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)

(4-1-11) Dow 12,376 +56 Nasdaq 2,789 +8 S&P 500 1,332 +6 [CLOSE- OIL $107.94 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.65 (reg. gas in LAND OF FRUITS AND NUTS $4.05 REG./ $4.10 MID-GRADE/ $4.20 PREM./ $4.27 DIESEL) / GOLD $1,428 (+24% for year 2009) / SILVER $37.76 (+47% for year 2009) PLATINUM $1,758 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 83 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 3.45% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME! [ (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 s**t!… 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. 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 Read more about the sentiment survey. MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC 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 S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst 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 lowsSELL/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))

(3-31-11) Dow 12,319 -31 Nasdaq 2,781 +4 S&P 500 1,326 -2 [CLOSE- OIL $107.46 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.65 (reg. gas in LAND OF FRUITS AND NUTS $4.00 REG./ $4.05 MID-GRADE/ $4.20 PREM./ $4.27 DIESEL) / GOLD $1,433 (+24% for year 2009) / SILVER $37.74 (+47% for year 2009) PLATINUM $1,767 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 83 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 3.47% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-30-11) Dow 12,351 +71 Nasdaq 2,776 +19 S&P 500 1,328 +8 [CLOSE- OIL $104.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.65 (reg. gas in LAND OF FRUITS AND NUTS $4.00 REG./ $4.05 MID-GRADE/ $4.20 PREM./ $4.27 DIESEL) / GOLD $1,422 (+24% for year 2009) / SILVER $37.41 (+47% for year 2009) PLATINUM $1,763 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 83 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.45% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-29-11) Dow 12,279 +81 Nasdaq 2,756 +26 S&P 500 1,319 +9 [CLOSE- OIL $104.45 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.65 (reg. gas in LAND OF FRUITS AND NUTS $4.00 REG./ $4.05 MID-GRADE/ $4.20 PREM./ $4.27 DIESEL) / GOLD $1,417 (+24% for year 2009) / SILVER $37.00 (+47% for year 2009) PLATINUM $1,735 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.45% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-28-11) Dow 12,198 -23 Nasdaq 2,730 -12 S&P 500 1,310 -4 [CLOSE- OIL $103.98 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.65 (reg. gas in LAND OF FRUITS AND NUTS $4.00 REG./ $4.05 MID-GRADE/ $4.20 PREM./ $4.27 DIESEL) / GOLD $1,417 (+24% for year 2009) / SILVER $36.86 (+47% for year 2009) PLATINUM $1,735 (+56% for year 2009) Metal News for the Day / DOLLAR= .71 EURO, 81 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.43% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-25-11) Dow 12,220 +50 Nasdaq 2,743 +6 S&P 500 1,313 +4 [CLOSE- OIL $105.40 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,429 (+24% for year 2009) / SILVER $37.31 (+47% for year 2009) PLATINUM $1,745 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 80 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.53% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-24-11) Dow 12,170 +85 Nasdaq 2,736 +38 S&P 500 1,309 +12 [CLOSE- OIL $105.60 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,431 (+24% for year 2009) / SILVER $37.39 (+47% for year 2009) PLATINUM $1,745 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 80 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.39% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-23-11) Dow 12,086 +67 Nasdaq 2,698 +15 S&P 500 1,297 +3 [CLOSE- OIL $105.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,437 (+24% for year 2009) / SILVER $37.23 (+47% for year 2009) PLATINUM $1,749 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 80 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.35% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-22-11) Dow 12,018 -18 Nasdaq 2,683 -8 S&P 500 1,293 -5 [CLOSE- OIL $105.25 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,427 (+24% for year 2009) / SILVER $36.26 (+47% for year 2009) PLATINUM $1,737 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 80 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.33% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-21-11) Dow 12,037 +178 Nasdaq 2,692 +48 S&P 500 1,298 +19 [CLOSE- OIL $103.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,430 (+24% for year 2009) / SILVER $36.25 (+47% for year 2009) PLATINUM $1,747 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 80 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.33% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-18-11) Dow 11,858 +83 Nasdaq 2,643 +7 S&P 500 1,279 +5 [CLOSE- OIL $102.39 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,418 (+24% for year 2009) / SILVER $35.23 (+47% for year 2009) PLATINUM $1,717 (+56% for year 2009) Metal News for the Day / DOLLAR= .70 EURO, 80 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.26% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-17-11) Dow 11,774 +161 Nasdaq 2,636 +19 S&P 500 1,273 +16 [CLOSE- OIL $103.75 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,410 (+24% for year 2009) / SILVER $34.74 (+47% for year 2009) PLATINUM $1,708 (+56% for year 2009) Metal News for the Day / DOLLAR= .71 EURO, 81 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.26% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-16-11) Dow 11,613 -242 Nasdaq 2,617 -51 S&P 500 1,256 -25 [CLOSE- OIL $97.98 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,390 (+24% for year 2009) / SILVER $33.88 (+47% for year 2009) PLATINUM $1,679 (+56% for year 2009) Metal News for the Day / DOLLAR= .71 EURO, 78 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.20% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-15-11) Dow 11,855 -138 Nasdaq 2,667 -34 S&P 500 1,282 -15 [CLOSE- OIL $97.45 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,396 (+24% for year 2009) / SILVER $34.03 (+47% for year 2009) PLATINUM $1,687 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 81 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.33% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-14-11) Dow 11,993 -51 Nasdaq 2,700 -15 S&P 500 1,296 -8 [CLOSE- OIL $100.31 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.51 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,413 (+24% for year 2009) / SILVER $35.20 (+47% for year 2009) PLATINUM $1,720 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.35% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-11-11) Dow 12,044 +60 Nasdaq 2,715 +15 S&P 500 1,304 +9 [CLOSE- OIL $102.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.51 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,417 (+24% for year 2009) / SILVER $35.83 (+47% for year 2009) PLATINUM $1,774 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.39% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-10-11) Dow 11,985 -229 Nasdaq 2,701 -51 S&P 500 1,295 -25 [CLOSE- OIL $102.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.51 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,413 (+24% for year 2009) / SILVER $35.26 (+47% for year 2009) PLATINUM $1,760 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.39% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-9-11) Dow 12,213 -1 Nasdaq 2,751 -14 S&P 500 1,320 -2 [CLOSE- OIL $104.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.51 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,429 (+24% for year 2009) / SILVER $36.01 (+47% for year 2009) PLATINUM $1,797 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.47% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression

ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-8-11) Dow 12,214 +124 Nasdaq 2,765 +20 S&P 500 1,322 +11 [CLOSE- OIL $104.60 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.51 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.07 DIESEL) / GOLD $1,427 (+24% for year 2009) / SILVER $36.05 (+47% for year 2009) PLATINUM $1,798 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.54% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-7-11) Dow 12,090 -80 Nasdaq 2,745 -39 S&P 500 1,310 -11 [CLOSE- OIL $105.45 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.37 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.07 DIESEL) / GOLD $1,431 (+24% for year 2009) / SILVER $35.69 (+47% for year 2009) PLATINUM $1,806 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.51% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-4-11) Dow 12,169 -88 Nasdaq 2,784 -14 S&P 500 1,321 -10 [CLOSE- OIL $104.98 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.37 (reg. gas in LAND OF FRUITS AND NUTS $3.69 REG./ $3.78 MID-GRADE/ $3.88 PREM./ $4.02 DIESEL) / GOLD $1,427 (+24% for year 2009) / SILVER $35.45 (+47% for year 2009) PLATINUM $1,835 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.49% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-3-11) Dow 12,258 +191 Nasdaq 2,798 +51 S&P 500 1,331 +22 [CLOSE- OIL $101.91 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.37 (reg. gas in LAND OF FRUITS AND NUTS $3.69 REG./ $3.78 MID-GRADE/ $3.88 PREM./ $4.02 DIESEL) / GOLD $1,418 (+24% for year 2009) / SILVER $34.33 (+47% for year 2009) PLATINUM $1,835 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.57% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-2-11) Dow 12,066 +8 Nasdaq 2,748 +10 S&P 500 1,308 +2 [CLOSE- OIL $102.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.37 (reg. gas in LAND OF FRUITS AND NUTS $3.69 REG./ $3.78 MID-GRADE/ $3.88 PREM./ $4.02 DIESEL) / GOLD $1,438 (+24% for year 2009) / SILVER $34.97 (+47% for year 2009) PLATINUM $1,842 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.46% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(3-1-11) Dow 12,058 -168 Nasdaq 2,737 -45 S&P 500 1,306 -21 [CLOSE- OIL $100.31 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.37 (reg. gas in LAND OF FRUITS AND NUTS $3.69 REG./ $3.78 MID-GRADE/ $3.88 PREM./ $4.02 DIESEL) / GOLD $1,433 (+24% for year 2009) / SILVER $34.69 (+47% for year 2009) PLATINUM $1,831 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.41% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-28-11) Dow 12,226 +95 Nasdaq 2,782 +1 S&P 500 1,322 +2 [CLOSE- OIL $97.07 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.33 (reg. gas in LAND OF FRUITS AND NUTS $3.69 REG./ $3.78 MID-GRADE/ $3.88 PREM./ $4.02 DIESEL) / GOLD $1,410 (+24% for year 2009) / SILVER $33.38 (+47% for year 2009) PLATINUM $1,805 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.41% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-25-11) Dow 12,130 +62 Nasdaq 2,781 +43 S&P 500 1,320 +13 [CLOSE- OIL $97.97 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.33 (reg. gas in LAND OF FRUITS AND NUTS $3.69 REG./ $3.78 MID-GRADE/ $3.88 PREM./ $4.02 DIESEL) / GOLD $1,410 (+24% for year 2009) / SILVER $33.38 (+47% for year 2009) PLATINUM $1,805 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.43% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-24-11) Dow 12,068 -37 Nasdaq 2,737 +14 S&P 500 1,306 -1 [CLOSE- OIL $97.29 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.17 (reg. gas in LAND OF FRUITS AND NUTS $3.56 REG./ $3.66 MID-GRADE/ $3.76 PREM./ $3.88 DIESEL) / GOLD $1,402 (+24% for year 2009) / SILVER $32.38 (+47% for year 2009) PLATINUM $1,780 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.45% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 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!

(2-23-11) Dow 12,105 -107 Nasdaq 2,723 -33 S&P 500 1,307 -8 [CLOSE- OIL $98.97 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.17 (reg. gas in LAND OF FRUITS AND NUTS $3.56 REG./ $3.66 MID-GRADE/ $3.76 PREM./ $3.88 DIESEL) / GOLD $1,413 (+24% for year 2009) / SILVER $33.56 (+47% for year 2009) PLATINUM $1,782 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.48% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-22-11) Dow 12,212 -178 Nasdaq 2,756 -78 S&P 500 1,315 -28 [CLOSE- OIL $95.32 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.17 (reg. gas in LAND OF FRUITS AND NUTS $3.56 REG./ $3.66 MID-GRADE/ $3.76 PREM./ $3.88 DIESEL) / GOLD $1,396 (+24% for year 2009) / SILVER $32.92 (+47% for year 2009) PLATINUM $1,792 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.46% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-18-11) Dow 12,391 +73 Nasdaq 2,833 +2 S&P 500 1,343 +2 [CLOSE- OIL $89.71 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,387 (+24% for year 2009) / SILVER $32.52 (+47% for year 2009) PLATINUM $1,830 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 83 YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.59% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-17-11) Dow 12,318 +29 Nasdaq 2,831 +6 S&P 500 1,340 +4 [CLOSE- OIL $88.92 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,383 (+24% for year 2009) / SILVER $31.63 (+47% for year 2009) PLATINUM $1,836 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 83 YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.58% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-16-11) Dow 12,288 +61 Nasdaq 2,825 +21 S&P 500 1,336 +8 [CLOSE- OIL $88 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,378 (+24% for year 2009) / SILVER $30.69 (+47% for year 2009) PLATINUM $1,829 (+56% for year 2009) Metal News for the Day / DOLLAR= .73 EURO, 83 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.62% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-15-11) Dow 12,226 -41 Nasdaq 2,804 -12 S&P 500 1,328 -4 [CLOSE- OIL $87.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,373 (+24% for year 2009) / SILVER $30.69 (+47% for year 2009) PLATINUM $1,826 (+56% for year 2009) / DOLLAR= .73 EURO, 83 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.62% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-14-11) Dow 12,268 -5 Nasdaq 2,817 +7 S&P 500 1,332 +3 [CLOSE- OIL $89.03 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,365 (+24% for year 2009) / SILVER $30.62 (+47% for year 2009) PLATINUM $1,834 (+56% for year 2009) / DOLLAR= .73 EURO, 83 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.62% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-11-11) Dow 12,273 +43 Nasdaq 2,809 +18 S&P 500 1,329 +7 [CLOSE- OIL $89.05 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,356 (+24% for year 2009) / SILVER $29.90 (+47% for year 2009) PLATINUM $1,800 (+56% for year 2009) / DOLLAR= .73 EURO, 83 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.65% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-10-11) Dow 12,229 -11 Nasdaq 2,790 +1 S&P 500 1,321 +1 [CLOSE- OIL $87.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,362 (+24% for year 2009) / SILVER $30.09 (+47% for year 2009) PLATINUM $1,826 (+56% for year 2009) / DOLLAR= .73 EURO, 83 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.71% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-9-11) Dow 12,239 +6 Nasdaq 2,789 -8 S&P 500 1,320 -4 [CLOSE- OIL $86.79 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,365 (+24% for year 2009) / SILVER $30.29 (+47% for year 2009) PLATINUM $1,845 (+56% for year 2009) / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.65% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-8-11) Dow 12,233 +71 Nasdaq 2,797 +13 S&P 500 1,325 +5 [CLOSE- OIL $86.94 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,362 (+24% for year 2009) / SILVER $30.26 (+47% for year 2009) PLATINUM $1,860 (+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.72% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-7-11) Dow 12,162 +69 Nasdaq 2,783 +15 S&P 500 1,319 +8 [CLOSE- OIL $87.48 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,348 (+24% for year 2009) / SILVER $29.35 (+47% for year 2009) PLATINUM $1,834 (+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.65% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-4-11) Dow 12,092 +29 Nasdaq 2,769 +15 S&P 500 1,311 +3 [CLOSE- OIL $89.03 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,349 (+24% for year 2009) / SILVER $29.05 (+47% for year 2009) PLATINUM $1,838(+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.65% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-3-11) Dow 12,062 +20 Nasdaq 2,753 +4 S&P 500 1,307 +3 [CLOSE- OIL $90.54 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,353 (+24% for year 2009) / SILVER $28.72 (+47% for year 2009) PLATINUM $1,837(+56% for year 2009) / DOLLAR= .73 EURO, 81 YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.54% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-2-11) Dow 12,041 +1 Nasdaq 2,749 -2 S&P 500 1,304 -4 [CLOSE- OIL $91.03 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,335 (+24% for year 2009) / SILVER $28.37 (+47% for year 2009) PLATINUM $1,834 (+56% for year 2009) / DOLLAR= .72 EURO, 81 YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.48% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(2-1-11) Dow 12,040 +148 Nasdaq 2,751 +51 S&P 500 1,307 +21 [CLOSE- OIL $90.77 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,340 (+24% for year 2009) / SILVER $28.51 (+47% for year 2009) PLATINUM $1,820 (+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.45% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 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!

(1-31-11) Dow 11,891 +68 Nasdaq 2,700 +13 S&P 500 1,286 +9 [CLOSE- OIL $91.19 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.11 (reg. gas in LAND OF FRUITS AND NUTS $3.35 REG./ $3.53 MID-GRADE/ $3.62 PREM./ $3.68 DIESEL) / GOLD $1,335 (+24% for year 2009) / SILVER $28.17 (+47% for year 2009) PLATINUM $1,795 (+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.38% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-28-11) Dow 11,823 -166 Nasdaq 2,686 -68 S&P 500 1,276 -23 [CLOSE- OIL $89.34 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,335 (+24% for year 2009) / SILVER $27.93 (+47% for year 2009) PLATINUM $1,790 (+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.33% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-27-11) Dow 11,989 +4 Nasdaq 2,755 +15 S&P 500 1,299 +2 [CLOSE- OIL $85.64 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,313 (+24% for year 2009) / SILVER $26.65 (+47% for year 2009) PLATINUM $1,774 (+56% for year 2009) / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.38% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-26-11) Dow 11,985 +8 Nasdaq 2,739 +20 S&P 500 1,296 +5 [CLOSE- OIL $87.33 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,330 (+24% for year 2009) / SILVER $27.13 (+47% for year 2009) PLATINUM $1,809 (+56% for year 2009) / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.43% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-25-11) Dow 11,980 -3 Nasdaq 2,717 +1 S&P 500 1,291 -0- [CLOSE- OIL $86.19 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,334 (+24% for year 2009) / SILVER $26.97 (+47% for year 2009) PLATINUM $1,791 (+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.31% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-24-11) Dow 11,980 +108 Nasdaq 2,717 +27 S&P 500 1,290 +7 [CLOSE- OIL $87.87 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,334 (+24% for year 2009) / SILVER $26.94 (+47% for year 2009) PLATINUM $1,809 (+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.40% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-21-11) Dow 11,872 +49 Nasdaq 2,689 -15 S&P 500 1,283 +3 [CLOSE- OIL $89.11 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,343 (+24% for year 2009) / SILVER $27.45 (+47% for year 2009) PLATINUM $1,822 (+56% for year 2009) / DOLLAR= .73 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.42% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope 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!

(1-20-11) Dow 11,823 -2 Nasdaq 2,704 -21 S&P 500 1,280 -2 [CLOSE- OIL $89.62 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,346 (+24% for year 2009) / SILVER $27.47 (+47% for year 2009) PLATINUM $1,806 (+56% for year 2009) / DOLLAR= .74 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.45% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 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!

(1-19-11) Dow 11,825 -12 Nasdaq 2,725 -40 S&P 500 1,282 -13 [CLOSE- OIL $90.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,370 (+24% for year 2009) / SILVER $28.80 (+47% for year 2009) PLATINUM $1,825 (+56% for year 2009) / DOLLAR= .74 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.33% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-18-11) Dow 11,838 +51 Nasdaq 2,765 +10 S&P 500 1,295 +1 [CLOSE- OIL $91.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,368 (+24% for year 2009) / SILVER $29.13 (+47% for year 2009) PLATINUM $1,839 (+56% for year 2009) / DOLLAR= .74 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.36% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-14-11) Dow 11,787 +55 Nasdaq 2,755 +20 S&P 500 1,293 +9 [CLOSE- OIL $91.53 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,359 (+24% for year 2009) / SILVER $28.38 (+47% for year 2009) PLATINUM $1,806 (+56% for year 2009) / DOLLAR= .74 EURO, 82 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.33% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-13-11) Dow 11,731 -24 Nasdaq 2,735 -2 S&P 500 1,283 -2 [CLOSE- OIL $92.15 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,387 (+24% for year 2009) / SILVER $29.26 (+47% for year 2009) PLATINUM $1,809 (+56% for year 2009) / DOLLAR= .74 EURO, 82 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.30% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-12-11) Dow 11,755 +83 Nasdaq 2,737 +20 S&P 500 1,286 +11 [CLOSE- OIL $91.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,386 (+24% for year 2009) / SILVER $29.62 (+47% for year 2009) PLATINUM $1,796 (+56% for year 2009) / DOLLAR= .76 EURO, 83 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.35% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-11-11) Dow 11,671 +34 Nasdaq 2,716 +9 S&P 500 1,274 +4 [CLOSE- OIL $91.10 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,386 (+24% for year 2009) / SILVER $29.74(+47% for year 2009) PLATINUM $1,772 (+56% for year 2009) / DOLLAR= .76 EURO, 83 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.34% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope 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!

(1-10-11) Dow 11,637 -37 Nasdaq 2,707 +4 S&P 500 1,269 -2 [CLOSE- OIL $89.26 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,374 (+24% for year 2009) / SILVER $28.86 (+47% for year 2009) PLATINUM $1,739 (+56% for year 2009) / DOLLAR= .77 EURO, 83 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.30% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-7-11) Dow 11,624 -23 Nasdaq 2,703 -6 S&P 500 1,271 -2 [CLOSE- OIL $88.03 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,369 (+24% for year 2009) / SILVER $28.88 (+47% for year 2009) PLATINUM $1,729 (+56% for year 2009) / DOLLAR= .77 EURO, 83 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.33% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-6-11) Dow 11,697 -26 Nasdaq 2,709 +7 S&P 500 1,274 -3 [CLOSE- OIL $88.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,371 (+24% for year 2009) / SILVER $29.13 (+47% for year 2009) PLATINUM $1,722 (+56% for year 2009) / DOLLAR= .76 EURO, 83 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.42% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope 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!

(1-5-11) Dow 11,722 +31 Nasdaq 2,702 +20 S&P 500 1,276 +6 [CLOSE- OIL $90.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,376 (+24% for year 2009) / SILVER $29.35 (+47% for year 2009) PLATINUM $1,731 (+56% for year 2009) / DOLLAR= .76 EURO, 83 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.48% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-4-11) Dow 11,691 +20 Nasdaq 2,681 -10 S&P 500 1,270 -2 [CLOSE- OIL $89.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,379 (+24% for year 2009) / SILVER $29.51 (+47% for year 2009) PLATINUM $1,729 (+56% for year 2009) / DOLLAR= .75 EURO, 82 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.35% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(1-3-11) Dow 11,671 +93 Nasdaq 2,692 +38 S&P 500 1,272 +14 [CLOSE- OIL $91.55 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,422 (+24% for year 2009) / SILVER $31.13 (+47% for year 2009) PLATINUM $1,766 (+56% for year 2009) / DOLLAR= .74 EURO, 82 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.34% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope 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!

(12-31-10) Dow 11,577 +7 Nasdaq 2,653 -10 S&P 500 1,258 -1 [CLOSE- OIL $91.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,422 (+24% for year 2009) / SILVER $30.95 (+47% for year 2009) PLATINUM $1,765 (+56% for year 2009) / DOLLAR= .74 EURO, 80 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.31% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

12-30-10) Dow 11,569 -16 Nasdaq 2,662 -4 S&P 500 1,258 -2 [CLOSE- OIL $89.73 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,405 (+24% for year 2009) / SILVER $30.53 (+47% for year 2009) PLATINUM $1,744 (+56% for year 2009) / DOLLAR= .75 EURO, 81 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.36% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

First quarter archive 2010

Second quarter archive 2010

Third quarter archive 2010

Fourth quarter archive 2010

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. April 30, 2011

U.S.National Debt (real time)

4-1-11

Business / Economic / Financial

[ This link to a somewhat more cumulative blog posts page will precede current days news since most all topics remain current in terms of impact and longer-term effect and can be searched by topical index term more easily. The same is provided since the blog site http://alpeiablog.blogspot.com has just been censored as to size by google which is typical for google as nsa / cia / gov’t shill as more are becoming aware of. The same is true for microsoft, another co. that’s seen their best days and relies on the government to maintain their monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and clarity thereby while the Washington Post page is the real deal but without formatting http://www.washingtonpost.com/wp- srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11 - you must be logged in - (Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on their site ) . The following is the cumulative archive of blog posts / topics for 2010 as the new year starts anew (and prospectively archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version
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Jobs report better than expected … April fools … you got to be to believe anything they say, desperate as they are [ Drudgereport: GALLUP: Unemployment at 10.0%; underemployment 19.3%... Who do you believe? ] … particularly that huge fudge factor; viz., that ubiquitous 'stopped looking' category … granted there are some 'window-dressing' jobs created at huge uneconomic cost with the reality going something like this: government give contract to company that will cover the costs of the domestic jobs created using funds they don't really have (borrowed, one way or another, and piled on to the already insurmountable debt of a nation that is already defacto bankrupt), to produce goods which could be produced better and cheaper elsewhere (there isn't anything that can't be produced outside this country better, more efficiently, and cheaper). This is doubly inflationary since, first, the goods are uneconomically more costly, and second, whether borrowed or printed, the increased paper and lesser real value thereof is also inflationary. That said, I don't even believe their headline number and the unemployment rate they give is irrelevant and wholly inaccurate (that 'stopped looking fudge factor', etc.). Then there is the b*** s*** concerning treasury turning a profit on the (ongoing fed / pomo / wall street) bailouts that taxpayers have and will continue to pay for in higher prices from oil to grains to other commodities to fewer jobs, now and in the future. There is no modern day alchemy that 'spins more paper into gold'. That value has to come from some place; viz., you! Light Volume Rally Continues: Dave's Daily ' ...The Fed has injected $500 billion (another $7B in POMO Wednesday) to the financial system since January 2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to close things out puts a smile on investors' faces and bonuses in portfolio managers' pockets. Painting the tape and window dressing is against the law … ADP data has misled before but Wall Street is awash with cash from on high and finds little other place to invest beyond stocks...' M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you’ … 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. The Economic Collapse]

More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million).

Employment Report: Clear Trend Change Absence Denninger 'From the Bureau Of Lies And Scams (BLS):

Nonfarm payroll employment increased by 216,000 in March, and the unemployment rate was little changed at 8.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, leisure and hospitality, and mining. Employment in manufacturing continued to trend up.

Yeah, ok.

http://market-ticker.org/akcs-www?get_gallerynr=1415

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How about the workweek and salaries?

In March, average workweek for all employees on private nonfarm payrolls was unchanged at 34.3 hours in March. The manufacturing workweek for all employees edged down by 0.1 hour to 40.5 hours, while factory overtime was unchanged at 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls increased by 0.1 hour to 33.6 hours. (See tables B-2 and B-7.) The average hourly earnings for all employees on private nonfarm payrolls were unchanged at $22.87. Over the past 12 months, average hourly earnings have increased by 1.7 percent. Average hourly earnings of private-sector production and nonsupervisory employees edged down by 2 cents over the month to $19.30. (See tables B-3 and B-8.)

No help here. No increase in hours worked and no hourly earnings improvement either. For production and non-supervisory workers (those where price increases really hurt) they saw a bit of a decline. This is quite-bad news; note that the average annual wage for these workers is $38,600 pre-tax. That's materially under the average worker's income used in the BLS CPI tables, and it is those who have incomes under the median that experience the worst of income allocation shifts into non-discretionary purchases such as food, energy and medical.

This just plain sucks given the price inflation that is clearly-evident in the PPI since August. These price increases are now going to start showing up on the store shelf over the next couple of months. We should also see the impact of these PPI changes being emitted from the rear end of the economy (that is, the business end that hurts you, the consumer) in the 1st quarter earnings reports beginning in earnest on the 11th.

Let's go look at our numbers and see if there's a "there" there.

http://market-ticker.org/akcs-www?get_gallerynr=1417

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That's small improvement. I guess you can say it's not another turn-down.

http://market-ticker.org/akcs-www?get_gallerynr=1416

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The number of employed ticked up a bit. That's positive. But it did last year too, only to flag off as we got into the summer.

http://market-ticker.org/akcs-www?get_gallerynr=1419

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"Not in labor force", annualized, isn't any good. Yes, the monthly number looks good, but there are seasonal effects. On an annualized basis we're still above the zero line - then again, we have been like ... well ... forever. This is a problem and to a material degree reflects the underlying problem we have with labor in this country - we're losing participation. Permanently.

http://market-ticker.org/akcs-www?get_gallerynr=1418

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Here's the grand-daddy number. It's following the seasonal pattern; let's see if it peaks in May. More-importantly, let's see if it puts in a lower high to go with the lower low.

That would be bad, and until the pattern changes, it's what you have to expect.

http://market-ticker.org/akcs-www?get_gallerynr=1420

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Nowhere is this more-evident than in this chart. Positive change? Where? This is the root of the problem - participation, as a percentage of the workforce, continues to decline. This in turn means that the budgetary pressures will not come off. And that, in turn, is very bad from an intermediate and longer-term stability perspective.

What this all boils down to is that job growth is insufficient to support the economy on its own. Yet the ability to keep writing hot checks to the tune of $1.7 trillion a year or more to support a fake "recovery" is not infinite.

The wall is clearly visible through the fog at this point. Why do we still have our monetary and fiscal foot mashed on the accelerator?'

Higher Oil Slows Stock Rally: Dave's Daily 'No matter the market data, how can I let April Fool's Day pass without some humorous image? But, more somberly, today marks the second anniversary of ETF Digest pal Greg Newton's (Naked Shorts Blog) sudden death. So, I'm not going to complain about the 10" of snow. Markets were sharply higher after a mildly better than expected employment report. Many feel the economy has definitely turned the corner and that bodes well for stocks. The dollar rallied sharply early but then fell hard later in the day perhaps coinciding with Fed Governor's Dudley's remarks that QE will remain on track. (The Fed just can't find the "off" switch and behave like they're addicted to crack.) But, as Friday wore on, it became clear that oil prices would not be contained. Two reasons dominated: first, DUD-ley's comments and second, events in Libya aren't moving the coalition's way. As to the latter, what does this mean? Failure? Or, an enhanced presence? It sure presented an inconvenient speed bump for bulls Friday despite gains. How will consumers react to higher gas and energy prices? Not well one would think, but that's just too logical. Short-term equity markets have become rapidly overbought. DUD-ley's comments allow bulls to believe more, not less, liquidity is coming their way. As markets hit previous highs, along with oil, sellers entered markets to take profits. Volume is still ultra-light but breadth per the WSJ remains positive. '

Short-Term, High-Probability Mean-Reversion: Several ETFs Hit Short-Term Extremes Crowder 'Several of the ETFs I follow in the High-Probability, Mean Reversion strategy have hit a short-term “very overbought” extreme. Typically, when this type of event occurs a short-term reprieve (1-3 days) is right around the corner.Unemployment numbers are out before the bell today so I expect to see a pop at the open. If the market opens higher today I expect to make a trade in the strategy, so subscribers stay tuned.I currently have a trade on, so of course, a move lower at the open would not upset me either. I expect today will be a very interesting day. Short-Term High-Probability, Mean-Reversion Indicator – as of close 3/31/11

[overbought chart http://static.seekingalpha.com/uploads/2011/4/1/saupload_3_31_11_hpmr.png ]

Disclosure: I am short SPY.'

For Soda Aficionados Minyanville http://www.albertpeia.com/regionalsodas.htm

The Treasury Auction Shell Game Peter Schiff | Very few people have the patience to sift through Treasury Department bond auctions data.

GE to Try to Avoid Liability in Japan Nuke Crisis Reuters | The Japan’s nuke crisis has created a PR headache for General Electric, but the company so far has escaped any legal fallout.

Foreign Banks Tapped Fed’s Lifeline Most as Bernanke Kept Borrowers Secret Bloomberg | The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks.

ECONOMIC CRISIS ARCHIVE

Japan Rebuilds While The Fed Tears Down In Japan’s quest to reconstruct the region affected demand for commodities will increase putting added upward pressure on commodity markets.

Ron Paul On The Fed’s Secret Bailout Documents Congressman Paul discusses the documents the Fed released by court order.

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.

The Fed Bailed Out A Libya-Owned Bank No matter how many Nobel peace prizes are trampled in the process, it may come as a surprise to some that a bank majority owned by the Libya Central Bank, was the direct recipient of US taxpayer largesse in the form of discount window borrowing.

National / World

Al Qaeda’s Dark Secret Exposed TheAlexJonesChannel | Evidence proves al Qaeda is Western manufactured.

Canadian officials ‘secretive’ on North American perimeter security agreement Aaron Dykes | Unifying the once sovereign nations of North America under treaty law moves forward in stealth.

Coalition Air Strikes: Body Bags Begin Piling Up Patrick Henningsen | The use of DU has been a major feature in US-led Coalition and Israeli war efforts since 2001.

Government Bureaucrats Steal Basketball Hoops Kurt Nimmo | As the founders knew, without property rights we are slaves.

Fukushima Plant Operators Again Ordered To “Review” Radiation Readings Steve Watson | Findings have raised fears that underground waterways and drinking water supplies could become contaminated.

‘US orders media silence over Bahrain’ Press TV | President of Bahrain’s Center for Human Rights Nabeel Rajab says the US media have been ordered not to cover news on the government’s brutal crackdown on Bahraini people.

Cover Up: Fukushima Plant Operators Again Ordered To “Review” “Suspiciously High” Radiation Readings The operators of the crippled nuclear power plant at Fukushima have once again been ordered to “review” and retract their radiation findings where appropriate because Japan’s Nuclear and Industrial Safety Agency says they are too high.

Neocons and Democrats Work in Congress to Support Obama’s Libyan War As the mad bombers at NATO engage in a public relations stunt in response to the fallout from the slaughter of innocent Libyan civilians, here in the United States a few dignified members of Congress are attempting to put a halt to the illegal war.

The New Colonialism: Washington’s Pursuit of World Hegemony [Oh come on! They only wish! The nation's defacto bankrupt … understand all that that entails! ]What we are observing in Libya is the rebirth of colonialism. Only this time it is not individual European governments competing for empires and resources.

Target China Far from the Founding Father’s ideal representative republic, China has garnered a reputation as one of the most repressive regimes on earth. While some of this is well earned, much of it is due to the unsavory legacy left by Mao’s “Great Leap Forward” which to this day is still being carefully and systematically dismantled.

Gaddafi regime admits attempts to talk to west The regime of Colonel Muammar Gaddafi has initiated a concerted effort to open lines of communication with western governments in an attempt to bring the conflict in the country to an end.

Libyan opposition offers ceasefire A Libyan opposition leader has said the rebels will accept a UN-demanded ceasefire if Muammar Gaddafi pulls his forces from all cities and allows peaceful protests.

Rand Paul: Fox can’t decide ‘what they love more, bombing the Middle East or bashing the president’ Sen. Rand Paul (R-KY) joked Wednesday night that the Fox News Channel can’t seem to reconcile their dislike for President Barack Obama with their support for his military intervention in Libya.

Libya is a Continuation of Neocon War to Remake Middle East [ Come on! They're muddling along, debt ridden, incompetent, declining, failing, almost to a nation, individually and collectively. Trying to still appear relevant, more important are the nations absent from their war crimes folly (excepting israel for which these treasury depleting fiascos in the name of zionism continue down this path of self-defeat / self-destruction) ]Statement on Libya – Defining U.S. National Security Interests, Before the Foreign Affairs Committee, US House of Representatives, 31 March 2011

Drudgereport: GALLUP: Unemployment at 10.0%; underemployment 19.3%...
WSJ: More Americans work for gov't than manufacturing, farming, fishing, forestry, mining, utilities -- combined...
OIL SOARS...
Highest March price on record...
OBAMA'S LIMO EXEMPT FROM NEW 'GREEN' POLICY
Government losses in GM far higher than claimed...
Bosses at bailed-out FANNIE, FREDDIE were paid millions...
Probes Find 'Unprecedented' Political Review of FOIA Requests by Big Sis...
Issa: 'Nixonian'...
Federal Agents Told to Reduce Border Arrests, AZ Sheriff Says...
1st Grade Teacher Suspended for Facebook Rant About Students...
...Felt Like 'Warden' Supervising Future Criminals [ That's because that's what they are … and inherently so … just because they look like wobama, holder, michelle/wobama's belle, etc., doesn't change reality she has a right to discuss in First Amendment Terms, particularly. Paterson Teacher Suspended After Allegedly Calling Students 'Future Criminals ... Some comments:

I went to public school. Fortunately we had no blacks at all. They're just disgusting animals. People are tired of making up excuses for them. Look at sub-saharan africa, or any inner city. Always the same story with them. In evolutionary terms, 'they're the ones that got left behind'. (see, ie., http://albertpeia.com/anthroindex1.htm ).

Al Peia

Babba Booey

It’s a pretty funny story until you realize that the teacher is not only being honest but sadly correct as well.
The New generation of savages to come

April 1, 2011 at 10:48 pm | Reply | Report comment

cochino

After all, three generations of imbeciles are enough!

April 1, 2011 at 10:04 pm | Reply | Report comment

ANSWER

Teachers in that environment have classrooms consisting of 25 to 30 children. These children come to school with little to no sleep, poor nutrition, poor hygiene and zero guidance at home. In addition they don’t act like 6 and 7 year olds. They demonstrate very poor focus and attention to take direction. It is almost impossible to teach with these issues. Day after day teachers in most of these inner city school districts try. But in most cases the teacher can’t break this viscous cycle of ignorance. Mandatory birth control is the only answer. Parents need to be held accountable. Teachers in these environments all deserve to be paid at the highest scale! They deserve it.

April 1, 2011 at 9:47 pm | Reply | Report comment

Word of Wisdom

There is no such thing as a bad student….only bad teachers.

April 1, 2011 at 9:41 pm | Reply | Report comment

Wisdom (lol)

How about bad parents????

April 1, 2011 at 9:49 pm | Reply | Report comment

princeton1991

You’re an idiot and a likley dropout. Go back to school! — and I hate teachers more than you know so don’t blame me on you’re idiocy.

April 1, 2011 at 10:00 pm | Reply | Report comment

Mike

Leave the children of slackers in the public school system. Listen to this. My niece was doing her student teaching in Beachwood Ohio Public schools with 9th graders. After lunch the princes and princesses came back to class yelling and “fing” everyone and everything in sight. So she made them go back to the hall and come back quietly and ready to learn.
Her reward for this was 1 hour of counseling, not for the class but for her!
This junior high has 4 full time shrinks on site to help manage the teachers and kids. All that public school administrators want to to be sure no one makes any waves. What a joke.
Not wanting any part of the public school system, she got her Phd and has been teaching at a private college in Savana

April 1, 2011 at 9:36 pm | Reply | Report comment

Dewey

My niece teaches HS in Queens NY and says mainly the students
show up to meet each other ,not to study ,
Many of these kids will never be in the standard work ethics we
older folks grew up with ,they won’t work as they expect to start
at the top. Sad but this teacher’s comments are not far from what
my niece feels.

April 1, 2011 at 9:34 pm | Reply | Report comment

1608

She did her job.

Now the students know to judge a book by it’s cover.

April 1, 2011 at 9:28 pm | Reply | Report comment

Sick of whining

It’s her business what she posts on Facebook – maybe she should have marked it private and kept the comments amongst a select few. I can understand what she is saying – go to the mall and watch how kids act around their parents – heck, watch how the parents act. Instead of the parents crying about it they need to step up and parent instead of having the state/county raise their children. And yeah, some of those kids will grow up and be criminals. We have no EXPECTATIONS of proper behavior – we ACCEPT antisocial behavior everyday from children. Then when we can’t control the kids we dope ‘em up on ritalin and other drugs then sit ‘em in front of MTV, and Jerry Springer for their role models. Then we sit wondering what went wrong.

April 1, 2011 at 8:43 pm | Reply | Report comment

Sick of whining

Did anyone bother to ask why she felt that way?

April 1, 2011 at 8:48 pm | Reply | Report comment

loombergisafascist

people in this country despise the truth. i will bet dollars to donuts that everything she has said about her so called students are true. if she is seeeing this behaviour now in 1st grade can you imagine what these kids will be like in 10 years. its like the kid in staten island who was harrassing the muslim kid. he was a terror and nobody does anything. he was already running around with scissors and cut some other poor girls hair. these teachers spend 6 hours a day with these kids and i believe everything she says. to bad the parents dont take heed instead of just critizing her and acting all insulted.

April 1, 2011 at 8:09 pm | Reply | Report comment

mell

She and all academic teachers in America should walk out and set up their own small private schools. Capitalism and Freedom !!!!!!!! No more social promotion and grade fixing for lazy Americans!

April 1, 2011 at 8:03 pm | Reply | Report comment

Richard Allen

What is wrong with everyone….she knows what the truth is…she was warning everyone before it got bad

We need to praise this teacher and give her a PAY RAISE…..

April 1, 2011 at 8:00 pm | Reply | Report comment

Joe

The teacher called it as she saw it!!!

April 1, 2011 at 6:54 pm | Reply | Report comment

joey gallows

boohoo someones feelings were hurt
next thing is a lawsuit
the kids say worse things to each other every day

April 1, 2011 at 6:14 pm | Reply | Report comment

UJU

A school teacher can only do so much! Parents should rise up to their duties

April 1, 2011 at 5:45 pm | Reply | Report comment

Robert

Seek the truth, but don’t speak the truth ! The teacher can tell by the character of her students how they will be in later life! Paterson is a ghetto city and thats all one needs to know.

April 1, 2011 at 5:40 pm | Reply | Report comment

kds

When I was growing up I had nothing but respect for any and all adults specially teachers. Nowadays, my 9 year old neighbor is so disrespectful I wonder what she’ll become as a young adult. The worse part is her parents excuse her behavior with “she’s only nine”. I bet she behaves the same way in school by what I hear from other adults in the complex where we live.

April 1, 2011 at 5:18 pm | Reply | Report comment

2luv

why is it that people NEED to POST EVERYTHING IN FACEBOOK!!!

April 1, 2011 at 5:33 pm | Reply | Report comment

noodlesnoodlemann

Not too bright.

April 1, 2011 at 5:02 pm | Reply | Report comment

Michael Allen Powers

Mr. Johnson wonders why people are offended by the “truth”. (Fox’s definition of the word, obviously). I think he’s cranky because the kids won’t stay off his lawn.

I have teaching credentials, but I don’t teach. Why? Because I suck at it. (I have nothing but respect for those who can.) I learned this early on, and, to keep from doing a disservice to any prospective students, chose another path, just as this teacher should have done.

April 1, 2011 at 5:01 pm | Reply | Report comment

mike felter

i was thinking at first she can speak her mind she’s free but after some more thinking i agree rise the bar ,, i grow up in newark. was going the wrong way and some good people helped me,, and my great wife,,she stayed by me.. send the teacher back to school

April 1, 2011 at 5:00 pm | Reply | Report comment

story

There are expectations of educators to educate and not only academics but also morals and ethics. Her statement takes away from these children the chance they deserve to excel they are only 6 and 7 years old and will gravitate towards attitudes taught to them. This teacher is not prepared and should not be allowed to enter the class room again it is not the place for her she does not have the love or tolerance to deal with children of that age. Children of that age are curious and yes some of them are coming from homes where seeing is believing the thing that happen there and if that is the case let school be the heaven where they learn to be better people, gain knowledge and in the process get a little love.

April 1, 2011 at 4:57 pm | Reply | Report comment

Paterson

April 1, 2011 at 9:29 pm | Reply | Report comment

Kar

Everyone is entitled to thier opinions, truth be told or not. As an educator, you should know better then to ever post work related stuff. And never ever be facebook friends with parents & students! Lesson be learned!

April 1, 2011 at 4:53 pm | Reply | Report comment

Daniel Barbier

Please! And then if the kid does become a criminal then the educational system gets “blamed” for not intervening while again the parents receieve no responsibility in the outcome of their child’s behavior

April 1, 2011 at 4:39 pm | Reply | Report comment

Shelli Lipton

Teachers who think they are there as police need to be in a different profession. It’s good that this teacher was fired.

April 1, 2011 at 4:33 pm | Reply | Report comment

James W Johnson

So why are people so offended by the truth and facts?

April 1, 2011 at 4:33 pm | Reply | Report comment

James W Johnson

Why does the truth offend so many people?

April 1, 2011 at 4:32 pm | Reply | Report comment

Mari

i would say the teacher should be suspended more for her stupidity in posting to facebook than anything else. And she obviously was ill-prepared for the reality of the challenging job of teaching. I have no doubt she found her students unruly and undisciplined – they do live in an area where parenting skills seem to me at a minimium, but is also a challenge for those who DO try to be attentive to their children. She is to blame for thoughtlessness less than for her thoughts, but the education system, including hers at teacher’s college, are also partly responsible.

April 1, 2011 at 4:23 pm | Reply | Report comment

Paterson

April 1, 2011 at 9:33 pm | Reply | Report comment

Bulls_it! Obviously there’s a reason why she said it. Paterson NJ, is a gang infested slum with low function parents who are too busy smoking weed to help their children with their homework. Some, are future criminals. Look at their parents. The apple doesn’t fall too far from the tree.

April 1, 2011 at 4:01 pm | Reply | Report comment

You ignorant bigot, I grew up in Paterson NJ…. I graduated with honors from Penn State, I am getting my M.A at an international program…. after working as a political adviser.. and well be surely making a lot more money then you will ever be…..

April 1, 2011 at 4:31 pm | Reply | Report comment

James W Johnson

Democratis advisor no doubt.He made your point and you can’t even see that!

April 1, 2011 at 4:35 pm

Cisco

“.. and well be surely making a lot more money then you will ever be…”

Return to Penn State and ask for a refund. English composition isn’t your best game.

April 1, 2011 at 4:43 pm

Penn State Genius read this...

Teachers in that environment have classrooms consisting of 25 to 30 children. These children come to school with little to no sleep, poor nutrition, poor hygiene and zero guidance at home. In addition they don’t act like 6 and 7 year olds. They demonstrate very poor focus and attention to take direction. It is almost impossible to teach with these issues. Day after day teachers in most of these inner city school districts try. But in most cases the teacher can’t break this viscous cycle of ignorance. Mandatory birth control is the only answer. I hope this educates the Penn State ignoramus ignoramus..

April 1, 2011 at 9:38 pm

teacher

i know as an educator the children will rise to your expectations. I set the bar very high and they do very well and i see other teachers with this teachers mentality of how they are no good and thats what they get. When will society realize that we need to raise the bar and make them responsible and they will rise to the occasion. Try it! It works!

April 1, 2011 at 3:54 pm | Reply | Report comment

joe k

And I thought the truth would make you free.

April 1, 2011 at 3:43 pm | Reply | Report comment

anna

i thought its Arbeit macht frei (work would make you free)

April 1, 2011 at 4:39 pm | Reply | Report comment

----------------------

War blurs humanitarian focus in Libya (Washington Post) [ Wow! Call me naïve, but it's getting difficult … blurs? … as in fact from fiction … truth versus falsity … propaganda as opposed to reality … and then there's the no small task of keeping up with gates' positions.

Obama Sends Murder Incorporated to Libya Nimmo | The CIA specializes in overthrowing governments and orchestrating mass murder.

Secret Illegal War Of Aggression Has Been Raging In Libya For Weeks Watson | UN Resolution or no UN resolution, US and British spies have been coordinating war for oil for some time.

Al-Qaeda 100% Pentagon Run Infowars.com | [UPDATED].

Tarpley on Libya Rebels: A CIA Secret Army of al-Qaeda Terrorists RT | Libyan Rebels in Full, Chaotic Retreat New Yorker |

US set to give arms to Libyans SMH |

Are US Soldiers Using Rape, Murder, And Bombing Of Children As War Strategy? Mary Lynn Cramer Countercurrents.org 3-30-11 ...

With the reports of rape of women by US troops in Iraq (not to mention the alarmingly high rate of rape of women soldiers within the US military); the bombing of civilian wedding parties, children at play, and innocent villagers in their homes in Pakistan and Afghanistan, why is it that Amy has not headlined that “Murder And Rape Are Being Used By Obama And US Soldiers As Weapons of War”? (And who arrested those accused Libyan soldiers in Tripoli so quickly? It takes forever to get charges brought against American troops and contractors accused of rape, torture and murder in US occupied countries; and even then they most often go free.) ..

This is a video of several testimonies repeating the same lie about Iraqi soldiers killing babies in incubators as they fled Kuwait in 1990.

” A key event in generating momentum for the first U.S. War on Iraq, “Operation Desert Storm” was a fraudulent report of the murder of Kuwaiti babies by Iraqi soldiers...The girl relayed a shocking story while sobbing:

'… I saw the Iraqi soldiers come into the hospital with guns, and go into the room where . . . babies were in incubators. They took the babies out of the incubators, took the incubators, and left the babies on the cold floor to die.

The massacre never occurred. The girl was actually the daughter of a Kuwaiti emir, and had been coached by the public relations firm Hill and Knowlton to give persuasive false testimony.” ( How PR Sold the War in the Persian Gulf , by Stauber and Rampton) http://911review.com/precedent/decade/incubators.html ...'

At least 40 civilians dead in Tripoli strikes: Vatican official Reuters

Obama in Libya for long haul

Rangel: Obama Did Not Have Constitutional Authority to Act Unilaterally in Libya Without Congress’ Approval

Obama On Energy Sec Chu: “He Actually Deserved His Nobel Prize” Obama jokes about the fact that deep down he is a warmonger

The false choice (Washington Post) [ This truly is well said and needed sayin'. That Ms. Marcus said it in so kindly a way is forgivable if only because of the expected cordiality of the forum. The truth is, I believe it's no longer just the false choices. I further believe the american electorate is snookered virtually all of the time, and has been so for quite some time with pronounced recognition of same with the last two failed presidents particularly. Thus, I conclude that the american political system has become so fatally flawed that it must be deemed broken and unfixable. After all, america is ever more widely known to be pervasively corrupt and as well, defacto bankrupt. This sad state of affairs precludes that somewhat amorphous conclusion attendant to an unknowing shrug of the shoulders and nonsequitur; viz., they must be doing something right … No they are not! / Then there is the b* s* concerning treasury turning a profit on the (ongoing fed / pomo / wall street) bailouts that taxpayers have and will continue to pay for in higher prices from oil to grains to other commodities to fewer jobs, now and in the future. There is no modern day alchemy that 'spins more paper into gold'. That value has to come from some place; viz., you! M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you / ' ...The Fed has injected $500 billion (another $7B in POMO Wednesday) to the financial system since January 2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to close things out puts a smile on investors' faces and bonuses in portfolio managers' pockets. Painting the tape and window dressing is against the law … ’ 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed Reserve is or why it is at the heart of our economic problems...most of them still blame either the Democrats or Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. ]

Europe financial problems deepen (Washington Post) [ Yet you'd think, and that they expected you to think, with all the 'bread and circuses', schemin', and perpetual war as here in pervasively corrupt, defacto bankrupt america that everything was just 'hunky-dory'. That the eu's financial problems were solved was touted to the tune of about a 1,000 points on the DOW over the course of just days. We Are Looking at Trillion-Dollar Plus Annual Interest Payments on U.S. Debt Owens Krugman: We’re Going To Have To Default On Our Debt One Way Or Another Some dour commentary from Paul Krugman this morning on the implications of our monster debt. Harry Dent Warns Major Crash Is Coming! 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...
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).

J. P. Morgan Wants $5 ATM Charge CNBC.com |

Poll: Obama’s approval hits new low Politico | Half of the registered voters surveyed for the poll think that the president does not deserve a second term in office.

Why your local Hospital could soon shut down (Ad)

European Central Bank Set to Raise Interest Rates Before Fed Reuters |

OPEC Could Reap $1 Trillion This Year National Journal |

Fragile Budget Talks Resume as Parties Trade ‘Extreme’ Label Fox |

The Fed Releases Thousands Of Secret Bailout Docs In The Least Transparent Way Possible The Federal Reserve on Thursday released the names of banks that borrowed from its main emergency lending facility during the financial crisis after having run out of legal appeals to block publication.

A List Of 28 Things That Will Make You Realise That There Is Something Seriously Wrong With This Country

China economist blasts dollar dominance on eve of G20 Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system. ]

Portugal discloses new and larger budget deficits for last year, and Ireland says its banks need tens of billions of dollars in additional capital. The fresh round of bad news is likely to further shake confidence in Europe’s ability to resolve its lingering financial problems anytime soon.

Jeff Immelt faces major PR crises (Washington Post) [ Well, here's my experience in this suburb to new york, GE's home-state of connecticut which they dominate: RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] … GE chief executive is under heat as he addresses tax issue, nuclear technology.

Frauds/Liars (sic-lawyers)Covering Up for Other Frauds/Liars (sic-lawyers). In Productive Societies as China, Japan List of Files Regarding Filed Attorney Grievance Against Fraud coan et als

Or Here For A Clearer View Of Filed Grievance Complaint, Response, Exhibits, and Related RICO Filings

Note the Committee of Frauds/Liars (sic-lawyers). Included are DOJ Rep., State Court Rep., State Atty. General Office Rep., and even a Vegetable Garden yale law prof who probably never practiced law in his life. How Pathetic!

On NBC, the missing story about GE (Washington Post) [ Ya think! … Seriously though, this is as important a story as can be since these scenarios have been a significant problem for the pervasively corrupt, defacto bankrupt u.s. for quite some time. After all, there are no Washington Posts in the Northeast to cover their denizens quite like the Washington Post fearlessly covers theirs (ie., that not too long ago story of the ubiquity of top level clearances, 'cia ops / covers' (real estate / businesses), in the Washington metropolitan area, literally putting their lives on the line so to speak. In the northeast, sinkholes new york (they even did a book 'The Wall Street Gang' and movies, ie., 'Gangs of New York', fact-based 'Goodfellas', etc.) / mob infested jersey (I've not been to chicago, but count them in here) particularly, it's what is not said that invariably stands out to the substantial detriment of the rest of the nation. The day in, day out continued churn and earn wall street fraud at a total cost yet to be fully realized by the rest of the nation to support those lavish / overly high-cost lifestyles will not make for front-page reading in the wall street journal, new york times, etc., nor the lead story if at all on the 6 / 11 o'clock news. Therein lies the rub, and the need for alternate media sources so castigated and belittled by the main-stream news media, particularly in those regions which have a lot to hide (and not talk about). Sadly, the internet is increasingly targeted toward the end of silencing those who brave to tell the truth. One might hope that The Washington Post might enter the televised news sphere with waivers based on national need.] “NBC Nightly News” didn’t report on the fact that its parent company paid no federal taxes last year.

Documents shed light on Fed lending (Washington Post) [ Au contraire … far from shedding light, the fed remains a significant part of pervasively corrupt, defacto bankrupt america's problems and should be abolished, including their ability to print fiat currency facilitating their fraudulent, destructive machinations in favor of the frauds on wall street and to the detriment of the nation. Light Volume Rally Continues: Dave's Daily ' ...The Fed has injected $500 billion (another $7B in POMO Wednesday) to the financial system since January 2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to close things out puts a smile on investors' faces and bonuses in portfolio managers' pockets. Painting the tape and window dressing is against the law … ADP data has misled before but Wall Street is awash with cash from on high and finds little other place to invest beyond stocks...' M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you’ … 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. The Economic Collapse ] The Fed lent vast sums of money to banks during the financial crisis, documents show.

Bulls Look Ahead to Inflation: Dave's Daily 'Stocks ended the quarter with a whimper. Bulls were able to "stick" a good return and portfolio managers will earn their bonuses. Most news surrounded rising commodity prices (grains and energy--you know, the stuff we don't measure and are supposed to ignore), a negative inflation outlook from WMT and the Buffett compliance breakdown. Meanwhile Minneapolis Fed President Narayana Kocherlakota cautioned interest rates will be higher by the end of the year. He's far off team talking points it seems--or, is he? Nevertheless, all eyes are focused on Non-farm Payrolls report set for Friday. Volume again was ultra-light as it's been all week so those that can prop it had a field day. Per the WSJ breadth remains positive. This will push the $NYMO (see end of posting) close to short-term overbought conditions...'

Then there is the b*** s*** concerning treasury turning a profit on the (ongoing fed / pomo / wall street) bailouts that taxpayers have and will continue to pay for in higher prices from oil to grains to other commodities to fewer jobs, now and in the future. There is no modern day alchemy that 'spins more paper into gold'. That value has to come from some place; viz., you! Light Volume Rally Continues: Dave's Daily ' ...The Fed has injected $500 billion (another $7B in POMO Wednesday) to the financial system since January 2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to close things out puts a smile on investors' faces and bonuses in portfolio managers' pockets. Painting the tape and window dressing is against the law … ADP data has misled before but Wall Street is awash with cash from on high and finds little other place to invest beyond stocks...' M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you’ … 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. The Economic Collapse]

Will ISM Peak Portend Doom for Stocks? Iacono 'Add this to the growing list of data points foretelling a rough road ahead for stocks, last month’s 27-year high for the ISM Manufacturing Index apparently a sign of a top for equity markets as detailed in this Chart of the Day [ http://www.bloomberg.com/news/2011-03-29/manufacturers-signal-u-s-stock-rally-to-fade-chart-of-the-day.html ] at Bloomberg Along with the monthly labor report – where hopes are high that payroll gains will keep pace with the growth in the U.S. population for the second month in a row – the latest ISM data will be released tomorrow, a rare occurrence when these two important gauges of the U.S. economy are reported on the same day, possibly producing a little extra market volatility.' [ ' U.S. manufacturers are signaling that a two-year surge in stocks may give way to smaller gains, according to Jeffrey Kleintop, chief market strategist at LPL Financial Corp. The CHART OF THE DAY compares the Institute for Supply Management’s manufacturing index, based on a monthly survey of corporate purchasing managers, with the year-to-year percentage change in the Standard & Poor’s 500 Index. February’s ISM reading of 61.4 matched its peak in May 2004, which in turn was the highest level since 1983. The March figure will be published on April 1, and economists surveyed by Bloomberg anticipate a drop to 61 on average. Readings of more than 50 signal growth. “With momentum in the ISM at or near a peak, stock-market performance is likely to soften,” Kleintop wrote yesterday in a report. He cited the S&P 500’s performance before and after nine highs in the manufacturing gauge since 1976. In the first six months after the ISM topped out, the S&P 500 rose by an average of 1.3 percent. The comparable 12-month figure was 5.2 percent, far from the 18 percent average during the preceding 12 months. “It would be (April) foolish to expect the powerful pace of gains over the past two years to continue,” Kleintop wrote. At yesterday’s close, the S&P 500 was 94 percent higher than its March 2009 low. High-yield bonds and commodities may be more rewarding than stocks “in the near future,” he added. To contact the reporter on this story: David Wilson in New York at [email protected] To contact the editor responsible for this story: James Greiff at [email protected] ' ]

Unemployment Claims: Headlines vs. Upward Revisions Short 'The Department of Labor's Unemployment Insurance Weekly Claims Report was released this morning for last week. As we saw in the previous week, the headline number is a decrease from the previous week (good news), but the previous week had been upwardly revised — in this case, double the headline decrease (the bracketed bold text below is my annotation). But check out the positive spin on CNBC and Bloomberg. Here is the official statement from the Department of Labor:

In the week ending March 26, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 6,000 from the previous week's revised figure of 394,000 [up 12,000 from 282,000]. The 4-week moving average was 394,250, a increase of 3,250 from the previous week's revised average of 391,000.

The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending March 19, unchanged from the prior week's unrevised rate of 3.0 percent.

The advance number for seasonally adjusted insured unemployment during the week ending March 19 was 3,714,000, a decrease of 51,000 from the preceding week's revised level of 3,765,000. The 4-week moving average was 3,765,250, a decrease of 32,750 from the preceding week's revised average of 3,798,000.

Today's number was above the Briefing.com consensus estimate of 383,000 claims. (Briefing.com's own estimate was for an extremely optimistic 370,000).

As we can see, there's a good bit of volatility in this indicator, which is why the 4-week moving average (shown in the callouts) is a more useful number than the weekly data. [chart http://static.seekingalpha.com/uploads/2011/3/31/saupload_weekly_unemployment_claims.png ] (Click to enlarge)

Occasionally I see articles critical of seasonal adjustment, especially when the non-adjusted number better suits the author's bias. But a comparison of these two charts clearly shows extreme volatility of the non-adjusted data, and the 4-week MA gives an indication of the recurring pattern of seasonal change in the second chart (note, for example, those regular January spikes). [ chart http://static.seekingalpha.com/uploads/2011/3/31/saupload_weekly_unemployment_claims_nsa.png ](Click to enlarge)

Because of the extreme volatility of the non-adjusted weekly data, a 52-week moving average gives a better sense of the long-term trends.

[chart http://static.seekingalpha.com/uploads/2011/3/31/saupload_weekly_unemployment_claims_nsa_52_ma.png ]
(Click to enlarge)

The Bureau of Labor Statistics provides an overview on seasonal adjustment here (scroll down about half way down). For more specific insight into the adjustment method, check out the BLS Seasonal Adjustment Files and Documentation.

The Reason There Is No Pent-Up Consumer Demand

Harry Dent Warns Major Crash Is Coming!

We Are Looking at Trillion-Dollar Plus Annual Interest Payments on U.S. Debt Owens Krugman: We’re Going To Have To Default On Our Debt One Way Or Another Some dour commentary from Paul Krugman this morning on the implications of our monster debt. Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.) , and my position and that of demographer Dent ( Prechter and many others are also in this camp although I believe he does not factor in sufficiently the debasement of the u.s. currency / dollar in arriving at his numbers which do however, at 1,000 on the DOW reflect real, as opposed to inflated values of 3-4,000 owing to the ever more worthless Weimar dollars which provides ‘spin material’ for the wall street frauds but is really quite ominous going forward, and very detrimental in real economic terms.) [This is a global depression. This is a secular bear market in a global depression. The past up move 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’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed.] [ The reason for the necessity of prosecution is founded in the circumstances surrounding and the mindset of what one would deem ‘antisocial personalities’ (disorders) ( I prefer the prior descriptor of such as psychopathic; the euphemistic ‘sociopathic’ was ‘far too understanding’ in my view of the social / environmental factors allegedly giving rise to such negative / destructive behaviors. I don’t buy it.) Specifically, accepted studies / findings have concluded that the essential defect in those with antisocial (psychopathic) personality disorders is an inability to respond normally to fear-inducing stimuli, leading in turn to an inability to inhibit responses that should, but, as with wall street, have not resulted in punishment. Thus, while I think most on wall street have proven themselves criminally insane (for the money, ie., Stewart, ‘Den of Thieves’ / ‘Liar’s Poker’, the most recent financial debacle / crisis, which continues to this day); at the least, owing to a lack of fear of prosecution / punishment, they have become defacto sociopathic / psychopathic. ] Krugman: It's All Downhill From Here Cullen Roche Love him or hate him Paul Krugman has been awfully right with regards to the macro picture in the last few years. He’s one of the rare economists who had the foresight to see the housing bubble and the likelihood of economic downturn that would result from it. Krugman recently caused a stir when he said the US economy was headed for the third depression. Here Are 13 Signs That We’re Actually In A Depression Right Now Gregory White** | David Rosenberg has outlined, in his latest letter, the 13 reasons with this so-called recovery is actually a depression… David Rosenberg has outlined, in his latest letter, the 13 reasons with this so-called recovery is actually a depression.Rosenberg sums it up like this:

This is what a depression is all about — an economy that 33 months after a recession begins, with zero policy rates, a stuffed central bank sheet, and a 10% deficit-to-GDP ratio, is still in need of government help for its sustenance.

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). ]

http://www.treasury.gov/resource-center/data-chart-center/interest-rates

J. P. Morgan Wants $5 ATM Charge CNBC.com | Higher ATM fees and other rising costs penalize small depositors.

Poll: Obama’s approval hits new low Politico | Half of the registered voters surveyed for the poll think that the president does not deserve a second term in office.

Why your local Hospital could soon shut down (Ad)

European Central Bank Set to Raise Interest Rates Before Fed Reuters | Change from the traditional pattern reflects the ECB’s greater preoccupation with inflation pressures.

OPEC Could Reap $1 Trillion This Year National Journal | OPEC is set to make a record-breaking $1 trillion in export revenues this year.

Fragile Budget Talks Resume as Parties Trade ‘Extreme’ Label Fox | Fragile budget negotiations have resumed on Capitol Hill.

The Fed Releases Thousands Of Secret Bailout Docs In The Least Transparent Way Possible The Federal Reserve on Thursday released the names of banks that borrowed from its main emergency lending facility during the financial crisis after having run out of legal appeals to block publication.

A List Of 28 Things That Will Make You Realise That There Is Something Seriously Wrong With This Country What in the world is happening to America? Perhaps you have asked yourself that question from time to time. Today it seems like everything is falling apart.

China economist blasts dollar dominance on eve of G20 Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.

Faber Expects QE3 From Fed ‘But Not Right Away’ Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for a third round of quantitative easing from the Federal Reserve, his investment strategy and the outlook for global stock and commodity markets. Faber, speaks with Matt Miller and Carol Massar

National / World

Obama Sends Murder Incorporated to Libya Kurt Nimmo | The CIA specializes in overthrowing governments and orchestrating mass murder.

Secret Illegal War Of Aggression Has Been Raging In Libya For Weeks Steve Watson | UN Resolution or no UN resolution, US and British spies have been coordinating war for oil for some time.

Al-Qaeda 100% Pentagon Run Infowars.com | Alex Jones addresses the multitude of evidence that al-Qaeda works for the Pentagon and the CIA [UPDATED].

Tarpley on Libya Rebels: A CIA Secret Army of al-Qaeda Terrorists RT | Rebel held territory in Libya the world capitol for jihadi terrorism.

Fukushima Radiation Double Chernobyl Outside Evacuation Zone Kurt Nimmo | Farming may become impossible near the crippled nuclear plant.

Man Obtains Obama’s Purported Social Security Number The Gazette | Foray into online Social Security data base reveals problems with Obama’s Social Security number.

Libyan Rebels in Full, Chaotic Retreat New Yorker | The second Libyan rebel advance didn’t last very long.

US set to give arms to Libyans SMH | The United States has paved the way for Libya’s rebel groups to be armed by the international community.

Are US Soldiers Using Rape, Murder, And Bombing Of Children As War Strategy? Mary Lynn Cramer | She was also seen pulling a battered and empty incubator behind her, yelling that Gaddafi forces had broken into the hospital maternity ward. Mary Lynn Cramer Countercurrents.org March 30, 2011 Amy Goodman’s Take on One Reported Rape Case in Tripoli, Libya: “Pro-Gaddafi Forces Accused of Using Rape as War Strategy”

“Some doctors in Libya have accused pro-Gaddafi fighters of using rape as a weapon of war. On Sunday, five men were arrested for raping and torturing a Libyan woman. The international press learned of the incident when the woman, Eman al-Obeidi, burst into a hotel full of foreign journalists in Tripoli. She was quickly detained by Libyan security officers. (http://www.democracynow.org/2011/3/28/headlines )

She was also seen pulling a battered and empty incubator behind her, yelling that Gaddafi forces had broken into the hospital maternity ward, pulled babies out of the incubators and thrown them on the ground, and stamped them to death…oh, sorry, that was another dramatized lie told to the US Congress to justify another grossly destructive invasion and slaughter of thousands by US air power in the Middle East.*

The doctors commenting on this single incident in Tripoli were no doubt the same romantic, pure and idealistic, pro-democracy “rebels” adored by DemocracyNow in their overtly sympathetic interviews with these courageous, US armed, financed, and supported fighters with radical Islamist, Al Qaeda, and CIA operative backgrounds….but why should we care who they are or where they come from or how they are armed? And Democracy Now will the the very last to do any serious questioning of this issue.)

If you find my commentary more offensive than Democracy Now’s lack of responsible, investigative journalism and Amy’s blatantly biased propaganda regarding Libya, that may be indicative of just of how little integrity is left in the so-called American Left.

This is a video of several testimonies repeating the same lie about Iraqi soldiers killing babies in incubators as they fled Kuwait in 1990.

” A key event in generating momentum for the first U.S. War on Iraq, “Operation Desert Storm” was a fraudulent report of the murder of Kuwaiti babies by Iraqi soldiers. On October 10, 1990, the U.S. Congressional Human Rights Caucus held a hearing on the subject of Iraqi human rights violations. The centerpiece of the event was the emotional testimony of a 15-year-old Kuwaiti girl, known only by her first name, Nayirah. Her full name was supposedly being kept secret to protect her from Iraqi reprisals. The girl relayed a shocking story while sobbing:

I volunteered at the al-Addan hospital. While I was there, I saw the Iraqi soldiers come into the hospital with guns, and go into the room where . . . babies were in incubators. They took the babies out of the incubators, took the incubators, and left the babies on the cold floor to die.

The massacre never occurred. The girl was actually the daughter of a Kuwaiti emir, and had been coached by the public relations firm Hill and Knowlton to give persuasive false testimony.” ( How PR Sold the War in the Persian Gulf , by John Stauber and Sheldon Rampton) http://911review.com/precedent/decade/incubators.html ...'

At least 40 civilians dead in Tripoli strikes: Vatican official Reuters | So-called humanitarian raids have killed dozens of civilian victims in some neighborhoods of Tripoli.

Webster Tarpley: Al Qaeda does US dirty work in Libya It’s been nearly two weeks since the US entered Libya and there is still no clear indication on who the rebels really are. Webster Tarpley, an investigative journalist says the US is supporting al-Qaeda, and racists on the ground. The world should ask America, “What are you doing arming and promoting al-Qaeda fighters in Libya?” he said.

NATO rules out arming Libyan rebels THE NATO chief Anders Fogh Rasmussen said today the alliance was opposed to arming the Libyan rebels fighting against Muammar Gaddafi.

Obama in Libya for long haul Writer and radio host Stephen Landman says the US is committed for the long haul and that American, British and French forces have actually been supporting the rebel forces for some time.

Rangel: Obama Did Not Have Constitutional Authority to Act Unilaterally in Libya Without Congress’ Approval Rangel says he would “like to believe” that members of Congress are looking into whether or not the President’s actions are an impeachable offense.

Obama On Energy Sec Chu: “He Actually Deserved His Nobel Prize” Obama jokes about the fact that deep down he is a warmonger that was ridiculously awarded a Nobel peace prize.

Modern America too close to 1933 Germany? Are corporate interests and big business taking over the US political system to a degree where it is inevitable democracy will become obsolete and ruin the entire system of American government?

America’s Planned Nuclear Attack on Libya A war on Libya has been on the drawing board of the Pentagon for more than 20 years.

The Congress is Obsolete Under The New World Order System There are probably many reasons why President Barack Obama didn’t bother to seek the approval of Congress before committing the U.S. military to an undefined mission in Libya, some of them may even be legitimate and reasonable, but none are more important and more alarming than the fact that the Congress is obsolete under the new world order system.

Japan’s Nuclear Rescuers: ‘Inevitable Some of Them May Die Within Weeks’ Workers at the disaster-stricken Fukushima nuclear plant in Japan say they expect to die from radiation sickness as a result of their efforts to bring the reactors under control, the mother of one of the men tells Fox News.

Smoke Rises from DIFFERENT Nuclear Complex … 7 Miles from the Leaking Reactors The same nuclear power plant operator that runs the Daiichi complex – Tepco – runs a separate nuclear complex 7 miles away, called Fukushima Daini. There are 4 reactors located at the Daini complex.

4 of 6 Daiichi reactors can’t be fixed (Washington Post) [ I continue to believe this to be a far more serious catastrophe with further reaching consequences, economically, financially, and otherwise than are being sloughed off by markets, pols, and media. It truly is sad to even think about what seem likely to be 'suicide jobs' but I must say I was incredulous regarding the $5,000 / day offer of recruitment for such workers (short-term? … for as long as they live?... Wow! … I immediately thought of skid row, the bowery, and admit to being somewhat ashamed for having done so.) Fukushima Nuke Plant Now in Full Meltdown Kurt Nimmo | Smoke was reported at a second nuclear power plant in Japan today.

Japan Considers Entombing Nuclear Plant as Workers Fight to Stop Radiation Bloomberg | Japan will consider entombing its crippled atomic plant in concrete.

Reactors now leaking plutonium into soil New York Post | “The situation is very grave,” Chief Cabinet Secretary Yukio Edano said today. ]Workers continue to endure soaring radiation levels as they work to stave off a full-scale meltdown.

Drudgereport: Obama 2002: Toppling a Brutal Dictator Is 'A Dumb War'...
OBAMA POLL HITS NEW LOW...
BLACK LAWMAKERS SUE TO DISSOLVE CITIES THAT ARE TOO 'WHITE'...
WANTED: U.S. workers for crippled Japan nuke plant...
CHERNOBYL SOLUTION: WORLD'S LARGEST CONCRETE PUMP DISPATCHED TO JAPAN
FLASHBACK: 'Chernobyl Solution' Once Considered Final, Worst Option...
OIL SOARS...
Crude climbs to highest since 2008...
Pump prices have doubled under Obama...
Highest March price ever...
WALMART chief warns of 'serious' inflation in coming months...
FUKUSHIMA 50: WE EXPECT TO DIE...
REPORT: Crew faces '100-year battle'...
Up to 1,000 bodies left untouched around plant...
Radioactivity 10,000 times limit found in groundwater...
Japan ignores UN, won't widen evacuation zone ...
EPA Says Radiation Found in U.S. Milk...
Radiation levels at nuclear plant reach new highs...
100,000X NORMAL...
Radioactive Water Extends One Mile Into Ocean...
Trace Amounts Found in Florida...
At the gates of stricken Fukushima nuke plant...
Radiation levels highest since crisis began...
'Bad Readings' Plague Effort...
Concern grows over sea contamination...
Tokyo blackouts to resume Monday...
Radioactivity detected in China...
And Nevada... And SC, Fla... And Mass...
Gaps in US radiation monitoring system revealed...
Four of EPA's 11 Sensors in CA Were Down...
Inflation worries push consumer confidence lower...
Home prices STILL falling in cities...
13% of all U.S. homes are vacant...
PAPER: Gaddafi envoy in Britain for secret talks...
NATO to Rebels: No Arms For You...
GATES: 'It’s pretty much a pick-up ballgame at this point'...
BLOODBATH: 40 civilians dead in Tripoli strikes...
REPORT: Obama sends in CIA teams to find out who rebels are...
Gadhafi's blonde lawyer daughter joins soldiers on front line...

4 of 6 Daiichi reactors can’t be fixed (Washington Post) [ I continue to believe this to be a far more serious catastrophe with further reaching consequences, economically, financially, and otherwise than are being sloughed off by markets, pols, and media. It truly is sad to even think about what seem likely to be 'suicide jobs' but I must say I was incredulous regarding the $5,000 / day offer of recruitment for such workers (short-term? … for as long as they live?... Wow! … I immediately thought of skid row, the bowery, and admit to being somewhat ashamed for having done so.) Fukushima Nuke Plant Now in Full Meltdown Kurt Nimmo | Smoke was reported at a second nuclear power plant in Japan today.

Japan Considers Entombing Nuclear Plant as Workers Fight to Stop Radiation Bloomberg | Japan will consider entombing its crippled atomic plant in concrete.

Reactors now leaking plutonium into soil New York Post | “The situation is very grave,” Chief Cabinet Secretary Yukio Edano said today. ]Workers continue to endure soaring radiation levels as they work to stave off a full-scale meltdown.

Drudgereport: Obama 2002: Toppling a Brutal Dictator Is 'A Dumb War'...
OBAMA POLL HITS NEW LOW...
EPA Says Radiation Found in U.S. Milk...
Radiation levels at nuclear plant reach new highs...
100,000X NORMAL...
Radioactive Water Extends One Mile Into Ocean...
Trace Amounts Found in Florida...
At the gates of stricken Fukushima nuke plant...
Radiation levels highest since crisis began...
'Bad Readings' Plague Effort...
Concern grows over sea contamination...
Tokyo blackouts to resume Monday...
Radioactivity detected in China...
And Nevada... And SC, Fla... And Mass...
Gaps in US radiation monitoring system revealed...
Four of EPA's 11 Sensors in CA Were Down...
Inflation worries push consumer confidence lower...
Home prices STILL falling in cities...
13% of all U.S. homes are vacant...

In Washington, what’s not said can be a powerful (Washington Post) [ One can only hope that what's not said is not what's not smart ...

AT&T’s lobbyists well positioned (Washington Post) [ The ultimate regression. You'd think that with all the negative fallout / consequences from unbridled k street lobbying, that such a scenario as this could not be … yet in pervasively corrupt, defacto bankrupt america, 'it is!' … AT&T, T-Mobile USA merger deal questioned (Washington Post) [ Questioned? Is that all? att / sbc is a horribly managed company that can't even do the simplest things well; ie., land lines and dsl thereby, my direct experience. We've seen this all before. When they can't do, they go monopoly bigger with disasterous results. This is an old story with a familiar ending.] A day after AT&T announced it would buy T-Mobile USA to create the biggest wireless carrier in the country, consumer advocates and some members of Congress blast the deal.

Merger a disconnect for consumers (Washington Post) [ Yeah! True enough! I had to drop my land line (att/sbc – jersey/bushland) which I kept for the public listing and which became disfunctional / unusable to the point where it was impacting my DSL line; both of which I dropped in favor of MagicJack (I recommend it) and Time Warner Cable / Internet (also better). Deal to combine AT&T, T-Mobile raises questions (AP) [Questions? Is that all? att / sbc is a horribly managed company that can't even do the simplest things well; ie., land lines and dsl thereby, my direct experience. We've seen this all before. When they can't do, they go monopoly bigger with disasterous results. This is an old story with a familiar ending. AP - AT&T's surprise announcement that it plans to acquire T-Mobile USA will force federal regulators to confront a difficult antitrust question: Can American consumers get good wireless service at a ... ] OPINION | Your choice for wireless service would get smaller should AT&T carry out its plan to buy T-Mobile USA. ] Firm confident it will win over regulators to its bid to buy T-Mobile USA, even as critics continue to bash the deal. Here's that other story of what's 'unsaid' being very costly to the nation : On NBC, the missing story about GE (Washington Post) [ Ya think! … Seriously though, this is as important a story as can be since these scenarios have been a significant problem for the pervasively corrupt, defacto bankrupt u.s. for quite some time... (0 taxes paid)'

] A call by lawmakers for a careful review of AT&T’s proposed acquisition of T-Mobile is really more code language for something else, analysts say.

CIA operatives in Libya to gather intel on rebels (Washington Post) [ Well, that's a plan … albeit after the fact … but, as that old saying goes … 'better late than never' … but it's still the 'what' that obscurely remains somewhat of a mystery ... Al-Qaeda 100% Pentagon Run Infowars.com | There is plenty of evidence al-Qaeda works for the Pentagon and the CIA. Former Libyan Al Qaeda Leader Says There Are 1000 jihadists Amongst Rebels Steve Watson | US, UK still want to supply them with weapons. Constitutional Problems with the Libyan War Ron Paul | The costs of this terrible mistake cannot be ignored. Obama Raises American Hypocrisy To A Higher Level Paul Craig Roberts | Gadhafi is being demonized while Bush/Cheney/Obama are sitting on their high horse draped in cloaks of morality. Reuters: Obama Signs Secret Order Authorizing Covert CIA Support For Libyan Rebels Obama has signed secret order authorizing covert US govt support for rebel forces in Libya, officials tell Reuters. Poll: Obama’s approval hits new low President Barack Obama’s approval rating and prospects for reelection have plunged to all-time lows in a Quinnipiac University poll released Wednesday. Americans worried about Libya conflict: poll A new poll published on Wednesday found nearly half of Americans were opposed to US military involvement in Libya, reflecting tricky political ground being navigated by President Barack Obama. ] The Obama administration has sent teams to gather intelligence on the identity, goals and progress of rebel forces, according to U.S. officials.

Twice a victim of retail violence (Washington Post) [ True americana … highest crime rates in the world by far, even not counting major crimes as on wall street with impunity sounding in corrupt immunity. Though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY (america’s No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

Financialization and Our Increasingly Unstable Economy Roche ‘.. I highly recommend it to anyone... It will certainly infuriate you...excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown.

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money

http://www.albertpeia.com/insidejob.flv

China’s criticism of Fed may get little traction at G-20 meeting (Washington Post) [ Yeah … China's a bit too rational to be given much of an ear by the corrupt, warring, defacto bankrupt euro-american luNATOns who are also too busy manufacturing 'paper' (fiat currency / 'securities') … Yet, others have taken notice … This Fed Governor ADMITS the Federal Reserve is Anti-Capitalistic [ No surprise here … the fed has literally destroyed the american free enterpise, capitalist system in favor of the frauds on wall street to the detriment of this and many other nations. ] WSCS 3-30-11

'There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen… the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.

–Frederic Bastiat Light Volume Rally Continues: Dave's Daily ' ...The Fed has injected $500 billion (another $7B in POMO Wednesday) to the financial system since January 2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to close things out puts a smile on investors' faces and bonuses in portfolio managers' pockets. Painting the tape and window dressing is against the law … ADP data has misled before but Wall Street is awash with cash from on high and finds little other place to invest beyond stocks...' M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you’ … 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. The Economic Collapse]

Light Volume Rally Continues: Dave's Daily ' It may be it's the stupid person that fights this trend reversal. The Fed has injected $500 billion (another $7B in POMO Wednesday) to the financial system since January 2011 and that wave of liquidity is overwhelming most thoughtful analysis. So, give it up to the beard! Sure it's the end of the quarter and a jam-job to close things out puts a smile on investors' faces and bonuses in portfolio managers' pockets. Painting the tape and window dressing is against the law but show me someone who's been caught. ADP data indicated job growth for Thursday's Jobless Claims data and Friday's all important Unemployment report. ADP data has misled before but Wall Street is awash with cash from on high and finds little other place to invest beyond stocks. Bull's are betting on a good report to close out the week, and if not, they're just April Fools. Only a hardy few are pumping this market higher as volume remains ultra-light. Of course, volume data isn't on your monthly brokerage statement since that would only confuse you, right? No, TPTB just wants you to see higher prices to boost your confidence...' Chemist charged with insider trading (Washington Post) [ This remains incredulous to me. Everyone but the big boys / frauds! Not just corruption, but bad time /resource management. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed (this would also help significantly the hapless, hopeless budget scenario). Drop in home prices raises fear of double dip (Washington Post) [ Fear of double dip? We're in a continuing dip that never really ended with obfuscations of reality including more insurmountable debt and fed-based manipulations (Dave explains infra) Case-Shiller Chairman: Here’s Why the Housing Market Recession is Not Over Wall St Cheat Sheet 'Welcome to 2003! The S&P Case-Shiller Home Price Index 10-City Composite was down 2% and the 20-City Composite fell 3.1% in January on a year-over-year basis. On a monthly basis, the 10-City Composite was down 0.9% and the 20-City Composite fell 1.0% in January versus December 2010.San Diego and Washington D.C. were the only two markets to record positive year-over-year changes. However, San Diego was up a scant 0.1%, while Washington DC posted a healthier +3.6% annual growth rate. The same 11 cities that had posted recent index level lows in December 2010, posted new lows in January.

David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s commented:

“Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future. With this month’s data, we find the same 11 MSAs posting new recent index lows. The 10-City and 20-City Composites continue to decline month-over-month and have posted monthly declines for six consecutive months now.These data confirm what we have seen with recent housing starts and sales reports. The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery . At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing. ..., but both series have moved closer to a confirmed double-dip for six consecutive months. At this point we are not too far off, and that is what many analysts are seeing with sales, starts and inventory data too...' M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ ] False / fake data / reports galore … High oil price rally! Come on! What total b*** s***! Previous rally sparked by upward revision of GDP by the scandal-scarred commerce department? You can’t believe anything these desperate self-servers say! This manipulated bubble in this secular bear market based on b*** s*** alone and today’s suckers’ rally on more bad/worse than expected news (consumer confidence down) provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! Fed to hold regular news conferences (Washington Post) [ Wow! Just what everyone needed … more spoon-fed b*** s*** / jawboning by the flawed, flatulent, faultful fed … for the sake of fraudulent wall street … you do remember those 'no-recession' jawbone sessions that sent the prior bubble expanding faster than 'the big bang' itself … until every got and continues to get banged from the last bubble-fraud crash. Chairman Bernanke’s move is part of efforts by the central bank to make the institution appear less secretive. States target jobless benefits (Washington Post) Durable goods (leading indicator) 200% worse than expected, stocks rally. ‘ February Durable Goods Orders Disappoint NEW YORK (TheStreet) Bharatwaj …’ This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Looking Like A Good Time To Sell Into Strength - Harding BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ] The government charged a chemist at the Food and Drug Administration Tuesday with insider trading.

5 Reasons to Be Bearish About the Market The Dividend Guy '... as economists say, there are a few clouds on the horizon:

Bearish Reason #1: Inflation in China

Considering their current economic growth, inflation in China is just normal. However, since China’s inflation is around 5% lately, rumors of interest rate increases and protectionism rise along with inflation (look at the graph, click to enlarge).

[chart http://static.seekingalpha.com/uploads/2011/3/30/saupload_china_inflation.png ]

Since emerging markets growth (led by China & Brazil) is supporting the world’s economy, any news about restricting their economic pace will be bad news for North American stock markets.

Bearish Reason #2: Catastrophe and politics

You have seen what happened in Japan (catastrophe), Egypt and Libya (politics). When we hear about catastrophe, we think about economic slowdown. Uncertainty in both cases (catastrophe & political instability) has not been the best friend of the stock market. I guess this is why we saw a slump in the stock market each time we hear bad news about other countries.

Bearish Reason #3: Oil and other commodities’ prices rising

Speaking of which, political instability in Arab countries will obviously push the price of oil to higher levels. This is not a good thing for the overall economy as the cost of oil acts like a “natural” tax on the pockets of each individual. More tax = less money to spend = less economic growth. Obviously, investors don’t want to see that either.

Bearish Reason #4: Europe and their tight budgets

Another reason why the world’s wallet seems smaller is the austerity measures in several European countries. While they live like irresponsible teenagers being sponsored by their parents, some of them have to face the results of their oversights. Generous social programs, pension plans and a lack of rigor in the tax authorities combined created a huge gap in the Governments’ budgets. They are currently cutting everywhere and there is nothing to help consumers’ spending! Here’s a picture illustrating how indebted some countries are (click to enlarge):

[chart http://static.seekingalpha.com/uploads/2011/3/30/saupload_european_debts.png ]

Bearish Reason #5: US employment and housing prices

If you look at the US unemployment rate, you will notice that while the situation is better, we are hardly seeing an employment boom (click to enlarge):

[ chart http://static.seekingalpha.com/uploads/2011/3/30/saupload_us_unemployment_rate.png ]

This is the same thing when we consider new construction (596,000 annualized as of March 2011 vs 2,100,000 at its peak a few years ago). In order to see the US market become more bullish, we will need stronger numbers from both employment and new construction in upcoming months.

Final thoughts: Bullish or Bearish?

As I have mentioned before, I do think that we will have a bullish 2011. However, it won’t be without market fluctuations. I think that we will have a strong VIX (volatility index)… and this will only create more investing opportunities .'

This Fed Governor ADMITS the Federal Reserve is Anti-Capitalistic [ No surprise here … the fed has literally destroyed the american free enterpise, capitalist system in favor of the frauds on wall street to the detriment of this and many other nations. ] Wall St Cheat Sheet On Wednesday March 30, 2011, 12:23 pm EDT

–Frederic Bastiat (1801-1850)

Nothing defined Alan Greenspan’s tenure as chairman of the Federal Reserve Bank more than his wholehearted embrace of capitalism . With early roots in his 30-year association with the novelist and philosopher Ayn Rand , that faith grew into an unconstrained confidence in the free market and deregulation to steer the economy and ward off crises.

According to a current Fed governor, however, both Greenspan’s Fed and the Fed today have not been the stalwarts of capitalism that the Maestro believed them to be.

On March 7th, I had the great pleasure of listening to Thomas Hoenig speak at the Colorado CFA Society forecast dinner. Hoenig, the only member of the Federal Reserve Board of Governors who I respect, is the board’s lone rational dissenting voice.

After his speech, a lengthy Q&A, and a short conversation with him, I left the event even more impressed with him.

Hoeing was equally critical of both the Fed’s zero-interest rate policy and of QE2 . He said these policies encourage speculation and don’t allow for price discovery, and consequently they lead to imbalances, unintended consequences, and misallocation of resources.

He said it is important to judge QE2’s success over the right time frame, one long enough to encompass not just its stimulative benefits but also its consequences. (In other words, there is a good reason why we don’t judge steroids solely based on what they do for an athlete’s performance during the race, ignoring the strokes and other health problems they often cause after the race).

Throughout his speech, Hoenig warned that there are no shortcuts to greatness in monetary policy. The Fed’s intervention in the economy will have unintended consequences, and it is impossible to know where they’ll show up. For example, Hoenig recalled that the Fed lowered the interest rate to 1% in 2003 and, though the economy was improving, kept rates low levels for over a year in order to bring unemployment below 6.5%. The asset bubble that deflated in the financial crisis (NYSE:XLF) resulted, and today unemployment is 10%.

Hoenig’s comments are extremely important. I too believe that the Fed’s actions in 2003 played a very large role in the subsequent real estate bubble (NYSE:IYR), financial crisis, and today’s high unemployment, but this was the first time I’ve heard such an admission come directly from a Fed governor. To the contrary, Greenspan has been outspoken in denying the role he and the Fed played in the crisis.

Hoeing said he questions whether quantitative easing , which failed in Japan (NYSE:EWJ), will work in the US (NYSE:SPY). He bluntly stated that too-big-to-fail financial institutions like Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), JPMorgan Chase (NYSE:JPM), and others should be broken up. (I argued that point in this article.) Commercial banks are in charge of our domestic and international payments system, but their access to FDIC insurance and the Fed’s discount window (use of which swelled from $900 million to $3 trillion over the last two years), constitutes “an enormous protection” to the financial sector, encouraging risk-taking through an implicit guarantee in the event of a crisis or failure.

Smaller institutions that don’t have access to the Fed’s fund window have to compete in that space, and they start behaving and taking risks as if they have access to the window. The walls between commercial and investment banks have been demolished, Hoenig argued, and the two functions within banks (NYSE:XLF) are now joined at the hip. In the wake of this crisis, Hoeing said we did the same things we did after previous crises: added supervision and regulation and raised capital requirements. But history suggests that as time goes by we’ll forget about the crisis and history will repeat itself, he said – unless we break up too-big-to-fail institutions.

It is a fundamental tenant of American capitalism that central planning of economies doesn’t work in the long term, whether in Soviet Union historically or in China (NYSE:FXI) today. But I often wonder: How is the Fed’s Board of Governors – the proverbial 12 guys in a room – any different than the 24 guys in a room who make up the Chinese politburo? The non-democratic Chinese may have a few more levers to push – an ability to force banks to lend, for example – but short of that, how is the Fed’s micromanagement of interest rates any different from China’s? After Hoenig came off the stage, I posed the question to Hoenig, and I asked him point-blank whether the Federal Reserve is an anti-capitalistic entity.

To my shock, Hoenig agreed with me: The Fed is anti-capitalistic.

I went further. In the midst of the 2008 financial crisis, to prevent the freezing up of the US financial system and possible bank runs, the Fed put in place QE1 – it purchased over a trillion dollars of mortgage and agency debt. Like J.P. Morgan (NYSE:JPM) in the pre-Fed era, the Fed was the lender of last resort. But QE2 is drastically different from QE1, because the banking system is far from choking, and now the Fed’s goal is to lower unemployment and grow the economy at a higher rate (here is my article on QE2).

I asked Hoenig if he thinks the Fed should stick to its mission as lender of last resort, as it was during QE1, letting the free market set interest rates. He looked at me with an expression that implied he couldn’t have said it better himself and agreed.

I am very familiar with confirmation bias, our desire to seek out people with whom we agree. But Hoenig is not your usual person; he is member of the Federal Reserve Board of Governors , and he disagrees with almost everything that institution does.

Hoeing’s courage and principled vision elevate him to the status of a “good economist,” as defined by Frederic Bastiat over 150 years ago. Let’s hope that his voice, in a room full of bad economists, does not fall entirely on deaf ears.

Vitaliy N. Katsenelson, CFA, is a portfolio manager/director of research at Investment Management Associates in Denver, Colo. He is the author of The Little Book of Sideways Markets. You can read more at his blog Contrarian Edge.

Don’t Miss: Exclusive Interview: How to Succeed in Sideways Markets – with Vitaliy Katsenelson.'
Caught On Tape: Fed Admits It is Private Knox Harrington | The Federal Reserve banking cartel is in fact a PRIVATE entity, and NOT Federal at all. 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. The Economic Collapse
March 30, 2011

Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. But the truth is that the institution with the most power over our economic system is the Federal Reserve. So exactly what is the Federal Reserve? Most people would say that it is an agency of the federal government. But that is absolutely not true. In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government. Rather, the Federal Reserve is a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress. This privately-owned central bank has been destroying the value of the U.S. dollar for decades, it has run our economy into the ground and it has driven the U.S. government to the brink of bankruptcy. The Federal Reserve operates in great secrecy, it has never been subjected to a comprehensive audit and it is not accountable to the American people. Yet the decisions that the Federal Reserve makes have a dramatic impact on the lives of every single American citizen.

If you really want to understand what is causing our economic problems, it is absolutely crucial that you understand exactly what the Federal Reserve system is and how it is systematically destroying our economy. Once you understand the truth about the Federal Reserve, you will view economic issues a whole lot differently.

The following are 19 reasons why the Federal Reserve is at the very heart of our economic problems….

#1 The Federal Reserve system is a debt-based financial system.

The way our system is designed, normally no money comes into existence without more debt being created.

But this creates a huge problem, because when a new dollar is created, the interest owed to the banking system on that dollar is not also created at the same time.

Therefore, the amount money that is created is not equal to the larger amount of debt that is also created.

This is a Ponzi scheme that is designed to drain wealth from the American people and transfer it to the banking system.

Today, the amount of debt in our economic system is far, far, far greater than the total amount of money.

The only way to keep the game going is to create even more money which creates even more debt.

#2 The Federal Reserve and the bankers have a monopoly on the creation of this debt-based money.

In the United States today, the only people that can create money are the bankers.

You cannot create money.

You would go to jail if you tried.

Even the U.S. government cannot create money.

Although the U.S. Constitution specifically gives Congress the power to create money, the U.S. Congress has given that power to the Federal Reserve and to the banking system.

This gives them an enormous amount of power.

So how does money creation actually work?

Most Americans don’t understand this.

As I have written about previously, the way our system is designed is that all money is supposed to originally come into existence as government debt….

When the government wants more money, the U.S. government swaps U.S. Treasury bonds for “Federal Reserve notes”, thus creating more government debt. Usually the money isn’t even printed up – most of the time it is just electronically credited to the government. The Federal Reserve creates these “Federal Reserve notes” out of thin air. These Federal Reserve notes are backed by nothing and have no intrinsic value of their own.

The Federal Reserve then sells these U.S. Treasury bonds to investors, other nations (such as China) or sometimes they “sell” them back to themselves. In fact, the Federal Reserve has been gobbling up a whole lot of U.S. Treasuries lately. Some refer to this as “monetizing the debt”, but that is not quite an accurate statement.

When the Federal Reserve creates money this way, it does not also create the money to pay the interest on the debt that has been created. Eventually this puts pressure on the U.S. government to borrow even more money to keep the game going. So what this creates is a spiral where the U.S. government must keep borrowing increasingly larger amounts of money, where the money supply is endlessly expanding and where the value of the U.S. dollar is destined to continue going down forever.

Once “Federal Reserve Notes” are in circulation, there is another way that money is created.

It is called “fractional reserve lending”.

Once you or I deposit money into a bank, the bank is only required to keep a very small amount of it actually in the bank. The rest of it the bank can loan out to others (at interest of course). This process can be repeated over and over and over, creating more money and an even larger amount of debt.

But the important part to take away from all this is that normally money is only created when debt is created, and the amount of debt to be paid back is always larger than the amount of money created.

This entire system is designed to drain our wealth and to put it into the hands of the bankers.

#3 The power of money creation and debt creation is in the hands of private individuals – not the government.

The Federal Reserve claims that it is an “entity within the government, having both public purposes and private aspects.”

That sounds so reasonable, but the truth is that the Federal Reserve is a legalized banking cartel that is privately-owned.

In fact, the Federal Reserve is about as “federal” as Federal Express is.

In defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve objected by declaring that it was “not an agency” of the U.S. government and therefore it was not subject to the Freedom of Information Act. It is kind of funny how Fed officials are always talking about how important their “independence” is, but whenever anyone starts criticizing them for being private they start stressing their ties with the government.

So who owns the Federal Reserve?

As the Federal Reserve’s own website describes, it is the member banks that own it….

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

In particular, as we will see below, the banks of the New York Federal Reserve have the most influence over the system.

So who owns the member banks?

Well, when you trace the ownership of the member banks to the very top you find that the international banking elite are very strongly represented.

#4 The Federal Reserve itself is not much of a profit-making institution. Rather, it is a tool that enables others to make obscene amounts of money.

There are many that think of the Federal Reserve as an evil profit-making machine. But the truth is that the Fed doesn’t make that much money. Rather, the system was set up so that others could make an obscene amount of money from U.S. government debt.

Many of those opposed to the Federal Reserve point to the record $80.9 billion in profits that the Federal Reserve made last year as evidence that they are robbing the American people blind. But then those defending the Federal Reserve will point out that the Fed returned $78.4 billion to the U.S. Treasury.

In the end, those numbers are not nearly as important as the hundreds of billions of dollars in interest that are made off of U.S. government debt each year.

If the U.S. government had been issuing debt-free money all this time, the U.S. government would likely not be spending one penny on interest payments. Instead, the U.S. government spent over 413 billion dollars on interest on the national debt during fiscal 2010. This is money that belonged to U.S. taxpayers that was transferred to the U.S. government which in turn was transferred to wealthy international bankers and other foreign governments.

This is where the magic of the Federal Reserve system is. It is in getting the U.S. government enslaved to debt and using that debt to transfer hundreds of billions of dollars of our wealth into the hands of others.

As interest rates go up, this phenomenon is going to become even more brutal. Right now it is being projected that the U.S. government will be paying900 billion dollars just in interest on the national debt by the year 2019.

As you fill out your tax return this year, just keep in mind that vast quantities of our money is going to pay interest on debt that the U.S. government never needed to become enslaved to.

There are some very happy people out there that are becoming fabulously wealthy at our expense.

What a system, eh?

#5 The Federal Reserve is a perpetual debt machine.

As mentioned above, the U.S. government is enslaved to debt.

So how did it get enslaved?

Well, instead of printing up and spending the money that it needs, the U.S. government borrows it through the Federal Reserve system at interest.

In fact, as noted above, the U.S. government cannot create a single new dollar without borrowing it.

But each new dollar that the U.S. government borrows creates more than a dollar of new debt.

As a result, the government eventually has to collect more in taxes than what it has borrowed.

This phenomenon creates an endless debt spiral.

And is that not what we have in the United States today? In fact, you see this in almost every nation on earth where a similar central banking system has been established.

Did you know that the U.S. national debt is more than 5,000 times larger than it was 100 years ago?

That’s right – back in 1910, prior to the passage of the Federal Reserve Act, the national debt was only about $2.6 billion.

The only way that the U.S. government can inject more money into the economy is by going into more debt. But when new government debt is created, the amount of money to pay the interest on that debt is not also created. In this way, it was intended by the international bankers that U.S. government debt would expand indefinitely and the U.S. money supply would also expand indefinitely. In the process, the international bankers would become insanely wealthy by lending money to the U.S. government.

However, things did not have to turn out this way.

If the Federal Reserve had never been created, and the U.S. government had been issuing debt-free currency all this time, it is entirely conceivable that we would have absolutely no federal government debt at this point.

Unfortunately, we are now trapped in a debt-based system.

The U.S. national debt simply cannot ever be paid off. U.S. government debt has been mathematically designed to expand forever. It is a trap from which there is no escape.

Sadly, we have now gotten to a terminal phase of the debt spiral. The Congressional Budget Office is projecting that U.S. government debt held by the public will reach a staggering 716 percent of GDP by the year 2080. Remember when I used the term “debt spiral” earlier? This is what a debt spiral looks like….

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#6 The Federal Reserve system is designed to cause inflation.

As U.S. government debt expands at an exponential pace, it inevitably causes inflation.

Most Americans believe that inflation is a fact of life, but the truth is that the United States has only had a major, ongoing problem with inflation since the Federal Reserve was created back in 1913.

Sadly, the U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created.

If the Federal Reserve did not exist, it is theoretically conceivable that we could have an economy with little to no inflation. Of course that would greatly depend on the discipline of our government officials (which is not very great at this point), but the sad truth is that our current system is always going to produce inflation. In fact, the Federal Reserve system was originally designed to be inflationary. Just check out the inflation chart posted below. The U.S. never had massive problems with inflation before the Fed was created, but now it is just wildly out of control….

#7 The Federal Reserve has decided to play bizarre games with our money supply.

In a desperate attempt to revive the dying U.S. economy, the Federal Reserve has resorted to chucking gigantic quantities of cash into the financial system.

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Remember how earlier I explained that normally whenever new money is created that more debt is created?

Well, lately the Fed has been resorting to a trick called “quantitative easing”. What “quantitative easing” means is that the Federal Reserve zaps massive amounts of money into existence out of thin air and starts spending it on anything that it wants to buy. Lately, this has primarily been done to buy up U.S. government debt.

But isn’t that “monetizing the debt”?

Of course it is, and it is a blatant Ponzi scheme.

However, what is even more alarming is what this is doing to our money supply.

Just look at what has happened to our monetary base since about mid-2008….

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Does anyone in their right mind believe that this is not going to cause horrible inflation?

Right now most of the new cash is tied up in the financial system, but once it gets out into the regular economy watch out!

#8 The Federal Reserve is undemocratic.

In a previous article, I asked the following question:

“So what makes the central economic planning that the Federal Reserve does different from the central economic planning that communist China does?”

In both cases, a bunch of unelected elitists run the economy and make important economic decisions for the rest of us.

So what really is the difference?

#9 The Federal Reserve runs the U.S. economy.

Most Americans want to blame Obama or Bush or the U.S. Congress for the state of the economy.

But the truth is that it is the Federal Reserve that sets interest rates, it is the Federal Reserve that determines the money supply, it is the Federal Reserve that sets the “target rate” of inflation, it is the Federal Reserve that determines if unemployment is too high or too low and it is the Federal Reserve that watches over all of our banks.

Yes, Obama, Bush and the U.S. Congress all have things to answer for as well.

But none of them have the direct power over the economy that the Federal Reserve does.

#10 The Federal Reserve favors the big banks.

Not all financial institutions are treated equally by the Fed.

The truth is that the big banks (particularly those on Wall Street) are treated with great favor by the Federal Reserve.

If the Federal Reserve did not exist, the big Wall Street banks would not have such an overwhelming advantage. Most Americans simply have no idea that over the last several years the Federal Reserve has been giving gigantic piles of nearly interest-free money to the big Wall Street banks which they turned right around and started lending to the federal government at a much higher rate of return. I don’t know about you, but if I was allowed to do that I could make a whole bunch of money very quickly. In fact, it has come out that the Federal Reserve made over $9 trillion in overnight loans to major banks, large financial institutions and other “friends” during the financial crisis of 2008 and 2009.

Wouldn’t you like to be able to zap trillions of dollars into existence and loan it out to your friends at very favorable terms?

Sadly, most of the “help” from the Federal Reserve always seems to go to the big boys.

When “small enough to fail” banks need assistance, they are usually told to go sell themselves to one of the big banks.

#11 The worse the debt problems caused by the Federal Reserve become, the more money the IRS needs to collect from the rest of us.

If the U.S. government could issue debt-free money, it is conceivable that we would not even need the IRS. You doubt this? Well, the truth is that the United States did just fine for well over a hundred years without a national income tax. But about the same time the Federal Reserve was created a national income tax was instituted as well. The whole idea was that the wealth of the American people would be transferred to the U.S. government by force and then transferred into the hands of the ultra-wealthy in the form of interest payments.

If the Federal Reserve was shut down, it is entirely possible that we would be able to shut down the IRS as well.

But the only way that the current system works is if massive amounts of wealth continue to be drained from the American people.

#12 The Federal Reserve creates artificial financial bubbles.

When you look back over the last several decades, you will find financial bubble after financial bubble.

So who created all of those bubbles?

It was the Federal Reserve.

The ridiculous policies of Greenspan and Bernanke have wrought disaster after disaster and yet most of our politicians still will not even consider major changes to the Federal Reserve.

#13 The Federal Reserve is anti-free market.

In a true free market system, the marketplace would determine what interest rates are.

In a true free market system, the marketplace would determine which financial institutions survive.

In a true free market system, artificial financial bubbles would be far less likely.

But we don’t have a true free market system.

#14 The Federal Reserve tells the rest of the our banks what to do.

Most Americans don’t understand just how much power the Federal Reserve actually has over our local banks.

For example, just last year Federal Reserve officials walked into one bank in Oklahoma and demanded that they take down all the Bible verses and all the Christmas buttons that the bank had been displaying.

#15 The people currently running the Federal Reserve pretty much have no idea what they are doing.

In case anyone has not noticed, Federal Reserve Chairman Ben Bernanke hasa very long track record of incompetence. Nearly every major judgment that he has made since taking over that position has been dead wrong.

If one of us could go down the street and appoint the manager of the local Dairy Queen as the Chairman of the Federal Reserve, it is very doubtful that person would do a worse job than Bernanke has done.

#16 Even though the Federal Reserve has such extraordinary power over the financial system, the American people are not permitted to examine their books.

The Federal Reserve claims that they are regularly audited, but when some members of Congress attempted to push through a true comprehensive audit of the Fed last year Federal Reserve officials threw a hissy fit.

The truth is that the Federal Reserve has never undergone a true comprehensive audit since it was created back in 1913.

Whenever the subject of an audit comes up, Bernanke and others at the Fed keep repeating the mantra of how important “the independence of the Federal Reserve” is.

Sadly, Ron Paul’s proposal to audit the Federal Reserve last year, which had previously been co-sponsored by 320 members of the U.S. House of Representatives, ultimately failed by a vote of 229-198.

Instead, a very, very limited examination of Fed transactions that occurred during the recent financial crisis was approved.

So what did that limited examination reveal?

Well, the Federal Reserve was forced to reveal the details of 21,000 transactions stretching from December 2007 to July 2010 that combined were worth trillions of dollars. It turns out that the Federal Reserve was just handing out gigantic piles of nearly interest-free cash to their friends at the largest banks, financial institutions and corporations all over the globe.

Many members of Congress were absolutely stunned by these revelations.

So what would a more comprehensive audit reveal?

#17 The Federal Reserve has way too much power.

If the Federal Reserve did not exist, we would not have an unelected, unaccountable “fourth branch of government” running around that has gotten completely and totally out of control. Even some members of Congress are now openly complaining about how much power the Fed has. For example, Ron Paul told MSNBC last year that he believes that the Federal Reserve is now more powerful than Congress…..

“The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress.”

#18 The Federal Reserve is dominated by Wall Street and the New York banks.

The New York representative is the only permanent member of the Federal Open Market Committee, while other regional banks rotate in 2 and 3 year intervals. The former head of the New York Fed, Timothy Geithner, is now U.S. Treasury Secretary. The truth is that the Federal Reserve Bank of New York has always been the most important of the regional Fed banks by far, and in turn the Federal Reserve Bank of New York has always been dominated by Wall Street and the major New York banks.

The cold, hard reality of the matter is that the Federal Reserve is just another one of the tools that the Wall Street banking elite use to dominate all the rest of us.

#19 The Federal Reserve has brought us to the brink of economic collapse.

If the Federal Reserve had never been created, the American people would not be so enslaved to debt. At the very core of our economic problems is debt. American consumers are swamped with debt, state and local governments are facing horrific debt problems from coast to coast and the federal government has piled up the biggest mountain of debt in the history of the world.

We are living in an absolutely massive debt bubble, and when it bursts the world is going to experience financial chaos like it has never seen before.

Things did not have to turn out this way. We did not have to adopt a debt-based financial system. We did not have to allow the bankers to enslave us with debt.

But that is what happened.

Sadly, most Americans and the vast majority of our politicians are still clueless about these issues.

In 1922, Henry Ford wrote the following….

“The people must be helped to think naturally about money. They must be told what it is, and what makes it money, and what are the possible tricks of the present system which put nations and peoples under control of the few.”

Hopefully this article will help people understand our debt-based financial system a little bit better.

Until we fundamentally change our system, many of the economic and financial problems we are currently experiencing will never go away.

Thankfully, it does appear that some Americans are waking up.

According to a recent Bloomberg National Poll, the number of Americans that would like to see the Federal Reserve held more accountable or even completely abolished is increasing….

Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39 percent said it should be held more accountable and 16 percent that it should be abolished. Only 37 percent favor the status quo.

Those are very exciting numbers.

Hopefully we can awaken many more Americans to the dangers of a debt-based economy.

In the book of Proverbs, it tells us the following….

The rich ruleth over the poor, and the borrower is servant to the lender.

Well, by allowing ourselves to become enslaved to debt, we have become the servants of the international banking system.

Not only that, we have also sold our children and our grandchildren into perpetual debt slavery.

Thomas Jefferson tried to warn us about this.

He believed that when the government borrows money in one generation which must be paid back by future generations it is equivalent to stealing….

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

In fact, Thomas Jefferson said that if he could add one more amendment to the U.S. Constitution it would be a ban on all government borrowing….

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

Where would we be today if we had listened to Thomas Jefferson?

The amount of government debt that we have racked up is a great evil. We have stolen the future away from our children and our grandchildren. We have put them in a position where they will spend the rest of their lives paying off our debts to the bankers.

We owe it to future generations to fix the problems that we have created.

That is why so many of us believe that it is time for the U.S. Congress to shut down the Federal Reserve. Our current financial system is a complete and utter failure and we need to start over.'

Consumer Spending and the Debt Problem Econophile '… The real story of this chart is the high level of debt. If we just focus on the last three years, we get a skewed sense of the data. But since the 2001 recession, consumers added $800 billion in consumer debt (i.e., doesn't include mortgage debt), about a 44% increase in seven years. Total household debt (consumer and mortgage debt) grew from $7,659 trillion, or 75% of GDP ($10,205.6) in 2001 to $13,803 trillion, or 95% of GDP ($14,061.8) in 2007. (All numbers come from latest NIPA tables.)

This is a problem. Consumers will continue to shed debt, not just by walking away from mortgages on underwater homes, but by paying down their consumer debt. As David Stockman pointed out in his article today, 78 million Boomers are headed toward retirement and it is unlikely that they will take on more debt. Stockman raises the obvious question: where has the post-crash increase in spending been coming from? His answer: government transfer payments of about $500 million. I would add to that spending from upper tier of income earners, the ones who are driving "luxury" goods sales as noted in the sales reports, plus the draw down in savings by average consumers. Regardless, we know how the $500 million was paid for: federal deficit spending and consequent borrowing.

If the near and distant future is fiscal sanity by Boomers, then where is consumer spending coming from? Will it be from the younger generations who continue to pile up student loans? It depends, but not likely in the near term and they struggle with debt. How long can we assume that the government will continue to fund deficit spending at the expense of future generations? My guess is: not long. We are heading toward fiscal crisis unless the Republicans can tame federal spending. And unless savings continue to grow and household debt service is substantially reduced, we have a problem with long-term economic growth in America.'

Home Prices Continue to Decline; How Low Can They Go? Suttmeier 'The S&P Case Shiller Home Price Index shows continued declines in home values. Keep an eye on Dow Transports and Dow Industrials as additional strength puts the focus on another Dow Theory Buy Signal. Stocks remain overvalued according to ValuEngine so stock strength is not supported by fundamentals.

The S&P Case Shiller Home Price Index -- I focus on the 20-city composite which declined 3.1% year over year to just 1.1% above the April 2009 low. From the mid-2006 high this index declined 31.8%. The index began in the year 2000 at 100 and now reads 140.86. My prediction since the end of the home buyer tax credits is that home prices as measured by the S&P Case Shiller Home Price Index will decline back to 100 to clear out the existing home inventory and inventory still to come from additional foreclosures, short sales, and sales of Other Real Estate Owned (OREO) by Fannie Mae and Freddie Mac and the FDIC-insured financial institutions. This would be a decline of 29% from current home values. On the FDIC Quarterly Banking Profile for the fourth quarter of 2010, OREO totals $52.8 billion.

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Tracking Dow Theory -- The Dow Transports is within striking distance of a potential close above its February 17 closing high at 5298.10. If that happens and is followed by the Dow Industrial Average closing above its February 18 closing high at 12,391.25, we will have a Dow Theory Buy Signal. The Dow Industrials and Dow Transports are only 0.9% below their February 18 and February 17 highs with the other major averages further below their February highs; S&P 500 by 1.8%, NASDAQ by 2.9%, NASDAQ 100 3.3%, Russell 2000 by 1.0% and the SOX by 7.0%.

The Trading Range Scenario -- It appears that the Dow Industrial Average, which did not turn negative on its weekly chart, will stay in a trading range between its March 16 low at 11,555.48 and its February 18 high at 12,391.29. Strength can stretch to this week’s risky level at 12,488, which would still be a high below 12,600. Given weakness a close below the five-week modified moving average at 12,038 this week and rising shifts the weekly chart profile to negative, which would target my annual risky level at 11,491. New monthly and quarterly levels will be available Friday.

Stocks Remain Overvalued Fundamentally -- We are not operating under a ValuEngine Valuation Warning, but 60.8% of all stocks are overvalued. In addition all 16 sectors are overvalued with five by double-digit percentages.

10-Year Note -- (3.493) The short-term rise in yields moved above its 50-day simple moving average at 3.463. This yield was as low as 3.139 on March 16. Rising yields is a drag on equity valuations. The weekly chart shows an important support at the 200-week simple moving average at 3.554. Today’s value level is 3.548.

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Comex Gold -- ($1417.7) Gold has been fading since reaching its new all time high at $1448.6 on March 24. The 50-day simple moving average is $1387.0 with daily, semiannual and weekly risky levels at $1444.2, $1452.6 and $1469.8.

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Nymex Crude Oil -- ($104.78) The daily chart shows a potential double-top just shy of my semiannual risky level at $107.14. My annual pivots are $101.92 and $99.91. My weekly pivot is $105.31. Today’s risky level is $106.99. A close below $99.91 signals a double-top for crude oil.

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The Euro -- (1.4105) The weekly chart shows the euro overbought versus the dollar with the 200-week simple moving average as support at 1.3967. The 50-day is 1.3798 with a weekly pivot at 1.4119 and the November 4th high as resistance at 1.4281. Today’s risky level is 1.4257.

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Daily Dow -- (12,279) My annual value level lags at 11,491 with the February 18 closing high at 12,391.25 and daily and weekly risky levels at 12,480 and 12,488. Given a Dow Theory Buy Signal and a new high for the laggard SOX, the upside is to my annual risky level at 13,890. Without a Dow Theory Buy and given a weekly close below 11,491 the downside is to semiannual value levels at 10,959 and 9,449. The Dow is the only major average to hit a new high since its March 16 low at 11,555.48. After all the positive hype in March the Dow is up only 53 points month to date.

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Key Levels for the Other Major Equity Averages

· The S&P 500 (1319.4) My annual value level is 1210.7 with the 50-day simple moving average at 1306.58 and daily and weekly risky levels at 1335.5 and 1353.7. The S&P 500 needs to close Thursday above 1327.2 to achieve a positive March.

· The NASDAQ (2757) The 50-day simple moving average is 2743 with daily and weekly risky levels at 2795 and 2830. The NASDAQ needs to close Thursday above 2782 to achieve a positive March.

· The NASDAQ 100 (NDX) (2326) The 50-day simple moving average is 2318 with daily and weekly risky levels at 2351 and 2389. The NDX needs to close Thursday above 2351 to achieve a positive March.

· Dow Transports (5261) My annual pivot is 5179 with weekly and daily risky levels at 5295 and 5324, and the February 17 closing high at 5298.10. The Dow Transportation Average is the first major average to become overbought since its March 15 low at 4906.63.

· The Russell 2000 (829.49) My annual value level is 784.16 with daily and weekly risky levels at 847.65 and 857.75. The Russell 2000 is positive for March above 823.45.

· The Philadelphia Semiconductor Index (SOX) (441.04) I show no nearby value levels with the five-week modified moving average at 439.10 and the 50-day simple moving average at 445.66, and daily and weekly risky levels at 446.10 and 459.29. Semiconductors need to provide leadership, but are lagging. The SOX needs to close Thursday above 458.62 to achieve a positive March.'

OPEC Could Reap $1 Trillion This Year National Journal | OPEC is set to make a record-breaking $1 trillion in export revenues this year.

Fragile Budget Talks Resume as Parties Trade ‘Extreme’ Label Fox | Fragile budget negotiations have resumed on Capitol Hill.

Treasuries Decline After Bullard Says Fed Should Review QE2 Bloomberg | Treasuries fell, pushing 10-year yields to the highest in more than two weeks.

On NBC, the missing story about parent company General Electric It’s the kind of accountability journalism that makes readers raise an eyebrow, if it doesn’t raise their blood pressure first. General Electric Co., reported the New York Times last week, earned $14.2 billion in worldwide profits last year, including $5.1 billion in the United States — and paid exactly zero dollars in federal taxes.

Ron Paul & Rand Paul Voice Concerns Over Government Spending Congressman Ron Paul joins Neil Cavuto to discuss the potential of a government shutdown, his concern for spending, the implications of the current political climate, the consequences of fiscal irresponsibility and hope for reform, and the pending threat of price inflation. Senator Rand Paul joins Neil Cavuto to discuss the current virtual stalemate in Wisconsin, the financial reality of tax-payer dependent unions, and piecemeal attempts at trimming the fat in Washington.

Broke And Getting Broker: 22 Jaw Dropping Statistics About The Financial Condition Of American Families Most American families are really struggling in this economy and they see most of the families around them really struggling, but they don’t have any hard numbers to back up the feelings of economic despair that they are experiencing.

