Business / Economic / Financial
[ This link to a somewhat more cumulative blog posts page will precede current days news since most all topics remain current in terms of impact and longer-term effect and can be searched by topical index term more easily. The same is provided since the blog site http://alpeiablog.blogspot.com has just been censored as to size by google which is typical for google as nsa / cia / gov’t shill as more are becoming aware of. The same is true for microsoft, another co. that’s seen their best days and relies on the government to maintain their monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and clarity thereby while the Washington Post page is the real deal but without formatting http://www.washingtonpost.com/wp-srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia ]
Art Hogan of Jefferies, while being interviewed by Frank Motek indicated that next week will probably be a ‘sell on the news’ week, the absence of that rumor / b*** s*** story, viz., the election results, being the precipitating factor [Come on …. Does anybody really believe that election results at this point in declining, defacto bankrupt america’s history mean anything at all (bi-partisan corruption, perpetual war policy, incompetence, etc, in all three branches of government)]. He was promptly cut off [they probably used an att line ( corrupt jersey based att now owned by war criminal bushie bonkers Texas based sbc does the government bidding which impacts on service and privacy)]. Slusiewicz, as immediately follows the table sets forth the same cautionary note, and inter alia, I would add the following for prospective full moon cycles in addition to the numbers to help explain the fraudulent wall street lunacy (and yes, they are criminally insane lunatics on wall street):
| Year | New Moon | First Quarter | Full Moon | Last Quarter |
| 2010 Moon Phases dates | ||||
| 2010 |
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| Jan 7 10:40 |
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| Nov 6 04:52 | Nov 13 16:39 | Nov 21 17:27 | Nov 28 20:36 |
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| Dec 5 17:36 | Dec 13 13:59 | Dec 21 08:13 t | Dec 28 04:18 |
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| Year | New Moon | First Quarter | Full Moon | Last Quarter |
| 2011 Moon Phases dates | ||||
| 2011 | Jan 04 09:03 | Jan 12 11:31 | Jan 19 21:21 | Jan 26 12:57 |
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| Feb 3 02:31 | Feb 11 07:18 | Feb 18 08:36 | Feb 24 23:26 |
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| Mar 4 20:46 | Mar 12 23:45 | Mar 19 18:10 | Mar 26 12:07 |
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| Apr 3 14:32 | Apr 11 12:05 | Apr 18 02:44 | Apr 25 02:47 |
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| May 3 06:51 | May 10 20:33 | May 17 11:09 | May 24 18:52 |
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| Jun 1 21:03 | Jun 9 02:11 | Jun 15 20:13 | Jun 23 11:48 |
Nothing to Cheer About Slusiewicz ‘My daughter is a cheerleader at her school. As you know, cheerleaders have to cheer for their teams through good and bad times no matter what. It seems that investors today are acting as cheerleaders for the Federal Reserve. The current chant goes something like this; “Go Ben – Print more money – Buy more Bonds! Go Ben Go – Buy more Assets!” It doesn’t matter that this same Fed that back in the beginning of 2007, when New Century Financial (the first big time subprime lending company) failed, the Fed continued to talk about ‘excess liquidity.’ When the problems became worse the Fed said that the problems would be contained to only subprime loans. When the problems spread from subprime to prime loans - this same Fed clearly announced that the problems would be minor and not extend into the rest of the US economy. When the economy started into a full blown recession in 2008– Fed officials were saying it would only be a soft patch in a robust economy until it was too late. They were behind the curve ball all the way down. The first Quantitative Easing program, which had the Fed buying mortgage securities in an attempt to keep interest rates low to stimulate the housing market, was only partially successful. Because, while interest rates for mortgages stayed low, seniors on fixed incomes suffered and the housing market still remains vulnerable. So far Fed actions have not been too successful are reviving our economy on a widespread basis – just look at job growth or the lack thereof. Some will argue that without the Fed things would have been much worse. That is debatable. My contention is that we would have dropped farther and faster, but the recovery would have also been much quicker without the humongous debt burden we created that will likely last for generations. But that is not the point of discussion in this prose. The real concern is that if investors feel that America is on the road to recovery – what do we need to print another trillion dollars for (QE2)? Could it be that structurally we still have some issues? One would never know it judging from the complacency of investors. The VIX fear index is at extreme low levels. The AAII investors’ sentiment gauge also shows a high level of bullishness and an extreme low level of bears. The spread from bulls to bears is one that is normally associated with market tops. This could mean that investors either trust or fear the bearded one who wields a big printing press. Institutions are also very bullish as mutual funds are carrying near record low levels of cash today. Also adding to the mutual fund dilemma has been the record amount of redemptions by individual investors from stock funds over the preceding several months. From a technical perspective, I see a very extended rising bearish wedge pattern formed since the August 31st lows on the major indices. The market run up over that timeframe also has an eerie similarity to the run up from February to the April highs of this year. I observe a double top formation with the current and April highs and the markets are currently intersecting their respective 200 week declining moving averages, adding resistance to the uptrend. We have more volume on the down days than on the up days, signaling