Falls Nearly 1000 Points CNBC Audit The Fed Push Strengthened By Second Front In Senate Steve Watson Infowars: Greek Crisis Will Come to America Russia Today China crash ahead. Senate OKs measures to end ‘too big to fail’ bailouts Crisis Deepens; Chaos Grips Greece U.S. Food Prices ‘Spiraling Out of Control’ The National Inflation Association says there is reason for grave concern. Many possible triggers for wider euro debt crisis Reuters | Portugal, Ireland and Spain, Italy, UK are widely seen as the next possible “dominos” after Greece. UK budget deficit ‘to surpass Greece’s as worst in EU’ The Guardian | European commission’s spring forecasts put UK budget deficit this year at 12% of GDP – the highest in the European Union and worse than Treasury estimates.

New U.S. Push to Regulate Internet Access as Internet Remains the Only Way to Access Unfettered / Uncensored Truths In a move that will stoke a battle over the future of the Internet, the federal government plans to propose regulating broadband lines under decades-old rules designed for traditional phone networks. Times Square Bomber Linked With CIA-Controlled Terror Group A man arrested in Pakistan in connection with the Times Square car bombing attempt who had traveled with accused bomber Faisal Shahzad is a member of a terrorist organization that is controlled by British MI6 and the CIA.

(Reuters) - Americans are being "bombarded" with cancer-causing chemicals and radiation and the federal government must do far more to protect them, presidential cancer advisers said on Thursday … http://www.reuters.com/article/idUSTRE6450LN20100506

5-5-10

WEEKLY DEMARK 9S TOLD THE STORY: DAVE'S DAILY We did get a bounce but conditions still don't seem quite right. There was the obligatory opening gap lower followed by a rally as the algos, and no doubt a few money managers, reached up to reclaim the 50-day moving average on various indices. Success was found on many (DIA, QQQQ, IWM and MDY) but not other notables (SPY, XLB, XLV, XLE and so forth). So I guess you could say it was a victory of sorts. So what's with these 9s? See charts below. Today, I'm not posting my usual several dozen charts focusing instead on a few. Economic data released today wasn't inspiring for bulls. ADP Data showed a modest amount of jobs added (mostly government jobs no doubt) while ISM Services data was a little below consensus. Volume continues to run heavy as distribution dominates. Breadth was decidedly negative.

Euro near 1-year lows as debt woes mount Reuters - Anirban Nag, Wayne Cole A share trader is pictured behind a mock one dollar bill and a mock 500 Euro note symbolizing a consumer credit note, at the German stock exchange in Frankfurt, December 18, 2008. Video: EU's top economic official: financial markets 'overshooting' on GreeceEUX.TV Flooding hits Tennessee, nearby US states

SEC Didn't Act After Spotting Wall Street Risks, Documents Show Bloomberg - Jesse Westbrook May 6 (Bloomberg) -- The US Securities and Exchange Commission, criticized by lawmakers for failing to stop practices that fueled the financial crisis, raised concerns as early as 2006 about the risks of Wall Street's appetite for ... Video: Bear Stearns Execs Challenged on FailureThe Associated Press The Senate and Goldman Sachs Why a Criminal Case Against Goldman Sachs Matters and Why Charges Could Stick Goldman Sachs used to be the firm that pursued top government posts; now government is in hot pursuit of it, and not in a good way. The SEC has charged the firm and an employee, Fabrice Tourre, with securities fraud and the Justice Department has commenced a criminal investigation, according to news reports. Max Keiser On Goldman Sachs And Bill Clinton’s Hypocrisy; Peter Schiff Interview Max Keiser is in his prime discussing Goldman and Bill Clinton’s hypocrisy in defending Goldman. Which is not all that surprising considering Clinton’s son-in-law Marc Mezvinsky is a Goldman Investment banker.