The American Dream March 30, 2011 'Most American families are really struggling in this economy and they see most of the families around them really struggling, but they don’t have any hard numbers to back up the feelings of economic despair that they are experiencing. Well, below you will find 22 statistics that prove that American families are broke and getting broker. Today, the financial condition of most middle class families is rapidly deteriorating. The number of good jobs is declining, incomes are down, debt loads are up and bankruptcies and foreclosures just continue to increase. If you step back and really examine the statistics, it becomes really hard to deny that American families are getting poorer. Well, the wealthiest 5 percent are still thriving, but everyone else is really having a tough time. The truth is that a large percentage of the U.S. middle class is slowly but surely going broke. Unfortunately, this is being caused by long-term economic trends that simply are not going to be fixed overnight.

Most Americans had just assumed that the United States would always have a dominant, prosperous economy. But in the world we live in today there are no guarantees.

The era when almost anyone could find a good job is over. Millions of good jobs have already left the United States, and vast numbers of legal and illegal workers have been shipped in to the country to compete for the jobs that are still here.

There are millions of Americans that would give just about anything for a good job right about now. But the good jobs are very few and far between at this point.

Every day there is more depressing news. For example, a recent job fair in Massachusetts was shut down because of a lack of jobs.

In fact, with jobs so scarce these days, more Americans than ever are willing to work for free.

This is not just a “recession” or an “economic downturn”. The U.S. economy is fundamentally changing for the worse. Millions of American families are already experiencing economic despair and millions more will be experiencing it very soon.

The following are 22 jaw dropping statistics about the financial condition of American families….

#1 In 2010, one out of every eight American families had at least one family member that was unemployed. In fact, the figure for 2010 was the highest it has been since the U.S. Labor Department began keeping track of this statistic back in 1994.

#2 According to the Bureau of Labor Statistics, more than 8 million Americansare working part-time jobs because they can’t get full-time jobs.

#3 There are now more than 6 million Americans that the government sayshave given up looking for work completely.

#4 After accounting for inflation, the average income for an American family has fallen 5 percent since the year 2000.

#5 According to the New York Times, as of 2009 the wealthiest 5 percent of all Americans had 63.5 percent of all the wealth in America. Meanwhile, the bottom 80 percent had just 12.8 percent of all the wealth.

#6 During this most recent economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years.

#7 According to the Federal Reserve, between 2007 and 2009 median household net worth in the United States fell by 23 percent.

#8 The Federal Reserve also says that median household debt in the United States has risen to $75,600.

#9 Total U.S. credit card debt is more than 8 times larger than it was just 30 years ago.

#10 Today, 46% of all Americans carry a credit card balance from month to month.

#11 Of U.S. households that have credit card debt, the average amount owed on credit cards is $15,788.

#12 Americans now owe more than $887 billion on student loans, which is even more than they owe on credit cards.

#13 A staggering 25 percent of all American adults now have a credit score below 599.

#14 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.

#15 American workers that are unemployed are nearly twice as likely to have been told by a doctor or a nurse that they suffer from depression.

#16 In 2010, for the first time ever more than a million U.S. families lost their homes to foreclosure, and that number is expected to go even higher in 2011.

#17 According to RealtyTrac, one out of every 45 U.S. households was hit with a foreclosure filing in 2010.

#18 U.S. home values have fallen an astounding 6.3 trillion dollars since the peak of the real estate market. Most of that pain has been felt by ordinary American families.

#19 Approximately half of all American workers make $25,000 a year or less.

#20 According to a survey released very close to the end of 2010, 55 percentof all Americans are now living paycheck to paycheck.

#21 1.5 million Americans filed for bankruptcy in 2010. That represented the fourth yearly increase in bankruptcy filings in a row.

#22 As 2007 began, only about 26 million Americans were on food stamps, but today over 44 million Americans are on food stamps which is an all-time record high.'

National / World

Al-Qaeda 100% Pentagon Run Infowars.com | There is plenty of evidence al-Qaeda works for the Pentagon and the CIA.

Former Libyan Al Qaeda Leader Says There Are 1000 jihadists Amongst Rebels Steve Watson | US, UK still want to supply them with weapons.

Fukushima Nuke Plant Now in Full Meltdown Kurt Nimmo | Smoke was reported at a second nuclear power plant in Japan today.

Constitutional Problems with the Libyan War Ron Paul | The costs of this terrible mistake cannot be ignored.

Obama Raises American Hypocrisy To A Higher Level Paul Craig Roberts | Gadhafi is being demonized while Bush/Cheney/Obama are sitting on their high horse draped in cloaks of morality.

Syrian President Blames ‘Conspirators’ for Unrest WSJ | Syria’s President Bashar al-Assad blamed foreign enemies for plotting unrest in Syria.

Japan Considers Entombing Nuclear Plant as Workers Fight to Stop Radiation Bloomberg | Japan will consider entombing its crippled atomic plant in concrete.

Reactors now leaking plutonium into soil New York Post | “The situation is very grave,” Chief Cabinet Secretary Yukio Edano said today.

London set to limit right to protest Press TV | Plans to ban protesters from taking part in public gatherings.

Reuters: Obama Signs Secret Order Authorizing Covert CIA Support For Libyan Rebels Obama has signed secret order authorizing covert US govt support for rebel forces in Libya, officials tell Reuters.

Former Libyan Al Qaeda Leader Says There Are 1000 jihadists Amongst Rebels A former leader of an al Qaeda linked group in Libya claims that there are around 1000 fundamentalist Islamic fighters in the country that have joined the uprising against Col. Moammar Gaddafi’s forces, a number that jives with intelligence reports and independent estimates. Yet still the allied NATO forces are considering arming the rebels.

Poll: Obama’s approval hits new low President Barack Obama’s approval rating and prospects for reelection have plunged to all-time lows in a Quinnipiac University poll released Wednesday.

Americans worried about Libya conflict: poll A new poll published on Wednesday found nearly half of Americans were opposed to US military involvement in Libya, reflecting tricky political ground being navigated by President Barack Obama.

Qaeda: Arab revolts herald “great leap forward” Al Qaeda’s most influential English-language preacher said revolts sweeping the Arab world would help rather than harm its cause by giving Islamists freed from tyranny greater scope to speak out.

A New Chernobyl: Fukushima Nuke Plant Now in Full Meltdown Reactor number two at the Fukushima Daiichi has gone into full meltdown, although this is not being reported by the corporate media. The core has melted through the floor of the containment building and is now releasing large amounts of radiation.

CIA Operative Appointed to Run al-Qaeda Connected Libyan Rebels On Saturday, McClatchy reported that Khalifa Hifter, a former Gaddafi military officer, was appointed to lead the rebel army supported by the United Nations, the United States and the Globalist Coalition.

Obama Raises American Hypocrisy To A Higher Level What does the world think? Obama has been using air strikes and drones against civilians in Afghanistan, Pakistan, Yemen, and probably Somalia.

Government Responds to Nuclear Accident by Trying to Raise Acceptable Radiation Levels and Pretending that Radiation is Good For Us So now that Japan is suffering the worst nuclear accident since Chernobyl – if not of all time – is the government riding to the rescue to help fix the problem, or at least to provide accurate information to its citizens so they can make informed decisions?

Drudgereport: Obama 2002: Toppling a Brutal Dictator Is 'A Dumb War'...
OBAMA POLL HITS NEW LOW...
EPA Says Radiation Found in U.S. Milk...
Inflation worries push consumer confidence lower...
Home prices STILL falling in cities...
13% of all U.S. homes are vacant...
REBELS ON THE RUN
OBAMA DEFENDS...
'World Conscience'...
New Committee to Set Libya's 'Political Direction'...
U.S. says rebels may sell oil?
Brits fear becoming another Iraq...
Gadhafi tells West to halt 'barbaric genocide'...
Camp Lejeune Marines sent to Libya...
Clinton, Hague meet senior 'rebel' figure...
Intelligence shows 'flickers' of al Qaeda...
MAG: NEW 'KILL TEAM' PHOTOS RELEASED...
REPORT: U.S. soldiers hacked off part of dead man's skull?
HORROR: Cut off 15-year-old boy's finger and kept as trophy...[We all knew the u.s. Military was recruiting / is now composed of felons, war criminals, etc.; but clearly, these are the blatant signs of serial killers – then that 360 tons of $100 bills still missing in Iraq, etc., serial thieves, particularly at the top down.)...
VIDEO: Two on motorcycle gunned down...***WARNING: GRAPHIC***
PHOTOS...
500,000 MARCH IN LONDON TO PROTEST BUDGET CUTS...
Turns violent; Anarchists blitz the Ritz...
ANARCHY IN THE UK
NOT DAYS, NOT WEEKS -- LIBYA OP TO LAST MONTHS...
NATO likely to expand mission...
Energized Muslim Brotherhood eyes a prize...
Unrest in Syria, Jordan Poses New Test...
Clinton: U.S. won't intervene...
REPORTER CONFINED IN CLOSET DURING BIDEN'S FLA FUNDRAISER...
'Extremely inappropriate'...
OBAMA DEFENDS...
'America has played a unique role as an anchor of global security'... NOT IN OVAL OFFICE...
NETS BALKED AT PRIMETIME ADDRESS...
HILLARY OFF TO LONDON TOWN...
WAR COST: $600 MILLION, IN 6 DAYS...
Radiation levels at nuclear plant reach new highs...
100,000X NORMAL...
Radioactive Water Extends One Mile Into Ocean...
Trace Amounts Found in Florida...
At the gates of stricken Fukushima nuke plant...
Radiation levels highest since crisis began...
'Bad Readings' Plague Effort...
Concern grows over sea contamination...
Tokyo blackouts to resume Monday...
Radioactivity detected in China...
And Nevada... And SC, Fla... And Mass...
Gaps in US radiation monitoring system revealed...
Four of EPA's 11 Sensors in CA Were Down...
Obama says he didn't know of fed op smuggling guns into Mexico...
SOROS GROUP PLOTS 'GUERILLA WAR', 'SABOTAGE' ON FOXNEWS...
AL QAEDA FIGHTERS JOIN LIBYAN REBELS...
'Al Qaeda snatched missiles'...
Boehner: Obama needs to 'provide clarity' on military objective...
U.S. officials assisted visit by Gadhafi son just before uprising...
Despite airstrikes, Tripoli residents live in terror...
British Minister Warns of Another Lockerbie...
'Black Swan' double claims Portman did only 5% of dance shots...'The ballerina who served as a dancing double for Natalie Portman’s Oscar-winnning role in Black Swan tells EW she has been the victim of a “cover-up” to mislead the public about how much dancing Portman actually did in the film. “Of the full body shots, I would say 5 percent are Natalie,” says Sarah Lane, 27, an American Ballet Theatre soloist who performed many of the film’s complicated dance sequences, allowing Portman’s face to be digitally grafted onto her body. “All the other shots are me.”

Lane’s claim follows a March 23 L.A. Times article in which Portman’s fiancé and Black Swan choreographer Benjamin Millepied said Lane’s work in the film was far less significant. “There are articles now talking about her dance double [American Ballet Theatre dancer Sarah Lane] that are making it sound like [Lane] did a lot of the work, but really, she just did the footwork, and the fouettés, and one diagonal [phrase] in the studio,” he said. “Honestly, 85 percent of that movie is Natalie.”

Lane disagrees. “The shots that are just her face with arms, those shots are definitely Natalie,” she says. “But that doesn’t show the actual dancing.” Lane admits that she was never promised a particular title for her six weeks of work on the film, though she was disappointed to see that she is credited only as as “Hand Model,” “Stunt Double,” and “Lady in the Lane” (a brief walk-on role).

Lane also says that Black Swan producer Ari Handel specifically told her not to talk about her work to the press, even though she claims there was no such stipulation in her contract. “They wanted to create this idea in people’s minds that Natalie was some kind of prodigy or so gifted in dance and really worked so hard to make herself a ballerina in a year and a half for the movie, basically because of the Oscar,” says Lane. “It is demeaning to the profession and not just to me. I’ve been doing this for 22 years…. Can you become a concert pianist in a year and a half, even if you’re a movie star?”...'

House GOP leaders turn to Dems for deal(Washington Post) [ Of Dees, Dems, Does, and Gops … Sounds like a plan … Not! … The people are still hoping, praying … will their dream come true? … Government shutdown looms-Paul Kane (Washington Post) [ Shutdown? ... One can only hope, and pray ... after all, they can't muck up what they're not in session to f*** up ... Government shutdown looms Paul Kane (Washington Post) ]Unable to find consensus within their own ranks, House Republican leaders have begun courting moderate Democrats on a budget deal to avoid a government shutdown next week.

On NBC, the missing story about GE (Washington Post) [ Ya think! … Seriously though, this is as important a story as can be since these scenarios have been a significant problem for the pervasively corrupt, defacto bankrupt u.s. for quite some time. After all, there are no Washington Posts in the Northeast to cover their denizens quite like the Washington Post fearlessly covers theirs (ie., that not too long ago story of the ubiquity of top level clearances, 'cia ops / covers' (real estate / businesses), in the Washington metropolitan area, literally putting their lives on the line so to speak. In the northeast, sinkholes new york (they even did a book 'The Wall Street Gang' and movies, ie., 'Gangs of New York', fact-based 'Goodfellas', etc.) / mob infested jersey (I've not been to chicago, but count them in here) particularly, it's what is not said that invariably stands out to the substantial detriment of the rest of the nation. The day in, day out continued churn and earn wall street fraud at a total cost yet to be fully realized by the rest of the nation to support those lavish / overly high-cost lifestyles will not make for front-page reading in the wall street journal, new york times, etc., nor the lead story if at all on the 6 / 11 o'clock news. Therein lies the rub, and the need for alternate media sources so castigated and belittled by the main-stream news media, particularly in those regions which have a lot to hide (and not talk about). Sadly, the internet is increasingly targeted toward the end of silencing those who brave to tell the truth. One might hope that The Washington Post might enter the televised news sphere with waivers based on national need.] “NBC Nightly News” didn’t report on the fact that its parent company paid no federal taxes last year.

Drop in home prices raises fear of double dip (Washington Post) [ Fear of double dip? We're in a continuing dip that never really ended with obfuscations of reality including more insurmountable debt and fed-based manipulations (Dave explains infra) Case-Shiller Chairman: Here’s Why the Housing Market Recession is Not Over Wall St Cheat Sheet 'Welcome to 2003! The S&P Case-Shiller Home Price Index 10-City Composite was down 2% and the 20-City Composite fell 3.1% in January on a year-over-year basis. On a monthly basis, the 10-City Composite was down 0.9% and the 20-City Composite fell 1.0% in January versus December 2010.

San Diego and Washington D.C. were the only two markets to record positive year-over-year changes. However, San Diego was up a scant 0.1%, while Washington DC posted a healthier +3.6% annual growth rate. The same 11 cities that had posted recent index level lows in December 2010, posted new lows in January.

David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s commented:

These data confirm what we have seen with recent housing starts and sales reports. The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery . At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing. ..., but both series have moved closer to a confirmed double-dip for six consecutive months. At this point we are not too far off, and that is what many analysts are seeing with sales, starts and inventory data too...' M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ ]

Rebels in ‘tactical’ retreat as leaders meet (Washington Post) [ Tactical … riiiiight! … Well, that sounds like a plan … right out of the manuals on trench warfare from WWI … works every time … you know, those manual tactics … meanwhile, back at the other american induced wartime disasters ...

Iraqi insurgents kill dozens in Tikrit

Taliban seizes eastern Afghan district

Drudgereport: Inflation worries push consumer confidence lower...
Home prices STILL falling in cities...
13% of all U.S. homes are vacant...
REBELS ON THE RUN
OBAMA DEFENDS...
'World Conscience'...
New Committee to Set Libya's 'Political Direction'...
U.S. says rebels may sell oil?
Brits fear becoming another Iraq...
Gadhafi tells West to halt 'barbaric genocide'...
Camp Lejeune Marines sent to Libya...
Clinton, Hague meet senior 'rebel' figure...
Intelligence shows 'flickers' of al Qaeda...
MAG: NEW 'KILL TEAM' PHOTOS RELEASED...
REPORT: U.S. soldiers hacked off part of dead man's skull?
HORROR: Cut off 15-year-old boy's finger and kept as trophy...[We all knew the u.s. Military was recruiting / is now composed of felons, war criminals, etc.; but clearly, these are the blatant signs of serial killers – then that 360 tons of $100 bills still missing in Iraq, etc., serial thieves, particularly at the top down.)...
VIDEO: Two on motorcycle gunned down...WARNING: GRAPHIC
PHOTOS...
500,000 MARCH IN LONDON TO PROTEST BUDGET CUTS...
Turns violent; Anarchists blitz the Ritz...
ANARCHY IN THE UK
NOT DAYS, NOT WEEKS -- LIBYA OP TO LAST MONTHS...
NATO likely to expand mission...
Energized Muslim Brotherhood eyes a prize...
Unrest in Syria, Jordan Poses New Test...
Clinton: U.S. won't intervene...
REPORTER CONFINED IN CLOSET DURING BIDEN'S FLA FUNDRAISER...
'Extremely inappropriate'...
OBAMA DEFENDS...]

Libyan rebels flee under fire from a key town in eastern Libya as world leaders convening in London insisted that Col. Moammar Gaddafi step down but offered no new suggestions for how to dislodge him from power.

Chemist charged with insider trading (Washington Post) [ This remains incredulous to me. Everyone but the big boys / frauds!Not just corruption, but bad time /resource management.The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed (this would also help significantly the hapless, hopeless budget scenario).

High oil price rally! Come on! What total b* s! Previous rally sparked by upward revision of GDP by the scandal-scarred commerce department? You can’t believe anything these desperate self-servers say! This manipulated bubble in this secular bear market based on b s* alone and today’s suckers’ rally on more bad/worse than expected news (consumer confidence down) provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! Fed to hold regular news conferences (Washington Post) [ Wow! Just what everyone needed … more spoon-fed b* s* / jawboning by the flawed, flatulent, faultful fed … for the sake of fraudulent wall street … you do remember those 'no-recession' jawbone sessions that sent the prior bubble expanding faster than 'the big bang' itself … until every got and continues to get banged from the last bubble-fraud crash. M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ ] Chairman Bernanke’s move is part of efforts by the central bank to make the institution appear less secretive. States target jobless benefits (Washington Post) Durable goods (leading indicator) 200% worse than expected, stocks rally. ‘ February Durable Goods Orders Disappoint NEW YORK (TheStreet) Bharatwaj …’ This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Looking Like A Good Time To Sell Into Strength - Harding BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ] The government charged a chemist at the Food and Drug Administration Tuesday with insider trading.

High oil price rally! Come on! What total b* s! Previous rally sparked by upward revision of GDP by the scandal-scarred commerce department? You can’t believe anything these desperate self-servers say! This manipulated bubble in this secular bear market based on b s* alone and today’s suckers’ rally on more bad/worse than expected news (consumer confidence down) provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed (this would also help significantly the hapless, hopeless budget scenario). Fed to hold regular news conferences (Washington Post) [ Wow! Just what everyone needed … more spoon-fed b* s* / jawboning by the flawed, flatulent, faultful fed … for the sake of fraudulent wall street … you do remember those 'no-recession' jawbone sessions that sent the prior bubble expanding faster than 'the big bang' itself … until every got and continues to get banged from the last bubble-fraud crash. What do you expect these incompetent, fraudulent criminals / accomplices to say? That they haven't the slightest clue what they're doing and the damage they've already done? Come on! The more they speak, the less you really know; and, to borrow from that old saying / cliché … how do you know they're lying?... answer: 'their lips are moving'... They lie all the time … sometimes even when they don't have to. M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ ] Chairman Bernanke’s move is part of efforts by the central bank to make the institution appear less secretive. States target jobless benefits (Washington Post) [ Sounds like a plan … from h**l … after all, beyond the rhetoric, propaganda, fake data / reports, etc., the only real manufacturing going on in pervasively corrupt / defacto bankrupt america is ever more worthless fiat paper currency, new fangled wall street paper / securities / toxic asset bubble-frauds, etc.. Unemployment numbers from the labored labor department? The ‘expiration / stopped looking, everyone’, at best. How can anyone believe anything the pervasively corrupt, defacto bankrupt u.s. government says. Durable goods (leading indicator) 200% worse than expected, stocks rally. ‘ February Durable Goods Orders Disappoint NEW YORK (TheStreet) Bharatwaj …’ This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? … wise to lighten up some into strength ... BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows New homes are bad deals in some areas (Washington Post) [ If it only was just the new homes being bad deals in some areas … and if it only was just real estate and not, ie., grossly over-valued u.s. stocks, which rallied on the much worse than expected news, etc.. Post 'The rise (in stocks) came in spite of record low new-home sales data and continued worry about the European debt crisis.' Select Stocks Boost Markets: Dave's Daily [ Dave: '...Economic data focused on New Home Sales which were down nearly 17% causing the Homebuilder ETF (XHB) to rally. I kid you not! ...' ] ] Michigan moves to cut its unemployment program despite troubling jobless rates.

Oil Up, Stocks Up - How Long Can this Continue? Maierhofer, On Tuesday March 29, 2011, 12:40 pm EDT

Yesterday, oil was an economic indicator promising prosperity. Today, oil is the biggest scapegoat around.

On December 22, 2010, the following headline graced the Wall Street Journal: 'Oil back at $90 as growth gains pace.' The commentary expressed this upbeat message: 'The recovery in oil prices is an encouraging sign of world growth.'

Triggered by the glaring disconnect between fact and financial reporting, I felt compelled to comment on the nuisance and point out the obvious danger of rising oil prices (see article 'Rising asset prices cannibalize U.S. growth').

Even the media has caught on by now. On March 1, Reuters ran the following article: 'Wall Street slammed as oil fuels recovery worries.' The commentary was less upbeat: 'Stocks dropped as investors worried that rising oil prices could choke the economic recovery.'

Rather than squeezing facts into a mold to fit financial reporting, let's take a look at the real correlation between oil and stocks.

The Real Correlation Between Oil and Stocks

The general wisdom is that rising oil prices hamper the economy and/or stocks. But that's only true to a certain extent. Since 2009, the price of crude oil tripled while the S&P (SNP: ^GSPC) doubled. High oil didn't seem to affect The S&P. The Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) didn't seem bothered much by rising oil either.

It is only after oil surpasses a certain undefined and ever changing 'pain threshold' that all of a sudden oil turns into a killer of economic activity.

To a certain extent, high oil prices contribute to high stock prices. The energy sector accounts for 13.10% of the S&P 500. As oil prices go, so go energy stocks and a strong energy sector can boost the overall market's performance.

Again, there comes a point when the backlash of rising oil prices trumps the boost from the energy sector.

What about Falling Prices

Thus far we've talked about rising prices. How do falling oil prices affect the economy? In 2008 oil topped at $147 a barrel. When oil rolled over, the S&P traded around 1,400. Over the coming year oil prices tumbled nearly 78%.

According to Wall Street's logic, stocks should have gone through the roof. The ETF Profit Strategy Newsletter bucked conventional 'wisdom' and predicted a decline of all asset classes across the board.

Along with oil, the S&P went on to lose an additional 50% while the commodity sector got more than cut in half.

This phenomenon of lock-step behavior by asset classes that normally boom and bust at different times, has been a common theme since the 2007 market top. Will it occur once again in 2010?

General Trading Tips

Oil is a tough market to trade. Geopolitical developments can void an otherwise solid set up.

Oil linked ETFs like the United States Oil Fund (NYSEArca: USO - News) and iPath S&P GSCI Crude Oil ETN (NYSEArca: OIL - News), often suffer from contango and do not fully replicate oil's performance. Case in point, since 2009, USO and OIL doubled in price while oil prices tripled.

Another way to gain exposure to oil prices is by betting on the energy sector. The Energy Select Sector SPDR (NYSEArca: XLE - News) is the biggest broad energy ETF, but it is not alone.

Some focus on oil and gas exploration (NYSEArca: XOP - News), others on oil equipment and services (NYSEArca: IEZ - News).

But buying oil stocks comes with exposure to the same kind of risks and perks as buying any other stocks, whether it's oil stocks, gold (NYSEArca: GLD - News) or financial stocks (NYSEArca: XLF - News).

Regardless of your bias, beware of headline-based buying. More often than not, when the financial media exacerbates a trend, it may not go on for too much longer…'

Case-Shiller Chairman: Here’s Why the Housing Market Recession is Not Over Wall St Cheat Sheet 'Welcome to 2003! The S&P Case-Shiller Home Price Index 10-City Composite was down 2% and the 20-City Composite fell 3.1% in January on a year-over-year basis. On a monthly basis, the 10-City Composite was down 0.9% and the 20-City Composite fell 1.0% in January versus December 2010.

David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s commented:

These data confirm what we have seen with recent housing starts and sales reports. The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery . At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing. A few months ago we defined a double-dip for home prices as seeing the 10- and 20-City Composites set new post-peak lows. The 10-City Composite is still 2.8% above and the 20-City is 1.1% above their respective April 2009 lows, but both series have moved closer to a confirmed double-dip for six consecutive months. At this point we are not too far off, and that is what many analysts are seeing with sales, starts and inventory data too.

Looking across some of the markets, we see that with a January 2011 index level of 99.59, Atlanta has joined Cleveland, Detroit and Las Vegas as markets where average home prices are now below their January 2000 levels. Washington DC appears to be the only market that has weathered the recent storm. While it was up only 0.1% for the month of January, it’s annual rate was a relatively healthy +3.6%, it is still +10.7% above its March 2009 low, and ranks number one among the 20 markets as its average value is almost 85% above its January 2000 level.”

S&P/Case-Shiller Home Price Indices

[chart]

S&P/Case-Shiller Home Price Indices Cont.

[chart]

Metro Prices

[chart]

Metro Prices Cont.

[chart]

Let’s see if the market can continue climbing the wall of worry despite the continued hit to real estate (NYSE:IYR).'

Short-Term, High Probability Mean-Reversion Indicator: EWY Is Overbought; VIX Hits Historical Extreme Crowder '...I do believe we are in for quite the tumble in the months ahead...' 'The trading day yesterday began with a small bounce higher which lasted through most of the day. During the final hour sellers finally stepped in and pushed the market lower.

Could we see lower prices ahead?

I stated the following this weekend:

There are lots of bearish signs moving into the market. Over the past week, the VIX has gone from more than 30% above its average to more than 15% below. In the past this type of volatility in volatility has been overwhelmingly bearish. If you just look at 15% both ways there are eight instances when this type of movement has occurred and only once was it bullish for the market one month later.

Furthermore, the major market indices are overbought on a short-term basis and nearing overbought on an intermediate time frame.

Couple all of the aforementioned with upcoming negative seasonality and you can quickly see where I am going. All I can say is keep selling premium and remain cautious.

I do believe we are in for quite the tumble in the months ahead. For those of you who follow the q-ratio, you know that we have pushed to historic levels and that spells trouble going forward.

The good thing is, the High-Probability, Mean-Reversion strategy doesn’t care about the long-term movement of the stock market or if it moves up or down. All it cares about is taking advantage of extremes in the ETFs I follow.

The current trade is profitable and if the bears take over Tuesday we could have the best trade so far in the portfolio. So far, the performance has been amazing.

Short-Term High-Probability, Mean-Reversion Indicator – as of close 3/28/11

[chart]

Disclosure: I am short SPY’

Housing Continues To Be An Ominous Sign For Stocks Hanlon 'Everyone knows that housing was at the epicenter of the 2008-2009 financial crisis. Too many people were granted too many mortgages with too little down payment, at too low of interest rates.

The housing industry met all that with too many homes, townhouses and condos. A bubble grew and popped, and all the king’s horses and all the king’s men are having trouble putting Humpty Dumpty back together again.

It was recently reported by Corelogic that the equity securing mortgages associated with home owners that are behind in payments is $750 billion less than the mortgage values. Of course there are millions of mortgage loans that are current, and millions of mortgages that are very well secured by substantial positive equity; but the mortgage picture and housing remain a very weak part of the economy.

Some say that housing is economically important, but not so important as to be a necessity to economic recovery and continued expansion. The argument goes that housing represents a very small portion of GDP and therefore its impact is not as important as tax rates, economic stimulus, interest rates, trade, defense spending, consumer behavior, unemployment, etc.

Here at Hanlon, our favorite tool for investment management is reviewing the charts. To us, the charts tell the purest, most factual story. Charts represent the price history of investments and the economy, reflecting every opinion of every person that has capital at their disposal and the decisions they make with that capital. Currently, the charts are generally telling a positive story about the stock market and risky asset classes in general, although the Japan nuclear incidents are very much impacting that market as well as some others.

The trends, technicals and breadth all continue to show signs of potential further gains in many risky asset classes. We continue to remain bullish on risky asset classes until the charts tell us differently, which can happen at any time. I know you don’t like to read that. You want more certainty and insight into the future. Sorry, we do not do that; instead we take it all one day at a time, ready to make substantial changes if necessary to attempt to mitigate downside risk.

Recently a chart caught my eye and I share it with you below. It is a chart of the S&P 500 Index plotted against the NAHB/Wells Fargo Housing Market Index (HMI). Clearly there is some type of correlation occurring between these two indices. Specifically, from this chart alone, you can see that housing tends to lead stocks. In some instances housing leads as much as two years prior and in others perhaps a couple months or quarters.

See how the HMI forecasted the S&P 500 Index drop before 2000? The bottom and rise before 2003? The drop in 2007? But alas, where is the HMI forecast for a rise in S&P 500 Index that started in 2009? There is none. Housing has gone flat-line, at best, like in the emergency room when the staff doctor, with paddles in hand, yells “clear!”

Being students of the charts, and of course of history itself, we are aware that there are long periods of time, anywhere from 10 to 20 years or longer, where the major equity indices do not break above previous highs. These periods are not so much caused by a lack of earnings growth; instead they are normally caused by a compression of P/E ratios. The P, price, must fall, while the E, earnings, continues to grow. Many believe that the high of the year 2000 was a “ringing in a new market era” and thus began one of these long periods of time where the major equity indices do not set new highs.

S&P 500 Index vs. NAHB/Wells Fargo Housing Market Index (HMI) 1988 – 2011

[chart]

If that is true, then the stock market highs we saw in 2000, which were revisited in 2007, could be the highs for years to come. Yes, there were slightly new highs in 2007, ever so slightly for some of the major domestic equity indices, but not by much. You can see the range bound nature of the S&P 500 Index on the chart above.

Perhaps housing is providing us some insight as to what the future holds for equities. If so, the end of this latest equity appreciation may not be that far off and a tactical navigation out of equities into better performing, better relative strength asset classes might be around the corner.'

National / World

CIA Operative Appointed to Run al-Qaeda Connected Libyan Rebels Kurt Nimmo | Khalifa Hifter has worked for the CIA for over two decades.

US NATO Commander Admits Al-Qaeda Linked To Libyan Rebels Steve Watson | US says it is still considering arming Gaddafi opposition.

Japanese PM: ‘Maximum Alert’ Over Fukushima Nuke Crisis RTTNews | Japanese government in a state of maximum alert over high-level radiation.

In 2009 Gaddafi Proposed Nationalizing Libya’s Oil Kurt Nimmo | Transnational oil corporations and banksters don’t take kindly to the “N” word — nationalization.

Globalist Bid To Ban Cars Is Part Of “Planned-Opolis” Agenda Paul Joseph Watson | Only the elite will be allowed to drive vehicles, while the rest of the population will be tightly regulated.

U.S. says Libyan rebels may sell oil The United States on Monday gave a green light to sales of Libyan crude oil from rebel-held territory, giving a potential boost to forces battling Muammar Gaddafi.

Susan Rice: Obama Administration Has Not Ruled Out Military Support for Libyan Rebels U.S. Ambassador to the United Nations Susan Rice says the Obama administration has not ruled out military support for the Libyan rebels.

Kadhafi tells West to halt ‘barbaric genocide’ Colonel Moamer Kadhafi urged world powers meeting Tuesday in London to end their “barbaric” offensive against his oil-rich country as his forces beat back a rebel push on his home town Sirte.

EPA to Help Mainstream Media Obscure The Truth About Radiation Exposure to Americans As Americans focus on March Madness and Dancing With the Stars instead of the radioactive plume spreading all across the country, the US EPA (Environmental Protection Agency) is attempting to make the mainstream media cover up of the Fukushima cloud a bit easier.

The CIA’s Libya Rebels: The Same Terrorists who Killed US, NATO Troops in Iraq 2007 West Point Study Shows Benghazi-Darnah-Tobruk Area was a World Leader in Al Qaeda Suicide Bomber Recruitment.

Israel considering annexing West Bank settlements (AP)

Drudgereport: Inflation worries push consumer confidence lower...
Home prices STILL falling in cities...
13% of all U.S. homes are vacant...
REBELS ON THE RUN
OBAMA DEFENDS...
'World Conscience'...
New Committee to Set Libya's 'Political Direction'...
U.S. says rebels may sell oil?
Brits fear becoming another Iraq...
Gadhafi tells West to halt 'barbaric genocide'...
Camp Lejeune Marines sent to Libya...
Clinton, Hague meet senior 'rebel' figure...
Intelligence shows 'flickers' of al Qaeda...
MAG: NEW 'KILL TEAM' PHOTOS RELEASED...
REPORT: U.S. soldiers hacked off part of dead man's skull?
HORROR: Cut off 15-year-old boy's finger and kept as trophy...[We all knew the u.s. Military was recruiting / is now composed of felons, war criminals, etc.; but clearly, these are the blatant signs of serial killers – then that 360 tons of $100 bills still missing in Iraq, etc., serial thieves, particularly at the top down.)...
VIDEO: Two on motorcycle gunned down...***WARNING: GRAPHIC***
PHOTOS...
500,000 MARCH IN LONDON TO PROTEST BUDGET CUTS...
Turns violent; Anarchists blitz the Ritz...
ANARCHY IN THE UK
NOT DAYS, NOT WEEKS -- LIBYA OP TO LAST MONTHS...
NATO likely to expand mission...
Energized Muslim Brotherhood eyes a prize...
Unrest in Syria, Jordan Poses New Test...
Clinton: U.S. won't intervene...
REPORTER CONFINED IN CLOSET DURING BIDEN'S FLA FUNDRAISER...
'Extremely inappropriate'...
OBAMA DEFENDS...
'America has played a unique role as an anchor of global security'... NOT IN OVAL OFFICE...
NETS BALKED AT PRIMETIME ADDRESS...
HILLARY OFF TO LONDON TOWN...
WAR COST: $600 MILLION, IN 6 DAYS...
Radiation levels at nuclear plant reach new highs...
100,000X NORMAL...
Radioactive Water Extends One Mile Into Ocean...
Trace Amounts Found in Florida...
At the gates of stricken Fukushima nuke plant...
Radiation levels highest since crisis began...
'Bad Readings' Plague Effort...
Concern grows over sea contamination...
Tokyo blackouts to resume Monday...
Radioactivity detected in China...
And Nevada... And SC, Fla... And Mass...
Gaps in US radiation monitoring system revealed...
Four of EPA's 11 Sensors in CA Were Down...
Obama says he didn't know of fed op smuggling guns into Mexico...
SOROS GROUP PLOTS 'GUERILLA WAR', 'SABOTAGE' ON FOXNEWS...
AL QAEDA FIGHTERS JOIN LIBYAN REBELS...
'Al Qaeda snatched missiles'...
Boehner: Obama needs to 'provide clarity' on military objective...
U.S. officials assisted visit by Gadhafi son just before uprising...
Despite airstrikes, Tripoli residents live in terror...
British Minister Warns of Another Lockerbie...
'Black Swan' double claims Portman did only 5% of dance shots...'The ballerina who served as a dancing double for Natalie Portman’s Oscar-winnning role in Black Swan tells EW she has been the victim of a “cover-up” to mislead the public about how much dancing Portman actually did in the film. “Of the full body shots, I would say 5 percent are Natalie,” says Sarah Lane, 27, an American Ballet Theatre soloist who performed many of the film’s complicated dance sequences, allowing Portman’s face to be digitally grafted onto her body. “All the other shots are me.”

Eye on entertainment (Washington Post) [ I don't ordinarily 'do entertainment' but I'm compelled to comment that I was taken in on the following (I was somewhat amazed by what I falsely presumed to be Portman's 'quick study' ballet performance … not! … eh ... what can you expect from someone born in israel.), but not taken in as so many in the latter concerning that highly publicized 'threat to society'; the infamous Lindsey Lohan. 'Black Swan' double claims Portman did only 5% of dance shots...'The ballerina who served as a dancing double for Natalie Portman’s Oscar-winnning role in Black Swan tells EW she has been the victim of a “cover-up” to mislead the public about how much dancing Portman actually did in the film. “Of the full body shots, I would say 5 percent are Natalie,” says Sarah Lane, 27, an American Ballet Theatre soloist who performed many of the film’s complicated dance sequences, allowing Portman’s face to be digitally grafted onto her body. “All the other shots are me.”

...

Lane disagrees. “The shots that are just her face with arms, those shots are definitely Natalie,”..But that doesn’t show the actual dancing.” ..

Lane also says that Black Swan producer Ari Handel specifically told her not to talk about her work to the press, even though she claims there was no such stipulation in her contract. “They wanted to create this idea in people’s minds that Natalie was some kind of prodigy or so gifted in dance and really worked so hard to make herself a ballerina in a year and a half for the movie, basically because of the Oscar,” says Lane. “It is demeaning to the profession and not just to me. I’ve been doing this for 22 years…. Can you become a concert pianist in a year and a half, even if you’re a movie star?”' ]

Lohan rejects judge's plea offer in theft case (AP) [ It is common practice in the entertainment industry for 'loaners' far more expensive than the subject 'costume piece' here, to garner the benefit of the 'show and tell', particularly for this little hole in the wall in Venice. I mean, come on; this was hardly a surprise taking in a bustling store overrun by customers. Then there are the 'evidentiary' problems attendant to the venal motives of the store itself and monies received. In all, one must conclude that these invariably corrupt judges / prosecutors as corrupt steve the cooley (check out those land deals) like to bully the girls, ie., Lindsay Lohan, Winona Ryder, etc.. I'm not going to mention the guys of late who got a pass. Blatant misogyny? What else can you call it; particularly since they're letting scores of far more serious criminals out of jail, and we all know the numbers of serious violent criminals walkin' the streets with impunity in so-cal. Paris Hilton prosecutor arrested for buying cocaine (Reuters) ]

The Obama doctrine (Washington Post) [ The 'wobama doctrine'? Also known as 'b* s*' or 'bush s***'. Distinctions without a significant difference, one thing is certain. Mr. Milbank's article is nauseating.]Where Bush was all bright lines, Obama is subtle and situational.

Obama vigorously defends Libya intervention (Washington Post) [ I have nothing but disrespect for anyone who even listened to 'wobama the b' for b* s. After all, his teleprompter (in whatever form) was working overtime. Not that I'm enamored by that mental case Gadaffy (who forgot to duck) who was taken into that war criminal american fold (war criminal bush / now wobama) fairly recently as a 'partner in the war on terror' … riiiiight! … There is nothing failed presidents like wobama, bush, et als can say that's worth hearing. One word could have explained all … 'oil'. Criminal american values … what, despotic saudi arabia, war crimes nation israel, etc.? Apparently, unless their criminal, they're not american values. Drudgereport: MAG: NEW 'KILL TEAM' PHOTOS RELEASED...
REPORT: U.S. soldiers hacked off part of dead man's skull?
HORROR: Cut off 15-year-old boy's finger and kept as trophy...[We all knew the u.s. Military was recruiting / is now composed of felons, war criminals, etc.; but clearly, these are the blatant signs of serial killers – then that 360 tons of $100 bills still missing in Iraq, etc., serial thieves, particularly at the top down.)...
VIDEO: Two on motorcycle gunned down...WARNING: GRAPHIC*
PHOTOS...
500,000 MARCH IN LONDON TO PROTEST BUDGET CUTS...
Turns violent; Anarchists blitz the Ritz...
ANARCHY IN THE UK
NOT DAYS, NOT WEEKS -- LIBYA OP TO LAST MONTHS...
NATO likely to expand mission... No UN mandate to attack Gaddafi forces: Russia Russia said on Monday attacks on forces loyal to Libyan leader Muammar Gaddafi amounted to intervention in a civil war and were not backed by the U.N. resolution authorising no-fly zones.

‘Death Squad’: Full horror emerges of how rogue U.S. brigade murdered and mutilated innocent Afghan civilians – and kept their body parts as trophies Shocking new details emerged today of how American troops formed a ‘death squad’ to randomly murder Afghan civilians and mutilate their corpses.

Defense Secretary: Libya Did Not Pose Threat to U.S., Was Not ‘Vital National Interest’ to Intervene Gates said that Libya did not pose a threat to the United States before the U.S. began its military campaign.

Gingrich admits to a double flip-flop on Libya intervention Newt Gingrich can’t make up his mind.

] The president delivers an expansive rationale for intervention in civil conflicts, arguing the mission was undertaken with the US’ closest allies.

Tech firms hiring White House staffers (Washington Post) [ Those who can, do. Those who can't, work for the u.s. government, then u.s. companies for access to the government (contracts, protection from prosecution (wall street / goldman, etc.), etc.). This incestuous relationship has not been successful for the nation, but has been lucrative for the criminal few involved. Indeed, I can personally attest with enough knowledge and experience that american technology is horrendous and typifies that old GM failed strategy of 'planned obsolescence'. Moreover, at best, america merely assembles foreign made components for the moniker 'made in the usa'; but, not because they want to, but because at best that's all they can do, and not so good at that. What america is good at is pervasive corruption in virtually anything you can think of. Criminal america's defacto bankruptcy is testament to that. / Black Swans Everywhere Nyaradi 'Black swans seem everywhere as we have a nuclear accident in Japan, war and revolutions in the Middle East, demonstrations in Britain, and a looming U.S. Government shut down on April 8th. At Wall Street Sector Selector, we remain in the defensive mode, as black swans fly across the globe...' / Weekly Indicators: Accumulating Signs of a Slowdown Stewart 'In the rear-view mirror department, 4th quarter 2010 GDP was revised back up to 3.1%. Monthly data reported this past week, however, was depressing. New home sales were recorded at an all-time low, although balanced against December's big uptick, the last three months are still better than the three months previous to them. More ominous, however, was the big decline in consumer confidence, and in particular expectations about the future. These are the worst in 2 years, and are a leading indicator. Durable goods also came in very weak...' / Bank Failure Friday Slows Despite Increased Problem Banks Suttmeier 'The FDIC List of Problem Banks rose by 24 in the fourth quarter to 884 from 860, which is 11.5% of the 7,657 FDIC-insured financial institutions, yet the FDIC has slowed the pace of closing problem banks on Bank Failure Friday...' / The Stock Market Is In A State Of Denial- infowars.com Those of you who watch financial TV or read the financial media have probably heard the current market referred to as the “nothing matters” market since it is supposedly ignoring a spate of negative news.

] The revolving door between the federal government and U.S. tech companies isn’t new.

GOP has plan for Fannie, Freddie (Washington Post) [ They have a plan ... sounds like a plan ... By george, they think they have a plan ... Yes, it is 'Alice in Wonderland' time in america ... they're late, they're late, for a very important date ...] Government shutdown looms-Paul Kane (Washington Post) [ Shutdown? ... One can only hope, and pray ... after all, they can't muck up what they're not in session to f*** up ... Government shutdown looms Paul Kane (Washington Post) [

Treasuries Decline After Bullard Says Fed Should Review QE2 Bloomberg | Treasuries fell, pushing 10-year yields to the highest in more than two weeks.

The Week Ahead: Brace for a Setback

Fed Ponders Actions While Global Economy Reels The US dollar continues under acute pressure, as the world seeks an alternative reserve currency. The days and years of manipulation, fraud and criminal behavior are fast coming to an end.

400,000 Protest Budget Cuts, Anarchists Rampage in London The Guardian | Largest mass protest since the anti-Iraq war march in 2003.

G.E.’s Strategies Let It Avoid Taxes Altogether NY Times | Worldwide profits: $14.2 billion; U.S. profits: $5.1 billion; tax liability: zero.

Consumers have a beef with Fed over inflation Food riots, deposed Middle Eastern despots and now this? Last week, a Texas man brandishing an assault rifle was involved in a three-hour shoot-out with police and had to be subdued with tear gas after ordering seven Beefy Crunch Burritos at a Taco Bell drive-through and being informed that their price had risen from 99 cents to $1.49.

IMF Prepares For “Threat To International Monetary System” Back in April 2010, before Waddell and Reed sold a few shares of ES, effectively destroying the market on news that Europe was insolvent, we made the following observation: “The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion.”

Household wealth down 23% in 2 years – Fed A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009.

The Stock Market Is In A State Of Denial Those of you who watch financial TV or read the financial media have probably heard the current market referred to as the “nothing matters” market since it is supposedly ignoring a spate of negative news.

] Bills seek to hike fees charged to borrowers and take other steps to shrink the companies.

Black Swans Everywhere Nyaradi 'Black swans seem everywhere as we have a nuclear accident in Japan, war and revolutions in the Middle East, demonstrations in Britain, and a looming U.S. Government shut down on April 8th. At Wall Street Sector Selector, we remain in the defensive mode, as black swans fly across the globe.

On My Radar
Another volatile week is now in the books and yet another lies ahead (click to enlarge). [chart http://static.seekingalpha.com/uploads/2011/3/28/saupload_spx032611.png ] Chart courtesy of Stockcharts.com

In the chart of the S&P 500 above, we see that Friday’s close brought a “shooting star” which is composed of a gap higher at the open, higher prices during the day and then a close near the open. Within the context of an uptrend, this is a bearish pattern, as buying momentum petered out during the day.

We also see overhead resistance just ahead at the 1320-1330 level, while MACD at the bottom would contradict the bearish signs with a turn up and signal cross, albeit one that is still below the “0” line.

On the Bullish Percent Chart below, we see that supply dominates the market and that the index is in a "bear alert" and still close to overbought levels near 70% (click to enlarge). [chart http://static.seekingalpha.com/uploads/2011/3/28/saupload_222.png ] Chart courtesy of Stockcharts.com

So on a technical basis, things appear to be mixed to bearish, notwithstanding last week’s snapback rally.

On the fundamental front, the news was mixed, as well:

Bullish News: GDP revised upward from 2.8 to 3.1%, Unemployment Claims down.

Bearish News: February Existing Home Sales down, New Home Sales at record lows, Durable Goods Orders down, Michigan Consumer Sentiment down.

Around the world, the drama continued in the Middle East as the rebels gained the upper hand in Libya, thanks to the NATO (read U.S.) no fly zone and bombing against Gaddafi assets, while Syria probably deserves to be bombed, as well, with Friday demonstrations leading to security forces firing into and killing numerous members of the civilian crowd.

In Europe, a quarter million people gathered in Britain to protest the "austerity" proposals while Portugal suffered credit downgrades, spiraling bond costs and seemed to accelerate on its wild ride towards an ECB bailout.

The sad drama in Japan continues to unfold as the nuclear plants appear to be yet uncontrolled with 1200 times the legal limit of radiation being measured in the sea near the plant. (Somehow 1200 times the legal limit remains below the level considered harmful to humans and the Japanese fishing industry.) Now it appears that a leak at one of the reactor cores is possible and the U.S. military is considering mandatory evacuations of its mammoth Yokosuka naval base.

Damage estimates put the disaster at the level of four Katrinas, making it the most expensive natural disaster the world has ever seen, and global car production is being impacted both in Japan and at home as supply chains shut down.

1/3 of global auto production could be impacted with a total of approximately 5 million cars not being built this year out of a planned 72 million. Toyota (TM) is shutting down domestic manufacturing in Japan along with shuttering factories in Canada, the U.S. and Mexico, GM shut a plant in Louisiana and Ford (F) is closing one in Belgium.

The Canadians ousted their government, apparently not wanting to be outdone by the Portuguese who's leader resigned earlier in the week over the Parliament's rejection of the austerity plan to curb their deficit.

With demonstrations in Britain, the downfall of the government in Portugal and growing unrest in Germany, one can only conclude that this whole austerity idea isn't going down too well on the Continent.

Of course the same could be said of our situation here in the United States where the news is less dramatic but still volatile.

President Obama will face the nation on Monday night to explain/justify the Libyan operation while Congress grapples with the budget morass and faces a rapidly approaching deadline of April 8th at which point the government officially runs out of money and faces a shutdown.

And let's not forget the small item that "Obama Care" will be 8% more expensive than forecast and that there's a $2.3 Trillion gap between the U.S. Congressional Budget Office's estimates of the budget deficit over the next ten years of $9.5 Trillion versus the White House estimate of $7.2 Trillion.

But what's $2.3 Trillion among friends, and who's counting anyway as Dr. Bernanke continues buying nearly all of the U.S. Treasury bonds that come up for sale in these "Alice in Wonderland" days.

The black swans continue flying, and more and more the story becomes a simple war between the central banks of Europe, Japan and the United States and the black swans that circle the globe.

The Week Ahead

A huge week of data lies ahead that clearly have the power to move the markets up or down. Friday will be a monster with news on employment, manufacturing construction spending and car sales.

Monday: February Personal Income, February Personal Spending, January Pending Home Sales

Tuesday: January Case/Shiller Home Price Index, March Consumer Confidence

Wednesday: March Challenger Job Cuts, March ADP Employment

Thursday: Initial Unemployment Claims, Continuing Claims, March Chicago PMI, February Factory Orders

Friday: March Non Farm Payrolls, March Unemployment, March ISM, February Construction Spending, April Car/Truck Sales

Sector Spotlight

Leaders: (NYSEArca: ECH) iShares Chile (NYSEArca: EZA) iShares South Africa, (SLV) iShares Silver)

Laggards: (NYSEArca: TLT) iShares 20 Year Treasury (NYSEArca: REM) iShares FTSE NAREIT Mortgage REIT ...'

Weekly Indicators: Accumulating Signs of a Slowdown Stewart 'In the rear-view mirror department, 4th quarter 2010 GDP was revised back up to 3.1%. Monthly data reported this past week, however, was depressing. New home sales were recorded at an all-time low, although balanced against December's big uptick, the last three months are still better than the three months previous to them. More ominous, however, was the big decline in consumer confidence, and in particular expectations about the future. These are the worst in 2 years, and are a leading indicator. Durable goods also came in very weak. While this is a volatile indicator, over the last 6 months it has trended sideways. Did I mention that this is also a leading indicator? In short, oil's choke collar is biting into the economy.Turning now to the high-frequency weekly indicators:The BLS reported that Initial jobless claims last week were 382,000. The 4 week average is 385,000. This is the fifth week in a row that this number has been initially reported below 400,000. This bodes well for the next payrolls report.On the other hand, oil was trading at about $105.65 a barrel Friday midday, the third full week it has been above $100. It remains at a level above 4% of GDP. There WILL be a significant economic damage and I believe we are now observing the start of that damage. Gas at the pump declined $0.01 last week to $3.56 a gallon. Gasoline usage again was slightly lower than last year. I expect this comparison to deteriorate so long as the oil price spike continues.Railfax was up 5.7% YoY. Baseline traffic is now no higher than last year's levels, and cyclical traffic is only slightly higher. Waste materials are now below last year's levels. Shipments of motor vehicles, however, continued to improve YoY. Intermodal freight's rate of advance over last year declined last week. With the exception of motor vehicles, rail freight is now also signalling a significant slowdown.The Mortgage Bankers' Association reported an increase of 2.7% in seasonally adjusted mortgage applications last week. This series has meandered generally in a flat range since last June. On the plus side, this is the longest time since 2006 that this series has gone without a major decline. Refinancing also increased another 2.7%, but despite that remains near its lows since last July.The American Staffing Association Index remained at 91. This series has stalled at the 90-91 level for 6 weeks. It is signalling stagnation, not growth, and is stalled relative to its pre-recession peak.The ICSC reported that same store sales for the week of March 19 rose 3.0% YoY, and decreased -0.1% week over week. Shoppertrak reported a 4.0% YoY gain for the week ending March 19, and a WoW gain of 3.9%. Unlike almost every other series, these two series' YoY comparisons have been improving over the last month.Weekly BAA commercial bond rates declined -.10% to 5.98%. This compares with a -0.15% deline in the yields of 10 year treasuries to 3.29%. Both series are down from recent highs. This was the second week in which the relative move in corporate bonds signalled weakness.M1 was unchanged w/w, up 0.5% M/M, but up a strong 9.0% YoY, so Real M1 is up 7.8%. M2 was down -0.3% w/w, up 0.3% M/M and up 4.6% YoY, so Real M2 is up 2.4%. M2 is back into the "yellow zone" below 2.5%, but M1 is still strongly in the "green zone" as it has been for several years.Adjusting +1.07% due to the recent tax compromise, the Daily Treasury Statement showed that for the first 17 days of March, $135.5 B was collected vs. $134.6 B a year ago, for a gain of +0.6% YoY. For the last 20 days, $162.1 B was collected vs. $150.9 B a year ago, for a gain of $11.2 B, of over 7.4%. I suggest using this series with extra caution, because the adjustment for the withholding tax compromise is only a best guess, and may be significantly incorrect.For the first time since mid-2010, the LEI may have a negative month in March. Consumer confidence, durable goods, and (Feb.) housing permits are all down strongly. The stock market and money supply look like they will record essentially neutral readings. Only the bond spread yield and initiall unemployment claims look like strong positives. It is worth noting, on the plus side, that ECRI's growth indicator continues to be positive, and they are not revising their forecast of continued growth. Neverthelss, as I said at the outset, it appears that the Oil choke collar is indeed beginning to constrict the economy.Finally, the Census Bureau reported Friday that the Latino population has increased to 50.5 million people, or about 16% of the total US population. All of which make Los Estados Unidos the third most populous Latin American country after Brazil and Mexico (surpassing Argentina and Columbia).'

On Investor Uncertainty, Stock Market Fluctuations and Unemployment Hansen 'Uncertainty causes most to delay decisions relating to their future.

Investors in the last few weeks faced with uncertainty following the Japanese tsunami and reactor meltdown have jumped in and out of stocks.

Dave Rosenberg at Gluskin Sheff this past week detailed the differences in risk to investors in 2011 compared to 2010. Uncertainty, appears to be on the rise.

click to enlarge images [chart http://albertpeia.com/z_pimco11-3-23-2011.png ]

My colleague Ellen Beeson Zentner, Vice President & Senior U.S. Macro Economist at Bank of Tokyo – Mitsubishi (BTMU) pointed out certain correlations this week between stock market volatility and jobs.

Volatility, especially in the stock market, is a bad thing. If it rises sharply, and persists, it has the ability to be a job killer and exhibits the same affect on business investment as well. The most recent example can be taken from the European debt crisis, which flared in April 2010. The labor market had just turned in early 2010 and job growth looked to be accelerating (see Graph II), then stock market volatility spiked and by May businesses had slowed hiring in the face of the uncertain economic outlook. Just as happened during the EU debt crisis last year, we don’t believe businesses will conduct layoffs if volatility continues. Rather, it would result in a slowdown in hiring as plans are put on the back-burner.

[chart http://static.seekingalpha.com/uploads/2011/3/27/saupload_z_weekly11.png ]

There is no question uncertainty is rising. The question we should be asking is how much of this uncertainty translates to business. Looking at Dave Rosenberg’s list of risks, many appear to be investor risks.

The global economy is not gearing up in anticipation of breakout growth. Companies are faced with rising commodity prices – and it does not take a genius corporate executive to know rising material and component prices are major headwinds.

The predominant risk to business is rising commodity prices at a time there is little wage growth in the advanced economies. Consumers as a group remain near their debt limits – and rising costs translates to more selective spending.

Econintersect suggests that commodity prices themselves may be the natural global economic regulator at this juncture – and not the economy killer suggested by some. With business already lean and mean, price movements slow and speed up economies without destructive gutting seen in 2008.

Business that has survived the Great Recession is operating with excess capacity and cash, and can adjust for price inflation – all while maintaining a profitable bottom line.

And with any luck get a few major technological breakthroughs along the way. Nothing spurs business more than exploring ways to reduce costs.

Economic News this Week:

Econintersect’s economic forecast for March 2011 points to a moderately improving economy with all segments of its non-monetary index positive. This week the Weekly Leading Index (WLI) from ECRI declined slightly from 7.1% to 6.5%. This level implies the business conditions six months from now will be approximately the same or slightly improved compared to today. [chart http://static.seekingalpha.com/uploads/2011/3/27/saupload_z_weekly_indexes1.png ]

Initial unemployment claims in this week’s release was essentially unchanged due to backward revision to previous weeks. The data for the last two months as been quite noisy, and it remains important to follow the four week moving average for analysis of unemployment to smooth out the reporting idiosyncrasies. Overall, the trend line for jobs loss is improving – and is now roughly the same as mid-2008.[chart http://static.seekingalpha.com/uploads/2011/3/27/saupload_z_unemployment1.png ]

The data released this week is considered positive and consistent with Econintersect’s January, February and March forecasts of slightly to moderately improving economic conditions overall. All data – except housing – remains up year-over-year (YoY) – although less good as it is being compared to relatively strong 2010 data. All trend lines continue to show continuing YoY growth.

Weekly Economic Release Scorecard:

Item	Headline	Analysis
Final 4Q2010 GDP	Revised Up	GDP has gone from 3.2% (advanced) to 2.8% (2nd release) – and now the final release is 3.1%
February Durable Goods	Down	Not necessarily down – just less good
Federal Reserve 2010 Financial Statement		Compare QE1 to QE2
Global Economic Assessment		Questions whether anyone can correctly assess risk in 2nd half of 2011
Future Jobs Growth		CBO envisions a 2000 decade tepid jobs growth until 2021
February Truck Tonnage	Down	Up YoY, data just less good than January
February New Home Sales	Down	Worst data ever
Electric Generation Fuel Comparisons		Compared Coal to Uranium as tomorrow’s fuels
Japan’s Meltdown		How it effected consumer metrics
February Existing Home Sales	Down	Yes, down YoY against a 2010 incentive driven home sales month
February CFNAI	Down	Up because of backward revision
Big Banks		Explores limits of large banking institutions globally
Micro-Cap Stocks		Clive Corcoran finds Micro-caps are outperforming
Hated Investments		Jeffrey Dow Jones explores profiting from investments most hate
Investing Week		Jeff Miller maintains investors must look beyond the headlines
Stock Market Prices		Erik McCurdy argues the market may be beginning a topping process
Libya		Elliott Morss questions what drove international involvement in Libya.
Economic Chernobyl		Rick Davis compares the elements of the Chernobyl meltdown to the USA economic situation
USA Treasuries		GEAB believes the USA treasury market will collapse in 2011 for a variety of reasons
UM Consumer Sentiment	Down	Plummets 77.5 to 67.5

Bankruptcy this Week: Epic Energy Services and its subsidiary, Epic Integrated Services, GeoPharma

Failed Banks this Week: [chart http://static.seekingalpha.com/uploads/2011/3/27/saupload_z_failed_banks.png ]

Bank Failure Friday Slows Despite Increased Problem Banks Suttmeier 'The FDIC List of Problem Banks rose by 24 in the fourth quarter to 884 from 860, which is 11.5% of the 7,657 FDIC-insured financial institutions, yet the FDIC has slowed the pace of closing problem banks on Bank Failure Friday. As the first quarter draws to an end the FDIC has closed only 26 community banks year to date, including one last Friday.
Since the end of 2007 the FDIC has closed 348 banks on the way to my predicted 500 to 800 bank closings into 2012 / 2013. Many of the remaining community banks have the same overexposures to commercial real estate loans including construction & development loans that cause the 348 banks to fail. If the banking system was improving the number of problem banks would be declining not rising.
There are 1265 community banks that remain overexposed to C&D loans and another 1358 that are overexposed to CRE loans excluding C&D loans. This includes nonfarm and nonresidential real estate loans. The total of 2623 community banks is 34.3% of all banks that still needs to unwind risk exposures.Looking at pipeline risk, which is the ratio of CRE loans to CRE loan commitments, 4479 community banks have a pipeline that’s 80% or more funded, which is 58.5% of all FDIC- insured financial institutions. Such a high ratio indicates that borrowers are late in making loan payments.
Total assets in the banking system declined $51.8 billion in the fourth quarter 2010 with C&D loans down $32.5 billion. Even so C&D loans still total $321.6 billion with nonfarm, non-residential real estate loans at $1.07 trillion. Potential problem loans thus total nearly $1.4 trillion, which continues to show considerable stress in the banking system. This stress translates into tighter lending standards with banks with these overexposures reluctant to lend.You cannot have a job-creating sustained economic recovering with the housing market depressed and with continued stress in the banking system.Not helping matters is fact that US Treasury yields are on the rise once again. On March 16 the yield on the 10-Year US Treasury note was as low as 3.139. Last Friday’s close was 3.443. This is pushing up mortgage rates once again.In March we learned that existing home sales declined 9.6% in February with New Home Sales plunging 16.9% to a record low. Home prices fell 5.2% year over year. This is a major economic risk.

Stocks Remain Overvalued Fundamentally -- We are not operating under a ValuEngine Valuation Warning, but 59.4% of all stocks are overvalued. In addition all 16 sectors are overvalued with five by double-digit percentages.'

The Behavior of U.S. Treasury Yields Post Bernanke’s QE2 Wall St Cheat Sheet 'The behavior of Treasuries (NYSE:TLT) is an area of special interest in light of the Fed’s second round of quantitative easing, which was formally announced on November 3rd. The first chart shows the percent change for a basket of eight Treasuries since November 4th. Yields had risen dramatically since then. However, we’ve saw an accelerating reversal from mid-February until March 16th. But St. Patrick’s Day was the beginning of a renewed rise in yields...[charts]'

Inconvenient Economics: Despite QE2, Disposable Income Drops - Wiggin 'Gold slumped about $25 over the weekend. At last check, the spot price was $1,421 per ounce. Silver, too, got whacked early on but recovered and at $37.17, it remains $3 above where it was only a month ago.

We’re sure traders are covering bets and taking profits, but we detected another sell signal for the yellow metal, and it’s a specious one, at best.

“Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action,” Fed Chair Ben Bernanke wrote in a Washington Post Op-Ed following the announcement of QE2 last November. “Higher stock prices will boost consumer wealth and help increase confidence,” he continued, “which can also spur spending.”

If Joe Wage Earner sees a bigger 401(k) balance, the theory goes he’ll go out to Home Depot and redo the kitchen.

Indeed, with the S&P above 1,310, the “wealth effect” does seem to be at play once again. Consumer spending rose 0.7% last month, the largest increase since October 2010. Add to that the fact that most Americans got their Social Security withholding slashed by one-third starting the first of the year, thanks to the stimulus rushed through Congress at the end of last year, and the Fed governors want you to know it.

Philadelphia Fed chief Charles Plosser hinted at monetary tightening in the “not-too-distant future.” last Friday afternoon. “The economy has gained significant strength and momentum since last summer and seems to be on a much firmer foundation going forward,” he said.

On Saturday, St. Louis Fed chief James Bullard, reading from the same playbook, went a step further. He let it drop that QE2 might be wound down before its scheduled June 30 end date because “the economy is looking pretty good.”

The dollar index has even popped, firming to 76.4, a full point higher than it stood at this time a week ago, when it touched a 15-month low.

Unfortunately, disposable income, with “inflation” factored in, fell 0.1% last month, according to the Commerce Department. It’s the first drop since September. Consumer prices for gas and food rose in February at their fastest clip since July 2008.'

Treasuries Decline After Bullard Says Fed Should Review QE2 Bloomberg | Treasuries fell, pushing 10-year yields to the highest in more than two weeks.

The Week Ahead: Brace for a Setback

Fed Ponders Actions While Global Economy Reels The US dollar continues under acute pressure, as the world seeks an alternative reserve currency. The days and years of manipulation, fraud and criminal behavior are fast coming to an end.

400,000 Protest Budget Cuts, Anarchists Rampage in London The Guardian | Largest mass protest since the anti-Iraq war march in 2003.

G.E.’s Strategies Let It Avoid Taxes Altogether NY Times | Worldwide profits: $14.2 billion; U.S. profits: $5.1 billion; tax liability: zero.

Consumers have a beef with Fed over inflation Food riots, deposed Middle Eastern despots and now this? Last week, a Texas man brandishing an assault rifle was involved in a three-hour shoot-out with police and had to be subdued with tear gas after ordering seven Beefy Crunch Burritos at a Taco Bell drive-through and being informed that their price had risen from 99 cents to $1.49.

IMF Prepares For “Threat To International Monetary System” Back in April 2010, before Waddell and Reed sold a few shares of ES, effectively destroying the market on news that Europe was insolvent, we made the following observation: “The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion.”

Household wealth down 23% in 2 years – Fed A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009.

The Stock Market Is In A State Of Denial Those of you who watch financial TV or read the financial media have probably heard the current market referred to as the “nothing matters” market since it is supposedly ignoring a spate of negative news.

Portugal Latest Stop on Euro’s On Well-Traveled Path to Failure As the world’s eyes remain riveted on disaster and recovery in Japan and political upheaval in the Mideast, Eurozone nations continue their struggle to salvage the euro.

Glenn Beck And The Federal Reserve Last Friday, Glenn Beck did an entire show on the Federal Reserve. It had been a highly publicized show and many people were wondering how Beck was going to handle the subject.

Fed Ponders Actions While Global Economy Reels The US dollar continues under acute pressure, as the world seeks an alternative reserve currency. The days and years of manipulation, fraud and criminal behavior are fast coming to an end.

National / World

MELTDOWN: Plutonium Found In Soil At Fukushima As Cover Up Continues Steve Watson | Deadly radioactive water leaking into soil and ocean.

Soros’ Media Matters Declares War On Alternative Media Kurt Nimmo | Alex Jones and the Alternative media are more of a threat to the establishment than any number of corporate media coiffured talking heads.

Pseudo-Intellectual Hit Piece Emblematic Of Crumbling Elitist Media Paul Joseph Watson | New York Magazine smear portrays Alex Jones as paranoid, Fox News-wannabe while assuring readers that malevolent global elite doesn’t exist.

Soros Libs Engage in Agit-prop Sabotage Against Fox and Conservatives Infowars.com | Democrats and libs declare guerrila warfare against the First Amendment.

Nuclear Expert Calls Global Warming Alarmist Monbiot “Criminally Irresponsible” For Downplaying Fukushima Prominent nuclear and radiation expert Dr. Christopher Busby has slammed British global warming alarmist George Monbiot as being “criminally irresponsible” for writing a series of articles for the Guardian in which Monbiot downplays the threat of radiation from the stricken Fukushima nuclear plant in a bid to shore up his claims about man-made climate change being a far deadlier concern.

Highly radioactive water spreads at Japan plant Highly radioactive water has leaked from a reactor turbine building at a stricken nuclear plant in Japan, the operator said Monday, adding to fears the liquid is seeping into the environment.

Radiation levels at Japan nuclear plant reach new highs As radiation levels at the Fukushima Daiichi nuclear plant reached a new high Sunday, workers contended with dark, steamy conditions in their efforts to repair the facility’s cooling system and stave off a full-blown nuclear meltdown.

No UN mandate to attack Gaddafi forces: Russia Russia said on Monday attacks on forces loyal to Libyan leader Muammar Gaddafi amounted to intervention in a civil war and were not backed by the U.N. resolution authorising no-fly zones.

‘Death Squad’: Full horror emerges of how rogue U.S. brigade murdered and mutilated innocent Afghan civilians – and kept their body parts as trophies Shocking new details emerged today of how American troops formed a ‘death squad’ to randomly murder Afghan civilians and mutilate their corpses.

Ron Paul Calls for End to Empire in N.H. Visit Voters who are hoping for a more bipartisan approach to problem solving in Washington, D.C. might not like what they hear from Congressman Ron Paul.

Defense Secretary: Libya Did Not Pose Threat to U.S., Was Not ‘Vital National Interest’ to Intervene Secretary of Defense Robert Gates said that Libya did not pose a threat to the United States before the U.S. began its military campaign against the North African country.

Gingrich admits to a double flip-flop on Libya intervention Newt Gingrich can’t make up his mind.

TV Ads Normalize Thuggish TSA Behavior Kurt Nimmo | Corporate advertising makes light of Gestapo behavior.

When Does a Nuclear Disaster End? Never Tony Cartalucci | It will be hundreds of years before the area around the destroyed reactor is inhabitable again.

Poll: U.S. Will Send Ground Forces into Libya Kurt Nimmo | Russian intelligence believes coalition of globalists will send ground troops into Libya next month.

Fukushima Reactor 2: Radiation 10 Million Times Above Safe Level Infowars.com | IAEA has warned the crisis could go on for months.

A Simple Way To Resolve The True Radioactivity At Reactor 2 Zero Hedge | Here is a simple way to clear up the flap over the earlier “false” reporting on whether or not TEPCO screwed up.

Weather Models Show High Levels of Radiation Entering U.S. from Japan Kurt Nimmo | UN bureaucrat says radiation release could go on for months as authorities are clueless on how to stop the disaster.

Censored TV Ad Banned from Airwaves Infowars.com | A television ad that features Alex Jones’ narration has been banned from broadcast.

TEPCO Admits To Another Cover Up As Radioactivity Appears in Seawater Zero Hedge | Radioactivity at a concentration 1,250.8 times than the legal limit.

Libyan Rebel Leader Admits Connection to CIA al-Qaeda Asset in Iraq Kurt Nimmo | It turns out the Libyan rebel commander is al-Qaeda, that is to say an intelligence operative.

Ron Paul On Libyan Attack Infowars.com | Appearing on CNN, Paul roundly criticized Obama’s war against the people of Libya.

Drudge: Reporter Confined in Closet During Biden Fundraiser

Drudge Report | Orlando Sentinel reporter confined in a closet this week to keep him from mingling with high-powered guests gathered for a Democratic fundraiser.

Sarkozy the Zionist Threatens Arabs with Death and Destruction

Pentagon to Target Populated Urban Areas in Libya Kurt Nimmo

Censored TV Ad Banned from Airwaves A television ad for EndofAmericaVideo.com that features Alex Jones’ narration has been banned from broadcasting on nearly every major cable and satellite network.

Nearly Half of U.S. EPA’s West Coast Radiation Monitors Might be Out Sick Eight of the EPA’s 18 West Coast monitors might not be working!

Lack of data from Japan distresses nuclear experts Nuclear scientists and policy experts say the quality and quantity of information coming out of Fukushima has left gaping holes in their understanding of the nuclear disaster nearly two weeks after it began.

High radiation levels at Japanese plant raise new worry Highly radioactive water has been found at a second reactor at a crippled nuclear power station in Japan, the plant’s operator said, as fears of contamination escalated two weeks after a huge earthquake and tsunami battered the complex.

Radioactive Cesium With A Half-Life Of Approximately 30 Years Is Being Released At About 60 Percent Of Chernobyl Levels Why does it seem as though the nuclear crisis in Japan just keeps getting worse with each passing day? TEPCO has announced that extremely radioactive water is now leakingfrom reactors 1, 2, and 3 at their damaged nuclear complex.

GoogleEarth Based 3D Map Of Real-Time Radioactivity Distribution In Japan; Projected Global Radioactivity Dispersion Confirming that in a time of instantaneous crowdsourced information distribution and analysis, any attempt by a government to institute an information blackout of any nature is doomed to failure, is the following amazing Google Earth-based 3D interactive map of Geiger readings from Japan.

Libyan Rebel Leader Admits Links To “Al Qaeda” Fighters The commander of anti Gaddafi rebels forces in Libya has admitted that among the ranks of those fighting against the government are islamic militants who have fought and killed US troops in Iraq, otherwise known as “al qaeda” fighters.

Gates Instructs Syrian Military to Impose Color Revolution As we have documented, the so-called popular revolutions spreading across the Middle East are orchestrated affairs unleashed by the globalists, their NGOs, and agencies of the U.S. government.

Paul Watson: Japanese Authorities Admit Deadly MOX Plutonium Reactor Is Leaking Paul Watson sits in for Alex and leads the discussion on the latest developments in Japan.

Will Financial Problems In Portugal Cause The European Debt Crisis To Spiral Out Of Control? Most Americans have no idea just how bad the financial problems over in Europe are right now. The truth is that the entire European financial system is teetering on the brink of disaster.

Libya: The Objective of “Humanitarian Bombing” is Death and Destruction The objective of the media disinformation campaign is to blatantly obfuscate the loss of life of civilians. Western media reports on casualties are heavily convoluted. Tomahawk missiles and aerial bombings are upheld as instruments of peace and democracy. They do not result in civilian deaths.

Gaddafi: America’s easy target? The US opts not to interfere in the internal affairs of its allies in the region, no matter how grave the situation becomes.

Barack Obama to lawmakers: We won’t kill Qadhafi President Barack Obama told congressional leaders there are no plans to use the U.S. military to assassinate Libyan strongman Muammar Qadhafi — despite the administration’s policy of seeking regime change in the North African country — according to sources familiar with a Friday White House Situation Room briefing.

Libyan rebels regain Ajdabiya after RAF Tornado jets wreak havoc on Gaddafi’s heavy units Libyan rebels have regained control of the eastern gateway city of Ajdabiya after international airstrikes on Moammar Gadhafi’s forces.

Deaths reported as demos held in Syrian cities Protesters took the streets in a number of Syrian cities Friday to demand major change, dismissing promises of reforms by the authorities as rights activists reported deaths in police shootings.

NATO Airstrike in Afghanistan Claims Civilians A NATO airstrike targeting Taliban fighters accidentally killed and wounded an unspecified number of civilians Friday in the southern province of Helmand, one of the most insecure regions in the country, NATO officials said on Saturday.

Celente: Would US target Libya if they had broccoli instead of oil? Fresh air strikes have rocked the Libyan capital Tripoli, with reports of more civilian casualties. Gerald Celente from the Trends Research Institute says NATO is just a cover for the U.S. and the Libyan mission is about gaining control of the country’s oil.

Farage: Rompuy Says Libya Attack About “Regime Change” The UN says it’s alarmed by the looming humanitarian crisis in Libya. Officials warn food supply lines have been disrupted and over three hundred thousand refugees have already fled the country. Nigel Farage, MEP and leader of the UK Independence Party, believes the whole military strategy in Libya has not been thought through.

NATO Aggression on Yugoslavia: Challenging an Illegal War The Centre for Research on Globalization presents Diana Johnstone, filmed in Belgrade, Serbia at the March 24, 2009 commemoration of NATO aggression against Yugoslavia.

Europe wrestles with debt crisis (Washington Post) [ Yet they're doing these wars like they have money to burn. And, at the rate they're printing these fiat currencies, burning will be about all the worthless paper will be good for.

350 British special forces already deep inside Libya… and more are ready to be deployed Hundreds of British troops have been deployed deep inside Libya targeting Colonel Gaddafi’s forces – and more are on standby.

Drudgereport: MOODY'S THREATENS TO DOWNGRADE BRITAIN'S DEBT...
STUDY: US Finances Rank Near Worst in World...
Libya Mission 'clouded by confusion'...
White House: Days, not weeks...
France: Weeks, not days...
Dem Rep: Obama told me US would be 'in and out'...

How Can America Create Wealth If Our Industrial Base Is Destroyed? Any economy that constantly consumes far more wealth than it produces is eventually going to be in for a very hard fall. Many point to relatively stable GDP numbers as evidence that the U.S. economy is doing okay, but the truth is that we have had to borrow increasingly massive amounts of money to keep GDP numbers up at that level.

Beware the Fed Driven Market Parnell ' A review of the headlines heading into trading on March 23, 2011 was notable:

* Portugal braces for government collapse over austerity vote

* Ireland’s 10-year bond yield hits record at over 10%

* Bombing in Israel bus station

* Yemen’s pro-U.S. leader in talks on exit

* U.S. new home sales lowest on record, prices fall to December 2003 levels

* Federal Reserve rejects Bank of America dividend raise

Censored TV Ad Banned from Airwaves [ This presentation is really quite good; indeed, so good, I archived it on my website out of fear of censorship / blacklist / ban. Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video on the economic / financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb ) Written text of presentation (without pictures / charts)

Fears grow about reactor leak (Washington Post) [ Not to be alarmist for the sake of fear-mongering; but clearly, as indeed they should. This is a very big deal. Drudgereport: Fears rise that Japan could sell off U.S. Debt ... [ Not only selling ... they won't be buying! ]...
Dangerous breach suspected at Japan nuke plant...
WATER RADIATION 10,000X NORMAL...
Japan Quietly Evacuates Wider Radius From Reactors...
Toll rises to 27,000 dead, missing...

Japanese Authorities Admit Deadly MOX Plutonium Reactor Is Leaking Paul Joseph Watson | Has cover-up of leakage been ongoing since massive March 14 explosion?

Radiation: Nothing to See Here? Administration spokespeople continuously claim “no threat” from the radiation reaching the US from Japan, just as they did with oil hemorrhaging into the Gulf. Perhaps we should all whistle “Don’t worry, be happy” in unison. A thorough review of the science, however, begs a second opinion.

As TEPCO Reports Increased Possible Radiation Release, Japan Expands Voluntary Evacuation Radius To 30 km The latest news from Fukushima continue progressing from bad to worse. Which of course means that the (physical) silver lining around the mushroom cloud will be that much more potent: after all, the greater the destruction, the higher the Russell 2000. Just ask the Keynesians.

Japanese Authorities Admit Deadly MOX Plutonium Reactor Is Leaking While the mass media has all but dropped its interest in the Fukushima crisis to focus on Libya and meaningless side-issues like the death of Elizabeth Taylor, the nuclear nightmare only worsens, as Japanese authorities admit that reactor number 3, which is the only reactor to contain MOX plutonium, is now leaking.

U.S. Consumer Sentiment Fell More Than Forecast in March Bloomberg

Household wealth down 23% in 2 years – Fed A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009.

The Stock Market Is In A State Of Denial Those of you who watch financial TV or read the financial media have probably heard the current market referred to as the “nothing matters” market since it is supposedly ignoring a spate of negative news.

As Adjusted Monetary Base Rises By Half A Trillion In 2011, Treasury Runs Out Of Debt Ceiling Delay Measures

Gold And Silver Are Thriving While The U.S. Dollar Is Dying Have you heard the news? Gold hit another new record high on Thursday. It reached $1447.40 before settling back a bit. Most people responded to that news with a yawn.

Reexamining human nature [ Reexamining? Just don't look too closely; else there goes your book. 'Dark side of human nature', a cliche. 'Man's inhumanity to man', a recurring theme bandied about for so long it's now a proverb. Emotion / reason, character / IQ; such mental masturbation ignores stark realities, the most prominent of which is that in evolutionary terms vis-a-vis the species, though I hate to be the spoiler, 'time has run out'. After all, in the last analysis, what can you really expect from a species derived from apes, notochordates, and initially single celled organisms. One might even say in light of such humble beginnings, 'hey, not bad!' I would not be one of them. ( Neanderthals, Humans Interbred, DNA Proves

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 [ I’m adding this here, having seen while flipping channels an anthropologist talking up somewhat speciously the brain size of Neanderthals. The important but missed point here was potential ‘brain-power’ unrealized. Think of it this way: In the life-threateningly cold climes they inhabited, pre-occupation with warmth, fire, wood for fire, food, mere survival usurped all their waking moments. Have you ever tried to study, learn, think clearly (and new thoughts / neurogenesis thereby) under such harsh and perilous conditions; successfully? Neither could they. ]

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.`

   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   ). ] In “The Social Animal,” David Brooks reveals what it means when emotion clashes with reason and character is at war with IQ.

350 British special forces already deep inside Libya… and more are ready to be deployed Hundreds of British troops have been deployed deep inside Libya targeting Colonel Gaddafi’s forces – and more are on standby.

Japanese officials expand evacuation zone around the crippled nuclear plant.

How much does war really cost? (Washington Post) [ This is a question much like that poignant, famed response of J. P. Morgan to a question of a similar vein (whether the inquirer could afford buying a boat); the answer being if you have to ask you most assuredly can't (afford it). The nation is defacto bankrupt, after all. These wars have not been worth doing at all except for those few war profiteers, military industrial complex, israel, zionists, neocons, etc.. Yeah, it's actually worse here in terms of insurmountable magnitude.(Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ). That wobama is a failed president, there is no question. Yet, the gop's 'never saw a war / conflict they didn't like' for the sake of the military industrial complex, war profiteers, israel, war criminals, the few, etc., despite the defacto bankruptcy of the nation is quite beyond the pale. ‘US is broke, dollar down, yet policy is to divide & conquer’ RT | America is getting involved in another long-term war, which will ruin its economy. US Approaching Insolvency, Fix To Be ‘Painful’: Fisher CNBC | The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,”. Kucinich: War is a swamp, Obama Libya action unconstitutional Drudgereport: FED: US Approaching Insolvency... ]

Household wealth down 23% in 2 years – Fed A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009.

The Stock Market Is In A State Of Denial ... ignoring a spate of negative news.

As Adjusted Monetary Base Rises By Half A Trillion In 2011, Treasury Runs Out Of Debt Ceiling Delay Measures

OPINION | If a war is not worth a tax, or spending cuts, then perhaps it is not worth doing at all.

How Can America Create Wealth If Our Industrial Base Is Destroyed? Any economy that constantly consumes far more wealth than it produces is eventually going to be in for a very hard fall. Many point to relatively stable GDP numbers as evidence that the U.S. economy is doing okay, but the truth is that we have had to borrow increasingly massive amounts of money to keep GDP numbers up at that level.

Come on! Upward revision of GDP by the scandal-scarred commerce department? You can’t believe anything these desperate self-servers say! This manipulated bubble in this secular bear market based on b* s* alone and today’s suckers’ rally on more badworse than expected news provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed (this would also help significantly the hapless, hopeless budget scenario). Fed to hold regular news conferences (Washington Post) [ Wow! Just what everyone needed … more spoon-fed b* s* / jawboning by the flawed, flatulent, faultful fed … for the sake of fraudulent wall street … you do remember those 'no-recession' jawbone sessions that sent the prior bubble expanding faster than 'the big bang' itself … until every got and continues to get banged from the last bubble-fraud crash. What do you expect these incompetent, fraudulent criminals / accomplices to say? That they haven't the slightest clue what they're doing and the damage they've already done? Come on! The more they speak, the less you really know; and, to borrow from that old saying / cliché … how do you know they're lying?... answer: 'their lips are moving'... They lie all the time … sometimes even when they don't have to. M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ ] Chairman Bernanke’s move is part of efforts by the central bank to make the institution appear less secretive. States target jobless benefits (Washington Post) [ Sounds like a plan … from h**l … after all, beyond the rhetoric, propaganda, fake data / reports, etc., the only real manufacturing going on in pervasively corrupt / defacto bankrupt america is ever more worthless fiat paper currency, new fangled wall street paper / securities / toxic asset bubble-frauds, etc.. Unemployment numbers from the labored labor department? The ‘expiration / stopped looking, everyone’, at best. How can anyone believe anything the pervasively corrupt, defacto bankrupt u.s. government says. Durable goods (leading indicator) 200% worse than expected, stocks rally. ‘ February Durable Goods Orders Disappoint NEW YORK (TheStreet) Bharatwaj …’ This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? … wise to lighten up some into strength ... BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows New homes are bad deals in some areas (Washington Post) [ If it only was just the new homes being bad deals in some areas … and if it only was just real estate and not, ie., grossly over-valued u.s. stocks, which rallied on the much worse than expected news, etc.. Post 'The rise (in stocks) came in spite of record low new-home sales data and continued worry about the European debt crisis.' Select Stocks Boost Markets: Dave's Daily [ Dave: '...Economic data focused on New Home Sales which were down nearly 17% causing the Homebuilder ETF (XHB) to rally. I kid you not! ...' ] ] Michigan moves to cut its unemployment program despite troubling jobless rates.

Don't Fight the Fed: Dave's Daily 'Some good earnings from software leader Oracle and upwardly revised GDP (mostly on expanding inventories) helped markets rally modestly Friday. Most important, $20 billion in POMO this week tells the tale for markets and bulls. It seems the world can blow up and bulls would still be chucking it in there as long the man with the big stack has their backs. Consumer Sentiment was lower since oil prices over $100 are off-putting to say the least and home prices continue to suffer. With commodity prices still rising it's uncertain whether corporations will be able to pass these higher costs to end users or consumers. If they can, we have inflation that only rigged government data can deny. The dollar rallied modestly but commodities still rallied overall while bonds fell slightly. Volume continues to dry-up but I suppose most investors pay little heed to this bearish condition. Who's buying? Those lucky Primary Dealers (dba, Da Boyz) with free stake money from Uncle Sugar. Breadth per the WSJ was positive. As quickly as we were short-term oversold last week, we're now at neutral to a little overbought.'

Beware the Fed Driven Market Parnell ' A review of the headlines heading into trading on March 23, 2011 was notable:

* Portugal braces for government collapse over austerity vote

* Ireland’s 10-year bond yield hits record at over 10%

* Bombing in Israel bus station

* Yemen’s pro-U.S. leader in talks on exit

* U.S. new home sales lowest on record, prices fall to December 2003 levels

* Federal Reserve rejects Bank of America dividend raise

Investment markets do not like uncertainty. And on any normal trading day, simply one of these headlines alone might provide justification for stock investors to take pause and reevaluate risk exposures. So with six such major headlines in a single day, it would have been more than reasonable to expect that stocks might head lower for the trading session, as investors would be inclined to take some money of the table as they analyze the implications of some if not all of these events. And such risk aversion would be particularly prudent in a stock market that has nearly doubled since the March 2009 lows and has risen by over +30% in a virtual straight line since last summer.

When trade opened Wednesday morning at 9:30AM, a pullback was exactly what we saw, as the market quickly dropped by roughly -1%. But once we entered the second hour of trading, the downward trend suddenly reversed. By 10:30AM, the market showed signs of bottoming. And through the remainder of the morning and the rest of the trading day, the market elevated steadily higher to end the day up +0.5%. The fact that the market ended up on a day when a variety of new and meaningful risks bubbled to the surface certainly raises an eyebrow. After all, whether it's to the upside or the downside, you want to make sure your in a market that is acting at least somewhat rationally.

Trading days just like yesterday have become all too familiar over the last few years – down at open on negative news, bottom mid morning, rally through the remainder of the day to end higher. This raises the obvious question – what is happening around 10:30AM that sparks this market resilience to shake off any and all signs of worry and start ascending higher? The answer – the U.S. Federal Reserve.

Nearly every trading day, the Fed conducts Permanent Open Market Operations (POMO) starting at 10:30AM as part of their latest $600 billion asset purchase plan widely known as “QE2”. Between 10:30AM and 11:00AM, the Fed buys anywhere between $5.5 billion to $8.5 billion in U.S. Treasury securities from financial institutions such as the major banks. So by late morning on any given trading day, we have financial institutions that suddenly have a load of cash that they just received from the Fed and now need to do something with it.

A good chunk of this money has been finding its way into investment markets including stocks, which helps ignite the reversal and propel stocks higher. In other words, the Fed has essentially become the marginal buyer of stocks through their Open Market Operations.

click to enlarge [chart]

This process has two key implications going forward. First, the Fed’s QE2 is set to run through June 30, 2011. As long as QE2 is running – we are currently around $360 billion, or 60%, through QE2 through today with 98 calendar days left before June 30, 2011 – it is reasonable to expect these mid-morning reversal up days will continue to occur with regularity regardless of what risks the world throws at it. Second, the daily marginal buyer for stocks is set to go away once QE2 ends.

Thus, a day like Wednesday that opens down but reverses and heads higher is likely to become a day that opens lower and accelerates to the downside as the day progresses. It is also worth noting that the infamous stock market flash crash occurred on May 6, 2010 ...'

G.E.’s Strategies Let It Avoid Taxes Altogether NY Times | Worldwide profits: $14.2 billion; U.S. profits: $5.1 billion; tax liability: zero.

How Can America Create Wealth If Our Industrial Base Is Destroyed? Economic Collapse | Any economy that constantly consumes far more wealth than it produces is in for a very hard fall.

U.S. Consumer Sentiment Fell More Than Forecast in March Bloomberg | Gasoline prices hovering near the highest levels since October 2008 are straining the finances of American households.

Household wealth down 23% in 2 years – Fed A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009.

The Stock Market Is In A State Of Denial Those of you who watch financial TV or read the financial media have probably heard the current market referred to as the “nothing matters” market since it is supposedly ignoring a spate of negative news.

As Adjusted Monetary Base Rises By Half A Trillion In 2011, Treasury Runs Out Of Debt Ceiling Delay Measures Something very notable happened today receiving exactly zero recognition by the mainstream press: the process of winding down the Supplementary Financing Program ended, with either zero (assuming the entire $25 billion in 56 Day CMB matured without rolling) or $5 billion (as per the Treasury’s disclosure), remaining under the SFP.

Gold And Silver Are Thriving While The U.S. Dollar Is Dying Have you heard the news? Gold hit another new record high on Thursday. It reached $1447.40 before settling back a bit. Most people responded to that news with a yawn.

National / World

Censored TV Ad Banned from Airwaves [ This presentation is really quite good; indeed, so good, I archived it on my website out of fear of censorship / blacklist / ban. Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video on the economic / financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb ) Written text of presentation (without pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm ] Infowars.com | A television ad that features Alex Jones’ narration has been banned from broadcast.

United Nations Nuclear Bank Cassandra Anderson | The UN nuclear bank is another piece of UN Agenda 21, the blueprint for total control and depopulation.

Libyan Rebel Leader Admits Links To “Al Qaeda” Fighters Steve Watson | Abdel-Hakim al-Hasidi admitted that he had previously recruited fundamentalists to fight in Iraq.

Gates Instructs Syrian Military to Impose Color Revolution Kurt Nimmo | Defense Secretary joins globalist NGOs and calls for Syrian government to be deposed.

Japanese Authorities Admit Deadly MOX Plutonium Reactor Is Leaking Paul Joseph Watson | Has cover-up of leakage been ongoing since massive March 14 explosion?

Libyan Rebel Leader Admits Links To “Al Qaeda” Fighters The commander of anti Gaddafi rebels forces in Libya has admitted that among the ranks of those fighting against the government are islamic militants who have fought and killed US troops in Iraq, otherwise known as “al qaeda” fighters.

Gates Instructs Syrian Military to Impose Color Revolution As we have documented, the so-called popular revolutions spreading across the Middle East are orchestrated affairs unleashed by the globalists, their NGOs, and agencies of the U.S. government.

Farage: Rompuy Says Libya Attack About “Regime Change” The UN says it’s alarmed by the looming humanitarian crisis in Libya. Officials warn food supply lines have been disrupted and over three hundred thousand refugees have already fled the country. Nigel Farage, MEP and leader of the UK Independence Party, believes the whole military strategy in Libya has not been thought through.

Libya: The Objective of “Humanitarian Bombing” is Death and Destruction The objective of the media disinformation campaign is to blatantly obfuscate the loss of life of civilians. Western media reports on casualties are heavily convoluted. Tomahawk missiles and aerial bombings are upheld as instruments of peace and democracy. They do not result in civilian deaths.

Radiation: Nothing to See Here? Administration spokespeople continuously claim “no threat” from the radiation reaching the US from Japan, just as they did with oil hemorrhaging into the Gulf. Perhaps we should all whistle “Don’t worry, be happy” in unison. A thorough review of the science, however, begs a second opinion.

As TEPCO Reports Increased Possible Radiation Release, Japan Expands Voluntary Evacuation Radius To 30 km The latest news from Fukushima continue progressing from bad to worse. Which of course means that the (physical) silver lining around the mushroom cloud will be that much more potent: after all, the greater the destruction, the higher the Russell 2000. Just ask the Keynesians.

Japanese Authorities Admit Deadly MOX Plutonium Reactor Is Leaking While the mass media has all but dropped its interest in the Fukushima crisis to focus on Libya and meaningless side-issues like the death of Elizabeth Taylor, the nuclear nightmare only worsens, as Japanese authorities admit that reactor number 3, which is the only reactor to contain MOX plutonium, is now leaking.

350 British special forces already deep inside Libya… and more are ready to be deployed Hundreds of British troops have been deployed deep inside Libya targeting Colonel Gaddafi’s forces – and more are on standby.

How Can America Create Wealth If Our Industrial Base Is Destroyed? Any economy that constantly consumes far more wealth than it produces is eventually going to be in for a very hard fall. Many point to relatively stable GDP numbers as evidence that the U.S. economy is doing okay, but the truth is that we have had to borrow increasingly massive amounts of money to keep GDP numbers up at that level.

Syrian Uprising Is Latest Globalist-Backed Coup d’état “A prominent Syrian opposition figure says the country is “a bomb, ready to explode” as protesters demand freedom and an end to president Bashar al-Assad’s “cancerous regime,”" reports Australia’s ABC News.

American Interventionism: Protecting the Profit Machine America is the spawn of empire building and from the start has itself engaged heavily in that activity. In nearly all cases it has shown a preference for bribery, coercion, intimidation and force over diplomacy and cooperation.

Economic Terrorists: That’s You Turban wearing cavemen were never what the “War on Terror” was about.

Saudis want their troops out of Bahrain Hundreds of Saudi anti-government protesters have taken to the streets in the country’s Eastern Province, condemning the kingdom’s military intervention in Bahrain.

Follow The Fall Of The Canadian Government Live The no confidence vote in Prime Minister Stephen Harper’s Canadian government is expected to start momentarily. Just like two days ago when Portugal fell, this event will likely be seen as a buying opportunity of both the USDCAD and the CADUSD.

US May Supply Gaddafi Rebels With Weapons Western diplomatic sources have confirmed to Sky News that the US is considering the legality of arming the Libyan rebels.

No-fly zone next in Belgium?! Clashes as police disperse mass protests Police and protesters have clashed in Brussels, as European Union leaders are gathering there for a fresh attempt to address the EU’s year-long debt crisis.

Egypt to protest against anti-protest law The new decree-law issued by the cabinet yesterday draws the ire of activists and labourers who plan to take their objections to the street in massive protests on Friday.

Money Trouble Ahead: 15 Indications That Bad Times Are About To Hit The U.S. Economy 2011 is shaping up to be a really bad year for the U.S. economy. There are all kinds of indications that big trouble is ahead. So far financial markets are weathering all of the chaos around the world fairly well, but just as there were huge flashing warning signs before the 2008 financial crisis there are also huge flashing warning signs now. The American Dream
March 23, 2011

2011 is shaping up to be a really bad year for the U.S. economy. There are all kinds of indications that big trouble is ahead. So far financial markets are weathering all of the chaos around the world fairly well, but just as there were huge flashing warning signs before the 2008 financial crisis there are also huge flashing warning signs now. The price of oil is soaring, the U.S. housing market is experiencing huge problems, the cost of living in America recently hit a new record high and each week the globe seems to become even more unstable. How much pounding can our fragile economic system take before it completely collapses? As the price of oil goes even higher, it is going to cause economic growth to slow down and it is going to cause the prices of the things that we all buy at the stores to go up at the same time. It is very likely that we are entering a period of “stagflation” similar to what we experienced in the 1970s. This is going to cause a huge amount of money trouble for millions of American families. Already there are vast numbers of American families that are barely making it every month. Tens of millions of Americans are already receiving government assistance. So what is going to happen when the next financial crash happens and we experience yet another major economic downturn?

The truth is that the financial system was never “fixed” after the crash of 2008. If anything, it is more vulnerable today than it was back then. Even as you read this, major imbalances are building up in the global financial system, and at some point a “tipping point” will be reached.

Once that tipping point is reached, it will not be too long before the U.S. economy experiences the next wave of economic problems. Perhaps we will be fortunate and it will not be as bad as the 2008 crash. Perhaps this next wave will be even worse than 2008 was. Only time will tell.

But all of the warning signs are there. The following are 15 indications that bad times are about to hit the U.S. economy….

#1 The price of gasoline is about to cross the psychologically-important $4 a gallon threshold in some areas of the United States. For example, the average price of gasoline is now $3.977 in San Diego County and it is $3.955 in Riverside and San Bernardino counties.

#2 The price of oil moved up close to the $105 mark by the end of the day today, and that means that more gasoline price increases are likely on the horizon for American consumers.

#3 In February, food prices in the United States rose at the fastest rate in 36 years.

#4 According to the U.S. Labor Department, the cost of living in the United States hit a brand new all-time record high in the month of February.

#5 According to the National Association of Realtors, sales of previously existing homes in the United States dropped a stunning 9.6 percent in February. The National Association of Realtors also has announced that the median home price is the lowest it has been in 9 years.

#6 The U.S. is already in the midst of a real estate crash that never seems to end, but many are warning that it is about to get even worse. For example, prominent housing analyst Gary Shilling is warning that U.S. housing prices are likely to drop another 20 percent.

#7 According to the Mortgage Bankers Association, at least 8 million Americans are at least one month behind on their mortgage payments at this point.

#8 According to the U.S. Census Bureau, the number of new building permits declined 20.5 percent in February on a year over year basis. According to John Carney of CNBC, a huge decline in building permits is usually an indication that a recession is coming….

All nine recessions since 1959 have seen a year over year decline in building permits. In eight of the last nine the annual rate of change hit negative 20 percent or lower, and the economy went into a recession.

#9 31 percent of the homeowners that responded to a recent Rasmussen Reports survey indicated that they are “underwater” on their mortgages.

#10 Millions of American families are drowning in debt and debt collectors are becoming increasingly aggressive. According to a new Federal Trade Commission report, consumer complaints about debt collectors rose by 17 percent last year.

#11 Meredith Whitney is warning that even though it may take longer than she originally projected, we are still going to see a wave of municipal bond defaultsworth hundreds of billions of dollars.

#12 The war in Libya is putting upward pressure on the price of oil, it is yet another drain on U.S. government finances, and it is raising tensions across the globe. Vladimir Putin has called the NATO operation in Libya a “crusade” and China is calling for an immediate cease-fire. Financial markets do not like instability of this nature.

#13 The rest of the Middle East is melting down as well. More than 40 demonstrators have been killed in Yemen and the president of that country has declared a state of emergency. Government buildings are still being set on fire in Egypt. Ivory Coast is in the midst of a full-blown revolution, and there are ongoing protests in about a dozen other nations across North Africa and the Middle East. This is really bad for global economic stability.

#14 The damage from the tsunami in Japan continues to affect more American Workers. GM has just announced that they are going to temporarily lay off workers at a Buffalo engine plant due to a shortage of parts from Japan. When supply chains are going to get fully back to normal is anyone’s guess. GM has also temporarily shut down a facility in Shreveport, Louisiana due to supply problems.

#15 There continue to be indications that the amount of radiation being released by the damaged Fukushima Daiichi nuclear power plants is much higher than we have been led to believe. The following is an excerpt from a recent report by NHK World….

“Japan’s science ministry says radiation exceeding 400 times the normal level was detected in soil about 40 kilometers from the troubled Fukushima Daiichi nuclear power plant. The ministry surveyed radioactive substances in soil about 5 centimeters below the surface at roadsides on Monday. The ministry found 43,000 becquerels of radioactive iodine-131 per kilogram of soil, and 4,700 becquerels of radioactive cesium-137 per kilogram about 40 kilometers west-northwest of the plant. Gunma University Professor Keigo Endo says radiation released by the iodine is 430 times the level normally detected in soil in Japan and that released by the cesium is 47 times the norm.”

400 times the normal level amount of radiation 40 kilometers from the plant?

That is something that should be taken very seriously.

Sadly, radiation levels continue to rise throughout northern and central Japan. If a significant amount of people have to be evacuated from Tokyo at some point that is going to be absolutely devastating for the global economy.

So what should Americans be doing? How can middle class families weather the storm that is coming?

Well, one thing that can be done is to start saving money and not spending it on frivolous things like new cars and international vacations. Many Americans did not learn the lessons of 2008 and they are running around blowing money as if the good times will never come to an end.

Also, now is a good time to get out of debt. Millions of American families are literally drowning in debt, and when the next financial crash comes it is the families that are overextended that will be the most financially vulnerable.

When you see a storm coming, the prudent thing to do is to make preparations. Most people believe what they want to believe, but anyone that cannot see the economic storm clouds on the horizon at this point has got to be pretty clueless.

Our entire economic system is slowly failing. Hopefully the folks running things will be able to hold the economy together for a while longer, but when you stop and think about who we have in charge, there are not many reasons to be optimistic.

Lohan rejects judge's plea offer in theft case (AP) [ It is common practice in the entertainment industry for 'loaners' far more expensive than the subject 'costume piece' here, to garner the benefit of the 'show and tell', particularly for this little hole in the wall in Venice. I mean, come on; this was hardly a surprise taking in a bustling store overrun by customers. Then there are the 'evidentiary' problems attendant to the venal motives of the store itself and monies received. In all, one must conclude that these invariably corrupt judges / prosecutors as corrupt steve the cooley (check out those land deals) like to bully the girls, ie., Lindsay Lohan, Winona Ryder, etc.. I'm not going to mention the guys of late who got a pass. Blatant misogyny? What else can you call it; particulary since they're letting scores of far more serious criminals out of jail, and we all know the numbers of serious violent criminals walkin' the streets with impunity in so-cal. Paris Hilton prosecutor arrested for buying cocaine (Reuters) ]

Drudgereport: Fears rise that Japan could sell off U.S. Debt ... [ Not only selling ... they won't be buying! ]...
Dangerous breach suspected at Japan nuke plant...
WATER RADIATION 10,000X NORMAL...
Japan Quietly Evacuates Wider Radius From Reactors...
Toll rises to 27,000 dead, missing...
Muslims beat, stomp effigy of Obama in protest...
GE pulls in $14B, makes $5B profit, pays $0 US taxes...
WH defends embrace of GE's CEO...
Immelt, Rangel in 'Harlem Horse Trade'...
UPDATE: Budget Impasse Increasing Risk of 'Shutdown'...
MOODY'S THREATENS TO DOWNGRADE BRITAIN'S DEBT...
STUDY: US Finances Rank Near Worst in World...
Libya Mission 'clouded by confusion'...
White House: Days, not weeks...
France: Weeks, not days...
Dem Rep: Obama told me US would be 'in and out'...
Pentagon: Likely to continue combat...
2,200 ground troops headed to region...
Quake toll rises to 27,000 dead, missing...
More U.S. states find 'traces' of radiation from Japan...
EPA: Some Air Monitors May Not Be Working Properly...
Global food scare widens...
FED: US Approaching Insolvency...
Oil closes above $105, highest level since Aug 2008...
New Home Sales Plunge; Hit Lowest Level Since Data Tracking Began in 1960s...
US gasoline inventories fall...
Neutron beam observed 13 times at crippled Fukushima nuke plant...
Fallout reaches Europe...
Concern in Tokyo over tap water...
Leading OBAMACARE Backer Considering Waiver for his City...
TOP GUN: As bombs drop, Spring Training (at baseball camp) for 'Lobotomy Joe' Biden...
Army Soldier Pleads Guilty in Deaths of 3 Afghan Civilians...
PORTUGAL TEETERS AFTER FAILURE TO CUT DEBT...
International Bailout Only Option...
PM resigns...
WOBAMA: I'm keeping my Peace Prize ... (which as is so of 'wobama the b' {for b*** s***} means absolutely nothing) ...
BOMBED BUT NOT BROKEN
Obama seeks to break impasse...
Allies in disarray...
No one wants to run operation...
French PM: 'We are not at war'...
DEM LAWMAKER: IMPEACH OBAMA...
US rescue chopper shoots 6 villagers welcoming pilots of downed jet...
UPDATE: Soldier to Plead Guilty in Afghan Murder Case...
Will testify against fellow 'kill team' troops...
Mainstream media ignores 'trophy' photos; White House mum...
Oil tops $105 per barrel...
Ex-President of Israel Sentenced to Prison for Rape...
Violence warning in UK as unions plan mass march Sunday...

Japan fears for food, water supplies (Washington Post) [ Well, if Japan doesn't, who will? Certainly not america, in america, where fears are never concerns till they've become realities in their rears. ] As the number of deaths from the March 11 earthquake and tsunami officially exceeded 10,000, the struggle to prevent more radiation from escaping continued. Chernobyl-Style Yellow Rain Causes Panic In Japan Paul Joseph Watson | Authorities assure alarmed citizens yellow powder is pollen, but victims of Chernobyl radiation were told the same thing. Fukushima Radiation Spreading To More U.S. States Steve Watson | EPA says some air monitors might not be working properly. Apple Rejects iPhone 4 Radiation Metering App Matt Ryan | Radiation metering app demonstrates iPhone releases increased amount of radiation when struggling to find signal. Chernobyl-Style Yellow Rain Causes Panic In Japan Radioactive yellow rain that fell in Tokyo and surrounding areas last night caused panic amongst Japanese citizens and prompted a flood of phone calls to Japan’s Meteorological Agency this morning, with people concerned that they were being fed the same lies as victims of Chernobyl, who were told that yellow rain which fell over Russia and surrounding countries after the 1986 disaster was merely pollen, the same explanation now being offered by Japanese authorities. Fukushima Radiation Spreading To More U.S. States Radiation from the ongoing disaster in Japan is spreading throughout the United States, and while the EPA says the levels are not dangerous, it also admits that some of its radiation-tracking air monitors may not even be working. Radioactive Iodine In Fukushima Seawater Highest Ever, Reactors 5 And 6 Now Leaking Too And while futures rise as the market anticipates the latest central bank intervention to paper over the global financial insolvency, the radioactive fallout from Fukushima continues to worsen as Iodine 131 levels in the seawater hits the highest since the start of the crisis. Fukushima Radiation Release Rivals Chernobyl The radiation released by the stricken Fukushima nuclear plant already rivals and in one sense exceeds the Chernobyl catastrophe according to Austria’s Central Institute for Meteorology and Geodynamics, even as media spin downplays the severity of the crisis despite the fact that the problems at the plant show no signs of abating.

For loyalists, a state of perpetual revolution (Washington Post) [ And, for defacto bankrupt america / americans, a state of perpetual war … and, on how many fronts? … eh … what the heck … who's countin' … certainly not capital hill et als; you know, all that money the nation doesn't even really have but keep spending. How will this all end … not well … not well at all! ] Six days into the allied bombardment of Libyan military targets, it is clear that Moammar Gaddafi can count on the fierce loyalties of at least a significant segment of the population. School Shooting Exercise Portrays Student as Anti-Illegal Immigration Terrorist Kurt Nimmo | Scenario depicts racist student with access to a cache of guns and IEDs shooting Latino student. Globalist Coalition Claims “Precision” Bombs Do Not Kill Libyan Civilians Kurt Nimmo | CNN and the corporate media are trying their darnedest to put the best face on Obama’s illegal attack.White House: Libya fight is not war, it’s ‘kinetic military action’ Byron York | “Military steps — and they can be kinetic and non-kinetic.” Camp Lejeune Marines To Libya To Strike At Qadhafi Forces WCTI | We’ve seen Camp Lejuene Marines in Iraq and Afghanistan and now they are joining the fight against Libya.‘Libya war could last 30 years’ Mail Online | Ministers admitted they have no idea how long military operation against Gaddafi could take.Globalist Coalition Claims “Precision” Bombs Do Not Kill Libyan Civilians CNN and the corporate media are trying their darnedest to put the best face on Obama’s illegal attack against the people of Libya under the auspices of the United Nations and its bankster overlords.Critics: Iowa terror drill portrays immigration foes as killers Foes of illegal immigration are up in arms over plans for a weekend disaster exercise in western Iowa with a fictitious scenario in which white supremacists shoot dozens of people amid rising tensions involving racial minorities and illegal immigrants.Orwell Rolls In His Grave: White House: Libya fight is not war, it’s ‘kinetic military action’ In the last few days, Obama administration officials have frequently faced the question: Is the fighting in Libya a war? From military officers to White House spokesmen up to the president himself, the answer is no. But that leaves the question: What is it?Gas to Hit $5 Per Gallon Before Summer Oil industry experts warn that the price for a gallon of gas will reach $5 before summer. They blame the unfolding conflict in Libya and across the oil-producing Middle East for exploding prices.

World finds less solace in dollar (Washington Post) [ No mystery here … Not even a long time coming in light of america's very real defacto bankruptcy; particularly as the same old / same old plunder of this and other nations by, you guessed it, the same old / same old. Money Trouble Ahead: 15 Indications That Bad Times Are About To Hit The U.S. Economy 2011 is shaping up to be a really bad year for the U.S. economy. There are all kinds of indications that big trouble is ahead...just as there were huge flashing warning signs before the 2008 financial crisis there are also huge flashing warning signs now. The American DreamMarch 23, 20112011 is shaping up to be a really bad year for the U.S. economy. There are all kinds of indications that big trouble is ahead. So far financial markets are weathering all of the chaos around the world fairly well, but just as there were huge flashing warning signs before the 2008 financial crisis there are also huge flashing warning signs now. The price of oil is soaring, the U.S. housing market is experiencing huge problems, the cost of living in America recently hit a new record high and each week the globe seems to become even more unstable. How much pounding can our fragile economic system take before it completely collapses? As the price of oil goes even higher, it is going to cause economic growth to slow down and it is going to cause the prices of the things that we all buy at the stores to go up at the same time. It is very likely that we are entering a period of “stagflation” similar to what we experienced in the 1970s. This is going to cause a huge amount of money trouble for millions of American families. Already there are vast numbers of American families that are barely making it every month. Tens of millions of Americans are already receiving government assistance. So what is going to happen when the next financial crash happens and we experience yet another major economic downturn?The truth is that the financial system was never “fixed” after the crash of 2008. If anything, it is more vulnerable today than it was back then. Even as you read this, major imbalances are building up in the global financial system, and at some point a “tipping point” will be reached.Once that tipping point is reached, it will not be too long before the U.S. economy experiences the next wave of economic problems.... as the 2008 crash... Perhaps this next wave will be even worse than 2008 ...But all of the warning signs are there. The following are 15 indications that bad times are about to hit the U.S. Economy...'] Usually considered a safe haven in times of turmoil, the dollar is down against a basket of other currencies

Unemployment numbers from the labored labor department? The ‘expiration / stopped looking, everyone’, at best. How can anyone believe anything the pervasively corrupt, defacto bankrupt u.s. government says. Durable goods (leading indicator) 200% worse than expected, stocks rally. ‘ February Durable Goods Orders Disappoint NEW YORK (TheStreet) Bharatwaj …’ This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone and today’s suckers’ rally provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed (this would also help significantly the hapless, hopeless budget scenario). M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’ BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows New homes are bad deals in some areas (Washington Post) [ If it only was just the new homes being bad deals in some areas … and if it only was just real estate and not, ie., grossly over-valued u.s. stocks, which rallied on the much worse than expected news, etc.. Post 'The rise (in stocks) came in spite of record low new-home sales data and continued worry about the European debt crisis.' Select Stocks Boost Markets: Dave's Daily [ Dave: '...Economic data focused on New Home Sales which were down nearly 17% causing the Homebuilder ETF (XHB) to rally. I kid you not! ...' ]

February Durable Goods Orders Disappoint NEW YORK (TheStreet) Bharatwaj-- New orders for durable goods dropped in February, led by a drop in demand for machinery and defense capital goods. The Census Bureau said on Thursday that new orders dropped 0.9% to $200 billion in February, disappointing expectations for a 1.1% increase. Excluding the volatile transportation sector, new orders dropped 0.6%, following a 3.6% decrease in January. Economists were expecting new orders excluding transportation to increase by 1.8%, according to consensus estimates from Briefing.com.

New orders for defense capital goods dropped 25%, while demand for defense aircraft and parts fell 18%. Excluding defense, new orders for durable goods increased 0.4%.

New orders for machinery declined for the second consecutive month by 4.2%, the largest decrease outside of defense. Orders for primary metals dropped 2.1% and communications equipment fell 2.3%.

Nondefense new orders for capital goods- a proxy for growth in business investment- jumped 2.5% to $69.1 billion; shipments increased 1.1% to $66.2 billion.

Futures were paring gains in premarket trading. The SPDR Dow Jones Industrial Average ETF(DIA _) was up 0.5%, the SPDR S&P 500 ETF(SPY _) and the PowerShares QQQ(QQQ _) were rising about 0.5% and 0.5% respectively. The SPDR Industrials ETF(XLI _) was, however, up 0.8%.--

New Home Sales at Record Low, TIPs on the Move Inflation Trader 'The good news about housing is that it has fallen so far that a contraction in that sector doesn’t have the same impact it once did. Yesterday New Home Sales for February were reported at 250k (annualized, seasonally adjusted), yet another record low (see Chart below, click to enlarge). [chart http://static.seekingalpha.com/uploads/2011/3/24/saupload_nhsl.png ]

A new record low for New Home Sales. Construction won't be adding to GDP yet.

Keep in mind that this is with mortgage rates that are as low as they have been in a couple of generations at least. Now, some of this is caused by the fact that there are still plenty of distressed sales in the market for Existing Homes. Some of it may also be due to the fact that the actual inventory of new homes that are for sale has also fallen to near-record lows, and are easily at new lows when population-adjusted (see Chart below, http://static.seekingalpha.com/uploads/2011/3/24/saupload_bfm5ff4.png )...!

Say what you will about the crazy overbuilding in the mid-2000s; the homebuilders have cut back on new building drastically, which is a precondition for the sector’s eventual recovery. It would almost be worth taking a look at home building stocks, if TOL wasn’t trading at a P/E of 3,382:1 (only 294:1 on estimated earnings!). (It’s trading at 2.3x sales; at its peak in 2005 it was only 1.9x. Now, you may say “sure, but keep in mind right now you’re at trough sales.” Fair enough, but revenues are down 75% from their 2006 level, and there won’t be another boom like that one for a long time. Suppose sales double from here. You’re still paying 1.65x sales, which is more expensive than the company has been since 1994, with the exception of the bubble top. And it’s by no means assured that home construction is going to boom in the short run, especially when interest rates start to rise again. (There are surely better shorting candidates, don’t get me wrong: I just mention this because I was looking at it thinking it might be a buy candidate. It’s not).

Besides the Home Sales data, there was little news out. There was nothing new from Portugal. Crude oil rallied 1.7% (now $105.75/bbl) and industrial metals jumped 2.3%. 10y note yields rose 2bps to 3.35% and are seemingly stabilizing now that the last frightening week or two is behind us. TIPS yields rose for the fourth day in a row; the 10y now stands at a still-slender 0.95%. Don’t read too much into the selling of TIPS here and the selloff in 10y inflation swap rates from 2.87 to 2.66 over the last couple of weeks. There is an $11bln reopening of 10-year TIPS today, and some of what we were seeing yesterday was dealers trying to set up for that auction. There is concern in some quarters that the low yields will make it hard for the government to sell $11bln TIPS. Remember, though, that the level of rates also indicates the supply/demand balance. TIPS yields are low because there is no net supply from the Treasury (thanks to the Fed, and there has been ample demand to push yields down this far. It may be that this auction pukes, but it has been difficult for a while to bet that inflation-linked bonds were going to sell off for any appreciable period. There is positive net demand as money continues to flow into inflation-linked bond funds, and no net supply. I wouldn’t be short TIPS here except to set up for the auction (indeed, one dealer pointed out that the current 10y TIPS are actually “on special” in the repo market, which almost never happens in TIPS and suggests there is actually a short base).

Also today, the Feb Durable Goods report (Consensus: +1.2%, +2.0% ex-Transportation) is due out. Remember the last one was disappointing and led to some downward revisions to Q1 GDP estimates as a result. Initial Claims (Consensus: 383k) will also be announced.'

UPDATE 1-Outflows rise for U.S. domestic equity funds-Lipper Bases' Mar 24, 2011

* U.S. domestic equity fund net outflows of $3.9 bln

* Non-domestic equity fund net inflows of $1.4 bln

* Japanese equity fund inflows of $785 million

(Updates with Fidelity's explanation of high yield fund shift;

clarifies that high yield bond fund outflows were not a

record)

NEW YORK, March 24 (Reuters) - U.S. equity focused mutual

funds saw an increase in net cash outflows for the week ended

March 23, $3.9 billion versus $2.4 billion in the prior period,

data from Thomson Reuters Lipper service showed on Thursday.

Overall, U.S. domiciled equity funds had net outflows of

$2.4 billion, a sharp increase over the $268 million in net

redemptions the prior week.

Exchange traded funds, such as the SPDR S&P 500 fund (SPY),

which had the biggest outflows of $2.9 billion this week, are

generally thought to be used as short-term trading tools for

institutional investors, thereby creating big swings in fund

flows.

Excluding the activity of ETFs, domestic equity funds would

have had net outflows of $124 million, indicating that both

institutional and retail investors were net sellers.

Among the major equity sectors, the biggest net outflow

came from the large-cap growth/value arena, with nearly $6

billion in cash pulled out. Investors, on net, pulled cash from

financial, healthcare, technology and utility funds.

In contrast, non-domestic equity funds had inflows of $1.4

billion, marking a third straight week of fresh cash.

Taxable bond funds took in $965 million, a steep drop off

from the prior week's $2.7 billion of new cash.

"On the positive side, taxable bond funds took in cash.

People are still feeling like they cannot completely trust what

is going on in places like Japan. This looks like a duck and

cover move," said Tom Roseen, senior analyst at Lipper.

After a record week of inflows for Japan-focused funds,

investors kept pumping cash into that sector of the market and

placed an additional $785 million in, bringing the streak of

fresh money to 15 out of the last 16 weeks.