distribution. The High Frequency Traders that caused the flash crash in May still constitute the majority of the volume each trading day – which to me still demonstrates potential instability. The market set up is very similar to the April highs, but the only thing missing is a catalyst to get the market moving up or down from here. I am very concerned about the inverse relationship markets have with the US Dollar. Sentiment on the dollar is 100% bearish! The old adage is to invest opposite of everyone else – especially when everyone is all on one side. You cannot get more bearish on the dollar than what it is today. If the dollar reverses back up and the inverse relationship holds true to form – then the stock market could be in for a reversal. Now the dollar bears are going to see the QE2 that’s coming and state that the dollar is going to continue its slide. It wasn’t too long ago that many pundits were saying that the Euro would not only drop to par with the US dollar – but it would cease to exist as a currency. Look what has transpired since. The only certainty is change. Now is a time for caution! Some major events are coming soon. The election on November 2nd and the much anticipated Fed announcement the next day to name a few. Clearly investors are cheering, hoping, and waiting for the next move by the Fed. November 3rd cannot get here soon enough. Is this going to be one of those buy on rumor and sell on news events? Can the Fed live up to the expectations built into current market prices for another round of quantitative easing? Will the Fed’s action really spread to the overall economy and create jobs and boost our nation into a self sustaining recovery? I’ll keep my daughter cheering on Ben Bernanke and his friends – “Go Bernanke – the economy doesn’t want another spanky” – or something like that. Disclosure: Author maintains positions in GLL, ZSL, TBT, PCH, PCL, EUO and cash’
Flat Finish on Wall Street Midnight Trader Oct 26, 2010 --
- NYSE down 15.6 (-0.2%) to 7,530.80
- DJIA up 5.41 (+0.05%) to 11,169
- S&P 500 up 0.02 (flat) to 1,186
- Nasdaq up 6.44 (+0.3%) to 2,497
GLOBAL SENTIMENT
- Hang Seng down 0.11%
- Nikkei down -0.25%
- FTSE down 0.78%
UPSIDE MOVERS
(+) NTRS gains as reports says HSBC may make a bid.
(+) JASO projects better-than-expected Q3.
(+) COH beats with Q1 results.
(+) SUPG continues evening gain after earnings top year-ago levels.
(+) MIPS continues strong evening upside in wake of earnings beat.
(+) F loses early bid that followed earnings beat.
DOWNSIDE MOVERS
(-) DD gives up early gain to turn just lower; beats with weaker earnings, raises guidance.
(-) TXN continues evening decline that followed Q3 estimates, Q4 guidance that straddles Street view.
(-) UBS investment side performance clouds earnings beat.
(-) RF misses loss expectations.
(-) TLAB guides for revenue miss.
(-) ARMH dented by Q3 results.
(-) X earnings disappoint.
(-) ZRAN warns for Q4 after Q3 revenue miss.
(-) VLTR downgraded.
MARKET DIRECTION
Stock averages end barely in positive territory. Mixed earnings, disappointing home price data and an improving dollar offset a report showing a rise in consumer confidence.Consolidation kept a lid on stock markets. The blue-chip DJIA has pushed up to score a fresh 2010 high a couple of times in recent sessions before edging back to close off that mark.Stocks turned positive at mid-day as a consumer sentiment report offered some support for the broader market.U.S. consumer confidence rose in October to 50.2, according to the Conference Board. Economists had expected a reading of 50, according to a MarketWatch poll. Confidence for September was revised up to 48.6, from a prior estimate of 48.5. The barometer on consumers' expectations rose to 67.8 in October from 65.5 in September, while consumers' assessment of current conditions rose to 23.9 from 23.3.The U.S. August Case-Shiller home price index, released before the bell, fell 0.2%, but is up 1.7% in the past year.Ford Motor Co. (F) and Coach (COH) were gainers after their respective results, while Texas Instruments (TXN) and US Steel Corp. (X) disappointed with their earnings and outlooks.
Wall St advances on dollar weakness, Fed bets (Reuters) – [ Look at the aforementioned headline. Isn’t anyone getting the sense of how totally preposterous this is? Then there’s the ‘market frothing’ used home foreclosure / distressed home sales number … previous wall street b*** s*** story, the election and consequent gridlock story … as if they’re substantially different …perpetual war, runaway nation-bankrupting record deficit spending, incompetence, corruption (still no prosecution of the wall street frauds), etc. What total b*** s***! ] U.S. stocks rose to a five-and-a-half month high on Monday as a falling dollar, partly driven by expectations of further stimulus by the Federal Reserve, prompted investors to buy riskier as... [ Davis: ‘… all profits are inflated by 10% (from falling, debased dollar) and that 10% is the E that gets divided from the P and gives us a much better price/multiple to hang our hats on and that gets investors to BUYBUYBUY …’ Previous pre-crash: The bull market that never was / were beyond wall street b.s. when measured in gold ] This is an especially great opportunity to sell / take profits (these lower dollar, hyperinflationary currency manipulations / translations to froth paper stocks will end quite badly as in last crash)! This is a global depression. This is a secular bear market in a global depression. The past up moves were manipulated bull (s***) cycles (at best) in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street ‘programmed computerized high-frequency churn and earn pass the hot potato scam / fraud as in prior crashes ( widely reported, high-frequency trading routinely accounts for more than 50% of daily U.S. equity trading volume and regularly approaches 70%. )’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed.The Stock Market's Long Decline Has Begun Smith ‘The Fed's campaign to boost the risk-trade in equities by destroying the dollar has reached its limits. Now gravity will take hold as stocks enter a Long Decline.On Monday, Daily Finance published my article Is the Market Ready to Roll Over? These Signs Say Yes.
