Know what - I got to thinking (I must be hitting rock bottom), why not just put all our effort and energy behind getting Obummer reelected? Why, simple, if we need a total collapse and reset of the system I can't think of anyone that would get us there on a faster course. All the others would find some way to instill hope (God I hate that word now) for another year or two before the inevitable comes anyway. Let's just get this over with. The sooner the better.
On the other hand if he does not get reelected it will clearly be a racial event. It will be because he's black (well whatever ratio of black he is - not sure how that falls into consideration) and this nation will explode with racial tension. They have the ultimate puppet as POTUS. Divide and conquer is their MO and either way they will continue to drive a massive wedge down the center of this country to maintain their power base. Either way, trouble is coming in a big way.
Aw screw it, none of that is going to matter anyway. Greece is gonna implode the total system this month anyway. You see all the lies about positioning and PSI and the such are to be out in the open soon. "If so, this means that a whopping 80% of the bonds subject to exchange are unaccounted for, and more importantly, it means that the likelihood of a major blocking stake having organized is far greater than even we expected." IIF Steering Committee Holds Only 20% Of Greek Bonds Subject To PSI | ZeroHedge. The way I read that it says that the tables have been turned and the ones that had the world by the balls are now exposed.
Hey, I fond this awesome investment for those looking for safety in the bond market. You know a place to park your cash and earn a little interest while you wait. Times are tough and I'm not all sure the stock market is the place to be. I don't want all my money in physical gold and silver. Why don't you look into Greek 1 Year Bond = 1006% | ZeroHedge. I'm not sure you can get that rate anywhere else in the universe. If you want to wait on Portugal and Spain that's OK, I get it. They will be at these awesome rates of interest sooner than later as well. Of course there is some real interest rate risk that must be considered. All is well, move along.
Well, if the Greece implosion, or our debt or the NDAA does not get us in the next year maybe 2012 DA14 will. Maybe the Mayans missed their event by a couple of months (you know doing ancient math and trying to nail a specific date 5,000 years in the future, it's OK to be off by a couple of thousandths) "According to NASA, there is a distinct possibility that an asteroid recently identified by star gazers in Spain could hit Earth around February 15, 2013. Based on its size and trajectory, it’s estimated that the 60 to 100 meter wide asteroid, dubbed 2012 DA14, could be similar in scope and devastation to Tunguska should it enter our atmosphere. Trajectory Unclear: Feb 2013 Asteroid Will Be Within Thousands of Miles of Earth Alex Jones' Infowars.
If nothing the music and animation are killer!
I tell you what, screw it. Stop paying your bills, quit your job, and let's just all party like this will be a real event. If it does not happen the financial implosion will be just as devastating and that is guaranteed to happen! Who needs to pay their mortgage anyway, these good folks have not in 5 years! They seem to be gaming the system just fine and loving life. Couple Lives In $1.3 Million, 4,900 Square Foot Home For Five Years Without Making A Single Mortgage Payment | ZeroHedge.
Speaking of devastating things. Breitbart's videos will be released in the next few weeks (not to mention Sheriff Joe's continuing birth certificate fraud evidence). For those that did not know Breitbart, he, at 43, sadly died the other day while walking down the street. This was the man that brought down ACorn and who was getting ready to destroy the Obummer administration. You may have the NDAA to thank for this being a legal act (not) if it was proven someone had him taken out.
This is gonna be awesome and STB will cover this blow by blow. Bretibart's attack on the system, "We begin with a column Andrew wrote last week in preparation for today’s Big relaunch--a story that should swing the first hammer against the glass wall the mainstream media has built around Barack Obama."
I urge you all to read this. "Because the mainstream media did not explore his roots, the American public remains largely ignorant of the degree to which Obama’s work with ACORN and his love of Alinsky were symbolic of his true political will." The Vetting, Part I: Barack's Love Song To Alinsky
As for the markets - LMAO - they are what they are. All we can do is wait for them to slip. I assume (not call) the top is in on the futures at 1377, but we've been surprised before haven't we. This time may be a bit different with Thursday and Friday being tremendous days for Greece and the LTRO2 having been a big dud. Then there is always the FOMC meeting to keep hope (there is that word again) alive till the 13th. Finally the 20th is Greece's D Day.
It happens this month and I suspect we'll all see it when it does. Someone will break ranks and lead the charge trying to get one up on the rest of the BD's. Look for the Gap and then you may pounce. Till then you can scale in cautiously with appropriate stops "just in case".
BAck in the summer I was looking for a mover to 1040 and the announcement of QE3. Insttead I got a move to 1070 and stealth QE. they have kept QE3 alive in the minds on the investing public as hope (,,,,) for further easing and market levitation. Well, I still think the same as the next crash (to whatever levels they deem appropriate) will be saved by the last ace in the rigged boot, QE3.
SPX 60m - At this time (not putting the cart ahead of the horse) My first two targets will be the fib and support combinations of 1295 then 1265. How far will they let things slide in an election year, who knows? I do know that they can not let this market fail under any circumstances and must have things all rosy and bright by the time November rolls around. If that head and shoulders works out you can look at 1220 or worse (just to complete the head of a larger formation.
GL and GB!