Once again the majority of inflows for Japan-focused

investors in the U.S. market went into the iShares MSCI Japan

Fund (EWJ), which had inflows of $603 million. Total assets

under management in the fund, $7.3 billion, are the highest

since last August 2008.

(For a graphic showing net inflows/outflows and total

assets under management in the ETF, click on

r.reuters.com/kab78r )

"Some people say the big drop in Japanese share prices

provided buying opportunities. On the flip side, the only way

to short a fund is via ETFs and there's an argument out there

that that is what's occurring, that institutional investors are

creating inventory for the investors to allow shorting. So

we'll see," said Roseen.

In the tax-free municipal bond sector the negative flows

continued for a 19th consecutive week with $640 million in net

redemptions. The cumulative total outflow of cash from the muni

bond sector is $29.14 billion.

In what may be a harbinger of some repair in the battered

mortgage industry, funds that hold mortgage backed securities

took in fresh cash for the first time in 15 weeks. Net inflows

totaled $38.8 million and marked only the second time in the

last 24 weeks the sector had net new money committed.

Emerging market equity funds made it three weeks in a row

and improved over the prior period, respectively taking in $221

million versus $78 million.

HIGH YIELD

Corporate high-yield bond funds experienced their second

consecutive week of outflows, coming after 14 straight weeks of

net new cash moving into the sector. However the figure of $2.8

billion in net redemptions comes with a major health warning.

Nearly $2 billion of that reported outflow was ascribed to

the class-F shares of both the Fidelity High Income fund and

the Fidelity Capital & Income fund.

A Fidelity spokeswoman explained that the assets of the two

fund's class-F shares were shifted into Fidelity's new Series

High Income fund, and did not leave the high yield sector.

The class-F shares of these two high-yield bond funds were

liquidated and closed. The transition was completed on March

14.

Given Fidelity's explanation, Lipper is now estimating net

redemptions for the week ended March 23 were around $800

million, and were not a record.

The weekly Lipper fund flow data is compiled from reports

issued by U.S.-domiciled mutual funds and exchange-traded

funds. The weekly data goes back to 1992.

The following is a broad breakdown of the flows for the

week, including exchange-traded funds:

Sector Flow Pct Total Share

Change Change Assets Class

(in $ billions) In Assets Count

==============================================================

All Equity Funds -2.428 -0.09 2,721.773 10,006

-Domestic Equities -3.863 -0.20 2,018.548 7,608

-Non-Domestic Equities 1.435 0.21 703.225 2,398

All Taxable Bond Funds 0.966 0.08 1,273.651 4,002

All Money Market Funds -8.689 -0.35 2,496.695 1,535

All Municipal Bond Funds -0.640 -0.20 312.873 1,568

(Reporting by Daniel Bases; Editing by Andrew Hay and Diane

Craft and Carol Bishopric)'

Portugal's Sovereigns Downgraded, Spanish Banks Guillotined

Household wealth down 23% in 2 years – Fed

Meredith Whitney Slashes Morgan Stanley Earnings Estimate, Doesn’t Feel The Need To Explain Herself

Tanks Outside Cairo Stock Exchange as Market Plunges Bloomberg | Stock exchange cordoned by military police and tanks.

‘US is broke, dollar down, yet policy is to divide & conquer’ RT | America is getting involved in another long-term war, which will ruin its economy.

US Approaching Insolvency, Fix To Be ‘Painful’: Fisher CNBC | The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,”.

Euro’s Collapse Is Not ‘Unthinkable’: Warren Buffett Warren Buffett told CNBC Thursday that the collapse of the euro zone’s single currency is far from “unthinkable.” “I know some people think it’s unthinkable…I don’t think it’s unthinkable,” Buffett said in an interview.

Investment Legends – “Dollar Collapse Inevitable” What will happen to the U.S. economy and the dollar in the near term? Will inflation increase dramatically? What is the outlook for gold, and where should you put your money? BIG GOLD asked a world-class panel of economists, authors, and investment advisors what they expect for the future. Caution: strong opinions ahead…

The Road of Inflation Will Only End in Tears Cycles and booms and busts just don’t happen. They are planned that way. In the late 1990s Fed Chairman Alan Greenspan commented on irrational exuberance and said he hoped the market would cool down.

18 Reasons Why You Can Stick A Fork In The New Home Construction Industry If you make your living by building or selling new homes in the United States, you might want to consider taking up a different career for a while.

National / World

School Shooting Exercise Portrays Student as Anti-Illegal Immigration Terrorist Kurt Nimmo | Scenario depicts racist student with access to a cache of guns and IEDs shooting Latino student.

Globalist Coalition Claims “Precision” Bombs Do Not Kill Libyan Civilians Kurt Nimmo | CNN and the corporate media are trying their darnedest to put the best face on Obama’s illegal attack.

Chernobyl-Style Yellow Rain Causes Panic In Japan Paul Joseph Watson | Authorities assure alarmed citizens yellow powder is pollen, but victims of Chernobyl radiation were told the same thing.

Fukushima Radiation Spreading To More U.S. States Steve Watson | EPA says some air monitors might not be working properly.

Apple Rejects iPhone 4 Radiation Metering App Matt Ryan | Radiation metering app demonstrates iPhone releases increased amount of radiation when struggling to find signal.

White House: Libya fight is not war, it’s ‘kinetic military action’ Byron York | “Military steps — and they can be kinetic and non-kinetic.”

Camp Lejeune Marines To Libya To Strike At Qadhafi Forces WCTI | We’ve seen Camp Lejuene Marines in Iraq and Afghanistan and now they are joining the fight against Libya.

‘Libya war could last 30 years’ Mail Online | Ministers admitted they have no idea how long military operation against Gaddafi could take.

Chernobyl-Style Yellow Rain Causes Panic In Japan Radioactive yellow rain that fell in Tokyo and surrounding areas last night caused panic amongst Japanese citizens and prompted a flood of phone calls to Japan’s Meteorological Agency this morning, with people concerned that they were being fed the same lies as victims of Chernobyl, who were told that yellow rain which fell over Russia and surrounding countries after the 1986 disaster was merely pollen, the same explanation now being offered by Japanese authorities.

Fukushima Radiation Spreading To More U.S. States Radiation from the ongoing disaster in Japan is spreading throughout the United States, and while the EPA says the levels are not dangerous, it also admits that some of its radiation-tracking air monitors may not even be working.

Globalist Coalition Claims “Precision” Bombs Do Not Kill Libyan Civilians CNN and the corporate media are trying their darnedest to put the best face on Obama’s illegal attack against the people of Libya under the auspices of the United Nations and its bankster overlords.

Critics: Iowa terror drill portrays immigration foes as killers Foes of illegal immigration are up in arms over plans for a weekend disaster exercise in western Iowa with a fictitious scenario in which white supremacists shoot dozens of people amid rising tensions involving racial minorities and illegal immigrants.

Radioactive Iodine In Fukushima Seawater Highest Ever, Reactors 5 And 6 Now Leaking Too And while futures rise as the market anticipates the latest central bank intervention to paper over the global financial insolvency, the radioactive fallout from Fukushima continues to worsen as Iodine 131 levels in the seawater hits the highest since the start of the crisis.

Orwell Rolls In His Grave: White House: Libya fight is not war, it’s ‘kinetic military action’ In the last few days, Obama administration officials have frequently faced the question: Is the fighting in Libya a war? From military officers to White House spokesmen up to the president himself, the answer is no. But that leaves the question: What is it?

Gas to Hit $5 Per Gallon Before Summer Oil industry experts warn that the price for a gallon of gas will reach $5 before summer. They blame the unfolding conflict in Libya and across the oil-producing Middle East for exploding prices.

Fukushima Radiation Release Rivals Chernobyl The radiation released by the stricken Fukushima nuclear plant already rivals and in one sense exceeds the Chernobyl catastrophe according to Austria’s Central Institute for Meteorology and Geodynamics, even as media spin downplays the severity of the crisis despite the fact that the problems at the plant show no signs of abating.

[I have been under constant barrage / hack / intrusions which has my antivirus working overtime and flashing saves from a multitude of threats. I think this particular thrust by what I reasonably suspect to be paranoid american / israeli criminals / lunatics was probably affected particularly by that blazing full ‘supermoon’, but continues when for now just limited moments I’m logged into windows xp, literally a virus magnet/so-called op system. I thereupon downloaded and installed linux / unbuntu 10.10 (most recent) which also makes available an ‘installer’ (separate download, both free from their official website - http://www.ubuntu.com/desktop/get-ubuntu/download ) that facilitates essentially a dual boot (you may choose your operating system for the session – windows or linux/ubuntu). Works like a charm and I strongly recommend it. Microsoft’s a dyingosaur american monopoly company which is an american tale and story of america as a pervasively corrupt, defacto bankrupt, dying / declining nation.]

Fears grow of humanitarian crisis in Libya (Washington Post) [ Ya think? Based on … that familiar template we now know as Iraq, Afghanistan, etc., and let's not leave out the beneficiary of all such 'preoccupation'; viz., pervasively corrupt, defacto bankrupt america … Money Trouble Ahead: 15 Indications That Bad Times Are About To Hit The U.S. Economy 2011 is shaping up to be a really bad year for the U.S. economy. There are all kinds of indications that big trouble is ahead. So far financial markets are weathering all of the chaos around the world fairly well, but just as there were huge flashing warning signs before the 2008 financial crisis there are also huge flashing warning signs now. The American Dream
March 23, 2011 2011 is shaping up to be a really bad year for the U.S. economy. There are all kinds of indications that big trouble is ahead. So far financial markets are weathering all of the chaos around the world fairly well, but just as there were huge flashing warning signs before the 2008 financial crisis there are also huge flashing warning signs now. The price of oil is soaring, the U.S. housing market is experiencing huge problems, the cost of living in America recently hit a new record high and each week the globe seems to become even more unstable. How much pounding can our fragile economic system take before it completely collapses? As the price of oil goes even higher, it is going to cause economic growth to slow down and it is going to cause the prices of the things that we all buy at the stores to go up at the same time. It is very likely that we are entering a period of “stagflation” similar to what we experienced in the 1970s. This is going to cause a huge amount of money trouble for millions of American families. Already there are vast numbers of American families that are barely making it every month. Tens of millions of Americans are already receiving government assistance. So what is going to happen when the next financial crash happens and we experience yet another major economic downturn?

The truth is that the financial system was never “fixed” after the crash of 2008. If anything, it is more vulnerable today than it was back then. Even as you read this, major imbalances are building up in the global financial system, and at some point a “tipping point” will be reached...'] Aid organizations scramble to prepare for large-scale relief operations, as fears grew of a potential humanitarian crisis in a key city besieged by government forces.

New homes are bad deals in some areas (Washington Post) [ If it only was just the new homes being bad deals in some areas … and if it only was just real estate and not, ie., grossly over-valued u.s. stocks, which rallied on the much worse than expected news, etc.. Post 'The rise (in stocks) came in spite of record low new-home sales data and continued worry about the European debt crisis.' Select Stocks Boost Markets: Dave's Daily [ Dave: '...Economic data focused on New Home Sales which were down nearly 17% causing the Homebuilder ETF (XHB) to rally. I kid you not! ...' ] 'As you must know, many major indices are price weighted and the DJIA takes the lead in this regard. Six of the highest priced stocks Wednesday (IBM, BA, CAT, DVX, MMM & UTX) provided most of the gains. Stocks were lower most of the morning, but volume seemed light, offering an opportunity for buyers to push prices higher. The theme for bulls was reconstruction in Japan even though EWJ (iShares Japan ETF) finished the day slightly lower. ETFs like XLB (SPDR Materials Sector ETF), SLX (Van Eck Steel ETF) and XME (SPDR Metals & Miners) have the "stuff" needed for reconstruction. Goldman Sachs CEO Lloyd ("I want me some more me!") Blankfein was on the witness stand today. He confirmed director Rajat Gupta violated "confidentiality" by tipping off hedge fund trader Raj Rajaratnam regarding Buffett's investment in his company. Also in the financial sector, the Fed announced it would not permit BAC to payout a dividend post the recent ("covered-up") bank stress tests. This rightly drove shares of many financial companies lower. Further, it should drive taxpayer's nuts that a Fed "gag order" restricting disclosure of stress test results exists. This is taxpayer money after all. Meanwhile, speaking of the Fed we had two days of POMO resulting in $15 billion in fire power for trading desks of Primary Dealers including GS. The poor ADBE outlook lingered over tech but traders always seem to find a way to discard bad news and shift focus elsewhere. Of course, this can only be done so long. Economic data focused on New Home Sales which were down nearly 17% causing the Homebuilder ETF (XHB) to rally. I kid you not! Energy markets were higher despite higher inventories. OPEC spokesmen stated Tuesday they're comfortable at $120. How about you? Gold and silver hit fresh highs, while the euro dropped on Portugal, base metals rallied and bonds were slightly lower. Volume was once again light while breadth per the WSJ was unremarkable...' ]

Sec. Gates reassures Egypt over war in Libya (Washington Post) [ Well, there you go. If Gates says it; well, it must be true … riiiiight! Gates’s message (Washington Post) [ Which one? And I don't mean which gates. I mean which message? It's hard to keep up, especially if you have a good memory and remember what the meaning of the word 'is', is. Candor? CIA man gates? Are you just funnin' with us? Come on! Wake up! Oh wait … here's an incisive statement you can take to the bank … Uncertain outlook for Middle East: Gates [Sounds like a plan!] (Reuters) Overseas official trips amidst crises (Washington Post) [ It’s really quite incredible indeed. It was the espn basketball brackets that got me … so stereotypical … I mean what are they thinking, or not. Riiiight! Not! Well, gates is gone and as a cia man, what he says means absolutely nothing … they kind of pride themselves on that … On the receiving end you gotta think they’re already checking air force one’s return trip schedule hoping to ‘hold out’ and escape potential invasion themselves … After all, what nation in the world can or does trust desperate, meaningfully lawless, pervasively corrupt, defacto bankrupt america … oh yeah, maybe fellow war crimes nation israel and orwellian, me-too old-biddy britain.… Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ]As war clouds gathered over Libya on Friday, the U.S. commander in chief and his defense secretary were each preparing to leave Washington to visit places far removed from any military operations. ] The defense secretary is a voice of candor on the Mideast.

Germans pull forces out of NATO as Libyan coalition falls apart Mail Online

‘Libya war could last 30 years’ Mail Online | Ministers admitted they have no idea how long military operation against Gaddafi could take.

You Tube Admits To Freezing View Count On Biden Impeachment Video

National Guard Called Up for Libyan Intervention

Portugal’s government collapses (Washington Post) [ Here we go again … that so-called dominoe effect we thought we left behind in Vietnam; yet, truth be told, we have near 50 such dominoes here in the pervasively corrupt / defacto bankrupt disunited states of america. Yeah, it's actually worse here in terms of insurmountable magnitude.(Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ). That wobama is a failed president, there is no question. Yet, the gop's 'never saw a war / conflict they didn't like' for the sake of the military industrial complex, war profiteers, israel, war criminals, the few, etc., despite the defacto bankruptcy of the nation is quite beyond the pale. ‘US is broke, dollar down, yet policy is to divide & conquer’ RT | America is getting involved in another long-term war, which will ruin its economy. US Approaching Insolvency, Fix To Be ‘Painful’: Fisher CNBC | The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,”. Kucinich: War is a swamp, Obama Libya action unconstitutional Amid the ongoing coalitional bombardment of Libya it turns out President Obama may have had no constitutional authority for ordering US military involvement. Drudgereport: FED: US Approaching Insolvency... D EM LAWMAKER: IMPEACH OBAMA.. ]

Portugal’s parliament rejects an austerity plan, pushing the country closer to an international bailout and triggering another test of Europe’s ability to deal with an ongoing debt crisis.

U.S. cracks down on bribery abroad (Washington Post) [ But keep up the bribery back home since they (the injustice department et als) all have their hands out one way or another, directly or indirectly, sooner or later, for a piece of that ever more elusive, depreciating, if not vanishing american pie. Justice Department, SEC charge companies such as IBM, GE, Alcatel-Lucent, Halliburton, Tyson Foods, etc., for offenses abroad. See … if only these companies could move worthless paper like fraudulent wall street …!

Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b* s) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: City Lowers Police Testing Standards Because Not Enough Blacks Passed... Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters... Golf in the afternoon... ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.” Dave’s Daily: ‘…Where is the president? This has been a universal question raised by both right and left. Obama appeared on ESPN to go over his NCAA basketball bracket, is hosting a $30K a plate fund raiser in Harlem and heads this weekend to Rio. The president's disconnect is beyond belief and his ears have turned to tin…’ Obama Plays While Japan Begs for Help [ ‘Wobama the b’ (for b s*) is a typical ‘*************’ … Go ahead, fill it in … whatever comes to mind … don’t feel guilty, he’s already a failed president who should be impeached / removed from office without delay and a total incompetent and fraud. ] Paul Joseph Watson & Alex Jones | With the world on fire, the President goes AWOL again … ’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... `‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post** | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money

Web site Link / Path to archived file: http://www.albertpeia.com/insidejob.flv [45mb ]

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

Ethics code urged for Supreme Court (Washington Post) [ Sounds like a plan! Come on! Wake up! After all, what can you expect from two guidos from ‘jersey (alito and scalia, colloquial – note that I have refrained from using what some might consider disparaging terms as w*p*, gui***s, or da***s … and let me state for the record that I truly loved and respected my grandmother who was 100% Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby claim standing/right to posit the criticism in light of my direct experience. ). How ‘bout starting with enforcing laws as to judges, liars, etc., within the very corrupted american illegal system; and, particularly bribes which in one form or another are rampant . I don’t know about Thomas ( 3-4-11 Throw Clarence Thomas Off the Bench (The Daily Beast) ) , but I do know about alito and ‘jersey … :

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

· Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]

· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

· Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

Why your local Hospital could soon shut down (Ad)     http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video on the economic / financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url:     http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. )         http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4    ( 374mb )     Written text of presentation (without pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm ]

(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The same can be said of wobama et als and his fraudulently failed presidency.   Sheen On Obama: “A Coward In a Cheap Suit”   [ I think Sheen to be too gentle in his criticism of wobama (Some might reflexively, defensively allege drugs (prescription or otherwise) or any number of the varied personality disorders so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to even hold the office of president in question. Drudgereport: UPDATE: Huckabee claims Obama grew up in Kenya...      The Obama Nation, by Jerome Corsi Rezko was corrupt, and supported Obama in many campaigns as well as in Obama buying his home -- and therefore, according to Corsi, Obama is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.”        A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama.       Drudgereport: WOBAMA 'IMPEACHMENT' WARNING...   ...to announce exploratory committee 'in 10 days'         Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States.   Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... `‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker, along with the dems. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored following a spur of the moment campaign to elevate the movie’s title to the top of the major internet search engines. In light of this development, I provide an archived site version which appears to be complete (but will be compared with earlier version and replaced with same if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Washington Post: Let us know what you think

Weigh in on the redesign, and share or recommend the new washingtonpost.com.

You got to know I like the Post; and, it is your paper; and, it hasn't been particularly good for my posting; and, you know I still like The Washington Post; and, it is your paper; but, let me euphemistically say, you did not help yourself with the changes (except as I surmise as a possible means by which you conserve server / disk space).

There is nothing positive for me to add, unfortunately. Again ... Your paper, your choice.

Al Peia

Select Stocks Boost Markets: Dave's Daily [ Dave: '...Economic data focused on New Home Sales which were down nearly 17% causing the Homebuilder ETF (XHB) to rally. I kid you not! ...' ] 'As you must know, many major indices are price weighted and the DJIA takes the lead in this regard. Six of the highest priced stocks Wednesday (IBM, BA, CAT, DVX, MMM & UTX) provided most of the gains. Stocks were lower most of the morning, but volume seemed light, offering an opportunity for buyers to push prices higher. The theme for bulls was reconstruction in Japan even though EWJ (iShares Japan ETF) finished the day slightly lower. ETFs like XLB (SPDR Materials Sector ETF), SLX (Van Eck Steel ETF) and XME (SPDR Metals & Miners) have the "stuff" needed for reconstruction. Goldman Sachs CEO Lloyd ("I want me some more me!") Blankfein was on the witness stand today. He confirmed director Rajat Gupta violated "confidentiality" by tipping off hedge fund trader Raj Rajaratnam regarding Buffett's investment in his company. Also in the financial sector, the Fed announced it would not permit BAC to payout a dividend post the recent ("covered-up") bank stress tests. This rightly drove shares of many financial companies lower. Further, it should drive taxpayer's nuts that a Fed "gag order" restricting disclosure of stress test results exists. This is taxpayer money after all. Meanwhile, speaking of the Fed we had two days of POMO resulting in $15 billion in fire power for trading desks of Primary Dealers including GS. The poor ADBE outlook lingered over tech but traders always seem to find a way to discard bad news and shift focus elsewhere. Of course, this can only be done so long. Economic data focused on New Home Sales which were down nearly 17% causing the Homebuilder ETF (XHB) to rally. I kid you not! Energy markets were higher despite higher inventories. OPEC spokesmen stated Tuesday they're comfortable at $120. How about you? Gold and silver hit fresh highs, while the euro dropped on Portugal, base metals rallied and bonds were slightly lower. Volume was once again light while breadth per the WSJ was unremarkable...'

3 Reasons to Exit the Market Now Martchev 'NEW YORK (TheStreet) - A S&P 500 futures trader once told me: "After a sharp sell-off, the bounce leading to a first kiss of a 20-day moving average from below is a short sale." But, I had to ask, "Why?" "That's how it is," he said with a typical New York City assertiveness and did not elaborate. That very well may be "how it is" for the unwritten trading rule to look to sell the S&P 500 Index near the 20-day moving average after a sharp sell-off, but I still personally need to know the "why." Technical trading has value, but simply looking at charts is not enough for me. So, I decided to come up with some reasons behind why you should sell this particular rally.

No. 1: Oil Prices are Surging

Oil is above $100 per barrel as the bombardment of Libya has started. A missile already hit the Gaddafi residential compound -- "even though he is not a specific target" -- which, if successful, would have likely shortened the operation and brought a quicker resolution to the situation. (Click here for a related InvestorPlace.com article on investing in 3 dangerous places.) While Gaddafi has halted his attack on Benghazi after jet fighters attacked his troops directly, there is still plenty of fighting elsewhere. It looks to me that the rebels will use the situation to regroup and mount an offensive. In this situation, no foreign oil workers will return to the country anytime soon, causing Libya to further cut oil production. In addition, the situation in Yemen and Bahrain, both of which border Saudi Arabia, is rapidly deteriorating. In this scenario, I recommend taking a look at the U.S. Oil Fund(USO _) (NYSE: USO). This ETF has pulled back along with the front-month futures it tracks. Oil is likely headed higher in the short term, as all the factors that caused it to go to $107 have deteriorated notably while the price is below that level as of the time of this writing. There are liquid April, May and June options on the USO that offer numerous strategies to play the upside. Naked calls are the most risky, while any relevant option spreads will limit your risk and your rewards. (Smart traders try to minimize risk; greedy ones try to maximize the reward.)'

Lack Of Federal Fiscal Discipline Puts U.S. In Greece's League Ganos 'The federal government stands on the brink of financial collapse. For three years now, the federal budget deficit has been running around 10 percent of gross domestic product (GDP). At the current rate of federal spending, our total national debt will be about 108 percent of GDP by the end of the current fiscal year in September 2011. The Bowles-Simpson Commission warned that in three years, we will be where Greece is now. The Maastricht Treaty – which governs the euro currency system – requires member nations to exercise a certain level of fiscal discipline. Specifically, a member nation should not have a budget deficit that exceeds three percent of GDP. And, a member nation should not have total national debt that exceeds 60 percent of GDP. Of course, the only member nation that seems to have been telling the truth about its finances was Germany. Look where Europe is now. Greece’s national debt is approximately 150 percent of its GDP. At our current rate, we will be there in about three years as Bowles and Simpson have warned. Separately, economic historians will tell us that countries whose total national debt exceeds 90 percent have tough times going forward. While Greece kicks and screams about austerity, there is a perfect example of a turn-around: Brazil. Thirty years ago, Brazil was a financial basket case. It defaulted on much of its debt. After taking some tough medicine, its national debt is now about 30 to 40 percent of GDP. Today, Brazil is growing quite well. It has the seventh largest economy in the world and will likely overtake France and Germany in the next five years to take the number five position. The bottom line is that the federal government needs to exercise fiscal discipline. The solution needs to work for everyone. The folks on the left will want this or that. The folks on the right will want a different this or that. Everyone must share in the pain or we’ll all be in for worse pain. And, I don’t particularly care what the “this or that” is. That’s for the politicians. I do particularly care about the number, that we balance our budget. If that means one combination or another of tax increases and spending cuts, fine. My family must balance its budget. Your family must balance its budget. Now, I was about to say that we couldn’t pin this one on Goldman Sachs. But, from which firm have many of our recent Secretaries of the Treasury come?'

Year to Date Market Statistics Favor the Bear Suttmeier 'All you hear on financial television are the cheerleaders who tout that the bull market is alive and well. I have disagreed with this notion saying that the February 18 highs are the highs for the year. The Dow declined 6.7% from its February 18 high at 12,391.29 to its March 16 low of 11,555.48, and the rebound over the past four sessions has been 4.0% leaving the Industrials 3.0% below the February high. The NASDAQ declined 8.3% from its February high at 2840.51 to its March 16 low of 2603.50, and the rebound over the past four sessions has been 3.1% leaving the NASDAQ 5.5% below its February high. The NASDAQ ended last week with a negative weekly chart, which stays negative on a close this week below 2725.[chart]

The worst performance has been the Philadelphia Semiconductor Index (SOX) which peaked at 474.33 in mid-February. From that high to the mid-March low the SOX lost 13.8%. The rebound since Thursday through Monday was 3.5%, which leaves the SOX 10.8% below its high for the year.

Stocks Remain Overvalued Fundamentally -- We are not operating under a ValuEngine Valuation Warning, but 56.6% of all stocks are overvalued. In addition 15 of 16 sectors are overvalued with five by double-digit percentages.

Tracking the Bearish Moving Average Crossovers -- This occurs when the 21-day simple moving average trends below the 50-day simple moving average.

· Dow -- The 21-day and 50-day are converging as resistance at 12,047 and 12,029.

· SPX -- The 21-day and 50-day are crossing negatively today at 1303.57 and 1303.77.

· NASDAQ -- The 21-day and 50-day crossed over on Friday at 2722 and 2743.

· NASDAQ 100 -- The 21-day and 50-day crossed over on Friday at 2300 and 2317.

· Dow Transports -- The 21-day and 50-day crossed on March 14 at 5060 and 5111.

· The Russell 2000 -- The 21-day and 50-day are still converging at 808.02 and 804.36.

· The SOX -- The 21-day and 50-day crossed over on Friday at 439.60 and 445.97.

Closes on Weekly Charts Relative to the Five-Week Modified Moving Averages

1. Dow -- The five-week MMA is 11,994 with declining MOJO.

2. SPX -- Stays negative on a weekly close below the five-week MMA at 1299.2.

3. NASDAQ -- Stays negative on a weekly close below the five-week MMA at 2725.

4. NASDAQ 100 -- Stays negative on a weekly close below the five-week MMA at 2300.

5. Dow Transports -- Stays negative on a weekly close below the five-week MMA at 5101.

6. The Russell 2000 -- Stays negative on a weekly close below the five-week MMA at 803.96.

7. The SOX -- Stays negative on a weekly close below the five-week MMA at 440.81.

The weekly chart for the Dow Industrial Average shifts to negative this week on a weekly close below the five-week modified moving average at 11,994, as momentum (12x3x3 weekly slow stochastic) will be declining under 8.0. This measure scales between zero and 10.0, where a reading above 8.0 defines an overbought condition. Momentum peaked at 9.5 on February 18 when the high for the cycle was reached at 12,391.29. My first downside target is my annual value level at 11,491. A close in March below 11,491 targets semiannual value levels at 10,959 then 9,449 in the second quarter. This week’s risky level is 12,271.[chart]

10-Year Note -- (3.332) Weekly, annual, and semiannual value levels are 3.496 and 3.796 with daily, and monthly risky levels at, 3.231 and 3.002. [chart]

Comex Gold -- ($1425.9) Daily and annual value levels are $1417.9 and $1356.5 with weekly, monthly and quarterly pivots at $1440.7, $1437.7 and $1441.7, and semiannual risky level at $1452.6.[chart]

Nymex Crude Oil -- ($104.94) Daily, monthly, and semiannual value levels are $100.62, $96.43, and $87.52 with annual pivots at $99.91 and $101.92, and semiannual and quarterly risky levels at $107.14 and $110.87. [chart]

The Euro -- (1.4202) Weekly and quarterly value levels are 1.4028 and 1.3227 with daily, semiannual and monthly risky levels at 1.4347, 1.4624 and 1.4637.[chart]

Daily Dow -- (12,019) Daily, annual, quarterly, semiannual, and semiannual value levels are 11,841, 11,491, 11,395, 10,959, and 9,449 with weekly, monthly and annual risky levels at 12,271, 12,741 and 13,890. Watch the 21-day and 50-day simple moving averages as a zone of chart resistance, and a potential bearish crossover.[chart]

Key Levels for the Major Equity Averages

· The Dow Industrial Average (12,019) Daily and annual value levels are 11,841 and 11,491 with weekly and monthly risky levels at 12,271 and 12,741. Given a close in March below 11,491 the downside is to semiannual value levels at 10,959 and 9,449.

· The S&P 500 (1298.4) Daily and annual value levels are 1277.8 and 1210.7 with my quarterly pivot at 1262.5, and weekly and monthly risky levels at 1330.7 and 1381.3.

· The NASDAQ (2692) My daily value level is 2641 with weekly, quarterly and monthly risky levels at 2792, 2853 and 2926. Semiannual and annual value levels are 2363, 2335 and 2172.

· The NASDAQ 100 (NDX) (2263) My daily value level is 2222 with weekly, quarterly, and monthly risky levels at 2360, 2438 and 2499. Semiannual value levels are 2006.8 and 1927.6.

· Dow Transports (5167) Daily and quarterly value levels are 5044 and 4671 with weekly and annual pivots at 5164 and 5179.

· The Russell 2000 (808.66) Daily, annual and quarterly value levels are 797.08, 784.16 and 765.50 with weekly and monthly risky levels at 842.72 and 850.79. Semiannual value levels are 631.62 and 567.74.

· The Philadelphia Semiconductor Index (SOX) (422.91) My daily value level is 420.512 with monthly, weekly, and quarterly risky levels at 453.89, 462.98 and 465.93. Semiannual and annual value levels are 296.89, 270.98 and 259.30.

The FHFA reports another decline in home prices. According to the Federal Housing Finance Agency Monthly House Price Index home prices declined 0.3% in January with a year over year decline of 3.9%. This index tracks the purchase prices of houses backed by mortgages sold or guaranteed by Fannie Mae and Freddie Mac. I have been predicting lower home prices.
[chart] [chart]’

Bracing for More Economic Punches The Inflation Trader 'Many things have happened since I last wrote, on the day of CPI.

· Libya declared a cease-fire. Libya immediately violated its own cease-fire. A number of nations, including but not led by the U.S., imposed a no-fly zone in Libya at probably the last possible moment before the rebels faced defeat, and now may seek to secure the country by attacking Gaddafi’s troops by land. A member of the U.S. President’s own party declared that he should be impeached. Oil, seemingly oblivious of this drama, traded up another $4 over that time period and is near the year’s highs. I paid $72 to fill my Jeep yesterday.

· Existing Home Sales were dismal, and inventories actually rose slightly for the first time in six months. This is a small surprise given the low rates and slowing improving economic situation, but it may also be an insignificant wiggle. Still, economists have been revising lower their projected growth rates for Q1. Growing, but not booming.

· The Treasury announced that it is going to sell “up to” $10bln of its $142bln portfolio of agency MBS per month. This is prudent since they are aware of a $1.25 trillion portfolio that supposedly wants to unwind over the next few years (I seriously doubt it will happen). The timing is good since there is no net Treasury issuance at presence, thanks to the fact that the Fed is buying all of the net paper. It is not a monetary drain the way it will be when the Fed sells securities, because in the Treasury’s case it is replacing other issuance that it would do. The money will be spent either way! When the Fed sells securities for cash, the cash just sits there. When the Treasury sells securities for cash, it is recycled into the economy in the form of spending.

· Portugal’s government looks poised to lose a vote in parliament, and the event would effectively topple the government and push early elections. J.P. Morgan declared that “the likelihood that the Portuguese government will fall this week looks high.” This would, some people believe, force Portugal to seek support from the Stability Facility. If that surprises you, then you haven’t been paying much attention. Portuguese 10y yields are at 7.38%, below Ireland’s 9.66% partly because Irish yields keep rising. And yet, we keep hearing that the ECB is preparing to tighten monetary policy. If I was in Ireland, Greece, or Portugal, such talk would really irritate me. Slowing the economy right now is not exactly what these guys need, especially since the European economy is currently growing at a lusty 2% y/y. If there is a risk to the inflationary outcome being stoked by the Fed and perhaps finally the BOJ, it is that the ECB makes a horrendous policy error and tightens policy into a weak economy. I didn’t think this was very likely, because only fools would be thinking about tightening in Europe right now. It’s like taking someone on life support and deciding to remove their appendix. Without sterile equipment.

· In an unrelated note, probably, Venezuelan strongman Hugo Chavez declared that capitalism may have ended life on Mars. He may have been joking.

· Japan has gotten the nuclear situation seemingly under control, and the world is breathing a sigh of relief. The scale and scope of the catastrophe is still staggering. Some 9,000 people are confirmed dead, and with the number still missing and the number still without heat or food that number could still double. Into this great tragedy, the Bank of Japan and other central banks jointly intervened to weaken the yen several days ago. This is even less explicable than the saber-rattling of the ECB, because at least that could be stopped at saber-rattling. Why in the world would you want to weaken the yen? The fact it is strong is incredible in the first place – ordinarily currencies of countries with weakening economies, huge deficits, and loosening monetary policy will weaken on their own. A lower currency, induced by central banks, means that the people of Japan will have higher prices to deal with in addition to everything else, and since Japan imports most of its food and energy it means higher prices for those things. It helps the export sector, but right now they’re not making much of anything so it’s all downside.

Okay, now I think we are caught up as we head into today, Wednesday’s New Home Sales (Consensus: 290k from 284k) data. The bottom line is this: the immediate, nuclear crisis of Japan has passed. The Libya/MENA/energy price crisis is upon us. The Portuguese crisis is yet to occur...'

Goldman CEO says ex-director spilled secrets (Reuters) [ Oh riiiiight! He was the exception … Come on! … The markets are no longer markets per se, but rather incestuous pools of manipulations totally dependent upon ultimately taxpayer funds and defacto immunity for their ever more blatant and continuing crimes geared to maximize their own wealth to satisfy their own greed to the detriment of everyone else as seen in the last, continuing crisis. ]

Tanks Outside Cairo Stock Exchange as Market Plunges Bloomberg | Stock exchange cordoned by military police and tanks.

‘US is broke, dollar down, yet policy is to divide & conquer’ RT | America is getting involved in another long-term war, which will ruin its economy.

China could overtake US economy by 2020: World Bank

Tanks Gather Outside Of Cairo Stock Exchange, As Market Plunges In First Day Of Trading In its first trading since late January, the Egyptian market crashed. about 10%. That’s apparently limit down, so trading is already over.

US Inflation On Track To Hit 8.3% In 2011 Chasing all the fluttering glow in the dark swans over the past month has put some of the key issues facing the US economy on the backburner. But just like today’s surging inflation update in the UK confirmed, there is only so long that any given crisis can be used a distraction from the real problems at hand.

US Approaching Insolvency, Fix To Be ‘Painful’: Fisher CNBC | The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,”.

‘Fukushima flawed from start, 24 such plants online in US’ David Lindorff, investigative journalist and founding editor of the online newspaper This Can’t Be Happening explains why it is still impossible to prevent disasters like Fukushima, with all the work that is going into the development of peaceful nuclear energy:

Fukushima Smoking Gun Emerges: Founding Engineer Says Reactor 4 Has Always Been A “Time Bomb”, Exposes Criminal Cover Up It was only a matter of time before someone grew a conscience, and disclosed to the world that in addition to the massive cover up currently going on with respect to the true extent of the Fukushima catastrophe, the actual plant itself, in borrowing from the BP playbook, was built in a hurried way, using cost and labor-cutting shortcuts, and the end result was a true “time bomb.”

How Is The Central Economic Planning That The Federal Reserve Does Different From The Central Economic Planning That Communist China Does? Most Americans believe that we still live in a capitalist system and that free markets primarily determine the growth and development of our economy. But is that really the case? No, sadly it is not.

National / World

You Tube Admits to Censoring View Count on Biden Impeachment Video Steve Watson | Youtube has admitted to freezing the viewcount on a viral video of the Vice President highlighting the hypocrisy of Obama Admin’s aggression against Libya.

Japanese only ‘estimating’ radiation, not actually measuring Aaron Dykes | Japanese “experts” admit they are using a simulation to estimate radiation because accurate measurements aren’t feasible.

U.S. Health Authorities Urge Americans Not To Take Potassium Iodide Paul Joseph Watson | Baffling response given the fact that Fukushima is still spewing black radioactive smoke as Japanese authorities refuse to confirm radiation levels. Despite the fact that Fukushima nuclear reactor is still spewing black radioactive smoke as the crisis shows little sign of abating and Japanese authorities refuse to give accurate radiation readings, U.S. health authorities have gone from ambivalently telling Americans not to worry about the situation, to actively discouraging them from obtaining potassium iodide at all.

Germans pull forces out of NATO as Libyan coalition falls apart Mail Online | A German military spokesman said it was recalling two frigates and AWACS surveillance plane crews from the Mediterranean.

Chileans Receive Obama with Anti-NWO Info Blitz NWNoticias | The Chilean Resistance warn of the real globalist agenda behind the puppet president Obama.

‘Libya war could last 30 years’ Mail Online | Ministers admitted they have no idea how long military operation against Gaddafi could take.

You Tube Admits To Freezing View Count On Biden Impeachment Video Youtube has admitted to freezing the viewcount on a viral video of Vice President Joe Biden that highlights the hypocrisy of the Obama administration as it engages in military aggression against Libya.

Radiation Level At Fukushima Reactor No. 2 At Its Highest Level Recorded So Far, Neutron Beam Observed 13 Times Electric Power Co. said Wednesday it has observed a neutron beam, a kind of radioactive ray, 13 times on the premises of the Fukushima Daiichi nuclear plant after it was crippled by the massive March 11 quake-tsunami disaster.

Corporate Media Ignores Astronomical Fukushima Radiation Levels The Kyodo News Agency reports that radiation around the hobbled Fukushima nuclear plant is 1,600 times the normal level. The astounding figure was released to the media by the International Atomic Energy Agency officials on Monday.

Syria & Yemen: Tying up Globalist Loose Ends As the global corporate-financier oligarchy directs US, British, and French planes to bomb yet another Arab nation, their media tentacles are searching for sensationalism and sympathy in Syria to bolster destabilization efforts on the ground.

National Guard Called Up for Libyan Intervention Once again, the professional war-makers are taking you to the cleaners. So far, according to Fox News, Obama’s little excursion into Libya has cost you millions. Fox cites a Center for Strategic and Budgetary Assessments analysis estimating that the Libyan no-fly zone may cost $100 million to $300 million per week.

Hypocrite Biden Threatened Bush Impeachment Over Unconstitutional War How things change. In 2007, then presidential hopeful Biden stated unequivocally that he would work to impeach Bush if he bombed Iran without first gaining congressional approval. Now Biden is dutifully ringing up the royalty in United Arab Emirates and cajoling them to support Obama’s unconstitutional war waged on Libya and kicked off without congressional approval.

Leftist “Economic Terrorists” Are Patsies For The Real Economic Terrorists The controversy generated around the remarks of former SEIU official Stephen Lerner and his plan to rally unions, lawmakers, student groups and community organizers around a plan to crash the stock market, destroy big banks and redistribute wealth in America by destabilizing the country will be exploited by the real financial terrorists when they decide to launch the next false flag attack on the U.S. economy.

Drudgereport: FED: US Approaching Insolvency...
Oil closes above $105, highest level since Aug 2008...
New Home Sales Plunge; Hit Lowest Level Since Data Tracking Began in 1960s...
US gasoline inventories fall...
Neutron beam observed 13 times at crippled Fukushima nuke plant...
Fallout reaches Europe...
Concern in Tokyo over tap water...
Leading OBAMACARE Backer Considering Waiver for his City...
TOP GUN: As bombs drop, Spring Training (at baseball camp) for 'Lobotomy Joe' Biden...
Army Soldier Pleads Guilty in Deaths of 3 Afghan Civilians...
PORTUGAL TEETERS AFTER FAILURE TO CUT DEBT...
International Bailout Only Option...
PM resigns...
WOBAMA: I'm keeping my Peace Prize ... (which as is so of 'wobama the b' {for b*** s***} means absolutely nothing) ...
BOMBED BUT NOT BROKEN

Obama seeks to break impasse...
Allies in disarray...
No one wants to run operation...
French PM: 'We are not at war'...
DEM LAWMAKER: IMPEACH OBAMA...
US rescue chopper shoots 6 villagers welcoming pilots of downed jet...

UPDATE: Soldier to Plead Guilty in Afghan Murder Case...
Will testify against fellow 'kill team' troops...
Mainstream media ignores 'trophy' photos; White House mum...
Oil tops $105 per barrel...

Ex-President of Israel Sentenced to Prison for Rape...
Violence warning in UK as unions plan mass march Sunday...

DEFIANT

Gadhafi 'may become target of air strikes'...
Libya claims missiles struck Gadhafi's complex...
Arab League criticizes...
Waning support from China, Russia...
Boehner to Obama: Define mission...
Lib Dems in uproar...
Gadhafi: 'To my Dear Obama, our son'...
Saudis take to streets to demand release of prisoners held without trial...

NEWSWEEK: 38% fail basic citizenship test...

WAR NO. 3: US FIRES MISSILES INTO LIBYA
U.S., allies launch broadest international military effort since Iraq war...
Fire 112 Tomahawk missiles into Tripoli, Misrata...
LIVE: 'Operation Odyssey Dawn'...
Gadhafi to speak on 'the Crusaders' aggression'...
MARCH 19, 2011
OBAMA: 'Today we are part of a broad coalition. We are answering the calls of a threatened people. And we are acting in the interests of the United States and the world'...
MARCH 19, 2003
BUSH: 'American and coalition forces are in the early stages of military operations to disarm Iraq, to free its people and to defend the world from grave danger...

Anti-war protesters arrested near White House...

OBAMA DOES RIO...
Met with violent protests...
Cancels Public Speech in Rio Square...
Cancels Press Conference...
...picks UConn to win 3rd straight women's basketball championship...

Farrakhan to Obama: 'Be Careful, Brother. Who The Hell Do You Think Your Are?'

RADIOACTIVE IODINE DETECTED IN TOKYO DRINKING WATER...
Nearby Milk, spinach radiated, too...
FOOD SALES HALT CONSIDERED...

Japan Nuclear Disaster Caps Decades of Faked Reports...

Their pet goat (Washington Post) [ Oh come on! How can Mr. Milbank defend the indefensible; viz., 'wobama the b' (for b* s). Not that the gop is particularly credible … I mean aren't they the wimps on their so-called 'budget plan' (Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘* ). That wobama is a failed president, there is no question. Yet, the gop's 'never saw a war / conflict they didn't like' for the sake of the military industrial complex, war profiteers, israel, war criminals, the few, etc., despite the defacto bankruptcy of the nation is quite beyond the pale. ‘US is broke, dollar down, yet policy is to divide & conquer’ RT | America is getting involved in another long-term war, which will ruin its economy. US Approaching Insolvency, Fix To Be ‘Painful’: Fisher CNBC | The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,”. Kucinich: War is a swamp, Obama Libya action unconstitutional Amid the ongoing coalitional bombardment of Libya it turns out President Obama may have had no constitutional authority for ordering US military involvement. Drudgereport: FED: US Approaching Insolvency... D EM LAWMAKER: IMPEACH OBAMA.. ] The GOP takes Obama from tyrant to wimp in one quick trip.

Cost Of Libya War: $100 Million Dollars A Day With U.N. coalition forces bombarding Libyan leader Muammar el-Qaddafi from the sea and air, the United States’ part in the operation could ultimately hit several billion dollars — and require the Pentagon to request emergency funding from Congress to pay for it.

‘US is broke, dollar down, yet policy is war’

Fox News Contrives “Human Shield” Hoax To Sell Libya War Just as Bill Clinton’s bombardment of Serbia was launched on the back of a humanitarian hoax about fake concentration camps, establishment media outlets are already busy contriving phony stories about Gaddafi using “human shields” to convince the American people that the $100 million dollar a day attack on Libya is virtuous and noble.

Economic problems could cross Pacific *(Washington Post) [ Could? Is this one of those trick / 'understatement' statements / questions? You know … like … do bears s*** in the woods?... is the Pope catholic? … etc..* Japanese Meltdown Will Inhibit U.S. Recovery Hansen '…Immediately following an economic disaster, there is dislocation. Modern supply chains are disrupted. Transport is problematic. Like a tsunami, the inter-linkage of modern supply chains ripple through all products. Japan is an exporting nation. There are products made only in Japan, or disruption of production of a product where Japan is a significant producer, or the need for Japan to import a product normally not traded internationally. In other words, a ripple will go through availability and prices - both positive and negative.The global supply chains will adapt and improvise. What will go on inside Japan will be different.Japan will have lost forever six nuclear power plants units. A loss of six nukes leaves a huge hole in a nation's ability to produce energy. It will take many years to replace permanently - and the short term solution is building conventional fossil power plants. Manufacturing needs energy. But I fear energy may be a small component of the fallout for this event. In the short term, this is a true black swan event for investors. ...' Fears over Japan impact grow (Washington Post) [ As indeed they must, in keeping with some semblance of reality. ] Some analysts predict the tragedy could dramatically disrupt the fragile global economic recovery. [ You can bet that some bets already placed regarding Japan’s prospective action in the markets; ie., buying or rolling over government securities of such as the u.s., particularly, now fall under that foreboding platitude, ‘all bets are off’. This is an economically / financially staggering event and found the stock market rise of the last two days incomprehensible until I realized as set forth immediately hereafter: ...' ] The earthquake in Japan has led to some supply shortages in the automotive and electronics industries, and analysts say the effect could be widespread.

What They’re Covering Up at Fukushima Hirose Takashi | You get 3,500,000 the normal dose. You call that safe?

Radionuclide Blankets United States; Authorities Insist Levels Are Harmless Paul Joseph Watson | Radioactive Xenon 133 from stricken Fukushima nuclear plant will cover most of the planet.

AT&T’s lobbyists well positioned (Washington Post) [ The ultimate regression. You'd think that with all the negative fallout / consequences from unbridled k street lobbying, that such a scenario as this could not be … yet in pervasively corrupt, defacto bankrupt america, 'it is!' … AT&T, T-Mobile USA merger deal questioned (Washington Post) [ Questioned? Is that all? att / sbc is a horribly managed company that can't even do the simplest things well; ie., land lines and dsl thereby, my direct experience. We've seen this all before. When they can't do, they go monopoly bigger with disasterous results. This is an old story with a familiar ending.] A day after AT&T announced it would buy T-Mobile USA to create the biggest wireless carrier in the country, consumer advocates and some members of Congress blast the deal.

Merger a disconnect for consumers (Washington Post) [ Yeah! True enough! I had to drop my land line (att/sbc – jersey/bushland) which I kept for the public listing and which became disfunctional / unusable to the point where it was impacting my DSL line; both of which I dropped in favor of MagicJack (I recommend it) and Time Warner Cable / Internet (also better). Deal to combine AT&T, T-Mobile raises questions (AP) [Questions? Is that all? att / sbc is a horribly managed company that can't even do the simplest things well; ie., land lines and dsl thereby, my direct experience. We've seen this all before. When they can't do, they go monopoly bigger with disasterous results. This is an old story with a familiar ending. AP - AT&T's surprise announcement that it plans to acquire T-Mobile USA will force federal regulators to confront a difficult antitrust question: Can American consumers get good wireless service at a ... ] OPINION | Your choice for wireless service would get smaller should AT&T carry out its plan to buy T-Mobile USA. ] Firm confident it will win over regulators to its bid to buy T-Mobile USA, even as critics continue to bash the deal.

U.S. appears closer to turning over command(Washington Post) [ I can't precisely pinpoint exactly when, but at some point, if not for the real tragedy and horrific consequences, national / world events and particularly pervasively corrupt / defacto bankrupt america's lead role in them became a comedy of errors, at best. Working to maintain Arab support (Washington Post) [ Sounds like a plan! … Riiiiight! … I just had to say this here … Doesn't gaddaffy (who forgot to duck) bear a striking resemblance (now, not when he was younger) to David Patterson, former governor of new york (no slight to David Patterson … you've got to be at least a little blind to take an oath upholding law in corrupt, fraudulent, sinkholes new york / mob infested jersey, and america, generally. Mob's man cuomo? What's up with that (as per SNL's Thompson's bit)? Or is it just SNL's Fred Armisen's impression of both that leads me to such a conclusion. But this should help: US Army ‘kill team’ in Afghanistan posed for photos of murdered civilians infowars.com Commanders in Afghanistan are bracing themselves for possible riots and public fury triggered by the publication of “trophy” photographs of US soldiers posing with the dead bodies of defenseless Afghan civilians they killed … Russia “Regrets Armed Action” Killing 48 in Libya Kurt Nimmo | In a statement issued today, Russian Foreign Ministry spokesman Alexander Lukashevich said 64 civilians were reported to have been killed and 150 wounded in air strikes on Libya. Lukashevich called on Britain, France and the United States Sunday to stop air strikes on non-military targets.

Western Air Strikes Kill 64 in Libya

Gates’s message (Washington Post) [ Which one? And I don't mean which gates. I mean which message? It's hard to keep up, especially if you have a good memory and remember what the meaning of the word 'is', is. Candor? CIA man gates? Are you just funnin' with us? Come on! Wake up! Oh wait … here's an incisive statement you can take to the bank … Uncertain outlook for Middle East: Gates [Sounds like a plan!] (Reuters) Overseas official trips amidst crises (Washington Post) [ It’s really quite incredible indeed. It was the espn basketball brackets that got me … so stereotypical … I mean what are they thinking, or not. Riiiight! Not! Well, gates is gone and as a cia man, what he says means absolutely nothing … they kind of pride themselves on that … On the receiving end you gotta think they’re already checking air force one’s return trip schedule hoping to ‘hold out’ and escape potential invasion themselves … After all, what nation in the world can or does trust desperate, meaningfully lawless, pervasively corrupt, defacto bankrupt america … oh yeah, maybe fellow war crimes nation israel and orwellian, me-too old-biddy britain.… Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ]As war clouds gathered over Libya on Friday, the U.S. commander in chief and his defense secretary were each preparing to leave Washington to visit places far removed from any military operations. ] The defense secretary is a voice of candor on the Mideast.

[I have been under constant barrage / hack / intrusions which has my antivirus working overtime and flashing savesfrom a multitude of threats. I think this particular thrust by what I reasonably suspect to be paranoid american / israeli criminals / lunatics was probably affected particularly by that blazing full ‘supermoon’, but continues when for now just limited moments I’m logged into windows xp, literally a virus magnet/so-called op system. I thereupon downloaded and installed linux / unbuntu 10.10 (most recent) which also makes available an ‘installer’ (separate download, both free from their official website-I will provide the link I used next session) that facilitates essentially a dual boot (you may choose your operating system for the session – windows or linux/ubuntu). Works like a charm and I strongly recommend it. Microsoft’s a dyingosaur american monopoly company which is an american tale and story of america as a pervasively corrupt, defacto bankrupt, dying / declining nation.]

I was somewhat nonplussed by the suckers’ market bounce those few days but there was also that ‘shock and awe’ Libyan thing; and then, ‘Eureka!’ … there it was, staring down for all to see … a blazing full moon. Yes, they have such affects on lunatics as in pervasively corrupt, defacto bankrupt america et als; but particularly on wall street, and it certainly doesn’t take much to push the frauds on wall street over the edge and into their predisposed fraudulent madness. In fact, you could say, ‘it’s in their genes’. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone and today’s short-covering / suckers’ rally provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’ BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows

4 Phases of a Bear Market Meshkati NEW YORK (TheStreet) -- 'Almost exactly one month ago, I described the 4 phases of a bull market cycle. My reason for writing the article was to warn market participants of the impending disaster that tends to strike right around the time a certain class of investor (termed "phase 4" investors) becomes involved in the financial markets...'

Deal to combine AT&T, T-Mobile raises questions (AP) [Questions? Is that all? att / sbc is a horribly managed company that can't even do the simplest things well; ie., land lines and dsl thereby, my direct experience. We've seen this all before. When they can't do, they go monopoly bigger with disasterous results. This is an old story with a familiar ending. AP - AT&T's surprise announcement that it plans to acquire T-Mobile USA will force federal regulators to confront a difficult antitrust question: Can American consumers get good wireless service at a ...

Japanese Meltdown Will Inhibit U.S. Recovery Hansen

Another H&S Pattern at Hand: Dave's Daily 'We've seen some major H&S top formations over the past year but none of them were effective. Why was that? POMO and zero interest rates made for a dip buyers' market. How long will this continue? Until POMO ends perhaps which is supposed to occur in June but some may front-run that in May. Markets were subdued Tuesday as investors paused to assess what's really going on. The Fed stated they thought the recovery was gaining traction. This might be some self-congratulations, jawboning and rationalization of money printing. ("See it worked!!") There was little in the way of economic news. Earnings new late showed Adobe earnings beat but forecast was cut due to disruptions in Japan. Crude oil keeps rising (bullish for it, not markets), precious metals and the dollar were mixed and bonds rose. Volume returned to ultra-light status while breadth was mildly negative overall...'

Stocks End Barely in Red, Snap Latest Win Streak Midnight Trader '4:17 PM, Mar 22, 2011 --

· NYSE down 27.95 (-0.3%) to 8,228.41

· DJIA down 17.90 (-0.2%) to 12,019

· S&P 500 down 4.61 (-0.4%) to 1,294

· Nasdaq down 8.22 (-0.3%) to 2,684

GLOBAL SENTIMENT

· Hang Seng up 0.76%

· Nikkei up 4.36%

· FTSE down 0.43%

Days Of Technical Reckoning Ahead Salamone 'A brewing nuclear crisis in Japan was the catalyst for “watch out below!” expiration-week volatility this past week, with the S&P 500 Index closing down 25 points, or 1.9%.

In reviewing the price action driven by the Japan catalyst, one has to wonder: How much of the selling was related to expiration-week delta hedging? Delta hedging is a process in which sellers of index and exchange-traded fund (ETF) puts short S&P futures in order to maintain a neutral position, and heavy put strikes below act as magnets due to their increasing sensitivity to the decline in the underlying index or ETF.

We found it interesting, for example, that the SPDR S&P 500 ETF (SPY) was driven down to the 125 strike at Wednesday’s lows, as this was the site of the last significant put open interest in the expiring March series. Even as headline news remained bleak, the ETF managed to bounce strongly — perhaps due to the major delta-hedge selling being exhausted. As you can see in the chart below, the put open interest at the 123 and 124 strikes was minimal compared to the put open interest at the 125 through 128 strikes.

[chart http://www.schaeffersresearch.com/commentary/content/monday+morning+outlook+two+major+risk+factors+for+the+bulls/observations.aspx?click=home&ID=105587 ]

To the extent that some of last week’s selling was driven by hedging activity related to the huge put open interest on expiring index and ETF options, it would favor the bulls, as investor anxiety climbed amid the selling. For example, the latest survey from the American Association of Individual Investors (AAII) revealed only 28% of those surveyed were bullish — the lowest percentage of bulls since late August 2010, which was a buying opportunity.

Despite the rising fears, the SPX managed to close the week above its 80-day moving average, which we identified as a potential support area in the event of a decisive break below 1,300. The rising 80-day moving average began this week’s at 1,277.60. Coincidentally, this area marks a 50% retracement of the prior week’s close and last week’s low.

Moreover, we found it interesting that the SPX, Dow Jones Industrial Average and Russell 2000 Index pulled back to their respective breakevens for the year, and closed the week in positive territory after rallying from these year-to-date breakeven numbers — which are 1,257.64, 11,577.51 and 783.65, respectively. The Nasdaq Composite, however, closed the week barely in negative year-to-date territory, below its Dec. 31, 2010 close at 2,652.87.

These “year-to-date” breakeven numbers can be viewed as potential support for the upcoming week. Meanwhile, potential resistance levels would be the familiar round-number areas, such as 12,000 on the Dow, 1,300 on the SPX and 800 on the RUT.

The two major risk factors working against the bulls in the short term are:

8. Volatility, as measured by the CBOE Market Volatility Index (VIX), is rising. We noted in prior weeks that bulls should be encouraged by the fact that the VIX was getting capped at long-term trendlines, such as its 200-day and 80-week moving averages, which are situated at 21.69 and 22.26, respectively. While the VIX peaked in the 30 area around mid-week, we won’t have confirmation that a top has been reached until we see a decline below these long-term trendlines and the 20 level. Finally, it is interesting that the VIX’s peak at 31.28 last week is approximately double the lows that have been in place since mid-December.

9. Another concern is that our analysis of activity in the options market indicates that hedge funds are still not showing interest in accumulating equities. And if retail investors continue to bail, as they have done during the past couple of weeks, this absence of institutional and retail interest could create a challenge for equities in the near term.

One alternative you could consider amid the global uncertainty is a stock-replacement strategy, where you sell stocks that you like and buy in-the-money or longer-dated call options on those same equities. We noticed equity implied volatilities did not experience the pop that index implied volatilities experienced last week. Therefore, many equity options remain reasonably priced.

Options allow you to put less dollars at risk, but offer you returns that are a multiple of the comparable return on the underlying equity. This strategy allows you to participate in a rally if volatility has peaked, while simultaneously exposing fewer dollars to the market. If you are looking for equity put plays, we recommend hunting in the large-cap technology space, as hedge funds appear to be bailing on these equities.'

[$$] Believe Only What You See Little 'Are you a believer? If you are buying this market after the spike off the lows, you had better believe the worst is behind us. Either that, or your trading horizon is very short. Although I would like to believe this, I simply can't at this juncture. I believe what I see, and that is a financial sector that can't move higher. I see the strongest NYSE sector, energy, setting up for a likely failed attempt to break higher. I am witness to pathetic attempts to lift in the semiconductors. Everywhere I peer, I see issues, and not answers. Many sectors want to trade sideways at best from here. What I see is a much higher probability of lower prices on the near-term horizon, and I began gearing up in earnest for that trade yesterday...'

Top 3 Reasons Markets Were Down Like Chris Brown Wall St. Cheat Sheet 'Markets closed down on Wall Street: DJI -0.15% SP500 -0.36% Nasdaq -0.31% Gold +0.09 % Oil +1.63% .

Today was all about Energy ( NYSE:XLE ). Oil ( NYSE:USO ) is back on fire as prices rose to $105 — a scary proposition for the economy as we head into the summer months for travel, air conditioning, and new clothes. In big news, Japan ( NYSE:EWJ ) has restored power to the six nuclear reactors and Libya continues to be the focus for the Middle East. Markets opened flat to down and basically chopped in a narrow trading range all day.

Today’s markets were down because:

1) Defensive stocks were in play. As we mentioned above, Energy ( NYSE:XLE ) was the story of the day. However, investors also sought out shares of other safe-havens like Healthcare ( NYSE:XLV ) and Utilities ( NYSE:XLU ). Outperformers include St. Jude Medical ( NYSE:STJ ), Entergy Corporation ( NYSE:ETR ), and Royal Dutch Shell Don’t Miss: 3 Defensive ETFs to Hedge a Market Pullback .

2) Walgreen Co. ( NYSE:WAG ) disappointed on earnings. The drugstore pissed off Wall Street and sold off to the tune of 6.58%. Rite Aid ( NYSE:RAD ) got slammed 3.74% on the news, and CVS Caremark ( NYSE:CVS ) escaped with a more narrow 0.95% loss. Now check out our Retailer Roundup: Your Cheat Sheet to the Winning and Losing Stocks .

3) Research in Motion ( NASDAQ:RIMM ) and stole the tech spotlight. Research in Motion ( NASDAQ:RIMM ) announced the Blackberry Playbook will go on sale April 19th for $499. PlayBook will be available through Best Buy ( NYSE:BBY ), AT&T ( NYSE:T ), Verizon ( NYSE:VZ ), Radioshack ( NYSE:RSH ), Sears Canada and Wal-Mart ( NYSE:WMT ). However, shares of Apple ( NASDAQ:AAPL ) shrugged off the new as iPad2 is now on backorder for 4-5 weeks.

Now that you’re in the know, try to stay away from R&B disaster Chris Brown!'

‘US is broke, dollar down, yet policy is to divide & conquer’ RT | America is getting involved in another long-term war, which will ruin its economy.

US Approaching Insolvency, Fix To Be ‘Painful’: Fisher CNBC | The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,”.

Gold key to financing Gaddafi struggle FT | Gaddafi mercs reportedly paid in gold.

Fed and Inflation Blame for the most recent round of price increases has been laid at the feet of the Federal Reserve’s program of credit expansion for the past three years. The current program, known as QE2, sought to purchase a total of $900 billion in US Treasury debt over a period of 8 months. Roughly $110 billion of newly created money is flooding into commodity markets each month.

Cost Of Libya War: $100 Million Dollars A Day With U.N. coalition forces bombarding Libyan leader Muammar el-Qaddafi from the sea and air, the United States’ part in the operation could ultimately hit several billion dollars — and require the Pentagon to request emergency funding from Congress to pay for it.

Lindsay Williams: Silver Heading To $100 Lindsay Williams predicts a Silver bull run.

Central Banks Catch Gold Fever At WealthCycles.com, one of our favorite factors driving gold’s rise over the past couple of years has been increased interest in a truly safe asset by central banks around the world.

National / World

What They’re Covering Up at Fukushima Hirose Takashi | You get 3,500,000 the normal dose. You call that safe?

Flashback: Alex Jones’ classic interview with Dr. Paul Kossey, HAARP program director Infowars | Alex Jones’ June 24, 2008 interview with Dr. Paul Kossey, H.A.A.R.P. Program Manager for Air Force Research Laboratory Space Vehicles Directorate

Bottom Line, Libya Will Remain a Transnational Oil Fiefdom Kurt Nimmo | It is business as usual in Libya — never mind the little war now underway.

Radionuclide Blankets United States; Authorities Insist Levels Are Harmless Paul Joseph Watson | Radioactive Xenon 133 from stricken Fukushima nuclear plant will cover most of the planet.

Strangling of the Free Internet Begins Matt Ryan | It’s becoming clear that communication is becoming more restricted and more expensive.

Ron Paul: Obama Moving Us Toward One World Government Steve Watson | Congressman goes on media blitz to denounce illegal war of aggression against Libya .

The Reality Detached American Infowars.com | The signs are everywhere for those with eyes to see and ears to hear.

Radioactive particle traces from Japan reach Iceland, Canada Reuters | Miniscule numbers of radioactive particles have been detected as far away as Iceland.

International Support For The Libyan War Is Collapsing Business Insider | Support for Operation Odyssey Dawn is withering.

Egypt Interior Ministry Building Burning (Again) Zero Hedge | It seems Egyptians are so enamored with revolting they have decided to do the whole thing all over again.

White House Admits Goal In Libya Is Regime Change The White House suggested Tuesday the mission in Libya is one of regime change, despite emphatic statements from President Obama and military brass that the goal is not to remove Moammar Gadhafi from power.

Radionuclide Blankets United States; Authorities Insist Levels Are Harmless Contradicting Barack Obama’s assertion last week that radiation from Japan’s stricken Fukushima nuclear plant would not even reach Hawaii, the mainland United States has been blanketed with radioactive Xenon 133 particles, while spent nuclear fuel pools at Fukushima have now reached boiling point and threaten to spew out more radioactive smoke.

Bottom Line, Libya Will Remain a Transnational Oil Fiefdom Like Saddam Hussein in oil-rich Iraq, Muammar al-Gaddafi is a PR disaster and does not fit into the new Middle East envisioned by the globalists and their multinational mega-corporations.

Ron Paul: Obama Moving Us Toward One World Government Congressman Ron Paul made a sweep of television appearances yesterday to voice his strong opposition to the attack on Libya, and making it clear that the president is subverting US national sovereignty by bypassing Congress to engage in illegal acts of aggression.

Photo Evidence: Temperature in Fuel Rod Pool Above Boiling Point It looks like the Japanese and Obama will try to cover-up the out of control reactors and exposed fuel rods at Fukushima the same way the U.S. government covered-up the Gulf oil disaster.

Kucinich: War is a swamp, Obama Libya action unconstitutional Amid the ongoing coalitional bombardment of Libya it turns out President Obama may have had no constitutional authority for ordering US military involvement.

‘US is broke, dollar down, yet policy is to divide & conquer’ Fresh explosions and gunfire have been heard in Tripoli, as international coalition forces continue to bombard Libya.

Fox News Contrives “Human Shield” Hoax To Sell Libya War Just as Bill Clinton’s bombardment of Serbia was launched on the back of a humanitarian hoax about fake concentration camps, establishment media outlets are already busy contriving phony stories about Gaddafi using “human shields” to convince the American people that the $100 million dollar a day attack on Libya is virtuous and noble.

More Republicans doubt Obama's Libya action and Costly Operations (Reuters)

Uncertain outlook for Middle East: Gates [Sounds like a plan!] (Reuters)

Israel kills 9 Civilians in Gaza in deadliest day in months (Reuters) Israeli strike misses target, kills 4 Palestinians including 3 children (AP)

Working to maintain Arab support (Washington Post) [ Sounds like a plan! … Riiiiight! … I just had to say this here … Doesn't gaddaffy (who forgot to duck) bear a striking resemblance (now, not when he was younger) to David Patterson, former governor of new york (no slight to David Patterson … you've got to be at least a little blind to take an oath upholding law in corrupt, fraudulent, sinkholes new york / mob infested jersey, and america, generally. Mob's man cuomo? What's up with that?)? Or is it just SNL's Fred Armistan's impression of both that leads me to such a conclusion. But this should help: US Army ‘kill team’ in Afghanistan posed for photos of murdered civilians infowars.com Commanders in Afghanistan are bracing themselves for possible riots and public fury triggered by the publication of “trophy” photographs of US soldiers posing with the dead bodies of defenseless Afghan civilians they killed … Russia “Regrets Armed Action” Killing 48 in Libya Kurt Nimmo | In a statement issued today, Russian Foreign Ministry spokesman Alexander Lukashevich said 64 civilians were reported to have been killed and 150 wounded in air strikes on Libya. Lukashevich called on Britain, France and the United States Sunday to stop air strikes on non-military targets. 64 civilians reported killed, 150 wounded in the attacks.

Western Air Strikes Kill 64 in Libya — Health Official

Roscoe Savages Obama: No Congressional Approval For Attack On Libya

UN Powers Violate Their Own Resolution By Targeting Gaddafi [...the obvious attempt to assassinate Gaddafi violates not only U.S. law, but the UN’s own charter.] U.S. and European diplomats move quickly to rally wavering support for military intervention.

[I have been under constant barrage / hack / intrusions which has my antivirus working overtime and flashing saves from a multitude of threats. I think this particular thrust by what I reasonably suspect to be paranoid american / israeli criminals / lunatics is probably affected particularly by this blazing full ‘supermoon’. I thereupon downloaded and installed linux / ubuntu 10.10 (most recent) which also makes available an ‘installer’ (separate download) that facilitates essentially a dual boot (you may choose your operating system for the session – windows or linux/ubuntu – linux/ubuntu comes loaded with very functional software; ie., open office suite, firefox web browser, etc.). Works like a charm and I strongly recommend it. Microsoft’s a dyingosaur american monopoly company which is an american tale and story of america as a pervasively corrupt, defacto bankrupt, dying / declining nation.]

Fed to name banks that took out emergency loans (Washington Post) [Note the skullduggery by the fed which taxpayers are and will further be paying for as pointed out by Dave: M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures... It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’ BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ] The Federal Reserve loses a court battle to keep the information private.

AT&T, T-Mobile USA merger deal questioned (Washington Post) [ Questioned? Is that all? att / sbc is a horribly managed company that can't even do the simplest things well; ie., land lines and dsl thereby, my direct experience. We've seen this all before. When they can't do, they go monopoly bigger with disasterous results. This is an old story with a familiar ending.] A day after AT&T announced it would buy T-Mobile USA to create the biggest wireless carrier in the country, consumer advocates and some members of Congress blast the deal.

Merger a disconnect for consumers (Washington Post) [ Yeah! True enough! I had to drop my land line (att/sbc – jersey/bushland) which I kept for the public listing and which became disfunctional / unusable to the point where it was impacting my DSL line; both of which I dropped in favor of MagicJack (I recommend it) and Time Warner Cable / Internet (also better). Deal to combine AT&T, T-Mobile raises questions (AP) [Questions? Is that all? att / sbc is a horribly managed company that can't even do the simplest things well; ie., land lines and dsl thereby, my direct experience. We've seen this all before. When they can't do, they go monopoly bigger with disasterous results. This is an old story with a familiar ending. AP - AT&T's surprise announcement that it plans to acquire T-Mobile USA will force federal regulators to confront a difficult antitrust question: Can American consumers get good wireless service at a ... ] OPINION | Your choice for wireless service would get smaller should AT&T carry out its plan to buy T-Mobile USA.

In Libya, rifts open in NATO coalition (Washington Post) [ Rift? Murky? New rifts? Sounds more like profound disappointment that a feeding frenzy analogous to those BP oil eating bacteria in the gulf is not imminent . After all, the so-called nato coalition, almost to a nation, is both defacto bankrupt and oil-starved. ] Three days of heavy airstrikes highlight the murky nature of the coalition involved in the effort.

Libya, Hypocrisy and Betrayal by the United Nations: US-NATO’s New War in North Africa of Death and Destruction Infowars.comThe bombing of Libya will begin on or nearly to the day, of the eighth anniversary of the beginning of the destruction of Iraq, 19th March, in Europe.

A People Betrayed: West Launches New War for Oil in Libyainfowars.com And so now, another war. Led by the United States and the religious extremists in Saudi Arabia, the UN Security Council voted to intervene on behalf of one side in the Libyan civil war. Having already armed and trained Moamar Gadafy’s armies and security forces, the Western war-profiteers have now decided to do the same for his opponents.

[I have been under constant barrage / hack / intrusions which has my antivirus working overtime and flashing saves from a multitude of threats. I think this particular thrust by what I reasonably suspect to be paranoid american / israeli criminals / lunatics is probably affected particularly by this blazing full ‘supermoon’. I thereupon downloaded and installed linux / ubuntu 10.10 (most recent) which also makes available an ‘installer’ (separate download) that facilitates essentially a dual boot (you may choose your operating system for the session – windows or linux/ubuntu – linux/ubuntu comes loaded with very functional software; ie., open office suite, firefox web browser, etc.). Works like a charm and I strongly recommend it. Microsoft’s a dyingosaur american monopoly company which is an american tale and story of america as a pervasively corrupt, defacto bankrupt, dying / declining nation.]

I was somewhat nonplussed by the suckers’ market bounce these past two (now three) days, and then, ‘Eureka!’ … there it was, staring down for all to see … a blazing full moon. Yes, they have such affects on lunatics as on wall street and it certainly doesn’t take much to push the frauds on wall street over the edge and into their predisposed fraudulent madness. In fact, you could say, ‘it’s in their genes’. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone and today’s short-covering / suckers’ rally provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’ BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows

Global Meltdown? [ Looks like … feels like … seems like … Yes, it is! A global meltdown! ] Nyaradi ‘Global meltdown. Scary words, indeed. However, as we look around our world, it certainly does appear that a global meltdown is in progress.At Wall Street Sector Selector, we are nearly fully positioned on the “short” side of global markets and so were fortunate to have had a pleasant day, unlike so many investors and citizens of our small world. I sincerely hope and pray that many pleasant days lie ahead for the people of Japan, Bahrain and Libya.Of course, the big news is in Japan, where the struggle to contain the potential of nuclear meltdown goes on after the tsunami and earthquake. I can’t add much to this discussion other than to say that from a human standpoint, we need to do what we can to help our allies in their time of need.I travel often to Japan and this is a modern Western country now without power and water and basic essentials for many days, and to fully understand this unthinkable tragedy, just try to imagine a 30 foot wall of water coming through your neighborhood, entire neighborhoods and towns disappearing, followed by the threat of nuclear catastrophe and no water and power for days on end during these cold early spring nights.Aside from the human catastrophe, the economic toll of this event will be felt for years. Some analysts estimate that Japan will have to import an additional 200,000 barrels of oil per day to make up for the lost output of the damaged nuclear plants, while insurance and GDP losses are only guestimates at this early hour but will be surely significant. Across the globe, unrest continues in the Middle East as Bahrain is under martial law, the Libyan government continues to quell the revolution (while the United Nations dithers) and Portugal’s credit rating is downgraded and totters again on the edge of financial collapse. At home, Congress continues putting band aids on our national budget deficit while home sales plunge to new lows…’

M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds. POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you. Monday, AT&T announced it will buy rival T-Mobile (including Katherine Zeta-Jones?) for $39 billion in cash (financed no doubt) and stock. This energized bulls overall. Meanwhile a few Tomahawk missiles here and there got the Libya situation tamped-down from hot to probably a long drawn-out quagmire. Gadhafi isn't happy meaning he might turn loose some sleeper cell revenge; but, that's for another day. In Japan things still remain "white hot" despite a cool-down in two reactors but troubles with others. But, both news from Japan (Buffett said "buy, buy, buy") and MENA receded to the background as markets rallied. Existing Home Sales fell sharply which can only be termed as bullish since bulls believe the Fed will keep rates friendly to stocks. One thing set aside by pundits and the media are building margin pressures being felt by companies. This will need to be passed to consumers and end users. You saw this with Nike's recent report. Should this continue, it will cause consumer inflation worries no matter how the data is rigged or spun. Stocks rallied sharply primarily on the M&A news while commodity markets, including oil, precious metals, soared. Bonds fell as did the sacrificial lamb--Uncle Buck...'

Japanese Meltdown Will Inhibit U.S. Recovery Hansen 'Modern economic theory implies spending for any reason is good. The rebuilding following a disaster would logically be a plus economically. Destruction triggers rebuilding - an economically positive event.

Immediately following an economic disaster, there is dislocation. Modern supply chains are disrupted. Transport is problematic. Like a tsunami, the inter-linkage of modern supply chains ripple through all products. Japan is an exporting nation. There are products made only in Japan, or disruption of production of a product where Japan is a significant producer, or the need for Japan to import a product normally not traded internationally. In other words, a ripple will go through availability and prices - both positive and negative.

The global supply chains will adapt and improvise. What will go on inside Japan will be different.

Japan will have lost forever six nuclear power plants units. A loss of six nukes leaves a huge hole in a nation's ability to produce energy. It will take many years to replace permanently - and the short term solution is building conventional fossil power plants. Manufacturing needs energy. But I fear energy may be a small component of the fallout for this event.

In the short term, this is a true black swan event for investors.

Modern nuke design currently on the drawing boards is presumably fail safe. On the other hand, almost all existing worldwide plants require active measures (core cooling) to shut down the plant. Having been a start-up engineer on a GE Mark1 nuke - I have not heard the type of information I would need to make an assessment on how this crisis will unfold. But what images I see indicate man is no longer able to control the events at some of the units.

Throwing water on an overheated plant provides steam as a carrier to spread radioactive contamination. Plant operators are already selecting the best of the terrible options available. Observation tells that we are far beyond the design solutions available to cool the core. Hail Mary plays are in progress.

The plant systems themselves are fairly robust - but conditions in the plant with heat, water and radiation have been unmonitored - and we have heard that operators have no clue if the monitoring systems are reading correctly. Status is unknown. Let me assure you, if your monitoring systems are suspect - the control systems are suspect. The plant likely requires electrical jumpers to actuate cooling systems which must be installed by humans in a radiated environment.

Even if pumps can start, what about the operated valves? Are the correct ones open? Are pressure levels too high for actuation? If the remote operated valves cannot cycle, can human's get close enough to the valves to manually cycle? What are the conditions in the piping in the suppression pools post venting - which is the Achilles Heel of Mark 1's? The suppression pools for the runaway reactors maybe dry due to a rupture.

So many options are available if the operators have electric power and radiation is low and access to the plant was not restrained. Radiation levels alone have removed most options from the table as crews cannot spend enough time in the plant to execute modifications. All the core cooling systems are closed loop. There is likely debris in these loops if reports of meltdown is true - and this debris will likely take out the pumps if they start. At this point, the systems need modification to open these cooling loops directly to the sea - it is one of the better terrible options.

The systems now require some modifications to bring the plants under control - and that means humans must be able to work in the reactor building - and possibly some time inside of the primary containment structure. This does not seem likely based on the commentary and pictures.

Likely, the current thinking may be towards building a Chernobyl type sarcophagus - a concrete coffin. How do you build one without killing those who build it?

Further, it is sad the spent fuel rods are kept in the plant (due to resistance to reprocessing by the greens) and will increase the potential for radiation release during the disaster - and make subsequent cleanup more difficult. This thought continues to rattle around in my brain - clean up of a radiation contaminated environment is slow. At this point, I am beginning to lean towards a very slow cleanup and reconstruction.

Investors are too optimistic on Japan's future in the next 6 months to a year. The situation, based on current wisdom, will never be as bad as Chernobyl, but it is already worse than Three Mile Island because of 6 units in close proximation.

Certainly, over the next few years, Japanese GDP will rise caused by the reconstruction. GDP theory is that building things - regardless of reason or usefulness - is good. This reconstruction flies in the face of the basic rationale of GDP which is intended to count productive use of the economy. The only productive use is the slice of the rebuilding which is an improvement over the old.

Money spent is money spent. The economy, in a broader sense - is simply money flows. Money moving is good for business - productive or not.

Japan, however, is not suffering from structural unemployment - but suffering from massive sovereign debt and deflation. For now, this disaster will not help the ills facing the pre-disaster Japanese economy.

But money flows are money flows - and money flowing is the real economy, productive or not.

The question: Is what is good for business good for the economy? Whatever the answer, in the medium term - disasters are good for business after absorbing the initial losses.

With the loss of life and hardships the Japanese citizens now face - it is hard to see any economic good coming out of this disaster.

Economic News this Week:

Econintersect’s economic forecast for March 2011 points to a moderately improving economy with all segments of its non-monetary index positive. This week the Weekly Leading Index (WLI) from ECRI improved from an upwardly revised 6.8% to 7.1%. This level implies the business conditions six months from now will be approximately the same or slightly improved compared to today.

click to enlarge http://static.seekingalpha.com/uploads/2011/3/20/saupload_ecri_11_march_2011.jpg

Initial unemployment claims in this week’s release dropped slightly. The data for the last two months as been quite noisy, and it remains important to follow the four week moving average for analysis of unemployment to smooth out the reporting idiosyncrasies. Overall, the loss of jobs is improving – and is now roughly the same as mid-2008.

The data released this week was positive and consistent with Econintersect’s January, February and March forecasts of slightly improving economic conditions overall. The economy, similar to this period last year at this time, is gaining strength. [chart]http://static.seekingalpha.com/uploads/2011/3/20/saupload_z_unemployment1_3_18_11.png

Weekly Economic Release Scorecard:
Item	Headline	Analysis
February Leading Economic Indicator	Up	Not Indicating real economy dynamics
March Philly Fed Survey	Up	New Orders at record levels
February Industrial Production	Down	In this case down is up – manufacturing improved
February Consumer Price Index	Up 2.1%	Energy & food driving forces
February Producer Price Index	Up 5.6%	Again driven by food and energy
February New Housing Permits	Down	The data is bad and the trend remains down
February Sea Container Counts	Up	Although up, data is much less good in February
February Import/Export Prices	Up	USA is exporting inflation
January Home Prices	Down	CoreLogic says prices fell 5.7%
March Empire State Survey	Up	Everyone's eyes are on Japan
Exchange Rate Appreciations		Currency appreciations can cure global imbalances
Global Crisis		What we think are important relate to energy
January JOLTS		Shows why January Jobs Report was so bad
Oil Prices		How Libyan unrest will play out in energy prices
Dividend Paying Stocks		How dividends stabilize portfolio returns
Market Volatility		Jeff Miller questions if it Is time to head to the door?
U.S. Equities		Eric McCurdy says market broke support levels
India		Ajay Shay suggests how to break bad governance
MERS Crisis		William Black points out unintended consequences of mortgage industry actions
U.S. Dollar		Michael Pettis discusses the future of the world reserve currency
Economic Theory		L Randall Wray discusses reasons economics has gone astray

...'

10 U.S. Companies With A Heavy Reliance On Japanese Sales

Dangerous and Fluid Times, Hostile Market Environment Nyaradi The news flow this week certainly reminded me of the old colloquialism, “raining cats and dogs,” as startling headlines bombarded us from all quadrants of the world.

At Wall Street Sector Selector, we remain in a defensive posture, expecting lower prices ahead.

On My Radar

The Point and Figure Chart displays the technical damage done this week as a “sell” signal was generated and now the bearish price objective is 1160. Support is found at 1250 and again at 1220 while the long term uptrend remains intact. Overhead resistance is now at the 1300-1320 level. Click to enlarge: http://static.seekingalpha.com/uploads/2011/3/20/saupload CHART_spxpf031911.png

chart courtesy of stockcharts

So it appears that we are clearly in a short term “correction” within a still ongoing uptrend.

Depending upon your outlook, this could be a good opportunity to “buy the dip” or there is further downside potential to at least 1220 or beyond to the 1160-1180 level.

My view is that there is currently more risk than reward in the market.

The View From 35,000 Feet

It was another week of almost unbelievable news as events unfolded in Japan, Libya and Yemen which all created intense volatility in global equity and currency markets.

Japan was at the top of the news, of course, and while the situation surrounding the nuclear accident seems to be stabilizing over the weekend, there appears to be a long way to go before victory can be claimed in what is being called the worst nuclear accident since Chernobyl.

The death toll exceeds 7,000 with more than 10,000 still missing, and the economic toll is likely to be huge, as well, as we are bound to see supply chain disruptions and delays and the very likely possibility of a return to recession in the world’s 3rd largest economy.

The extent of the nuclear accident remains unknown and it’s likely that the winds will be carrying radiation to Tokyo by the end of the weekend which could generate a whole new series of economic and human misery and danger.

In Libya, Gaddafi declared a cease fire after the U.N. threatened imminent military action, but then apparently continued his invasion of the rebel stronghold in Benghazi. Clearly this is a fluid and rapidly changing situation, but what is certain is that Libyan oil production is dropping as foreign companies have pulled out their employees and major oil facilities have sustained major damage.

Bloomberg reported that production has declined to 400,000 bbl/day and “could reach a halt.” Bloomberg

A protest in Yemen on Friday resulted in more than 40 deaths and reportedly thousands of injuries and a state of emergency is now in effect in the country where 20% of the population lives on $2/day.

China raised their bank reserve requirements for the 3rd time this year while at home, the Federal Reserve said that growth is on “firmer footing,” and that employment is “improving gradually.”

Economic reports were largely mixed this week with positive news coming from March Empire Manufacturing Index, the NAHB Housing Index, initial and continuing unemployment claims, and the Philly Fed. On the negative side of the ledger, Housing Starts, Building Permits and Industrial Production all disappointed in February.

What It All Means

The times, of course, remain dangerous and fluid and we can expect more volatility ahead depending upon how future weeks’ news flow unfolds and if the “cats and dogs” deluge continues.

Technically, major damage was inflicted on markets this week and so a resumption of the recent rally will be a challenge for the bulls in what can only be described as a hostile environment. Finally, the rapidly approaching conclusion of “QE2” in June also casts more uncertainty on an already uncertain environment.

The Week Ahead

It’s a relatively quiet week of economic reports which probably a good thing given the drama unfolding around the world.

Monday: February Existing Home Sales

Wednesday: February New Home Sales

Thursday: Initial Unemployment Claims, Continuing Unemployment Claims, February Durable Goods

Friday: Q4 GDP 3rd Estimate, March Michigan Sentiment

Sector Spotlight

Winners: (NYSEArca: ICLN) Global Clean Energy, (NYSEArca: TLT) 20 Year Bond

Losers: (NYSEArca: FEFN) Far East Index, (NYSEArca: NUCL) Nuclear Eenrgy Index

Wishing you a great weekend wherever you may be...'

Congressional Budget Office Projects $9.5 Trillion In Deficits By 2021, $2.3 Trillion More Than Obama’s Estimate Today the Congressional Budget Office slammed the president’s unrealistic budget presented recently, concluding that the cumulative deficit over the decade between 2011-2021 would be $9.5 trillion, or $2.3 trillion higher than that estimated by the White House.

US Cost of Living Hits Record, Passing Pre-Crisis High One would think that after the worst financial crisis since the Great Depression, Americans could at least catch a break for a while with deflationary forces keeping the cost of living relatively low. That’s not the case.

Oil prices soar as UN approves no-fly zone in Libya Crude oil prices rose in Asian trade on Friday, after the United Nations (UN) approved the imposition of a no-fly zone over Libya, raising fresh fears over oil exports from the country.

Obama Budget to Produce $9.5 Trillion Deficit: CBO CNBC | Obama’s February budget submission is enacted into law it would produce deficits totaling $9.5 trillion over 10 years.

NY Fed intervenes in Yen currency trade Nikkei | The NY Fed bank is confirming its first currency intervention for a decade.

Our Enemy, the Fed by Ron Paul Ron Paul | There is perhaps no topic as important to the average American today as rising prices.

Libya Oil Chief Says Crude Production ‘Could Reach a Halt’ Due to Conflict Libya’s oil production fell to less than 400,000 barrels a day after foreign companies pulled out their staff, the chairman of the country’s state-run National Oil Corp., Shokri Ghanem, said in a televised media conference from Tripoli.

National / World

Russia “Regrets Armed Action” Killing 48 in Libya Kurt Nimmo | So-called coalition bombs Gaddafi’s Bab Azizia residence with human shields. In a statement issued today, Russian Foreign Ministry spokesman Alexander Lukashevich said 48 civilians were reported to have been killed and 150 wounded in air strikes on Libya. Lukashevich called on Britain, France and the United States Sunday to stop air strikes on non-military targets. 48 civilains reported killed, 150 wounded in the attacks.

Western Air Strikes Kill 64 in Libya — Health Official Sixty-four people have been killed and 150 others wounded in the air strikes launched by western forces since Saturday, Libya’s health officials said on Sunday.

Roscoe Savages Obama: No Congressional Approval For Attack On Libya “The United States does not have a King’s army. President Obama’s unilateral choice to use U.S. military force in Libya is an affront to our Constitution.”

UN Powers Violate Their Own Resolution By Targeting Gaddafi As the contrived moral high ground behind the absurdly hypocritical “humanitarian” pretext of the attack on Libya collapses in the wake of Russia, the Arab League and the African Union condemning the US-led NATO bombings, so does any pretense of legality that the “no fly zone” resolution holds, because the obvious attempt to assassinate Gaddafi violates not only U.S. law, but the UN’s own charter.

Fukusima Radiation Levels Being Covered Up Radiation levels observed in food and milk grown and produced significant distances from the stricken nuclear power plant in Fukushima do not correlate with readings supposedly found in the immediate vicinity, suggesting that the real levels are being withheld from the public

US Army ‘kill team’ in Afghanistan posed for photos of murdered civilians Commanders in Afghanistan are bracing themselves for possible riots and public fury triggered by the publication of “trophy” photographs of US soldiers posing with the dead bodies of defenceless Afghan civilians they killed.

Libya denies report of Gaddafi son’s death Media outlets affiliated with the Libyan opposition reported Monday that the son of Muammar Gaddafi, Khamis Gaddafi, was killed in a suicide attack on the Bab al-Azizia barracks in Tripoli.

West in “medieval crusade” on Gaddafi, Putin says Russian Prime Minister Vladimir Putin said on Monday a U.N. resolution authorizing military action in Libya resembled “medieval calls for crusades” after Western forces launched a second wave of air strikes.

China intensifies condemnation of Libya air strikes The Middle East is an important source of oil for China. On the weekend, Saudi Arabia’s Aramco announced its latest proposal to supply crude to a refinery in the southwest of China, where Beijing is building an oil pipeline that slices through Myanmar.

Neo-Cons Applaud Obama’s War, Call For Occupation Of Libya While applauding Barack Obama’s involvement of U.S. forces in air strikes, influential neo-con Bill Kristol told Fox News that America should go further than merely bombarding Libya and send in ground troops as “peacekeepers,” embroiling the bankrupt United States in yet another foreign occupation while enabling Muslim extremists fighting Gaddafi to rise to power.

Bilderberg To Meet In Switzerland James P. Tucker Jr. | Bilderberg will be gathering in St. Moritz, southeastern Switzerland, June 9-12.

Obama’s Bay of Pigs in Libya: Imperialist Aggression Shreds UN Charter Webster Tarpley | Webster Tarpley’s newest article on the state of affairs in Libya.

Let’s Send Ann Coulter to Fukushima Kurt Nimmo | Faux conservative argued exposure to radiation reduces cancer.

UN Powers Violate Their Own Resolution By Targeting Gaddafi Paul Joseph Watson | Attack on Libya is illegal under both U.S. law and UN charter.

Gaddafi Calls For Immediate Cease Fire; Arab League Splits From West Over Libya Bombing The new world order has just lost its contrived “moral high ground” for the bombardment of Libya under fake “humanitarian” auspices. This clearly indicates that the civilian deaths claimed by Gaddafi did in fact take place as a result of the air strikes.

Libyan TV parades “civilian casualties” of allied raids Libyan state television has broadcast pictures of what it says are civilian victims of the allied bombing.

Libya: Another War, Another Pack of Lies The corporate-financiers are dangerously flirting with their entire official narrative collapsing, as their progressive, Peace-Prize wearing puppet President Obama and the “radical reformer” David Cameron lead yet another war based on an Iraq-style pack of lies.

Nations bombing Libya are ‘terrorists,’ Gadhafi says CNN | ibyan ruler Moammar Gadhafi called the allied nations bombing his country “terrorists” Sunday.

U.S. Government Backs Libyan Al-Qaeda While Hyping Terror Attacks Inside U.S. Paul Joseph Watson | Obama administration fearmongers about Libyan-backed terrorists carrying out reprisal attacks in America.

Here Are The Downstream Effects From The Fukushima Catastrophe Zero Hedge | As the world awakes, Japan discloses another round of good news/bad news about the Fukushima crisis.

WWIII: One Nation at a Time

King Hypocrite Obama: There Will be Blood in Libya Kurt Nimmo | Soon after assuming office, Barry Obama put “yes we can” to work killing Pakistani children.

Another Obama War Lew Rockwell | For weeks, American officials have been decrying Gaddafi’s bloody attacks on his people, but does the US really have a problem with dictatorship of his sort?

Mainstream media halts accurate reporting on Japan’s worsening nuclear catastrophe; disinfo campaign now underway Mike Adams | The mainstream media today halted nearly all accurate reporting of the worsening situation in Japan.

5 Theories Why We’re Experiencing Increased Earthquake Activity Infowars | Here are five theories as to the cause of increased earthquake activity.

More War Propaganda? Downed Plane Presented As Evidence Gaddafi Is Not Observing Ceasefire Steve Watson | Gaddafi is not observing a ceasefire, paving the way for Western military action against Libya.

Chossudovsky: Libya no-fly zone means war RT | Michel Chossudovsky says western nations are interested in Libyan oil and other resources.

The Great Anglo-American Gaddafi Deception Ron Holland | The fiat US dollar only survives as the world’s reserve currency because the majority of the oil producers demand payment in dollars.

King Hypocrite Obama: There Will be Blood in Libya On Friday, the teleprompter reader in chief and NCAA basketball picker Obama bellied up to the podium in the East Room of the White House and read his script. He said Libyan thug Moammar Gadhafi has to stop attacking civilians or face military retaliation.

U.S. Tomahawk Cruise Missiles Hit Targets in Libya; State Media Claims Civilian Casualties WESTERN warplanes had bombed civilian targets in Libya’s capital today, causing casualties, state media said. “Civilian targets are being bombed by the ‘Crusader’ enemy fighter planes in Tripoli,” Libyan state television said.

More War Propaganda? Downed Plane Presented As Evidence Gaddafi Is Not Observing Ceasefire A crashed Libyan jet is cited by the media as proof there is no ceasefire, paving the way for Western military action. But there are a few questions that need to answered here.

Rebels shoot down fighter jet as Gaddafi’s forces ‘break ceasefire and tanks roll into Benghazi’ Colonel Gaddafi’s proclaimed ceasefire was in tatters this morning after a fighter jet was shot down in flames by rebels over Benghazi.

Chossudovsky: Libya no-fly zone means war The UN Security Council adopted a resolution establishing a no-fly zone over Libya. Michel Chossudovsky, director of Centre for Research on Globalization, says western nations are interested in Libyan oil and other resources, not protecting the people and that is why they care more about the fight in Libya, than elsewhere in the Arab world.

World War III: One Nation at a Time The globalists are infiltrating, corrupting, and turning the entire planet, one nation at a time in a combined scientific-geopolitical dictatorship that will be effectively impossible to reverse once it is completed.

You Can View Official EPA Radiation Readings Update: The EPA’s servers have either been crashed by too much traffic generated by this post, or the EPA has taken down the radiation data. Check back later to see if the EPA’s servers are working.

Overseas official trips amidst crises (Washington Post) [ It’s really quite incredible indeed. It was the espn basketball brackets that got me … so stereotypical … I mean what are they thinking, or not. Riiiight! Not! Well, gates is gone and as a cia man, what he says means absolutely nothing … they kind of pride themselves on that … On the receiving end you gotta think they’re already checking air force one’s return trip schedule hoping to ‘hold out’ and escape potential invasion themselves … After all, what nation in the world can or does trust desperate, meaningfully lawless, pervasively corrupt, defacto bankrupt america … oh yeah, maybe fellow war crimes nation israel and orwellian, me-too old-biddy britain. ] As war clouds gathered over Libya on Friday, the U.S. commander in chief and his defense secretary were each preparing to leave Washington to visit places far removed from any military operations.

Gaddafi’s forces enter Benghazi as U.S., allies plan military action (Washington Post) [ Ron Paul: Libya Airstrikes Unconstitutional – Only Congress Can Declare War Infowars / Libya, Hypocrisy and Betrayal by the United Nations: US-NATO’s New War in North Africa of Death and Destruction The bombing of Libya will begin on or nearly to the day, of the eighth anniversary of the beginning of the destruction of Iraq, 19th March, in Europe. A People Betrayed: West Launches New War for Oil in Libya And so now, another war. Led by the United States and the religious extremists in Saudi Arabia, the UN Security Council voted to intervene on behalf of one side in the Libyan civil war. Having already armed and trained Moamar Gadafy’s armies and security forces, the Western war-profiteers have now decided to do the same for his opponents. Another Illegal War Of Slaughter Couched In “Humanitarian” Doublespeak Those who were asking what the “international community” planned to do in response to the escalating global crisis surrounding the nuclear plant in Fukushima now have their answer – bomb Libya. As if the world wasn’t experiencing enough turmoil and devastation, another illegal war of aggression has been launched in a volatile region, couched in the retching Orwellian doublespeak of ‘no fly zones’ and ‘humanitarian’ rhetoric. ] Obama warns that Libyan leader faces imminent military action unless troops withdraw from disputed cities, but assaults on rebel-held towns continue.

Pressure on nuclear regulators heats up in U.S. (Washington Post) [ You can bet that g.e. will be feeling some heat … and the courts in Japan, unlike those in the pervasively corrupt u.s. where g.e. would probably have their way regardless of merits, will be very unsympathetic.] The Union of Concerned Scientists released a study citing 14 “near-misses” at domestic plants last year.

Senators call on Obama to join deficit reduction talks (Washington Post) [ I truly believe they have totally lost touch with reality (Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). Furthermore, I think they substantially underestimate the ‘geese and gander’ effect (ie., Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’). Fears over Japan impact grow (Washington Post) [ As indeed they must, in keeping with some semblance of reality. ] Some analysts predict the tragedy could dramatically disrupt the fragile global economic recovery. [ You can bet that some bets already placed regarding Japan’s prospective action in the markets; ie., buying or rolling over government securities of such as the u.s., particularly, now fall under that foreboding platitude, ‘all bets are off’. This is an economically / financially staggering event and found the stock market rise of the last two days incomprehensible until I realized as set forth immediately hereafter: I was somewhat nonplussed by the suckers’ market bounce these past two days, and then, ‘Eureka!’ … there it was, staring down for all to see … a blazing full moon. Yes, they have such affects on lunatics as on wall street and it certainly doesn’t take much to push the frauds on wall street over the edge and into their predisposed fraudulent madness. In fact, you could say, ‘it’s in their genes’. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone and today’s short-covering / suckers’ rally provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! ] The act is a powerful sign of bipartisan willingness to abandon long-held positions on entitlement spending and taxes.

Fears over Japan impact grow (Washington Post) [ As indeed they must, in keeping with some semblance of reality. ] Some analysts predict the tragedy could dramatically disrupt the fragile global economic recovery. [ You can bet that some bets already placed regarding Japan’s prospective action in the markets; ie., buying or rolling over government securities of such as the u.s., particularly, now fall under that foreboding platitude, ‘all bets are off’. This is an economically / financially staggering event and found the stock market rise of the last two days incomprehensible until I realized as set forth immediately hereafter:

I was somewhat nonplussed by the suckers’ market bounce these past two days, and then, ‘Eureka!’ … there it was, staring down for all to see … a blazing full moon. Yes, they have such affects on lunatics as on wall street and it certainly doesn’t take much to push the frauds on wall street over the edge and into their predisposed fraudulent madness. In fact, you could say, ‘it’s in their genes’. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone and today’s short-covering / suckers’ rally provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’ BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows

Global Meltdown? [ Looks like … feels like … seems like … Yes, it is! A global meltdown! ] Nyaradi ‘Global meltdown.Scary words, indeed. However, as we look around our world, it certainly does appear that a global meltdown is in progress.At Wall Street Sector Selector, we are nearly fully positioned on the “short” side of global markets and so were fortunate to have had a pleasant day, unlike so many investors and citizens of our small world. I sincerely hope and pray that many pleasant days lie ahead for the people of Japan, Bahrain and Libya.Of course, the big news is in Japan, where the struggle to contain the potential of nuclear meltdown goes on after the tsunami and earthquake. I can’t add much to this discussion other than to say that from a human standpoint, we need to do what we can to help our allies in their time of need.I travel often to Japan and this is a modern Western country now without power and water and basic essentials for many days, and to fully understand this unthinkable tragedy, just try to imagine a 30 foot wall of water coming through your neighborhood, entire neighborhoods and towns disappearing, followed by the threat of nuclear catastrophe and no water and power for days on end during these cold early spring nights.Aside from the human catastrophe, the economic toll of this event will be felt for years. Some analysts estimate that Japan will have to import an additional 200,000 barrels of oil per day to make up for the lost output of the damaged nuclear plants, while insurance and GDP losses are only guestimates at this early hour but will be surely significant.Across the globe, unrest continues in the Middle East as Bahrain is under martial law, the Libyan government continues to quell the revolution (while the United Nations dithers) and Portugal’s credit rating is downgraded and totters again on the edge of financial collapse. At home, Congress continues putting band aids on our national budget deficit while home sales plunge to new lows…’

Gadhafi Does a Head Fake: Dave's Daily ‘He declared an immediate cease fire to perhaps buy some time; however, he didn't stop his troops advance. The rebels also didn't stop fighting back correctly believing he was lying. It's unclear if his forces can retake important Benghazi before multinational forces enforce the "no fly zone." The UN vote was interesting with all BRIC countries plus Germany abstaining. Russia and China don't want to be on the world team and have their own agendas of global domination. The rest are a harder read. Markets were higher early on the belief Libya fighting would subside, Japan's reactor issues would be resolved and hopeful signs from GE (later a bust), CSCO and bank dividend schemes. However, as the news developed, Libya proved it wasn't about to stop its aggression and the Japan reactor issues remained heightened causing markets to decline into the close. There wasn't any economic data to speak of although the government noted (admitted?) the unemployment was higher in most of 372 markets in January throwing doubt on previous claims of lower data. The Fed is also continuing its POMO actions although Friday's buying was low. Bonds were somewhat weaker, Uncle Buck is homing in on all-time lows, commodities overall were higher as were precious metals. In the end nothing much mattered given quad-witching antics which have little to do with the news or much else--it's just a spectator sport. Volume remains elevated especially with quad-witching on Friday. Breadth per the WSJ was positive relieving much short-term oversold conditions…’

Why To Distrust The Snap-Back Rally Harding ‘Thankfully the news out of Japan regarding the potential for nuclear meltdowns has subsided, and global stock markets have rallied for two days in relief. Many on Wall Street are claiming the correction in global stock markets is therefore over, and it’s a buying opportunity.

Let’s think this through and not react too quickly. The human toll and economic damage in Japan was from the earthquake, not the subsequent potential problems with nuclear plants.

Let’s consider first what was going on prior to the catastrophe.

Global markets were in quite significant corrections. For instance Brazil, China, India, and Hong Kong, topped out in November and were down 12% to 17% prior to the earthquake. Markets in Europe and the U.S. peaked in mid-February and were down 3% to 4%.

So an important question is whether the factors that had global markets already topped out prior to the earthquake have gone away. Unfortunately, the answer is that they remain in place, and if anything have worsened, and the aftermath of the disaster in Japan will likely add to them.

Those continuing problems are:

Rising global inflation.
Increasingly aggressive monetary tightening by important countries like Brazil, China, India, Hong Kong, and smaller emerging markets, in efforts to tackle the rising inflation, moves likely to also slow their economic growth.
Uncertainties created by political uprisings in oil-producing countries.
The on-going European debt crisis.
Austerity programs in European countries aimed at tackling the debt crisis, including cuts in government spending and jobs.
The coming cutbacks in U.S. federal, state, and local government spending to tackle their record budget deficits.
The approaching end of the Fed’s QE2 pump-priming program.

Now added to those problems is the massive natural disaster in the world’s third largest economy, Japan, a very important part of the global manufacturing and high-tech supply chain. It has come at the worst time for the struggling Japanese economy. The damage has already forced the closing of factories by Nissan, Toyota, and Sony, as well as several oil refineries, while large agricultural areas were wiped out, which can only add to concerns about rising food prices. Japan’s problems will affect other global economies.

Optimists are pointing to reconstruction as being a positive for Japan’s economy, noting that six months after the Kobe earthquake in Japan in 1995 almost all of Kobe’s factories and infrastructure had been rebuilt. They are leaving out that Japan’s stock market declined for six months after the smaller Kobe earthquake and during the re-building stage, losing 32% of its value. At the present time, the Japanese market is down only 15%.

Meanwhile, European central banks have now acknowledged inflation concerns, and the UK says it could begin raising interest rates as soon as its April meeting.

The uprisings in oil-producing countries have not gone away, and indeed have become more violent. In Libya, Dictator Muammar Gaddafi launched military operations this week to crush demonstrators, and the U.N. authorized military attacks against Gaddafi forces to assist the demonstrators. The previously peaceful uprising in Bahrain became violent after Bahrain’s royal family called in military forces from Saudi Arabia to help it put down the revolt.

The uprisings in Egypt, Tunisia, Libya, Bahrain, and Yemen, and unrest in Syria, Iran, and Saudi Arabia, reportedly even have leaders in Russia, Cuba, and China nervous.

In the European debt crisis, Portugal’s credit rating was downgraded further this week, and its Prime Minister said he will quit if Portugal’s parliament does not consent to his proposed austerity measures.

And on it goes. The previous problems that had global stock markets topped out on fears of rising inflation and concerns about the sustainability of the fragile global economic recovery, have not gone away, and if anything worsened while attention was diverted by the disaster in Japan.

On the technical analysis side, the additional five-day market plunge following the disaster in Japan had markets short-term oversold, and likely to see a short-term rally off the oversold condition, but it’s questionable whether a bottom is in yet, particularly in the U.S.

At their peaks, global stock markets, including that of the U.S., were extremely overbought above their long-term 200-day moving averages, to a degree that almost always results in a decline at least down to retest the support at that moving average. In their corrections, some of which began in November, others in mid-February, markets in Asia and Europe did decline to that moving average. In several cases the support did not hold and they broke below it.

But the U.S. market so far has pulled back only 6%, leaving it still 7% above its 200-day m.a.

Additionally, investor sentiment in the U.S. does not indicate a bottom. This week’s poll of its members by the American Association of Individual Investors (AAII) shows bearishness has increased to 40.1%, but that is still well below the 55% to 65% bearishness usually seen prior to market lows.

So for now anyway, I still like the safe haven of treasury bonds, which I wrote up in my column last weekend. The iShares 20-yr bond etf, symbol TLT, has gained more than 5% in the five weeks since its early February low. And I still like gold bullion and the SPDR Gold etf, symbol GLD. Gold is the long-time hedge against rising inflation. I even like the idea of some downside positions against the U.S. market, and I’m looking at some toppy looking stocks that might be short-sale candidates.’

Stocks Achieve Back-to-Back Gains, But Nasdaq's 2.7% Drop Leads Weekly Declines Midnight Trader ‘4:13 PM, Mar 18, 2011 --

NYSE up 51.16 (+0.6%) to 8,116.02
DJIA up 83.93 (+0.7%) to 11,859
S&P 500 up 5.48 (+0.43%) to 1,279
Nasdaq up 7.62 (+0.3%) to 2,644

GLOBAL SENTIMENT

Hang Seng up 0.07%
Nikkei up 2.72%
FTSE up 0.64%

Housing Starts and the New Bear Market [ Actually, this has been a manipulated bull (s***) cycle in a (continuing) secular bear market. ] Suttmeier ‘Housing Starts and Building Permits disappoint. Part of my bear market theme is that Federal Reserve policy has failed to help cure the original catalyst that began the bear market of October 2007 to March 2009. Homebuilder stocks peaked in mid-2005, community banks peaked at the end of 2006, and regional banks including those considered "too big to fail" topped out in March 2007. Housing remains depressed, and community banks continue to fail on "Bank Failure Friday!" You would think that the zero to 0.25% federal funds rate in effect since December 16, 2008 would have helped, but it has not. You would think that QE2, which comes to an end on June 30 would have helped, but it has not. Meanwhile the FOMC ignores the rising cost of living on Main Street USA. Ben Bernanke needs to be replaced as Fed Chairman!

Wednesday morning we learned that housing starts and building permits for new home construction posted unexpected declines. Housing Starts plunged 22.5% from January to a seasonally adjusted 479,000 units, the second slowest pace on record. Building Permits fell 8.2% to a record low pace of 517,000. How come the zero percent money from the Fed and QE2 cannot get to the cause of "The Great Credit Crunch," which continues since March 2007?

The New Bear Market – Most of my readers know that I was bearish beginning in March 2007 led by housing and financials. The broader market continued to rally into October 2007. With the Dow above 14,000 I predicted that the next 2000 Dow points would be down, not up. I became a bull on March 5, 2009 for a 40% to 50% bear market rally. Sure I missed some of the rally in 2010, but in September called for Dow 11,235 by election day on the prospect of a Republican victory, and re-iterated that call in early-October in anticipation of QE2. My call for 2011 is that strength would fail below 12,600, and I predicted the top on February 18 at 12,391.29 for both fundamental and technical reasons. We had a ValuEngine Valuation Warning with 68.6% of all stocks overvalued. Today only 49.6% of stocks are overvalued. Today 11 of 16 sectors are overvalued, but just one by double digits. The Dow Industrial Average was extremely overbought on its weekly chart. A close on Friday below 11,856 will pull momentum (12x3x3 weekly slow stochastic) below 8.0, which to me is the confirmation of a cycle high. On February 18 this reading was 9.5. My first downside objective is my annual risky level at 11,491. Given a close in March below 11,491 the downside is to semiannual value levels at 10,959 and 9,449.

10-Year Note – (3.210) This yield declined to 3.139 on a continued flight to quality on Wednesday closing in on the 200-day simple moving average which lines up with my monthly risky level at 3.015 and 3.002. Today’s pivot is 3.264 with weekly value level at 3.634.

Comex Gold – ($1396.7) The 50-day simple moving average is $1379.6 with my annual value level at $1356.5, and my weekly pivot at $1404.1, which was tested on Wednesday. Monthly and quarterly pivots are $1437.7 and $1441.7 with my semiannual risky level is at $1452.6.

Nymex Crude Oil – ($98.28) Held my monthly value level at $96.43 on Wednesday and stayed below my annual pivots at $99.91 and $101.92. My daily pivot is $98.23 with semiannual and quarterly risky levels at $107.14 and $110.87.

The Euro – (1.3890) It appears that my weekly risky level at 1.4089 is a barrier. My quarterly value level is 1.3227 with a daily pivot at 1.3846, and weekly, semiannual and monthly risky levels at 1.4089, 1.4624 and 1.4637.

All daily charts for the major equity averages are negative – The Dow is below 50-day simple moving average at 12,011 with declining daily momentum (12x3x3 daily slow stochastic). There are no oversold measures as yet. Wednesday’s low was 11,555.48…’ Housing Starts Point to Weakening Housing Market Suttmeier ‘Housing Starts, Building Permits Disappoint -- Part of my bear market theme is that Federal Reserve policy has failed to help cure the original catalyst that began the bear market of October 2007 to March 2009. Home builder stocks peaked in mid-2005, community banks peaked at the end of 2006, and regional banks including those considered “too big to fail” topped out in March 2007. Housing remains depressed, and community banks continue to fail on Bank Failure Friday! You would think that the zero to 0.25% federal funds rate in effect since December 16, 2008 would have helped, but it has not. You would think that QE2, which comes to an end on June 30, would have helped, but it has not. Meanwhile the FOMC ignores the rising cost of living on Main Street, USA. Ben Bernanke needs to be replaced as Fed Chairman!

Wednesday morning we learned that housing starts and building permits for new home construction posted unexpected declines. Housing starts plunged 22.5% from January to a seasonally adjusted 479,000 units, the second slowest pace on record. Building permits fell 8.2% to a record low pace of 517,000. How come the zero percent money from the Fed and QE2 cannot get to the cause of “The Great Credit Crunch," which continues since March 2007?

The New Bear Market -- Most of my readers know that I was bearish beginning in March 2007 led by housing and financials. The broader market continued to rally into October 2007. With the Dow above 14,000 I predicted that the next 2000 Dow points would be down, not up. I became a bull on March 5, 2009 for a 40% to 50% bear market rally. Sure I missed some of the rally in 2010, but in September called for Dow 11,235 by Election Day on the prospect of a Republican victory, and reiterated that call in early October in anticipation of QE2. My call for 2011 is that strength would fail below 12,600, and I predicted the top on February 18 at 12,391.29 for both fundamental and technical reasons. We had a ValuEngine Valuation Warning with 68.6% of all stocks overvalued. Today only 49.6% of stocks are overvalued. Today 11 of 16 sectors are overvalued, but just one by double digits. The Dow Industrial Average was extremely overbought on its weekly chart. A close on Friday below 11,856 will pull momentum (12x3x3 weekly slow stochastic) below 8.0, which to me is the confirmation of a cycle high. On February 18 this reading was 9.5. My first downside objective is my annual risky level at 11,491. Given a close in March below 11,491 the downside is to semiannual value levels at 10,959 and 9,449.

10-Year Note -- (3.210) This yield declined to 3.139 on a continued flight to quality on Wednesday closing in on the 200-day simple moving average which lines up with my monthly risky level at 3.015 and 3.002. Today’s pivot is 3.264 with weekly value level at 3.634.[chart]

Comex Gold -- ($1396.7) The 50-day simple moving average is $1379.6 with my annual value level at $1356.5, and my weekly pivot at $1404.1, which was tested on Wednesday. Monthly and quarterly pivots are $1437.7 and $1441.7 with my semiannual risky level is at $1452.6. [chart]

Nymex Crude Oil -- ($98.28) Held my monthly value level at $96.43 on Wednesday and stayed below my annual pivots at $99.91 and $101.92. My daily pivot is $98.23 with semiannual and quarterly risky levels at $107.14 and $110.87.[chart]

The Euro -- (1.3890) It appears that my weekly risky level at 1.4089 is a barrier. My quarterly value level is 1.3227 with a daily pivot at 1.3846, and weekly, semiannual and monthly risky levels at 1.4089, 1.4624 and 1.4637.[chart]

All daily charts for the major equity averages are negative -- The Dow is below 50-day simple moving average at 12,011 with declining daily momentum (12x3x3 daily slow stochastic). There are no oversold measures as yet. Wednesday’s low was 11,555.48.[chart]

Key Levels for the Major Equity Averages

The Dow Industrial Average (11,613) -- My annual value level is 11,491 with a daily pivot at 11,746, and weekly and monthly risky levels at 12,400 and 12,741.
The S&P 500 (1256.9) -- My annual value level is 1210.7 with my quarterly pivot at 1262.5, my daily pivot at 1266.3, and weekly and monthly risky levels at 1327.3 and 1381.3. A weekly close below 1284 shifts the weekly chart profile to negative.
The NASDAQ (2617) -- My daily pivot is 2611 with weekly, quarterly and monthly risky levels at 2753, 2853 and 2926. Semiannual and annual value levels are 2363, 2335 and 2172.
The NASDAQ 100 (NDX) (2203) -- My daily pivot is 2201.8 with weekly, quarterly, and monthly risky levels at 2333, 2438 and 2499. Semiannual value levels are 2006.8 and 1927.6.
Dow Transports (4950) -- My quarterly value level is 4671 with a weekly pivot at 4995, and daily and annual pivots at 5051 and 5179.
The Russell 2000 (781.90) -- My quarterly value level is 765.50 with daily and annual pivots at 778.07 and 784.16, and a weekly pivot at 805.37, and monthly risky level at 850.79. Semiannual value levels are 631.62 and 567.74.
The Philadelphia Semiconductor Index (SOX) (412.44) -- My daily value level is 396.87 with weekly, monthly and quarterly risky levels at 447.74, 453.89 and 465.93. Semiannual and annual value levels are 296.89, 270.98 and 259.30. ‘

NY Fed intervenes in Yen currency trade Nikkei | The NY Fed bank is confirming its first currency intervention for a decade.

Our Enemy, the Fed by Ron Paul Ron Paul | There is perhaps no topic as important to the average American today as rising prices.

Michigan passes ‘financial martial law’ bill Politico | Michigan legislators have approved a bill authorizing state-appointed emergency financial managers to break union contracts.

US Cost of Living Hits Record, Passing Pre-Crisis High One would think that after the worst financial crisis since the Great Depression, Americans could at least catch a break for a while with deflationary forces keeping the cost of living relatively low. That’s not the case.

Oil prices soar as UN approves no-fly zone in Libya Crude oil prices rose in Asian trade on Friday, after the United Nations (UN) approved the imposition of a no-fly zone over Libya, raising fresh fears over oil exports from the country.

Debt Problem: Who In The World Is Going To Buy The Billions Of Dollars Of Debt The U.S. Government Is Constantly Pumping Out Now? Is the U.S. government on the verge of a massive debt problem? For years, the U.S. government has been able to borrow all the money that it has wanted to at extremely low interest rates.

G-7 Sells Yen in First Joint Intervention in More Than Decade The Group of Seven will jointly intervene in the foreign exchange market for the first time in more than a decade after Japan’s currency soared, threatening its recovery from the March 11 earthquake.

National / World

Massive Japanese Storm Headed for U.S. West Coast Infowars | A massive storm in the Pacific is headed directly for the U.S. and Canadian West Coast.

Infowars has some of the only Potassium Iodide in the U.S. [ Before you go freaking out, let me just say that if you’re that concerned, read the label of your multi-vitamin which probably contains more than sufficient quantities of potassium iodide; mine do (I use two Rite Aid multis – inexpensive multi and their more expensive male whole source with vitamins, minerals, herbs / no iron) ] Infowars | Infowars has taken action and secured some of the only remaining dose-ready potassium iodide (KI) in the country.

Nuclear plant boss breaks down crying, admits radiation levels deadly Mail Online | Officials said rating was raised after they realized the full extent of the radiation leaking from the plant.

When An ill Wind Blows From Afar! (Like from Japan, Iran or N. Korea) Shane Connor | Surviving radioactive fallout & radiation contamination from Japan, Iran or North Korea.

Reports Of “Harmless” Radiation Reaching California Are a Whitewash Paul Joseph Watson | Bulk of radioactive particles from Fukushima blasts will not reach west coast until Saturday to Monday.

Ron Paul: Libya Airstrikes Unconstitutional – Only Congress Can Declare War This is black letter law, not some aspirational statement by our Founders. Their intent was indisputably clear: Congress alone, not the Executive Branch, has the authority and the obligation to declare war if hostilities are to be initiated against a foreign state that has not attacked the United States.