Don't Trust the Rally: "Its Just High-Speed Guys Chasing Each Other, Saluzzi Says ‘Major averages are hovering near their highest levels since September 2008, but retail investors continue to flee the market. Domestic equity funds have suffered outflows for 24 consecutive weeks through Friday, and over $81 billion has come out of domestic equity mutual funds year to date, according to Morningstar.At the risk of stating the obvious, several factors explain why investors simply don't trust the rally. Twice bitten, thrice shy: Having been burned by the bursting of the tech stock bubble in 2000, the housing bubble and the financial crisis of 2008, investors are understandably wary of getting sucked in again. A "lost decade" for index investors hasn't helped either. It's the Economy Stupid: With the "real" unemployment rate near 17%, millions of Americans simply have no money to put into the market; many are cashing out their 401(k) plans and otherwise raiding their nest eggs in an effort to stay afloat. Given the economic backdrop, it's no surprise many investors see the rally as being detached from reality and due only to the Fed's easy money policies...and the promise of more! "We're not seeing any sort of growth other than stimulus," says Joseph Saluzzi, co-founder of Themis Trading. "That is a very disturbing thing -- the constant stimulus that keeps on coming that really does nothing other than barely keep you above [breakeven] on the GDP print." In addition, Saluzzi says investors are rightfully worried about a market dominated by "high-speed guys just chasing each other up and down the price ladder." Unsafe at High Speeds As has been widely reported, high-frequency trading routinely accounts for more than 50% of daily U.S. equity trading volume and regularly approaches 70%. Saluzzi isn't opposed to high-frequency trading per se, calling it a "byproduct of the market structure," as detailed in the accompanying video. But he believes that structure is broken, thanks to rules promoting computer-driven trading, most notably Reg NMS. As a result of regulatory changes and new technology, events like the May 6 ‘flash crash' "will happen again," he says. "There's not a doubt in my mind." Many retail investors feel the same way, another reason for the mistrust of the rally and why about $65 billion of the equity fund outflows this year have occurred in the five months since the "flash crash".’
Want to get away with murder? Become a bank Fortune | Even before the foreclosure problem appeared, the level of public distrust of our financial and political systems was approaching the pathological.
Food Prices Expected to Rise Sharply CNBC | In its most recent CPI report for food, the USDA reported that prices are expected to rise in 2011.
Potential AIG Bailout Loss Was Concealed By Treasury, Federal Auditor Says The U.S. Treasury concealed $40 billion in likely taxpayer losses on the bailout of American International Group (AIG.N), the New York Times said, citing a report by Neil Barofsky, the special inspector general for the Troubled Asset Relief Program.
How Did the Banks Get Away With Pledging Mortgages to Multiple Buyers? I’ve repeatedly documented that mortgages were pledged multiple times to different buyers. In response, some people (including one of the country’s top bankruptcy lawyers) have told me they don’t buy it.
Bill Black On Foreclosuregate: Calls For The Immediate Termination Of Bernanke, Geithner And Holder Bill Black, who will soon, together with Neil Barofsky, be a guaranteed shoe-in for the POTUS/VP position (both as independents, of course), was on the Ratigan show today, following on his op-ed from last week calling for the long-overdue nationalization of Bank of America, and discussing the rampant fraud at the heart of mortgage gate.
Greece Likely to Default By 2013 as Debts Remain, El-Erian Says Greece is likely to default over the next three years because budget-cutting won’t be enough to reduce the nation’s debt burden, Pacific Investment Management Co. Chief Executive Officer Mohamed A. El-Erian said.
(10-26-10) Dow 11,169 +5 Nasdaq 2,497 +6 S&P 500 1,185 +0 [CLOSE- OIL $82.55 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.15 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,338 (+24% for year 2009) / SILVER $23.83 (+47% for year 2009) PLATINUM $1,706 (+56% for year 2009) / DOLLAR= .72 EURO, 81 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.65% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!
National / World
White House Media Who**s Caught In Rand Paul “Stomping” Cover-Up Paul Joseph Watson | Media Matters and Think Progress – owned by group committed to “promoting the policies of Barack Obama,” completely fail to mention that Rand Paul supporter was also victim of assault.
Stomping of MoveOn Activist at Rand Paul Event: Staged Incident? Infowars.com | The corporate media will insinuate that Rand Paul’s supporters in Kentucky are jackbooted fascist thugs.
