What is not surreal these days? I report on varying topics nightly that are mind blowing in the sense that they can't be happening but do every day. I'm not talking about bungee cords busting or Beyonce's baby. I'm talking about things like insolvent banks running the worlds governments. Out of control governments printing and spending money like there is no problem with that. The Fed and Treasury in cahoots with Wall St. and the government to rig the equity markets to give the illusion all is well. The US government (or any for that matter) intentionally distorting economic data to give the impression that we're recovering from the recession. The US becoming a massive police state where breaking wind will be a fineable offence and they will have the detection equipment on every street corner and your DNA to prove you did it. Heck that is only in the US and I'm not going into global events.
Welcome to a centrally planned state where you no longer have any control. What is really freaking me out is that we'll most likely have Mitt as the next president. What is surreal? The fact that Obummer is even being considered as a candidate who has raised more money than anyone else (think about that for a minute) when Americans, 2-1, Fear Obama's Reelection. The fact that Mitt is a carbon copy of Obummer scares me the most. They all are carbon copies of each other (except Ron Paul which is why he's so scary - Oooooo). Plug-n-Play presidents that will do whatever the establishment wants when they hit the oval office is all this group of candidates are (Note: nothing related to the presidency here gets capitalized anymore). Nothing but lipstick on a new pig.
We are so, so, so screwed -
Showing posts with label stock market crash. Show all posts
Showing posts with label stock market crash. Show all posts
Tuesday, January 10, 2012
Thursday, September 22, 2011
Afternoon Delight 09/22/11
Don't forget to vote in the new poll to the right ========>
Nothing good is happening right now. As STB has speculated "they" are in trouble and their hands are tied till they can get some room with the next debt ceiling vote and get the budget issues straightened out (like...who needs a budget anyway as they approach 900 consecutive days without one).
As I was speculating back in June (when STB called for July to have the potential to be one of the worst months ever - It topped July 7th) financial blackmail is happening via market levels as "they" will tank the market to force congress into a more accommodating debt ceiling raise. This is all political.
I love it when the stars align with my prognostications.
Nothing good is happening right now. As STB has speculated "they" are in trouble and their hands are tied till they can get some room with the next debt ceiling vote and get the budget issues straightened out (like...who needs a budget anyway as they approach 900 consecutive days without one).
As I was speculating back in June (when STB called for July to have the potential to be one of the worst months ever - It topped July 7th) financial blackmail is happening via market levels as "they" will tank the market to force congress into a more accommodating debt ceiling raise. This is all political.
I love it when the stars align with my prognostications.
Sunday, March 28, 2010
$SPX S&P 500 980 Target In June?
See annotations. Of course this point is so obvious that Bernanke has seen it and will most likely counter it with a move to 36,000. Enjoy your Sunday.
Wednesday, September 23, 2009
What A Relaxing Afternoon!
I feel great! Gonna make it a quick late post tonight. Great action this afternoon as the market told Benny and the Jets to stick it after the pop up after the announcement. I feel for those bulls that ran it up right after the statement. It is my turn to sleep well tonight and their turn to figure out what happened.
Zero Hedge had a great news day today. Tons of good stuff over there. I picked Over $7 Billion In Domestic Equity Mutual Fund Outflows In September. $2 Billion In Outflows Last Week to cover here. Simple post with a great message and chart, "ICI has released its most recent fund flow data, and while overall flows have been positive, this has been exclusively due to a ramp up in taxable and municipal fund inflows. In equities, there has not been one positive inflow since August 12. Last week saw a $2 billion outflow from domestic equity mutual funds, bringing the total for the last month to $7.1 billion. Attached are equity flows superimposed over the performance of the SPY." OK, so the market has been ramping wile the MF's have been aggressively pulling out of equities (guess there WAS something to all that insider selling going on. Look for more defections as the month comes to an end and they try to protect the QE statements.
Prag Cap has WHY DOES THE MARKET KEEP GOING UP? This is a nice step back from hearing me and the rest of the blogosphere bitch about manipulation and ramp jobs, "This is a question that confounds those on the sidelines and aggravates the bears to no end. Many attribute it to some sort of bank or government engineered conspiracy theory. Others say it is simply performance chasing by large money managers. Personally, I find the answer in the psychological."
