A THANKLESS THANKSGIVING?

http://www.safehaven.com/article/23403/be-thankful-if-you-were-not-born-in-the-us

I DO not agree with everything in above article, but thefacts are accurate and there is NO doubt in my mind, the unregulated FEDERAL RESERVE has done more harm then good. And those who have SAVED, are NOT GIVING THANKS to a FED POLICY that gives them SQUAT RETURNS...those who choose NOT to FEED THE COMPANY INSIDERS by buying their $0 based shares just for privledge of holding a piece of paper....have NOWHERE to go for a return on their savings...a CRIME! If you had $1 MILLION in savings you could barely pay your electric bill each month with your returns, SOMETHING is wrong!

Our political process where we end up with CAREER Politicians, instead of citizens serving the citizens best interests leads to abuse. During the last term Congress became 26% richer while Americans loss wealth and became more indebted! The fact that Congress is allowed to trade in INSIDE INFORMATION is a slap in theface to EVERY AMERICAN who would be slapped in jail like Martha Stewart was. Had a POLITICO heard what Martha had and sold, or even sold SHORT that drug company, they would be rolling in dough, not rolling dough in prison......WHERE IN ANY COMMON SENSE WORLD does that make any sense? YOU WILL NOT see any bill to change this come forward, why screw a good deal? BUT WHY do these blow hards who suck on the teet of special interest groups and sell us out in a minute get these perks?

SIT-INS and protests should not be at Wall Street, it should be at "CON"gress....which has LOWER ratings then our sad president.

The US $ has staged a sort of near death rally recently, mainly because Europe is also so screwed up that for at least the short time being, makes the flimsy $ look good.....still a "SAFE" haven?

$70 TRILLION in DEBT, and a years of GDP current funded debt, expect more years of $TRILLION PLUS debt to be added to it.
IN AFGHANISTAN and parts unknown for what purpose, fighting for OUR freedom may be costing us our financial freedom.

TAXES MUST RISE, OR GOVT SPENDING MUST BE CUT OR BOTH as we approach the ZENITH OF IGNORING OUR PROBLEMS.  "SUPER" Committee was formed to deal with this issue onbly to have, surprise surprise come up with ZERO SOLUTIONS OR RECCOMENDATIONS!!!

Each rally in stocks precedes with some story about how money will be pumpd into systems or another arranged bailout to bailout the bailout in Europe, only to be followed with another story of "Euro Zone still in trouble?......YOU CANNOT PRINT NOR SPEND YOUR WAY TO PROSPERITY

GOLD and SILVER should continue to shine in a world of synchronized printing, not withstanding periodic whipsaws and retraces.

But it seems clear to me, the BEAR MARKET IN STOCKS IS BACK, and that tells me to be OUT OF ALL STOCKS, and wait for a period like 2009 to nibble back in at MUCH LOWER PRICES, JMHO

What makes it possible for the US to continue with its policies? wreckless spending and propups? LOW LOW INTEREST RATES a 10 year below 3% !!!!....IMHO this sounds more like PANIC, CRISIS and DEFLATION than Expanding economy, inflation.

if you just listen to CNBS, you get a one sided view......one sided views leave you open to be BLIND SIDED.

As we slid into OCT lows I warned of a BEAR MKT, then we saw a spirited rally, but I saw an eerie similarity to 2008 action. I don't know if I will be right again, I just know what I see....

And with all the historic VOLATILITY as registered by so many 90% volume days, this is more characteristic of bear market action, not bull markets.

YES IMHO it's time to pare back, or get out and be ready to buy at much lower prices. Could stocks rally in spite of everything? Investing is NEVER a certainty, you do your best to playthe odds and minimize risk. Many of the major markets have already broken to new lows like Japan, none of that is a good sign.

D

The American Dream

Post coming this weekend, why SPOIL it now? I've been trying my best to post a few things, and charts since beginning my new venture, running my own office furniture company.

I appreciate the loyal followers who still come to read what I have to say and peruse the charts.

I am VERY concerened going forward about being exposed to equities, there isn't much choice elsewise, I think we are back to return of principal not return ON principal.

Happy Thanksgiving...as shitty as things can be, still take time to give thanks and appreciate what we DO have

Marc

SPX BACK BELOW 50 DAY, BACK INTO ZONE, IN A BEAR MKT

NOT A GOOD SIGN FOR GROWTH

LARGEST BANK IN AMERICA COLLAPSING

ALU: CHARTS DO HELP PREDICT

Love the technology, love the forecasts, read all the opinions you want, THIS one ends up the only one that matters. I had warned months ago this stock had topped and don't get near it.

D

I THOUGHT EUROPE WAS ALL SETTLED?

Moody's issued a warning on France's creditworthiness Monday, saying that rising interest rates on French government debt caused the difference in yield between French and German 10-year bonds to widen more than 200 basis points last week -- a record for the eurozone.

"Elevated borrowing costs persisting for an extended period would amplify the fiscal challenges the French government faces amid a deteriorating growth outlook, with negative credit implications," Moody's said in a statement.

And didn't Cramer say BUY? SPX Losing thwe 1215 support zone isn't a good sign, has the Santa rally come and gone? FUTURES DOWN -18

D

SPX CHART

TALE OF 2 HEADLINES

Rise in economic gauge suggests brighter outlook AP

Deep spending cuts pose a new threat to US economy AP

Consumer Sentiment sits at near lowest levels, 3 years into recovery. If you hacve a job , great, if you don't it is difficult.
Around the world Governments are cutting spending in an austerity move to trim budgets, but not here? Gov't spending is keeping the economy at least running on 4 cylinders.