George Soros: Legalize Marijuana Kurt Nimmo | For Soros, marijuana legalization is about taxation, pure and simple.
Contrived Propaganda Tapes Reveal War On Terror Fraud Paul Joseph Watson | Pearlman and Awlaki videos released within 48 hours of major embarrassments for US military-industrial complex.
Millions Of Unemployed Americans Now Live As Paupers The Economic Collapse | This is national economic suicide, but our politicians have become so addicted to debt that there doesn’t seem to be much hope that things can be turned around any time soon.
Republicans Want Israeli Aid Transferred to Pentagon Ynetnews.com [ How pathetic and self-destructive! The nation’s defacto bankrupt and crumbling and they’re worried about securing an even larger stipend for war criminal nation and scofflaw israel. ] Disconnecting Israel from the foreign aid’s law will guarantee the continued support while also allowing the Republicans to take control of the foreign aid budget and the money flow to other countries.
Al Qaeda Leader Dined at the Pentagon Just Months After 9/11 Fox News | Anwar Al-Awlaki may atop the CIA’s kill or capture list, but he was also a lunch guest at the Pentagon within months of 9/11.
Election Fraud Worries Already Rampant: Widespread Reports Of Machines Flipping Votes Significant errors with voting machines have already begun to surface across the country, prompting fears that fraud could once again be a deciding factor in the elections this November.
Public Optimism in U.S. System of Government Hits a 36-year Low Optimism in the country’s system of government has dropped to a new low when measured against polls going back 36 years, and the public’s belief that America is the greatest nation on earth, while still high, has fallen significantly from its level a generation ago.
Congressional Report Casts Doubt on Constitutionality of Obamacare’s Individual Mandate A report from the Congressional Research Service (CRS) casts doubt on the two main arguments used by the Obama administration to defend the individual insurance mandate that is the central component of the controversial health “reform” law.
Bernanke Asset Purchases Risk Unleashing 1970s Inflation Genie For the second time since he became chairman in 2006, Ben S. Bernanke is leading the Federal Reserve into uncharted monetary territory.
Contrived Propaganda Tapes Reveal War On Terror Fraud Just two days after it was revealed that Al-Qaeda mastermind Anwar Al-Awlaki had met with Pentagon top brass only a matter of months after 9/11, an organization founded by the daughter of a former Israeli military intelligence officer released a video tape of Awlaki re-affirming his commitment to global jihad. A group of second graders could probably have come up with a more sophisticated propaganda campaign than that concocted by the SITE group this past weekend.
‘West using Iranophibia to sell arms’ The Iranian foreign ministry spokesman says the West is spreading of Iranaphobia to revive the arms market and distract regional states from other threats.
Humiliate, strip, threaten: UK military interrogation manuals discovered The British military has been training interrogators in techniques that include threats, sensory deprivation and enforced nakedness in an apparent breach of the Geneva conventions, the Guardian has discovered.
Revealed: FBI investigated claim that group threatened de-icing equipment when probing crash that killed Senator Wellstone FBI files obtained by Minnesota Public Radio published Monday shed new light — and perhaps shadows — onto the life and death of former Democratic Minnesota Sen. Paul Wellstone, who was killed when his twin-engine plane crashed in 2002.
Karzai admits receiving ‘bags of money’ from Iran Afghan President Hamid Karzai admitted Monday that his chief of staff had received “bags of money” from Iran but insisted the payment was transparent and a form of aid from a friendly country.
War protester hurls shoes at ex-Australian prime minister John Howard on live television A man protesting against the Iraq war hurled his shoes at Australia’s former prime minister during a live TV show.
Drudgereport: CHICAGO: 'Glitch' with vote-by-mail system; Hundreds of thousands of voters may be disenfranchised...
UPDATE: Tensions flare offstage at KY debate; Dem supporter steps on foot of woman wearing surgical boot...
ANTI-REPUBLICAN PROTESTER STOMPED...
Bill Clinton: 'It's What Happened To Me In 94'...
SHOCK POLL: OBAMA HITS 37 APPROVAL...
Dem candidates shun president...
Obama: My name's not on ballot, but my agenda is...
Fiorina Admitted to Hospital for Infection...
WH bristles over top Republicans remarks...
REALCLEAR WRAP: SENATE HOUSE...
ABCNEWS NOTE MIKE ALLEN PLAYBOOK MSNBC FIRST READ WASH POST RUNDOWN...
REID 'FREE FOOD' AT TURNOUT EVENTS
UNIONS 'GIFT CARDS' FOR VOTES
SOROS: LEGALIZE THE WEED... [ … In his opinion piece, Soros said that the nation’s marijuana laws "are clearly doing more harm than good" at a cost of billions of dollars a year "to enforce this unenforceable prohibition."Soros wrote that regulating and taxing marijuana would reduce the crime and violence linked to criminal drug gangs and violations of civil liberties "that occur when large numbers of otherwise law-abiding citizens are subject to arrest." He also noted that minorities are arrested at higher rates for marijuana crimes, creating arrest records that may follow them through life.Although he endorsed Proposition 19, noting that it would allow recreational use and small-scale cultivation, Soros also suggested "its deficiencies can be corrected on the basis of experience." Besides allowing adults 21 and older to grow and possess marijuana, the initiative would allow cities and counties to authorize commercial cultivation, sales and taxation … ( My position is similar but for the reason to take the profit from the gangs, criminals, and to tax it). ]
VEGAS: 'I WENT TO VOTE AND HARRY REID'S NAME WAS ALREADY CHECKED'...