The Market Ticker brings home Watch That Thesis! (FOMC Announcement). Don't you know Karl probably ate a hole in his chair waiting to get his hands on this one. LOL, he does a good job ripping it apart and then actually makes a trading call, "Nice shelf to get short at; take it down if we break materially over 1080. Either economic fundamentals assert themselves as deserving of these valuations or we're a solid 2,000 DOW points (and 200 SPX points) or more above where we should be. As a trade the risk:reward looks better than it has in months; you're risking ~10-20 handles on the SPX to potentially capture 200!" I agree 100% and will probably say something very similar (as I have been for a while) in the am.
Naked Capitalism (as well as ZH and now me) has Guest Post: William K. Black’s Proposal for “Systemically Dangerous Institutions”. A nice short and concise post by Professor Black on how to fix this mess, Since he has "some background" in fixing bank issues.
This is some must read juicy shit right here, ZH has Is The Fed Hiding Gold Swap Arrangements With Foreign Central Banks?. More on this will follow soon, and this emphasizes the need for Ron Paul's 1207 legislation. Folks, this is where the big boys play ball and manipulate the dollar and gold markets behind the scenes (and they say they can't predict the prices of certain assets, hell, they control EVERYTHING!).
On a side note, Mish has I Endorse Peter Schiff For Senate. I could not agree more. Peter and Rand Paul are two we need to get behind. Why am I bringing politics in here, cause we got to take the trash out and get some people in office that are not hand maidens to the ruling elite. We need some bad boys that follow their own path. You can see a recent video post I did with Peter HERE. If you have a politician that should be supported for election, send me an email and a link to their site. This election is gonna be a big deal and I want the right people promoted as much as possible.
Thanks for the views, comments and emails.
GL Trading!
Zero Hedge had a great news day today. Tons of good stuff over there. I picked Over $7 Billion In Domestic Equity Mutual Fund Outflows In September. $2 Billion In Outflows Last Week to cover here. Simple post with a great message and chart, "ICI has released its most recent fund flow data, and while overall flows have been positive, this has been exclusively due to a ramp up in taxable and municipal fund inflows. In equities, there has not been one positive inflow since August 12. Last week saw a $2 billion outflow from domestic equity mutual funds, bringing the total for the last month to $7.1 billion. Attached are equity flows superimposed over the performance of the SPY." OK, so the market has been ramping wile the MF's have been aggressively pulling out of equities (guess there WAS something to all that insider selling going on. Look for more defections as the month comes to an end and they try to protect the QE statements.
Prag Cap has WHY DOES THE MARKET KEEP GOING UP? This is a nice step back from hearing me and the rest of the blogosphere bitch about manipulation and ramp jobs, "This is a question that confounds those on the sidelines and aggravates the bears to no end. Many attribute it to some sort of bank or government engineered conspiracy theory. Others say it is simply performance chasing by large money managers. Personally, I find the answer in the psychological."
The Market Ticker brings home Watch That Thesis! (FOMC Announcement). Don't you know Karl probably ate a hole in his chair waiting to get his hands on this one. LOL, he does a good job ripping it apart and then actually makes a trading call, "Nice shelf to get short at; take it down if we break materially over 1080. Either economic fundamentals assert themselves as deserving of these valuations or we're a solid 2,000 DOW points (and 200 SPX points) or more above where we should be. As a trade the risk:reward looks better than it has in months; you're risking ~10-20 handles on the SPX to potentially capture 200!" I agree 100% and will probably say something very similar (as I have been for a while) in the am.
Naked Capitalism (as well as ZH and now me) has Guest Post: William K. Black’s Proposal for “Systemically Dangerous Institutions”. A nice short and concise post by Professor Black on how to fix this mess, Since he has "some background" in fixing bank issues.
This is some must read juicy shit right here, ZH has Is The Fed Hiding Gold Swap Arrangements With Foreign Central Banks?. More on this will follow soon, and this emphasizes the need for Ron Paul's 1207 legislation. Folks, this is where the big boys play ball and manipulate the dollar and gold markets behind the scenes (and they say they can't predict the prices of certain assets, hell, they control EVERYTHING!).
On a side note, Mish has I Endorse Peter Schiff For Senate. I could not agree more. Peter and Rand Paul are two we need to get behind. Why am I bringing politics in here, cause we got to take the trash out and get some people in office that are not hand maidens to the ruling elite. We need some bad boys that follow their own path. You can see a recent video post I did with Peter HERE. If you have a politician that should be supported for election, send me an email and a link to their site. This election is gonna be a big deal and I want the right people promoted as much as possible.
