Wednesday, March 14, 2012
Afternoon Delight 03/14/02 - Disturbance in the Force
"I felt a great disturbance in the Force, as if millions of voices cried out in terror and were suddenly silenced. I fear something terrible has happened."
―Obi-Wan Kenobi, referring to the destruction of Alderaan The Force - Wookieepedia, the Star Wars Wiki
Well, we have not had our Obi-Wan moment yet (STB's "exogenous event"), but it is seems to be approaching fast. The corruption and evil tactics of the Empire have pushed the Rebel/Muppet Alliance to the tipping point, and the Rebel forces are growing and aligning against the Empire. Wars and social disturbances are rapidly increasing in both number and ferocity across the globe as the Empire tightens its grip on everything economically related. The people have had enough and are finally beginning to express their disappointment with the corrupt and oppressive self serving system of the Elitist Dark Side.
"The dark side of the Force was considered by the Jedi to be the element aligned with fear, hatred, aggression, and malice toward all living things. Such emotions seemed to increase the strength and abilities of a user of the dark side, providing a path towards personal power and the destruction or control of all opposition. It was generally accepted that use of the dark side of the Force was extremely addictive." Wookieepedia, the Star Wars Wiki Does that perfectly label the government and the stooges that serve it or what?
Does our Obi-Wan moment happen March 19th? This morning started with the resignation of the GS executive director and head of the Goldman's United States equity derivatives business in Europe, the Middle East and Africa and his scathing op-ed in the NYT. (Exemplifying what STB has railed against for years and why STB started this blog in the first place)"To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money." Ex-Goldman Exec Comes Clean On How A "Toxic And Destructive" Goldman "Rips Its Clients Off" | ZeroHedge
Well that event has been taken to another level. After pulling a few pieces of the puzzle together, a possible Death Star destructive event may be on the verge March 19th. Everyone to their X-wing starfighters! "Holy Cow Batman! It’s the HEAD of European Derivatives for one of the biggest CDS players in the world, Goldman Sachs! He’s running for the hills just days before the settlement of the largest CDS payout in the history of the industry! Lay this fact on top of the retirement of the CEO of the CME and the removal of the CME as a European Derivative Clearing Organization and you have one toxic brew." Lock The Doors & Melt The Witch Audio (h/t Soup)
The Debt Death Star is coming out from behind the moon again. Its SuperQElaser has been gunning cash into banks at an alarming rate for the past three years and the planet can not stand another inflationary blast. Will the planet implode anyway because of the destructive damage that has already been inflicted via Sith Lord Ben and Darth Timmah?
Right now the markets are in full bloom while everything else is apparently headed for the gates. Commodities Crumble As Stocks Ignore Treasury Selling | ZeroHedge. STB is in red flag/duck and cover full caution mode right now. The temptation to call a top is in my face right now like it has not been in over a year. Can they take SPX over 1400 and AAPL over $600 just to mark the spot like some Wookie marking a tree? EOQ statement prints are important, but I think they would settle for anything over 1350. Their work is dome fleecing the republic for now.
I'll post some charts in the morning. You can reference the minis chart from the morning post. Price simply held the purple diagonal STB noted Monday and Tuesday in the 1394 area.
Don't forget to sign up for STB's NCAA tournament Bracket - Games begin tomorrow! Sadly we only have 6 in the group (a far cry from the 30+ last year, but I have not been on the promo train) -
I also need some help from Stockcharts MEMBERS ONLY - the voting thingy is dead to non-members. The new rule is
Q: Why can't I vote for my favorite list anymore?
A: Only StockCharts members who are logged into their accounts can vote and/or follow Public ChartLists. The old system - which allowed anyone to vote anonymously - allowed too much abuse of the one-vote-per-day rule. The new system will ensure that no more of that kind of abuse occurs.
So if you are a member please take the time to follow and vote for -
Me - http://stockcharts.com/public/1129702/tenpp
Cobra - http://stockcharts.com/public/1684859/tenpp
Daneric - http://stockcharts.com/public/1890263/tenpp
GL and GB!