Morning Post 09/30/11, SPX

"In case you haven’t noticed lately, the market doesn’t move on good or bad earnings or economic data, it moves on political rumors and innuendo about government’s willingness to continue the TARP/cheap money/QE lifeline to the terribly over-leveraged banking sector." Kinda says it all. This from Guest Post: The Politics Of Consistently Bad Legislation | ZeroHedge.

I know you hear Soup, myself and others constantly moaning and groaning below about the rumor driven BS farce this market has become. It is always nice to get confirmation from other more respectable sources than this lowly blog that has yet to emerge to the lofty heights it deserves. STB 3.0 is on the way! Then the street cred grows.

What has become of this country and how screwed up is this administrations actions? Read this and try not to puke - State Gets $5 Mil Bonus For Food Stamp Sign Up | Judicial Watch. "In its quest to promote taxpayer-funded entitlement programs, the Obama Administration has actually rewarded one state with a $5 million bonus for its efficiency in adding food-stamp recipients to already bulging rolls." You can only ask, WTF? I guess you can call that a kick back for increasing the democratic voting base.

Afternoon Delight 09/29/11

How bout that end of day ramp action! Gotta love it. STB is really glad to note that the market rallied because, ....because, ....I'll have to get back to you on that one. I'm sure some other reason than an end of quarter statement print that the hedge funds had to have or the PPT salvaging 11,000 on the DOW was the reason. Maybe the latest rumor that they will have another meeting to discuss the failure of the EFSF and how to bolster that program this evening was it? Who knows? I'm sure CNBS will come out with some valid reason soon.

If you missed the Morning Post - it is chocked full of all sorts of charts - Shanky's Technical Analysis and Market Commentary: Morning Post 09/29/11, USD, AUD, EUR, JPY, Gold, Silver, Oil, SPX, DOW, Copper 

On to the news today -

Afternoon Delight 09/28/11 Mini Rant

Scrolling thru the news that past few days has my level of concern for our safety and privacy (basic Constitutional rights) rising yet again. STB and the commenters report daily on issues where we the people are being taken advantage of (in the terms of Constitutional rights being interpreted by the government for our their best interest regardless of the laws in place).

I think it is that time again where I bring to light issues facing you daily that you really need to be aware of. This is serious stuff. When you hear the term "police state" thrown around, maybe next time you won't dismiss it as quickly as some sort of conspiracy jargon.

Lets start with this video from Washington's Blog and MSNBC - Please take the time to watch this:

Morning Post 09/28/11, SPX

Do you really want me to rehash the the Greece will be saved, will not be saved, will be saved, will not be saved, will be saved, will not be saved, will be saved, will not be saved, will be saved, will not be saved, will be saved, will not be saved, will be saved saga? I did not think so.

Heck the US is barely staying afloat. It just narrowly avoided the umpteenth government shutdown in the past three years. $15.1 trillion in debt and they want to must print more just to keep the doors open.

You are investing in a rigged market that reacts to rumors of hope of recovery and denials about reality. The market must stay at elevated levels to keep the illusion alive that all is well. Right now markets are teetering on the brink of another collapse. Well, they have been for quite some time. What is different this time than last? The debt keeps growing and they have done nothing material to address the underlying fundamental issues surrounding the crisis. They keep kicking the can playing extend and pretend like the problems will magically solve themselves.

Afternoon Delight - 09/27/11

So what, they need more money - what's new? FT Report That Greek Bailout Package On The Verge Of Collapse After Surge In Greek Funding Needs Sends Stocks, Euro Plunging From Highs | ZeroHedge

Must watch video - describes everything we discuss daily about the corruption in the corporate system. John Perkins - Confessions of an Economic Hit Man - is really well informed and easy to listen to. The Global Elite’s Crime Syndicate with Economist John Perkins Alex Jones' Infowars: There's a war on for your mind!

Gotta listen to Ron Paul whenever he speaks - The Daily Show with Jon Stewart - Political Comedy Ron Paul Interview | Comedy Central

Solar storms they are a comin. Thanks to RC, KD and others, STB readers have known about storm 1302 for over a week. Earth in cross-hairs of huge solar storm caused by sunspot 1302 | Mail Online

Morning Post 09/27/11, SPX

HOPE reigns. Ah, we live in the glossy world where the governments will take care of all problems and issues. Hakuna matada mate. Never mind joblessness or housing or hunger or never ending wars or MENA issues or inflation or DEBT or liquidity issues or CDS spreads or bond yields or systemic risk or under capitalized banks - none of that matters. The governments and central banking will take care of everything. As long as the markets maintain acceptable levels and appropriate rumors are floating then all the issues will be addressed and all is well.

Makes you sick, but that has nothing to do with investing. Sadly we've moved from a Fed/QE driven illusion to a rumor supported farce (or BS as noted in a recent tweet). Which is worse? Bottom line is Greece will rear its ugly head again in a few months (actually they are not out of the woods yet as, again, we only have rumors that all is well). After the first bailout they made it a year, then after the second about 6 months, now it is almost a monthly issue.

Afternoon Delight 09/26/11, SPX

If you have not seen this post and the video in it, please do so now - BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World" | ZeroHedge

This is just lovely - U.S. Government Used Taxpayer Funds To Buy, Sell Weapons During 'Fast And Furious,' Documents Show | Fox News "Not only did U.S. officials approve, allow and assist in the sale of more than 2,000 guns to the Sinaloa cartel -- the federal government used taxpayer money to buy semi-automatic weapons, sold them to criminals and then watched as the guns disappeared."

Same tax rate as a Jew? What? New gaffe: Obama confuses Jews with janitors - latimes.com "Now, watch the C-SPAN video below, and listen especially to the phrase "the same tax rate as a janitor...""

Morning Post 09/26/11, SPX

Other than global default the news of oppression in the land of the free may be the most important thing to be paying attention to at this time. Two stories over the weekend stand out. First the crackdown on the Wall St. protests that the government is obviously growing tired of. Pretty sure the powers that be are saying, (in your best Thurston Howell III voice) "Won't these people just go away?" and have made a few calls to make that happen.

Police Brutally Suppress Wall Street Protest is a post from Washington's Blog you must see. What happens when police grow tired of peaceful protesters? Take a look for yourself. Brutally arrested for just standing on the street talking to a cop. Pepper sprayed for just standing on a street corner? Won't be long till some maniac cop shoots someone. Think I am exaggerating? Video evidence proves it. Bottom line is tot the "system" these people are out of line. They are disrupting the peace and need to go home. WRONG! These people are being American and displaying their Constitutional rights.

Want to expand the police state to a non governmental agency? Sure why not! Here Comes FIATtackWatch: Ben "Big Brother" Bernanke Goes Watergate, Prepares To Eavesdrop On Everything Mentioning The Fed from ZeroHedge paints another nasty picture of the deterioration of our freedoms and expansion of the police state. Welcome to STB a new handler v 2.0 since fraud, Bernanke, market manipulation and a few other "distasteful" tags are used almost every day on this blog.