Voting Machine Techs Are SEIU...
N CAROLINA: I VOTED REPUBLICAN AND MACHINE CHECKED DEMOCRAT...
[ Let’s get real … declining / fallen america’s a banana republic (pervasively corrupt, defacto bankrupt, gunboat diplomacy, etc.)]
Bernanke on U.S. recovery, Federal Reserve policy (Washington Post) [ A credit to Mr. Irwin for his novel and imaginative approach to expressing well placed skepticism. He’s certainly come a long way from his glass half-full days! Ohio Congressional Candidate Calls for an Audit of Federal Reserve Constitution Party Candidate David Ryon, running for the 15th District of Ohio, called for an Audit of the Federal Reserve in an interview with Jerry Revish on WBNS-10tv. Dollar at Risk of Becoming ‘Toxic Waste’ The dollar’s slump could get far worse if the dollar index takes out last year’s low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday. WIRE: Fed’s secretive $300B CITIBANK bailout The late Bloomberg News reporter Mark Pittman asked the U.S. Treasury in January 2009 to identify $301 billion of securities owned by Citigroup Inc. that the government had agreed to guarantee. He made the request on the grounds that taxpayers ought to know how their money was being used.] We wanted to do a Q&A with Fed Chairman Ben Bernanke despite his press-shy tendencies.
U.S. operations in Kandahar push out Taliban (Washington Post) [ Break out the bubbly, victory at last! Riiiiight! Reality … defacto bankrupt american forces moved in, Taliban moved out. ]
Report: Treasury's AIG bailout loss estimate too optimistic (Washington Post) [ How could anyone with an IQ exceeding 100 believe anything they say? - Ohio Congressional Candidate Calls for an Audit of Federal Reserve Constitution Party Candidate David Ryon, running for the 15th District of Ohio, called for an Audit of the Federal Reserve in an interview with Jerry Revish on WBNS-10tv. WIRE: Fed’s secretive $300B CITIBANK bailout The late Bloomberg News reporter Mark Pittman asked the U.S. Treasury in January 2009 to identify $301 billion of securities owned by Citigroup Inc. that the government had agreed to guarantee. He made the request on the grounds that taxpayers ought to know how their money was being used. ]
Sales jump 10 percent in September for existing homes (Washington Post) [ Wall St advances on dollar weakness, Fed bets (Reuters) – [ Come on! Look at the aforementioned headline. Isn’t anyone getting the sense of how totally preposterous this is? Then there’s the ‘market frothing’ used home foreclosure / distressed home sales number … previous wall street b*** s*** story, the election and consequent gridlock story … as if they’re substantially different …perpetual war, runaway nation-bankrupting record deficit spending, incompetence, corruption (still no prosecution of the wall street frauds), etc. What total b*** s***! ] U.S. stocks rose to a five-and-a-half month high on Monday as a falling dollar, partly driven by expectations of further stimulus by the Federal Reserve, prompted investors to buy riskier as... [ Davis: ‘… all profits are inflated by 10% (from falling, debased dollar) and that 10% is the E that gets divided from the P and gives us a much better price/multiple to hang our hats on and that gets investors to BUYBUYBUY …’ Previous pre-crash: The bull market that never was / were beyond wall street b.s. when measured in gold ] This is an especially great opportunity to sell / take profits (these lower dollar, hyperinflationary currency manipulations / translations to froth paper stocks will end quite badly as in last crash)! This is a global depression. This is a secular bear market in a global depression. The past up moves were manipulated bull (s***) cycles (at best) in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street ‘programmed computerized high-frequency churn and earn pass the hot potato scam / fraud as in prior crashes ( widely reported, high-frequency trading routinely accounts for more than 50% of daily U.S. equity trading volume and regularly approaches 70%. )’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed.The Stock Market's Long Decline Has Begun Smith ‘The Fed's campaign to boost the risk-trade in equities by destroying the dollar has reached its limits. Now gravity will take hold as stocks enter a Long Decline.On Monday, Daily Finance published my article Is the Market Ready to Roll Over? These Signs Say Yes. ]
FDIC chairman: Warnings signs ignored (Washington Post) [ The irrelevance of federal bureaucrats … I mean, really … tell us something we don’t know … or, realistically, precede the foregoing by ‘As now’, which of course is reality and relevant. Shoulda, coulda, woulda … isn’t everyone tired of paying money the nation doesn’t have for excuses and incompetence … the non-pros of the frauds on wall street and current fraud / scam is a glaring additional example. Fire them,abolish lifetime appointees, etc.. ]