Effort to expand audits of Fed picks up steam in Senate Washington Post | Efforts to audit the Federal Reserve that sailed through the House despite criticism appears to be picking up steam as the Senate considers broad new financial regulations. The Fed must be audited due to repeated use of unauthorized powers Washington’s Blog | In March 2004, when Alan Greenspan was Fed chairman, he suppressed the opinions of those Fed officials who knew that there was a housing bubble. Tiny Tim geithner Makes the Case for a Bank Tax New York Times | The tax is not part of the overhaul of financial regulations being debated by the Senate. Americans Are Ratting Out Their Neighbors to the IRS at a Record Pace to Reap Cash Whistleblower Rewards Bloomberg | Americans seeking reward money are turning in neighbors, clients and employers they suspect of cheating on taxes to the IRS at a rate of nearly eight per day.

Times Square Bomb Suspect Was Upset Over Drone Attacks, Source Says FOXNews - Catherine Herridge, Mike Levine A man who was identified by neighbors in Connecticut as Faisal Shahzad, is shown. (AP/Orkut.com) The Pakistani-American man suspected in Saturday's attempted car bombing in New York's Times Square has told authorities he was upset over US drone attacks ... Video: Tracking Terror: Timeline of Shazhad's ArrestThe Associated Press

Deadly Greek Bank Fire Blamed on Opposition to IMF Austerity Kurt Nimmo | Cui bono, who benefits from this terrorist act? Certainly not the people of Greece. Internet Police: London Signs Warn Against Accessing “Extremist” Material Steve Watson | Threat of criminal charges for viewing “inappropriate” material. Police signs have begun springing up in internet cafes in London warning users that they could be reported to the police and face criminal charges if they access “extremist”, “offensive” or “inappropriate” material. [Orwellian england has fallen so far, so fast on the lap of defacto bankrupt america]. UK budget deficit ‘to surpass Greece’s as worst in EU’ The UK budget deficit will swell this year to overtake Greece, becoming the worst in the European Union, the European commission said today in a stark warning on the eve of the election. Bloomberg: Deny Second Amendment to People on Terror Watch List Kurt Nimmo | Notorious gun-grabber Mayor Bloomberg has exploited the non-bombing in New York to call for denying the Second Amendment to over a million Americans. Kent State Killings Triggered by FBI Agent Provocateur Lew Rockwell | Those killings, 40 years ago, and the killing of 57,000 US soldiers and at least three million Cambodians, Laotions, and Vietnamese were the fruit of a monstrous war of aggression. Obama’s drone strike joke shows the reality of political leadership in the American Empire Andrew Steele | Obama’s poorly conceived and poorly delivered joke will disappear, or there will be a minor outcry and he’ll be forced to issue a quick apology before the american public moves back into its blissful stupor.

War in Afghanistan Not Justified by 9/11 David Ray Griffin | Most Americans have believed that the Afghanistan war was morally justified as a response to the 9/11 attacks; my lecture will present evidence showing that this is untrue.

At least 3 killed as protestors storm parliament in Greece At least three people have been killed in Greece as protestors stormed parliament buildings in Athens amid the country’s debt crisis. North Korea masses 50,000 troops on border North Korea has completed deployment of about 50,000 special forces along the border with South Korea, amid high tensions over the sinking of a Seoul warship.

CIA Officer Explains New World Order’s Demise Infowars.com | It costs $1.2 billion a week to produce Obama’s intelligence briefing. Do you feel any safer? [This is quite shocking! What a waste of money!]

Illegal Immigrants cost feds more than $10 billion a year Washington Post | Households headed by illegal aliens imposed more than $26.3 billion in costs on the federal government in 2002 and paid only $16 billion in taxes. Mexico’s illegals laws tougher than Arizona’s Washington Times | “Why would Mr. Calderon have any objections to an Arizona law that is less draconian than his own, one he has pledged to enforce?” Mr. King said. Michelle Obama: Barack Obama Is “Kenyan” Last month, so-called “birthers” got very excited over a clip in which Michelle Obama called Kenya President Obama’s “home country,” but a newly uncovered video is likely to stoke even more controversy, because in it the First Lady clearly states that Obama is “Kenyan”.