Globalist Crimes Against Humanity Expanded Over Libya In an unsurprising move that was all but inevitable, the UN has decided to enforce a no-fly zone over Libya to save the globalist-backed rebellion sputtering in failure and bordering on a “Bay of Pigs” disaster. Canadian, US, French, Arab, and UK jets are already reported to be preparing for the operation.

MOX plutonium fuel used in Fukushima’s Unit 3 reactor two million times more deadly than enriched uranium Largely absent from most mainstream media reports on the Fukushima Daiichi nuclear disaster is the fact that a highly-dangerous “mixed-oxide” (MOX) fuel in present in six percent of the fuel rods at the plant’s Unit 3 reactor.

Obama tells Americans: Do NOT prepare for radioactive fallout, just listen to your government In a truly incredible example of the complete disregard for the health and safety of the American people, President Obama today told Americans that they should NOT prepare for radiation from the possible meltdown of the Fukushima nuclear power plant in Japan.

Nuclear Crisis in Japan Follows Decades of Faked Safety Reports, Accidents The unfolding disaster at the Fukushima nuclear plant follows decades of falsified safety reports, fatal accidents and underestimated earthquake risk in Japan’s atomic power industry.

Libya, Hypocrisy and Betrayal by the United Nations: US-NATO’s New War in North Africa of Death and Destruction The bombing of Libya will begin on or nearly to the day, of the eighth anniversary of the beginning of the destruction of Iraq, 19th March, in Europe.

A People Betrayed: West Launches New War for Oil in Libya And so now, another war. Led by the United States and the religious extremists in Saudi Arabia, the UN Security Council voted to intervene on behalf of one side in the Libyan civil war. Having already armed and trained Moamar Gadafy’s armies and security forces, the Western war-profiteers have now decided to do the same for his opponents.

Saving Money? Not In This Economy – 22 Facts That Prove Middle Class Families Are Being Savagely Crushed The 22 facts that you are about to read are all real, although admittedly they are hard to believe. The sad truth is that millions of middle class families in the United States today are being savagely crushed by this economy.

“Humanitarian Wars are Good for Business”…. Speculators Applaud A war directed against Libya would push the price of crude oil up to abysmally high levels, potentially triggering a global inflationary spiral, which would result in the impoverishment of large sectors of the World population.

Bloodbath in Yemen: No UN Action for the Peace Laureate’s Pal The regime in Yemen will not face military intervention by the UN to stop its slaughter of unarmed civilians. There will be, at most, a few stern words from the Obama Administration urging “restraint on both sides” — even as the Peace Laureate carries on his secret bombing campaigns and covert military operations in Yemen.

U.S. Arming Libyan Rebels Via Egypt If all goes well for the globalists, this servile proxy Arab conglomerate, after being marshaled to raid Libya on behalf of the West, will then be organized and ready to turn its attention east toward Iran at the behest of their globalist masters.

War Propaganda Begins: Media Reports Gaddafi is “Collecting Bodies” To Blame Deaths On UN Bombing Libyan government officials say they have declared a ceasefire. Libyan rebels say the ceasefire is a hoax. The Western military industrial establishment says it will send fighter jets anyway.

Nuclear plant chief weeps as Japanese finally admit that radiation leak is serious enough to kill people The boss of the company behind the devastated Japanese nuclear reactor today broke down in tears – as his country finally acknowledged the radiation spewing from the over-heating reactors and fuel rods was enough to kill some citizens.

Reports Of “Harmless” Radiation Reaching California Are a Whitewash Exactly as we predicted would happen, authorities have cited “miniscule” levels of radiation reaching California as an excuse with which to downplay the threat to Americans of fallout crossing the Pacific from Japan, completely ignoring the fact that the bulk of the radiation from the two blasts at the Fukushima power plant will not reach the west coast until Monday.

Globalists To Bomb Libya Despite Cease-Fire; US Deploys More Ships The United States will deploy additional amphibious ships to the Mediterranean, the military said on Friday, as part of the Obama administration’s plans for responding to ongoing violence in Libya.

Another Illegal War Of Slaughter Couched In “Humanitarian” Doublespeak Those who were asking what the “international community” planned to do in response to the escalating global crisis surrounding the nuclear plant in Fukushima now have their answer – bomb Libya. As if the world wasn’t experiencing enough turmoil and devastation, another illegal war of aggression has been launched in a volatile region, couched in the retching Orwellian doublespeak of ‘no fly zones’ and ‘humanitarian’ rhetoric.

Drudgereport: US SHIPS DEPLOY; LIBYA ACTION
FRENCH, BRIT JETS SET FLY OVER
Japan govt finally admits radiation leak serious enough to kill...
Drives back crews attempting to rein in reactor...
'Very Grave'; Winds Shift...
AP: 'Minuscule fallout' reaches USA...
REUTERS: 'Very low radiation' detected on west coast...
Rads Whitewash?
Storage pools big worry... HEAD FAKE: Libya Renews Attacks After Cease-Fire Offer...
BOMBS POWER STATION IN REBEL STRONGHOLD...
Claims 'No Bombardments' Since Cease-Fire...
US: Gaddafi still on the march... DOJ to white males who are bullying victims: Tough luck...

Cost of Living Hits Record...
Unemployment rises in nearly all metro areas...

Obama understates deficits by $2.3 trillion...

Top big-wave surfer killed in wipeout off California... REPORT: Pentagon Overpaid Billionaire Oilman By Up to $200 Million... Fmr. Dean of White House Press Corps Still Talking About 'the Jews'…[Come on! It’s true of course … quite amazingly since it’s been self-destructive and self-defeating for presidencies and the nation generally … look at the mideast policies, no-pros on the wall street frauds with those ‘goldman’ boys ‘sniffin’ around, etc. ]...

Helen Thomas to Playboy: Jews 'own the White House'

Helen Thomas is not sorry, nor were the comments that ended her career accidental.

“I knew exactly what I was doing – I was going for broke,” she told Playboy in the magazine’s April interview. “I had reached the point of no return. You finally get fed up … I finally wanted to speak the truth.”

Thomas, of course, left her perch as the dean of the White House press corps last year after telling a rabbi and blogger that Jews should “get the hell out of Palestine” and “go home” to “Poland, Germany and America and everywhere else.” Her family is Lebanese and she grew up in the Detroit area, home to one of the country’s densest populations of Arab Americans.

She spoke to Playboy at length about the situation in Palestine, her feelings on American support of Israel, and her take on Jews.

But her most controversial comments echoed ones she’s made before about the influence of Jews in American life, which have contributed to her name being stripped from journalism awards.

"[The Jews are] using their power, and they have power in every direction,” she told Playboy. “Power over the White House, power over Congress … Everybody is in the pocket of the Israeli lobbies, which are funded by wealthy supporters, including those from Hollywood. Same thing with the financial markets. There's total control … It isn't the 2 percent. It's real power when you own the White House, when you own these other places in terms of your political persuasion. Of course they have power. [To the interviewer] You don't deny that. You're Jewish, aren't you?"

She also had some controversial views about memorializing the Holocaust.

"There's nothing wrong with remembering it, but why do we have to constantly remember?" she said. "We're not at fault. I mean, if they're going to put a Holocaust museum in every city in Germany, that's fine with me. But we didn't do this to the Jews. Why do we have to keep paying the price and why do they keep oppressing the Palestinians? Do the Jews ever look at themselves? Why are they always right? Because they have been oppressed throughout history, I know. And they have this persecution. That's true, but they shouldn't use that to dominate."

New York Times to charge for access (Washington Post) [ They’re dreamin’. Who’d be dumb enough to pay for regurgitated, filtered news? ] Some users soon have to pay for Web and mobile access.

G-7 to intervene in currency markets (Washington Post) [ Well there you go … nothing to worry about … now that the G7 is intervening … riiiiight! After all, their track record has been surperlative in precipitating this global meltdown (see infra). ] Major industrialized nations will combine in a rare coordinated currency intervention to keep the Japanese yen from rising too sharply in value in the wake of the country’s recent natural disaster.

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone and today’s short-covering / suckers’ rally provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’ BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows

Nuclear emergency could last for weeks, U.S. official warns (Washington Post) [ I must say, and it brings me no joy to say it, but for those looking for some silver lining in all this as the ‘glass-half-full’ perma-bulls have been intimating as the markets rose; well, they’re just dreaming. Japan’s economy, though better than that of defacto bankrupt america’s, was already in the tank, particularly looking forward. Indeed, you could cut current level stock prices in half and still be over-valued inasmuch as this is far more serious in terms of prospective impacts than is being peddled by the pundits. Poor g.e. … like Lucy, they got a ‘lotta splainin’ to do. ] As Japan sprays stricken reactor with tons of water from helicopters and water cannons, the U.S. warns of a long crisis. | Rick Maese and Rob Stein, 9:47 p.m.

Fantasy? You should be on wall street! U.S. stocks rise (Washington Post) (on b s* alone)* [ This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone and today’s short-covering / suckers’ rally provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! Looking Like A Good Time To Sell Into Strength – Harding ] Investors speculate

U.N. approves ‘all necessary measures,’ including no-fly zone, to protect Libyans (Washington Post) [ The u.n. has spoken … just not to israel lately … Hamas says Israeli fighter jets bomb facility in Gaza, killing 2 Palestinians [ War crimes nation israel keeping america looking bad in the Mideast, when defacto bankrupt america can least afford it. ] Washington Post - GAZA CITY, Gaza Strip - Israeli fighter jets pummeled a Hamas security facility in the Gaza Strip on Wednesday, killing two Palestinian civilians / freedom fighters and wounding four, officials in the Palesinian coastal ... Two killed in Israeli air strike on Hamas compound in Gaza Jerusalem Post Palestinians: Three killed in Israel air strike on Gaza Ha'aretz ] The resolution, passed 10 to 0 with 5 abstentions, opens the door to air and naval attacks against the forces of leader Moammar Gaddafi as he vowed to level the city of Benghazi, the last major rebel stronghold.

Neo-Libs Rejoice As UN Declares War On Libya Neo-libs everywhere are rejoicing. Remember – war is evil unless it’s sprinkled with the magic pixie dust of UN endorsement and “humanitarian” rhetoric, in which case the dead bodies, the terror, and the screaming children are all worth it. The fact that Libya is the richest oil nation on the entire African continent is a mere coincidence. Go back to sleep – basketball is on the TV. Soon you’ll be able to crack open a 6 pack and enjoy the air strikes like you would a Dwyane Wade slam dunk.

VIDEO: EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good reason in Afghanistan, etc., I have been at a loss to understand why they are not blasting the skinnies out of the water, along with bombing the skinny-places of refuge! ]

Global Meltdown? [ Looks like … feels like … seems like … Yes, it is! A global meltdown! ] Nyaradi

Oversold Market Rally: Dave's Daily ‘It was time for a good oversold short squeeze and we got it today. Wednesday's large selloff took the McClellan Oscillator to sub -60 readings; the VIX nearly broached the fear level of 30; and, daily RSIs in some sectors also pushed below 30 meaning more oversold conditions. The initial stimulus for today's rally came from FedEx which actually reported results that missed, but gave a cautiously positive forecast. The stock rallied 5% on the news initially. Jobless Claims also fell just matching expectations; headline CPI was up .5% (I refuse to report the bogus "core" rate); Industrial Production was a large miss lower (-.1% vs. +.5%); Leading Indicators missed expectations (.8% vs 1% expected) but the Philly Fed knocked the cover off the ball with a reading of 43.4 vs 28 expected. Little noticed by bulls was the huge rise in prices that will surely be noted in the next PPI report. The Fed tossed-in another $7B in POMO to grease the trading desks and "wink-wink" they know what they're supposed to do with that cash. As to problems with Japan and MENA, bulls just put those aside for today. Also options expiration is at hand and can add significantly to volatility. And, what the hell, it is St. Patrick's Day after all! So let's put our worries aside and rally. Volume was still high but about 45% lower than Wednesday. Breadth was positive but moderately so…’

The Dow Industrial Average (11,613) -- My annual value level is 11,491 with a daily pivot at 11,746, and weekly and monthly risky levels at 12,400 and 12,741.
The S&P 500 (1256.9) -- My annual value level is 1210.7 with my quarterly pivot at 1262.5, my daily pivot at 1266.3, and weekly and monthly risky levels at 1327.3 and 1381.3. A weekly close below 1284 shifts the weekly chart profile to negative.
The NASDAQ (2617) -- My daily pivot is 2611 with weekly, quarterly and monthly risky levels at 2753, 2853 and 2926. Semiannual and annual value levels are 2363, 2335 and 2172.
The NASDAQ 100 (NDX) (2203) -- My daily pivot is 2201.8 with weekly, quarterly, and monthly risky levels at 2333, 2438 and 2499. Semiannual value levels are 2006.8 and 1927.6.
Dow Transports (4950) -- My quarterly value level is 4671 with a weekly pivot at 4995, and daily and annual pivots at 5051 and 5179.
The Russell 2000 (781.90) -- My quarterly value level is 765.50 with daily and annual pivots at 778.07 and 784.16, and a weekly pivot at 805.37, and monthly risky level at 850.79. Semiannual value levels are 631.62 and 567.74.
The Philadelphia Semiconductor Index (SOX) (412.44) -- My daily value level is 396.87 with weekly, monthly and quarterly risky levels at 447.74, 453.89 and 465.93. Semiannual and annual value levels are 296.89, 270.98 and 259.30. ‘

US says plant's spent fuel rods dry; Japan says no (AP) AP - Nuclear plant operators trying to avoid complete reactor meltdowns said Thursday that they were close to completing a new power line that might end Japan's crisis, but several ominous signs have also emerged: a surge in radiation levels, unexplained white smoke and spent fuel rods that U.S. officials said could be on the verge of spewing radioactive material. Lessons from the long tail of improbable disaster (Washington Post) [ No! I disagree with the implication of the article! Modern life advantages? What, new fangled frauds? That was the bottomline to the real estate debacle; that is, the ‘pretend’ was creating an ongoing plethora of profits derived from literally worthless paper. If not for financial incentive (from fraud), and certainty of prosecution for the fraud (to date such has not occurred), this still extant debacle in the trillions would not have occurred. Moreover, and this is not 20/20 hindsight, I had no idea of the prevalence of earthquakes in Japan (but was aware of their nuclear energy commitment) and clearly, conscious decisions for the sake of extra profits were made regardless of risk. Some (ie., earthquake-prone) nations just have to suck it up and make do without nuclear (and pay more for fossil fuels, etc., which would affect margins). The BP disaster was the consequence of a known flaw, even warned against by personnel close to the debacle (the solution possibly affecting executive bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? … well, who’d want to live there anyway outside of the Mardi Gras celebration…just kidding. All the attention in the world does not change the ‘facts of life’. No, not those facts of life, but reality. ] The lesson of disasters such as the one in Japan is that more attention must be paid to extra risks that come with all the advantages of modern life

[video] Analyst Sees Fibonacci Retracement

[video] Market Rallies on Oil [ Yeah … riiiiight … that’s bullish … keep the inflation comin’ … talk about inmates running the asylum! ]

Market in a Slow-Burn Mode and Starting to Wilt the Inflation Trader ‘…and now, I’m supposed to be a nuclear engineer? Financial engineering is in some ways similar to nuclear engineering, which is one reason we use terms in finance like “nuclear waste” to mean a particularly toxic tranche of a deal that no one wants to have, or refer to a particular credit as being “radioactive.” The credit crisis has also been called a “financial meltdown.” But most of the products that Wall Street creates don’t actually kill people (on the other hand, they also don’t get better when you pour water on them, so perhaps the jury is still out on which is worse).

Markets reacted poorly for most of the day yesterday on the news coming out of Japan. The Federal Reserve was forced to cancel its scheduled bond buy-back in mid-stream when the Dow Jones newswire ran headlines saying “EU ENERGY CHIEF: SITUATION AT JAPAN NUCLEAR PLANT OUT OF CONTOL” and “EU ENERGY CHIEF: POSSIBLE CATASTROPHIC EVENTS IN NEXT HOURS.” Bonds predictably shot straight up and stocks tumbled until the EU energy chief admitted that his “analysis” had been gleaned from details in news reports. The Fed re-initiated and complete the bond buyback, and everybody learned a lesson not to listen to the EU Energy Chief. Ever. Again.

The U.S. stock market, however, is also in slow-burn mode and starting to wilt. Yesterday’s 2% decline in the S&P on the highest volume of the year (1.4bln shares or so) took the index to flat on the year. Easy come, easy go. Meanwhile, the Nikkei rallied overnight (5.7%) and the Yen strengthened to match its all-time strongest level, 79.80 yen to the dollar, last seen in 1995. Yes, you read that correctly. The U.S. market is all aflutter now while the Nikkei is rallying and the Japanese currency is actually rallying. Maybe nuclear engineering would be easier.

Speaking of the 2008 meltdown, a reminder of it was called up yesterday when the Wall Street Journal ran an article entitled “Banks Probed in Libor Manipulation Case.” In 2008, there was another Journal story – and it probably prompted this investigation, as that is the way these things go – that pointed out that LIBOR was exceptionally low given the apparent difficulty many banks were having funding themselves in the LIBOR market. It was clear that it was predominantly hedge funds that were upset by the settings and stirring up trouble; after all, the banks are lending money tied to LIBOR and most of us are borrowing that money…so why would we get all bent out of shape because LIBOR was being mismarked too low?

This whole issue wouldn’t even exist if the British Bankers’ Association (BBA) hadn’t changed the way the LIBOR survey was conducted some years ago. Until 1998, LIBOR was set by a survey in which a large number of money market dealers were asked the following question: “At what rate do you think interbank term deposits will be offered by one prime bank to another prime bank for a reasonable market size today at 11am?” On the basis of that question, the crisis of 2008 wouldn’t affect the setting since it became merely hypothetical. There were no prime banks in late 2008, but that doesn’t mean it isn’t possible to speculate where such banks might have lent to each other. This was a smart way to word the question because it meant that (a) no bank was forced to reveal its own cost of funds to its competitors and (b) it abstracted from the occasional funding difficulties that a bank or two might have in special circumstances. That bank, during its problem, wasn’t a prime name bank so it could be ignored for the purpose of the survey.

However, as the swaps market grew and with it, the importance of the LIBOR rate, I suppose the BBA thought it oughtn’t be so hypothetical. So the survey procedure was changed, and now banks are asked “At what rate could you borrow funds, were you to do so by asking for and then accepting inter-bank offers in a reasonable market size just prior to 11 am?” (Thanks to MM for helping me find that.)

This is obviously a very different question. Now banks are expected to trumpet to the world when they are having funding difficulties. Moreover, the question leads to absurdities in the circumstances of late 2008. Complainers think that LIBOR should have been marking higher than it was, but how are you supposed to answer this when the real answer is “infinity. No funds are being offered to me or to any other bank at any price”? And that was in fact the situation. Banks were being ordered not to put out 12-month, 6-month, 3-month, and for a time even 1-month and shorter money.

If you had offered 100% and been lifted, you would have lost your job (especially if that bank then collapsed the next day and your unsecured LIBOR deposit went down the hole with it). So there was literally no correct answer. Obviously, some banks unilaterally altered the question they were answering (since they are required to answer it, and amended to the question “…and the market was functioning normally.” Or perhaps they merely decided to answer the question in the original, pre-1998 spirit. Can we blame people for giving a bad answer to a stupid question? I suppose it makes sense to look to see if there was collusion among the twenty banks that make up the LIBOR survey, although it is a little hard to imagine how a secret agreement could have been kept with so many conspirators.

This just in: the housing market is still radioactive as well. Yesterday’s Housing Starts figure printed at 479k, only 2k above the absolute low of April 2009. This is good, in a way, since less construction means less inventory, which means existing inventory gets worked off more quickly and more homebuyers get shunted to the existing home market where the inventories are really ugly. But it also means that construction is not going to be adding much to the growth figures for a while…

The housing data was lost in the global geopolitical news, as is appropriate. But it was harmonious with what the market wanted to do anyway. Stocks wanted to fall, and they did. Bonds wanted to rally, and the 10y yield declined 10bps to 3.20%, the lowest yield since December and starting to make Bill Gross look kinda bad (but seriously, Mr. Gross has many powers but the ability to predict earthquakes, I suspect, is not among them).

Commodities were flat, with the Ags and Industrial Metals down and energy up. Crude oil regained the $98 level. Opinions on oil vary widely, but I’m a bull. Monetary policy, respectable global growth, damage to MENA production environments, and a decrease in the BTU that can be output from nuclear – that seems like a bullish mix to me.

Today’s data includes Initial Claims (Consensus: 388k from 397k), Industrial Production/Capacity Utilization (Consensus: +0.6%/76.5%), Leading Indicators (Consensus: +0.9%), and the Philly Fed Index (Consensus: 28.8 vs 35.9).

But by far the most important data is the CPI report. The consensus calls for +0.4% on headline and +0.1% on core, raising the year/year headline number to +2.0% and maintaining +1.0% on core.

I think there is risk to the upside on core inflation. Last month, the print surprised on the upside at +0.17% m/m, which brought the y/y number to +0.95% (rounded to +1.0% in news reports). What are the chances of another similar number, more than 0.1% but not quite 0.2%?

I think the odds are reasonable. Recall that last month, major subindices of the CPI constituting 83.5% of total inflation showed acceleration in the year-on-year numbers (to review what I wrote last month, follow this link). And, as I pointed out just 10 days ago, the recent rise in inflation swaps, especially combined with the decline in forward energy quotes, implies that the market also expects core to rise (updated chart below, click to enlarge). [chart]

Purple line is expected core inflation over the next 1 year implied by current inflation swaps and forward energy futures.

As I said in that recent comment, however, the aggressive expectations that are embedded does create the potential for disappointment. The inflation market is far more likely to respond negatively to an as-expected print than it is likely to respond positively to a higher-than-expected core print. We’d need a strong 0.2%, not just a weak 0.2%, to really goose the market I think, and that seems a stretch.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market that started in early 2009 keeps driving stocks to new highs. But the pigs are about to get slaughtered, says Bob Prechter, president of Elliott Wave International and editor of the Elliott Wave Theorist. Prechter still thinks the new bull market is just a cyclical "retracement" of some of the bear market losses that we've had since the market crashed in 2008. Prechter expected this retracement to drive stocks 50% above the market lows, but stocks have since soared 30% higher than than he expected. So when the day of reckoning comes, Prechter thinks, it will be even more startling. And Prechter still thinks that stocks will eventually crash to new bear-market lows (read: below 6,800 on the DOW). What makes Prechter think this day of reckoning may come sooner rather than later? Sentiment indicators and other technical analysis. Investor bullishness has now gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before the market crashed. Investors could still get even more bullish, of course, but eventually they'll pay for this optimism. And Prechter's not just bearish on stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too. The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-bear, Bob Prechter is quick to add that he hopes there will come a day when he can come on the show and tell everyone that stocks are finally so crushed and hated that it's a historic opportunity to buy them. When will that be? Stay tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call on the U.S. stock market, I base it on both fundamental and technical factors. The fundamentals show that stocks are overvalued and we have had three ValuEngine Valuation Warnings so far this year. The January warning was ignored by the market but so far stocks peaked with the warning issued on February 18 and re-iterated on March 3. During this period we have seen many days where all 16 sectors have been overvalued, with eight to 11 by double-digit percentages. Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by double-digit percentages…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may not be the most fascinating sector of the market to watch, but in many ways can be one of the most important. Legendary technical analyst Edson Gould, known for being one of the best market timers of all time, believed that the performance of utilities was an early indicator for broad market movements. He noted often times that when utilities performed exceptionally well, within a short period of time, markets would experience a period of volatility and declining prices…’

Is the Bear Market Back? [ The bear market never left … This has been a manipulated bubble-bull cycle in this secular bear market based on b*** s*** alone and hence, is an especially great opportunity to sell / take profits while you can since there's much worse to come! ] Michaud ‘Financial Markets at Critical Junctures

Michigan passes ‘financial martial law’ bill Politico | Michigan legislators have approved a bill authorizing state-appointed emergency financial managers to break union contracts.

Another Ron Paul Critic at the Fed: ‘I Know Some Powerful People’ Robert Wenzel | Paper money as issued by the Fed can be, I guess, considered a liability.

Currency Meltdown Coming USA Watchdog | A ball of debt is growing. It is on course to swamp the system.

G-7 Sells Yen in First Joint Intervention in More Than Decade The Group of Seven will jointly intervene in the foreign exchange market for the first time in more than a decade after Japan’s currency soared, threatening its recovery from the March 11 earthquake.

Japanese Politician Suggests Closing Financial Markets For A Week Yesterday’s speculation that a bank holiday was suggested and may be imposed in Japan due to unprecedented market swings and tens of trillions in support from the BOJ has just been confirmed.

Tokyo Exodus Part 3: ATM Shutdowns, Power Outages Put Citizens On Edge, Gold Hoarded In Evacuation Preparations The resilience of those living in the Japanese capital has been beyond admirable. After experiencing a record earthquake, hundreds of aftershocks, a historic tsunami, radioactive catastrophy 160 miles away and constant fears a northeasterly wind can bring in radioactive snow, and now unending rolling blackouts and ATM service interruptions, one has yet to hear about any mass exodus let alone coordinated complaining.

How the NY Fed Gifted An Extra $15.7 Million To Wall Street Yesterday As part of the Federal Reserve’s ongoing QE2 program, nearly each day, the NY Fed purchases US Treasury securities from a select group of primary dealers in what is called a permanent open market operation (POMO).

National / World

Infowars has some of the only Potassium Iodide in the U.S. Infowars | Infowars has taken action and secured some of the only remaining dose-ready potassium iodide (KI) in the country.

Alex Jones: Pentagon preparing for Martial Law RT | Is the system itself collapsing?

Neo-Libs Rejoice As UN Declares War On Libya Paul Joseph Watson | War is evil unless it’s sprinkled with the magic pixie dust of UN endorsement and “humanitarian” rhetoric.

U.N. Security Council Passes Libya No-fly Resolution Financial Times | Diplomats vote 10-0 for military action, with five nations, including Russia, China and Germany, abstaining.

Preview: Charlotte Iserbyt – The Miseducation of America PrisonPlanet.tv | Part one of exclusive interview, coming in April 2011.

Last remaining potassium iodide available at Infowars.com Infowars has taken action and secured some of the only remaining dose-ready potassium iodide (KI) in the country.

Neo-Libs Rejoice As UN Declares War On Libya Neo-libs everywhere are rejoicing. Remember – war is evil unless it’s sprinkled with the magic pixie dust of UN endorsement and “humanitarian” rhetoric, in which case the dead bodies, the terror, and the screaming children are all worth it. The fact that Libya is the richest oil nation on the entire African continent is a mere coincidence. Go back to sleep – basketball is on the TV. Soon you’ll be able to crack open a 6 pack and enjoy the air strikes like you would a Dwyane Wade slam dunk.

NY Times Maps Underplaying Extent Of Radiation The radiation plume illustrated on the map is from the original release over last weekend. A far larger and more deadly plume of radiation from the explosions and fires earlier this week will soon follow.

Swedish Government: Radiation To Cover Entire Northern Hemisphere Suggesting that levels of radiation leaks from the stricken Fukushima plant are being grossly underreported by Japanese authorities, a Swedish government agency told Reuters today that not only will the radiation reach North America, but it will subsequently cover the entire northern hemisphere.

Pentagon’s Actions Suggest Nuclear Disaster Is Much Worse Than Feared The Pentagon’s actions regarding the nuclear crisis in Japan reveal that the true scale of the disaster is being withheld from the public.

Tokyo Passengers Trigger U.S. Airport Detectors, N.Y. Post Says Radiation detectors at Dallas-Fort Worth and Chicago O’Hare airports were triggered when passengers from flights that started in Tokyo passed through customs, the New York Post reported.

Harmless? Chernobyl Radiation Killed Nearly One Million People “No citizen of any country can be assured that he or she can be protected from radioactive contamination. One nuclear reactor can pollute half the globe,” they said. “Chernobyl fallout covers the entire Northern Hemisphere.”

MSNBC LIES About Three Mile Island Health Effects They never mentioned studies by the Radiation and Public Health Project, including a “new analysis of health statistics in the region found that death rates for infants, children, and the elderly soared in the first two years after the Three Mile Island accident in Dauphin and surrounding counties.”

Western Response to Japan: The real crime against humanity The Anglo-American multi-trillion dollar global military machine has been defended ad nauseum as essential to protecting free humanity and its progress into a promising future.

Newly Released Images Show Devastated Nuclear Reactors The Tokyo Electric Power Company has released new images that show the devastated nuclear reactors at the stricken Fukushima plant, as authorities confirm that a second reactor containment vessel has been damaged, leading to yet more deadly radiation being released into the atmosphere.

French claim Japan is hiding full scale of nuclear disaster The French government accused the Japanese of losing control of the situation and hiding the full scale of the disaster.

27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The Mainstream Media Or The Japanese Government Have Been Telling Us How much of a threat is the nuclear crisis in Japan? That question is on the minds of millions of people around the globe tonight. The Economic Collapse March 16, 2011

How much of a threat is the nuclear crisis in Japan? That question is on the minds of millions of people around the globe tonight. Unfortunately, the Japanese government and the mainstream media have both been doing their best to downplay this crisis. Even though there have been massive explosions at the Fukushima Dai-ichi nuclear facility, authorities in Japan have still been very stingy with information and they keep insisting that the situation is under control. But the situation is not under control. In fact, it just seems to get worse with each passing day. Radiation levels are now incredibly high at the Fukushima Dai-ichi complex and the radiation cloud is starting to spread. Radiation levels in Tokyo are already 10 times above normal levels, and there are reports in the international media that some people have begun to flee the city. It is imperative that the Japanese government tell the truth about what is going on because this could potentially affect the health of millions of people. There are over 12 million people in the city of Tokyo alone. If this nuclear crisis continues to get worse it could potentially end up killing more Japanese than the tsunami just did.

Yes, things really are that serious.

We are not just talking about a repeat of Chernobyl.

We are possibly talking about “many Chernobyls”.

It is somewhat understandable that the Japanese government and the mainstream media do not want to panic the public, but the reality is that people need the truth about what is going on.

Unfortunately, it is not likely that the Japanese government or the mainstream media are going to “change their stripes” overnight, so in order to try to get an idea of what is really going on we need to look at the clues.

Sometimes it is much more important to watch what people are doing rather than what they are saying.

For example, a significant number of foreign governments are now evacuating personnel from Tokyo.

Why would they be evacuating if there was no threat?

Posted below are 27 signs that the nuclear crisis in Japan is much worse than either the mainstream media or the Japanese government have been telling us. When you take all of these clues and you put them together it really does paint a frightening picture….

#1 Japanese Prime Minister Naoto Kan is urging all people living within 30 kilometers of the Fukushima Dai-ichi nuclear facility to stay indoors.

#2 Andre-Claude Lacoste, the head of France’s Nuclear Safety Authority, says that the containment vessel surrounding the No. 2 reactor at Japan’s Fukushima Dai-ichi nuclear complex is “no longer sealed“.

#3 Radiation levels in Tokyo are already 10 times above normal levels.

#4 Reuters is reporting that some residents of Tokyo are already starting to flee the city.

#5 Radiation levels in one city north of Tokyo, Utsunomiya, were recently reported to be 33 times above normal levels.

#6 Radiation levels in the city of Saitama have been reported to be 40 timesabove normal levels.

#7 According to Japanese Prime Minister Naoto Kan, the “possibility of further radioactive leakage is heightening.”

#8 The Japanese government is admitting that radiation levels near the Fukushima Dai-ichi complex are very harmful to human health.

#9 According to the World Nuclear Association, exposure to over 100 millisieverts of radiation a year can lead to cancer. At this point the level of radiation being measured right outside the number 4 reactor at the Fukushima Dai-ichi complex is 400 millisieverts per hour.

#10 A U.S. Navy crew that was assisting in relief efforts was exposed to a month’s worth of nuclear radiation in just a single hour.

#11 According to the U.S. Navy, low levels of radiation have been detectedat their bases in Yokosuka and Atsugi.

#12 The USS Ronald Reagan recently detected significant levels of radiation 100 miles off the Japanese coast.

#13 The operator of the Fukushima Dai-ichi complex has pulled out 750 of the 800 workers that were working at the facility.

#14 The French embassy in Tokyo is advising French citizens to leave the city.

#15 The German embassy in Tokyo is advising all German citizens to leave the country entirely.

#16 German technology company SAP is evacuating their offices in Tokyo.

#17 Austria has announced that it is moving its embassy from Tokyo to Osaka due to fears about the radiation.

#18 Finland is urging all of their citizens to leave Tokyo.

#19 The Czech military is sending planes to Japan specifically to evacuate the Czech Philharmonic Orchestra.

#20 Air China is canceling many flights to Tokyo.

#21 The Chinese Embassy has announced that it will be evacuating all Chinese citizens from the Miyagi, Fukushima, Ibaraki and Iwate prefectures.

#22 Russia is making preparations to evacuate civilians and military unitsfrom the Kuril Islands.

#23 Physicist Frank von Hippel recently told the New York Times the following about this disaster: “It’s way past Three Mile Island already”.

#24 The president of France’s nuclear safety authority says that this crisis is now almost as bad as Chernobyl was….

“It’s clear we are at Level 6, that’s to say we’re at a level in between what happened at Three Mile Island and Chernobyl.”

#25 There have been reports of extremely high radiation at another nuclear facility in Japan. It has been reported that at the Onagawa nuclear plant radiation that is 700 times the normal level was detected at one point.

#26 One anonymous senior nuclear industry executive told The Times Of India that Japanese power industry managers are “basically in a full-scale panic” and that “they don’t know what to do”.

#27 It is also being reported that there were over 600,000 spent fuel rodsstored at the Fukushima Dai-ichi complex. Most of these rods were apparently stored near the top of the 6 reactor buildings. There have already been major explosions at three of those buildings. It is now feared that there is now nothing to prevent many of these spent fuel rods from releasing radiation into the atmosphere. That is really, really bad news.

So is there a threat that nuclear radiation from Japan could reach the United States?

Well, actually everyone agrees that radiation could reach the United States. The controversy is whether or not it will be enough to be harmful to human health.

The Nuclear Regulatory Commission is admitting that it is “quite possible” that nuclear fallout from this disaster could reach the United States. In fact, Nuclear Regulatory Commission spokesman David McIntyre says that there could already be radiation from Japan over America….

Right now it’s quite possible that there could be some radiation floating over the United States.

But most government officials in the U.S. are insisting that there is “no threat” to the health of American citizens from this crisis at this point.

So how would nuclear radiation from Japan get transported to the United States?

Well, if radiation released by a damaged nuclear reactor got up into the jet stream, the first major land mass that it would encounter would be North America. In fact, the jet stream commonly takes air from over Japan directly over the west coast of the United States. The following video demonstrates this fact beautifully….

So is there any reason for those of us living in the United States to be concerned?

According to the Japanese government, the U.S. government and the mainstream media there is not.

But do you believe them?

The truth is that they seem much more concerned with keeping the public calm rather than telling the public the truth.

Radiation levels are increasing all over northern and central Japan. People are starting to leave Tokyo and other major cities in the region. Foreign governments are evacuating personnel. Fires continue to erupt at the Fukushima Dai-ichi complex. The authorities in Japan seem to have no idea how to solve this crisis.

If even one of those damaged nuclear reactors fully melts down it is going to be a complete and total nightmare. If you live in an area that could potentially be affected by nuclear radiation from Japan you might want to start figuring out how you and your family are going to handle this crisis’

Hamas says Israeli fighter jets bomb facility in Gaza, killing 2 Palestinians [ War crimes nation israel keeping america looking bad in the Mideast, when defacto bankrupt america can least afford it. ] Washington Post - GAZA CITY, Gaza Strip - Israeli fighter jets pummeled a Hamas security facility in the Gaza Strip on Wednesday, killing two Palestinian civilians / freedom fighters and wounding four, officials in the Palesinian coastal ... Two killed in Israeli air strike on Hamas compound in Gaza Jerusalem Post Palestinians: Three killed in Israel air strike on Gaza Ha'aretz

VIDEO: EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good reason in Afghanistan, etc., I have been at a loss to understand why they are not blasting the skinnies out of the water, along with bombing the skinny-places of refuge! ]

Drudgereport:`UN AUTHORIZES MILITARY STRIKES ON LIBYA...HILLARY'S WARStrikes Could Come Within Hours...`
`'ALL NECESSARY MEASURES'...`
`THE BOOT: Sorties from Italy...`
`Canada on the march... GADDAFI: 'WE ARE COMING TONIGHT'...`
`'THERE WON'T BE ANY MERCY'... Japan's increasingly frantic efforts at nuke plant... 'Like suicide fighters in a war'...`
`Mayor of town near nuke: 'They're leaving us to die'...`
`DESPAIR TURNING TO ANGER...`
`'We're Very Close Now to the Point of No Return'...`
`U.S. Officials Alarmed By Japanese Handling of Crisis...`
`Life Among the Ruins...`
`AP... BBC... KYODO... NHK... REUTERS...US, JAPAN SPLIT ON NUKE DANGERDebt Jumps $72B Same Day House Votes to Cut Spending $6B...`
`Tiny tim geithner to Congress: More Debt, Please...OBAMA SETS WEEKEND IN RIO!`
`Family will take in the sights...`SPRING BREAK: Obama the invisible; Anti-leadership amid world crises … [ wobama’s presidency is over, he should be impeached / removed from office ! ] ... VIDEO: T_rump Says He'll Spend $600 Million on Prez Run… dreamin’, schemin’, to no avail … even this mobster’s bribes couldn’t put him over the top … he’s a joke, a lightweight, and a loser! And, from the nation’s foremost drains / sinkholes, corrupt / mob infested new york / new jersey (he and his corrupt sister judge maryanne should be in jail – Jerry Springer would make a more serious candidate, and that also would be a joke; but at least Springer pioneered that mindless entertainment genre and is intelligent.)... RACE TO SAVE CORE...

(Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ]

Dana Milbank In state legislatures, Tea Partyers take democracy to absurd lengths. (Washington Post) [ I love to pick on Mr. Milbank … we’re so … ‘opposite’. ‘Louis Brandeis’? As they say on Saturday Night Live, ‘What’s up with that, what’s up with that’. I concede he was a brilliant jurist (my personal favorite was Holmes, especially Holmes’ discussion of the law as providing foreseeability of consequences to actions, ie., threatening to do what one legally can do which enables the other party to avoid such consequences, etc.. – Boy, did he get that wrong with pervasively corrupt, defacto bankrupt ‘modern america’ where meaningfully lawlessness reigns supreme (see, ie., RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] ). Yet Brandeis’ powers of foresight were sorely lacking [ Upon completion of his first semester exams he was packing his bags to leave (I think harvard) certain he had failed out. In fact, he ‘aced’ them all. (I can empathize with that feeling which unlike anytime after a test I felt after the 3 day bar exam. I felt drained and ‘certain’ I had failed. In fact, I scored so high on the multi-state that my ‘jersey part’ of the exam became irrelevant (how prescient a circumstance). ] Laboratory?... I don’t think so … unless you’re talking of that of Dr. Frankenstein himself.

2chambers: McConnell, McCain draw the line (Washington Post) [ mccain recently said that if he had been elected president, defacto bankrupt america would be fighting 3 wars. Talk about a race to the ‘bottom’. Earth to mccain … that’s why you weren’t elected (mccain’s a loser, from wrestler, to downed pilot, to songbird pow, to keating 5 man who should have gone to jail, etc.; although wobama the b (for b*** s***), despite promises to the contrary, has been no better; viz., maybe 2 and a half wars despite the nation’s defacto bankruptcy. Never trust a *********** Go ahead, fill it in … whatever comes to mind … don’t feel guilty, his presidency’s done! Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b*** s***) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: City Lowers Police Testing Standards Because Not Enough Blacks Passed... Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters... Golf in the afternoon... ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.” Dave’s Daily: ‘…Where is the president? This has been a universal question raised by both right and left. Obama appeared on ESPN to go over his NCAA basketball bracket, is hosting a $30K a plate fund raiser in Harlem and heads this weekend to Rio. The president's disconnect is beyond belief and his ears have turned to tin…’ Obama Plays While Japan Begs for Help [ ‘Wobama the b’ (for b*** s***) is a typical ‘***************’ … Go ahead, fill it in … whatever comes to mind … don’t feel guilty, he’s already a failed president who should be impeached / removed from office without delay and a total incompetent and fraud. ] Watson/Jones | With the world on fire, the President goes AWOL again … ’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. ]

A Tragedy of Epic Proportions: Dave's Daily ‘No Mr. Wise Guy today. The world is facing two crises in Japan and MENA. The nuclear issue in Japan appears out of control. At the same time, this tragedy is masking what's going in MENA as Gadhafi takes control and in Bahrain where the weird Sunni/Shiite battles rage. With the latter, it's like a primitive religious war the west experienced centuries ago (save Ireland) with Catholics fighting Protestants. Where is the president? This has been a universal question raised by both right and left. Obama appeared on ESPN to go over his NCAA basketball bracket, is hosting a $30K a plate fund raiser in Harlem and heads this weekend to Rio. The president's disconnect is beyond belief and his ears have turned to tin. Hillary Clinton meanwhile has announced she won't serve a second term as Secretary of State should Obama be reelected. Perhaps she'll serve as Vice-President to beef-up Obama's reelection chances; but, she hasn't distinguished herself in foreign affairs lately. Last night the BOJ injected many trillions of yen helping markets rebound. With rapidly changing "current" news this may not occur tonight. Bulls hope for reconstruction that will help U.S. industries within materials and manufacturing sectors providing the stuff they need to rebuild. But, that's a longer term positive for U.S. markets. For now, we need to know how this situation will play out from a humanitarian and safety view. The yen has hit fresh all-time high with repatriation paramount. Bonds are still climbing while crude oil rose and precious metals were up a touch. Other commodities were mixed…’

U.S. home construction drops sharply (Washington Post) [Well, there you go … just like ‘no-recession b.s. bernanke’ said: green shoots … comin’ up roses! ] The level of home construction plummeted in February from a month earlier to its lowest level since April 2009.

(Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ]

Top 3 Reasons Markets Continued to Get Hammered Wall Street Cheat Sheet ‘On Wednesday March 16, 2011, Markets closed down on Wall Street: DJI -2.04% SP500 -1.95% Nasdaq -1.89% Gold +0.24 % Oil +1.46% .Japan ( NYSE:EWJ ) continues to spook the world and Saudi Arabia has an escalating issue with Bahrain. Moody’s ( NYSE:MCO ) also downgraded Portugal’s credit rating again and PIIGS like Spain ( NYSE:EWP ) got slammed as austerity is becoming the new normal in Europe.

Today’s markets dropped because:

1) Japan ( NYSE:EWJ ) is about as scary a situation as possible. Fukushima is the center of the world at this point, and reports on Japan’s wire indicate problems are not contained at the nuclear power plant. General Electric ( NYSE:GE ) has been dumped on fears of legal liability for the design and construction of the facility at issue, and you better believe the Japanese government will look for a scapegoat (and deep pockets) once the situation stabilizes and the blame game begins. The next BP ( NYSE:BP )? Possibly. But there is still hope for a successful rebuild .

2) US producer prices are heating up and housing starts are drastically slowing down. Ironically, the best thing that could happen to the housing market is a slowdown in adding new supply. But don’t tell that to Homebuilders ( NYSE:XHB ) who got slammed today . And the last thing producers need is higher input costs as the economy remains as fragile as a Hollywood ego at the Oscars . Hey, let’s all focus on the NCAA Men’s Basketball Tournament and everything will seem fine … for a few days.

3) Apple ( NASDAQ:AAPL ) had its tiara dented. Ready for a complete shocker? The iPad2 is sold out, yet some Excel jockey over at JMP Securities (who??) downgraded Apple . On a more important note, tablet computing rival Motorola ( NYSE:MMI ) announced the new Xoom WiFi will compete at Apple’s price point and run on Google’s ( NASDAQ:GOOG ) Honeycomb OS. All this added up to a staggering 4.4% one day drop for Wall Street’s darling.

Now that you’re in the know, good luck using logic or reason to predict tomorrow’s market activity.’

A Snapshot of Global PE Ratios and Dividend Yields Horowitz ‘Below, presented without comment, an interesting view of some of the major world markets and their P/E or "cheapness" ratios. Spain's IBEX checks in with the lowest P/E ratio and highest dividend ratio on a relative basis, while the two countries with the lowest dividend yield are Japan's Nikkei 225 and Mexico's IPC Index. [chart] ‘

Stock Market Decline Develops Exactly as Expected McCurdy‘The S&P 500 index has declined nearly 5% during the last five sessions, erasing all of the previous gains for the year.
[chart]

Click to enlarge graphic

Of course, mainstream financial media have attributed much of the recent weakness to the earthquake and subsequent tsunami in Japan. But market behavior was telling us to expect a sharp decline long before this natural disaster occurred.

As we often note, the stock market is a discounting mechanism that sees several months into the future. It represents the cumulative judgment of all market participants, reflecting the best fundamental information available along with investor and trader sentiment. Those who do not understand how the market functions attempt to explain its behavior via the daily news flow, attributing up days to positive data or developments and down days to negative information. However, doing so misses the big picture and ignores basic market dynamics. Market behavior on any given day only has meaning when viewed in its proper context.

Prices are influenced by trends and cycles across multiple time frames that range from decades to days. Secular trends drive market movements for 10 to 20 years at a time, while cyclical component trends dominate price swings for 2 to 5 years. You also have intermediate-term weekly moves and short-term daily trends and cycles. Most importantly, each time frame exhibits relatively independent behavior. Sometimes all trends are aligned across all time frames, but most of the time they are not, so they must each be analyzed and properly characterized in order to develop a comprehensive, accurate understanding of market behavior.

Tragedies such as the Japanese natural disaster do influence market behavior, but their primary functions are as catalysts, setting in motion processes that were already likely. In the case of the current market environment, the process in question was the violent correction of an extremely over-extended rally from September. From early September until late February, the S&P 500 index advanced 28% without experiencing a meaningful retracement. Such extreme moves are always followed by volatile counter-trends, and by early February market behavior was warning us that the inevitable violent correction was becoming more likely. Broad market internals began to exhibit weakness as treasury yields continued to rise and market sentiment held at irrationally bullish extremes. When the overextended rally finally broke below uptrend support during the final week in February, market internals such as volume summation followed suit, strongly suggesting that the correction was about to begin.
Click to enlarge
[chart]
The Japanese disaster then acted as a catalyst that set the process in motion. The sharp rally from September to February is representative of the current environment and reflects heightened market volatility that has persisted since the crash in 2008.
Click to enlarge
[chart]
Again, extreme moves such as these are always followed by violent countermoves, and careful study of market behavior will indicate when the next reversal is becoming likely. For example, in February 2009, chart analysis suggested that historically oversold conditions would soon lead to the best trading opportunity in a generation, and the catalyst that set the massive rally in motion was a surprise positive earnings announcement from Citigroup on March 10.
Click to enlarge
[chart]
As expected, the subsequent oversold reaction was equally violent in character, resulting in the development of an extremely overbought condition in April 2010. Once again, market behavior warned us when the inevitable correction was imminent, and the European debt crisis in May 2010 acted as the catalyst that set the decline in motion.
Click to enlarge
[chart]
Returning to the present, now that the violent correction we have been awaiting is in progress, market behavior during the next several weeks should provide a reliable assessment of cyclical bull market health and produce clarity with respect to long-term direction. The decline from early March has caused the current short-term cycle to transition to a bearish bias.
Click to enlarge
[chart]
The next Short-Term Cycle Low (STCL) should occur sometime during the next two weeks, and the character of the subsequent reaction will likely tell us if the cyclical bull market is simply taking a breather or preparing to terminate.’

Don't Ignore Weak Housing Market and Bank Stress Issues Suttmeier ‘Japan’s nuclear nightmare will stall global growth, which begins with housing and banking in the United States. With the world’s third-largest economy slowed to a crawl, the impact will be felt around the globe. Here in the United States, I worry about the housing market and the banking system where problems have been kicked down the road since 2008. The Fed says that the housing market remains depressed! The scars of “The Great Credit Crunch” could be opened as the economic impact from Japan slows business activities here in the United States.

The NAHB Housing Market Index Rose by a Point to 17 -- The National Association of Home Builders Housing Market Index has been 20 or lower since September 2007 after being as high as 72 in June 2005, when I predicted that housing stocks were extremely overvalued and overbought and long overdue for a bear market. [chart]

In March the HMI inched up to 17 from 16 where 50 is the neutral zone so home builders have been in a depressed mood since May 2006 when this index first dropped below 50. Today home builders face the same obstacles talked about in the last several reports: competition from short sales and foreclosures, potential new home buyers’ inability to sell existing homes, home appraisals falling below the costs of new construction, and tough lending standards for both home builders and home buyers.

Economies on Main Street, USA depend upon the construction industry, and the housing market is a major component of this. Community banks are reluctant to lend to home builders, as they still have $321.6 billion in Construction & Development (C&D) loans on the books, where collections are problematic.

The NAHB Tells Congress that the Housing Market Needs Access to Credit

The National Association of Home Builders tried to give a positive spin on the housing market, anticipating an improving job market, but hedge that with the fact that builders cannot get construction credit from community banks. C&D loans declined 9.2% or $32.5 billion sequentially in the fourth quarter and down 28.7% year-over-year. This is a slight acceleration of this component of Commercial Real Estate loans, which is a natural occurrence as the total is down to $321.6 billion. C&D are down $307.4 billion since the end of 2007, or 48.9%. Back between the end of 1988 and the end of 1992 this category of Commercial Real Estate Loans declined 54.7%, and “The Great Credit Crunch” we are in today will likely exceed that percentage.

The NAHB is worried that this contraction in construction lending will force more small builders out of business resulting in more job losses industry-wide and across the country. I have been saying that construction jobs are the most significant catalyst for job growth on Main Street, USA. Keep in mind that housing represents about 15% of our nation’s GDP. The NAHB told Congress that residential construction jobs declined by 1.4 million since April 2006.

The NAHB urged Congress to have a solution to the Fannie and Freddie dilemma as an affordable source of credit for housing, and to preserve the mortgage interest tax deduction, and the capital gain exclusion. Without these protections home prices are likely to continue to decline. The NAHB s worried about raising the down payment to 20%, but I agree with that restriction.

The NAHB is way too optimistic forecasting a modest gain in new home sales of 8% to 347,000 units in 2011 with 516,000 units in 2012.

Bank Failure Friday -- Two private banks were closed by the FDIC last Friday, and one had an extreme overexposure to Commercial Real Estate loans.

25 banks failed in 2008
140 banks failed in 2009 with a peak of 50 in the third quarter
157 banks failed in 2010
25 banks have failed year to date in 2011
347 banks have failed since the end of 2007
I still predict 500 to 800 bank failures in total by the end of 2012 into 2013.

The Number of Underwater Mortgages Rose at the End of 2010 -- According to CoreLogic approximately 11.1 million households or 23.1% of all mortgages were underwater in the fourth quarter of 2010. Another 2.4 million have only 5% of less equity. Underwater mortgages had declined in the prior three quarters because more homes came off the market because of foreclosures. The total negative equity in the mortgage market rose to $751 billion at the end of 2010 up from $744 in the third quarter. The number-one cause of underwater mortgages is lower home values. Home prices hit there lowest point of the crisis in 11 of 20 cities tracked by Case-Shiller in December.

Foreclosure Related Notices Decline, but That's Misleading -- Foreclosure filings fell to a 36-month low in February because lenders delayed activities against homeowners due to heightened scrutiny over the way banks are handling home repossessions. Information from RealtyTrac shows foreclosures down 14% in February to 255,101 homes, down 27% year over year.

Lenders repossessed 16% fewer homes in February, down 41% year over year to 64,643 units. Once the procedures are streamlined the pace will pickup as homeowners in default stay longer living in their homes. Meanwhile the backlog of potential foreclosure action and repossessions will grow.

The delay of foreclosure actions will likely delay a housing recovery until 2014 into 2015. Meanwhile home prices should continue to slump as around 5 million homeowners are at least two months behind on their mortgage payments.

Quite often an unexpected event from abroad will divert attention away from key market factors, which can expose old wounds!

Fed Policy Statement Implies That the US Economy Isn't Out of the Woods

The Federal Reserve says that the economic recovery is on firmer ground with an overall gradual improvement in the labor market. The key to the fact that Main Street economy is not out of the woods? Investment in nonresidential structures remains weak and the housing market continues to be depressed.

The Fed recognizes that commodity prices are putting upward pressure on inflation, but they say that it's temporary. They recognize the sharp run-up in energy costs caused by supply concerns, but have blinders on saying that longer-term inflation expectations is stable with underlying inflation still subdued. This theory will be put to a test with PPI released Wednesday and CPI on Thursday. The FOMC still believes that Americans do not need to eat and buy gasoline.

The Fed will continue to expand their balance sheet via the $600 billion QE2 (quantitative easing), which continues through June and they will continue to buy additional US Treasuries to replace maturing mortgage-backed securities. In addition they are continuing to keep the federal funds rate at zero to 0.25% for an extended period which began December 16, 2008.

10-Year Note -- (3.323) This yield declined to 3.203 on a continued flight to quality. The 200-day simple moving average lines up with my monthly risky level at 3.016 and 3.002. With the rebound in Japanese stocks overnight this yield is up to 3.351 this morning. [chart]

Comex Gold -- ($1396.9) The 50-day simple moving average was tested at Tuesday’s low at $1380.2. My annual value level is $1356.5 with my weekly pivot at $1404.1, and daily, monthly and quarterly pivots at $1420.1, $1437.7 and $1441.7, and semiannual risky level at $1452.6. [chart]

Nymex Crude Oil -- ($97.50) Tested $96.71 on Tuesday versus my monthly value level at $96.43. My annual pivots at $99.91 and $101.92 have been strong magnets. My monthly value level is $96.43 with daily, semiannual and quarterly risky levels at $102.18, $107.14 and $110.87. [chart]

The Euro -- (1.3991) My quarterly value level is 1.3227 with a daily pivot at 1.3913, and weekly, semiannual and monthly risky levels at 1.4089, 1.4624 and 1.4637. [chart]

All daily charts for the major equity averages are negative -- trading below 50-day simple moving averages with declining daily momentum (12x3x3 daily slow stochastic). There are no oversold measures as yet. Tuesday’s low was 11,696 and Monday’s low was 11,897.[chart]

The weekly chart for the Dow Industrial Average remains overbought, but will join the other major averages with momentum (12x3x3 weekly slow stochastic) declining below 8.0 given a close on Friday below 11,856. This will confirm the Friday, February 18 high at 12,391.29 as a cycle high. My prediction has been a March high below 10,600. [chart]

While we are no longer under a ValuEngine Valuation Warning, stocks remain overvalued with 53.4% of all stocks overvalued. This measure needs to fall below 35% to call stocks cheap. Fifteen of 16 sectors remain overvalued, but now only one by double-digit percentage.

Key Levels for the Major Equity Averages

The Dow Industrial Average (11,855) -- My annual value level is 11,491 with a daily pivot at 11,835, and weekly and monthly risky levels at 12,400 and 12,741.
The S&P 500 (1281.9) -- My quarterly and annual value levels are 1262.5 and 1210.7 with a daily pivot at 1276.3, and weekly and monthly risky levels at 1327.3 and 1381.3. A weekly close below 1284 shifts the weekly chart profile to negative.
The NASDAQ (2667) -- My daily value level is 2646 with weekly, quarterly and monthly risky levels at 2753, 2853 and 2926. Semiannual and annual value levels are 2363, 2335 and 2172.
The NASDAQ 100 (NDX) (2260) -- My daily value level is 2238 with weekly, quarterly, and monthly risky levels at 2333, 2438 and 2499. Semiannual value levels are 2006.8 and 1927.6.
Dow Transports (5020) -- My quarterly value level is 4671 with weekly and daily pivots at 4995 and 5040 with my annual pivot at 5179.
The Russell 2000 (791.33) -- My quarterly value level is 765.50 with daily and annual pivots at 785.84 and 784.16, and a weekly pivot at 805.37, and monthly risky level at 850.79. Semiannual value levels are 631.62 and 567.74.
The Philadelphia Semiconductor Index (SOX) (421.79) -- My daily value level is 404.53 with weekly, monthly and quarterly risky levels at 447.74, 453.89 and 465.93. Semiannual and annual value levels are 296.89, 270.98 and 259.30. ‘

Look at How Producer Prices are Getting More Expensive Wall St Cheat Sheet ‘On Wednesday March 16, 2011, The Producer Price Index for finished goods increased 1.6 percent in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today . This rise followed advances of 0.8 percent in January and 0.9 percent in December, and marks the largest increase in finished goods prices since a 1.9-percent advance in June 2009.

At the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 2.0 percent, and the crude goods index climbed 3.4 percent. On an unadjusted basis, prices for finished goods advanced 5.6 percent for the 12 months ended February 2011, the largest 12-month increase since a 5.9-percent rise in March 2010. (See table A.)

Monthly Changes Breakdown[chart]

Finished Goods (seasonally adjusted)[chart]

Finished Goods (not seasonally adjusted)[chart]

Intermediate Goods (seasonally adjusted)[chart]

Intermediate Goods (not seasonally adjusted)[chart]

Crude Materials (seasonally adjusted)[chart]

Crude Materials (not seasonally adjusted)[chart]’

Uptick in Wholesale Prices, Lower U.S. Home Construction Data Weighing On Markets Barron’s ‘As Japan’s nuclear crisis widens and several Arab states contemplate taking a more active role in Libya, stock ETFs are pointing down this morning.The SPDR S&P 500 ETF (SPY) is slipping slightly in pre-markets following disappointing reports on housing construction and wholesale prices. The PowerShares QQQ (QQQQ) is down 0.4%.Overseas, the iShares MSCI EAFE ETF (EFA) is sliding by 0.5% and the iShares MSCI Japan ETF (EWJ) is down 1.4%.Weighing on investors this morning is a report on U.S. housing starts that showed that construction activity took the steepest monthly plunge in nearly 27 years in February. Also, U.S. wholesale prices surged 1.6% last month on higher energy and food prices.’

U.S. Stocks in Red, Though Markets Cut Early Losses Amid Fed Optimism [ Fed optimism? You mean ‘fed b*** s*** ‘! Yes, we’re spoon fed ‘fed b*** s*** ‘. The same ‘no-recession’ b*** s*** that wall street frauds are made of and thrive on. What do you expect them to say? After all, it’s the fed’s incompetence, complicity and wall street’s greed, fraud! ] Midnight Trader (see infra)

The sad, hypocritical retirement of Evan Bayh Klein (Washington Post) [ What’s so sad about it? Maybe only that the entire congress hasn’t stepped down with him, along with ‘wobama the b’ and the rest of his executive branch except law enforcement, and that other so-called judicial branch of plushly accoutered lifetime appointees. After all, someone must bear responsibility for the pervasively corrupt, defacto bankrupt state of the nation. If not them, then who. In the figurative (and I mean figurative not literal) sense, we should all burst out with that familiar refrain from ‘Another one bites the dust’.]

Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b* s) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: `City Lowers Police Testing Standards Because Not Enough Blacks Passed...` `Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters...` `Golf in the afternoon...` ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.” Dave’s Daily: ‘…Where is the president? This has been a universal question raised by both right and left. Obama appeared on ESPN to go over his NCAA basketball bracket, is hosting a $30K a plate fund raiser in Harlem and heads this weekend to Rio. The president's disconnect is beyond belief and his ears have turned to tin…’ Obama Plays While Japan Begs for Help [ ‘Wobama the b’ (for b s*) is a typical ‘*************’ … Go ahead, fill it in … whatever comes to mind … don’t feel guilty, he’s already a failed president who should be impeached / removed from office without delay and a total incompetent and fraud. ] Paul Joseph Watson & Alex Jones | With the world on fire, the President goes AWOL again … ’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post** | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money

Web site Link / Path to archived file: http://www.albertpeia.com/insidejob.flv [45mb ]

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The same can be said of wobama et als and his fraudulently failed presidency. Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some might reflexively, defensively allege drugs (prescription or otherwise) or any number of the varied personality disorders so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b* s* (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to even hold the office of president in question. Drudgereport:`UPDATE: Huckabee claims Obama grew up in Kenya...` The Obama Nation, by Jerome Corsi Rezko was corrupt, and supported Obama in many campaigns as well as in Obama buying his home -- and therefore, according to Corsi, Obama is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama. Drudgereport: `WOBAMA 'IMPEACHMENT' WARNING...` `...to announce exploratory committee 'in 10 days'` Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States. Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker, along with the dems. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Lessons from the long tail of improbable disaster (Washington Post) [ No! I disagree with the implication of the article! Modern life advantages? What, new fangled frauds? That was the bottomline to the real estate debacle; that is, the ‘pretend’ was creating an ongoing plethora of profits derived from literally worthless paper. If not for financial incentive (from fraud), and certainty of prosecution for the fraud (to date such has not occurred), this still extant debacle in the trillions would not have occurred. Moreover, and this is not 20/20 hindsight, I had no idea of the prevalence of earthquakes in Japan (but was aware of their nuclear energy commitment) and clearly, conscious decisions for the sake of extra profits were made regardless of risk. Some (ie., earthquake-prone) nations just have to suck it up and make do without nuclear (and pay more for fossil fuels, etc., which would affect margins). The BP disaster was the consequence of a known flaw, even warned against by personnel close to the debacle (the solution possibly affecting executive bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? … well, who’d want to live there anyway outside of the Mardi Gras celebration…just kidding. All the attention in the world does not change the ‘facts of life’. No, not those facts of life, but reality. ] The lesson of disasters such as the one in Japan is that more attention must be paid to extra risks that come with all the advantages of modern life

Hidden workforce hinders recovery (Washington Post) [ Come on! Get real! They’ll never give up that ‘fudge factor’ that gives them cover for their prevarication and continued wall street churn and earn bubble fraud. ] The biggest challenge to the nation’s economic recovery is Americans who have stopped looking for new jobs.

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

YAHOO [BRIEFING.COM]: ‘…Data generally disappointed today. First on the list of releases is a housing starts report that showed a 22.5% drop in February to an annualized rate of 479,000 units, which is not only considerably less than the 575,000 units that had been forecasted, on average, by economists surveyed by Briefing.com, but also the slowest rate in almost two years. Building permits for February were also discouraging. They fell 8.2% from the prior month to an annualized rate of 517,000, which is less than the 573,000 that had been broadly expected…’

AP Business Highlights: On Wednesday March 16, 2011, 6:54 pm EDT ‘Higher prices for food are about to get worse WASHINGTON (AP) -- Americans are noticing higher prices at the grocery store, and it's about to get worse. Food prices at the wholesale level rose last month by the most in 36 years…’

Currency Meltdown Coming USA Watchdog | A ball of debt is growing. It is on course to swamp the system.

US food price rise is steepest in decades London Telegraph | Food prices in America soared at their fastest rate since the 1970s last month.

The Unbearable Lightness Of TARP Reporting The Daily Bail | Credit markets were NOT “frozen” during the crisis.

Yen Hits Highest Against Dollar Since 1995 on Radiation Concern The yen reached its strongest level since 1995 versus the dollar as risk of radiation leaks from crippled nuclear plants in Japan added to speculation insurers and investors will redeem overseas assets to pay for damages.

Foreign bankers flee Tokyo as nuclear crisis deepens Foreign bankers are fleeing Tokyo as Japan’s nuclear crisis worsens, scrambling for commercial and charter flights out of the country and into other major cities in the region.

Radiation In Ibaraki Rises To 300 Times Normal As Fukushima Evacuated, DOCOMO To Limit Up To 80% Of Voice Calls In Chiba, Ibaraki, 50% In Tokyo A choppy futures session has seen some modest profit-taking in line with Nikkei trading, following news that all TEPKO personnel around Fukushima are to be evacuated due to abnormally high radiation levels.

Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab It’s another day for the BOJ, which more than anything is hell bent on preventing a rerun of last night’s tumble in the futures to a 7 handle.

National / World

Fukushima nuclear power plant in Japan — a dirty bomb waiting to go off Mike Adams | Far worse than a terrorism attack.

NRC Says Spent Fuel Pool at Unit Four Lost Massive Amounts of Water ABC News | The Japanese quickly challenged statement, but gave few details saying only that the situation at the holding pool was “stable.”

Governments, Corporations Push Cover-up of Japanese Nuclear Nightmare Kurt Nimmo | Government secrecy is the rule of the day and the health and welfare of citizens ranks low.

Obama Plays While Japan Begs for Help Paul Joseph Watson & Alex Jones | With the world on fire, the President goes AWOL again.

Water in Pool Storing Spent Nuclear Fuel Rods May Be Boiling, Sign for Release of Radioactivity Washington’s Blog | Damaged fuel rods emit radioactive substances.

Radiation Contaminated Wind to Blow Toward U.S. Reuters | The wind speed will get stronger in the afternoon, blowing as fast as at 12 meters (39.4 ft) per second.

Exodus from a nuclear nightmare Daily Mail | Those inside the cars and trucks were fleeing for their lives, terrified about what might happen next.

Workers abandon Japan nuclear plant as crisis worsens Reuters | Japan’s nuclear crisis appeared to be spinning out of control on Wednesday.

Fukushima nuke plant situation ‘worsened considerably’ Kyodo News | ”This accident can no longer be viewed as a level 4 on the International Nuclear and Radiological Events scale that ranks events from 1 to 7.”

Massive Cover-Up Of Radiation Levels In Fukushima Prefecture A data map of radiation levels in Japan posted on the TargetMap website has omitted information from the Fukushima Prefecture where nuclear reactors are currently melting down.

Nuclear Crisis Live: 48 Hours To Avoid “Chernobyl On Steroids”? The IAEA says that the temperature of the pool at reactor 4 was 84C on Tuesday morning. On Wednesday morning, it was 62.7C at reactor 5 and 60C at reactor 6. Current reports say the pools at both reactors 3 and 4 are boiling. Reactor 4′s pool may even be dry.

Obama Fiddles While Fukushima Burns History tells us that Nero fiddled while Rome burned, but Barack Obama is providing the famous emperor with some serious competition when it comes to going AWOL while America and the world face crises the likes of which haven’t been experienced in decades.

EPA Increases radiation monitoring In U.S. The EPA plans to work with its federal partners to deploy additional monitoring capabilities to parts of the western U.S. and U.S. territories.

Plant workers may undertake “suicide mission” to avert total meltdown “We’re very close now to the point of no return,” Dr. Michio Kaku, a theoretical physicist, said. “It’s gotten worse. We’re talking about workers coming into the reactor perhaps as a suicide mission and we may have to abandon ship.”

U.S. forces kept 50 miles away from Japan nuke plant U.S. forces in Japan are not allowed within 50 miles of Japan’s crippled nuclear power plant, the Pentagon on Wednesday, explaining measures meant to keep troops safe during a relief operation.

Alert: Radiation from Stricken Japanese Plant Reaches Alaska? Radiation from the Fukishima Daiichi nuclear power plant disaster has reached Alaska, according to the state commissioner of health and social services in that state. He said the state has detected a “very small increase in radiation levels – well below levels that would be a health concern.”

Newly Released Images Show Devastated Nuclear Reactors The Tokyo Electric Power Company has released new images that show the devastated nuclear reactors at the stricken Fukushima plant, as authorities confirm that a second reactor containment vessel has been damaged, leading to yet more deadly radiation being released into the atmosphere.

French claim Japan is hiding full scale of nuclear disaster The French government accused the Japanese of losing control of the situation and hiding the full scale of the disaster.

27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The Mainstream Media Or The Japanese Government Have Been Telling Us How much of a threat is the nuclear crisis in Japan? That question is on the minds of millions of people around the globe tonight. The Economic Collapse March 16, 2011

How much of a threat is the nuclear crisis in Japan? That question is on the minds of millions of people around the globe tonight. Unfortunately, the Japanese government and the mainstream media have both been doing their best to downplay this crisis. Even though there have been massive explosions at the Fukushima Dai-ichi nuclear facility, authorities in Japan have still been very stingy with information and they keep insisting that the situation is under control. But the situation is not under control. In fact, it just seems to get worse with each passing day. Radiation levels are now incredibly high at the Fukushima Dai-ichi complex and the radiation cloud is starting to spread. Radiation levels in Tokyo are already 10 times above normal levels, and there are reports in the international media that some people have begun to flee the city. It is imperative that the Japanese government tell the truth about what is going on because this could potentially affect the health of millions of people. There are over 12 million people in the city of Tokyo alone. If this nuclear crisis continues to get worse it could potentially end up killing more Japanese than the tsunami just did.

Yes, things really are that serious.

We are not just talking about a repeat of Chernobyl.

We are possibly talking about “many Chernobyls”.

It is somewhat understandable that the Japanese government and the mainstream media do not want to panic the public, but the reality is that people need the truth about what is going on.

Unfortunately, it is not likely that the Japanese government or the mainstream media are going to “change their stripes” overnight, so in order to try to get an idea of what is really going on we need to look at the clues.

Sometimes it is much more important to watch what people are doing rather than what they are saying.

For example, a significant number of foreign governments are now evacuating personnel from Tokyo.

Why would they be evacuating if there was no threat?

Posted below are 27 signs that the nuclear crisis in Japan is much worse than either the mainstream media or the Japanese government have been telling us. When you take all of these clues and you put them together it really does paint a frightening picture….

#1 Japanese Prime Minister Naoto Kan is urging all people living within 30 kilometers of the Fukushima Dai-ichi nuclear facility to stay indoors.

#2 Andre-Claude Lacoste, the head of France’s Nuclear Safety Authority, says that the containment vessel surrounding the No. 2 reactor at Japan’s Fukushima Dai-ichi nuclear complex is “no longer sealed“.

#3 Radiation levels in Tokyo are already 10 times above normal levels.

#4 Reuters is reporting that some residents of Tokyo are already starting to flee the city.

#5 Radiation levels in one city north of Tokyo, Utsunomiya, were recently reported to be 33 times above normal levels.

#6 Radiation levels in the city of Saitama have been reported to be 40 timesabove normal levels.

#7 According to Japanese Prime Minister Naoto Kan, the “possibility of further radioactive leakage is heightening.”

#8 The Japanese government is admitting that radiation levels near the Fukushima Dai-ichi complex are very harmful to human health.

#9 According to the World Nuclear Association, exposure to over 100 millisieverts of radiation a year can lead to cancer. At this point the level of radiation being measured right outside the number 4 reactor at the Fukushima Dai-ichi complex is 400 millisieverts per hour.

#10 A U.S. Navy crew that was assisting in relief efforts was exposed to a month’s worth of nuclear radiation in just a single hour.

#11 According to the U.S. Navy, low levels of radiation have been detectedat their bases in Yokosuka and Atsugi.

#12 The USS Ronald Reagan recently detected significant levels of radiation 100 miles off the Japanese coast.

#13 The operator of the Fukushima Dai-ichi complex has pulled out 750 of the 800 workers that were working at the facility.

#14 The French embassy in Tokyo is advising French citizens to leave the city.

#15 The German embassy in Tokyo is advising all German citizens to leave the country entirely.

#16 German technology company SAP is evacuating their offices in Tokyo.

#17 Austria has announced that it is moving its embassy from Tokyo to Osaka due to fears about the radiation.

#18 Finland is urging all of their citizens to leave Tokyo.

#19 The Czech military is sending planes to Japan specifically to evacuate the Czech Philharmonic Orchestra.

#20 Air China is canceling many flights to Tokyo.

#21 The Chinese Embassy has announced that it will be evacuating all Chinese citizens from the Miyagi, Fukushima, Ibaraki and Iwate prefectures.

#22 Russia is making preparations to evacuate civilians and military unitsfrom the Kuril Islands.

#23 Physicist Frank von Hippel recently told the New York Times the following about this disaster: “It’s way past Three Mile Island already”.

#24 The president of France’s nuclear safety authority says that this crisis is now almost as bad as Chernobyl was….

“It’s clear we are at Level 6, that’s to say we’re at a level in between what happened at Three Mile Island and Chernobyl.”

#25 There have been reports of extremely high radiation at another nuclear facility in Japan. It has been reported that at the Onagawa nuclear plant radiation that is 700 times the normal level was detected at one point.

#26 One anonymous senior nuclear industry executive told The Times Of India that Japanese power industry managers are “basically in a full-scale panic” and that “they don’t know what to do”.

#27 It is also being reported that there were over 600,000 spent fuel rodsstored at the Fukushima Dai-ichi complex. Most of these rods were apparently stored near the top of the 6 reactor buildings. There have already been major explosions at three of those buildings. It is now feared that there is now nothing to prevent many of these spent fuel rods from releasing radiation into the atmosphere. That is really, really bad news.

So is there a threat that nuclear radiation from Japan could reach the United States?

Well, actually everyone agrees that radiation could reach the United States. The controversy is whether or not it will be enough to be harmful to human health.

The Nuclear Regulatory Commission is admitting that it is “quite possible” that nuclear fallout from this disaster could reach the United States. In fact, Nuclear Regulatory Commission spokesman David McIntyre says that there could already be radiation from Japan over America….

Right now it’s quite possible that there could be some radiation floating over the United States.

But most government officials in the U.S. are insisting that there is “no threat” to the health of American citizens from this crisis at this point.

So how would nuclear radiation from Japan get transported to the United States?

Well, if radiation released by a damaged nuclear reactor got up into the jet stream, the first major land mass that it would encounter would be North America. In fact, the jet stream commonly takes air from over Japan directly over the west coast of the United States. The following video demonstrates this fact beautifully….

So is there any reason for those of us living in the United States to be concerned?

According to the Japanese government, the U.S. government and the mainstream media there is not.

But do you believe them?

The truth is that they seem much more concerned with keeping the public calm rather than telling the public the truth.

Radiation levels are increasing all over northern and central Japan. People are starting to leave Tokyo and other major cities in the region. Foreign governments are evacuating personnel. Fires continue to erupt at the Fukushima Dai-ichi complex. The authorities in Japan seem to have no idea how to solve this crisis.

If even one of those damaged nuclear reactors fully melts down it is going to be a complete and total nightmare. If you live in an area that could potentially be affected by nuclear radiation from Japan you might want to start figuring out how you and your family are going to handle this crisis’

Hamas says Israeli fighter jets bomb facility in Gaza, killing 2 Palestinians [ War crimes nation israel keeping america looking bad in the Mideast, when defacto bankrupt america can least afford it. ] Washington Post - GAZA CITY, Gaza Strip - Israeli fighter jets pummeled a Hamas security facility in the Gaza Strip on Wednesday, killing two Palestinian civilians / freedom fighters and wounding four, officials in the Palesinian coastal ... Two killed in Israeli air strike on Hamas compound in Gaza Jerusalem Post Palestinians: Three killed in Israel air strike on Gaza Ha'aretz

VIDEO: EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good reason in Afghanistan, etc., I have been at a loss to understand why they are not blasting the skinnies out of the water, along with bombing the skinny-places of refuge! ]

Drudgereport: `DESPAIR TURNING TO ANGER...`
`'We're Very Close Now to the Point of No Return'...`
`U.S. Officials Alarmed By Japanese Handling of Crisis...`
`Life Among the Ruins...`
`AP... BBC... KYODO... NHK... REUTERS...US, JAPAN SPLIT ON NUKE DANGERDebt Jumps $72B Same Day House Votes to Cut Spending $6B...`
`Tiny tim geithner to Congress: More Debt, Please...OBAMA SETS WEEKEND IN RIO!`
`Family will take in the sights...`SPRING BREAK: Obama the invisible; Anti-leadership amid world crises … [ wobama’s presidency is over, he should be impeached / removed from office ! ] ... VIDEO: T_rump Says He'll Spend $600 Million on Prez Run… dreamin’, schemin’, to no avail … even this mobster’s bribes couldn’t put him over the top … he’s a joke, a lightweight, and a loser! And, from the nation’s foremost drains, sinkholes, corrupt / mob infested new york / new jersey (he and his corrupt sister judge maryanne should be in jail – Jerry Springer would make a more serious candidate, and that also would be a joke; but at least Springer pioneered that mindless entertainment genre and is intelligent.)... RACE TO SAVE CORE...
`LATEST: Japan Now Using Helicopters to Dump Water on Smoking Reactors...`

Marc Faber On The Japanese Disaster, On A 20% Market Correction And On QE18 Marc Faber appeared earlier on CNBC in response to a plunging market, and gave his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). Tyler Durden Zero Hedge March 15, 2011 ‘Marc Faber appeared earlier on CNBC in response to a plunging market, and gave his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). “We may drop 10 to 15 percent. Then QE 2 will come, (then) QE 4, QE 5, QE 6, QE 7—whatever you want. The money printer will continue to print, that I’m sure. Actually I made a mistake. I meant to say QE 18.” Faber was modestly constructive on the Japanese selloff, which at one point hit 18% down in overnight futures trading: “This huge selloff is an investment opportunity in Japanese equities, but if a meltdown occurs then all bets are off.” As usual, there is no love loss between Faber and the Chairsatan (recall that today’s Empire Manufacturing survey confirmed margins continue to be crushed due to surging input costs): “I think Mr. Bernanke doesn’t know much about the global economy but he probably watches the S&P every day.” And on Fed criticism: “”Until very recently the Feds have had very few critiques, very few people criticized the Fed’s policies under Mr. Greenspan and Mr. Bernanke. Over the last few months, a lot of critical comments have come up about the Fed and its money-printing habit. The S&P drops 20 percent (and) all the critics will be silent and they will all applaud new money-printing.” No fear of that here: Zero Hedge has been rather vocal in our opinion of the world’s most destructive central planning buro from day one. We will continue being so, regardless how low the S&P plummets… Perhaps even to its fair value south of 500.’

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

Poll: Support for Afghan war waning (Washington Post) [ Waning? When have these nation-bankrupting, perpetual war policies been other than ‘waning’, except among the zionists, neocons, war criminals, military industrial complex, war profiteers, etc.. It was opposition to these perpetual war policies that got ‘wobama the b’ (for b*** s***) elected, only to be revealed for the blatant liar / fraud that he truly is. ]

Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b* s*) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: `City Lowers Police Testing Standards Because Not Enough Blacks Passed...` `Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters...` `Golf in the afternoon...` ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.”

This is the grim economic reality http://albertpeia.com/grimreality.htm . This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Saudi troops intervene in Bahrain (Washington Post) [ This most assuredly is exactly that; viz., a ‘declaration of war’. And, as importantly, the militant / transgressor is hardly a righteous player but rather a self-interested, totalitarian, family plutocracy whose actions cannot be supported by any criteria heretofore promulgated precluding same. Saudi police open fire at protest (Washington Post) [ Time to revoke the saudi pass to do whatever please owing to their preposterous claim to all the oil wealth of the entire Saudi nation. 16 miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they are… with a microscope at that. Saudis Worried Protests Will Hit Home - saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so For the sake of the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect; far less than democratic and far more deadly in the mideast among other places; talk about hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation as the saudis; time for the saudis to go the way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video: Bahrain protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. [`SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK'`] Opposition calls move to shore up monarchy and quell protests a “declaration of war.”

Store shelves empty even outside disaster zone as panic buying grips Japan (Washington Post) [ I think the term ‘panic-buying’ with its connotation of ‘overreaction’ is a misnomer and misapplied to this unprecedented catastrophe. I further believe that the magnitude of the fallout, literally and figuratively, economically and otherwise, cannot be overstated in being far more dire in negatively impacting already dour global economic prospects. ] TOKYO - Canned goods, batteries, bread and bottled water have vanished from store shelves and long lines of cars circle gas stations, as Japan grapples with a new risk set off by last week's earthquake, tsunami and ensuing nuclear crisis: panic-buying.

Controversey Over Bonuses (Washington Post) : I think an appropriate bonus for anyone on capital hill is an all-expenses-paid trip to ………… JAIL! Fed meets as risks widen; policymakers aim to guard against inflation while fostering growth (Washington Post) [ Come on! Let’s not kid each other! The fed’s failed on both counts, continuing the policies of failure ushered in by the senile greenspun… This is the grim economic reality http://albertpeia.com/grimreality.htm . This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come! … Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds? Well, PIMCO just voted with their feet (they’re out of them) … Japansunami will preclude same (note: despite the dire implications for defacto bankrupt america owing to their costly reconstruction preoccupation … market suckers’ rally into the close and off the lows to keep investors suckered … you can do such things, especially into the close, with those computerized high frequency trade programs which are great for generating commissions from the old ‘in-out, in-out’, and then some … these days like last crash / crisis are made for such frauds.) … don’t go looking to china to take more baths, especially with that recent trade deficit of theirs. The answer is no-one! And, one can begin to see the fed’s reluctance to alow proper scrutiny of their books ( technically ‘insolvent’ but printing ever more worthless paper); beyond their complicity in the massive wall street frauds cashed out with their help, there’s the worthless ‘paper on paper’ debacle just around the corner. ] WASHINGTON - The Federal Reserve meets Tuesday at a time of widening economic risks: higher oil and food prices; unemployment near 9 percent; crises in the Middle East and Japan.

Operators struggle to stabilize nuclear plants Attempts to cool Fukushima Daiichi reactors have failed (Washington Post) [ ‘China Syndrome’ … now being third after China, economically speaking, is the least of Japan’s worries. While never really giving it much thought, though seemingly 20/20 hindsightish (it’s really not), I always assumed now admittedly unrealistically, that nuclear plants were built in nonearthquake-prone-zones. Clearly, that’s not the case in Japan and I all but wonder where else. ] Some 170,000 evacuated, 160 possibly exposed; other facility declares state of emergency.

Monday's Correction: Now That's a Black Swan Tradermark ‘The seemingly widespread issues with nuclear plants in Japan are certainly not something one typically has to deal with in the market. Generally you expect media to overplay things, so after the quake Friday, it has been a surprise to see the nuclear situation getting seemingly progressively worse as each day passes, so we definitely have this affecting sentiment. Japan fell over 6% overnight, and U.S. markets are at fresh lows as this mini 'black swan' overwhelms the normal Monday morning garbage. [chart] I said Friday it would actually be in the bears' interest for a rally to work off some of the oversold condition, and then we'd (in a normal market) see another leg back down. Certainly due to the news, we did not get more than a 1 day bounce - but this is how sell-offs usually occur. While still prone to news which can herk and jerk us around, this market definitely now seems to be in correction mode with the S&P 500 quickly fading back the 50 day. One could make bets against the index with the 50 day as your ceiling. Usually a real correction begins with everyone thankful there is a "buying opportunity" but ends when people feel actual consternation. Right now, almost everyone is just thankful they have a chance to get in, hence I'd think there is more downside ahead from a sentiment standpoint.’

Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds? [ Well, PIMCO just voted with their feet (they’re out of them) … Japansunami will preclude same (note: despite the dire implications for defacto bankrupt america owing to their costly reconstruction preoccupation … market suckers’ rally into the close and off the lows to keep investors suckered … you can do such things, especially into the close, with those computerized high frequency trade programs which are great for generating commissions from the old ‘in-out, in-out’, and then some … these days like last crash / crisis are made for such frauds.) … don’t go looking to china to take more baths, especially with that recent trade deficit of theirs. The answer is no-one! And, one can begin to see the fed’s reluctance to alow proper scrutiny of their books ( technically ‘insolvent’ but printing ever more worthless paper); beyond their complicity in the massive wall street frauds cashed out with their help, there’s the worthless ‘paper on paper’ debacle just around the corner.]

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

The markets technically are at critical junctures right now. Stock prices are at the point of very possibly getting squeezed to an upside breakout as some have forecasted, and to a downside breakdown as some others, including me, have forecasted (not to mention what the market is showing currently). I don’t see fundamental, technical or sentiment information supporting higher stock prices right now; rather, technical fundamental analysis -- and even more importantly, sentiment indicators -- are showing that the market is heading lower before heading higher again.

I would also suggest that the major index support levels I’ve listed below may not hold either, with more downside from these levels longer-term. Below are more reasons to be at least cautious and/or short-selling right now.

March 14, 2011 Major Index Price Support Forecasts

DJIA – 11,839.93 to 11,485.37

S&P 500 – 1,227.95 to 1,156.06

Nasdaq – 2,557.06 to 2,382.12

Is the Bear Market Back? Reasons to be Cautious

Oil and Stock Prices

Oil prices fell on Thursday and Friday, as did stocks. Lower oil prices help global growth, and higher oil prices slow it down. Seems to me the oil market is saying if global growth slows down due to high oil prices (or any other number of economic problems), it won’t support oil prices at these levels for very long. In my opinion, I don’t think global growth can handle oil at prices above $100 plus for very long; if so, oil demand destruction will set in eventually, causing lower global growth, and eventually lower oil prices to match up with that growth. Deflation first, inflation later -- as I’ve always said.

Global Broad Market Sell-Off

The sell-off last week was a global broad market sell-off. The global markets have been on an uptrend for the last two years. From my perspective, it’s been a bear market rally from the October 8, 2007 market top to the March 2, 2009 low, especially in the U.S. and Europe. Asia and the other emerging markets are now almost in lockstep with the developed markets, showing that what affects the major countries of the world affects the rest of the emerging growing world too.

Even the higher growth rates of the emerging markets don’t necessarily mean higher stock prices in those markets. I’ve yet to see different markets decouple for a sustained period of time. They always seem to follow the broad global markets in the long term, no matter what their good and bad news is.

European Union Sovereign Debt Problems Still There

Europe financial skeletons in the closet are making noise again, with Moody’s (MCO) Spain debt downgrade and the entire ECB sovereign debt problems re-awakening with the recent news. It seems the financial markets forgot about this very serious debt issue unfolding, and it's not over with yet in Europe. I suggest the same is coming for the U.S. eventually as well. It’s going to take years to clean up the sovereign debt mess, with some of those countries possibly ending up in default.

China’s Surprise Jump in Trade Deficit

China’s increasing trade deficit is another worry for the global economy. China had an unexpected $7.3 billion trade deficit report last week. China continues trying to slow down its economic growth. A friend of mine in China who’s not a financial analyst says it’s only a matter of time before the China real estate market in the metro areas declines much more. China real estate prices and rent in China's cities are “crazy” in relation to earnings, he says, and if there is a China and/or global slowdown, he sees China real estate prices and rent heading much lower.

If this happens, it could put a big squeeze on the Chinese government, the Chinese banks that hold the debt, and the economy as a whole. Famous short-seller Jim Chanos might just get his wish of a bigger China selloff. I don’t like the idea of short-selling China myself, but I wouldn’t be buying just yet either.

2009-10 Stock Price Rebound: Too Far Too Fast

The rebound in stock prices over the last two years has been too far, too fast compared to the actual economic growth in the same time period -- which is still the same as it was three years ago. With the severe sell-off that the market saw during 2007-08, it’s normal to have a rebound back to test the sell-off breaks which are now major resistance levels. The market is at those major resistance levels now. Because of this, I see at least near-term downside pressure on stock prices, and longer-term price downside if the bigger picture long-term fundamental issues don’t get worked out fast enough to support sustainable long-term economic growth.

Priced for Perfection?

The markets are showing more high-risk low-reward conditions now from my technical analysis. The market is showing no margin of safety in case the bulls are fundamentally wrong, which I think they are. The U.S. market seems to be priced for perfection, with the bears in hiding after this two-year bull run in the markets. I remind all the bulls that buying into a breakout after an already extended bull run can easily end up in a fake-out break-out, trapping new long positions. I think professional money managers know this well, suggesting more selling is to come. Retail investors take note and use caution taking on any new "buy long" positions here.

Over-Valued Market Valuation Now?

Market over-valuation is here with the S&P500 dividend yield below 2%, and cyclically-adjusted earnings at 24 times compared to the 16 times historical average. I suggest looking at earnings estimate revisions from Zacks Investment research for the best individual stock opportunities in the markets right now. Most stocks follow the broad market, but a select few buck the broad market. Zacks Ranks Earnings Revisions can help you to select stock by stock picks.

Analysts' earnings estimate revisions can go up and down with the psychology of the time, so your due diligence is crucial at this time. With the market prices up these last two years, some analysts have been increasing their company earnings estimates. The reality is that earnings estimates and their revisions can skew the analysis of any company with a false sense of future price performance confidence. Buying in on positive earnings estimate revisions and or real earning report increases is not necessarily a guarantee of increasing stock prices, so be careful.

Amateurs Want To Be Right and Professionals Want To Make Money

The retail public has been buying more stock this last year, which is another possible sell indicator. History has shown in the past that the public gets in and out of stocks at the wrong times, buying near the tops and selling near the bottoms.

Here’s the difference between an amateur armchair retail investor trader and a professional one: Amateurs want to be proven right most of the time. They will take huge drawdowns in an attempt to prove themselves right on a stock buy. Once they’ve taken more drawdown than they can handle financially and mentally, usually 50% or more, they throw in the towel and admit defeat.

Professionals, on the other hand, understand losses are a part of the game, and have a system to deal with increasing losses. It’s called stop-loss. Depending on the stock, and its volatility, the stop-loss amount to admit defeat and save your investment trading account is 8% loss per stock from the purchase price, even if it’s a blue-chip. Stop-loss is a tool to effectively manage money in the markets. Professionals use stop-loss, and retail investors need to use it more if they want to save their accounts.

Record Insider Selling Lately

Insider selling during the fourth quarter 2010 hit multi-year highs. Since then, insider selling has stayed strong. Insider selling or buying is not a standalone surefire way of knowing where the price of a stock is going, but there’s no one who better knows about a company’s future earnings prospects than its board of directors. If they are selling, and especially selling in big blocks, you should be paying attention, and very possibly selling too. You can always buy back the stock at any time.

Fundamental and Technical Analysis? Review the Current Market Sentiment Even More

Notice that what I’m citing is not just all about fundamental or technical analysis, but also involves a very important aspect of the markets: Sentiment or market psychology.

Money managers are saying it’s all "bull bull bull" again. Well, of course. If they don’t, they might be out of a job if the redemptions empty the mutual fund they're managing. With everyone a bull again, that’s one indicator to possibly be ready to move to the other side -- and fast -- in case the market tips too heavily to one side for too long. When everyone is leaning to one side for a sustained period of time, it might be prudent and very profitable for you to start reviewing the option of moving to the other side before everyone else does.

If you are fortunate to see a reversal opportunity, and take a reversal position, and then the reversal moves in your direction, it can be exponentially profitable with the reward-risk ratio very large in your favor, meaning the stop-loss to the "take profit" areas of the trade are extremely favorable. Reward-risk ratios of 3:1-plus are great.

In a market like this right now, some of the reward-risk ratios to the short-sell side may be approaching 5:1 to 15:1. Remember, successful investing and trading is about knowing what price you’re entering at, your stop-loss price you will exit at (with a small loss in case the position goes against you), and your take profit target areas to book a profit. This is total trade entry and trade management to be successful long-term in investing and trading the markets.

Investing and trading without a system is a plan for failure. If you want to succeed in the markets long-term, learn and manage your investing trading systems on a regular consistent basis.’

Buying Power Wasted?: Dave's Daily ‘It's ~~probably~~ not a good time for humor. I just wonder what was behind the immediate bounce higher off the opening gap lower Tuesday. Certainly it wasn't from any shred of good news. Oh wait, oil prices dropped and many believe the Fed will print money forever while keeping interest rates low. Further, markets were sharply short-term oversold right from the opening bell. Okay, I get it now. Still, you must wonder if buying power was wasted. Rumors dominate markets. One asserts the Japanese will shutter markets for the week because of margin calls. EWJ (iShares Japan ETF) actually closed green today. Why? Perhaps if the markets closed some can work some arbitrage just as done when Egypt markets were closed. The outcome of the nuclear mess in Japan remains influx with more earthquakes and radiation spreading. We are also witnessing the collapse of western and U.S. diplomacy. Gaddafi is going to win. He was a terrorist but then became a friend of sorts. When the violence was at its peak, western powers told him to leave. He didn't and now he looks to win and we look stupid since, what do we do now? Send Hillary over to have a nice chat with him? Next, Saudi Arabia invades Bahrain and the U.S. was uninformed. What's up with that? There was some economic news from the Empire Manufacturing report which was positive only if you didn't look at the inflationary prices paid component. The Fed also weighed-in with their interest rate report which came in as expected. The dollar was slightly lower, while commodities overall were sharply lower as investors fled risk and moved to the sidelines or bonds. Suffice it to say, this is a tough market to navigate. Volume was the heaviest we've seen in a long time and opening trades may have been a wash-out but it's too early to say. Breadth per the WSJ was decidedly negative. ‘

Damage Assessment - How Low can Stocks Go? Maierhofer ‘Simon Maierhofer, On Tuesday March 15, 2011, 6:08 pm EDT

Before we talk about how bad things could get and the key support level that may make the difference between correction and meltdown, I'd like to say a word about the Japan and the media.

Some people are news junkies, I am a headline junkie. Scouring headlines provides a quick read on the nations sentiment. Whether headlines are a reflection of national mood, or shape the national mood, that is a subject for another day.

Thinking about what happened in Japan puts things in perspective for many of us. There is more to life than analyzing the market's every move. The media vividly portrays the damage and heartbreak of a ravaged country.

Let's remember that even when the media moves on to the next hot topic, there remain many victims that need our support. At one point the media will forget about Japan as it did about Haiti, Chile, and Indonesia, but that doesn't mean that the suffering has miraculously been wiped away. Our support is needed even more so once the media loses interest.

Damage Assessment

No doubt the events transpiring in Japan (NYSEArca: EWJ - News) have put stock markets around the world on a fast track to lower prices. Japan's Nikkei 225 futures have fallen from 10,900 a few weeks ago to as low as 8,400, a 23% drop.

The iShares MSCI EAFA Index ETF (NYSEArca: EFA - News), a barometer of developed markets around the world, had dropped from 62 to 55. The loss in the iShares MSCI Emerging Markets ETF (NYSEArca: EEM - News) has been contained to 10% or less.

Even U.S. investors spoiled by the Fed's loose monetary policy have come to find out that the major U.S. indexes a la Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) can (and will) actually move in both directions.

Speeding up the Inevitable

Let's not forget that the U.S. stock market was in correction mode even before the earthquake hit Japan. On Thursday, March 10, the S&P closed at 1,295. On Friday, March 11, the first post-earthquake trading day, the S&P actually was up and closed at 1,304. The events in Japan may have accelerated the stock sell off, but they weren't the only cause. There were a number of subtle (by Wall Street standards) but obvious (by contrarian standards) red flags in the middle of February.

On February 8 with the S&P at 1,325, the ETF Profit Strategy Newsletter examined the environment of exuberant bullishness. The medias conclusion (see headlines below) was so obvious: Higher prices ahead:

Reuters: Fed more Confident in Recovery

AP: Investors Return to US Stock Funds in January

CNBC: S&P will Rise 60% by 2013

Kiplinger: 10 Signs the Economy is on the Upswing

The ETF Profit Strategy Newsletter offered this advice and recommended short ETFs: 'How often in the past have we seen the old adage if it's too obvious, it's obviously wrong' have the last laugh? Now is not the time to be complacent, it's the time to evaluate shorting strategies and other defensive measures.'

How Bad Can it Get?

There've been a number of major earthquakes in the past decade. Following the December 26, 2004 earthquake off the coast of Sumatra, the U.S. stock market declined about 4%.

The January 12, 2010 earthquake in Haiti did not immediately affect the stock market. However, starting on January 19, U.S. stocks declined about 10%.

Even though the death toll of both earthquakes was larger than in Japan, the economic impact of the Japan quake outweighs anything previously recorded.

In terms of economic impact, hurricane Katrina might be the closest comparison there is. Hurricane Katrina struck Louisiana on August 29 and cased an estimated $81 billion in property damage.

Stocks rallied the ten trading days following August 29, declined about 5% thereafter and continued their run to the 2007 all-time highs.

Admittedly, based on a small sample, natural catastrophes are not necessarily bearish for U.S. stocks.

Technical Damage Assessment

The risk in U.S. stocks comes from bullish sentiment extremes, valuations, and a decoupling between facts and reality. In addition, there is a giant bearish head and shoulders pattern (ideal upside target not quite met yet) and a trend line that has contained the Dow Jones for most of the past 80 years.

On February 18, the ETF Profit Strategy Newsletter identified this trend line (at the time running through Dow 12,400) as major resistance. The Dow came within 9 points before reversing sharply.

In terms of technical analysis, S&P 1,275 is important support/resistance. As of Tuesday mornings stocks have recovered some of their overnight losses and are once again above 1,275. The 50-day moving average is at 1,302. It remains to be seen whether stocks have enough strength to rally that far.

Thus far key structural support below 1,275 has been maintained and the potential for higher prices has not yet been eliminated. However, the reaction to Japan's woes (remember how the market shrugged of European financial defaults and Middle East unrest) might indicate a larger change of trend…’

U.S. Stocks in Red, Though Markets Cut Early Losses Amid Fed Optimism Midnight Trader ‘4:18 PM, Mar 15, 2011 --

NYSE down 101.82 (-1.2%) to 8,092.14
DJIA down 137.74 (-1.2%) to 11,855
S&P 500 down 14.52 (-1.1%) to 1,282
Nasdaq down 33.64 (-1.3%) to 2,667

GLOBAL SENTIMENT

Hang Seng down 2.86%
Nikkei down 10.55%
Shanghai Composite down 1.4%
FTSE down 1.35%

DOWNSIDE MOVERS
(-) XOM followed broader market lower; upgraded at Goldman Sachs amid several energy sector analyst moves.
(-) GE defending nuclear design.
(-) NOK down as Samsung reportedly trying to poach Symbian engineers, while Nokia Siemens looks to restructure deal.
(-) URRE among several uranium stocks tumbling.
(-) INTC downgraded.
(-) NVDA downgraded.
(-) CRZO misses with preliminary results.

UPSIDE MOVERS
(+) WSM reports profit rise and hikes dividend.
(+) YGE, STP, FSLR, APWR, JASO all gain as alternative energy shares among rare gainers as future of nuclear power cloudy.
(+) CLBI continues sharp Monday upside on prospects for radiation treatment.

MARKET DIRECTION

U.S. stock averages finish lower, part of a global equity sell off that comes amid much uncertainty for the post-quake nuclear situation in Japan. Still, U.S. stocks wrapped trading well off the day's lows, lifted in part by positive investor reaction to the latest Federal Reserve meeting statement. Crude futures closed down 4% at $97.18 a barrel.

Weakness was widespread around the sectors, with insurers leading financials lower. Tech and industrials are mostly lower. Alternative energy stocks are gainers.

Japanese Prime Minister Naoto Kan warned of a "substantial" radiation leak as the effects of last Friday's earthquake and tsunami grew grimmer. A new blast and fire rocked a nuclear plant where workers were already trying to avert meltdowns in three reactors.

Japan's Nikkei fell over 11%, its worst drop since 2008's financial crisis. The rest of Asia slumped. European and Canadian shares fell.

But the Fed took some of the attention off Japan in afternoon trading. The U.S. central bank's Federal Open Market Committee said any rise in commodities-linked inflation would be "transitory." The Fed said it would "pay close attention to the evolution of inflation and inflation expectations."

The Fed was more upbeat about the economic outlook, saying the economy was on firmer footing and conditions in the labor market "appear to be improving gradually."

The FOMC kept the key lending rate in a range between zero and 0.25%, where it has stood since December 2008. The central bank also made no changes to its $600 billion program of Treasury purchases. The Fed statement made no mention of the crisis in Japan.

In the economic data earlier in the day, the Empire State index rose to 17.5 in March from 15.4 in February. This is the fourth straight increase and the highest level of the index since last June. The gain was a bit less than expected. Also reported, U.S. February import prices jumped 1.4%, driven largely by a 3.7% rise in fuel.

In company news:

Texas Instruments (TXN) disclosed yesterday that after a preliminary assessment, its manufacturing site in Miho, Japan, about 40 miles northwest of Tokyo, suffered substantial damage during last Friday's 9.0 magnitude earthquake.

ADRs of Swiss pharma giant Novartis (NVS) are down even as the company said an experimental drug for the treatment of myelofibrosis, a rare form of blood cancer, met the goals of a late-stage study, which should pave the way to file the drug for regulatory approval in the second quarter.

Former Walt Disney Co. (DIS) CEO Michael Eisner joined the board of IAC/InteractiveCrop (IACI), the Internet company that is controlled by Barry Diller, The Wall Street Journal reports. Diller had originally hired Eisner at Disney, the report noted. Eisner served as the CEO of Disney for about 20 years.

General Electric Co. (GE) is defending the design of the now-stricken reactor it supplied to Japan 40 years ago, saying its containment system is safe and reliable, The Wall Street Journal and other news outlets report.

Capital One Financial Corp. (COF) said charge-offs fell across the board in February as delinquencies were mostly reduced. U.S. charge-offs - loans banks don't think they will be able to collect - declined for the third straight month. The metric had fluctuated in the latter part of 2010 after mostly dropping early last year.

Net charge-offs in February fell to 5.91% from 6.79% a month earlier at Capital One's U.S. card business and declined to 5.42% from 5.72% internationally, according to a filing with the Securities and Exchange Commission. Auto-finance charge-offs dropped to 1.97% from 2.62%.

Bank of America (BAC) cut 100 jobs from its consumer and small-business banking units, The Wall Street Journal reports. The bank also intends to shutter 10% of its branches over the next few years. Bank of America shares are down 2.6%, or $0.37, to $13.86.

Hewlett-Packard (HPQ) Chief Executive Leo Apotheker is planning to push deeper into software and the growing market for cloud computing, Bloomberg reports. At an event in San Francisco, Apotheker said that the company is starting a cloud computing service that allows developers to create applications, the report said.

SunPower (SPWRA) says Japanese suppliers have indicated that, while certain operations are currently disrupted due to infrastructure issues, they have not sustained major damage to facilities.

In earnings news:

-DSW (DSW) reports Q4 EPS of $0.41, up from $0.30 a year ago but below the Street view of $0.44 per share. Sales were $468.5 mln, up from $402.6 mln last year, and ahead of the Street view of $445 mln. For 2011, the company is forecasting EPS in the range of $2.60 to $2.75 per share. The Street is at $2.70 per share.

-China Sky One Medical (CSKI) says Q4 sales fell 10.2% to $26.8 million from a year ago. Non-GAAP EPS fell to $0.21 from $0.47 a year ago. The company said results were in line with its expectations.

-Williams-Sonoma (WSM) reports Q4 revenue of $1.195 bln, ahead of the analyst consensus of $1.186 bln on Thomson Reuters. EPS was $1.08, vs. expectations of $0.98 per share. For Q1, the company is guiding for revenue in the range of $745 to $765 mln, vs. Street estimates of $749 mln.’

The Unbearable Lightness Of TARP Reporting The Daily Bail | Credit markets were NOT “frozen” during the crisis.

Stocks nosedive on panic selling over nuke crisis JapanToday | Tokyo stocks tumbled further Tuesday, with the Nikkei index shedding more than 14 percent at one point on panic selling.

The Rule of Gold After The Financial Collapse Activist Post | In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

World Stocks, Oil Slump on Japan Nuclear Fears World stocks hit 2-1/2 month lows on Tuesday and oil fell and the yen surged after reports of rising radiation near Tokyo triggered a 10 percent fall in Japanese stocks, hurting risky assets across the board.

Japan’s Nikkei plunges 11 percent on radiation fears, sending global markets into a tailspin Japan’s stock market nose-dived nearly 11 percent, leading world markets sharply lower on Tuesday, as an escalating nuclear crisis threatened to compound the devastation from last week’s earthquake and tsunami.

14 Reasons Why The Economic Collapse Of Japan Has Begun The economic collapse of Japan has begun. The extent of the devastation is now becoming clear and many are now projecting that this will be the most expensive natural disaster in modern human history.

ECONOMIC CRISIS ARCHIVE

National / World

Alert: Fukushima Coverup, 40 Years of Spent Nuclear Rods Blown Sky High Paul Joseph Watson and Kurt Nimmo | More than 600,000 spent fuel rods on site, ready to burn and enter the atmosphere.

Alarm Over Spent Fuel Rods Threatens “Chernobyl on Steroids” Perhaps the most underreported and deadliest aspect of the three explosions and numerous fires to hit the stricken Fukushima nuclear reactor since Saturday is the fact that highly radioactive spent fuel rods which are stored outside of the active nuclear rod containment facility are likely to have been massively compromised by the blasts, an elevation in the crisis that would represent “Chernobyl on steroids,” according to nuclear engineer Arnie Gundersen.

Japanese PM Attempts to Calm Nation as Massive Radiation Spreads Tokyo Electric Power Company, in collusion with the Japanese government, is deliberately misinforming and thus endangering the people of Japan, the surrounding region, and eventually the United States and other countries that may be downwind from the Fukushima Daiichi nuclear plant.

New Fire Hits Number 4 Reactor At Fukushima AFP is reporting a new fire at the number four reactor at the Fukushima Daiichi nuclear plant. Flames are rising from the reactor, AP reports.

U.S. Government Blocking Americans From Obtaining Potassium Iodide? U.S. health authorities could be blocking Americans from obtaining the radiation-fighting drug potassium iodide, even as the threat of a radioactive cloud from the stricken Fukushima nuclear plant affecting the United States prompts panic buying, which has led to stocks of the drug running out across the country.

Panic Buying: Stocks Of Potassium Iodide Exhausted In U.S. We are getting numerous reports from readers that stocks of potassium iodide, which is used to protect the body against the effects of nuclear fallout, are completely sold out across the United States. Checks of health supplement websites in the U.S. also confirmed that stocks are completely exhausted.

Mass Evacuations Begin From North East Of Japan, Tokyo As the scale of the nuclear disaster unfolding at the stricken Fukushima’s nuclear plant begins to be finally realised, despite the Japanese government’s continued underplaying of the situation, mass evacuations are are underway with people fleeing Tokyo and North Eastern areas of the country in order to avoid a toxic cloud of radiation heading their way.

Radioactive Winds Head Towards Tokyo As Some Flee Capital With Japanese authorities confirming that the third blast at Fukushima’s stricken nuclear plant caused radioactive particles to be released directly into the atmosphere, localized winds are blowing the radiation towards Tokyo, causing many to flee the capital, but the longer term trajectory of upper atmosphere prevailing winds will still send any potential radiation cloud towards the U.S. west coast.

U.S. Government Blocking Americans From Obtaining Potassium Iodide? Paul Watson | U.S. health authorities could be blocking Americans from obtaining potassium iodide.

Radio France Pulls Staff From Japan Over Radiation Fears Radio France decided Tuesday to pull out staff dispatched to cover the major earthquake in Japan, following a series of accidents at a Japanese nuclear power plant, a public relations official told Kyodo News.

Airlines start cancelling flights to Tokyo Lufthansa, Europe’s biggest airline group by revenues, has cancelled flights to Tokyo’s main international airport of Narita as Japan’s nuclear crisis deepens.

U.S. Navy: Low-level radiation detected at some Tokyo-area bases The Navy said very low levels of airborne radiation were detected Tuesday morning at greater Tokyo-area bases in Yokosuka and Atsugi, prompting commanders to direct base residents to remain indoors as a precaution.

Qaddafi Retaking Libya Tony Cartalucci | It appears Colonel Qaddafi has begun retaking Libya from globalist-backed rebels.

Panic Buying: Stocks Of Potassium Iodide Exhausted In U.S. Paul Joseph Watson | Health websites sold out, readers struggle to find radiation-fighting pills anywhere.

Japan braces for potential radiation catastrophe Reuters | Spent nuclear fuel was exposed to the atmosphere.

Violent Protests Across Yemen, 3 Soldiers Dead Reuters | Scattered clashes broke out across Yemen on Monday.

Fuel rod fire at Fukushima reactor “would be like Chernobyl on steroids” Kirk James Murphy | Chernobyl’s contamination settled upon people and nations thousands of miles from that reactor’s location.

Drudgereport: BAIL: NUKE WORKERS ABANDON PLANT
Radiation spews into sky -- again...
KYODO: CRISIS HAS 'WORSENED CONSIDERABLY'...
Wind to blow toward Pacific Ocean, America...
U.S. Surgeon General: Get iodide...
AP... BBC... KYODO... REUTERS...

Sudden run on pills...
GOVERNMENTS CALL FEARS UNWARRANTED... Reactor Design Caused GE Scientist To Quit In Protest...
Design in dispute for decades...

FUEL RODS DAMAGED 70 PERCENT...
Roof Cracked After Last Explosion...
Two workers still missing...
SPENT NUKE FUEL POOL MAY BE BOILING...
Helicopters no longer option to cool reactors...

Nuclear blizzard...
Food panic...
Thousands missing, millions short of water – and fear everywhere...
MILLIONS SUFFER FREEZING TEMPS WITHOUT POWER...
Confusion, chaos spreading... WHITE POWDER DISCOVERED AT KENNEDY SPACE CENTER TESTS POSITIVE FOR COCAINE...

AL FRANKEN WARNS: 'THEY'RE COMING AFTER THE INTERNET' … This should be taken very seriously since they know that truth is their worst enemy in light of their nefarious, nation-destroying activities for greed and worse ...

2 Years After the Bottom, the 'Smart Money' Is Selling: "It's a Bit Late to Go Long," Nenner Says Nenner ‘Wednesday's two-year anniversary of the start of the bull market proved anticlimactic as major averages fell slightly. The selling picked up steam early Thursday as renewed concerns about Europe's debt crisis offset any positive impact of falling oil prices.

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by something much worse for the bulls, according to cycle watcher Charles Nenner of the Charles Nenner Research Center.

"I think it's a bit late to go long," Nenner says, suggesting investors should not expect much more upside from stocks. For the near-term, Nenner expects the market to remain within a trading range between 1307 and 1356 on the S&P 500. (The S&P fell below 1307 early Thursday; a close below that level would mean "big trouble," Nenner says in the accompanying video, taped Wednesday afternoon.)

"We don't intend to go short right now," he says...with "right now" being the operative term.

Looking further out, Nenner is sticking with a forecast of "Dow 5000" over the next three years, a call based partially on his view that deflation remains the primary threat, not inflation. (See: Deflationary Hurricane Will Slam Into U.S. Economy, Charles Nenner Says)

"I would challenge people: ‘how do you get to inflation?'," he says, suggesting wage pressures are the key determinant, not food or energy prices or even Fed policy. "What's clear is that wage demands lead to inflation; people want higher wages and then you get an upside spiral," Nenner says. "People are still happy they have a job, so I don't see any wage inflation, so it means there's no inflation" -- at least not in Europe and the U.S.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded here and other venues for some of his prescient calls in recent years, most notably:

-- Forecasting a Dow peak of 14,500 in the summer of 2006.
-- Predicting a "substantial drop" in housing in Aug. 2006.
-- Calling the market top in October 2007.
-- Forecasting in late 2007 a "deflation scare" would occur in 2008.
-- In February 2009, predicted a major rally would start "in a few weeks" and could take the S&P as high as 1000.

But Nenner has had his share of clunkers too, including a forecast here that 2010 would be a grim year for both the economy and the markets. In April 2008 on CNBC, he was bullish about the second half of the year and predicted a return to old highs.

Hopefully Nenner's "Dow 5000" call will be similarly misplaced.

I point out these gaffes not to embarrass or make fun, but to remind viewers that to err is human and everything you see/hear should be taken with a grain of salt...assuming you're not already.

Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at [email protected]’

US Stocks - Is Japan Speeding up the Inevitable? Maierhofer, ‘Japan's Nikkei 225 is down 16% since its February 16 secondary high. Reuters reports that 'Wall Street Dives on Impact of Japan Disaster.' However, Japan's stock market (NYSEArca: EWJ - News) topped before the earthquake, as did the major U.S. Indexes.Is the Japan shock merely speeding up the inevitable or could the bad news actually be part of a bullish 'wall of worry?'Featured below is an article from February 11. At the time the S&P was trading at 1,330. Even though a few weeks old it provides information investors can use to gauge the current down side risk. Updated support levels are provided at the end:
February 11, 2011:If it's too obvious, it's obviously wrong. More often than not, this proverbial Wall Street adage has the last laugh. What's the prevailing consent on Wall Street? What's suspiciously obvious today?

- The Fed is here to help. As long as there's QE2 (or QE3, 4, etc,) prices will go up.

- January was positive. As January goes, so goes the year.

- This is the third year of the Presidential Election Year Cycle. There hasn't been a negative third year since 1939.

- There's no catalyst to send stocks higher.

While Wall Street analysts are trying to one up each other's positive forecasts, the Fear Index, VIX has fallen to a 3 year low. The last time the VIX was at a similar level was in April 2010, just before a literally fear-inspiring 17% correction and the May 'Flash Crash' (see chart below).The ETF Profit Strategy Newsletter didn't subscribe to the prevailing optimism in April 2010 and warned that: 'The message conveyed by the composite bullishness is unmistakably bearish. The pieces are in place for a major decline.'Does that mean that the bottom will fall out again within a matter of days? Not necessarily, but now is certainly not the time to be married to your holdings. Tight sell stops are warranted because any minor correction could turn into a large one. Why?

New Bull Market, or Mother of all Bear Market Rallies?

The devil's in the long-term trend. If we are in a new bull market, any dip would present a buying opportunity. If we are in the mother of all bear market rallies, every rally is a trap and represents a selling opportunity.How can one determine whether we are in a new bull market, or a bear market rally? [chart]It's said that bull markets climb a wall of worry. No doubt there was extreme pessimism surrounding the March 2009 lows. That's one of the reasons the ETF Profit Strategy Newsletter sent out a strong buy signal on March 2, 2009.But pessimism at the bottom doesn't equal a wall of worry. In fact, following the initial bout of disbelief, investors embraced the rally rather quickly. In late 2009, sentiment readings became frothy, in January 2010 they rivaled 2007 extremes (stocks fell 9%), and in April 2010 they exceeded 2007 extremes (stocks fell 17%).About two thirds of the rally from the 2009 lows was accompanied by optimism. This is no wall of worry.

Glass Half Full Outlook

Think about it, even the truly big problems - unemployment and falling real estate prices - were sugar coated from the very beginning. The unemployment problem was charmingly called 'jobless recovery' and falling real estate prices were simply ignored.The Case-Shiller home price index is down four months in a row, but nobody is bothered. A few days ago, MarketWatch ran an article: '10 reasons to be bullish on housing.'Courtesy of the continuing real estate conundrum, the FDIC closed 157 banks in 2010, and 14 thus far in 2011. According to a Wall Street Journal article, the top 10 U.S. owned banks had $13.8 billion in unrealized losses.Those are not reflected in earnings numbers as long as financial institutions (NYSEArca: XLF - News) believe the investment will later rebound. Guess what? Banks are pretty darn sure prices will reclaim their 2006 all-time highs.In addition to the $13.8 billion in unrealized losses, the top 10 U.S. banks owned $360.7 billion in illiquid, hard to value assets (called level 3 assets). While paper earnings appear solid, it appears as if banks are hiding skeletons in their closets. But who cares, stocks (NYSEArca: VTI - News) are up.

Anomaly Explained

Ben Bernanke has openly admitted that asset inflation, or the wealth effect from rising stock prices, is the objective of QE2. Obviously, the money flow from the Federal Reserve over banks into the stock market has been the driving force behind this monster rally.Much of the Fed money has been funneled into commodities. Since QE2, net speculative positions in wheat and copper have doubled, oil soared 115%, soybeans 40% and corn 15%. Rising commodity prices (NYSEArca: DBC - News) are putting the squeeze on lower income Americans and will eventually lower profit margins for the materials sector (NYSEArca: XLB - News).It's quite likely that this ripple effect will spill over into the retail (NYSEArca: XRT - News), technology (NYSEArca: XLK - News), and consumer discretionary sector (NYSEArca: XLY - News). From there it's just a matter of time until it hits the broader Dow (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC).Contrary to its objective, QE2 has also sent interest rates soaring. Higher interest rates tend to encourage the money to flow from equities into bonds. Higher interest rates put pressure on bond and stock prices alike...’

Stocks Rattled by One-Two Punch: Dave's Daily ‘Everything was going along just fine for markets even absorbing Tunisia and Egypt well. But then the contagion continued to Libya, Bahrain, Yemen, Kuwait and so forth. This pushed energy prices higher. Further, even though these MENA [Middle East and North Africa] events may ease, you can rest assured they'll resurface and overhang markets for awhile. The next punch was delivered by Japan's earthquake, tsunami and nuclear reactor issues. Japan, being the world's third largest economy, may be in trouble for some unknown period. There will be massive infrastructure spending down the road (emphasis added) which should provide strong demand for building materials (lumber, base metals and so forth). For now, the economy will get a heavy dose of cash from Japan's central bank and this will require enormous debt sales driving yields higher theoretically. Since Japan is a large exporter of stuff to the world, prices for finished products may rise causing more inflation. Commodity prices remained mixed with softs and base metals weak while energy, gold and rice were higher overall. Bonds rallied while the dollar fell. The Fed is busy is POMO activities oblivious to external conditions. Here's their schedule for March and April. Stocks were sold with some late day buying lifting major averages off their lows. Volume continues to rise on selling but with an afternoon "stick save" much of this was positive. Breadth per the WSJ was once again negative.’

Investment Implications of a Nuclear Meltdown in Japan Ciovacco ‘The concerns continue to mount after Japan’s devastating earthquake and subsequent tsunami, which may further heighten recent anxiety in the financial markets (DIA). An explosion near the No. 1 reactor at the Fukushima Dai-Ichi nuclear power station has industry experts talking about the possibility of a meltdown.

