Wednesday, December 09, 2009
SITTING IDLY BY
In the greatest transfer of wealth and debt from the BANKS and BIG WALL STREET FIRMS TO the American taxpayer, there seems to be a disquieting calm and silence from the masses.
Is it they d0n't even know what has been perpetrated upon them? and upon their children, I can say OUR.
There is a stench in the wind, like a spoiled land fill across the street from your home that fills the air we breathe, and we don't even put a mask on? or ask where that STENCH is emminating from?
Our "LEADERS" are so weak and disengenuous to allow the greatest theft of wealth in the history of the world to take place on their watch and be blind to it, a party to it?
Is there NO price to pay for more than doubling the monetary base in less than ONE YEAR? doubling and then some of ALL THE FIAT KNOWN to exist before that?
And such a degredatoin of US $ comes with long term interest rates near all time lows? Are you telling me that the need to borrow has never been greater, and the ball is in our court with the lowest rates ever? or are the rates lower because we are buying our own debt?
Will there be NO price to pay for such monetary folly? afraid not. The BEAR is on watch, waiting, has NOT GONE AWAY and will seek revenge.
D
Is it they d0n't even know what has been perpetrated upon them? and upon their children, I can say OUR.
There is a stench in the wind, like a spoiled land fill across the street from your home that fills the air we breathe, and we don't even put a mask on? or ask where that STENCH is emminating from?
Our "LEADERS" are so weak and disengenuous to allow the greatest theft of wealth in the history of the world to take place on their watch and be blind to it, a party to it?
Is there NO price to pay for more than doubling the monetary base in less than ONE YEAR? doubling and then some of ALL THE FIAT KNOWN to exist before that?
And such a degredatoin of US $ comes with long term interest rates near all time lows? Are you telling me that the need to borrow has never been greater, and the ball is in our court with the lowest rates ever? or are the rates lower because we are buying our own debt?
Will there be NO price to pay for such monetary folly? afraid not. The BEAR is on watch, waiting, has NOT GONE AWAY and will seek revenge.
D
RANGE BOUND......BUT FOR HOW LONG?
Retailers aren't sucking hind teet here? Banks aren't lending, consumers aren't borrowing they're saving?......sure that sounds like V shape to me!
"Castles made of sand slip into the sea eventually"
D
Tuesday, December 08, 2009
NEAR BREAKDOWN OR BREAKOUT?
Art Cashen had talked about $ INDEX 76.25 as breakout land, currently 76.23.....all those carry traders.....LONG GOLD SHORT $$...are we close to an accident?
TONS scrambling into 3 month treasuries more like stampede...what do they see?
I FEEL AN ACCIDENT IS LURKING.....$ has made big move....equities mostly shurking it off...real economy is broken...housing in SHAMBLES....
D
TONS scrambling into 3 month treasuries more like stampede...what do they see?
I FEEL AN ACCIDENT IS LURKING.....$ has made big move....equities mostly shurking it off...real economy is broken...housing in SHAMBLES....
D
STOCK MARKET DISAGREES
Survey: Few CEOs plan to hire in next 6 months
The CEOs of America's largest companies do not expect employment to significantly improve in the next six months. The CEOs expect the overall U.S. economy to grow by 1.9 percent in 2010. That would mark a slowdown from the 2.8 percent pace in the third quarter of 2009. In more positive news, the number of CEOs expecting to increase capital spending nearly doubled, to 40 from 21 percent. The number expecting sales to increase grew to 68 from 51 percent....
The CEOs of America's largest companies do not expect employment to significantly improve in the next six months. The CEOs expect the overall U.S. economy to grow by 1.9 percent in 2010. That would mark a slowdown from the 2.8 percent pace in the third quarter of 2009. In more positive news, the number of CEOs expecting to increase capital spending nearly doubled, to 40 from 21 percent. The number expecting sales to increase grew to 68 from 51 percent....
IN THE POCKET OF WALL STREET
The money supply has swelled from $800B to over $2.2 Trillion in a matter of months....most of which SITS as excess Bank Reserves doing avg American absolutely NO GOOD.
SO BANK lending and Consumer CREDIT have been FALLING, CONTRACTING....while the stock market may be trying to tell you one thing, the RAW DATA is telling us a different story...both can't be right.
DO YOU TRUST GOV STATS? GDP is a LIE? BLS EMPLOYMENT DATA A LIE?
FED wants MORE power to help ensure another financial crisis such as this NEVER unfolds again??????????????? where were they during the last 2 BUBBLES that BURST????
The GOV hs been IMPOTENT during this crisis pandering to BIG BANKS, now even BIGGER....screw you, save the fraudsters, Banksters who caused the mess in first place? that's what they have done and wait til you see the BONUSES!!!!
In a cruel twist of irony, GOV and FED had decided the way back to economic health was to transfer wealth from YOU to the Banksters.....hope you like the results....and the FED who wants MORE POWER??? will not shed a shred of light as to WHO got what.....NO ACCOUNTING FOR ALMOST ONE TRILLION DOLLARS!