Don't Trust the Rally: "Its Just High-Speed Guys Chasing Each Other, Saluzzi Says ‘Major averages are hovering near their highest levels since September 2008, but retail investors continue to flee the market. Domestic equity funds have suffered outflows for 24 consecutive weeks through Friday, and over $81 billion has come out of domestic equity mutual funds year to date, according to Morningstar.At the risk of stating the obvious, several factors explain why investors simply don't trust the rally. Twice bitten, thrice shy: Having been burned by the bursting of the tech stock bubble in 2000, the housing bubble and the financial crisis of 2008, investors are understandably wary of getting sucked in again. A "lost decade" for index investors hasn't helped either. It's the Economy Stupid: With the "real" unemployment rate near 17%, millions of Americans simply have no money to put into the market; many are cashing out their 401(k) plans and otherwise raiding their nest eggs in an effort to stay afloat. Given the economic backdrop, it's no surprise many investors see the rally as being detached from reality and due only to the Fed's easy money policies...and the promise of more! "We're not seeing any sort of growth other than stimulus," says Joseph Saluzzi, co-founder of Themis Trading. "That is a very disturbing thing -- the constant stimulus that keeps on coming that really does nothing other than barely keep you above [breakeven] on the GDP print." In addition, Saluzzi says investors are rightfully worried about a market dominated by "high-speed guys just chasing each other up and down the price ladder." Unsafe at High Speeds As has been widely reported, high-frequency trading routinely accounts for more than 50% of daily U.S. equity trading volume and regularly approaches 70%. Saluzzi isn't opposed to high-frequency trading per se, calling it a "byproduct of the market structure," as detailed in the accompanying video. But he believes that structure is broken, thanks to rules promoting computer-driven trading, most notably Reg NMS. As a result of regulatory changes and new technology, events like the May 6 ‘flash crash' "will happen again," he says. "There's not a doubt in my mind." Many retail investors feel the same way, another reason for the mistrust of the rally and why about $65 billion of the equity fund outflows this year have occurred in the five months since the "flash crash".’
Are TIPs a Gip?: Dave's Daily The story of the day was the Treasury's five-year TIP sale. I'm as shocked as Cosmo Kramer on this but shouldn't be since TIP yields were heading in this direction. Who would buy a bond with a negative yield? What's the message for investors? Hyperinflation and soon! If it goes that way the government will have to reconfigure the CPI to ex everything we do except the cost of government. Elsewhere there was news existing home sales were higher--big whoops! Markets rallied higher early mostly on the same old theme: a weak dollar is a good thing since not much was accomplished at the G-20. The USA is rapidly becoming the world's laughing stock ... [ Laughing stock indeed! ]
Hope Is Not a Strategy: Or Is It? Moenning ‘Anyone who has been around the investing game for any length of time is likely familiar with the old saw, “Hope is not a strategy.” This famous Wall Streetism reminds investors and traders alike that holding onto a losing position in the hope that it will come back to your purchase price is not a sound strategy. Nor is hoping that the stock in question will suddenly come through with blowout earnings, surprise with a new product, or be bought out by a competitor. No, the stock market game is about dealing with what is happening, not what you hope to see in the future. However, it appears to be quite clear that hope is indeed the singular driving factor in the stock market these days. For example, there is the hope that Bernanke and Co. will ride in on their white horses to save the economy with a little something they like to call QE II. There is hope that the elections will bring an end to the anti-business environment and perhaps remove some of the uncertainty surrounding taxes, regulations, etc.There is hope that the economy will continue to improve and that the Chinese will be able to walk the tightrope between avoiding bubbles and maintaining a strong economy. There is hope that the G20 gathering will put an end to the “competitive currency devaluations” (aka currency wars). There is hope that the American consumer will continue to avoid saving and return to spending everything they make (and then some). And there is a fair amount of hope that the PIGI’S acronym will quickly fade from people’s memories. It is my humble opinion that hope relating to any or all of the above has been responsible for pushing up the stock market indices since September 1st. At last check, the S&P sports a gain of nearly 13% over the last 38 trading days while the venerable DJIA is up 11.2% and the NASDAQ has climbed a nifty 17.3%. Not bad for a couple months work, eh?. Lots of people are comparing the current joyride to the upside to the February-April affair, during which S&P gained roughly 15% over a period of two and one-half months. Perhaps the comparisons are being made because of the similarities of the rallies in terms of breadth and duration. Perhaps the comparisons are being made because the Dow is now back to within a stone’s throw of the highs for this bull market cycle that were set on April 26th. And perhaps the comparisons have arisen from the idea that during the Feb-April jaunt, it was also hope that things would be better going forward that drove the action. However, I’d like to take exception with that last idea as the current rally’s brand of hope is a horse of a completely different color. You see, during the market’s spring fling, the economic data was coming in consistently better than expectations. If you will recall, this was before the public knew that the recession had ended (although we had been suggesting such since late summer). Thus, the hope at that time had to do with the idea that the economic recovery might actually be better than expected. And since no one in their right mind was overly optimistic about the outlook at that point in time, suddenly there was a lot of room for discounting the upside. Of course, the fun ended abruptly when the world