How or when this global financial destruction all ends is anyone's guess. The spending supporting the dead global Ponzi is out of control and without CTRL+P and all the shenanigans of 2008 and 09 the system would have imploded long ago and we'd probably be on the road to recovery now. That would not have worked or served the globalists too well as the wrong president was in place and the police state was not fully set up to function.
The system is going to implode and you need to know and be sure of that. It is just a question of how long they can keep it afloat. Below is just one of the scenarios that I like to think will play out in the next year or so. If you have any interest in your retirement plan being confiscated by the government I suggest you read on.
"The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency." National Debt has increased more under Obama than under Bush - Political Hotsheet - CBS News. See the chart in the post. Pictures can assist in allowing your mind's eye to wrap around an issue better than words sometimes. This debt is only going to expand and rapidly as the recent budget submissions indicate, they plan on cutting nothing.
If you have never seen the U.S. National Debt Clock : Real Time check it out. My favorite figure in the chart is not the debt in the top left corner, but the $118 Trillion in UNFUNDED US Debt at the bottom of the page. Did you catch that? Wrap your head around the $118 trillion in unfunded liabilities.
Showing posts with label collapse. Show all posts
Showing posts with label collapse. Show all posts
Wednesday, March 28, 2012
Wednesday, September 14, 2011
STB Morning Post 09/14/11
I can't pull it out exactly when, but I remember a period this year when the DOW minis fell over 100 points 5 out of 7 nights and wanted to crash just like the last three nights and the markets subsequently rallied out of that set up. The euro zone is driving the minis down overnight and they are rallying to "hide" the underlying weakness by the open. I'm not sure why the markets have had two green days, but they have.
I don't know how the markets can be sure of anything given the underlying issues globally and here in the US. What we have learned here at STB is that what is isn't. You can't get caught up in what "should be". The markets are totally controlled. As stated here many times the markets are all they have between them and a revolution in this country. The pension system is underfunded and on the verge of collapsing. It can not afford another "dip" in the markets as asset values give the impression (or illusion as STB likes to call it) all is well.
I don't know how the markets can be sure of anything given the underlying issues globally and here in the US. What we have learned here at STB is that what is isn't. You can't get caught up in what "should be". The markets are totally controlled. As stated here many times the markets are all they have between them and a revolution in this country. The pension system is underfunded and on the verge of collapsing. It can not afford another "dip" in the markets as asset values give the impression (or illusion as STB likes to call it) all is well.
Monday, July 13, 2009
Let's Bang (on) Meredith
All pile on. Make it a gang bang. MW made a great call today and I believe she will be right on both counts. The up part is the easy call. How the fuck GS is gonna fall will be the miracle part. The only problem I have with her speaking this way is that she gave CNBS a shit pot load of green shoot fertilizer to spew from their mountain top that will be Crameresque (misleading) to the general public.
First I'll refer you to a meaningless and dry post from the WSJ covering her statements on CNBS today. In Analyst Meredith Whitney Bullish on Goldman you get, "However, Ms. Whitney said her bullish view of Goldman is rooted in her overall bearish outlook for the U.S. economy and other U.S. financial companies. During an interview on the financial network CNBC on Monday morning, she said the U.S. unemployment rate could reach 13% and remain elevated beyond 2010, and that most banks likely aren't prepared for prolonged joblessness at that level. The U.S. unemployment rate reached 9.5% in June. She said that bank stocks will be good buys in the short-term due to a robust mortgage business, but that the longer-term outlook for most banks was grim."
Fing brilliant! It is gonna go up and then down, so we are going to put a buy rating on GS. WTF is that all about? Well, dear readers I actually agree. We're talking about Government Sachs. The most insider oriented brokerage (oops - bank holding company) on the planet. She's right on the up first. How much fing money do you think GS made using our tax money in conjunction with their "supposed" market manipulation software? How have GS's earning been effected thru accounting manipulation allowing "specific" assets to be placed off balance sheets? How bout that "lost" quarter? She's exactly right. The government nor the fed will never cut off their right arm, not the company that supplies a vast majority of their higher placed employees.
Denninger takes some shots at MW in Merideth Whitney: The Internet NEVER SLEEPS. For once I have to agree to disagree with my buddy Karl. Karl is right in his argument, but he totally misses the point (as most P3ers do regularly and I did for the longest time as well). It is not time yet for the great collapse. The P3. The big crap. The monster fucking we'll all take when the market really shits on its self. "Our government's policy of looking the other way on blatant accounting farces through FASB changes, refusing to force banks to mark defaulted loans at the current market value of the underlying asset and outright handouts of taxpayer money through AIG as a conduit is outrageous, and worse, it guarantees that the economy will not and cannot recover as the debt still remains in the system!" . BINGO! Karl, you are right, BUT this bullshit manipulation has to work its way thru the trade. All things in good time Karl (buddy).
It took some time, but I have given into the fact that real TA nor EWT counts really work well at all right now. Fundamental analysis is dead. This fing market is running IMO on rotten analyst ratings, accounting scams and any other fing manipulative bullshit technique they can use to keep it afloat. Of course GS is gonna go up. You really freaking think they are gonna post a bad number or give weak guidance? I'll be surprised as hell if they do. In fact, you can draw and quarter me tomorrow at 9:00 if they do.
