LEAVE OF THEIR SENSES MASSIVE DOUBLE TOP FORMATION

*CLICK TO ENLARGE
The angle of ascent reminds me of 1998-2000

So, with the FED and GOV behind this most recent bubble, my message to the BEARS is you cannot fight this! Amounts of money have been thrown at the crisis that have NEVER BEEN SEEN BEFORE, but I have well documented my unhappiness with the results on main street.

The piece from yesterday showed how consumers aren't demanding the loans, banks are not lending, yet they have record profits again?!!

All these den of thieves are doing is trading for profit and sopping up the bonds...the ultimate reach around.

Imagine this scenario, at SOME POINT everyone is going to wake up and see, understand that we never got out of the woods nor the gate to recovery, that the causes were not identified and dealt with, that little if any justice was meeted out.

When that day comes, and especially if it comes with rates left at zero % !!!! the collapse could be shock and awe as no support for price will exist......no more tricks up sleave neither....is there another level of low beyond ZERO?

What kind of sustainable economy do you get based on low borrowing demand and low/declining bank loans outstanding? and tighter credit? Is that how you get to an expanding sustainable economy?

More people than ever are food stamps.....is that recovery? THE BS housing numbers trumpeted are pathtic by historic measures, that's not recovery...

2nd half year thru 2011 we have alt A resets, commercial real estate is in decline with vacancies galore and defaults.

Economy as repsresented by the STOCK MARKET is saying this is the BOOM OF A LIFETIME......yet we are still above 400,000 claims each week this far into it.

This is not money flowing into productive means is it?

MANIAS are hard to predict when they might end.....they always end with a BURST.

Sales of office furniture are back to 2001 levels. You buy furniture when you hire people.

State of Maryland as others are using so called stimulus money to plug funding gaps, holes caused by tax recipts declining something you can't fudge or fake.

Small business do the bulk of hiring, confidence is VERY LOW. LOW CONFIDENCE does not equal capital outlays and hiring.

Most of our economy and manufacturing went south and east....when the gov ended 2 very important protective laws, GLASS STEAGALL

and this one (SEE FOX IN HENHOUSE) see wickpedia

"The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that clarified most over-the-counter derivatives (“OTC derivatives”) transactions between “sophisticated parties” would not be regulated as “futures” under the Commodity Exchange Act (CEA) or as “securities” under the federal securities laws. Instead, the major dealers of those products (banks and securities firms) would continue to have their dealings in OTC derivatives supervised by their federal regulators under general “safety and soundness” standards. “Functional regulation” of derivatives products by the Commodity Futures Trading Commission (CFTC) was rejected for continued “entity-based supervision of OTC derivatives dealers.”[1]

PAST MISTAKES IGNORED

"In an open letter disseminated by the Cato Institute, 200 economists stated, “More government spending by Hoover and Roosevelt did not pull the U.S. economy out of the Great Depression in the 1930s. More government spending did not solve Japan’s ‘lost decade’ in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the United States today.”

ALL of our money went to bail out the banks, subsidize housing and autos, the public footing the bill and with the help of the HFT would be banks and their hedge funds.....we have record stock market appreciation......but the REAL ECONOMY STAGNATES AND PUTRIFIES.

When the bear mkt returns there will behell to pay

Duratek