According to Bloomberg:

If the fuel rods are melting and this continues, a reactor meltdown is possible,” Kakizaki said. A meltdown refers to a heat buildup in the core of such intensity it melts the floor of the reactor containment housing. “If they cannot get the nuclear reactor back under control during the day, this may end up being the biggest problem of all,” said Ken Courtis, former vice chairman of Goldman Sachs Group Inc. in Asia. “A meltdown, which would cause massive immediate damage, would also set the nuclear industry back decades. This would have vast implications for the global energy equation and perforce the world economy.

Japanese Chief Cabinet Secretary Yukio Edano said at a press conference that the blast didn’t damage the reactor container, only the structure outside it, and that there was no major radiation leakage with the explosion. The nuclear reactors are about 150 miles north of Tokyo. New reports in Japan have indicated the radioactivity at the site was rising to 20 times normal levels. [chart]

We would expect the nuclear energy ETF (NLR) to struggle next week. From an investment perspective, we would avoid NLR in the short-term due to the uncertainties in Japan. If we owned NLR (we do not), we would consider selling some of the position with a close below 24.74, and cutting back even further with a close below 23.18.

“If the water level remains at this level, the reactor core might be damaged, but we are now pouring water into the reactor to prevent it from happening,” Dow Jones Newswires quoted a Tepco spokesman as saying.

According to Wikipedia, a nuclear meltdown:

Occurs when a severe failure of a nuclear power plant system prevents proper cooling of the reactor core, to the extent that the nuclear fuel assemblies overheat and melt. A meltdown is considered very serious because of the potential that radioactive materials could be released into the environment. A core meltdown will also render the reactor unusable until and unless it is repaired.
Within the former Soviet Union several nuclear meltdowns of differing severity have occurred. In the most serious example, the Chernobyl disaster, design flaws and operator negligence led to a power excursion that subsequently caused a meltdown.
A core damage accident is caused by the loss of sufficient cooling for the nuclear fuel within the reactor core. The reason may be one of several factors, including a loss of pressure control accident, a loss of coolant accident (LOCA), an uncontrolled power excursion, or in some types, a fire within the reactor core…’

EU leaders reach deal on debt crisis London Telegraph | European leaders reached agreement early this morning.

‘Anonymous’ to Release Docs Proving Bank of America Fraud Zero Hedge | Hacker collective to leak proof that Assange previously threatened to release.

Are the prophets of doom right? The American Dream | Major Middle East war? Oil at $200/barrel? Gold at $2000?

Foreclosure activity declines as lenders review legal procedures North Jersey | Did foreclosures drop 27% because banks being blamed for robo-signing scandal?

Insured losses from Japan quake could hit $35 billion Reuters | Last week’s earthquake in Japan could lead to insured losses of nearly $35 billion.

EU leaders reach deal on debt crisis London Telegraph | European leaders reached agreement early this morning.

Japan and Otherwise: World Markets Decline

Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down The goal – engage in “a relentless campaign of non-violent, peaceful, civil disobedience” until Ben Bernanke steps down.

Hacker Collective Anonymous To Release Documents Proving Bank Of America Committed Fraud This Monday After Julian Assange crashed and burned in his threat to release documents that expose fraud at Bank of America, many thought he had been only bluffing, and that BofA is actually clean. Not so fast. The Rule of Gold After The Financial Collapse Activist Post | In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

Nikkei Plunges As Quake Sparks Sell-Off Nikkei | Tokyo stocks plunged Monday, with investors selling to avert financial risks over the devastating earthquake.

Has The Tsunami In Japan Destroyed The Japanese Economy? So what is this disaster going to do to the 3rd largest economy in the world? Japan already had a national debt that was well over 200 percent of GDP. Could this be the “tipping point” that pushes the Japanese economy over the edge and into oblivion?

Will The Japanese Earthquake Be The Straw That Breaks Europe’s Back? If an earthquake flips its wings in Japan, does the Eurozone go bankrupt, especially in the month when its most insolvent countries face billions in debt rollover requirements, tens of billions in maturity funding needs, even more in deficit funding requirements… and no cash?

Update: Make That 15 Trillion; BOJ Raises Liquidity Injection To JPY12 Trillion ($146 Billion) Total reactionary panic everywhere now as the BOJ hikes the liquidity injection from 2 to 7 to 12 trillion yen.

The Fed Fails to Create the Stability it Dreams Of Wall Street at least temporarily relieved of the burden of having to buy Treasuries & Agency bonds, is looking at the jump in oil prices as nothing more than an irritant to their plans for a higher market. Bill Dudley of the NY Fed, a most powerful member, continues to make a vigorous defense of Federal Reserve policies.

Tokyo stocks drop 5% in first opening since quake Tokyo shares fell 5.2 percent on Monday in their first opening since Friday, when Japan was struck by the biggest earthquake in its history and a devastating tsunami.

Store shelves empty in Tokyo as uncertainty reigns Commuters and residents of the Japanese capital faced confusion and uncertainty on Monday over the supply of food and energy after Friday’s devastating quake and tsunami which crippled a nuclear power plant.

The Rule of Gold After The Financial Collapse Activist Post | In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

Nikkei Plunges As Quake Sparks Sell-Off Nikkei | Tokyo stocks plunged Monday, with investors selling to avert financial risks over the devastating earthquake.

ECONOMIC CRISIS ARCHIVE

Japan Worries Keep Stocks in the Red Midnight Trader ‘ 4:15 PM, Mar 14, 2011 --

DJIA down 51.24 (-0.43%) to 11,993.16
S&P 500 down 7.89 (-0.60%) to 1,296.39
Nasdaq down 14.64 (-0.54%) to 2,700.97

GLOBAL SENTIMENT

Hang Seng up 0.41%
Nikkei down 6.2%
FTSE down 1%

National / World

10K dead in Japan amid fears of nuclear meltdowns (AP) AP - The estimated death toll from Japan's disasters climbed past 10,000 Sunday as authorities raced to combat the threat of multiple nuclear reactor meltdowns and hundreds of thousands of people struggled to find food and water. The prime minister said it was the nation's worst crisis since World War II.

Third Reactor Explodes, Full Scale Nuclear Catastrophe Imminent Kurt Nimmo | Effort to cool reactor with seawater a failure.

Experts fear 3rd reactor explosion Aaron Dykes | A third explosion at the Fukushima plant may be imminent.

CIA Sends USAID to Japan to Manage Nuclear Disinfo Campaign Kurt Nimmo | Cover-up of the extent and severity of Japan’s multiple nuclear meltdowns is now underway.

Cover Up Of Fukushima Chain Reaction Underway Paul Joseph Watson & Steve Watson | True scale of nuclear crisis suppressed by Japanese authorities, aided by castrated and slavish mass media.

Tracking Page: Japan’s Nuclear Meltdown, Aftershocks & Fallout Infowars | Following Japan’s nuclear plant emergency with the latest updates.

Tokyo nuke cloud crisis The Sun | Japan teeters on brink of nuclear catastrophe amid fears a radioactive cloud could envelop Tokyo’s 13 million residents.

Evacuation zone widening; 300,000 homeless crowd shelters Daily Mail | Fears of second explosion at quake-hit N-plant as exclusion zone stretches to 13 miles.

Radiation From Fukushima Would Take 7 Days To Reach U.S. Radioactive particles from the stricken Fukushima nuclear facility would take around a week to reach Alaska and eleven days to reach Los Angeles, according to an Accuweather.com analysis, which highlights the fact that prevailing winds over the region would send any potential fallout from the crisis-hit plant drifting towards west coast cities in the United States.

Nuclear Expert: Radiation Could Spread To US West Coast Nuclear expert Joe Cirincione warns that radiation from Japan’s multiple potential nuclear meltdowns could spread to the US west coast and that the threat represents an “unprecedented crisis,” as another explosion rocked the Fukushima complex and officials admitted that nuclear fuel rods at reactor number two have been fully exposed.

Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now in ‘meltdown’ at tsunami-hit power station The Japanese nuclear reactor hit by the tsunami went into ‘meltdown’ today, as officials admitted that fuel rods appear to be melting inside three damaged reactors.

Japanese death toll to far exceed 10,000 The death toll from the Japanese earthquake and tsunami is expected to exceed 10,000 as local and international rescue teams search through the ruins of north-eastern coastal cities for survivors of last Friday’s disaster.

TIME: Everything’s Tracked- Get Over It Aaron Dykes | In an astounding cover story,’ TIME tells readers to “get over” ubiquitous tracking.

Nuclear Plant Designer Says Japanese Government Suppressing Scale Of Crisis BBC News | A former nuclear plant designer has said Japan is suppressing vital info on the grave crisis. A former nuclear power plant designer has said Japan is facing an extremely grave crisis and called on the government to release more information, which he said was being suppressed. Masashi Goto told a news conference in Tokyo that one of the reactors at the Fukushima-Daiichi plant was “highly unstable”, and that if there was a meltdown the “consequences would be tremendous”.

Volcano in southern Japan erupts LA Times | A volcano in southern Japan began spewing ash even as the country struggled to recover from the catastrophic earthquake and tsunami.

U.S. West Coast in Path of Fallout Washington’s Blog | California is closely monitoring efforts to contain leaks from a quake-damaged Japanese nuclear plant.

Japan Fears Second Reactor Blast There is a risk of a second explosion at the quake-hit Fukushima power station, Japanese officials have said. However, chief cabinet secretary Yukio Edano said the facility could withstand the impact and the nuclear reactor itself would not be damaged.

U.S. West Coast in Path of Fallout “At present there is no danger to California. However we are monitoring the situation closely in conjunction with our federal partners,” Michael Sicilia, spokesman for California Department of Public Health, told AFP.

Radiation Increases as Cooling Systems Fail at Fukushima Plant in Japan Japanese officials battling to prevent a potential meltdown at a nuclear power station said an explosion was possible at a second reactor building after the plant’s cooling system failed.

Cooling at Sixth Reactor Fails Tokyo Electric Power Co. said Sunday another reactor of its quake-hit Fukushima nuclear power plants had lost its cooling functions, while at least 15 people at a nearby hospital were found to have been exposed to radioactivity.

Featured Stories archive

Japanese Nuclear Meltdown Confirmed Infowars.com | As we accurately reported, the explosion at the Fukushima nuclear plant was the result of a nuclear meltdown of the reactor core.

Media Coverup of Massive Chernobyl Event Underway in Japan Kurt Nimmo | Media in Japan is not reporting this fact in order to prevent mass hysteria.

Piers Corbyn: Massive Japan Earthquake & Tsunami Were Triggered by Solar Action The Alex Jones Channel | Meteorologist and astrophysicist Piers Corbyn, talks with Alex about the Japanese tsunami.

US Contracting Tech Firms for Revolutions Tony Cartalucci | US shamelessly admitting to funding Middle East revolutions

Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b* s*) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: `City Lowers Police Testing Standards Because Not Enough Blacks Passed...` `Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters...` `Golf in the afternoon...` ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.”

Drudgereport: SIXTH NUKE REACTOR FAILSMELTDOWN ALERT...
Firefighters battle blaze at reactor...
Rods fully exposed for 2.5 hours...
Higher radiation recorded north of Tokyo...
RACE TO SAVE THE REACTORS...
Japan Asks USA To Help...
WRAP...
BBC LIVE... REUTERS LIVE... KYODO WIRE...
QUAKE MAPS, DETAILS...
FLASH: Nikkei Stock Market Falls Another 6%...
PM Kan asks public to act calmly... Confusion from deadly quake spreading...
Emergency Cooling Effort at Reactor Failing...
'UNSTABLE'...
Crisis 'Uncharted Territory'...

Up to 160 exposed to radiation... Japan battles nuclear meltdown...
Biggest Crisis Since WWII...
Races to avert multiple reactor failures...
Injecting seawater at Fukushima...
Another hydrogen explosion possible...
Evacuation zones widened -- again...
NUKE DESIGNER: Gov't suppressing info...
BBC LIVE... REUTERS LIVE... KYODO WIRE...
QUAKE MAPS, DETAILS...
USA West Coast in Path of 'Fallout'?

190 EXPOSED TO RADIATION IN MELTDOWN OF REACTOR NO. 1...
Thousands scanned...
200,000 Evacuated...
US EXPERTS: Pumping seawater into reactors 'act of desperation'... 'May foreshadow Chernobyl-like disaster'... GE-designed reactors in Fukushima have 23 sisters in USA...IS THE WORST STILL TO COME?
THOUSANDS SCANNED...
140,000 Evacuated...
ADMIT: Officials say radiation levels rise above limit... Third explosion raises spectre of nuclear nightmare...
USA West Coast in Path of 'Fallout'?
Winds Should Send Radiation Out to Sea...
Run on iodine tablets -- in Finland...
German airline scans Japan flights for radioactivity...
17 U.S. Navy crew members contaminated...
HOPE: Pumping seawater into hot, leaking reactor...
'We're told not to breathe the air -- it's scary'...
GOV'T: Releasing radioactive steam from another reactor...

SAFETY BOARD: Meltdown occurred...
Core of Fuku 1 partially melted; race on to cool...
Japanese officials: 'Nuclear catastrophe averted'...
Say steel container housing reactor undamaged...
Japan to IAEA: Report radiation levels dropping...

REPORT: Nearly 10,000 people missing from town of 17,000...

KYODO: Death tops 2,000...
Military finds 300-400 bodies in one coastal city...
UPDATE: Four trains missing...
Northeast Japan 'a wasteland'...
'Devastation and despair'...
MAPS, DETAILS...
BBC LIVE...
REUTERS LIVE
KYODO WIRE...

City Lowers Police Testing Standards Because Not Enough Blacks Passed...
Under pressure from Obama administration...

Illinois mayor says Obama still owes city $55,457...

Obama to party with Washington reporters...
Golf in the afternoon...

Milbank: King's red scare (Washington Post) [ It truly is difficult for me to imagine being on the same page as Mr. Milbank on virtually any topic at all; and, yet here I am, on the same page agreeing with him with what has already occurred to me in thinking about the mccarthyish way of political opportunist for his zionist district politics, neocon peter king. It is important to distinguish the ‘anti-communist’ tenor of mccarthy’s day, communism being in my view a very real threat in light of my own staunch opposition to communism, the ultimate ‘b* s*’ political doctrine / social organization whereby everybody is purportedly equal, yet some bureaucrats / party members were far more equal in every way than others. Yet, pervasively corrupt / defacto bankrupt america (Batista’s cuba is an example on smaller scale) has become a poster-child for the failure of capitalism (though capitalism is but a fading memory for america in favor of the corrupt bureaucratic morass it’s become) with totalitarian communist china the greatest beneficiary though it’s capitalism that has garnered china enormous success. The irony of it all. While the communist threat was all too real, from the beginning (upon the long overdue fall of communism), there was a void sought to be filled by the military industrial complex, neocons, zionists, war profiteers, etc., literally ‘militants without a cause’. A sad reality that’s all too real. ]

NATO endorses plan for Afghan forces to take over several areas (Washington Post) [ Yeah! Sounds like a plan … if the several areas encompass the entire nation; and, nato quits their foolishness in wasting money they don’t have for the sake of the military industrial complex, war profiteers, thieves, and (nato) heroin dealers. ]

Major changes ahead for U.S. mortgage system (Washington Post) [ Duh! Ya think? … How ‘bout major changes to the entire pervasively corrupt, defacto bankrupt u.s. (illegal) system, long overdue … SEC chief: Becker should not have worked on Madoff fallout (Washington Post) [ Oh come on! Everyone now knows here and abroad that capital hill is just an incestuous, nepotic morass of venal, greedy, corrupt incompetents who do or don’t do whatever is necessary to further their personal financial interests, including bribes both direct and indirect, now or later. Between goldman’s / citi’s rubin, and paulsen, and etc., etc., they’ve pillaged the treasury and aided / abetted / covered up a still extant fraud. Now those who can, do; those who can’t, work for the u.s. government. Who’s the head of enforcement? A goldman man of course. Madoff? House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b* s* fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb ) Written text of presentation (without pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm ]

] Higher down payments could be demanded by lenders, and the availability of long-term mortgages with fixed interest rates could be curtailed.

Disaster in Japan threatens recession recovery (Washington Post) [ Recovery? … Dreamin’ … and, we’re way past the ‘straw broke the camel’s back’ … we’re really talkin’ about final nails in the coffin … This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come! What Can the Great Depression Teach Us About Our Great Recession? Chartprophet ‘Is the massive market rally of the past two years just a temporary recovery that has tricked many investors to jump back into stocks right before the next plunge? And how can the Great Depression reveal what may happen to the markets this year, almost 80 years later?As we enter the third year of what has been a very impressive "bull" market, many are left wondering whether this incredible run of as much as 100 percent on the S&P 500 can continue - and for how long. Yet while the economy seems to have rebounded very strongly off of its early 2009 lows, accompanied by improving fundamentals, increased company earnings, and a more optimistic consumer, many investors fail to at least consider the thought that this entire "recovery" could, in fact, be just an extreme overreaction to the 2008 market crash. In other words, the huge rally we have seen in the global stock markets since early 2009 could be just a temporary recovery and pause before the next - and possibly worse - market decline.

It was less than a year ago that the fear of an economic "double dip" - a plunge back down to recession - intensely gripped the markets. The "flash crash", BP oil spill, European troubles, high unemployment, and potential derailment of the economy all posed a severe threat to the viability of our recovery. Yet while many parts of the economy seem to have been improving, there are still so many issues surfacing daily that most of the world is basically ignoring. I am not saying that all these issues are guaranteed to pull us back into recession, but with such a huge rebound in stocks accompanied by so many potential derailers, it may not be so far-fetched to at least consider the possibilities of the tremendous upcoming turmoil.

The issues now: huge government debt, credit crisis, European troubles, high insider selling, Middle East turmoil, surging oil prices that threaten to hurt the economy, soaring commodity prices, surfacing inflation, uncertainty about the Fed's QE2 and QE3, billions of dollars of toxic assets on the balance sheets of many banks, emerging market weakness since the end of 2010, real estate bubbles from China to Singapore, rationalization of fundamentals and a strong complacency that things will continue to be just as positive as they have been, a very slowly-improving unemployment picture, and perhaps one of the most telling points - the average investor is finally getting back in, and maybe right at the end of the rally.

So why should investors at least consider the possibility of a "double dip"? What are the potential scenarios if this tremendous market rally was, in fact, a "fool's rally"? And what can the Great Depression teach us about our current situation?

First, we must understand what a "fool's rally" is:

Otherwise known as a "Dead Dog Bounce," the fool's rally is a corrective bounce or temporary rebound that follows a severe decline in an individual stock or broader market. Following a severe decline, stocks and markets can sometimes see sharp bounces off of the lows as a rapid overreaction to the downside is followed by an overreactive bounce to the upside. In other words, a market crashes quickly and sharply but rebounds temporarily as much of the bad news takes some time to fully sink in.

This phenomenon is has been termed the "Dead Dog Bounce," based on the statement that "even a dead dog will bounce" if dropped from high enough. Here's an image of what this looks like:
[picture]
The Dead Dog Bounce is just a temporary recovery, however. The scenario is as follows: 1) the market drops sharply; 2) after an extreme downturn, the market recovers as some investors buy up what they consider to be "value"; 3) the market cannot make it all the way back up to where it started its down move, however, because the economy is nowhere near as healthy as it was; 4) the investors who have pulled their money out of the stock market or who have missed the recovery now jump back in, thinking the market is going back up; 5) since this has been a dead dog bounce, and therefore just a corrective rebound before the dead dog falls back down, many investors were tricked into thinking the recovery was underway - but the market enters the next phase of decline or recession. A double dip takes place.

Think of a tennis ball dropped from the top of a building: as it drops, it gains momentum, hits the ground, and bounces up - but the bounce can not be as high as its original point. And following that bounce, it will ultimately be pulled back down by gravity. So too the Dead Dog Bounce - the market drops from above, falls sharply, hits the "ground," bounces back up (but not as high), and ultimately falls back down.

[picture]

I bring the Great Depression up because it is one of the best examples of a Dead Dog Bounce. We often think of the Crash of 1929 as the biggest event of the Great Depression, and perhaps also consider it to be the biggest drop in the market. But that actually wasn't the case.

Here's how the Dead Dog Bounce played out in the Great Depression:

click to enlarge
[chart]
Following 17 years of sideways movement beginning, the market finally embarked on an uptrend from 1921 to the ultimate peak of 1929.

Compare the above chart to what we have recently seen in our market:
[chart]
Like the Dow from 1904 to 1921, the Dow of 1960 to 1983 was also stuck in a long sideways trend. It eventually broke out above the 1,000 level in 1983 and began one of the greatest bull markets we have ever seen. Like the 1929 top before the Great Depression, the 2007 peak marked the top before the Great Recession we find ourselves in. The two charts above look eerily similar, and make dismissing the relationship between the Great Depression and Great Recession almost a fool's move.

Now take a look at the 1929 stock market crash:
[chart]
After reaching a peak of 380+, the Dow tumbled to under 200 as the Crash of 1929 sent markets into a free-fall. Following the Crash, a Dead Dog Bounce took place - raising the market approximately 50 percent.

Compare the 1929-1930 Crash-Dead Dog Bounce scenario with what we have just seen:
[chart]
After a bull market from 2003 to the end of 2007, the Dow reached a peak of over 14,000. As the housing market collapsed, so did the stock market - sending the Dow below 6,500. As in the Dow of 1929-1930, a potential Dead Dog Bounce has followed since 2009 and continues until today.

The question remains - what followed the Dead Dog Bounce of 1929-1930, and will our market follow the same course?

Here's how it played out in 1930:
[chart]
The Crash of 1929 was almost negligible in comparison to the Great Depression that followed. The Crash sent the Dow tumbling from 380 to 200, and was followed by a Dead Dog Bounce which recovered over 50 percent of the Crash; but the real damage was done beginning in April 1930 and lasting until late 1932 - where the Dow toppled from nearly 300 to less than 50 - a loss of over 83 percent.

The Dead Dog Bounce in 1929 and 1930 was just a corrective overreaction to the steep plunge that the Crash of 1929 brought to the market. But as we can see, the Crash and the ensuing bounce were nothing compared to the huge drop that followed and carried through until the end of the Great Depression.

We now find ourselves in perhaps a similar situation - a market that saw a very impressive bull run for years, and reached a lofty top followed by a severe downturn in 2008 and early 2009. It has since shown signs of improving, and many investors and economists are optimistic for the future - thinking the worst is behind us. But with so many negative and potentially devastating issues constantly surfacing, are we just in the middle of a Dead Dog Bounce before reality sets in and the market plunges back down into recession? I do not yet know the answer to that question. But with the very strong similarities between our market and that of the Great Depression, it would be very wise to at least pay attention.

[picture]

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.’

] The earthquake and tsunami in Japan struck an area that accounts for only a small fraction of the country's economic activity, but damage could still run into the tens of billions of dollars.

Japan reeling after quake (Washington Post) [ Japan reeling, wall street rallying? … What’s wrong that picture? … Hello! … earth to wall street, reality calling … Can’t be good for oil prices, or the debt market (for u.s.) for starters … Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds? [ Well, PIMCO just voted with their feet (they’re out of them) … Japansunami will preclude same (note: despite the dire implications for defacto bankrupt america owing to their costly reconstruction preoccupation … market suckers’ rally anyway to keep investors suckered and from getting any rational selling ideas over the weakend … you can do such things, especially into the close, with those computerized high frequency trade programs which are great for generating commissions from the old ‘in-out, in-out’, and then some … these days like last crash / crisis are made for such frauds.) … don’t go looking to china to take more baths, especially with that recent trade deficit of theirs. The answer is no-one! And, one can begin to see the fed’s reluctance to alow proper scrutiny of their books; beyond their complicity in the massive wall street frauds, cashed out with their help, there’s the worthless ‘paper on paper’ debacle just around the corner. ] A bulldozing tsunami leaves the country bracing for an epic humanitarian disaster.

Stocks for Brave Adults Only: Dave's Daily ‘Stock rallied in the afternoon led by oversold conditions and that's about it. You could argue those that could lifted some indexes over the breached 50-day moving average. But, with the NYMO at a -70 reading yesterday markets became quickly short-term oversold. Now many wondered with the catastrophe in Japan, U.S. stocks should not have risen. This is understandable and I got a lot of mail about this, but perversely, it may have been more important the Saudi Day of Rage was a nonevent--just ask Prince Alwaleed. Moreover, imagine the amount of reconstruction spending that follows these disasters. Bulls also felt the poor data Friday might lead to more QE from the Uncle Sugar. Markets can often be hard to understand and be hard-hearted at the same time. Retail Sales were okay but you have to wonder about it as "old news" while Michigan Consumer Sentiment dropped substantially. My favorite Fed official, William "have some Kool Aid" Dudley, got trashed as he tried to explain the "no inflation meme" to a crowd in Queens. It's pretty hilarious how he was called out…’

Modest Stock Gains During Friday Trading, But Losses for Week Midnight Trader ‘4:08 PM, Mar 11, 2011 -

NYSE up 55.56 (+0.7%) to 8,255.63
DJIA up 59.79 (+0.5%) to 12,044
S&P 500 up 9.17 (+0.7%) to 1,304
Nasdaq up 14.59 (+0.5%) to 2,716

GLOBAL SENTIMENT

Hang Seng down 1.55%
Nikkei down 1.72%
FTSE down 0.28%

What Can the Great Depression Teach Us About Our Great Recession? Chartprophet ‘Is the massive market rally of the past two years just a temporary recovery that has tricked many investors to jump back into stocks right before the next plunge? And how can the Great Depression reveal what may happen to the markets this year, almost 80 years later?

As we enter the third year of what has been a very impressive "bull" market, many are left wondering whether this incredible run of as much as 100 percent on the S&P 500 can continue - and for how long. Yet while the economy seems to have rebounded very strongly off of its early 2009 lows, accompanied by improving fundamentals, increased company earnings, and a more optimistic consumer, many investors fail to at least consider the thought that this entire "recovery" could, in fact, be just an extreme overreaction to the 2008 market crash. In other words, the huge rally we have seen in the global stock markets since early 2009 could be just a temporary recovery and pause before the next - and possibly worse - market decline.

First, we must understand what a "fool's rally" is:

[picture]

Here's how the Dead Dog Bounce played out in the Great Depression:

click to enlarge
[chart]
Following 17 years of sideways movement beginning, the market finally embarked on an uptrend from 1921 to the ultimate peak of 1929.

The question remains - what followed the Dead Dog Bounce of 1929-1930, and will our market follow the same course?

[picture]

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.’

Sneaky Banks to Lay Foundation for Their Own Collapse

Welfare State: Handouts Make Up One-Third of U.S. Wages CNBC | Government payouts make up more than a third of total wages and salaries of the U.S. population.

Will The Japanese Earthquake Be The Straw That Breaks Europe’s Back? Zero Hedge | Japan will have no choice but to launch a mini round of Quantitative Easing. If an earthquake flips its wings in Japan, does the Eurozone go bankrupt, especially in the month when its most insolvent countries face billions in debt rollover requirements, tens of billions in maturity funding needs, even more in deficit funding requirements… and no cash?

Are The Prophets Of Doom Right About Major War, $200 Oil, $2000 Gold And Dow 5000 By The End Of 2012? Are the “prophets of doom” right? Is a major war going to erupt in the Middle East? Is the price of oil going to $200 a barrel? Is the price of gold going to hit $2000 at some point over the next two years?

Adjusted Monetary Base: Up, Up And Away Shortly Zero Hedge will present our quarterly analysis of the liabilities held by the shadow banking system.

National / World

Chilling Account of Big Brother Society Infowars.com | Author Mark Dice details horrific scope of technological control grid.

Japanese Nuclear Meltdown Would Be Hundreds of Times Worse Than Chernobyl Kurt Nimmo | Radiation levels inside Fukushima Daiichi nuclear power plant are 1,000 times normal levels.

Justice Department: TSA Has Authority To Literally Strip Search People Steve Watson | Naked body scanners court case underway, throws up disturbing precedents

Global Warming Did Not Cause The Japanese Earthquake Paul Joseph Watson | BBC reporter spouts lies about “disappearing” South Pacific island to imply man-made climate change connection to devastating tsunami.

Videos Document Horrific Japanese Earthquake Infowars.com | The earthquake is one of the largest ever recorded.

Japan scrambles to avert radiation crisis at nuclear plant Reuters | Thousands of residents were evacuated from an area around a nuclear plant.

Huge tsunami kills hundreds in Japan, sweeps across Pacific Reuters | The biggest earthquake on record to hit Japan rocked its northeast coast on Friday.

Saudi Security Forces Flood Streets to Stop ‘Day of Rage’ Mail Online | Moderate Sunni Islamists and Shi’ite Muslims have joined forces to demand political change.

A Perfect Storm of GMOs, Chemicals and Cancer Rady Ananda | Several books lay out the framework for and evidence of a concerted effort to sicken and then treat humanity, while earning obscene profits.

Guatemalans to sue US government for secretly infecting them with syphilis Natural News | The US government deliberately infected roughly 700 Guatemalans with syphilis.

Second Japanese Nuclear Plant In Peril As Thousands Evacuated Japanese authorities on Saturday were racing to find ways to deliver new backup generators or batteries to a nuclear power reactor whose cooling facilities were crippled by a loss of power caused by the deadly earthquake and tsunami that hit Japan on Friday afternoon.

Global Warming Did Not Cause The Japanese Earthquake Just hours after the horrific earthquake and tsunami devastated coastal areas of Japan, global warming alarmists like the BBC are already injecting climate change propaganda into their coverage of the story, hastily exploiting the tragedy as a vehicle through which to push their increasingly desperate and discredited enviro-fascist agenda.

Justice Department: TSA Has Authority To Literally Strip Search People A government attorney has told federal appeals court judges that the Department of Homeland Security has the authority to literally strip search Americans inside airports if it determines that is the correct course of action to deal with “ever-evolving threats”.

REPORT: 88,000 People Are Missing In Japan Heartbreaking: While the death toll remains in the low hundreds right now (officially) it seems sure to spiral much higher. According to the Kyodo News Agency, via BBC, the official missing persons tally is around 88,000.

Ron Paul: No-fly Zone Over Libya Would be an Act of War On the House floor Thursday, Rep. Ron Paul pointed out that imposing a so-called no-fly zone on Libya would be illegal under international law and an act of war.

Japan Declares Nuclear Emergency After Devastating Earthquake The horrifying consequences of the biggest earthquake to hit Japan since records began are only just beginning to be discovered, with the tsunami that followed causing massive devastation and engulfing cities and airports, leading to the declaration of a nuclear emergency at the Fukushima No. 1 nuclear plant after efforts to cool malfunctioning reactor cores failed.

Saudi King Counters Protests With $36 Billion as Tension Mounts As unrest escalated across the Middle East, activists in Saudi Arabia demanded a political voice as well. Rather than promises of democracy, they got a $36 billion handout and a slap down from Islamic clerics.

Nato ‘kills cousin of Afghan President Hamid Karzai’ A relative of Afghan President Hamid Karzai has been mistakenly killed by Nato troops in southern Afghanistan, officials say.

Drudgereport: THE GREAT QUAKE OF JAPAN... 9.1 MAG CAUSES CHAOS... BBC LIVE... REUTERS LIVE MAPS, DETAILS... KYODO WIRE... NHK... Hundreds of bodies found... Thousands Missing, Feared Dead... Dam breaks, washes away homes... Agency: N American plate snapped upward... HUGE WHIRLPOOL CREATED... Thousands roam Tokyo streets... Cruise ship, entire train missing... Japan Rushes to Contain Damage...
'HOURS' TO PREVENT NUKE MELTDOWN
'MAY BE EXPERIENCING NUCLEAR MELTDOWN'
Quake's Magnitude Hiked to 9.1... Japan scrambles to ease pressure building inside two nuke plants...
...TOKYO POWER says temperatures falling back to normal at Reactor #3
...Meltdown threat remains for Reactor #1
Radiation at 1000X Normal...
LEAK...
Fuel Rods May Have Been Damaged...
Fears of THREE MILE ISLAND repeat...
'No immediate health hazard,' officials say -- while evacuating 45,000...
US Amb. to Japan Warns Americans to Evacuate...
US military DID NOT provide any coolant... Earlier, Hillary Clinton said Air Force 'assets' had been used to do so...

BRUSSELS WEEKEND: Broke euro countries plead for help... 18 GOP senators in Wisc report death threats after union vote...
UNIONS THREATEN BUSINESSES...
Iowa follows suit; House passes collective bargaining bill...

Obama says 'tightening noose' on Gadhafi...
Tripoli protest stamped out...
Berlusconi: West may have miscalculated...

Police flood Saudi capital, preventing 'Day of Rage'...

Saudi police open fire at protest (Washington Post) [ Time to revoke the saudi pass to do whatever please owing to their preposterous claim to all the oil wealth of the entire Saudi nation. 16 miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they are… with a microscope at that. Saudis Worried Protests Will Hit Home - saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so For the sake of the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect; far less than democratic and far more deadly in the mideast among other places; talk about hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation as the saudis; time for the saudis to go the way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video: Bahrain protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. [`SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK'`

NATO troops kill Karzai's cousin in botched raid, Afghans say (Washington Post) [ ‘All the right moves’. Right, right, right! Righto!…Riiiiight! Winning those hearts and minds; or as Charlie Sheen would say … duh … winning! Whew! U.N. alarmed by surge in civilian casualties in Afghanistan (Washington Post) [ No, gates has already addressed that … minor setbacks, says he … Turmoil jars U.S. counter-terror efforts (Washington Post) [ Now how does this come as a surprise to anyone? Beyond america’s propaganda machine, orwellian england, etc., just how do think the war crimes, invasions, pillaging and plundering, and killing of innocent children, women, and men by pervasively corrupt, defacto bankrupt america et als for the sake of the u.s. military military complex are viewed by the rest of the world, and particularly the subject region. Euphemistically but realistically speaking, ‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

SEC chief: Becker should not have worked on Madoff fallout (Washington Post) [ Oh come on! Everyone now knows here and abroad that capital hill is just an incestuous, nepotic morass of venal, greedy, corrupt incompetents who do or don’t do whatever is necessary to further their personal financial interests, including bribes both direct and indirect, now or later. Between goldman’s / citi’s rubin, and paulsen, and etc., etc., they’ve pillaged the treasury and aided / abetted / covered up a still extant fraud. Now those who can, do; those who can’t, work for the u.s. government. Who’s the head of enforcement? A goldman man of course. Madoff? House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b* s* fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

Krauthammer: What Social Security trust fund? (Washington Post) [ Fraud? Most assuredly! But breathtaking, shocking? Come on! Let’s get real here … paper iou’s (the ‘trust fund’) from pervasively corrupt, defacto bankrupt, perpetual warster america? I mean, REALLY (as they say on SNL-a joke)...This is the grim economic reality ( http://albertpeia.com/grimreality.htm ). In Senate's debt debate, talk isn't cheap (Washington Post) [ Oh, but it is cheap! Very cheap relative to the magnitude of the insurmountable debt … here’s an initial and astute vote of ‘no confidence’ … Drudgereport: `World's biggest bond fund dumps all U.S. debt...` Senate still wrangling over spending bill (Washington Post) [ Few signs of compromise on budget details (Washington Post) [ Come on … wake up! The cuts they’re quibbling over don’t even cover interest on the national debt! Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Senate leaders delayed until Wednesday consideration of a bill to fund the government through Sept. .…. Top Economists: Trust is Necessary for a Stable Economy … But Trust Won’t Be Restored Until We Prosecute Wall Street Fraud Most policy makers still don’t understand the urgent need to restore trust in our financial system, or the need to prosecute Wall Street executives for fraud and other criminal wrongdoing ….. 'Gang of 6' takes deficit fight to public (Washington Post) [ Riiiight! I like that term, gang, as applied to capital hill. Indeed, without exaggeration or sarcasm I posit the realistic existence of government mob, relative to other mob designations as ie., mafia, irish mob, jewish mob, etc., based not on what they say they do but on what they actually do. That now corrupted supreme court of old’s test for obscenity; viz., ‘you know it when you see it’. And, haven’t we been seeing it for quite some time now; the corruption, the corruptibility, the lobbyists, the military industrial complex, the look the other way for the massive frauds on wall street, the bribes in one form or another before or after the fact? The ‘gangs’ should be shouldering the burden first, then come asking those who foolishly trusted them. Why Social Security is welfare (Washington Post) [ What does it matter what you call it? Part of america’s defacto bankruptcy? Most assuredly (I haven’t even looked at the Bloomberg propaganda piece which by its very title is an insult to intelligence; after all, we all know they can continue to print evermore worthless fiat currency which in reality does not change the ultimate reality of america’s defacto bankruptcy but merely exacerbates while forestalling a realistic assessment of the magnitude of the crisis. The fact is that there are others, culpable in creating this crisis who should be shouldering the burden first; ie., frauds on wall street via prosecution, fines, disgorgement; Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’ ; SEC on the hot seat (Washington Post) [ Oooooh! The capital hill hot seat … shilling for no more than a grilling. House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b* s* fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

Stocks sink amid new economic concerns (Washington Post) [New economic concerns? I don’t think so! The economic concerns certainly aren’t new: This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!But that money/prosperity’s truly down the crapper and into the hands of the ‘perps and friends’ … World's richest are almost $1 trillion richer ( And the other 95% trillions poorer.) … There’s never been a mystery here … just a massive fraud that despite the rhetoric has been purposefully overlooked and unprosecuted … : “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

]

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by something much worse for the bulls, according to cycle watcher Charles Nenner of the Charles Nenner Research Center.

"We don't intend to go short right now," he says...with "right now" being the operative term.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded here and other venues for some of his prescient calls in recent years, most notably:

-- Forecasting a Dow peak of 14,500 in the summer of 2006.
-- Predicting a "substantial drop" in housing in Aug. 2006.
-- Calling the market top in October 2007.
-- Forecasting in late 2007 a "deflation scare" would occur in 2008.
-- In February 2009, predicted a major rally would start "in a few weeks" and could take the S&P as high as 1000.

Hopefully Nenner's "Dow 5000" call will be similarly misplaced.

I point out these gaffes not to embarrass or make fun, but to remind viewers that to err is human and everything you see/hear should be taken with a grain of salt...assuming you're not already.

Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at [email protected]’

Market Thrill Ride Ends Badly: Dave's Daily ‘‘Well, this wasn't very nice. When a roller coaster is on pause as Wednesday you know something thrilling is coming next. What spooked the herd anyway? China reported a surprising trade deficit versus an expected surplus due to oil imports; Spain's credit rating was downgraded a notch, Japan's GDP growth estimates were cut; Jobless Claims were higher than expected; shots were fired at Saudi demonstrators; the Libya situation remains a stalemate while major powers dither; and, there was no POMO Thursday. Is that what it takes for a stampede? Markets have been unstable to put it mildly and one of our trusty tech indicators DeMark sequential counts (not to mention DeMark himself) has indicated "trend exhaustion" for some time. This is why we've been light save for our Lazy Portfolios. [chart] Everything was down today save bonds which rallied on a flight to safety. One might think this ephemeral since "bond daddy" Bill Gross and PIMCO sold all their holdings and yields can't go "much" lower from here. Despite having data from WSJ late enough I can't determine if this was a 10/90 day or not; but, it sure could be. Breadth may was particularly negative and someone no doubt will chime in with a confirmation or not. As is usually the case for big sell days like this, stops get hit and volume builds significantly.’

SPY's 25-Minute Tumble Sends ETF Back To January Levels Coleman ‘This started out as a rocky day as China’s trade woes, European sovereign debt concerns and sour job numbers in the U.S. sent stocks falling. As reports emerged of bullets pelting protesters in Saudi Arabia, popular ETFs tracking key benchmarks tumbled.In a 25-minute span, the SPDR S&P 500 ETF (SPY) fell almost 0.9%, erasing its intra-day high. It rallied for about an hour before losing steam in the last 1.5 hours of the regular session. SPY closed down 1.9% at $129.94 a share, back to levels not seen since January.Perhaps just as alarming, the blue chip tracking ETF fell below its 50-day moving average, a key short-term technical indicator. So did the SPDR Dow Jones Industrial Average ETF (DIA).Now, all eyes are likely to be focused on on the Fed’s policy setting committee meeting next Tuesday. If it decides to keep rates low for an extended period, “the risk of an even deeper pullback increases,” writes Tomi Kilgore in his column today for Dow Jones Newswires.The S&P 500 index closed today at 1295.11. Bears should target the 1225-1230 range, where there was significant resistance from early November through early December, notes Kilgore. “In addition, the 38.2% retracement–the first significant retracement level for followers of Fibonacci numbers–of the rally off the August low of 1040 to the February high of 1344 is at 1228,” he adds.About the same time as SPY was falling, the U.S. Oil Fund (USO) made a push higher after moving lower in the morning. The ETF’s shares bounced up on heavy volume in the early afternoon to reach an intra-day high around $42.10 a share. But it meandered down the rest of the afternoon. USO closed down 1.6% at $41.40 a share, back to last week’s levels.The SPDR Gold Trust (GLD) did much the same as USO, jumping in the afternoon only to slide lower later in the day. But the precious metals ETF did manage a small rally early in the session to reach $138.72 a share. It finished down 1.2% at $137.77 a share, taking the fund back to late February levels.’

Stocks Sharply Lower, Dow's 200-Plus Point Drop Deepest Since August Midnight Trader ‘4:22 PM, Mar 10, 2011 --

NYSE down 179.37 (-2.1%) to 8,200.07
DJIA down 228.48 (-1.9%) to 11,985
S&P 500 down 24.91 (-1.9%) to 1,295
Nasdaq down 50.70 (-1.8%) to 2,701

GLOBAL SENTIMENT

Hang Seng down 0.82%
Nikkei down 1.46%
FTSE down 1.53%

UPSIDE MOVERS
(+) GMCR, SBUX in pack tie-up.
(+) HGSI, GSK gain on FDA approval of lupus drug.
(+) FCEL beats with results.
(+) CBEH beats with results, guidance.
(-) SFD beats with EPS.

DOWNSIDE MOVERS
(-) SCON reports sales drop.
(-) JTX cancels Q3 earnings due to ongoing discussions with creditors.
(-) ARYX to close after FDA delays guidance for study.
(-) PEET downgraded.
(-) UL downgraded.
(-) GM says CFO leaving.
(-) ARMH subject of negative analyst note on tablets.
(-) NTAP downgraded.

MARKET DIRECTION

Stock averages close deeply in the red, as the DJIA has fallen below the 12,000 line and logs its worst drop since early August. Already lower stock trading weakened anew after a report hit saying Saudi Arabian police had opened fire on protesters in the country.

The Associated Press reported news of the police action in the eastern city of Qatif. Witnesses reported gunfire and stun grenades being fired at several hundred protesters, according to the AP.

Earlier, disappointing news on unemployment claims and anxieties about the trade deficit in China and European sovereign debt after a downgrade for Spain's credit rating combined to send global and U.S. stocks lower.

All three major indexes broke through their 50-day moving averages for the first time since the summer and the averages are now lower for the week and month-to-date.

Commodities finished trading lower as crude oil futures ended lower, but pared some early losses amid reports of violence against Saudi Arabian protesters, while gold also finished lower on dollar pressure.

Light, sweet crude oil for April delivery finished down $1.68, or 1.6%, to $102.70 a barrel. In other energy futures, heating oil was down 0.38% to $3.05 a gallon while natural gas was down 2.8% to $3.92 per million British thermal units.

Meanwhile, gold futures ended in the red, paring modest prior-session gains, as the dollar gained strength. Gold for April delivery finished down 1.2% to $1,412.50 an ounce. In other metal futures, silver was down 2.7% to $35.07 a troy ounce while copper traded down $0.01 to $4.20.

The U.S. dollar index (DXY) is up 0.71% to $77.27.

On the U.S. economic front, weekly jobless claims rose by a higher-than-expected 26,000 new claims to 397,000, but the four-week rolling average, which smooths out volatility, is still near a three-year low, the Labor Department reported. According to economists polled by MarketWatch, first-time claims were expected to rise to a seasonally adjusted 378,000 from last week's upwardly revised level of 371,000.

The U.S. trade deficit grew by 15.1% to $46.3 billion, which was wider than economists had predicted. Also, China posted a $7.3 billion trade deficit in February, a surprise to financial markets that had predicted a surplus. Export and import growth slowed sharply, partly due to the impact from the Chinese New Year holiday during the month. China said that its monthly exports in February grew only 2.4% from the year-earlier period, while imports rose 19.4%. The growth represented a sharp slowdown from January.

In company news:

Green Mountain Coffee Roasters (GMCR) jumped some 38%, after Starbucks (SBUX), up 8%, says it will produce and sell its coffee and its Tazo brand tea via GMCR's K-Cup portion packs for use in the Keurig single-cup brewing system. The move is in line with the Seattle coffee chain's strategy to expand the reach of its single-cup coffee selections. Last year, SBUX introduced Via Ready Brew single-cup coffee.

Shares of Human Genome Sciences (HGSI) were higher after it and GlaxoSmithKline PLC (GSK) said the U.S. Food and Drug Administration (FDA) approved BENLYSTA to treat adult patients with active, autoantibody-positive systemic lupus erythematosus (SLE) who are receiving standard therapy.

Rio Tinto fell after it raised its cash offer for Riversdale Mining to $16.50 per share, up from the $16 offered in December. The higher price is contingent on Rio gaining acceptances from holders of more than half of Riversdale shares by March 23. Rio Tinto, which extended the offer period to April 1, said it would not raise its offer in the absence of a competing offer.

Shares of Jackson Hewitt Tax (JTX) plunged after it cancelled its earnings conference call and webcast in light of ongoing discussions between JTX and lenders under its senior secured credit agreement.

AOL (AOL) fell as Reuters reports that the company will cut about 20% of its global workforce to restructure in a bid to catch up with faster moving rivals, a source close to the company said. More than 900 of the company's 5,000 workers will lose their jobs, Reuters reports. AOL will cut about 400 employees in India, outsource another 300 positions and eliminate 200 jobs in the United States, the story said.

Ingram Micro (IM) gained after saying it has been selected by privately held Acronis to sell, market and support its product suite of data backup and recovery solutions to resellers and managed service providers throughout the Americas. Under the distribution agreement, IM channel partners will have access to a wider range of data protection and business continuity programs for Acronis, which provides backup, recovery and security solutions for physical, virtual and cloud environments.

Superconductor Technologies (SCON) fell after saying it expects to mention concerns about its ability to continue as a going concern due to past losses and negative cash flow, in its upcoming annual filing. It also said Q4 sales fell to $789,000 from $2.2 million a year ago. Net loss per share was $0.11, narrower than the $0.16 loss a year ago.

Smithfield Foods (SFD) gained after it reported 2011 Q3 adjusted EPS of $0.84, up sharply from the year-ago period and handily beating the Thomson Reuters mean analyst estimate for $0.66. Sales rose 10% to $3.2 billion, in line with the Street view. The company said that even though raising costs will increase going forward, low global red meat inventories are supporting a significantly higher live hog futures curve throughout fiscal 2012.’

Reviewing My Reasons to Book Profits Suttmeier ‘In the new millennium I’ve made some good market timing calls and some not so good calls. In March 2000, I recommended that investors reduce holdings in NASDAQ stocks by 50%. Then, between July 2002 and October 2002, I was a major bull, and re-iterated that bullish call in March 2003 as our troops marched towards Baghdad. Unfortunately, margin calls forced many of my readers who stayed long to bail-out at the lows.

In June 2005, I called the summer top for the homebuilders. At the end of 2006, I called the top for community banks. In March 2007, I called the top for the regional banks, but was pre-mature on the bearish overall market call, though I stuck to my guns with a re-iteration all the way into October 2007 when I said that the Dow would not sustain gains above 14,000. I was a bear until March 2009, when I called for a 40% to 50% bear market rally.

In 2010, I under-estimated the potential upside to the market, but my stock selection process of “Buy and Trade” limited the extent of this bad call. Starting in September 2010, I shifted to a more balanced market outlook looking for Dow 11,235 by election day, on the Republican victory and QE2. My ValuTrader model portfolio was up 35.2% in 2010, solidly beating the S&P 500. At year end, my call for 2011 has been a Dow top below 12,600.

Reviewing Reasons to Book Profits:

1. The fundamentals showed that stocks were overvalued and we have had three ValuEngine valuation warnings when more than 65% of all stocks are overvalued. The January warning was ignored by the market, but so far stocks peaked with the warning issued on February 18th and re-iterated on March 3rd. During this period, we have seen many days where all sixteen sectors have been overvalued, with eight to eleven by double-digit percentages. The Dow high was 12,391.29 on February 18th.

2. I believe that the Federal Reserve will allow QE2 to end at the end of June and that there will be no QE3. At that meeting the FOMC will remove “extended period” from their statement. The federal funds rate has been zero to 0.25% since December 16, 2008.

3. The weekly chart for the Dow Industrial Average has been overbought since the week of October 9, 2010. Momentum needs to fall below 8.0 and the Dow must have a weekly close below the five-week modified moving average, which ended last week at 12,017. A negative weekly chart confirms the market top.

4. It will be hard to maintain a bull market with European debt issues, African and Middle-East political unrest, problems at US state capitals, and inflationary pressures in China.

5. The housing market remains depressed and community banks remain stressed.

Key Levels for the Major Equity Averages

· The Dow Industrial Average (12,213) Libya Trading Range: 11,983 to 12,391. My annual value level is 11,491 with a daily pivot at 12,205, and weekly and monthly risky levels at 12,483 and 12,741.

· The S&P 500 (1320.0) Libya Trading Range: 1294 to 1344. My quarterly value level is 1262.5 with a daily pivot at 1317.0, and weekly and monthly risky levels at 1350.3 and 1381.3.

· The NASDAQ (2752) Libya Trading Range: 2706 to 2840. My monthly value level is 2629 with a daily pivot at 2745, and weekly, quarterly and monthly risky levels at 2829, 2853 and 2926.

· The NASDAQ 100 (NDX) (2323) Libya Trading Range: 2285 to 2403. My monthly value level is 2250 with a daily pivot at 2328, and weekly, quarterly, and monthly risky levels at 2398, 2438 and 2499.

· Dow Transports (5147) Libya Trading Range: 4918 to 5306. My quarterly value level is 4671 with weekly, daily and annual pivots at 5052, 5086 and 5179. The Transports closed below its five-week modified moving average in each of the two weeks with declining momentum, which is a negative weekly chart profile. A close above this week’s five-week at 5111 shifts the weekly chart to neutral.

· The Russell 2000 (824.66) Libya Trading Range: 795 to 838. My quarterly value level is 765.50 with a daily pivot at 816.86, and weekly, daily and monthly risky levels at 831.09 and 850.79.

· The Philadelphia Semiconductor Index (SOX) (447.94) Libya Trading Range: 439 to 474. My monthly value level is 402.46 with a daily pivot at 436.99, and monthly and quarterly pivots at 453.89, 458.32 and 465.93, and weekly risky level at 485.92.

10-Year Note – (3.475) Daily, weekly, annual, and semiannual value levels are 3.544, 3.642, 3.796 and 4.268 with monthly, annual, and semiannual risky levels at, 3.002, 2.690, 2.441, and 2.322.

Comex Gold – ($1429.6) Weekly, annual, quarterly, semiannual and annual value levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and quarterly pivots at $1437.7 and $1441.7, and daily and semiannual risky levels at $1446.3 and $1452.6.

Nymex Crude Oil – ($104.16) Weekly, monthly and semiannual value levels are $97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and semiannual, daily and quarterly risky levels are $107.14, $107.24 and $110.87.

The Euro – (1.3904) My quarterly value level is 1.3227 with a daily pivot at 1.4040, and weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.

Daily Dow: (12,213) Annual, quarterly, semiannual, and semiannual value levels are 11,491, 11,395, 10,959, and 9,449 with a daily pivot at 12,205, and weekly, monthly and annual risky levels at 12,484, 12,741 and 13,890.’

ETFs React to Jobless Claims and Deficit [email protected] (Tom Lydon), On Thursday March 10, 2011, 11:40 am EST ‘Exchange Traded Funds (ETFs) dropped Thursday, with the bears in control after data showed rising jobless claims and growing U.S. and Chinese trade deficits.

The number of people seeking unemployment benefits rose last week. But the rise comes after applications hit their lowest level in nearly three years and economists expect further declines as the economy improves. Applications increased by 26,000 to a seasonally adjusted 397,000 during the week ended March 5, the Labor Department said Thursday. The four-week average, a less volatile measure, rose to 392,250. The average fell to its lowest level since July 2008 two weeks ago. The latest report covers the week after the Presidents’ Day holiday, when many government offices were closed. Applications usually rise in weeks following holiday-shortened weeks. The SPDR Dow Jones Industrial Average (NYSEArca:DIA) is down 1.5% in morning trading.

A surge in oil prices helped push imports up at the fastest pace in 18 years in January, giving the country the largest trade deficit in six months. The Commerce Department said Thursday the January deficit increased 15.1 percent to $46.3 billion. Exports rose 2.7 percent to an all-time high of $167.7 billion. But imports rose a faster 5.2 percent to $214.1 billion. That reflected a big jump in America’s foreign oil bill, underscoring concerns that surging oil prices could slow the economic recovery. A widening trade deficit hurts the U.S. economy. When imports outpace exports, more jobs go to foreign workers than to U.S. workers. The Direxion Daily Energy Bear 3x Shares ETF (NYSEArca:ERY) rose over 9% in early trading.

Europe’s leading stock markets retreated Thursday as euro zone debt fears sparked by a credit downgrade to Spain overshadowed news of positive company earnings, traders said. “Markets are taking another pasting … mainly on the back of Spain getting downgraded by Moody’s,” said Spreadex trader Chris Purdy . The markets are looking at higher oil prices and the continued concern over European debt. The iShares S&P Europe 350 Index ETF (NYSEArca:IEV) is down approximately 2% today.

Asian shares declined Thursday as escalating fighting in Libya and China’s unexpected trade deficit for February sparked a sell-off in the region. The fall in Shanghai came after the country posted a $7.3 billion trade deficit in February, compared with expectations of a surplus, as exports and imports growth slowed sharply, bearing the impact from the Chinese New Year holidays during the month. “One thing we are more certain about is that China’s trade surplus is most likely to decline at a faster rate than anyone expected this year… A much smaller trade surplus means that the external pressure on yuan appreciation would be less,” said Wei Yao, China economist at Societe Generale in Hong Kong . iShares FTSE/Xinhua China 25 Index (NYSEArca:FXI) is down this morning about 1.3%.

Gregory A. Clay contributed to this article.’

Deja Vu - Nasdaq Breaks 50 Day Moving Average Trader Mark ‘Let's try this again - we just had this conversation Monday. The NASDAQ (QQQQ) - yet again - has broken the 50 day moving average, although today's move is more impressive than the last occurrences as it was a gap down situation. Hence, no part of today's range in the index has been above the 50 day moving average. When this break of support happened early afternoon Monday, the NASDAQ turned on a dime and rallied 1% in just over 2 hours.

[chart]

(Click charts to expand)

As I state constantly, what matters is the CLOSING price, not the intraday price, BUT today's action is not looking prone to a 'stick save' situation (late day rally) as we saw the other times this happened the past few weeks. Hence I would be quite surprised if 'dip buyers' were bailed out today. As for 'da bears' - they want to see a close below 2730 on NASDAQ.

The S&P 500 (SPY) has come down to sniff the 50 day moving average as well, but the NASDAQ has been the indicator of where the bulls charge in the past few weeks so I'll keep a closer eye there. Obviously a close below 1294 on this index would be a double whammy. That would be both a close below the 50 day moving average AND a close below the intraday low of 2 weeks ago.

[chart]

No place for heroes here - I continue to stress caution and de-risking. Remember, we have major air pockets below these key supports since the rally has been so vicious and shorts eviscerated for half a year; therefore they are not going to provide the natural support as in a normal market when they cover.

It is fun to see a 2 way market once again - first time since November.’

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 Paul Joseph Watson | Massive conflict will prompt stock market collapse, predicts cycle strategist Nenner.

QE 3 and the Coming Rout Chris Martenson | There’s a scenario that could play out between May and September.

Oil prices drop before US data, Saudi protests AFP | Traders kept a wary eye ahead of US data and planned protests in oil kingpin Saudi Arabia.

Faber: Oil will go up ‘ballistically’ if unrest shifts to Saudi Arabia Business Intelligence Middle East | Marc Faber sees oil prices extending their bull run despite the 15% run-up this year alone.

Jobless Claims in the U.S. Rose 26,000 Last Week to 397,000 Bloomberg | First-time claims for jobless benefits rose last week from an almost three-year low.

8 Reasons Why Silver Is the Investment of the Decade If there’s one asset that’s heated up over the last several months amid tensions in the middle east and a second round of the Federal Reserve’s quantitative easing, it’s silver.

Should We Be Alarmed That The Biggest Bond Fund In The World Has Dumped All Of Their U.S. Treasury Bonds? Bill Gross, the manager of the biggest bond fund in the world, has forgotten more about bonds than most of us will ever learn. That is why the big move that PIMCO has just made is so unsettling.

Bernanke Tries To Explain Why A Ponzi Scheme Is A Perfectly Acceptable System For Post Civil-War America, Fails The following exchange between Ben Bernanke and Senator Kirk is a must watch for everyone who wonders how Ben Bernanke justifies the fact that America is now an open Ponzi scheme.

Gasoline cost to jump $700 for average household U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28 percent from last year, the Energy Department said on Wednesday.

National / World

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 Paul Joseph Watson | Massive conflict will prompt stock market collapse, predicts cycle strategist Nenner.

Bob Bowman: Star Wars Secrets & Lies Paul Joseph Watson | Former head of SDI blows the whistle on the militarization of space.

Stealing from Social Security to Pay for Wars and Bailouts Paul Craig Roberts | The government of the United States does not represent the American people. It represents the oligarchs.

Doctors Report Bahrain Using Nerve Gas On Demonstrators Kurt Nimmo | Bahraini PM states the monarchy is permitted to use chemical weapons against its citizens.

Egyptian Revolution? Globalists Own Both Horses In Two Horse Race Paul Joseph Watson | Welcome to “democracy,” new world order style.

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 When cycle forecaster Charles Nenner told the Fox Business network yesterday that the Dow Jones was set to collapse to the 5,000 level on the back of a “major war” that will shake the globe at the end of 2012, hosts David Asman and Elizabeth MacDonald sat in stunned silence.

Oil Trims Losses After Saudi Police Fire On Protesters Crude-oil futures pared losses Thursday after reports Saudi police opened fire at protesters in the eastern city of Qatif.

Congressman: TSA “Cooked The Books” To Discourage Use Of Private Security Contractors In Airports The chairman of the House Transportation and Infrastructure Committee has charged that the TSA intentionally fixed data to ensure that federal workers were employed to screen airport passengers, rather than private contractors.

Two Fresh TSA Gropedown Videos: Pregnant Woman pulled aside, TSA Thugs Block Man From Filming Wife Being Groped Two new videos taken by concerned Americans accosted by the TSA in airports. The first shows a pregnant woman being groped by an officer. The second shows TSA agents blocking a man from recording TSA agents touching his wife, even after a supervisor had overruled them and said the man had the right to film.

Bob Bowman: Star Wars Secrets & Lies Robert M. Bowman, a former Director of Advanced Space Programs Development for the U.S. Air Force in the Ford and Carter administrations has been targeted with death threats, government harassment and three tax audits in two years as a consequence of his bold truth-telling activism, which all started when he blew the whistle on the fact that Reagan’s Star Wars program was an offensive act of military conquest in space and a means of waging aggressive pre-emptive warfare, disguised as a defensive program.

Saudi police open fire on demonstrators MSNBC.com | Word of the protest helped drive oil prices back up on international markets.

Qaddafi’s Son Says It’s Time For Full-Scale Military Action Qaddafi’s son Saif Al-Islam says the time has come for full-scale military action against the rebels, in an interview with Reuters. While France says Libya’s rebel national council is the only legitimate representative of the country, and will seek to engage in targeted airsrtikes.

Three BBC journalists ‘detained and beaten’ in Libya Three BBC journalists were “detained and beaten” before being subjected to a mock execution while reporting in battle-torn Libya, the news organisation reported Wednesday.

Drudgereport: SARKOZY, CAMERON TAKE CHARGE ON LIBYA...
HILLARY: U.S. should wait for world to act...
Top U.S. Spy: GADHAFI WILL PREVAIL...LIBYA BURNS AS NATO SQUABBLESIll. Gov. Slaps Tax on Internet Sales...
Targets AMAZON...
Major ad firm threatens to leave state...
Part of growing battle in cash-starved states... OBAMA: I was bullied…[Maybe that accounts for his precarious mental state and compulsive need to b*** s***… he’s so pathetic!]... Michelle Obama Sports $1,000 Handbag… (the wobamas are such jive-tallkers) ... Gang Rape of 11-Year-Old Girl Sparks Racial Tensions in Texas Town…[ People are tired of soft-peddling and making up excuses for blacks panthers as with the holder department of injustice…This is very commonplace in Sub-Saharan Africa. ]...

Gas Prices Up 67% Since Obama President... Elite journalist club bans CSPAN from covering Obama at posh dinner... Jesse Jackson: We're 'Going To Escalate The Protests'... Wisc. lawmakers curb public worker bargaining power...
Pandemonium in Wisc as protesters storm Capitol over union vote...
[ Wis. Senate strips workers' bargaining rights Vote by Republicans bypasses chamber's missing Democrats (Washington Post) [ Drudgereport: Drudge is reporting, and I think Charlie Sheen would agree, that in Wisconsin, the GOP is … duh … winning … and conversely, the dems / unions are … duh … losers, trolls, etc… just kidding …]

World's biggest bond fund dumps all U.S. debt...

UNIONS LOSE IN WI

WI GOP pushes through union bill...
'ENOUGH IS ENOUGH'...
Gov. Walker applauds...
DEMS SCRAMBLE BACK...

SHOCK: 82% of US schools 'failing'... Gasoline cost to jump $700 for avg household... Libya Tanks Move In To Crush Rebel Stronghold...
Carnage in Rebel City...
FOOTAGE: Libyan war plane shot down...
Obama, Cameron discuss plan of action... Hoyer: No Balanced Budget for 15-20 Years 'We've Dug Such a Deep Hole'... FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
FRESHMAN DEM. SENATOR: OBAMA HAS 'FAILED TO LEAD'... Mayors to Unions: 'Dire fiscal straits' without 'dramatic' changes...
Anger Brews Over Government Workers' Benefits... UNREST IN THE MIDWEST: Now Michigan... WELFARE NATION: ONE-THIRD OF ALL WAGES ARE HANDOUTS... ROMNEY: Obama Misery Index hits record high... OPEC VOWS NEW PUMPING...
OIL HOLDS NEAR $105...
Roubini: Will Hit $150... Sheen: 'I'm really starting to lose my mind'... ‘In what appears to be a 180 degree turn around from his daily proclamations of having “tiger’s blood” and “Adonis DNA,” Charlie Sheen admitted “I’m really starting to lose my mind” in the new issue of “Life & Style.”

U.N. alarmed by surge in civilian casualties in Afghanistan (Washington Post) [ No, gates has already addressed that … minor setbacks, says he … Turmoil jars U.S. counter-terror efforts (Washington Post) [ Now how does this come as a surprise to anyone? Beyond america’s propaganda machine, orwellian england, etc., just how do think the war crimes, invasions, pillaging and plundering, and killing of innocent children, women, and men by pervasively corrupt, defacto bankrupt america et als for the sake of the u.s. military military complex are viewed by the rest of the world, and particularly the subject region. Euphemistically but realistically speaking, ‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

U.N. confirms probe into allegations of torture by Gaddafi's forces (Washington Post) [ Well we all know how effective the u.n. has been in enforcing the mandate against torture / war crimes in light of their stern rebuke / sanctions / action against the u.s. / israel … riiiiight! http://albertpeia.com/evilonthetarmac.htm ]

Dispute threatens trade agenda (Washington Post) [ Agenda? What agenda? Come on! A cursory look at the consistent and persistent trade numbers and one must conclude that they’d safe some face and be thought of just a wee bit better than worse than bad if they stated they have no agenda. My computer is under constant hack-attack and truth be told, I’ll be going linux / non-windows with my next ‘non-american’ made computer (this dell just can’t hack the hacks / barrage). Let’s not kid ourselves, there is nothing ‘made in america’ (even most components of ‘domestic’ products are made overseas) that can’t be made elsewhere better and cheaper except for the ubiquitous fraud for which pervasively corrupt, defacto bankrupt america has no peer…

Taxpayers caught in middle of Fannie lawsuit (Washington Post) What could be worse than taxpayers paying more than $100 million to defend a shareholder-owned company and its former executives in a private lawsuit? [ What could be worse? Not prosecuting the massive wall street frauds in the trillions with jail, fines, and disgorgement the goal.…. Top Economists: Trust is Necessary for a Stable Economy … But Trust Won’t Be Restored Until We Prosecute Wall Street Fraud Most policy makers still don’t understand the urgent need to restore trust in our financial system, or the need to prosecute Wall Street executives for fraud and other criminal wrongdoing ….. 'Gang of 6' takes deficit fight to public (Washington Post) [ Riiiight! I like that term, gang, as applied to capital hill. Indeed, without exaggeration or sarcasm I posit the realistic existence of government mob, relative to other mob designations as ie., mafia, irish mob, jewish mob, etc., based not on what they say they do but on what they actually do. That now corrupted supreme court of old’s test for obscenity; viz., ‘you know it when you see it’. And, haven’t we been seeing it for quite some time now; the corruption, the corruptibility, the lobbyists, the military industrial complex, the look the other way for the massive frauds on wall street, the bribes in one form or another before or after the fact? The ‘gangs’ should be shouldering the burden first, then come asking those who foolishly trusted them. Why Social Security is welfare (Washington Post) [ What does it matter what you call it? Part of america’s defacto bankruptcy? Most assuredly (I haven’t even looked at the Bloomberg propaganda piece which by its very title is an insult to intelligence; after all, we all know they can continue to print evermore worthless fiat currency which in reality does not change the ultimate reality of america’s defacto bankruptcy but merely exacerbates while forestalling a realistic assessment of the magnitude of the crisis. The fact is that there are others, culpable in creating this crisis who should be shouldering the burden first; ie., frauds on wall street via prosecution, fines, disgorgement; Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’ ; SEC on the hot seat (Washington Post) [ Oooooh! The capital hill hot seat … shilling for no more than a grilling. House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

] Here is how I define a welfare program.

] While Washington bickers noisily over cutting a small slice of the federal budget, Sens. Mark Warner, a Virginia Democrat, and Saxby Chambliss, a Georgia Republican, launch a campaign to convince the public that merely cutting spending will do little to tame the $14 trillion national debt.

]

] A battle over a proposed free-trade agreement with Colombia is undercutting U.S.'s pact with South Korea

In Senate's debt debate, talk isn't cheap (Washington Post) [ Oh, but it is cheap! Very cheap relative to the magnitude of the insurmountable debt … here’s an initial and astute vote of ‘no confidence’ … Drudgereport: `World's biggest bond fund dumps all U.S. debt...` Senate still wrangling over spending bill (Washington Post) [ Few signs of compromise on budget details (Washington Post) [ Come on … wake up! The cuts they’re quibbling over don’t even cover interest on the national debt! Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Senate leaders delayed until Wednesday consideration of a bill to fund the government through Sept.

Wis. Senate strips workers' bargaining rights Vote by Republicans bypasses chamber's missing Democrats (Washington Post) [ Drudgereport: Drudge is reporting, and I think Charlie Sheen would agree, that in Wisconsin, the GOP is … duh … winning … and conversely, the dems / unions are … duh … losers, trolls, etc… just kidding …

Drudgereport: World's biggest bond fund dumps all U.S. debt...

UNIONS LOSE IN WI

WI GOP pushes through union bill...
'ENOUGH IS ENOUGH'...
Gov. Walker applauds...
DEMS SCRAMBLE BACK...

ARTICLE: Charlie Sheen Attacks Jon Cryer.

“She can’t keep them from me,” Sheen says of his estranged wife, Brooke Mueller. “I won’t let her—I’ll do anything to get them back.”Sheen, 45, who has made four disturbing live web broadcasts from his compound in Sherman Oaks, CA, admits that even his lawyer, Marty Singer, has expressed concern about him.

PHOTOS: Charlie Sheen's Long List of Lady Friends.

“My lawyer wants to come over to my house and take the bullets out of my gun," he told the magazine.A party pal of Charlie’s tells the magazine, "It's crazy over here at the house—Charlie's losing it. He's really mad about the show, and dealing with the kids and Brooke is getting to be too much. Charlie is a ticking time bomb, and we all fear he could do something drastic like committing suicide or falling back on hard drugs."

ARTICLE: 'Tiger Blood' Drink Goes On Sale.

Sheen, who appeared on a Beverly Hills rooftop Monday, brandishing a machete, realizes that his bizarre behavior has many concerned."I'm really trying to contain myself right now," he said.

ARTICLE: 'Men' Co-Star Is Sheen's Lone Defender.

If that's true, he's not doing a good a job of it, because Sheen widened his list of targets to include his former "Two and a Half Men" co-star, Jon Cryer, on Tuesday.Cryer had managed to stay out of the fray during Sheen's fall from grace at CBS, but his luck ran out.

ARTICLE: Can 'Two and a Half Men' Survive? Just Ask 'Three's Company.'

"Jon has not called me. He's a turncoat, a traitor, a troll. Clearly he's a troll," Sheen told E! News. "He issued a statement. Is it gonna take me calling him a 'traitor, juvenile and scared' for him to get it?"Cryer has actually not issued an official statement since Sheen was fired from the hit CBS sitcom “Two-And-A-Half Men” on Monday. But he may want to issue one now, because Sheen has not stopped ranting about his enemies since his dismissal, and once you are on his crosshairs, it seems you never escape.

ARTICLE: Sheen's Kids Could Be Next on Reality Show.

Tuesday night was the latest case in point, as Sheen blasted his list of hated CBS executives one by one with yet another nonsensical, barely decipherable scripted screed on Ustream. "A high treason has occurred. The scales of justice are in a state of radical disarray. Together we must right this infantile wrong… What happened yesterday was completely and entirely illegal, unconscionable and to quote my lawyer 'really shi**y shi**y suck suck'," Sheen, the self-proclaimed “Malibu Messiah,” said before launching into a strange diatribe in his fourth "Sheen's Korner" webcast, in which he saved his most savage attacks for producer Chuck Lorre – calling him everything from a “silly clown,” to “little worm” and “loser.”

Gaddafi forces engage in fierce battle Regime loyalists in Libya mount assaults to reclaim ground (Washington Post) [ 41 years in power … Hey, when interviewed by Charlie Sheen on SNL he seemed rather spry …

Sheen's-Korner, Ustream.TV You're either in Sheen's-Korner or you're with the trolls... [and the big question is which trolls … the pat_trolls, the con_trolls, the troll_eys, the troll_ups, etc.? ] http://www.ustream.tv/charliesheen Archived Web Site File: http://www.albertpeia.com/Sheen's-Korner,Ustream.TVYou'reeitherinSheen's-Korneroryou'rewiththetrolls.flv (448mb) (for whatever reason, this file did not open properly in my somewhat older player and I didn’t have time to download another to determine if the problem is with the viewer or the file, but will, and will indicate the result here. )

Here’s SNL’s take on the Sheen webcast [ This was the first time I’d seen Miley Cyrus in anything and I must say she is truly a star, albeit a very precocious one; this SNL was absolutely hilarious across the board! ]

http://www.saturday-night-live.com

Part of the webcast: www.youtube.com/watch?v=HIx4_t26AAs

With neither side able to muster overwhelming force, the result appeared to be a bloody stalemate, with the death tolls rising in both east and west.Intense international deliberations come as troops loyal to Gaddafi continue to besiege the rebel-held city of Zawiyah, 27 miles west of Tripoli.] The vote comes after a maneuver by GOP members that split the proposal to curtail union rights from legislation requiring a quorum.

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

The theory behind utilities' performance as it relates to the S&P 500 (IVV) does have a logic behind it. Because utility companies in general are local monopolies which have high infrastructure costs, most tend to have high levels of debt and are thus especially sensitive to intermediate/long-term interest rates. Growth in revenue is not the primary source of profits, but rather costs are.

What this means is that fundamental investors in utilities would really put money to work in the sector if they expected interest rates to fall, because that lowered cost of capital would benefit profits in a substantial way. Thus, the outperformance of utilities against the broader market is because of expectation that interest rates fall (the yield curve flattens).

So while the Dow Jones Industrial Average (DIA), the S&P 500 (IVV), and particularly the Russell 2000 (IWM) have all gone effectively nowhere in price with high volatility, the utilities sector has consistenly been up more/down less on those big up and big down days we've been experiencing. Take a look below at the price ratio of utilities (IDU) to the Dow (DIA). As a reminder, a rising price ratio means the numerator/IDU is outperforming (up more/down less) the denominator.

Click to enlarge:

[chart]

The message from utilties investors is clear: Expect lower long interest rates in the near future. And since interest rates and the yield curve are a leading indicator of the economy and the broad stock market, we may very well be in the early stages of a correction.’

Market Thrill Ride Continues: Dave's Daily ‘Within most thrill rides there can be a pause before the next level of excitement whether it's a climb or hitting the next big drop. Markets Wednesday ran out of steam despite ongoing MENA [Middle East and North Africa] violence and oil disruptions. Crude oil was fractionally lower due to an inventory build but that's really old news. Iraqi production was rumored as halted and Libyan oil is not flowing. Tech remains weak especially after disasters for fiber optic leaders like FNSR, CIEN and JDSU. Also semi's remained down and SMH broke its 50 day MA. The Fed wasn't idle as more POMO was released to Da Boyz who didn't do much with it...yet. As an aside our contractor stopped by today and was bemoaning gas prices. His wife works for a local Ford dealer and they had a huge January but now sales have stopped. Such is the impact of higher fuel prices. Volume came in about average on the day while breadth per the WSJ was mixed to negative.’

STOCKS SLIDE, TECH HAMMERED, COPPER CRUSHED: Here's What You Need To Know Weisenthal ‘Yesterday was up, so today was down. That's the way this market is behaving right now.

But first, the scoreboard:

Dow: -0.38
NASDAQ: -14.73
S&P 500: -1.63

And now, the top stories:

First, we'll get a note on Libya out of the way. It was basically the same-old same-old, except with more bombing and fires at oil facilities. No big movement in one way or another.

Going back a bit, remember that yesterday was a big up day for stocks. However, the mood was negative after hours after some ugly numbers form Finisar and Texas Instruments.

Overnight, things were fairly quiet, except that Eurozone spreads continue to blow out.

Economic news in the US pretty much didn't happen. Bill Gross caused a stir when it came out that he had completely sold out of US Treasuries, though of course that was totally in line with what he called for earlier, so it's not a big shock.

In the end, tech was the worst loser, thanks to those tech earnings. Copper got really hammered (quite ominously), and oil even fell a little bit.

Today was the 2-year anniversary of the 2009 bottom.’

The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call on the U.S. stock market, I base it on both fundamental and technical factors. The fundamentals show that stocks are overvalued and we have had three ValuEngine Valuation Warnings so far this year. The January warning was ignored by the market but so far stocks peaked with the warning issued on February 18 and re-iterated on March 3. During this period we have seen many days where all 16 sectors have been overvalued, with eight to 11 by double-digit percentages. Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by double-digit percentages.

ValuEngine provides valuation, forecast, and ratings data for a universe of more than 5,500 stocks. When more than 65% of all stocks are calculated to be overvalued, we issue a ValuEngine Valuation Warning. We do this because in the past this level of overvaluation has often been correlated with market corrections and downturns. Conversely when more than 65% of all stocks are undervalued additional weakness provides buying opportunities. On March 5, 2009 the percentage of undervalued stocks reached 91%.

The technical factors ignore the daily charts as timing a cycle high requires confirmation from the weekly charts and having risky levels from my proprietary analytics to judge how high markets can go before they top out. Right now the major averages are stuck in want I call the "Libya Trading Ranges," which are the February 18 highs down to the February 24 lows. The weekly chart profiles are positive, but overbought for all major averages except Dow Transports. To confirm a cycle high, all major averages must have weekly closes below their five-week modified moving averages with weekly 12x3x3 weekly slow stochastic readings declining below 8.0 on a scale of zero to 10.0.

This dynamic is being delayed as the major equity averages straddle their 50-day simple moving averages. The Dow Industrial Average and S&P 500 have been above their 50-day since December 1. They're now at 11,967 Dow and 1298.81 S&P 500. The NASDAQ and NASDAQ 100 have tested their 50-day several times since February 23, six days for the NASDAQ with the 50-day now at 2742.35 and four days for the NASDAQ 100 with the 50-day now at 2314.18. The Russell 2000 tested and held its 50-day on February 22 and February 23 and today the 50-day is 802.42. The Philadelphia Semiconductor index tested and held its 50-day the past two days at 444.47 and has been above the 50-day since September 24. Dow Transports has been below its 50-day since February 22 and has been tested as resistance twice, and closed above 5111 yesterday. A weekly close above the five-week shifts Transports to neutral delaying the market top.

Key Levels for the Major Equity Averages

The Dow Industrial Average (12,214) Libya Trading Range: 11,983 to 12,391. My annual value level is 11,491 with daily, weekly and monthly risky levels at 12,249, 12,483 and 12,741. The five-week modified moving average has been tested in each of the past three weeks and this week the average is 12,060.
The S&P 500 (1321.8) Libya Trading Range: 1294 to 1344. My quarterly value level is 1262.5 with daily, weekly and monthly risky levels at 1331.2, 1350.3 and 1381.3. The five-week modified moving average has been tested in each of the past three weeks and this week the average is 1307.
The NASDAQ (2766) Libya Trading Range: 2706 to 2840. My monthly value level is 2629 with daily, weekly, quarterly and monthly risky levels at 2798, 2829, 2853 and 2926. The NASDAQ traded below its five-week modified moving average in each of the past three weeks without a weekly close below, and this week the average is 2755.
The NASDAQ 100 (2338) Libya Trading Range: 2285 to 2403. My monthly value level is 2250 with daily, weekly, quarterly, and monthly risky levels at 2370, 2398, 2438 and 2499. The NASDAQ 100 traded below its five-week modified moving average in each of the past three weeks without a weekly close below, and this week the average is 2327.
Dow Transports (5147) Libya Trading Range: 4918 to 5306. My quarterly value level is 4671 with weekly, daily and annual pivots at 5052, 5119 and 5179. The Transports closed below its five-week modified moving average in each of the two weeks with declining momentum, which is a negative weekly chart profile. A close above this week’s five-week at 5111 shifts the weekly chart to neutral.
The Russell 2000 (824.66) Libya Trading Range: 795 to 838. My quarterly value level is 765.50 with weekly, daily and monthly risky levels at 831.09, 835.56 and 850.79. The five-week modified moving average has been tested in each of the past three weeks and this week the average is 810.47.
The Philadelphia Semiconductor Index (447.94) Libya Trading Range: 439 to 474. My monthly value level is 402.46 with a monthly pivot at 453.89, daily and quarterly pivots at 458.32 and 465.93, and weekly risky level at 485.92. The five-week modified moving average has been tested in each of the past three weeks and this week the average is 450.51.

The trading strategy in this environment is what I have been calling "Buy and Trade," where you buy weakness to a value level and sell strength to a risky level. Here are the guidelines.

Buy and Trade Strategies for Long Positions

Value Level – The price at which you establish an additional long position on share price weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.
Risky Level – The price at which you remove a single long position or reduce a multiple long position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.

Buy and Trade Strategies for Short Positions

Value Level – The price at which you remove a single short position or reduce a multiple short position on share price weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.
Risky Level – The price at which you establish an addition short position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.

10-Year Note – (3.542) Weekly, annual, and semiannual value levels are 3.642, 3.796 and 4.268 with a daily pivot at 3.523, and monthly, annual, and semiannual risky levels at, 3.002, 2.690 and 2.441.

Comex Gold – ($1429.0) Weekly, annual, quarterly, semiannual and annual value levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and quarterly pivots at $1437.7 and $1441.7, and daily and semiannual risky levels at $1450.1 and $1452.6.

Nymex Crude Oil – ($104.78) Weekly, monthly and semiannual value levels are $97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and semiannual, daily and quarterly risky levels are $107.14, $107.71 and $110.87.
The Euro – (1.3900) My quarterly value level is 1.3227 with a daily pivot at 1.3953, and weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.

Daily Dow: (12,214)Annual, quarterly, semiannual, and semiannual value levels are 11,491, 11,395, 10,959, and 9,449 with daily, weekly, monthly and annual risky levels at 12,249, 12,484, 12,741 and 13,890.’

Stocks End Lower After Mixed Session Midnight Trader ‘4:26 PM, Mar 9, 2011 --

NYSE down 14.60 (-0.2%) to 8,379.44
DJIA down 1.29 (-0.01%) to 12,213
S&P 500 down 1.80 (-0.1%) to 1,320
Nasdaq down 14.05 (-0.5%) to 2,752

GLOBAL SENTIMENT

Hang Seng up 0.42%
Nikkei up 0.61%
FTSE down 0.63%

UPSIDE MOVERS
(-) RIG gets favorable analyst coverage.
(+) COOL continues evening gain that followed results.
(+) AVAV continues evening gain that followed results.
(+) CRDN boosts guidance.
(+) BLT beats with Q4 results.
(-) VELT gets favorable analyst coverage.
(+) AEZS inks Japan deal.
(+) HERO beats with results.
(+) STP continues gain Tuesday that followed improved quarter.
(+) AEO results top year-ago period; CEO to retire.
(+) PLCE issues mixed results, guides below Street, sets buyback.

DOWNSIDE MOVERS
(-) FNSR warns for Q4.
(-) JDSU follows FNSR after warning.
(-) ALU follows FNSR after warning.
(-) OCLR follows FNSR after warning.
(-) CIEN follows FNSR after warning, own results Tuesday.
(-) EPB selling shares.
(-) DYN warns of possible bankruptcy.
(-) POT downgraded.

MARKET DIRECTION

Stocks closed just in the negative following a mixed session. Investors gauged continuing conflict in the Middle East and North Africa along with worrisome outlooks from the tech sector and data that showed a rise in wholesale inventories that topped expectations.

Crude oil futures closed lower after a government report showed a larger-than-expected 2.5 million-barrel increase in weekly U.S. oil inventories. April crude fell 64 cents to end at $104.38 a barrel on the New York Mercantile Exchange.

Still, gasoline futures finished higher as the data also revealed a 5.5 million-barrel decline in supplies of the fuel. April gasoline tacked on 8 cents, or 2.7%, to close at $3.027 a gallon.

Libyan forces loyal to Muammar Gaddafi surrounded rebels in the western city of Zawiyah with tanks and snipers in the main square, witnesses said, according to news reports.

Adding to concerns about the global economy, the Portuguese government's two-year cost of borrowing hit the highest level since it joined the euro in a bond auction on Wednesday, and an official said yields were unsustainable in the long run without Europe-wide action, the AP reported.

A report showed U.S. wholesale inventories increased more-than-expected, rising 1.1% to a seasonally-adjusted $436.88 billion in January. That is the highest level since November 2008. Economists had expected a 0.9% increase.

Shares of Finisar (FNSR) tumbled as did ADRs of Alcatel-Lucent (ALU), shares of Ciena (CIEN), Oclaro (OCLR) and JDS Uniphase (JDSU), all in the wake of a worrisome outlook from Finisar.

Shares of Texas Instruments (TXN) fell after it said it expects Q1 revenue in the range of $3.34 to $3.48 bln, within its previous guidance range of $3.27 to $3.55 bln and in line to just below the Street view. EPS are seen in the range of $0.56 to $0.60 per share, vs. previous expectations of $0.54 to $0.62 per share and the Street view of $0.59 per share.

In company news:

ING Groep (ING) is preparing to sell its U.S. online-banking division in a move to meet European Union conditions for the bank's bailout, Bloomberg reports. A spokesman for the Amsterdam-based bank said "we agreed with the European Commission to sell ING Direct USA before 2013, as well as our insurance and investment management operations."

Walgreen (WAG) says it will sell its pharmacy benefit management business, Walgreens Health Initiatives, Inc, to Catalyst Health Solutions, Inc. (CHSI) for $525 million in cash. The transaction is expected to close by the end of June. Walgreen will provide certain services to CHSI after closing to facilitate a smooth transition for existing customers and patients.

Dynegy (DYN) is down after the company said in an SEC filing it may be forced to file for bankruptcy protection, according to a Marketwatch report. The company said it may not be able to comply with debt payments by Q3 or Q4 of this year, the report said.

Shares of Merck (MRK) are higher after the drug maker said that the new drug application for SAFLUTAN (tafluprost), its investigational preservative-free prostaglandin analogue ophthalmic solution, has been accepted for standard review by the FDA. According to the company, it submitted an NDA to support the proposed use of SAFLUTAN for the reduction of elevated intraocular pressure (IOP) in patients with primary open-angle glaucoma or ocular hypertension.

BP (BP) is down even as oil trades above $105 a barrel, after Chief Executive Bob Dudley apologized for the Gulf of Mexico oil spill during a major oil industry conference. Dudley assured the audience BP is working to prevent a recurrence of last year's Deepwater Horizon explosion and oil spill that killed 11 workers and led to a ban on deepwater drilling in the Gulf. He said BP already has stopped production at two platforms and closed a pipeline to address maintenance issues, according to the AP.

In earnings news:

-The Children's Place (PLCE) reports Q4 sales of $453.2 mln, below the analyst consensus of $467 mln on Thomson Reuters. Adjusted EPS was $1.22 per share, vs. estimates of $1.01 per share. The company also announced its board authorized a new share repurchase program in the amount of $100 million.

-Shares of Boston Beer Co. (SAM) are sharply lower after the beer maker reported yesterday that Q4 EPS of $0.87 compared to $0.52 a year earlier but below the Street view for $0.90. Revenue improved to $126.3 million, up from $117.5 million. The Street was at $118.5 million. The company guides for FY EPS at $3.45 to $3.95, straddling the Street view for $3.51.

-TICC Capital (TICC) falls after it says it had net investment income of $0.24 per share in Q4, below the Thomson Reuters mean for a quarter.

-The Bon-Ton Stores (BONT) rises after it says Q4 sales were $1.01 billion, just below the Thomson Reuters mean for $1.02 billion. Net income was $4.41 per share. The Thomson Reuters mean, usually less items, was $4.30. 2011 EPS are seen between $1.00 to $1.50.’

21 Signs Of Impending Doom For The 2011 Economy ‘If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention. The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly.

The American Dream
Wednesday, March 9, 2011

If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention. The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly. Right now there is major civil unrest in at least a dozen different nations in Africa and the Middle East. The civil war going on in Libya has sent the price of oil skyrocketing and the protests that are scheduled to begin in Saudi Arabia later this month could send oil prices even higher. Meanwhile, the sovereign debt crisis in Europe just seems to get worse by the day. Several nations in Europe are suddenly finding that it has become extremely expensive to finance more debt. It appears that it will only be a matter of time before more bailouts are needed. Meanwhile, the United States is also covered in a sea of red ink and the economic situation in the largest economy on earth continues to deteriorate rapidly. It is as if the entire world financial system has caught a virus that it just can’t shake, and now it looks like another massive wave of financial disaster could be about to strike. Does the global economy have enough strength to weather a major oil crisis in 2011? How much debt can the largest nations in North America and Europe take on before the entire system collapses under the weight? Will 2011 be a repeat of 2008 or are we going to be able to get through the rest of the year okay? Only time will tell.

But it is quickly becoming clear that we are reaching a tipping point. If the price of oil keeps going up, all hopes for any kind of an “economic recovery” will be completely wiped out. But if the globe does experience another economic slowdown, it could potentially turn the simmering sovereign debt crisis into an absolute nightmare. The U.S. and most nations in Europe are having a very difficult time servicing their debts and they desperately need tax revenues to increase. If another major economic downturn causes tax revenues to go down again it could unleash absolute chaos on world financial markets.

The global economy is more interconnected than ever, and so a major crisis in one area of the world can have a cascading effect on the rest of the globe. Just as we saw back in 2008, if financial disaster strikes nobody is going to escape completely unscathed.

So what should we expect for the rest of 2011? Well, the truth is that it doesn’t look good. The following are 21 signs of impending doom for the 2011 economy….

#1 The civil war in Libya now looks like it could drag on for an extended period of time, and that is likely to drive the global price of oil even higher.

#2 Barack Obama is publicly saying that NATO is now considering “potential military options” for solving the crisis in Libya.

#3 Kuwait exports more oil than Libya does, and it looks like the civil unrest that has been sweeping the rest of the Middle East is now starting to spread to that country.

#4 In Saudi Arabia, protest groups are planning a “Day of Rage” on March 11th. If a revolution breaks out in that nation the entire global economy is going to be thrown into turmoil.

#5 The average price of a gallon of gasoline in the United States increased by 33 cents during the two-week period that ended last Friday.

#6 According to the Oil Price Information Service, U.S. drivers spent an average of $347 on gasoline during the month of February, which was 30 percent more than a year earlier.

#7 It is being reported that the average price of a gallon of gasoline in Europe has hit an all-time record of $8.63 a gallon.

#8 Ivory Coast produces nearly 40 percent of all the cocoa in the world and protests against the government there are becoming increasingly violent. If this violence continues to escalate you will soon be paying a lot more for chocolate.

#9 The yield on 10-year Portuguese bonds has increased to 7.6%.

#10 The yield on 10-year Irish bonds has soared to 8.1%.

#11 The yield on 10-year Greek bonds has skyrocketed to a whopping 12.8%.

#12 Moody’s Investors Service has reduced the rating of Greek government debt three levels all the way down to B1.

#13 According to the United Nations, the global price of food set another brand new record high during the month of February. That was the 8th month in a row that global food prices have gone up.

#14 According to the World Bank, global food prices have soared 29% over the last 12 months.

#15 The United Nations is projecting that the global price of food will increase by another 30 percent by the end of 2011.

#16 23 percent of all residential properties with a mortgage in the U.S. were in negative equity as of the end of 2010.

#17 In the state of Nevada, approximately 65 percent of all homeowners with a mortgage owe more on their mortgages than their homes are worth.

#18 Two years ago, the average U.S. homeowner that was being foreclosed upon had not made a mortgage payment in 11 months. Today, the average U.S. homeowner that is being foreclosed upon has not made a mortgage payment in 17 months.

#19 Since 2005, the United States has shelled out 1.1 trillion dollars for products from China but China has only spent 272 billion dollars on products from the United States. This trade imbalance is causing the global financial system to become increasingly unstable.

#20 Collectively, the 50 U.S. state governments are facing a budget shortfall of 125 billion dollars for fiscal 2012.

#21 The U.S. government had a budget deficit of 233 billion dollars during the month of February, which was the largest federal budget deficit ever recorded for a single month.

We are living in the middle of the biggest debt bubble in the history of the world…’

Oil hovers around $105 CNNMoney.com | The benchmark U.S. oil contract was up 35 cents to $105.37 a barrel for April delivery.

Bank Economist Warns of ‘Food Price Riots in the UK’ SkyNews | A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar.

Oil markets brace for Saudi ‘rage’ as global spare capacity wears thin Those exhorting OPEC to boost output should be careful what they wish for. The cartel card can be played once only, and it risks exposing the fragility of the global energy system if the Gulf powers are seen struggling to deliver.

HOW IT WILL ALL END : Debt Jubilee or WWIII ? Bob Chapman talks about the crumbling economy and how it will implode.

Warning Of ‘Food Price Riots In The UK’ A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar.

Currency Wars: Flash Points in the ‘Age of Rage’ The conflict in North Africa was a predictable outcome of the US Monetary Policy of Quantitative Easing. It is not plausible that the US Federal Reserve, as the manager of the world’s Reserve Currency, did not fully recognize the global ramifications of such monetary inflation actions well in advance.

ECONOMIC CRISIS ARCHIVE

National / World

Jesse Jackson, Jr.’s Communist Bill of Rights Kurt Nimmo | Jackson’s speech is like something right out of the CPUSA playbook.

Soros: Communist Chinese Model Of Order May Become “The Envy Of The World” “Western democracies provide less successful leadership than China”

Day Of Rage: Saudi Arabia In Veiled Threat To US Paul Joseph Watson | Saudi Foreign Minister threatens to “cut foreign fingers” in event of outside intervention after US sided with protesters.

Corporate Media Coverage of Libya is a Psyop Kurt Nimmo | Only by destroying the oil-based economy can the globalists forge ahead with their plan to implement world authoritarian government.

Kansas House Panel Endorses Pension Cuts KMBC.com | The bill is likely to draw opposition from public employees’ and retirees’ groups.

Day Of Rage: Saudi Arabia In Veiled Threat To US As the world braces itself for Saudi Arabia’s “day of rage” on Friday, which many fear could be the spark that sends oil prices soaring to beyond the $200 a barrel mark, Saudi Foreign Minister Prince Saud Al-Faisal issued a veiled threat to the United States, warning that the Kingdom was prepared to “cut foreign fingers” in the event of any outside interference.

Soros: Communist Chinese Model Of Order May Become “The Envy Of The World” Billionaire investor George Soros has once again cited China’s dictatorship as the model for the rest of the world in a speech at an elite gathering in Europe.

BIG SIS BUSTED: Homeland Security Undercover Pedophile Entrapment Website Suspended In an aggressive bid to entice prospective “sex tourists,” the Department of Homeland Security last year launched an undercover web site that purported to arrange trips from the U.S. to Canada, where clients could engage in sexual activity with minors, The Smoking Gun has learned.

Corporate Media Coverage of Libya is a Psyop In the interview here, war correspondent Keith Harmon Snow spells out how the lopsided coverage of the conflict in Libya is a Pentagon psyop. The psyop is particularly evident on CNN, especially on Anderson Cooper’s show.

Lawmaker Warns TSA Harassment Coming To Sidewalks The lawmaker behind a bill aimed at curtailing TSA grope downs and naked body scanners warns that Americans will be subjected to such harassment on sidewalks and at football games if the TSA is not stopped in its tracks now, but in reality, TSA-style measures have already been aggressively expanded well beyond airports.

FEATURED INFOWARS STORIES ARCHIVE

Drudgereport: World's biggest bond fund dumps all U.S. debt...

UNIONS LOSE IN WI

WI GOP pushes through union bill...
'ENOUGH IS ENOUGH'...
Gov. Walker applauds...
DEMS SCRAMBLE BACK...

ARTICLE: Charlie Sheen Attacks Jon Cryer.

PHOTOS: Charlie Sheen's Long List of Lady Friends.

ARTICLE: 'Tiger Blood' Drink Goes On Sale.

Sheen, who appeared on a Beverly Hills rooftop Monday, brandishing a machete, realizes that his bizarre behavior has many concerned."I'm really trying to contain myself right now," he said.

ARTICLE: 'Men' Co-Star Is Sheen's Lone Defender.

ARTICLE: Can 'Two and a Half Men' Survive? Just Ask 'Three's Company.'

ARTICLE: Sheen's Kids Could Be Next on Reality Show.

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

] Here is how I define a welfare program.

] While Washington bickers noisily over cutting a small slice of the federal budget, Sens. Mark Warner, a Virginia Democrat, and Saxby Chambliss, a Georgia Republican, launch a campaign to convince the public that merely cutting spending will do little to tame the $14 trillion national debt.

]

Turmoil jars U.S. counter-terror efforts (Washington Post) [ Now how does this come as a surprise to anyone? Beyond america’s propaganda machine, orwellian england, etc., just how do think the war crimes, invasions, pillaging and plundering, and killing of innocent children, women, and men by pervasively corrupt, defacto bankrupt america et als for the sake of the u.s. military military complex are viewed by the rest of the world, and particularly the subject region. Euphemistically but realistically speaking, ‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

Senate still wrangling over spending bill (Washington Post) [ Few signs of compromise on budget details (Washington Post) [ Come on … wake up! The cuts they’re quibbling over don’t even cover interest on the national debt! Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Senate leaders delayed until Wednesday consideration of a bill to fund the government through Sept.

U.S., allies weigh operations near Libya Humanitarian aid delivery, no-fly zone are under consideration (Washington Post) [ Weigh? As on a scale … of 1 to 10 … we all know how well pervasively corrupt, defacto bankrupt america and allies are at weigh-ins … weighing … so much so, they’re set to star that tv program, ‘The Biggest Loser(s)’ … Update: Drudgereport: Libya Tanks Move In To Crush Rebel Stronghold...
Carnage in Rebel City...
FOOTAGE: Libyan war plane shot down...
Obama, Cameron discuss plan of action... Hoyer: No Balanced Budget for 15-20 Years 'We've Dug Such a Deep Hole'... FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
FRESHMAN DEM. SENATOR: OBAMA HAS 'FAILED TO LEAD'... Mayors to Unions: 'Dire fiscal straits' without 'dramatic' changes...
Anger Brews Over Government Workers' Benefits... UNREST IN THE MIDWEST: Now Michigan... WELFARE NATION: ONE-THIRD OF ALL WAGES ARE HANDOUTS... ROMNEY: Obama Misery Index hits record high... OPEC VOWS NEW PUMPING...
OIL HOLDS NEAR $105...
Roubini: Will Hit $150...SHEEN SETS 'FINAL' WEBCASTGadhafi Deploys Tanks, Hundreds of Troops in New Assaults...
...Denies talk he's looking for exit
WITNESSES: Women and Children Killed...
Libyan tanks, planes bombard Zawiyah; rebels still hold 'Martyrs' Square'...
Libyan central bank chief goes missing... ...Loyalty unknown

East-West military gap 'rapidly shrinking'... China could match US military power in 10-15 years... U.K. Warned of Food Riots... Ahmadinejad calls for new world order...

http://www.saturday-night-live.com

Part of the webcast: www.youtube.com/watch?v=HIx4_t26AAs

] With neither side able to muster overwhelming force, the result appeared to be a bloody stalemate, with the death tolls rising in both east and west.

] Intense international deliberations come as troops loyal to Gaddafi continue to besiege the rebel-held city of Zawiyah, 27 miles west of Tripoli.

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

Why Social Security is welfare (Washington Post) [ What does it matter what you call it? Part of america’s defacto bankruptcy? Most assuredly (I haven’t even looked at the Bloomberg propaganda piece which by its very title is an insult to intelligence; after all, we all know they can continue to print evermore worthless fiat currency which in reality does not change the ultimate reality of america’s defacto bankruptcy but merely exacerbates while forestalling a realistic assessment of the magnitude of the crisis. The fact is that there are others, culpable in creating this crisis who should shouldering the burden first; ie., frauds on wall street via prosecution, fines, disgorgement; Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’ ; SEC on the hot seat (Washington Post) [ Oooooh! The capital hill hot seat … shilling for no more than a grilling. House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

] Here is how I define a welfare program.

The Terrible Twos? Let's All Hope Not [ Hoping doesn’t change reality. Take your gains, sell while you can in this manipulated bull cycle on debased dollar in this secular bear market. ] Bespoke Investment Group ‘After falling 22% over the last month and a whopping 57% from its highs less than a year and a half earlier, the S&P 500 (SPY) closed the day on March 9th, 2009, at 676.53. Had you asked 100 people that day where the index would be trading in two years, you likely could have counted on one hand the number that said higher than 1,300.Tomorrow marks the two-year anniversary of the current bull market, and the S&P 500 is now trading at 1,324, or 96% above its closing level on 3/9/09. Below is a chart of the S&P 500 since October 9th, 2007, which is the day that the index made its all-time high of 1,565.15. The bear market from 10/9/07 to 3/9/09 is highlighted in red, and the bull market that started on 3/9/09 is highlighted in green.

(Click charts to expand)

[chart]

Below is a table highlighting the performance of key ETFs across asset classes since the bull market began on 3/9/09 as well as since 10/9/07 when the S&P 500 made its all-time high and the prior bear market started. For each asset class, the best and worst performing ETF is shaded in light red and light green over each time period.While many ETFs are up more than 100% since the bull market began, only a handful are up from their 10/9/07 levels. The Nasdaq-100 tracking QQQQ is one of them with a gain of 8% since 10/9/07. The S&P Midcap 400 ETF (IJH) is also up, along with the Midcap 400 Growth ETF (IJK) and the Smallcap 600 Growth ETF (IJT). Three sector ETFs are now above the level they were at when the market made its all-time high on 10/9/07 -- Consumer Discretionary (XLY), Consumer Staples (XLP), and Energy (XLE). The Silver trust (SLV) is up the most of all securities shown since 10/9/07 with a gain of 160.47%, while Gold (GLD) is up the second most at 90.33%. And all but one (TLT) of the fixed income ETFs are in the black versus where they were trading when equities hit their all-time highs.Since 3/9/09, the Russia ETF (RSX) has been the best performer in the entire table with a gain of 247.54%. The Smallcap 600 Growth ETF (IJT) has been the best performing US market index ETF with a gain of 144.78%, while the Financials ETF (XLF) has been the best performing sector ETF during the bull market. Unsurprisingly, UNG -- which is supposed to track natural gas -- has been the worst performer since 3/9/09 with a decline of 66.69%!

[chart]

Beware of the Ides of March Suttmeier ‘The first quarter of 2011 could turn out to be a multi-year selling opportunity, just as March 2009 was a multi-year buying opportunity. On March 5, 2009, 91% of all stocks were undervalued and all 11 sectors were undervalued by more than 30%. Wall Street and hence Main Street missed this golden opportunity to buy stocks. In early March 2009, I made the call that stocks would rally 40% to 50%. I proved to be too pessimistic. Since then the Dow Industrial Average (DIA) is up 86.9% with the S&P 500 (SPY) up 96.4% and the NASDAQ (QQQQ) up 117.0%. With stocks overvalued and weekly charts overbought with the exception of Transports now is not the time to increase allocation to stocks, it’s the time to decrease stock allocations.

The Housing Market was the first to provide warnings as The Housing Index topped out in July 2005 and today is 62.0% below that high, with housing currently at risk of renewed weakness.

The America’s Community Bankers Index (ABAQ) peaked in December 2006 and today is 49.0% below that high. The FDIC List of Problem Banks rose by 24 in the fourth quarter to 884 from 860, which is 11.5% of the 7,657 FDIC-insured financial institutions. When I drill down into the FDIC data I find 2623, or 34.3% of all community banks overexposed to commercial real estate loans, and 58.5% of all banks have a real estate loan pipeline that’s 80% or more funded, which is continued stress.

The Regional Bankers Index (BKX) peaked in March 2007 and today is 57.2% below that high. The “too big to fail” banks are bigger and the BKX is down fractionally so far in 2011. Under Dodd-Frank some of these banks will need to raise capital, and face heavier FDIC deposit insurance fund assessments beginning in April.

Total Assets in the banking system declined $51.8 billion in the 4th quarter 2010 with C&D loans down $32.5 billion. Even so C&D loans still total $321.6 billion with nonfarm, non-residential real estate loans at $1.07 trillion and problem loans continue to clog bank balance sheets.

ValuEngine Valuation Warnings on February 18th and March 3rd marked tradable highs for stocks. To confirm a market top all weekly charts must shift to negative. The major equity averages remain below their February 18th highs when the Dow Industrial Average reached 12,391. My proprietary analytics still show weekly and monthly resistances, to limit the upside even if some of the averages continue to new highs. Market weakness on Friday and Monday resulted in a reduction of overvalued stocks to 60.5%, below 65%. We show 15 of 16 sectors overvalued, six by double-digit percentages.

Key Levels for the Major Equity Averages

The Dow Industrial Average (12,090) Libya Trading Range: 11,983 to 12,391. My annual value level is 11,491 with daily, weekly and monthly risky levels at 12,152, 12,483 and 12,741.
The S&P 500 (1310.1) Libya Trading Range: 1294 to 1344. My quarterly value level is 1262.5 with daily, weekly and monthly risky levels at 1323.8, 1350.3 and 1381.3.
The NASDAQ (2746) Libya Trading Range: 2706 to 2840. My monthly value level is 2629 with daily, weekly, quarterly and monthly risky levels at 2802, 2829, 2853 and 2926.
The NASDAQ 100 (NDX) (2328) Libya Trading Range: 2285 to 2403. My monthly value level is 2250 with daily, weekly, quarterly, and monthly risky levels at 2375, 2398, 2438 and 2499.
Dow Transports (5018) Libya Trading Range: 4918 to 5306. My quarterly value level is 4671 with daily, weekly and annual pivots at 5082, 5052 and 5179.
The Russell 2000 (824.99) Libya Trading Range: 795 to 838. Daily and quarterly value levels are 819.50 and 765.50 with monthly risky level at 850.79.
The Philadelphia Semiconductor Index (SOX) (447.35) Libya Trading Range: 439 to 474. My monthly value level is 402.46 with a monthly pivot at 453.89, a quarterly pivot at 465.93 and daily and weekly risky levels at 466.70 and 485.92.

10-Year Note – (3.514) Weekly, annual, and semiannual value levels are 3.642, 3.796 and 4.268 with daily, monthly, annual and semiannual risky levels are 3.449, 3.002, 2.690, 2.441, and 2.322.

Comex Gold – ($1433.3) Weekly, annual, quarterly, semiannual and annual value levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and quarterly pivots at $1437.7 and $1441.7, and my semiannual risky level at $1452.6.

Nymex Crude Oil – ($104.92) Weekly, monthly and semiannual value levels are $97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and semiannual and quarterly risky levels are $107.14 and $110.87.

The Euro – (1.3971) My quarterly value level is 1.3227 with a daily pivot at 1.4001, and weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.

Daily Dow: (12,090) Annual, quarterly, semiannual, and semiannual value levels are 11,491, 11,395, 10,959, and 9,449 with daily, weekly, monthly and annual risky levels at 12,152, 12,484, 12,741 and 13,890.’

Now's the Time to Decrease Stock Allocations

[video]Summer Bears Will Threaten Two-Year Bull Run

Stock Averages Log Gains Near 1% as Oil Eases, Banks Lead Charge Midnight Trader ‘4:13 PM, Mar 8, 2011 --

NYSE up 57.02 (+0.8%) to 8,394.04
DJIA up 124.35 (+1%) to 12,214
S&P 500 up 11.69 (+0.9%) to 1,322
Nasdaq up 20.14 (+0.7%) to 2,766

GLOBAL SENTIMENT

Hang Seng up 1.71%
Nikkei up 0.19%
FTSE up 0.02%

UPSIDE MOVERS
(+) MIPS upgraded.
(+) VRML gains on positive data for ovarian biomarker.
(+) SONC upgraded.
(+) EXPE upgraded.
(+/-) BMY, AZN say FDA accepts NDA for diabetes treatment.
(+) BSFT continues sharp evening gain that followed upbeat earnings.
(+) DKS beats with Q4, guides to top Street for FY.
(+) BA inks sales to two Chinese airlines.
(+) VOD upgraded.
(+) NVDA upgraded.

DOWNSIDE MOVERS
(-) CIEN upgraded.
(-) CNIT beats with revenue.
(-) URBN disappoints with latest results; downgraded.
(-) MCD down after sales data.
(-) QCOM downgraded; raises dividend.
(-) TIVO selling convertible notes.
(-) ICE downgraded.
(-) LDK downgraded.

MARKET DIRECTION

Stock averages closed up as oil prices moderated. Bank gains, in part on dividend hopes, paved the way for broad market gains after a choppy start Tuesday.

Stocks gained as crude oil futures backtracked from yesterday's gains on OPEC assurances of increased supplies, although investors continue to nervously watch developments in the Middle East, where protests and fighting have fueled concerns about potential constraints on oil supplies.

For the moment, the pressure appears to be off further price increases as other Middle East oil producers promised to step up their output to fill the gap left by Libya. President Obama said he may also dip into the nation's strategic oil reserve to fill gaps in supply. Kuwait's oil minister said Tuesday that OPEC members are holding informal talks about raising output.

Bank of America Corp. (BAC) rose over 4%, the most of the 30 stocks that make up the DJIA, after chief executive Brian Moynihan told an investor meeting that the bank could earn more money over the next two years as its business stabilizes. That led some analysts to suggest that large consumer banks may raise the dividends most slashed during the 2008 financial crisis in order to cut costs.

Financial stocks in the S&P 500 index rose 2%, the most of any of the index's 10 company groups. American Express Co. (AXP) gained 4% and JPMorgan Chase & Co. (JPM) rose 3%.

Commodities ended trading lower as gold and crude oil futures finished in the red amid reports that Libya's Col. Gaddafi could be negotiating for his resignation as the leader of Libya and his departure from that country.

Light, sweet crude oil for April delivery finished down $0.42, or 0.38%, to $105.02 a barrel. Crude is already up some 9% this month.

Meanwhile, gold futures ended lower, pressured - in part - by a stronger dollar.

Gold for April delivery finished down $7.30 to $1,427.20 an ounce. In other metal futures, silver was down 0.26% to $35.77 a troy ounce while copper traded up 0.35% to $4.34.

The economic calendar was relatively quiet today. However, the National Federation of Independent Business' small-business index moved higher by 0.4 points in February to a reading of 94.5. The index was helped by gains made through hiring and plans to hire.

In company news:

Boeing (BA) agreed to a preliminary deal to sell 38 wide-body jets to Hong Kong Airlines Ltd. and also signed a deal to supply five 747-8 aircraft to Chinese flag carrier Air China Ltd., according to news reports.

McDonald's (MCD) announced global comparable sales growth of 3.9% in February. Performance by segment was as follows: U.S. same-store sales are up 2.7%; Europe same-store sales are up 5.1%; Asia/Pacific, Middle East and Africa same-store sales are up 4.0%.

Bristol-Myers Squibb (BMY) and AstraZeneca (AZN) announced that the FDA has accepted for review a new drug applicationfor dapagliflozin, an investigational compound for the treatment of adults with type 2 diabetes mellitus.

Shares of Sprint Nextel (S) were higher after Bloomberg reports that Deutsche Telekom has held talks with the company to sell its T-Mobile unit. The deal would give Deutsche Telecom a major stake in the combined entity, the report said.

National Semiconductor Corp. (NSM) fell, extending yesterday's decline. Citigroup reportedly downgraded the stock to "sell" from "hold." The semiconductor company is focused on analog and mixed-signal integrated circuits and sub-systems, particularly in the area of power management.

In earnings news:

-Hot Topic (HOTT) fell then gained after it reported a Q4 loss of $0.01 per share, vs. year ago income of $0.18 per share. The fourth quarter results include $9.8 million of expenses, or $0.13 per diluted share, for the implementation of the previously announced cost reduction plan. Ex items earnings were $0.12 per share, a penny shy of the Street view. Sales for the quarter were down 0.8% to $212.4 mln vs. year ago levels. Analysts were expecting revenue of $209 mln, according to Thomson Reuters.

-Urban Outfitters (URBN) fell after it reported Q4 $0.45 per share, flat with year ago levels and below expectations of $0.52 per share, if comparable. Sales were up 14% to $668 mln, below expectations of $676 mln on Thomson Reuters.

-Dick's Sporting Goods (DKS) gained after it reported Q4 EPS of $0.76 per share, better than the analyst mean of $0.72 per share on Thomson Reuters. Sales were $1.51 bln, ahead of the Street view of $1.45 bln.

-BroadSoft (BSFT) gained after beating Q4 estimates and setting its guidance in line to above the Street view.’

Hoyer Says Federal Budget May Not Be Balanced for 20 Years Matt Cover | Hoyer said Republicans and Democrats must compromise if they are ever going to solve the nation’s budget issues.

Trust is Necessary for a Stable Economy Washington’s Blog | Prosecuting the criminals Is necessary to restore trust.

Saudi Arabia’s ‘Day of Rage’ Lures Record Bets on $200 Oil: Chart of Day Bloomberg | Options traders are betting more than ever that crude oil is heading to $200 a barrel.

Oil Breakout Alert – Kuwait, World’s Fourth Largest Oil Exporter, Joins Demonstrations Demanding Regime Change Crude dropped overnight, after the FT joined the BBC in the “False Rumor Spreading Korner”, after the Libyan Investment Authority held newspaper said some OPEC members are looking to raise oil output to avoid any supply shortfalls.

Will The Day Of Rage In Saudi Arabia On March 11 Send The Price Of Oil Into Unprecedented Territory? The price of oil is shaping up to be the number one economic story of 2011, and right now the eyes of the investing world are closely watching the developing situation in Saudi Arabia.

Top Economists: Trust is Necessary for a Stable Economy … But Trust Won’t Be Restored Until We Prosecute Wall Street Fraud Most policy makers still don’t understand the urgent need to restore trust in our financial system, or the need to prosecute Wall Street executives for fraud and other criminal wrongdoing.

No Silver? No Problem: US Mint Would Like To Know If You Will Accept Brass, Steel, Iron Or Tungsten Coins Instead Wonder why the US mint has not sold a single ounce of silver so far in March? Here is a clue…

ECONOMIC CRISIS ARCHIVE

National / World

Paul: Let public vote on judges Texas Rep. Ron Paul said on Monday that Americans should have the same right to oust federal judges as Iowans did with their historic vote last November to remove three State Supreme Court justices.

Homeland Security Says It Has Every Right To Spy On Peaceful Protest Groups Steve Watson | The Department Of Homeland Security has decided it is reasonable for it to spy on dozens of peaceful groups.

Oil Shock: Banksters Ready QE3 Asset Bubble Kurt Nimmo | QE is forever.

TSA Worker Arrested for Impersonating a Police Officer Steve Watson | A TSA worker claimed he had the same authority as a police officer.

Obama Mimics Bush: Libyan Intervention Ahead Michael S. Rozeff | The American empire stands at the edge of disintegration.

Deluded TSA Worker Arrested After Telling Cop “I’m A Customs Inspector” The actions of a TSA worker who was pulled over during a routine traffic stop betray the general attitude of the TSA in recent month, that the agency is above the law and makes its own rules.

President Obama Issues Executive Order Institutionalizing Indefinite Detention President Obama today issued an executive order that permits ongoing indefinite detention of Guantánamo detainees while establishing a periodic administrative review process for them. The administration also announced it will lift the ban on bringing new military commissions charges against detainees that don’t already have ongoing cases in the substandard system.

MSM Hyped Reports Of Bombardment Give False Picture Of Tripoli Libya’s opposition has told Colonel Gaddafi, if he leaves the country now … they won’t put him on trial. But Libyan state TV has broadcast denials that Gaddafi offered to quit if his family were allowed to safely leave the country. Just a week ago media reports suggested that Gaddafi was close to total defeat. But today he’s still there, and news of his downfall proved to be exaggerated. RT’s Paula Slier went to Tripoli to uncover how things really stand.

British Tax Protesters Arrest Judge In Act Of “Lawful Rebellion” For those wondering whether we can expect to see anything like the scenes witnessed in Egypt coming to America or the United Kingdom, the actions of British protesters who engaged in “lawful rebellion” by attempting to arrest a judge yesterday could herald the beginning of a new tax revolt to rival the infamous poll tax riots of 1990.

Why is Hillary Not Defending the Rights of Saudis to Protest? Secretary of State Hillary Clinton had been exhaustively in front of cameras promoting the right for people to protest in Egypt, Bahrain, Iran, and Libya.

Kissinger urges Obama: Grant clemency to Israeli Spy [ The zionist kissinger shows colors in urging a self-destructive path for wobama. ] Former U.S. Secretary of State Henry Kissinger sent a letter to U.S. President Barack Obama on Monday, urging him to commute the prison term of Jonathan Pollard, who is serving a life term for spying for Israel.

Chinese military ‘growing fast’: think tank China is building its military capability at a rapid pace but it remains a “regional power with regional concerns”, the think tank IISS said in its annual report on the world’s armies on Tuesday.

Drudgereport: Libya Tanks Move In To Crush Rebel Stronghold...
Carnage in Rebel City...
FOOTAGE: Libyan war plane shot down...
Obama, Cameron discuss plan of action... Hoyer: No Balanced Budget for 15-20 Years 'We've Dug Such a Deep Hole'... FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
FRESHMAN DEM. SENATOR: OBAMA HAS 'FAILED TO LEAD'... Mayors to Unions: 'Dire fiscal straits' without 'dramatic' changes...
Anger Brews Over Government Workers' Benefits... UNREST IN THE MIDWEST: Now Michigan... WELFARE NATION: ONE-THIRD OF ALL WAGES ARE HANDOUTS... ROMNEY: Obama Misery Index hits record high... OPEC VOWS NEW PUMPING...
OIL HOLDS NEAR $105...
Roubini: Will Hit $150...SHEEN SETS 'FINAL' WEBCASTGadhafi Deploys Tanks, Hundreds of Troops in New Assaults...
...Denies talk he's looking for exit
WITNESSES: Women and Children Killed...
Libyan tanks, planes bombard Zawiyah; rebels still hold 'Martyrs' Square'...
Libyan central bank chief goes missing... ...Loyalty unknown

East-West military gap 'rapidly shrinking'... China could match US military power in 10-15 years... U.K. Warned of Food Riots... Ahmadinejad calls for new world order...

http://www.saturday-night-live.com

Part of the webcast: www.youtube.com/watch?v=HIx4_t26AAs

] With neither side able to muster overwhelming force, the result appeared to be a bloody stalemate, with the death tolls rising in both east and west.