A TRUCKLOAD of VIAGRA won't lift the engine of this economy...it lays here flacid as a rubber noodle.
In a BEAR MKT TIGER WOODS is a cheating whore....in a BULL MKT he walks on water as a phenom....certainly now I can't wait to see his next commercial hyping some product....what a hypocrite....but a rich one....is he a brain surgeon? no he hits a little ball...and obviously much more.
The MIDDLE CLASS already riddled, scarred, punch drunk....will be hit again with HIGHER TAXES, get ready, bend over.
Imagine TRYING to see your doctor when 30 million new patients arrive and you know it wont cost any more....well we will actually SAVE MONEY!!! haaa yeah that's why Canadians come here for health care.....and are on WAITING LISTS to even get a doctor assigned!
HEALTH CARE is going to HAMMER DOWN on already reeling SMALL BIZ, who create most jobs in country.....when the people as MAJORITY say no change or no public option, no cap n trade etc etc and GOV doesn't listen what happened to power to the people?
Bottom line, SMall BIZ has little or NO access to capital, where are jobs coming from ?? OH 2010 consensus, look for that to pump up job report....
And here we go into Afghanistan, add another $30-50B a yr we have to BORROW, with NO VICTORY remotely possible...WTF are we doing?
AND, our GOV borrowings are the greatest is history, and the rates now the LOWEST....something has to give!!!! OUR policies in past 10 years or so have seen the working class demolished, manufacturing jobs high paying ones dissapear and we have pumped up COMMUNIST CHINA to a world SUPER POWER who is trying to dominate the world by buying everything in site...and has its claws and influence almost everywhere...hoarding raw materials...and building its military.......where is the common sense, where is the justice.....where are our leaders? IN THE POCKET OF WALL STREET
*(SPX in trading zone, evidence of a breakdown increasing)
D
SO BANK lending and Consumer CREDIT have been FALLING, CONTRACTING....while the stock market may be trying to tell you one thing, the RAW DATA is telling us a different story...both can't be right.
DO YOU TRUST GOV STATS? GDP is a LIE? BLS EMPLOYMENT DATA A LIE?
FED wants MORE power to help ensure another financial crisis such as this NEVER unfolds again??????????????? where were they during the last 2 BUBBLES that BURST????
The GOV hs been IMPOTENT during this crisis pandering to BIG BANKS, now even BIGGER....screw you, save the fraudsters, Banksters who caused the mess in first place? that's what they have done and wait til you see the BONUSES!!!!
In a cruel twist of irony, GOV and FED had decided the way back to economic health was to transfer wealth from YOU to the Banksters.....hope you like the results....and the FED who wants MORE POWER??? will not shed a shred of light as to WHO got what.....NO ACCOUNTING FOR ALMOST ONE TRILLION DOLLARS!
A TRUCKLOAD of VIAGRA won't lift the engine of this economy...it lays here flacid as a rubber noodle.
In a BEAR MKT TIGER WOODS is a cheating whore....in a BULL MKT he walks on water as a phenom....certainly now I can't wait to see his next commercial hyping some product....what a hypocrite....but a rich one....is he a brain surgeon? no he hits a little ball...and obviously much more.
The MIDDLE CLASS already riddled, scarred, punch drunk....will be hit again with HIGHER TAXES, get ready, bend over.
Imagine TRYING to see your doctor when 30 million new patients arrive and you know it wont cost any more....well we will actually SAVE MONEY!!! haaa yeah that's why Canadians come here for health care.....and are on WAITING LISTS to even get a doctor assigned!
HEALTH CARE is going to HAMMER DOWN on already reeling SMALL BIZ, who create most jobs in country.....when the people as MAJORITY say no change or no public option, no cap n trade etc etc and GOV doesn't listen what happened to power to the people?
Bottom line, SMall BIZ has little or NO access to capital, where are jobs coming from ?? OH 2010 consensus, look for that to pump up job report....
And here we go into Afghanistan, add another $30-50B a yr we have to BORROW, with NO VICTORY remotely possible...WTF are we doing?
AND, our GOV borrowings are the greatest is history, and the rates now the LOWEST....something has to give!!!! OUR policies in past 10 years or so have seen the working class demolished, manufacturing jobs high paying ones dissapear and we have pumped up COMMUNIST CHINA to a world SUPER POWER who is trying to dominate the world by buying everything in site...and has its claws and influence almost everywhere...hoarding raw materials...and building its military.......where is the common sense, where is the justice.....where are our leaders? IN THE POCKET OF WALL STREET
*(SPX in trading zone, evidence of a breakdown increasing)
D
Monday, December 07, 2009
Saturday, December 05, 2009
WHAT WE SHOULD FEAR
To my Fellow Americans,
“I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within” – General Douglas MacArthur.
good one SSK
WAKE UP AMERICA
“I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within” – General Douglas MacArthur.
good one SSK
WAKE UP AMERICA
LOSING THEIR GRIP
Unemployed needing emergency funds saored to 3,859,553 underscoring "STRONG" FRI jobs data.