Thanks for the views, comments and emails.
GL Trading!
Tuesday, September 22, 2009
Frustrating As Hell, Isn't It?
Zero Hedge - Michael Pettis Extended Interview. Want to know about China being totally screwed no matter which fiscal policy it decides to take? This is a must watch. Really good.
The Market Ticker - CORRUPTION: Reverse-Insurance?! (FDIC). "In the world we live so-called "government officials" of the FDIC feel free to engage in such sham transactions, smug in the knowledge that The American Sheeple, along with their handmaidens in Congress, can be counted on to allow a blatantly-fraudulent exercise such as this to be consummated - where the banks that are beneficiaries of FDIC insurance (and whom have also issued literally billions of dollars in covered bonds on an issuance-insurance program that has no legal basis in the foundational principle of the FDIC in the first place) not only do not have to pay for the insurance coverage they enjoy, but actually get paid to have it instead. I couldn't make stories like this up if I tried." It is shit like this that makes your head spin. This story can be read on almost every link I have in my blogroll, all with equal disdain.
Mish - "Buy The Dip" Mentality Fully Entrenched. "Thus, suggestions to "Buy the Dip" based on sideline cash not only shows a lack of understanding about how markets work, they also show a lack of understanding about how extreme sentiment is among retail investors and fund managers, even as insiders (who likely know much more about business fundamentals) are selling hand over fist. Risk is not high, it is extreme." LOL, this is the shit your fund wholesalers bring into your office to sell your advisors on.
PragCap brings us “THE FUTURE WILL BE A TOTAL DISASTER” interview with Marc Faber on Yahoo Tech Ticker. At least I know I am not the only total doomsdayist on the planet.
Via The Big Picture's daily readings you get Market Talk's The Pinocchio Recovery. A delightful little post with, "Now, I see a recovery that looks like Pinocchio: it wants to be a real little boy, but it’s really just a wooden toy that moves only when somebody pulls its strings. But everywhere, we hear people talking up the recovery as if the economy is sprinting into a new bull market."
One last post about IMO the greatest deceiver of them all. Zero Hedge - Themis Trading Responds To Jim Cramer. (Cramer video here - if you can handle it.) Will someone please que John Stewart again please.
That is enough for tonight. Fraud, lies, criminal activity, and outright lawlessness rules the day. I told you they would protect the market at all costs. It is all they have left between them and total anarchy. Expect the bullshit to continue. Quit being surprised at every ramp job. They are backed into a corner and have all guns ablazin. Don't stop being outraged at the rape of our financial system, our futures and our constitution.
GL trading.
The Market Ticker - CORRUPTION: Reverse-Insurance?! (FDIC). "In the world we live so-called "government officials" of the FDIC feel free to engage in such sham transactions, smug in the knowledge that The American Sheeple, along with their handmaidens in Congress, can be counted on to allow a blatantly-fraudulent exercise such as this to be consummated - where the banks that are beneficiaries of FDIC insurance (and whom have also issued literally billions of dollars in covered bonds on an issuance-insurance program that has no legal basis in the foundational principle of the FDIC in the first place) not only do not have to pay for the insurance coverage they enjoy, but actually get paid to have it instead. I couldn't make stories like this up if I tried." It is shit like this that makes your head spin. This story can be read on almost every link I have in my blogroll, all with equal disdain.
Mish - "Buy The Dip" Mentality Fully Entrenched. "Thus, suggestions to "Buy the Dip" based on sideline cash not only shows a lack of understanding about how markets work, they also show a lack of understanding about how extreme sentiment is among retail investors and fund managers, even as insiders (who likely know much more about business fundamentals) are selling hand over fist. Risk is not high, it is extreme." LOL, this is the shit your fund wholesalers bring into your office to sell your advisors on.
PragCap brings us “THE FUTURE WILL BE A TOTAL DISASTER” interview with Marc Faber on Yahoo Tech Ticker. At least I know I am not the only total doomsdayist on the planet.