Obama creates indefinite detention system for prisoners at Guantanamo Bay (Washington Post) [ Sounds more like fellow failed president/war criminal dumbya bush every day. Meanwhile, back at the pervasively corrupt, defacto bankrupt american credit farm (totalitarian communist china): New restrictions on foreign journalists Under rules announced after foreign journalists were physically harassed by security officers, foreign journalists must have government permission to interview anyone in a public area.]

Few signs of compromise on budget details (Washington Post) [ Come on … wake up! The amounts they’re qubbling over bearly cover interest on the national debt! Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘

Gates successor a quandary for Obama(Washington Post) [ Quandary? For ‘wobama the b’ (for b*** s***)? I don’t think so! Like wobama, he or she must speak out of both sides of his/her mouth, be particularly adept at lying (cia-speak), and believe in absolutely nothing (no core values/beliefs). Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

Investors Whiplashed: Dave's Daily ‘As stated I'm away at a family reunion in Las Vegas. It's an appropriate place from which to view markets. Since the action is so crazy, no mere mortal, even with nearly 40 years experience, can make sense of it. So, in the interest of clarity (not to mention the family), I'll make only a couple of comments and just post a few charts. Yes, the unemployment data came in about as expected but wage growth was limited (who knew?!) and banks were downgraded by another bank, BAC. Not a nice thing to do to your pals. With MENA unrest near all time highs and oil prices exploding higher who would want to be casually long the markets heading into the weekend? But, someone (let's just guess shall we?) with the power to close this week higher launched a serious "stick save" late to do just that. This was gross manipulation. Volume was higher on selling once again as no doubt stops were hit once again. Meanwhile, per the WSJ, breadth was negative. ‘

Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed.

A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place.

In his latest letter Howard Marks touches on the regulatory debate. He says:

A great source on the subject is Wall Street Under Oath, a 1939 book on the causes of the Great Crash of 1929 written by Ferdinand Pecora, who was counsel to the Senate committee investigating the crash and later a New York State judge. I first read it about twenty years ago, and I brought it out of storage in 2007. It is a typical polemic, assigning blame and touting regulation pursuant to what I assume were the author’s philosophical/political biases (see page 4).

Pecora describes a Wall Street that, up to and including the 1920s, was like the Wild West. Bankers and brokers were out to make money for themselves; their behavior was largely unregulated; and conflicts between their interests and those of their clients were widespread and disregarded. In particular, according to Pecora, disclosure standards were non-existent.

These facts combined with other causes to produce a market crash of epic proportions; widespread losses; a drying up of capital; deflation; and a massive depression with a resulting increase in unemployment to 25%. Unsurprisingly, fingers were pointed at the prior administration and political power shifted to believers in an activist role for government. The most lasting result was the enactment of laws that governed the financial system for decades and in many cases still do: the Securities Act, the Securities and Exchange Act, and the Glass-Steagall Act. Thus the 1930s saw a massive swing of the pendulum in favor of regulation.

The next several decades on Wall Street were – perhaps thanks to the impact of those laws – a relatively placid period. This led to a view that, with rare exceptions, market participants are well-behaved by nature. Further, steady growth with only moderate dips caused a perception of an inherently benign and productive economy that could achieve even more if only the regulatory shackles were loosened. After President Carter deregulated the transportation industry in the late 1970s, the door was open for much of the regulatory apparatus built in the early part of the century to be relaxed. Ronald Reagan, whose famously free-market views coincided with a period of peace and prosperity, led the deregulatory charge. We saw a similar turn in Britain under the leadership of Margaret Thatcher; the collapse of the USSR and a resounding victory for capitalism; and the ascendance of free market adherents Alan Greenspan and George W. Bush.

With the economy and financial system generating prosperity, people wanted more of the same. And with manufacturing in decline, we relied heavily on the financial sector for an increased contribution to GDP, job creation and standards of living. The prevailing view was that the less regulation we had, the more productive business and finance could be. And what was there to be feared from an unregulated economy, anyway? The result in the past decade, according to a great newspaper quote that sadly I can’t locate, was “the kind of regulation you get from an administration that doesn’t believe in regulation.”

Thus, coming full circle from the 1930s, starting in 1999 we saw revocation of Glass-Steagall; elimination of the up-tick rule limiting short sales to instances when stock prices were rising; a pivotal decision to exempt derivatives from regulation; increased permitted leverage at investment banks; and starvation of regulatory agency budgets. These developments were followed by the global financial crisis of 2007-08. Coincidence or causality?

No, it’s most certainly not a coincidence. Marks goes on to argue that the markets and regulations will never be perfect so our economy will continue to be imperfect. It’s a rather defeatist and general attitude if you ask me. I think there are fairly basic rules that can and should be implemented that limit the potential outlier events from occurring. For instance, collateral on OTC derivatives would have substantially reduced the risks at the investment banks. Leverage limits. Higher capital standards. How about requiring down payments on homes? These are simple rules that eliminate the potential for some of the incredible risks we’ve seen over the last 25 years.

I am not an advocate of highly strict rules, just common sense rules. The fact that the NINJA loan ever even came into existence is a clear sign that allowing the markets to regulate themselves is bordering on insanity. Such lack of rules in capitalism is guaranteed to result in putting greed before rationality. I don’t want to contain capitalism. But I do want to keep it from destroying itself. That is the path we are on and the increasing instability upon which we build each recovery is a clear example….

In the movie, a prominent paper is mentioned written by Raghuram Rajan, a professor of Economics at the Chicago School. He shows how the financialization of the US economy is creating an increasingly unstable economy. Make no mistake, markets are not self regulating. This nonsense that government should never oversee the free market is disastrous policy that is driven by a misguided and dogmatic political perspective and a purely greed driven banking system. It’s a great weekend read. Enjoy. ‘

Fed Has Convinced Consumers to Re-Leverage [ Sounds like a plan! … albeit a failed plan ala greenspan … this encore courtesy of ‘’no-recession helicopter ben shalom bernanke’ … anything for that irrationally exuberant feeling on wall street …. Bubbles, bubbles, everywhere, but not a bloke to blink. ] Roche ‘Despite lopsided balance sheets and near record levels of household debt the Fed appears to have succeeded in convincing American households that it is wise to begin re-leveraging. The Fed’s latest consumer credit report showed broad improvement in consumer credit trends (via Econoday):

"Consumer credit outstanding in December rose $6.1 billion showing, for the first time in the recovery, gains for both revolving and non-revolving credit. Revolving credit, up $2.3 billion, rose for the first time in 27 months. Non-revolving credit, reflecting strength in vehicle sales, extended its run of strength with a gain of $3.8 billion. Looking ahead to January’s number, there may be some modest help from motor vehicle sales which edged up 0.6 percent for the month but the amount boosting consumer credit will depend in part on the share split of sales to consumers and to businesses."

[chart]

(Click to enlarge)

As I’ve previously mentioned, this is great news for the near-term economic outlook. A re-leveraging consumer means more spending, higher corporate revenues, etc. My hope was that a 10% deficit would result in consumers continuing to de-leverage, however, that looks like wishful thinking. Instead, the combination of easy money and no loser capitalism appears to be setting the foundation for another debt binge. At a level of 115% of debt:income, this trend is clearly unsustainable, however, the American public appears intent on sustaining its fiscal imprudence. In short, enjoy the growth, however, once the deficit shrinks or another asset bubble pops the air is going to come out of the debt bubble once again and the upside down U.S. consumer will again be exposed as the imprudent consumer that he/she is...’

Flashback: Comprehensive Annual Financial Reports Exposed Infowars | There is no reason for continued taxation, the government has a secret slush fund and in the meantime is telling you that they’re broke.

Iran oil wealth ‘must be shared’ with citizens says Soros BBC | Citizens of oil producing nations must see more benefit from their country’s national resources, says billionaire.

Former Goldman director charged with insider trading Globe & Mail | Raj Rajaratnam, the founder of hedge fund Galleon Group, is on trial on criminal insider-trading charges.

Gas up 33 cents — second biggest two-week jump ever Reuters | The national average for a gallon of self-serve, regular gas was $3.50 on March 4.

Saudi Stock Market Tumbles as Fear of Revolt Grows The Telegraph | Triggered by the arrest of Shi’ite cleric after he called for democratic reforms.

The Shadow King Of Wall Street: “Markets Like Totalitarian Governments” Wall Street’s shadow king, Blackrock’s Larry Fink who manages over $3 trillion, and is the world’s biggest asset manager, appeared on Bloomberg TV in an interview with Erik Schatzker, and the first thing he said is that the “market likes totalitarian governments.” Matt Damon Thinks Obama Is Working For Wall Street

Big Brother: The Orwellian Nightmare Come True When George Orwell (pen name of Eric Blair) first published his famous novel, Nineteen Eighty-Four, it was the year 1949, and it told a dark story of what he envisioned life may be like in the future-in the year 1984.

Britain at risk of another financial crisis, Bank of England chief warns Britain risks suffering another financial crisis without reform of the country’s banks, the Governor of the Bank of England warns today.

Oil Price Shock; You Ain’t Seen Nothing Yet The most common cause of a spiking oil price is supply shock. We may be seeing just such a phenonenon right now with the effective shut down of Libyan oil. But sometimes it’s excessive demand that does the damage.

Wisconsin Governor To Issue 1500 Layoff Notices Unless Fugitive Democrats Return To The State In addition to “stagflation” which we announced in January would be the word of the year, we now have a new contender in the running for what may soon be the most popular word for the next 10 months: “escalation.”

The Fed Distorts The Economy With Inflation The Federal Reserve tells us we need inflation to overcome the overhang created by debt and its inflationary aspects. The inflation does not create jobs – it just distorts prices upward.

Spain town reintroduces peseta to boost economy A small town in northern Spain has decided to reintroduce the old Spanish currency – the peseta – alongside the euro to give the local economy a lift.

QE2: An Unmitigated Disaster

[video] Summer Bears Will Threaten Two-Year Bull Run

STOCKS DIVE, SILVER SURGES, TECH HAMMERED: Here's What You Need To Know

More Jobs Mirage In February—BLS Continues To Overestimate Job Growth Paul Craig Roberts | The announcement that 192,000 new jobs were created in February was greeted with a sigh of relief.

Government’s biggest monthly deficit ever Washington Times | $223 billion, according to the Congressional Budget Office.

Gas up 33 cents — second biggest two-week jump ever Reuters | The national average for a gallon of self-serve, regular gas was $3.50 on March 4.

Oil, Gold, and Silver Prices Up as Saudi Arabia Faces Unrest Oil market speculators used the escalating conflict in Libya as an excuse to jack up crude prices to $106 per barrel today. Crude oil prices rose on news opposition forces and soldiers loyal to Moammar Gadhafi clashed near some of the country’s key energy infrastructure.

SocGen’s Three Scenarios For Oil See Crude Price Between $110 And $200 After Nomura released a report two weeks back predicting oil could rise to $220 if the MENA situation escalates, this morning SocGen’s Michael Wittner has released his own scenario analysis on the possible outcomes of the 2011 revolutions.

More Jobs Mirage In February—BLS Continues To Overestimate Job Growth The announcement on March 4 that 192,000 new jobs were created in February was greeted with a sigh of relief. But the number is just more smoke and mirrors, as I will show shortly. First, let’s pretend the jobs are real. What areas of the economy produced the jobs?

Gold Surges, Hits New All Time High Of $1,437 After Precious Metals Talked Up During PDAC Conference As the world continues to burn, gold hits a new all time high of $1,437 as silver is en route to pass $36. Whatever shorts did not cover on Friday night are strongly urged to postpone their “market top” speculation until another day. Elsewhere Bernanke is still confused by what the relentless march to daily all time highs in gold means…

ECONOMIC CRISIS ARCHIVE

National / World

Amtrak Chief Targets TSA For Conducting “Illegal” Grope Downs In late February, the Transportation Security Administration took over the Amtrak station in Savannah, Ga., and thoroughly searched every person who entered. None of the passengers got into trouble, but the TSA certainly did — big time.

Michael Moore’s Communist Rhetoric Distracts from Crimes of the Banksters Last week, filmmaker Michael Moore declared war on the producers. Moore told Laura Flanders of GRITtv that people who did not create trillions of dollars of wealth are entitled to steal it from those who did. Private wealth, Moore insisted, is a “national resource” that can be expropriated from the producers and divided parasitically between the non-producers.

Oil And Gold Slip On Rumors Gaddafi Set To Flee Oil and gold pared some of their soaring gains today after a rumor began circulating that Moammar Gaddafi was seeking to reach an agreement with rebels that would allow him to safely flee the country in return for relinquishing power.

Interventionism Leads to Resentment and Anti-Americanism Last week, Secretary of State Hillary Clinton testified before the House Foreign Affairs Committee, and I had the opportunity to raise some of my concerns regarding US government policy and the cost of our interventionism around the world.

Michael Moore’s Communist Rhetoric Distracts from Crimes of the Banksters Kurt Nimmo | Filmmaker says your hard-earned money is a national resource.

The Resistance Continues: More “The Answer to 1984″ Video Contest Entries Infowars | Another great batch of video entries.

Oil And Gold Slip On Rumors Gaddafi Set To Flee Paul Joseph Watson | Libyan leader has offered rebels deal to take power if safe exit of his family is guaranteed, according to reports.

Oil, Gold, and Silver Prices Up as Saudi Arabia Faces Unrest Kurt Nimmo | Protests planned in oil kingdom today as government promises to dispatch 10,000 troops to put down dissent.

Bill O’Reilly And Old Media: Not Waving But Drowning Paul Joseph Watson | The establishment is so terrified of new media, they dare not mention Alex Jones by name.

Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

‘Egyptian army follows Israel, US orders’ Protests in Egypt gain momentum as revolutionaries say they are set to disclose information incriminating senior officials over their involvement in the violent crackdown on anti-regime protests.

Libya: ‘Eight SAS Soldiers Held By Rebels’ Eight SAS soldiers have been detained by rebels in Libya, according to Sky News sources.

Libya: Gaddafi Gunships Fire On Rebels Libyan helicopter gunships have fired on rebels advancing along the coast towards the capital Tripoli.

Chinese state media slams calls for protests China’s state media stepped up its criticism of calls for anti-government rallies on Sunday, saying stability is key amid concern that unrest sweeping the Middle East could spread to the Asian nation.

Saudis mobilise thousands of troops to quell growing revolt Saudi Arabia was yesterday drafting up to 10,000 security personnel into its north-eastern Shia Muslim provinces, clogging the highways into Dammam and other cities with busloads of troops in fear of next week’s “day of rage” by what is now called the “Hunayn Revolution”.

US Department of Imperial Expansion The illegitimacy of the current US State Department fits in well with the overall Constitution-circumventing empire that the American Republic has degenerated into. The current Secretary of State, Hillary Clinton, gives a daily affirmation of this illegitimacy every time she bellies up to the podium and further makes a mockery of America, its people and its destiny.

Zbigniew Brzezinski Spouts Globalist Agenda on Al Jazeera Zbigniew Brzezinski: We shouldn’t be the policeman of the world… but we should send troops and warships to Libya.

Hey Bill O’Reilly: Alex Jones is a Patriot, And You’re a Clown Fox News host Bill O’Reilly mentioned Alex Jones’s appearance on the View the other day, calling him “some guy on the radio, we really don’t know who he is.” But as Kurt Nimmo points out, O’Reilly is not totally out of the loop.

TSA, DHS plan massive mobile surveillance rollout Mike Adams | The DHS is America’s new secret police.

US Department of Imperial Expansion Tony Cartalucci | The illegitimacy of the current US State Department fits in well with the overall Constitution-circumventing empire that the American Republic has degenerated into.

Senior Fed Economist Calls Ron Paul a Pinhead Robert Wenzel | If you think destruction of a currency is no biggie, call Robert Mugabe in Zimbabwe.

Bill O’Reilly: Who Is Alex Jones? Kurt Nimmo | Fox News anchor with ratings in decline feigns ignorance of growing alternative media.

People Of Earth: Prepare For Economic Disaster The Economic Collapse | It is not just the United States that is headed for an economic collapse.

Don’t Worry, the Economy is Going to be Just Fine The American Dream | Haven’t you heard? The coming economic collapse has officially been cancelled.

Rolling Stone: Glenn Beck Rips Off Alex Jones Infowars.com | Rolling Stone Magazine has posted a part two to follow up on its profile of Alex Jones earlier this week.

We’re On The March: More “Answer to 1984″ Video Contest Entries Infowars | More entries for “The Answer to 1984 is 1776″ video contest.

Homicide case involving Daley nephew closed without charges Chicago Sun-Times | Chicago Police said Friday they know who hit David Koschman and knocked him to the ground in a drunken confrontation in the Rush Street area, leading to his death.

Major Libyan oil plant ablaze Mail Online | A major Libyan oil plant was ablaze last night as fresh fighting raged across the country leaving at least 50 dead.

Qaddafi’s Militia Storms Key Town Controlled by Rebels NY Times | Col. Muammar el-Qaddafi’s militia stormed the rebels controlling the town of Zawiyah on Saturday.

‘If the Americans Come, They Would Steal our Revolution’ Spiegel Online | Opposition fighters claim they have driven back their attackers, but the battle is far from finished.

Alex Jones: The Name Bill O’Reilly Dare Not Speak During a discussion on Charlie Sheen, Fox News’ Bill O’Reilly mentioned Alex Jones’ appearance on The View. He didn’t bother to mention Jones by name. O’Reilly said Jones is merely “some guy on the radio, we really don’t know who he is,” and his co-host during the segment, Arthel Neville, chuckled.

Don’t Worry, Be Happy: Unemployment Is Down, The Stock Market Is Up And The Economy Is Going To Be Just Fine Haven’t you heard? The coming economic collapse has officially been canceled. The U.S. economy is in full recovery mode. It has just been announced that the U.S. unemployment rate fell to 8.9% in February. That was the third monthly decline in a row.

People Of Earth: Prepare For Economic Disaster It is not just the United States that is headed for an economic collapse. The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe.

Texas Plans to Implement REAL ID in 2013 Tela Mange, Chief of Media Relations at Texas Department of Public Safety, has responded to an Infowars.com request for information on the state’s implementation of REAL ID.

Gaddafi forces mount fierce counterattack; witnesses describe ‘massacre’ in city under siege Forces loyal to Libyan leader Moammar Gaddafi on Friday unleashed their fiercest counterattack yet, assaulting rebel-held positions by ground and air and firing on demonstrators in the government stronghold of Tripoli.

MI6, SAS Working Together To Take Control In Libya Britain is to send teams of spies and diplomats into Libya to help oust Colonel Gaddafi, it emerged last night.

http://www.saturday-night-live.com

Part of the webcast: www.youtube.com/watch?v=HIx4_t26AAs

Drudgereport: FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION

GATES SAYS ANY MILITARY ACTION ON LIBYA SHOULD HAVE INTERNATIONAL BACKING...
Caught on Video: General Petraeus And Secretary Gates Share Private Joke About Attacking Libya...
NATO starts 24/7 surveillance of Libya...

Greece slams rating agencies after MOODY'S cut...
Spain's savings banks race to find funds by Thursday...
Portugal edges closer to crisis... PAPER: Obama asks Saudi Arabia to supply Libyan rebels with weapons...
GADHAFI OFFENSIVE MAKES LITTLE GROUND
Saudi Arabia detains Shi'ites as clerics ban protests...
OIL CONTINUES CLIMB...

Gas prices up 33 cents -- in two weeks!

Number of ObamaCare waivers climbs above 1,000...

Unrest returns to Cairo streets... UK 'to send team of spies' to help oust Gadhafi...
British Army readies for mission at 24 hours' notice...
Obama goes golfing...
ROMNEY TO NH: WE NEED A NEW PRESIDENT

'Moore: The rich have overplayed their hand' … [yes they have … quite foolishly at that … they really have] ...

CHICAGOLAND: Homicide case involving Daley nephew closed without charges... OBAMA TAKES 'BUTTER KNIFE' TO BUDGET...

Biden opens budget talks -- leaves country...
Senate Democrats dropping like flies...
Harry Reid offers spending proposal -- predicts failure... Saudi Arabia bans all protest and marches...
Mobilizes thousands of troops to quell growing unrest...
'MASSACRE' IN ZAWIYAH...
Shi'ite protesters in Bahrain form human chain around capital...
SHOCK VIDEO: Women gunned down by soldiers in Ivory Coast...

SEC on the hot seat (Washington Post) [ Oooooh! The capital hill hot seat … shilling for no more than a grilling. House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’

‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

Peter King, IRA supporter and enthusiastic counter-terrorism advocate (Washington Post) [ A neocon; a zionist with a large jewish constituency; an IRA terrorist supporter; looks a lot like, bears a striking resemblance to, corrupt dodo dodd former Conn. Senator; in sum, that can’t be good. Maybe he suffers from a multiple personality disorder. I mean … wow! Whew! ]

Milbank: The subpar lender crisis (Washington Post) [ It truly is difficult for me to imagine Mr. Milbank as a business reporter; although, … wall street journal … could fit. I had occasion to know a successful wall street executive, chairman, institutional brokerage / investment banking firm, who referred to the wall street journal as ‘total b*** s***’. I don’t think Mr. Milbank needs to refer to an ad hoc experience which we know and can reasonably infer to be ubiquitous in kind and that they’re all a bunch of typical american crooks (he wasn’t … but he was an old school risk seeker long since out of the game). Academy Award winner Ferguson is way ahead: ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

]

Private hiring spurs drop in jobless rate (Washington Post) [ This is a tab yet to be paid (taxpayer / treasury / public) and the costs in money the nation doen’t have for the political obfuscation will far outway the benefits. (Gallup Reports Underemployment Surges To 19.9%, February “Jobs Situation Deteriorates”: As Bad As 2010 On one hand we have the Department of Truth about to tell tomorrow that NFP based on various seasonal and birth death adjustments increased by 250,000…Santelli: 'Good' Jobs Report Has Dark Side... …Denninger ‘ … Summary: The report did not show any material amount of acceleration; it is, for all intents and purposes, flat. The Household Survey showed some people going back to work, but in terms of percentage of the working-age population the needle did not move to any material degree. The problem continues to be people we don't count as unemployed but in fact are, and as such the statistical gerrymandering of the results will give both the left and right something to spin, but in point of fact there's no evidence of an economy that is recovering it's ability to generate both private income and tax revenues.’ … ‘ Mason’…Over the past four weeks, the Treasury’s General Account has dropped by almost $70 billion. Thus, between this account and the Treasury’s Supplementary Financing Account the Fed has injected almost $170 billion reserves into the banking system in February …’ Gerald Celente: “There is no recovery — it’s a coverup!” Sic Semper Tyrannis | Celente argues the oil prices have been going up before the recent chaos in the Middle East. ‘…One other point brought out by Gerald Celente is the fact that the current puppet regime in the White House is “cooking the books” on the unemployment numbers and current inflation rates. They are making their own rules on how to determine inflation rates by leaving out essential information such as food and fuel prices. The same is being done with White House unemployment numbers by simply leaving out those who have given up looking for jobs, as well as other deceptive “carnie” tricks (in reference to White House spokesperson Carnie) in which he compares the administration to a traveling carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by these low interest rates, which again, when inflation skyrockets- they’re gonna have to raise them …‘

]

Delusional for 2012Will: Huckabee and Gingrich are diminishing the GOP. (Washington Post) [ That’s only if you take them seriously; and, you can’t take neocons seriously. You know the type … the pro-zionist bush me-toos … and don’t forget … what could be more diminishing than having failed president ‘wobama the b’ (for b*** s***) as their putative head. Perma war types all, the pervasively corrupt america is defacto bankrupt. Drudgereport: Delaware voters say no to Lobotomy Joe ….. Biden (the self-proclaimed zionist) -- for name of school... 'Wobama’s Where's Waldo?' Presidency... All Former U.S. Presidents To Get Together For TV Special Honoring George H.W. Bush…(How totally pathetic they are! How embarrassing for NBC!) ... [ Wake up! http://albertpeia.com/bushcrimes.htm ] Gingrich to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I mean, come on … are memories so short they don’t recall him being a total hypocrite, zionist shill, and part of the problem though to his credit, he’s not a mobster and complete joke as is trump! ] CHICAGOLAND: Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty Politics... [ The contract’s with money the nation doen’t really have anyway; and, the value of the money paid will be worth substantially less by completion; and, no surprise … Chicago hasn’t changed much from the days of capone and is rivaled in terms of corruption by such states as jersey, new york, etc.. ] ‘…“I’m disappointed but not surprised,” Republican Sen. Richard Shelby said. “Only Chicago politics could tip the scales in favor of Boeing’s inferior plane. EADS clearly offers the more capable aircraft.”…’
Rep. Rangel Causes Stir In Courtroom; Reprimanded By Judge...NEW YORK (CBSNewYork) – Congressman Charles Rangel caused a stir in court Friday while trying to lend his support for bail of Afrika Owes.Owes, 17, had been a student at the prestigious Deerfield Academy in Massachusetts. Prosecutors say she was also a member of a drug gang that terrorized 137th Street in Harlem.Owes was one of fourteen suspected “137th Street Crew” gang members arrested last month. Prosecutors said the gang used shootings, beatings and robberies to protect their turf and gain street status on a stretch of West 137th Street. The gang allegedly openly dealt crack in apartment lobbies, near Harlem Hospital and near the Abyssinian Baptist Church. Congressman Charles Rangel argues for Owes getting bail to Juliet Papa of 1010 WINS

YAHOO [BRIEFING.COM]: [Suckers’ rally into the close] ‘A late flurry of buying lifted the Dow almost 90 points in less than 30 minutes, but stocks still finished the day with marked losses as participants looked past an encouraging jobs report to focus on oil's climb to a new two-year high…’

Employment Report: No Joy Here Denninger ‘The reaction on CNBS, in particular: "This is a very good report."

Really?

Incidentally, I said 100k +/- 50, and we hit ... (misprint - the original link is here - nobody's perfect!)

Nonfarm payroll employment increased by 192,000 in February, and the unemployment rate was little changed at 8.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, construction, professional and business services, health care, and transportation and warehousing.

Ok, high side. The uncertainty was very high on this report, but the results are not out of line. Those people looking for a "2" or even "3" handle (and there were lots of people who were) have a problem though - they didn't get that.

Hourly payrolls didn't move, nor did working hours. Meh.

The spin machine will be out in force I'm sure on both sides of the political spectrum. The market's initial reaction was to spike and then dive a bit; just enough to nail you with a stop run if you happened to be in the futures with a stop on at the time.

Here's the household data, which is where I focus my attention (incidentally, the "Birth-Death" was +100kish this month - if you believe that.)

[chart]

(Click to enlarge)

There was a small uptick in actual employment in February. This has to be maintained, of course, in order for it to continue to count. The key here is that on this metric annualized (which removes seasonality) we were basically flat over last month, although on the positive side of the ledger.

[chart]

(Click to enlarge)

That's a problem. We're basically flat on the labor participation rate among the population. This must show a strong recovery or the government funding model will collapse. You can report all the numbers you want but this is the one that matters, and while it did not further deteriorate it also didn't turn around.

[chart]

(Click to enlarge)

"Not in labor force" - that is, those who have walked off in disgust - showed little change this last month. Annualized it was up slightly. Again, this reflects as a lower unemployment rate, but only because we're not counting people.

[chart]

(Click to enlarge)

No joy here.

Summary: The report did not show any material amount of acceleration; it is, for all intents and purposes, flat. The Household Survey showed some people going back to work, but in terms of percentage of the working-age population the needle did not move to any material degree. The problem continues to be people we don't count as unemployed but in fact are, and as such the statistical gerrymandering of the results will give both the left and right something to spin, but in point of fact there's no evidence of an economy that is recovering it's ability to generate both private income and tax revenues.’

Stocks Hit by Middle East Worries, Financial Sector Downgrades Midnight Trader ‘4:10 PM, Mar 4, 2011 --

DJIA down 88.32 (-0.72%) to 12,169.88
S&P 500 down 9.82 (-0.74%) to 1,321.15
Nasdaq down 14.07 (-0.50%) to 2,784.67

Stock Market Rally - Where's the Money Coming From? How much is Left? Maierhofer, On Friday March 4, 2011, 12:31 pm EST

Most retail investors exited the stock market early 2009 and didn't get back in until recently. According to Strategic Insight, investors piled a net $21 billion into U.S. stock mutual funds in January, the biggest monthly inflow in seven years.

Is this rekindled infatuation with stocks bullish or bearish? If it is bullish, how much more cash is waiting on the sidelines, and how much longer can the rally last?

Once Bitten, Twice Bold

According to Michal Strahilevitz (quoted in the Wall Street Journal), a business professor at Golden Gate University, delayed bulls are driven by what psychologists call 'counterfactual regret' - the haunting sense of what might have been.

Strahilevitz explains: 'These investors have been double traumatized. First in 2008 and 2009 they suffered until they said I can't take it anymore' and sold all their stocks. And now they've had to deal with the trauma of watching the market go up and realizing they'd be better off if only they hadn't gotten out.'

Like an annoying splinter, the regrets over being out of stocks are refreshed every day the market goes up. Apparently, watching stocks rise from the sideline is more painful than the perceived risk of buying at lofty prices.

Right but Wrong

The timing of retail investors reminds me of the Wall Street Journal. On March 9, 2009, the Journal ran a front-page article with the headline 'Dow 5,000 - There's a case for it.'

This headline stuck with me because Dow 5000 is what I predicted before the financial crisis hit in 2008. By the time the Journal pointed towards Dow 5,000, the Dow had already lost over 50%, and I moved into the bullish camp. Via a March 2, 2009 special ETF Profit Strategy Newsletter alert, I advised to buy, buy, and buy.

True, after the initial 40 - 50% gain I got suspicious and haven't trusted the market since. In hindsight that was foolish. Looking at fund flows, a large number of investors are just now starting to re-enter the market, which also seems foolish.

Based on that new data, catching the initial 40-50% of the rally was much more profitable, less nerve racking, and in risk-adjusted terms much more desirable than entering around current prices or being invested over the last year.

Even investors that entered as early as August 2009, when the S&P 500 traded around 1,000, have seen a gain of only 32%, if they stuck with it. At one point, the post-April 2010 decline and May 'Flash Crash' erased eight months worth of gains. The last 21 months of the rally were much more treacherous than the first three months, but delivered a lower return with more stress.

Why Wrong?

The two charts below illustrate how sentiment and money flow affect stocks (NYSEArca: VTI - News). The green bar represents buying pressure, and the red bar selling pressure.

At the March 2009 lows, the major indexes a la Dow (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) lost over half of their value, the financial sector (NYSEArca: XLF - News) lost nearly 80%, investors were fed up with stocks and threw in the towel.

At that time, there were no more sellers left. Without sellers pulling down prices, stocks had nowhere to go but up. That's what they did.

Since the S&P blew through my initial price target, I expected a reaction at the 61.8% Fibonacci retracement level. The first chart below shows that normal market forces returned to Wall Street when the S&P reversed within points of reaching the 61.8% Fibonacci resistance [chart]

At S&P 1,220 there were simply more sellers than buyers. As in every market, the stock market needs fresh dollars to create new bids and higher prices. When sellers outnumber buyers, prices tend to fall. That's what happened.

A Formula for Disaster

The second chart below extends beyond the April 2010 highs and visually explains what happened when the Fed's QE2 appeared on the scene. In essence, the money flow was altered.

A picture says more than a thousand words, and even though simplified, this chart visualizes the effect of QE2. It has kept a constant bid beneath prices. Due to QE2 the red selling pressure bar is allowed to continue growing. At one point, the confined selling pressure will burst like a bubble and play havoc with prices. [chart]

All of this can be summarized in one formula:

Buying Pressure > Selling Pressure = Rising Stock Prices

How much Cash is on the Sidelines

Mutual fund cash levels are at an all time low of 3.4%. Even the 2007 all-time high saw mutual fund levels at 3.6%.

Currently, there are 2.4 times more assets invested in equity mutual funds than in money market funds. This is the highest ratio since after the 2007 peak but is lower than the peak ratio of 3.0.

According to Jason Goepfert with SentimenTrader, margin debt on the NYSE stood at $290 billion in January, one of the highest amounts in history. At the same time free credit dipped. Due to higher debt and lower credit, the available cash dropped to negative $46 billion, the worst figure since July 2007 (it was at negative $44 billion in April 2010).

Air Pocket Protection

QE2 has and possibly will extend the new mania and makes the possible future gains look so enticing. How do you milk this market without getting burned?

If you want the thrill of more gains you have to walk the tightrope. And if you're going to walk the tightrope you'll want a safety net.

A safety net doesn't assure a perfect performance but it keeps you safe and protects you from harm. In the investment world, a safety net - or early warning system - will get you out of stocks before it's too late.

In fact, the stock market builds its own safety nets; it's called support. As long as stocks teeter above support, the performance is solid while a break below usually means the show is either over or temporarily suspended. Either way, it's time to get out…’

Santelli: 'Good' Jobs Report Has Dark Side...

QE2 Watch Version 4.0: Fed Is 'Tone Deaf' and 'Spaghetti Tossing' Mason ‘The Federal Reserve continues to pump funds into the banking system. Reserve balances at Federal Reserve banks reached $1.3 trillion on March 2, 2011. This is up from $1.1 trillion on

February 2 and up from $1.0 trillion on December 29, 2010.

These balances serve as a relatively good proxy for the excess reserves in the banking system which averaged $1.2 trillion over the two-week period ending February 23, 2011.

As we have reported before, there are two drivers of this increase in bank reserves. The first, connected with the Fed’s program of quantitative easy, is the acquisition of United State Treasury securities.

Over the past four weeks the Federal Reserve has added almost $100 billion to its portfolio of Treasury securities. Only about $18 billion of these purchases were offset by maturing Federal Agency issues and mortgage-backed securities.

Since the end of last year, the Fed has added $220 billion to its Treasury security portfolio. In this case the Fed was replacing a $48 billion decline in the other securities that were maturing.

And, in the past 13-week period, Almost $320 billion were added to the Treasury portfolio, replacing about $80 billion in maturing Agency issues and mortgage-backed securities.

The second driver has been the action surrounding Treasury deposits with Federal Reserve banks. Since these deposits are a liability of the Fed, a reduction in these deposits increases reserves in the banking system. There are two important accounts here, the Treasury’s General Account and the Treasury’s Supplementary Financing Account.

The Supplementary Financing Account has been used for monetary purposes and in the current case, the Treasury has reduced the funds in this account by $100 billion. All of this reduction came in February.

The Treasury’s General Account is used in conjunction with Treasury Tax and Loan accounts at commercial banks and is the account that the Treasury writes checks on. Generally tax monies are collected in the Tax and Loan accounts and then are drawn into the Federal Reserve account as the Treasury wants to write checks. When the Treasury writes a check, it is deposited in commercial banks, so that bank reserves increase.

Over the past four weeks, the Treasury’s General Account has dropped by almost $70 billion. Thus, between this account and the Treasury’s Supplementary Financing Account the Fed has injected almost $170 billion reserves into the banking system in February.

I need to call attention to the fact that funds moving into and out of the General Account can vary substantially. For example, since the end of the year (which includes the February change) this account has only fallen by $39 billion. Over the last 13-week period, the account has actually increased by $4 billion. Tax collections build up toward the end of the year and then are spent during the first quarter of the year preparing for another buildup around April 15, tax collection time.

The bottom line, the Federal Reserve is seeing that plenty of reserves are being put into the banking system. But, the commercial banks seem to be holding onto the reserves rather than lending them out.

Still, the growth rates of both measures of the money stock seem to be accelerating. The year-over-year growth rate of the M1 measure of the money stock was growing by about 5.5% in the third quarter of 2010. The growth rate increased to 7.7% in the fourth quarter and is growing at a 10.2% rate in January 2011.

The M2 measure of the money stock has also accelerated, going from a year-over-year rate of increase of 2.5% in the third quarter to 3.3% in the fourth quarter to 4.3% in January.

On the surface these increases in money stock look encouraging in terms of possible future economic growth. However, we are still seeing the same behavior of individuals and businesses in the most recent period that we have observed over the past two years.

The growth rates of both measures of the money stock still seem to be coming from people that are getting out of short term "investment" vehicles and are placing these funds in demand deposits or other transaction accounts, or in currency.

The first piece of evidence of this relates to the reserves in the banking system. The total reserves in the banking system have remained roughly constant over the past year. Yet, the required reserves of the banking system have increased by 10% year-over-year. This situation could only happen if demand deposit-type of accounts, which require more reserves behind them, were increasing relative to time and savings accounts, which have smaller reserve requirements.

Looking at the individual account items we see that demand deposits at commercial banks rose at a 20% year-over-year rate of growth in January. The non-M1 part of the M2 measure of the money stock rose by only an anemic 3% rate. Thus, the substantial shift in funds from time and savings accounts to transaction accounts continues. There is no indication of a speeding up of money stock growth connected with the reserves that the Fed is injecting into the banking system.

An even more dramatic shift can be seen if we include institutional money funds in the equation and look at what has happened in the banking system over the past nine weeks. The non-M1 portion of M2 increased by $22 billion over this time period. However, funds kept in institutional money funds declined by roughly $40 billion. This means that accounts that Milton Freidman would have labeled "a temporary abode of purchasing power" actually declined by $18 billion since the start of the year.

Demand deposits and other checkable deposits rose by about $21 billion. One could note that currency in the hands of the public also rose by $16 billion.

The public continues to move money from relatively liquid short-term savings vehicles to assets that can be spent by check or cash. This is not the kind of behavior one gets in an economy that is confident and expanding. This behavior can roughly be called "defensive".

So, another month has gone by. The Fed is aggressively executing its program of quantitative easing. Yet, it still seems to be "pushing on a string." Why is it I retain the feeling that the Federal Reserve’s effort is just spaghetti tossing, seeing what might stick to the wall?

The longer this policy continues, the less confidence people seem to have in both Ben Bernanke and the Federal Reserve. I shutter to think what Bernanke and the Fed will do to us when the banking system actually does start lending again.

Note that some members of the Fed’s Open Market Committee are suggesting that QE2 end abruptly at the end of June when the current program is slated to expire. (See "Policy Makers Signal Abrupt End to Bond Purchases in June")

Does everyone in the Fed seem "tone deaf" to you? They just seem to act on pre-conceived ideas and have no sense or feel of the banking system and financial markets. Another confidence raiser.’

Warning: Stocks, Bond Yields Overvalued SuttmeierWe begin Friday with a new ValuEngine Valuation Warning which occurs when more than 65% of all stocks become overvalued. Today 66.4% of all stocks are overvalued as the market attempts to rebound back to the February 18 highs, when 68.6% of all stocks were overvalued. A higher bond yield is an important factor that makes stocks more overvalued. In addition to a new valuation warning all 16 sectors are overvalued, 14 by double-digit percentages.

Beware of Improved Jobless Claims -- If Initial Jobless Claims start to trend below 350,000 per week, the FOMC will likely allow QE2 to end at the end of June, and the market is anticipating QE3. Higher materials and energy costs are starting to be passed on to consumers. With regular gasoline approaching $3.50 per gallon, folks on Main Street, USA, will be driving less, which will become a drag on the economy. In his testimonies earlier this week Fed Chief Bernanke recognized this inflation trend as he called it temporary. The extended period for the “zero to .25%” federal funds rate began December 16, 2008, and this environment of high commodities prices and lower jobless claims should bring this extended period to an end at the end of June even if unemployment is above 9%.

The major equity averages remain below their February 18 highs when the Dow Industrial Average reached 12,391. My proprietary analytics still show weekly and monthly resistances to limit the upside even if some of the averages continue to new highs.

Key Levels for the Major Equity Averages

The Dow Industrial Average (12,258) Libya Trading Range: 11,983 to 12,391. My daily and annual value levels are 11,917 and 11,491 with weekly and monthly risky levels at 12,461 and 12,741.
The S&P 500 (1331.0) Libya Trading Range: 1294 to 1344. My daily and quarterly value levels are 1290.9 and 1262.5 with weekly and monthly risky levels at 1352.9 and 1381.3.
The NASDAQ (2799) Libya Trading Range: 2706 to 2840. My daily value level is 2691 with weekly, quarterly and monthly risky levels are 2860, 2853, and 2926.
The NASDAQ 100 (NDX) (2372) Libya Trading Range: 2285 to 2403. My daily value level is 2279 with weekly, quarterly, and monthly risky levels at 2436, 2438, and 2499.
Dow Transports (5111) Libya Trading Range: 4918 to 5306. My daily and quarterly value levels are 4793 and 4671 with weekly and annual pivots at 5150 and 5179.
The Russell 2000 (828.89) Libya Trading Range: 795 to 838. Daily and quarterly value levels are 795.83 and 765.50 with monthly risky level at 850.79.
The Philadelphia Semiconductor Index (SOX) (464.77) Libya Trading Range: 439 to 474. My daily value level is 441.14 with a monthly pivot is 453.89, quarterly pivot at 465.93 and weekly risky level at 493.15.

10-Year Note -- (3.570) Weekly, annual, and semiannual value levels are 3.630, 3.796, and 4.268 with daily, monthly, annual, and semiannual risky levels at 3.355, 3.002, 2.690, 2.441, and 2.322. [chart]

Comex Gold -- ($1417.1) Annual, quarterly, weekly, semiannual, and annual value levels are $1356.5, $1331.3, $1.316.1, $1300.6, and $1187.2 with monthly, quarterly, daily, and semiannual risky levels at $1437.7, $1441.7, 1442.2, and $1452.6.[chart]

Nymex Crude Oil -- ($101.82) Monthly, weekly, and semiannual value levels are $96.43, $89.76, and $87.52 with my annual pivots at $99.91 and $101.92, and daily, semiannual, and quarterly risky levels are $112.14, $107.14 and $110.87.[chart]

The Euro -- (1.3958) My weekly and quarterly value levels are 1.3690 and 1.3227 with a daily pivot at 1.3929. Semiannual, monthly, and annual risky levels are 1.4624, 1.4637, 1.4989, 1.6367, and 1.7312.[chart]

Daily Dow -- (12,258) Daily, annual, quarterly, semiannual, and semiannual value levels are 11,917, 11,491, 11,395, 10,959, and 9,449 with weekly, monthly, and annual risky levels at 12,461, 12,741,and 13,890.[chart]

Today's Markets: Betting on Blue Skies? Moenning ‘Good morning. I am often asked why I get up so early every morning to write about something as mundane as the stock market. The answer is simple. My primary objective relating to the market is to stay in tune with the drivers of the action. And since those drivers are constantly changing (and at times more than a little difficult to find), getting an early start is the only way to keep up. Many times, the way the market reacts to the early morning news tells you more than the news itself. Thus, I'm of the mind that you've got to be there to witness the action and the accompanying reaction firsthand if you want to truly understand what is going on in the game.

Thursday was a prime example of the market doing something that may have been unexpected. I'm not talking about the joyride to the upside at the open, as that was to be anticipated given the early inputs. No, I'm talking about the action in the afternoon. In short, stocks continued to move higher despite the fact that we had heard nothing further regarding the much ballyhooed Venezuelan peace plan and that oil prices were once again movin' on up.

Here's the deal. During the current consolidation phase, stocks have been inversely linked to the movement in oil prices the vast majority of the time. The thinking has been that higher oil prices would eventually have a negative impact on the global economy. And with the U.S. economic rebound just now starting to look sustainable, another shock to the system could bring the R word back into the mix. However, Thursday afternoon's action in the stock market suggests that traders are instead betting on blue skies ahead.

With oil prices reversing early declines on growing skepticism over the ability of one Hugo Chavez to help out his good buddy over in Libya, one might have expected to see stock prices give up those big gains and take a swan dive into the close. Don't forget, oil only finished down $0.32 on the day and closed at $101.91. Thus, the story about the drop in oil prices that the press yammered on about all day seemed more than a little silly by the time the closing bell rang at the corner of Broad and Wall.

If you recall, a similar situation occurred on Wednesday. With the major indices teetering on the edge of important support, oil prices broke to new highs as the fighting in Libya intensified in the afternoon. And yet, while the bears appeared to have an opening, the bulls somehow managed to hold the line.

So, given that traders have been treated to a big batch of better-than-expected economic data this week, the action over the past two sessions seems to suggest that the economy may trump the worry about what might (or might not) happen with oil prices. Some traders may have been positioning themselves in front of this morning's Jobs report after Wednesday's ADP data and Thursday's big drop in weekly jobless claims (jobless claims came in at the lowest level since May 2008). Some may have been covering shorts after the technical support levels held up. And while one afternoon does not a trend make, some traders may have been readying themselves for the next leg up. After all, up until the trouble in MENA started, just about everyone agreed that U.S. stocks had some room to run to the upside this year.

Heck, even Jean Claude Trichet may be getting into the act of betting on blue skies ahead. Yesterday, Mr. Trichet suggested, as only a central banker can, that the ECB may need to start pulling back on their quantitative easing program and start raising rates - as early as next month. Thus, the folks at the center of the European debt crisis may also be seeing some clearing in the clouds.

Turning to this morning... Hopes for a peace deal in Libya appear to be fading as oil climbs above $103 this morning. However, foreign markets are up nicley and the day is all about the jobs report, so let's get to it...

On the Economic front... The Labor Department reported that Nonfarm Payrolls rose in the month of February by 192,000. This was just slightly below the consensus estimates for an increase of 198,000. The January totals were revised higher to 58K from 36K and the combination of revisions for January and December produced an increase of 58K jobs.The private sector (aka the household survey) showed gains of 222K jobs, which again was above the estimates.

The nation’s Unemployment Rate was once again a big surprise as it fell to 8.9%, which was below the expectations for a reading of 9.1% and January’s level of 9.0%.

Although stock futures initially rallied on the jobs report, crude's continued rude rise has pushed prices lower in the last few minutes...

Thought for the day: Best of luck on this Friday and be sure to enjoy the weekend!

Pre-Game Indicators

Here are the Pre-Market indicators we review each morning before the opening bell...

Major Foreign Markets:

Australia: +1.14%
Shanghai: +1.35%
Hong Kong: +1.25%
Japan: +1.02%
France: +0.28%
Germany: +0.59%
London: +0.52%

Crude Oil Futures: +$1.39 to $103.30
Gold: +$1.60 to $1418.00
Dollar: lower against the Yen, higher vs. Euro and Pound
10-Year Bond Yield: Currently trading at 3.524
Stocks Futures Ahead of Open in U.S. (relative to fair value):

S&P 500: -0.62
Dow Jones Industrial Average: -2
NASDAQ Composite: -1.20

Wall Street Research Summary

Upgrades:

Progressive (PGR) - BofA/Merrill
Marathon Oil (MRO) - Target increased at Deutsche Bank
Valero Energy (VLO) - Target increased at Deutsche Bank
Western Refining (WNR) - Target increased at Deutsche Bank
Dollar Tree (DLTR) - Goldman Sachs
Capital One (COF) - Morgan Stanley
Simcere Pharmaceutical (SCR) - Oppenheimer
Altera (ALTR) - RW Baird
Fairchild Semiconductor (FCS) - RW Baird
Intel (INTC) - RW Baird
Lattice Semiconductor (LSCC) - RW Baird
ON Semiconductor (ONNN) - RW Baird
STMicroelectronics (STM) - RW Baird
Foot Locker (FL) - Sterne, Agee
Toronto-Dominion Bank (TD) - UBS
Viacom (VIA) - Estimates and target increased at UBS

Downgrades:

Citi (C) - BofA/Merrill
Goldman Sachs (GS) - BofA/Merrill
Amylin Pharmaceuticals (AMLN) - BMO Capital
Cephalon (CEPH) - Oppenheimer
Canadian Pacific (CP) - Target reduced at RBC
Cerus Corporation (CERS) - RW Baird
Monster Worldwide (MWW) - William Blair…’

Former Goldman director charged with insider trading Globe & Mail | Raj Rajaratnam, the founder of hedge fund Galleon Group, is on trial on criminal insider-trading charges.

Why the Dollar’s Reign Is Near an End Wall Street Journal | Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars.

Oil Price Shock; You Ain’t Seen Nothing Yet The most common cause of a spiking oil price is supply shock. We may be seeing just such a phenonenon right now with the effective shut down of Libyan oil. But sometimes it’s excessive demand that does the damage.

Oil price rises as Libya tensions grow Crude oil rose by more than $1 as fighting in Libya intensified and amid reports of protests in Saudi Arabia’s oil-producing eastern region.

LSE head quits over Gaddafi cash: Resignation as top judge appointed to probe Libyan links Sir Howard Davies paid the price last night for the London School of Economics’ controversial financial links with Libya.

You Call This An Economic Recovery? 44 Million Americans On Food Stamps and 10 Other Reasons Why The Economy Is Simply Not Getting Better When Barack Obama, the Federal Reserve and the mainstream media tell us that we are in the middle of an economic recovery, is that supposed to be some kind of sick joke?

Wisconsin Governor To Issue 1500 Layoff Notices Unless Fugitive Democrats Return To The State In addition to “stagflation” which we announced in January would be the word of the year, we now have a new contender in the running for what may soon be the most popular word for the next 10 months: “escalation.”

Silver’s Breaking Point As part of silver week, we have talked about all sorts of factors—supply, demand, futures, backwardation, and even the government’s manipulation of silver. The one critical factor that we didn’t mention is how megabanks have manipulated silver as of late, and the tremendous effect it has had on the market.

Gallup Reports Underemployment Surges To 19.9%, February “Jobs Situation Deteriorates”: As Bad As 2010 On one hand we have the Department of Truth about to tell tomorrow that NFP based on various seasonal and birth death adjustments increased by 250,000.

Utah Considers Return to Gold, Silver Coins It’s been nearly 80 years since the U.S. stopped using gold coins as legal currency, and nearly 40 since the world abandoned the gold standard, but the precious metal could be making a comeback in the United States — beginning in Utah.

National / World

Rolling Stone: Glenn Beck Rips Off Alex Jones Infowars.com | Rolling Stone Magazine has posted a part two to follow up on its profile of Alex Jones earlier this week.

Texas Plans to Implement REAL ID in 2013 Kurt Nimmo | Chief of Media Relations at Texas Department of Public Safety confirms state will conform to federal rules.

Infowars.com pushes ‘Defriend Day’ to #1 on Google Aaron Dykes | Campaign to draw-down from privacy predators on Facebook and other social media sites.

Big Brother: The Orwellian Nightmare Come True Mark Dice | Tremendous advances in technology often come with unforeseen consequences.

Liberated Libya Rejects US Intervention TRNN | On the streets of liberated Benghazi people say no to McCain, Lieberman and any US intervention.

World cheers as the CIA plunges Libya into chaos David Rothscum | Gaddafi is the main threat to US hegemony in Africa.

Obama Deceptively Answers Second Amendment Question It was yet another example demonstrating that some people in Mexico just don’t understand the concept of liberty, the Constitution, and the Bill of Rights.

Alex Jones Invades Twitter With Hillary Clinton this week admitting that the US military-industrial complex and the globalists are losing the information war to alternative media outlets that cover “real news,” Alex Jones is taking the Infowar to a whole new level by invading Twitter with a fresh culture jamming offensive designed to bring the truth to millions more people all over the world.

States Rebeling Against TSA: Texas The Latest To Legislate For Banning Grope-Downs, Naked Scanners Legislation has been introduced into the Texas House of Representatives that directly challenges the authority of the TSA in airports within the state, specifically aimed at criminalizing the use of naked body scanners and enhanced pat-downs.

Ron Paul Sets MSNBC Host Right On Taxes Cenk Uygur, MSNBC talking head, demonstrates how dishonest liberals can be when making arguments that the government has the right to steal your money at gunpoint. In an interview with Rep. Ron Paul, he characterizes a tax cut for the oil industry as a subsidy. Dr. Paul sets him right.

Dancing with Devil: ‘Intervention will be tragedy for Libyan people’ The Libyan leader Colonel Gaddafi is promising more violence if US or NATO forces dare to intervene, while the US is preparing for a humanitarian mission in Libya and the UK has already started one.

On the Edge: Intervention Fears Rise as US, UK Forces Mass Near Libya The U.S. and UK are becoming more isolated as they refuse to rule out intervention in Libya. Germany has joined international voices opposing any foreign military action. Washington, massing its forces off the Libyan coast, claims its keeping all options open and is ready to step in if the crisis deepens.

Oil Price Shock; You Ain’t Seen Nothing Yet The most common cause of a spiking oil price is supply shock. We may be seeing just such a phenonenon right now with the effective shut down of Libyan oil. But sometimes it’s excessive demand that does the damage.

Oil price rises as Libya tensions grow Crude oil rose by more than $1 as fighting in Libya intensified and amid reports of protests in Saudi Arabia’s oil-producing eastern region.

LSE head quits over Gaddafi cash: Resignation as top judge appointed to probe Libyan links Sir Howard Davies paid the price last night for the London School of Economics’ controversial financial links with Libya.

You Call This An Economic Recovery? 44 Million Americans On Food Stamps and 10 Other Reasons Why The Economy Is Simply Not Getting Better When Barack Obama, the Federal Reserve and the mainstream media tell us that we are in the middle of an economic recovery, is that supposed to be some kind of sick joke?

Obama declares state governors will enforce health care bill whether they like it or not At a recent meeting with US state governors in Washington, DC, President Obama made clear his intent to force the individual states to comply with his unconstitutional health care overhaul.

Soros Threatens Iran With “Bloodiest Of Revolutions” More “transparency and accountability” was needed from other producers such as Saudi Arabia he said. Mr Soros also predicted the Iranian regime would be overthrown in the “bloodiest of the revolutions”.

Computer Expert: US Was Behind Stuxnet Virus A computer expert at the influential TED Conference in California has confirmed what the New York Times already admitted in January – that the same governments calling for draconian cybersecurity powers in order to protect against cyber warfare were themselves the culprits behind an act of cyber warfare that could have triggered a new Chernobyl disaster in launching the Stuxnet worm attack against Iran.

The TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation (Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The same can be said of wobama et als and his fraudulently failed presidency. Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some might reflexively, defensively allege drugs (prescription or otherwise) or any number of the varied personality disorders so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b* s* (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to even hold the office of president in question. Drudgereport:`UPDATE: Huckabee claims Obama grew up in Kenya...` The Obama Nation, by Jerome Corsi Rezko was corrupt, and supported Obama in many campaigns as well as in Obama buying his home -- and therefore, according to Corsi, Obama is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama. Drudgereport: `WOBAMA 'IMPEACHMENT' WARNING...` `...to announce exploratory committee 'in 10 days'` Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States. Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker, along with the dems. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

Cohen: Time for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject zionism and all that is entailed therein, including an alternate reality that defies credulity, rationality, and facts; such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as when facts are not on their side, such specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international law. At best, no … God did not give them this land … at worst, God took the land back when they with roman muscle crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday will be known as the day we heard from The Receiving End of Charlie Sheen's Scorched Earth Media Tour.

Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ]

Bernanke: Fed will respond if oil prices trigger inflation (Washington Post) [ If? Come on … don’t make me laugh! … Inflation Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) Despite what Federal Reserve Chairman Ben Bernanke says, rampant inflation is officially here. The federal government is constantly monkeying with the numbers to keep the “official” rate of inflation below 2 percent, but it is becoming very difficult to deny that the cost of almost everything is really going up these days. … Merk ‘…While we believe food inflation will be with us for quite some time and may contribute to an unstable world possibly for years to come, the Federal Reserve appears to be firmly in the camp of heavily discounting food inflation. The European Central Bank (ECB), in contrast, has historically taken commodity inflation more seriously than the Fed – ECB President Trichet talks about his concern over "second round effects," i.e., commodity inflation stirring inflation throughout the value chain.

The relevance of all this is that in the U.S. it’s business as usual as far as monetary policy is concerned. According to Fed Chair Bernanke, the U.S. economy must grow at a rate of at least 2.5% per annum just to keep unemployment stable, however, he has made it clear that he will pursue policies to boost growth above that level. With oil prices soaring, he is facing yet another headwind. Rather than mopping up the liquidity that, in our assessment, has contributed to global commodity inflation, he may be tempted to keep the printing press in high gear to promote economic growth.

Gerald Celente: “There is no recovery — it’s a coverup!” Sic Semper Tyrannis | Celente argues the oil prices have been going up before the recent chaos in the Middle East. ‘…One other point brought out by Gerald Celente is the fact that the current puppet regime in the White House is “cooking the books” on the unemployment numbers and current inflation rates. They are making their own rules on how to determine inflation rates by leaving out essential information such as food and fuel prices. The same is being done with White House unemployment numbers by simply leaving out those who have given up looking for jobs, as well as other deceptive “carnie” tricks (in reference to White House spokesperson Carnie) in which he compares the administration to a traveling carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by these low interest rates, which again, when inflation skyrockets- they’re gonna have to raise them …‘

Jim Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production” Jim Rogers joins Zero Hedge in being highly skeptical about just how credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi Arabia has been lying about the reserves for decades. Saudi Arabia the last two times said they are going to increase production and they couldn’t increase production. Don’t fall for that. ] Federal Reserve chairman says he does not expect a major impact on consumer prices.

House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] House Republicans ramp up pressure on SEC Chairman Mary Schapiro.

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

Drudgereport: Gadhafi Keeps Tight Grip on Capital...
Major oil plant ablaze...
Oil millions still flow for Gadhafi...
Internet service cut again...
Battle for control...
Prayers Lead to Protests...
Rise of Islamist regimes...
AL-JAZEERA LIVE FEED... REUTERS WIRE... Tables turned on one of Gaddafi's boy soldiers...
Rebels reject Chávez mediation offer...
Video: Bloody Battle...
Obama: Pentagon Examines 'Full Range' of Options... Pump prices jump another 4 cents -- overnight... Santelli: 'Good' Jobs Report Has Dark Side...Layoffs At Pre-Recession Level; Job Openings Down 30%...
GALLUP: Unemployment Hits 10.3% in February... UPDATE: More inconsistencies found in stimulus job creation claims... UN: Food prices hit record high...Gadhafi vows fight to last man...
'It's a conspiracy to take our oil'...
Rebels rout Gadhafi force attack on oil port...
Seek Airstrikes by Foreign Forces...
FARRAKHAN: JEWS PUSHING U.S. INTO WAR
Announced Job Cuts 'Rose 20% From Year Ago'... Idaho county files for bankruptcy... Delaware voters say no to Lobotomy Joe ….. Biden (the self-proclaimed zionist) -- for name of school... 'Wobama’s Where's Waldo?' Presidency... All Former U.S. Presidents To Get Together For TV Special Honoring George H.W. Bush…(How totally pathetic they are! How embarrassing for NBC!) ... [ Wake up! http://albertpeia.com/bushcrimes.htm ] U.S. assault ships clear Suez, enter Med Sea on way to Libya...
Panic on borders...
...180,000 refugees pour into Tunisia, Egypt
Could become "a giant Somalia"...
AL-JAZEERA LIVE FEED... REUTERS WIRE... Gunman kills 2 US airmen at German airport...
Shouts 'Allah Akbar' before shooting... GOLD HITS NEW HIGH -- AGAIN... Angry mob confronts Wisconsin GOP Senator...     Video...
Wisc GOP passes bill to fine AWOL Dems... White House seeks $15 billion from federal property sales...OIL SHOCK AS MIDEAST SPIRALSMore Than 140,000 People Flee Libya...
Gadhafi forces retake towns near capital...
Cameron backtracks on no-fly zone plan... Astonishing wealth of Gaddafi and his family revealed... WIKILEAKS' ASSANGE CITED JEWISH CONSPIRACY... YEMEN RAGES...
President says US, Israel behind unrest... Fashion Week Führer: DIOR Fires Galliano After Racism Complaints... 'I love Hitler'...
'Your parents should have been gassed'...FADE: OSCAR RATINGS DOWN 10% ...
Injury Added to Insult... [ In terms of production value (rich in content in every way), I believe this to be as good and in my view better than ever as award ceremonies can be without the inimitable Bob Hope. I believe any falloff can be directly attributable to last year the academy’s egregious misstep in over-looking ‘Avatar’ / Cameron presaging a similar fate concerning my clear choice of ‘Inception’ / Nolan ( Truth be told, I’ve yet to see ‘The King’s Speech’ failing to muster any enthusiasm for seeing a film centered around a ‘so-called royal’ trying to over-come a speech impediment, albeit a minor one, regardless of circumstances; viz., stuttering, though I would concede that it was probably well done. We all know of the problems attendant to english royal inbreeding…ho hum… I did find ‘The Black Swan’ superb but attribute same to my own bias and fascination with viewing female ballet dancing). Bob Hope: Academy Awards, ‘passover’ … very funny! ]CIVIL WAR WEEKEND
Armed pro-Gaddafi gangs roll in Tripoli...
...Shooting from ambulances...
GRAFFITI AND BARRICADES...
Gaddafi vows to crush protesters...
Egypt protesters dispersed by force...
Al Qaeda calls for revolt against Arab rulers...
Obama to Gaddafi: Leave now...
UN Security Council passes votes to sanction... Gas prices surge 17 cents in a week...
Motorist Calls Police Over Rising Prices...
OBAMA: CAN WE DRILL NOW?
LONDON DRIVERS PAYING $9 A GALLON...
Spain reduces motorway speed limit to save oil... WOBAMA 'IMPEACHMENT' WARNING...  ...to announce exploratory committee 'in 10 days'WEST MOVES MILITARY ASSETS AROUND LIBYACharlieSheen Publicist Runs For Hills...
Actor set to sue CBS for $320M, 'mental anguish'...
The Legal Letter...
THE 'TODAY' INTERVIEW... NY MAG: Madoff on Madoff: The Jailhouse Tapes...
Government a Ponzi scheme... CIVIL WAR WEEKEND...
Anti-Gaddafi forces widen control...
Take town 30 miles from Tripoli...
Security forces defect...
Armed pro-gangs roll in capital...
...shooting from ambulances STUDY: World's sixth 'mass extinction' may be underway…[Much, much too optimistic relative to reality] ...
ISRAELI'S YOUTUBE SPOOF OF GADHAFI CATCHES ON IN ARAB WORLD...
Police station, state office burning in Oman town...
Tunisia prime minister resigns... Gingrich to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I mean, come on … are memories so short they don’t recall him being a total hypocrite, zionist shill, and part of the problem though to his credit, he’s not a mobster and complete joke as is trump! ] CHICAGOLAND: Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty Politics... [ The contract’s with money the nation doen’t really have anyway; and, the value of the money paid will be worth substantially less by completion; and, no surprise … Chicago hasn’t changed much from the days of capone and is rivaled in terms of corruption by such states as jersey, new york, etc..   ] ‘…“I’m disappointed but not surprised,” Republican Sen. Richard Shelby said. “Only Chicago politics could tip the scales in favor of Boeing’s inferior plane. EADS clearly offers the more capable aircraft.”…’
Rep. Rangel Causes Stir In Courtroom; Reprimanded By Judge...NEW YORK (CBSNewYork) – Congressman Charles Rangel caused a stir in court Friday while trying to lend his support for bail of Afrika Owes.Owes, 17, had been a student at the prestigious Deerfield Academy in Massachusetts. Prosecutors say she was also a member of a drug gang that terrorized 137th Street in Harlem.Owes was one of fourteen suspected “137th Street Crew” gang members arrested last month. Prosecutors said the gang used shootings, beatings and robberies to protect their turf and gain street status on a stretch of West 137th Street. The gang allegedly openly dealt crack in apartment lobbies, near Harlem Hospital and near the Abyssinian Baptist Church. Congressman Charles Rangel argues for Owes getting bail to Juliet Papa of 1010 WINS

Stocks rally(Washington Post) [ Come on! You can’t believe anything these desperate desparados say! What news, bad or good, don’t the frauds on wall street rejoice at (you can do that with manipulated cumputerized trading) Drudgereport: `Layoffs At Pre-Recession Level; Job Openings Down 30%...`
`GALLUP: Unemployment Hits 10.3% in February... UPDATE: More inconsistencies found in stimulus job creation claims... UN: Food prices hit record high...Announced Job Cuts 'Rose 20% From Year Ago'...`

This manipulated bubble rally in this secular bear market based on b s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!*

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’ ] Wall Street rejoices in an unexpected drop in jobless claims.

Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything blooming, or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces.

Public pension shortfalls could reach $1.5T (Washington Post) [ First, I think this is a low-ball estimate since it may assume some of the wildeyed assumptions beyond those being discounted in this figure. Then there’s social (in)security. Next, there’s the private pension shortfalls, particularly in the defined benefit plans. Most importantly is the defacto bankruptcy of the nation and the insurmountable debt / debt service attendant thereto. In sum, without exaggeration it really is quite a bad picture here beyond the paper fraud / froth frenzy on fraudulent wall street which of course has and still remains a significant part of the problem. Prosecution, fines, disgorgement, well deserved of the frauds on wall street could significantly help lessen the shortfalls. ] The pension funds for state and local workers are understating the amount they will owe workers by $1.5T or more, according to some economists who have studied the issue, meaning that the benefits are much costlier than many governments thought.

Krauthammer: Converts to the Bush Doctrine (Washington Post) [ ‘bush doctrine’? What’s that? Moronics(http://albertpeia.com/bushisms.htm) , imbecility, war crimes (http://albertpeia.com/evilonthetarmac.htm ), etc.? Dumbya bush has been nothing less than a one-man wrecking crew, domestically and internationally and ‘wobama the b’(for b* s*) has followed suit. Where do they get the likes of krauthammer on the right, Milbank on the left, etc.. Wake up! ]

U.S. prepares for possible rise of new Islamist regimes Revolutions may bring a more religious cast to Mideast politics (Washington Post) [ Oh riiiiight! Pervasively corrupt, defacto bankrupt america, the ‘johnny on the spot’ when it comes to being ahead of the events / curve … and they’re so interested in democratization … as in Saudi Arabia, etc… Egypt, Serbia, Georgia… The History of US Sponsored “Democratization” There is a Russian proverb: only a fool learns from his own mistakes. As Georgia’s foreign minister visits his Egyptian counterpart, there are lessons for Egypt in similar revolutions in eastern Europe and the ex-Soviet Union. ] Recent developments have alarmed some who fear that the governments taking shape will inevitably undercut democratic reforms.

This manipulated bubble rally in this secular bear market based on b s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!*

Commerce Data Shows Personal Incomes Rising but Few Americans Believe It [ Yeah, they don’t believe it because it’s not true. Scandal scarred commerce department of pervasively corrupt, defacto bankrupt, and very desperate america? Come on, give us all a break. ] Zielinski ‘American workers should be celebrating the latest numbers from the U.S. Department of Commerce that show personal income at all time highs. Since taking a rather sharp dip during the recession of 2008-2009, personal income has soared to almost $13 trillion, up from $12 trillion in early 2009.

[chart] (Click to enlarge)

Getting Americans to believe that their incomes have actually increased is another story. While the Department of Commerce is reporting all time highs in income, another survey released by Fannie Mae shows the opposite.

Fannie Mae (FNMA.OB) conducts a National Housing Survey every quarter that polls homeowners and renters in depth about their confidence in homeownership, overall confidence in the economy and the current state of their household finances.

The latest National Housing Survey for the fourth quarter of 2010 polled 3,407 Americans and the results do not reflect the rosy income numbers reported by the Department of Commerce.

The survey revealed that 62% of all respondents believe the U.S. economy is on the wrong track, 60% reported that monthly household income was the same as a year ago and 34% said that their monthly expenses were "significantly higher" than a year ago. Only 19% of those polled said their incomes were significantly higher.

Keep in mind that Americans do not normally "inflation adjust" their perception of personal income – when respondents say that their income has not changed, it means they are receiving the same absolute amount of dollars, unadjusted for inflation.

[chart] (Click to enlarge)

Total personal income may have increased but income gains seem to have been limited to a small minority of Americans.

In any event, if most Americans have not seen an increase in their monthly incomes, there is little reason for comfort going forward. As higher oil and commodity prices work their way through the system, the basic cost of living will increase for everyone. If that’s not enough, once Fed Chairman Bernanke’s obsession with creating higher inflation succeeds, we are all apt to feel poorer.’

3 Market Valuation Indicators Continue to Signal Caution Short ‘Yesterday I posted monthly updates of the three valuation indicators I routinely follow:

The relationship of the S&P Composite to a regression trendline (more)
The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more)
The Q Ratio — the total price of the market divided by its replacement cost (more)

This post is essentially an overview and summary by way of chart overlays of the three. To facilitate comparisons, I've adjusted the Q Ratio and P/E10 to their arithmetic mean, which I represent as zero. Thus the percentages on the vertical axis show the over/undervaluation as a percent above mean value, which I'm using as a surrogate for fair value. Based on the latest S&P 500 monthly data, the index is overvalued by 72%, 48% or 43%, depending on which of the three metrics you choose.

I've plotted the S&P regression data as an area chart type rather than a line to make the comparisons a bit easier to read. It also reinforces the difference between the two line charts — both being simple ratios — and the regression series, which measures the distance from an exponential regression on a log chart.

click to enlarge images

[chart]

The chart below differs from the one above in that the two valuation ratios (P/E and Q) are adjusted to their geometric mean rather than their arithmetic mean (which is what most people think of as the "average"). The geometric mean weights the central tendency of a series of numbers, thus calling attention to outliers. In my view, the first chart does a satisfactory job of illustrating these three approaches to market valuation, but I've included the geometric variant as an interesting alternative view for P/E and Q.

[chart]

As I've frequently pointed out, these indicators aren't useful as short-term signals of market direction. Periods of over- and under-valuation can last for years. But they can play a role in framing longer-term expectations of investment returns. At present they suggest a cautious outlook and guarded expections.’

Bulls Find a Way to Rally: Dave's Daily ‘ Stocks rallied on economic data (better than expected Jobless Claims & ISM Data) and hopes (I kid you not!) that Libya might accept mediation via Hugo Chavez which drove oil prices slightly lower. That's about the gist of it as best I can tell. Most markets reversed course with stocks higher, bonds much lower, precious metals down and commodities lower overall. I woke up this morning in Las Vegas (family reunion) and thought something big must have happened and other than the points rallied didn't really see that much. But, let's remember, bulls are a trigger happy bunch, believe the Fed might continue QE forever (more POMO today) and MENA is nothing to worry about "today". Further, with great expectations, bulls must believe the non-farm payrolls report Friday will bring much joy. One pundit yesterday noted markets were "resilient" and was grateful oil prices weren't "too high" (he must not commute). That's basically the bullish mindset. Retail Sales were reported as good and with oil still over $100; SUVs are believed to be flying off car lots. This is hard to imagine. The next "I got to have it" iPad2 was introduced and if you had the original would you really jump to the new one? Yes, for those in Hollywood or executive offices of hedge funds and Wall Street. But, no matter how you slice it this week has seen extraordinary volatility and it's not over yet…’

Bernanke Throws Gasoline on the Fire Payne ‘

Sustained rises in the prices of oil or other commodities would represent a threat both to economic growth and to overall price stability, particularly if they were to cause inflation expectations to become less well anchored. -Ben Bernanke

If it's all about expectations then I think the Federal Reserve Chairmen added gasoline to the fire on Tuesday. Many people already see inflation and don't expect it to go away anytime soon. This puts the Fed in a tough position because so far it has been able to get what it wants in the perception department. The wealth effect is creeping back. People aren't afraid to open their 401K statements. Yet, on that note, people aren't flocking to the stock market as most still seek comfort in precious metals or prefer cooling their heels on the sidelines.

Despite soaring consumer confidence surveys, to which Bernanke referred, visions of March 2009 burns bright in the minds of many. This actually makes the market more vulnerable to a series of lower moves based solely on a domino effect of fear. But this all falls into the emotion category, and while moves from these emotions can be sharp and abrupt, they don't reflect true value or future potential. What it does is create one heck of a dilemma. It also could be a heck of a challenge for investors, active and those on the sidelines, still smarting about that nuclear meltdown of 2009.

In the meantime, Bernanke might have sold the wisdom of QE 1 and 2 so well that the foregone conclusion is that there is no way the economy (stock market…wink) should need additional help. That means the stock market has to find new sources to make up for the Fed's $75.0 billion monthly injections. It's highly unlikely individual investors will make up that number, and professionals may not have the powder. Plus, those professionals are held to greater accountability. Yes, there are still trillions of dollars on the sidelines and people are becoming more eager to make money, but that still has to translate into taking chances. It's easier to take chances when one feels confident.

I continue to believe such confidence begins with our government. The House passed a stopgap budget bill giving lawmakers two weeks to figure out where to cut and by how much. Republicans in the House have already passed a bill with $61.0 billion in cuts but Democrats are balking. They point to a report from Goldman Sachs (GS) that says such cuts would decrease GDP by 1.5% to 2.0% in the second and third quarters. Mark Zandi says the cuts would cost 700,000 job losses through 2012. I beg to differ. Fiscal responsibility would embolden people to put money to work knowing their own government is becoming responsible.

But the White House holds the wildcard, and that's to lower corporate taxes. We saw consumer income climb from the payroll tax cut, I think we could see massive money pour into society the right way, through job hires and research and development. Let U.S. businesses bring money parked abroad back home and we could find a source to take the place of that $75.0 billion gravy train that will probably come to a halt in June. The market can handle higher prices as a consequence of lower unemployment and rising wages. But, the Fed has fueled the rise in crude as much as it has played the role in gold and silver spiking higher. There is a demand dynamic to crude, particularly in emerging markets.

Going into the close on Tuesday we also learned there is surprising domestic demand for petroleum.

American Petroleum Institute reported on changes in inventories.

Crude drawdown: 1.08 million barrels (consensus was build of 1.6 million)
Gasoline drawdown: 4.9 million barrels (consensus build of 900,000)
Distillates drawdown: 1.44 million (consensus drawdown of 1.8 million)

I still believe most of Tuesday's spike was Bernanke talking up oil and the notion of commodities climbing on expectations of higher prices.

[chart]

Consumers are talking a good game about confidence, but it's going to take serious job gains for them to put their money where their survey responses are. I think the January jobs number could come in above 200,000, but I wonder if weather could have played a role or could we have yet another disappointment.

Confidence would get a boost with a quick resolution in the Middle East. Right now, it looks like Saudi Arabia gets through along with Oman and Yemen. Libya would seem like a done deal, although waking up to learn Qaddafi launched an unsuccessful counterattack yesterday was unnerving. Now, dissidents might ask America to provide air attacks as cover for their own counterattack. As it stands, we have two U.S. Naval battleships heading to Libya for humanitarian assistance.’

Housing Market, Community Banks Will Drag the Economy Suttmeier ‘The Fed’s Beige Books are the gossip columns from the 12 Fed districts, and the anecdotal evidence shows that despite some economic improvements, the housing market continues to be a drag, and that community banks are still reluctant to lend. The FDIC Quarterly Banking Profile is the balance sheet of the US economy, and nearly 60% of all community banks still face balance sheet stress that makes it difficult to increase lending, as noncurrent loans continue to be a burden.

The latest Beige Book, released on Wednesday, showed that economic growth continued to expand at a modest to moderate pace in January and early February. The major headwind has been residential real estate activity and some Fed districts reported a slight increase in activity, but the overall level of home sales and construction remained low. Nonresidential construction was described as weak.

In a separate report from the FDIC, their Quarterly Banking Profile for the fourth quarter showed continued stress among the community banks that provide funding to real estate lending. Overexposures to Construction & Development Loans and Commercial Real Estate Loans continued. This correlates to the Beige Book reporting that credit standards were unchanged to tighter.

The FDIC List of Problem Banks rose by 24 in the fourth quarter to 884 from 860, which is 11.5% of the 7,657 FDIC-insured financial institutions.
1,265 community banks remain overexposed to C&D loans and another 1,358 are overexposed to CRE loans, which includes nonfarm and nonresidential real estate loans. The total, 2,623 community banks, is 34.3% of all banks that still need to unwind risk exposures.
Looking at Pipeline Risk, which is the ratio of CRE loans to CRE loan commitments, 4,479 community banks have a Pipeline of 80% or higher, which is 58.5% of all FDIC-insured financial institutions.
Total Assets in the banking system declined $51.8 billion in the fourth quarter of 2010 with C&D loans down $32.5 billion. Even so C&D loans still total $321.6 billion with nonfarm, non-residential real estate loans at $1.07 trillion, and problem loans continue.

The housing market thus remains a drag on the US economy, and the network of community banks are not fit financially to increase lending to homebuilders and to potential home buyers. This environment caused the 2008/2009 recession and because the environment is not improving, housing and the banking system can again drag the economy into a double dip. I have been calling it “The Great Credit Crunch” since March 2007, and the crunch continues in 2011.

10-Year Note -- (3.477) Weekly and annual value levels are 3.630 and 3.796 with the 50-day simple moving average at 3.446 and daily and monthly risky levels at 3.356 and 3.002.

[chart]
Source: Thomson / Reuters

Comex Gold -- ($1434.1) Strength tested my monthly and quarterly risky levels at $1437.7 and $1441.7. The 50-day simple moving average is $1375.8 with semiannual risky level at $1452.6.

[chart]
Source: Thomson / Reuters

Nymex Crude Oil -- ($102.44) My annual pivots at $99.91 and $101.92 have become strong magnets. My monthly value level is $96.43 with semiannual, daily, and quarterly risky levels at $107.14, $108.37, and $110.87.

[chart]
Source: Thomson / Reuters

The Euro -- (1.3863) It tested Wednesday’s risky level at 1.3898. My weekly and quarterly value levels are 1.3690 and 1.3227 with a daily risky level at 1.3942. The euro remains below its 200-week simple moving average at 1.3953.

[chart]
Source: Thomson / Reuters

Daily Dow: (12,067) It's trading between its 50-day simple moving average at 11,916 and its 21-day simple moving average at 12,148. Daily and annual value levels are 11,977 and 11,491 with weekly, monthly, and annual risky levels at 12,461, 12,741, and 13,890.

[chart]
Source: Thomson / Reuters

ValuEngine Valuation Warning -- A ValuEngine Valuation Warning occurs when more than 65% of all stocks in the ValuEngine universe are calculated to be overvalued. On February 18, 68.6% of all stocks were overvalued, which was the highest of the year. Today 62.1% of all stocks are overvalued. All 15 of 16 sectors are overvalued, eight by double-digit percentages.

Key Levels for the Major Equity Averages

The Dow Industrial Average (12,067) Libya Trading Range: 11,983 to 12,391. My daily and annual value levels are 11,977 and 11,491 with weekly and monthly risky levels at 12,461 and 12,741.
The S&P 500 (1308.4) Libya Trading Range: 1294 to 1344. The 50-day is 1293.55 with the 21-day at 1319.83. My daily and quarterly value levels are 1291.2 and 1262.5 with weekly and monthly risky levels at 1352.9 and 1381.3.
The Nasdaq (2748) Libya Trading Range: 2706 to 2840. The 50-day is 2733.76 with the 21-day at 2779.85. My daily value level is 2690 with weekly, quarterly, and monthly risky levels at 2860, 2853, and 2926.
The Nasdaq 100 (NDX) (2327) Libya Trading Range: 2285 to 2403. The 50-day is 2304.84 with the 21-day at 2350.52. My daily value level is 2268 with weekly, quarterly, and monthly risky levels at 2436, 2438, and 2499.
Dow Transports (4957) Libya Trading Range: 4918 to 5306. Below its 50-day at 5126. My daily and quarterly value levels are 4804 and 4671 with weekly and annual pivots at 5150 and 5179.
The Russell 2000 (810.90) Libya Trading Range: 795 to 838. The 50-day is 799.71 with the 21-day at 813.44. Daily and quarterly value levels are 793.95 and 765.50 with weekly and monthly risky levels at 826.33 and 850.79.
The Philadelphia Semiconductor Index (SOX) (456.09) Libya Trading Range: 439 to 474. The 50-day is 441.01 with the 21-day at 459.17. My daily value level is 438.94 with a monthly pivot at 453.89, quarterly pivot at 465.93, and weekly risky level at 493.15.’

Former Goldman director charged with insider trading Globe & Mail | Raj Rajaratnam, the founder of hedge fund Galleon Group, is on trial on criminal insider-trading charges.

Why the Dollar’s Reign Is Near an End Wall Street Journal | Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars.

Ron Paul To Ben Bernanke “I Want A Definition Of Money!” MOX News | Congressman overseeing monetary policy questions Fed chair.

China Gold Demand Voracious – Chinese Yuan Gold Standard? Gold and silver have recovered somewhat from slight falls in Asia overnight and are now higher against the British pound and Swiss franc which are weaker this morning. With geopolitical instability looking set to escalate and the real possibility of a military confrontation in the Mediterranean, any sell off in the precious metals will likely be tentative.

Monetization and Debt Will Only Bring Inflation Many ask, what will happen when quantitative easing ends? China doesn’t want to accumulate more Treasury and Agency bonds and we find the buying from London and the Cayman Islands questionable at best.

97% of All U.S. Mortgages are Backed by the Government I heard a recent talk by Richard Wolff – Professor of Economics Emeritus at the University of Massachusetts in Amherst (PhD in Economics from Yale) – where Wolff said that 97% of all U.S. mortgages are either written or guaranteed by the government.

Oil: How High Will It Go? Some emails have been stacking up with regard to what’s happening with oil prices. In summary, people are wondering, “How high will it go?” and “How bad could this get?” and “Is this it?” etc.

National / World

TSA Controversy Explodes Steve Watson | One week is a long time in the world of TSA tyranny .

Making “V”ictory a Reality: Answer to 1984 Contest Entry Infowars | An awesome example of peaceful activism in the fight against 1984.

James Woolsey denies CIA media control Aaron Dykes | Former CIA director plays dumb on Operation Mockingbird and admitted media propaganda.

Zakaria: America is Doomed Because It Fails to Embrace Globalism Kurt Nimmo | Fareed Zakaria is a member of both the CFR and Rockefeller’s Trilateral Commission.

Rolling Stone Gets Alex Jones Wrong Saman Mohammadi | Alex is attracting listeners because he doesn’t play the false left-right game like Glenn Beck and other clowns on television.

On Charles Ponzi Day We Celebrate Another All Time Record In Food Stamp Usage Bernanke’s plan to recreate Libya in our own back yard is continuing to work magnificently. It is no surprise that on Charles Ponzi day, the update to food stamp usage indicates that in December those receiving an average of $134 per month has just hit 44.1 million people.

Gas Prices Jump 4 Cents Overnight Gas prices jumped 4 cents overnight, with the average American driver now paying more than $3.40 a gallon.

Hillary Clinton: ‘We Are Losing The Infowar’ Secretary of State Hillary Clinton made a tacit admission during a U.S. Foreign Policy Priorities committee meeting yesterday, arguing that the State Department needs more money because the US military-industrial complex is “losing the information war” to the likes of Russia Today and Al Jazeera due to the US corporate media having completely abandoned “real news”.

Wars, Rumors Of Wars, Skyrocketing Oil Prices And Global Economic Chaos – Why Is All Of This Happening? Did anyone out there anticipate that 2011 would be such a wild year?

Egypt, Serbia, Georgia… The History of US Sponsored “Democratization” There is a Russian proverb: only a fool learns from his own mistakes. As Georgia’s foreign minister visits his Egyptian counterpart, there are lessons for Egypt in similar revolutions in eastern Europe and the ex-Soviet Union.

The TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation (Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The same can be said of wobama et als and his fraudulently failed presidency. Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some might reflexively, defensively allege drugs (prescription or otherwise) or any number of the varied personality disorders so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b* s* (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to even hold the office of president in question. Drudgereport:`UPDATE: Huckabee claims Obama grew up in Kenya...` The Obama Nation, by Jerome Corsi Rezko was corrupt, and supported Obama in many campaigns as well as in Obama buying his home -- and therefore, according to Corsi, Obama is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama. Drudgereport: `WOBAMA 'IMPEACHMENT' WARNING...` `...to announce exploratory committee 'in 10 days'` Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States. Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker, along with the dems. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

Cohen: Time for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject zionism and all that is entailed therein, including an alternate reality that defies credulity, rationality, and facts; such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as when facts are not on their side, such specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international law. At best, no … God did not give them this land … at worst, God took the land back when they with roman muscle crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday will be known as the day we heard from The Receiving End of Charlie Sheen's Scorched Earth Media Tour.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by these low interest rates, which again, when inflation skyrockets- they’re gonna have to raise them …‘

Jim Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production” Jim Rogers joins Zero Hedge in being highly skeptical about just how credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi Arabia has been lying about the reserves for decades. Saudi Arabia the last two times said they are going to increase production and they couldn’t increase production. Don’t fall for that. ] Federal Reserve chairman says he does not expect a major impact on consumer prices.

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] House Republicans ramp up pressure on SEC Chairman Mary Schapiro.

[ (2-26-11 et seq) Let me state for the record here that my computer has been under constant viral, hack attack, paralleling prior such foolish, paranoid actions and let me reiterate: They will be sorry and I won’t forget it! ]

Christian minorities minister assassinated (Washington Post) [ Christians, Christianity lumped together with war criminals, zionists, invaders, plunderers, murderers, etc.. No surprise here. Winning hearts and minds? I don’t think so … Blowback? Most assuredly: 2 U.S. airmen killed, 2 hurt in shooting near Frankfurt airport (Post, March 2, 2011); Most U.S. aid to Pakistan hasn't gotten there yet (Post, March 2, 2011); Clinton: U.S. losing global public-relations battle - to 'Baywatch' and wrestling (Post, March 2, 2011 Well, I don’t know about baywatch and wrestling, but reality beyond false propaganda will do it every time) ] Shahbaz Bhatti is gunned down in the second killing this year of a liberal, senior government official who had spoken out against the nation's stringent blasphemy laws.Karzai condemns deadly NATO airstrike (Washington Post) [ Well, for pervasively corrupt, defacto bankrupt america, it’s just another of many war crimes. They just role out the propaganda machine that no one is buying anymore. Yet, can you believe your eyes and ears here: Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] A NATO airstrike that Afghan officials said killed nine children collecting firewood in eastern Afghanistan beccomes the latest irritant in the tense relationship between President Hamid Karzai and the international force in the country.

Government cracks down on employment scams (Washington Post) [ Yet leave the biggest, most deleterious scam / fraud unprosecuted. What total b*** s***! House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] House Republicans ramp up pressure on SEC Chairman Mary Schapiro.

] FTC says companies promised to help people find work but instead took their money.

Oil soars to more than $100 a barrel on Libyan unrest (Washington Post) [ When you factor in reality, the worst is yet to come … Gerald Celente: “There is no recovery — it’s a coverup!” Sic Semper Tyrannis | Celente argues the oil prices have been going up before the recent chaos in the Middle East. ‘…One other point brought out by Gerald Celente is the fact that the current puppet regime in the White House is “cooking the books” on the unemployment numbers and current inflation rates. They are making their own rules on how to determine inflation rates by leaving out essential information such as food and fuel prices. The same is being done with White House unemployment numbers by simply leaving out those who have given up looking for jobs, as well as other deceptive “carnie” tricks (in reference to White House spokesperson Carnie) in which he compares the administration to a traveling carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by these low interest rates, which again, when inflation skyrockets- they’re gonna have to raise them …‘

Jim Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production” Jim Rogers joins Zero Hedge in being highly skeptical about just how credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi Arabia has been lying about the reserves for decades. Saudi Arabia the last two times said they are going to increase production and they couldn’t increase production. Don’t fall for that. ] Federal Reserve chairman says he does not expect a major impact on consumer prices.

A Crash in Saudi Arabia, Arrogant Eurocrats and a Look at the Markets Part 2 Tenebrarum ‘Saudi Arabia's Stock Market Plunges

Stock market traders in Saudi Arabia got a bit of a wake-up call yesterday. Their stock market evidently sees something it doesn't like. Why the market is all of a sudden more worried than it was previously about the challenge to the established political order in the Arab world is a bit of a mystery, but presumably traders have thus far deluded themselves into thinking that Saudi Arabia would be immune to unrest. Something has evidently changed their mind. It seems to us that this event deserves the moniker warning sign. The selling has been extremely heavy for three days now. Since this market is largely driven by local investors, we should probably attach some significance to this recent plunge. Someone has begun to sell three days ago and has spooked the herd. It's a good bet that the someone who started the selling is better informed than the rest of us.

Note in this context the following information about the current oil policy of Saudi Arabia from Marketwatch. While the article references anonymous sources, which stands in the way of fact-checking, there is one paragraph that caught our eye:

"The main threat is ... Saudi instability when the current king dies. We know he is very ill but obviously there is no indication of how critical that condition is. But it is acknowledged that the next transition will present a much bigger threat to internal stability ... Vested interest groups have been waiting for this transition to push their agenda. Saudi experienced considerable regional instability up to 10 years ago but bought it off with higher oil-based spending. Today the problem is as bad, if not worse. There have been only a few of the promised reforms ... Resentment towards the wealth gap with the royals is very high ... Even if/when the instability in other countries, such as Libya, settles, the Saudi succession threat is now firmly on the table. What happens in Bahrain could be very key. That alone will keep the oil market nervous for this year."

The very ill king could in fact be the key to the sudden crash in Saudi Arabia's stock market. With political instability across the entire region, a fight for succession in Saudi Arabia wouldn't be very conducive to stability at this particular point in time. The fact that spreading some of the oil wealth around has not been effective in lowering the level of resentment vis-a-vis the royals sounds very credible to us. So does the assertion that what happens in Bahrain will be very important. Bahrain is ruled by a monarchy as well and should it lose power, the Saudi masses could be galvanized.

Saudi Arabia is the world's second biggest oil producer after Russia and as a result the monarchy has enormous financial resources at its disposal. This certainly helps with buying off numerous special interest groups. Also, as we mentioned in passing previously, the royals have a deal with the powerful and highly conservative religious establishment that helps keep them in power. Essentially the country is a mixture between a monarchy and theocracy. The strict religiously inspired laws may on the one hand sit well with the deeply religious population, but on the other hand they also make for a very repressive environment that may sit less well with the youth – large numbers of which are unemployed. Also, the extravagance of the many Saudi princes (over 10,000 royals are about, all well-endowed with stipends) may not go down all that well with the rest of the Saudis , regardless of what deals the royals have made with the mullahs. All in all, it remains a potentially explosive situation.

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Saudi Arabia's Al-Tadawul All-share Index goes somewhat belatedly into free-fall.

In the meantime, Muammar Qaddafy continues to give utterly bizarre interviews (if anything, they have become even more so ... "I don't lead Libya, I have no power" ... "The people of Libya love me!"), while more and more of Libya falls to opposition forces. Evidently the man has lost whatever connection to reality he may once have possessed. The Pentagon has meanwhile assembled naval forces off Libyan waters – possibly to enforce a no-fly zone.

While all eyes are on Libya, Egypt has once again decided not to reopen its stock market – the reopening of the stock exchange has been been postponed repeatedly, so this is almost business as usual by now.

"The Egyptian Exchange, shuttered for over a month, was to resume trading on Tuesday. But in an overnight statement, exchange officials said the market would reopen instead on March 6 to 'allow investors to profit from the government's support to guarantee stability in the bourse.'

"The decision reflected the strong undercurrent of unease in the Arab world's most populous nation where the market's benchmark stock index had shed almost 17 percent in two consecutive trading sessions before it closed at the end of the business day on Jan. 27."

Keep the market closed to 'allow investors to profit from the government's support to guarantee stability in the bourse'? Good luck with that one.

As a final note on the Middle East, we continue to recommend keeping an eye on Iran. The regime is evidently worried, and given Iran's importance as an oil exporter, any unrest in that country would arguably have an even bigger effect on the oil market than Libya's recent disintegration.

Ireland and the Arrogant Eurocracy

Via Dr. Jim Walker of the excellent research firm Asianomics, we have been made aware of some of the things various eurocrats have had to say about the Irish election. Some of these quotes are remarkable for their unbridled and quite unwarranted arrogance.

"As Irish voters headed for the polling booths on Friday, the European Commission bluntly declared that the terms of the EU-IMF bailout "must be applied" whatever the will of Ireland's people or regardless of any change of government.

"It's an agreement between the EU and the Republic of Ireland, it's not an agreement between an institution and a particular government," said a Brussels spokesman.

A European diplomat, from a large eurozone country, told The Sunday Telegraph that "the more the Irish make a big deal about renegotiation in public, the more attitudes will harden."

"It is not even take it or leave it. It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told," said the diplomat.”

(Our emphasis)

Hello? Irish voters are "not a party in this process"? Irish voters – i.e. the tax cows that have been condemned to bail out their failed banks so that the highly leveraged German banking system can avoid a debt restructuring broadside – may well go from "revolution lite" as the WSJ calls the election outcome (since essentially, one conservative party was exchanged for another), to a "real revolution." As an aside, while the WSJ asserts that 'Ireland needs Merkel," we believe it is exactly the other way around (see further below as to why). Our understanding of 'democracy' is that voters are the ultimate arbiters of such things. There is no agreement that can not be amended or broken if voters feel they have been sold out by the government that signed it. As the Telegraph notes further:

"Dessie Shiels, an independent candidate in Donegal, said: "People have not been given the basic right of deciding whether or not they should have their taxes increased in order to repay bondholders who have lent to the banks."

David McWilliams, an economist and former official at the Ireland's Central Bank, has led calls for a popular vote under Article 27 of the Irish constitution, which requires on a matter of "such national importance that the will of the people ought to be ascertained."

"We have to re-negotiate everything," he said. "Obviously, the first way to do this is to make them aware that if they force us to pay everything, we will default and they will get nothing. So they had better get a little bit of something, than all of nothing. To make this financial pill easier to swallow, we must take the initiative politically. We can do this via a referendum.

"If the Irish people hold a referendum on the bank debts now, we can go to the EU with a mandate from the people which says No. This will allow our politicians to play hard-ball, because to do otherwise would be an anti-democratic endgame."

Declan Ganley, the Irish businessman who led the 2008 No vote to the Lisbon Treaty, said Ireland must "have the balls" to threaten debt default and withdrawal from the single currency.

"We have a hostage, it is called the euro," he said. "The euro is insolvent. The only question is whether Ireland should be sacrificed to keep the Ponzi scheme going. We have to have a Plan B to the misnamed bailout, which is to go back to the Irish Punt."

(our emphasis)

Got it in one, Mr, Ganley. Ireland is the party that has the leverage in this situation, not the EU. The decisive point is this: The euro is a kind of roach motel – it's easy (too easy) to get in, but it is very hard to get out.

Why is it so hard to get out? It isn't, as the outgoing Irish government asserted, the fact that government would find it hard to borrow money in the markets after a bank debt restructuring, or even after a restructuring of the government's own debt. Greece, which has been bankrupt for half of the past 180 years, is proof positive that it is fairly easy to find new suckers for government debt after a while.

No, at the root of the roach motel problem are the banks themselves. If the population suspects that an abandonment of the euro is imminent, worries that the national currency likely to succeed the euro will be devalued would provoke a flight from the banks – depositors would shift their deposits to other banks somewhere else in the euro area. Both Greece and Ireland have in fact been plagued by such a flight of depositors already, to varying extent. In fact, the biggest and quite obviously bankrupt Irish banks have bled deposits at an enormous rate lately. With the banks completely zombified, worries about a flight of depositors should be much reduced – since they have already largely fled.

The banking system is however also a big worry for the rest of the EU. Why was the Irish government forced to accept a bailout? What was so urgent? Why was it so important to especially avoid a restructuring of the senior debt of Ireland's banks? The answer is that an Irish debt restructuring imposing a big haircut on bondholders would hit banks elsewhere in the euro area (including the ECB, as it were). The way we see this, Irish voters will eventually prove the arrogant unnamed European diplomat from a big country wrong. They will eventually be a party to the proceedings. Negotiating a lower interest rate on borrowings from the EFSF, the currently enunciated goal of the new Irish government won't be enough. It won't do the trick because the burden will still be too large.

We would note here, as we have repeatedly done before, that it does no-one any good to pretend that losses don't exist or that the giant fiat money Ponzi scheme made up of unpayable government debt and de facto insolvent fractionally reserved banks can be forever kept going by heaping new debts atop the old ones. If we want genuine, sustainable economic growth to resume, the only way to achieve that is to bite the bullet. Acknowledge the losses and let them fall upon those who have invested unwisely. This is not merely a question of morality, as prominent Keynesians like Paul Krugman keep saying. It is a question that concerns the system of free market capitalism itself. Capitalism is not supposed to privatize profits and socialize losses. This is a perversion of the free market system that will ultimately serve to destroy it.

In addition, as the EU lurches toward the 'big accord' planned for late March – a.k.a. the Grand Bargain (Portugal may well fall into crisis before that date, as its bond yields remain stuck above the crucial 7% level and large debt rollovers are awaiting it in March) , there are evidently plans afoot to make other European nations more like Germany. Unfortunately this is not merely about fiscal rectitude as such. It is also about the desire of the German political class to impose Germany's high taxes on everyone. Ireland would do well to think twice about agreeing to such stipulations.

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Portugal's 10 year bond yield sits at 7.45%. Greece and Ireland both became EFSF wards when their yields crossed the 7% mark. And yes, this is a bullish (bearish for Portuguese debt) chart.

The Markets

The Stock Market

In the wake of the big decline in Saudi Arabia's stock market, other stock markets also suffered a bad hair day. It would be easy to pin the blame for the stock market's recent decline on the problems in the Middle East, but bulls should perhaps be more concerned about a number of other facts. For one thing, there is the subtle internal technical deterioration as evidenced by many 'momo' stocks coming under pressure of late, i.e., the so-called "Teflon stocks" all of a sudden look somewhat less teflonesque. A similar point is made in a recent article by Michael Kahn at Barron's about the Dow Jones Industrial Average. As Kahn remarks:

"Despite its limited representation in a market of thousands of stocks, the Dow Jones Industrial Average nonetheless is an important barometer. Given the sheer dollar value of its 30 component issues, any cracks in its armor should not be ignored.

So when fully one fifth of Dow stocks sport technical failure we should take notice. Failure, in the lexicon of charting, is often used to describe a stock falling as it hits a key level such as resistance or the top of a pattern.

When a stock breaks out to the upside from resistance or a chart pattern it is usually a bullish sign. Demand overcomes supply and prices move higher – most of the time. However, failure to hold on to that breakout is the unusual case and that makes it a true newsworthy event for investors."

Kahn notes that the bulk of the DJIA stocks remains in solid uptrends, but of course when the market gets into trouble, the first signs of such are always subtle.

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What is notable to us about the recent decline is that the preceding rally as well as the recent rebound all happened on very weak volume, whereas volume tends to spike when the market moves lower. This is a negative sign too.

What else should stock market bulls worry about aside from the loss of leadership and subtle signs of technical deterioration? How about "Hedge funds borrow the most since 2007 to purchase U.S. stocks?"

"Hedge funds increased their net leverage in January to the highest level since October 2007, as they took advantage of record-low borrowing costs to bet that the U.S. equity rally will continue.

Debt at margin accounts at the New York Stock Exchange minus cash and unused credit from margin accounts climbed to $46 billion, according to data released by NYSE yesterday. Hedge funds had $290 billion of debt from margin accounts in December, the largest sum since Lehman Brothers Holdings Inc. collapsed in September 2008."

(Our emphasis)

Needless to say, October of 2007 was not exactly a propitious time to buy lots of stocks on margin. Perhaps this time will be different, but we kind of doubt it (although in some respects the 2007 high was even more beset by extremes – but then, it was a much higher high).

What else is there to worry about? How about those capitulating bears: "Capitulating Bears Push Short Sales to Lowest in Three Years."

"The biggest Standard & Poor’s 500 Index rally in more than five decades is forcing stock market bears to abandon short sales, cutting them to the lowest level since 2007 last month.

Shares borrowed and sold to profit from declines dropped four straight months and represented 3.3 percent of all stock in January, according to data compiled by NYSE Euronext. Pessimists are giving up after missing the 95 percent rally in the S&P 500 spurred by the fastest earnings growth since 1994. The monthly decrease comes as individuals added $17.6 billion to U.S. mutual funds this year after withdrawing money since April."

(Our emphasis)

There it is mentioned again, that fateful year 2007. Capitulating bears weren't a good sign then, and they are unlikely to be a good sign now. The lower the short interest ratio, the less support from short covering there will be once the market heads down, but to us it is more important what this datum says about sentiment.

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The chart of the high beta DJ Transportation average is intriguing – its rebound failed at the 50 day moving average. This average generally tends to lag in moves up (i.e. it tends to be one of the last indexes to top out) and lead in declines.

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A recent chart of mutual fund cash levels from Jason Goepfert's sentimentrader.com shows that mutual fund managers are also all in – the current reading is the second lowest in all of history , a mere 10 basis points above the all time low (the absolute low was seen in 2010). This indicator tends to have medium to long term significance. We see it largely as an expression of fund manager sentiment.

Solely from a chart perspective it is too early to say whether the recent pullback will just be a short term hiccup or the beginning of a more substantial correction. Many of the aforementioned momentum stocks have weakened, but they have not yet broken any important supports. However, the fact that the market has for a change not rallied on the first of the month (the bulk of the advance from the 2009 low was accomplished by large first-of-the-month rallies) clearly constitutes a change in character.

Apart from that, the fact remains that risk is extremely high. Should the market rebound and streak to new highs for the move, said risk won't diminish, but will become even greater.

Gold and Oil

Not too surprisingly, both oil and gold have continued their rallies. Gold is on the verge of a decisive breakout, while the oil market appears close to negating a recent reversal candle (as we noted at the time, such reversals require follow-through selling to be confirmed as such).

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It appears that oil wants to go even higher. Since the reversal candle that was put in place four trading days ago has not led to follow-through selling and the market is already bouncing higher again, no reversal has been confirmed as of yet. Of course this is now a market harboring a large political risk premium, which makes it extra-risky (for both bulls and bears). Nothing's wrong with this chart though.

We are not certain how much of a political risk premium there is now in gold, but gold seemed to us already set to make new highs before the news about the unrest in Arab countries took center stage (we have frequently remarked on the subdued bullish sentiment after the small correction in January).

One must not forget, when central bankers stubbornly defend ultra-easy monetary policies as Mervyn King and Ben Bernanke both keep doing, then there is little reason not to want to own gold (we will soon have more to say about the recent statements by these two gentlemen – neither of them managed to disappoint our expectations, which are even lower than their interest rates). Also, with the bulk of gold's fundamental price drivers in a bullish configuration, the backdrop remains conducive to higher gold prices regardless of the geopolitical noise (it is to our mind different in the case of crude oil).

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Both gold and silver (solid line) streak higher. Gold's close actually constitutes a breakout, but it is not a decisive breakout yet. As previously noted, gold doesn't do triple tops, so a decisive breakout seems highly likely.

The U.S. Dollar

The dollar rates a mention for its failure to profit from safe haven buying in view of the news from the Arab world. It may be that talk of the allegedly undiminished likelihood of QE3 isn't helping, especially as ECB officials have lately adopted a fairly hawkish tone. Of course, money supply growth in the euro area has in recent months been far lower than money supply growth in the U.S., so there is a good reason for the euro to show some relative strength based on that, but the problem of the unresolved debt crisis remains – which argues strongly against the euro going forward. Be that as it may, the dollar hasn't been going anywhere lately. We would however not be inclined to get too bearish on the U.S. dollar here, in spite of its failure to attract safe haven buying. The recent decline has been grudging, which is often the precursor to a short term trend change.

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The U.S. dollar hasn't been helped by turmoil in the Middle East – which is a bit surprising.

Finally, before it is out of date, we want to point readers to a recent interview by the father of securitization, Lew Ranieri, on the state of the U.S. housing market. He echoes the concerns that Ramsey Su has enunciated in these pages. The U.S. housing market remains quite sick, in spite of the wagon-loads of money Ben Bernanke's Fed has printed. An old adage is confirmed by this fact: the central bank can print money, and/or encourage the commercial banks to increase the credit and money supply, but it has no control over where this money ultimately goes.’

Inflation Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! ‘The Economic Collapse March 2, 2011 Despite what Federal Reserve Chairman Ben Bernanke says, rampant inflation is officially here. The federal government is constantly monkeying with the numbers to keep the “official” rate of inflation below 2 percent, but it is becoming very difficult to deny that the cost of almost everything is really going up these days. The American people are not stupid. They notice the difference when they go to the grocery store or stop at the gas station. The dollar is losing value rapidly now. The price of gold set another new all-time record today and is currently hovering just above $1430 an ounce. The price of West Texas crude has moved above 100 dollars several times recently and the price of Brent crude is currently above 116 dollars. These higher oil prices are really starting to be felt in the United States. The average price for a gallon of gasoline in the United States has now reached $3.38. There are some gas stations in the U.S. where the price of a gallon of gas is already over 4 dollars. But it is not just the American people that are feeling the pain. The global price of food recently hit a new record high and almost every major agricultural commodity has absolutely skyrocketed in price over the past 12 months. Meanwhile, Ben Bernanke just told the Senate Banking Committee that he really isn’t concerned about inflation at all.

When it comes to inflation, the key is not to look at the official U.S. government numbers (they are highly manipulated) or how the U.S. dollar is performing against other major currencies (because they are all being devalued as well). Instead, you can get a truer sense of what is really happening to inflation by looking at what the U.S. dollar is doing against precious metals, commodities and other hard assets.

So are we experiencing rampant inflation right now? Well, just open up your eyes and look at these 5 charts….

1 – The price of oil is racing back up to record levels. The chart below from the Federal Reserve is a couple weeks out of date. As noted above, the current price of West Texas crude is about $100 a barrel….[chart]

2 – The price of a gallon of gasoline in the United States seems destined to hit a brand new all-time record at some point this year. Was it really just a few short years ago when the average price of gas in this country was about a dollar a gallon?…. [chart]

3 – The value of most precious metals is very consistent over time. So when you see precious metals go up dramatically in price, it means that the dollar is being devalued. The price of gold just set another new all-time high and it seems destined to keep going even higher….[chart]

4 – The chart below from the Federal Reserve is a measure of the price of all commodities. These price increases are inevitably going to be passed along to consumers in the United States….[chart]

5 – After a couple of years of stable food price, the price of food is starting to take off yet again….[chart]

In fact, many analysts are warning that we could experience a major food crisis over the next couple of years. The global demand for food continues to grow at a very brisk pace, but all of the crazy weather we have been having around the world has caused some very bad harvests.’

Oil surges after Libya airstrike near oil terminal Reuters | Fresh airstrikes hit Brega, about 1.2 miles from a Libyan oil terminal.

] Fighting near oil ports in Libya fuels market anxiety. Pump prices have reached $3.39 a gallon.

Fed report shows gains in U.S. economy, moderate growth (Washington Post) [ Come on! What do you expect them to say … they lie about everything … and at what cost in insurmountable debt, debt service and defacto bankruptcy of the nation. En route to losing near 8 million jobs, before and during the melt-down, if you recall (I do, and reported here on my site) jersey (that says it all) based adp was pulling job numbers out of their a***s, ‘surprising’ to the upside as now, although I would concede some contract work with money defacto bankrupt america doesn’t have may have provided a lesser number. How can you believe anything they say? Drudgereport: `Announced Job Cuts 'Rose 20% From Year Ago'... more of things to come Idaho county files for bankruptcy...` ] Job market shows progress, as do sectors such as retail and tourism.

Metal News for the Day Grant ‘…With the Fed now buying 70% of Treasury's debt issuance, one has to wonder who will step in to fill the void when the Fed finally does implement their so-called "exit strategy." PIMCO's Bill Gross poses the question plain and simple in his most recent Investment Outlook: Who will buy Treasuries when the Fed doesn’t? Certainly nobody is going to completely fill the massive void in the debt market left by a retreating Fed at the current yields. Yields will have to rise once the Fed's faux demand is gone and yields start to once again accurately reflect risk and that will threaten the recovery. So you see the dilemma. Our own Jonathan Kosares discussed this very topic in the lead article of our December Newsletter. People began to speculate about QE3 shortly after QE2 was announced and such market chatter is ongoing and even intensifying. In a recent Barron's interview, MacroMavens' Stephanie Pomboy says she doesn't believe the recovery is sustainable at all. Her recommendation? Buy Treasuries...clearly she thinks the Fed is going to remain a buyer and can be front-run...oh, and buy gold…’

The TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation (Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The same can be said of wobama et als and his fraudulently failed presidency. Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some might reflexively, defensively allege drugs (prescription or otherwise) or any number of the varied personality disorders so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b* s* (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to even hold the office of president in question. Drudgereport:`UPDATE: Huckabee claims Obama grew up in Kenya...` The Obama Nation, by Jerome Corsi Rezko was corrupt, and supported Obama in many campaigns as well as in Obama buying his home -- and therefore, according to Corsi, Obama is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama. Drudgereport: `WOBAMA 'IMPEACHMENT' WARNING...` `...to announce exploratory committee 'in 10 days'` Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States. Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker, along with the dems. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

Cohen: Time for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject zionism and all that is entailed therein, including an alternate reality that defies credulity, rationality, and facts; such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as when facts are not on their side, such specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international law. At best, no … God did not give them this land … at worst, God took the land back when they with roman muscle crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday will be known as the day we heard from The Receiving End of Charlie Sheen's Scorched Earth Media Tour.

It doesn’t really matter whether we think there is a crisis. What matters is that the Fed doesn’t think its policies are contributing to global instability and continues on its expansionary path. After all, the banks continue to sit on their money and as such, the economy is certainly not in overdrive. With the exception of social instability spreading globally, the Fed may be very much on course:

Bernanke may want a weaker dollar. Unlike his predecessor, Bernanke embraces the U.S. dollar as a monetary policy tool to boost economic growth.
Bernanke wants higher inflation. Having explicitly called for higher inflation since last August, he has since praised the progress the market has made in pricing higher than inflation expectations. The challenge with raising inflation expectations is not only that it may be difficult to lower those expectations later but that it is difficult to control where that inflation appears. Bernanke, in our assessment, needs to get home price to rise and is willing to put up with rising prices in other areas.
We often focus on housing as a reason the Fed wants to boost growth, but we can also focus on WalMart (WMT): in the 13 weeks that ended 1/29/2010, WalMart’s sales declined 1.2%. Keep in mind that unlike government statistics, WalMart’s sales are not inflation adjusted. Also keep in mind that WalMart has been expanding its produce section in recent years; the section very much exposed to food inflation. As a result, on a real basis, sales have had rather substantial declines. Given that WalMart’s sales comprise more than 10% of total U.S. retail sales, we don’t believe there is such a thing as "company specific" problems; WalMart’s problems are those of the U.S. economy.

In contrast, the rest of the world is taking steps to stem inflationary pressures. Russia is the latest country to raise interest rates, following countries ranging from Sweden to Norway, Canada to Australia and Korea to China. In the Eurozone, the pairing down of some emergency facilities (leading to a draining of liquidity; a form of monetary tightening) and recent hawkish talk suggest interest rates may be raised later this year.

This discussion should clarify that it is perfectly possible for the world to be in turmoil without the U.S. dollar being a beneficiary. The focus of this analysis was the perceived status of the U.S. dollar as a safe haven, as well as implications of food inflation; a small, but important sliver affecting the U.S. dollar.’

Locked in standoff, Gaddafi foes debate foreign airstrikes Opposition leaders consider requesting foreign intervention (Washington Post) [ Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times ( Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! )

DÉJÀ VU ALL OVER AGAIN? WHERE’S YOGI WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY:
Chavez: U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan President Hugo Chavez claims U.S. criticism of Libyan leader Moammar Gadhafi has a clear aim: military invasion.

US tightens military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with Muammar Gaddafi’s regime.

Obama Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian crisis to control Africa’s largest oil producer.

Most Americans Strongly Oppose U.S. Military Action in Libya According to Rasmussen, a large majority of Americans agree with the common sense of George Washington. During his farewell address, the first president of the United States said the nation should beware of foreign entanglements. ] Issue takes on increasing urgency amid realization that rebels cannot continue to match the weaponry and firepower of forces loyal to Gaddafi.

The TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation (Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The same can be said of wobama et als and his fraudulently failed presidency. Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some might reflexively, defensively allege drugs (prescription or otherwise) or any number of the varied personality disorders so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b* s* (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to even hold the office of president in question. Drudgereport:`UPDATE: Huckabee claims Obama grew up in Kenya...` The Obama Nation, by Jerome Corsi Rezko was corrupt, and supported Obama in many campaigns as well as in Obama buying his home -- and therefore, according to Corsi, Obama is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama. Drudgereport: `WOBAMA 'IMPEACHMENT' WARNING...` `...to announce exploratory committee 'in 10 days'` Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States. Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker, along with the dems. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

Cohen: Time for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject zionism and all that is entailed therein, including an alternate reality that defies credulity, rationality, and facts; such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as when facts are not on their side, such specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international law. At best, no … God did not give them this land … at worst, God took the land back when they with roman muscle crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday will be known as the day we heard from The Receiving End of Charlie Sheen's Scorched Earth Media Tour.

Bernanke may want a weaker dollar. Unlike his predecessor, Bernanke embraces the U.S. dollar as a monetary policy tool to boost economic growth.
Bernanke wants higher inflation. Having explicitly called for higher inflation since last August, he has since praised the progress the market has made in pricing higher than inflation expectations. The challenge with raising inflation expectations is not only that it may be difficult to lower those expectations later but that it is difficult to control where that inflation appears. Bernanke, in our assessment, needs to get home price to rise and is willing to put up with rising prices in other areas.
We often focus on housing as a reason the Fed wants to boost growth, but we can also focus on WalMart (WMT): in the 13 weeks that ended 1/29/2010, WalMart’s sales declined 1.2%. Keep in mind that unlike government statistics, WalMart’s sales are not inflation adjusted. Also keep in mind that WalMart has been expanding its produce section in recent years; the section very much exposed to food inflation. As a result, on a real basis, sales have had rather substantial declines. Given that WalMart’s sales comprise more than 10% of total U.S. retail sales, we don’t believe there is such a thing as "company specific" problems; WalMart’s problems are those of the U.S. economy.

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] House Republicans ramp up pressure on SEC Chairman Mary Schapiro.

US tightens military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with Muammar Gaddafi’s regime.

Obama Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian crisis to control Africa’s largest oil producer.

[ (2-26-11 et seq.) Let me state for the record here that my computer has been under constant viral, hack attack, paralleling prior such foolish, paranoid actions and let me reiterate: They will be sorry and I won’t forget it! ]

Money Illusion: The Nominal and Real Dow Short ‘An email I received earlier today commented on the difference between nominal and real (inflation-adjusted) charts of market data. The overlay below of the Nominal and Real (inflation-adjusted) Dow illustrates the concept of "money illusion," the tendency of people to think of currency in nominal, rather than real, terms.

Below the two Dow series is the Consumer Price Index (CPI) from 1913 and with estimates for the earlier years. The CPI is the inflation (deflation) multiplier that accounts for the difference between the two views of the Dow.

[Click all to enlarge]
[chart]
One of the most conspicuous differences between the nominal and real series is apparent during secular bear markets, such as the period from the mid-1960s to 1982. In the nominal chart, this period looks like a choppy sideways pattern. But when we adjust for the high inflation of the 1970s and early 1980s, the sideways chop becomes the cascading downward direction of the real value of the market price. The 1982 dollar had shrunk in purchasing power to about 33 cents in comparison to its 1965 counterpart. Inflation had devoured two thirds of its value.

In the chart above, I adjusted the real Dow price to the dollar value of May 1896 to highlight the money illusion over the entire time frame. More commonly, my inflation-adjusted charts are priced at the present value of the currency, as illustrated in the real series below. This has the effect of raising the numbers for the earlier periods to adjust for the effect of the dominant pattern of inflation with brief but vicious periods of deflation, especially in the earlier decades.
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A Crash in Saudi Arabia, Arrogant Eurocrats and a Look at the Markets Part 2 Tenebrarum ‘Saudi Arabia's Stock Market Plunges

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Saudi Arabia's Al-Tadawul All-share Index goes somewhat belatedly into free-fall.

Keep the market closed to 'allow investors to profit from the government's support to guarantee stability in the bourse'? Good luck with that one.

Ireland and the Arrogant Eurocracy

"It's an agreement between the EU and the Republic of Ireland, it's not an agreement between an institution and a particular government," said a Brussels spokesman.

A European diplomat, from a large eurozone country, told The Sunday Telegraph that "the more the Irish make a big deal about renegotiation in public, the more attitudes will harden."

(Our emphasis)

Declan Ganley, the Irish businessman who led the 2008 No vote to the Lisbon Treaty, said Ireland must "have the balls" to threaten debt default and withdrawal from the single currency.

(our emphasis)

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Portugal's 10 year bond yield sits at 7.45%. Greece and Ireland both became EFSF wards when their yields crossed the 7% mark. And yes, this is a bullish (bearish for Portuguese debt) chart.

The Markets

The Stock Market

Kahn notes that the bulk of the DJIA stocks remains in solid uptrends, but of course when the market gets into trouble, the first signs of such are always subtle.

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(Our emphasis)

What else is there to worry about? How about those capitulating bears: "Capitulating Bears Push Short Sales to Lowest in Three Years."