Retail sales were were weaker than last yr period, which was one of worst on record. IS the Consumer back? MAJORITY of retailers missed their sales estimates.
It is not clear yet if the market is consolidating to surge higher or ready for a serious decline. We are still stuck in sideways trading pattern. NO 90% up days in response to recent 90% down volume days. NO NEW DOW or SPX or RUT new high with "GREAT NEWS" but low and behold a TRansport new high for move.
I look at some TA that suggests we are correcting from one of the MOST oversold monthly reading I can find (March lows). SO I can't ignore potential for this rally to carry on, for months, for years, to new highs.
That said we had little DUBAI accident and I am wondering how many MORE DUBAI'S lay in wait. The market is running on PURE speculation and EMOTION, where the FUNDAMENTAL'S do not equal this historic rally in % terms.
SO there is also the chance of HUGE accident lurking in the dark. I think we are in uncharted territory but I have suggested to bears looking to position, going short is always risky and timing difficult and to be PATIENT.
I could be long on action alone, but the FOUNDATION for a LASTING recovery is nowhere to be found.
$ near a breakout, BOND yields near a breakout. ALL things had been going UP, STOCKS ignore HUGE upside move in $...for now, next week will prove interesting.
The tide can TURN in most unexpected ways as "GOOD NEWS" might be BAD for the bond market has been rallying for 27 years and good news could be BAD NEWS for bonds. FED may be IGNORANT but they might lose their grip on long yields.
D
Retail sales were were weaker than last yr period, which was one of worst on record. IS the Consumer back? MAJORITY of retailers missed their sales estimates.
It is not clear yet if the market is consolidating to surge higher or ready for a serious decline. We are still stuck in sideways trading pattern. NO 90% up days in response to recent 90% down volume days. NO NEW DOW or SPX or RUT new high with "GREAT NEWS" but low and behold a TRansport new high for move.
I look at some TA that suggests we are correcting from one of the MOST oversold monthly reading I can find (March lows). SO I can't ignore potential for this rally to carry on, for months, for years, to new highs.
That said we had little DUBAI accident and I am wondering how many MORE DUBAI'S lay in wait. The market is running on PURE speculation and EMOTION, where the FUNDAMENTAL'S do not equal this historic rally in % terms.
SO there is also the chance of HUGE accident lurking in the dark. I think we are in uncharted territory but I have suggested to bears looking to position, going short is always risky and timing difficult and to be PATIENT.
I could be long on action alone, but the FOUNDATION for a LASTING recovery is nowhere to be found.
$ near a breakout, BOND yields near a breakout. ALL things had been going UP, STOCKS ignore HUGE upside move in $...for now, next week will prove interesting.
The tide can TURN in most unexpected ways as "GOOD NEWS" might be BAD for the bond market has been rallying for 27 years and good news could be BAD NEWS for bonds. FED may be IGNORANT but they might lose their grip on long yields.
D
Friday, December 04, 2009
RUNNING ON EMPTY
http://www.financialsense.com/editorials/swenlin/2009/1204.html
"Bull running on emotion and speculation"
HUGE MOVE OF US $
Market clinging green, so now all of a sudden no correlation with stocks?(though big eraly move eraced) haaa GOLD OFF HUGE $50There is MASSIVE carry trade on long GOLD short US $....is it about to BLOW UP
D
BS IN EQUALS BS OUT
WATCH SPX 1117 ish yesterday high on a close (can't we even capture that with such GOOD NEWS?) we had reversal dayyesterday, down days come with increasing volume, up days with pathetic volume...all a game.
SPX 1114 was top of previous trading range.
Watch a $ move above 76.00. Gold correction could finally be here. BULK OF "GREAT" JOBS added? TEMP (XMAS) and SERVICES....what then LOSUY ISM services number from Thursday showing CONTRACTION????????????
BS IN BS OUT
D
SPX 1114 was top of previous trading range.
Watch a $ move above 76.00. Gold correction could finally be here. BULK OF "GREAT" JOBS added? TEMP (XMAS) and SERVICES....what then LOSUY ISM services number from Thursday showing CONTRACTION????????????
BS IN BS OUT
D
THROW THE CONFETTI
Job picture just getting to where the worst it was during 2001? Note improving picture in 2001 was not bottom of that bear market.
http://briefing.com/Investor/Public/Calendars/EconomicCalendar.htm data here
What are we to make of a DROP in jobless rate? Upward revisions? better than expected data?
What were the "SEASONAL ADJUSTMENTS"? DID xmas PART TIME workers really get hired?
GOLD dropped sharply and the $ rose, but now the $ rise will not hurt market right?
If things are SO good and improving why doesn't the FED let OFF the gas pedal? IF things are SO good and the stimulus is wide open won't this lead to rampant inflation?
Folks, for me, something does not add up. Contracting credit markets, bank loans falling...subdued consumer spending.....the coast is clear?
When will the market begin to SENSE CHANGE IN FED POLICY? how reckless is it of FED to keep 0% interest rates now it is SO OBVIOUS coast is clear?
D
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