Ask yourself, who the hell is behind the depressed estimates and buy ratings? We've relieved ourselves, although inadvertintley, of the vast majority of the brokerages that were not part of the "club" and thus the gang can all get together to pump up the buy ratings and "take advantage" of this earnings trough. At the worst time in history when these holding companies need income in the worst way, you actually think they are going to do something that would not spurn a buying spree? Get real dude. They are in the business of pumping and pushing product. BUY AMERICA baby!
HA! Here is where the problem lies. They have dug their own hole and unintentionally will release the doom and gloom. Unless they come up with a "super buy" rating or for the KMart shoppers a "blue light special" on aisle 2, they can't pump these things up any more. I mean really, who the fuck is gonna put a buy rating on any freaking retailer (or insert any sector here _____) in the worst economic downturn since the great depression. Give me a fing break. Also, the banks manipulated BS earnings will collapse one day (sooner than later). IMO either this quarter or next will be the last before the shit hits the fan.
Folks it is all a bunch of bullshit and the house of cards will come crumbling down GUARANTEED here at Shanky's site. P3 will occur. The moronic and manipulated analysts will be eating crow. I'm sure most of you know my call from my Shanky's State Of the Charts Post. Option one is up then down. See, MW is just catching up with your buddy Shanky. She lags.
Both Karl and MW are right. Up then down. Even GS will crumble one day (not sure how, but it will). Just be patient P3ers and permabears. Be patient and don't bang on MW too hard.
First I'll refer you to a meaningless and dry post from the WSJ covering her statements on CNBS today. In Analyst Meredith Whitney Bullish on Goldman you get, "However, Ms. Whitney said her bullish view of Goldman is rooted in her overall bearish outlook for the U.S. economy and other U.S. financial companies. During an interview on the financial network CNBC on Monday morning, she said the U.S. unemployment rate could reach 13% and remain elevated beyond 2010, and that most banks likely aren't prepared for prolonged joblessness at that level. The U.S. unemployment rate reached 9.5% in June. She said that bank stocks will be good buys in the short-term due to a robust mortgage business, but that the longer-term outlook for most banks was grim."
Fing brilliant! It is gonna go up and then down, so we are going to put a buy rating on GS. WTF is that all about? Well, dear readers I actually agree. We're talking about Government Sachs. The most insider oriented brokerage (oops - bank holding company) on the planet. She's right on the up first. How much fing money do you think GS made using our tax money in conjunction with their "supposed" market manipulation software? How have GS's earning been effected thru accounting manipulation allowing "specific" assets to be placed off balance sheets? How bout that "lost" quarter? She's exactly right. The government nor the fed will never cut off their right arm, not the company that supplies a vast majority of their higher placed employees.
Denninger takes some shots at MW in Merideth Whitney: The Internet NEVER SLEEPS. For once I have to agree to disagree with my buddy Karl. Karl is right in his argument, but he totally misses the point (as most P3ers do regularly and I did for the longest time as well). It is not time yet for the great collapse. The P3. The big crap. The monster fucking we'll all take when the market really shits on its self. "Our government's policy of looking the other way on blatant accounting farces through FASB changes, refusing to force banks to mark defaulted loans at the current market value of the underlying asset and outright handouts of taxpayer money through AIG as a conduit is outrageous, and worse, it guarantees that the economy will not and cannot recover as the debt still remains in the system!" . BINGO! Karl, you are right, BUT this bullshit manipulation has to work its way thru the trade. All things in good time Karl (buddy).
It took some time, but I have given into the fact that real TA nor EWT counts really work well at all right now. Fundamental analysis is dead. This fing market is running IMO on rotten analyst ratings, accounting scams and any other fing manipulative bullshit technique they can use to keep it afloat. Of course GS is gonna go up. You really freaking think they are gonna post a bad number or give weak guidance? I'll be surprised as hell if they do. In fact, you can draw and quarter me tomorrow at 9:00 if they do.
Ask yourself, who the hell is behind the depressed estimates and buy ratings? We've relieved ourselves, although inadvertintley, of the vast majority of the brokerages that were not part of the "club" and thus the gang can all get together to pump up the buy ratings and "take advantage" of this earnings trough. At the worst time in history when these holding companies need income in the worst way, you actually think they are going to do something that would not spurn a buying spree? Get real dude. They are in the business of pumping and pushing product. BUY AMERICA baby!
HA! Here is where the problem lies. They have dug their own hole and unintentionally will release the doom and gloom. Unless they come up with a "super buy" rating or for the KMart shoppers a "blue light special" on aisle 2, they can't pump these things up any more. I mean really, who the fuck is gonna put a buy rating on any freaking retailer (or insert any sector here _____) in the worst economic downturn since the great depression. Give me a fing break. Also, the banks manipulated BS earnings will collapse one day (sooner than later). IMO either this quarter or next will be the last before the shit hits the fan.