"The biggest Standard & Poor’s 500 Index rally in more than five decades is forcing stock market bears to abandon short sales, cutting them to the lowest level since 2007 last month.

(Our emphasis)

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Apart from that, the fact remains that risk is extremely high. Should the market rebound and streak to new highs for the move, said risk won't diminish, but will become even greater.

Gold and Oil

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The U.S. Dollar

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The U.S. dollar hasn't been helped by turmoil in the Middle East – which is a bit surprising.

Oil surges after Libya airstrike near oil terminal Reuters | Fresh airstrikes hit Brega, about 1.2 miles from a Libyan oil terminal.

Bernanke Cautious on Economic Growth as Oil Prices Rise [ In pervasively corrupt, defacto bankrupt america it’s come to be known all too familiarly as ‘defending the indefensible’. ] New York Times | Fed chief again defended the Fed’s large and unprecedented stimulus program.

Pentagon Tries to Blame Financial Crisis on Foreign Financial Terrorists [ You just can’t believe the magnitude of the b* s* they try to foist off … financial terrorists who are u.s. citizens and are collectively called wall street; oh, right, they fly a big american flag outside the exchange which garners them carte blanche to…rape, pillage, and plunder with impunity … even as the pentagon’s become singularly talented at raping, pillaging, and plundering … the 360 tons of $100 bills gone missing in Iraq is a small example of their talent, and a general previously attested to the reality that on any given day there’s 2-3 billion floatin’ around the pentagon. Pervasively corrupt, defacto bankrupt, war criminal america is pathetic! ] The Pentagon is paying contractors to claim that it was foreign financial terrorists – instead of fraud by American financial executives – which caused the 2008 financial crisis.

Libya’s Bankers Exposed: Goldman, JP Morgan And Citi Ten days ago, when we first looked at the Libyan investment authority (its sovereign wealth fund), we asked “Which US Banks Are Managing Billions For The $32 Billion Libyan Sovereign Wealth Fund?”

BOE’s Mervyn King “Surprised Anger Directed At Bankers Is Not Greater” When a nation’s top central banker says that even he is surprised the middle class is not far angrier at the bankers, you know the lithium consumption is surpassing Surgeon General RDA levels.

Oil could bring US down Ben Bernanke testified before the Senate Banking Committee and warned that a rise in oil prices as a result of the conflicts in the Middle East could threaten US growth and spark dangerous price rises. Author and researcher Adrian Salbuchi says while rising oil prices seem to go against US interests there has been a process of weakening the US because of other rising super powers anyway.

Inflation Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! Despite what Federal Reserve Chairman Ben Bernanke says, rampant inflation is officially here. The federal government is constantly monkeying with the numbers to keep the “official” rate of inflation below 2 percent, but it is becoming very difficult to deny that the cost of almost everything is really going up these days.

National / World

U.S. and Britain Prepare to Impose No-fly Over Libya Kurt Nimmo | The bankers are horrified by Libya’s 2009 decision to implement Islamic banking.

Gaddafi claims: ‘West only wants our oil’ As Libya teeters on the brink of full-scale civil war Colonel Gaddafi today said there was a conspiracy to get of Libyan oil as he again pledged to fight to the last.

Oil surges after Libya airstrike near oil terminal Oil prices jumped to near 2-1/2 year highs on Wednesday after an airstrike near Libya’s oil infrastructure kept the market braced for a prolonged disruption from the OPEC nation and worried unrest might spread to other regional producers.

TSA Criminality Epidemic: “Behavioral Detection” Officer Faces Charges Of Helping Drug Dealers Through Security Yet another TSA officer has been arrested on suspicion of abusing her position and engaging in illegal activity, adding to a long history of cases indicating that TSA workers are prone to criminal behavior.

Barbour: Obama’s policy ‘is to drive up energy prices’ With price of gasoline rising for the eighth consecutive day, Mississippi Gov. Haley Barbour accused the Obama administration of hiking energy costs in an effort to promote alternative fuels.

Russian Military Claims Libya Air Strikes Did Not Happen The Russian military claims that the supposed air strikes launched by Libyan leader Muammar Gaddafi against protesters last week did not happen, suggesting that the key event seized upon by the global media as a justification for a “humanitarian” military intervention was a contrived hoax.

Rolling Stone On Alex Jones: “Most Paranoid Man In America” Paul Joseph Watson | Profile is a generally good insight into Alex’s personal character and how he sees his own role in standing up against tyranny.

Docs Reveal TSA Plan To Body-Scan Pedestrians, Train Passengers Newly uncovered documents show that as early as 2006, the Department of Homeland Security has been planning pilot programs to deploy mobile scanning units that can be set up at public events and in train stations, along with mobile x-ray vans capable of scanning pedestrians on city streets.

Oil surges after Libya airstrike near oil terminal Oil prices jumped to near 2-1/2 year highs on Wednesday after an airstrike near Libya’s oil infrastructure kept the market braced for a prolonged disruption from the OPEC nation and worried unrest might spread to other regional producers.

TSA Criminality Epidemic: “Behavioral Detection” Officer Faces Charges Of Helping Drug Dealers Through Security Yet another TSA officer has been arrested on suspicion of abusing her position and engaging in illegal activity, adding to a long history of cases indicating that TSA workers are prone to criminal behavior.

The Perfidy of Government: Evidence v. Denial Paul Craig Roberts | America is dissolving.

New Hampshire Moves to Criminalize TSA Grope-down Procedures Kurt Nimmo | Lawmakers argue TSA goons should be placed on sex offender registry.

World cheers as the CIA plunges Libya into chaos David Rothscum | Gaddafi is the main threat to US hegemony in Africa.

Blair cronies supported Gaddafi for his millions Mail Online | ‘Useful idiots’ was how mass murderer Stalin dubbed left-wing academics who enthusiastically endorsed Communism.

Russia Warns on Libyan Intervention Mail Online | Russia’s top diplomat has today dismissed plans to create a no-fly zone over Libya.

Farrakhan: Jews Are Pushing the US Into War Nation of Islam leader Louis Farrakhan said Jews and Zionists are “trying to push the US into war” and are a cover for Satan, at the group’s annual meeting near Chicago on Tuesday.

More Than 140,000 People Flee Libya The United Nations refugee agency says over the past 10 days, more than 140,000 people have fled to Egypt and Tunisia from Libya. The UNHCR says tens of thousands of people are stuck at the borders and in urgent need of help.

March 2011 Economic Forecast: GDP Is Disconnected From the Real Economy - Hansen ‘Last week, the second estimate of 4Q2010 Gross Domestic Product (GDP) was issued. It showed a rather paltry 2.8% economic growth.

The way GDP is designed – it is not a true measure of an advanced economy. It is designed to measure economic growth of an emerging economy. An advanced economy’s growth cannot be measured necessarily by measurements of brick and mortar or investment.

This kind of approach also leaves open too many questions relative to population growth and methodology in determining change in dollar value (analysis here).

The question really is a definition of an economy. My colleague Derryl put it succinctly in "Profits for a Few Can Not Replace Real Jobs:"

"The people" need to work to earn a living. That’s called "having an economy."

An economy is the sum of trading work and goods between all the people. Modern economies use money for this trade. GDP measures the "productive" use of money. GDP measures less than half of all money flows. Econintersect believes GDP does not properly measure "productive" use of money.

Economists are saying the economy has fully recovered from the Great Recession – yet Main Street remains in a depression. The reason comes from GDP itself. Simply isolating the goods and services Joe Sixpack from GDP, the economy is no where near recovered.

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You see, GDP takes credit for exports and debits imports. Yet Joe Sixpack is trading what he earns for products and services. To see the economy of Joe Sixpack, you have to look at the sum of what he is trading.

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Go back and review the economic forecasts Econintersect made for October, November and December. We predicted the real economy – the economy of Joe Sixpack was stalling.

Econintersect uses a forward looking economic indicator which uses non-monetary pulse points that have a general – not specific correlation with Gross Domestic Product. These pulse points are geared to anticipate consumer and industrial income / spending for 30 to 60 days after the indicator is issued.

Econintersect counts units of things other then money – and is specifically designed to measure Main Street and Joe Sixpack’s world.

March 2011 Economic Forecast

The "real" economy – the economy of Joe Sixpack continues to expand. The strength of this growth is considered moderate with positive underlying trend lines. Putting this into perspective – the economy is likely improving on a per capita basis.

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There are "buts" to this forecast.

In last month’s forecast, we warned of a black swan possibility of an economic reversal due to the start of unrest in oil producing countries. This is no longer a black swan – but a known event underway – and seemingly now priced in to the economy.
Econintersect is unable to forecast employment levels using this methodology. There is little correlation between the Econintersect Economic Index (EEI) and employment since the beginning of the Great Recession.

The EEI has improved from +0.25 to +0.55.

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One major component of the EEI is transport related. Econintersect considers transport (truck, rail and sea container) counts a primary economic pulse point – and its trend represents underlying economic pressure.

This month, the transport portion of the EEI index continued its upward trend. This portion of the index is quite noisy as it quantifies the month-over-month (MoM) change (positive numbers indicate seasonally adjusted MoM growth, negative numbers represent seasonally adjusted MoM contraction).

[chart]

To Econintersect, transports represent the pulse of the real economy – the economy of Joe Sixpack. All of our man made surroundings, the clothes we wear and the food we eat are moved several times by transport during their processing/delivery cycles. A growing economy consumes more (and therefore transports more), a contracting economy consumes less.

Last month, we mentioned in passing – that there was anecdotal evidence that the transport sector of the index was weakening. Hard data over the last 30 days has been entirely contradictory to this.

For a complete explanation of the EEI, please see the October 2010 forecast.

Disasters Rocking the U.S. Dollar? Merk ‘From earthquakes in New Zealand to revolutions in the Middle East, natural and man-made disasters are rocking the world. We are all too often made to believe that in times of crisis there’s a flight to the U.S. dollar. However, the U.S. dollar has instead had a rocky ride of its own thus allowing the crisis-ridden Eurozone to shine. What’s going on? Is there no crisis, or has the U.S. dollar lost its appeal as a safe haven?

Over longer periods there is little correlation between the U.S. dollar and other assets. In the past two years, however, a mentality has arisen that whenever there is a crisis the U.S. dollar benefits; as the crisis abates money flows out of the U.S. dollar and once again into currencies and markets overseas that may be deemed riskier. That may well be a skewed pendulum, however, as the U.S. dollar may have a more difficult time attracting money at each subsequent crisis. Firstly, the U.S. is simply better at spending and printing money than the rest of the world; causing the balance sheet of the U.S. to deteriorate at a faster pace than that of the rest of the world. And secondly, policy makers around the world are addressing whatever the cause of the crisis may have been i.e., the "trillion-dollar" backstop provided in the Eurozone to support weaker countries. One can argue how effective such measures are, but generally speaking, the region may be safer than before measures were taken; not safe, but "safer," meaning less money may flee back to the U.S. dollar the next time a crisis flares up.

But maybe there is no crisis? Saudi Arabia may make up for any shortfall of lost Libyan oil production and Egypt and Tunisia don’t affect U.S. markets anyway. The argument we heard in early phases of the sub-prime crisis was "it’s all contained". Intelligent people in both Libya and abroad did not think the Egyptian turmoil would swamp over to Libya. After all, the standard of living – and with it, presumably social stability - in Libya is higher due to wealth created by oil. For now, the extreme volatility in the oil markets suggests that market participants beg to differ as to how all of this unfolds. If anything, that is a healthy process; it’s when everyone agrees that bubbles are created.[picture]

To understand the dynamics unfolding we have to dig a little deeper into the "it’s all contained" argument. People don’t like autocratic rule but we have argued that people may put up with oppression as long as they can feed themselves. Escalating food prices may be a key reason revolts and revolutions are happening now. (See also our analysis of Politics of Inflation.) However, U.S. policy makers generally disregard food inflation for a couple of reasons:

The U.S. economy is not very dependent on food. Yes, people need to eat but only a small portion of disposable income is spent on food in the U.S.
Food inflation in the rest of the world is really the problem of the rest of the world. Federal Reserve (Fed) Chairman Bernanke, when pressured on whether U.S. monetary policy exports inflation to the rest of the world, has argued that other countries have plenty of tools at their disposal to address inflationary pressures there. That is correct but in the absence of foreign policy makers heeding Bernanke’s advice, the world is less stable; $100 oil is a reminder that global instability does come home to roost.
Food inflation is temporary. There is a widely held belief that food inflation is due to special factors such as a plethora of bad crops throughout the world. However, the Financial Times writes: "The World faces a protracted bout of extremely high food prices, the US government has warned, overwhelming farmers’ ability to cool commodity markets by planting millions of additional hectares with crops."
Not only can farmers plant more, they can also farm more efficiently. Developing countries, over time, may greatly enhance the productivity of their farmland. That is correct, but let’s not forget that as the standard of living is rising in the developing world, there’s a shift towards a more protein based diet. A lot of corn will be needed to feed the cattle to produce the meat to satisfy demand.
Acknowledging these drivers, it’s still a question of whether we are merely seeing a bout of inflation, i.e. a reset of the price level or an era of continuously rising food prices. Even with little agreement on where we are headed in the medium term, most would agree that there is no such thing as continuity in agricultural commodity prices. As an example, Bloomberg reports that wheat prices fell 8.6% from February 18 until February 25.

While we believe food inflation will be with us for quite some time and may contribute to an unstable world possibly for years to come, the Federal Reserve appears to be firmly in the camp of heavily discounting food inflation. The European Central Bank (ECB), in contrast, has historically taken commodity inflation more seriously than the Fed – ECB President Trichet talks about his concern over "second round effects," i.e., commodity inflation stirring inflation throughout the value chain.

Bernanke may want a weaker dollar. Unlike his predecessor, Bernanke embraces the U.S. dollar as a monetary policy tool to boost economic growth.
Bernanke wants higher inflation. Having explicitly called for higher inflation since last August, he has since praised the progress the market has made in pricing higher than inflation expectations. The challenge with raising inflation expectations is not only that it may be difficult to lower those expectations later but that it is difficult to control where that inflation appears. Bernanke, in our assessment, needs to get home price to rise and is willing to put up with rising prices in other areas.
We often focus on housing as a reason the Fed wants to boost growth, but we can also focus on WalMart (WMT): in the 13 weeks that ended 1/29/2010, WalMart’s sales declined 1.2%. Keep in mind that unlike government statistics, WalMart’s sales are not inflation adjusted. Also keep in mind that WalMart has been expanding its produce section in recent years; the section very much exposed to food inflation. As a result, on a real basis, sales have had rather substantial declines. Given that WalMart’s sales comprise more than 10% of total U.S. retail sales, we don’t believe there is such a thing as "company specific" problems; WalMart’s problems are those of the U.S. economy.

Post Meltdown Economy Looks More Like a Pre Meltdown Economy Maierhofer ‘Based purely on the stock market, the economy should be rockin' and rollin' but while the market's performance has been stellar, the economy is flat.

Will stocks catch up with the economy or the economy with stocks?

Just how strong is the market? The SPDR S&P MidCap 400 ETF (NYSEArca: MDY - News) is trading at an all-time high, the Nasdaq-100 (Nasdaq: QQQQ - News) has surpassed its 2007 watermark, the Russell 2000 (NYSEArca: IWM - News) is closing in on its all-time high, the S&P 500 (SNP: ^GSPC) has doubled since March 2009, and the Dow (DJI: ^DJI) is viewed as the ultra safe haven in a world of turmoil.

How strong is the economy? Real estate (NYSEArca: IYR - News), the biggest wealth builder/destroyer in the country is still weak. The Standard & Poor's Case-Shiller Home Price Index has dropped to the lowest level in nearly a decade. As the Home Price Index has fallen below March 2009 levels, residential REIT stocks (NYSEArca: REZ - News) have nearly tripled since then.

Another huge contributor to a healthy economy - unemployment - shows signs of improvements at a peripheral glance but continues to lag significantly if examined beyond the rosy headline numbers. To wit, if it wasn't for the labor force sliding to a near 30-year low, the headline unemployment number would be around 12% while the real unemployment would be around 20%.

Based on a 11-line surface analysis, stocks and the economy are out of sync. To see whether stocks will catch up with the economy or vice versa, we'll need to slice beneath the service and examine the very foundation of our economy.

Multi-decade Economic Trend

Unnoticed by Wall Street, the economy has been shifting gears, and has gone from acceleration mode to coasting mode. How so?

A few decades ago, sweat-trenched U.S. manufacturing facilities were the most fertile, growth-producing environment on the planet. This growth was fueled by 'Made in America' products. The growth was organic and it was real.

When taking a closer look at the economy over the past 70 years, we see two distinct growth periods. Phase 1 lasted from 1947 - 1966 and phase 2 stretched from 1975 - 2000.

Throughout phase 1, GDP averaged 4.18% while unemployment was low. GDP during phase 2 averaged 3.40% with unemployment inching up. [chart]

GE, a company that endured though both phases, provides important clues about the difference between both phases. Up until the end of phase 1, GE was known for manufacturing quality products like light bulbs, refrigerators, jet engines, and aircraft super chargers. GE's slogan was 'We bring good things to life.'

In the second phase, GE ventured into television and high finance. GE Capital, GE Commercial Finance, GE Money, GE Consumer Finance and NBC Universal contributed an ever-growing slice of GE's profit pie.

GE's focus shifted from manufacturing to financial engineering. If GE didn't build a product it would finance the consumer's purchase of a competitor's product. It was just appropriate that GE's slogan was changed to 'Imagination at work.'

The 'New Normal' - New but not Normal

The concept of making money by using money, encouraged by the Fed's interest rate policy, lacked substance and sustainability. The 2000 tech (NYSEArca: XLK - News) crash was more pronounced than what we've seen from the decades before. The real estate boom was as gigantic as its subsequent bust.

The post-2007 financial crisis further highlighted the dangers of an economy low on manufacturing but rich on leverage, accounting tricks, and financial engineering. No wonder the average GDP for the 2001 - 2010 period - dubbed the lost decade - dropped to 1.71%.

But amnesia or selective memory loss, usually triggered by rising prices, is not new to investors. The more stocks rally, the more excited investors become, the more dangerous the stock market gets.

Building an Air Castle?

The post meltdown economy has become a launching pad for the new economy and new key players. Facebook and Twitter are Wall Street's new darlings. Investors can't wait to get their hands on the upcoming IPOs.

According to Wall Street valuations, Facebook is worth as much as Home Depot or Boeing. Home Depot employs 306,000 workers, Boeing 154,000. Facebook sends paychecks to about 1,000 lucky individuals.

A happy go lucky investor looks at the new economy and says 'Wow, that's just marvelous.' A skeptical mind looks at it and wonders 'How long before that blows up in my face?'

Simple Math

As the economy is weakening, the Fed's role in providing sufficient liquidity to keep a faux system running is ever increasing. Stock market tops and bottoms have become more extreme, and the boom-bust cycle is shorter than ever before.

An 80-year trend line that has contained the Dow Jones for much of the 20th century provides an interesting technical reference to this discussion. On February 18, the ETF Profit Strategy Newsletter highlighted this trend line, which runs through Dow 12,400.

Interestingly that very day, the Dow rallied to 12,391 before reversing 300 points lower. Perhaps the tug of war between the economy and stock market has entered a pivotal juncture.

Bullish investors will quote the third presidential election year, a willing Federal Reserve, positive momentum, and cash on the sidelines as reasons for higher stock prices.

Bearish investors can point to extreme sentiment readings, bearish divergences, valuations, and bad fundamentals as culprits for lower prices ahead.

Slice & Dice but Watch your Finger

However you slice and dice it, the market is treacherous and can make you rich or strip you of your wealth faster than at any other time in history.

One way to limit risk and maximize opportunity is to pay attention to trend lines such as the one mentioned above. The market draws trend lines and creates important support and resistance levels. If the market speaks, it behooves us to listen.

A break below support is as bearish as a thrust above resistance is bullish. Being unaware of crucial support/resistance level is like driving down a busy road without paying attention to red or green traffic lights.’

Stocks Close at Day's Lows - Midnight Trader ‘4:36 PM, Mar 1, 2011 --

NYSE down 122.70 (-1.5%) to 8,315.85
DJIA down 168.40 (-1.4%) to 12,058
S&P 500 down 20.9 (-1.6%) to 1,306
Nasdaq down 44.86 (-1.6%) to 2,737

Bernanke Cautious on Economic Growth as Oil Prices Rise New York Times | Fed chief again defended the Fed’s large and unprecedented stimulus program.

Gerald Celente: “There is no recovery — it’s a coverup!” Sic Semper Tyrannis | Celente argues the oil prices have been going up before the recent chaos in the Middle East. ‘…One other point brought out by Gerald Celente is the fact that the current puppet regime in the White House is “cooking the books” on the unemployment numbers and current inflation rates. They are making their own rules on how to determine inflation rates by leaving out essential information such as food and fuel prices. The same is being done with White House unemployment numbers by simply leaving out those who have given up looking for jobs, as well as other deceptive “carnie” tricks (in reference to White House spokesperson Carnie) in which he compares the administration to a traveling carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by these low interest rates, which again, when inflation skyrockets- they’re gonna have to raise them …‘

Prepare for an Economic Meltdown Matt Towery | For a truly troublesome economic cocktail, throw in the instability in the Arab world.

Bernanke warns on oil price ‘threat’ Federal Reserve chairman Ben Bernanke on Tuesday warned a “sustained” rise in oil prices could threaten US growth and spark dangerous price rises, as he eyed turmoil in Libya.

CNBC On The Case For $130 Silver Nothing new for regulars here. Yet the fact that CNBC, following Cramer’s endorsement of gold, is now apparently pushing silver on retail is very troubling.

Jim Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production” Jim Rogers joins Zero Hedge in being highly skeptical about just how credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi Arabia has been lying about the reserves for decades. Saudi Arabia the last two times said they are going to increase production and they couldn’t increase production. Don’t fall for that.

China’s holdings of US debt larger than reported China’s holdings of US bonds reached $1.16 trillion at the end of December, almost $270 billion more than previously estimated, new data showed Monday.

Greenback Armageddon Ahead? Why the dollar is about to crash, with Damon Vickers, Nine Points Capital Management founder, and “The Day After Dollar Crash” author.

Government Promises to Cut Social Security It’s official, national austerity measures are here.

Politicians Slash Budget of Watchdog Agencies … Guaranteeing that Financial Fraud Won’t Be Investigated or Prosecuted As I noted last year, you can tell how interested Congress and the White House are in uncovering the truth by looking at how much money is actually budgeted for investigation.

Will banksters get away with it? Aljazeera | Why have the unions and leftist groups been mostly silent on these issues?

The REAL Unemployment Rate Is 22% The Daily Bail | It remains above 22% with the February update.

ECONOMIC CRISIS ARCHIVE

National / World

Gold Hits New High as Tension Mounts in Middle East Kurt Nimmo | Once again, gold serves as a solid refuge for jittery investors.

Aussies Ready to Roll Out Deep Penetrating Radiation Scanners at Airports Steve Watson | Trials begin for devices that can scan your insides, deep penetrating radiation scans cause 15,000 deaths per year.

Documentary exposes fluoride truth: Industrial waste passed off as medicine Mike Adams | Water fluoridation around the world is achieved through the purchase of chemically contaminated toxic waste chemicals from China.

TSA Lies To Justify Illegal Train Station Grope-Down Paul Joseph Watson | Passengers were forced to enter train station by TSA goons who swarmed them on platform.

Will ‘Chindia’ Rule the World in 2050, or America After All? [ I include this only because it’s by Evans-Pritchard in light of his prior forthrightness in reporting what he saw (clinton years, financial crisis pre-blowout, etc.). But Citigroup and HSBC? Hardly the pictures of Nostradamus gone corporate given their track records. Evan Evans-Pritchard is out of his league here since 2050 is so optimistically close to the end (remember, decades at best), that such really matters very little. Diisclosure: I haven’t and don’t need to read the article. ] Ambrose Evans-Pritchard | Citigroup and HSBC have come up with radically different pictures of what the world will look like in 2050.

US tightens military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with Muammar Gaddafi’s regime.

Obama Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian crisis to control Africa’s largest oil producer.

Most Americans Strongly Oppose U.S. Military Action in Libya According to Rasmussen, a large majority of Americans agree with the common sense of George Washington. During his farewell address, the first president of the United States said the nation should beware of foreign entanglements.

Gaddafi loyalists fail to retake territory in six-hour battle with rebels Libyan soldiers and paramilitaries loyal to Moammar Gaddafi attempted Tuesday to retake territory that has been seized by rebels, but neither side appeared to gain ground, according to accounts of the fighting from residents and officials with the opposition movement.

Report: US Special Forces Arrive In Libya US Special Forces have reportedly landed in Libya to train anti-Gaddafi rebels as a western-backed coup d’état in the oil-rich nation nears, with British and French “defense advisors” also arriving to set up training bases in the rebel-controlled eastern region of the country.

“The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’

‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

Wobama says daffy gaddafi’s time is up, got to go. The same can be said of wobama et als and his fraudulently failed presidency. Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some might reflexively, defensively allege drugs (prescription or otherwise) or any number of the varied personality disorders so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b* s* (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to even hold the office of president in question. Drudgereport:`UPDATE: Huckabee claims Obama grew up in Kenya...` The Obama Nation, by Jerome Corsi Rezko was corrupt, and supported Obama in many campaigns as well as in Obama buying his home -- and therefore, according to Corsi, Obama is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama. Drudgereport: `WOBAMA 'IMPEACHMENT' WARNING...` `...to announce exploratory committee 'in 10 days'` Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States.

Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

Drudgereport:OIL SHOCK AS MIDEAST SPIRALSMore Than 140,000 People Flee Libya...
Gadhafi forces retake towns near capital...
Cameron backtracks on no-fly zone plan... Astonishing wealth of Gaddafi and his family revealed... WIKILEAKS' ASSANGE CITED JEWISH CONSPIRACY... YEMEN RAGES...
President says US, Israel behind unrest... Fashion Week Führer: DIOR Fires Galliano After Racism Complaints... 'I love Hitler'...
'Your parents should have been gassed'...FADE: OSCAR RATINGS DOWN 10% ...
Injury Added to Insult... [ In terms of production value (rich in content in every way), I believe this to be as good and in my view better than ever as award ceremonies can be without the inimitable Bob Hope. I believe any falloff can be directly attributable to last year the academy’s egregious misstep in over-looking ‘Avatar’ / Cameron presaging a similar fate concerning my clear choice of ‘Inception’ / Nolan ( Truth be told, I’ve yet to see ‘The King’s Speech’ failing to muster any enthusiasm for seeing a film centered around a ‘so-called royal’ trying to over-come a speech impediment, albeit a minor one, regardless of circumstances; viz., stuttering, though I would concede that it was probably well done. We all know of the problems attendant to english royal inbreeding…ho hum… I did find ‘The Black Swan’ superb but attribute same to my own bias and fascination with viewing female ballet dancing). Bob Hope: Academy Awards, ‘passover’ … very funny! ]CIVIL WAR WEEKEND

Armed pro-Gaddafi gangs roll in Tripoli...
...Shooting from ambulances...
GRAFFITI AND BARRICADES...
Gaddafi vows to crush protesters...
Egypt protesters dispersed by force...
Al Qaeda calls for revolt against Arab rulers...
Obama to Gaddafi: Leave now...
UN Security Council passes votes to sanction...

Gas prices surge 17 cents in a week...
Motorist Calls Police Over Rising Prices...
OBAMA: CAN WE DRILL NOW?
LONDON DRIVERS PAYING $9 A GALLON...
Spain reduces motorway speed limit to save oil...

WOBAMA 'IMPEACHMENT' WARNING... ...to announce exploratory committee 'in 10 days'WEST MOVES MILITARY ASSETS AROUND LIBYACharlieSheen Publicist Runs For Hills...
Actor set to sue CBS for $320M, 'mental anguish'...
The Legal Letter...
THE 'TODAY' INTERVIEW... NY MAG: Madoff on Madoff: The Jailhouse Tapes...
Government a Ponzi scheme...

CIVIL WAR WEEKEND...
Anti-Gaddafi forces widen control...
Take town 30 miles from Tripoli...
Security forces defect...
Armed pro-gangs roll in capital...
...shooting from ambulances
ISRAELI'S YOUTUBE SPOOF OF GADHAFI CATCHES ON IN ARAB WORLD...
Police station, state office burning in Oman town...
Tunisia prime minister resigns... Gingrich to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I mean, come on … are memories so short they don’t recall him being a total hypocrite, zionist shill, and part of the problem though to his credit, he’s not a mobster and complete joke as is trump! ]

CHICAGOLAND: Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty Politics... [ The contract’s with money the nation doen’t really have anyway; and, the value of the money paid will be worth substantially less by completion; and, no surprise … Chicago hasn’t changed much from the days of capone and is rivaled in terms of corruption by such states as jersey, new york, etc.. ] ‘…“I’m disappointed but not surprised,” Republican Sen. Richard Shelby said. “Only Chicago politics could tip the scales in favor of Boeing’s inferior plane. EADS clearly offers the more capable aircraft.”…’

Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ]

Ohio, Wisconsin shine spotlight on new union battle (Washington Post) [ The importance of this article cannot be over-stated in at least its an attempt to highlight, if not distinguish between the roles of unions in the private sector versus the public sector, namely government. While in law school evenings, and working at a law firm during the day, I invariably taught one or two courses per semester (spring, fall, summer) at a local college in predominantly finance, management, insurance, and real estate. I used the Drucker text, case book, materials for management which enabled me to pay close attention to his quite brilliant thoughts, positions as they continued to evolve (as an undergrad we used Drucker, who also was consultant to many major corporations). He was a defender of unions in the private sector, if only to provide an all encompassing, cohesive, unified group with which management could deal. He also talked about the need to apply management principles to and manage non-profit organizations, institutions as, ie., hospitals, schools, etc., and hence by inference, though he didn’t seem to get to it, governments. They specifically needed to be managed for performance, which of course, in his approach required substantial thought in defining mission, goals, objectives, steps in achieving objectives, and measuring achievement or not of objectives, etc.. Moreover, raises, compensation, benefits, pensions were never to be automatic, but rather based upon clearly defined performance, merit, as can be measured. The problem in pervasively corrupt, defacto bankrupt america particulary is that more, regardless of performance had, has become an oftimes integrally political thing determinant of election results. Congress (as well as judiciary, executive branch-excepting law enforcement) has been among the worst offenders from not only the perspective of their own ever increasing pay / benefit / compensation packages despite the nation’s sinking sensation, but as well, their role in keeping in check the abuses, frauds, crimes in the private sector (ie., wall street, ceo excessive comp., etc.) which duty they have egregiously shirked. The bottomline is exactly that; viz., the bottomline. The money’s not there. The nation, state, local governments in america have not been managed for performance and are defacto bankrupt in general therefore. States can’t pay what they don’t have, but there are a lot of those, ie., frauds on wall street, etc., who should be paying first, whatever it takes! ] The divide between government worker unions and their opponents highlights a critical aspect of the evolving labor movement.

Cohen: Time for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject zionism and all that is entailed therein, including an alternate reality that defies credulity, rationality, and facts; such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as when facts are not on their side, such specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international law. At best, no … God did not give them this land … at worst, God took the land back when they with roman muscle crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ]

U.S. freezes $30 billion in Libya government assets (Washington Post) [ The lesson for the Libyan people based upon pervasively corrupt, defacto bankrupt war crimes nation america’s desperation is … you better watch that Libyan money closely; after all, look what’s happened to american money in american hands … totally plundered by the opportunist few! ] Action taken by executive order is largest blocking under any U.S. sanctions program ever; Clinton announces efforts to stem humanitarian crisis.

[ (2-26-11) Let me state for the record here that my computer has been under constant viral, hack attack, paralleling prior such foolish, paranoid actions and let me reiterate: They will be sorry and I won’t forget it! ]

Report: GOP spending plan would cost 700,000 jobs (Washington Post) [ If everyone was so concerned with the reality that pervasively corrupt america is defacto bankrupt, they could could begin with disgorgement of the hundreds of billions in fraudulent gains gotten in their massive fraud by the frauds on wall street by prosecuting same as falsely promised by ‘wobama the b’ (for b* s*) and holder as set forth in Oscar Winner Ferguson’s Documentary, ‘INSIDE JOB’, see immediately hereafter. After all, the nation is bankrupt! Don't cut here (Washington Post) [ If not there … then where? I think people are totally out-of-touch with the reality of america’s dire circumstances and impending collapse on as many levels as a nation could face disaster. Denial? If it were only that simple … Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR ( The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which not only do I believe to be correct, but are supported by the unequivocal documented facts. This is a must-view, must-see that I strongly recommend! The complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ) ] Topic A: Advocates make the case for funding their favorite federal programs. [ With what? The nation’s bankrupt: Senate Democrats draft cuts in domestic agency budgets (Washington Post) [ Do these ‘too little, too late’ so-called cuts purport to make the nation ‘less bankrupt’? There’s no such thing … absolutely preposterous! And, Kotlikoff thinks so as well, see immediately hereafter… ] The plan will involve accelerating some of the $33 billion in program terminations and reductions included in Obama's proposed budget for next year. When Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff ( Today in the WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011 Feb. 23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today…’ ] The report offers fresh ammunition to Democrats seeking block the plan, which would slash federal appropriations by $61 billion.

‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

Wobama says daffy gaddafi’s time is up, got to go. The same can be said of wobama et als and his fraudulently failed presidency. Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some might reflexively, defensively allege drugs (prescription or otherwise) or any number of the varied personality disorders so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to even hold the office of president in question. ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama. Drudgereport: WOBAMA 'IMPEACHMENT' WARNING... ...to announce exploratory committee 'in 10 days' Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States.

‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

‘The Chicago PMI for February climbed to a 20-year high of 71.2. It had only ben expected to come in at 67.5 after a 68.8 reading in January’. [ Come on! Does anyone take anything coming out chicago capone-land seriously…maybe is the answer if you’re a fool. ]

Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich.

We want to believe they’re telling us the truth. Silly, huh? Both trapped in this eternal “dance of death” controlled by programs hidden deep in our brains, telling us what to do, telling us to ignore facts to the contrary — till it’s too late, till a new crisis crushes all of us.

Dow ends at 2 1/2-year high

Joe Bel Bruno explains why stocks climbed to 21/2-year highs and extended their winning streak to a third consecutive week.

Psychology offers us a powerful lesson: Our collective brain is destined to trigger a crash before Christmas 2011. Why? We’re gullible, keep searching for a truth-teller in a world of liars. And they’re so clever, we let them manipulate us into acting against our best interests.

In fact, behavioral science tells us that bankers and politicians are lying to us 93% of the time. It’s 13 times more likely Wall Street is telling you a lie than the truth. That’s why they win. Why we lose. Because our brains are preprogrammed to cooperate in their con game. Yes, we believe most of their lies.

One of America’s leading behavioral finance gurus, University of Chicago Prof. Richard Thaler, explains: “Think of the human brain as a personal computer with a very slow processor and a memory system that is small and unreliable.” Thaler even admits: “The PC I carry between my ears has more disk failures than I care to think about.” Easy to manipulate.

Eternal love story: Your brain’s in love with Wall Street’s brain

Thaler’s a quant, speaks mostly in cryptic algorithmics. So if you really want to know how Wall Street’s con game works on you, Barry Ritholtz, the financial genius behind “Bailout Nation,” recently summarized it in the Washington Post: “Humans make all the same mistakes, over and over again. It’s how we are wired, the net result of evolution. That flight-or-fight response might have helped your ancestors deal with hungry saber-toothed tigers and territorial Cro Magnons, but it drives investors to make costly emotional decisions.”

Humans have something “akin to brain damage,” says Ritholtz. “To neurophysiologists, who research cognitive functions, the emotionally driven appear to suffer from cognitive deficits that mimic certain types of brain injuries. … Anyone with an intense emotional interest in a subject loses the ability to observe it objectively: You selectively perceive events. You ignore data and facts that disagree with your main philosophy. Even your memory works to fool you, as you selectively retain what you believe in, and subtly mask any memories that might conflict.”

Worse, there’s no cure.

Your brain needs to believe lies; Wall Street loves telling lies

Examples: USA Today headline: “Average Bull is 3.8 years: We’re not at 2 yet.” More upside. Wall Street loves it. The Wall Street Journal: “Stock recovery in high gear … S&P500 now speeding toward its next landmark,” double its March 2009 bottom.

Other lies: Inflation and rate rises won’t push China and America over the edge into a new bear recession. That one’s real popular in Wall Street’s echo chamber. Wall Street also cheers every time cable pundits and journalists repeat their favorite statistic: That stocks rally in the third year of a presidency, often more than 20%. Yes, Wall Street loves those 93% lies.

Biggest lie? Wharton’s perennial bull, Jeremy Siegel, of “Stocks for the Long Run” fame, recently told a TD Ameritrade Institutional Conference, “There’s nothing but upside to come …the next several years are going to be good for stocks.”

Yes, one of Wall Street’s favorite co-conspirators is hypnotizing thousands of our best money managers and advisers into believing the lie that this bull market will roar indefinitely. Worse, they’ll use that message to sell naive investors on buying whatever junk Wall Street is selling.

Get the picture? A little conspiracy begins in your head, a conspiracy between your gullible brain and Wall Street’s con men selling hype, hoopla and happy-talk. Listen and you’ll lose. Warning: This little conspiracy is a retirement killer. Remember: It’s odds-on you’re being lied to. So for a few moments, listen to some highly respected contrarians. They’re short-selling this conspiracy, betting that 2011 will hit headwinds before Christmas, turn a cyclical bull rally into a cyclical bear market.

Our brains never learned 2008’s lessons, will fail again in 2011

Remember, we can’t help it. Our brains are defective, biased, manipulated by unseen forces 93% of the time. So blame all the lies, lying and liars on our brain wiring. A perfect excuse. Sure, political dogma and insatiable greed factor into our bizarre mental equations. But your brain is as susceptible to the “great con” as Ben Bernanke, Henry Paulson, Bernie Madoff.

Go back a few years: The subprime credit meltdown was widely predicted years in advance. For example, back in 2007, the IMF’s Chief Economist, Raghuram Rajan, “delivered a stark warning to the world’s top bankers: Financial markets were headed for doom. They laughed it off,” said the Toronto Star. Both Alan Greenspan and Larry Summers were there.

In April 2007, Jeremy Grantham, whose firm manages $107 billion, also warned investors: “The First Truly Global Bubble: From Indian antiquities to modern Chinese art; from land in Panama to Mayfair; from forestry, infrastructure, and the junkiest bonds to mundane blue chips; it’s bubble time. … Everyone, everywhere is reinforcing one another. … Bursting of the bubble will be across all countries and all assets … no similar global event has occurred before.”

We knew a crash was coming, Wall Street laughed.

Call it denial, or lying, or just a brain defect, late that summer as the meltdown spread like wildfire, shutting down the economy, our manipulative Treasury Secretary Hank Paulson, a former Goldman Sachs CEO, told Fortune “this is far and away the strongest global economy I’ve seen in my business lifetime.” And Fed boss Bernanke was telling us the subprime crisis was “contained.” Alan Greenspan agreed. He was on tour, making millions hustling his new book of excuses, delusions and lies, “The Age of Turbulence.”

Today, just three years later, the market’s just a shade above its 2000 peak. Adjusted for inflation, Wall Street stocks have lost roughly 20% of your retirement money the past decade. Get it? Wall Street’s a big loser the past decade. And they’ll lose another 20% by 2020. Why? Because 93% of what comes from Wall Street is suspect, can’t be trusted.

Warning: Cyclical bull ends in 2011, new cyclical bear roars back

At the beginning of 2011 USA Today reported a contrarian forecast. Ned Davis Research says the S&P 500 will make a run at the 2007 high of 1,565, but hit a “midyear peak.” Then it will crash as interest rates rise. Davis concludes: “The midyear peak could mark the end of the cyclical bull market that began in March 2009 and the start of a new cyclical bear market.”

Warning, even though your brain doesn’t want to hear it, there is a high probability a new cyclical bear market will begin this summer … and overshadow the 2012 elections.

The Journal’s also warning: “Inflation jitters spread through emerging markets, prompting China’s central bank to raise interest rate for the third time in four months amid worries that a drought threatening the country’s wheat crop will put further pressure on global food prices.”

Wake up America: With commodity prices rising rapidly, all the bizarre rationalizations Wall Street uses to keep Bernanke’s interest rates low are rapidly vaporizing. Yes, Ned Davis’ prediction of a bear will soon be a painful reality.

S&P 500 inflated, worth just 910, get out before it tops 1,500

Grantham also sees inflation and rising interest rates killing the lies, popping the bubble and ending the rally: “As a simple rule, the market will tend to rise as long as short rates are kept low. This seems likely to be the case for eight more months and, therefore, we have to be prepared for the market to rise and to have a risky bias.”

With $107 billion at stake Grantham better be concerned. He predicted the 2008 meltdown, now sees a repeat dead ahead: “Be prepared for a strong market and continued outperformance of everything risky, but be aware that you are living on borrowed time as a bull.”

Yes, the bubble will pop this year says Grantham: “If the S&P rises to 1,500, it would officially be the latest in the series of true bubbles. All of the famous bubbles broke, but only after short rates had started to rise.”

So keep a close watch on those two tipping points in your planning, interest rates breaking to the upside and the S&P closing near 1,500. When inflation pushes interest rates up they’ll choke off this bull market. If you’re active, better stop chasing higher returns, especially emerging markets.

Bottom line: In what sounds like a direct shot at super-bull Jeremy Siegel, Grantham says that GMO’s research warns that “the market is worth about 910 on the S&P 500, substantially less than current levels” just above 1,300.

Then Grantham throws his fast ball right down the middle: “The speed with which you should pull back from the market as it advances into dangerously overpriced territory this year is more of an art than a science, but by October 1 you should probably be thinking much more conservatively.”

Translation: Get the heck out of Wall Street’s stock market casino soon, maybe as early as July 4th, and definitely get out by Christmas, because soon all the lies, lying and liars will stop working. ‘

Stock Concentration: A Different Aspect of ETF Risk Kownatzki ‘ETFs have been all the rage. Ongoing investor interest has prompted an amazing growth of this type of investment vehicle. For most individual investors the traditional ETFs do provide an easy, certainly more cost effective way of diversification and therefore spreading risk among possibly several hundred companies. Many of these ETFs track the major stock market indices such as the SPDR S&P 500 (SPY), SPDR Dow Jones Industrial Average (DIA) and PowerShares NASDAQ 100 (QQQQ).

I have been repeatedly critical of some of the more complex ETFs in the past. Leveraged ETFs (double and triple) as well as inverse ETFs should only be considered by more experienced investors as they generally incur much higher risks. Worse yet, they tend to do a rather poor job at tracking the underlying index or basket of assets, often lagging far behind the expected performance. We discussed this in detail in numerous articles, more recently in Naïve expectations versus actual performance.

By contrast, as long as one invests in the traditional ETFs tracking just the major market indices, one should take comfort from the fact that diversification through the many different companies provides some insurance against individual company risk. Or does it?

Let’s look at an area of risk that’s not all that obvious on first glance: concentration risk.

Whenever I examine a new ETF or Mutual Fund, my first question is always: What are they actually buying and what are their current holdings?

One should do the same before buying any index fund too. Be aware of what the index is actually made of and what the fund allocations are. For instance, looking at the top ten holdings of the Dow Jones ETF (DIA), it is clear that a significant portion of that index, about 10%, is allocated to one company – IBM. Nothing against IBM, but just be aware that this is quite a large allocation in just one stock.

DIA Top Ten Holdings	as of 2-25-11
Components	Weight
IBM	10.08%
Chevron (CVX)	6.39%
Caterpillar Inc (CAT)	6.30%
3M Co (MMM)	5.64%
Exxon Mobil (XOM)	5.39%
United Technologies (UTX)	5.18%
McDonald's (MCD)	4.71%
Boeing Co (BA)	4.43%
Coca Cola Co (KO)	4.00%
Procter & Gamble Co (PG)	3.95%

Granted that the Dow is only made up of 30 companies, that concentration risk is still relatively benign. Much more of a concentration risk has been gathering steam in the NASDAQ 100. The extremely successful company Apple now comprises more than one fifth of the Index, clearly a huge allocation in just one company.

QQQQ Top Ten Holdings	as of 2-25-11
Components	Weight
Apple Inc. (AAPL)	20.47%
QUALCOMM Inc. (QCOM)	5.29%
Google Inc. (GOOG)	4.24%
Microsoft Corp. (MSFT)	3.59%
Oracle Corp. (ORCL)	3.17%
Amazon.com Inc. (AMZN)	2.43%
Intel Corp. (INTC)	1.96%
Cisco Systems Inc. (CSCO)	1.70%
Comcast Corp. (CMCSA)	1.68%
Teva Pharmaceutical (TEVA)	1.68%

Apple (AAPL) has been a huge success and the NASDAQ 100 Index has also been profiting from Apple’s stellar performance in recent years. Without going into detail as to how the component allocation of these indices are calculated, the average investor should at least be aware of the top 10 holdings of these ETFs as they provide some insight into how much or how little the index is actually diversified. Given the larger allocation of Apple in this case has been a huge plus for holders of QQQQ. But the same holders should appreciate that there is a significant concentration risk through this massive holding in just one company. Don’t get me wrong, I love Apple and its products and I am not here to argue as to whether Apple’s astronomical market cap of $320 billion is justified. But the fact that Apple is now more than 20% of the NASDAQ 100 leaves me a bit uncomfortable.

You could consider buying Apple stock directly (if Apple were the “chosen one”) while achieving your desired level of diversification through a broader index like the S&P 500. In that index, comprised of 500 companies, Apple is still the second largest component stock. However, with a weight of just 2.65% it looks more like diversification is actually happening.

SPY Top Ten Holdings	as of 2-25-11
Components	Weight
Exxon Mobil	3.65%
Apple Inc.	2.65%
General Electric Co (GE)	1.85%
Chevron Corp New	1.73%
Microsoft Corp	1.70%
IBM	1.68%
JP Morgan Chase & Co (JPM)	1.51%
Procter & Gamble Co	1.49%
Johnson & Johnson JNJ)	1.39%
Wells Fargo & Co (WFC)	1.39%

Again, I’m not debating the commercial viability of Apple Inc. (although there are those who fear that the absence of Steve Jobs will eventually hurt the long-term prospects of the company). This is rather a heads up for those who might not realize how much of their money is invested in just one stock when they purchase shares in the ETF QQQQ. Always good to know what’s inside the shopping bag…’

Greenback Armageddon Ahead? Why the dollar is about to crash, with Damon Vickers, Nine Points Capital Management founder, and “The Day After Dollar Crash” author.

Government Promises to Cut Social Security It’s official, national austerity measures are here.

Politicians Slash Budget of Watchdog Agencies … Guaranteeing that Financial Fraud Won’t Be Investigated or Prosecuted As I noted last year, you can tell how interested Congress and the White House are in uncovering the truth by looking at how much money is actually budgeted for investigation.

Will banksters get away with it? Aljazeera | Why have the unions and leftist groups been mostly silent on these issues?

The REAL Unemployment Rate Is 22% The Daily Bail | It remains above 22% with the February update.

Libya’s Turmoil Leads to Highest February Gas Prices in 21 Years ABC News | Crude oil touched nearly $102 a barrel in Asia this morning amid fears that Libya could halt exports.

The Flood Of Money Drowns Out The Value The world is awash in dollars and that is being reflected in the USDX, which are six major currencies versus the dollar. The loss of value is being loudly trumpeted as the IMF says a replacement must be found.

Mob Robbers And Rampant Looting: Is This The Future Of America? Have you ever heard of mob robberies? What happens is that dozens of young people storm a store at the same time, take whatever they want, and then storm out as powerless store clerks watch helplessly.

Price of food is at the heart of revolutions The Independent | No one saw the uprisings coming, but their deeper cause isn’t hard to fathom.

Oil Rises for Second Day as Middle East Turmoil Spreads to Oman Bloomberg | Oil advanced for a second day in New York after turmoil that has cut Libya’s output spread to Oman.

Madoff Says Entire U.S. Government a `Ponzi Scheme’ Bernard Madoff, convicted for organizing a ponzi scheme, criticized the U.S. during a recent telephone interview with New York Magazine.

‘No Plans’ To Cut Speeds As Oil Price Soars Transport officials have denied they are considering cutting speed limits on the roads to conserve fuel, despite the world oil crisis.

“Technical Glitch” Takes Down Australian Stock Exchange After last week we saw the Euronext, the Italian and the London Stock Exchanges crashing and burning, it is now Australia’s turn.

Will The Death Of The Dollar Lead To The Birth Of A New World Economic Order? There is no getting around it. The U.S. dollar is dying. U.S. government debt continues to grow at a very frightening pace and the Federal Reserve is now buying up most of the new debt that is being issued.

ECONOMIC CRISIS ARCHIVE

National / World

War, Martial Law, and the Economic Crisis Peter Dale Scott | A quiet agglomeration of military power shows sustained intention.

Government Promises to Cut Social Security Infowars.com | It’s official, national austerity measures are here.

“Day of Rage” in Iraq: 23 Killed by Government Infowars.com | Obama too busy condemning Gaddafi to take al-Maliki to task in Iraq.

Obama Signs Patriot Act Extension New York Post | Allows law enforcement to set roving wiretaps to monitor multiple communication devices.

Ignacio Pena: “Songs for the Fall of an Empire” Infowars.com | Another example of the sort of excellent work submitted to the latest video contest.

A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by impeaching Obama.

Libyans: No Thanks to Globalist Intervention Kurt Nimmo | Rebel leader stated his country does not want or need help from the United States and its globalist partners.

Obama’s “Humanitarian” Conquest Of Libya Paul Joseph Watson | While his predator drone attacks kill 90% innocents, President suddenly develops a conscience for human suffering

Globalism Pushing Middle Class Standard of Living Down to Third World Levels The Economic Collapse | The truth is that the global economy is bad for America.

Is Barack Obama About To Order The U.S. Military To Invade Libya? As insane as it might sound, the United States may soon be getting involved in another war in the Middle East. According to White House spokesman Jay Carney, “no options” have been taken off the table when it comes to the situation in Libya.

War Uber Alles The United States government cannot get enough of war. With Libyan dictator Moammar Gadhafi’s regime falling to a rebelling population, CNN reports that a Pentagon spokesman said that the U.S. is looking at all options from the military side.

Mob Robbers And Rampant Looting: Is This The Future Of America? Have you ever heard of mob robberies? What happens is that dozens of young people storm a store at the same time, take whatever they want, and then storm out as powerless store clerks watch helplessly.

Infowars.com Takes 1st Place in Alternative News Rating The DBKP Report has listed Infowars.com as the top alternative news and information website in its February, 2011, 80 Alternative News-Information ratings report. DBKP bases its ratings on 3-month average of Alexa worldwide traffic rankings.

Perceptions And Facts About The War On Terror American philosopher and author Robert Anton Wilson, who died four years ago at the age of 74, tried to awaken us to the fact that the “world is not governed by facts or logic,” but by “belief systems.” The priests of power in the United States understand this well, and they have used their knowledge to rule over the ignorant people below them, and keep America in the dark.

Analysis of the Global Insurrection Against Neo-Liberal Economic Domination and the Coming American Rebellion If you think what’s happening in Egypt won’t happen within the United States, you’ve been watching too much TV. The statistics speak for themselves.

UK paying ‘bribes’ to free trapped Britons Britain has been buying off Libyan officials with hefty additional fees in order to expedite the troubled evacuation of UK nationals, according to senior government figures.

Neocon Analysts Push for Invasion of Libya CNN reports the Pentagon and NATO are ready to send troops into Libya under the cover of humanitarian assistance. CNN underscores the situation by stating that reports say Gaddafi will fight to the end and will seek martyrdom.

Inside The Mind Of Charlie Sheen Paul Joseph Watson & Alex Jones | Why the actor is so angry, and why Infowars is involved in the story. Following the controversy caused by Charlie Sheen’s wild and rampaging appearance on The Alex Jones Show, it’s necessary to understand why the actor is so angry, if only to set the record straight on a number of issues that have been misconstrued by the establishment media, as well as explaining why Infowars and Alex Jones are involving themselves with the machinations of the entertainment industry.

Homeland Security To Scan DNA The Homeland Security Department this summer plans to begin testing a DNA analyzer that’s small enough to be easily portable and fast enough to return results in less than an hour.

The Real Revolution As Washington plunges the Middle East and North Africa into chaos, and city by city collapses into the hands of globalist stooges, many have mistakenly interpreted this “change” as a positive transformation.

Obama says Kadhafi must ‘leave now’: White House President Barack Obama said Saturday that Libya’s leader Moamer Kadhafi needs to “leave now,” having lost the legitimacy to rule, a White House statement said.

Rebel army may be formed as Tripoli fails to oust Gaddafi Col. Moammar Gaddafi faced fresh setbacks domestically and internationally early Sunday with opposition forces in eastern Libya preparing to dispatch a rebel force to his stronghold in Tripoli and the United Nation’s imposing military and financial sanctions while raising the specter that the isolated leader could face charges for crimes against humanity.

Globalist Client Regime in Iraq Massacres Protesters Kurt Nimmo | Donald Rumsfeld told the Iraqis democracy can be messy. It can also be bloody.

War Über Alles Paul Craig Roberts | War makes money for the politically connected.

The Real Revolution Tony Cartalucci | We have been given a prepackaged ideal of what “revolution” is supposed to look like.

North Korea threatens US, South with 'all-out war' (AFP) AFP - North Korea threatened "all-out war" in response to exercises by South Korean and US troops due to start Monday and told Seoul to stop cross-border propaganda, upping the rhetoric against its ar...

Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ]

Afghan gov't: NATO op killed 65 civilians (AP) [ War criminals winning hearts and minds? … Never gonna’ happen! ]

Ron Paul: Reject the Welfare-Warfare State! During the past few weeks, Congress has been locked in a battle to pass a continuing resolution to fund government operations through September. Both supporters and opponents of the bill – HR1 – claim it is a serious attempt to reduce federal spending. However, an examination of the details of the bill call that claim into question.

Alex Jones Culture Jams The View Alex Jones blasts the truth to The View’s audience of millions, bringing up the slaughter of a million innocents in Iraq, TSA grope down abuse, as well as the collapse of Building 7.

Obama Encircles US War Machine Around Libya President Barack Obama has instructed the Pentagon to reposition U.S. military forces around Libya as the administration prepares to exploit a humanitarian crisis to seize de facto control over the largest oil producing country in the continent of Africa, following the advice of top neo-cons who have urged Obama to use U.S. forces to topple the Gaddafi regime.

Ron Paul 2012: Tea Partiers Choose Congressman Over Sarah Palin For Presidential Bid Congressman Ron Paul has topped a Tea Party presidential straw poll, beating Sarah Palin as the favourite to run against Barack Obama in 2012.

Libyans: No Thanks to Globalist Intervention Following Secretary of State Clinton’s call for intervention, a rebel leader in Libya has stated his country does not want or need any help from the United States and its globalist partners.

Saudi activists eye protests, wait for new cabinet Democracy activists in Saudi Arabia say the government is closely monitoring social media to nip in the bud any protests inspired by uprisings that swept Arab countries, toppling leaders in Egypt and Tunisia.

Obama’s “Humanitarian” Conquest Of Libya Before President Barack Obama even took office, we warned that his administration would continue to follow the Bush-era policy of bankrupting America both financially and morally with new wars, but that these conquests would be done in the name of a humanitarian crisis rather than a pre-emptive assault.

Congress on course to avert shutdown (Washington Post) [ And just when we thought there was hope … for the nation … the world … How ‘bout a massive furlough program for congress, the judiciary, and the executive branch (except law enforcement). After all, if all of the foregoing along with the likes of pseudo gov’t / connected fraudulent wall street, etc., are not to blame for the debacle we now call america, then who is? They are, period, exclamation point. Massive firings would also do quite satisfactorily! ]

Chinese authorities block Web site, terms (Washington Post) [ It is bad enough that China is essentially a totalitarian communist nation, disingenuously relying upon capitalism for its stellar growth. In light of such and China’s preoccupation with censorship, it is also clear that it’s not so much China’s rise as it is pervasively corrupt / defacto bankrupt america’s demise. In other words, they’re ‘limited’ (by such). But make no mistake, pervasively corrupt, defacto bankrupt america goes to great lengths in suppressing information, truth in favor of what’s spewed out by their propaganda machine which is nonpareil; and then there’s the perpetual illegal wars. ] Chinese authorities continued to tighten controls on Internet use Friday in the face of murky calls for "jasmine rallies" to emulate the anti-government protests convulsing the Middle East and North Africa.

Midwest, Middle East events threaten U.S. (Washington Post) [ Come on! It’s just not there! ‘Seemed’ is the best they can muster and that’s what they’re shooting for … to fool all of the american people/taxpayers (other than insiders) all of the time … see here: Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR ( The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which not only do I believe to be correct, but are supported by the unequivocal documented facts. This is a must-view, must-see that I strongly recommend! The complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ) ] Just when the economic recovery seemed to gain momentum, two new threats have emerged that could undermine it.

Don't cut here (Washington Post) [ If not there … then where? I think people are totally out-of-touch with the reality of america’s dire circumstances and impending collapse on as many levels as a nation could face disaster. Denial? If it were only that simple … Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR ( The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which not only do I believe to be correct, but are supported by the unequivocal documented facts. This is a must-view, must-see that I strongly recommend! The complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ) ] Topic A: Advocates make the case for funding their favorite federal programs. [ With what? The nation’s bankrupt: Senate Democrats draft cuts in domestic agency budgets (Washington Post) [ Do these ‘too little, too late’ so-called cuts purport to make the nation ‘less bankrupt’? There’s no such thing … absolutely preposterous! And, Kotlikoff thinks so as well, see immediately hereafter… ] The plan will involve accelerating some of the $33 billion in program terminations and reductions included in Obama's proposed budget for next year.

When Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff ( Today in the WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011

Feb. 23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today.

Want proof? Look at President Barack Obama’s 2010 budget. It showed a massive fiscal gap over the next 75 years, the closure of which requires immediate tax increases, spending cuts, or some combination totaling 8 percent of gross domestic product. To put 8 percent of GDP in perspective, this year’s employee and employer payroll taxes for Social Security and Medicare will amount to just 5 percent of GDP.

Actually, the picture is much worse. Nothing in economics says we should look out just 75 years when considering the present-value difference between future spending and future taxes. Over the full long-term, we need an extra 12 percent, not 8 percent, of GDP annually.

Seventy-five years seems like a long enough time to plan. It’s not. Had the Greenspan Commission, which “fixed” Social Security back in 1983, focused on the true long term we wouldn’t be sitting here now with Social Security 26 percent underfunded. The Social Security trustees, at least, have learned a lesson. The 26 percent figure is based on their infinite horizon fiscal- gap calculation.

But the real reason we can’t look out just 75 years is that the government’s cash flows (the difference between its annual taxes and non-interest spending) over any period of time, including the next 75 years, aren’t well defined. This reflects economics’ labeling problem. If you use different words to describe the receipts taken in and paid out each year by the government, you produce entirely different cash flows and an entirely different fiscal gap measured over any finite horizon.

Matter of Language

It’s only the value of the infinite horizon fiscal gap that is unaffected by the choice of labels of language. Take this year’s payroll tax contributions. Let’s call these transfers from workers to Uncle Sam “borrowing” by the government, rather than “payroll taxes,” since the money will be paid back as future benefits. If the future payback isn’t in full (equal to principal plus interest), we can call the difference a “retirement tax.” Presto! With this change of words, our 2011 deficit of about 10 percent of GDP is boosted another five points to 15 percent.

With one set of words, taxes are higher now and lower latter. With the other set of words, the opposite is true. But neither set of labels makes more economic sense than the other or changes what the government takes, on balance, from any person or business in any given year.

This is no surprise. The math of economics rules out an absolute measure of the deficit, just like the math of physics rules out an absolute measure of time.

Bottom Line

The bottom line, then, is that we need to look at the infinite-horizon fiscal gap not just for Social Security, but for the entire federal government. That analysis, based on the Congressional Budget Office’s long-term alternative fiscal scenario, shows an unfathomable fiscal gap of $202 trillion. And covering this gap requires coming up with the aforementioned 12 percent of GDP, forever.

If this gives you the willies, there’s a ready narcotic -- the president’s 2012 budget, which shows that most of our long- term fiscal problem has miraculously disappeared; the fiscal gap isn’t 12 percent of annual GDP. Nor is it 8 percent. It’s now 1.8 percent.

This fantastic improvement in our finances is due, we’re told, primarily to the Independent Payment Advisory Board. This board, to be established in 2014 (after the next election, of course) is charged with recommending cuts to Medicare and Medicaid providers when their costs grow too fast.

Repealing Cuts

We’ve had laws mandating such cuts for years, and they are routinely repealed. Indeed, President Obama signed the latest such repeal last June. But rather than laugh out loud at this cost-control mechanism, the Medicare trustees, three-quarters of whom were appointed by the president, assume in their 2010 report that these cuts will be made -- to the dollar. And the 2012 budget cites the report’s fictional forecast as its authoritative source.

No one takes the 2010 Medicare trustee report’s long-run projections seriously, least of all Richard Foster, Medicare’s chief actuary. Foster added this statement to the end of the report: “The financial projections shown in this report for Medicare do not represent a reasonable expectation…in either the short range…or the long range.”

This isn’t the first administration to conceal our long- term fiscal problem. Back in 1993, Alice Rivlin, then deputy director of the Office of Management and Budget, asked me and economists Alan Auerbach and Jagadeesh Gokhale to prepare a long-term fiscal gap/generational accounting for inclusion in President Bill Clinton’s 1994 budget.

Politics Triumphs

We worked for months on the analysis, but two days before the budget’s release, the study was excised from the budget. We were shocked, but, in retrospect, the politics are clear. The Clinton administration wanted to claim it was fiscally prudent and the study, which showed unofficial debt growing at enormous rates, showed the opposite.

The fiscal gap’s next near appearance in a president’s budget was in 2003. Treasury Secretary Paul O’Neill commissioned Gokhale and Kent Smetters to do the study. It showed a massive $45 trillion fiscal gap -- not a great basis for pushing tax cuts or introducing the prescription-drug benefit for seniors, known as Medicare Part D. O’Neill was ousted on Dec. 6, 2002, and a couple of days later the fiscal-gap study was discarded.

I’m not sure whether censoring the fiscal gap is more dishonorable than fudging it. What I do know is that we can’t assume our problems away and that I expected far better of this president when I voted for him.

--Editors: James Greiff, Steven Gittelson’

]

Libyan ruler clings to power as violence escalates (Washington Post) [ Clings? … As in a tight sweater … or maybe a straight jacket. Wow! Talk about delusional. ] Regime opens fire on protesters; Gaddafi calls supporters to arms (Washington Post) [ Pressure mounts on Gaddafi (Washington Post) [ That he was always a caricature of sorts, there is no question. That he’s totally burned out, there’s also no doubt; though they might argue in his defense that so was failed president dumbya bush … a point well taken … but look at the consequential pathetic state of pervasively corrupt, defacto bankrupt america … with the unlit torch passed to failed president wobama the b (for b*** s***) who pretends, or maybe in his alternate and fake reality just believes it’s lit. That he’s done, also fait accomplis, after 41 years … who cares. That he’s insane … now that’s quite another thing with greater worldwide implications, so, daffy… gadaffy… duck! Gaddafi vows to maintain hold on power Libyan strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the world’s command. ‘Something there is that doesn’t love a dictator, that wants them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert Frost http://albertpeia.com/RobertFrost.htm ). Libya Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the internet, inherently global in nature is the lynchpin, tampering with or stifling same marking the end of any regime. Let this be a warning; viz., you cannot put the genie back in the bottle! 41 years? Gadaffy duck should duck ‘cause he’s done. I mean, look at him, he’s the singular equivalent of the multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or mubarack) and quite done! ] Reports have emerged late Friday that Libya appears to have shut down its Internet due to widespread protests, less than a month after Egypt did the same. ] With rebels apparently controlling much of the eastern half of the country, the violence engulfing Libya is already the worst in more than a month of unrest that has toppled other regimes. ] He remains defiant even as high-level defections continue to weaken his government and rebels reportedly seize control of key swaths of nation. American evacuees describe 'long ordeal' on ferry (Washington Post) [ I’ve included this headline here, not for the article’s content but rather for the statement of one of said evacuees on network television news that he was told by the u.s. embassy that they’d have to fend for themselves and that they’re on their own. That is an important aspect of the fact-filled video presentation by Stansberry and Associates, infra, except that that will be the almost unimaginable position of the u.s. government when the almost unimaginable but inevitable happens here in pervasively corrupt, defacto bankrupt america. Don’t forget, they and their’s have plundered this nation, its treasury, people and have use each branch of this government to do so. I’ve experienced this first-hand in having to ‘fend for myself’ in what should have been a simple RICO case owing to the venality of those self-interested in the process (bribes, cover-up of crimes, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ….. Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which not only do I believe to be correct, but are supported by the unequivocal documented facts. This is a must-view, must-see that I strongly recommend! The complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ]

Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which not only do I believe to be correct, but are supported by the unequivocal documented facts. This is a must-view, must-see that I strongly recommend! The complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ]

The U.S. market has had no such worries, and has continued its non-stop bull market to new highs.

It did stumble a bit this week, spooked by the spike-up in oil prices created by the spreading unrest in oil-producing countries, notably Libya. Yet in the week’s decline the Dow and S&P 500 fell less than 3%, hardly a blip on the long-term charts.

Short-term, the next ‘monthly strength period’ has arrived, when the market tends to be positive for the five-day period from the last trading day of the month through the first four days of the following month.

As I have written before, it is a quite consistent pattern. For instance, in 2010 the S&P 500 gained 143 points, or 12.8% for the year, but its gains on just the first three days of each month amounted to 229 points, or 20.5%. The pattern has pretty much continued so far this year, with nice gains in the first weeks of both January and February.

That raises the odds for a return to a positive market next week.

Yet, the events of the past week may have been a warning shot. There had already been enough potential catalysts for a market correction. This week added several more.

As most investors are aware, investor sentiment has been at levels of bullishness and confidence usually seen near market tops, and the major market indexes are as over-extended above their long-term 200-day moving averages as they usually get without at least a 10% to 12% correction down to retest the support at those moving averages. As noted, many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, and global markets, including the U.S., tend to move in tandem with each other in both rallies and corrections.

Now we have spiking oil prices. The 2003-2007 bull market ended in October, 2007 when the price of oil reached $96 a barrel. The 2007-2009 recession began three months later. After trading briefly above $100 a barrel on Thursday oil pulled back, but was still trading around $97 at the week’s end.

On Thursday it was reported that new home sales plunged an unexpected and huge 12.6% in January. It was not a good start for this year, after 2010 was the worst year for new home sales in almost half a century. Not providing much encouragement for coming months, it was also reported that applications for mortgages are at a 15-year low.

Then, on Friday it was reported that the economy was even weaker than previously thought in the December quarter. Gross Domestic Product (GDP) growth for the quarter was unexpectedly revised down to only 2.8% from the previously reported 3.2%.

These events and reports – turmoil in the oil-producing countries that is more likely to spread than go away; spiking oil prices that tend to cut into U.S. economic growth (and add to global inflation pressures); news that the economy grew significantly slower in the 4^th quarter than previously thought – were more than enough reasons for the market to nosedive this week. But it only stumbled for a few days.

Yet it was enough to cause some concern and nervousness. That could be seen in the sharp drop in bullish investor sentiment, and the upturn in the number of pundits declaring the end of the bull market. The poll of its members by the American Association of Individual Investors (AAII) this week shows the percentage of those who are bullish plunged to just 36.6% from readings above 50% just three weeks ago, and the near record high of 63% in late December.

Sentiment does reverse from high levels of bullishness near tops to increasingly pessimistic expectations as corrections develop.

So was this week’s stumble the beginning of a more serious correction?

The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential.

Limited upside potential equals more downside risk?

It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’

Ready to Rally or Ready to Blow? The One Indicator That's in the Know Maierhofer, On Friday February 25, 2011, 7:35 pm EST

After publishing this article on Tuesday, a lot of people asked me: 'So, what did percentR tell you about the rally. Is it over?'

Unfortunately the message of this accurate but little-known indicator wasn't as clear as I hoped, but it was nevertheless valuable. Combining percentR with my other tenchnical analysis, I came to the following conclusion (published for ETF Profit Strategy subscribers in the Wednesday update):

'It looks like stocks want to rally and retrace some of the points lost since last Friday.' Based on percentR the up trend may be over, but it's too early to tell. If stocks break out above the safety level outlined in the same update, the rally will be back on track.

Please find below the original article for your reading pleasure:

Low-Risk. The term 'low-risk' has the same appeal in the investment world as the enticing little word 'free' in the advertising world.

Some advertising executives claim that 'free' is the most powerful word in the ad world. 'Low-risk' might be the most powerful concept in the investing universe.

If you read the ETF Profit Strategy Newsletter you are very familiar with the term low-risk entry. If you don't, here's a quick summary and crash course of an indicator that's been 100% accurate over the past 6 months.

Low risk entries for various indexes are identified or triggered by a relative strength indicator called percentR. PercentR is expressed on a scale from 1 - 100. Readings above 80 are considered overbought, readings below 20 oversold. If you read the ETF Profit Strategy Newsletter you are very familiar with the term low-risk entry. If you don't, here's a quick summary and crash course of an indicator that's been 100% accurate over the past 6 months.

Uncannily Accurate

With two exceptions, percentR remained above 80 ever since. The two dips below 80 (yellow circles) on January 19 and 28 triggered a low-risk entry. Even though investors were worried about riots in Egypt, according to percentR it was time to buy.

This bullish low-risk entry is valid as long as the underlying index (in this case the S&P 500) does not close below that day's low (white line). In both instances, the S&P (SNP: ^GSPC) stayed above that low and went on to rally over 5%.

Other Low-Risk Entries

PercentR works with stocks and indexes alike. Similar low-risk entries were identified by the ETF Profit Strategy Newsletter for the Dow Jones (DJI: ^DJI), Nasdaq-100 (Nasdaq: QQQQ - News), Nasdaq Composite (Nasdaq: ^IXIC), and the Financial Select Sector SPDR (NYSEArca: XLF - News) on January 28. The Russell 2000 (Chicago Options: ^RUT) was the weakest index and registered its low-risk entry sooner.

Corrections are Healthy, if ...

Put yourself in a time capsule and zoom back to April 2010 when the major U.S. indexes declined nearly 20% before the promise of QE2 resurrected stocks. There was little conviction then that corrections are healthy. The correction had rattled the investing masses and shaken out many stockholders before the market went on to rally again.

PercentR is the canary in the coalmine that identifies a deeper correction. No significant sell off happens without a failed low-risk entry.

A failed low-risk entry occurs when the indexes close below the low of the day that triggers the low-risk entry (white lines on the chart). The last failed low-risk entry happened in November 2010 when stocks chopped around for a few weeks and ultimately lost about 5%. Another failed low-risk entry flashed a sell signal on August 11 and ushered in a 21 day, 8% sell off.

The Right Tool for the Job

Any craftsman will tell you that there are limitations to any tool, but there's a tool for each job. percentR is the right tool for the current job.

After a parabolic rally, the job at hand is to distinguish whether pull backs are a buying opportunity or a warning signal. Should you buy the dips or step on the sidelines (or even short the market)?…’

The REAL Unemployment Rate Is 22% The Daily Bail | It remains above 22% with the February update.

Libya’s Turmoil Leads to Highest February Gas Prices in 21 Years ABC News | Crude oil touched nearly $102 a barrel in Asia this morning amid fears that Libya could halt exports.

IMF Austerity Measures Lead to Violent Riots in Greece AFP | The confrontation occurred near the finance ministry.

Saudi Arabia Raises Oil Output By 8% To Over 9 Million Barrels Per Day As we reported yesterday, Saudi Arabia which following its latest recreation of Helicopter Ben’s money parachuting experiment to buy its people’s love, suddenly has found itself in a fiscal crunch, has no choice but to increase general oil sales revenues.

It’s Not an Arab Revolution … It’s a GLOBAL Revolution While the revolution in Tunisia, Egypt, Libya and other North African countries may seem like an “Arab revolt”, it’s actually worldwide.

What You Need To Know About Buying Silver At A Time When Even The Canadian Mint Says “It Has Sold Everything It Has” Even as silver performed some unprecedented fireworks today, plunging on what was a margin hike in… crude, the metal continues to trade just below its post-Hunt Brother highs.

Adjusted Monetary Base Goes Vertical Just in case there was any confusion in the interpretation of the M2 chart, here is the latest just released Adjusted Monetary Base.

21 Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged, Declawed And Deindustrialized Once upon a time… The Economic Collapse Feb 12, 2011 ‘Once upon a time, the United States was the greatest industrial powerhouse that the world has ever seen. Our immense economic machinery was the envy of the rest of the globe and it provided the foundation for the largest and most vibrant middle class in the history of the world. But now the once great U.S. economic machine is being dismantled piece by piece. The U.S. economy is being gutted, neutered, defanged, declawed and deindustrialized and very few of our leaders even seem to care. It was the United States that once showed the rest of the world how to mass produce televisions and automobiles and airplanes and computers, but now our industrial base is being ripped to shreds. Tens of thousands of our factories and millions of our jobs have been shipped overseas. Many of our proudest manufacturing cities have been transformed into “post-industrial” hellholes that nobody wants to live in anymore.

Meanwhile, wave after wave of shiny new factories is going up in nations such as China, India and Brazil. This is great for those countries, but for the millions of American workers that desperately needed the jobs that have been sent overseas it is not so great.

This is the legacy of globalism. Multinational corporations now have the choice whether to hire U.S. workers or to hire workers in countries where it is legal to pay slave labor wages. The “great sucking sound” that Ross Perot warned us about so long ago is actually happening, and it has left tens of millions of Americans without good jobs.

So what is to become of a nation that consumes more than it ever has and yet continues to produce less and less?

Well, the greatest debt binge in the history of the world has enabled us to maintain (and even increase) our standard of living for several decades, but all of that debt is starting to really catch up with us.

The American people seem to be very confused about what is happening to us because most of them thought that the party was going to last forever. In fact, most of them still seem convinced that our brightest economic days are still ahead.

After all, every time we have had a “recession” in the past things have always turned around and we have gone on to even greater things, right?

Well, what most Americans simply fail to understand is that we are like a car that is having its insides ripped right out. Our industrial base is being gutted right in front of our eyes.

Most Americans don’t think much about our “trade deficit”, but it is absolutely central to what is happening to our economy. Every year, we buy far, far more from the rest of the world than they buy from us.

In 2010, the U.S. trade deficit was just a whisker under $500 billion. This is money that we could have all spent inside the United States that would have supported thousands of American factories and millions of American jobs.

Instead, we sent all of those hundreds of billions of dollars overseas in exchange for a big pile of stuff that we greedily consumed. Most of that stuff we probably didn’t need anyway.

Since we spent almost $500 billion more with the rest of the world than they spent with us, at the end of the year the rest of the world was $500 billion wealthier and the American people were collectively $500 billion poorer.

That means that the collective “economic pie” that we are all dividing up is now $500 billion smaller.

Are you starting to understand why times suddenly seem so “hard” in the United States?

Meanwhile, jobs and businesses continue to fly out of the United States at a blinding pace.

This is a national crisis.

We simply cannot expect to continue to have a “great economy” if we allow our economy to be deindustrialized.

A nation that consumes far more than it produces is not going to be wealthy for long.

The following are 21 signs that the once great U.S. economy is being gutted, neutered, defanged, declawed and deindustrialized….

#1 The U.S. trade deficit with the rest of the world rose to 497.8 billion dollars in 2010. That represented a 32.8% increase from 2009.

#2 The U.S. trade deficit with China rose to an all-time record of 273.1 billion dollars in 2010. This is the largest trade deficit that one nation has had with another nation in the history of the world.

#3 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#4 In the years since 1975, the United States had run a total trade deficit of 7.5 trillion dollars with the rest of the world.

#5 The United States spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

#6 In 1959, manufacturing represented 28 percent of all U.S. economic output. In 2008, it represented only 11.5 percent and it continues to fall.

#7 The number of net jobs gained by the U.S. economy during this past decade was smaller than during any other decade since World War 2.

#8 The Bureau of Labor Statistics originally predicted that the U.S. economy would create approximately 22 million jobs during the decade of the 2000s, but it turns out that the U.S. economy only produced about 7 million jobsduring that time period.

#9 Japan now manufactures about 5 million more automobiles than the United States does.

#10 China has now become the world’s largest exporter of high technology products.

#11 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#12 The United States now has 10 percent fewer “middle class jobs” than it did just ten years ago.

#13 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.

#14 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#15 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#16 The number of Americans that have become so discouraged that they have given up searching for work completely now stands at an all-time high.

#17 Half of all American workers now earn $505 or less per week.

#18 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#19 Since 2001, over 42,000 U.S. factories have closed down for good.

#20 In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.

#21 Ten years ago, the “employment rate” in the United States was about 64%. Since then it has been constantly declining and now the “employment rate” in the United States is only about 58%. So where did all of those jobs go?

The world is changing.

We are bleeding national wealth at a pace that is almost unimaginable.

We are literally being drained dry.

Did you know that China now has the world’s fastest train and the world’s largest high-speed rail network?

They were able to afford those things with all of the money that we have been sending them.

How do you think all of those oil barons in the Middle East became so wealthy and could build such opulent palaces?

They got rich off of all the money that we have been sending them.

Meanwhile, once great U.S. cities such as Detroit, Michigan now look like war zones.

Back in 1985, the U.S. trade deficit with China was about 6 million dollars for the entire year.

As mentioned above, the U.S. trade deficit with China for 2010 was over 273billion dollars.

What a difference 25 years can make, eh?

What do you find when you go into a Wal-Mart, a Target or a dollar store today?

You find row after row after row of stuff made in China and in other far away countries.

It can be more than a bit difficult to find things that are actually made inside the United States anymore. In fact, there are quite a few industries that have completely and totally left the United States. For certain product categories it is now literally impossible to buy something made in America.

So what are we going to do with our tens of millions of blue collar workers?

Should we just tell them that their jobs are not ever coming back so they better learn phrases such as “Welcome to Wal-Mart” and “Would you like fries with that”?

For quite a few years, the gigantic debt bubble that we were living in kind of insulated us from feeling the effects of the deindustrialization of America.

But now the pain is starting to kick in.

It has now become soul-crushingly difficult to find a job in America today.

According to Gallup, the U.S. unemployment rate is currently 10.1% and when you throw in “underemployed” workers that figure rises to 19.6%.

Competition for jobs has become incredibly fierce and it is going to stay that way.

The great U.S. economic machine is being ripped apart and dismantled right in full view of us all.

This is not a “conservative” issue or a “liberal” issue. This is an American issue.

The United States is rapidly being turned into a “post-industrial” wasteland.

It is time to wake up America.’

This is that unmentionable reality as I alluded to earlier on close scrutiny of the data, ‘that stock prices have been manipulated to the upside beyond any and all rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S. Equities [ Hey, Abbott … That’s Lou Costello calling him from the other side … Wake up! … Just kidding … but I’m not kidding when I say that contrary to Abbott’s view, infra, if you’re not a successful market timer you should rethink your position as an equity investor. Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a successful speculator (there are very few), you should rethink your position as a short seller: reason…, you could be wiped out, lose more than your principal, forced to cover (that’s why the same is considered a contrary market indicator, particularly in these manipulated, contrived markets). When I did my MBA thesis (1977, NYU, GBA, Eve.Prog., Finance), a review of the data revealed even then (and much more so now with computer programmed market manipulation) that the market remained biased / propped up (artificially, especially now with computerized manipulation) to the upside for far longer periods of time than for the downside which meant that dollar-cost averaging (through regular, periodic investment, for example), meant you were accumulating shares at higher prices generally for longer periods of time skewing the average cost to the upside (dollar-cost-averaging in declining markets was ok if analysis / forecast saw resurgence based on fundamentals - now absent – which is timing, as even senile wall street / gov’t shill Buffet would attest, that ‘greedy when others are fearful thing’). Abbott discusses perception which is the psychological factor involved in security evaluation / analysis; but investors need not and should become nuts themselves, particularly when as now, the inmates are running the asylum. ] Abbott ‘Perception determines short-term market movements. The difference between perception and reality determines the direction of major market trends. Though I generally try to avoid making macro prognostications, I believe bottom-up analysis can be informative about the current level of stock prices. I want to share what my recent work tells me about where stocks are (and where they might be headed). I will outline some various nuggets of collective wisdom that are taken for granted right now by stock bulls, and I will attempt to demonstrate how reality is likely to differ from these perceptions.

First, a disclaimer. This is not a market timing call. At all times, I stay away from market timing predictions. I think that's a loser's game in the long run. Even if I'm correct about the discrepancies between the following perceptions and realities, there's no saying when people will change their minds or shift their focuses. That said, let's dive in.

Perception vs. Reality #1
Perception: Low Interest Rates, Questionable Bond Outlook Means Stocks are Attractive
Reality: Interest Rates Are Being Artificially and Deliberately Manipulated

It's no secret that the Federal Reserve's low interest rate policy and quantitative easing efforts have held interest rates very low for very long. However, when people talk about stock market implications of bond yields, they rarely mention the fact that bond yields are artificially low. In an unmanipulated market, bond prices and stock valuations should be related, but I regard that connection as highly dubious right now. Investors who say that stocks deserve higher multiples (lower earnings yields) because bond yields are so low may well be setting themselves up for disappointing returns/frustrating losses when bond prices normalize. Again, this isn't a market timing call, and yields may remain low for quite some time. But, eventually this discrepancy will correct itself, and stock performance is likely to suffer at that time.

Perception vs. Reality #2
Perception: Earnings Growth Has Been Strong and Will Remain That Way
Reality: Top-Line Growth Will Have to Pick Up; Cost-Cutting has Run Its Course

Earnings growth has certainly been robust, but much of the strength has come from companies running lean cost structures and wringing as much efficiency as possible out of their employees and their assets. Though the recession has ended, the economy is not yet healthy enough to fuel strong sales growth. Companies can only boost profits by cutting costs and increasing productivity for so long. Therefore, top-line growth will have to play a larger role going forward than it has over the past 4-6 quarters. Whether or not economic growth is strong enough to drive revenue increases is unsure, but the current level of stock prices undoubtedly assumes it is. Any stagnation of the recovery and concomitant sluggish sales will likely hit stock prices.

Perception vs. Reality #3
Perception: European Debt Crisis Drives Short-Term Volatility, but It's Not a Long-Term Concern
Reality: Crisis May Be a Harbinger of What's to Come in the U.S. if States, the Feds Don't Improve Balance Sheets

So far, turmoil in Greece and Ireland has served only as a temporary headwind to U.S. stocks. In keeping with the investment world's increasingly short-term focus, people seem more concerned with what fiscal crises in Europe mean for U.S. stocks over the coming days and months than with what they might mean down the road. I believe that this interpretation misses the mark. Since the U.S. fiscal situtation is generally considered to be stronger than that in many European countries, U.S. federal and municipal debt issuance has been relatively smooth, and interest rates have only risen modestly. If the U.S. doesn't get serious about its fiscal woes, eventually the crisis will arrive on American shores. There's no way of telling when this might happen, but the current level of stock prices seems to imply that it never will.

Here's the problem with that. To fix the federal balance sheet and/or to improve state and municipal balance sheets, legislators will have to raise taxes and/or cut spending. Tax hikes and spending cuts both reduce consumer spending. This hurts growth. There's no way around this. Stocks can certainly continue to rise for some time, but austerity will be bearish if/when it comes. If it doesn't come, we're in for a much bigger crisis some time down the road.

Perception vs. Reality #4
Perception: Everywhere You Look, You See Good Companies at Cheap Prices
Reality: It's Hard to Find Genuine Bargains, but There are Intriguing Short Prospects Everywhere

There is no shortage of stock market commentators who claim that they see bargains everywhere they look. Perhaps I'm not looking in the right places, but I've been having a difficult and increasingly impossible time finding good companies at reasonable prices. I use similar criteria to assess long and short investments, and I find intriguing shorts in lots of sectors right now. This tells me that valuations are stretched. Certainly they can become more so before we get a selloff, but every day that stocks rally, they get more expensive.

I've written on Seeking Alpha about a number of stocks which I regard as expensive (CRM, OPEN, GMCR), and take my word for it: there are plenty more than these whose shares I do not want to own at present levels. A few weeks ago, I also mused about the Facebook-Goldman deal and argued that this valuation is indicative of excessive investor enthusiasm. Bargains are hard to find, and as valuations go up, so does positive sentiment. While this is not a prediction of an impending correction or bear market, it is a message of caution for people who think stocks are cheap right now.

All that said, I always try to consider both sides of any investment issue, and there are some reasons for optimism. Job growth has shown signs of improvement, and some economic data have been increasingly (though not uniformly) positive. The Federal Reserve remains accommodative, and I'm skeptical about whether or not there is political will for austerity. For these reasons, stocks could continue onward and upward. That said, I see too many reasons for caution, and investors are turning a blind eye to these concerns as their complacency rises.’

12 Economic Collapse Scenarios That We Could Potentially See In 2011 What could cause an economic collapse in 2011? Well, unfortunately there are quite a few “nightmare scenarios” that could plunge the entire globe into another massive financial crisis.
The Economic Collapse Jan 20, 2011 ‘What could cause an economic collapse in 2011? Well, unfortunately there are quite a few “nightmare scenarios” that could plunge the entire globe into another massive financial crisis. The United States, Japan and most of the nations in Europe are absolutely drowning in debt. The Federal Reserve continues to play reckless games with the U.S. dollar. The price of oil is skyrocketing and the global price of food just hit a new record high. Food riots are already breaking out all over the world. Meanwhile, the rampant fraud and corruption going on in world financial markets is starting to be exposed and the whole house of cards could come crashing down at any time. Most Americans have no idea that a horrific economic collapse could happen at literally any time. There is no way that all of this debt and all of this financial corruption is sustainable. At some point we are going to reach a moment of “total system failure”.

So will it be soon? Let’s hope not. Let’s certainly hope that it does not happen in 2011. Many of us need more time to prepare. Most of our families and friends need more time to prepare. Once this thing implodes there isn’t going to be an opportunity to have a “do over”. We simply will not be able to put the toothpaste back into the tube again.

So we had all better be getting prepared for hard times. The following are 12 economic collapse scenarios that we could potentially see in 2011….

#1 U.S. debt could become a massive crisis at any moment. China is saying all of the right things at the moment, but many analysts are openly worried about what could happen if China suddenly decides to start dumping all of the U.S. debt that they have accumulated. Right now about the only thing keeping U.S. government finances going is the ability to borrow gigantic amounts of money at extremely low interest rates. If anything upsets that paradigm, it could potentially have enormous consequences for the entire world financial system.

#2 Speaking of threats to the global financial system, it turns out that “quantitative easing 2″ has had the exact opposite effect that Ben Bernanke planned for it to have. Bernanke insisted that the main goal of QE2 was to lower interest rates, but instead all it has done is cause interest rates to go up substantially. If Bernanke this incompetent or is he trying to mess everything up on purpose?

#3 The debt bubble that the entire global economy is based on could burst at any time and throw the whole planet into chaos. According to a new report from the World Economic Forum, the total amount of credit in the world increased from $57 trillion in 2000 to $109 trillion in 2009. The WEF says that now the world is going to need another $100 trillion in credit to support projected “economic growth” over the next decade. So is this how the new “global economy” works? We just keep doubling the total amount of debt every decade?

#4 As the U.S. government and the Federal Reserve continue to pump massive amounts of new dollars into the system, the floor could fall out from underneath the U.S. dollar at any time. The truth is that we are already starting to see inflation really accelerate and everyone pretty much acknowledges that official U.S. governments figures for inflation are an absolute joke. According to one new study, the cost of college tuition has risen 286% over the last 20 years, and the cost of “hospital, nursing-home and adult-day-care services” rose 269% during those same two decades. All of this happened during a period of supposedly “low” inflation. So what are price increases going to look like when we actually have “high” inflation?

#5 One of the primary drivers of global inflation during 2011 could be the price of oil. A large number of economists are now projecting that the price of oil could surge well past $100 dollars a barrel in 2011. If that happens, it is going to put significant pressure on the price of almost everything else in the entire global economy. In fact, as I have explained previously, the higher the price of oil goes, the faster the U.S. economy will decline.

#6 Food inflation is already so bad in some areas of the globe that it is setting off massive food riots in nations such as Tunisia and Algeria. In fact, there have been reports of people setting themselves on fire all over the Middle East as a way to draw attention to how desperate they are. So what is going to happen if global food prices go up another 10 or 20 percent and food riots spread literally all over the globe during 2011?

#7 There are persistent rumors that simply will not go away of massive physical gold and silver shortages. Demand for precious metals has never been higher. So what is going to happen when many investors begin to absolutely insist on physical delivery of their precious metals? What is going to happen when the fact that far, far, far more “paper gold” and “paper silver” has been sold than has ever actually physically existed in the history of the planet starts to come out? What would that do to the price of gold and silver?

#8 The U.S. housing industry could plunge the U.S. economy into another recession at any time. The real estate market is absolutely flooded with homes and virtually nobody is buying. This massive oversupply of homes means that the construction of new homes has fallen off a cliff. In 2010, only 703,000 single family, multi-family and manufactured homes were completed. This was a new record low, and it was down 17% from the previous all-time record which had just been set in 2009.

#9 A combination of extreme weather and disease could make this an absolutely brutal year for U.S. farmers. This winter we have already seen thousands of new cold weather and snowfall records set across the United States. Now there is some very disturbing news emerging out of Florida of an “incurable bacteria” that is ravaging citrus crops all over Florida. Is there a reason why so many bad things are happening all of a sudden?

#10 The municipal bond crisis could go “supernova” at any time. Already, investors are bailing out of bonds at a frightening pace. State and local government debt is now sitting at an all-time high of 22 percent of U.S. GDP. According to Meredith Whitney, the municipal bond crisis that we are facing is a gigantic threat to our financial system….

“It has tentacles as wide as anything I’ve seen. I think next to housing this is the single most important issue in the United States and certainly the largest threat to the U.S. economy.”

Former Los Angeles mayor Richard Riordan is convinced that things are so bad that literally 90% of our states and cities could go bankrupt over the next five years….

#11 Of course on top of everything else, the quadrillion dollar derivatives bubble could burst at any time. Right now we are watching the greatest financial casino in the history of the globe spin around and around and around and everyone is hoping that at some point it doesn’t stop. Today, most money on Wall Street is not made by investing in good business ideas. Rather, most money on Wall Street is now made by making the best bets. Unfortunately, at some point the casino is going to come crashing down and the game will be over.

#12 The biggest wildcard of all is war. The Korean peninsula came closer to war in 2010 than it had in decades. The Middle East could literally explode at any time. We live in a world where a single weapon can take out an entire city in an instant. All it would take is a mid-size war or a couple of weapons of mass destruction to throw the entire global economy into absolute turmoil.

Once again, let us hope that none of these economic collapse scenarios happens in 2011.

However, we have got to realize that we can’t keep dodging these bullets forever.

As bad as 2010 was, the truth is that it went about as good as any of us could have hoped. Things are still pretty stable and times are still pretty good right now.

But instead of using these times to “party”, we should be using them to prepare.

A really, really vicious economic storm is coming and it is going to be a complete and total nightmare. Get ready, hold on tight, and say your prayers.’

Poor Recovery: The Problem Is Institutional [ Well it’s true that the problem is institutional as in pervasively corrupt, incompetent, nonproductive in real terms relative to their cost / damage (still no pros on the wall street fraud which is ongoing in terms of the last crisis, the worthless paper marked to anything, and the current bubble fraud that’s high-frequency computerized churn-and-earn high-frequency commissioned / sold into, 360 tons of $100 bills disappear in Iraq, etc.. What do they get paid for?) ( Peter Schiff: Washington a parasite to economy ‘US foreclosures hit record highs in 2010, but that may not be the worst of it. 2011 may be even worse. Meanwhile, JP Morgan Chase exceeded market expectations, announcing a 47% rise in quarterly profits and released details on a $28.1 billion pay and bonus pool. Peter Schiff, the President of Euro Pacific Capital said Washington and Wall Street are becoming one force and are sucking the underlying American dry like a parasite’.); but the problem is structural, as in transfer of jobs, industries, etc. (among the sources of the huge over-compensation to wall street, company executives), never to return in any meaningful sense; and as in the defacto bankruptcy of the nation with insurmountable record debt / deficits or stated another way, broke. Unlike in the past, once beyond the propaganda, rhetoric, and smoke and mirrors / obfuscation, there is no prospective way for america to grow its way out, nor are there funds in real money with which to do it. Quite simply, america’s broke / bankrupt in every which way. ] Loundsbury ‘Harold Meyerson, Op Ed Columnist at The Washington Post, has hit the nail right on the head, in the opinion of GEI. Meyerson says the debate about whether the recession and poor recovery is a cyclical problem or a structural problem is misguided. He says the problem is institutional - - - and is he ever right!

In a column last week, Myerson points out that the devastation of The Great Recession has fallen disproportionately on the blue collar population, those without a college degree. And he traces the rolling over of median family income in this century, not just in the downturn, but since the turn of the century. Even at the peak, in 2007, median family income was less than in 2000.

What Meyerson doesn't point out is that average incomes have faired better in the 21st century and in all of the past 50 years. In fact, average family income has risen more than 2.5 times as much and median income over the last 30 years. Why is this important? Because the more there is a fat tail of ever higher incomes for a few, the greater the difference between average and median income becomes.

Myerson says:

The great sociologist William Julius Wilson has long argued that the key to the unraveling of the lives of the African American poor was the decline in the number of "marriageable males" as work disappeared from the inner city. Much the same could now be said of working-class whites in neighborhoods that may not look like the ghettos of Cleveland or Detroit but in which productive economic activity is increasingly hard to find.

This grim new reality has yet to inform our debate over how to come back from this mega-recession. Those who believe our downturn is cyclical argue that job-creating public spending can restore us to prosperity, while those who believe it's structural - that we have too many carpenters, say, and not enough nurses - believe that we should leave things be while American workers acquire new skills and enter different lines of work. But there's a third way to look at the recession: that it's institutional, that it's the consequence of the decisions by leading banks and corporations to stop investing in the job-creating enterprises that were the key to broadly shared prosperity.

Since Meyerson has chosen income disparity as a cornerstone of his argument, let's look at how incomes have grown over the last 50 years. These are shown in the following graph, not adjusted for inflation.

click to enlarge images [chart]

Real median income and average income seem to grow similarly in the 1950s and 1960s, the growth of average income starts to pull away in the mid-1960s and appears to continue to gain gound for the the next 40+ years. The more average income deviates from median income the more money is found in the high income tail on the distribution curve. This is often called a "fat tail", which is very appropriate in this discussion because that is where the fat cats are. The fat tail has not gotten so because ten times as many people equaled the incomes of the former fat cats, but more because a few fat cats have received 10 times the income. This is exemplified by the often quoted statistic that average CEO salaries were 40x average worker pay 50 years ago and today are more like 400x.

The change income distribution that seems to be appearing in the above graph becomes more apparent in the following graph where real income gains are shown for the last six decades starting with the ten years from 1949 - 1959 (the 1950s) and ending with 1999 - 2009 (the 2000s). [chart]

The 1950s and 60s were real boom years. Starting with the 1970s a lower level of income growth was established, but even that lower level could not be maintained in the 2000s.

After the 1950s every decade has seen average real income grow more than the median. The fat tail has gotten fatter over the past half century in every decade, without exception. Yes the average did decline in the 2000s, but the median declined 76% more!

The most dramatic pattern of change is evident when the data is divided into two halves: 1949 to 1979 and 1979 - 2009. This is done in the following graph: [chart]

For thirty years after World War II the wealth of the country increased in a balanced manner. The average income containing the greater contribution from the top earners of the day, grew at a rate very similar to the income growth of the broader population, represented by the median.

Yes there were "fat cats" and they had significantly larger incomes than the bulk of the population. And these top incomes grew over those three decades, but at almost the same rate as the majority of the populace.

Then something happened. From 1979-2009 it appears that the American pie suddenly got smaller. In the later three decades the real median income growth was less than 10% of the rate seen from 1949 to 1979. And as the pie got smaller, the fat cats took a much larger share. The average income grew at a rate 254% that of the median income. You might say that, as the cow gave less milk, the top of the economic ladder skimmed more and more cream off the top.

Meyerson identifies the force majuere to be corporate America:

Our multinational companies still invest, of course - just not at home. A study by the Business Roundtable and the U.S. Council Foundation found that the share of the profits of U.S.-based multinationals that came from their foreign affiliates had increased from 17 percent in 1977 and 27 percent in 1994 to 48.6 percent in 2006. As the companies' revenue from abroad has increased, their dependence on American consumers has diminished. The equilibrium among production, wages and purchasing power - the equilibrium that Henry Ford famously recognized when he upped his workers' pay to an unheard-of $5 a day in 1913 so they could afford to buy the cars they made, the equilibrium that became the model for 20th-century American capitalism - has been shattered. Making and selling their goods abroad, U.S. multinationals can slash their workforces and reduce their wages at home while retaining their revenue and increasing their profits. And that's exactly what they've done.

Meyerson doesn't get into some of the other areas that might be brought to bear on the current condition of the American economy:

He doesn't address the fact that the U.S. ranks below some third world countries in education.
He doesn't discuss the increasing burden of health care, both because costs have been running out of control and because an ever increasing portion of the population is kept from making the contribution they might have otherwise because of poor health.
He doesn't discuss the capture of much potential domestic capital by financial engineers who find it much easier to get rich in a rigged casino than to make money the old fashioned way.

Part of the problem is that Americans have fallen into the way of the easiest path, where, either by credit card or by making quick trades, the desires of the moment are satisfied with no seemingly current cost.

It seems that few want to think about the needs of tomorrow. This is true starting with the masses who kiss off the idea of working hard in school to prepare for what they will need 20 years down the road. This is also true of the "capitalist" who finds that skimming a few percent off each of many deals a year to get quick, large quarterly returns is much easier than investing and building something that will will make much larger returns extending over decades and producing things of real economic utility.

There are a number of things that Meyerson does not address, but if you want to hit one nail at a time, I think he has picked the baddest nail in the plank. He finishes his column thusly:

Our economic woes, then, are not simply cyclical or structural. They are also - chiefly - institutional, the consequence of U.S. corporate behavior that has plunged us into a downward cycle of underinvestment, underemployment and under-consumption. Our solutions must be similarly institutional, requiring, for starters, the seating of public and worker representatives on corporate boards. Short of that, there will be no real prospects for reversing America's downward mobility.

If we were to address all the other issues I mentioned previously and did not address the institutional problem Meterson has identified, we would not ultimately solve our economic puzzle.’

20 Shocking New Economic Records That Were Set In 2010 2010 was quite a year, wasn’t it? 2010 will be remembered for a lot of things, but for those living in the United States, one of the main things that last year will be remembered for is economic decline…The Economic Collapse Jan 14, 2011 ‘2010 was quite a year, wasn’t it? 2010 will be remembered for a lot of things, but for those living in the United States, one of the main things that last year will be remembered for is economic decline. The number of foreclosure filings set a new record, the number of home repossessions set a new record, the number of bankruptcies went up again, the number of Americans that became so discouraged that they simply quit looking for work reached a new all-time high and the number of Americans on food stamps kept setting a brand new record every single month. Meanwhile, U.S. government debt reached record highs, state government debt reached record highs and local government debt reached record highs. What a mess! In fact, even many of the “good” economic records that were set during 2010 were indications of underlying economic weakness. For example, the price of gold set an all-time record during 2010, but one of the primary reasons for the increase in the price of gold was that the U.S. dollar was rapidly losing value. Most Americans had been hoping that 2010 would be the beginning of better times, but unfortunately economic conditions just kept getting worse.

So will things improve in 2011? That would be nice, but at this point there are not a whole lot of reasons to be optimistic about the economy. The truth is that we are trapped in a period of long-term economic decline and we are now paying the price for decades of horrible decisions.

Amazingly, many of our politicians and many in the mainstream media have declared that “the recession is over” and that the U.S. economy is steadily improving now.

Well, if anyone tries to tell you that the economy got better in 2010, just show them the statistics below. That should shut them up for a while.

The following are 20 new economic records that were set during 2010….

#1 An all-time record of 2.87 million U.S. households received a foreclosure filing in 2010.

#2 The number of homes that were actually repossessed reached the 1 million mark for the first time ever during 2010.

#3 The price of gold moved above $1400 an ounce for the first time ever during 2010.

#4 According to the American Bankruptcy Institute, approximately 1.53 million consumer bankruptcy petitions were filed in 2010, which was up 9 percent from 1.41 million in 2009. This was the highest number of personal bankruptcies we have seen since the U.S. Congress substantially tightened U.S. bankruptcy law several years ago.

#5 At one point during 2010, the average time needed to find a job in the United States had risen to an all-time record of 35.2 weeks.

#6 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs, which is believed to be a new record low.

#7 The number of Americans working part-time jobs “for economic reasons” was the highest it has been in at least five decades during 2010.

#8 The number of American workers that are so discouraged that they have given up searching for work reached an all-time high near the end of 2010.

#9 Government spending continues to set new all-time records. In fact, at the moment the U.S. government is spending approximately 6.85 million dollars every single minute.

#10 The number of Americans on food stamps surpassed 43 million by the end of 2010. This was a new all-time record, and government officials fully expect the number of Americans enrolled in the program to continue to increase throughout 2011.

#11 The number of Americans on Medicaid surpassed 50 million for the first time ever in 2010.

#12 The U.S. Census Bureau originally announced that 43.6 million Americans are now living in poverty and according to them that was the highest number of Americans living in poverty that they had ever recorded in 51 years of record-keeping. But now the Census Bureau says that they miscalculated and that the real number of poor Americans is actually 47.8 million.

#13 According to the FDIC, 157 banks failed during 2010. That was the highest number of bank failures that the United States has experienced in any single year during the past decade.

#14 The Federal Reserve brought in a record $80.9 billion in profits during 2010. They returned $78.4 billion of that to the U.S. Treasury, but the real story is that thanks to the Federal Reserve’s continual debasement of our currency, the U.S. dollar was worth less in 2010 than it ever had been before.

#15 It is projected that the major financial firms on Wall Street will pay out an all-time record of $144 billion in compensation for 2010.

#16 Americans now owe more than $881 billion on student loans, which is a new all-time record.

#17 In July, sales of new homes in the United States declined to the lowest level ever recorded.

#18 According to Zillow, U.S. housing prices have now declined a whopping 26 percent since their peak in June 2006. Amazingly, this is even farther than house prices fell during the Great Depression. From 1928 to 1933, U.S. housing prices only fell 25.9 percent.

#19 State and local government debt reached at an all-time record of 22 percent of U.S. GDP during 2010.

#20 The U.S. national debt has surpassed the 14 trillion dollar mark for the first time ever and it is being projected that it will soar well past 15 trillion during 2011.

There are some people that have a hard time really grasping what statistics actually mean. For people like that, often pictures and charts are much more effective. Well, that is one reason I like to include pictures and graphs in many of my articles, and below I have posted my favorite chart from this past year. It shows the growth of the U.S. national debt from 1940 until today. I honestly don’t know how anyone can look at this chart and still be convinced that our nation is not headed for a complete financial meltdown….[chart]

14 Eye Opening Statistics Which Reveal Just How Dramatically The U.S. Economy Has Collapsed Since 2007 Most Americans have become so accustomed to the “new normal” of continual economic decline that they don’t even remember how good things were just a few short years ago. ‘The Economic Collapse Jan 10, 2011

’Most Americans have become so accustomed to the “new normal” of continual economic decline that they don’t even remember how good things were just a few short years ago. Back in 2007, unemployment was very low, good jobs were much easier to get, far fewer Americans were living in poverty or enrolled in welfare programs and government finances were in much better shape. Of course most of this prosperity was fueled by massive amounts of debt, but at least times were better. Unfortunately, things have really deteriorated over the last several years. Since 2007, unemployment has skyrocketed, foreclosures have set new all-time records, personal bankruptcies have soared and U.S. government debt has gotten completely and totally out of control. Poll after poll has shown that Americans are now far less optimistic about the future than they were in 2007. It is almost as if the past few years have literally sucked the hope out of millions upon millions of Americans.

Sadly, our economic situation is continually getting worse. Every month the United States loses more factories. Every month the United States loses more jobs. Every month the collective wealth of U.S. citizens continues to decline. Every month the federal government goes into even more debt. Every month state and local governments go into even more debt.

Unfortunately, things are going to get even worse in the years ahead. Right now we look back on 2005, 2006 and 2007 as “good times”, but in a few years we will look back on 2010 and 2011 as “good times”.

We are in the midst of a long-term economic decline, and the very bad economic choices that we have been making as a nation for decades are now starting to really catch up with us.

So as horrible as you may think that things are now, just keep in mind that things are going to continue to deteriorate in the years ahead.

But for the moment, let us remember how far we have fallen over the past few years. The following are 14 eye opening statistics which reveal just how dramatically the U.S. economy has collapsed since 2007….

#1 In November 2007, the official U.S. unemployment rate was just 4.7 percent. Today, the official U.S. unemployment rate is 9.4 percent.

#2 In November 2007, 18.8% of unemployed Americans had been out of work for 27 weeks or longer. Today that percentage is up to 41.9%.

#3 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#4 Nearly 10 million Americans now receive unemployment insurance, whichis almost four times as many as were receiving it back in 2007.

#5 More than half of the U.S. labor force (55 percent) has “suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers” since the “recession” began in December 2007.

#6 According to one analysis, the United States has lost a total of approximately 10.5 million jobs since 2007.

#7 As 2007 began, only 26 million Americans were on food stamps. Today, an all-time record of 43.2 million Americans are enrolled in the food stamp program.

#8 In 2007, the U.S. government held a total of $725 billion in mortgage debt. As of the middle of 2010, the U.S. government held a total of $5.148 trillion in mortgage debt.

#9 In the year prior to the “official” beginning of the most recent recession in 2007, the IRS filed just 684,000 tax liens against U.S. taxpayers. During 2010, the IRS filed over a million tax liens against U.S. taxpayers.

#10 From the year 2000 through the year 2007, there were 27 bank failures in the United States. From 2008 through 2010, there were 314 bank failures in the United States.

#11 According to the U.S. Department of Housing and Urban Development, the number of U.S. families with children living in homeless sheltersincreased from 131,000 to 170,000 between 2007 and 2009.

#12 In 2007, one poll found that 43 percent of Americans were living “paycheck to paycheck”. Sadly, according to a survey released very close to the end of 2010, approximately 55 percent of all Americans are now living paycheck to paycheck.

#13 In 2007, the “official” federal budget deficit was just 161 billion dollars. In 2010, the “official” federal budget deficit was approximately 1.3 trillion dollars.

#14 As 2007 began, the U.S. national debt was just under 8.7 trillion dollars. Today, the U.S. national debt has just surpassed 14 trillion dollars and it continues to soar into the stratosphere.

So is there any hope that we can turn all of this around?

Unfortunately, the massive amount of debt that we have piled up as a society over the last several decades has made that impossible.

If you add up all forms of debt (government debt, business debt, individual debt), it comes to approximately 360 percent of GDP. It is the biggest debt bubble in the history of the world.

If the federal government and our state governments stop borrowing and spending so much money, our economy would collapse. But if they keep borrowing and spending so much money they will continually make the eventual economic collapse even worse.

We are in the terminal stages of the most horrific debt spiral the world has ever seen, and when the debt spiral gets stopped the house of cards is going to finally come down for good.

So enjoy these times while you still have them. Yes, today is not nearly as prosperous as 2007 was, but today is most definitely a whole lot better than 2015 or 2020 is going to be.

Sadly, we could have avoided this financial disaster completely if only we had listened more carefully to those that founded this nation. Once upon a time, Thomas Jefferson said the following….

Tipping Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The financial collapse that so many of us have been anticipating is seemingly closer then ever. Over the past several weeks, there have been a host of ominous signs for the U.S. economy.

The Economic Collapse
Dec 17, 2010

The financial collapse that so many of us have been anticipating is seemingly closer then ever. Over the past several weeks, there have been a host of ominous signs for the U.S. economy. Yields on U.S. Treasuries have moved up rapidly and Moody’s is publicly warning that it may have to cut the rating on U.S. government debt soon. Mortgage rates are also moving up aggressively. The euro and the U.S. dollar both look incredibly shaky. Jobs continue to be shipped out of the United States at a blistering pace as our politicians stand by and do nothing. Confidence in U.S. government debt around the globe continues to decline. State and local governments that are drowning in debt across the United States are savagely cutting back on even essential social services and are coming up with increasingly “creative” ways of getting more money out of all of us. Meanwhile, tremor after tremor continues to strike the world financial system. So does this mean that we have almost reached a tipping point? Is the world on the verge of a major financial collapse?

Let’s hope not, but with each passing week the financial news just seems to get eve worse. Not only is U.S. government debt spinning wildly toward a breaking point, but many U.S. states (such as California) are in such horrific financial condition that they are beginning to resemble banana republics.

But it is not just the United States that is in trouble. Nightmarish debt problems in Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European nations threaten to crash the euro at any time. In fact, many economists are now openly debating which will collapse first – the euro or the U.S. dollar.

Sadly, this is the inevitable result of constructing a global financial system on debt. All debt bubbles eventually collapse. Currently we are living in the biggest debt bubble in the history of the world, and when this one bursts it is going to be a disaster of truly historic proportions.

So will we reach a tipping point soon? Well, the following are 25 signs that the financial collapse is rapidly getting closer….

#1 The official U.S. unemployment rate has not been beneath 9 percent since April 2009.

#2 According to the U.S. Census Bureau, there are currently 6.3 million vacant homes in the United States that are either for sale or for rent.

#3 It is being projected that the U.S. trade deficit with China could hit 270 billion dollars for the entire year of 2010.

#4 Back in 2000, 7.2 percent of blue collar workers were either unemployed or underemployed. Today that figure is up to 19.5 percent.

#5 The Chinese government has accumulated approximately $2.65 trillion in total foreign exchange reserves. They have drained this wealth from the economies of other nations (such as the United States) and instead of reinvesting all of it they are just sitting on much of it. This is creating tremendous imbalances in the global economy.

#6 Since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were approximately 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#7 The United States now employs about the same number of people in manufacturing as it did back in 1940. Considering the fact that we had 132 million people living in this country in 1940 and that we have well over 300 million people living in this country today, that is a very sobering statistic.

#8 According to CoreLogic, U.S. housing prices have now declined for three months in a row.

#9 The average rate on a 30 year fixed rate mortgage soared 11 basis points just this past week. As mortgage rates continue to push higher it is going to make it even more difficult for American families to afford homes.

#10 22.5 percent of all residential mortgages in the United States were in negative equity as of the end of the third quarter of 2010.

#11 The U.S. monetary base has more than doubled since the beginning of the most recent recession.

#12 U.S. Treasury yields have been rising steadily during the 4th quarter of 2010 and recently hit a six-month high.

#13 Incoming governor Jerry Brown is scrambling to find $29 billion more to cut from the California state budget. The following quote from Brown about the desperate condition of California state finances is not going to do much to inspire confidence in California’s financial situation around the globe….

“We’ve been living in fantasy land. It is much worse than I thought. I’m shocked.”

#14 24.3 percent of the residents of El Centro, California are currently unemployed.

#15 The average home in Merced, California has declined in value by 63 percent over the past four years.

#16 Detroit Mayor Dave Bing has come up with a new way to save money. He wants to cut 20 percent of Detroit off from essential social services such as road repairs, police patrols, functioning street lights and garbage collection.

#17 The second most dangerous city in the United States – Camden, New Jersey – is about to lay off about half its police in a desperate attempt to save money.

#18 In 2010, 55 percent of Americans between the ages of 60 and 64 were in the labor market. Ten years ago, that number was just 47 percent. More older Americans than ever find that they have to keep working just to survive.

#19 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#20 The U.S. government budget deficit increased to a whopping $150.4 billion last month, which represented the biggest November budget deficit on record.

#21 The U.S. government is somehow going to have to roll over existing debt and finance new debt that is equivalent to 27.8 percent of GDP in 2011.

#22 The United States had been the leading consumer of energy on the globe for about 100 years, but this past summer China took over the number one spot.

#23 According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the profession over the next three years.

#24 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#25 All over the United States, local governments have begun instituting “police response fees”. For example, New York Mayor Michael Bloomberg has come up with a plan under which a fee of $365 would be charged if police are called to respond to an automobile accident where no injuries are involved. If there are injuries as a result of the crash that is going to cost extra.

16 Nightmarish Economic Trends To Watch Carefully In 2011 The American Dream Dec 15, 2010 ‘If you only watch the “economic pundits” on television, it can be very confusing to figure out exactly what is happening with the U.S. economy. One pundit will pull out a couple statistics that got a little bit better over the past month and claim that we have entered a time of solid recovery. Another pundit will pull out a couple statistics that got a little worse over the past month and claim that we are headed for trouble. So what is the truth? Well, if you really want to get a clear idea of what is really going on you have to look at the long-term trends. There are some economic trends which just keep getting worse year after year after year, and it is those trends that tell the real story of the decline of our economic system.

As you examine the long-term trends, you quickly come to realize that the U.S. is trapped in an endless spiral of debt, the middle class is being wiped out, the U.S. dollar is being destroyed and America is rapidly becoming a post-industrial wasteland.

Posted below are 16 nightmarish economic trends to watch carefully in 2011. It is becoming exceedingly apparent that unless something is done rapidly we are heading for an economic collapse of unprecedented magnitude….

#1 Do you want to see something scary? Just check out the chart below. Since the beginning of the economic downturn, the U.S. monetary base has more than doubled. But don’t worry – Federal Reserve Chairman Ben Bernanke has promised us that this could never cause inflation. In fact, Bernanke says that we need to inject even more dollars into the economy. So if you are alarmed by the chart below, you are just being irrational according to Bernanke….

[chart]

#2 Thousands of our factories, millions of our jobs and hundreds of billions of dollars of our national wealth continue to be shipped overseas. In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year. In the month of August alone, the U.S. trade deficit with China was over 28 billion dollars. Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

#3 The United States is rapidly becoming a post-industrial wasteland. Back in 1959, manufacturing represented 28 percent of all U.S. economic output. In 2008, it represented only 11.5 percent and it continues to fall. Sadly, the truth is that America is being deindustrialized. As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941.

#4 The number of Americans that have been out of work for an extended period of time has absolutely exploded over the last few years. As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#5 The middle class continues to be squeezed out of existence. According to a poll taken in 2009, 61 percent of Americans ”always or usually” live paycheck to paycheck. That was up substantially from 49 percent in 2008 and 43 percent in 2007.

#6 The number of Americans living in poverty is absolutely skyrocketing. 42.9 million Americans are now on food stamps, and one out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government. Unfortunately, many of those that have been hardest hit by this economic downturn have been children. According to one new study, approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.

#7 Many American families have been pushed beyond the breaking point during this economic downturn. Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008. The final number for 2010 is expected to be even higher.

#8 The U.S. real estate market continues to stagnate. During the third quarter of 2010, 67 percent of mortgages in Nevada were “underwater”, 49 percent of mortgages in Arizona were “underwater” and 46 percent of mortgages in Florida were “underwater”. So what happens if home prices go down even more?

#9 More elderly Americans than ever are being forced to put off retirement and continue working. In 2010, 55 percent of Americans between the ages of 60 and 64 were in the labor market. Ten years ago, that number was just 47 percent. Unfortunately, it looks like this problem will only get worse in the years ahead. In America today, approximately half of all workers have less than $2000 saved up for retirement.

#10 In the United States today, there are simply far too many retirees and not nearly enough workers to support them. Back in 1950 each retiree’s Social Security benefit was paid for by 16 workers. Today, each retiree’s Social Security benefit is paid for by approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers for each retiree.

#11 Financial assets continue to become concentrated in fewer and fewer hands. For example, the “big four” U.S. banks (Citigroup, JPMorgan Chase, Bank of America and Wells Fargo) had approximately 22 percent of all deposits in FDIC-insured institutions back in 2000. As of the middle of 2009 that figure was up to 39 percent.

#12 The Federal Reserve has been destroying the value of the U.S. dollar for decades. Since the Federal Reserve was created in 1913, the U.S. dollar has lost over 95 percent of its purchasing power. An item that cost $20.00 in 1970 would cost you $112.35 today. An item that cost $20.00 in 1913 would cost you $440.33 today.

#13 Commodity prices continue to soar into the stratosphere. Ten years ago, the price of a barrel of oil hovered around 20 to 30 dollars most of the time. Today, the price of oil is rapidly closing in on 100 dollars a barrel and there are now fears that it could soon go much higher than that.

#14 Federal government spending is completely and totally out of control. The U.S. government budget deficit increased to a whopping $150.4 billion last month, which represented the biggest November deficit on record. But our politicians can’t seem to break their addiction to debt. In fact, Democrats are trying to ram through a 1,924 page, 1.1 trillion dollar spending bill in the final days of the lame-duck session of Congress before the Republicans take control of the House of Representatives next year.