started to fret over the idea that Greece’s financial woes were going to drag the world back into crisis. And then once that concept took hold, traders immediately tossed aside the rose colored glasses and started employing the “R” word with regularity. But, once it became clear that the “soft patch” had subsided, traders began to once again look ahead to blue skies. Which bring us back to hope. While I am a trend-follower at heart, I DO need to understand and accept the reasoning behind the move in order to be wholeheartedly onboard the train. And as such, I’m growing more than a little concerned that the hope trade may be setting us up for disappointment at some point in the near future. Unlike the Feb-April rally, which was based on data, this rally is based on hope and hope alone. (Well, okay, there have been some decent earnings numbers showing up now and again and the economic data hasn’t exactly been a disaster.) In short, the hope is that David Tepper is right – that stocks win regardless of whether or not the economy grows from here. Now toss in the idea that the Fed’s latest plan involves pushing rates that it normally doesn’t control lower and you’ve got a recipe for a declining dollar. And since traders have their fancy new computers set to buy “risk assets” (commodities, stocks, emerging markets) whenever the dollar falls, well, it’s been a good time to own equities. However, at some point, this “trade” is going to run its course. At some point, the dollar’s decline will end. At some point, reality will set in that the current economic growth rate (said to be in the 2% - 2.5% range for 2011) can only generate so much in terms of earnings power. And unless the Fed can magically engineer a recovery in jobs sooner rather than later, at some point, disappointment might rear its ugly head. Sorry to be a Debbie Downer on this first day of ski season (yes fans, Loveland ski area in Colorado once again takes home the prize as the first resort to crank up its lifts), but I’m of the mind that, at some point, traders will be reminded of the fact that hope is not a strong reason to keep buying stocks. But until then, I plan to continue to enjoy the view from these rose-colored glasses and ride the tide. Disclosure: No positions
Andy Xie: “If You Print A Trillion, I’ll Print A Trillion The Daily Bail | The world seems on course to another crisis in 2012.
The Great IMF Fire-Sale of the UK has Begun Phil Brennan | This is a fight against neo-feudalism, a fight for our very lives.
Germany Accuses US of Indirectly Manipulating Dollar Reuters | German Economy Minister Rainer Bruederle took issue with what he called a U.S. policy of increasing liquidity, saying it indirectly manipulated exchange rates.
Ohio Congressional Candidate Calls for an Audit of Federal Reserve Constitution Party Candidate David Ryon, running for the 15th District of Ohio, called for an Audit of the Federal Reserve in an interview with Jerry Revish on WBNS-10tv.
Dollar at Risk of Becoming ‘Toxic Waste’ The dollar’s slump could get far worse if the dollar index takes out last year’s low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
WIRE: Fed’s secretive $300B CITIBANK bailout The late Bloomberg News reporter Mark Pittman asked the U.S. Treasury in January 2009 to identify $301 billion of securities owned by Citigroup Inc. that the government had agreed to guarantee. He made the request on the grounds that taxpayers ought to know how their money was being used.
Goldman: The Fed Needs To Print $4 Trillion In New Money With just over a week left to the QE2 announcement, discussion over the amount, implications and effectiveness of QE2 are almost as prevalent (and moot) as those over the imminent collapse of the MBS system.
Peter Schiff: ‘US No.1 offender to blame for global imbalances’ A U.S. proposal to restrict how much countries should be allowed to borrow or export has run into opposition at a G20 meeting in South Korea. Japan, Germany and Russia have criticised the so-called “planned economy” thinking. Investment strategist Peter Schiff told RT that Washington is the one to blame for creating the global imbalances that threaten the world’s financial stability.
100 Dollar Oil Is Coming The price of oil has been hovering around 80 dollars a barrel for quite some time now, but get ready, because it is going to move significantly higher.
(10-25-10) Dow 11,164 +31 Nasdaq 2,490 +11 S&P 500 1,185 +2 [CLOSE- OIL $82.52 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.15 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,338 (+24% for year 2009) / SILVER $23.54 (+47% for year 2009) PLATINUM $1,695 (+56% for year 2009) / DOLLAR= .71 EURO, 80 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.55% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!
National / World
Gadahn Call To Attack Americans Comes From Israel “Israeli terrorist “clones” are responsible for most hard line rhetoric, threats and, if we investigated closely, have actually recruited terrorists and directly inspired, if not planned and executed, attacks on Americans…Gadahn is part of it, so is Wikileaks”
America Is Gone There is a whiff of anarchy in the air this morning. As I sit here writing, a conservative victory in the midterm elections looms. But I find no reason to be optimistic.
American People To Dems And GOP: Get Out Of Office, You Don’t Speak For Us Steve Watson | Public wants a third party, but sees problems with bastardized Tea Party.
Think Soros Leaks RINO Neocon Takeover Doc Kurt Nimmo | One faction of globalist tools outing another faction of globalist tools. That’s how we play politics in America today.