Via The Big Picture's daily readings you get Market Talk's The Pinocchio Recovery. A delightful little post with, "Now, I see a recovery that looks like Pinocchio: it wants to be a real little boy, but it’s really just a wooden toy that moves only when somebody pulls its strings. But everywhere, we hear people talking up the recovery as if the economy is sprinting into a new bull market."
One last post about IMO the greatest deceiver of them all. Zero Hedge - Themis Trading Responds To Jim Cramer. (Cramer video here - if you can handle it.) Will someone please que John Stewart again please.
That is enough for tonight. Fraud, lies, criminal activity, and outright lawlessness rules the day. I told you they would protect the market at all costs. It is all they have left between them and total anarchy. Expect the bullshit to continue. Quit being surprised at every ramp job. They are backed into a corner and have all guns ablazin. Don't stop being outraged at the rape of our financial system, our futures and our constitution.
GL trading.
Tuesday, September 15, 2009
Hurricane Katrina - Revisited
Despite the markets actions the economic picture continues to paint a picture that looks like the Cat 5 hurricane is looming off shore. As each approaching band sweeps across the landscape another home is wiped out, another job is lost and all while the undertow slowly erodes what's left of the financial foundation of this country.
Sadly we did not have an early warning system set up for this catastrophe. Apparently all the buoys in the world could not see this storm coming. You see, the transponders had all been turned off allowing this storm to approach quietly, unsuspectingly. We all were punch drunk in the Fed's casino and at 4:35am when they shut down the credit window we were all SOL. We were not ready when the credit levies failed.
Then just as FEMA horribly mismanaged Katrina, the Fed, Treasury and current administration have screwed this recovery up as well. Instead of pulling the people from their flooded houses and getting them safe, they have taken all disaster relief to the TBTF's and left us to wade in the carnage, sewage and filth of crisis.
We have been left for dead while the city and the big businesses get saved first. We're stuck at the Super Dome and can't get out. All the bridges are out. There are no life lines and apparently communication to the government has been cut off. President Nagin (I mean Obama -sorry for that horrible unintentional reference) is more concerned about other things right now than helping the people of the country. The media coverage is focused on everything but the struggling individuals left to survive in more than adverse conditions. Pay no attention to the millions of unemployed swimming in the feces laden pool of debt that the TBTF's were allowed to create.
Recovery will be swift. We will rebuild. We have funds to get you back on your feet. Jobs will be created and all will be restored to normal. Meanwhile report to your local credit councilor and turn in your firearms. We're here to help.
Sadly we got screwed again. Only this time the country is being laid to waste and not just New Orleans. The levies are being rebuilt (bubble re inflation) and they will protect us from all future storms. Really, now? You will be able to return to your homes. Really, now? New Orleans will return to the once great city it once was. Really, now? Residents of New Orleans, your lives will return to normal soon.
Really, now?
Sadly we did not have an early warning system set up for this catastrophe. Apparently all the buoys in the world could not see this storm coming. You see, the transponders had all been turned off allowing this storm to approach quietly, unsuspectingly. We all were punch drunk in the Fed's casino and at 4:35am when they shut down the credit window we were all SOL. We were not ready when the credit levies failed.
Then just as FEMA horribly mismanaged Katrina, the Fed, Treasury and current administration have screwed this recovery up as well. Instead of pulling the people from their flooded houses and getting them safe, they have taken all disaster relief to the TBTF's and left us to wade in the carnage, sewage and filth of crisis.
We have been left for dead while the city and the big businesses get saved first. We're stuck at the Super Dome and can't get out. All the bridges are out. There are no life lines and apparently communication to the government has been cut off. President Nagin (I mean Obama -sorry for that horrible unintentional reference) is more concerned about other things right now than helping the people of the country. The media coverage is focused on everything but the struggling individuals left to survive in more than adverse conditions. Pay no attention to the millions of unemployed swimming in the feces laden pool of debt that the TBTF's were allowed to create.
Recovery will be swift. We will rebuild. We have funds to get you back on your feet. Jobs will be created and all will be restored to normal. Meanwhile report to your local credit councilor and turn in your firearms. We're here to help.
Sadly we got screwed again. Only this time the country is being laid to waste and not just New Orleans. The levies are being rebuilt (bubble re inflation) and they will protect us from all future storms. Really, now? You will be able to return to your homes. Really, now? New Orleans will return to the once great city it once was. Really, now? Residents of New Orleans, your lives will return to normal soon.
Really, now?
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