LOW LOW interest rates are goosing certain segments of the economy, but taking toll on others, to be a mortgage banker now must feel good.

WE NEED BALANCE, and tons of commercial space lays vacant....a truely jobless recovery

D

2008 HEAD FAKE

Monthly Contrary Investor, and TODAY'S CHART

http://www.contraryinvestor.com/moprinter.htm  "View from the corner office"

5 MINUTE VIDEO WORTH WATHING

http://www.snotr.com/video/8257/US_Debt_Crisis_-_2012_is_only_for_America

HUGE RISE IN CONSUMER SENTIMENT?

Read what you want, see what you can see. Another triple digit GAIN on EURO fears subsiding.....the market has become a JOKE.

D

VOLATILE MARKETS

It seems now very common place that the markets move triple digit with 80 and 90% volumes up or down of total volume, this used to be a RARE occurrence.

But we can say that this type of market behavior is more commonly found in BEAR MARKETS, know for their volatility.

One day all is lost the GREEK TRAGEDY. Next day the debt gets "RING FENCED" and the bailout mania continues. The next day a referendum spoils th emood and markets sell off, only to come rightback with a triple digit gain when that same referendum is called off. All this DRAMA!!

Yesterday the Dow lost almost 400 points! NO big deal right? It was just MORE DRAMA, coming this time from Italy....10 year yields SOARING to 7% !!!  (here we pay 2% !!)

Today I see pre market futures plus 12 on the SPX, so I am guessing......just another day in the stock market, set your worries aside.

9% unemployment here almost 3 years after the BOTTOM CAME, and recovery was hailed, but don't tell that to the many who have been lost from the unemployment roles and benefits.

Mortgage companies are doing well, lots of ACTION buying and refi's with a 30 year mortgage UNDER 4% !! and maybe 1/2 point. This is great for anyone in the market for a home, maybe not so for those trying to make the payments.

LOW LOW HISTORIC LOWS in Consumer Confidence, a boatload of indicators NOT resembling any kind of recovery based on historical data.

A WORLDWIDE CONTAGION....financial crisis is obviously STILL IN PLAY.....act accordingly.

D

RECOVERY?

WASHINGTON (AP) -- The jobs crisis has left so many people out of work for so long that most of America's unemployed are no longer receiving unemployment benefits.
Early last year, 75 percent were receiving checks. The figure is now 48 percent -- a shift that points to a growing crisis of long-term unemployment. Nearly one-third of America's 14 million unemployed have had no job for a year or more.


RECOVERY "A return to a normal condition. " REALLY?

D

HEADLINES

AIG posts $4.1 billion loss

Jefferies faces possible liquidity crunch

AMD cuts 10% of its workforce

THE MERE THOUGHT

http://news.yahoo.com/analysis-leaving-euro-carries-massive-costs-181337877.html

"Already, Italy's borrowing rates have jumped to record levels at the mere thought of a Greek default. If Greece does default, investors would be prone to think that other countries might, too — and they know full well that Italy's economy is too big for Europe to bail out.

French President Nicolas Sarkozy claimed it would never come to that.

"We cannot accept the explosion of the euro, which would mean the explosion of Europe," he said in Cannes at a summit of leaders from the Group of 20 most powerful economies.

But Europe's defenses are still weak. If it were aggressive in buying national bonds, the European Central Bank might be able for a time to keep a lid on those borrowing costs before they rose to the point that Italy's government would no longer be able to finance itself on capital markets.

On the other hand, if the ECB were to shy away from such an approach then the risk of contagion would grow. The ECB made clear Thursday it is uncomfortable playing such a role.

Greece appeared to step back from the brink on Thursday and canceled plans for a referendum. If its feuding politicians can agree to the plan launched in Brussels last week, they'll get the next batch of euro8 billion ($11 billion) in bailout money.

But even then, the problems are far from over.

True, the agreement would reduce Greece's debt — but not by much. In 2020, in the best scenario, Greece would have the same level of debt that it did three years ago."

When the crisis began.

FED DRIVEL

"The FOMC issued its most recent statement today. To little surprise, the FOMC kept its target interest rate at 0.00% to 0.25%. It also stated that the Fed remains prepared to employ its tools to promote a stronger economic recovery and that it will continue to extend the average maturity of its securities holdings. In a question and answer session, Fed Chairman Bernanke indicated that under the right conditions the Fed's purchase of mortgage-backed securities would be considered.
Just before Bernanke's press conference began the Fed's revised growth forecast was released. For fiscal 2011 the Fed expects economic growth to range from 1.6% to 1.7%, down from the range of 2.7% to 2.9%. For 2012, growth is expected the range from 2.5% to 2.9%, down from a range of 3.3% to 3.7%. Additionally, the Fed raised its long-run umemployment rate forecast to 5.6% from 5.4%."

JOB PICTURE IMPROVES?

http://money.cnn.com/2011/11/02/news/economy/challenger_adp_jobs/index.htm?iid=HP_LN

Historically WEAK in almost every respect, this "recovery" from 2009 has left MOST in the dust.

D

BACK INO TRADING RANGE

WE broke the lower range and it was NO big deal.....when we broke out above they all said "this is proof a big deal" but was it? One good throw over deserves another?

You can read the headlines.......does it matter, one day we got a EURO deal, next day GREECE pops its ugly head again....can;t wait to see headline, "Greece was just messing with us.....we got DEAL!"

D