The two most dangerous words you’ve probably never heard of Adam Murdock, MD | It is within the free market that solutions should and can be found for every medical problem.
Welcome to the Greatest Depression: California’s Best and Brightest Face Homelessness, Poverty Kurt Nimmo | Intelligent people are spinning their wheels as they are systematically being pauperized and converted into the latest class of serfs by the banksters.
Cyberwarfare: US Seeks To Shut Down Enemy Power Grids Paul Joseph Watson | When an extremist group shuts down US infrastructure, it’s labeled a terrorist attack, but when the US does it to another country, it’s merely cybersecurity.
American People To Dems And GOP: Get Out Of Office, You Don’t Speak For Us A whopping majority of 62% of the American people believe it will be a good thing for the country if almost all incumbents from both parties were removed in the upcoming midterm election.
Minority Of Americans Now Have Faith In Two Party Scam Only a minority of American voters now have faith in either Democrats or Republicans according to a new Rasmussen poll out today, with favorability toward a third party surging amidst a wave of anti-incumbent success.
Think Soros Leaks RINO Neocon Takeover Doc One faction of globalist tools outing another faction of globalist tools. That’s how we play politics in America today.
Welcome to the Greatest Depression: California’s Best and Brightest Face Homelessness, Poverty I don’t know why CBS insists on calling what’s happening economically in this country the “Great Recession.” It’s the Greatest Depression. It is quickly shaping up to be worse than the first Great Depression.
Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’ When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department.
Cyberwarfare: US Seeks To Shut Down Enemy Power Grids While proponents of cybersecurity continually emphasize the necessity of passing legislation that will hand the Obama administration the power to shut down the Internet in the name of defending critical infrastructure, every indication suggests that cybersecurity is nothing less than an offensive agenda to enable the US government to launch its own attacks against other groups and countries.
600 foreign troops killed in Afghanistan in 2010 The number of foreign troops to die this year in Afghanistan has reached 600, by far the highest annual toll in nine years of war despite tentative reconciliation efforts with the Taliban.
Former Chairman of Joint Chiefs Hugh Shelton: Bush officials pushed Iraq war ‘almost to the point of insubordination’ Gen. Hugh Shelton, who served as the Chairman of the Joint Chiefs of Staff from 1997 to 2001, told ABC’s Christiane Amanpour on Sunday that top officials in the Bush Administration pushed for war in Iraq “almost to the point of insubordination.”
Julian Assange to RT: WikiLeaks gives ‘most accurate picture of war’ The shocking WikiLeaks release, which has revealed thousands of unreported civilian casualties in Iraq, is the most accurate picture of war ever made, and it is food for thought, says the website’s editor-in-chief. The report, condemned by the Pentagon, claims that US commanders in Iraq ignored evidence of torture and the murder of civilians.
Drudgereport: Dark clouds for Dems as Obama embarks on last push...
Dem Hopeful Says Obama Can 'Shove It'...
'He ignored us and now he's coming into Rhode Island treating us like ATM machine'...
Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, 'No New Deficit Spending'...
States Weigh Letting Noncitizens Vote...
REALCLEAR WRAP: SENATE HOUSE...
ABCNEWS NOTE MIKE ALLEN PLAYBOOK MSNBC FIRST READ WASH POST RUNDOWN...
REPUBLICANS 'GOTTA SIT IN THE BACK' [ The regressive veiled reference to ‘sit in the back of the bus dark-skinned freedom riders’, the already mentally trouble wobama has really lost it … he’s such a desperate and pathetic b*** s*** artist … who can take him seriously? I mean, really! What an insult to the so-called base of constituents he’s appealing to … and, haven’t his actions, ie., no-pros the wall street frauds, more war, etc., belied his words? He’s so pathetic! So typical! ]
REPORT: First lady 'likely' to meet 'commercial sex workers' in India!
Presidential entourage books all 570 rooms in 5-star Taj Mahal Hotel...
Teleprompter to debut at India's Parliament when Obama speaks...
Photos show Israeli troops 'abusing Palestinians'...
WIRE: Fed's secretive $300B CITIBANK bailout...
Dollar at Risk of Becoming 'Toxic Waste'...
Hits new 15-year low versus yen...
Inflation-Protected Securities Yield Goes Negative for First Time...
FDIC Head Sounds Alarm on Foreclosure Litigation...
China, India, Brazil, Turkey get more power at IMF...
Deficit Panel Targets Areas to Cut...
U-TURN: Obama 'to focus on deficit in next 2 years'...
CLINTON PLAYS TO HALF-EMPTY HIGH SCHOOL GYM
70% Of All Stock Market Trades Are Held for An Average of 11 SECONDS [ This is a scam / fraud of huge proportion; a scam / fraud of a magnitude that most people could neither imagine nor comprehend. ] In the stock market, program trading dominates volume. I heard recently that 70% of trade positions are held for an average of 11 seconds.
Regulators shut down 7 banks Bank regulators closed seven banks Friday, bringing the total of number of bank failures for the year to 139, the Federal Deposit Insurance Corporation said.
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