Folks it is all a bunch of bullshit and the house of cards will come crumbling down GUARANTEED here at Shanky's site. P3 will occur. The moronic and manipulated analysts will be eating crow. I'm sure most of you know my call from my Shanky's State Of the Charts Post. Option one is up then down. See, MW is just catching up with your buddy Shanky. She lags.
Both Karl and MW are right. Up then down. Even GS will crumble one day (not sure how, but it will). Just be patient P3ers and permabears. Be patient and don't bang on MW too hard.
Wednesday, July 1, 2009
Bad News Is Good News - That's The Norm Now
Took the kids to the new Transformers movie. Pretty good but 2:27 is a bit long. So, things will be a little different tonight. The usuals have all been read or really don't have any new good stuff and I'm to spent to rant, but one is brewing.
From Seeking Alpha - Closing Update for Wednesday, July 1 is always a good round up of the day's action, but I want to bring the point up of the absolute BS that happened today. "ADP report before the market opened this morning showed private companies shed 473,000 jobs in June. Although that figure was more than the Reuters average estimate for 393,000, it was less than the 485,000 jobs lost in May" and "the Institute of Supply Management's June manufacturing gauge, read 44.8 in June. That's up from 42.8 in May. A reading below 50 signifies a contraction, but the reading was higher than economists' average forecast for 44.5, according to Thomson Reuters." and "the Commerce Department says construction spending dropped 0.9 percent in May, nearly double the 0.5 percent decline that economists expected. Adding to the signs of weakness, activity in the past two months was revised lower."
So the market shot up and closed almost 1% higher. Guess everyone took Dennis Kneale's recession is over speach to heart or GS and the crew were hard at work pumping up the markets on another low volume day. Lets not forget how well the automakers did today! This shit is really screwed up.
In a SA report the permabears may like (if this is a SA best pick - they may be hurting)- Why the Dow Is Headed to 6000 - It's OK with some sound reasons for the impending fall.
In SA another - The Next Major Financial Crisis
you get to hear how Warren Buffett thinks things will stay bad for a while.
Looks like I need to get SA certified to spice things up over there a little bit. Decent reporting but lacking any teeth if you ask me. Might want a double late to go with those exciting SA reports hugh.
Cali starts pumping out IOU's tomorrow. Things will get very interesting soon. This is a big deal and other states are bound to follow. I don't think we've been told the truth about the condition of some other states.
No charts because we're in no man's land right now. Mines and barbed wire everywhere. Best just to stay put till the path has been cleared. Low vol holiday week. If we go up we take out the bear market top channel line. We are at a major inflection point. I'm actually thinking more upside 938 to 955 double top before falling to 847. I can't get away from the manipulation theme and (again - still harping on it) it will take a major outside event to take control of the market from the manipulators. If nothing happened today with all that negative news then WTF, I ask? Manipulators are obviously in control. Don't fight 'em.
GL trading. Thanks for the views and comments. I promise not to do a lame post from SA again. Learned my lesson there. Will try to get SA certified to bring life to a rather dull but informative site.
From Seeking Alpha - Closing Update for Wednesday, July 1 is always a good round up of the day's action, but I want to bring the point up of the absolute BS that happened today. "ADP report before the market opened this morning showed private companies shed 473,000 jobs in June. Although that figure was more than the Reuters average estimate for 393,000, it was less than the 485,000 jobs lost in May" and "the Institute of Supply Management's June manufacturing gauge, read 44.8 in June. That's up from 42.8 in May. A reading below 50 signifies a contraction, but the reading was higher than economists' average forecast for 44.5, according to Thomson Reuters." and "the Commerce Department says construction spending dropped 0.9 percent in May, nearly double the 0.5 percent decline that economists expected. Adding to the signs of weakness, activity in the past two months was revised lower."
So the market shot up and closed almost 1% higher. Guess everyone took Dennis Kneale's recession is over speach to heart or GS and the crew were hard at work pumping up the markets on another low volume day. Lets not forget how well the automakers did today! This shit is really screwed up.
In a SA report the permabears may like (if this is a SA best pick - they may be hurting)- Why the Dow Is Headed to 6000 - It's OK with some sound reasons for the impending fall.
In SA another - The Next Major Financial Crisis
you get to hear how Warren Buffett thinks things will stay bad for a while.
Looks like I need to get SA certified to spice things up over there a little bit. Decent reporting but lacking any teeth if you ask me. Might want a double late to go with those exciting SA reports hugh.
Cali starts pumping out IOU's tomorrow. Things will get very interesting soon. This is a big deal and other states are bound to follow. I don't think we've been told the truth about the condition of some other states.
No charts because we're in no man's land right now. Mines and barbed wire everywhere. Best just to stay put till the path has been cleared. Low vol holiday week. If we go up we take out the bear market top channel line. We are at a major inflection point. I'm actually thinking more upside 938 to 955 double top before falling to 847. I can't get away from the manipulation theme and (again - still harping on it) it will take a major outside event to take control of the market from the manipulators. If nothing happened today with all that negative news then WTF, I ask? Manipulators are obviously in control. Don't fight 'em.
GL trading. Thanks for the views and comments. I promise not to do a lame post from SA again. Learned my lesson there. Will try to get SA certified to bring life to a rather dull but informative site.
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