Thursday, May 28, 2009

Thusday Market Wrap

Well, well......isn't this interesting. Down one day, up the next, down up down up.....called a trading range...light volume.....end game sill ST in doubt.

My AM post showed what THIN premise the excitement was over, and the GM annoucement was no shocker. Well that didn't initially rally market, but if sellers aren't quite ready to step up, market can float higher, I didn't see super demand here either.

I AM seeing momentum divergences and my charts have me on a daily MACD sell signal. I still think this resolves in a downard break and after flushing Trillions at this shithole mess.....those that B......may be trying to keep this thing propped.....rigged maybe it is......how long can it last...this flight from reality.

Do you realize that since the FED'S existance, in JUST ONE YEAR we have DOUBLED the MONEY supply that EVER EXISTED......in 12 f%$@ months....what do you think of that?

The things you could give a hoot about are going DOWN in price....you know the stupidass JOS A BANK style of marketing....I'm still waiting for 4 suits price of one...then Im there.....of ocurse I dont wear those neck stranglers that I got.

Can you PRINT your way to prosperity? "Market sighs of relief......FED BOND auction went well....fear of higher rates subsiding....let's rally" GIVE ME A BREAK.....they are buying their onw crappy paper....a loan is made. money is created, bond is issued, then they buy it back! haa

WHO WANTS this crappy paper? IF the reserve currency was let's say the RUPEE.....would you want to be holding this toilet paper KNOWING they just printed DOUBLE the amount in existance in hust 12 months? what should that make your RUPEE in your pocket worth? ABout as worth as a 90 yr old man who has run out of Viagra....

These bankers, the FED (NOT sanctioned by gov) getting fat......sucking us dry like a leech or tick.

It's time for AMericans to WAKE UP....DEMAND CHANGE. WE OWE $99 TRILLION promised out in entitlements etc.....NEVER be able to pay up ever.

OBAMA'S plan for green energy jobs may be just more hogwash

GARY NORTH PIECE On LEW ROCKWELL SITE Deep Recession HUge Scandal

"This was big. Huge. Gigantic. The story has escalated for two weeks. But why? I think it's the economy. It's getting worse, despite assurances by politicians around the world that the recovery is near, the bottom is near, and the public should not panic. "

*WHO speaks for us, the average American that doesn't like what he or she is seeing or hearing? My friends, no one is. A $1.8 Trillion deficit doesn't even sound like a real number to most, and the avg person does NOT comprehend what is going on.

SO much has been destroyed by this last bubble and how do the people in charge try to fix it?
By DOUBLING THE MONEY SUPPLY.....inflating the problem away? havent we tried this already? look where it got us.

The economy is doubled over like it ate a carton of pure OLESTRA....there ain't enough toilet paper available to wipe its ass.

Duratek

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