#15 The U.S. national debt is rapidly closing in on 14 trillion dollars. It is more than 13 times larger than it was just 30 short years ago. According to an official U.S. Treasury Department report to Congress, the U.S. national debt is projected to climb to an estimated $19.6 trillion by 2015.

#16 Unfortunately, the official government numbers grossly understate the horrific nature of the crisis we are facing. John Williams of Shadow Government Statistics has calculated that if the federal government would have used GAAP accounting standards to measure the federal budget deficit for 2009, it would have been approximately 8.8 trillion dollars. Not only that, but John Williams now says that U.S. government debt is so wildly out of control that it is mathematically impossible for us to “grow” our way out of it….

The government’s finances not only are out of control, but the actual deficit is not containable. Put into perspective, if the government were to raise taxes so as to seize 100% of all wages, salaries and corporate profits, it still would be showing an annual deficit using GAAP accounting on a consistent basis. In like manner, given current revenues, if it stopped spending every penny (including defense and homeland security) other than for Social Security and Medicare obligations, the government still would be showing an annual deficit. Further, the U.S. has no potential way to grow out of this shortfall.

The more one examines the U.S. economic situation, the more depressing it becomes. The U.S. financial system is trapped inside a horrific debt spiral and we are headed straight for economic oblivion.

If our leaders attempt to interrupt the debt spiral it will plunge our economy into a depression. If our leaders attempt to keep the debt spiral going for several more years it will just make the eventual crash even worse. Either way, we are headed for a financial implosion that will be truly historic.

The debt-fueled good times that we have been enjoying for the last several decades are rapidly coming to an end. Unfortunately for the tens of millions of Americans that are already suffering, our economic problems are only going to get worse in the years ahead.’

Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘… Unemployment is up again! That’s right – even though Wall Street is swimming in cash and the Obama administration is declaring that “the recession is over”, the U.S. unemployment rate has gone even higher. So are you enjoying the jobless recovery? Economic Collapse Blog Dec 4, 2010 ‘Guess what? Unemployment is up again! That’s right – even though Wall Street is swimming in cash and the Obama administration is declaring that “the recession is over”, the U.S. unemployment rate has gone even higher ... Times are really, really tough and unfortunately the long-term outlook is very bleak. We should have compassion on those who are out of work right now, because soon many of us may join them.

The following are 25 unemployment statistics that are almost too depressing to read….

#1 According to the Bureau of Labor Statistics, the U.S. unemployment rate for November was 9.8 percent. This was up from 9.6 percent in October, and it continues a trend of depressingly high unemployment rates. The official unemployment number has been at 9.5 percent or higher for well over a year at this point.

#2 In November 2006, the “official” U.S. unemployment rate was just 4.5 percent.

#3 Most economists had been expecting the U.S. economy to add about 150,000 jobs in November. Instead, it only added 39,000.

#4 In the United States today, there are over 15 million people who are “officially” considered to be unemployed for statistical purposes. But everyone knows that the “real” number is even much larger than that.

#5 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#6 The number of “persons not in the labor force” in the United States recently set another new all-time record.

#7 It now takes the average unemployed American over 33 weeks to find a job.

#8 When you throw in “discouraged workers” and “underemployed workers”, the “real” unemployment rate in the state of California is actually about 22 percent.

#9 In America today there are not nearly enough jobs for everyone. In fact, there are now approximately 5 unemployed Americans for every single job opening.

#10 According to The New York Times, Americans that have been unemployed for five weeks or less are three times more likely to find a new job in the coming month than Americans that have been unemployed for over a year.

#11 The U.S. economy would need to create 235,120 new jobs a month to get the unemployment rate down to pre-recession levels by 2016. Does anyone think that there is even a prayer that is going to happen?

#12 There are 9 million Americans that are working part-time for “economic reasons”. In other words, those Americans would gladly take full-time jobs if they could get them, but all they have been able to find is part-time work.

#13 In 2009, total wages, median wages, and average wages all declined in the United States.

#14 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941.

#15 The United States has lost at least 7.5 million jobs since the recession began.

#16 Today, only about 40 percent of Ford Motor Company’s 178,000 workers are employed in North America, and a big percentage of those jobs are in Canada and Mexico.

#17 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.

#18 Earlier this year, one poll found that 28% of all American households had at least one member that was looking for a full-time job.

#19 In the United States today, over 18,000 parking lot attendants have college degrees.

#20 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#21 As the employment situation continues to stagnate, millions of American families have decided to cut back on things such as insurance coverage. For example, the percentage of American households that have life insurance coverage is at its lowest level in 50 years.

#22 Unless Congress acts, and there is no indication that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next couple of months.

#23 A poll that was released by the Pew Research Center back in June discovered that an astounding 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the economic downturn began.

#24 According to Richard McCormack, the United States has lost over 42,000 factories (and counting) since 2001.

#25 In the United States today, 317,000 waiters and waitresses have college degrees.

But this is what we get for creating the biggest debt bubble in the history of the world. For decades we have been digging a deeper hole for ourselves by going into increasingly larger amounts of debt. In America today, our entire economy is based on debt. Even our money is debt. We were fools if we ever thought this could go on forever. Just think about it. Have you ever gone out and run up a bunch of debt? It can be a lot of fun sitting behind the wheel of a new car, running your credit cards up to the limit and buying a beautiful big house that you cannot afford. But in the end what happens? It always catches up with you. Well, our collective debt is starting to catch up with us. There is a sea of red ink on every level of American society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’

Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!" 11-25-10 ‘The U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."Results of the midterm election show "the people of this country think we are in a catastrophe," he says. "I'm with them."Check the accompanying video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at [email protected]’

Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘

17 Things Worrying Investors Lloyd's Wall of Worry

Worry Count: 17

CHINA: 1,330,044,605 people can’t be wrong.

The PIIGS: Fasten your seatbelts. It’s gonna be a long, bumpy, expensive, weird, (insert your own adjective here) freak show of a ride.

CALIFORNIA AND THE OTHER 49 STATES: Not yet as dire as “The PIIGS”. Might I suggest the classier moniker of “The Prosciuttos” for the American basket-case states?

QE II: Gobble?

U.S. ECONOMY: The “Punky Brewster” of the global economic landscape.

UNEMPLOYMENT: Only thing worse than losing your job, losing your unemployment check. At least there’s the holiday season to cheer everyone up (read: heavy sarcasm).

TAXES: Praying to the Financial Market Gods that we don’t have another TARP-like vote fiasco.

OBAMA ADMINISTRATION PART II: Still two years before the Pres. election and the peanut gallery is already pleading for a Hail Mary Pass to get them back in the game.

HFT: Instead of beating up these liquidity supplying traders, let’s honor them with their very own stock exchange. But wait -- with no retail saps to pick-off they will never get that Day 1 opening bell tick. Perfect.

XMAS 2010: As my professor friend Nick says, “Nowadays Americans are dining off of two menus – The Million Dollar and the $0.99 Cent.” And both are pissed about it.

CURRENCIES: Poor Mr. Greenback. Does someone need a hug?

HOUSING CRISIS: Price Stabilization – Are we there yet? Just a little bit more. Are we there yet? Just a little bit more. Are we there yet? Just a little bit more….

INFLATION/DEFLATION: Fed Chief Ben B. comes out swinging from his heels in defense of inflation promotion. Don’t punch yourself out as this one is likely to go the distance.

COMMODITIES: Corrected but still sky high; fortunately these prices are only affecting core, basic, life-sustaining necessities and sparing our electronic gadgets and plus-sized SUVs. Whew!

INSIDER TRADING: Another black eye for Hedge Funds. I estimate that makes black eye number 6,597.

INTEREST RATES: South Korea and China slowly turning up the dial to “11”. On the other hand the U.S. has removed the dial altogether. This never ends well….

NORTH KOREA: Here we go again. (and now Egypt, etc.)

Consumer confidence down, LiveLeak.com - Loonie closes above U.S. dollar … dollar for first time closes below parity on Canadian loonie … hey, hey, hey … 'Huge' stock decline — but not yet MarketWatch - Brimelow ‘Commentary: Adens … ‘mega trend’ looks grim … The Adens expect a hyperinflationary collapse … ‘ Oh come on! Manipulated dollar decline with inflated earnings, stock prices thereby, etc., … we’ve seen this all before … the last few crashes … Jobless rate jumps to 9.8% as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s been thrown under the bus for the greater good (wealth) of the very few (frauds on wall street, etc.); wall street giving out record bonuses from their accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION: Come on! This is gettin’ even more downright ridiculous (if that’s even possible)! Pending home foreclosure / distress sales up, oil prices (and oil stocks) up, debased dollar down, plus a little familiar ‘better than expected’ thrown in along with prospects of a ‘no-recession bernanke’ market-frothing bull session on 60 minutes and, voila, suckers’ rally into the close to keep the suckers suckered! What’s good for the frauds on wall street is bad for just about everyone else which includes the vast majority of people and businesses, domestically and globally, as current dollar manipulation / debasement ultimately results in higher costs and loss of purchasing power (ie., oil, etc.). Clearly, this is one of those fraudulent wealth transfers to the frauds on wall street et als which will ultimately be paid for by those who least are in a position to afford it, courtesy of the ever more worthless Weimar dollar, etc., inflating earnings, eps, lowering p/e multiples, etc., see infra. This is an especially great time to sell / take profits while you can since there's much worse to come! Previous: Rosy numbers on consumer sentiment, unemployment (far better than private forecasts) from the government prior to the holiday so-called ‘shop till you drop’? How can anyone believe anything they say? Najerian interviewed by Motek chimes in with the reason for good retail cheer; viz., people have stopped paying their mortgages and are using the funds to purchase retail goods; while Davidowitz adds that with record numbers of americans on food stamps, real unemployment at 17+, and wall street giving out record bonuses from their accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION … the high end stores / jewelers will do well … daaaaah! And, with insiders and wall street frauds selling into the bubble as preceded last crash, this is an especially great opportunity to sell / take profits! Suckers’ rally on light volume, full moon, and government complicity (false data / reports) to keep suckers suckered (easy for the wall street frauds to do with just a mouse click / push of the button – and, they know all those technical trade lines that are easy to program in this current phase of the scam/fraud with the debased dollar). Keep in mind, the totally mindless blather from the ‘cottage industries’ of and fraudulent wall street itself in talking up lower P/E multiples when the same is a direct result of the debasement of the dollar and the consequent manipulation / translation (not real, see Davis, infra) which preceded the financial crisis / last crash. Unemployment, trade, deficit, etc., numbers continue decidedly worse than expected along with other negative data (and in the ‘wrong direction’, that spin accorded ‘down but not as bad as before’ b*** s*** ) yet the market has rallied like no tomorrow with used home foreclosure / distressed sales, though abated owing to ‘foreclosuregate’, the other ‘heralded’ good news. Moreover, the dumbo lemmings of Europe have jumped on the fraudulent defacto bankrupt american crazy train propelled to the precipice also as if no tomorrow. This is about keeping the suckers sucked in with the help of a market-frothing pre-election debased dollar for favorable currency translation and paper (but not real when measured in, ie., gold, etc.) profits which preceded the last crisis, inflating a bubble as in the last crisis to facilitate the churn-and-earn, particularly with computerized (and high frequency) trades and which commissions they’ll get again on the way down. There is nothing to support these overbought stock prices, fundamentally or otherwise. These are desperate criminals ‘at work’. Even wall street shill, the senile Buffett is saying we’re still in a recession (depression) [ Davis: ‘… all profits are inflated by 10% (from falling, debased dollar) and that 10% is the E that gets divided from the P and gives us a much better price/multiple to hang our hats on and that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall street b.s. when measured in gold ] This is a great opportunity to sell / take profits (these lower dollar, hyperinflationary currency manipulations / translations to froth paper stocks will end quite badly as in last crash)! This is a global depression. This is a secular bear market in a global depression. The past up moves were manipulated bull (s***) cycles (at best) 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 ‘programmed computerized high-frequency churn and earn pass the hot potato scam / fraud as in prior crashes ( widely reported, high-frequency trading routinely accounts for more than 50% of daily U.S. equity trading volume and regularly approaches 70%. )’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed.The Stock Market's Long Decline Has Begun Smith ]

National / World

Bush nixes Denver visit, citing invite to Assange [ The best thing that’s happened to Denver for quite some time; after all, it’s doubtful that war criminals have suddenly become fashionable, particularly dumb, burnt out morons as dumbya bush. ](AP)

Infowars.com Takes 1st Place in Alternative News Rating Infowars.com | Alex Jones’ other flagship website, Prison Planet.com, came in the number eight spot on the list.

New Google Algorithm is Live: News Aggregators Will Be Punished Eric Blair & Michael Edwards | We can only conclude that they have begun to wage war on alternative news sites.

Neocon Analysts Push for Invasion of Libya Kurt Nimmo | Obama and Secretary of State Clinton are busy building the required attack consensus.

Glenn Beck’s Secret TheAlexJonesChannel | The truth Beck doesn’t want you to know.

Bankster Economist Heralds Third World Hellholes Kurt Nimmo | Mega-bank Citigroup has trotted out its prime economist to send the message.

Rumsfeld doesn’t have the answers (video) Infowars | Rumsfeld couldn’t answer Mancow’s question about WTC 7 but he also couldn’t give an answer on the Opie and Anthony show.

US military ‘fully involved’ in talks on Libya options Agence France-Presse | “The military is fully involved in these discussions.”

Democrat Urges Union Protesters to Get “Bloody” Politico | Political observers have been the lookout for potentially incendiary rhetoric in the wake of the shooting in Tucson.

Neocon Analysts Push for Invasion of Libya CNN reports the Pentagon and NATO are ready to send troops into Libya under the cover of humanitarian assistance. CNN underscores the situation by stating that reports say Gaddafi will fight to the end and will seek martyrdom.

Libyan rebels say control oil fields, honour deals Rebels in eastern Libya said on Friday they now controlled most of the oil fields east of the town of Ras Lanuf, and said they would honour oil deals as long as they were in the interest of the people.

Bankster Economist Heralds Third World Hellholes The banksters are making it known. You’re going to be a pauper. The mega-bank Citigroup has trotted out its prime economist to send the message.

Madison Mayor, Police Chief Demand Explanation Over Walker Suggestion To Infiltrate Wisconsin Protests The Mayor and the police chief of Madison, Wisconsin have both asked Governor Scott Walker to explain comments he made indicating that he had considered employing “troublemakers” to infiltrate and discredit the Wisconsin protests.

Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama. Wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having been elected under false pretenses; viz., his total, unequivocal, and unfulfilled b* s* (those campaign promises) ! Moreover, there has been some persuasive documentation questioning wobama’s citizenship / birthplace placing his eligibility to hold the office of president in question. ] Amidst the controversy of his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little time in confronting President Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business and labor leaders to the White House and “challenged” them to come up with some great ideas for creating more jobs inside the United States.

Trends Journal Predicted Global Anti-Gov’t Protests: What’s Next? It is a matter of record! The spate of seething, youth-inspired Middle East uprisings that are toppling governments, reshaping the geopolitical landscape and roiling world markets blindsided the world’s intelligence community.

Drudgereport: Gaddafi militia open fire on protesters...
UK paying 'bribes' to free trapped citizens...
Gaddafi offers $400 per family as rebels close in...
'Dance, sing and get ready'...
WILL NATO INTERVENE?
American Ferry From Libya Finally Arrives in Malta... USA WILL DROP TO WORLD'S '3RD LARGEST ECONOMY'... OBAMA GIVEN 'IMPEACHMENT' WARNING... Obama signs temporary extension of Patriot Act... [ ‘Wobama the b’ (for b*** s***) ] ...RAILED AGAINST DURING CAMPAIGN OH NO, HUFFPO: GOOGLE ALGORITHM CHANGE HITS 12% OF SEARCH RESULTS... Bush Nixes Denver Visit, Citing Invite To Assange...GADDAFI SHOT?
Libyan uprising closes round Tripoli... Crude breaches $119 in frantic trading...
CA Gas Station: $4.51 Gallon... Feds: Food prices set to jump 3.5%...
'Extreme'... Swiss franc touches record peak against dollar... California's $800K city manager leaves court on gurney… [California’s extreme in this regard as I noted to a college instructor on coming out here, but aren’t they all overpaid, state and federal; indeed, these career gov’t ees have made over-priced gov’t jobs career goals of themselves which even three decades ago was unheard of other than as a sacrifice of earning power- definitely part of the problem – the overpaid, overpriced, overvalued bureaucrats. ] ...$100.00 HIGHEST SINCE 2008
Saudi's $36 billion bid to beat unrest... King offers financial package as opposition calls 'day of rage'...
Nervous China puts security apparatus into overdrive...

Gaddafi loses more Libyan cities...
FORCES DEFY ORDERS...
WH: Obama's 9-Day Silence Due To 'Scheduling Issue'...
Gaddafi relatives fleeing Libya?
State Dept tries to evacuate Americans by boat...
Turkey launches biggest ever evacuation...
AL-JAZEERA LIVE FEED... REUTERS WIRE...OIL PRICE JUMPS 8.5% IN A DAYBig Stock Sell Off... Home Prices Hit Post-Bust Lows in Major Cities...
$4 Gasoline? Yes in California...
Highest Gas Prices in February Since 1990... Iranian warships sail through Suez Canal for first time since 1979...

REPORT: Gaddafi orders sabotage of oil facilities...
Defies revolt with tanks, planes...
In rambling speech, blames 'tyranny of US,' free drugs for youth...
VIDEO: 'I Will Be A Martyr At The End' …(sounds more like an american hero every day; a martyr for himself!) ...
WH: Nothing to say on Libya...
MUSLIM BROS: KILL GADDAFI...
Intelligence agency 'jamming' TV signals...
Witnesses report bodies in streets...
Oil industry worries unrest could spread...
Russia blames GOOGLE for stirring unrest...
Medvedev sees 'fires for decades' in Arab world...
AL-JAZEERA LIVE FEED... REUTERS WIRE...GADDAFI FLEES TRIPOLIUK Foreign Sec: Gaddafi headed to Venezuela...
Chavez gov't denies...
Muslim leaders order followers to rebel...
Tribe threatens to cut oil exports...
REPORT: Military jets attack protesters in Tripoli...
Two pilots refuse, fly to Malta, defect...
Oil companies move staff...
U.S. military chief visits Gulf to urge restraint...
Khamenei: America must be removed from Islamic world...
AL-JAZEERA LIVE FEED... REUTERS WIRE...ON THE BRINK!Qaddafi's son warns of civil war...
Tribe threatens to cut oil exports...
Unrest in Iran, Algeria, Yemen, Morocco, China [and Wisconsin]...
U.S. military chief visits Gulf, to urge restraint... Michelle Obama, Daughters Hit the Slopes on Ski Vacation ...
Vail...
Bidens vacation on Fla Keys...
FLASHBACK: Obama on tough economy: 'You might put off a vacation'...
'Everyone must sacrifice'... RASMUSSEN: OBAMA APPROVAL SLIPS BACK TO 44%... Gov't shutdown threat looms over budget fight...
Geithner Criticizes Spending Cuts...
SANTELLI: BUDGET CRISIS IS NEXT 9/11...

Gas prices skyrocket; up 55 cents from year ago...
Oil prices surge; Brent crude hits 2 1/2-year high...

GALLUP: Number of Solidly Democratic States Cut in Half From '08 to '10... American Held in Pakistan Worked for CIA... Egypt's activists skeptical about army intentions...
...ask West to guarantee reform Wounded Iraq veteran jeered for speaking in Columbia University...
Sen. John Kerry attacked by anti-war protesters... Reporter, camerawoman attacked by black mob... in California
WISC UNIONS OFFER CONCESSIONS
Gov. Walker Says No...
Dem Sen: We'll Stay Away For Weeks...
Court Rejects Madison School Effort to Get 'Sick' Teachers Back to Work...
Fake Doctor's Notes Being Handed Out at Union Rally...
VIDEO: 'Everybody is sick -- of Scott Walker'...
Thousands Pack Capitol Grounds...

Libya: Snipers shoot mourners, killing 15...
REPORT: 120 dead... U.S. Warship Tracking Yacht Hijacked by Somali Pirates... [ I realize there are ‘laws of the sea’ / codified bodies of law within that broad yet very specific category called ‘maritime law’, none of which I know nor care to know (I’ll content myself to knowing and seeing to the enforcement of american law as pertains to me; viz., RICO http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further believe that open season on them including using their boats in the water for target practice makes sense and certainly is morally justified. I’m tired of hearing about those little weasels … you know, ‘the skinnies’. ]

Some now question U.S. deal that brought Gaddafi back into diplomatic fold (Washington Post) [ Oh, come on! At this point in pervasively corrupt, defacto bankrupt america’s intractable decline, naivity becomes no one! …Money, oil, arms change hands and no one’s the wiser … and those few are again substantially richer … it’s the fatally tragic ‘american tale’… Arms deals still made amid Middle East crackdowns (Washington Post) You bet your bippy … a raison d’etre, so to speak. ]ABU DHABI, UNITED ARAB EMIRATES - As Libya's Moammar Gaddafi ordered attacks on his own people this week, thousands of arms sellers from the United States and other countries hawked their aircraft, riot gear and rifles to Middle Eastern buyers at the Persian Gulf's preeminent arms show.

Julian Assange must be extradited to Sweden (Washington Post) [ Julian Assange to be extradited to Sweden Infowars.com [ No surprise here. As I’ve previously written, I’m against the censorship since one always, in the final analysis, must discern truth from falsehood, information from disinformation, reality from propaganda. In truth, I found it somewhat shocking and more than surprising that of all places ‘to escape to’, Assange chose Orwellian england, puppet to the u.s. and guarantor of servility to u.s./zionist interests, such is their own desperate circumstances. What was he thinking? ] WikiLeaks founder Julian Assange is to be extradited to Sweden to face allegations of rape and sexual assault. Assange will appeal, his legal team confirmed. If this is unsuccessful, he will be extradited to Sweden in 10 days. ] LONDON - Britain will honor Sweden's request to extradite WikiLeaks founder Julian Assange to face sex-crime allegations, a British judge ruled Thursday.

Oil prices on the rise (Washington Post) [ And except when and for fraudulent / false / manipulated data, everything else down, dirty, and dismal: AP Business Highlights: February 24, 2011, ‘New-home sales in January drop 12.6 pct WASHINGTON (AP) -- Sales of new homes fell significantly in January, a dismal sign after the worst year for that sector in nearly a half-century.New-home sales dropped to a seasonally adjusted rate of 284,000 homes last month, the Commerce Department said Thursday. That's down from 325,000 in December and less than half the 600,000-a-year pace that economists view as healthy…’ (Washington Post) New-home sales fell more than forecast / FHFA: Home prices fell in fourth quarter Pro-government forces, rebels engage in battles for territory (Washington Post) [ The big story here, lost on mainstream media, was the manipulated stock / oil price fraud based upon false rumor of daffy gaddafi not ducking and having been shot. Remember: there’s no place for reality in pervasively corrupt, defacto bankrupt america and on fraudulent wall street particularly. STOCKS MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO BE FALSE TWITTER RUMOR! [ Don’t be surprised if the frauds on wall street initiated the rumors; their fraudulent manipulations have included far worse … put them in jail where they belong, with fines, disgorgement! ( ‘…an apparently Twitter-borne rumor started making the rounds that Qaddafi had been shot! There was no basis for it, but oil simply collapsed…’ ) ] Weisenthal, On Thursday February 24, 2011 Thank Twitter-borne rumors of Qaddafi's death for the fact that markets totally didn't get crushed today…’ ] Militiamen, mercenaries hit cities near capital while protesters seized air force base; U.S., other Western powers consider responses to situation. Gaddafi loyalists launch counterattacks ] Crude prices broke through the $100-a-barrel threshold as violence in Libya continued to shake markets.

Senate Democrats draft cuts in domestic agency budgets (Washington Post) [ Do these ‘too little, too late’ so-called cuts purport to make the nation ‘less bankrupt’? There’s no such thing … absolutely preposterous! And, Kotlikoff thinks so as well, see immediately hereafter… ] The plan will involve accelerating some of the $33 billion in program terminations and reductions included in Obama's proposed budget for next year.

When Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff ( Today in the WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011

Feb. 23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today.

Matter of Language

This is no surprise. The math of economics rules out an absolute measure of the deficit, just like the math of physics rules out an absolute measure of time.

Bottom Line

Repealing Cuts

Politics Triumphs

--Editors: James Greiff, Steven Gittelson

Pro-government forces, rebels engage in battles for territory (Washington Post) [ The big story here, lost on mainstream media, was the manipulated stock / oil price fraud based upon false rumor of daffy gaddafi not ducking and having been shot. Remember: there’s no place for reality in pervasively corrupt, defacto bankrupt america and on fraudulent wall street particularly. STOCKS MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO BE FALSE TWITTER RUMOR! [ Don’t be surprised if the frauds on wall street initiated the rumors; their fraudulent manipulations have included far worse … put them in jail where they belong, with fines, disgorgement! ( ‘…an apparently Twitter-borne rumor started making the rounds that Qaddafi had been shot! There was no basis for it, but oil simply collapsed…’ ) ] Weisenthal, On Thursday February 24, 2011 Thank Twitter-borne rumors of Qaddafi's death for the fact that markets totally didn't get crushed today…’ ] Militiamen, mercenaries hit cities near capital while protesters seized air force base; U.S., other Western powers consider responses to situation. Gaddafi loyalists launch counterattacks ] Crude prices broke through the $100-a-barrel threshold as violence in Libya continued to shake markets.

STOCKS MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO BE FALSE TWITTER RUMOR! [ Don’t be surprised if the frauds on wall street initiated the rumors; their fraudulent manipulations have included far worse … put them in jail where they belong, with fines, disgorgement! ( ‘…an apparently Twitter-borne rumor started making the rounds that Qaddafi had been shot! There was no basis for it, but oil simply collapsed…’ ) ] Weisenthal, On Thursday February 24, 2011

Thank Twitter-borne rumors of Qaddafi's death for the fact that markets totally didn't get crushed today.

But first, the scoreboard:

Dow: -39.13
NASDAQ: +16.16
S&P 500: -1.03

And now, the top stories:

The "day" really started around 2:00 AM ET, when oil exploded higher in London trading. It was a vicious move, which sent instantly sent US futures sharply lower. The dollar got clubbed as well.

(Rewinding for a moment, it was a generally bad day in Asia, with India, once again, taking the most abuse).

Other than the fact that generally markets were down, Europe was fairly quiet.

In the US the talk was oil, oil, oil. Everyone had something to say the impact of rising oil on the US economy, and the effect it would have on the consumer. Qaddafi spoke pre-market and sounded insane again.

Futures were clearly lower in the very early going. Mediocre earnings from Target and GM didn't help at all. But then a strong initial claims report did help modestly.

Still, stocks were down all day until just after 2:00 PM ET, when an apparently Twitter-borne rumor started making the rounds that Qaddafi had been shot! There was no basis for it, but oil simply collapsed. It helped that around the same time there was talk of the US cracking open its Strategic Petroleum Reserve. Markets turned around violently on the news. Gold and silver slid as well.

And that was basically it.

Think inflation is going to be a major problem? Click here for 10 companies that will do great if inflation skyrockets >‘

February 22, 2011: Mohamed A. El-Erian, CEO PIMCO predicts a period of, at best, stagflation; which of course is bad for stocks (and worse).

That House You Bought 10 Years Ago Is Worth Exactly The Same Now As It Was Then Depew ‘The chart below shows the median price for existing homes, which is down 3.7 percent year-over-year to $158,000. Some interesting things to note about this:

1) While existing home sales increased 2.7 percent, the percent of home sales which were distressed rose to 37 percent, an incredible amount if you stop to think about it.
2) Also, 32 percent of the existing home sales transactions were for cash.
3) Oh, and if you were thinking that the housing bubble collapse has exterminated all speculative activity in the housing market, consider that 23 percent of all sales went to buyers classified as "investors."
4) Finally, while the inventory of existing homes available declined to a little less than 8 months' worth at the current pace of sales, if you factor in the high percentage of distressed sales along with the fact that the National Realtors' Survey doesn't account for inventory listed by banks and private agents... well, you can see where this is headed. [chart]’

The U.S. Dollar Is No Longer a Safe Haven Daily Trader ‘The winds of change appear to be blowing! Some 6 months ago when world financial markets took fright, the average punter would rush headlong into the safety of the USD and US Treasuries.However, something different is now playing out. The USD has been broadly weaker against the "average" paper currency in the world. Yes that is correct, the USD has done rather badly against other currencies since the Egyptian crisis took hold. Over the last few days whilst the Libyan drama has progressed into a full blown crisis and perhaps a prelude to civil war, the USD has again depreciated against a broad basket of currencies. Note the behavior of our Proprietary Currency Index below (16 currencies against the USD). It is only a few "pips" away from breaking to a multi-month high. [chart]Now what if we do see the index above break to a new high and the USD Index to a multi-month low? What would be the implications for other markets like equities, commodities and Treasuries?As far as commodities go it does not take a rocket scientist to work that one out. I don't think a break in the USD would be very supportive for higher US Treasury prices.........after all when have rapidly rising commodity prices been positive for Treasuries?As for equities, well I think it is going to be highly dependent on which sectors you are in. I find it difficult to believe that commodity sensitive sectors like basic materials and energy would weaken. With correlations across stocks breaking down I think the coming months will be very favorable to diligent inflation-oriented stock pickers.’

Stocks Slide as Key Moving Averages Fail to Hold Suttmeier ‘…The ValuEngine Valuation Warning was at an extreme last Friday, and technicals were overbought on daily charts.
The 10-Year Yield -- (3.489) This yield tested its 50-day simple moving average at 3.446 on Wednesday after holding my weekly pivot at 3.529. The 200-day simple moving average is 3.007.
Comex Gold -- ($1410.8) Tested $1417.5 this morning above my monthly risky level at $1412.4. Gold is now overbought on its daily chart with the 50-day at $1373.5 and quarterly and semiannual risky levels at $1441.7 and $1452.6.
Nymex Crude Oil -- ($98.48) Tested the $103.41 this morning above my annual pivots at $99.91 and $101.92. My monthly pivot is $91.83 with semiannual and quarterly risky levels $107.14 and $110.87.
The Euro -- (1.3747) The 50-day is 1.3416 with my weekly risky level at 1.3868.
ValuEngine Valuation Warning -- A ValuEngine Valuation Warning occurs when more than 65% of all stocks in the ValuEngine universe are calculated to be overvalued. On Friday 68.6% of all stocks were overvalued, which was the highest of the year. Today 61.2% of all stocks are overvalued.
The Technical Warning -- All major equity averages ended last week with extremely overbought conditions noted on their weekly charts. This week’s weakness will keep all weekly charts overbought with the exception of Dow Transports, which has declining weekly MOJO.

We are below all of this week’s pivots; 12,401 Dow Industrials, 1345.0 SPX, 2831 NASDAQ, 2405.1 NDX, 414.82 Utilities, 5241 Dow Transports, and 815.37 Russell 1000 and 483.39 SOX.

Key Levels for the Major Equity Averages

The Dow Industrial Average (12,106) -- Closes below the 21-day simple moving average at 12,134 targets the 50-day at 11,851. My monthly value level is 11,759 with daily and weekly risky levels at 12,257 and 12,401.
The S&P 500 (1307.4) -- Closes below the 21-day simple moving average at 1314 targets the 50-day at 1286. My quarterly value level is 1262.5 with daily and weekly risky levels at 1331.3 and 1345.0.
The NASDAQ (2723) -- Given a close below the 50-day simple moving average at 2721 the risk is to my monthly value level at 2611. Daily, weekly, and quarterly risky levels are 2793, 2831 and 2853.
The NASDAQ 100 (NDX) (2301) -- Given a close below the 50-day simple moving average at 2293 the risk is to my monthly value level at 2234.7. Daily, weekly, and quarterly risky levels at 2360.00, 2405.10 and 2438.3.
Dow Transports (4986) -- Closes below the 50-day simple moving averages are 5130 indicated risk to my monthly pivot at 4962, which was tested on Wednesday. My quarterly value level is 4671 with my annual pivot at 5179 and weekly pivot at 5241. A close this week below the five-week modified moving average at 5098 shifts the weekly chart profile to negative.
The Russell 2000 (799.64) -- Tested its 50-day simple moving average at 795.71 with this week’s pivot at 815.37. My quarterly value level is 765.50 with my weekly pivot at 815.37 and daily risky level at 836.03.
The Philadelphia Semiconductor Index (SOX) (444.27) -- Is approaching its 50-day simple moving 436.31. My monthly value level is 398.44 with a quarterly risky level at 465.93.

More Bad News on Housing -- Existing Home Sales rose in January, but the increase was led by rising foreclosures and all-cash buyers. According to the National Association of Realtors prices home prices slumped to a nine-year low. Foreclosure sales accounted for 37% of the seasonally adjusted annual rate of 5.36 million homes. Another 32% were sold in all-cash transactions. The decline in home prices was 3.7% year over year.Housing problems include tighter lending standards including a larger down payment, and higher mortgage rates. The potential inventory of existing homes remains quite high and banks have been slow to foreclose. High unemployment is still cited as an issue.
Some Key Points From the FDIC Quarterly Banking Profile for the Fourth Quarter of 2010

The FDIC List of Problem Banks rose by 24 to 884 from 860, which is 11.5% of the 7,657 FDIC-insured financial institutions.
Loan balances fell by $51.8 billion in the fourth quarter on loan write-downs, payoffs, and the slow generation of new loans.
The Deposit Insurance Fund (DIF) narrowed its deficit to $7.4 billion from $8.0 billion. The total cost of bank failures through 2013 is projected to about $100 billion.

Libya’s Turmoil Leads to Highest February Gas Prices in 21 Years ABC News | Crude oil touched nearly $102 a barrel in Asia this morning amid fears that Libya could halt exports.

IMF Austerity Measures Lead to Violent Riots in Greece AFP | The confrontation occurred near the finance ministry.

Jobless youths trigger concerns in UK Press TV | A drought of entry-level jobs means door to work is closed to many young people.

Crude breaches $119 in frantic trading Brent crude had breached $119 a barrel during a period of frantic trading around 0745 GMT as industrial needs were hedged and traders exploited an explosion of upside momentum.

Stagflation 2011: Why It Is Here And Why It Is Going To Be Very Painful Are you ready for an economy that has high inflation and high unemployment at the same time? Well, welcome to “Stagflation 2011″. Stagflation exists when inflation and unemployment are both at high levels at the same time.

Oil Is Making Another Gigantic Move, And Now US Futures Are Getting Hammered Crude is having another huge. Brent is near $120. WTI is over $101. The spike happened right when London trading open.

Socialism Gone Apes**t: Obama Wants To Use Proceeds From $20 Billion Fraudclosure Settlement To Reduce Underwater Mortgages [ Yet he still reneges on his promise to prosecute the wall street frauds. ] Ever wonder why the banks have been stowing away cash as if in anticipation of a torrential rainy day?

ECONOMIC CRISIS ARCHIVE

National / World

Media Demonizes Gaddafi as Pentagon Prepares Attack Kurt Nimmo | Pentagon has announced it is looking at “all options.”

SPLC Report Lumps In We Are Change With Neo-Nazis, KKK Steve Watson | Suggets that grassroots citizen journalist group has “driven people to murder.”

Gas Prices Set to Rise Nearly 40 Cents in Coming Days Kurt Nimmo | Saudi Arabia in talks to boost oil production as situation in Libya deteriorates.

Exclusive Interview: Charlie Sheen To Appear On The Alex Jones Show 2PM EST Paul Joseph Watson | Actor to set the record straight on exaggerations, misinformation and outright falsehoods concerning his private life and career.

Big Brother: The Orwellian Nightmare Come True Mark Dice | Tremendous advances in technology often come unforeseen consequences.

Media Demonizes Gaddafi as Pentagon Prepares Attack As we reported yesterday, the United States has specific instructions to intervene militarily in Libya under the cover of providing humanitarian assistance. Less than 24 hours after our report, the Pentagon has announced it is looking at “all options” in dealing with the Libyan crisis. In short, it is drawing up plans to intervene.

Charlie Sheen Unleashes On TSA Actor Charlie Sheen unleashed on the TSA during a wild radio interview on The Alex Jones Show today, raging that he would eat the hands of any TSA worker who tried to touch his children, in response to the story that TSA agents harassed travelers and groped children in Savannah train station earlier this month after the passengers had left the train.

Gas Prices Set to Rise Nearly 40 Cents in Coming Days Earlier this week, market analysts warned that the price of gas may reach $5 by the end of summer. Now they are saying we could see that price by Memorial Day as the situation in Libya deteriorates.

SPLC Report Lumps In We Are Change With Neo-Nazis, KKK The Southern Poverty Law Center has a history of declaring any protest group it sees as “anti-government” as an “extremist” hate group, without justification. Today it continues that trend with the publication of a report that throws in We Are Change members nationwide with racist Neo Nazi groups and Ku Klux Klan factions.

Governor Walker: “We Thought About” Infiltrating Wisconsin Protesters With Troublemakers During a prank phone call in which he believed he was talking to billionaire philanthropist David Koch, Wisconsin Governor Scott Walker admitted that state authorities had “thought about” using troublemakers to infiltrate the crowds demonstrating against his effort to eliminate collective bargaining rights, proving once again that the use of agent provocateurs to discredit legitimate protesters is a common political ploy.

FLASHBACK: Gaddafi – Obama Is Friend, Black Man From Our Continent Of Arab Descent He said, “Now, ruling America is a black man from our continent, an African from Arab descent, from Muslim descent, and this is something we never imagined – that from Reagan we would get to Barakeh Obama.”

Julian Assange to be extradited to Sweden [ No surprise here. As I’ve previously written, I’m against the censorship since one always, in the final analysis, must discern truth from falsehood, information from disinformation, reality from propaganda. In truth, I found it somewhat shocking and more than surprising that of all places ‘to escape to’, Assange chose Orwellian england, puppet to the u.s. and guarantor of servility to u.s./zionist interests, such is their own desperate circumstances. What was he thinking? ] WikiLeaks founder Julian Assange is to be extradited to Sweden to face allegations of rape and sexual assault. Assange will appeal, his legal team confirmed. If this is unsuccessful, he will be extradited to Sweden in 10 days.

Drudgereport: GADDAFI SHOT?
Libyan uprising closes round Tripoli... Crude breaches $119 in frantic trading...
CA Gas Station: $4.51 Gallon... Feds: Food prices set to jump 3.5%...
'Extreme'... Swiss franc touches record peak against dollar... California's $800K city manager leaves court on gurney… [California’s extreme in this regard as I noted to a college instructor on coming out here, but aren’t they all overpaid, state and federal; indeed, these career gov’t ees have made over-priced gov’t jobs career goals of themselves which even three decades ago was unheard of other than as a sacrifice of earning power- definitely part of the problem – the overpaid, overpriced, overvalued bureaucrats. ] ...$100.00 HIGHEST SINCE 2008
Saudi's $36 billion bid to beat unrest... King offers financial package as opposition calls 'day of rage'...
Nervous China puts security apparatus into overdrive...

Gas prices skyrocket; up 55 cents from year ago...
Oil prices surge; Brent crude hits 2 1/2-year high...

Ethics code urged for Supreme Court (Washington Post) [ Sounds like a plan! Come on! Wake up! After all, what can you expect from two guidos from ‘jersey (alito and scalia, colloquial – note that I have refrained from using what some might consider disparaging terms as w*p*, gui***s, or da***s … and let me state for the record that I truly loved and respected my grandmother who was 100% Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with greek ancestral roots and thereby claim standing/right to posit the criticism in light of my direct experience. ). How ‘bout starting with enforcing laws as to judges, liars, etc., within the very corrupted american illegal system; and, particularly bribes which in one form or another are rampant . I don’t know about Thomas, but I do know about alito and ‘jersey … : October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

16 miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they … with a microscope at that. Saudis Worried Protests Will Hit Home - saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so For the sake of the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect; far less than democratic and far more deadly in the mideast among other places; talk about hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation as the saudis; time for the saudis to go the way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video: Bahrain protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. [SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' [ Sounds like they’re hearing footsteps…Previous:Egyptian capital teeters on anarchy Mubarak asks cabinet to resign as anti-regime protests intensify (Washington Post) [ Mubarak should have been looking in the mirror as he asked his cabinet to resign … 30 years is a long time, and coincidentally, time for him to go. In Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree! Part of the internet didn’t die, but rather the order to so darken the nation heralded the demise, at 30 years and counting, of the so-called leadership in the persona of Mubarak. Time for him to go! After all, he’s been in a position, with Egypt among the only Mideast nations to have signed a peace treaty with israel, to have stepped up with substantial credibility in taking a strong position against israeli transgressions, violations of international law / u.n. resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And, of all places, he sends his family to Orwellian england; he still loves those colonial masters … how pathetic. I mean, 30 years … how free-flowing does anyone think the election process is at this point … and one could ask the same regarding the entrenched powers that be in pervasively corrupt, defacto bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so. The only Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course the perennially propaganda painted bad-boy Iran among possibly some of the smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding these other nations). ] (AP) Internet cutoff fails to silence Egypt protests (AP) - ]

]

A steep challenge for Arab world (Washington Post) [ I’m sure the rest of the defacto bankrupt world would love to have the lagging problem of the Arab nations of rich real assets as opposed to the fake fraudulent worthless paper assets the so-called ‘rest of the world’ is ‘sporting’. Economist: United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics professor at Boston University. He says the Treasury and the government are fudging the national debt numbers. Kotlikoff says the United States is bankrupt and we don’t even know it. Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!" 11-25-10 ‘The U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."Results of the midterm election show "the people of this country think we are in a catastrophe," he says. "I'm with them."Check the accompanying video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at [email protected]’ Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
] Despite the rich resources in the region, Arab nations lag behind rest of world economically.

Economic forecast (Washington Post) [ And you can take that to your local insolvent bank…or not even your local insolvent bank; but rather, your non-local insolvent bank that’s still carrying the toxic assets/paper/securities now marked to anything by way of FASB rule change, professional criminal courtesy via congress, as the the wall street frauds cash out for hard fiat currency. What do you expect them to say? This wasn’t even a recession to be, as per forecast. They haven’t the slightest clue what they’re doing other than the ‘narcotic effects’ of the non-stop printing press fiat currency ‘feels good’ and buys time, politically. ] White House policymaker predicts that the recovery should continue despite oil prices, European crisis.

Pressure mounts on Gaddafi (Washington Post) [ That he was always a caricature of sorts, there is no question. That he’s totally burned out, there’s also no doubt; though they might argue in his defense that so was dumbya bush … a point well taken … but look at the consequential pathetic state of pervasively corrupt, defacto bankrupt america … with the unlit torch passed to wobama the b (for b* s*) who pretends, or maybe in his alternate and fake reality just believes it’s lit. That he’s done, also fait accomplis, after 41 years … who cares. That he’s insane … now that’s quite another thing with greater worldwide implications, so, daffy… gadaffy… duck! Gaddafi vows to maintain hold on power Libyan strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the world’s command. ‘Something there is that doesn’t love a dictator, that wants them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert Frost). Libya Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the internet, inherently global in nature is the lynchpin, tampering with or stifling same marking the end of any regime. Let this be a warning; viz., you cannot put the genie back in the bottle! 41 years? Gadaffy duck should duck ‘cause he’s done. I mean, look at him, he’s the singular equivalent of the multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or mubarack) and quite done! ] Reports have emerged late Friday that Libya appears to have shut down its Internet due to widespread protests, less than a month after Egypt did the same. ] With rebels apparently controlling much of the eastern half of the country, the violence engulfing Libya is already the worst in more than a month of unrest that has toppled other regimes. ]

Bad News - Bullish Wall of Worry or Sell Signal? Maierhofer, On February 23, 2011, ‘When I published this article 10 days ago I received much criticism. After the biggest two-day sell off since August 2010, the commentary might be helpful in determining whether this is another flash in the pan mini correction or the onset of something more serious.If it's too obvious, it's obviously wrong. More often than not, this proverbial Wall Street adage has the last laugh. What's the prevailing consent on Wall Street? What's suspiciously obvious today?

- The Fed is here to help. As long as there's QE2 (or QE3, 4, etc,) prices will go up.

- January was positive. As January goes, so goes the year.

- This is the third year of the Presidential Election Year Cycle. There hasn't been a negative third year since 1939.

- There's no catalyst to send stocks higher.

While Wall Street analysts are trying to one up each other's positive forecasts, the Fear Index, VIX (NYSEArca: VXX - News) has fallen to a 3 year low. The last time the VIX was at a similar level was in April 2010, just before a literally fear-inspiring 17% correction and the May 'Flash Crash' (see chart below).The ETF Profit Strategy Newsletter didn't subscribe to the prevailing optimism in April 2010 and warned that: 'The message conveyed by the composite bullishness is unmistakably bearish. The pieces are in place for a major decline.'Does that mean that the bottom will fall out again within a matter of days? Not necessarily, but now is certainly not the time to be married to your holdings. Tight sell stops are warranted because any minor correction could turn into a large one. Why?

New Bull Market, or Mother of all Bear Market Rallies?

The devil's in the long-term trend. If we are in a new bull market, any dip would present a buying opportunity. If we are in the mother of all bear market rallies, every rally is a trap and represents a selling opportunity.How can one determine whether we are in a new bull market, or a bear market rally? [chart] It's said that bull markets climb a wall of worry. No doubt there was extreme pessimism surrounding the March 2009 lows. That's one of the reasons the ETF Profit Strategy Newsletter sent out a strong buy signal on March 2, 2009.But pessimism at the bottom doesn't equal a wall of worry. In fact, following the initial bout of disbelief, investors embraced the rally rather quickly. In late 2009, sentiment readings became frothy, in January 2010 they rivaled 2007 extremes (stocks fell 9%), and in April 2010 they exceeded 2007 extremes (stocks fell 17%).About two thirds of the rally from the 2009 lows was accompanied by optimism. This is no wall of worry.

Glass Half Full Outlook

Think about it, even the truly big problems - unemployment and falling real estate (NYSEArca: IYR - News) prices - were sugar coated from the very beginning. The unemployment problem was charmingly called 'jobless recovery' and falling real estate prices were simply ignored.The Case-Shiller home price index is down four months in a row, but nobody is bothered. A few days ago, MarketWatch ran an article: '10 reasons to be bullish on housing.'Courtesy of the continuing real estate conundrum, the FDIC closed 157 banks in 2010, and 14 thus far in 2011. According to a Wall Street Journal article, the top 10 U.S. owned banks had $13.8 billion in unrealized losses.Those are not reflected in earnings numbers as long as financial institutions (NYSEArca: XLF - News) believe the investment will later rebound. Guess what? Banks are pretty darn sure prices will reclaim their 2006 all-time highs.In addition to the $13.8 billion in unrealized losses, the top 10 U.S. banks owned $360.7 billion in illiquid, hard to value assets (called level 3 assets). While paper earnings appear solid, it appears as if banks are hiding skeletons in their closets. But who cares, stocks (NYSEArca: VTI - News) are up.

Anomaly Explained

Ben Bernanke has openly admitted that asset inflation, or the wealth effect from rising stock prices, is the objective of QE2. Obviously, the money flow from the Federal Reserve over banks into the stock market has been the driving force behind this monster rally.Much of the Fed money has been funneled into commodities. Since QE2, net speculative positions in wheat and copper have doubled, oil soared 115%, soybeans 40% and corn 15%. Rising commodity prices are putting the squeeze on lower income Americans and will eventually lower profit margins for the materials sector.It's quite likely that this ripple effect will spill over into the retail (NYSEArca: XRT - News), technology (NYSEArca: XLK - News), and consumer discretionary sector. From there it's just a matter of time until it hits the broader Dow (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC).Contrary to its objective, QE2 has also sent interest rates soaring. Higher interest rates tend to encourage the money to flow from equities into bonds. Higher interest rates put pressure on bond and stock prices alike.

Early Detection

The trend is your friend, but the trend is a fair-weather friend and can turn at any given time. The trend doesn't announce its intention to change direction. It switches back and worth as it pleases without your permission.Courtesy of your friend the trend, everybody is a genius in a bull market ... and a nave misguided trend follower when prices drop without prior notice.There is no foolproof way to find out when the market is about to change directions. There are, however, ways to put the odds in your favor.Watching support levels has proven a very effective way. A few months ago 1,170 was a crucial support level highlighted by the ETF Profit Strategy Newsletter. The S&P tested this level no less than five times, but never broker below it and rallied over 10% since.Just recently, 1,270 was such a support level. The S&P tested it twice before moving into the 1,320 range. The market is dynamic and can change swiftly; therefore, it's the market that dictates support levels, not us. We just identify and use them…’

How Confident Are Consumers in the Future of the Economy? Harding ‘This is the time of the month when the consumer surveys come out measuring confidence in the economy’s future. There are three large surveys: Conference Board, Gallup, and the University of Michigan. They all try to measure our belief with regards to the future, and specifically whether or not we feel like spending our money. Today Gallup and the Conference Board came out with mixed results. On Friday the University of Michigan/Reuters survey comes out. (It has been showing a rising trend for the last four months.)Gallup does their own survey of 3,434 respondents. The result was that consumer confidence hasn’t improved for a year:[chart]Asked whether the economy was getting better or if it was poor, respondents answers were unenthusiastic at best:[chart][chart]The Conference Board had a different take on the future:[chart]That sure looks good but, looking closely: Optimism is no better now than it was a year ago, also suggesting that little progress has been made economically over the past 12 months. Up to this point in 2011, there seems to have been a relatively great amount of optimism about the US economy going forward. Whether last week’s deterioration in consumer confidence is the beginning of a new trend or just a short-term aberration remains to be seen. Also, from the Conference Board’s press release: Those stating business conditions are “good” increased to 12.4 percent from 11.3 percent, while those claiming business conditions are “bad” was unchanged at 39.6 percent. Consumers’ assessment of the labor market was also more positive than in January. Those saying jobs are “plentiful” rose to 4.9 percent from 4.6 percent, while those stating jobs are “hard to get” decreased to 45.7 percent from 47.0 percent. Consumers’ short-term outlook was more optimistic than in January. Those expecting business conditions to improve over the next six months increased to 24.4 percent from 24.0 percent, while those anticipating business conditions will worsen declined to 10.4 percent from 12.2 percent. This is their best reading in three years.I don’t know if this makes a difference, but the Conference Board just fired its former pollster and hired Nielsen instead. They surveyed 3,000 respondents. Their survey is billed as a leading indicator.Who do you want to believe? With 43.6 million Americans, or 14.1% of the population on food stamps, relatively flat wage growth, and a dour unemployment picture, I don’t think that only 17.3% of Americans feeling better about their future income potential versus the prior reading of 15.3% really means that much. Ditto with the percentage of those seeing business conditions improving going from 11.3% to 12.4%. 39.6% of respondents said they are worse, and the rest, or 48% see no change or have no opinion. Another way of saying this is that 87.6% of the respondents didn’t have a positive view of business conditions.The Conference Board’s statement that “Consumers’ appraisal of present-day conditions improved moderately in February” is true but I would question its relevance. At such low levels of enthusiasm among its respondents, a point or two doesn’t mean much. If you step back and look at what these results reveal, it doesn’t look to me as if consumers are more optimistic about the future. To say otherwise is just spin. I think Gallup has the better view right now.’

Double Top in Cyclicals? Elfenbein ‘The stock market is getting knocked again today, but the pain isn’t evenly spread out. Who’s up for another look at the relative strength of cyclicals? Great, me too! As long-term readers know, one of my favorite metrics to follow is the Morgan Stanley Cylical Index (^CYC) divided by the S&P 500 (^SPX). This is far from a comprehensive analysis, but it is a quick-and-dirty look at the “mind of the market.”Since late August, the market’s rally has been disproportionally powered by cyclical stocks. In fact, the ratio of the CYC to the S&P 500 reached an all-time high on February 11 (my data goes back to 1978).The ratio hit a previous peak on January 10 and, soon after, cyclicals dropped off sharply. I quickly jumped on this and thought it was the end of the cycle. Wrong! The ratio soon rallied and peaked on February 11, just a hair above the level for January 10 (0.8442 to 0.8441).The CYC is down again today (although many energy names are up). If today’s numbers hold up, the ratio will close below the low made on January 21.The reason these cycles are so important is that once they get going, they often last for a few years. Put it this way, if the Dow had kept pace with the CYC since the low from two years ago, the Dow would be over 24,000 today.[Click to enlarge] [chart] ‘

Will Oil Spike Renew Interest in Clean Energy Commodities? Handwerger ‘Many of the great declines in the stock market over the past 30 years have been related to oil (United States Oil (USO)). This week we have seen the major indices plummet on geopolitical chaos throughout North Africa, especially the large oil-producing Libya, as investors returned to gold (SPDR Gold Shares (GLD)), silver (iShares Silver Trust (SLV)), and oil. As the market reached record overbought territory, any excuse could begin a significant pullback in equities (SPDR S&P 500 (SPY)).

Investors are monitoring key assets in Egypt (Market Vectors Egypt Index (EGPT)). If either the Suez Canal or Sumed Pipeline come under attack, then we will see a major oil spike, possibly worse than in the late 1970s. Already Iran has taken advantage of the chaos and passed into the Mediterranean, further escalating potential conflicts between Israel (iShares MSCI Israel Cap Invest Mkt Index (EIS)) and the Iranian Allies of Hezbollah and Syria who want to take back control of the Golan Heights. This Middle Eastern instability may have deeper consequences and I don’t believe it will end anytime soon. In fact, it may even eventually spread to Saudi Arabia where the royal family maintains weak control and extremists are gaining popularity. In late January in an article entitled, Will Gold, Oil Prices Soar on Revolts in Tunisia, Egypt? I wrote about the domino effect hypothesis, stating that chaos would not be contained in Tunisia and Egypt. This spread of chaos, causing volatile power vacuums, could have a significant impact on gold and oil, especially now that the domino hypothesis is being confirmed. [chart]

At the end of January investors returned to precious metals. Gold has been on sale every six months. A January phenomenon occurs when mutual funds and institutional investors reposition their holdings, sometimes allowing investors to buy a sector on sale. At the end of January, gold and silver found support as geopolitical conditions worsened. The recent Libyan crisis has caused oil to jump which in turn has caused a decline in equities.

As much as the financial crisis and record government spending has helped gold soar to record highs, terrorism and war have been major drivers of the price since September 11, 2001. The Middle East possesses approximately 65% of the world’s oil reserves, and Egypt in particular has two key assets which effect the global oil trade: the Suez Canal and the Sumed Pipeline. Many analysts did not expect Libya to fall into civil war. Reports are showing that oil exports are being curtailed, sending oil into new 52-week highs.

The “Sputnik” moment which President Obama spoke about in his State of the Union address may come faster than expected out of necessity. Washington is actively pursuing supply of North American heavy rare earth assets to fast-track into production as top-secret defense technologies depend on it. Sanctions on China from the WTO will not be enough to meet the growing demand. Even China, which produces over 97% of the rare earths, has expressed interest in heavy rare earth assets globally. Hyundai, the latest company on the electric-car scene, recently commented that it was pursuing a rare earth supply as well.

Economies are growing and demand has increased since the last major Iranian Revolution in 1979 when oil spiked higher. An oil spike now could be much more detrimental 32 years later. The world is more dependent on fossil fuels and many nations are struggling with slow growth and huge debt burdens. An oil spike could cause a major setback for the global economic recovery unless governments initiate major alternative energy and clean energy programs. I believe these current events will create a more significant push into clean energy, non carbon energy. A few commodity sectors may benefit including uranium (Global X Uranium ETF (URA)), lithium (Global X Lithium ETF (LIT)) and rare earths (Market Vectors Rare Earth/Str Metals ETF (REMX)).

President Obama has released this year’s budget and it was shocking. Many analysts were surprised by the huge amount of capital allocated to clean, alternative energy in order to spur innovation and job growth. In the recent budget, a $7500 tax credit will be given to car buyers who purchase an electric car. Obama has a goal of putting 1 million electric vehicles on the road by 2015. Many analysts are predicting about a 10% increase in cars sold due to this legislation. However, tensions are escalating as Iran sticks out its tongue at Israel by passing through the Suez Canal. Oil prices could spike as turmoil spreads through North Africa and the Middle East. Legislators are sending a message that they want to wean themselves off of Middle Eastern oil and look into clean and independent energy.

Investors should expose themselves to the potential supply-demand constraints and rise in oil prices by purchasing developers with major assets in these clean energy mineral sectors or by diversifying into these newly created ETFS, such as REMX or LIT, which track these sectors. As oil spikes, these clean energy commodities should receive a renewed interest by legislators and investors who believe in clean energy power generation.’

North African Turmoil Could Rocket Crude to $220 Fox Business | May cause crude to spike from about $97 a barrel today to $220 a barrel.

Oil touches $100 a barrel as Libya standoff worsens Reuters | Oil surged to a 28-month high of $100 a barrel on Wednesday.

Wall Street Shares Fall Sharply Amid Libyan Unrest New York Times | Political turmoil in the Middle East and North Africa continued to haunt financial markets

Korean Bank Run Spreading: Eighth Bank Closes Following “Massive Withdrawals” The quietest bank run that has so far completely evaded mainstream attention, that of Korea, is spreading, and an eighth bank has now shuttered after “Domin Bank, a savings bank with a capital adequacy ratio below 5 percent, voluntarily decided yesterday to suspend its operations temporarily because of massive withdrawals.”

Keiser Report: Fed’s Reign of Terror This time Max Keiser and co-host, Stacy Herbert, talk about the Fed’s reign of terror and an economist’s warning of revolution in America as Obama’s budget robs from the poor to give to the rich. In the second half of the show, Max talks to William D. Hartung, author of Prophets of War, about the cost of corporate welfare to the U.S. military industrial complex and the role of this welfare in the current Middle East unrest.

Highest Gas Prices in February Since 1990, Attributed to Libya Turmoil Weekly gas prices skyrocketed, according to the Department of Energy, driven by the popular revolts spreading across the Middle East.

ECONOMIC CRISIS ARCHIVE

National / World

Libya air raids death toll hits 1,000 Press TV | Hospitals have no electricity and no medicines.

WORLD AT WAR ARCHIVE

WORLD NEWS ARCHIVE

North African Turmoil Could Rocket Crude to $220 If the turmoil paralyzing parts of the Middle East and North Africa brings oil production in Libya and Algeria to a standstill, it could cause crude oil to explode to $220 a barrel, derailing the global economic recovery.

US & EU Prepare to Buy Off Post-Revolution Governments With Billions in “Aid” (Taxpayer Money) While the United States and Europe orders its own scum public to accept massive public spending cuts along with higher taxes on top of soaring inflation and food prices, it concurrently prepares to buy off post-”revolution” governments in the Middle East and North Africa with billions in “aid” (taxpayers’ money) in order to install fresh puppets who will graciously buy huge quantities of arms from the US-EU-Israeli military-industrial complex.

Leaked Memo: Government Considering Deploying Special Forces Troops On The Streets With Police The British government is considering plans to deploy crack trained SAS commandos onto the streets to work alongside police in “counter-terrorism surveillance teams”, according to a leaked memo unveiled by the Times Of London today.

We Called It: Forecast Of Huge Public Worker Protests, Age Of Rage, Oil Price Surge Unfolds Having often been accused of exaggerating, engaging in alarmism or outright fabrication by the establishment media, our regular readers will indulge us for tooting our own horn on the fact that we predicted the public worker demonstrations now happening in Wisconsin, along with the rage spreading across the Middle East, as well as soaring oil prices in June last year, and indeed as far back as February 2008.

US & EU to Buy Off Revolution Governments with Taxpayer Money Paul Joseph Watson | Public told to accept massive public spending cuts, higher taxes and soaring food costs while money is sent to purchase new dictators.

Oil Prices Skyrocket After Williams’ Latest Revelations Kurt Nimmo | The corporate media is getting Americans accustomed to the prospect of gas at $5 or more a gallon.

Seattle Business Refuses To Serve TSA Agents Paul Joseph Watson | Nationwide revolt against naked body scanners and invasive groping carried out by predatory thugs goes viral.

Defiant Libya Tony Cartalucci | The globalists want Qaddafi out and his defiance has conjured an almost tangible.

Milbank: Rush Limbaugh's unfair food fight (Washington Post) [ I’m no fan of limbaugh’s which can easily be discerned from my web site and posts thereon. But, truth be told, I’ve become even less a fan of the wobamas who have revealed themselves as so typically jive-talking b* s* that to most rational, civilized people, they’d be embarrassed. But not the wobamas the b (for b* s, their middle name). As I’ve said before, like water off a duck’s back is the effect of deserved criticism on wobamas and their ilk. They have become part of the problem, not the solution. Almost any criticism, by almost anybody is criticism deserved and welcomed (I previously excepted the BP scenario which was in my view undeserved criticism of wobama. But that’s it! I’m with Limbaugh on most any criticism of the wobamas. `Drudgereport: Michelle Obama, Daughters Hit the Slopes on Ski Vacation ...`
`Vail...`
`Bidens vacation on Fla Keys...`
`FLASHBACK: Obama on tough economy: 'You might put off a vacation'...`
`'Everyone must sacrifice'... RASMUSSEN: OBAMA APPROVAL SLIPS BACK TO 44%... Gov't shutdown threat looms over budget fight...` `DEBT NOW EQUALS ENTIRE ECONOMYOBAMA AGENDA IS OVER` `Obama refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b for b s*… or maybe the bipper, the chipper, or the yankee clipper (the new joltin’ joe) …sounds like he’s losing it! ] ...` ]

Deaths of four Americans reflect increasing violence of Somali piracy (Washington Post) [ Drudgereport: `U.S. Warship Tracking Yacht Hijacked by Somali Pirates... [ I realize there are ‘laws of the sea’ / codified bodies of law within that broad yet very specific category called ‘maritime law’, none of which I know nor care to know (I’ll content myself to knowing and seeing to the enforcement of american law as pertains to me; viz., RICO` http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm `. I do know that these somali pirates need killin’ and I further believe that open season on them including using their boats in the water for target practice makes sense and certainly is morally justified. I’m tired of hearing about those little weasels … you know, ‘the skinnies’. ]`

On Obama's jobs tour, unemployed have little voice (Washington Post) [ This of course is so true. That wobama’s done there’s no question. Indeed, despite the rhetoric, separate terms, hasn’t he proven to be, and isn’t wobama just a continuation of the NWO / NAFTAite regimes that landed the nation here in this foul, pervasively corrupt, defacto bankrupt position. How different are america’s entrenched corrupt bureaucracies / ‘leaders’ from the dictators and their corrupt bureaucracies being deposed today. If only wobama wasn’t the typical, jive-talikin’ wobama the b (for b*** s***) he is and did what he ran and was elected on, the outcome for fallen america would have been substantially better, though still dire, than that which lies ahead.

Obama’s 2012 Budget: Tool Of Class War Paul Craig Roberts | Continues Wall Street’s war against poor & middle classes. ] White House officials were unable to give a single example of him interacting, even in private, with a person who had recently lost a job.

State budget woes draw more protests (Washington Post) [ Obama joins Wisconsin budget battle Democratic lawmakers flee state in attempt to block anti-union bill (Washington Post) [ Looks like capital hill can pick up a few pointers from ‘dem dems … fleeing the state, that is … except in their case it’ll be fleeing the nation-state, or what’s left of same. Drudgereport: Michelle Obama, Daughters Hit the Slopes on Ski Vacation ...
Vail...
Bidens vacation on Fla Keys...
FLASHBACK: Obama on tough economy: 'You might put off a vacation'...
'Everyone must sacrifice'... RASMUSSEN: OBAMA APPROVAL SLIPS BACK TO 44%... Gov't shutdown threat looms over budget fight... DEBT NOW EQUALS ENTIRE ECONOMYOBAMA AGENDA IS OVER Obama refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new joltin’ joe) …sounds like he’s losing it! ] ...Debunking the 'Debunking Myths of U.S. Collapse' Post Ridder [ Stated another way, the collapse of the (dis)united states is at hand. Now, let me state, that doesn’t mean america will disappear from the face of the earth, but the reality truly is ‘death from a thousand cuts’. It’s not just China’s rise, but america’s decline and fall with the concomitant relative rise of other nations, regions. Quite simply, and historically factual reality has proven, nation-states cannot and have not survived the multitude of negative, destructive, and self-destructive things america has done and prosper as a leading nation. From perpetual war, to pervasive corruption, fraud, criminality across all stratum including institutions, government of american society, to what I believe as well to be an evolved genetic bias of inherent criminality/mental illness which is ill-adapted to the strictures of a more enlightened 21st Century by way of near instantaneously available information, with truth and factual reality being america’s greatest enemy. In support of the foregoing I will reiterate reasons, infra.] Debt relief for states proposed (Washington Post) [ I’ve heard of the ‘blind leading the blind’, but the ‘bankrupt borrowing from the bankrupt’ seems to be a nouveau american phenomenon destined for ‘clichedom’. Previous: Governors plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster in the making, with consequences even more dire than the grim outlook set forth by Meridith Whitney, if that could even be fathomed. It’s really going to be all that bad…see infra, The Economic Collapse, ‘#10 The municipal bond crisis could go “supernova” at any time. Already, investors are bailing out of bonds at a frightening pace. State and local government debt is now sitting at an all-time high of 22 percent of U.S. GDP. According to Meredith Whitney, the municipal bond crisis that we are facing is a gigantic threat to our financial system….“It has tentacles as wide as anything I’ve seen. I think next to housing this is the single most important issue in the United States and certainly the largest threat to the U.S. economy.” Economist: United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics professor at Boston University. He says the Treasury and the government are fudging the national debt numbers. Kotlikoff says the United States is bankrupt and we don’t even know it.

Obama: US needs better math, science education (AP) [Well, one thing we absolutely know as true is that there’s at least one person in america in need of better math skills and his name is’ wobama the b’ (for b*** s*** - despite campaign promises to the contrary he actually ramped up war spending also despite defacto bankruptcy of the nation – bush, if only it was just his math skills, ramped of war spending while cutting taxes … to his base, a wobama’s on the same page – how totally pathetic both of them are / were) … but let’s not kid ourselves, from capital hill to wall street, etc., math skills are indeed lacking. ]

Alan Greenspan Takes Credit For The Financial Crisis Levin “The morning after we learned of the news,” Greenspan said of the Dow Jones plunging 6.98 percent that day in September 2008, “I was able to look myself in the mirror and say, ‘Hey, not bad.’” Sure, if he’d tried just a little harder he could’ve done better– 10 percent would’ve been a dream– but really, all things considering, not bad! Solid B+ work. [NYU via BI]

Internet tool shows French web surfers 'Jewish-curious' (AFP) - AFP - An Internet tool that flags up popular search words has spontaneously revealed a deeper trend: French web surfers' exceeding curiosity about whether their politicians are Jewish. [ To their credit, at least in France it might matter … to america’s discredit and self-destruction, it doesn’t even matter … as Buchanan aptly put it ‘capital hill is occupied israeli territory and just proved it again with the foolhardy veto of the un resolution condemning illegal israeli settlements. ]

] The standoff in Wisconsin over budget cuts spread to other states on Tuesday as union leaders began to organize protests in other capitols and Democrats in a second state, Indiana, effectively staged a walkout.

Gaddafi vows to maintain hold on power Libyan strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the world’s command. ‘Something there is that doesn’t love a dictator, that wants them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert Frost). Libya Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the internet, inherently global in nature is the lynchpin, tampering with or stifling same marking the end of any regime. Let this be a warning; viz., you cannot put the genie back in the bottle! 41 years? Gadaffy duck should duck ‘cause he’s done. I mean, look at him, he’s the singular equivalent of the multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or mubarack) and quite done! ] Reports have emerged late Friday that Libya appears to have shut down its Internet due to widespread protests, less than a month after Egypt did the same. ] With rebels apparently controlling much of the eastern half of the country, the violence engulfing Libya is already the worst in more than a month of unrest that has toppled other regimes.

I knew there was something especially (but typically) not right in Friday’s (and Thursday’s) trade; and, sure enough, it was a full moon Friday as per lunar calendar (a must in today’s markets owing to the prevalence of lunatics / criminally insane on wall street).

Have Stocks Really Moved Sideways Since 2000? McCurdy ‘Last week, we reviewed the inverse secular relationship between stocks and the price of gold. Stocks have been in a secular downtrend since the bull market from the 1980s terminated early last decade, while gold has been in a secular uptrend. Many analysts do not like to label the current secular environment in stocks as a bear, instead referring to it as a "sideways" market. Indeed, a quick review of the S&P 500 index monthly chart shows that it has essentially bounced sideways for the past 11 years.

[Click all to enlarge]

[chart}
Since the secular peak in 2000, the S&P 500 has produced a compound annual return of 0.6%, so any long-term investors who bought at the top would appear to have broken even. Have they really? It is important to note that we are talking about nominal values and returns. When you compare stock market performance to hard assets like commodities and gold, you see a very different picture.

[chart]

[chart]

Since 2000, the S&P 500 index has experienced a persistent decline in terms of the Continuous Commodity Index (CCI) and the price of gold. The CCI ratio chart has decreased by 72% and the gold ratio chart has decreased by 82%. Suddenly that "sideways" market doesn't look so sideways. If you extend both charts back to the beginning of the previous secular bull market in equities, you see what you would expect: A persistent rise in stock market valuations until the secular peak early last decade (note that we have replaced the CCI with the CRB index in the following chart for display purposes, since the available CCI data do not cover the entire secular bull).

[chart]

[chart]
Both ratio chart downtrends are currently healthy, with the CCI ratio recently experiencing another long-term breakdown and the gold ratio forming a consolidation pattern since early 2009. Until these secular declines form confirmed bottoms, the secular bear market in stocks will remain in control.

[chart]

[chart]
Despite mainstream assertions to the contrary, the issues that led to the market crash in 2008 have not been materially addressed. Our historically excessive public and private debt remains, festering beneath the surface of this "strong" economic recovery. As usual, we have chosen the quick fix route and kicked the proverbial debt can down the road, hoping that the underlying problems will somehow cure themselves without requiring us to make the hard choices that have always been required in the past. The continuing strength in the gold market indicates that no such magic resolution process is currently underway.

[chart]

When was the last time a strong, healthy secular uptrend in gold provided an all-clear signal for the economy and suggested that the structural problems that have been plaguing it during recent years have been resolved? The answer to that question is never. Perhaps this time is different. We will see.’

Weighing the Week Ahead: The Beat Goes On Miller ‘…The explanation is much simpler. The Beat Goes On.

The grocery store's the supermart, uh huh.
Little girls still break their hearts, uh huh.
And men still keep on marching off to war
Electrically they keep a baseball score
{Refrain}
Grandmas sit in chairs and reminisce
Boys keep chasing girls to get a kiss
The cars keep going faster all the time
Bums still cry, "Hey buddy, have you got a dime"

Sonny & Cher may not have been market gurus, but the song captures the current market action. The "drums keep beating."

… The Bad There was some important bad news for the economy. The story is rarely one-sided. There is a continuing problem on several fronts, a widely known "wall of worry" that is already reflected in current market prices.

HOUSING SALES OVERSTATED. The most important bad news of the week came from the CoreLogic Year-end Summary of Trends. I read their reports, and so should you. Calculated Risk has a nice summary, showing that the existing home sales from the National Association of Realtors may be overstated by 15%. Consistent and aggressive critic (another of our featured sources) Barry Ritholtz has this take.
RETAIL SALES. This was a big disappointment.
INITIAL JOBLESS CLAIMS. The highly volatile series moved higher, but the trend continues lower. It is not good enough to improve the employment picture…’

Correlating U.S. Demographics, Trade Deficits and Employment Lounsbury’ Recent analysis found that the U.S. trade balance deficit for manufactured goods was the equivalent of almost 29 million jobs over the past 19 years. The analysis referred to these as exported jobs.

What if some of the manufacturing jobs had been retained? How would U.S. employment have been affected? Would we have anything like the high unemployment rates experienced over the past two years?

The following analysis shows that the U.S. simply didn't have the population needed to produce what we have been consuming. The trade deficit is actually a demographic problem as well as a global competition problem for the U.S.

Labor Participation Rate

First let’s look at the labor participation rate over the past 60 years.

click to enlarge images

[chart]

Over the last 25-30 years the institution of two wage-earner households became entrenched and the labor participation rate rose above 65% as of 1985. In 2010 the participation rate fell back below 65% as a result of severe employment dislocations produced by The Great Recession.

The following graph focuses on the years starting with 1992. Two arbitrary areas are identified by the author, a “peak” participation rate and a “healthy” rate. These arbitrary definitions may be subject to debate.

[chart]

These two definitions are used to examine counterfactual participation rates in the following discussion.

Manufacturing Jobs Have a High Multiplier

In the previous article a graph was presented which showed the number of manufacturing jobs “exported” each year starting with 1992. What was not discussed in the previous article is that jobs have multiplier factors. If one person receives a wage much of that money is spent and that creates additional jobs. For each person working in a particular job, other people are employed in support industries. The total of all these additional jobs is what comprises the jobs multiplier. The mathematics can be reviewed here.

The multiplier varies for different types of jobs and is determined by collecting experimental data in the actual economy. Manufacturing jobs have high jobs multipliers. A table of jobs multipliers is shown in the following table:

[chart]

A number of data sources have been reviewed for the value of the manufacturing job multiplier in the U.S. These are shown in the following table.

[chart]

Active links from the table:

Connecticut.gov

Economic Policy Institute

Content First

Washington State.gov

California.gov

A jobs multiplier of 3.0 means that each job represents a total of three jobs: the original job plus two others that exist only because that original job is there. One estimate for all employment is an average multiplier of 1.9. For manufacturing the multiplier is close to 3. For every manufacturing job gained or lost directly, two other jobs, on average, are gained or lost.

For the rest of this article we will use the multiplier of 2.9. Using that value, the number of jobs lost each year since 1992 because of the trade deficit for manufactured goods has been calculated and is shown in the following graph. The lowest line represents the number of direct manufacturing jobs exported. The second line is the number of dependent jobs lost and the top line is the total number of jobs, direct and indirect, that were exported.

[chart]

What If All “Jobs Exported” Had Been Retained?

If all the direct and indirect jobs that have been ‘exported” had been retained, what would the unemployment picture have been forth past 18 years? This is displayed in the following graph.

[chart]

There are two shaded areas in the graph. The blue area encompasses all the commonly accepted values for NAIRU. The salmon area defines where labor shortages would occur, the lower the percentage the greater the shortage.

The red line shows the counterfactual case calculated for the “exported jobs” being retained and the labor participation rate staying at the peak (67%). The green line shows the counterfactual unemployment rate provided the participation rate actually experienced is used.

A reasonable conclusion from this graph is that, to retain the number of jobs estimated, labor would have to be imported or the labor participation rate would have to rise above the all-time peak. Without some combination of those two factors there would have been labor shortages 14 of the last 16 years (1994-2007)

Note: NAIRU refers to a Milton Freeman defined term: Non-Accelerating Inflation Rate of Unemployment

What If “Jobs Exported” Had Been Reduced by Half?

The next counterfactual situation examined is the case where half of the “exported jobs” were retained each year. The following graph shows the official unemployment rate average each year (blue), with two counterfactual unemployment rates.

[chart]The red line shows the counterfactual case calculated for ½ of the “exported jobs” being retained and the labor participation rate staying at the peak (67%). The green line shows the counterfactual unemployment rate provided the participation rate actually experienced is used.

What If 25% of “Jobs Exported” Had Been Retained?

The following graph shows official and counterfactual unemployment rates if 25% of the “exported jobs” had been retained.

[chart]

Even if 75% of the “exported jobs” had occurred, the U.S. would still have had labor shortages almost in seven of the past 19 years. The unemployment rate would have been below 4% for1997-2000 and 2005-2007. If the labor particpation rate had remained at peak (67%) throughout this time period, there would have been labor shortages only in the last four years of the 2oth century.

Caveats

There are many assumptions to be questioned in this analysis. A few are listed here:

Would our trade surplus in services have been less (thereby reducing service employment) if there had been no deficit for goods?
Would FDI (foreign direct investment) in the U.S. have been less? See Elliott Morss. FDI in the U.S. creates jobs.
Would the FDI by the U.S. have been reduced to offset any loss of FDI in the U.S.?
Is the multiplier for manufacturing jobs accurate for the type of manufacturing that was "exported"?
Are the assumptions about peak and healthy participation ratios really appropriate?

I expect there are many more open issues here and I expect that readers will eagerly point them out to me.

Conclusion

The U.S. has been on a consumption binge. The examination discussed here indicates that the country has been living beyond its means to produce what it consumes. That doesn't even consider that we have to import more than half of the energy used. If the production of even part of the production of goods that have been imported over the lat 14 years had been retained domestically, there would not have been enough labor available to fill the jobs that would have been required.

So the U.S. has been living beyond its means in three ways:

Beyond its means to provide energy used;
Beyond its means to pay; and
Beyond its means to produce what it consumes.

Further work is in progress to examine:

How much more labor force participation would have been needed to prevent labor shortages from occuring; or
How much labor would have had to have been imported; or
What combinations of the two would have done the trick.

There is one additional area being studied: How does the undocumented worker influx that has occurred over the past two decades interact with these labor requirement scenarios.

More articles on this topic will be forthcoming in the next few weeks…’

Buy the Dips or Sell the Rally - The One Indicator that Knows Maierhofer, February 22, 2011, 5:51 pm ‘Low-Risk. The term 'low-risk' has the same appeal in the investment world as the enticing little word 'free' in the advertising world.Some advertising executives claim that 'free' is the most powerful word in the ad world. 'Low-risk' might be the most powerful concept in the investing universe.If you read the ETF Profit Strategy Newsletter you are very familiar with the term low-risk entry. If you don't, here's a quick summary and crash course of an indicator that's been 100% accurate over the past 6 months.Low risk entries for various indexes are identified or triggered by a relative strength indicator called percentR. PercentR is expressed on a scale from 1 - 100. Readings above 80 are considered overbought, readings below 20 oversold.If you read the ETF Profit Strategy Newsletter you are very familiar with the term low-risk entry. If you don't, here's a quick summary and crash course of an indicator that's been 100% accurate over the past 6 months.Low risk entries for various indexes are identified or triggered by a relative strength indicator called percentR. PercentR is expressed on a scale from 1 - 100. Readings above 80 are considered overbought, readings below 20 oversold.

Uncannily Accurate

A picture says more than a thousand words and the chart sheds more light on the value of percentR. As you can tell by the red line, following the W bottom in November (not shown in the chart), percentR spiked above 80 (first yellow circle) around S&P 1,210. This was the initial buy signal. [chart]With two exceptions, percentR remained above 80 ever since. The two dips below 80 (yellow circles) on January 19 and 28 triggered a low-risk entry. Even though investors were worried about riots in Egypt, according to percentR it was time to buy.This bullish low-risk entry is valid as long as the underlying index (in this case the S&P 500) does not close below that day's low (white line). In both instances, the S&P (SNP: ^GSPC) stayed above that low and went on to rally over 5%.

Other Low-Risk Entries

Corrections are Healthy, if ...

'Corrections are healthy' is one of many ambiguous Wall Street sayings. If you judge the current 'bull market' purely on this statement, this market is one sick puppy - there hasn't been more than a 2.5% correction in nearly a quarter - and needs a serious correction to be jolted back into healthy territory.Put yourself in a time capsule and zoom back to April 2010 when the major U.S. indexes declined nearly 20% before the promise of QE2 resurrected stocks. There was little conviction then that corrections are healthy. The correction had rattled the investing masses and shaken out many stockholders before the market went on to rally again.PercentR is the canary in the coalmine that identifies a deeper correction. No significant sell off happens without a failed low-risk entry.A failed low-risk entry occurs when the indexes close below the low of the day that triggers the low-risk entry (white lines on the chart). The last failed low-risk entry happened in November 2010 when stocks chopped around for a few weeks and ultimately lost about 5%. Another failed low-risk entry flashed a sell signal on August 11 and ushered in a 21 day, 8% sell off.

The Right Tool for the Job

Any craftsman will tell you that there are limitations to any tool, but there's a tool for each job. percentR is the right tool for the current job.After a parabolic rally, the job at hand is to distinguish whether pull backs are a buying opportunity or a warning signal. Should you buy the dips or step on the sidelines (or even short the market)?The ETF Profit Strategy Newsletter consistently monitors percentR as part of measuring the health of the market and sends out special alerts when a low-risk entry (or failed low-risk entry) has been triggered. Considering today's sell off, it sure will be valuable to see what percentR has to say. Buying opportunity or time to sell?’

"Are Your truly dead?" The IMF, Watson and Schrodinger's Cat. [ On forbes, of new york / new jersey the hotbed of mob / wall street fraud and corruption and leading sinkhole of the nation, and of failed capitalist tool fame, do they waste an article and time on fraud / spam as a matter of course. I get a few or more of these routed to my spam box each day. Moreover, invariably upon visiting the forbes site / article my anti-virus picks up and blocks numerous malicious adware, url, etc., queries (it’s become pathetic the number and amount of s**t, ads, scripts that are crammed into some web pages these days); and, almost invariably, coming from the forbes ny / nj faux capitalist tool sight, all for nought! What a waste of time forbes et als are! ]

Obama: US needs better math, science education (AP) [Well, one thing we absolutely know as true is that there’s at least one person in america in need of better math skills and his name is’ wobama the b’ (for b*** s*** - despite campaign promises to the contrary he actually ramped up war spending also despite defacto bankruptcy of the nation – bush, if only it was just his math skills, ramped of war spending while cutting taxes … to his base, a wobama’s pn the same page – how totally pathetic both of them are / were) … but let’s not kid ourselves, from capital hill to wall street, etc., math skills are indeed lacking. ]

Alan Greenspan Takes Credit For The Financial Crisis Levin “The morning after we learned of the news,” Greenspan said of the Dow Jones plunging 6.98 percent that day in September 2008, “I was able to look myself in the mirror and say, ‘Hey, not bad.’” Sure, if he’d tried just a little harder he could’ve done better– 10 percent would’ve been a dream– but really, all things considering, not bad! Solid B+ work. [NYU via BI]

US Taxpayers Give $150 Million to Post-Revolutionary Egypt Zero Hedge | Taxpayer funds go to buy the love and admiration of a society in transition.

Obama’s 2012 Budget: Tool Of Class War Paul Craig Roberts | Continues Wall Street’s war against poor & middle classes.

Geithner Helping the Chinese? Reuters | Diplomatic cables lay bare China’s growing influence as largest U.S. creditor.

Insider Report: US Government Will Confiscate Gold When It Touches $2000 It’s no secret that the US government is broke, the US dollar is crashing and losing credibility globally, and the IMF, China, France and others have publicly stated their desire to eliminate the dollar as the world’s primary reserve currency.

Barclays bank forced to admit it paid just 1% in corporation tax in 2009 Barclays Bank has been forced to admit it paid just £113m in UK corporation tax in 2009 – a year when it rang up a record £11.6bn of profits.

Obama’s FY 2012 Budget Is A Tool Of Class War Obama’s new budget is a continuation of Wall Street’s class war against the poor and middle class. The effect of the Federal Reserve’s “quantitative easing” on inflation, interest rates, and the dollar’s foreign exchange value are yet to hit. When they do, Americans will get a lesson in poverty.

Is China Hoarding Gold In Anticipation Of A Global Financial Implosion? 10 Facts About Gold Fever In China That May Surprise You China officially has gold fever. Chinese demand for gold in 2011 is being called “explosive” and “voracious”. China imported five times as much gold in 2010 as it did in 2009, and this year gold sales in China are projected to easily set another new all-time record.

Valuations for Five Major Banks with Bearish Warnings Bauer ‘…The general market is currently over-valued, over-bought and is showing signs of deterioration, especially in the area of breadth. Interest rates are on the rise and inflation is already a serious problem. This means that you must consider holding cash or perhaps taking bearish positions…’

World Oil Prices Soar After Libyan Unrest

VOA News | World oil prices rose sharply on Monday as violence in Libya sparked worries that energy supplies could be disrupted.

Max Keiser on Revolts: Americans Joining Middle East Uprising Trend

Dozens of people have been reported killed in the Libyan capital Tripoli overnight as violence continues to spread across the country. Key administrative buildings have been set on fire, with thousands of anti-government activists still on the streets calling for an end to the 41-year rule of Colonel Gaddafi. To find out more about how the Middle East upheaval is impacting global economic patterns, we’re joined live now by RT’s financial guru Max Keiser…

Oil Jumps to Two-Year High, Gold Reaches $1,400 on Mideast; Stocks Decline

Oil rose to a two-year high and gold rallied for a sixth day surpassing $1,400 an ounce, as tension in the Middle East escalated. Stocks fell for the most in a month as Eni SpA led companies with operations in Libya lower.

The Simple Reason A Bahraini Revolution Could Trigger A Brand New Financial Crisis

As if geopolitical instability in the Mideast weren’t inherently reason enough for investors to worry, here’s another angle to consider.

Ongoing Overnight Short Squeeze Takes Silver To Fresh 31 Year High

Silver takes out $33.10, hitting a fresh 31 year high, as the relentless short squeeze leads to more body bags, and the only flight to safety currency is now the non-dilutable one (with gold on the verge of $1,400).

Wall Street Shares Fall Sharply Amid Libyan Unrest New York Times | Political turmoil in the Middle East and North Africa continued to haunt financial markets

Europe Stocks End Lower As Libya Worries Escalate Dow Jones | The Stoxx Europe 600 index shed 0.6% to close at 285.38.

Gold, Silver, Crude Oil Sharply Higher As Violence in Libya Climbs Forbes | Stand-off in Libya has triggered renewed speculation in precious metals and crude oil prices.

Cables show China used debt holdings to press US Leaked diplomatic cables vividly show China’s willingness to translate its massive holdings of US debt into political influence on issues ranging from Taiwan’s sovereignty to Washington’s financial policy.

Oil Goes Berserk In Electronic Trading As WTI Passes $98 As Zero Hedge advised in early January when the severity of the Maghreb revolution was made all too clear to anyone not willing to stick their head in the CNBC sand, oil could well be the buy of a lifetime ahead of a downward spiral of unprecedented geopolitical proportions.

Parabolic Flight To Silver, As April Crude Touches $98.48, Irrelevant Dollar Unch There was a time, long ago, when the dollar was a flight to safety instrument. Those days are gone. DXY barely budging as the overnight session begins, while silver has already put $34 in the dust. Last: $34.26 and parabolic.

Central Economic Planning at its Worst Last week, the Financial Crisis Inquiry Commission (FCIC) presented its results to the Financial Services Committee. As with most other politically-appointed commissions, the results of the FCIC’s investigation were easy to predict.

National / World

Libya Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the internet, inherently global in nature is the lynchpin, tampering with or stifling same marking the end of any regime. Let this be a warning; viz., you cannot put the genie back in the bottle! 41 years? Gadhafi duck should duck ‘cause he’s done. I mean, look at him, he’s the singlular equivalent of the multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or mubarack) and quite done! ] Reports have emerged late Friday that Libya appears to have shut down its Internet due to widespread protests, less than a month after Egypt did the same.

Gaddafi Defies Revolt With Tanks, Planes Libya’s Muammar Gaddafi used tanks, helicopters and warplanes to fight a growing revolt, witnesses said on Tuesday, as the veteran leader scoffed at reports he was fleeing after four decades in power.

Libyans say Gaddafi “butcher”, flick V-for-victory The Libyan side of the Egyptian border was controlled on Tuesday by anti-Gaddafi rebels armed with clubs and Kalashnikov rifles who welcomed visitors from Egypt, a Reuters correspondent who crossed into Libya reported.

Middle East Uprisings: Order Out of Chaos Kurt Nimmo | An Islamic consolidation of power will feed the paranoia of the West and initiate the plan for a new war.

Globalists Seek To Hijack Middle East Revolution To Topple Iran Paul Joseph Watson | US military-industrial complex looks to exploit demonstrations to weaken Ahmadinejad’s regime.

Wisconsin’s economic protests will spread as health care costs bankrupt states Mike Adams | Today’s pharma-centric medical system would rather kill the patient than lose its monopoly.

Commodities Explode as BP Prepares to Evacuate Staff From a Burning Libya Zero Hedge | Is this one of those “who could have possibly seen it coming” moments?

Libya Conquered in the Dark Tony Cartalucci | The Egyptian and Tunisian protests are entirely the result of Western meddling.

Libya air force bombs protesters heading for army base Haaretz | Libyan military aircraft fired live ammunition at crowds of anti-government protesters in Tripoli.

Gaddafi flees Tripoli as protesters set the Libyan parliament building alight Mail Online | Anti-government demonstrators breached the state television building and set government property alight.

Gaddafi’s Israel Threat Linked To Libya Riots? Is it merely a coincidence that less than a week after Libyan leader Muammar Gaddafi threatened Israel by calling on Palestinians to capitalize on the wave of popular uprisings in the Middle East by massing peacefully on the borders of the Zionist state, his own regime is teetering on the brink of extinction following massive anti-government riots in Benghazi and Tripoli?

Reports Suggest Libyan Airforce Is Using Fighter Jets To Fire At Protesters Reports have begun circulating that suggest the Libyan airforce is attacking protesters with live ammunition from jets. Are these the desperate last throws of tyrants or propaganda from the elite overlords hanging them out to dry?

‘Bilderberg Hand’: Deadly chaos in Libya, Bahrain as Wave of Rage spreads Regional expert Adrian Salbuchi says that global dominance groups are behind the wave of revolts.

In Libya Revolution, nearly 400 killed The International Federation for Human Rights says as many as 400 pro-democracy protesters have been killed so far in the popular Libyan Revolution.

Globalists Seek To Hijack Middle East Revolution To Topple Iran While the current global revolt sweeping across the Middle East and North Africa is born out of a universal human cry for freedom, food security and a decent standard of living, it is important to understand that the global elite are waiting in the wings to exploit the chaos as an opportunity to re-order the geopolitical landscape in their image, particularly by exploiting the demonstrations as a vehicle through which to weaken and topple the Iranian government.

The Popular Uprising in Egypt. The Military Machine Remains Intact. The Political Status Quo Prevails The same group of Egyptian generals running Cairo presently formed the backbone of the Mubarak regime. There has been no real change in government. The military junta represents a continuation of the Mubarak regime. The previous so-called civilian administration and the Egyptian High Council of the Armed Forces are virtually the same body.

Protests spread to Libyan capital, troops defect ABC News | Demonstrations have begun in Tripoli and witnesses say security forces are using live ammunition and tear gas on protesters.

Mubarak and Ben Ali comas: What would Tacitus say? The Times | Will desposed dictator syndrome become contagious?

Egyptians Return to Street to Push Army on Reforms WSJ | Hundreds of thousands of Egyptians rallied Friday to celebrate former President Hosni Mubarak’s ouster.

The Middle East and Then the World Activist Post | The globalist fueled color revolutions are attempting to profoundly transform entire regions of the planet in one sweeping move.

Bahrain uses UK-supplied weapons in protest crackdown Guardian | The British government has launched a review of arms exports to Bahrain.

Alex Jones: NWO orchestrated protests RT America | Protests were orchestrated by the NWO and use this as fury in the streets to roll in another layer to the police state.

Why can’t the US legalize drugs? There’s ‘too much money in it,’ Clinton says Raw Story | Asked by Denise Maerker of Televisa what she thought of drug legalization, Clinton said it was unlikely to work.

Public Worker Protests Spread From Wisconsin to Ohio In what union leaders say is becoming a national fight, protests against legislation to restrict public employees’ collective-bargaining rights spread from Wisconsin to Ohio.

The Middle East and Then the World Beginning in North Africa, now unfolding in the Middle East and Iran, and soon to spread to Eastern Europe and Asia, the globalist fueled color revolutions are attempting to profoundly transform entire regions of the planet in one sweeping move.

CIA Coup-College: Recycled revolutionary “props” Tony Cartalucci | Suspicious similarities between Egyptian unrest and known US-backed uprising in Serbia.

The Hidden Weakness of Natural Health Laws Brandon Turbeville | The U.S. has seen increasing interest in natural healthcare, vitamin and mineral supplements.

Libya defiant as hundreds of protesters feared dead Guardian | Witnesses describe ‘massacres’ as Libyan troops shoot unarmed demonstrators in Benghazi

Iran Naval Ships to Cross Suez Canal on Monday Reuters | Two Iranian naval ships will sail through the Suez Canal to the Mediterranean on Monday.

Will The Great Firewall Of China Prevent Tomorrow’s Beijing “Jasmine Revolution”? Zero Hedge | There are postings from Chinese activists calling for protests in major cities.

Widow: Pentagon aide Wheeler ‘killed by hitman’ UK Daily Mail | Prominent Washington aide John Wheeler was assassinated by a hitman in a targeted killing, his widow has claimed.

Arrested US official is actually CIA contractor (AP) ‘…Davis, a former Special Forces soldier who left the military in 2003, shot the men in what he described as an attempted armed robbery in the eastern city of Lahore as they approached him on a motorcycle. A third Pakistani, a bystander, died when a car rushing to help Davis struck him. Davis was reportedly carrying a Glock handgun, a pocket telescope and papers with different identifications…’

Libya, Bahrain, Iran, Yemen and Other Arab Governments Killing Protesters Mubarak was not the only brutal dictator in the Arab world.

Bahrain uses UK-supplied weapons in protest crackdown The British government has launched a review of arms exports to Bahrain after it emerged that the country’s security forces were supplied with weapons by the United Kingdom.

Libya unrest death toll reaches 84: HRW At least 84 protesters have lost their lives and hundreds wounded in Libya in three days of pro-democracy protests in the African country, Human Rights Watch (HRW) says.

Gadhafi's hold on Libya weakens in protest wave (AP) Deep cracks open up in Moammar Gadhafi's regime after more than 40 years in power, with diplomats abroad and the justice minister at home resigning, air force pilots defecting and a fire raging at the main government hall after clashes in the capital Tripoli. Protesters called for another night of defiance in Tripoli's main square despite the government's heavy crackdown.

Rumsfeld says $2.3 Trillion never lost, just untracked (yeah … riiiiight! Untracked into their pockets … untracked WeAreChange | Activists confront Rumsfeld on missing Pentagon funds.

Muslim Brotherhood Cleric Calls for Fatwa on Gadhafi UPI | “It is not heroism to fight your people and to hit them with missiles,” Qaradawi said on al-Jazeera.

Muslim Brotherhood: Gaddafi’s son wounded, dictator has fled International Business Times | The report says Gaddafi, his wife and daughter have fled the country.

Medvedev Warns “Fanatics” Will Take Over Middle East Kurt Nimmo | Says color revolution will not be tolerated in Russia.

Medvedev: Revolutions Could Lead To “Disintegration” Of Middle East Paul Joseph Watson | Aftermath of revolts could “set the region on fire for decades to come,” warns Russian President.

Defiant Gaddafi vows to die as martyr Reuters | Gaddafi vowed to die in Libya as a martyr in an angry television address.

Police Would “Absolutely” Use Force On Wisconsin Protesters Paul Joseph Watson | Despite publicly condemning Governor Scott Walker’s proposal, troopers would obey orders to crush dissent.

Alex Jones: The “Justin Biebler” Rant Infowars.com | Alex talks about real heroes, not manufactured plastic heroes pushing carbon taxes.

Rising food prices nearing danger point: World Bank World Bank president Robert Zoellick warned leaders of the top global economies Saturday that the world is reaching a danger point where soaring food prices threaten further political instability.

UNREST IN THE MIDDLE EAST Bahrain military retreats after shootings (Washington Post)

[Saudis Worried Protests Will Hit Home [ For the sake of the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect; far less than democratic and far more deadly in the mideast among other places; talk about hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation as the saudis; time for the saudis to go the way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video: Bahrain protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. [SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' [ Sounds like they’re hearing footsteps…Previous:Egyptian capital teeters on anarchy Mubarak asks cabinet to resign as anti-regime protests intensify (Washington Post) [ Mubarak should have been looking in the mirror as he asked his cabinet to resign … 30 years is a long time, and coincidentally, time for him to go. In Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree! Part of the internet didn’t die, but rather the order to so darken the nation heralded the demise, at 30 years and counting, of the so-called leadership in the persona of Mubarak. Time for him to go! After all, he’s been in a position, with Egypt among the only Mideast nations to have signed a peace treaty with israel, to have stepped up with substantial credibility in taking a strong position against israeli transgressions, violations of international law / u.n. resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And, of all places, he sends his family to Orwellian england; he still loves those colonial masters … how pathetic. I mean, 30 years … how free-flowing does anyone think the election process is at this point … and one could ask the same regarding the entrenched powers that be in pervasively corrupt, defacto bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so. The only Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course the perennially propaganda painted bad-boy Iran among possibly some of the smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding these other nations). ] (AP) Internet cutoff fails to silence Egypt protests (AP) - ]

U.S. vetoes Security Council resolution denouncing Israeli settlements (Washington Post) [ `Drudgereport: Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that hill … We’ve known that for quite some time along with their illegal nukes, war crimes, etc…The whole world knows that hill… so don’t just talk about it … DO SOMETHING! ] ... Yes! … in pervasively corrupt, defacto america’s self-defeating, self-destructive way they are doing something …`U.S. vetoes Security Council resolution denouncing Israeli settlements … Sounds like a plan! … right! ]

SEC names Sean McKessy to head new whistleblower office (Washington Post) The appointment sets off alarm bells among whistleblower advocates. [ Indeed it should, regardless of ‘who’. In pervasively corrupt, defacto bankrupt america there is always that pre-calculation: juice / no juice, payer (bribes/contributions) / non-payer, potential after gov’t job opportunity / no job opportunity, etc.. Video: Why Isn’t Wall St. in Jail? [ This truly will prove to be the story of the century (albeit an abbreviated one and a turning point toward america’s intractable decline) owing to what will ultimately be the lynch-pin of global economic / financial collapse ushering in an era of great scarcity in more ways than can be imagined. The pervasively corrupt, defacto bankrupt american nation / government has literally underwritten this massive fraud at the expense of the vast majorities directly and indirectly, precluded prosecution while obfuscating the substantial crimes, literally becoming accomplices thereby. There is absolutely no excuse for what is essentially a defalcation and abrogation of duty. I was watching a somewhat obscure film recently which (though elsewhere on this page and site I’ve set forth alarming crime statistics clearing showing america as number 1 in all categories by wide margins) which set forth the statistic that america has 85% of the world’s serial killers (and I’d go further in saying it is likely that america has a similar lead in war crimes, etc.) ] MSNBC | Cenk Uygur talks to Matt Taibbi about his latest Rolling Stone article. …… I mean, give me a frickin’ break! Let’s get real here … probably the most egregiously dangerous years for whistleblowers were the clinton years when even potential whistleblowers were targeted; ie., Mary Mahoney, former clinton security team members, etc., see http://albertpeia.com/bodycount.htm ie., Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over the 4th of July '97 weekend. She was a former White House intern who worked with John Huang. Apparently she knew Monica Lewinsky and her sexual encounters with Bill Clinton. Although not verified, it has been said that Lewinsky told Linda Tripp that she did not want to end up like Mahoney…Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died Feburary 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco…, etc. but the bushies / cia / wall street are comparable and as well in some different, more subtle ways; ie., discrediting, false charges, etc.. ] The appointment sets off alarm bells among whistleblower advocates.

A frayed alliance: Obama and unions Wis. budget impasse deepens (Washington Post) [ Frayed? How ‘bout flayed, fillet, and souffled … Or, screwed, nude, and double chewed … Drudgereport: OBAMA BACKS UNION UPROARPELOSI BACKS PROTESTERS: 'I STAND IN SOLIDARITY'...

DEBT NOW EQUALS ENTIRE ECONOMYOBAMA AGENDA IS OVERObama refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new joltin’ joe) …sounds like he’s losing it! ] ... BUDGET WOES FORCE STATES TO CONSIDER ABOLISHING '12 PRESIDENTIAL PRIMARIES...
STATE BUDGETS ON THE BRINK: CA, TX, IL, NY, NJ... WISC GOV: 'NOT GOING TO BE BULLIED, INTIMIDATED'...
Orders state troopers to bring Dems to Capitol...
'There Is Fear For Scott Walker's Safety'...
Dem Sen: We'll stay away for weeks...
WALKOUT: Milwaukee Schools closed; teachers call in 'sick'...
REPORT: Average city teacher compensation tops $100,000...
PAPER: GET BACK TO WORK!
DNC playing role in protests...
Jesse to the Rescue: Jackson rallies protesters...
'A real Martin Luther King moment'...
Union Fight Heats Up...
Republicans vow to cut spending in state capitols...
Protests Spread to Ohio...
Michigan...
'Coming To Minnesota'...
Idaho offical target of threats over education reform plan...
Egypt in America? 'Day of Rage' Hits Wisconsin over state unions...
Madison schools closed; 1,100 teachers call in 'sick'...
Obama: 'Assault on Unions'...
Obama-founded OFA spearheading effort to defeat bill...
Boehner: 'Suspend these tactics'...DEMS FLEE STATE HOUSE
SENATE DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS!
Gov. Walker calls on Dems to return, vote...
Protesters, supporters clash in Ohio over union bill... Activists swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney: Stimulus 'Goals Have Been Met'...
GALLUP: Unemployment hits 10%...
Feds Borrow Additional $29,660/Household Since Obama Signed Stimulus...
Ratings Downgrades Loom for Cash-Strapped States... Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that hill … We’ve known that for quite some time along with their illegal nukes, war crimes, etc…The whole world knows that hill… so don’t just talk about it … DO SOMETHING! ] ...

Offended Mubarak refuses calls from Obama... Ahmadinejad: Obama can't spell his own name (True … it’s ‘w o b a m a’ with ‘the b for b*** s***’ his surname … he’s so pathetic and a total caricature / joke!) ... Egypt's protests flare despite military warning...
Libya set for 'day of anger'...
Thousands of police confront protesters in Yemen...
Riot police storm Bahrain camp; 2 reported dead...
ABCNEWS Correspondent Beaten...
100 Egyptians reach Italy amid Arab exodus...
CARTER: Muslim 'hood nothing 'to be afraid of'...
PAPER: Senate hearing turns into farce as American ignorance on Egypt revealed...USA TO REBUKE ISRAEL AT UNPoll: Majority of Republicans Doubt Obama's Birthplace... Agents Shot in Mexico...
WORRIES OBAMA OFFICIALS...
ICE IN VICE...
GAO: Feds have 'operational control' of 44% of border; just 15% 'air tight'... DAY 3: 'Watson' the computer creams human 'JEOPARDY!' champs... REPORT: Steve Jobs receiving treatment at cancer center... PAPER: 'Reportedly sicker than previously admitted'... ISSA MAKES A MOVE: New subpoena seeks records on sweetheart loans...U.S. Government Shuts Down 84,000 Websites, ‘By Mistake’

'Kill Switch' Internet bill alarms privacy experts...
GOP BLASTS FCC NET RULES...

TSA agents busted at JFK for stealing $160,000 from bags...

Hillary Clinton donors indicted... Man mugs 96-year-old -- for $5... France Wants New Global Finance System; End of Dollar Dominance... Fannie, Freddie bailout: $153 billion and counting... GALLUP: Unemployment at 10.3%... Muslim Bros plan political party...
Present Two Faces...
Pakistan Islamists warn of protests if US prisoner freed...
SECSTATE JR: Sen Kerry arrives in Pakistan, expresses 'regret', 'sorrow'...GADDAFI TELLS PALESTINIANS: REVOLT AGAINST ISRAELWorld Bank: Food prices at 'dangerous levels'...Gov't Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit Expected to Jump to $1.65 Trillion...
...'slow train wreck coming'
BUDGET BLOWOUT: How big is $3.73 trillion? $12,000 from each American...
ANALYSIS: $1.5 trillion tax hike over 10 years...
AIRLINES: New fees would be $2 billion tax increase on flyers...
Sessions: Obama failed on budget...
Long Spending Fight... Produce prices to skyrocket with freeze in Mexico, Southwest...
Clothing Prices to Rise 10% Starting in Spring... China Replaced Japan in 2010 as Number 2 Economy...
China plans Colombian rail link to challenge Panama canal...The March On Berlusconi... Berlusconi indicted in prostitution probe...

Malware 'Aimed at Iran Hit Five Sites'...

Mubarak 'falls into coma after final speech'...
Egyptian military orders last protesters out of 'Liberation Square'...
Consolidates power...
Delivers ultimatum... Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

]

House approves dramatic cuts in federal spending Vote sets up showdown with Dems; threat of shutdown looms (Washington Post) [ As they say on SNL, ‘What’s up with that?’. Come on! Wake up! That doesn’t even cover the interest on a $14 trillion debt. And, how disingenuous of the author to write, ‘largest cut of its kind since WWII’… Not in percentage terms by a long shot! … Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] After all-night debate, House votes 235-189 to approve plan to cut $60 billion in federal funding in what'd be the largest cut of its kind since WWII.

The Four Horsemen of the Dow: Dave's Daily ‘No, I wasn't alive to watch the Four Horsemen of Notre Dame play football but I did watch the DJIA today. As you know this is a "price weighted" index. Four companies that rose today were among the priciest: BA, CAT, CVX and TRV. The rest were mixed to flat. Imagine if TPTB added AAPL or GOOG to the index. But, for most Americans, the DJIA is what they see most every day if they care. Cynically, as some say, it's just "window dressing for the tourists" to wit the current headline at the WSJ: "Stocks Close at 2 ½ Year High". Does it really matter that four stocks accounted for the positive headline? If, you're looking deeper into what's really going on in markets, sure it should. But many investors aren't that curious especially when interest rates remain near zero and POMO is ubiquitous encouraging investors to take more risks. No matter unemployment shows no sign of improving, housing is still in the dumps and key strategic countries (Bahrain, Libya, Egypt, Yemen, Algeria and Tunisia) are all aflame. There wasn't any economic data today other than Bernanke defending his policies. And, there was little earnings news. The dollar was weak and most commodities were strong while bonds sold-off. In case you're interested I'll be doing a webinar for SFO Magazine "Around the World with ETFs". You may register here to listen and comment for free. Volume for an options expiration day was light but perhaps ahead of a three day weekend is understandable. Breadth was pretty flat per the WSJ.’

Stock Melt-Up Continues to Ignore Warnings [ While I generally warn against short-selling as an investment strategy for all but the most successful speculators (there are very, very few), if there ever was a time to try your luck at same, that time is now! We’re now beyond the absurd in these overbought, overvalued, contrived, manipulated markets. See also, Dave infra, ‘…Further, the Philly Fed (riiiiight … that global hub of manufacturing activity) came in much higher than expected although inside the numbers the prices paid vs prices received disparity was the greatest since 1979. That wasn't a great time for corporate profits. Even though there's some "discussion" within the Fed over the effectiveness of QE operations another heavy dose of POMO was released to trading desks again Thursday. …’ Why Isn’t Wall Street in Jail? Matt Taibbi | Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them. This is a not too big to fail, but a too willing to pay bribes to jail - reality. (This really is beyond the pale, particularly when they trumpet prosecution of $225 million in medicare frauds while wall street’s continuing fraud in the trillions remains unprosecuted – there is no excuse whatsoever – pervasively corrupt, defacto bankrupt america is done!). ] Minyanville ‘Suttmeier, chief market strategist at ValuEngine.com: The stock melt-up has the major equity averages above this week’s pivots putting the focus on the Nasdaq and its quarterly risky level at 2853. The Dow Transports broke above the potential double-top. Stocks are ignoring the ValuEngine Valuation Warning and extreme overbought technical market indicators. The 10-Year yield failed at my weekly risky level at 3.568 after holding my annual value level at 3.791 last week. Comex gold is above my annual pivot at $1356.5 and closed above its 50-day simple moving average at $1372.2. Nymex crude oil remains below my semiannual pivot at $87.52, but is now oversold. The euro is above its 50-day simple moving average at 1.3377 with this week’s risky level at 1.3636.

New Highs for the Move for the Major Equity Averages

The Dow Industrial Average (12,288) remains extremely overbought and closed above its weekly pivot at 12,274 testing 12,303.16. The 21-day simple moving average rises to 12,063 with today’s risky level at 12,399.
The S&P 500 (1336.3) closed above its weekly pivot at 1335.6, setting a new high for the move at 1337.61. The 21-day simple moving average rises to 1306.1 with today’s risky level at 1344.4.
The Nasdaq (2826) closed back above this week’s pivot at 2811 with my quarterly risky level at 2853. The 21-day simple moving average rises to 2756 with today’s risky level at 2840.
Dow Transports (5286) tested and held its weekly pivot at 5206 on Tuesday, then breaks above its January 18 high at 5256.80 to 5306.54 on Wednesday. Today’s risky level is 5317.
The Russell 2000 (828.37) is above its weekly pivot at 811.80 with its July 2007 high at 862.00. Today’s risky level is 837.39.

We continue to trade under a ValuEngine Valuation Warning -- Sixteen of 16 sectors overvalued with only 32.4% of all stocks undervalued on Wednesday, below the 35% threshold by this measure. This also means that 67.6% of all stocks are overvalued.

10-Year Note -- (3.619) Is between my annual value level at 3.791 and my weekly risky level at 3.568.

Comex Gold -- ($1375.3) My annual pivot is $1356.5 with the 50-day simple moving average at $1372.2 with my monthly risky level at $1412.4.

Nymex Crude Oil -- ($85.00) Continues to trade below my semiannual pivot at $87.52 and is now oversold on its daily chart with today’s value level at $82.85.

The Euro -- (1.3567) Still above its 50-day simple moving average at 1.3377 with my weekly risky level at 1.3636.

Housing Starts and Permits Remain Soft -- Housing Starts increased 14.6% in January, but the gain was entirely due to a 77.7% increase in the multifamily sector. Single family starts declined 1.0% to a 413,000 annual rate with single family permits down 4.8%. Overall building permits declined 10.4%.

More Information From the NAHB Housing Market Index -- If you look at the National Association of Home Builders Housing Market Index going back to 1985 it never went below 20 until October 2007. During the 1988 to 1992 mini-crisis the lowest reading was 20 in January 1991. For the current popping of the housing bubble this index peaked at 72 in June 2005, when the CEOs of the publicly traded home builders described the housing market as the best they have ever seen.

Back in June 2005 ValuEngine had the home builders extremely overvalued and I noted their weekly price charts were extremely overbought. I wrote a piece calling for a summer 2005 peak for the home builder stocks, which proved to be a prudent market call. The NAHB HMI has been 20 or below since September 2007 and has been between 13 and 16 the past nine months. The exception was a 22 reading in the height of the $8,000 first-time homebuyer tax credit in May 2010.

The Mortgage Bankers Association reported that their weekly Mortgage Applications Survey decreased 9.5% with the Refinance Index down 11.4%, to the lowest reading since July 3, 2009. The Purchase Index decreased 5.9%, and is 18.2% lower than a year ago. A major drag is attributed to the above 5% mortgage rate, up nearly a full percentage point from the October 2010 low, in the midst of when Fed Chief Bernanke was touting that the pending QE2 program would push longer-term yields lower to help consumers. The only thing that QE2 has done is inflate an equity market to an overvalued and overbought inflating financial bubble!

The minutes from the latest Fed Meeting indicates that unemployment and tight credit conditions continues to be a drag on the housing market. History repeats: Housing peaked in mid-2005 and the recovery has been nil. Community banks peaked at the end of 2006, and Bank Failure Friday continues. Regional Banks peaked in March 2007, and toxic assets remain in the banking system. Fed policy with that ridiculously low funds rate and QE2 is masking problems that will still plague the US economy for the next several years.’

January Weather's Economic Impact: Catalyst for Overdue Market Correction? [ As pointed out infra, the Index of Leading Indicators was up only a miniscule .1% . All components are particularly vulnerable to manipulation, false reporting, and outright fraud, particularly in light of the absolute desperation of those involved in the reporting along with to whom and of course the fraudulently manipulated to the upside stock prices which are a significant component and the ultimate bootstrap, so to speak. The election also figured prominently in the manipulation and even if believed (I don’t), still not so hot and a far more grim scenario is but around the corner. That scenario is : Reality! Investopedia: What Does Composite Index of Leading Indicators Mean? An index published monthly by the Conference Board used to predict the direction of the economy's movements in the months to come. The index is made up of 10 economic components, whose changes tend to precede changes in the overall economy. These 10 components include:
1. the average weekly hours worked by manufacturing workers
2. the average number of initial applications for unemployment insurance
3. the amount of manufacturers' new orders for consumer goods and materials
4. the speed of delivery of new merchandise to vendors from suppliers
5. the amount of new orders for capital goods unrelated to defense
6. the amount of new building permits for residential buildings
7. the S&P 500 stock index8. the inflation-adjusted monetary supply (M2)
9. the spread between long and short interest rates
10. consumer sentiment ] Kaminis‘As we suspected, January weather is proving to have hampered economic activity. Blizzards and super storms rampaged across much of the nation last month, and economic reports are now showing the effects born to the economy. The latest such report, and broad reaching measure to make this case, is Leading Economic Indicators, but we've also seen data from companies like FedEx (FDX) offering good reason to adjust expectations and portfolios. As a publisher, I can give you firsthand testimony to the economic effects of January's weather. Almost all of my advertisers have reported dead business through the month, which has weighed on our own cash flow as well. January offered a rude awakening as to just how perilous are the operations of small businessmen, who have weathered the worst part of the recession, but are still just scraping by, and with little leeway for error.Economic reports should continue to prove out that the harsh weather that battered all of the country in January, especially the population concentrated Northeast, provided a speed bump to economic growth. The few January reports that have reached the wire to-date offer enough support to our case, but the stock market has not shown ill-effect as yet.The Leading Indicators Index, just reported for January, showed only a 0.1% increase. The meek result compared against December's revised 0.8% increase and November's 1.1% rise. The Conference Board, which puts the LEI together, reported that while the economic trend is expansionary, current economic conditions remain weak. The cumulative change in the LEI over the last six months is a solid 3.0%. However, the Board reported that the Coincident Economic Index, which measures current conditions, rose just 0.1%, following a 0.3% increase in December and 0.2% rise in November. Furthermore, the Conference Board's Lagging Economic Index dropped 0.1%.The factors behind the softness in January were listed as weaker housing permits and poor labor market indicators. We've posited here before that the weather likely played a role in weird results from the Labor Department last month, if not keeping depressed job searchers buried at home. We've likewise warned that the weather might throw off January's housing data, some of which has already been released, with more to come next week.Other reports have more clearly depicted the sad season we describe here. Industrial Production, reported Wednesday for January, produced a 0.1% decrease where economists were looking for a 0.5% increase. Capacity Utilization also confounded economists, falling to 76.1% from a revised 76.2% rate in December. Economists were looking for an improvement to 76.3%. Now, Industrial Production actually softened partly due to lower utility production on warmer average temperatures in January, which is a counter to our argument. Though, Factory Production in isolation and excluding motor vehicle production, rose modestly 0.1%, agreeing with our theory somewhat.
The softer data piles on. The month's Housing Starts data showed a slippage in permitting activity, as the pace slowed to 562K, from 627K in December. Furthermore, single-family home authorizations fell 4.8% to 421K. The pace of single-family housing starts also fell 1% to 413K. January's Retail Sales (and sales excluding autos) rose 0.3%, but both figures missed the economists' consensus expectations for 0.5% increases.As economists seem to have overlooked the weather in January, they have likely conveyed a certain optimism to strategists, who have likewise guided portfolio managers and analysts. As more data points are reported for January, and if they are reported significantly off, then stocks could sell off briefly over the short-short-term on a shift in understanding.Indeed, some companies have been directly impacted by the weather already, and others will likely report earnings impact in their Q1 releases. FedEx cut its projected fiscal third quarter EPS forecast to a range of $0.70 to $0.90, from $0.95 to $1.15, due to in part to "winter storms." Analysts had been looking for EPS of $1.02 on average, based on Bloomberg's data. Whether directly or indirectly, and based on my anecdotal witness, I think we can expect companies to report weather impacted results for this quarter. With economists, strategists and analysts potentially all off the mark, there's risk to stocks.Given the January weather is not an ongoing issue, you can look for analysts to blow off any negative surprises, and to guide investors to stick with their recommendations as they also save face. The weather is still considered a temporary and insignificant factor in valuation (though that's increasingly debatable given climate change), and so any damage to stocks should be only a trading hit that might open opportunities for long-term buying interests in good names. However, most technical charts, including those by our technical analyst, show a market overdue for a correction. Thus, perhaps we have here a catalyst.’

February 18, 2011: Market Summary [Caveat: This market is worse than overbought. This market is fraudulently manipulated, overvalued as preceded all other crashes and this time will be no different and in some ways worse owing to the structural shift away from pervasively corrupt, defacto bankrupt america. ] Investopedia ‘The past several weeks have been very difficult for traders who believe that the markets are headed for a pullback. It seems like any signs of weakness have been quickly overcome by the bulls and the markets continue to chug along as they race to new highs. While it is prudent to preach caution when the markets are in such a strong uptrend, the simple fact is that there is no evidence yet of a market top. It is wise for traders to respect this strength and simply recognize that the environment is overbought. In his famous quote, John Keynes stated that “the markets can remain irrational longer than you can stay solvent.” …’