The price of courage In his report on Gaza issued late last year, prominent South African jurist Richard Goldstone accused Israel and Hamas of committing war crimes. His language also showed awareness of the fact that the former is an occupying power with most sophisticated weapon arsenal (as reflecting in the number of Palestinian victims), and the latter is a besieged, occupied faction in a state of self-defense.

UN has no evidence of Hezbollah Scud smuggling as alledged by israel but has loads of evidence of illegal israel nukes and war crimes (AFP)

5-4-10

This following reality is really quite shocking but along lines of which are all but expected in pervasively and fatally corrupt america:

TOO BIG TO JAIL? EXECUTIVES UNSCATHED AS REGULATORS LET BANKS REPORT CRIMINAL FRAUD ... David Heath Republished from the Huffington Post Investigative Fund. The financial crisis has spawned hundreds of criminal prosecutions for alleged fraud. Yet so far, defendants have been mostly minor players such as real-estate agents, mortgage brokers, borrowers and a few low-level bank employees. No senior executives at large financial institutions face criminal charges. That's in stark contrast to prosecutions during the savings and loan scandal two decades ago, when the government's strategy targeted and snagged some of banking's most powerful players. The approach back then succeeded in sending scores of S&L executives to prison, as well as junk-bond king Michael Milken and business tycoon Charles Keating Jr. One explanation for the difference may be that key bank regulators -- who did the detective work during the S&L crisis and sent more than 1,000 criminal referrals to prosecutors -- have this time left reporting fraud up to the banks themselves. Spokesmen for two chief regulators, the Comptroller of the Currency and the Office of Thrift Supervision, say that they have not sent prosecutors a single case for criminal prosecution ...

Guess Who’s Paying For The Greece Bailout? That’s Right — YOU The bailout outrages never stop. Henry Blodget Business Insider May 4, 2010 The bailout outrages never stop. Of the 110-billion Euro Greece bailout, 30-billion (approx $40 billion) will be paid for by the IMF. The US supplies almost 20% of the IMF’s funding (per quotas). So that means US taxpayers are providing ~$8 billion of the $145 billion going to kick the Greek can down the road. That’s the first outrage. (Why is this our problem?) The second outrage is that, as in some of the US bailouts, our bailout money is JUNIOR to Greece’s existing debt. That means that, over the next couple of years, the idiot banks that loaned bankrupt Greece money will get their money back. And then, when Greece runs out of cash again, we’ll be left holding the bag (along with Germany and the rest of the folks who bailed Greece out)…

Greek strikers challenge bailout-for-austerity deal Striking public workers challenged the Greek government’s bailout-for-austerity deal with the EU and IMF on Tuesday as investors fretted about Athens’ ability to push through ambitious budget cuts.

Created Out Of Thin Air – That Is Where The Federal Reserve Got The 1.3 Trillion Dollars That It Bought All Of Those Mortgage Backed Securities With When the mainstream media told the American people that the Federal Reserve was going to “help” the housing industry by buying up hundreds of billions of dollars worth of toxic mortgage backed securities, very few people probably even stopped to wonder where all of that money was going to come from.

Congressional Hypocrites Were Betting Against Stocks As Country Collapsed Remember all that scorn in Congress about evil shortsellers betting against America and bringing the country down?

Fed Documents Reveal Secret Lobbying Effort Against Audit Provisions Steve Watson | White House, Big Banks and Fed are desperately trying to kill off moves for transparency.

Why a Criminal Case Against Goldman Sachs Matters and Why Charges Could Stick Pam Martens | Goldman’s defense is being structured around the idea that anything goes if you call yourself a market maker.

The Rich Continue To Use Government To Cut Out Their Competition LewRockwell.com | Bankster puppet Sen. Chris Dodd has inserted into the upcoming financial “reform” bill a clause that would more than double the required net worth of venture capital investors to $2.5 million.

