Afternoon Delight 02/08/12 - The Coming Chaos

From the man who should be our next president. Listen very carefully. He's been right for decades and lays it out for you plain and simple. Heed his words. This is not fear-mongering, this is reality.

Ron Paul: The Coming Chaos - YouTube 

I can't add much to that. I just hope you believe his words. That you can internalize them and join the movement for real change. Change that matters. Not false political hype "hope and change" bull that has been spoken in the past. Ron Paul is the only candidate now and in the past that has spoken the truth, been totally correct on economic matters and is spot on about what's coming and how to correct it. Please support Ron and do what you can to promote his cause.

Afternoon Delight 01/09/12

Big night for those in AL and LA and for the fans of college football. I hope you like low scoring defensive struggles. The total is 40 points, STB likes the under. As for a winner, you can throw a hat over them. Should be a great game with the SEC winning its 6th consecutive national championship.

Sorry bout that, after that most exhilarating day in the markets I got sidetracked. What is there to report on from the markets? Well the Merkozy meeting was a big zero. AA earnings (and the markets reaction to them) were a dud. LIZ and another downgrade brought nothing. Italy yields over 7% and consumer borrowing spiking were non events also. Even PIMCO's Elmer Fudd El-Erian: QE3 Won't Produce The Outcomes We Want did not budge the markets. Looks like the central planners have the sheeple right where they want them, on the sidelines unable to sway the markets in either direction.

Afternoon Delight 01/05/12 - Total Control

Well, if you are confused, don't be. I know the feeling. The problem is that you are not in touch with reality. Reality check! Reality check! You must remember that you are now living in a centrally planned environment where nothing happens without some sort of hall pass from the Fed, Treasury or Obummer. It is a lot like living in China or the USSR, you just did not see the changes as they happened quietly and conspicuously over the past few years.

My how times have changed. Dump all regulation, change the accounting rules, crank up the printers and remove the 4th, 5th and 6th amendments from the Constitution and POOF we now live in a brave new world. When did all this happen Shanky, I missed it? Well, you were not looking and I can't rehash all of that, but if you google NDAA that will be a great place to start, or you can read America's Socialism Tsunami | Conservative Outpost.

Afternoon Delight 12/15/11 - Indefinite Internment

The markets are a huge issue right now, but there is a far more important development we need to focus on. As for the markets, the EU summit and the FOMC meeting both came and went without any form of resolution to the crisis in the EU nor with more easing from the Fed. That leaves a gaping hole in the markets defenses for the bears to exploit. STB has been looking for a move to 1040 to come in order for the central planners to have the support (fear/desperation) to be able to deliver more stimulus.

I was very pleased to see Citi Near Term Stock Forecast: 9300 In The DJIA; 985 In The S&P; Sees Chart Analogs To Pre-World War Periods | ZeroHedge confirming a lot of what I have been calling for over the past 6 months. More recently I have been allowing the central planners to halt the current slide because of opex Friday and Christmas on the way, but after the 24th "all bets are off". My 1218 backtest call halted the upward movement this morning nicely. Was that it for the upside here? More than likely I think so, but we still have to get thru next week and 1200 round level support below.

After hours the RIMM disappointment and this announcement - Fitch Downgrades 8 Global Banks Including BNP, SocGen, BofA, Deutsche, And Morgan Stanley have not budged the futures. I guess big tech and banks no longer matter to the markets.