Agenda 21 Alert: Global Warming Freeze? As the federal “Cap and Trade’ bill falters in Congress, and resistance to the EPA’s 18,000 page new regulation document grows, globalists are trying to bring about expanded control, using the discredited excuse of man made global warming, on a State and local level.

Surprise! The frauds on wall street and their minions favor their lucrative, fraud prone derivatives profit-centers to continue. The rationale, much like most crime, if they don’t do it, someone else will. Well, not if such as are fraudulent rewards come with the assurance of swift, sure prosecution, disgorgement, and incarceration, which as of now is sorely lacking; the risks are currently worth the far greater rewards. Forget not that these criminally insane denizens of wall street who have been likened to life-blood sucking vampires, squid, etc., [I myself prefer sloth as the appropriate moniker lazy incompetent fraudulent vegetables that they are http://www.albertpeia.com/dayinthelifeofawallstreetsloth5.htm ]. Then there’s that senile earthy bumpkin promoting such with his homespun way of looking at things. I absolutely insist that someone check what I suspect was bluster for media attention; that he was giving his entire fortune to charity. you guessed it. buffett!

Lobbyists fret … So what! Who cares! Who should care? What is it that they do? As that song goes. ‘ABSOLUTELY NOTHING’! And worse, everybody knows this. Yet, the stranger reality not discussed is the fact of defacto bribes in terms of contributions given or withheld, extortion in a very real sense of the word, and even blackmail [yes, there’s plenty of dirt among america’s criminal so-called ruling class and that’s the way they like it for the sake of pliability if nothing else. Have you ever wondered why those ‘whitehouse closedoor meetings’ are invariably successful?]

Who woulda thunk it? Car sales off after government subsidies from defacto bankrupt treasury to G_overnment M_otors, et als, expires. Next new thing, a new car credit for every new child born in the u.s., with prospective staggered phase-in on a monthly basis, state-by-state in alphabetical order to maximize the continuing effect of the program. Now that sounds like a plan born of america.

Bloomberg Smears Anti-Obamacare Activists As Terrorists Despite the arrest of a Pakistani-American who authorities have been trailing for two days as the prime suspect behind the botched Times Square car bombing, New York Mayor Michael Bloomberg wasted little time in smearing anti-Obamacare activists as terrorists during an appearance on CBS News last night, implying that the attack was the work of a Tea Party activist.

Why Do So Many Bad Things Keep Happening To The United States? The Economic Collapse | How many body blows can the biggest (but defacto bankrupt) economy in the world take and still remain standing? Karma, Divine Provenance, Divine Intervention? Yes, there is a God!

Faisal Shahzad Kept Low Profile in US CBS News - Former Neighbors of Accused Times Square Bomber the Married Father of Two Kept To Himself, Claimed to Work on Wall St. Insight and analysis of the Times Square bomb arrest.

Iran offers to help contain US oil spill Press TV | The National Iranian Drilling Company (NIDC) has offered to assist the US in efforts to prevent an ecological disaster caused by the spreading oil spill in the Gulf of Mexico. Iran wants US nukes dismantled Press TV | Iranian President Mahmoud Ahmadinejad says the United States should dismantle its nuclear bases around the world as a step to create a nuke-free world. Obama’s Threat to Launch a Nuclear Attack on Iran Global Research | Just as the Bush-Cheney administration falsely alleged that Iraq had WMDs, the Obama administration is arguing for unilateral sanctions against Iran, alleging that it poses an existential threat.

Of ‘gooses and ganders’, the pathetic sight of a pervasively corrupt, fallen, arguably once great nation, defacto bankrupt america. Video: US walkout on speech by Ahmadinejad 'shows West biased against Iran' And schumer of new york … he’s almost become the quintessential cliché / stereotype of the ‘new york jew’ with his devoid of israeli violations of international law, the very Non-Proliferation Treaty spotlighted in the Conference, along with war crimes of both the u.s. and israel blinder view of the world; how embarrassing for new york. The UN should move to another country.